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<br /> - --- <br /> Mr. Byrne said the Tax Allocation Fund came from the Downtown Renewal Project, <br /> a central Eugene project covering about 20 percent of the Downtown Plan area. <br /> e The remaining 80 percent of the Downtown Plan area was covered by General Fund <br /> activities, he said, adding that the Downtown Development District was a <br /> separate district, not coterminous with the Tax Allocation District, but of <br /> about the same size and incorporating many of the same properties. Mr. Byrne <br /> sa i d all three funds contributed to recrui tment and development efforts <br /> downtown. He said the Tax Allocation Di stri ct allowed recrui tment and <br /> development of property owned by the renewal agency (currently surface parking <br /> lots). The Downtown Development District had a major focus on recruitment and <br /> development in the downtown, central core area, he said, adding that much <br /> recent activity in the district had involved a centralized retail management <br /> strategy and a transition from the Eugene Downtown Association to a new group <br /> incorporating a greater emphasi s on property owners. The Genera 1 Fund <br /> contributed to recrui tment and development for the area of the general <br /> Downtown Plan outside the other, specialized districts, he added. <br /> Mr. Byrne reviewed the relationships of the three base funds and parking <br /> funds. He said a major focus of the Downtown Development District ordinance <br /> was to provide free parking downtown, and the district accomplished that by <br /> purchasing parking spaces from facilities owned by the City and providing them <br /> free to customers. He said the Overpark Fund, for example, had a separate <br /> enterprise fund and several di fferent sources of revenue. The Downtown <br /> Development District currently purchased 200 of the 600 spaces in the Overpark <br /> garage, he said, and the Overpark enterprise fund received that income, in <br /> addition to that of other sources, such as lease of commercial space, sale of <br /> monthly parking permits, and interest income on working capital. Mr. Byrne <br /> noted that the funds for the Overpark and surface parking lots overlapped <br /> e with, and were related to, the Downtown Development District Fund. He also <br /> said the fund for the Parcade garage was related to the Downtown Development <br /> District Fund, adding that the Parcade's debt service was paid out of the Tax <br /> Allocation Fund. <br /> Responding to questions from Mayor Obie, Mr. Byrne said the City owned its <br /> surface parking lots and received no return on its investment. He said the <br /> lots were incorporated into the free parking system at the cost of providing <br /> for ope rat ions and ma i ntenance. Mr. Byrne said no property tax or tax <br /> increment income was received from those lots, and that was the reason for the <br /> City's focus on development of those sites. Mr. Whitlow said the district had <br /> purchased the spaces, which were provided free of charge to the public. Mr. <br /> Byrne added that costs of operation and maintenance were included in the <br /> annual fee of $3 per space charged to the district. He said the City managed <br /> its own properties, which included about 2,000 surface lot spaces, of which <br /> about 1,300 were free. He said properties privately owned and leased by the <br /> City had been eliminated from programs. Free parking was provided on private <br /> property owned by the Bon Marche and by Sears, he said, and although those <br /> lots were managed under the City's free system, the City did not pay for use of <br /> that space. <br /> Mayor Obie asked whether the district paid the costs of developing parking <br /> structures. Mr. Byrne said the district paid the full cost of operating, <br /> maintenance, and replacement reserve. He said no debt service was owed on the <br /> e MINUTES--Eugene City Council December 2, 1987 Page 2 <br />