Item A: Downtown Financing Strategy

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URBAN RENEWAL PLAN FOR THE DOWNTOWN URBAN RENEWAL DISTRICT Table of Contents Section 100 – Introduction ................................................................................................................................. - 2 - Section 200 – Definitions .................................................................................................................................... - 2 - Section 300 – Legal Descriptions ........................................................................................................................ - 3 - Section 400 – Goals and Objectives .................................................................................................................... - 3 - A.GOALS ................................................................................................................................................... - 3 - B.OBJECTIVES............................................................................................................................................ - 3 - Section 500 – Land Use Plan............................................................................................................................... - 4 - Section 600 – Project Activities .......................................................................................................................... - 4 - A.LANE COMMUNITY COLLEGE NEW DOWNTOWN CENTER ...................................................................... - 4 - B.BROADWAY PLACE GARAGES & PUBLIC SAFETY IMPROVEMENTS ........................................................... - 5 - C.PARK BLOCKS IMPROVEMENTS FOR THE FARMERS’ MARKET ................................................................. - 5 - D.VA CLINIC............................................................................................................................................... - 5 - E.ADMINISTRATIVE ACTIVITIES .................................................................................................................. - 5 - F.EXISTING ACTIVITIES .............................................................................................................................. - 6 - Section 700 – Methods for Financing the Projects .............................................................................................. - 6 - Section 800 – Annual Financial Statement Required .......................................................................................... - 6 - Section 900 – Citizen Participation ..................................................................................................................... - 6 - Section 1000 – Non-Discrimination .................................................................................................................... - 7 - Section 1100 – Recording of this Plan ................................................................................................................ - 7 - Section 1200 – Procedures for Changes or Amendments .................................................................................... - 7 - Section 1300 – Duration and Validity of Approved Plan ..................................................................................... - 8 - A.DURATION OF THE PLAN ........................................................................................................................ - 8 - B.VALIDITY ................................................................................................................................................ - 8 - Section 1400 – Maximum Indebtedness ............................................................................................................. - 8 - EXHIBIT A: Plan Area Map............................................................................................................................... - 10 - EXHIBIT B: Plan Area Description ..................................................................................................................... - 11 -