Ordinance No. 20024 - Laserfiche WebLink

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IV. 5TATE REPRESENTATIVE CYNTHIA ~#4aTEN AND STATE TREASURER JIM HILL-~ AFFORDABLE HOUSING State Treasurer Jirn Hill indicated that the reason for his visit was to commend the City,far its efforts to provide affordable housing. He acknowl- edged the sacr~f~ces the City has made and said that the State is trying to do everything possible to find away within its investment policy to~invest in affordable housing. Representative Wooten added that the potential exists within the Public Employees Retirement Fund through investments in the secondary market, thereby making millions of new dollars available so that the State would become a joint venture partner with cities, housing authorities, nonprofit and private developers. Mr. Boles said he was mast excited about the prospect, calling it an appropri- ate use of State funds and many in the comr~unity were poised to take advantage of funding almost instantly. Other councilors thanked Rep. Wooten and Treasurer Hill. Ms, Keller added the activity not only created housing but employed many in the community. Addressing a question from Ms. Swanson Gribskov, Mr. Hill said funding would likely be realized within the next year. III. ACTION: EAST BANK TRAIL (CONTINUEDI Ms. Nathanson moved, seconded by Mr. Laue, to direct staff to bring back an ordinance initiating eminent domain procedures for easement acquisition. Ms. Swanson Gribskov said her intent was to provide staff with the maximum negotiating position and to get the Item off the councils "table." Ms. Keller noted that this was also done an Agri 1 14 for the bi kepath i n west Eugene not with the intention of necessarily moving forward with condemnation, but to provide a structure for staff. Mr. Boles expressed support far the reasons already stated. ~' Mr. Hornbuckl a expressed support, adds ng that to da otherwise would al 1 ow privatization of the river. The motion passed unanimously, 5:4. Addressing a question from Ms. Nathanson, Mr. Klein said the ordinance was the first step in the process of an eminent domain proceeding. Without the ordinance, the City Manager and City Attorney would have na authority to begin condemnation proceedings. In response to a follow-up question, staff said supporting the motion would not impact their flexibility in building the b~kepath ~n whatever pattern made the mast sense. MINUTES--Eugene City Council April 1Z, 1995 page 6 I1:30 a,m. 93