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Funding of critical high-speed fiber utility; and <br /> Redevelopment of 1059 Willamette. <br /> <br />These projects also support the Plan goal to strengthen the economic conditions of the Plan <br />Area. One measure of this goal is the expected increase in the taxable property values <br />caused by the projects. Areas adjacent to the Plan Area are also expected to become more <br />viable. From FY17 through the estimated remaining life of the District (FY25), assessed <br />values in the Plan Area are estimated to increase by about $65 million. The projects will <br />also contribute to the goal of enhancing <br />governmental, and cultural center and central location for public and private development <br />and investment. Improvements to parks and plazas will contribute to the goal of <br />reinforcing the Plan Area as a place to live, work, or visit by providing inviting and highly <br />functional spaces for the community to enjoy on a daily basis as well as for programmed <br />events. <br />Regarding potential impacts to the 4J school district, they are the same as when the 2016 <br />Amendment was approved. While the 1059 Willamette redevelopment will have a minor <br />direct impact on the number of residential units in the Plan Area, the other projects are <br />likely to increase jobs and amenities downtown, which will ideally increase the number of <br />people living downtown. (See Chapter 9 for a summary of the financial impact that the <br />Downtown District has on 4J.) EUGNet, the downtown fiber project has successfully <br />installed underground fiber, which has on average increased internet speeds by a factor of <br />ten and decreased prices by a factor of two for EUGNet users including public agencies. 4J <br />has connected with EUGNet and has benefited from these increased speeds and decreased <br />prices. The Plan projects, like all development projects, are expected to impact police <br />services, transportation, utilities, and other public services. <br />City Council selected projects within the Plan Area for the way in which they support <br />planning efforts and strategies, such as Envision Eugene, and adopted policy documents, <br />such as the Eugene Downtown Plan. Developed with significant public input, the planning <br />documents were based on assumptions about the value of and expected need for higher <br />density of uses and development, with a consequent need for new and improved services <br />and amenities. The Plan is expected to facilitate improvements within the Plan Area, <br />thereby addressing the goals and policies in these documents. The policies of the <br />Downtown Plan strongly support increased residential and mixed-use development <br />downtown, and the reinforcement of downtown as the economic and cultural center of the <br />community. <br />The Downtown Plan also contains specific policies in support of improvements to public <br />open spaces downtown. Similarly, the pillars of Envision Eugene that will be addressed <br />from the Plan projects are to provide ample employment opportunities, to provide housing <br />affordable to all income levels, and to promote compact development and efficient use of <br />transportation. Specifically, the Plan projects are expected to increase jobs and amenities <br />downtown, which could increase housing demand downtown, thereby implementing <br />Envision Eugene strategies to family housing and jobs needs <br />ReportontheProposed2020Amendment 7 <br /> <br />