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<br /> March 11, 2019, Work Session – Item 2 <br /> <br /> ESTIMATES Uncommitted tax increment revenue through FY24 $10.3M Available program revenue through FY24 $ 7.8M Capacity for additional expenditures through FY24 $18.1M <br /> Riverfront Park gap $ 5.0M Riverfront Plaza reserve $ 4.0M Immediate Projects for consideration 4/10 $ 9.0M <br /> Potential funds available for future projects* $ 9.1M *if the Agency Board approves the immediate projects <br /> <br /> Section 700 of the Riverfront Urban Renewal Plan requires that the Agency Board approve all projects, other than loans, in excess of $250,000. This is in addition to the Agency Board’s budget review and approval process. <br />Other Financial Resources Other financial resources include or could include Transportation System Development Charges, Parks System Development Charges, 2018 Parks and Recreation Bond, and 2017 Street Bond. <br />Next Steps <br /> The River Guides will review the possible use of Riverfront Urban Renewal funds later this month to make a recommendation for the Agency Director and Board to consider at work session #2. <br /> Agency Board work session #2 on this subject is tentatively scheduled for April 10 to provide direction on the Riverfront Park and the Plaza. <br /> <br />PREVIOUS DIRECTION July 18, 2018, City Council Meeting <br /> City Council moved to adopt the resolution adopting “Picture. Plan. Play. A Vision and Implementation Plan for Eugene’s Parks and Recreation System.” February 26, 2018, Work Session <br /> Agency Board moved to include the use of $3,700,000 of Riverfront Urban Renewal funds for the quiet zone improvements within District boundary. <br /> April 23, 2018, Work Session <br /> Agency Board moved to approve the use of an RFQ/RFP process for disposition of the Steam Plant using criteria that are consistent with Attachment C [of that AIS].