Laserfiche WebLink
<br /> e Mr. Rutan agreed that the council should be as inclusive as possible about <br /> projects that might be occur in the urban renewal district. He suggested <br /> that the projects be categorized as to how likely they are to occur. <br /> Ms. Bascom thought inclusion of the library as a possible urban renewal <br /> project was consistent with existing council policy. She pointed out that <br /> the first-choice site of the library task force fell within the boundaries of <br /> the urban renewal district. <br /> Mr. Bennett said many members of the public misunderstand the concepts of <br /> urban renewal and tax increment financing. He expressed concern that the <br /> public would think that a library built in the urban renewal district would <br /> eventually be paid for with tax increment money generated by the project. <br /> Mr. Bennett said that this is an unrealistic expectation. Ms. Schue agreed <br /> that the costs of a library could never be financed completely with tax <br /> increment funds, but she pointed out that an urban renewal district could <br /> make contributions to the construction of a library. <br /> Mr. Bennett suggested that the council discuss the financial plan at its <br /> upcoming process session. He did not feel the council had given tentative <br /> approval to some of the projects that were already included on the project <br /> list. Mr. Bennett added that his main concern with including the library on <br /> the project list is the cost. He said development of a library would be very <br /> expensive and would foreclose other development opportunities in the urban <br /> renewal district. . <br /> e Mr. Holmer pointed out that in the past, the council has adopted the urban <br /> renewal plan, but not the accompanying financial report. He urged the <br /> council to adopt the financial report when it is completed. <br /> Mr. Holmer asked whether tax increment money can be used for a project.which <br /> lies outside the urban renewal district, but which would benefit the district <br /> (e.g., relocating the LTD transfer station). Mr. Hibschman said staff would <br /> explore this issue. <br /> Ms. Bascom suggested that the council estimate costs only for those projects <br /> about which it is certain--development parking loans, site development <br /> projects, bUilding rehabilitation/reuse loans, and street redesigns. She <br /> suggested that the other projects be included on the list as projects in <br /> which the council has a conceptual interest. Mr. Rutan thought this was a <br /> good approach, but that the financial plan should include an acknowledgement <br /> that additional planning would be needed in the future to account for <br /> necessary improvements in the expanded district. <br /> Mr. Gleason said that in order to facilitate discussions with developers, <br /> staff needs clear council direction about how and when urban renewal funds <br /> will be spent. <br /> Mr. Holmer asked how the council can set clear direction about how money will <br /> be spent, when the district is to be expanded and the council does not have a <br /> e MINUTES--Eugene City Council July 26, 1989 Page 6 <br />