Item 3: Ordinance on Downtown Urban Renewal Plan Amendments

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REPORT ON THE DOWNTOWN URBAN RENEWAL DISTRICT PLAN Chapter 1: Introduction The 2007 Amendment to the Downtown Urban Renewal District Plan makes the follow- ing changes to Report on the Plan: Provides new cost estimates of project activities to be undertaken Describes the change due to the extension of the duration of the Plan to the year 2030 Describes the change due to the increase in the maximum indebtedness Provides new information on the impact that carrying out the Plan will have on other taxing bodies under Measure 50. The City of Eugene has prepared an amendment to the Urban Renewal Plan Update of the Downtown Urban Renewal District Plan, originally adopted on July 1968 and as modified December 1968, December 1989, June 1998 and September 2004. The Plan Update is based on goals and objectives from the City of Eugene Downtown Plan adopted in February 2004. This report accompanies the Urban Renewal Plan and consists of text, tables, and appendices. The Downtown Urban Renewal District area contains approximately 70 acres. The legal description for the area is in Section 300 of the Plan. The area is further described on graphic exhibits included in that Plan. Report on the Downtown Urban Renewal District Plan – Circulation Draft of June 2007 1