WW Project Pages.xlsx - City of Springfield

Buffer multiple family development from single family development and residential land fromcommercial land through site plan review;Work with Willamalane to provide adequate park and recreational facilities to residents;Discourage through truck traffic in residentially designated areas;Encourage bicycle path into the design of recreational and new residential facilities.SECTION IIFUNDINGCAPITAL PROJECT FUNDINGThere are limited sources of funding for capital activity. The principal sources include 1) revenuesderived from user fees or those taxes (such as fuel taxes) which function like user fees; 2) SystemsDevelopment Charges (SDCs), which are designed to recover from development the cost impact thatdevelopment has on public infrastructure; 3) external contributions, in the form of intergovernmentalgrants or loans, payments by developers for specific improvements, and assessments of benefittedproperty owners, also for specific improvements; and 4) other sources such as revenue leveraged by taxincrement financing in the City’s two urban renewal districts, and revenue from internally generatedcharges, which at present play a minor role in capital project funding. The City of Springfield’s accountsfor these four revenue sources are in special revenue or enterprise funds, such as the Street CapitalFund, Systems Development Charges funds, and the Wastewater and Drainage Capital funds. The fundsused by the City to record and account for capital funding are listed following this discussion, along withthe limitations imposed by local, state, or federal laws associated with the funding source.USER FEESEach of the three public infrastructure systems (streets, sanitary sewers, and storm drainage) is fundedby fees paid by those who use the system. In the case of the local wastewater and storm drainagesystems those fees are directly billed to users. In the case of the transportation system those fees arecollected in the form of taxes on motor fuel at both the state and local level, and by state fees forlicensing and registration of drivers and vehicles, as well as weight mile taxes imposed on the truckingindustry.City Council policy calls for a portion of those fees, in excess of that required for current operation of thesystems, to be devoted to preservation of the existing systems. However, in the past several years it hasbeen necessary to devote some portion of those revenues to fund expansion of the system, eitherthrough direct funding of capital activity or by funding debt service on revenue bonds. To date, the Cityhas issued revenue bonds in 2009 to fund local wastewater capital activity, and in 2010 to fund stormdrainage capital projects. This level of capital support has produced circumstances which have led tosubstantial increases in user fees for both systems, and created concerns that user fees might beapproaching levels which test the traditional level of citizen support. It is also important to note that theCouncil has discussed a further debt issue in FY 2013 to fund local wastewater needs.Page 142012-2016 Capital Improvement Program