01/09/1991 Meeting - Laserfiche WebLink

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e the remalnlng portion of the site, but emphasized that Lorig and Associates will remain flexible on possible uses in order to gain the most beneficial use of the lot. Mr. Bodenhammer concurred with Mr. Lorig on the U.S. Bank's vital interest in the future of downtown Eugene. He noted that U.S. Bank has agreed to rent office space from Lorig and Associates in order to meet its needs for expan- sion and consolidation of bank operations in Eugene. Mr. Bodenhammer com- mented on the lack of suitable office space that presently exists in downtown Eugene and said that the Lorig proposal would help increase this supply in the downtown core area. Responding to a question from Ms. Ehrman, Mr. Bodenhammer said that after moving into a new location on 8th and Willamette, the bank wants to dispose of the building it currently owns in the most cost-effective manner possible and has proposed a land swap with the City. Responding to a question from Mr. MacDonald, Mr. Lorig said that Lorig and Associates would remain flexible about the use of the remaining portion of the site. e Lew Bowers, Planning and Development Department, provided the council with a timetable for the proposal. Noting that a citizen review committee is cur- rently taking action on the RFP, he said that the council is scheduled to review and take action on this proposal by resolution on February 7, 1991. Under this time line, building occupancy would occur in 1993. In an effort to expedite this time line, Ms. Ehrman questioned whether it would be necessary for both the Downtown Commission and the City Council to hold a public hearing on this issue. She suggested that the council, with input from the Downtown Commission, be responsible for hearing public input. The council supported this suggestion. Mr. Boles expressed concern with the recent incidence of bank failures na- tionally and asked staff to review U.S. Bank's financial competency before accepting this proposal. He suggested that this information be sent to the citizen review committee. Mr. Gleason said that such an evaluation would be done routinely and ex- pressed his faith in the financial strength of the U.S. Bank. Ms. Ehrman thanked Lorig and Associates and the U.S. Bank for their support and commitment to Eugene downtown. Mr. Rutan asked that the Design Review Committee consider the feasibility of a public plaza concept for the remaining space. e MINUTES--Eugene City Council January 9, 1991 Page 4