Ordinance No. 20313 - Laserfiche WebLink

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Rehabilitation means the act or process of returning a property to a state of utility through repair or alteration which makes possible an efficient, contemporary use while preserving those pomons or features of the property which are s~gniflcant to its historical, architectural, and cultural values. Report on the plan means the textual material and graphic exhibits reqmred by ORS 457.085(3) which explmns ex~st~ng condmons, actlwt~es, procedures, and proposals of the plan. R~verfront Research Park Site means the University of Oregon o~med property within the R~verfront Urban Renewal District area. State means the State of Oregon and 1ts various agencies, &visions, and departments. Tax increment finanmng means a method of finanmng urban renewal projects as authorized by ORS Chapter 457, which uses the tax revenues generated by the ~ncreased taxable values ~n a defined area to pay for ~mprovements w~thin that area. Text means Part 1 ofth~s Urban Renewal Plan for the Rlverfront Research Park. Upper Millrace means that pornon of the Millrace wqth~n the plan area connecting from the W~llamette River to Franklin Boulevard. Section 300--Leeai Boundary Description The following is a legal description of the boundary of the Rlverfront Urban Renewal District area: Begirming at a point which is at the intersection of the east right-of-way line of Hilyard Street with the noah right-of-way line of Franklin Boulevard; thence easterly along the north fight-of-way line of said Franklin Boulevard to the intersection of the west fight-of-way line of knterstate I-5; thence along said west fight-of-way line of I-5 in a northerly direction to the intersection of the south bank of the Willamette River; thence along said south bank of the Willamette RNer in a westerly direction to the east fight-of-way line of County Road No. 431 also known as Ferry Street; thence along said east fight-of-way line in a southerly direction to a point on the south fight-of-way line of 4th Avenue (if extended east); thence along said south fight-of-way line in a westerly direction to a point at the intersection of the east right-of-way line of High Street with the south fight-of-way line of 4th Avenue; thence along said east fight-of-way line of High Street in a southerly direction to a point at the intersection of the east right-of-way line of High Street with the north right-of-way line of Southern Pacific Railroad; thence along said noah right-of-way of Southern Pacific Railroad in an easterly direction to the intersection of said noah fight-of-way of Southern Pacific Railroad with the east fight-of-way line of County Road No. 431 also know as Ferry Street; thence along said east right-of-way line in a southerly direction to the south fight-of- way line of 7th Avenue (if extended east); thence along said south fight-of-way in a westerly direction to a point at the intersection of the south right-of-way line of 7th Avenue with the east fight-of-way line of High Street; thence along said east fight-of-way line in a southerly direction to a point at the intersection of the east right-or-way line of High Street with the south right-of-way line of 8th Avenue; thence along said south right-of-way line in a westerly direction to a point at the intersection of said south right-of-way line with the east right-of-way line of Pearl Street; thence along said east fight-of-way line of Pearl Street in a southerly direction to a point at the intersection of said east fight-of-way line with the noah fight-of-way line of 10t~ Avenue; thence along said north right-of-way in an easterly direction to a point at the intersection of said north -Page 4