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<br /> '" <br /> .. <br /> RESOLUTION NO. <br /> e A RESOLUTION OF THE EUGENE URBAN RENEWAL <br /> AGENCY CREATING AN ADVISORY COMMITTEE TO <br /> PROVIDE A RECOMMENDATION ON THE ESTABLISHMENT <br /> OF A TAX INCREMENT DISTRICT IN THE RIVERFRONT <br /> PARK STUDY AREA. <br /> The City of Eugene Urban Renewal Agency finds that: <br /> A. The Eugene City Council has recognized the importance <br /> of the University of Oregon to the area's economic future, and <br /> realizes the economic potential in development near the university. <br /> The Council commissioned a Riverfront Park Stud y and appointed <br /> a study committee. <br /> B The Riverfront Park Study Committee completed its <br /> work by publishing a draft Riverfront Park Study dated April, <br /> 1985. The study recommends investigating tax increment financing <br /> of public improvements in the study area. <br /> C. It is desirable to reappoint the Riverfront Park Stud y <br /> Committee as the Riverfront Park Tax Increment Advisory Committee <br /> because of its expertise. The advisory committee shall examine <br /> the formation of a tax increment district and make a recommendation <br /> to the Planning Commission and City Council on the district <br /> e boundaries and financial feasibility. <br /> The study boundary for the tax increment district <br /> D. <br /> would include the Riverfront Park Study area, and other areas <br /> the advisory committee finds appropriate under ORS 457.010(1). <br /> E. The advisory commi ttee shall address cor recting bl ighting <br /> conditions as defined 1n ORS 457.010(1) consistent with the <br /> policies recommended in the Riverfront Park Study and incorporate <br /> its findings in its recommendations to the Planning Commission <br /> and City Council in conformance with ORS 457.085. <br /> NOW, THEREFORE, <br /> BE IT RESOLVED BY THE EUGENE URBAN RENEWAL AGENCY, as follows: <br /> Based on the above findings, which are incorporated herein, <br /> the Eugene Urban Renewal Agency hereby creates the Riverfront <br /> Park Tax Increment Advisory Committee to provide recommendations <br /> on the establishment of a tax increment district in the Riverfront <br /> Park Study area. The advisory committee shall be composed of <br /> the current members of the Riverfront ParI< Study Committee, <br /> a member to be appointed by the Eugene Planning Commission, <br /> and two citizen at large members. <br /> e The foregoing Resolution adopted the 12th day of June, 1985. <br /> Director <br /> Resolution <br />