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[lrban Renewal Agency of the City of Eugene <br />· Borrow funds from McKenzie-Willamette for acquisition of right-of-way and design and <br /> construction of the Patterson Street Underpass project <br />· Reimburse the City for costs incurred in acquiring right-of-way and designing and <br /> constructing the Patterson Street Underpass project <br />· Repay McKenzie-Willamette from tax increment revenues generated by McKenzie- <br /> Willamette's acquisition or development of EWEB's headquarters property <br /> <br />Documents: <br />1. Memorandum of Understanding with EWEB and City (in draft form; to be signed in <br /> December) <br />2. Resolution Authorizing Execution of a Design Finance Agreement (in draft form; to be <br /> considered at December 6 council meeting) <br />3. Agreement to Finance Design Costs of Patterson Street Underpass (in draft form; to be <br /> signed in December) <br />4. Resolution Authorizing Execution of an Intergovernmental Agreement with the City for the <br /> Patterson Street Underpass (in draft form; to be considered by the Urban Renewal Agency in <br /> January) <br />5. Intergovernmental Agreement with the City (in draft form; to be signed in January) <br />6. Resolution Authorizing Execution of a Bond Agreement (to be drafted and considered in <br /> spring of 2005) <br />7. Bond Agreement (to be drafted and considered in spring of 2005) <br />8. Budget authority for first $500,000 of design costs on SB#1 in FY05 and remainder of <br /> project in FY06 proposed budget <br /> <br /> L:\CMO\2004 Council Agendas\M041206\S041206B.doc <br /> <br /> <br />