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Home My WebLink AboutResolution No. 5063COUNCIL RESOLUTION NO. 5063 A RESOLUTION CALLING A CITY ELECTION ON NOVEMBER 6, 2012, FOR THE PURPOSE OF REFERRING TO THE LEGAL ELECTORS OF THE CITY OF EUGENE A MEASURE AUTHORIZING THE ISSUANCE OF A MAXIMUM OF $43,000,000 OF GENERAL OBLIGATION BONDS TO FUND STREET PRESERVATION PROJECTS AND BICYCLE AND PEDESTRIAN PROJECTS PASSED: 7:0 REJECTED: OPPOSED: ABSENT: Poling CONSIDERED: July 9, 2012 Resolution Number 5063 A RESOLUTION CALLING A CITY ELECTION ON NOVEMBER 6, 2012, FOR THE PURPOSE OF REFERRING TO THE LEGAL ELECTORS OF THE CITY OF EUGENE A MEASURE AUTHORIZING THE ISSUANCE OF A MAXIMUM OF $43,000,000 OF GENERAL OBLIGATION BONDS TO FUND STREET PRESERVATION PROJECTS AND BICYCLE AND PEDESTRIAN PROJECTS The City Council of the City of Eugene finds that: A. Using the City's current 5 -cent per gallon local gas tax, other dedicated pavement preservation funding, and a $35.9 million, five -year bond measure approved by voters in November 2008 to repair more than 54 streets, the City has completed nearly $44.7 million in street preservation work since 2002, the beginning of Eugene's pavement preservation program, and the City has repaired 343 lane miles of streets through overlay, reconstruction and slurry seal treatments. B. The revenues from the local gas tax and the 2008 bond measure have helped reduce the backlog of street repair projects. Currently the backlog of repairs on improved asphalt streets is $118 million; a reduction in the estimated backlog of needed repairs of more than $50 million since the 2008 bond was approved. Despite this short-term downward trend the backlog is projected to continue to grow unless there is funding that is both sufficient and sustainable. The taxes levied from the 2008 street bond end in 2013. 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 $8 million in net revenues annually should be referred to voters. Of that amount, the Council determined that an annual average of $516,000 should be allocated over a period of five years to support bicycle and pedestrian projects guided by the Pedestrian and Bicycle Master Plan, City staff, and the Bicycle and Pedestrian Advisory Committee. 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 motor vehicle capacity of the street system. In addition, the City will allocate an annual average of $516,000 of the bond proceeds over a period of five years to fund bicycle and pedestrian projects. E. A general obligation bond measure of $43 million would fund specific street preservation projects over a period of five years. This amount represents 76 different projects that would repair an estimated 74 lane miles of roads and fund bicycle and pedestrian projects. The $43 million figure accounts for $8 million per year for five years at an inflation factor of 4 %. Page 1 of 3 F. The measure is expected to cost an average of $0.65 per 1000 of assessed value each year for five years. For an average homeowner in Eugene, this would be about $127 per year. This rate is also the approximate average tax rate levied over the five years of the 2008 bond measure. The taxes would first be levied in November 2014, after the 2008 bond taxes end in 2013. G. The criteria for choosing bond projects included: a) use of the most current engineering and cost - benefit information about needed street rehabilitation and reconstruction; b) citizen input with respect to prioritizing major streets in need of reconstruction; and c) geographic distribution throughout the community to ensure all areas of the City 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 projects 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 an annual written report on the use of the bond proceeds. 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 will convene the citizen street repair review panel. The citizen street repair review panel will prepare an annual 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 $43,000,000 of General Obligation bonds to fund street preservation projects and bicycle and pedestrian 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 6th day of November, 2012, 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. Page 2 of 3 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. 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, bicycle and pedestrian projects and payment of bond issuance costs and not to expand the motor vehicle 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 9th day of July, 2012. City Recorder Page 3 of 3 Exhibit A Project List for 2012 Bond Measure to Fix Streets Map # Street Name Limits 1 01ST AVE WASHINGTON ST -VAN BUREN ST 2 01ST AVE BLAIR BLVD - WEST END 3 02ND AVE BLAIR BLVD - GARFIELD ST 4 05TH AVE BERTELSEN RD - WEST END 5 06TH AVE BERTELSEN RD -COMMERCIAL ST 6 07TH AVE BERTELSEN RD - OSCAR ST 7 07TH PL 7TH AVE /HWY 99 - BAILEY HILL RD 8 13TH AVE WASHINGTON ST - GARFIELD ST 9 13TH AVE BERTELSEN RD -COMMERCE ST 10 15TH AVE FAIRMOUNT BLVD - AGATE ST 11 17TH AVE FAIRMOUNT BLVD - AGATE ST 12 19TH AVE FILLMORE ST- CHAMBERS ST 13 22ND AVE FRIENDLY ST- POLK ST 14 25TH AVE HAWKINS LN - BRITTANY ST 15 27TH AVE COLUMBIA ST -SPRING BLVD 16 30TH AVE SPRING OVERPASS - AGATE ST 17 30TH AVE MILL ST (WEST) - FERRY ST (EAST) 18 30TH AVE MILL ST- WILLAMETTE ST 19 39TH AVE WILLAMETTE ST - 100' EAST OF DENSMORE RD 20 40TH AVE HILYARD ST- DONALD ST 21 43RD AVE N SHASTA - DILLARD RD 22 AVALON ST ECHO HOLLOW RD - JUHL ST 23 BEST LN WILLAKENZIE RD - KENTWOOD DR 24 BRAE BURN DR 39TH AVE - WILLAMETTE ST 25 BROADWAY MILL ST -PEARL ST 26 BUFF WAY WOODSIDE DR - FORRESTER WAY 27 CALVIN ST WESTERN DR - HARLOW RD 28 CAPITAL DR SPRING BLVD - 50'N OF CRESTA DE RUTA ST 29 CARMEL AVE MINDA DR - 400' SOUTH OF MINDA DR 30 CASCADE DR AVALON ST- JUHLST 31 CENTENNIAL LP MLK, JR BLVD (EAST) - MLK, JR BLVD /CLUB RD 32 CITY VIEW ST 28TH AVE - 29TH AVE 33 COBURG RD SS FERRY ST BRIDGE - 50'S OF EWEB ON /OFF RAMP 34 COMMERCIAL ST 5TH AVE - SOUTH END 35 CORYDON ST FORRESTER WAY - TANDYTURN 36 EAST AMAZON DR HILYARD ST- DILLARD RD 37 ELIZABETH ST KNOOP AVE - ROYAL AVE 38 FAIRFIELD AVE WS HWY 99 - ROYAL AVE 39 FILLMORE ST 19TH AVE - 24TH AVE 40 FIRLAND BLVD SPRING BLVD -AGATE ST 41 FORRESTER WAY COBURG RD - WS DRWY 1033 42 GARFIELD ST ROOSEVELT - 6TH AVE 43 GOODPASTURE LOOP GOODPASTURE IS RD (EAST INTERSECTION) - GOODPASTURE IS RD (WEST INTERSECTION) 4 INTERIOR ST NORTH END OF CUL DE SAC- SOUTH END OF IMPROVED SECTION Exhibit A Map # Street Name Limits 45 IONE AVE BEST LN - ADKINS ST 46 JACOBS DR HWY 99N - FAIRFIELD AVE 47 JEFFERSON ST 8TH AVE - 18TH AVE 48 JUHL ST NS ADDR 1424 - SOUTH END 49 KNOOP AVE ECHO HOLLOW RD - ELIZABETH ST 50 LARKSPUR AVE NORKENZIE RD - 640 FEET WEST OF NORKENZIE RD 51 LARKSPUR LOOP NORKENZIE RD (N) - NORKENZIE RD (S) 52 LEIGH ST NORTH END - WESTERN DR 53 LINCOLN ST 5TH AVE - 13TH AVE 54 LYDICK WAY TOMAHAWK LN - HARLOW RD 55 MADISON ST 1ST AVE - 8TH AVE 56 MAHLON AVE GARDEN WAY - HONEYSUCKLE LN 57 MILL ST 30TH AVE (NORTH) - 30TH AVE (SOUTH) 58 MONROE ST 1ST AVE - BLAIR BLVD 59 NORTH SHASTA LOOP ARLAND - 43RD AVE 60 PIONEER CT PIONEER PIKE - NORTH END 61 PIPER LN CHASA ST- FIR ACRES DR (INCL CUL -DE -SAC) 62 POTTER ST 24TH AVE - 29TH AVE 63 ROLAND WAY OAKWAY RD - CAL YOUNG RD 64 SATRE ST BAILEY LN - WESTERN DR 65 SHARON WAY COBURG RD - ES DRWY 1023 66 SPRING BLVD FAIRMOUNT BLVD - CAPITAL DR 67 TIMBERLINE DR WARREN ST - WINTERCREEK DR 68 TOMAHAWK LN HARLOW RD - 580' NORTH OF HARLOW RD 69 TULIP ST CRESCENT AVE - HOLLY AVE 70 VAN NESS ST 23RD AVE - 27TH AVE 71 WASHINGTON ST 8TH AVE - 13TH AVE 72 WEST AMAZON DR ES HILYARD - SS FOX HOLLOW 73 WESTERN DR CALVIN ST- WEST ENDJMONROE MIDDLE SCHOOL 74 WILLAMETTE ST 24TH AVE - 29TH AVE 75 WILLAMETTE ST 10TH AVE - 13TH AVE 76 WOODSIDE DR CAL YOUNG RD - SHARON WAY k ! 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