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Item 6: Resolution 5017 Authorizing Economic Development Project Revenue Bonds as Recovery Zone Facility Bonds
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Item 6: Resolution 5017 Authorizing Economic Development Project Revenue Bonds as Recovery Zone Facility Bonds
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12/14/2010 9:56:00 AM
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12/10/2010 10:21:25 AM
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Agenda Item Summary
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12/13/2010
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<br /> <br />COUNCIL OPTIONS <br /> <br />1.Approve the revised outline of terms included in Attachment A, and approve the resolution <br />authorizing issuance of the bonds included in Attachment B. <br /> <br />2.Do not approve the actions needed to go forward with the BMC/Woolworth Properties LLC <br />redevelopment proposal. <br /> <br /> <br />CITY MANAGER’S RECOMMENDATION <br />The City Manager recommends approval of the revised outline of terms for the redevelopment <br />proposal included in Attachment A and approval of the resolution authorizing issuance of the bonds <br />included in Attachment B. <br /> <br /> <br />SUGGESTED MOTIONS <br /> <br /> <br />1.Move to approve the Revised Outline of Terms included in Attachment A. <br /> <br />2.Move to adopt Resolution 5017 authorizing Economic Development Project Revenue Bonds as <br />Recovery Zone Facility Bonds to finance improvements on the vacant parcel located at Broadway <br />and Willamette Street and adjacent to the Centre Court Building. <br /> <br /> <br />ATTACHMENTS <br /> <br />A. Revised Outline of Terms, December 13, 2010 <br />B. Proposed Resolution <br /> <br /> <br />FOR MORE INFORMATION <br /> <br />Staff Contact (Bonds): Sue Cutsogeorge <br />Telephone: 541-682-5589 <br />Staff e-mail: sue.l.cutsogeorge@ci.eugene.or.us <br /> <br />Staff Contact (Development Proposal): Denny Braud <br />Telephone: 541-682-5536 <br />Staff e-mail: denny.braud@ci.eugene.or.us <br /> <br /> <br /> <br /> L:\CMO\2010 Council Agendas\M101213\S1012136 - and attA.doc <br /> <br />
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