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3. Funds to repay indebtedness existing on the date of the 1998 Amendment; and <br />4. Expenditures made from funds other than tax increment funds, such as loans made <br />from the Downtown Revitalization Loan Program. <br />Legislation passed in 2009 places new limits on how much a municipality can increase <br />maximum indebtedness. That same legislation, however, also provides that those limitations <br />"do not apply to the extent the municipality approving a plan obtains the written concurrence of <br />taxing districts imposing at least 75 percent of the amount of taxes imposed under permanent <br />rate limits in the urban renewal area." Together School District 4J and the City impose at least <br />75% of the amount of taxes imposed under permanent rate limits in the Plan Area. On May 19, <br />2010, the School Board for District 4J adopted a motion, for purposes of that statute, <br />concurring with the increase in maximum indebtedness. The City concurred with that increase <br />in maximum indebtedness when it approved this Plan. Therefore, the new legislative <br />limitations are not applicable to the proposed maximum indebtedness increase. <br />Section 1500 — Formal Matters <br />In compliance with ORS 457.085: no relocation provisions are included in this Plan because the <br />Projects in this Plan do not require relocating persons; and, no real property will be acquired to <br />carry out this Plan. <br />Downtown Urban Renewal Plan —June , 2010 9 <br />