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;~ <br /> <br />BEFORE TgE BaAgp OF COMNIISgIONERS <br />FOR MARION COUNTY, pgEGpN <br />7n the matter of allocat-) <br />ing video lottery funds) <br />to the Courthouse Squaze) <br />project.) <br />j,,°' "r..' <br />;rut.:r~~ Gii€1'~j T <br />;%i l~',.[~ I <br />I..J. '~r_n;i <br />[s~~'t~ _ <br />RESOLIITION NO. 1 'lSl <br />This matter came before the Marion Count~, Boazd of Commissioners at a regular public <br />m~n8 on Maz'ch 12, 1997, to cons~der allocating up to $459,031 in video lottery funds to the <br />Courthouse Square project. <br />WI~REAS, fhe Board of Commissioners has previously taken actions necessary to acquire <br />federal and local funding, including both private investment funds and Salem Urban Renewal <br />funds and, <br />WI~REAS, the county has also determined that in order to insure that sufficient funds are <br />available to provide a 25% match to the Federal (FTA) grant funds ($1,836,125), and to insure <br />that suf~icient local funding is availabie to meet the counry's cash flow and exclusive obligations <br />for consu(tants~ relocation and environmental cleanup costs and, <br />WI~.?REAS, the Board of Commissioners finds that the project meets the intent and eligibility <br />requirements for economic development based on the following: <br />1• The project is in conforman~ a,l~ ~e newly adopted Core Area Master Plan for <br />downtown Salem. The project will refurbish store fronts and streetscapes, <br />provide addi6onal paz]cing for shoppers, enhance retail shopping and add open <br />space (plazas) to the core azea. <br />2• The project is a public/private venture that will allow the county to loaier the unit <br />cost of the faci(ity without asking for additional voter approved tax dollars. <br />3• The transit district has been asked to relocate thC~e '' <br />wlule maintaining a transit facili g bus mail off High Street <br />downtown site, is made possible by thecounty~s p~ic pation in the project~The <br />project will provide the district with a new centralized ticket and administrative <br />office together with a joint conference facility and a mo~ern, more efTicient <br />transit center. ~ <br />fede al (FTA) funds, an helps to~ sure a financ al part~ shiptw th other public <br />