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<br />? <br /> <br />Actively pursue public/private development opportunities to achieve the vision for an active, <br />vital, growing downtown. <br />? <br /> <br />Use downtown development tools and incentives to encourage development that provides <br />character 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 <br />of 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 <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 <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 /> – <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 />Should the City receive a bid or bids for an assignment of purchase options, the URA Board could: <br />1. Provide direction for the Agency Director to accept or reject specific offers from parties interested in <br /> an assignment of the purchase options. <br />2. Let the purchase options expire. <br /> <br /> <br />AGENCY DIRECTOR’S RECOMMENDATION <br /> <br />The Agency Director will make a recommendation at or prior to the March 12 meeting, depending on <br />the receipt of bids. <br /> <br /> <br />SUGGESTED MOTION <br /> <br />None at this time. <br /> L:\CMO\2008 Council Agendas\M080312\S080312A.doc <br /> <br />