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l <br /> Tr~~1 ortat~o~ . <br /> r <br /> <br /> 'i <br /> Pr~s~:rva~~ior~ and ~al~ntanan~e <br /> Pavement Preservation Pro ram - Fund~n for Pro"ect Backlog <br /> g g <br /> Project Description: By the end of 2007', the City's backlog of needed pavement preservation projects had <br /> grown to over $1l3 million. In May 2001, the Council Subcommittee on Transportation Funding Solutions <br /> recommended a total yearly pavement preservation funding target of $18 million. Staff estimates that <br /> current funding sources for pavement preservation ~i.e., $0.05 local motor vehicle fuel tax and <br /> Transportation SDCs reimbursement components will generate about $3.3 million in revenue for FY10', <br /> dropping to $2.6 million in FY11 and out years. The Eugene Council has directed staff to move forward with <br /> efforts to begin to address the funding gap for pavement preservation with a general obligation ~G4~ bond, <br /> Based on that direction, afive-year G4 bond has been referred to the November 2408 ballot, this item <br /> represents the spending included in the bond measure. If the bond measure does not pass, the unfunded <br /> pavement preservation program need will increase by the amount of the foregone bond proceeds over that <br /> five-year period. <br /> Project Status: Not Surfed In 2008-13 & 2010-15 CIP. In 2001-12, 2008-13, 2009-14 & 2010-15 MYFP. <br /> Specific P1anslPolicies Related to this Project <br /> Council Goal -Transportation Initiative <br /> Council Priority Issue <br /> Financial Management Goals and Policies <br /> . <br /> Pavement Management Program <br /> Capital Costs in thousands} . <br /> 2010 2011 2012 2013 2014 2015 Total <br /> Fund <br /> Bond, Approved 6,540 6,810 1,140 7,480 1,840 0 $35,710 <br /> Total $6,540 $6,810 $1,140 $1,480 $1,840 $0 $35,710 <br /> . <br /> Neighborhood. Citywide `5 <br /> Ward. C~ ode <br /> ~ off. <br /> Capital overlay in progress. . <br /> City of Eugene 2Q~Q-2Q~5 capital lm~rvvement Program <br /> 198 . <br /> <br />