06/16/1982 Meeting - Laserfiche WebLink

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. e Council Bill 2490 was read the second time by council bill number only. Mr. Obie moved, seconded by Mr. Hamel, that the bill be approved and given final passage. Roll call vote. All councilors present voting aye, the bill was declared passed and numbered 18992. VII. EXPENDITURE OF EPAC BOND INTEREST RESERVE FUND (memo distributed) Mr. Gleason introduced Ed Smith, Development Director. Mr. Smith said that the total interest to date from the EPAC bonds was $5,676,078, with $4,747,753 having been spent. He said that $928,325 remained. He said that the request before the council was to authorize expenditure of $871,000. Mr. Smith reviewed the list of recommended uses for this bond interest, which included additional lighting, clean-up work on the site after construction is completed, design costs, project administration costs, installation of a wooden floor in the small performance hall, extension of the Construction Manager's contract, construction of administrative offices in the basement of the building, increases in the architectural program, purchase of furniture and equipment, work on the sound system, funds to develop the arcade area, and contingency funds. Mr. Smith noted that a number of these items would be reimbursed by the Eugene Arts Foundation, as the foundation's cash flow allows. Councilor Wooten asked the status of the development of the arcade shops. Mr. Smith responded that the Eugene Renewal Agency had allocated $344,000 for this e project, with $150,000 to be spent on construction on the lower level and $194,000 to be spent to blend the EPAC area in with the Conference Center steps and central deck area. Mr. Smith said that more work would be needed to complete development of this area. Ms. Wooten said that when the arcade was near completion, she would like to have a report back to the council so that councilors could have an opportunity to ask questions and discuss this project. Mr. Obie moved~ seconded by Mr. Hamel, to authorize expenditure of the EPAC Bond Interest Reserve Fund as outlined. Roll call vote; motion carried unanimously. Mr. Gleason noted that change orders have only amounted to approximately 1 percent of the construction costs of the project. He congratulated Mr. Smith on this excellent record. VIII. COUNCIL DIRECTION TO INITIATE REFERRAL OF POTENTIAL METRO PLAN AMENDMENT TO OTHER JURISDICTIONS (memo distributed) Mr. Gleason noted that councilors had discussed this item during the lunch/work session preceding this meeting, as a part of their discussion of the Willow Creek Refinement Plan. e MINUTES--Eugene City Council June 16, 1982 Page 9