Laserfiche WebLink
<br />Preliminary negotiations with Beam Development indicate a need for URA financial participation. The <br />th <br />undefined project for the10 and Charnelton site may also entail URA financial participation. Any costs <br />for these projects would have to come out of the remaining amount shown in this chart, or the City <br />would have to find additional funds from other sources. <br /> <br />Timeline <br />As set out at the February 11 meeting, there are several steps to go through prior to closing on any <br />property acquisition, which is expected to occur by June 24. The timeline from the February 11 <br />presentation is included as Attachment A. <br /> <br /> <br />RELATED CITY POLICIES <br />Future redevelopment of the West Broadway Redevelopment Area is consistent with the policies and <br />implementation strategies included in the Downtown Plan, including: <br /> <br />? <br /> <br />Downtown development shall support the urban qualities of density, vitality, livability and diversity <br />to create a downtown, urban environment. <br />? <br /> <br />Actively pursue public/private development opportunities to achieve the vision for an active, vital, <br />growing downtown. <br />? <br /> <br />Use downtown development tools and incentives to encourage development that provides character <br />and density downtown. <br />? <br /> <br />Promote multi-story, mixed-use structures downtown through financial incentives or code <br />amendments. <br />? <br /> <br />Stimulate multi-unit housing in the downtown core and on the edges of downtown for a variety of <br />income levels and ownership opportunities. <br />? <br /> <br />Provide and promote development and community events that reinforce downtown’s role as the <br />cultural center for the city and region. <br />? <br /> <br />Reinforce the creative, distinctive culture of downtown as the arts and entertainment center of the <br />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 <br />increase density and use existing vacant and under-used land within the boundary <br />more efficiently. <br />Policy 2: Encourage in-fill, mixed-use, redevelopment, and higher density <br />development. <br />Policy 3: Encourage a mix of business and residential uses downtown using incentives and <br />zoning. <br />Policy 10: Encourage the creation of transportation-efficient land use patterns and <br />implementation 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 <br />providing infrastructure or offer other incentives that support higher-density infill, <br />mixed use, and redevelopment. <br /> <br /> F:\CMO\2008 Council Agendas\M080227\S080227B.doc <br /> <br />