New Search
i <br /> The Stormwater system is planning for over $7.7 million of improvements in this CIP. The <br /> restoration effort includes a partnership with the U.S. Army Corps of Engineers and other metro - <br /> <br /> .1 agencies to complete projects that may include restoration of portions of Amazon Creek and <br /> r salmon habitat restoration. Also included are restoration and enhancement of the wetlands in <br /> West Eugene. <br /> Finally, the Parks & Open Space program is anticipating about $13 million of improvements <br /> j during the CIP period. Because the Mayor's Parks, Recreation, and Open Space Comprehensive <br /> ' Plan (PROS) Committee is still developing its recommendations, the CIP does not include any <br /> unfunded projects. The complete list of Parks and Opens Space CIP projects will be included in <br /> future CIP documents. ~ <br /> ~ Unfunded Projects <br /> Also included in the CIP are projects totaling $202 million for which funding has not been <br /> identified for the FY06 - FY11 period. The Public Buildings & Facilities category includes <br /> ~ $160 million of these unfunded projects. The largest project in this category is the consolidation <br /> of general City services in the City Hall Replacement project which is still under active <br /> consideration by the City Council. In addition, staff has identified another $59 million in <br /> unfunded future projects in Stormwater, Wastewater, and Transportation projects in FY12 and <br /> ~i beyond. These projects are shown in this document to alert policy makers to funding gaps and <br /> future needs identified by City staff and adopted plans. <br /> The CIP includes approximately $72 million of unfunded transportation projects that would <br /> upgrade and enhance capacity and preserve and maintain existing assets, as well as build new <br /> bike paths, collectors and other improvements. The Stormwater and Wastewater categories <br /> identified a total of approximately $29 million of unfunded projects. <br /> Debt Capacity <br /> The City has used only a small portion of its legal debt capacity; however, it would be <br /> financially imprudent to issue debt to the legal maximum. Updated in 2004, the City's Financial <br /> Management Goals and Policies set an affordable level of debt. Based on the current policies, <br /> available debt capacity to fund projects proposed in the CIP is about $100 million through FY11. ' <br /> I <br /> CIP Development and Review <br /> i <br /> During the summer and early fall of even numbered years staff compiles the Draft CIP using <br /> input and requests from a variety of sources, including neighborhood groups, individual citizens, <br /> and adopted plans and policy documents. The Draft CIP is published and made available to the <br /> public in late fall. <br /> Following review of the CIP by the Planning Commission and the Budget Committee, and <br /> adoption by the City Council, the projects become the basis for preparation of the City's Capital <br /> Budget for the next two years. <br /> j City of Eugene 2006 - 2011 Capital Improvement Program <br /> 2 <br /> <br />