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ranging from 2018-2020 and is at this time the most reliable data source. Data: InfoUSA, June 2020. C.EconomicConditions 1.Value of Property The FY20 taxable assessed value for the entire City is $16,284,789,478. The total taxable assessed value for the Plan Area as of FY20 is $217,953,636. Table 4 below demonstrates that the combined frozen bases for the Downtown and Riverfront urban renewal districts is well below the 15% limit imposed by ORS 457.420. Table4.AssessedValueoftheFrozenBase Downtown Riverfront Urban Total Total as a % of Urban Renewal Renewal District City AV District Frozen Base $33,736,746 $50,609,448 $84,346,194 0.5% 2.Relationship of the Value of Improvements to the Value of Land The current ratio of improvement value to land value within the Plan Area, based on 2020 assessment records and excluding all tax-exempt property, is 5.6 to 1. D.EnvironmentalConditions The Plan Area has been an established commercial business area for many years. Most streets, sidewalks, alleys, and sewers are in place and will be upgraded and maintained. The public park areas within the Plan Area will be maintained as needed by the City. However, the Plan provides opportunities to improve the function and condition of some of the streets, public parks, and public plazas. The Park Blocks are directly on a pedestrian, bicycle, and car path to the river and are a critical piece of the Willamette to Willamette th Avenue from a predominantly Initiative. A central intent of that project is to transform 8 one-way west bound street with inadequate pedestrian and bicycle amenities into a two- way, inviting, and gracious path to and from the river and the anticipated development on the EWEB property as well as the university area to the east. Significant infrastructure design and construction will be required to implement this transformative project. Chapter3:ExpectedImpact,IncludingFiscalImpact,ofthe PlaninLightofAddedServicesorIncreasedPopulation Section 600 of the Plan allows for several projects (described in more detail in Chapter 5) that will improve the function, condition, and appearance of the Plan Area through: Improved parks and plazas throughout the Plan Area, including improvements to the Park Blocks for overall community use, and to support the continued use for the Saturday Market; Improved permanent area for the Farmers Market; ReportontheProposed2020Amendment 6