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D. Costs <br />Capital Costs <br />Tables 3 and 4 provide cost estimates for the PROS facility <br />improvements identified in Table 1. These include: capital costs for <br />all projects, maintenance and operations costs for priority 1 projects, <br />and growth allocation percentages for the purpose of calculating <br />system development charges (sdc's) for priority 1 through 4 projects. <br />Growth allocation percentages allow the City to determine how <br />much of the individual project costs can be attributed to population <br />growth, These figures are used to calculate system development <br />charges. Table 3 is organized by improvement type and Table 4 is <br />organized by geographic planning area. All costs are in 2004 dollars. <br />Based on an assumption of a $20 million bond measure passing in <br />2006, and estimates of the amount of revenue available through <br />parks sdc's, grants and donations, the funding estimated to be <br />available for the first five years covered by the plan is $31.7 million or <br />approximately $6.3 million per year. For purposes of projecting <br />project timelines for the remaining 15 years covered by the plan, $8 <br />million per year is being assumed to be available for projects. This <br />totals approximately $152 million being available within the 20 year <br />planning window for the plan. This funding analysis revealed that <br />there are many more projects identified than can be implemented <br />within the 20 -year planning window. These projects are identified as <br />Priority 5 projects, Cost estimates are not provided for Priority 5 <br />projects. <br />Developing new capital projects will have a significant impact on the <br />City's parks and open space maintenance budget and will also <br />require budgeting for capital preservation and replacement costs in <br />the longer term. It is important that the City allocate sufficient <br />maintenance funding to protect, maintain and eventually replace <br />new capital investments. In addition to the maintenance costs of <br />new projects, this plan recommends that a minimum per unit <br />maintenance budget be developed based on a detailed <br />maintenance management plan for each park type. This analysis will <br />likely show a need for additional maintenance funding for existing <br />parks. <br />City of Eugene PROS Project and Priority Plan 5 <br />ITtroductin <br />