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ORS means Oregon Revised Statutes (State law). ORS Chapter 457 regulates the
<br />urban renewal process.
<br />
<br />Plan means the Urban Renewal Plan for the Central Eugene Project. The plan consists
<br />of Part 1, text and Part 2 exhibits.
<br />
<br />Project means any undertaking or activity within the central Eugene project, such as a
<br />public improvement, street project, or loan program which is authorized by and
<br />implements provisions set forth in the Urban Renewal Plan.
<br />
<br />Plan area means the entire Central Eugene Project plan area.
<br />
<br />Redeveloper (see Developer) means any individual or group which acquires property or
<br />which receives financial assistance for the physical improvement of publicly or privately
<br />held structures and land within the project area.
<br />
<br />Rehabilitation means the act or process of returning a property to a state of utility
<br />through repair or alteration which makes possible an efficient, contemporary use while
<br />preserving those portions or features of the property which are significant to its
<br />historical, architectural, and cultural values.
<br />
<br />Report on the plan which means the textual material and graphic exhibits required by
<br />ORS 457.085 (3) which explains existing conditions, activities, procedures, and
<br />proposals of the plan.
<br />
<br />State means the State of Oregon and its various agencies, divisions, and departments.
<br />
<br />Tax increment financinq means a method of financing urban renewal projects as
<br />authorized by ORS Chapter 457, which uses the tax revenues generated by the
<br />increased taxable values in a defined area to pay for improvements within that area or
<br />benefiting that area.
<br />
<br />Text means Part 1 of this Urban Renewal Plan for the Central Eugene Project.
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<br />Section 300 - Legal Descriptions
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<br />Legal Boundary
<br />The Central Eugene Project includes that area of approximately 70 acres as originally
<br />established,.;,,,~ 968 ~'-'~ "-' .,,~,4~,~,,,.,, ~,,~,,~,+,~,~ ....... +.~,,~,,., .,~,,-,, ,, ~ .~ o ..... T~,,.
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<br />DI~tFT AMENDlvlENTS - Urban Renewal Plan
<br />Central Eugene
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