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HomeMy WebLinkAbout12/15/1986 Meeting M I NUT E S e City Council Dinner/Work Session McNutt Room--City Hall December 15, 1986 5:30 p.m. PRESENT: Mayor Brian Obie; Richard Hansen, Cynthia Wooten, Jeff Miller, Emily Schue, Roger Rutan, Ruth Bascom, councilors; City Manager Mike Gleason; Assistant City Manager Dave Whitlow; Public Works Director Christine Andersen; Airport Director Bob Shelby; ASD Director Gary Long; Finance Director Warren Wong; Carol Calkins, Finance; Public Information Director Barb Bellamy; Doug Obletz, Public Works management consultant; Larry Douglas, Eugene Chamber of Commerce; Rob Bennett, Jim Boyd, Larry Shoop, guests. ABSENT: Debra Ehrman, Freeman Holmer, councilors. The adjourned meeting of December 8, 1986, of the Eugene City Council was called to order by His Honor Mayor Brian B. Obie. I. AIRPORT FINANCING Mr. Glec1son distributed summary minutes of the City Council Airport e Subcommittee meeting of December 12, 1986. He said the subcommittee had reviewed detailed costs of the airport construction project. He also said the proposed razing of the existing terminal building would be discussed'as part of a cost/benefit analysis. Mr. Whitlow said the subcommittee report had been mailed with packets on Friday. He said action on the airport was scheduled for the Wednesday noon meeting and would involve three issues: 1) project scope and budget; 2) financing of the City's share of the project (including the amounts, if any, of up-front cash and of referral to voters, along with sources of up-front fi nanci ng and annual debt service payments); and 3) the need for up to $300,000 in cash to keep the project on schedule and to carry design and administrative costs through March 31. Mr. Whitlow said the land portion of the project was scheduled to go out to bid in February, with work to begin in June. He said the terminal project was scheduled to begin in December. Mr. Whitlow said negotiations with the airlines indicated a latest airline share of $5.65 million. He said changes in the project budget were not recommended until a Circuit Court decision had been made on use of County road funds. He added that the hearing date on County road funds was December 29. Mr. Gleason said a final decision on the City share of airport costs could be postponed until January 12, when the ballot title had to be set. e MINUTES--City Council Dinner/Work Session December 15, 1986 Page 1 Mr. Rutan said the current task was to finalize a fair and reasonable proposal to submit to the community for a decision. He commended efforts to respond to - and follow through on community concerns. He noted that the City's share of airport financing was about $6 million, which was less than the amount spent on the Community Conference Center. Mr. Rutan said he expected debt service to be a key decision for the council, and he said he thought the annual debt service payment for the project could be funded internally, as proposed in the recommendation on page 3 of the agenda attachment. Ms. Wooten asked about Recommendation 1 on page 3, to pay the debt service with revenues from increased growth in working capital. Mr. Wong said the proposal would decrease growth in working capital from the forecasted increase of $500,000 per year to $200,000 per year. He said that would continue until the fund reached $7 million, and it thereafter would be increased only as necessary to meet cash flow requirements. He said the fund now contained $6.6 mill ion. Ms. Wooten said that $300,000 also might be applied to the shortfall that was forecast. Mr. Gleason said he recommended dealing with decisions on the operating budget separately from those on airport financing. Mr. Rutan said the feeling among subcommittee members was that the airport was a capital project, and if it was a priority, it should be funded out of the CIP. Ms. Schue said a General Obligation bond could be funded by a property tax outside of the 6 percent limitation. She said she expected the current council to continue whatever funding was decided upon, but future councils might act differently. Mr. Rutan asked about the extent the counci1 could go to in directing future council decisions. Mr. Gleason said an ordinance could be passed, or the charter could be amended, but future councils still could retract those actions. He also said the debt service on the airport had been e funded through a GO bond within the operating account of the airport for the past 15 to 20 years. Mr. Hansen said airport construction, but not operations, had been funded by an increase in property taxes. Mr. Gleason -- ...-~_'- said the first few years of the airport's existence may have been funded by a , property tax levy, but as soon as the airport was financially solvent, the GO debt service had been brought within the airport account. Mr. Hansen said he had suggested specifying some measurable item, such as the Pacific Northwest Bell tax revenue, as a funding source, but the subcommittee had not favored that idea. He said he thought future councils would be hesitant to overrule a commi tment on the project and he woul d favor a resolution to continue funding the airport as a priority until the debt was paid or could be covered by airport revenues. Mayor Obie agreed and suggested passing an ordinance requiring future councils to refer the item to the public for any change. Mr. Gleason warned against merging operating and capital issues because of the possibility that a future council might want to increase the operating levy of the City. Mr. Obie asked about the potential for enhancing the income stream from the airport, so that it could assume a larger portion of the burden over 20 years. Mr. Gleason said much of the income stream already had been included in financing plans. He noted that the project also would increase operating costs, and he said negotiations with the airlines did not separate capital and operating costs. He said he thought it would be overly optimistic to assume that any significant revenues would be available for debt service payments in e MINUTES--City Council Dinner/Work Session December 15, 1986 Page 2 the first five to eight years of operation. Mr. Gleason said some opportunity existed, but it probably was beyond prediction abilities. 4It Mr. Rutan showed a recent Business Journal article on the expansion of the Portland airport and said copies would be made available to councilors. He read portions of the article stating that the airport was a self-sustaining operation and that no tax dollars were needed to pay for improvements, which cost more than $11 million. According to the article, the Portland airport collects about $24 million a year in landing and concession fees, and Mr. Rutan noted that much of that was in cargo, whi ch he said was a great opportunity. He added that he had been told the only money-making projects for municipalities were airports and golf courses. Mr. Wong said the ordinance for the GO revenue-backed bond was proposed to state that the first funding source for debt service payment would be airport profits, the second source would be new revenue sources, the third was yet to be decided, and the fourth would be property taxes. Ms. Wooten suggested a combination of new revenues, such as a rental car tax or an increase in room taxes, and decreasing the amount to be taken from the capital budget, in order to spread the burden of the debt service. Mr. Rutan said new revenue sources would take too long to implement, and the subcommittee had wanted to keep the project on schedul e. He said the recommendation offered an overall strategy for paying the annual debt service. He said new revenue sources could be investigated between now and March, and if they proved workable, they could be incorporated into the overall strategy. Ms. Schue said she did not think issues could be resolved before March. Mr. ~ Rutan suggested placing a maximum cost of financing before voters, along with ~ a statement of the council.s intention to seek other funding opportunities. Mr. Hansen said a car rental tax would require annexation of the airport and would give Eugene one of the nation1s highest tax rates. Mr. Miller said he thought it would be better for voters and for the City of Eugene to dedicate funds to capital in a straightforward way. He said all revenues ultimately came from taxpayers. Ms. Schue said she favored making the airport the highest priority capital item and continuing to seek other sources of revenue. Ms. Bascom said she did not want to damage an already underfunded operating budget. She suggested pursuing regional sources of funds. Mr. Rutan said he thought it was important to inform voters about what they would be getting with the airport expansion. He said the airport already had a tremendous economic impact on the community, and the future impact could be even more substantial. He suggested including statistics on economic development opportunities and statements such as that by Atlanta Mayor Andrew Young, that the airport "was the best investment ever made in the community.1I Ms. Wooten said she was extremely uncomfortable with funding the debt service out of capital improvement projects over a period of 20 years. She said the CIP already was behind schedule, and she thought it was an error not to involve the public more clearly and seriously in the development of a voter package. She said she agreed that the airport needed improvement and was part of an economic development program, but the package being taken to voters was not the correct course. 4It MINUTES--City Council Dinner/Work Session December 15, 1986 Page 3 Mr. Hansen suggested that a proposed ordinance be prepared by Wednesday. Mr. Whitlow agreed to do that. - Ms. Schue said she did not necessarily agree completely with either Recommendation 1 or 2 at this point. Responding to Mr. Miller's concern, Mr. Hansen said the $1.1 million up-front money would not be taken from already-approved capital projects. Mr. Gleason said the $300,000 payment by March 31 would be used to prepare bid documents and was needed immediately in order to start work during this construction season and to avoid cost increases because of delays. Ms. Bascom asked whether plans to demolish the old terminal building and to use a temporary facility would change design documents. Mr. Gleason said staff recommended that the Airport Commission and the council not reopen the question of design. He said configuration of buildings after negotiations had left less space for staging than originally had been hoped for. He said a cost/benefit analysis was being made to determine the best way to proceed. Mr. Whitlow said no plan or need existed to redesign the project because of the proposed single-phase construction. Ms. Bascom asked about possibilities of alternate funding sources, such as a toll booth and car rental tax. Mayor Obie said the idea of a toll booth had received a negative response from subcommittee members and others, which he attributed mainly to inconvenience. He also said he thought the County had pre-empted the idea of a rental car tax. He said he knew of people who had found it less expensive to fly to Portland and rent a car to drive to Eugene than to fly into Eugene and rent a car. Staff said the County tax rate e currently was 5 percent. Mr. Rutan said he did not like the idea of a toll booth. He said he thought the best sources of funds would be State and Federal, such as reinstituting enplanement allocations from the FAA, establishing a passenger boarding tax, and app lyi ng for lottery funds. He said he thought the largest challenge would be addressing ongoing costs. Mr. Gleason said an application was being submitted to the State for funds from the IIStripperll oil settlement. He also said more aggressive efforts would be made to collect fees and to increase ridership through marketing. Ms. Wooten asked about proceedings of litigation with Lane County on $1.6 million in road funds. Mr. Gleason said the county commissioners had voted to reconfirm support for their decision to grant the money to the airport project. Mr. Whitlow said three issues were before the court: 1) whether the City and the County had the legal authority to enter into an intergovernmental agreement; 2) whether the agreement that had been signed actually reflected the order passed by the board of commi ss i oners; and 3) whether statutes allowed funds to be spent for specific improvements at the airport. He said staff members felt comfortable with the first two issues, and he said City and County legal advisers had approved the grant to the airport and were arguing in its support. Mr. Whitlow said a decision on the issue was expected about December 29. e MINUTES--City Council Dinner/Work Session December 15, 1986 Page 4 Mr. Miller asked about the scope of the project. Mr. Rutan said the Porte Cocheret or covered drivewaYt and an additional 30 feet of ticket lobby space ~ were included in the costs presentedt but he added that the lobby space would .. be a bi d option. Mayor Obi e sa i d he agreed wi th the subcommi ttee recommendationt and Ms. Bascom said she thought the Porte Cochere was needed. Mr. Rutan said the subcommittee had reviewed costs in detail and had concluded that all of the project was justified, on-targett and comparable to other public or private projects. Ms. Wooten expressed appreciation for the work done by the subcommittee and by staff. Ms. Schue asked about future roles of the Airport Commission and of the subcommittee. Mayor Obie said he recommended dissolving the financing subcommittee. Mr. Hansen said he hoped customer problems would not be great during construction. Mr. Mi 11 er suggested that the counci 1 recei ve reports to keep informed of construction and financing. Mr. Rutan said he did not favor trying to build the terminal by council action, but he did favor some council input in order to avoid disappointment with the finished terminal. II. NUCLEAR FREE ZONE AMENDMENT . ~ Mayor Obie suggested that he call a special session of the council t so that it ~ might spend four or five hours in early January discussing implementation of the nuclear free zone amendment. He said applications for the board should be sought about January 14-21. He asked staff to prepare a decision tree and said he would raise the issue again on Wednesday for responses. He also said he expected major legal issues to be answered by the time of the special session. The meeting was adjourned at 6:50 p.m. .R~y/~ / (-"'W - Micheal D. Gleason, City Manager (Recorded by Leslie Scales) mncc1215 4It MINUTES--City Council Dinner/Work Session December 15, 1986 Page 5