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Ordinance No. 20564
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2016 No. 20560 - 20571
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Ordinance No. 20564
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Last modified
6/15/2016 2:05:21 PM
Creation date
6/15/2016 2:00:16 PM
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Council Ordinances
CMO_Document_Number
20564
Document_Title
Ordinance Adopting Amended Urban Renewal Plan for Downtown Urban Renewal Distrcit
Adopted_Date
6/13/2016
Approved Date
6/14/2016
CMO_Effective_Date
7/15/2016
Signer
Piercy
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Table of Contents <br />Chapter1: Introduction......................................................................................................................1 <br />Chapter 2: Description of Physical, Social, Economic, and Environmental <br />Conditions in the Plan Area....................................................................................... 2 <br />Chapter 3: Expected Impact, Including Fiscal Impact, of the Plan in Light of Added <br />Services or Increased Population............................................................................ 6 <br />Chapter 4: Reasons for Selection of the Plan Area................................................................. 8 <br />Chapter 5: Relationship Between Existing Conditions and Each Project Activity <br />Undertakenin the Plan................................................................................................9 <br />Chapter 6: Estimated Total Cost of Each Project or Activity, Sources of Money, and <br />Anticipated Completion Date for Each Project or Activity ........................ 13 <br />Chapter 7: Estimated Amount of Money and Anticipated Year in Which <br />Indebtedness will be Retired or Otherwise Provided For Under ORS <br />457.420 to 457.460.................................................................................................... 16 <br />Chapter 8: Financial Analysis of the Plan with Sufficient Information to Determine <br />Feasibility....................................................................................................................... 18 <br />Chapter 9: Fiscal Impact Statement that Estimates the Impact of the Tax <br />Increment Financing, Both Until and After the Indebtedness is Repaid, <br />Upon All Entities Levying Taxes Upon Property in the Plan Area ......... 19 <br />Chapter 10: Relocation Report....................................................................................................... 23 <br />Chapter11: Appendix......................................................................................................................... 24 <br />Exhibit A: Plan Area Map <br />Exhibit B: Zoning District Map <br />Exhibit C: Census Boundaries Map <br />Exhibit D: Plan Area Map with 2016 Expansion Area Highlighted <br />Exhibit E: Table 7 - Projected Revenues & Expenditures for the Plan Area <br />Exhibit F: Table 8 - Impact of Urban Renewal on an Individual Tax Bill <br />Exhibit G: Table 9 - Estimated Division of Tax Impact of the Plan on <br />Overlapping Taxing Jurisdictions, FY16 - FY27 <br />Exhibit H: Table 10 - Estimated Impact of Downtown District Tax <br />Increment Collections on Overlapping Jurisdictions, FY16 Tax <br />Data (Including the impact of school funding formula and <br />Measure 5/50 tax rate compression) <br />
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