10/17/1990 Meeting - Laserfiche WebLink

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e of the Resolution Trust Corporation. The motion carried unanimously, 6:0. Mayor Miller noted that while it was not necessary to take formal action on the allocation of cash reserves as indicated, there seemed to be consensus on the council to allocate $1 million for the library project. Ms. Ehrman stated that in her experience with Library presentations, it does not appear that library site selection will be controversial; much of the public comment has been in favor of the Sears building site. In light of this, she suggested that the council direct staff to proceed with a financing package for the March election. Ms. Bascom agreed with Ms. Ehrman that citizens seem to favor the Sears building site. However, she voiced concern with placing the two issues on the ballot concurrently, noting that if the measure were not successful, it would be difficult to determine why. Responding to a request from Mr. Boles, Carol Hildebrand, Assistant Eugene Public Librarian, said that approximately 75 percent of the survey respon- dents have advised the council to proceed with a library on the Sears site. Ms. Schue cautioned the council against using survey information to base its siting decision, pointing out that this is not a scientific survey and reflects the position of those persons most interested in the library. e Mr. Gleason indicated that staff could come up with a financing proposal for the March election, but noted that it would be difficult to propose a financing package with anything more unique than a revenue-backed General Obligation (GO) Bond. Mayor Miller suggested that the council put the two questions of site selection and financing as separate measures on the ballot. Ms. Bascom supported this suggestion. Voicing his opposition to placing a financing proposal on the March election ballot, Mr. Boles said that he does not want the council to lose the opportunity to identify creative means of constructing cultural and leisure facilities. Mr. Gleason advised the council not to make a decision on this issue today. He recommended that the council direct staff to bring back the additional information that has been requested. The council agreed. Lew Bowers, Planning and Development Department, provided information on the Tiffany Building project. He said that the Tiffany Building revitalization project is almost ready and will be presented to the council soon as a supplemental budget request. Mr. Bowers explained that the City is being asked to approve a $300,000 commercial revitalization loan for renovation of the Tiffany Building. The loan has been approved by the Loan Advisory Committee, subject to the availability of loan money. The project proposal e MINUTES--Eugene City Council October 17, 1990 Page 9