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CHAPTER V <br />Table 3: Financing Options Evaluation (continued) <br />•. ..- <br />Revenue Bonds Voter approval is usually not required <br />unless 5% <br /> , <br />or more of electors file a petition for a vote. <br />^ Limited projects qualify. <br />^ Can only be used for a facility that generates <br /> enough revenue to pay off the bond plus the <br /> interest.- <br />^ If revenue falls short, the City must make up the <br /> shortfall through the General Fund. <br />Certificates of Voter approval is not required. <br />.Participation Must generate enough revenue to pay off the <br /> facility. <br />^ Interest rate can be high. <br />^ Public/private partnership. <br />PubliGGovernment No interest costs. <br />Grant Programs Voter approval is not required. <br />^ Wide range of grant programs provides funding for <br /> a broad range of projects and activities. <br />^ Each source has specific eligibility requirements <br /> and approval criteria, and matching projects to <br /> appropriate grant funding sources is not always <br /> easy. <br />^ Application, project reporting, and grant <br /> management requirements can be extensive for <br /> some programs. <br />^ Usually there are matching requirements. <br />Private Grants and Wide range of foundations provides funding for a <br />Foundations broad range of projects and activities. <br />^ No interest costs. <br />^ Voter approval is not required. <br />^ Requires continued monitoring to keep current with <br /> opportunities. <br />^ Each source has specific eligibility requirements <br /> and approval criteria, and matching projects to <br /> appropriate funding sources is not always easy. <br />^ Some sources do not provide grants to government <br /> agencies. <br />^ Highly competitive. <br />^ Funds may come with conditions (such as naming <br /> a facility). <br />City of Eugene PROS Comprehensive Plan 91 <br />Draft <br />