ORDINANCE NO. 181529

*Authorize an Intergovernmental Agreement with Oregon Health Science University to guarantee certain improvements to the OHSU Schnitzer Property that Cirque du Soleil installs will be removed by December 31, 2010 (Ordinance)

The City of Portland Ordains:

Section 1. The Council finds:

1.  On January 9, 2008, City Council passed Ordinance 181519, which allows construction activity to commence on the OHSU Schnitzer Property for the Cirque du Soleil 2008 event.

2.  Section c. 4.) of Ordinance 181519 requires the Cirque du Soleil to provide a bond or financial guarantee to cover the cost of removal of all permanent development (geotextile fabric, crush rock, asphalt) for construction to commence.

3.  OHSU, as the property owner, has agreed provide this financial guaranteed in the form of an intergovernmental agreement with the City of Portland.

NOW, THEREFORE, the Council directs:

a.  The Director of the Bureau of Development Services is hereby authorized to enter into intergovernmental agreements with Oregon Health Science University in a form substantially in accordance with the agreement attached as Exhibit A, and to make any amendments to that agreement as may become necessary.

Section 2. The Council declares that an emergency exists because of the need for construction to commence on the OHSU Schnitzer property in preparation for the Cirque du Soleil event; therefore, this ordinance shall be in full force and effect from and after its passage by Council.

Passed by Council, January 16, 2008    Gary Blackmer

             Auditor of the City of Portland

Commissioner Randy Leonard        By /s/Susan Parsons

Paul L. Scarlett, BDS

January 16, 2008                Deputy

BACKING SHEET INFORMATION

AGENDA NO. 87-2008

ORDINANCE/RESOLUTION/COUNCIL DOCUMENT NO. 181529