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<br />B.BROADWAY PLACE GARAGES & PUBLIC SAFETY IMPROVEMENTS <br /> <br />Construction of parking garages has been an authorized project activity for this plan area for <br />many years. As one of those projects, the Agency previously provided initial assistance for the <br />construction of the Broadway Place Garages. The Agency now may spend up to $4.9 million of <br />tax increment funds (not counting payment of interest costs for the debt) to assist the City in <br />repaying the debt on those garages, provided that the City agrees to a) continue to make the <br />garages available for businesses and residents downtown and b) enhance public safety in the <br />Plan Area. <br /> <br />The Broadway Place Garages provide an essential public parking facility to serve the business, <br />customer and resident parking needs in the District. The District is a parking exempt zone <br />which relieves property owners from the requirement to provide imbedded parking in new and <br />redeveloped properties. The Broadway Place Garages support continued redevelopment in the <br />District by providing vital parking capacity. <br /> <br /> <br />C.PARK BLOCKS IMPROVEMENTS FOR THE FARMERS’ MARKET <br /> <br />The Agency may spend up to $500,000 of tax increment funds on improvements to the Parks <br />Blocks in order to make that location more attractive and functional for the Farmers’ Market. <br /> <br />D.VA CLINIC <br /> <br />th <br />If the VA chooses the 12 and Willamette site for its new VA Clinic, the Agency may spend up to <br />$2.5 million of tax increment funds for public infrastructure near that location for parking, <br />transportation improvements, or other infrastructure improvements necessary to serve that <br />site. The proposed VA clinic would provide an array of important medical support services to <br />the veteran community. Locating this facility within the Plan Area would create an active <br />commercial hub with extended hours of operation. The significant numbers of clients together <br />with the ongoing presence of medical and support staff would contribute to commercial <br />opportunities and the value of commercial property within the Plan Area. <br /> <br />E.ADMINISTRATIVE ACTIVITIES <br /> <br />1.The Agency may retain the services of independent professional people or <br /> <br />organizations to provide administrative or technical services such as: <br />a.Preparation of market, feasibility, or other economic studies; <br /> <br />b.Preparation of design, architectural, engineering, landscaping architectural, <br /> <br />planning, development, or other developmental studies; <br />c.Provision of accounting or audit services; and <br /> <br />d.Assistance with preparation of the annual financial report required under <br /> <br />Section 800 of this Plan. <br />Proposed Downtown Urban Renewal Plan – March 2010 <br />- 5 - <br /> <br />