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<br />Provide and promote development and community events that reinforce downtown’s role as the <br />? <br /> <br />cultural center for the city and region. <br />Reinforce the creative, distinctive culture of downtown as the arts and entertainment center of <br />? <br /> <br />the city. <br /> <br />In addition, the future development of the West Broadway Redevelopment Area is responsive to the <br />following Growth Management policies: <br /> <br />Policy 1: Support the existing Eugene Urban Growth Boundary by taking actions to increase <br /> density and use existing vacant and under-used land within the boundary more <br /> efficiently. <br />Policy 2: Encourage in-fill, mixed-use, redevelopment, and higher density development. <br />Policy 3: Encourage a mix of business and residential uses downtown using incentives and zoning. <br />Policy 10: Encourage the creation of transportation-efficient land use patterns and implementation <br /> of nodal development concepts. <br />Policy 14: Development shall be required to pay the full cost of extending infrastructure and <br /> services, except that the City will examine ways to subsidize the costs of providing <br /> infrastructure or offer other incentives that support higher-density infill, mixed use, and <br /> redevelopment. <br /> <br /> – <br />This item is also related to one of the 2007-2008 Council Goals: Downtown InitiativeFacilitate <br />significant revitalization of downtown core. <br /> <br /> <br />COUNCIL OPTIONS <br /> <br />1. Provide direction for the Agency Director to solicit offers from parties interested in an assignment of <br /> the purchase options not being exercised by the URA based on an approved methodology. <br />2. Let the purchase options expire. <br /> <br /> <br />AGENCY DIRECTOR’S RECOMMENDATION <br /> <br />The Agency Director recommends that offers be solicited from parties interested in an assignment of the <br />purchase options not being exercised by the URA based on an approved methodology. <br /> <br /> <br />SUGGESTED MOTION <br /> <br />Move to direct the Agency Director to solicit offers from parties interested in an assignment of the <br />purchase options not being exercised by the URA based on the methodology presented at this work session. <br /> <br /> <br />ATTACHMENTS <br /> <br />None. <br /> <br /> <br />FOR MORE INFORMATION <br /> <br />Staff Contact: Denny Braud <br />Telephone: 682-5536 <br />Staff E-Mail: denny.braud@ci.eugene.or.us <br /> L:\CMO\2008 Council Agendas\M080220\S080220B.doc <br />