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~ ~. . <br />In early January, a survey was conducted to determine the attitudes of likely voters towards the proposed <br />~ bond measure and other street funding sources. -Citizens were asked a series of questions about the <br />~ importance of street repairs versus other City services, the potential funding solutions and costs for the , <br />average taxpayer, and the relative importance of components of the street, bike and pedestrian <br />transportation system: A summary of the survey' results will be presented at this meeting so that the <br />council may use that information when considering how to structure the bond measure. <br />RELATED CITY POLICIES <br />The council's goals for 2007 include "Transportation Initiative: Develop mechanisms to adequately <br />fund our transportation system for cars, trucks, bikes and pedestrians including maintenance and <br />. preservation and capital reconstruction." <br />COUNCIL OPTIONS <br />The City Council has before it several policy decisions related to the size of the measure; restrictions.on <br />uses of the revenue and timing for the ballot measure: . <br />• Measure size: The council recommended $6.5 million of spending in the first year, adjusted for <br />inflation; for a total measure of $81 million. The City Council could choose a different amount <br />for the bond measure. Attachment C includes the effect on taxpayers from different bond <br />amounts. <br />• Project list: A proposed project list to be included in the measure is provided as Attachment A. ~ <br />The council could modify the project list or adopt other measure language as deemed <br />appropriate. ~ . <br />• • Timing of the ballot measure: Current direction is for a May measure. The council could <br />reconsider placing this issue on the ballot for the November 2008 election, based on factors <br />previously outlined. <br />CITY MANAGER'S RECOMMENDATION ~ . <br />The City Manager recommends that a GO Bond measure to fund $8lmillion of pavement capital <br />preservation projects ($6.5 million plus inflation annually) over 10 years should be prepared for the May <br />2008 ballot. The resolution placing the measure on the ballot should include a high profile project list <br />and incorporate any additional language as directed by the council at this meeting. <br />SUGGESTED MOTION <br />Direct tlie City 1Vlanager to bring a resolution placing an $81 million GO bond measure on the May 2008 <br />ballot, consistent with the proposed project list included as Attachment A. <br />ATTACHMENTS <br />A: Proposed List of High Profile Projects to be Included in the Bond Measure <br />B. Map of High Profile.Projects Included in Bond Resolution <br />C. Impact on Taxpayer from Different Bond Amounts <br />• <br />City Council Agenda page 9 F:\CM0~2008 Council AgendasVvt080128\5090128B.doc <br />