Item 3: Resolution Authorizing HUD Section 108 Revenue Bonds

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Request for Qualification responses from Beam Development and KWG Development Partners. The potential mix of uses will be reviewed by the West Broadway Advisory Committee whose recommendations will be forwarded to council in September 2007. Development on the Section 108 funded properties will create at least 283 jobs. Con- sistent with CDBG requirements, a minimum of 51% of the jobs will be available to low or moderate income individuals. Brownfields are defined as vacant and underutilized properties whereredevelopment is complicated by actual or perceived environmental contamination. The privately-owned two-block stretch of West Broadway has been characterized by high vacancy rates and depressed market conditions for over 20 years. The area suffered following the exit of major department stores, including JC Penney, Sears, Bon Marche, Kaufman’s, Wool- worth’s, and Newberry’s. Many of these buildings remain vacant. Additionally, the Woolworth’s and Sears buildings were demolished (in 2001 and 2005, respectively). The JC Penney building (also known as the Centre Court building) has been vacant for years. Citizen Participation The citizen participation component includes a comment period, CDBG Advisory Com- mittee review, application draft review, and a public hearing. The 30-day public com- th ment period officially began on June 20 with an advertisement in the Register Guard. The ad explained the potential use of Section 108/BEDI funds and the process for provid- ing comments. Staff gathered written comments and comments via phone or email th through July 20. (As of July 17, no comments had been received.) The CDBG Advis- ory Committee reviewed the proposed project on July 10 and unanimously recommended “submittal of the individual project application to HUD subject to completion of public hearing and City Council approval of a project specific resolution.” In addition, a draft of the Section 108 individual application was made available at the reception desk of the Atrium Building starting on July 13, and on the City’s web site on July 17. (An adver- tisement in the Register Guard notified the public of the availability of the application materials.) Federal Regulations Other federal regulations include environmental review and acquisition/relocation pro- cedures. The environmental review process includes documentation to show compliance with various federal laws and authorities, consultation with appropriate federal agencies, a public notification and advertising period, and a review period by HUD’s Portland Office. Relocation and acquisition procedures which include appraisals and notifications are done in compliance with the Uniform Relocation Act. Staff is developing the neces- sary documentation, has commenced consultation with federal agencies, and expects to complete the federal processes by September.