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i <br /> Transportation CIP Policy Issues <br /> 1. As part of a TMA with a population greater than 200,000, Eugene may no longer <br /> eligible for the STP fund exchange program. Options include: <br /> a. Develop a fund exchange program with Lane County based upon the State model. <br /> STP funds would be matched by $75k of TSMF funds. Traffic calming, street <br /> trees, residential streetlights, and sidewalk access ramps would be fully funded. <br /> Remaining STP funds would be matched by transportation SDCs and used for <br /> bikeways. <br /> b. Use STP funds with a transportation SDC match to fund bikeway projects and use <br /> the $75k STP match identified as part of the TSMF to partially fund traffic <br /> calming, street trees, residential street lights, and sidewalk access ramps. This is <br /> the recommended policy and reflected in the draft CIP. <br /> 2. Bikeway projects in the CIP <br /> a. Show specific projects for the first two years and a general category - "Priority <br /> Bikeway Projects" for the remaining years. This is the recommended policy and <br /> reflected in the draft CIP. <br /> b. Show specific projects for each year of the CIP. <br /> c. Show a general category - "Priority Bikeway Projects" for each year of the CIl'. <br /> 3. Under the City's new assessment policies there are an estimated $~"million in <br /> delayed. assessments for the arterial and collector transportation improvements in the <br /> CIl'. Shortly after the adoption of the new assessment policies $300,000 in "seed <br /> money" was set aside from the Bond Reserve Fund to pay for delayed assessments <br /> until such time that the property with the delayed assessment development and the <br /> delay assessment was paid. The "seed money" has been committed to assessment <br /> projects completed or budgeted in the FY 03 budget. The alternatives for financing <br /> <br /> . the delayed assessments anticipated for the projects in the CIP include: <br /> a. Use.transportation SDCs. This option will further constrain the transportation <br /> CIl'. This is the policy reflected in the draft CIP. <br /> ?6~ <br /> b. Set aside an additional $~million of the $4 million Bond Reserve Fund. This is <br /> . the recommended policy. <br /> Transportation CII' Assumptions <br /> 1. TSMF funds will be allocated to the following general categories per the direction of <br /> the Budget Committee: <br /> a. Street and Alley Preservation $8,500,000 <br /> b. Bicycle System Preservation and Maintenance $405,000 <br /> <br />