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CC – May 14, 2007: <br /> Council approved, on consent calendar, an amendment to the City’s debt <br />policies regarding conduit financing. <br />4. Downtown Urban Renewal District <br />July 1968: <br /> District originally created. The district plan has been amended four times: December <br />1968, November 1989, June 1998, and most recently in September 2004. <br />Memo – April 12, 2007: <br /> Staff memo addressed the financial capacity of the Downtown Urban <br />Renewal District and other tools to support downtown redevelopment. The necessity of a plan <br />amendment was raised in connection with undertaking a large-scale redevelopment project. <br />ERAC – April 19, 2007: <br /> ERAC viewed a presentation on the Downtown Urban Renewal District. <br />ERAC unanimously recommended that the Downtown District Urban Renewal Plan be amended to <br />increase the district’s financial capacity. <br />CC & URA – April 25, 2007: <br /> Work session on the financial tools available to support downtown <br />redevelopment. Staff alerted council to the necessity of amending the district plan to increase <br />financial capacity. <br />Public Workshop – April 30, 2007 <br />: A public workshop was held to gather citizen input on the Beam <br />and KWG concepts and the selection options being considered by the URA. The necessity of <br />increasing the “maximum indebtedness” in the district was presented to the workshop attendees. <br />th <br />The results of the workshop were included in the council packet for the May 9 meeting. <br /> <br />