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CHAPTER V <br />PLAN IMPLEMENTATION <br />This chapter describes potential financing sources for Plan ~ -~~ ~~ <br />improvements. It identifies costs related to priority capital ~,,'` <br />~ , . <br />improvements and increased maintenance needs. It also identifies ' <br />= ` ~~ <br />costs for priority programs and non-capital projects. -~ <br />~^ x <br />This implementation plan allows for flexibility in funding Plan '~ , .~ ~; <br />"~ <br />~ ~'' ~' <br />improvements. In the past, the City of Eugene has demonstrated ~ <br />fiscal responsibility. The City has taken advantage of opportunities to _ °~''` ' <br />acquire additional parks, build high-quality facilities, and improve <br />~ <br />recreation services. The City has also been effective at identifying . <br />3 <br />and successfully pursuing a variety of financial resources to assist in ., <br />~ <br />' y <br />funding projects. For example, two local option levies funded ./ <br />~ T <br />~ <br />recreation activities and programs for youth, and a 1998 Parks and ~~'° ~ , <br />° <br />Open Space bond provided funding for a number of park projects, ~ <br />including the renovation of Amazon Pool, upgrades at 19 athletic ;,, - <br />~ " ~~ <br />fields, the development of three sports parks, and the acquisition of 6 ~%, <br />twelve neighborhood park sites. Other projects that utilized a variety <br />of other funding sources include the West Eugene Wetlands and <br />maintenance of landscaped medians. <br />It is recommended the City continue to pursue diverse funding sources <br />to implement identified priority improvements. This means <br />investigating all available funding options, maintaining and expanding <br />general fund support, aggressively seeking grants, partnerships and <br />donations, and being prepared to act on opportunities when they <br />arise. The Comprehensive Plan is an important step in this effort. <br />A. Financing Sources <br />There are a number of possible financing sources for programs, non- <br />capital projects, and parks and facilities acquisition, development, <br />and maintenance. Most sources are limited in scope and can only be <br />used to fund specific types of projects or improvements. Advantages <br />and limitations for the financing sources listed below are summarized <br />in Table 3. <br />^ General Fund: Park and recreation services are funded within <br />the City's General Fund, which receives its revenue primarily <br />from property taxes, but also includes grants, fees and charges. <br />The General Fund is the primary source of funding for ongoing <br />parks maintenance. <br />^ System Development Charges: Since T991, the City of Eugene <br />has charged new residential development a systems <br />development charge (SDC). SDCs are an important source of <br />funding for the acquisition and development of new parks and <br />open space areas. Since SDCs are paid for by new residential <br />City of Eugene PROS Comprehensive Plan 83 <br />Draft <br />