08/13/1984 Meeting (2) - Laserfiche WebLink

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x. APPLICATION FOR OREGON BUSINESS DEVELOPMENT FUND (memo, resolution, e background information distributed) Assistant City Manager David Whitlow introduced the agenda item. Greg Byrne of the Eugene Development Department presented the staff report, reviewing the August 8, 1984, EDD memorandum to the City Council. He explained that the City Council was not required to evaluate the financial aspects of the applica- tion or make any judgment of the financial feasiblity of the company involved. He said the council was only required to review the application and state by approval of the application that it had no objection to the consideration of the Studio 9 application by the Oregon Business Development Fund. Mr. Byrne stated that Studio 9 was founded in Eugene and was involved in the fashion clothing industry, with its primary markets in Southern California and the Southeast and Northeast United States. He added that the downtown branch of Oregon Bank was the private lender involved in the application. In response to a question by Councilor Ehrman, Mr. Byrne stated that Oregon Pacific Development Corporation was the local institution which packaged loans for applicants. He said no review of the loan for feasibility had occurred at this time, stating that approval by the council was an eligibility process which the loan must pass before being presented at the State level. Councilor Wooten asked staff to bring back to council information further clarifying the fund and providing council with additional information on the criteria for eligibility, etc., for the program. Res. No. 3874--A resolution recommending the Oregon Business Development fund project proposed by Studio Nine Productions. e Ms. Wooten moved, seconded by Ms. Schue, to adopt the resolution. Councilor Ehrman commented that the council might have to choose between groups in the future. Roll call vote; the motion carried unanimously, 8:0. XI. CONVEYANCE OF CITY RIGHT-OF-WAY TO LANE COUNTY--SOUTH WILLAMETTE IMPROVE- MENT PROJECT (memo, ordinance, exhibits distributed) Assistant City Manager David Whitlow introduced the agenda item. Walt Haniuk of the Parks and Recreation Department presented the staff report. Briefly reviewing his July 31, 1984, memorandum to the City Manager, Mr. Haniuk explained that the needed right-of-way was for improvement of South Willamette Street from 52nd Street to Fox Hollow Road. He said staff had reviewed the proposal and found that the improvement will facilitate the ingress and egress on the four park properties affected. He said the City Attorney reviewed the proposal and advised that the City Council must convey the request for right-of- way by ordinance. CB No. 2772--An ordinance authorizing execution of four bargain and sale deeds to Lane County, Oregon, for street purposes; and declaring an emergency. e MINUTES--Eugene City Council August 13, 1984 Page 10