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Attachment G (cont.) <br />Central Services <br />Financial Services <br />Budget Office <br />City of Eugene <br />th <br />100 W. 10 Avenue, Suite 400 <br />M <br />Eugene, Oregon 97401 <br />EMORANDUM <br />(541) 682-5021 <br />(541) 682-5802 FAX <br />www.ci.eugene.or.us <br />Date: February 7, 2007 <br />To: Budget Committee Members <br />From: Kitty Murdoch, Budget Manager, 682-5860 <br />Subject: <br /> Additional Responses to questions asked during your January 17, 2007 meeting <br />The remaining responses to the questions asked in your last meeting are attached. I have also <br />attached an updated question master list as two questions were left off the list distributed last <br />week. <br />2. Bettman Isn’t the Whole Foods Garage project dead? Wasn’t there CS-Finance <br />some Library or General funds used that should be returned? PDD-Parking <br />E-mail: On page 159, $8 million for the Parking Structure <br />Siting Design and Construction which should be deleted from <br />the plan now that the development project is void. If we need a <br />motion to remove; please provide the language. How will the <br />remainder of the garage funding package be reallocated? <br />Funding for the garage project came from the Riverfront Urban Renewal District, the Facility <br />Reserve, the Library Debt Service Reserve and Stormwater funds. <br />After taking into account all of the expenses incurred to date on this project, the funds that <br />originally came from the Riverfront Urban Renewal District will be returned to the district and <br />put into balance available to be used for other projects in the future. As a reminder, Riverfront <br />Urban Renewal District funds may only be used for projects contained in the urban renewal plan, <br />and for projects within the district boundaries. <br />The Facility Reserve funds will be returned to the Facility Reserve to be used for the City Hall <br />Complex project. The Library Debt Service Reserve money will be returned to the General <br />Fund, which is the original source of those monies, and will become part of the Reserve for <br />Revenue Shortfall. <br />As part of the return of these monies, all funds will be allocated a pro-rata share of interest <br />earnings that accrued while they were in the parking funds awaiting this garage project. All of <br />these transactions will occur in the FY08 budget. <br />