Ordinance No. 20313 - Laserfiche WebLink

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B. Type Two Amendment - Substantial Change Not Requiring Special Notice Type Two amendments shall require approval per ORS 457.095~ but will not require notice as provided m ORS 457.120. Type Two amendments will consist of: 1. The addition of improvements or actiwtles which represent a substantial change in the purpose and objectives of this Plan, and which cost more than $500,000. The $500,000 amount will be adjusted annually from the year 2003 according to the "Engineering News Record" construction cost index for the Northwest area. 2. Any change or provision of this Plan which would mod/fy the goals and objectives or the basic planning principles of this plan. Co Type Three Amendment- Minor Amendment Minor amendments may be approved by the Renewal Agency m resolution form. Such amendments are defined as: 1. Amendments to clarify language, add graphic exhibits, make minor modifications in the scope or location of improvements authorized by this Plan, or other such modxfications which do not change the basic planning or engineering principles of the Plan. 2. Acquisition of property for purposes specified m Section 600C3 of this plan. 3. Addition of a project substantially different from those identified in Sections 600 of the Plan or substantial modification of a project identified in Section 600 if the addition or modification of the project costs less than $500,000 in 2003 dollars. 4. Increases m the ur'oan renewal area boundary not in excess of one percent (1%). Amendment to the City's Comprehensive Plan or any of its Implementing Ordinances Should the City Council amend the City's comprehensive plan or any of its implementing ordinances and should such amendment cause a minor or substantial change to this plan, the City Council amending action shall automatically amend this plan without the Planning Commission or City Council imtlatlng a formal plan amendment procedure pursuant to th~s section. In the event of such amendment, the text and/or exhibits of this plan, if applicable to this plan, shall be changed accordingly by duly recorded resolution. Section 1300--Maximum Indebtedness of Plan The First Amendment to the Rlverfront Renewal Plan establishes a maximum indebtedness for the Plan. The maximum indebtedness that may be incurred following the adoption of the First Amendment to this plan ~s $34~800,000 (Thirty-four mflhon eight hundred thousand dollars). This amount ~s the prmcxpal amount of such indebtedness and does not include interest or indebtedness incurred to refund or refinancing existing obhgations. In addition, any projects completed with "program revenues" (i.e., non-tax increment funds) are not included m the maxnnum indebtedness lirmt. The Urban Renewal Agency has a prior indebtedness to the City of Eugene in the principal amount of $3,030,000 as of the date of the Fxrst Amendment. This amount ~s also excluded from the maximum indebtedness limit. Changes to the maximum indebtedness will require a Type One Plan Amendment. - Page 15