05/27/1986 Meeting (2) - Laserfiche WebLink

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. e e V. RIVERFRONT RESEARCH PARK UPDATE AND COMMISSION RECOMMENDATION ON RIVERFRONT PREDEVELOPMENT AGREEMENT (memo, background information distributed) City Manager Micheal Gleason introduced consideration of the Riverfront Research Park. Deputy Development Director Cathy Briner gave the staff report. She said the Riverfront Research Park Commission was created to make recommendations to the University of Oregon President and to the Eugene Renewal Agency about the development of the Riverfront Research Park. She said Gus Keller was elected Chairperson and Sally Weston was elected Vice- Chairperson of the commission. Reviewing the activities of the commission, Ms. Briner said it has reviewed the Riverfront Study, the Riverfront Urban Renewal Plan, the EWEB Master Plan, the campus planning process, the new University science complex, and the Uni- versity's research strengths. She said commission members have overseen a search-and-selection process for a project developer. After requests for qualifications were advertised nationally, the commission interviewed Maureen McAvey of the Carley Capital Group. Ms. Briner said the Carley Group has developed various projects with universities such as Northwestern University and the University of Maryland. She said the commission has reviewed a pre- development agreement drafted by the University of Oregon, the State Board of Higher Education, and City staffs. Ms. Briner introduced Gus Keller, Chairperson of the Riverfront Research Park Commission, who introduced Dan Giustina, Sally Weston, Don Corson, and Mabel Armstrong, members of the commission who were present. Mr. Keller said the Riverfront Research Park Commission recommends to the Uni- versity of Oregon President and to the Eugene Renewal Agency that they direct their staffs to negotiate a predevelopment agreement with the Carley Capital Group for a comprehensive development plan that will include a master site plan, a financial plan, and a marketing plan, and direct their staffs to ini- tiate an independent feasibility study of the research park and make the results of the feasibility study available before the master site plan is developed. He said the commission also recommends that public meetings be held on the independent feasibility study and the master site plan. He said that the UniverSity of Oregon and the City would have no obligation to proceed with the developer or the development unless they are satisfied with the site plan, the financial plan, and the marketing plan. Mr. Keller introduced John Moseley, Vice President for Research of the Uni- versity of Oregon, who represented University of Oregon President Paul Olum. Mr. Moseley said that President Olum reviewed the recommendations of the commission. Mr. Moseley read a letter to the commission from President Olum in which Mr. Olum thanked the commission for its work and said he approved the recommendations of the commission. He said he was pleased with the proposal that the University and the City negotiate a predevelopment agreement with the Carley Capital Group. Reviewing the timeline for the development, Ms. Briner said the master site planning process probably will be completed by December 1986, the master site MINUTES--Eugene City Council May 27, 1986 Page 6