Ordinance No. 20564 - Laserfiche WebLink

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than 20%, which would exceed the limitation. ORS 457.470(7), however, also provides that the limitations "do not apply to the extent the municipality approving a plan obtains the written concurrence of taxing districts imposing at least 75 percent of the amount of taxes imposed under permanent rate limits in the urban renewal area." Together, School District 4J and the City impose at least 75% of the amount of taxes imposed under permanent rate limits in the urban renewal area. On May 18, 2016, the Board of Eugene School District 4J voted "to concur with the Eugene City Council's proposed plan amendment to increase maximum indebtedness for the Downtown Urban Renewal District by up to $48 million in accordance with ORS 457.220 and 457.470(7)". The City concurs with that increase in maximum indebtedness by enacting this ordinance. K. Based on the recommendations of the Agency Board and the Planning Commission, and the written and oral testimony before the Planning Commission and the City Council, the City Council hereby amends the proposed Plan (the "revised, proposed Plan") and specifically finds and determines that: (1) The revised, proposed Plan includes the following: (a) Increasing the maximum indebtedness by $19.4 million, to a total of $66 million, to cover the specific projects itemized in Finding D above, with a specific prohibition on using funds for either the City Hall building or for a parking lot on the City Hall block; (b) Continued annual review of tax increment projects by the Expenditure Review Panel; (c) Additional public process, including community engagement and a public hearing, before the Agency Board can approve spending tax increment funds to construct any of the projects described in paragraphs (2), (3), and (4) in finding D above; and (d) Expanding the boundary by 7% (5 acres) to incorporate the East Park Block area and a portion of the City Hall block. (2) The area defined in the revised, proposed Plan is blighted for the reasons explained in Exhibit C to this Ordinance; (3) The rehabilitation and redevelopment described in the revised, proposed Plan is necessary to protect the public health, safety or welfare of the City; (4) The revised, proposed Plan conforms to the Metropolitan Area General Plan, State Land Use Planning Goals, the Downtown Plan, the adopted Growth Management Policies, the Vision for Greater Downtown Eugene, Envision Eugene, and other adopted City plans and policies, and provides an outline for accomplishing the urban renewal projects proposed in the revised, proposed Plan; Ordinance -- Page 3 of 4