06/13/1983 Meeting - Laserfiche WebLink

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M I NUT E S e City Council Dinner/Work Session Treehouse Restaurant June 13, 1983 5 p.m. PRESENT: Mayor Gus Keller, Emily Schue, Mark Lindberg, John Ball, Betty Smith, Dick Hansen, Freeman Holmer, Brian Obie; Micheal Gleason, City Manager; David Whitlow, Assistant City Manager; Carol James; Elaine Stewart, John Porter, Barbara Bellamy, Greg Byrne, Pat Lynch, staff; Mark Matassa, Eugene Register-Guard. The meeting of the City Council of the City of Eugene, Oregon, was called to order by His Honor Mayor Gus Keller. Ms. Stewart introduced the item of discussion for the meeting, the Downtown Development Program Funding, and referred to a letter from Louis Walker of Citizens Associates. Ms. Stewart stated that the three issues involved in the situation are: 1) the tax equity of the Downtown assessment, 2) the admini- stration of the tax, and 3) the Downtown Development District's assessment as a possible deterrent to development. She stated that this meetings is a briefing on the technical information of the two tax programs, the ad valorem tax of the ODD and the 10th and Oak Overpark District assessment. She stated that this e situation has been studied over the past six months. She then introduced Carol James to make the presentation. Ms. James presented a brief overview of the 10th and Oak Overpark District since its establishment in 1966. Displaying a map of the Overpark boundaries, Ms. James expained that the properties within the boundaries were assessed based on the square footage of the land. The assessment was weighted such that the properties immediately adjacent to the Overpark were assessed at amounts approximately four times that of the properties on the edge of the district. She then explained that the Downtown Development District was established in 1972 to support free parking and the development of the downtown area. She added that the two assessment programs are governed by two separate Eugene codes and that there is not an equitable relationship between the two programs. She added that the ad valorem tax of the DDD wi 11 have some equi ty wi th the Overpark assessment on a long-term basis. Ms. James provided the following formulas in an attempt to demonstrate how the tax rates and assessed values can be compared: Assessed Value of Property "X" = P ro~erty "X II tax Assessed Value of All Property Total ax to be Allocated Tax (All) = Tax Rate AV (All) e MINUTES--Eugene City Council June 13, 1983 Page 1