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M I NUT E S EUGENE CITY COUNCIL - June 28, 1976 ~ Adjourned meeting - from June 14, 1976 - of the Common Council of the city of Eugene, Oregon, was called to order by His Honor Mayor Lester E. Anderson at 7:30 p.m. on June 28, 1976 in the Council Chamber with the following Council members present: Gus Keller, Eric Haws. Wickes Beal, Tom Williams, Neil Murray, Ray Bradley, D.W.Hamel, and Edna Shirey. Also present for joint session concerning Early Financial Settlement for the Central Eugene Project (Oregon R-18) were Eugene Renewal Agency members Joan Mazo, Irving Henning, Ruth Miller, Frank Shearer, and Wallace Swanson. Renewal Agency members Harry Farrell and Williams Korns were absent. . I-A-l I - Early Financial Settlement, Central Eugene Project (Oregon R-18) Manager explained that the proposed early financial settlement does not mean renewal activity will stop. On the contrary, the Department of Housing and Urban Development is willing to "settle up" at this point and provide funds for continuation of the downtown project based on previous commitments under terms of an agreement to be entered"into between the city, Eugene Renewal Agency, and the Federal government. He said it would be to the advantage of the city and the Renewal Agency to proceed with early settlement. Charles Kupper, director of the Renewal Agency, reported that the early financial settlement would permit settlement of accounts prior to completion of the downtown project. He explained that under early settlement, if there is a surplus of funds, e the city may request those funds from HUD for locally controlled completion of the project or other projects. There will be an $850,000 surplus from the Central Eugene Project, he said. He noted three HOD requirements in making application for early settlement: A co-operation agreement between the city and the Renewal Agency; a close-out agreement between the city, Renewal Agency, and HUD; and a formal application to HUD for early financial settlement. Mr. Kupper detailed the terms of the agreements, copies of which had already been distributed to Council members and Renewal Agency members, and requirements of the early financial settle- ment application. He said the close-out agreement had been reviewed with the Housing and Community Development Commission where it was declared appropriate to meet the objectives of Eugene's community development. Public hearing was held with no testimony presented. Councilman Murray, for clarification, commented that the early financial settlement was endorsed unanimously by the HCDC with the understanding that since funds forth- coming will be allocated as part of an amendment to the Community Development applica- tion, the Commission should have the chance for review and comment. Mr. Keller moved second by Mr. Haws to authorize the early financial settlement and approve the close-out agreement as presented, and call a public hearing on July 12, 1976 in this regard. Motion carried unanimously. Joint session with the Eugene Renewal Agency was adjourned. and the Council continued e in its adjourned session. -, 6/28/76 - I 3liL