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Parks and Open Space General Obligation Bonds
CAPTION:
BONDS FOR PARKS, ATHLETIC FIELDS AND
PRESERVATION OF OPEN SPACE
QUESTION:
Shall City of Eugene acquire parkland, develop parks and athletic
fields by issuing up to $27,490,000 in general obligation bonds? If
the bonds are approved, they will be payable from taxes on
property or property ownership that are not subject to the limits of
sections 11 and 11 b, Article XI of the Oregon Constitution.
SUMMARY:
If approved, the proceeds frOln the sale of the bonds will be used
for costs related to the purchase of land for parks and open space,
and the construction and improvement of park facilities. Projects
anticipated to receive funding through the bonds include:
· purchasing land for neighborhood and community parks in
the Bethel, River Road/Santa Clara, south Eugene,
Willakenzie and Willow Creek areas
· purchasing land to expand Amazon Park and parkland in
front of the Shelton-McMurphey-Johnson House
· expanding and constructing park facilities at Golden
Gardens Park
· purchasing land for the preservation of natural open spaces
near the Ridgeline Trail, the Willamette River and
Gillespie Butte
· developing a West Eugene Wetlands Education Center in
partnership with other federal and local agencies
. refurbishing existing synthetic-surface ball fields, and
developing new fields and related facilities (such as
restrooms, lights and bleachers), in partnership with the
Eugene 4J and Bethel school districts.
Bond costs are estimated to average about $0.15 per $1000 of
assessed value per year over the life of the bonds.
00142819.DOC