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Section 1300 - Duration and Validity of Approved Plan <br /> <br />Duration of Urban Renewal Plan <br />This plan shall remain in full force and effect <br /> <br />The City Council shall conduct periodic reviews in 2009 and 2019. Reviews will <br />consider extending the duration b the boundaries; <br />~te~r~.natien....of the maximum indebtedness~ and modif~ect <br />activities to be undertaken in the Downtown Urban Renewal District. The review <br />process shall include a review and recommendation from the Euqene Redevelopment <br />Advisory Com m ittee, th and 15t'~ <br /> <br />Va#d~ty <br />Should a court of competent jurisdiction find any word, clause, sentence, section, or part <br />of this plan to be invalid, the remaining words, clauses, sentences, section, or parts <br />shall be unaffected by any such finding and shall remain in full force and effect for the <br />duration of the plan. <br /> <br />Section 1400- Maximum Indebtedness <br /> as established in 1998 as the maximum amount of new <br />indebtedness which maycould be issued or incurred under this Plan. This amount does <br />not include funds to ~ interest on that indebtedness nor funds to re~ indebtedness <br />existing on the date of thisthe 1998 amendment. <br /> <br />CITY-WIDE SPECIAL LEVY. <br />~tion One and its city-wide ~ecial lev <br />chosen in 1998 as the method for collectinq ad valorem ~ taxes sufficient to pay <br /> out the Urban Renewal Plan for the <br />Central Eugene Pro'~ermitted ~ section 11 <br />Constitution. <br /> <br />DRAFTAMENDMENTS - Urban Renewal Plan For - 21 - <br />Central Eugene <br /> <br /> <br />