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<br />Springfield will continue to enhance their efforts to promote downtown vitality through <br />development and redevelopment. <br /> <br />City Council Goal of Sustainable Development <br />Increased downtown development <br /> <br /> <br />COUNCIL OPTIONS <br />1.Authorize the City Manager to finalize negotiations and enter into a lease/purchase option <br /> <br />agreement with Core Campus for the City-owned Franklin Blvd. property consistent with the <br />terms described above. <br />2.Disapprove the proposed lease/purchase option of the Franklin Blvd. property. <br /> <br /> <br /> <br />CITY MANAGER’S RECOMMENDATION <br />The City Manager recommends approval of the lease/purchase option with Core Campus <br />consistent with the terms described above. <br /> <br /> <br />SUGGESTED MOTION <br />Move to authorize the City Manager to negotiate and enter into a lease, with an option to purchase, <br />the 901 Franklin Blvd. property to Core Campus consistent with the terms outlined in the Agenda <br />Item Summary. <br /> <br /> <br />ATTACHMENTS <br />A. Franklin Blvd. Property Map <br /> <br /> <br />FOR MORE INFORMATION <br />Staff Contact: Mike Sullivan <br />Telephone: 541-682-5448 <br />Staff E-Mail: mike.c.sullivan@ci.eugene.or.us <br /> <br /> <br /> <br /> <br /> S:\CMO\2013 Council Agendas\M130617\S130617B.doc <br />