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ECC UGENE ITY OUNCIL AIS GENDA TEM UMMARY Work Session: Civic Stadium Meeting Date: May 9, 2011 Agenda Item Number: A Department: Central Services Staff Contact: Sarah Medary www.eugene-or.gov Contact Telephone Number: 541-682-6877 Staff Contact: Glenn Klein Contact Telephone Number: 541-682-8447 ISSUE STATEMENT The council agreed to have a conversation about Civic Stadium. This work session is a follow-up to the council’s initial work session on April 13 so that the council can decide whether it wants to join with Save Civic Stadium (SCS) in its proposal to 4J, and, if so, what City financial resources the council will commit that SCS can use to bolster its proposal. BACKGROUND On March 16, 2011, the council adopted a motion to explore providing input to the Eugene 4J School District on disposition of the Civic Stadium property. On April 8, an ad hoc committee of elected officials and representatives of the three groups that had submitted proposals to 4J met. On April 13, the council held a work session at which Councilors Alan Zelenka and George Brown presented more detailed information about the proposal from the Save Civic Stadium group. In a nutshell, SCS’s current proposal for acquisition (i.e., the financial component from 4J’s perspective) is to lease the site from 4J for $70,000 per year, plus 15 percent of net excess revenue. At the conclusion of the April 13 work session, the council agreed to invite public comment and to schedule another work session. On April 25, the council held a public hearing, during which more than 30 people spoke. As part of its prior discussions this year on Civic Stadium, the council agreed that it would not ask 4J to change its process, criteria or timeline for selling or leasing Civic Stadium. 4J has indicated that all three proposers will make their final presentation to the 4J Board on May 16, and that the board would consider any changes to a proposal offered at the May 16 meeting. Whatever proposal is presented at the 4J Board’s May 16 meeting will be considered by 4J as the final (and best) offer from that proposer. If SCS is to bolster its proposal with financial resources from the City, SCS will need to know that on May 9 so that SCS can update its proposal and be ready to present that to 4J on May 16. City staff undertook an initial review of SCS’ proposal, including its pro forma. There has not been time to contract with experts who could perform a feasibility study or marketing analysis, or independently evaluate the assumptions related to expenses or revenues. Staff’s review has identified some factors for council’s consideration, as well as some questions that the council should discuss if it decides that it might want to partner with SCS in its proposal to 4J. \\Cesrv500\cc support\CMO\2011 Council Agendas\M110509\S110509A.doc