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<br />EUGENE CITY COUNCIL <br />AGENDA ITEM SUMMARY <br /> <br />~ <br /> <br />Work Session: Downtown Update - East Broadway <br /> <br />Meeting Date: February 22,2006 <br />Department: Planning and Development <br />www. eugene-orgov <br /> <br />Agenda Item Number: A <br />Staff Contact: Nan Laurence <br />Contact Telephone Number: 682-5340 <br /> <br />ISSUE STATEMENT <br />This work session will provide detailed information on actions required to move forward with <br />the public parking garage and the East Broadway/Whole Foods Development Project. This is the <br />third work session for this project. <br /> <br />There are four actions being considered at this work session: <br />1) City Council authorization for the City Manager to enter into legal documents for a land <br />transaction with the Shedd Institute for the Arts; <br />2) City Council authorization for the City Manager to enter into a development agreement <br />and approve related legal documents between the City, Broadway and High Associates <br />(representing the G Group) and Gerding/Edlen Developers; <br />3) City Council approval of the financing strategy for the public parking garage; and <br />4) City Council authorization for the City Manager to sign an intergovernmental agreement <br />between the City and the Urban Renewal Agency <br /> <br />BACKGROUND <br />The council considered this item on February 8, 2006, and February 13, 2006, and directed the <br />City Manager to begin negotiations on the land transaction, the development agreement, and <br />related legal documents, for public garage development Option 4. This option includes <br />approximately 260 parking spaces and a commercial space at the corner of 8th Avenue and High <br />Street. <br /> <br />Background information on this project is included in the City Council Agenda Item Summary <br />for February 8,2006. <br /> <br />At the work session on February 22, the council is asked to take action on four items: 1) the land <br />transaction with the Shedd, 2) the development agreement between the City, Broadway High <br />Associates and Gerding/Edlen Developers, 3) approval of the financing strategy, and 4) approval <br />of an intergovernmental agreement between the Urban Renewal Agency and the City of Eugene. <br />Each of these items is discussed below, and described in Attachments A-D. As discussed in <br />the work session, this project addresses the need for parking in this area of downtown. The <br />updated parking study verifies this need, and is included as Attachment E: Draft Parking <br />Analysis. <br /> <br />LICMOl2006 Council AgendasIM060222IS060222A.doc <br />