06/12/1985 Meeting - Laserfiche WebLink

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V. CREATION OF A TAX INCREMENT DISTRICT ADVISORY COMMITTEE (memo e distributed) City Manager Micheal Gleason introduced the agenda item. Gary Long, Director of the Eugene Development Department, gave the staff report. He said the council had been informed about establishment of a planning committee to set up a tax increment district in the Riverfront area. Reviewing the Riverfront schedule, Mr. Long said the Riverfront Tax Increment Planning Committee will be appointed June 26, the Riverfront Park Study will be adopted by the council in late June or early July, a master developer will be appointed and the joint venture agreement with the Riverfront Research Park, Inc, will be reviewed in July, the master developer exclusive negotiating agreement will be approved in July, and the council will hold a public hearing and then approve the tax allocation plan in September. Mr. Long said tax allocation plans in effect before September 18 will not be changed if the State sales tax passes on that date. The staff will recommend that the tax increment district boundaries be the same as the Riverfront Park Study boundaries, Mr. Long said. The last scheduled project is the formulation of a financial plan and the City's role in the financial. plan. Ms. Wooten discussed the Tax Increment District Advisory Committee and said she would like two additional members. Ms. Ehrman agreed with Ms. Wooten's suggestion and recommended that someone e from the financial community be appointed. Ms. Schue agreed with Ms. Wooten and Ms. Ehrman. Mayor Obie adjourned the meeting of the Eugene Urban Renewal Agency and reconvened the meeting of the Eugene City Council. VI. ANNUAL COMMUNITY DEVELOPMENT BLOCK GRANT STATEMENT OF OBJECTIVES (memo, background information distributed) City Manager Micheal Gleason introduced the agenda item. Rich Weinman of the Eugene Development Department gave the staff report. He said the statement of objectives implements the first year of the three-year plan of Community Development Block Grants. It includes economic development, housing, and social service activities. Mr. Weinman said the statement of objectives was incorrectly advertised in the newspaper. It will be run again correctly. Any comments will be presented to the council. Ms. Ehrman said a large advisory group suggests needed capital improvements for social service agencies. Ms. Wooten hoped the administrative costs will be reduced in the future. e MINUTES--Eugene City Council June 12, 1985 Page 8