Laserfiche WebLink
èÛÚÐ× öÓÎÛÎÙÓÎÕíÌÈÓÍÎÉ÷ÆÛÐÇÛÈÓÍÎÙÍÎÈÓÎÇ×Ø <br /> <br /> <br />SourceAdvantages & Limitations <br />Local Improvement <br />Flexible in use for capital projects. <br />Districts <br />Can only be used where there are projects that <br />provide a special benefit to surrounding properties. <br />Sometimes difficult to foster public support. <br />General Obligation <br />Flexible in use for capital projects. <br />Bond <br />Not subject to the $10/$1,000 cap on general <br />government property taxes. <br />Voter approval is required, as for local option <br />levies. <br />Longer duration (usually up to 20 years). <br />Cannot be used for furnishings, fixtures, <br />equipment, or ongoing maintenance. <br />Limited capacity under the City’s debt policy. <br />Public/Government <br />Voter approval is not required. <br />Grant Programs <br />Wide range of grant programs provides funding for <br />a broad range of projects and activities. <br />Each source has specific eligibility requirements <br />and approval criteria. Matching projects to <br />appropriate grant sources is not always easy. <br />Application, project reporting, and grant <br />management requirements can be extensive for <br />some programs. <br />Usually there are matching requirements. <br /> Land Trusts <br />Limited to property protection or acquisition in specific <br />circumstances, usually for environmental reasons. <br />Some trusts own property, others only hold it short-term. <br />The City may have to eventually purchase the <br />property from the trust. <br />National Tree Trust <br />Only funds tree planting. <br />Lifetime Estates <br />Can make sales agreement more attractive to the <br />property owner. <br />Limited application. <br />May come with strings or requirements. <br />Exchange of <br />Limited application, since City must have property <br />Property <br />to exchange. <br />Only for property acquisition. <br /> <br /> <br />