Item B: URA Downtown Update - East Broadway

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Relevant Growth Management Policies include the following: Policy 1 Support the existing Eugene Urban Growth Boundary by taking actions to increase density and use existing vacant land 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 businesses and residential uses downtown using incentives and zoning. The Whole Foods Development project is consistent with the Goals and Objectives of the Riverfront Urban Renewal District Plan, in particular the following: 4.To stimulate development activity and amenities near the new federal courthouse. In Section 600 A.6. of the plan, the acquisition and construction of public parking is an authorized project activity. Therefore, the City’s participation in the East Broadway/Whole Foods Development Project, which consists of construction of a parking garage, is authorized for spending of Riverfront Urban Renewal funds. URBAN RENEWAL AGENCY OPTIONS The Urban Renewal Agency can choose to take action in support of the East Broadway/Whole Foods Development Project by approving the suggested motion below, or decline to support the project as proposed. AGENCY DIRECTOR’S RECOMMENDATION The Agency Director recommends that the Urban Renewal Agency take action in support of the East Broadway/Whole Foods Development Project by approving the motion suggested below. SUGGESTED MOTION Move to direct the Agency Director to enter into an intergovernmental agreement between the City of Eugene and the Urban Renewal Agency in substantial conformity with the outline of terms described in Attachment A: Intergovernmental Agreement. ATTACHMENTS: A. Intergovernmental Agreement FOR MORE INFORMATION Staff Contact: Nan Laurence Telephone: 682-5340 Staff E-Mail: nan.laurence@ci.eugene.or.us L:\CMO\2006 Council Agendas\M060222\S060222B.doc