01/11/1989 Meeting (2) - Laserfiche WebLink

Home Browse Search

e e e 5. Assessed value history of significant buildings Mr. Hibschman presented a list of the 1982-88 assessed values of the Hilton, Citizens, and Aster buildings. 6. Sequence of events requiring a commitment by the City Mr. Hibschman reviewed the stages of the project to occur between January and June. An agreement to lease will allow Pankow to begin project design drawings with or without the Library shell. In February, a predevelopment agreement will outline mutual obligations and serve as an agreement to agree. Another critical event will be site preparation and utility relocation which needs to begin four months prior to building construction. In April or May, the Urban Renewal Plan will be amended by the council to authorize the expenditure of funds for the Library project and necessary adjustments to the FY90 budget will be made. In May, the final disposition and development agreement will specify the obligations of all parties, transfer the land, and allow building construction to begin. Ms. Ehrman directed a question to City Attorney Tim Sercombe regarding entering an agreement to lease before voter approval of a referendum. Mr. Sercombe said the City's commitment would be limited by contingencies written in the agreement. C. Discussion Mr. Gleason stated that the proposal meets the main goals of the council to revitalize the downtown core and to effectively deal with a Library project without radically impacting property taxes. He suggested entering the agreement to lease at this time with the contingency that voters will be asked to authorize the project in a March ballot and if the measure fails, a retail-mixed-use project would replace the Library mixed-use proposal. Mr. Gleason recommended including on that ballot a statement that a serial levy for operating and maintenance would be brought to the voters at a later time. If the measure is defeated in March, Mr. Gleason said the City would be obligated to repay Pankow for the cost of changing to a commercial-retail design for the building and he suggested that the City agree to pay the real cost, not to exceed $100,000, for the re-design. He said the public should be made aware of the comparative costs of a new Library at the Charnel ton and at the 8th and Olive sites. Mr. Gleason indicated that the operating and maintenance issue could better be addressed when details of the building itself are better known. Responding to Mr. Rutan's question, Mr. Gleason explained that if the voters fail to approve the Library as part of the mixed-use development and the project becomes a mixed-use commercial one, the City would still be involved with the parking and site development issues and with the normal process of bringing in a retailer (involVing some investment in support of the project). Answering Ms. Bascom's question, Mr. Gleason said he felt that combining a serial levy for operating and maintenance funding with a mixed-use project advisory ballot in the March election would confuse the question. MINUTES--Eugene City Council Dinner/ Work Session January 11, 1989 Page 6