OAR 123-668-2450
Approving Agreements

The sponsoring city, port or county governments of an enterprise zone may authorize the written agreement with a business firm in the case of OAR 123-668-2000 (REQUIREMENTS ON BUSINESSES — Applicable Situations)(1) or (2)(a) through a number of approaches, which may differ among the cosponsors, including but not limited to the following examples:

(1)

Approval by an official normally empowered to enter into such an agreement under the laws, charters, ordinances and conventions of the cosponsor;

(2)

Approval by the person or persons formally and specifically recognized to conclude the agreement, pursuant to a previous accord between the firm and the sponsor;

(3)

A specific resolution by the governing body authorizing a preliminary or final written agreement;

(4)

A specific resolution by the governing body that authorizes an agent to conclude such an agreement;

(5)

A standing policy adopted by the cosponsor that empowers a particular agent to negotiate such an agreement with all or some firms on behalf of the cosponsor (for example, the local zone manager); or

(6)

An intergovernmental agreement that delegates to the cosponsor(s), in whose jurisdiction the firm will locate its exempt property, the right to execute the agreement on behalf of the entire zone sponsor.

Source: Rule 123-668-2450 — Approving Agreements, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=123-668-2450.

Last Updated

Jun. 8, 2021

Rule 123-668-2450’s source at or​.us