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CE,O|CFFS|M2016
<br />ITY OF UGENEREGON ONSERVATION INANCE EASIBILITY TUDY AY
<br />Portland11/4/2014Bond for park improvements and upgrades$68,000,000 74%
<br />Bend Park and
<br />Bond to protect natural areas, connect trails, improve
<br />11/6/2012$29,000,000 52%
<br />Recreation Districtparks and provide water safety
<br />Willamalane Park Bond for the acquisition and improvement of parks,
<br />and Recreation 11/6/2012trails, watersheds, wildlife habitat and other natural $20,000,000 53%
<br />Districtareas
<br />Tigard11/2/2010Bond for the acquisition of parkland$17,000,000 52%
<br />Cannon Beach5/19/2009Bond for the protection of Ecola Creek watershed$4,000,000 51%
<br />Tualatin Hills Park
<br />Bond for new parks, land acquisition, trails, and facility
<br />and Recreation 11/4/2008$100,000,000 51%
<br />renovation
<br />District
<br />Bond to preserve natural areas, and protect water
<br />Metro-Portland11/7/2006$227,400,000 59%
<br />quality, fish and wildlife habitats
<br />Eugene11/7/2006Bond to acquire parks and open space$27,490,000 59%
<br />Measure 3-93; Bond for parks, open space and
<br />Lake Oswego11/5/2002$9,750,000 58%
<br />pathways
<br />Corvallis11/7/2000Bond issue for open space acquisition$7,900,000 65%
<br />Roseburg11/3/1998Bonds for parks and trails$2,500,000 55%
<br />Measure No. 3-20, Bond for open space, sports field
<br />Lake Oswego11/3/1998$13,000,000 60%
<br />renovation
<br />Ballot Measure 20-30, Bond for Parkland Acquisition,
<br />Eugene11/3/1998$25,305,000 67%
<br />Sports Field, Swimming Pool
<br />West Linn11/3/1998Measure 3-37, Bond for Parks, Recreation$8,000,000 51%
<br />Lincoln City11/3/1998Bond measure for open space acquisition$3,000,000 52%
<br />Source: The Trust for Public Land's LandVote Database
<br />Eugene’s outstanding indebtedness from voter approved general obligation bonds totaled $19
<br />million at the end of Fiscal Year 2015. The city’s general obligation debt is rated “Aa1” by
<br />Moody’s Investors Service, indicating strong credit and low risk. The State of Oregon limits debt to
<br />3 percent of real market value. However, the City of Eugene has debt policiesthatfurther limit the
<br />available debt capacity in order to reflect a
<br />more affordable level of debt that could be
<br />Real Market Value$22,488,946,078
<br />issued. The Budget Committee and city
<br />Debt Capacity -1% of Real Market Value$224,889,461
<br />council have adopted debt guidelines that
<br />Outstanding Debt($18,990,300)
<br />limit net direct debt to 1 percent of real
<br />Debt reserve$354,949
<br />market value.The table to the rightdepicts
<br />Net Debt Subject to 1% limitation($18,635,351)
<br />the city’s debt capacity and indicates the
<br />Marginal Capacity$206,254,110
<br />amount of marginal capacity available.
<br />Source: City of Eugene, FY2016 Budget, FY2015
<br />Eugene has ample capacity to issue bonds Comprehensive Annual Financial Report
<br />under the debt limits.
<br />TTPL::CFD15
<br />HE RUST FOR UBLIC AND ONSERVATION INANCE EPARTMENT
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