Item A: Downtown Financing Strategy

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with the participation of general residents of the City. The Agency Director shall convene not less than once each year a committee of such persons to prepare a report to the Director on a) the activities of the Agency for the previous fiscal year, and b) whether the Agency’s expenditure of tax increment dollars was limited to the projects authorized by this Plan and the associated administrative costs authorized by the Plan. The Director shall forward that report to the Agency Board upon its receipt. Section 1000 – Non-Discrimination In the preparation, adoption, and implementation of this Plan no public official or private party shall take any action to cause any person, group, or organization to be discriminated against in a manner that violates Section 4.613 of the Eugene Code, 1971. Section 1100 – Recording of this Plan A copy of the City Council’s ordinance approving this Plan shall be recorded with the recording officer of Lane County. Section 1200 – Procedures for Changes or Amendments It is the intent of this Plan that, except as provided in the following paragraphs, no changes will be made to the Plan. The purpose of the 2010 Amendment is to authorize the Projects, and once those projects are completed and the debt on those projects is repaid (or tax increment funds have been accumulated sufficient to pay that debt when due), that the division of taxes for the Plan Area cease. ORS 457.085(2)(i), however, requires that an urban renewal plan include a description of what types of plan amendments constitute “substantial amendments” which require the same notice, hearing and approval procedure required of the original plan. The statute also identifies two types that must be included as “substantial amendments” (increases in maximum indebtedness and expansions of territory in excess of 1%). It is the intent of this Plan that, with the exceptions listed below, there be no amendments, substantial or otherwise. Since the statutes require a description of substantial amendments, the Plan defines all amendments as substantial amendments, other than the following. The following amendments will be treated as minor amendments, and may be made by resolution of the Agency Board: 1.Amendments to correct clerical or similar errors; 2.Amendments to respond to a decision by a court or state agency if someone challenges the 2010 Amendment and this Plan is remanded. Proposed Downtown Urban Renewal Plan – March 2010 - 7 -