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Urban Renewal Agency approves RFQ process to seek developer for North Butterfly Lot near Farmers Market
Summary
On April 9 the Eugene Urban Renewal Agency approved (8-0) a two-phase RFQ/proposal disposition process for the North Butterfly Lot (Oak and Seventh) to pursue high-density mixed-use housing as part of the downtown core housing initiative; staff will launch an RFQ in May and return in the fall with a recommended team.
Anne Fifield, the community development division's economic development manager, and Eric Brown, downtown manager, presented the agency with a recommended two-phase property disposition process on April 9 for the North Butterfly Lot, a half-acre gravel parking site north of the Farmers Market Pavilion at Oak and Seventh.
Fifield described the downtown core housing initiative as a three-pronged strategy that already includes downtown fee assistance (covering SDCs and permit fees for eligible projects) and an accelerated MUFDI property tax exemption that offers a 10-year exemption on taxable value associated with new construction while retaining public-benefit criteria. The third prong is property acquisition and disposition; the agency was asked to approve an RFQ-based process to…
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