Bend Urban Renewal Agency authorizes $161,000 promissory note and amends Juniper Ridge CIP to fund path and road work
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Summary
The Bend Urban Renewal Agency authorized a $161,000 promissory note from the agency to the city to secure multiuse-path construction in Juniper Ridge and adopted a CIP amendment that rolls funding forward and adds about $20,000 for Coulee/Talus Road paving.
At its Dec. 3 meeting, the Bend Urban Renewal Agency authorized a promissory note of $161,000 to secure construction of a 10-foot multiuse path along the southern boundary of Juniper Ridge and adopted an amendment to the agency's capital improvement program that rolls project dollars into the next biennium and adds approximately $20,000 for Coulee/Talus Road improvements.
Staff estimated the path cost at just over $130,000 and said the promissory note value includes a 20% contingency to cover cost escalation, bringing the security amount to $161,000. Agency members discussed earlier difficulties securing county right-of-way for a segment connecting to 18th Street and acknowledged further coordination with Deschutes County and UGB-expansion work may be needed to finish the full connection.
The motion to authorize the promissory note and the CIP amendment passed by voice vote.
Why it matters: The actions secure funding tools and adjust budgets to complete multiuse path connections in Juniper Ridge as development and the new public-works campus come online.
Next steps: Agency staff will coordinate with county staff on the remaining right-of-way issue and incorporate the promissory-note security into developer final-plat requirements.