Ordinance No. 20459 - Laserfiche WebLink

Home Browse Search

3. Employment In April 2008, there were 297 employers with 4,265 employees in the Downtown Urban Renewal District. The largest employers in the district were Professional, Scientific, and Technical Services (20.7%); Government (14.2%); and Accommodation and Food Services (13.8 %). (Data: Lane Council of Governments, Oregon Employment Departments 2008 Quarterly Census of Employment and Wages (QCEW)). C. Economic Conditions 1. Value of Property The FY2009/2010 taxable assessed value for the entire City is $11,633,024.,852. The total assessed value for the Plan Area as of FY2009/2010 is $154,980,036. The table below demonstrates that the frozen base for the combined urban renewal districts is well within the 15% limit imposed by ORS 457. Table 4 — Assessed Value of the Frozen Base Downtown Urban I Riverfront Urban = Total as a Tota I Renewal District Renewal District = of City AV Frozen Base $31,386,991 $50,609,448 $81,996,439 0.7% 2. Relationship of the Value of Improvements to the Value of Land The current ratio of improvement value to land value within the Plan Area, based on 2009 assessment records and excluding all tax exempt property, is 3.3 to 1. The accepted improvement to land value ratios of healthy, viable, and prosperous areas in Oregon cities are 5 to 1 and greater. D. Environmental Conditions Environmental conditions within the Plan Area are not expected to change. The area has been an established commercial business area for many years. Most streets, sidewalks, alleys, and sewers are in place and will be upgraded and maintained. The public park areas within the Plan Area will be upgraded and maintained as needed by the City. Chapter 3: Expected Impact, Including Fiscal Impact, of the Plan in Light of Added Services or Increased Population The 2010 Amendment allows for three specific projects (described in more detail in Chapter 5) that will improve the function, condition, and appearance of the development area through: • Improved site for the Farmers' Market; • Maintenance of critical parking assets and improved safety for visitors to locations and business within the Plan Area; and • Redevelopment of an excavated, vacant lot into a new Lane Community College downtown campus. Report on the 2010 Amendment 4