(Portland, OR) -- The City of Portland is releasing a draft of the terms it wants to negotiate with the Trail Blazers over the Moda Center remodeling project. The terms include a 20-year agreement that keeps the Trail Blazers at the Moda Center, a requirement for a labor-peace agreement to support the workforce, protections against cost overruns, a three-million-dollar annual payment by the Blazers for property tax offsets and access for community events. There will now be negotiations with the Blazers to finalize the term sheet.