Ordinance No. 20459 - Laserfiche WebLink

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Chapter 6: Estimated Total Cost of Each Project or Activity, Sources of Money, and Anticipated Completion Date for Each Project or Activity This Report on the 2010 Amendment includes the Projects to be carried out following the adoption of the amendment and the estimated cost. Table 5 shows that urban renewal financing is estimated to provide $14.5 million (or approximately 45 %) of funding out of an estimated total of $32 million of public and private investment from FY2010/2011 through FY2017/2018. Table 5 lists the project activities included in the Plan. Below is a short description of each of the 2010 Amendment Projects. Park Blocks Improvements for the Farmers' Market: The Agency will spend up to $500.,000 on infrastructure improvements to the Park Blocks in order to make that location more attractive and functional for the Farmers' Market. The improvements will start in FY2010/2011. Broadway Place Garages: The Agency will support the Broadway Place Garages by making the annual debt payments (both principal and interest), which will secure the financial stability of the garages, enhance safety services, and relieve the struggling Parking Fund within the City of Eugene. The support will take place starting in FY2010/2011. LCC New Downtown Campus: The Agency will consider the terms for an agreement between the Agency and LCC. The specific activities to be undertaken will be defined by the Agency, set out in the agreement with LCC, and may include integration of a public safety station and /or open space within the development project. LCC currently has $17.5 million in other funds to contribute to the project. LCC is undergoing a feasibility analysis that will provide a detailed cost estimate for the project. The total project cost is expected to significantly exceed the $17.5 million that has been secured to date. Construction is anticipated to start in early 2011, for completion no later than 2013. Project Delivery Administration: Actions for this activity include program administration (pro- ject management, financial services, debt issuance and administration); legal services; reporting (budgets, financials); preparation of market, feasibility, or other economic studies; preparation of design, architectural, engineering, landscaping architectural, planning, development, or other developmental studies; providing accounting or audit services; providing special rehab- ilitation, restoration, or renovation feasibility and cost analysis studies; assisting in preparation of the annual financial report required under Section 800 of the Plan; providing property acquisition appraisals; and evaluation of the plan and the success of its activities. Many of the activities are provided through a contract between the City of Eugene and the Agency dated June 15, 2004. The Agency may also acquire, rent, or lease office space and office furniture, equipment, and facilities necessary for it to conduct its affairs in the management and implementation of this plan. Report on the 2010 Amendment 9