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re ec en in ® usoness °fransiin Ian <br /> 3. Use and, where appropriate, expand existing 4. Provide an appea process, and a process <br /> policies and programs that the City has for for adjustments to the relocation specialist's <br /> economic development to help with relocation recommendation by the City Council <br /> Qualification/Elaboration <br /> • Use City programs providing loan money for business development (e.g., Qualifications/Elaborations <br /> Business Development Fund; Commercial Revitalization Fund) The URA process provides for appeals <br /> The City of Eugene's Business Development Fund (BDF) provides assistance to The City Council should reserve the right and consider going beyond the strict <br /> new and existing businesses. Established to create and retain jobs and stimulate requirementsofthelawasdeterminedbytherelocationsspecialistonacase <br /> private sector investment, the BDF has loaned over $13 million to over200 Eugene bycase basis to address unusual circumstances <br /> businesses. The loan amount is determined by availability of funds, job creation <br /> impact and project needs. While the Uniform Relocation Act provides an opportunity for businesses to appeal <br /> The Downtown Revitalization Loan Program is a flexible financing program decisions, the committee encourages the City to take into account the unique <br /> designed to encourage investments within the Downtown Urban Renewal District circumstances of each business. <br /> that contribute to the economic vibrancy and density goals for downtown. <br /> Tenants in the redevelopment area and workshop participants agreed that using <br /> T <br /> existing programs is a viable way to fund businesses in transition. As one participant _ ahg . <br /> noted, "We should do as much as we can to help businesses relocate within , ~ ~ <br /> budgetary constraints': Tenants and workshop participants supported educating <br /> tenants on how to access funding through existing programs. Many workshop <br /> participants cautioned that the programs are not designed to only help those in <br /> the redevelopment area, but also address the needs of businesses throughout the Wiz; <br /> entire city, notjust the West Broadway redevelopment area. <br /> , m <br /> ' - <br /> ,r . <br /> Local business in the downtown <br /> <br /> 54 ~ R~ ~~mirr~i ~~~;tioia <br /> <br />