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Talent board weighs using peer grant to build Gateway Hub versus investing in infrastructure
Summary
Board members and staff discussed whether to reallocate parts of a $4.65 million OHCS peer grant toward constructing a Gateway Hub (which would trigger HUD/CDBG performance and LMI job requirements) or to keep funds for infrastructure improvements; the board declared potential conflicts of interest and asked staff to return with more detail by July 2.
The Talent Urban Renewal Agency on June 18 debated whether to pursue construction of a Gateway Hub or to spend peer grant funds on infrastructure that would make the site ready for development.
Staff told the board the original project included a Wagner Street extension estimated at $1.7 million that is likely not proceeding because the Talent Irrigation District declined to sell. Staff said the total peer grant award was $4,650,000 and that Oregon Housing and Community Services (OHCS) is holding $165,000 in contingency; "we have, roughly, $5,000,000 in resources," staff said. Staff estimated project costs of at least about $3.5 million and ballparked $500,000 to $1,000,000 that could be redirected to…
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