04/12/1989 Meeting - Laserfiche WebLink

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e D. Doming of Autzen Stadium Ms. Ehrman said she attended a meeting called by State Representative David Dix regarding the doming of Autzen Stadium, The University was hoping to get funding from the City to help finance a marketing study, Ms, Ehrman said she indicated that the City would probably want to know more about the project before making a contribution. She said the University will pursue private funding for the marketing study and possibly approach the City for a contribution at a later point. E, Expansion of Human Rights Task Force Mayor Miller asked councilors to consider a proposal to expand the Human Rights Task Force to include members of the Native American and hearing- impaired community, No councilor voiced opposition to his request, II. WORK SESSION: URBAN RENEWAL DISTRICT--SITE DEVELOPMENT A, Pankow Development Abe Farkas, Director of Planning, Development and Building, reviewed the Memorandum of Understanding between the City and Pankow Development Company for a development at 8th Avenue and Willamette Street, The project will be a mixed-use development including office, retail, and parking uses, e Mr. Farkas said the first section of the memorandum describes the project. It is a 175,000-square-foot office and retail complex, The building design has been somewhat modified since the library project has been dropped. These changes include replacement of the first floor of the library with retail or service uses, substitution of parking for the second floor of the library, and the possible elimination of one floor of the office tower. Mr. Farkas said staff anticipates a minimum of 250 parking spaces to be developed for the project; it is more likely that approximately 400 spaces will be developed in three levels. The parking will be financed with a loan of approximately $2.5 million from the City's parking reserve fund. If 400 spaces are developed, Pankow will receive an additional loan of $1.5 million in tax increment funds. Mr, Farkas stressed that because this site is in a parking-exempt zone, Pankow would not have to provide parking for this site, He said the company is willing to undertake the responsibility and debt for operation and maintenance of the parking structure if the loans are provided. Mr, Farkas said the Memorandum of Understanding specifies that the parking would be used by employees during the week, but will be available for public use in the evenings and on weekends. Final terms associated with public use of the parking structure have yet to be negotiated, Mr. Farkas said the City will secure: ten percent of the annual cash flow from the project after five years; five percent of the refinance gain e MINUTES--Eugene City Council April 12, 1989 Page 2