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<br />would need to be issued to generate adequate funds to purchase the property. The timing of any <br />purchase would need to be related to the availability of funds. <br /> <br />If the City Manager does not request negotiations, or a purchase and sale agreement is not signed <br />between the City and EWEB within five years, EWEB may dispose of the property in any manner it <br />deems appropriate. The City may also choose to waive its right to purchase the site prior to the end of <br />the option period. In that case, EWEB could proceed with master planning and land use applications, <br />while determining a price for the property and marketing it to a private purchaser. <br /> <br /> <br />RELATED CITY POLICIES <br /> <br />Downtown, which includes the EWEB riverfront property, is one of the council’s ten priority areas. <br />Numerous City policies also reference the potential and community value of the EWEB riverfront <br />property. The most relevant and recent are the four policies in the Downtown Riverfront section of the <br />Downtown Plan (page 29): <br /> <br /> <br />1.Incorporate the Willamette River as an integral element to downtown planning and development. <br /> <br />2.Collaborate with EWEB to encourage relocation of their utility facilities. <br /> <br />3.A master plan for the EWEB riverfront property must be approved by the City before any <br />redevelopment, land use application, rezoning, Metro Plan or refinement plan diagram <br />amendments are approved for uses not associated with EWEB functions. The master plan shall <br />be evaluated based on the master plan's consistency with principles A through D below: <br /> <br />A.Create a “people place” that is active, vibrant, accessible and multi-use. <br /> <br />B.Provide appropriate setbacks, deeper where environmental or habitat issues are more <br />critical, shallower in other areas. <br /> <br />C.Incorporate appropriate building and site design techniques that address environmental <br />concerns. <br /> <br />D.Incorporate an educational aspect, so that the riverfront improvements teach us about our <br />river, our history and our city. <br />The master plan shall be considered using the City's Type II application procedures, unless the <br />applicant elects to have the master plan reviewed concurrently with a Type III, Type IV or Type <br />V application. <br /> <br />4.Facilitate dense development in the courthouse area and other sites between the core of <br />downtown and the river. <br /> <br /> <br />COUNCIL OPTIONS <br /> <br />1.Authorize the City Manager to sign a memorandum of understanding substantially similar to <br />Attachment B outlining the steps leading to the disposition and redevelopment of the EWEB <br />riverfront property. <br /> <br />2.Authorize the City Manager to sign a memorandum of understanding substantially similar to <br />Attachment B but with changes as requested by the council outlining the steps leading to the <br />disposition and redevelopment of the EWEB riverfront property. This option may require further <br />review and discussion with EWEB. <br /> <br />3.Provide other direction to the City Manager regarding the next steps for the disposition and <br />redevelopment of the EWEB riverfront property. <br /> <br />4.Take no action. <br /> F:\CMO\2007 Council Agendas\M071121\S071121A.doc <br /> <br />