10/26/1983 Meeting - Laserfiche WebLink

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but to pull together the data on the involved groups and then attach the likely e goals for those groups. He said staff wanted the groups to adopt their own draft to avoid any confl ict. In response to a question by Ms. Wooten, Mr. Holmer said the staff was presenting a structure for review without any information on how broadly staff was interpreting the area of culture. Ms. Wooten said a mailing list of the involved groups could be provided. Mr. Holmer al so ques- tioned the general outline of the structure. Ms. Wooten said it was not necessary to study the outline in detail because it was only a process and had already been studied by numerous subcommittees. Ms. Schue agreed that it was only a process that the council wanted staff to complete. She said she wanted to hear the general outline and that it was an inclusive outline, but she did not want the council to control it. Ms. Wooten said the council would have an opportunity for comment prior to the community event and that as many parties as possible would be involved. Councilor Obie suggested that the item bp. held over to the next Wednesday meeting for any further discussion. Councilor Lindberg said he was ready to vote, but he said the council was having many para11 e1 di scussions on process. He suspected that it might be appropriate to have staff study the issue and make a presentation to the council at some 1 ater work session. Councilor Smith said the agenda stated this item was for information only and therefore council did not have to take any action at that time. She suggested that councilors could present their concerns or suggestions to staff and agreed e with Mr. Obie's suggestion to hold the item over to the next Wednesday meeting. XII. EUGENE BUSINESS DEVELOPMENT FUND UPDATE (memo distributed) City Manager Michea1 Gleason introduced the agenda item. Elaine Stewart of the Eugene Development Department presented the staff report. She said the item would return to the council on November 16, 1983, for final approval. In response to anticipated questions about the loan program, she said the process had taken a long time due to the development of the loan program itself and the del ay in obtai ning speci fie regul ations from HUD. She said the Community Development Division was positioning itself to respond to interim regulations and that the CDD was working was HUD. To respond to the question of whether the City should be in the loan business, Ms. Stewart introduced Clark Compton, President of the Bank of the Northwest, and Gary McNaught, co-founder of the Business Information Center. Mr. Compton said the City should be involved in the loan business since the City was making loans that would not have otherwise been made. He said the loans were designed to create and retain employment in the community and that the City was working, not competing, with the lenders in assisting the business community. He said the goals of the program were to create and retain employment and to minimize City cost and time, thus maximizing the borrower and lender involvement. He reviewed the specifics of the program as described in the EDD memorandum of October 18. He then discussed the process of the loans to be made, stating that the City would be providing 25 percent of the loan amount and the private lenders e MINUTES--Eugene City Council October 26, 1983 Page 10