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N0.912 P.Sil~ <br />M~MORA~DUM <br />~ TO: D <br />OWNTOWN pEVEI.OPMENT ADVISOR'Y liOA.Rp <br />THI2U: WILLIAM IiEA.LY, DT~CTpR ~ ~'~ (,~~ <br />COMMUNYTY DP~YEI,OPM~NT D~PARTMENT <br />FROM: RTCHA.RD HAYDEN, i7RBA.1~ D~VFLOPMENT ADMYNIST <br />SUBJECT: COURT~OUS~ $QUqg~ . STIt~ETSCAPE pROJ~CT URBAN I2TNT~'WAI, <br />rr~~rn~~vc <br />. svr:: <br />Review of propos~I by Marion Counry/Salem Area ~vlass Transit for U~ban ReneWal fuuding p~rticipati,Q~ in <br />the Courtho~se Squaze Prqject, <br />R~cOMMENDATION: <br />Dotiv~ntown pev~lopmeni Advisory Board recommend that Ciry Council; <br />1) Approve UrUan Renewal f.uadir~,g pardcipation in the CourcliQUSe ~quare project elements eoniained <br />in tlie IVlarion County/Sale~ Area Tran~it request, exce~ring reimbursoment of worlc ~lrea@y <br />~ completed and constrttetion of fl~g poles within tbe ptaza area. <br />Z) Develop an Intergovernmental Agr~ement, coiitaining the elements Iisied under Facts an,d ~'it~dings, <br />between Marion Counly/Salem Area Transit and the Urban Renewal Agency of d~~ City of Salem for <br />participarion in the Courthousa Square Projeet. <br />BACKGROUND: <br />City Cou~cil, Xhrough the Tax 11~at~agement Plan (T~VLP) ~nd annual Riverfxont/Downtown Urban Ranewal <br />budget, lia.~ pledged up to $2 million for pa~icipation l'n th~ CourCliou~e Square project, The rypes of <br />activity origi~ally envisiqned to be eligible for partici~ation included utilities, tra~fic ~ignals, 9treetscape, <br />weather protection, sIcybridge and r~moval of the existing Transit Transfer Facility, <br />Ir~ accordAnce witt~ tho TMP, funds to meet th~ $2 miilion pledge are bei~g accumulated over a three-year <br />period. As o~t~ie current fiscal year, a total of $1,200,000 h,as baon bud~eted, The renlaining $800,000 is <br />scheduled to be Uudgeted in fiscai yeaz 1999/2000. <br />City Council h~s req~ested that prior ta establishing ~d entering into a parcicipation agreernent for the <br />prQject, thc following Ue provided: <br />1. That the City receive a detailed listirtg and co~i es~imates of th~ proposed improvement9 (to be <br />funded by the ~rban renewal fynds); <br />2, That the City receive a favorable legal opiniQn, about CounciI's aUility to maintain urban re~ewal <br />~ l~vy autliority (no longer an issue); and <br />