02/28/1977 Meeting - Laserfiche WebLink

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e IV-A-3 e e was an inadequate showing of pUblic need regarding housing. He said there was no need to rush into a decision, but that more industrial and commercial and housing locations should be developed within the city of Eugene. He also wanted to wait and see if the annexation would be approved by the Boundary Commission. Mr. Delay said that he did not believe there was a case made for a need for rezoning to C-1 and R-1. He would agree to allowing for the M-1 rezoning, and hold off on the others for more information. Vote was taken on the motion, which passed with Council members Bradley and Delay voting no; Haws, Hamel, Williams, Lieuallen, and Qbie voting yes, and Smith abstaining. Lacking unanimous consent, the matter was set over for second reading to March 14. E. Code Pmendment re: Downtown Developemnt District--amending Sections 3.700, 3.705, and 3.720; adding Sections 3.730, 3.735, 3.740, and 3,745; and declaring an emergency Manager indicated that at the January 24 meeting there had been some objection to the proposed amendment from the banks. He said in the ensuing two weeks, meetings had been held with the banks, savings and loan associations, and other consumer financing insti- tutions in the city. A compromise amendment had been worked out and approved by all three institutions. The ordinance as it now reads will now provide for a quarterly tax which will apply to five-tenths of one percent of time deposits and one and three- fourths percent of demand deposits; resulting in annual rates of two percent and seven percent, respectively. Estimated annual revenue is $20,400 from banks and $13,800 from savings and loans, for a total of $34,200. Public hearing was opened. Navarre Davis, 3556 Black Oak Road, indicated as Chairman of the Downtown Development Board, the Board was in complete support of the adoption of the ordinance as it now reads. He said the rates had been adjusted to reflect demand deposits for all three insti- tutions and would urge adoption because the groups have publicly recognized their responsibility to support parking programs; and the Downtown Development Board is responsive to the concerns and has made the compromises outlined in the amendment. Public hearing was closed, with no further testimony being presented. C.B. 1319--amending code re: Downtown Development District; amending Sections 3.700, 3.705, and 3.720; adding Sections 3.730,3.735.3.740, and 3.745; and declaring an emergency was read by number and title only, there being no Council member present re- questing that it be read in full. Mr. Haws moved, seconded by Mr. Hamel, that the bill be read the second time by Council number only, with unanimous consent 2/28/77 --19 155