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CC Minutes - 10/22/07 Work Session
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CC Minutes - 10/22/07 Work Session
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City Council Minutes
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Work Session
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10/22/2007
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projections for the next ten years. He said that students would need someplace to live and they would have <br />an impact on the market. Mr. Weinman said he would attempt to secure that information, but indicated that <br />it was his understanding the UO was not projecting high enrollment increases. <br /> <br />Ms. Taylor thought the boundaries should be reduced and the benefit of building in the core recognized by <br />the MUPTE. She did not think the City needed to subsidize the demand for housing for University students. <br /> <br />Ms. Taylor wanted to know what the City would receive from Broadway Place when it went on the tax rolls. <br /> <br />Mr. Pryor said he added up the MUPTE housing units in the WUN and compared them to the others, and <br />the 103 housing units were built with MUPTE, but 90 units were built without MUPTE. The other non- <br />MUPTE projects were generally smaller. <br /> <br />Mr. Zelenka asked what the City received for its public dollars. He liked the standards but they had no <br />benchmarks to allow the council to measure what it was attempting to achieve. Mr. Weinman said the <br />council’s evaluation of the information provided by applicants was purely subjective. Mr. Zelenka said that <br />there were scoring mechanisms to get at that information, and he had no way to do so. He did not think the <br />process allowed for that because the City could not quantify what it was buying. He asked how the City <br />would know something would not be built without MUPTE. Mr. Weinman said that financing was part of <br />the equation. Staff looked at and analyzed the pro formas to determine if they could be financed under <br />lending requirements and based its recommendation on that analysis. Lenders wanted a certain cash flow <br />from projects. <br /> <br />Mr. Zelenka requested that staff provide the council with options on making the local standards less <br />subjective and more objective, and asked for more detail about how the City knew when projects would not <br />be built without MUPTE. <br /> <br />Mayor Piercy said that one could forgive taxes or pay taxes to achieve a purpose. She said if she was to <br />vote, she would prefer to vote on shrinking the district after the council received more information. <br /> <br />The vote on the motion was a 4:4 tie; Ms. Taylor, Ms. Bettman, Ms. Ortiz, and Mr. Ze- <br />lenka voting yes; Ms. Solomon, Mr. Poling, Mr. Pyror, and Mr. Clark voting no; Mayor <br />Piercy cast a vote in support of the motion, and it passed on a final vote of 5:4. <br /> <br />Mayor Piercy adjourned the meeting at 7:25 p.m. <br /> <br />Respectfully submitted, <br /> <br /> <br /> <br />Angel Jones <br />City Manager pro tem <br /> <br />(Recorded by Kimberly Young) <br /> <br /> <br />MINUTES—Eugene City Council October 22, 2007 Page 12 <br /> Work Session <br />
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