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CHAPTER V <br /> FUNDING OPTIONS <br /> This chapter describes potential financing sources for Plan ,w - - - - <br /> improvements. ; <br /> ~ <br /> This im lementation Ian allows for flexibili g <br /> p p ty in fundin Plan ~ ~ <br /> improvements. In the past, the City of Eugene has demonstrated ~ ` <br /> ~ <br /> fiscal responsibility. The City has taken advantage of opportunities to , , ~ r <br /> ac uire additional arks, build hi h- uali facilities, and im rove ~ <br /> q p g q fY P sir r r.; <br /> recreation services. The City has also been effective at identifying ~ _ <br /> and successfully pursuing a variety of financial resources to assist in <br /> <br /> .funding projects. For example, two local option levies funded _ ' <br /> recreation activities and programs for youth, and a 1998 Parks and ~ ~ ~ ~ <br /> - ~ <br /> Open Space bond provided funding for a number of park projects, r ~ J~ rh <br /> including the renovation of Amazon Pool, upgrades at 19 athletic e <br /> fields, the development of three sports parks, and the acquisition of ~ = ~ ? <br /> twelve neighborhood park sites. In many cases, bond dollars were ~ j F <br /> used to leverage additional resources from granting agencies. Other - <br /> projects that utilized a variety of other funding sources include the ~ ' L`~ <br /> West Eugene Wetlands and maintenance of landscaped medians. <br /> It is recommended the City continue to pursue diverse funding sources <br /> to implement identified priority improvements. This means <br /> investigating all available funding options, maintaining and expanding <br /> general fund support, aggressively seeking grants, partnerships and <br /> donations, and being prepared to act on opportunities when they <br /> arise, The Comprehensive Plan is an important step in this effort. <br /> A. Financing Sources <br /> There are a number of possible financing sources for programs; non- <br /> capital projects; and parks and facilities acquisition, development, <br /> and maintenance. Most sources are limited in scope and can only be <br /> used to fund specific types of projects or improvements. Advantages <br /> and limitations for the financing sources listed below are summarized <br /> in Table 1 on page 66. <br /> Capital Projects and Operations <br /> The following financing sources may be used for capital improvement <br /> projects as well as for ongoing operations and maintenance costs. <br /> ¦ General Fund: Park and recreation services are funded within the <br /> City's General Fund, which receives its revenue primarily from <br /> property taxes, but also includes grants, fees and charges. The <br /> General Fund is the primary source of funding for ongoing parks <br /> maintenance. <br /> Clty of Eugene PROS Comprehenslve Plan 59 <br /> _ <br /> <br />