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<br /> <br />ATTACHMENT A <br /> <br />DOWNTOWN TOOLS AND ASSISTANCE <br /> <br /> <br />At the May 27 work session, several City Councilors asked for additional information regarding available <br />resources to support downtown development. For the purpose of this attachment, resources are divided into <br />three categories: 1) Financing Tools, 2) Development Tools, and 3) Additional Tools. <br /> <br /> Financing Tools <br />1. are sources of funds. <br />A. Urban Renewal <br />B. Downtown Revitalization Loan Program <br />C. Community Development Block Grant associated programs <br />i. Brownfield Economic Development Initiative Grant and Section 108 Loan Guarantee <br />ii. Business Development Fund <br />D. Property tax exemptions <br />i. Multi-Unit Property Tax Exemption <br />ii. Vertical Housing Development Zone <br />E. Affordable Housing Tools <br />F. City’s General Fund <br />G. Improvement/Service Districts <br /> <br /> Development Tools <br />2. are uses of funds that support public/private partnerships, but that are not <br />generally sources of funds on their own. <br />A. Land assembly <br />B. Public parking <br />C. Public infrastructure <br />D. Direct investment <br />E. City as landlord or tenant <br /> <br />Additional Tools <br />3. includes numerous actions by the City that directly and indirectly benefit businesses, <br />visitors and residents downtown. <br />A. Event programming <br />B. Safety <br />C. Beautification <br />D. Business Assistance <br />E. Planning efforts <br />F. Staff impact <br /> <br />The Financing and Development Tools are described below with a summation box, detailed narrative <br />explanation, and an example downtown Eugene project. A narrative on the additional tools follows. <br /> <br />The estimates in the attachment assume that the development agreements with Beam Development and WG <br />Development occur as budgeted. If there are changes to those agreements and budgets, then the estimates in the <br />attachment could change. <br /> <br /> <br />