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Policy 14: Development shall be required to pay the full cost of extending infrastructure and <br />services, except that the City will examine ways to subsidize the costs of providing <br />infrastructure or offer other incentives that support higher-density infill, mixed use, and <br />redevelopment. <br />In addition, a number of financial policies would guide the development and redevelopment efforts, <br />including the City's debt policies, as well as the policies in the Downtown Urban Renewal District Plan. <br />COUNCIL OPTIONS <br />The following two options have been identified: <br />Option 1: Approve the Downtown Initiative Action Plan presented at the July 11, 2007, work <br />session. <br />Option 2: Modify the Downtown Initiative Action Plan presented at the July 11, 2007, work <br />`~. <br />session. <br />,, <br />'. CITY MANAGER'S RECONIMENDATION <br />The City Manager's recommendation is to approve the Downtown Initiative Action Plan presented at the <br />July 11, 2007, work session. <br />SUGGESTED MOTION <br />Move to approve the Downtown Initiative Action Plan presented at the July 1 1, 2007, work session: <br />ATTACHMENTS <br />A. Eugene Downtown Plan <br />B. Downtown Initiative Action Plan <br />. FOR MORE INFORMATION <br />Staff Contact: .Randy Groves, Executive Manager <br />Telephone: 682-7115 <br />Staff E-Mail: randy.b.groves(a~,ci.eu>?ene.or.us <br />Staff Contact: .Nan Laurence, Staff Lead <br />Telephone: 682-5.340 <br />Staff E-Mail: nan.laurencenci.eu~ene.or.us <br />L:\CMO\2007 Council Agendas\M070711\5070711A.doc % .:.: <br />