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the typical 20 year planning period. <br /> <br />Cons: The Bill would require cities to perform a buildable lands analysis every 5 years <br />without any new funding sources identified. The financial impact could be significant. It's <br />likely that such efforts could lead to regular UGB expansions. <br /> <br />May also require cities to streamline land use processes to ensure 1 year timeline can be <br />met. Based on the bill's language, this one year period would need to account for local <br />processes, including appeals, as well as related agency reviews (state and Federal <br />permits). <br /> <br />Other factors: The term "needed housing" has specific meaning in state statute which <br />could complicate how cities determine their need and allocation. The bill could also shift <br />efforts away from redevelopment and brownfield opportunities given the longer time <br />frame involved. <br /> <br />This bill would also further restrict Eugene's ability to make local decisions about how <br />best to monitor and adjust our strategies during our 20 year planning period. <br /> <br /> <br />HB 2613 <br /> <br />Relating Clause: Relating to deposits of public funds. <br /> <br />Title: Allows deposit of public funds in Oregon depository in amount in excess of statutory <br />limit if Oregon depository redeposits funds into insured deposit accounts in other <br />financial institutions, redeposited funds are federally insured and Oregon depository <br />receives amount of deposits from other financial institutions in at least equal amount. <br /> <br />Sponsored by: By Representative SCHAUFLER (at the request of Oregon Bankers Association) <br />(Presession filed.) <br /> <br />URL: http://www.leg.state.or.us/11reg/measpdf/hb2600.dir/hb2613.intro.pdf <br /> <br />Contact Respondent Dept Updated Priority Recommendation <br />Twylla Miller CS-FIN 01/20/2011 Pri 3 Support <br /> <br />Comments: This bill allows for deposits of public funds in insured cash accounts. Similar to the <br />existing program CDARS for certificates of deposit, funds could be deposited in a <br />participating bank which would then redeposit the funds in other banks at a level fully <br />insured by the FDIC. <br /> <br />While this bill would not significantly impact city operations, this could create a potential <br />investment alternative for the City to consider in relation to other investment options. <br /> <br />HB 2619 <br /> <br />Relating Clause: Relating to obligations between contractors on public contracts; declaring an emergency. <br /> <br />21 <br /> <br /> <br />