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HomeMy WebLinkAboutItem 04- Urban Renewal Plan AmendmentAGENDA ITEM SUMMARY Meeting Date: 3/11/2024 Meeting Type: Regular Meeting Department: CAO Staff Contact: Kristina Kraaz S P R I N G F I E L D ECONOMIC Staff Phone No: 541-744-4062 DEVELOPMENT AGENCY Estimated Time: 5 minutes ITEM TITLE: DOWNTOWN URBAN RENEWAL PLAN AMENDMENT ACTION REQUESTED: Adopt/Not adopt the following Resolution: A RESOLUTION AMENDING THE DOWNTOWN URBAN RENEWAL PLAN FOR REAL PROPERTY ACQUISITION ISSUE STATEMENT: Property at 740 A Street and two properties the Springfield Economic Development Agency (SEDA) has entered a Letter of Intent for have not yet been included in the Downtown Urban Renewal Plan. ATTACHMENTS: 1. Proposed resolution Exhibit A: Map of Properties DISCUSSION/ FINANCIAL IMPACT: The Downtown Urban Renewal Plan requires an amendment for any acquisition of property for purposes outlined in Section 900.C of the Plan. Amendments to the plan may be completed while in varying stages of negotiation or in anticipation of potential future acquisition. The properties under discussion are the two tax lots associated with the Letter of Intent (LOI) with The Motors, LLC. SEDA approved entrance into this LOI on February 12, 2024. Pursuing this amendment is one of SEDA’s due diligence items in that LOI. Additionally, SEDA closed on the property at 740 A Street at the end of 2023 after the completion of negotiations for loan forgiveness in exchange for the deed to the property for the former Blue McKenzie project site. The properties proposed to be added to the Plan are below and included in Attachment 1’s Exhibit A: • Property A- Map 17-03-35-42, Tax Lot 02200, approximately 0.31 acres, • Property B- Map 17-03-35-42, Tax Lot 02000, approximately 0.51 acres, • Property C- Map 17-03-35-42, Tax Lot 02300, approximately 0.27 acres. Per the Downtown Urban Renewal Plan, SEDA has the authority to acquire property within the urban renewal area to achieve the objectives of the Plan. Inclusion of these properties in the Plan by amendment ensures that the property acquired will be held to the objectives and requirements within the Plan. SEDA is asked to adopt the amendments to the Downtown Urban Renewal Plan to accurately reflect potential future acquisition of these properties for land assembly and development. The City Council will be asked to ratify the amendments subsequent to SEDA approval as outlined in Section 700 of the Downtown Urban Renewal Plan. City Council ratification is required when property is pursued for land assembly and development by public or private sector parties. SPRINGFIELD ECONOMIC DEVELOPMENT AGENCY (SEDA) RESOLUTION NO. ___________ A RESOLUTION AMENDING THE DOWNTOWN URBAN RENEWAL PLAN FOR REAL PROPERTY ACQUISITION WHEREAS, the Downtown Urban Renewal Plan was approved by voters on November 6, 2007 and accepted by the Springfield City Council by Ordinance 6210 (adopted November 26, 2007); WHEREAS, The Downtown Urban Renewal Plan (the “Plan”) authorizes SEDA to acquire real property to achieve the Plan’s objectives subject to sections 600.C, 700, 800 and 900 of the Plan; WHEREAS, Section 700.A.1 of the Plan requires City Council ratification as well as SEDA approval, both as described in Section 900.C of the Plan, for SEDA acquisition for assembling land for development by the public or private sector; WHEREAS, Section 700.C of the Plan requires that properties to be acquired be identified in the Plan and a map exhibit, attached and incorporated to the resolution as Exhibit A, showing the properties be shown as an official part of the Plan; WHEREAS, SEDA has acquired or is negotiating to acquire land in downtown that is anticipated to be used for development by the public or private sector as shown on Exhibit A, NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF SEDA, AN URBAN RENEWAL AGENCY OF THE CITY OF SPRINGFIELD, AS FOLLOWS: Section 1: Section 700.C of the Downtown Urban Renewal Plan is amended to show that the following properties are identified in the Plan for acquisition: 1. 17-03-35-42-02000 2. 17-03-35-42-02200 3. 17-03-35-42-02300 Section 2: A map exhibit of the properties listed in Section 1 of this Resolution will be added to Part Two of the Downtown Urban Renewal Plan. Section 3: This Resolution will take effect immediately upon adoption. ADOPTED by the Board of Directors of SEDA, an Urban Renewal Agency of the City of Springfield this ___ day of ___________________, 2024, by a vote of _____ for and ____ against. ATTEST: __________________________ SEDA Liaison Attachment 1 Page 1 of 2 Lane County GIS, Bureau of Land Management, State of Oregon, State of Oregon DOT, State of Oregon GEO, Esri Canada, Esri, HERE, Garmin, INCREMENT P, USGS, EPA, USDA ± Lane County, Oregon 0 360 720180 Feet The information on this map was derived from digital databases on the Lane County regional geographic information system. Care was taken in the creation of this map, but is provided “as is”. Lane County cannot accept any responsibility for errors, omissions or positional accuracy in the digital data or the underlying records. Current plan designation, zoning, etc., for specific parcels should be confirmed with the appropriate agency. There are no warranties, expressed or implied, accompanying this product. However, notification of any errors will be appreciated. A C B Exhibit A- Properties proposed to be added to the Downtown UR Plan Exhibit A Page 1 of 1 Attachment 1 Page 2 of 2