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• Illustrate unmet capital needs based on anticipated funding levels, and; <br />• Provide a two-year plan for capital improvements which can be used in preparing the <br />Capital Budget for the coming two fiscal years. <br />Project Categories <br />Eugene's CIP involves the following project and program areas, each of which is discussed in <br />detail in the subsequent section: <br />• Airport <br />• Building & Park Facilities <br />• Stormwater <br />• Transportation <br />• Wastewater <br />Some projects preserve and maintain existing facilities. Others address the geographical areas <br />in which the City is expected to grow and are intended to respond to that growth. Finally, <br />some projects .enhance facilities that are used by citizens from all areas of the city. <br />Qualifying Criteria <br />Capital projects must meet one or more of the following criteria to be included in the CIP: <br />1. Implement Council-adopted plans and policies, including the Financial Management <br />Goals and Policies and the Growth Management Policies, <br />2. Address health and safety needs, reduce City liability, or improve access to City <br />facilities by those with disabilities (address Federal Section 504 requirements); <br />3. Maintain existing assets or improve the efficiency of City operations; <br />4. Improve revenue potential or enhance existing programs; <br />5. Respond to a request from a neighborhood group, citizen, government entity, or City <br />advisory group; <br />6. Be funded from within current and/or projected revenue streams (including additional <br />operating requirements). <br />Capital Needs <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, reconstruction costs are frequently four to five times the cost of preservation and <br />maintenance. As a result, the CIP reflects the broad direction of the City Council to preserve <br />existing capital assets before they fall into such disrepair that expensive rehabilitation or <br />replacement is required. <br />City of Eugene 2002-2007 Capital Improvement Program <br />Page 4 <br />