CC Minutes - 12/13/10 Meeting - Laserfiche WebLink

Home Browse Search

things downtown. He believed that filling the pits was an important psychological step forward. He believed the City's risk had gone down with its lesser square footage commitment. Councilor Zelenka had no objection to seeing all the employees now working in City Hall temporarily relocate to the building. Councilor Zelenka was pleased to hear that Bennett Management had stepped up its equity contribution and that a local bank supported the project. He determined from Mr. Braud that construction could begin in 2012. Councilor Zelenka favored moving forward. Councilor Taylor also supported filling in the Aster Pit but was convinced by Councilor Brown's arguments. She asked what departments would move into the space. City Manager Ruiz did not know at this time. Councilor Taylor hoped the manager considered not renewing existing leases. City Manager Ruiz said that was the plan. The City hoped to maximize its financial and operational efficiencies to the degree possible. Mayor Piercy appreciated the effort made to bring the project to fruition. She considered the project important to the downtown and appreciated the work that kept it going. She thought it was less of a commitment for the organization than the Beam project. She supported the project. Councilor Poling believed the proposed lease was positive for the organization. He said the project gave the City an opportunity to step back and study more carefully what to do with City Hall. He suggested that the lease also gave the City an opportunity to consolidate more services in a central location. He Perceived the project as a very positive step that would help "kick- start" activity in downtown. Councilor Pryor appreciated the flexibility the lease provided the organization as it regarded the future of City Hall. The lease did not tie the organization down. Speaking to the issue of risk, Councilor Pryor suggested that the City could not be an effective partner if it was too risk - adverse. Mayor Piercy determined that no councilor objected to the council taking action. Councilor Clark, seconded by Councilor Taylor, moved that the City Council adopt Council Bill 5041, establishing a process and standards for issuing Economic Develop- ment Project Revenue Bonds as Recovery Zone Facility Bonds. Roll call vote: The mo- tion passed, 7:1; Councilor Brown voting no. 6. ACTION: Adoption of Resolution 5014 Authorizing Economic Development Project Revenue Bonds as Recovery Zone Facility Bonds to Finance Improvements on the Vacant Parcel Located at Broadway and Willamette Street and Adjacent to the Centre Court Building Councilor Clark, seconded by Councilor Taylor, moved to approve the Revised Outline of Terms included in Attachment A. Roll call vote: The motion passed, 7:1; Councilor Brown voting no. Councilor Clark, seconded by Councilor Taylor, moved to adopt Resolution 5014 autho- rizing Economic Development Project Revenue Bonds as Recovery Zone Facility Bonds to finance improvements on the vacant parcel located at Broadway and Willamette Street and adjacent to the Centre Court Building. Roll call vote: The motion passed, 7:1; Coun- cilor Brown voting no. MINUTES— Eugene City Council December 13, 2010 Page 7 Regular Meeting