12/15/1986 Meeting (2) - Laserfiche WebLink

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. M I NUT E S e Eugene City Council City Council Chamber December 15, 1986 7:30 p.m. COUNCILORS PRESENT: Richard Hansen, Cynthia Wooten, Jeff Miller, Emily Schue, Roger Rutan, Ruth Bascom. COUNCILORS ABSENT: Debra Ehrman, Freeman Holmer. The adjourned meeting of December 10, 1986, of the Eugene City Council of Eugene, Oregon, was called to order by His Honor Mayor Brian B. Obie. I. PUBLIC HEARING: AIRPORT FINANCING City Manager Micheal Gleason introduced the item. Dave Whitlow gave the staff report. He said Mahlon Sweet Airport was completed in 1964. In 1972, the City Council authorized an airport master plan because it was apparent the facility would need to be expanded. The master plan was updated in 1979 when Eugene was no longer just a stop-over point for airline travel. Eugene had become an . origin and destination point. e Mr. Whitlow said the City and the Federal government have invested over $14 million in the airfield part of the airport since 1978. The improvements include access roads, runways, taxiways, a fire station and equipment, and jet parking. In addition, the Federal Aviation Administration (FAA) invested in new radar and navigational systems and a gO-foot control tower. Mr. Whitlow said now it is time to improve the airport terminal and parking facil ities. The $18.3 million proposal before the council will construct a new road circulation system, parking facilities, related infrastructure, and landscaping as well as a new terminal. He said two-thirds of the funding for the project has been identified. The FAA has committed $3.7 million and is expected to approve an additional $600,000, the State lottery program has provided $720,000, Lane County has allocated about $1.6 million, and the airlines have agreed to provide about $5.6 million. Mr. Whitlow said the Council Subcommittee on Airport Financing composed of Councilors Hansen, Ehrman, and Rutan recommended a project budget of $18.3 million for the expansion. They also recommended that private financing be sought for projects totaling $1.5 million and that the City's share of the project be financed with $1.1 million cash and revenues from Revenue-Backed General Obligation bonds. He said Eugeneans will vote on the bonds on March 31, 1987. The subcommittee recommended that the debt service on the bonds be paid with revenues from a property tax levy or by using capital budget funds and reducing the growth in the City's working capital. He sa i d the subcommittee never recommended using the operating budget to pay the debt service on the bonds. e MINUTES--Eugene City Council December 15, 1986 Page 1