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Item 3D: Adoption of Resolution on 108 Funds for Construction Funding
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Item 3D: Adoption of Resolution on 108 Funds for Construction Funding
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1/11/2010
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<br /> <br /> <br />9. Public Benefit Standards <br /> <br /> <br />The total amount of Section 108 and BEDI funds to be used in the project: $6,504,000 <br />o <br /> <br />The total number of permanent full-time-equivalent jobs to be created or retained as a <br />o <br />result of the project (at a minimum): 186 <br /> <br />The cost per job created: $35,000 <br />o <br /> <br />10. Brownfield Conditions <br /> <br />Brownfields are vacant and underutilized properties where redevelopment is complicated by <br />actual or perceived environmental contamination. The Centre Court building was most recently <br />used as commercial office, but was vacated in advance of a planned housing development <br />project. However, significant asbestos contamination and seismic related structural problems <br />halted redevelopment of the site for that project. The Centre Court building has been vacant for <br />years and is located along a two-block stretch of West Broadway that has been characterized by <br />high vacancy rates and depressed market conditions for over 20 years. The building currently <br />has environmental issues including mold and asbestos. Given the long-term vacancy and history <br />of asbestos the project meets the brownfield definition. <br /> <br />11. City Contact <br /> <br /> <br />Michael C. Sullivan <br />Community Development Division Manager <br />th <br />99 West 10 Avenue <br />Eugene, OR 97401 <br />541-682-5448 <br />541-682-5572 (fax) <br />mike.c.sullivan@ci.eugene.or.us <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />6 <br />
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