Item 2E: Resolution Placing PROS Bond Measure on Ballot

Home Browse Search

Young and Madison middle schools as its priority sites with Jefferson, Roosevelt, and Spencer Butte middle schools as subsequent candidates. Bethel has identified Willamette High School and two sites at Meadowview Middle School as candidates. One of the potential Meadowview sites would span portions of land owned by the district and by the City at the north end of Bethel Community Park. Assuming passage of the City bond measure and with 4J funding already identified, it is anticipated that at least three of the fields could be build within the next two years. However, the total number of additional synthetic turf fields that can be developed or their timing for construction is unknown at this time due to the uncertainty of when additional partnership funding would be available from the two districts. The City’s portion of annual maintenance costs for the synthetic fields is estimated at $15,000 per field constructed. Some of the proposed sites currently have restrooms that can serve the fields and others do not. Additional annual maintenance costs will be incurred by the City for locations where new restrooms are built to serve the fields or where existing restroom services are required to expand. The City share of the annual restroom maintenance cost is estimated to be approximately $10,000 per restroom. Recreation Division annual operating costs to schedule community use of the existing synthetic turf fields is approximately $3,000 per field. The City share of the annual lighting cost is approximately $4,000 per field. The City receives approximately $4,000 in rental and $2,000 in light revenue per field annually. The revenue potential of the proposed new fields is currently unclear. An evaluation of revenue potential will need to be conducted after locations are finalized. The range of future operating and program costs for the projects included in the bond measure is summarized in the table below. The total, ongoing costs for the sports fields are shown in a range, and will depend on the number of fields constructed and whether the fields have restroom facilities or lights. These costs represent a commitment of future General Fund resources. Maintenance and Program Costs Acquire Land for Future Parks $26,000 Acquire Natural Areas $65,000 West Eugene Wetlands $20,000 Education Center Artificial Surface Sports Fields $115,000 – $165,000 Total $226,000 - $276,000 The size of the bond measure would include not only the project costs, but also the costs for issuing debt. The cost of issuing a $25 million bond is $490,000 for a total bond of $25,490,000. The resolution to place this bond measure on the 2006 ballot is included as Attachment A. The estimated tax rate in the first year (FY08) would be $0.30 per $1000 of assessed value, while the average tax rate over the 20-year repayment would be $0.14 per $1000 of AV. The estimated cost to the median homeowner in the first year would be $44, while the average cost over the 20-year repayment would be $26. According to the Lane County Assessor’s Office, the median home had an assessed value of $137,961 as of this fiscal year. L:\CMO\2006 Council Agendas\M060508\S0605082E.doc