HomeMy WebLinkAboutResolution No. 4953
-= ~ -=--
g
COUNCIL RESOLUTION NO. 4953
A RESOLUTION CALLING A CITY ELECTION
ON NOVEMBER 4, 2008, FOR THE PURPOSE OF
REFERRING TO THE LEGAL ELECTORS OF
THE CITY OF EUGENE A MEASURE
AUTHORIZING THE ISSUANCE OF A
MAXIMUM OF $35,900,000 OF GENERAL
OBLIGATION BONDS TO FUND STREET
PRESERVATION PROJECTS.
PASSED: 6/2
v
REJECTED:
OPPOSED: Clark, Poling
ABSENT:
RECUSED:
CONSIDERED: July 28, 2008
o
RESOLUTION NO. 4953
A RESOLUTION CALLING A CITY ELECTION ON NOVEMBER 4,
2008, FOR THE PURPOSE OF REFERRING TO THE LEGAL
ELECTORS OF THE CITY OF EUGENE A MEASURE AUTHORIZING
THE ISSUANCE OF A MAXIMUM OF $35,900,000 OF GENERAL
OBLIGATION BONDS TO FUND STREET PRESERVATION
PROJECTS.
The City Council of the City of Eugene finds that:
A. Using the City's current 5-cent per gallon local gas tax and other dedicated
pavement preservation funding, the City has completed nearly $18.6 million in street
preservation work since 2002, including contracts in progress. Since 2002, the City has repaired
153 lane miles of streets through overlay, reconstruction and slurry seal treatments. Projects in
progress for 2008 include portions of 27th Avenue, Barger Drive, Chambers Street and
Roosevelt Boulevard.
B. The amount of funding for street maintenance and reconstruction has been
insufficient to keep up with deteriorating street conditions. The backlog of needed repair work
continues to grow in the face of rapidly rising construction costs and is currently $173 million.
Streets that have failed to the point of reconstruction create safety problems and cause vehicle
repair problems, make walking, biking or driving on the streets uncomfortable, interfere with
economic activity and diminish the quality of life.
C. In order to address the funding shortfalls with the City's street maintenance and
preservation program, the City Council determined that a General Obligation Bond measure
generating approximately $6.5 million in net revenues annually should be referred to voters. Of
that amount, the Council determined that $350,000 should be allocated each year for off-street
bike and pedestrian path preservation and repair.
D. The bond proceeds will be used to overlay or reconstruct the driving surface of
streets, as well as to preserve existing integral elements of the street such as curbs, gutters,
sidewalks, on-street bike lanes, traffic signals, street lights, medians, traffic calming devices, and
other integral parts of a street preservation project. These preservation efforts will be undertaken
only to preserve existing elements, not to expand the capacity of the street system. In addition,
the City will annually allocate not less than $350,000 of the bond proceeds to fund the overlay
and reconstruction of existing off-street bicycle and pedestrian paths.
E. A general obligation bond measure of $35.9 million would fund specific street
preservation projects over a period of five years. This amount represents 32 different projects
that would repair an estimated 70 lane miles of roads and approximately 3 miles of off-street
bike and pedestrian paths. The $35.9 million figure accounts for $6.5 million per year for five
years at an inflation factor of 4.8%.
F. The measure is expected to cost an average of $0.61 per $1000 of assessed value
each year for five years. For an average homeowner in Eugene, this would be about $102 per
year.
G. The criteria for choosing bond projects included: a) citizen input with respect to
prioritizing major streets in need of reconstruction; b) scientific information about needed street
rehabilitation and reconstruction from the pavement management system; and c) geographic
distribution throughout the community to ensure all areas of the City receive a benefit from the
bond proceeds. Bond proceeds will only be used for street preservation projects included in the
list of projects attached as Exhibit A to this Resolution. If all of the projects listed in Exhibit A
are completed and there are bond proceeds remaining, the Council may add other street
preservation proj ects to the list.
H. In order to promote accountability in the use of bond proceeds, the City Manager
will contract with an outside auditor to prepare a written report on the use of the bond proceeds
on a regular basis. The auditor will ascertain and report on whether the bond proceeds were used
for the authorized purposes and in compliance with the restrictions set forth above. The City
Manager will provide the report to the Council and make the report publicly available.
I. To further promote accountability and citizen involvement in street preservation
projects, the City Manager has advised that he intends to create a street repair review panel. The
street repair review panel will prepare a report, separate and distinct from the report prepared by
the outside auditor, documenting the City's use of the bond proceeds and noting whether the
bond proceeds were used in compliance with the terms of this Resolution. The City Manager
will provide the street repair review panel's report to the Council and make the report publicly
available.
NOW, THEREFORE, based upon the above findings,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EUGENE, a
Municipal Corporation of the State of Oregon, as follows:
Section 1. A city election is called for the purpose of submitting to the qualified electors
of the City a Measure authorizing the issuance of a maximum of $35,900,000 of General
Obligation bonds to fund street preservation projects and off-street bicycle and pedestrian path
preservation projects.
Section 2. The City Council orders this City election to be held in the City of Eugene,
Oregon, concurrently with the general election on the 4th day of November, 2008, in accordance
with the provisions of Chapter 254 of the Oregon Revised Statutes, and the ballots shall be
counted and tabulated and the results certified as provided by law.
Section 3. The City Recorder is directed to give not less than ten days' notice of the City
election by publication of one notice in the Register Guard, a newspaper published in the City
and of general circulation within the City.
Resolution - 2
Section 4. If approved by the electors, the proceeds from the sale of the bonds will be
used only for costs related to street preservation projects, off-street bicycle and pedestrian path
preservation projects and payment of bond issuance costs and not to expand the capacity of the
street system. The use of bond proceeds for street preservation projects will be limited to
projects included in Exhibit A to this Resolution unless upon completion of all the projects listed
in Exhibit A to this Resolution the Council adds other street preservation projects to the list in
order to utilize unspent bond proceeds. An outside auditor will report on whether the bond
proceeds were used in compliance with these limitations.
Section 5. This Resolution shall become effective immediately upon its adoption.
The foregoing Resolution adopted the 2{M~ i~~
-l Ci e rder --
Resolution - 3
Exhibit A
~ Pro"ect List for $35.9 Million ~
1 18TH AVE 510' EAST OF CHAMBERS CITY VIEW
2 18TH AVE HILYARD WASHINGTON
3 23RD AVE HILYARD PATTERSON
4 24TH AVE JEFFERSON CHAMBERS
5 ALDER BROADWAY 18TH AVE
6 BAILEY HILL RD 18TH AVE BERTELSEN
7 BLAIR BLVD 2ND AVE MONROE
8 BREWER GILHAM NORKENZIE
9 COBURG RD CRESCENT SOUTH ONRAMP BEL TUNE
10 COBURG RD 850' NORTH OF CAL YOUNG 450' NORTH OF 1-105 OFF RAMP
11 CONGER ST 7TH AVE 11TH AVE
12 CURTIS AVE 550' EAST OF NORKENZIE NORKENZIE
13 GILHAM RD HONEYWOOD ST CRESCENT
14 GOODPASTURE IS RD NORKENZIE RD DELTA HWY BRIDGE
15 GOODPASTURE IS RD BRIDGE OVER SLOUGH 1250' NORTH OF V ALLEY RIVER DR
16 HARLOW RD 1-5 COBURG
17 HILYARD ST E 24TH AVE 34TH AVE
18 PATTERSON E 13TH AVE 23RD AVE
19 PEARL 4TH AVE 200' NORTH OF BROADWAY
20 RAILROAD BLVD VAN BUREN CHAMBERS
21 RIVER RD HORN LN RAILROAD
22 RIVERVIEW ST SYLVAN 16TH AVE
23 RIVERVIEW ST FRANKLIN OFF RAMP 247' SOUTH OF FRANKLIN OFF RAMP
24 ROYAL AVE HWY 99 100' EAST OF WAITE ST
25 SILVER LN RIVER RD GROVE
26 TERRY ST 1100' NORTH OF AVALON ST ROYAL
27 V AN BUREN RR CROSSING BLAIR BLVD
28 WARREN ST BAILEY HILL TIMBERLINE DR
29 WILLAMETTE ST 306' NORTH OF 29TH AVE 180' SOUTH OF SPENCERS CREST
30 WILSON ST W 5TH AVE W 7TH AVE
31 AUGUSTA 16TH AVE 26TH AVE
32 TANEY ST BARGER MARSHALL
7/22/2008