Item B: URA Downtown Update - East Broadway

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EURA UGENE RBAN ENEWAL GENCY AIS GENDA TEM UMMARY Work Session: Downtown Update - East Broadway Meeting Date: February 22, 2006 Agenda Item Number: B Department: Planning and Development Staff Contact: Nan Laurence www.eugene-or.gov Contact Telephone Number: 682-5340 ISSUE STATEMENT The Eugene Urban Renewal Agency (URA) is asked to approve an intergovernmental agreement between the City and the Urban Renewal Agency. This action is a necessary component of the financing strategy for the public parking garage, as part of the East Broadway/Whole Foods Development Project. BACKGROUND Please refer to the Eugene City Council agenda item summaries for February 8 and 22 for background information on this item. RELATED CITY POLICIES Relevant Downtown Plan policies include the following: Downtown development shall support the urban qualities of density, vitality, livability ? and diversity to create a downtown, urban environment. Actively pursue public/private development opportunities to achieve the vision for an ? active, vital, growing downtown. Facilitate dense development in the Courthouse area and other sites between the core of ? downtown and the river. The Downtown Plan policies emphasize downtown Eugene as a strong regional center, and a diverse, dense, economically strong urban center. The proposed East Broadway/Whole Foods Development Project addresses these policies as a higher density, pedestrian-oriented, public/private redevelopment project in the area of the Wayne Morse Federal Courthouse. The following project is listed in the Downtown Plan as an example of a possible action to address the Implementation Strategies in the plan: Construct a new parking garage to support the east side of downtown and the new ? Courthouse district. L:\CMO\2006 Council Agendas\M060222\S060222B.doc