11/16/1987 Meeting (2) - Laserfiche WebLink

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Mayor Obie opened the public hearing. e Bob Levesque, 95000 Springvalley Lane, introduced himself as Director of the nonprofit American Gymnastics Training Center. He said the center is in a difficult situation because it needs a large amount of space to operate, but does not have the funds to pay for a commercial building space. The only place that fits the center's needs for large floor space and high ceilings are industrial areas. He said the center provides athletic activities for 300 children. Mr. Levesque also pointed out the industrial tenants in the area are supportive of the center. Mayor Obie closed the public hearing. CB 3002--An ordinance concerning zoning and permitted uses; amending Sections 9.439, 9.450, and 9.452 of the Eugene Code, 1971; and declaring an emergency. Ms. Ehrman moved, seconded by Mr. Holmer, that the bill be read the second time by council bill number only, with unanimous consent of the council, and that enactment be considered at this time. Roll call vote; the motion carried unanimously, 8:0. Council bill 3002 was read by council bill number only. Ms. Ehrman moved, seconded by Mr. Holmer, that the bill be approved and given final passage. Roll call vote; the motion carried unanimously, 8:0. The bill was declared passed (and became Ordinance No. 19515). e IV. TARGETED BUSINESS ASSISTANCE PROGRAM Mr. Gleason introduced the item. Jesse Smith, Financial Services Manager with the Development Department, gave a staff report. Mr. Smith said the Community Development Committee desires to expand the economic development activities financed through the Community Development Block Grant. Because of the credit restri ct ions of the Business Development Fund ( BDF), the committee is interested in expanding financial assistance to minorities, disabled individuals, and female heads of households. Mr. Smith said the experience of the committee has shown those categories of individuals often cannot get private financing. The Targeted Business Assistance Program is designed to provide financing to those groups while recognizing the risk of such loans. He said the competitive nature of the program would enable the Community Development Div;son to select the best proposals. Mr. Holmer asked if there is a possibility the loans could be collateralized. Mr. Smith responded it is not the intent of the program to seek out collateral, although if collateral is available the program would use it for the loan. Regarding female heads of households, Mr. Holmer asked if there is any attempt to distinguish between those who are better off financially. Mr. Smith said e MINUTES--Eugene City Council November 16, 1987 Page 11 ""'--