Laserfiche WebLink
8. Water Delivery System <br />According to the Eugene Water and Electric Board, the water delivery system <br />throughout the original Downtown Urban Renewal District is in sufficient condition <br />and of sufficient capacity to support additional development. <br />B. Social Conditions <br />1. Housing <br />Census 2010 data reports that there are 194 housing units in census blocks that <br />cover the Plan Area and that housing in the Plan Area is completely renter occupied <br />and market rate. Since 2010, an additional 115 housing units have been built, a <br />majority of which are student housing at the Lane Community College Downtown <br />Campus that has 75 apartment units for 255 residents. <br />2. Socio -Economic <br />As of Census 2010, 264 people were living in Census Blocks that cover the Plan Area. <br />Since then, 115 new housing units were built in the Plan Area contributing to a <br />potential increase in population. In and surrounding the Plan Area, the median <br />income was substantially lower than the City median income. See Table 3 below. <br />See Appendix Exhibit C for a map of census boundaries. <br />Table 3. Median Household Income <br />Data: Census ACS 2010-2014, Table 819013 <br />3. Employment <br />In April 2014, there were 309 employers and 4,533 employees in the Plan Area <br />(QCEW 2014). The largest employers in the district were the City of Eugene, Sykes <br />Enterprises and Venture Data (InfoUSA 2014). Data: Lane Council of Governments, <br />Oregon Employment Department 2014 -April Quarterly Census of Employment and <br />Wages (QCEW). InfoUSA - April 2014. <br />C. Economic Conditions <br />1. Value of Property- <br />The FY16 taxable assessed value for the entire City is $13,931,659,840. The total <br />assessed value for the Plan Area as of FY16 is $181,601,898. Table 4 below <br />demonstrates that the frozen base for the two combined urban renewal districts is <br />well below the 15% limit imposed by ORS 457. <br />Table 4. Assessed Value of the Frozen Base <br />Downtown Urban Riverfront Urban Total as a % of <br />Renewal District Renewal District Total City AV <br />Frozen Base $33,599,118 $50,609,448 $81,996,439 0.6% <br />Report on the 2016 Amendment <br />Median Margin of Error <br />Household Income <br />City of Eugene $42,715 +/-1,045 <br />Census Tract 3900, Block Group 1 $12,288 +/-2,703 <br />Census Tract 3900, Block Group 2 $11,633 +/-3,239 <br />Data: Census ACS 2010-2014, Table 819013 <br />3. Employment <br />In April 2014, there were 309 employers and 4,533 employees in the Plan Area <br />(QCEW 2014). The largest employers in the district were the City of Eugene, Sykes <br />Enterprises and Venture Data (InfoUSA 2014). Data: Lane Council of Governments, <br />Oregon Employment Department 2014 -April Quarterly Census of Employment and <br />Wages (QCEW). InfoUSA - April 2014. <br />C. Economic Conditions <br />1. Value of Property- <br />The FY16 taxable assessed value for the entire City is $13,931,659,840. The total <br />assessed value for the Plan Area as of FY16 is $181,601,898. Table 4 below <br />demonstrates that the frozen base for the two combined urban renewal districts is <br />well below the 15% limit imposed by ORS 457. <br />Table 4. Assessed Value of the Frozen Base <br />Downtown Urban Riverfront Urban Total as a % of <br />Renewal District Renewal District Total City AV <br />Frozen Base $33,599,118 $50,609,448 $81,996,439 0.6% <br />Report on the 2016 Amendment <br />