Loading...
Agenda Item - 2022-05-17 - Number 7.2 - Presentation - Funding Options for Pathway Projects 7.2 E9I PUBLIC WORKS 4A CI) 1 \\OO) FUNDING OPTIONS FOR PATHWAYS May 17 , 2022 Lake Oswego TSP . . • , ..., . ._ .• r .. _ _.• • ( , ,_ 1 L ... a [ T _ ,:oL fir& rhrtmi km 7$+x e a ' . . (14 n 7g IL — . a • i I r # r a - ? ivilaFF .::.. ; 4_brF4 I iv._ � I Tii.' ;, ____,, , _ ..... ..... .0. if 1 Fa , - z I{ f .w a� it �i'f' I ..,.:Bor . .it. r, _ j 4 ________ ________ i r The City of Lake Oswego+ • Lli Planned Pathway frnproverrrents I, Planned Pathways k 0 a o-.s 1we 1 irligliki 9REGO COMPLETED PROJECTS • Laurel Street • Cherry Lane • Meadows • McNary • South Shore (partial ) • McVey ( partial ) • D Avenue • Iron Mtn Bike Lanes �04,,, � os • Knaus Road :4_\ $ 12,000,000 U FUTURE PROJECT PRIORITY COMBINED PROJECTS 2Oi ..4, -1 ( _.. .,, .._,, 1----,--- /7 . • , 1 17- prr---i ,---„. '''---0,s-:'• I L 0 I= II U 0 •-_ -• PLANNED PROJECTS • Lanewood/Douglas Circle • Douglas Way — Quarry to Hallmark • Douglas Way — Hallmark to BFR • Boca Ratan • Hallinan • Lakeview Blvd — South Shore to Summit /04, � $ 4, 500, 000 U O \�REGo� 2022 COUNCIL GOAL Adopt a funding strategy for pedestrian safety capital projects 04 )k a_ FUNDING OPTIONS TO CONSIDER • Increase the current Street Maintenance Fee • Solicit for a General Obligation Bond IOC`lA � Os U fi \�REG� / Option 1 Increase Street Maintenance Fee • Affects monthly utility rates • Reliable source of revenue for the Street Fund • Variable options in future, should priorities change /oti� � os� Impact on single family utility rates uo $18.72 to $58.08 per year \�REGo� Option 2 General Obligation Bond • Provides significant one-time funding upfront • Affects annual property tax rates • Sunsets after 20 years • Requires voter approval • Specifically define projects ahead of time O4fi Impact on Avg. Home ($550,000) " o $110 increased tax per year \�REGo� Next Steps • Council consider which option to pursue • Staff to develop a full strategy for implementation, including public outreach and education : '� p Z. f, � . QUESTIONS 7 • ., . .„ : ... , ..,• • , .._ • ,...:.„.,_.:1, „..,„:77,•:.:..-,.. .0:..„,\,... 0,.,..1.:Y1 A t :•."':.ii'''••% -•'• - kc ... • .-. .`.'- -.: ',FL, N.'", ••-•`'\'''VO`V.:.•:A I:1•,•.'' '.015•04A.1, 1,,-.1,:,•‘:`, ' - ' .'-' " \NV't.:•'ZiONIV.'..ii'7,!iliPt,-,`I$il':-si,, il...x. .. ' 'C,:-',A.:.. • :V.S.,Ni:.1,*::,..:`. .,!:•••1.1....i..d....W-•...!,7,:,,,i.,M.,''r--- • •. . Cj :'...,..i.'".:i'....•••1A6c57-.. • 71•,,,,,a1P. 1 1010. , •r•'''''•.' ' -.3*. ••- •—1k4x. •", "At 4:41 Vkf...m••:.-...4.4rct_It-,...„• . . y . -..,.-.:,----,-.'•7,- ‘14.:\,.,10.11tNy%,\•'•••,:..•,Arik),,,,,.4.04,..4. . -,,p,..1.2..,. / .. • ,•: .,,x,ovA • .. , ,...,,, liNtib: 4" '''' . ,-, •-. ..--z— ....•-,....\•:. .4..- Nfi,,.:.,.:p- ,r.s.‘1 :;iii,„0,..,„,,,...--•..., 4,..4...i. ,,•• .1 1 .• .•-•.'---• 'Y•••,• l'-'7itliZ. ,L'INV-NL•a:.•,''.'-,--W.lf C.:.W.•0'N.• •.•- .444. - 4,-1- : II••1 ••••';s\•,--": ..1,, . 1-- . .,','ri? • 4-;744:; . f;• !i': •'. IA..; •••.,_ ':'''Ptii.'''?'-,;ZI.:•;1 .,:,:..:,.:\•4.-.-..f•-.,!44.:',,.4:..-_••. ,.1.t_..- i•'•::•.:71 .:' 1! . •"'-'•--,. ' '--'iji .-=;- ,,T.•....--•IT,011-k. •':- ..:.:..s...iii7N-Ii..„-. -•,,,v,,p,,,.:.::,..;.,...,,,,.„,..„,k. . _ . .,,..„,...• .. .. :-.4; .7: '''' -.;-'',..•- •:.•:••• ''' .::.!.:.."..•lx: ".'•-'.... .H:1•••••::'•••;\.!=V ;r.74-.:;1-.;-- ,----,` ...:.... ::::„...„...,:-..4.--w,......:•,...,....„-,i.711-..-;,:4.%•,'::;:,,:-:\4•,,,,,o...,-itt -.. .• • • . ....,.• ••-••-,L.-.L...--:..._irk,.., --,:,_.1...t i„. , . . ,:. ,,, IT-. I . - - . . .,•-4. .-' :•-/ .. .. :. •• '' : '' ...- -\;..\••‘ t' A • 1,. .1. .- '. ... ..••• . . ,.. :.------- • r>1"1 • rilll ..' - -. 4 r •'4 4 ...Al! #•.: .9'••1 •....-- --•-. • 411' ''' •• •I- . .. •-•-•-• _ - -• • 1:::F.t.,1 .- ' t‘1 l•---41 - i- ii!.• Hrtz, , ' • .;;••: •,.:-.•.•• ,p 40.4•46.iimil•!•:••". ••••••: Ir .xri . .-„,i,. . : . ,,,•••••:--• -1- - WC1414,....,::Os'. : .,-_,-•,----7:_%•,-- -- ...• • : • ••?.-.s_ ,- •::_,T...:4?•• -i:.:. • L.-. - .i. ... . • . ,,,....,,.._• . ,---..,.••,- ,11:-., ,. 1 . .1 ..• I •-•:-.. rrx•;.$•• •• ..^ . . - -- • • • '.• .• ''1,14• • , - .__.. . . ., .. . . - • • ' . v- - •- ..:: .-`•-• -;i•-•.- •101 "... ' \\'''' "74 •, • :6;••''''"''.,- -.4 . •.•,•,.••• - • ..:.-.•., ... ..17m,...' ..--'. ..4. . . . -••.t. ••'-'.'t '•--.,- . - .'!'^-•--.';' -•"IK• 7...Ai?..'• ,,,, .„.._,,,,, ,,,.:,..„., _:-, • - •-%;;J,..,'.3-g-;,••?::.',•-•:;L .- :- --•.:,=•-*.R. :.-,:le:r•-:4,1.7-••• -..,,,....,•--_•••••:::•7:. - ozkv!,f,,..,..--,!:;::-7,..,.;.7,.1,1 -r.^......z• ,.--..-r-?...---.. ..5V-4:--_-.. -4-1-t'•- •:"t..-,'...•-•-• .',----.J.''s.'--...';.7.•--• flillat'-,,tffr.'-•.:-.:77-. '-.04,-,:k.A.•*-',i'i•. .:•'•-,..- ,•---•-•-•'•:•--,0*--- - '- •-. . , , .....,—....— . ‘ ...„.„., .-.,•.:, .• • - • •-::.- .„_„ . ....•,. .:-,,,-fiy.;:ii.'''-t.:.‘,,,,'-'-- ... ..,....,,,.. ,.. ,.., . :,.....,.. ,.. ..,_ • '''''.•-1.4-- 4 0 \ .../.• ..i. ...... j., , . ._...-., .• -, .-• . 4.2\ i 4.. • II,U 0 up10111. ? .p. .. / ... \NC:PRE G __.--