Ordinance No. 20459 - Laserfiche WebLink

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d. Preparation of property acquisition appraisals; e. Provision of special rehabilitation, restoration, or renovation feasibility and cost analysis studies; f. Provision of legal, debt issuance, accounting or audit services; and g. Assistance with preparation of the annual financial report required under Section 800 of this Plan. 2. The Agency may acquire, rent, or lease office space and office furniture, equipment, and facilities necessary for it to conduct its affairs in the management and implementation of this Plan. 3. The Agency may invest its reserve funds in interest - bearing accounts or securities. 4. The Agency may borrow money, accept advances, loans, or grants from any legal source, issue urban renewal bonds and receive tax increment proceeds as provided for in Section 700 of this Plan. E. EXISTING ACTIVITIES The Agency may complete urban renewal projects authorized prior to the 2010 Amendment (for example, the Beam Development project at Willamette and Broadway and downtown lighting). The Agency also may continue to operate the Downtown Revitalization Loan Program. All dollars loaned must come from the program revenue in the loan fund and not from tax increment funds. Section 700 — Methods for Financing the Projects The Agency may borrow money and accept advances, loans, grants, and other legal forms of financial assistance from the Federal government, State, City, County, or other public body, or from any source, public or private, for the purposes of undertaking and carrying out the Projects authorized by this Plan. Ad valorem taxes, if any, levied by a taxing body upon the taxable real and personal property situated in the Plan Area, shall be divided in accord with and pursuant to Section 1c, Article IX of the Oregon Constitution and ORS 457.420 through 457.460, and used by the Agency for the Projects authorized by this Plan. The Agency shall adopt and use a fiscal year ending June 30 accounting period. Each year, the Agency shall develop a budget in conformance with the provisions of ORS Chapter 294 and ORS 457.460, which shall describe sources of revenue, proposed expenditures, and activities. Downtown Urban Renewal Plan —June , 2010 6