05-10-17 City Council Agenda Packet

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Memorandum Appendix E Date: March 2, 2016 To: Railroad Quiet Zone Citizen Advisory Panel From: Mark Schoening, P.E., City Engineer Subject: Railroad Quiet Zone Potential Funding Sources for Implementation An outline of the potential funding sources that may be used to fund the capital improvements to implement a railroad quiet zone is shown on Attachment A. The document includes a description of each funding source and the impacts to existing city services if funds from a particular source are reprioritized to implement a railroad quiet zone. Below are three straw funding proposals for consideration by the Citizen Panel. The straw proposals assume a particular safety measure at each of the 10 crossings, even though the Citizen Panel has not yet reached a final recommendation for each crossing. Straw Proposal #1 Fund the entire Railroad Quiet Zone implementation through a general obligation bond at an estimated cost of $6,485,000. Straw Proposal #2 Fund the railroad quiet zone improvements at Pearl Street, High Street and Hilyard Street/8th Avenue through Riverfront Urban Renewal District funds at an estimated cost of $3,105,000. Fund the remaining seven crossings through a general obligation bond at an estimated cost of $3,380,000. Straw Proposal #3 Fund the railroad quiet zone improvements at Pearl Street, High Street and Hilyard Street/8th Avenue through Riverfront Urban Renewal District funds at an estimated cost of $3,105,000. Fund the closure of one crossing through an ODOT Rail or UPRR grant at an estimated cost of $100,000. For the remaining six crossings: Fund improvements within the street right-of-way with local gas tax funds at an estimated o cost of $642,500. Fund improvements within the railroad right-of-way with General Fund Capital funds at an o estimated cost of $2,187,500. Fund pedestrian improvements with 2012 Street Repair Bond Measure Bicycle and o Pedestrian Component funds at an estimated cost of $450,000. Attachment 20