I <br /> j <br /> Capital Needs. <br /> I <br /> Rehabilitation & Preservation of Existing Capital Assets <br /> As an asset ages, it requires preservation to protect or extend its useful life. If an asset is not <br /> preserved, it will deteriorate prematurely and its benefit to the community will be lost. In <br /> addition, recoristruction costs are frequently four to five times the cost of preservation and <br /> maintenance, particularly for street surfaces. As a result, the CIP reflects the broad direction of <br /> the City Council to preserve existing capital assets before they fall into such disrepair that <br /> <br /> ~ expensive rehabilitation or replacement is required. <br /> The City currently maintains a wide variety of capital assets (including municipal buildings, <br /> infrastructure, land, and equipment) and leased facilities. Examples of facilities maintained by <br /> the General Fund are: <br /> • Athletic fields, including softball, baseball & soccer fields <br /> • Bike paths <br /> • City Hall, including the downtown police station <br /> • Community & senior centers <br /> • Cuthbert Amphitheater <br /> ~ <br /> • Fire stations <br /> • Hult Center for the Performing. Arts <br /> • Jogging trails <br /> • Main and branch libraries <br /> • Neighborhood recreational facilities <br /> • Park equipment, fiunishings, picnic shelters, storage buildings, & restrooms <br /> • Park land and Ridgeline open space <br /> • Park office and maintenance complexes <br /> • Pedestrian bike bridges <br /> • Police/Fire training facilities <br /> • Police substations <br /> • Shelton-McMurphey House <br /> • Swimming pools <br /> • Tennis courts <br /> Dedicated Funds are used to maintain other facilities, including the following examples: <br /> • Airport <br /> • Atrium Building <br /> • Bike lanes and on-street bicycle routes <br /> • City offices used bynon-general fund staff <br /> • Parking garages ~ <br /> • Public Works maintenance facility <br /> • Public Works office building <br /> City of Eugene 2004 - 2009 Capital Improvement Program <br /> Page 8 <br /> _ _ _ _ _ <br /> <br />