Item 3: Ordinance on Downtown Urban Renewal Amendment

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limitations “do not apply to the extent the municipality approving a plan obtains the written concurrence of taxing districts imposing at least 75 percent of the amount of taxes imposed under permanent rate limits in the urban renewal area.”Together, School District 4J and the City impose at least 75% of the amount of taxes imposed under permanent rate limits in the urban renewal area. On May 19, 2010, the School Board for District 4J adopted a motion, for purposes of that statute, concurring with the increase in maximum indebtedness. The City concurs with that increase in maximum indebtedness by enacting this ordinance. Therefore, the new legislative limitations are not applicable to the proposed maximum indebtedness increase. M. In response to information received after the Agency Board forwarded the proposed Plan and Report to the City, the list of projects, maximum indebtedness, and area of the District were reduced and the proposed Plan was revised to reflect those reductions (the “revised, proposed Plan”). The revised, proposed Plan removed the Veterans’ Affairs clinic spending and boundary expansion, and includes the following: (1)Increasing the maximum indebtedness by $13.6 million, to a total of $46.6 million, to cover the three specific projects itemized in Findings C and D above; (2)Annual review of tax increment projects by a community member panel; and (3)Ceasing the division of taxes for the District after debt issued to pay for the projects is repaid or defeased. N. 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 revised, proposed Plan is blighted for the reasons explained in Exhibit C to this Ordinance; (2)The rehabilitation and redevelopment described in the revised, proposed Plan is necessary to protect the public health, safety or welfare of the City; (3)The revised, 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 and policies, including the Downtown Goal, and provides an outline for accomplishing the urban renewal projects proposed in the revised, proposed Plan; (4)No one will be displaced as a result of any of the three projects included in the revised, proposed Plan; (5)No real property will be acquired as a result of the three projects included in the revised, proposed Plan; (6)Adoption and carrying out of the revised, proposed Plan is economically sound and feasible as described in the Report included in Exhibit B to this Ordinance; and (7)The City shall assume and complete any activities prescribed by the revised, proposed Plan. THE CITY OF EUGENE DOES ORDAIN AS FOLLOWS: Section 1 . Based upon the above findings, the Report on the Urban Renewal Plan accompanying the Plan attached as Exhibit B, and the blight findings attached as Exhibit C to Ordinance - Page 3 of 4