My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
Ordinance No. 20389 amended
COE
>
City of Eugene
>
Ordinances
>
2007 No. 20375-20400
>
Ordinance No. 20389 amended
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
6/10/2010 3:50:16 PM
Creation date
8/21/2007 12:13:58 PM
Metadata
Fields
Template:
Council Ordinances
CMO_Document_Number
20389
Document_Title
Adopting Amended Downtown Urban Renewal Plan
Adopted_Date
8/15/2007
Approved Date
8/16/2007
Repeal_Date
11/6/2007
Signer
Kitty Piercy
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
23
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
<br />B. Validity <br /> <br />Should a court of competent jurisdiction find any word, clause, sentence, section, or part <br />of this plan to be invalid, the remaining words, clauses, sentences, section, or parts <br />shall be unaffected by any such finding and shall remain in full force and effect for the <br />duration of the plan. <br /> <br />Section 1400 - Maximum Indebtedness <br /> <br />A. Maximum Indebtedness <br />The sum of $33,000,000 was established in 1998 as the maximum amount of new <br />indebtedness which could be issued or incurred under this Plan after June 1. 1998. The <br />2007 olan amendment increased the maximum indebtedness amount bv $40 million. to <br />a total of $73 million. <br /> <br />The maximum indebtedness limit established bv this Section 1400 does not aoolv to or <br />limit: <br /> <br />1. The obliaation of the Aaencv to oav interest on indebtedness issued or incurred <br />under this Plan: <br /> <br />2. Anv indebtedness issued to refund indebtedness issued or incurred under this <br />Plan. to the extent that the refundina indebtedness does not exceed the orincioal <br />amount of the refunded indebtedness. olus the amount of the refundina <br />indebtedness that is used to oav costs of the refundina: and <br /> <br />This :unount does not includo funds to pay interest on that indebtedness nor <br />L.. 4Eunds to repay indebtedness existing on the date of the 1998 amendment. <br /> <br />B. City-Wide Special Levy. <br /> <br />Option One and its city-wide special levy, as described in ORS 457.435(2)(a), were <br />chosen in 1998 as the method for collecting ad valorem property taxes sufficient to pay <br />when due, indebtedness issued or incurred to carry out the Urban Renewal Plan for the <br />Centr31 Eugene ProjectDowntown Urban Renewal District as permitted by section 11 <br />(16), Article XI of the Oregon Constitution. <br /> <br />Downtown District Urban Renewal Plan - Marked for Changes August 15, 2007 <br /> <br />16 <br />
The URL can be used to link to this page
Your browser does not support the video tag.