Item 1: Ordinance on Downtown Urban Renewal Amendment

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the most significant public event venues in the city. Up to $500,000 of urban renewal funds would be used for this project. C. In accordance with the provisions of ORS 457, the Agency Director prepared amendments to the Plan (“the proposed Plan”) which included: (1) Increasing the maximum indebtedness by $16.15 million, to a total of $49.15 million, to cover the four specific projects itemized in Finding B above; (2) Expanding the Downtown Urban Renewal District boundary by 7% (five acres) to be able to provide assistance for the VA project; (3) Annual review by a community member panel; and (4) Providing for the termination of the Downtown Urban Renewal District as soon as sufficient funds are collected to pay for those projects. D. On March 8, 2010, the Agency Board considered the proposed Plan and the accompanying Report on Urban Renewal Plan for the Downtown Urban Renewal District (“the Report”) and then forwarded it to the City Council for public hearing and possible adoption. E. On March 12, 2010, the proposed Plan and the Report were forwarded to the governing body of each taxing district affected by the Plan with an offer to consult and confer with that district. F. On March 19, 2010, Notice of the proposed Plan amendment was sent to individuals or households as required by ORS 457.120. The Notice included, but was not limited to, the date, time and place of the public hearing, in addition to the website where the proposed Plan and the Report could be viewed. G. On March 29, 2010, the Planning Commission met to review the proposed Plan and Report, and made recommendations to the City Council. H. On April 8, 2010, the Eugene Redevelopment Advisory Committee met to review the proposed Plan and Report. I. After the Notice was mailed pursuant to ORS 457.120, the City Council conducted a public hearing on April 19, 2010, on the proposed Plan. J. Based on the recommendations of the Agency Board and the Planning Commission, and the written and oral testimony before the Planning Commission and the City Council, the City Council specifically finds and determines that: (1) The area defined in the proposed Plan is blighted for the reasons explained in Exhibit B to this Ordinance; (2) The rehabilitation and redevelopment is necessary to protect the public health, safety or welfare of the municipality; (3) The proposed Plan conforms to the Metropolitan Area General Plan, State Land Use Planning Goals, the Downtown Plan, the adopted Growth Management Policies, the Vision for Greater Downtown Eugene, and other adopted City plans Ordinance - Page 2 of 3