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<br />Suzanne Arlie Park 316 acres <br />Natural Area Parks 569 acres <br />Total 906 acres <br /> <br /> <br />How much bonding authority is left in the 2006 PROS Bond? How has the 2006 PROS Bond money been <br />spent so far? <br /> <br />Category Original Expended to Remaining Acquisitions in <br />Allocation Date Authority Progress <br />Neighborhood Parks $10,500,000 $3,030,000 $7,470,000 $2,240,000 <br />Community Parks <br />Suzanne Arlie Park <br />Golden Gardens $2,000,000 $2,000,000 $0 $0 <br />Park <br />Natural Areas $7,750,000 $5,800,000 $1,950,000 $0 <br />Synthetic Sports $5,000,000 $4,450,000 $550,000 NA <br />Fields <br />West Eugene $1,750,000 $0 $1,750,000 NA <br />Wetlands Education <br />Center <br />Totals $27,000,000 $15,280,000 $11,720,000 $2,240,000 <br /> <br />As shown in the table above, neighborhood and community park acquisitions in progress total $2.24 <br />million. This includes a Purchase and Sale Agreement that was recently signed for a 4.9 acre <br />neighborhood park in southwest Eugene, which will cost just under $1,000,000. This acquisition is <br />planned to close in fall of 2013. Other pending acquisitions are in negotiation, but have not <br />progressed to the point of a signed Purchase and Sale Agreement. <br /> <br />Does POS have the capacity to spend all the acquisition money in the 2006 Bond in the next five to ten <br />years? Staff has concerns about the prospects for spending all of the Bond funds in each of the project <br />categories within a 5-10 year period, which we would like to discuss with the Council in more detail at a <br />future work session on that specific topic. <br /> <br />Responses to Council Questions – October 24, 2012 <br /> <br />Page 2 <br />