Item 3: Resolution Authorizing HUD Section 108 Revenue Bonds

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Based on the value established in the appraisals and appraisal reviews, the City will continue the acquisition process by offering just compensation for selected properties. Section 108 funds need to be in place by September 2007 for the purchase of the first Section 108/BEDI Property in October. Relocation Services – October 2007 ongoing The City Council will take action on the proposed use of Section 108/BEDI funds on July 23. After that action, the General Information Notices (GINs) will be sent to all tenants. The City will seek quotes for providing the relocation services in accordance with the Uniform Act in August and enter into a contract for these services in September.Services will be made available to eligible tenants. In addition to the benefits and services required under the Uniform Act for properties purchased with Federal funds, the Downtown Urban Renewal District Plan requires that the Urban Renewal Agency prepare, adopt and maintain a Relocation Policy prior to acquiring any property which will cause displacement. Relocation activities will be undertaken and payments made in accordance with the requirements of ORS 281.045-281.105 and any other applicable laws or regulations. Relocation payments will be made as provided in ORS 281.060. It is also likely that the City Council will set additional standards for all tenants in the Redevelopment Area. West Broadway Advisory Committee – Summer 2007 Eugene’s Mayor Kitty Piercy appointed an 11-member Citizen Advisory Committee as part of the public involvement component for the West Broadway Redevelopment Project. The com- mittee was created based on direction from the City Council to work with a qualified urban planner/facilitator and the developers to identify preferred design elements, mix of uses, public open spaces, options for parking, as well as a transition plan for existing businesses. Recommen- dations from this committee will be forwarded to the council in early September 2007. Project Specific – October 2007 through 2010 Project Planning – October 2007 through October 2008 Permitting – October 2008 through January 2009 Construction – January 2008 through January 2010 URA authorization to issue revenue bonds for public parking garage, as applicable – 2010 7.Eligible Activity BEDI/108 funds will be used for the eligible activity described at 24 CFR 570.703(a) acquisition of improved or unimproved real property, including acquisition for economic development purposes. Uses of BEDI funds will qualify under 24 CFR 570.703(a) acquisition. 8.National Objective The proposed BEDI/108 project will qualify for compliance with national objective 24 CFR 570.208(a)(4) job creation and retention activities to benefit low and moderate income persons. The affordable housing that will be above the grocery store on the western side of property “A” in Exhibit A will qualify for compliance with national objective 24 CFR 570.208(a)(3) housing activities.