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Transportation Fundin Identified <br /> g <br /> Preservation and Maintenance <br /> Pavement Preservation Program -Funding for Project Backlog <br /> Project Description: By the end of 2007, the City's backlog of needed pavement preservation projects had <br /> grown to over $173 million. In May 2007, 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 component) 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 (GO) bond. <br /> Based on that direction, afive-year GO bond was referred to the November 2008 ballot, and was <br /> <br /> .I subsequently approved by the voters. <br /> Project Status: Not Started In 2008-13 & 2010-15 CIP. In 2007-12, 2008-13, 2009-14 & 2010-15 MYFP. <br /> Specific Plans/Policies Related to this Project <br /> Council Goal -Transportation Initiative <br /> i <br /> Council Priority Issue <br /> Financial Management Goals and Policies <br /> Pavement Management Program <br /> ~ Capital Costs in thousands) <br /> Fund 2010 2011 2012 2013 2014 2015 Total <br /> 2008 Transportation Bond 6,500.- 6,810. 7,140 7,480 7,840 0 $35,770 <br /> Total $6,500 $6,810 $7,140 $7,480 $7,840 $0 $35,770 <br /> s <br /> Neighborhood: Citywide ~ . <br /> ` <br /> Ward: Citywide mot= ~ ~ <br /> sew, f~~ r ~ <br /> - <br /> a ~ ~,a;""""" <br /> Capital overlay in progress. <br /> City of Eugene 2010-2015 Capital Improvement Program <br /> 201 <br /> <br />