Financial- Budget (1- 2 Files) - Laserfiche WebLink

Home Browse Search

~ ~ Courthouse Square -2- impacting arterial streets, and/or 20 trips impacting local streets. According to the Department of Public Works, a large mixed use facility such as Courthouse Square would trigger the need for a TIA. The TIA study is contracted by the applicant to a qualified traffic engineer, with its content subject to approval and acceptance by the Department of Public Works. The recommendations of the TIA are tailored to the specific facility and its impacts on the City's intersections and street system. The TIA recommendations may be required to be incorporated into the project in order to reduce the project's impact. It is possible that a traffic demand management plan would be required for the Courthouse Square project, if recommended in the project's TIA. 3. ConstrucNon of subsurface public parking: You mentioned the possibility that over 60 parking spaces could be built under the portion of the property to be set aside for private use, and questioned whether the City might be interested in funding the construction and management of these spaces. The Downtown Pazking District raises revenue through the monthly rental of parking spaces to employees working within the downtown area. Other spaces within the public parking structures are maintained free of charge for convenient customer parking. It is possible that City ownership or long term lease of Courthouse Square parking could be managed by the District, although the financial and functional feasibility of this concept has not been determined. If you wish to proceed with an analysis of this concept, you should address a letter to the Salem City Council asking that the City investigate its feasibility. Should the Council wish to pursue the concept further, they will refer it to the Downtown Development Board if the use of renewal funds are contemplated, and to the Downtown Pazking Board for their advise on the management of the spaces as an asset of the District. 4. Determination of eligible urban renewal funding: The list of potential renewal projects recently provided exceeds both the $1.4 million dollars previously thought necessary, and the $2 million dollars of renewal money previously identified in the tax management plan for Courthouse Square sidewalk and frontage improvements. To move forward on this, we will need specific project descriptions, preliminary drawings and cost estimates for each of the improvements for which you will be seeking urban renewal funding. The City staff can then detemune their eligibility under the confines of the adopted Urban Renewal Plan. Total assistance presumably will not exceed the $2 million allocation, including any funding for weatherization. The process to secure renewal funding will be through a participation agreement between the Salem Urban Renewal Agency and Marion County/ Sa1em Area Transit District. Such agreement will incorporate the list of approved projects and provide for competitive bid verification with procedures for proposed payment dispursal. The Council also asked if the High Street restoration work was eligible for funding, or was a condition of the original permit to the Transit District. This will be investigated once we receive the final project list and your request to proceed with the determination of project eligibility.