HomeMy WebLinkAboutAdmin Order URA 10-01ADMINISTRATIVE ORDER No. URA 10-01
of the Director of the
Urban Renewal Agency of the City of Eugene
DELEGATING AUTHORITY To SARAH MEDARY, ASSISTANT CITY
MANAGER, To ACT AS AGENCY OFFICIAL WITH REGARD To THE
CITY /13ENNETTIWOOLWORTH TRANSACTION.
The Director of the Urban. Renewal Agency of the City of Eugene finds that:
Pursuant to Resolution No. 981 of the Urban Renewal Agency of the City of Eugene
(Agency), as Director of the Agency, I am authorized to act as the Agency's business agent.
Now, therefore, based on the above findings,
The Director of the Urban Renewal Agency of the-City of Eugene orders that:
Sarah Medary, Assistant City Manager, is authorized to sign documents related to the
City of Eugene, Eugene Urban Renewal Agency, and the Sennett transaction, including but not
limited to, documents that:
1. Allow for the property (vacant. lot next to the centre court building) to transfer from
Beam to Bennett Properties LLC (and then to Woolworth Properties LLC). This includes
transferring the existing $404k acquisition DRLP loan from Beam to Bennett and amending
several of the existing Beam /Agency documents to allow the property release; and
Z. Finalize the $1.3M DRLP loan to Woolworth Properties for project costs.
Dated this 29 day of December, 2010.
Jon R. Ruiz, Director