Ordinance No. 20459 - Laserfiche WebLink

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URBAN RENEWAL PLAN FOR THE DOWNTOWN URBAN RENEWAL DISTRICT Section 100 — Introduction The Downtown Urban Renewal Plan (formerly known as the Central Eugene Project Plan), was revised in 2010 to limit the scope of two previously approved projects, to remove the ability to initiate all other previously approved projects, and to authorize one new project. The two previously approved projects are: (1) public parks, public plazas, rest rooms, and open spaces, which will be limited to funding infrastructure improvements to the Park Blocks to provide better opportunities for the Farmers' Market; and (2) public parking and transportation facilities, which will be limited to additional assistance for the Broadway Place Garages. The new project is assistance to Lane Community College (LCC) for development of the 10 and Charnelton Site. Except for these three projects, the Agency will not initiate additional projects to be funded with tax increment dollars after the date of this 2010 Amendment. Upon the repayment or defeasance of debt related to the urban renewal projects specifically identified in the Plan, as amended by the 2010 Amendment, the Downtown Urban Renewal District will be terminated, any unused tax increment funds will be returned to Lane County for redistribution to overlapping taxing districts, and other assets and liabilities transferred to the City of Eugene. Section 200 — Definitions The following definitions will govern this Plan. 10 and Charnelton Site means the Agency owned property bounded by Charnelton Street on the west, 10 Avenue on the south, and Olive Street on the east. The downtown public library is directly across 10 Avenue from this site. 2010 Amendment means the update to the Plan that was completed in 2010. AgencV means the Urban Renewal Agency of the City of Eugene. Broadway Place Garages means the structured parking at Broadway and Charnelton streets, construction of which was partially paid for with urban renewal funds. Downtown Plan means the Downtown Plan as adopted by the Eugene City Council in 2004 as a refinement of the Eugene Springfield Metropolitan Area General Plan. Plan means this Urban Renewal Plan for the Downtown District. Plan Area means the property included in the Downtown Urban Renewal District as more fully described in Section 300. Downtown Urban Renewal Plan —June , 2010 2