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CC Minutes - 01/28/98 Work Session
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CC Minutes - 01/28/98 Work Session
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City Council Minutes
Meeting_Type
Work Session
CMO_Meeting_Date
1/1/1998
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Mr. Laue asked why actual population growth data and not projected figures, why forecasted <br />needs were based on the Federal Consumer Price Index, and why such conservative investment <br />interest rates were used in calculating SDC rates. Ms. Elmer replied that responses to Mr. <br />Laue's questions would be provided. <br /> <br /> 3. Wastewater Funds <br /> <br />Mr. Svendsen referred to information regarding the Wastewater Fund distributed with the agenda <br />of the meeting. He explained that funds for operation of the Wastewater Treatment Facility were <br />managed by the intergovernmental Metropolitan Wastewater Management Commission <br />(MWMC). He said that holding rates constant would likely create funding issues in Fiscal Year <br />2002. <br /> <br />In response to questions from Ms. Swanson Gribskov and Ms. Taylor, Mr. Svendsen explained <br />how wastewater fees collected by the Eugene Water & Electric Board were a combination of <br />MWMC and City charges. He said the MWMC portion of the fee had increased in recent years <br />and that they were currently anticipated to provide adequate operational resources for the <br />foreseeable future. He said all anticipated capital expenditures were included in current City <br />fees. <br /> <br /> 4. Airport Fund <br /> <br />Airport Manager Mike Boggs distributed copies of a document entitled "Airport Fund (510) Six- <br />Year Financial Forecast Summary--January 27, 1998." He said the document summarized <br />information distributed with the agenda of the meeting. He reviewed the document which <br />indicated that 55 percent of airport revenue came from passenger and airline fees, that revenue <br />generated was growing faster than operational expenses, and that fees charged to airlines at the <br />Eugene Airport were approximately 20 percent below the national average. <br /> <br />In response to questions from Mr. Lee, Ms. Swanson Gribskov, and Mayor Torrey, Mr. Boggs <br />explained that the Federal Airport Improvement Program (ALP) had historically largely financed <br />capital improvements at the airport, that 20-year bonds which financed previous expansion of the <br />airport were approximately one-half repaid, and that the proposed parallel runway would be <br />delayed until aircraft operations required additional runway capacity. <br /> <br />In response to questions from Mr. Meisner, Mr. Boggs explained that airport costs were relatively <br />unchanged over the years, were down when compared to inflation adjustments, and that the <br />number of employees per passenger use of the airport was down. <br /> <br />Mr. Meisner asked why taxpayers were paying for airport expansion bonds. Ms. Andersen replied <br />that it was clear that the expansion would be paid by General Obligation bonds at the time they <br />were approved by voters. She said that the City Council had begun to seek alternate ways to pay <br />for the bonds before circumstances changed as the result of the passage of Ballot Measure <br />47/50. She said the council had not given direction to eliminate the airport debt and that there <br />had been a strong commitment to appropriate airport maintenance and operational <br />improvements. <br /> <br />MINUTES--Eugene City Council January 28, 1998 Page 3 <br /> 11:30 a.m. Lunch Work Session <br /> <br /> <br />
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