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EURA approves raising its contribution to $1.8 million for Old Park Place extension to help resolve Walgreens issue
Summary
The board approved a 1st amendment to a memorandum of agreement with the city, increasing the URA's committed share to $1.8 million to help resolve a Walgreens right‑of‑way issue and move the Old Park Place extension forward; vote recorded as 5–2.
The Eagle Urban Renewal Agency on April 24 approved an amendment to the cost-sharing memorandum for the Old Park Place extension that increases EURA's contribution to $1.8 million. Staff and counsel said the additional funds are intended primarily to resolve a right-of-way issue with a Walgreens property so construction can proceed.
Agency counsel summarized the proposal and the board discussed the distribution of funds and potential impacts to other projects. One commissioner expressed concern about concentrating funds in a single area; staff pointed to packet figures that show approximately $1.7 million in uncommitted URA funds (packet language varied). The chair said the additional EURA funds were intended "to somehow get Walgreens on our side" to resolve the right-of-way matters and facilitate the roadway extension. After discussion, the board adopted Resolution No. 26-014; the vote on the record was 5 in favor and 2 opposed.
Staff said timing depends on resolution of the Walgreens right-of-way issue and estimated a three-month window for resolution if negotiations proceed smoothly. The amendment extends related agreement terms through Sept. 30, 2028 and authorizes the chairman or vice chairman and secretary to execute the amendment and take necessary implementation steps.
