Item A: Downtown Development Financial Tools

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An update of the 1968 plan was approved by voters in 1990 and was set to expire in FY10. In June 1998, the City Council chose one of the options provided by Measure 50 legislation that allowed for a City-wide special levy as well as dividing the taxes collected within the district. The Council limited expenditures of new funds to completing existing projects and construction of a new main library. They also approved a plan to reduce district administration over the following three years. In FY05, with the construction of the library complete, the City Council amended the plan to allow funding for other activities including economic revitalization strategies and to extend the termination date to June 30, 2024. Reviews of the plan are required in 2009 and 2019. Expenditures from the Downtown District may only be made for activities within the district boundaries and projects that are included in the Urban Renewal Plan. The Downtown District Plan includes the following goals, objectives and project activity categories: GOALS: improve the function, condition, and appearance of the area; eliminate blight and blighting influences; and strengthen the economic conditions of the plan area. OBJECTIVES: land use, access and circulation, public facilities and improvements, and rehabilitation. PROJECT ACTIVITIES: public improvements, off-site facilities, acquisition and redevelopment, relocation activities, development and redevelopment, and administrative activities. Major goals for FY08 in the Downtown District are: Capitalize on the opportunity represented by the West Broadway redevelopment project to facilitate high density, high quality development consistent with the Downtown Plan. Promote downtown Eugene as the cultural, economic and governmental center of the region.