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AGENCY OPTIONS <br />The Urban Renewal Agency can either approve the resolution or take no action. If the resolution is <br />approved, the City can begin designing the Patterson Street underpass project as soon as a bond <br />resolution is signed with McKenzie-Willamette. If the URA takes no action, design work will not begin, <br />which could jeopardize an agreement with McKenzie-Willamette to go forward with hospital <br />development on the EWEB site. <br /> <br />DIRECTOR' S RECOMMENDATION <br />The Agency Director recommends authorizing the execution of a design finance agreement for <br />construction of the Patterson Street underpass project. <br /> <br />S[IGGESTED MOTION <br />Move to adopt Resolution 1032 authorizing execution of a Design Finance Agreement. <br /> <br />ATTACHMENTS <br />A. Resolution <br /> <br />FOR MORE INFORMATION <br />Staff Contact: Dennis Taylor <br />Telephone: 682-5336 <br />Staff E-Mail: Dennis. M.Taylor~ci.eugene.or.us <br /> <br />Staff Contact: Sue Cutsogeorge <br />Telephone: 682-5589 <br />Staff E-Mail: Sue. L.Cutsogeorge~ci.eugene.or.us <br /> <br /> L:\CMO\2004 Council Agendas\M041206\S0412063.doc <br /> <br /> <br />