Title
The Cove - Phase II, Lot 1 Proposal Presentation
Body
RECOMMENDED ACTION (Motion):
Staff recommends that the Urban Renewal Commission consider the presentation on The Cove - Phase II, Lot 1 by Clackamette Cove, LLC.
BACKGROUND:
Clackamette Cove, LLC (CCLLC) has requested an opportunity to present a new proposal for Lot 1 of Phase II of The Cove Project. The proposal involves converting Lot 1 from a developable parcel to a water quality and natural habitat area. CCLLC is also requesting a portion of the Urban Renewal funds originally committed for Phase II infrastructure to be reallocated in order to subsidize a Habitat and Water Quality Feasibility Study as outlined in the attached document.