Lincoln City Urban Renewal Agency and City Council Meeting Minutes
The board discussed initiating a substantial amendment to the Roads and Villages Urban Renewal Plan, which includes boundary changes to facilitate a new roadway connection to Highway 101 and the inclusion of vacant property for potential development. The amendment process, financial implications, and the update of financial data due to the passage of time since the plan's adoption were reviewed. Additionally, the meeting addressed the methodology for voluntary revenue sharing to ensure consistency and transparency for future financial calculations. The extension of the urban renewal area's projected timeline was explained as a result of slower-than-anticipated development, and the board noted that this extension does not increase the maximum indebtedness.