ORS 280.425
City powers concerning property

In carrying out the provisions of ORS 280.410 (Definitions for ORS 280.410 to 280.485) to 280.485 (Effect of ORS 280.410 to 280.485 on powers of city), a city may:


Acquire by agreement, donation or exercise of eminent domain, construct and hold in whole or in part any lands, buildings, easements, water and air rights, improvements to lands and buildings and capital equipment to be located permanently or used exclusively on such lands or in such buildings, which are deemed necessary in connection with an eligible project to be situated within the city and construct, reconstruct, improve, better and extend such projects, and enter into contracts therefor.


Sell and convey all properties acquired in connection with eligible projects, including without limitation the sale and conveyance thereof subject to any mortgage and the sale and conveyance thereof under an option granted to the lessee of the eligible project, for such price, and at such time as the city may determine. However, no sale or conveyance of such properties shall ever be made in such manner as to impair the rights of interests of the holder, or holders, of any bonds issued under the authority of ORS 280.410 (Definitions for ORS 280.410 to 280.485) to 280.485 (Effect of ORS 280.410 to 280.485 on powers of city).


Make or participate in the making of loans, including mortgage loans, to provide for the construction, substantial rehabilitation or permanent financing of eligible projects and undertake commitments to make such loans. Mortgage loans under this section may include loans for the development of multiple unit residential housing and low income single room occupancy housing to housing sponsors qualified under standards adopted by the city pursuant to ORS 280.410 (Definitions for ORS 280.410 to 280.485) to 280.485 (Effect of ORS 280.410 to 280.485 on powers of city).


For mortgage loans under subsection (3) of this section and ORS 280.430 (Contractual powers of city) (5), purchase and sell those mortgage loans at public or private sale; modify or alter such mortgages; foreclose on any such mortgage or security interest or commence any action to protect or enforce any right conferred upon the city by any law, mortgage, security, agreement, contract or other agreement and bid for and purchase property that is subject to such mortgage or security interest at any foreclosure or other sale; acquire or take possession of any such property and complete, administer, pay the principal and interest on any obligations incurred in connection with such property and dispose of such property in such a manner as the city determines necessary to protect its interest under ORS 280.410 (Definitions for ORS 280.410 to 280.485) to 280.485 (Effect of ORS 280.410 to 280.485 on powers of city). [1977 c.772 §5; 1979 c.865 §3; 1981 c.368 §3; 2003 c.286 §3]

Source: Section 280.425 — City powers concerning property, https://www.­oregonlegislature.­gov/bills_laws/ors/ors280.­html.

Definitions for ORS 280.040 to 280.145
Providing funds for financing cost of services, projects, property and equipment
Obtaining and advancing of funds to county service districts
Local option taxes for community colleges
Levy of local option taxes outside constitutional limitation
Period for use of revenues raised by local option tax
Manner of holding elections for local option tax or permanent rate limit
Ballot statements for local option tax measures
Contents of order, resolution or ordinance calling election
Submission of several proposals to impose local option taxes
Serial levy under former law
Appropriating money and issuing bonds to construct, operate and maintain joint facilities
Definitions for ORS 280.410 to 280.485
Legislative findings
Eligibility of projects for financing
Exception to eligibility standards
Bond-financed single room occupancy rental housing to conform with federal law
City powers concerning property
Contractual powers of city
Required condition of purchase for low income single room occupancy housing project
Limitations on housing loans from bond proceeds
Limitation on city power
Authority to issue revenue bonds
Factors considered in determining whether to issue bonds
Issuance of bonds
Administrative expenses
Refunding bonds
Validity of bonds
Covenants in bonds allowed
Limitations of bonds
Powers and rights of bondholders
Report required
Effect of ORS 280.410 to 280.485 on powers of city
County economic development plan
Coordination of plan with other local governments and plans
County public purpose revolving loan fund
Display of information that program is financed by State Lottery
Green check means up to date. Up to date