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ATTACHMENT A Council Action History on Downtown Urban Renewal District Plan Amendments On June 1, 1998, and in response to the provisions of Measure 50, the council amended the Downtown Urban Renewal Plan to grandfather the district, select a tax option and set a maximum indebtedness amount. As part of that action, the council specified that tax increment funds should only be used for development of a downtown library, for completion of certain existing projects, and payment of district administrative expenses. On February 28, 2000, the council authorized the issuance of City of Eugene bonds to fund a portion of the cost of constructing a new library. At the same time, the council authorized the City Manager to enter into an intergovernmental agreement with the Urban Renewal Agency for the Agency to pay the City any amounts needed for the library project, including amounts to cover the debt service on the City bonds issued for the library. In January, 2003 Council began a multi-step process to implement the Vision for a Greater Downtown. This included using urban renewal as a financing tool. On January 29, 2003 and February 12, 2003 a consultant presented options for financing downtown improvements, including the use of urban renewal districts as a tool. Three options were presented for using urban renewal districts: (1) amendments to the Riverfront Urban Renewal District Plan; (2) amendments to the Downtown Urban Renewal District Plan; and (3) creation of a new district that would create a ring around the existing Downtown Urban Renewal District. Council directed staff to work on all three options. On July 25, 2003, the council directed the Agency Director to initiate the process to amend the Downtown Urban Renewal District Plan to allow the use of tax increment funds for projects in addition to the new main library. The council also directed the Agency Director to implement a loan program for the Downtown Urban Renewal District, to be budgeted on SB#1 in FY04. On November 19, 2003, council discussed proposed amendments to the Downtown Urban Renewal Plan, including an expansion of the projects contained in the plan. Council approved preparation of Downtown Urban Renewal Plan amendments as proposed by staff, with amendments to include a public advisory committee, specific agency approval of projects greater than $250,000 other than loans, and adding a limit of $100,000 on the mandate for a public hearing in the event of a plan change. On March 8, 2004 council, acting as the Urban Renewal Agency, voted to forward the proposed amendments to the Downtown Urban Renewal District Plan to other taxing districts, the Planning Commission, and the public for comment. L:\CMO\2004 Council Agendas\M040809\S0408093.doc