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<br />Renewal Plan amendment. A summary and the identified next steps for each of the three items is <br />provided below. <br /> <br /> <br />1.Sale of surplus City real estate for identified development projects: <br />Several surplus City parcels appear to have significant development potential. The public benefit of <br />such development is not only the sale proceeds but also the end use, construction activity in this time <br />of need, and the resulting forward momentum. Two such examples include the property on Franklin <br />Boulevard (opposite from the Phoenix Inn) and the site directly east of the Wayne Morse Federal <br />Courthouse. Private parties have already expressed interest in several of the City-owned properties; <br />additional interest could be generated by issuing a Request for Proposals for development projects. <br /> <br />Redevelopment and new development projects could have an immediate and significant economic <br />impact. Prior to sale, the City’s potential future interest in the properties would need to be assessed <br />in comparison with the positive community impacts associated with the development by private <br />parties. <br /> <br />Nest Steps <br />: Return to the council with recommendations for declaring certain parcels surplus and <br />with a proposed disposition process. <br /> <br /> <br />2.Procedural Land Use Code amendments: <br />At the April 13 meeting, the council discussed procedural and livability code standards and heard <br />feedback that code amendments that address livability issues could be more controversial and more <br />complicated. A few small code amendments could address timelines and submittal requirements that <br />could have an impact to allow projects to continue to move forward, or move forward at a slower <br />pace and keep them alive through this difficult economic time. <br /> <br />Next Steps: <br /> City Council initiation of small procedural Land Use Code amendments to consider <br /> extensions, submittal requirements and processing timelines related to land use applications. The <br /> process will have opportunities for public comment and public involvement and will require <br /> Planning Commission review followed by council review and action. <br /> <br /> <br />3.Urban Renewal Plan amendment: <br />At the April 22, 2009, work session, the council discussed a potential amendment of the Downtown <br />Urban Renewal District Plan. As indicated during the discussion, the Maximum Indebtedness <br />(spending limit cap) in the district plan would need to be expanded to provide financial capacity to <br />support development opportunities in the downtown core, including a potential Veterans Affairs <br />hospital; the proposed Lane Community College Downtown Center expansion/addition; investments <br />in support of the Arts and Culture District along Willamette and Broadway; urban design and <br />streetcar planning; implementation of the Park Blocks Master Plan and improvements for the <br />Farmers’ Market and Saturday Market; build out of civic center; and other downtown infrastructure <br />or development projects. Individually and collectively the investments could provide a significant <br />economic boost to downtown as well as to the community as a whole. Major amendments to urban <br />renewal plans are required by state statute to follow a specific process. A summary of the <br />amendment process and a draft timeline is provided as Attachment C. <br /> <br />Next Steps <br />: Staff will schedule future work sessions with the Urban Renewal Agency Board and <br />council to discuss the potential projects, financial requirements, and the amendment process. <br /> <br /> <br />