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Public parking and public safety improvements. The Agency issued $4.4 million in tax increment bonds
<br />to refinance bonds sold by the City of Eugene to fund construction of the Broadway Garages.
<br /> Redevelopment of Centre Court building. The Agency provided loans to Beam Properties Eugene LLC
<br />for redevelopment of the Centre Court building in downtown Eugene. The loans were funded through a
<br />US Housing & Urban Development Section 108 Loan and a Brownfields Economic Development Initiative
<br />Grant.
<br /> Redevelopment of the former Woolworth Site. The Agency provided a loan to Woolworth Properties for
<br />redevelopment of a vacant lot next to the Centre Court building in Downtown Eugene.
<br />Urban Renewal Agency's Net Assets
<br />20112010
<br />Current and other assets$11,289,22214,796,515
<br />Capital assets4,736,4705,000,946
<br /> Total assets16,025,69219,797,461
<br />Noncurrent liabilites7,183,0000
<br />Other liabilities759,2966,723
<br /> Total liabilities7,942,2966,723
<br />Net assets:
<br /> Invested in capital assets4,736,4705,000,946
<br /> Unrestricted3,346,92614,789,792
<br /> Total net assets$8,083,39619,790,738
<br />Urban Renewal Agency's Change in Net Assets
<br />20112010
<br />Revenues:
<br /> Program revenues:
<br /> Fines, fees, and charges for services$1,352,817598,638
<br /> Capital grants and contributions4,149,6820
<br /> General revenues:
<br /> Taxes2,657,8722,518,707
<br /> Investment earnings149,078201,448
<br /> Total revenues8,309,4493,318,793
<br />Expenses:
<br /> Urban renewal redevelopment20,016,7914,003,150
<br /> Total expenses20,016,7914,003,150
<br />Increase (decrease) in net assets (11,707,342)(684,357)
<br />Net assets, July 119,790,73820,475,095
<br />Net assets, June 30$8,083,39619,790,738
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