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<br />Master Development, LCC & Powell Development Co., Eugene, Oregon <br />Property Development Proposal: Mixed use development with stores, restaurants, and residential <br />apartments. This concept would replace the existing stadium with a large anchor commercial tenant <br />(Fred Meyer) and other smaller commercial uses. In addition, the project would include separate <br />multi-family housing structures. <br /> <br />Purchase Offer: Cash offer of $3.8M with terms and conditions. School District 4J will request a <br />ground lease proposal. <br /> <br />While the City does not have a role in the selection of the preferred proposal, the City will have direct <br />responsibility for the review and issuance of the required permits for the future development proposal. <br />Dependent upon the selected proposal, the range of required permits could vary significantly. Some <br />proposals may require a limited amount of land use approvals, while others may require more extensive <br />land use review, including formal public hearings before the planning commission and City Council. <br /> <br /> <br />RELATED CITY POLICIES <br /> <br />Growth Management Policies <br /> <br /> <br />COUNCIL OPTIONS <br />For discussion only, no formal action is required <br /> <br /> <br />CITY MANAGER’S RECOMMENDATION <br />No action is required on this item. Therefore, no recommendations are offered by the City Manager. <br /> <br /> <br />SUGGESTED MOTION <br />No action is required on this item. Therefore, no motions are suggested. <br /> <br /> <br />ATTACHMENTS <br /> <br />A.Existing site plan of Civic Stadium <br /> <br />B.Proposed Site Plans <br /> <br /> <br />FOR MORE INFORMATION <br /> <br />Staff Contact: Sarah Medary <br />Staff Phone: 541-682-6877 <br />Staff E-Mail: Sarah.J.Medary@ci.eugene.or.us <br /> \\Cesrv500\cc support\CMO\2011 Council Agendas\M110316\S110316B.doc <br />