If an agency with an Option One plan requests one hundred percent of the division of tax under subsection (3)(a) of this rule, a request for a special levy must state the dollar amount to be raised or the percentage of the remainder of the plan’s maximum authority that the agency wants.
If an urban renewal agency with an Option One plan requests an amount of increment value used under subsection (3)(b) of this rule, the plan may not request a special levy.
An urban renewal agency with an Option Three plan may request:
If an urban renewal agency with an Option One plan notifies the assessor to permanently increase the plan’s frozen value under section (9) of this rule, the plan may never again request a special levy.
If Portland Public School District wishes to exclude from urban renewal division of tax for the current fiscal year that portion of its permanent tax rate limitation by which that limitation was increased upon retirement of the district’s gap bonds, the district must notify the assessors of each county in which division of tax is calculated using the district’s permanent rate. This notification must be submitted to the assessors with Department of Revenue Form ED-50 Notice to Assessor and show both the tax rate to be excluded from division of tax and the tax rate under the district’s permanent rate limitation that the district wishes to impose for district operations. The maximum rate that can be excluded from division of tax is $0.5038 per $1,000 of assessed value.[ED. NOTE: Forms referenced are available from the agency.]