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INTERGOVERNMENTAL PARTICIPATION
<br />AGREEMENT
<br />THIS PA TICIPATI N AGREEMENT (the "Agreement") is made and entered into as of
<br />the ~,day of , 19~Q, by and between the URBAN RENEWAL AGENCY
<br />OF THE CITY OF ALEM, OREGON, a public body corporate, acting by and through
<br />the City of Salem Oregon, a public body corporate ("Agency"), and MARION COUNTY,
<br />OREGON, a political subdivision of the State of Oregon ("County"), and SALEM AREA
<br />MASS TRANSIT DISTRICT, a political subdivision of the State of Oregon ("Transit
<br />DistricY').
<br />RECITALS
<br />A. The County and the Transit District own certain real property located in
<br />downtown Salem, Marion County Oregon, described as Block 5, Salem. The County
<br />and Transit District have agreed to construct on the property a mixed use facility
<br />commonly known as Courthouse Square generally consisting of a transit center with
<br />Transit District administrative offices, County administrative offices, and other
<br />improvements to be developed by a third party on a leasehold interest granted by the
<br />County and Transit District (the "Project").
<br />B. The Project is located within the boundaries of the Riverfront/Downtown
<br />Urban Renewal Plan ("Plan") adopted May 5, 1975, as amended December 14, 1998.
<br />Objectives of the Plan, administered and implemented by the Agency, include "To
<br />improve present public streets and alleys by installation of new surfacing, curbs,
<br />gutters, sidewalks, and the placing of visually integrated street furniture, and to develop
<br />and improve the street lighting system." (section 400 M), "Where necessary, to
<br />construct, install, and replace new publicly owned utility systems such as water, storm
<br />drains, and sanitary sewers where existing systems are inadequate, undersized, or
<br />substandard."(section 400 P), and "To beautify and enhance the streetscape by
<br />participating in projects involving public art, landscaping, sidewalk surfacing, signing,
<br />street furniture, intersection corner bulbs, weather protection, and related
<br />improvements" (section 400 R).
<br />C. The County and Transit District have requested the Agency to financially
<br />participate in the Project by funding streetscape improvements, weather protection,
<br />street lighting, traffic signalization, public utility reconstruction, and removal of an
<br />existing on-street transit transfer facility.
<br />D The Agency pledged up to $2 million to fund participation in the requested
<br />Project elements. In accordance with an annual tax management plan and the annual
<br />budget of the Riverfront/Downtown Urban Renewal Area, funds to meet the $2 million
<br />~ dollar pledge are being accumulated over a three year period with fult funding of the
<br />pledge to be achieved July 1, 1999.
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