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<br />March 11, 2019, Work Session – Item 2 <br />building supplied steam to downtown properties until it was decommissioned in 2012. EWEB spent approximately $1 million in remediation and demolition of the boilers and pipes that contained asbestos. Even with a vacant and remediated building, renovation of this structure may require financial assistance to transform it for a new use, as envisioned by the public engagement process and documented in the EWEB Riverfront Master Plan. In April 2018, the Agency Board approved a process and criteria to select a developer for redevelopment of the Steam Plant. In August, the City invited a local team led by Mark Miksis, of deChase Miksis, and Mark Frohnmayer, of Arcimoto, to prepare a full proposal for the redevelopment of the Steam Plant. The team is in the process of assessing the building’s potential, bringing in architects, engineers and other experts and beginning to explore a financing strategy, and has recently completed public engagement. More information can be found at the Steam Plant webpage (https://www.eugene-or.gov/3875/Downtown-Riverfront-Steam-Plant). Following public engagement, the Riverfront Urban Renewal District advisory committee, River Guides, will evaluate the proposal using the Agency Board-approved criteria and make a recommendation to the Agency Director and Board. The Agency Board is scheduled to review the proposal on April 8 and will be asked to take action on whether or not to authorize the Agency Director to move forward and negotiate deal points with the team. Should the Board authorize negotiation, there would be a subsequent work session in early summer on the deal points. The project will likely have a financing gap that will require outside investment but it is currently not known whether they will request assistance from the Agency. <br />Affordable Housing – Lot 10A: The Agency Board approved terms for selling lot 10A to Williams & Dame Associates at fair market value for development of no fewer than 75 units of affordable housing at or below 60 percent of the area median income. WDA is partnering with Bridge Housing and is currently figuring out the details of a financial model for the project. The project will have a financing gap that will require outside investment but it is currently not known whether they will request assistance from the Agency. <br />Parking: The east end of downtown has seen significant redevelopment in recent years, including the Northwest Community Credit Union, Sam Bond’s Brewing in the Foundry Building, and the Hub apartment building. Activities in this area have already overtaxed available parking. The WDA concept plan has tuck-under parking to serve the needs of the redevelopment and additional on-street parking. In addition to a parking study, public/private partnership opportunities may need to be identified to address this critical issue, both for the Downtown Riverfront as well as nearby redevelopment sites. <br /> D. Opportunities Elsewhere in the Riverfront District This initial list of District opportunities are in the planning process or are possible future investments. These items should be well underway within the next two to five years. Specific capital investments may require City Council/Agency Board action in the future and will be presented at the appropriate time. <br />Willamette to Willamette Plan: With the long-held goal of transforming 8th Avenue into a place of civic importance and an inviting and walkable connection to the river, staff are