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<br /> CWAPTER V <br /> Table 1: Financing Options Evaluation <br /> CAP~ ,h ~~PROJECTS AND OP 1-~~5~} ~ <br /> General Fund ¦ Wide flexibility. <br /> ¦ Funds are constrained due to properly tax <br /> limitations. <br /> ¦ All City departments compete for these funds. <br /> Road Fund ¦ Dependent on taxes collected" <br /> ¦ Limitation on the types of projects that may be <br /> funded -principally projects within the road right- <br /> of-way <br /> ¦ Declining funding <br /> Stormwater/ ¦ Projects must meet the goals of the stormwater <br /> Wastewater Fees and wastewater utilities. <br /> ¦ A limited range of recreation projects that can <br /> qualify for use of these funds. <br /> ¦ Cannot 6e used for general park improvements or <br /> operations. <br /> Wetlands Mitigation ¦ Limited to wetlands projects <br /> Bank ¦ Dependent on sale of credits to developers <br /> Local Option Levy ¦ Wide flexibility. <br /> ¦ Short duration - up to 10 years. <br /> ¦ Must receive voter approval. Except during <br /> general elections in even-numbered years, a <br /> double majority is needed. A majority of voters <br /> must turnout, and a majority must vote in favor. <br /> Must be frequently re-approved or funding is <br /> eliminated. <br /> ¦ Subject to the $10/$1,000 cap on general <br /> government property taxes. <br /> Public/Government ¦ Voter approval is not required. <br /> Grant Programs ¦ Wide range of grant programs provides funding for <br /> a broad range of projects and activities. <br /> ¦ Each source has specific eligibility requirements <br /> and approval criteria. Matching projects to <br /> appropriate grant sources is not always easy. <br /> ¦ Application, project reporting, and grant <br /> management requirements can be extensive for <br /> some programs. <br /> ¦ Usually there are matching requirements. <br /> 66 Clty of Eugene PROS Comprehensive Plan <br /> <br />