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03/09/2016 - Packet M.— p- Completeness Review for Boards, Commissions TIGARD and Committee Records CITY OF TIGARD CCAC - City Center Advisory Commission Name of Board, Commission or Committee March 9, 2016 Date of Meeting I have verified these documents are a complete copy of the official record. Joe Patton,Meeting Secretary Print Name gnature April 14, 2016 Date City of Tigard to City Center Advisory Commission Agenda MEETING DATE/TIME: March 9, 2016—6:30 to 8:30 p.m. MEETING LOCATION: Red Rock Creek Conference Room, 13125 SW Hall Blvd.,Tigard, OR 97223 1. CALL TO ORDER Carine 6:30 (Introductions) 2. CONSIDER MINUTES Carine 6:35 3. NON-AGENDA ITEMS/PUBLIC COMMENT Carine 6:40 4. SW CORRIDOR AND DOWNTOWN Buff Brown 6:45 5. TIGARD TRIANGLE URBAN RENEWAL Susan Shanks 7:05 6. DOWNTOWN U.R. PLAN UPDATE Sean 7:25 7. CCAC GOALS IMPLEMENTATION Carine and Linli 7:30 8. CCDA FY 16-17 BUDGET Sean 7:50 9. PRAB/CCAC JOINT COMMITTEE Carine and Sean 8:00 10. DOWNTOWN VIDEO Sean 8:10 11. LIAISON REPORTS All 8:20 12. ADJOURN MEETING Carine 8:30 *EXECUTIVE SESSION:The Tigard City Center Advisory Commission may go into Executive Session to discuss real property transaction negotiations under ORS 192.660(2) (e).All discussions are confidential and those present may disclose nothing from the Session.Representatives of the news media are allowed to attend Executive Sessions,as provided by ORS 192.660(4),but must not disclose any information discussed. No Executive Session may be held for the purpose of taking any final action or making any final decision. Executive Sessions are closed to the public. Uucoming meetings of note: Tuesday,April 5,6:30 p.m.,CCDA Board Meeting,Tigard City Hall Wednesday,April 13, 6:30 p.m., Regular CCAC Meeting,Fanno Creek House, 13337 SW Hall Blvd CITY CENTER ADVISORY COMMISSION AGENDA— March 9, 2016 City of Tigard 1 13125 SW Hall Blvd.,Tigard,OR 97223 1 503-639-4171 1 www.tigard-or.gov I Page 1 oft CITY OF TIGARD CITY CENTER ADVISORY COMMISSION Meeting Minutes March 9, 2016 Members Present: Carine Arendes (Chair),Joyce Casey, Gina Schlatter,Richard Shavey,Mark Skorupa, Sarah Villanueva (alternate) and David Walsh Members Absent: Linli Pao (Vice Chair), and Sherrie Devaney Staff Present: Redevelopment Project Manager Sean Farrelly, Senior Transportation Planner Buff Brown, Senior Planner Susan Shanks and Senior Administrative Specialist Joe Patton Others Present: Councilor Marland Henderson, Council Liaison to the CCAC; US Bank Tigard Branch Manager Lucy Escobar and PSU MURP team member Curtis Fisher 1. CALL TO ORDER Chair Arendes called the meeting to order at 6:30 pm. The meeting was held in the Tigard Red Rock Conference Room, at 13125 SW Hall Blvd.Joe recorded the roll call. 2. CONSIDER MINUTES The February 10, 2016 CCAC Minutes were approved. 3. NON-AGENDA ITEMS/PUBLIC COMMENT A. Sean noted there are two upcoming events: Monday,March 28 at 5 pm the neighborhood meeting for the Saxony project in Town Hall and on Friday,March 18 at 11:30 am the grand opening of Bailey's Burgers downtown. B. Richard said he is working on a four-year plan to promote downtown and invited anyone interested to participate. He has compiled a list of projects completed,in progress and planned. C. Joyce reported the free Little Library project is moving forward and thanked Marland for providing the design drawings. 4. SW CORRIDOR AND DOWNTOWN Buff noted that he attends the regularly scheduled SW Corridor meetings.A meeting will take place in April with a date and location TBD. On May 9, decisions are expected on mode (light rail or bus rapid transit), service mode to PCC and final Tigard alignment to move forward with in the Environmental Impact Study. Buff gave a brief overview of the current proposed alignments. TriMet believes they can afford a $2.4 billion maximum,with half provided via a federal grant. Each alignment has positive and negative aspects. Once all items are decided, a package detailing decisions for the whole project will be available for feedback. TriMet is planning to have the referendum on the November 2016 ballot. 5. TIGARD TRIANGLE URBAN RENEWAL Susan gave a brief overview of the Tigard Triangle and discussed the possible creation of an Urban Renewal District (URD) for the area. Tigard received a $145,000 Metro grant to create an Urban Renewal Plan, Streetscape Design Plan and an educational campaign about Urban Renewal.The goal is to put the issue up for a vote on the May 2017 ballot. Susan is recruiting volunteers from each City committee to take part in an ad hoc Citizen Advisory Council to help decide the priority of projects and to spread the word. David volunteered to serve. Curtis Fisher gave a brief overview of his role collecting data in the Triangle in conjunction with State of Place. They will assess the existing streetscape environment and formulate recommendations to get the Page 1 of 2 CITY CENTER ADVISORY COMMISSION March 9,2010 highest return on investment.The MURP team will be conducting a community engagement effort for current Triangle residents and businesses. They are also seeking citywide public feedback via an online surrey. He will share the link when it is finished. 6. DOWNTOWN U.R. PLAN UPDATE Sean asked for initial reaction to expanding the LFrban Renewal Plan,including area and the timeline,which requires a public vote. The feasibility and regulations are under consideration. Members indicated interest in expanding the district. Sean will present a proposed timeline at the next meeting. 7. CCAC GOALS IMPLEMENTATION Liaisons will monitor the agendas for the various boards and committees and attend if topics related to downtown appear.The liaisons (primar),, secondary) are: CCDA–Carine,Linli;PBS–Joyce, Mark;PRAB – Sarah,Carine;TDA–Gina, David;l AC –14fark,Joyce;Triangle–David. Topics of interest workgroups: downtown housing–David,Ianli, Richard,Sarah; marketing downtown to developers–David, Gina,Mark; marketing to consumers/branding–Canine,Sarah;circulation–Carine, .Joyce, Mark_ Canine setup the topics in Google Drive for easier collaboration. 8. CCDA FY 16-17 BUDGET Sean briefly explained the details of the CODA budget. 9. PRAB/CCAC JOINT COMMITTEE Sean will attend the PRAM meeting to discuss the Saxony property. He noted that a vote on a new park bond would not be on the ballet this fall.There is discussion about retaining the remaining park bond funds for future for use for downtown public space. Sears will find out if DRAB still wants a joint committee and to define the role envisioned. 10. DOWNTOWN VIDEO Sean stated the video duration would be 3 to 4 manures highlighting streetscape, art and walka'bility in downtown.Joyce suggested including Fanno Creek and the trail system. The goal is to promote downtown to a wide audience. 11. LIAISON REPORTS A. Presentations were given to CCDA from Sean on housing and Floyd on economic development at the last meeting. David noted parking was a topic of discussion at the Council meeting afterward. B. Canine noted the ballot this year includes several items such as high capacity transit,Metro parks maintenance levy,'1 fSD and a local marijuana tax. Council also received an update on the Nicoll project. 12. ADJOURNMENT The meeting was adjourned at 8:50 pun. k� /10A JdVPatton,CCAC Meeting Secretary '0'�(W — AT FST: 6Ane Arendes,Chair Page 2 of 2 q)wa M&W ane hap p etthW in Dewntotm J*vud - "Spread the word!" Mayor's Blue Ribbon Task Force Final Report, 2013 "Develop and implement a competitive economic development strategy that creatively engages members of the business community and the citizens. Focus on strategies for the downtown". Completed in last three years 2/24/2016 1. Major improvements on highway 99W at Hall Blvd. & Greenburg Road intersections. 2. Burnham St. has new street paving, sidewalks, trees, landscape & lamp post lighting for the full length of Burham. 3. Chamber of Commerce has launched a new Downtown website. http://exploredowntowntiaard.com/ 4. New Downtown face book page. htlp://www.facebook.com/ExploreDowntownTi)zard 5. Main St. with new concrete paving, curbs, sidewalks, lamp post light fixtures with decorative glass baskets, trees, landscape, trash receptacles, bicycle racks & street furniture. 6. Park Bond Fund has $1.7 mil. for purchase of a Downtown plaza park site. 7. Max's BrewPub, Karate on Main & Pro Design Solutions had extensive buildings remodeled to include a new elevator & exterior seating with a trellis on Main St. This project has been recognized for an Urban Design Award. 8. Symposium Coffee House located in the first floor of the Chamber Building. 9. Fish & Field located a new store front on Main St. 10. 20 car parking lot on Burnham near Main St. 11. Jeffrey Allen purchased the Maria Christina building, the masonry building on corner of Main St. & Burnham & opened a new Asian interiors studio, with a 20 ft. reclining Buddha on the roof. 12. Entry Gateway Artwork at both ends of Main St. has been completed and installed. 13. Miller Paint relocates to Main St. 14. A-Boy Building has a new paint job. 15. Large culvert where Fanno Creek passes under Main St. has been cleaned, painted with artwork and new light fixtures installed. 16. Lloyd Purdy is the new Tigard Economic Development Director. 17. Tigard Downtown Alliance is formed and has been operating for the past 2 years . 18. More than $52,000 has been secured through various sources by the TDA for Downtown projects. Funded by tourism dollars from WCVA. 19. City purchased the Ferguson property on Burnham St. 20. Tigard has a 99 year lease on the RR property adjacent to Tigard Ave., north to Tiedemann Ave. 21. New artwork is on loan and installed at the Chamber Building. 22. Tigard received $400,000 to study downtown Brownfield sites. 23. Frame Central relocated to Main St. 24. New artwork is on loan and installed at B& B Print Source at Burnham and Ash. 2 Currently in Process 25. 167 unit mixed use complex on the city utility yard property on Ash St. is under construction. This apartment complex will have ground floor retail, parking, unit storage and areas for bicycle storage. 26. City is working on remediation of Downtown Brownfield sites. 27. City has purchased 3 Saxony Properties on Main St. next to Fanno Creek. 28. TDA's second Downtown Artwalk, May 1-15, 2015. 29. Downtown's fourth Street Fair, August, 2015. 30. City has adopted the Strolling Street concept for Main St. and the first landscaped plaza areas have been installed, making the Downtown a more walkable area. 31. New Dog Park has been installed at Ash St. and Burnham. 32. City is leaning toward new HCT Station on Ash St. 33. East half of Main St. will be remodeled in 2017- 2018. This will be finished to match the west half of Main St. already completed to include new concrete paving for Main St., curbs, sidewalks, lamp post light fixtures with decorative glass baskets, trees, landscape, trash receptacles, bicycle racks & street furniture. 34. Study concepts have been presented and discussed and a plan is being drawn for the `Heritage Trail'. This walking/bicycle trail extends adjacent to Tigard St. from Main St. north to Tiedemann Ave. This will make a new entry into the Downtown area. A walkway has been paved. 35. Clean Water Services to restore Fanno Creek to the original natural path with design in 2017 & work in 2018. 3 36. New gun merchant has located at Main St. and Commercial. 37. Crown Carpet across from the Wes Station has been sold to a paddle store. 38. The Nicoll property at Commercial and Main and the Tri-met property at the WES Station have received a grant to study housing possibilities. A Request For Proposals will be issued by the City in March to start the planning process. 39. A design development study for the Saxony properties has been completed by RESOLVE Architecture + Planning and presented to the City Council with good reception. The structure is six stories with commercial office space above and retail space at ground level. Located on Fanno Creek, the adjacent area will have a recreational deck and tie into Main Street and the Brew Pub. 40. Tri-met and the City are negotiating to relocate the bus center out of the WES. 41. The old building on the Dolan Property on Main has been demolished and is waiting for a new structure. 42. New street sign is being designed to go above Main St. this spring. 43. A NEW RESTAURANT! Bailey's Burger Shop on Main St. near Burnham will open on Friday, March 18th Facade Improvement Program Completed Proiects: (17 projects) Site Address Business/Property 12155 SW MAIN ST Main Street Cleaners 12215 SW MAIN ST Building 12245 SW MAIN ST Main St. Stamp & Stationery 12170 SW MAIN ST UnderWater Works 12345 SW MAIN ST Symposium Coffee 4 12425 SW MAIN ST Sherrie's Jewelry Box 12297 SW MAIN ST Rojas Market & Taqueria 12175 SW MAIN ST Car Quest 12436 SW MAIN ST Tigard Wine Crafters (used sign design, but no grant funding) 12460 SW MAIN ST Jeffrey Allen 12394 SW MAIN ST Cafe Allegro 12490 SW MAIN ST Tigard Liquor Store 12540 SW MAIN ST Fish Field 12550 SW MAIN Pacific Paint 12575 SW MAIN ST We Li Acupuncture 12562 SW MAIN ST Max's Fanno Creek Brewpub 12564 SW MAIN ST Diamond Building Special Note: In a recent community survey, Tigard residents showed a preference for Light Rail High Capacity Transit to downtown. 5 'PIP 14$.0 f° csiFl � c�7 1/ 3/4"x 4`x S" birch plywood 436.01 �? `�� ti`r'e 1/ 4"X6"xS' POST A 0 Nt p C7 o �?1 130.0 AL a CO r Agenda Item 4 Alignments under Consideration Downtown Tigard The committee is considering whether to continue the study of the following alignments: Ash Avenue via Beveland Street crossing (BRT or LRT) SOUTHWEST CORRIDOR PLAN . ;•"J j h ' ' 'i Alignment for evaluation: ;• �';° _ i r _ , x ' Ash Avenue y � _. P, ��{{ DRAFT 10/12/15CLINTON sr r+i ` • 10 CAD CiZ Bike& Tigard 1��'y 1 `• Pedestrian Triangleilp l Downtown ro •••••••••ice• Crossing i a Tigard s110 f i. -.: •••s•f•••�•••h. L-4���i Y�.. .:"' i� ��' IR w t( `+ r 9 *. .� f• ,�. •` # 1 Alignment&Stations for BRT or LRT •� n 'ter r � + 41W 0 ON New Structure ,+!►�+ •� t+,y �� _�`� �FFr! Mixed Traffic Segment for BRT both directions/one direction r ,� > �• f' W,11 ••••Ma or Road/Bike/Pedestrian Projects �.,�1 , y ♦ {inc�uded in cost estimate) w ► +��� •iMt r ` 3. P Existing Park-and-Ride Lot 2' r '�tj�;�.�;,�•�� �' moo'%:' I ,. • WES Commuter Rail a r� •�'Y ;y oil ' R 14%, Note.,This map demonstrates the assumptions used for r '* .` � '•; �' ' the purposeofevaluation.Station locations,structures, r 1�+tiir+1 and other characteristics of the alignment are in draft ��{y- • form and are subject to change. r fs • This option would include two stations in the Tigard Triangle, in the northern and southern ends of the area, and a station near the Tigard Transit Center on Ash Avenue between Scoffins and Commercial streets.This alignment would not include a station in the vicinity of Hunziker and Wall streets ("Hunziker station"). • The alignment would cross OR-217 on a new bridge extending westward from Beveland Street, passing behind the industrial properties fronting Hunziker and crossing Hall Boulevard at Knoll Drive. This new bridge could accommodate cars, but auto traffic may be better served by a second new bridge connecting Beveland to Hunziker near its intersection with Wall. Bikes and pedestrians could be served by one or both bridges. • From Hall Boulevard, the alignment would run along Ash Avenue, cross Commercial, and then turn southeast to parallel the WES tracks heading toward Tualatin. Branch Service via Beveland Street crossing (BRT or LRT) 1N r SOUTHWEST CORRIDOR PLAN I Alignment for evaluation; KI Branch Service r . ,,r• P z UNI . — �, DRAFT 10/6/15V. +C.� i►i r J { Ir � �■s �� Yi1' , , �Y. I � t o i i .,J#� + .. ' .' :i elf . r v , I- -- �.r _" i` 'M.. '• t , Tigt s o --'-tom *,/ Downtown sro -,a Trlao I ;� .T. i a Tigard =s P,fti is ow " Yt 16 �i , #` r t. .��r.. � ' Auto.Bike {I'■,: - I,❑ M,. ' ' h� `off4 �I &Pedestrian Crossing l�" �'� • � ���r PWIN r`s,>•♦;� i� y�y, ■•\•'fes_• � t �■^ u I- , fall ,t+, f Alignment&Stations for BRT or LRT r \,/t '/// +' ? �� 00 New Structure a 9N.{! " Mixed Traffic Segment for BRT both directions/one direction Ma or AIi nment-Related Projects � Q ra`;• 'A � . �,(( > 'yygg ••••(inc�uded inn cost estimate) P 0 Park-and-Ride Lot:existing/with LRT i.'s,1 Note:This map demonstratestheassumptfonsusedfor .0- WES Commuter Rail the purpose of evaluation.Station locations structures, _ and other characteristics of the alignment are in draft , form and are subject to change. ... '� a u mile .:moi►.-.r���•st� - - � >.-�,_�: • This option would include two stations in the Tigard Triangle, in the northern and southern ends of the area, and a station near the Tigard Transit Center. It would include a Hunziker station, at which HCT service would split with every other train heading toward the Tigard Transit Center or points south. A park and ride could be sited at the Hunziker station. • The alignment would cross OR-217 on a new bridge, curving from Beveland to Wall,which would be fully multi-modal, accommodating transit, cars, bikes and pedestrians. • This HCT alignment would split directions for travel where Wall intersects the WES alignment.The Tigard Branch would parallel the WES alignment on the east side of the existing tracks, crossing Hall to connect to the Tigard Transit Station.The Tualatin Branch would parallel the WES tracks to the east of the existing tracks, heading south toward Tualatin. Clinton Street Crossing (BRT or LRT) 77 SOUTHWEST CORRIDOR PLAN ` �. i y t,} ti b. f f�' 1 a. F I + • i.�y ti� i Alignment for evaluation: t : ��. *;,'• ;. �< �, [#' �' u Clinton Crossing ► 'a :r + �;,.; . } • p 4. -� r DRAFT 10/12/15 '�'7 +� * - .i t / • e � i .0-.R via d GD '►3 dtr1��'J; + >•rte, .� y .+r' �, r I i "� i° ; �y•,``•'f► .i� � +,1 +t',`�8� � r+ CI IN fiJN , � d I� .����,` i� V'�{ �► - !•NN��NMrerHl�NogNa �l �: � {/�+� � �� �� C oeeeeeeoNoere�Bike& QaR9puTH *rJJ F-- — ��. .'� } ��eeee•rN• Pedestrian x CrossingTigard elm .mss M`■+` } A.� �� `' TriangleEVE 3,� . s c� iv lit W11 111? .1 vow ♦ mss. ,♦ ♦ Lipa*- Alignment&Stations for BRT or LRT ■ J► 00 New Structure Major Road/Bike/Pedestrian Projects 1 `' %'•.�j (included in cost estimate) +�++"�j:•. P Existing Park-and-Ride Lotwo ti .,.. 4� 0, uter Rail WESComm UP4 ' _ Note.,This map demonstrates the assumptions used for '; . may• +j141,J j �„ '7 R, the purpose ofevaluation.Station locations,structures, f - 8%W1 I and other characteristics of the alignment are in draft 4'. . `(� (� -.7 form and are subject to change. t v.,,`t,.a. it+` r. ry rif';`1 j '�•x 1!� :u . I -3L mile . tf • This option would include one station in the Tigard Triangle, in the northern end of the area, and a station near the Tigard Transit Center. • The alignment would cross OR-217 on a new 3/4-mile elevated structure extending from 701h Avenue and Clinton Street to Hall.The bridge could accommodate bikes and pedestrians but not cars. • At Hall, the alignment would transition to center running in a new street connecting Hall to Commercial. The alignment would then turn southeast to parallel the WES tracks heading toward Tualatin. Agenda Item 5 Fro City of Tigard M Memorandum To: City Center Advisory Commission From: Susan P Shanks, Senior Planner (susansktigard-or.gov or 503-718-2454) Re: Tigard Triangle Citizen Advisory Council (Urban Renewal Plan) Date: March 2, 2016 The City of Tigard successfully competed for a Community Planning and Development Grant (CPDG) from Metro in November 2015. The $145,000 grant award will be used to build upon and implement the Tigard Triangle Strategic Plan (TTSP), a long range redevelopment plan adopted by the city in March 2015. The TTSP envisions a diverse mix of uses, improved connectivity for a�e5�a¢° "a �•Ra= all travel modes, and an enjoyable Lo 5me' walking environment. Various 1 implementation strategies were = Communty � identified in the TTSP and several ^b^ ' f 1 W'� con.ge �ad. I will be undertaken by the city with w r these grant funds, including fi6Q S' 'aa,� Zli I development of a Streetscape Design Plan and an Urban %a a Renewal Plan. Development of an6 `aids Me,a,r,. Urban Renewal Plan is necessary m prior to the creation of an urban Mag Key renewal district which through �`"""a'Y5`udy Area fake 0sx e8e/Xr�se lNa 7 =Sesandary Study Area y tax increment financing,wouldSe provide the Triangle with a long- term funding source for completing infrastructure projects and undertaking public-private development projects, similar to what has occurred in downtown. Since the creation of an urban renewal district requires citywide voter approval, the city will be convening an ad hoc Citizen Advisory Council (CAC) to guide the development of the Urban Renewal Plan. In order to ensure broad representation, we are asking each of the city's standing committees to send one representative to serve on the CAC. We are grateful for your current service to the city and appreciate your consideration of this request. We anticipate convening the CAC in May 2016 on a monthly basis for approximately 6 months. CCAC 2016 Adopted Goals Agenda Item 7 GOALS IMPLEMENTATION 1. Support URA Project Infrastructure& a. Key Projects Development i. Ash/Burnham Redevelopment a. Monitor,review,and provide input on key ii. Public space (Tigard Street Trail, Fanno projects Creek Park Improvements) b. Monitor progress of prioritized Urban iii. Fanno&Main project tracking Renewal Plan Projects iv. New Metro CET grant(Main Street Lofts) -scope of work v. Parking management b. URP projects i. fill-in gaps of Hall Blvd sidewalks ii. plaza(s) development iii.the Tigard Street Trail&Tigard Street on- street bicycle lane iv.public restrooms v.Ash Avenue rail crossing 2. Identify and Discuss Long-term impacts a. Factors may include supply,location, of future development projects to the affordability downtown area b1. SW Corridor Plan- (High Capacity Transit& a. Housing availability corridor land use planning) b. Transportation&Circulation b2. Main Street Green Street Phase II c. Improvement Programs c. Sk line Im rovement Program SIP 3. Communications&Engagement a. Liaisons a. Liaisons i. Attend meetings when downtown related i. Define the role of liaison and scope of agenda items listed; appoint main liaison representation and a second. ii. Identify and assign CCAC members to ii. Identify liaison for TTAC, SW Corridor liaise with other boards and committees Plan Meetings,TDA, Budget, PRAB b. Engagement b. Engagement i. Support expansion and/or formalization i. Advocate for potential funding options to of partnership with Tigard Downtown keep TDA momentum going; Alliance ii. For example,when talking about HCT, ii. Develop communications plan for CCAC urban renewal financing, downtown member engagement with public for parking, etc. upcoming projects iii. Advocating for bilingual outreach as a iii. Communication appropriate for all Tigard policy communities c. Refine communication with Council/CCDA c. Communication with Council/CCDA Board Board,update Council/CCDA Board on prior goal issues and outcomes,and request Council give more details when charging CCAC to examine issues. 4. Actively self-educate on topics of a. Identify topics of interest interest to the downtown,such as b. Identify resources such as staff,information marketing to developers and consumers, sources, existing programs, etc. related to and affordable housing. topics of interest c. After reviewing materials, consider making recommendations regarding topics Adopted at February 10, 2016 CCAC meeting Agenda Item 8 CCDA FY 16-17 Draft Proposed Budget Resources Amount Comment Beginning Fund Balance $382,000 Previous tax increment Estimated FY 16-17 Tax Increment $434,000 Metro CET Grant $100,000 EPA Brownfield Clean Up Grant $400,000 Rental income $78,000 Ferguson Total $1,394,000 Projects Nicoli/Transit Center Redevelopment $110,000 Metro CET Grant funded pre-development Planning work. ($10K CCDA match) Saxony demolition, clean-up and site $525,000 EPA grant would fund cleanup and part of preparation demolition ($400,000). $125K CCDA funds for demolition and other site prep. Urban Renewal Improvement Program $50,000 Opportunity fund for Strolling Street, opportunity fund Targeted Improvement, Facade Improvement, and Skyline Improvement Architectural Design $15,000 Concept drawings for public spaces and parking garage Urban Renewal/Real Estate Advisors $12,000 UR plan and financial review Total Projects $712,000 Requirements Debt Service $167,000 Potential payment for Saxony $515,000 Total requirements $1,394,000