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Special Assessment Capital Projects Fund (Assess)' <br />Source: Property owner payments. <br />Assessment projects are typically street, sidewalk, and wastewater or stormwater <br />improvements initiated by property owners or City Council action. The City issues short-term <br />debt to fund construction costs. After the construction, the short-term debt is paid from the <br />proceeds of assessment bonds. The debt service on assessment bonds is, in turn, paid through <br />' assessments that are levied on the property receiving benefits from the project improvements. <br />i__~ <br />stormwater & Wastewater Utilities Fund (stormwater & Wastewater) <br />,. <br />Source: stormwater and wastewater user fees and charges. <br />Projects using these funds are wastewater and stormwater improvements in developed areas <br />and the construction of major trunk sewers and .storm drainage systems.. Capital projects <br />budgeted in the stormwater Fund and the Wastewater Fund are funded by separate user fees <br />for each system. User fees are established annually to cover both operating and_ capital <br />_l budgets for these uti I ities. . <br />Systems Development Capital Projects Fund -Transportation, stormwater, <br />Wastewater and Parks (Parks SDC, Storm SDC, Trans'SDC, Waste SDC) <br />Source: Systems Development Charges (SDCs) for transportation, stormwater, <br />wastewater and parks. <br />Capital projects using these funds include improvements to streets, wastewater lines and pump <br />stations, stormwater management, and parks. Facilities partially or wholly financed by this <br />fund provide for capacity needs created by new development (e.g., arterial/collector streets, <br />trunk systems, etc.). System Development Charges are based on a formula related to the cost <br />of providing increased capacity in City services to serve new development. <br />Wetlands Mitigation Bank Fund (Wetland) <br />Source: Revenues from the sale of "mitigation credits" to developers.. <br />Note: The parentheses indicate the name of column headings on funding tables. <br />', City of Eugene.. 1998-2003 Capital Improvement Program <br />Appendix 11-List of Funding Sources <br />83 <br />