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natural areas, the summer/fa112004 issue contained profiles of park and open space volunteers and <br />benefactors, and an issue produced in February 2005 highlighted the findings and proposals for each of six <br />comprehensive plan districts in the city. All issues are available online at: www.ci.eugene.or.us/parks/news. <br />FINANCING PARKS AND OPEN SPACE BOND MEASURE PROJECTS <br />In 1998, voters approved $25.3 million* of General Obligation bonds for parks and open space projects. The <br />City issued the last of those bonds in May 2004. As of Apri12005, additional resources available for proj ects <br />include roughly $1.9 million in interest, and $61,000 in grants and donations, for a total of $27.2 million. <br />The current allocation of resources by category is as follows: <br />Category <br />Park Land Acquisition <br />Neighborhood Park Development <br />Community/Regional Parks <br />Sports Fields Upgrades <br />Ridgeline Park Expansion <br />Amazon Pool <br />Subtotal <br />1% for arts** <br />Bond Administration <br />Grand Total <br />Expenses (rounded) <br />$ 4.8 million <br />$ 3.7 million <br />$ 9.3 million <br />$ 0.8 million <br />$ 3.8 million <br />$ 4.4 million <br />$26.8 million <br />$ 0.1 million <br />$ 0.3 million <br />$27.2 million <br />*This total included roughly $300,000 in bond issuance costs. <br />**Note that some arts expenditures are included in major category expenses <br />The current allocation by category very closely matches the original plan from 1998, as illustrated below: <br />Planned Expenses By Category (November 1998) <br />,,, ~ Community/ <br />Ridgeline~-- ~ ~ Regional <br />15% ~ 29% <br />S <br />rt <br />Fi <br />ld <br />Neighborhood <br />Parks ` po <br />s <br />e <br />s <br />.,~ ~ E 3 /o <br />14% Acquisition <br /> 21% <br />Amazon Pool <br />18% <br />Planned Expenses By Category (April 2005) <br />Ridgeline_____~- <br />14% Community/ <br />Regional <br />Neighborhood 35% <br />Parks <br />14% <br />Sports Fields <br />Amazon Pools 3% <br />16% Acquisition <br />18% <br />ACTION <br />This report is being provided to Council as an information item. No action is required. For more <br />information, contact Public Works Director Kurt Corey at 682-5241. Copies of all POS periodic reports, <br />including this one, can be found at http://www.ci.eugene.or.us/parks/bond/bondreports.htm. <br />POS Periodic Update: 04/28/OS .............................................................................................................. . 8 <br />