Item 5: FY2010-15 Draft CIP and attA

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ATTACHMENT A Staff Recommended Changes Staff has compiled a list of recommended changes to the Draft FY 2010-15 CIP. These changes were approved by the City of Eugene Budget Committee on January 28, 2009. Section/Project Title Page Draft FY10- FY15 CIP Changes Debt Capacity - Overview p. 27 Change the first sentence of the second paragraph to read “The City has used only about 6% of its more than $678 million of legal debt capacity for general obligation bonds as of June 30, 2008.” Debt Capacity - Overview p. 27 Change net direct debt as a percentage of real market value (row 1 of the Debt Affordability Ratios table) from 0.2% to 0.25%. Debt Capacity - Overview p. 27 Change percent of net direct debt retired within 10 years (row 2 of the Debt Affordability Ratios table) from 84% to 90%. Debt Capacity - Overview p. 27 Change annual debt service on all General Fund- backed debt as a percent of General Fund expenditures (row 3 of the Debt Affordability Ratios table) from 2.9% to 2.8%. Debt Capacity – Projected p. 28 Change the first sentence of the first paragraph to Debt Burden read “As of June 30, 2009, there will be about $165 million of additional capacity for debt issuance within the policy limits.” Financial Summaries Table of p. 29 Change page footer to read “City of Eugene 2010- Contents 2015 Capital Improvement Program”. Airport Table of Contents p. 61 Change page footer to read “City of Eugene 2010- 2015 Capital Improvement Program”. Neighborhood and p. 98 Change the Parks SDC portion of the project funding Community Park Acquisition as follows ($ in thousands): 2010 2011 2012 2013 2014 2015 Total $360 $330 $730 $735 $0 $0 $2,155 Ferndale Park Development p. 99 Change the Parks SDC funding for this project as follows ($ in thousands): 2010 2011 2012 2013 2014 2015 Total $0 $0 $0 $0 $0 $438 $438 Z:\CMO\2009 Council Agendas\M090223\S0902235.doc