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Item C: General Obligation Bonds for Street Maintenance
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Item C: General Obligation Bonds for Street Maintenance
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6/9/2010 1:18:55 PM
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6/6/2008 9:34:12 AM
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6/9/2008
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<br /> <br />CITY MANAGER’S RECOMMENDATION <br />The City Manager recommends that a November 2008 GO Bond measure to fund $81.1 million of street <br />and off-street bike and pedestrian path preservation projects over 10 years should be prepared for con- <br />sideration at the July 28 council meeting. The projects included in the measure should be consistent <br />with the initial project list included in Attachment C, as refined to consolidate street segments into <br />logical engineering projects, and a Department Advisory Committee should be formed to oversee future <br />project implementation. <br /> <br /> <br />SUGGESTED MOTION <br />Direct the City Manager to bring council a resolution placing an $81.1 million GO bond measure on the <br />November 2008 ballot, consistent with the initial project list in Attachment C and the draft resolution in <br />Attachment E. <br /> <br /> <br />ATTACHMENTS <br /> <br />A.Pavement Preservation Funding Action History <br /> <br />B.2008 Pavement Management Report; An Update on Asphalt Pavement Conditions and Programs <br /> <br />C.Initial List of Projects <br /> <br />D.Map of Initial Projects <br /> <br />E.Draft Resolution Placing the Measure on the Ballot <br /> <br />F.Impact on Taxpayer from Different Bond Amounts <br /> <br /> <br />FOR MORE INFORMATION <br />Contact: Sue Cutsogeorge, Financial Analysis Manager <br />Telephone: 682-5589 <br />Staff E-Mail: Sue.L.Cutsogeorge@ci.eugene.or.us <br /> <br /> Z:\CMO\2008 Council Agendas\M080609\S080609C.doc <br /> <br />
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