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<br /> za. <br /> I <br /> City of ugene 2 May 22, 1995 <br /> e County has been asked to fund improvements to West 1 lth Avenue and <br /> Willow reek Road to pave the way for Hyundai's west Eugene plant. Nathanson said <br /> the City ould coordinate issuance of construction permits to enable Hyundai to begin <br /> con~truc 'on as soon as possible. The company wants to break ground by July and begin <br /> i <br /> chip pr uction within 24 months. <br /> ity staff will also help Hyundai prepare an application to receive state property <br /> tax exe tion benefits. The Willow Creek property, sold to Hyundai by long-time <br /> Eugene sident Joe Gonyea, is located in the West Eugene Enterprise Zone. Eligible <br /> business s expanding or relocating to the zone can receive a 100% three-year property <br /> tax exe ption on new investments there. The total expenditure must be at least $25,000; <br /> anything on current tax rolls, including land, is not eligible. <br /> he scope of the proposed project can be accommodated, according to Nathanson. <br /> "Our lan -use plans envision this level of build-out. We can either get to it in a <br /> piecem fashion, or through a single project. Getting there with one project is actually <br /> advan eous for the City because we can project the potential impacts of this kind of <br /> growth t once and be more strategic at managing them." <br /> j <br /> athanson said City staff assessed the project's potential effect on traffic and <br /> other Ci y services. She said she's satisfied these issues have been addressed both by the <br /> ! City's 1 ng-range planning and by working with Hyundai officials to ensure that potential <br /> ~ problem are dealt with. "Hyundai should be congratulated for the good corporate <br /> I <br /> citizens ip they've already demonstrated. This is a company that has agreed to honor all <br /> local en ironmental regulations; they understand our desire to see them hire locally and <br /> have es blished job training agreements with Lane Community College." <br /> yundai will pay full City systems development charges and construction permit <br /> fees on a proposed project. These resources are used to pay for roads, sewers, park <br /> land, an other public improvements city-wide resulting from development. Nathanson <br /> said "W will have the resources to put parks in neighborhoods that don't have them; <br /> installs t lights and build sidewalks where we need them." <br /> (MORE) <br /> <br />