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that could not be covered by Metro’s existing contingency funds. Metro requested a loan from the City of <br />Eugene that would allow Metro to fill that gap. Staff analysis of the request determined there would be a <br />number of consequences of further delay that would result in additional project costs. Additionally, a staff <br />review of readily available resources, determined the City of Eugene could make a loan up to $450,000 and <br />that Metro has the capacity to repay the loan. Ms. Jennings added Metro received a commitment from <br />Liberty Bank to cover the balance of the gap. <br /> <br />Ms. Jennings stated that both staff and the Housing Policy Board recommended approval of Metro’s <br />request. She said if the request was approved, Metro would be able to submit its final financial packet that <br />would allow it to proceed with the State’s bond sale and groundbreaking in December. <br /> <br />Ms. Jennings understood a citizen had raised a concern that the request would be in violation of United <br />States Department of Housing and Development (HUD) regulations for public process. She offered a <br />clarification of HUD procedures, asserting that HUD did not set a specific threshold for project change <br />notification, but rather asked the City to designate the process. She added that the concern raised by the <br />citizen was based on his experience with another project that had requested additional federal funds. The <br />Metro proposal included only local funds in the additional request. <br /> <br />Due to his relationship with Liberty Bank, Mr. Papé recused himself from participating in the discussion and <br />th <br />action on the WestTown on 8 request. <br /> <br />Mr. Kelly said this was a great project at a great location. <br /> <br />Ms. Ortiz looked forward to the groundbreaking. <br /> <br />In response to Ms. Taylor, Ms. Jennings said there were nine live-work units. <br /> <br />Ms. Solomon, seconded by Ms. Taylor, moved to direct the City Manager to approve the <br />use of City funds for a loan to Metropolitan Affordable Housing Corporation for the West- <br />th <br />Town on 8 project, as proposed, and to include the necessary budget transactions on Sup- <br />plemental Budget #1 in December. The motion passed unanimously, 7:0. <br /> <br /> <br />C. WORK SESSION: Campaign Finance Reporting Process <br /> <br /> <br />City Recorder Mary Feldman offered the staff report. She said the purpose of the work session was to make <br />the council aware of the campaign finance reporting process for candidates and political committees and to <br />provide an opportunity for the council to consider whether the City of Eugene should require campaign <br />finance reports in addition to those required by the State. If additional reports were required, those reports, <br />at least, must be filed with the City elections officer. She said the cost for the City to implement its own <br />electronic system would be in excess of $700,000. <br /> <br />In response to a question from Mayor Piercy, Ms. Feldman said the new system had been developed at the <br />State level to streamline and simplify the filing process, and to reduce filing errors and violations, while <br />having a uniform procedure throughout the state. <br /> <br /> <br /> <br /> <br />MINUTES—City Council October 9, 2006 Page 3 <br /> Work Session <br /> <br />