Exhibit “A”
EIGHTH AMENDMENT TO
THE CENTRAL EASTSIDE URBAN RENEWAL PLAN
The eighth Amendment to the Central Eastside Urban Renewal Plan authorizes acquisition of property for private development pursuant to Section 602C of the Urban Renewal Plan. Redevelopment of property through new construction and through Rehabilitation is authorized by Sections 601 B and C of the Central Eastside Urban Renewal Plan.
The acquisition of property is necessary to carry out the following goals and objectives of the Central Eastside Urban Renewal Plan:
Goal 1. Urban Development
A. General Goal. Maintain Portland’s role as the major regional employment, population, cultural center through public policies that encourage expanded opportunity for housing and jobs while retaining the character of established residential neighborhoods and business centers.
Goal II. Business Retention and New Business Development
A. General Goal. Improve the level, distribution and stability of jobs and housing for resident industry, business and people in accordance with the Economic Development Policy adopted by the City Council.
Goal III. Central Eastside Revitalization Program
A. General Goal. Maintain and enhance the Central Eastside District’s as a near-in job center featuring a diverse industrial base with compatible, supportive and appropriately located commercial and residential activities. Encourage the vitality of existing firms, provide an attractive climate of opportunity for complementary ventures, and offer a positive environment for adjacent neighborhoods.
B5. Maintain and bolster the function of the CEID as a business incubator for new
industrial and commercial business.
The acquisition of this property also conforms to the goals and objectives set forth in the following relevant City policy documents
1. City of Portland Comprehensive Plan
The Oregon Central Eastside Urban Renewal Plan was prepared in conformity with the City of Portland Comprehensive Plan, effective January 1, 1981. The Comprehensive Plan policies that are revenant to this project include:
Goal 2. Urban Development: Maintain Portland’s role as the major regional employment, population and cultural center through public policies that encourage expanded opportunity for housing and jobs, while retaining the character of established residential neighborhoods and business center.
Policy 5.1 Business Retention and Recruitment: Develop policies and programs, which provide opportunities for local businesses to operate and grow in Portland. Continue efforts that attract new business and investment in the region.
Policy 5.3 Economic Environment: Continue efforts to enhance Portland’s economic environment by ensuring that sufficient land and infrastructure exists or can be provided and that public actions support and promote private development activity.
2. Economic Development Policy
The Portland City Council adopted an Economic Development Policy as part of the Comprehensive Plan in June 1988. The following policies are revenant to this project:
Direct technical, financial or investment assistance for economic development to industrial and commercial districts within, or in close proximity to, neighborhoods where percentages of unemployed and economically disadvantaged workers exceed Citywide levels.
Encourage equal opportunities for employment, career advancement and business development for those segments of the population, which have historically no participated fully in the Portland economy.
3. Prosperous Portland, January 1994
Some elements of this plan have been incorporated in the City’s Comprehensive Plan. Relevant sections include:
Policy 4- Sustain aggressive business and workforce development activities. The City will sustain an aggressive business development program which promotes the achievement of community defined and driven goals, and includes physical revitalization, job creation, business and property ownership, provision of retail and neighborhood services and housing development.
Policy 5A: The City will assume the role of facilitator and broker, will provide technical and financial support and will promote partnerships designed to achieve community goals.
Policy 14: Encourage urban development and redevelopment. The City of Portland will tailor its programs and regulations to meet the needs of and encourage investment in the development and redevelopment of urban land and buildings for employment and housing opportunities.
Central City Sub-districts: Central Eastside Strategy B: The City will continue to assemble large sites or provide infrastructure for the expansion of area business.
4. Report for the Second Amendment to the Central Eastside Urban Renewal Plan
The Report for the Second Amendment to the Central Eastside Urban Renewal Plan, adopted May 9, 1990 contains the following language relevant to the project:
1. Property Acquisitions for Redevelopment: Business retention and new business development opportunities are constrained in the Central Eastside because the lack of …..sites for business expansion and redevelopment.