10/14/1985 Meeting - Laserfiche WebLink

Home Browse Search

Mr. Jungjohann reviewed the current vacancies in the building and noted that a e few spaces had been leased, and letters of intent had been obtained on several more. He said he expected to be able to lease 100 percent of the space, but the improvements were essential. Mr. Miller asked whether the rest rooms were unsafe. Mr. Jungjohann said the merchant near the rest rooms had talked about policing them, but the security concerns had not been entirely solved yet. He added that the lights and improvements were expected to help with that problem. Mr. OWens said the commission had arrived at a strong request for the council to authorize improvements as outlined because no improvements have been made in the last 15 years. He said the construction costs of the building today would be about $8 million, and he added that the $413,000 cost of improvements was a small amount to pay for an asset of that size over a 15-year period. He said the tenant improvements might be negotiable, but members of the commission had felt that the alley improvements were a natural tie-in to the Athletic Club. He said the short-term parking was needed by tenants, and the City already had realized some cost savings in the removal of the cover at 10th and Willamette, so the same public-private cooperation might be used to reduce the cost estimate on alley improvements. Mr. Owens said the area was undergoing general improvement, and development would require attractive parking. He added that the opening of windows on the ends had been an issue of discussion, but the commission had felt that safety would be enhanced and the maintenance would be easier. Mr. Owens also noted that expert advice had e been given as to the necessity of doing the improvements in order to attract tenants. Mr. Miller said some money was in the fund from the opening of Willamette Street, but he asked where the rest of it would come from. Mr. Owens said he understood from staff that it was in the tax increment fund. Ms. Stewart said half of the funds were in the current appropriations, and the remainder would require the council to approve a supplemental budget to take funds from the tax increment reserve fund and move them to capital improvements. Mr. Owens said plans were for windows to be opened up on all levels of the garage. Ms. Schue asked whether glass would be put in to keep the rain out. Staff said no glass was planned. Mr. Hansen noted that the Parcade had 438 stalls, and the Overpark had 607, and he asked about the patterns of use. Mr. Lue11 said 260 monthly permits were sold at the Overpark, and about 190 were sold for the Parcade, and he said about an equal number of motorists used both structures. Mr. Owens said the Parcade was much better off financially because of the the large amount of commercial space generating income. Ms. Wooten asked councilors for their comments. Ms. Ehrman said she was not convinced of the need for the opening on the north and south ends. She noted that some of the signs should be kept, and the costs saved, and she said she favored the rest of the improvements. e MINUTES--Eugene City Council Dinner/Work Session October 14, 1985 Page 7