Item C: General Obligation Bonds for Street Maintenance

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another $0.5 million to the capital local option levy instead of allocating this amount to a solid waste collection surcharge. In addition, the subcommittee recommended and the council agreed that $350,000 of that amount should be allocated each year for bike and pedestrian path capital preservation. On December 10, 2007, council discussed a property tax approach to funding pavement capital preservation. Staff presented an approach using a short-term General Obligation (“GO”) bond. Council directed the City Manager to “bring a proposal to a future council work session for a GO Bond measure to fund $81 million of pavement capital preservation projects over 10 years within an appropriate timeframe to place the question on the May 2008 ballot. The proposal should include ballot measure language that provides for both a list of high priority pavement capital preservation projects and appropriate flexibility for planning activities and changing pavement capital preservation project priorities.”