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<br /> <br />AGENCY OPTIONS <br />Agency options include: <br /> <br /> <br />1.Approve the resolution as presented to allow financing of the LCC Downtown Campus project and <br />refinancing of the Broadway Garages bonds. <br /> <br />2.Do not approve the resolution. <br /> <br />If the Agency does not approve the resolution, the URA will not be able to provide LCC with the $8 <br />million grant prior to fiscal year end. The URA would also not be able to take advantage of interest cost <br />savings and economies of scale from combining the refunding of the Broadway Garages bonds with the <br />bonds to finance a portion of the LCC grant. <br /> <br /> <br />AGENCY DIRECTOR’S RECOMMENDATION <br /> <br />The Agency Director recommends approving the resolution. <br /> <br /> <br />SUGGESTED MOTION <br /> <br />Move to adopt Resolution 1059 authorizing tax increment bonds for projects described in the Downtown <br /> <br />Urban Renewal District Plan <br /> <br /> <br />ATTACHMENT <br /> <br /> <br />A.Proposed Resolution <br /> <br /> <br />FOR MORE INFORMATION <br /> <br />Finance Contact: Sue Cutsogeorge, Finance Director <br />Telephone: 541-682-5589 <br />Staff E-Mail: Sue.L.Cutsogeorge@ci.eugene.or.us <br /> \\Cesrv500\cc support\CMO\2011 Council Agendas\M110411\S1104116.doc <br />