Funding Source Description Potential Application in Eugene <br />Parking in-lieu <br />Parking in-lieu fees are developer fees paid if they System-wide transportation facilities <br />fees <br />cannot or do not want to provide on-site parking for the including streets, sidewalks, bike <br />development. The idea behind these fees is to lanes, shared use paths, and <br />decrease the amount of off-street, private parking and transit. <br />consolidating parking supplies on-street or in parking <br />garages as a way to decrease parking demand on the <br />development site. In-lieu fees may benefit developers <br />by reducing costs and allowing more intensive <br />development on a site. <br />Incentives <br />The City provides an enticements such as bonus System-wide transportation facilities <br />densities and flexibility in design in exchange for a including streets, sidewalks, bike <br />public benefit. Examples might include a commute trip lanes, shared use paths, and <br />reduction (CTR) program or transit facilities in transit. <br />exchange for bonus densities. Incentives may be used <br />with SDC methods to reduce transportation impacts <br />from new development. <br />Public/private <br />Public/private partnerships have been used around the System-wide transportation facilities <br />partnerships <br />country to provide public transportation amenities including streets, sidewalks, bike <br />within the public right-of-way in exchange for lanes, shared use paths, and <br />operational revenue from the facilities. These transit. <br />partnerships could be used to provide services such as <br />vehicle charging stations, public parking lots, bicycle <br />lockers, or car share facilities. <br />Tax Increment <br />TIF is a tool that cities may use to create special System-wide transportation facilities <br />Financing (TIF) <br />districts (tax increment areas) where public including streets, sidewalks, bike <br />improvements are made in order to generate private-lanes, shared use paths, and <br />sector development. During a defined period, the City transit. <br />freezes the tax base at the pre-development level. <br />Property taxes for that period can be waived or paid, <br />but taxes derived from increases in assessed values <br />(the tax increment) resulting from new development <br />can go into a special fund created to retire bonds <br />issued to originate the development or leverage future <br />improvements. A number of small-to-medium sized <br />communities in Oregon have implemented, or are <br />considering implementing, urban renewal districts that <br />will result in a TIF revenue stream. <br />Streets District <br />Oregon state law (Oregon Revised Statute \[ORS\] 371) Roadway improvement projects. <br />allows for the formation of special streets taxing <br />districts for purposes of constructing and maintaining <br />streets within the taxing district boundaries. A Streets <br />District would be a separate entity from the City of <br />Eugene, with its own property tax levy rate and an <br />elected board of commissioners. Those within the <br />potential district boundaries must vote on the creation <br />of a Streets District. <br /> <br />