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<br />Continuing, Mr. Klein related that the final question was in regard to the penalty provision. He stated that if <br />the property was demolished the code would require that before any construction was undertaken all of the <br />according permits would have to be obtained. He said it was trickier to find an objective standard to apply <br />for potentially penalizing someone who purchased a building and then left it vacant. <br /> <br />Ms. Bettman appreciated the response to her questions. She thought the public benefit language should be <br />more general, e.g., that the bid would be given on the basis of criteria including the highest bid and the City <br />Manager could then refuse a bid on any grounds. She wanted there to be enough discretion to move forward <br />quickly and to also take into account the public benefit. <br /> <br />Mr. Klein suggested one thing to consider would be to add something that said the bid would go to the <br />highest bidder subject to a determination by the agency or the City Manager that the purchase of develop- <br />ment was consistent with the provisions set forth in the West Broadway Development Advisory Committee <br />report. <br /> <br />Ms. Bettman felt the recommendations in the report had been so broad that she could “not imagine that <br />anything would not fall under” them. She suggested that the language say “the agency” as opposed to “the <br />Agency Director.” <br /> <br />Mr. Klein said they could certainly provide that the proposal should include the amount of the bid and an <br />explanation of what the proposer believed the public benefits to be. <br /> <br />Mr. Pryor, seconded by Ms. Bettman, moved to direct the Agency Director to solicit offers <br />from parties interested in an assignment of the purchase options not being exercised by the <br />Urban Renewal Agency based on the methodology presented at this work session. <br /> <br />Ms. Taylor moved to substitute a motion to direct the Agency Director to solicit offers from <br />tenants interested in an assignment of a purchase option no being exercised by the Urban <br />Renewal Agency based on the methodology below: <br />? <br /> Request for bids will be delivered to tenants of a building covered by an option. <br />? <br /> Minimum bid will be established at the total of the Urban Renewal Agency’s option <br />money payment(s). <br />? <br /> Only tenants may submit bids. If multiple tenants of a building submit bids, then <br />the tenant submitting the highest bid will be awarded the assignment. <br />? <br /> If no tenant submits a bid, then the option will expire. <br />? <br /> A “memo of offer” or form will be created by the Urban Renewal Agency to be <br />used by bidders to submit their bids. The offer will include a bid amount and de- <br />scription of the delivery of cash. <br />? <br /> Offers will be accepted up to a deadline, and the bids will be opened publicly. <br />? <br /> Agency Director will review the bids, and provide notice to highest bidder within a <br />specific time period. Successful bidder will need to deliver cash and sign a “memo <br />of intention: within a specific time period. <br />? <br /> Final decision will be made by the Agency Director based on highest bid. <br />? <br /> If a building is demolished, new construction must being within 6 months of demo- <br />lition. <br />? <br /> If construction does not begin within 6 months, the owner will pay to the Urban <br />Renewal Agency an amount equal to 5 percent of the purchase price for every 6 <br />month period in which there is no new construction. <br /> <br /> <br />MINUTES—Eugene City Council February 20, 2008 Page 3 <br /> Work Session <br /> <br />