Ordinance No. 20459 - Laserfiche WebLink

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Park Blocks along 8 1h Avenue to make the location more attractive and functional for the Farmers' Market. This project will support a cornerstone of downtown activity and one of the most significant public event venues in the city. Up to $500,000 of urban renewal funds would be used for this project. E. In accordance with the provisions of ORS 457, the Agency Director prepared an amended Plan (the "proposed Plan "). The proposed Plan, prepared in March 2010, included: (1) Increasing the maximum indebtedness by $16.15 million, to a total of $49.15 million, to cover the three specific projects itemized in Findings C and D above plus funding for a Veterans' Affairs clinic; (2) Expanding the District boundary to include the potential Veterans' Affairs clinic site; (3) Annual review of tax increment projects by a community member panel; and (4) Ceasing the division of taxes for the District after debt issued to pay for the projects is repaid or defeased. F. On March 8, 2010, the Agency Board considered a draft of the proposed Plan and 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. G. On March 12, 2010, a draft of 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 each district. No recommendations for changes were received from the school districts. The Lane County Board of Commissioners submitted recommendations that the City Council change the proposed Plan by requiring concurrence from Lane County for any future plan amendments, expand the District boundary to include a Lane County facility, and hold Lane County harmless from the financial impact of the District. The City Council considered these recommendations and determined not to make changes to the proposed Plan as a result of the comments. H. 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. I. On March 29, 2010, the Planning Commission met to review the proposed Plan and Report, and recommended that the City Council approve the proposed Plan based on the City's land use policies. J. On April 8, 2010, the Eugene Redevelopment Advisory Committee met to review the proposed Plan and Report. K. 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. L. Legislation passed in 2009 places new limits on how much a municipality can increase maximum indebtedness. That same legislation, however, also provides that those Ordinance -- Page 2 of 4