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

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. plan approval process probably will be completed by March 1987, and that con- struction in the research park could begin in the summer of 1987. She said the independent feasibility study will be prepared, the special zoning dis- trict will be considered, and possible suitable tenants will be identified this summer. e Answering questions from Mr. Holmer, Ms. Briner said advisors have indicated that the University and the City should secure their own feasibility study to use in evaluating the development proposal. She said the developer's proposal will meet the developer's needs, and the City and the University should use their feasibility study to ensure that the proposal meets the City's needs. She said the study will indicate what will be successful in the research park, what the competition is, and what firms should be targeted. Replying to Mr. Hansen, Ms. Briner said acceptance of the predevelopment agreement will not commit the Renewal Agency financially. She said the feasi- bility study will cost about $30,000 and will be financed jointly by the University of Oregon and the Renewal Agency. She said proceeds from the tax increment district will be used for infrastructure in the research park area after the master site plan has been approved. Mayor Obie said the Riverfront Research Park Commission and the staff indi- cated at a meeting that the feasibility study will help them address such concerns as where the initial development should be and what orientation to the University the initial development should have. He said commission members want to be sure that their discussions with the developer will accomplish the community's needs. Mr. Keller said the City and University must have their own data to evaluate the developer's proposal. Mr. Holmer said he was satisfied with the explanation that the independent feasibility study and the developer's plan will give two perspectives of the same project. Mayor Obie thanked the Research Commission for its excellent work. Mr. Hansen moved, and Ms. Schue seconded, to approve the recom- mendation of the Riverfront Research Park Commission. Roll call vote; the motion carried unanimously, 6:0. Mayor Obie adjourned the meeting of the Eugene Urban Renewal Agency and recon- vened the meeting of the Eugene City Council. VI. CREATION OF A BUILDING CONSTRUCTION ADVISORY COMMITTEE (memo, background information distributed) City Manager Micheal Gleason said the Building Construction Advisory Committee (BCAC) will be a group of customers who use the City's permit system and who can advise the City on problems and procedures that affect customers. He said that competing needs, interests, and times have to be balanced. He said the committee will be an advisory one to him. . MINUTES--Eugene City Council May 27, 1986 Page 7