12/10/1986 Meeting (2) - Laserfiche WebLink

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------ XII. APPROVAL OF CITY COUNCIL MINUTES OF SEPTEMBER 10, SEPTEMBER 24, AND OCTOBER 27, 1986 Mr. Hansen moved, seconded by Ms. Ehrman, that the council ~ approve the minutes of the City Council meetings of September 10, 1986, September 24, 1986, and Octoper 27, 1986. Roll call vote; the motion carried unanimously. The minutes of September 24 and October 27 were approved 7:0. The minutes of September 10 were approved 6:0:1 with Councilor Holmer abstaining because he was not at the meeting. XIII. APPLICATION FOR STATE OF OREGON PUBLIC WORKS INFRASTRUCTURE GRANT/LOAN City Manager Micheal Gleason introduced the item. Lee Beyer of the Development Department gave the staff report. He said Major Properties, a local developer, is interested in developing a motel, restaurant, and winery complex off Interstate 5 near the Glenwood exit. He said a State program of loans and grants would finance the public improvements necessary for the complex and the City must apply for the funding. He said the City Manager would apply for a 25 percent gran~ and a 75 percent loan if the council approves the application. The amount of the grant, loan, and any additional City costs would be passed on to the developer who could delay repayment for two or three years. The interest on the loan would be about 5 percent. Mr. Beyer discussed the process for considerating applications and said the City may back out of the application process at any time. Mr. Beyer said the City designed the proposed public improvements and asked for bids in 1984. The project did not progress because there was no demand for ~ the improvements. Mr. Beyer said the developer's ability to repay the loan will be evaluated with the same process used for the Eugene Business Development Loan Program. Mr. Holmer said support of existing businesses is very important and he wondered if the motel/restaurant industry had been asked to comment on the proposal. Mr. Beyer responded that the developer presented the project to the Board of Directors of the Convention and Visitors Bureau which indicated the project is a good one. He said the winery would be a unique asset. Mr. Hansen said he has been told Oregon wines are going to gain in popularity and the proposed development offers an economic opportunity. Mr. Hansen moved, seconded by Ms. Ehrman, that the council authorize the City Manager to submit an application for a loan/grant to the State of Oregon. Roll call vote; the motion carried unanimously, 7:0. Mayor Obie adjourned the meeting at 1:07 p.m. to December 15, 1986. ~y~ Mi ~o C ty Manager (Recorded by Betty Lou Rarick) e MINUTES--Eugene City Council December 10, 1986 Page 10