File #: 15-406    Version: 1 Name: Agreement for Downtown Economic Improvement District
Type: Report Status: Consent Agenda
File created: 6/26/2015 In control: City Commission
On agenda: 7/15/2015 Final action:
Title: Agreement for Downtown Economic Improvement District
Sponsors: Eric Underwood
Indexes: Goal 1: Implement Economic Development Strategy and Maintain an Environment for Success.
Attachments: 1. Staff Report, 2. EID Disbursement Agreement, 3. Ordinanance No 15-1003, 4. Downtown Economic Improvement District Map - 2015-2018
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
No records to display.

Title

Agreement for Downtown Economic Improvement District

 

Body

RECOMMENDED ACTION (Motion):

Staff recommends that the City Commission authorize the City Manager to sign the Agreement for Downtown Economic Improvement District (DEID) for District administration.

 

BACKGROUND:

The City Commission passed Ordinance 15-1003 on June 17, 2015 approving the establishment of a Downtown Economic Improvement District for a period of three years.  The attached agreement is between the City of Oregon City and Main Street Oregon City, Inc. and complies with Section 11 of Ordinance 15-1003 that authorizes the administration of the DEID.  If approved, this Agreement will remain in effect for the life of the current DEID which will be until July 17, 2018.