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<br />Skaters for Eugene Skateparks, has raised about $50,000 to date and the Downtown Rotary Club <br />indicates it has raised approximately $18,000. The original allocation of $292,000 of Park SDC funds is <br />still dedicated to the skatepark project. To date, approximately $140,000 of this Park SDC funding has <br />been used to pay for the planning, design and construction drawings for the project. A revised cost- <br />estimate for the project and new fundraising targets are currently being developed. Although the WJ <br />Skatepark design could be built in separate phases over time, the staff team and our partners support <br />building all four phases in 2013. Separate funding has already been appropriated for the replacement of <br />the restroom that will be displaced by the skatepark. Restroom construction would begin concurrent <br />with construction of the skatepark in 2013. <br /> <br />Capital Funding Options <br />Park SDC Funds and Additional Private Fundraising <br />Under this option, the capital costs for construction of the WJ Skatepark would be covered by: <br /> <br /> <br />Park SDC funds previously appropriated <br /> <br /> <br />Private funds raised to date <br /> <br /> <br />Additional Park SDC funds to be appropriated <br /> <br /> <br />Additional private fundraising <br /> <br />The additional Park SDC funds would be from un-appropriated funds in the current Park SDC balance <br />available. In the past couple of years, Park SDC revenues exceeded projections due to unexpected <br />growth in construction of multi-family dwellings, primarily in the vicinity of the University of Oregon. <br />The revenues received beyond the projected amounts have not been appropriated to projects through the <br />budget process. <br /> <br />Description of the process needed to utilize these funds: Un-appropriated funds in the Park SDC balance <br />available would be appropriated through the supplemental budget process. <br /> <br />Timing implications for utilizing these funds: The process for Supplemental Budget 1 is expected to <br />begin in early November and complete in December with council approval, which will allow adequate <br />time for the funding to be appropriated and available prior to bidding and construction in 2013. <br /> <br />Funding implications for other projects resulting from utilizing these funds: The Park SDC funds <br />suggested under this approach are not appropriated to any specific project, since these are excess <br />revenues above the projected amounts. Therefore, no other existing project will be impacted. <br /> <br />Other impacts and considerations resulting from utilizing these funds: The inclusion of significant <br />privately donated funds in the capital funding package will both benefit this project, and support future <br />public-private collaborations by showing another successful example. <br /> <br />This approach of appropriating additional Park SDC funds and raising additional private funds would <br />have these benefits: <br /> <br /> <br />Does not raise political or legal questions related to the funding source <br /> <br /> <br />Supports success of current and future public-private partnership efforts for park development <br /> <br /> <br />Does not take funding away from any previously authorized park project <br /> <br /> <br />Provides opportunity for new partners to contribute to a high profile community amenity <br /> <br /> <br />Does not take funding away from any non-park program or project <br /> <br /> <br />Allows the WJ Skatepark to be constructed in 2013 <br /> <br /> <br />S:\CMO\2012 Council Agendas\M121024\S121024B.doc <br />