Item B: LCC Downtwon Center Project-and att's A-D

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ERA UGENE ENEWAL GENCY AIS GENDA TEM UMMARY Work Session: Lane Community College Downtown Center Project Meeting Date: January 25, 2010 Agenda Item Number: B Department: Planning & Development Staff Contact: Denny Braud www.eugene-or.gov Contact Telephone Number: 541-682-5536 ISSUE STATEMENT th Lane Community College (LCC) has identified the 10 and Charnelton property owned by the Urban Renewal Agency (URA) as the preferred site for a new LCC downtown education facility. th The URA is being asked to select LCC to redevelop the 10 and Charnelton property as the site for its downtown facility. Terms for the transfer of the property to LCC would be brought back for URA Board consideration at a later date. BACKGROUND LCC has provided educational services from its Downtown Center for over 30 years. The Downtown Center, located at 1059 Willamette Street, no longer meets the needs of the college, and LCC intends to build and own a new, mixed-use building from which to offer educational and other services in downtown Eugene (see map Attachment A). The URA currently owns the th vacant half-block site bounded by Charnelton Street on the west, 10 Avenue on the south and Olive Street on the east (see map Attachment B). LCC has approached the URA regarding acquisition of the property for the new facility. The City Council has had ongoing discussions regarding downtown revitalization and local economic development actions that support jobs and redevelopment. LCC’s new downtown center has emerged as one of eight projects that could be pursued to foster a vibrant downtown and boost the local economy. Public involvement, conducted to date and focused on the eight th projects, has demonstrated strong support for the proposed LCC project on the 10 and Charnelton property. A detailed description of the project and impacts is included in Attachment C. LCC plans to utilize a three-phase process to complete the project. The first phase will result in a feasibility report addressing site conditions, code requirements, potential tenants, housing feasibility, conceptual design, and a preliminary cost estimate. LCC has hired Gerding/Edlen Development (GED) as the Project Manager. GED is in the process of completing the feasibility report, which is expected to be completed in early March 2010. The second phase will include design, budgeting, financing and legal agreements. The final phase will include construction and move-in. A draft timeline for the project is included in Attachment D. Because there are significant costs and commitments associated with the second phase of the project work, LCC will need to secure site control before moving into phase two. Site control will also be important for LCC to access potential financial resources that are targeted for Z:\CMO\2010 Council Agendas\M100125\S100125B-and att's A-D.doc