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transportation Placeholder <br />'reservation and Maintenance <br />Pavement Preservation Program -Funding for Project Backlog <br />Project Description: The City's backlog of pavement preservation projects has grown to the current level <br />of over $100 million. In the absence of action to identify and secure new additional street preservation <br />funding, it is projected that this backlog will continue to grow to nearly $180 million within the next decade. <br />Staff estimate that current dedicated funding sources for pavement preservation (i.e., local gas tax, county <br />OTIA III revenue sharing, reimbursement transportation SDCs) will generate $3 to $4.5 million in ongoing <br />annual revenue. In 2001, the Citizen Budget Subcommittee on Transportation Funding recommended a <br />target revenue level of $9 million in annual ongoing pavement preservation funding to not only stablize the <br />growth in the backlog but also to begin to make significant progress in reducing this substantial future <br />community liaiblity. <br />Project Status: Not Started In FY07-12 MYFP. <br />Specific Plans/Polices Related to this Project <br />Pavement Management Program <br />TransPlan <br />Capital Costs ~$ in thousands) <br />Fund 2008 2009 2010 2011 2012 2013 Total <br />Fees 1,400 1,400 1,400 1,400 1,400 1,400 $8,400 <br />Transportation Utility 4,700 5,500 5,800 6,200 6,600 7,000 $35,800 <br />Total $6,100 $6,900 $7,200 $7,600 $8,000 $8,400 $44,200 <br />Neighborhood: Citywide <br />Ward: Multiple Wards <br />City of Eugene 2008-2013 Capital Improvement Program <br />221 <br />Pavement Preservation <br />