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B. Social Conditions
<br />
<br /> According to a 2004 Planning and Development Department analysis the
<br /> 1980 census, there are five 196 housing units ~ within the
<br /> Central Eugene Project Area. 'r~,,, ,.. .... ..,, ,,..,' ..... .... ..,, ,....~'~" -.,"~ ,....'"";'~ ~'"*" ....., ,... ',s' ,.........., ,..~.. ....... *" ~'~",..
<br /> +,,~ ~.k~ ,-~m,-,~,.-~l ,-~: ,-,-.-,~ ,-,~ +k~ ,.,1~.,,~11;,~,-~ , ,n;'~ ,.4, ,rin,'~ tk~ ;n;+;."~l c,+,.~,,-,~ ,~'F 'Fk,,',.
<br />
<br />C. Economic Conditions
<br />
<br /> 7. Value of Property
<br /> The 2003/2004 48881-1990 estimated total taxable assessed value for the
<br /> entire City of Eugene is approximately $8,713,000,000 ¢'~
<br /> The taxable assessed value "frozen" base for the Riverfront Research
<br /> Park Urban Renewal District is $25,259,285 ~. The 4986/4-cJ87-
<br /> assessed value of the established "frozen" base for the Central Euqene
<br /> Proiect is $31,386,991 ~. The total assessed value of the base
<br /> is $87,446,976 $7-1.~aS,?,~e~ or slightly less than 1% ~ '~ ...... + of the
<br /> City's total assessed value. This is well within the 15% limit imposed by
<br /> ORS 457. '";*~';" +~"- 15 ...... +' "' '+~'"'-;-'"'~ by ~+"+'- ~ ....
<br /> r-' ....... , ,"~,~Xh ,~,'..', ,~, ....................
<br />
<br /> Based on the 1989 assessment data, the estimated Central Eugene
<br /> Project Taxable Assessed Value is $98,218,574.
<br />
<br /> 8. Relationship of the Value of Improvements to the Value of Land
<br /> within the Project Area
<br /> The current relationship of improvement values to land values, based on
<br /> -1989 2003 assessment records and excluding tax exempt property is 5.39
<br /> to 1. The accepted IlL value ratios of healthy, viable, and prosperous
<br /> areas in Oregon cities are 3.0 to 1 and greater.
<br />
<br />D. Environmental Conditions
<br />
<br /> Environmental conditions within the Central Eugene Project Area are not
<br /> expected to change. The area has been an established commercial business
<br /> area for several years. Most streets, sidewalks, alleys, and sewers are in
<br /> place and will be upgraded and maintained. The public park areas within the
<br /> project area will be upgraded and maintained. The public park areas within
<br /> the project area will be upgraded and maintained as needed. New street
<br /> trees are to be planted as part of the project. This landscaping should
<br /> provide a positive environmental impact.
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