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<br />- <br /> <br />e <br /> <br />-~~ <br /> <br />MfROYED BY CITY COUNCIl <br />ON <br /> <br />c <br /> <br />M I NUT E S <br /> <br />CCITY MGR'S OFFICE) <br /> <br />Eugene City Council <br />Dinner/Work Session <br />Jo Federigo's Restaurant <br /> <br />Apri 1 22, 1985 <br />5 p.m. <br /> <br />COUNCILORS PRESENT: Cynthia Wooten, Richard Hansen, Emily Schue, Freeman <br />Holmer, Debra Ehrman, Ruth Bascom, Roger Rutan. <br /> <br />COUNCILORS ABSENT: Jeff Miller. <br /> <br />Mayor Brian Obie called the work session to order. <br /> <br />I. RIVER ROAD PARK AND RECREATION DISTRICT (Informational Item) <br /> <br />City Manager Micheal Gleason said City representatives will meet with repre- <br />sentatives of the River Road Park and Recreation District this week to effect <br />a memorandum of understanding concerning the assimilation of the district if <br />the area is annexed. He will forward a memorandum to councilors. <br /> <br />II. EUGENE AGENDA/CAPITAL IMPROVEMENTS PROGRAM <br /> <br />City Manager Micheal Gleason introduced the item. Using flip charts, Finance <br />Director Warren Wong discussed the financing gap the City faces. He estimated <br />the total cost, identified available funding, and indicated how much funding <br />will be needed for each of the five Eugene Agenda items (Airport, Riverfront <br />Science Park, Revitalization of the Downtown, Transportation Systems, and <br />Entrance Beautification.) He said a tax increment district is being planned <br />to finance the Riverfront Science Park; however, $1 million to $1.5 million <br />will be needed before tax increment financing can be generated. $10 million <br />to $16 million dollars will be needed before tax increment financing can be <br />generated in the Downtown Revitalization Project. Tax increment financing <br />will eventually repay the initial investments. <br /> <br />Answering questions from councilors, Mr. Wong said the Downtown Revitalization <br />Project includes only the retail development and parking. Mr. Whitlow added <br />that all the capital improvements in the Downtown Plan were included in the <br />estimate. Probably 1,000 parking spaces will be needed for the retail deve- <br />lopment and they will cost $10 million to $15 million dollars. Most of the <br />improvements in the Downtown Plan are funded by tax allocation funds. The <br />total estimate for the airport expansion includes a two-story boarding con- <br />course and a loading ramp. The identified funding does not include lottery <br />funds. <br /> <br />MINUTES--Eugene City Council Work Session <br /> <br />April 22, 1985 <br /> <br />Page 1 <br />