Item 2: HUD Section 108/BEDI Individual Project

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RELATED CITY POLICIES The proposed project is consistent with the policies and implementation strategies included in the Eugene Downtown Plan, including: Downtown development shall support the urban qualities of density, vitality, livability and ? diversity to create a downtown, urban environment. Actively pursue public/private development opportunities to achieve the vision for an active, ? vital, growing downtown. Use downtown development tools and incentives to encourage development that provides ? character and density downtown. Promote multi-story, mixed-use structures downtown through financial incentives or code ? amendments. In addition, the proposed project is responsive to the following growth management objectives: Policy 1: Support the existing Eugene Urban Growth Boundary by taking actions to increase density and use existing vacant land and under-used land within the boundary more efficiently. Policy 2: Encourage in-fill, mixed-use, redevelopment, and higher density development. Policy 3: Encourage a mix of business and residential uses downtown using incentives and zoning. Policy 4: Improve the appearance of buildings and landscapes. Policy 10: Encourage the creation of transportation-efficient land use patterns and implementation of nodal development concepts. Policy 14: Development shall be required to pay the full cost of extending infrastructure and services, except that the City will examine ways to subsidize the costs of providing infrastructure or offer other incentives that support higher-density infill, mixed use, and redevelopment. Policy 16: Focus efforts to diversify the local economy and provide family-wage jobs principally by supporting local and environmentally-sensitive businesses. Direct available financial and regulatory incentives to support these efforts. Policy 17: Protect and improve air and water quality and protect natural areas of good habitat value through a variety of means such as better enforcement of existing regulations, new or revised regulations, or other practices. The City’s debt policies govern the issuance of any kind of borrowing. The conduit financing portion of th the policy was amended on May 14 to make the definition of conduit financing legally accurate, i.e. allow the use of a Section 108 loan. COUNCIL OPTIONS No action is needed at this time, so there are no council options offered. CITY MANAGER’S RECOMMENDATION No action is needed at this time, so there is no City Manager recommendation. L:\CMO\2007 Council Agendas\M070716\S0707162.doc