11/28/1990 Meeting - Laserfiche WebLink

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---- e importance of using SDC revenues to pay for the construction of new schools, it could not identify a logical way to do it. Mr. Nicholson urged the council to be aware of the barriers to housing devel- opment which will be created as a result of increased development costs through the implementation of higher SDCs. Mr. Rutan voiced concern with the proposed community involvement committee structure. Specifically, he expressed concern that the committee does not contain a representative from the development community and felt that the Metro Partnership's position could be easily communicated without committee representation. He suggested that the Council Committee on Committees return to the council with a revised committee structure recommendation. II 1. WORK SESSION: DISCUSSION OF THE OVERPARK lew Bowers, Planning and Development Department, gave the staff presentation. He reminded the council that last year during the new library financing dis- cussions, the City Council asked the staff team to identify any and all li- brary financing options. One option identified was the possible sale of City-owned assets, such as the existing library, the Overpark, and various other miscellaneous properties. The specific possibility of selling the Overpark was highlighted by several inquiries from potential purchasers. Since that time, staff has requested and received an initial legal opinion on the sale of the Overpark, the results of which were that no legal restric- e tions to the sale of the facility were identified. The proceeds of the sale could be used for any council priority. Mr. Bowers reported that past policy dictates that the City only gets in- volved in parking when the private sector cannot make it work. The City's primary role is to subsidize capital construction costs which foster urban development, to provide adequate parking in the parking-exempt zone, and to operate parking garages on a break-even basis. Mr. Bowers indicated that the City has received some interest in potential Overpark sale. He noted that the City has an agreement with the downtown athletic club providing them with the right-of-first refusal which would have to be honored or renegotiated, if the City chose to proceed. Mr. Bowers provided the council with a list of pros and cons to the sale. Pros: the City's policy with respect to parking in that area has already been met; the sale would provide monetary resources to pay for other projects; the garage would generate taxes; and the sale could reduce some administration and capital expenses. Cons: because the garage was initially assessed through an assessment district, people who paid funds into that did not have the expectation that it could or would be sold; a likely increase in parking rates; a public perception of the loss of control over this facility, and the creation of a disincentive for office use with increased parking rates, resulting in a perception that developing downtown might be seen as less competitive. e MINUTES--Eugene City Council November 28, 1990 Page 9 -