12/04/1991 Meeting - Laserfiche WebLink

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e panded project. Mr. Farkas said that tax increment financing would be ex- plored as part of the planning process. Councilors took a straw vote on whether staff should explore a general obli- gation bond (GO Bond) as a funding source. The vote passed, 5:3. Councilors took a straw vote on whether staff should explore a serial levy as a funding source. The vote passed, 5:3. Mr. Farkas said that representatives from the Whiteaker neighborhood have expressed an interest in pursuing neighborhood revitalization. He said that if a revitalization district was created in the Highway 99 area, it could be expanded up to 20 percent and possibly extend into the Whiteaker neighbor- hood. Following further discussion, councilors expressed unanimous support for staff to proceed with a comprehensive planning process to address the revi- talization needs of Highway 99N and the Whiteaker neighborhood and to explore identified funding sources. Mr. Whitlow said that after conferring with staff, $125,000 was a closer estimate to cover the initial planning costs. Ms. Bascom moved, seconded by Mr. Green, to authorize an upper limit of $125,000 for this planning process to come from the General Fund Contingency Fund and that maximum recovery of e this amount be documented. Roll call vote; the motion passed unanimously, 8:0. Mr. MacDonald announced that he had to leave early for an appointment at 1:30 p.m. Mr. Boles asked staff to obtain estimates from EWEB for alternatives to undergrounding utilities. III. WORK SESSION: 11TH AND WILLAMETTE DEVELOPMENT SITE PROPOSAL ~ Department of Public Safety Director Dave Whitlow introduced the topic. Bob Hibschman, Planning and Development Department, gave the staff presentation. The council was asked to review the recommendation from the Downtown Commis- sion and accept the proposal for the development of the 11th Avenue and Willamette Street site and to direct staff to develop firmer recommendations on how to proceed with the project. One response was received from the re- quest for proposal (RFP) released April 1991. The proposal was reviewed by a citizens committee and the Downtown Commission, and was found to meet the criteria contained in the RFP. The citizen committee had findings and recom- mendations similar to those of the Downtown Commission, suggesting that a different site would be more appropriate. Mr. Hibschman presented a schemat- ic view of the proposal. The proposal is for a mixed-use project that con- tains 75 units of rental housing and 75 parking spaces in an underground e MINUTES--Eugene City Council December 4, 1991 Page 7