Item A: Expenditure Review Panel FY11 Report

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Attachment 1 Excerpts from Plan & Report Downtown Urban Renewal Plan (June 25, 2010) Goal 1.a. Improve the function, condition, and appearance of the Plan Area through an improved site for the . (This project also contributes to Goals 2-4.) Objective 1. into the Plan Area; Section 600 A. PUBLIC PARKS, PUBLIC PLAZAS, REST ROOMS, AND OPEN SPACES: Park Blocks Improvements Former Section 600 A.5 of the Plan authorized the Agency to participate in funding the design, acquisition, construction or rehabilitation of public spaces, or parks or public facilities within the urban renewal area, including but not limited to walkways and plazas and accessibility improvements. Beginning with the effective date of the 2010 Amendment, the Agency will not use tax increment funds to initiate any public parks, public plazas, rest rooms or open spaces except the Park Blocks improvements for The Agency may spend up to $500,000 of tax increment funds, plus associated interest, premium and other costs, on infrastructure improvements to the Park Blocks in order to make that location more attractive and Downtown Urban Renewal District Report (June 25, 2010) Chapter 5 item 1). The Lane multiple times per week during the spring, th summer, and fall on a portion of the Park Blocks on 8 Avenue. Although the Agency has completed several access to electricity and to level and paved surfaces. Infrastructure improvements to the Park Blocks and expansion of available space will support a cornerstone of downtown activity and one of the most significant public event venues in the city. The Park Blocks are the historic center and most identifiable public space in offerings to maintain financial viability and potentially operate year-round.The Agency will improve the Park Blocks in order to make that Chapter 6. The Agency will spend up to $500,000 on infrastructure improvements to the Park Blocks in order to make that location m The improvements will start in FY2010/2011. 6