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<br /> <br />the Broadway Place Garages, and improvements <br />Market improvements that were authorized in the 2010 Amendment are part of the <br /> in Section 600 A. The Agency also may <br />continue to operate the Downtown Revitalization Loan Program. All dollars loaned must <br />come from program revenue and not from tax increment funds. <br />Section700MethodsforFinancingtheProjects <br />The Agency may borrow money and accept advances, loans, grants, and other legal forms of <br />financial assistance from the Federal government, State, City, County, or other public body, <br />or from any source, public or private, for the purposes of undertaking and carrying out the <br />Projects authorized by this Plan. <br />Ad valorem taxes, if any, levied by a taxing body upon the taxable real and personal <br />property situated in the Plan Area, shall be divided in accord with and pursuant to Section <br />1c, Article IX of the Oregon Constitution and ORS 457, and used by the Agency for the <br />Projects authorized by this Plan. <br />The Agency shall adopt and use a fiscal year ending June 30 accounting period. Each year, <br />the Agency shall develop a budget in conformance with the provisions of ORS Chapter 294 <br />and ORS 457, which shall describe sources of revenue, proposed expenditures, and <br />activities. <br /> <br />Section800AnnualFinancialStatementRequired <br />A financial statement shall be prepared that includes the information required by ORS <br />Chapter 457. The statement shall be filed with the City Council and notice shall be <br />published and mailed to the affected taxing districts in accordance with the requirements <br />of ORS Chapter 457. <br />Section900CommunityMemberParticipation <br />The activities and projects defined in this Plan, and the adoption of amendments to this <br />Plan shall be undertaken with the participation of community members, owners, tenants as <br />individuals, and organizations who reside within or who have financial interest within the <br />Plan Area together with the participation of general residents of the City. The Agency shall <br />convene not less than once each year a committee of such persons to: a) prepare a report <br />on the activities of the Agency for the previous fiscal year, and b) determine whether the <br />was limited to the projects authorized by <br />this Plan and the associated administrative costs authorized by the Plan. <br />Prior to the approval of tax increment funds for construction of Section 600 A and C <br />mmunity engagement an <br />identified in subsection A of Section 600. <br /> <br />10 <br /> <br />