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<br />REPORT ON THE DOWNTOWN URBAN <br />RENEWAL DISTRICT PLAN <br /> <br /> <br />Chapter 1: Introduction <br /> <br />The 2010 Amendment to the Downtown Urban Renewal District Plan (the “Plan”) makes the <br />following changes to the Plan: <br /> <br />Specifies four project activities to be undertaken in the Plan and removes language that <br /> <br />? <br />allowed for flexibility in project selection; <br /> <br />Sets an increase in the maximum indebtedness to allow for those specific projects; <br /> <br />? <br /> <br />Expands the district boundary to accommodate the VA Clinic project; and <br /> <br />? <br /> <br />Sets the expectation that the Downtown Urban Renewal District will be terminated after <br /> <br />? <br />repayment of all debt issued to fund the limited set of projects. <br /> <br />The City of Eugene has prepared an amendment to the Plan, originally adopted on July 1968 <br />and modified December 1968, December 1989, June 1998, and September 2004. City Council <br />considered downtown over the course of 2009 with the desire to foster a vibrant downtown <br />while also providing near-term economic stimulus. City Council discussed desired downtown <br />outcomes, selected four key strategies, and, ultimately, selected specific projects. This Report <br />accompanies the Plan and consists of text, tables, and appendices. <br /> <br />The Downtown Urban Renewal District area contains approximately 75 acres (the “Plan Area”). <br />The legal description for the Plan Area is in Section 300 of the Plan and is further described on <br />graphic exhibits included in the Plan and in the appendix to this Report. <br />1 <br /> <br />