Item A: URA - WG Development (10th and Charnelton)

Home Browse Search

Downtown development shall support the urban qualities of density, vitality, livability and ? diversity to create a downtown, urban environment. Stimulate multi-unit housing in the downtown core and on the edges of downtown for a ? variety of income levels and ownership opportunities. Actively pursue public/private development opportunities to achieve the vision for an active, ? vital, growing downtown. Use downtown development tools and incentives to encourage development that provides ? character and density downtown. Relevant Downtown Plan Implementation Strategies include the following: Promote multi-story, mixed-use structures downtown through financial incentives or code ? amendments. Encourage education-related development downtown, such as student housing and support ? services. th In addition, the proposed future development of the 10 and Charnelton site is responsive to the following Growth Management policies: Policy 1: Support the existing Eugene Urban Growth Boundary by taking actions to increase density and use existing vacant and under-used land within the boundary more efficiently. Policy 2: Encourage in-fill, mixed-use, redevelopment, and higher density development. Policy 3: Encourage a mix of business and residential uses downtown using incentives and zoning. Policy 10: Encourage the creation of transportation-efficient land use patterns and implementation of nodal development concepts. Policy 14: Development shall be required to pay the full cost of extending infrastructure and services, except that the City will examine ways to subsidize the costs of providing infrastructure or offer other incentives that support higher-density infill, mixed use, and redevelopment. AGENCY OPTIONS 1. Direct the Agency Director to amend the Purchase and Sale Agreement to extend a) the Due Diligence period from March 30, 2009 to March 30, 2010 and b) the Commencement of Construction from November 30, 2009 to November 30, 2010. 2. Direct the Agency Director to amend the Purchase and Sale Agreement to extend a) the Due Diligence period from March 30, 2009 to September 30, 2009 and b) the Commencement of Construction from November 30, 2009 to May 30, 2010 and request a written update from the developer three months into the extension. 3. Direct the Agency Director to immediately begin negotiations with Opus, and if the transaction with WG does not close by March 31, 2009, to bring final terms with Opus to the Agency as soon as practicable after the council break. 4. Take no action at this time. th 5. Provide other direction to the Agency Director regarding the sale and development of the 10 and Charnelton development site. Z:\CMO\2009 Council Agendas\M090309\S090309A.doc