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<br /> j <br /> <br /> i <br /> The Stormwater system is planning for almost $15 million of improvements in this CIP. The <br /> projects include upgrades and capacity enhancements, restoration, new facilities, and acquisition <br /> of stream corridor land. <br /> Finally, the Parks & Open Space program is anticipating about $11 million of improvements <br /> during the CIP period. The projects include preservation and maintenance of existing parks, as <br /> well as acquisition of land for new parks to meet the demands of growth. <br /> Unfunded Projects <br /> Also included in the CIP are projects totaling over $253 million for which funding has not been <br /> identified. The Public Buildings & Facilities category includes $124 million of these unfunded , <br /> projects. The main projects in this category are construction of a Police Headquarters building <br /> and replacement of City Hall as described in the City's Downtown Space Plan. ' ~ <br /> The next largest category of unfunded projects is in Parks & Open Space. A total of $81 million , <br /> of needed projects has been identified to date, including acquisition of additional land for parks. <br /> The Mayor's Committee for Parks & Open Space will identify a number of funding priorities for <br /> a future bond measure as a part of its work on the Comprehensive Plan for Parks, Recreation and <br /> <br /> ~ Open Space. <br /> In addition to the Transportation projects with contingent funding described above, there - <br /> continues to be a significant need for additional transportation facilities. The CIP includes $43 <br /> million of unfunded projects that would upgrade and enhance capacity, as well as build new bike <br /> paths, collectors and other improvements. The Stormwater and Wastewater categories identified <br /> a total of $6 million of unfunded projects. These projects are mainly for construction of new <br /> capital facilities. <br /> Debt Capacity <br /> The City has used only a small portion of its legal debt capacity; however, it would be financially <br /> imprudent to issue debt to the legal maximum. The City's Financial Management Goals and <br /> <br /> I' Policies set an affordable level of debt. Based on the current polices, available debt capacity to <br /> fund projects proposed in the CII' is about $18 million over the six-year period. This amount is <br /> far less than the $253 million in proposed projects that are currently unfunded. ' <br /> r, <br /> CIP Development and Review <br /> burin the summer and earl fall of even n ered ear aff D IP sin in ut <br /> umb s st com ile the raft C u <br /> g Y Y P g P <br /> and re nests from a vane of sources includin nei hborhood ou s individual citizens <br /> q tY ~ g g p , ~ . <br /> adopted plans and policies, etc. The Draft CIP was published and made available to the public in <br /> late fall. Staff conducted a public open house to provide an opportunity for community members <br /> to become more familiar with the Draft CIP. Subsequent policy review and approval were <br /> achieved through a series of work sessions and public hearings held by the Planning <br /> Commission, Budget Committee and City Council. The CII' was adopted by the City Council <br /> <br /> ' City of Eugene 2004 - 2009 Capital Improvement Program <br /> Page 4 <br /> <br />