Today's newspapers reported on the item on next week's Council agenda to purchase a portion a site in SE Portland with the intention ot creating a long-sought community center.

There was an article in the Portland Tribune, mostly drawn from the Francesconi press release, although it also reports that no opposition is expected. The Oregonian also published a story on this today, but the always-smooth interaction between the paper and OregonLive resulted in it not being posted online, so we can't provide a link.

For those interested, here is the text of the ordinance (pdf), which says in part:

Option A, the preferred purchase option, will be financed by a funding packaged comprised of $1,000,000 in PPR System Development Charge funds; $1,000,000 in one-time General Fund; potential contribution from Portland Development Commission; and sale of Portland Park and Recreation assets that are no longer required to fulfill PPR's service delivery requirements. Due to timing issues associated with PDC and asset sales, it is proposed that a loan be taken out. This is the subject of a separate ordinance.

After three years, should funds not be available for the full purchase of 4.5 acres, the City will sell a portion of the land to finance the shortfall while still maintaining enough land to include property for a community center, soccer field and preservation of site trees.

The ordinance is item 878 on next week's Council agenda, and is listed as an 11:30 AM "time certain" -- which means that it will be taken up no earlier than that time.

This entry was posted by The One True b!X on July 23rd, 2004, at 11:12 PM and is filed under Design & Development, Livability, Metro-Area Politics. There are one comments (most recently on July 23rd, 2004, at 11:42 PM) and .