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CHAPTER V <br /> Table 1: Financing Options Evaluation (continued) <br /> • <br /> Private Grants and ¦ Wide range of foundations provides funding for a <br /> Foundations broad range of projects and activities. <br /> ¦ Requires continued monitoring to keep current with <br /> opportunities. <br /> ¦ Each source has specific eligibility requirements <br /> and approval criteria, and matching projects to <br /> appropriate funding sources is not always easy. <br /> ¦ Some sources do not provide grants to government <br /> agencies. <br /> ¦ Highly competitive. <br /> ¦ Funds may come with conditions{such as naming <br /> a facility). <br /> Public/Private ¦ Can be used to build, fund, or operate a facility. <br /> Partnerships ¦ May permit City to obtain a facility that would <br /> otherwise not be possible. <br /> ¦ City may have to trade off some.. control. of the <br /> project or facility. <br /> Program ¦ Unlimited use, although funds are typically <br /> Fees/Facility reinvested into the program/facility #o cover <br /> Charges program costs or facility maintenance., <br /> ¦ Some programs or facilities can be designed to <br /> recover costs, or even to generate a profit. <br /> However, these programs are`limted. The market <br /> should be considered in setting fees, as well as <br /> program affordability and"accessibility. <br /> ¦ Few programs and fee-based facilities (e.g., <br /> aquatic centers) generate significant amounts of <br /> revenue, and affordability affects the ability to <br /> increase fees. <br /> <br /> CAPITAL~PROJECTS O <br /> System ¦ Good source of capital improvement funding. <br /> Development ¦ Must be used to.fund capacity improvements or <br /> Charges new parks, with a nexus to providing service to <br /> accommodate new development. <br /> ¦ Cannot be used for operations or maintenance <br /> funding. <br /> Donations. ¦ Wide flexibility. <br /> ¦ Usually must be'solicited.' <br /> ¦ May come with strings or requirements. <br /> City of Eugene PROS Comprehensive Plan 67 <br /> <br />