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<br /> <br /> <br /> <br /> <br />503.635.0215 380 A Avenue PO BOX 369 Lake Oswego, OR 97034 www.ci.oswego.or.us <br /> <br />Subject: Request to Amend the Disposition and Development Agreement and Use Covenant <br />of Block 138 to Expand Uses for Ground Floor Retail on State Street <br /> <br />Meeting Date: May 21, 2019 Staff Member: Sidaro Sin, Redevelopment Manager <br /> <br />Department: Lake Oswego Redevelopment Agency <br /> <br />Action Required Advisory Board/Commission Recommendation <br />☒ Motion ☐ Approval <br />☐ Public Hearing ☐ Denial <br />☐ Ordinance ☐ None Forwarded <br />☐ Resolution ☒ Not Applicable <br />☐ Information Only Comments: <br /> <br /> ☐ Council Direction <br />☐ Consent Agenda <br /> <br />Staff Recommendation: Authorize the Executive Director to execute a second amendment to <br />the April 17, 2001 Disposition and Development Agreement and Use Covenant of Block 138. <br /> <br />Recommended Language for Motion: Move to authorize the Executive Director to execute a <br />second amendment to the April 17, 2001 Disposition and Development Agreement and Use <br />Covenant of Block 138 to allow fitness, health and beauty services, financial institutions, <br />health care, office and real estate services on the ground floor along State Street for a <br />portion of Building B and all of Building C. <br /> <br />Project / Issue Relates To: <br />☐Council Goals/Priorities <br /> <br />☒Adopted Master Plan(s) <br /> <br />☐Not Applicable <br /> <br /> <br />ISSUE BEFORE THE BOARD <br />Shall the LORA Board allow expanded uses on the ground floor along State Street in the Lake <br />View Village mixed use development? Leasing retail space along State Street has been <br />challenging since the mixed-use development first opened in 2003. Leases are expiring for <br />some of the tenants and Gramor Development seeks to expand the uses allowed in these <br />spaces to meet the demand of the changing retail industry and to provide additional consumer <br />options. Under the existing Use Covenant, these uses are restricted to retail, hotel or <br />13.2