Item 3: Ordinance on Downtown Urban Renewal Plan Amendments

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Chapter 3: Expected Impact, Including Fiscal Impact of the Plan, in Light of Added Services or Increased Population Development within the Renewal Area is not expected to have a significant impact on the 4-J School District. The zoning criteria of C2 and C3 does not encourage residential housing. Past experience shows residential complexes developed around the project area have focused on adult housing. Based on this experience, there should be no or th minimal impact on the local kindergarten through 12 grade schools. The added adult population created by such housing projects may impact Lane Community College, particularly the Downtown campus, with increased registration. The 2007 Amendment follows the passage of Ballot Measure 50 and its implementation rules. In the Measure 50 environment, taxing bodies “forego” revenue produced by the growth in values over a renewal area’s frozen base. The property tax impacts of carry- ing out this amended Plan are shown in Chapter 9 of this Report. Projects within the Renewal Plan have been chosen for the way in which they support planning efforts for the downtown area, such as the Downtown Plan. These planning documents were based on assumptions about the expected need for new and improved services due to population growth and other factors. The Renewal Plan is expected to facilitate improvements within the district, according to the planning efforts for the area. One of the principal objectives of the Renewal Plan is to improve the existing taxable property. Areas adjacent to the plan area are also expected to become more viable. From FY2007/2008 through the remaining life of the district, property values in the district are estimated to increase by over $185 million. The development site is not expected to significantly impact the school system. Pro- jects in the plan address the expected impacts of area development on police services, transportation, utilities, and other public services. The Urban Renewal Agency will use tax increment revenues to carry out the plan. The use of tax increment revenues will affect the property tax revenues and bonded debt tax rates of other taxing jurisdictions that share assessed value with Eugene’s Urban Renewal Agency. The tax impacts of the Renewal Plan are discussed in detail in Chap- ter 9 of this report. Many other positive impacts are expected from completion of the projects included with- in the Renewal Plan, such as: Better connections between major areas of the downtown, such as the core area, the riverfront area, and the University of Oregon Higher concentration of mixed uses in the plan area, including government, retail and commercial businesses More public amenities, such as parks, plazas, recreation areas, and parking Report on the Downtown Urban Renewal District Plan – Circulation Draft of June 2007 6