191884

The City of Portland ordains:

Section 1.  The Council finds:

1. Prosper Portland is the City of Portland’s (the “City’s”) Urban Renewal Agency with broad powers to make investment towards economic development and community development outcomes.
2. The Portland Bureau of Transportation (“PBOT”) oversees transportation operations and improvements in the City’s public rights-of-way, and cooperation between Prosper Portland and PBOT is beneficial to the implementation of urban renewal plans and other public policies, plans, and capital projects.
3. Portland’s Central City 2035 Plan identified the OMSI Station Area (the “OMSI District”) within the Central Eastside district as a large potential redevelopment site subject to a Central City Master Plan review process to identify future development requirements, locations of uses, plans for meeting infrastructure capacity and the location of open spaces and right-of-way to connect to the larger surrounding area.
4. Portland Design Commission approved the OMSI Central City Master Plan on February 16, 2023, in Case Number LU-21-115214, (the “OMSI CCMP”) to guide future development within the OMSI District.
5. PBOT and OMSI have identified road reconstruction and connectivity improvements adjacent to or otherwise near the OMSI District for a New Water Avenue as critical priorities in the OMSI District, in order to serve users of the OMSI District as well as Central Eastside residents and the public generally (the “Project”).
6. Prosper Portland desires to provide $10.9 million of tax-increment finance revenue (“TIF”) to PBOT for PBOT to construct the Project.
7. If Prosper Portland receives $6 million from the Oregon Business Development Department (“State Funds”) for the Project, it would like to provide these additional funds to PBOT for the Project.
8. Prosper Portland desires to enter into an intergovernmental agreement (“IGA”) with PBOT to establish terms and conditions by which Prosper Portland will compensate PBOT for the Project.

NOW, THEREFORE, the Council directs:

1. The Deputy City Administrator for Public Works or the Portland Bureau of Transportation’s Director is hereby authorized to accept on behalf of the City of Portland a grant from Prosper Portland for T01273 New Water Avenue project in the amount of up to $16,900,000. 
2. The Deputy City Administrator for Public Works or the Portland Bureau of Transportation’s Director to execute an Intergovernmental Agreement in the amount of up to $16,900,000 in a form similar to the contract attached as Exhibit A.
3. The Deputy City Administrator for Public Works or the Portland Bureau of Transportation’s Director is authorized to execute amendments, approved as to form by the City Attorney, to the scope of the services or the terms and conditions of this Agreement, provided the changes do not increase the total project cost by twenty-five percent (25%) or greater.  
4. The FY 2024 / 2025 budget is hereby amended as follows:
   1. GRANTS FUND
      Fund: 217
      Business Area – TR00
      Bureau Program Expenses – $16,900,000
5. The OMF Grants Office is authorized to perform all administrative matters in relation to the grant application, grant agreement or amendments, requests for reimbursement from the grantor, and to submit required online grant documents on the Deputy City Administrator for Public Work’s behalf.                

Section 2.  The Council declares that an emergency exists because a delay would unnecessarily delay the City’s ability to perform the activities authorized by the grant; therefore, this Ordinance shall be in full force and effect from and after its passage by the Council.