Resolution No. 5254 - Laserfiche WebLink

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2.1.2 Existing System Valuation The Geographic Information System (GIS) was used to produce an inventory of existing arterial and collector roadways. The inventory included the necessary data to determine the replacement cost of each roadway segment, broken down into the following cost components: • Right of way • Pavement (rehabilitation and new construction costs) • Curb and gutter • Sidewalk • Bike lanes • Street lights • Traffic signals For roadways transferred to the City from other agencies, only the costs of recent reconstruction improvements are included in the system value, since the original construction was not funded by the City. Local streets are excluded from the reimbursement fee cost basis, as local streets are generally funded by developers or assessments. By excluding local street value, the reimbursement fee excludes prior contributions by existing users consistent with ORS 223.304(1)(a)(B). As for roadways, GIS data was used to develop an inventory of off-street bike and pedestrian facilities, as well as on- and off -system bridges. The current value of each facility was estimated by applying the growth in the Engineering News Record Construction Cost Index since the time of construction to the original facility cost. The existing system value for all facilities is reduced by estimated assessments and other funding sources (grants and contributions), to determine the net system value. These estimates are provided in the "Assessable Cost' and "Other Funding" columns on Table B-2. 2.1.3 Growth Share of Existing System Value (Reimbursement Fee Cost Basis) The reimbursement fee cost basis for roadways is determined by applying the existing system reserve capacity for growth within the planning period, (calculated by multiplying the net system value by the average reserve capacity for each road classification). For bridges, the growth share is assumed to be the system average reserve capacity (across all roadway classifications). The existing system value associated with active travel modes (bicycle and pedestrian facilities) is excluded from the reimbursement fee cost basis, as there is no reserve capacity. As is discussed later in Section 2.2.2.4, the planned level of service for bicycle and pedestrian facilities is higher than the existing level of service; therefore, the existing system facilities are not adequate to meet the needs of existing development (i.e., there is no reserve capacity for future growth). The reimbursement fee cost basis is provided in Table B-2. CITY OF EUGENE SDC METHODOLOGIES, APPENDIX B PAGE B-5