Item C: General Obligation Bonds for Street Maintenance

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sidewalks, on-street bike lanes, traffic signals, street lights, medians, traffic calming devices, and other integral parts of the street system. These efforts will be undertaken only to preserve existing elements, not to expand the capacity of the street system. In addition, the City will annually allocate not less than $350,000 of the bond proceeds to fund the overlay and reconstruction of existing off-street bicycle and pedestrian paths. G. A list of projects that the City expects to complete using the bond proceeds is attached as Exhibit A to this Resolution. The criteria for choosing these projects included: a) citizen input with respect to prioritizing major streets in need of reconstruction; b) scientific information about needed street preservation from the pavement management system; and c) geographic distribution of projects throughout the community to ensure all areas of the City receive a benefit from the bond proceeds. H. Over the life of the bond measure, pavement conditions or circumstances could change making it more prudent or cost-effective to spend funds on projects not anticipated at this time. In order to address changing circumstances, the City Manager will create a standing Street Preservation Advisory Committee to make recommendations to staff about the prioritization of projects to be undertaken with bond proceeds. The members of the Committee will be appointed by the City Manager and include a variety of stakeholders from various geographic areas of the City as well as members with expertise in road maintenance activities. City staff will take the recommendation of the Committee into account when preparing the annual street preservation project list. The City Manager will consult with the Committee before directing staff to undertake a pavement preservation project not included in the list attached as Exhibit A of this resolution. I. In order to promote accountability in the use of bond proceeds, the City Manager will contract with an outside auditor to prepare a written report on the use of the bond proceeds on a regular basis. The auditor will ascertain and report on whether the bond proceeds were used for the authorized purposes and in compliance with the restrictions set forth above. The City Manager will provide the report to the Council and the Street Preservation Advisory Committee and make the report publicly available. NOW, THEREFORE, based upon the above findings, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EUGENE, a Municipal Corporation of the State of Oregon, as follows: Section 1. A City election is called for the purpose of submitting to the qualified electors of the City a measure authorizing the issuance of a maximum of $81,100,000 of General Obligation bonds to fund preservation of streets and off-street bike and pedestrian paths. Section 2. The City Council orders this City election to be held in the City of Eugene, th Oregon, concurrently with the general election on the 4 day of November, 2008, in accordance with the provisions of Chapter 254 of the Oregon Revised Statutes, and the ballots shall be counted and tabulated and the results certified as provided by law. Resolution - 2