Ord. 20644 - Laserfiche WebLink

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Section500LandUsePlan The use and development of all land within the Plan Area shall comply with the regulations ning ordinance, subdivision ordinance, City charter, or any other applicable local, State or Federal laws regulating the use of property within an urban renewal area. Section600UrbanRenewalProjects To achieve the objectives of this Plan, the Agency may incur indebtedness to finance the following urban renewal projects, and no others, and may pay that indebtedness with tax increment funds: A. PUBLICPARKS,PUBLICPLAZAS,MARKET,PUBLIC RESTROOMS,PUBLICOPENSPACES,ANDSTREETS Former Section 600 A of the Plan authorized the Agency to participate in funding infrastructure improvements to the Park Blocks in order to make that location more Market. The Agency may use tax increment funds in the Plan Area to help create an im may also use up to $5.2 million of tax increment funds within the Plan Area to improve any public parks, public plazas, restrooms, open spaces, streets, and sidewalks within the Plan Area. The Agency may spend tax increment funds on infrastructure improvements to these elements that may include the design, acquisition, construction or rehabilitation of public spaces, or parks or public facilities within the Plan Area, including but not limited to shelters, buildings, landscaping, walkways, plazas, accessibility improvements, lighting, furniture, and art. A portion of that total may also be spent on changes to the surrounding th Avenue, Oak Street, and Park Street), reincorporating the site of the streets (e.g. 8 Butterfly Parking Lot as part of the historic four corners of the Park Blocks, and connecting the public spaces as part of the Willamette to Willamette Initiative. However, tax revenue funds shall not be used to pay for construction of a new City Hall building, nor to pay for a thth parking lot on the block bounded by Pearl Street, 8 Avenue, High Street, and 7 Avenue. CommunityEngagement&ApprovalProcess: Prior to the approval of construction for any of the improvements authorized by this subsection A, the Agency shall complete the following activities: 1. The community will be invited to share their aspirations and vision for the public parks, plazas, open spaces and streets in the Plan Area. In addition, the community will be invited to share ideas about an im funding can be approved for construction. 2. elected officials the information from the community engagement activities identified in paragraph 1. In addition, staff will estimate costs for the specific project or projects, as well as possible funding mechanisms that could be authorized by either the Agency Board or the City 7