ORS 457.075
Termination of urban renewal agency

If the governing body of a municipality which has an urban renewal agency under ORS 457.035 (Urban renewal agencies) finds that there no longer exists a need for an urban renewal agency in the municipality, the governing body shall provide, by ordinance, for a termination of the agency and a transfer of the agency’s facilities, files and personnel to the municipality. The termination of an urban renewal agency shall not affect any outstanding legal actions, contracts or obligations of the agency and the municipality shall be substituted for the agency and, for the purpose of those legal actions, contracts or obligations, shall be considered a continuation of the urban renewal agency and not a new entity. No urban renewal agency shall be terminated under this section unless all indebtedness to which a portion of taxes is irrevocably pledged for payment under ORS 457.420 (Plan may provide for division of property taxes) to 457.470 (Modification of assessed value) is fully paid. [1979 c.621 §6; 1991 c.459 §331; 1997 c.541 §443]

Source: Section 457.075 — Termination of urban renewal agency, https://www.­oregonlegislature.­gov/bills_laws/ors/ors457.­html.

457.010
Definitions 457.020
Declaration of necessity and purpose 457.025
Powers supplemental to other laws 457.035
Urban renewal agencies 457.045
Election of method of exercise of urban renewal agency’s powers 457.055
Transfer of urban renewal agency powers 457.065
Advisory board for housing authority acting as urban renewal agency 457.075
Termination of urban renewal agency 457.085
Urban renewal plan requirements 457.087
Report required to accompany proposed urban renewal plan 457.089
Urban renewal plan and report to planning commission and affected taxing districts for recommendations before approval by municipality 457.095
Approval of plan by ordinance 457.105
Approval of plan by other municipalities 457.115
Manner of newspaper notice 457.120
When additional notice required 457.125
Recording of plan upon approval 457.135
Conclusive presumption of plan validity 457.160
Exceptions to plan requirements for disaster areas 457.170
Urban renewal agency’s powers in planning or undertaking an urban renewal project 457.180
Powers of urban renewal agencies in general 457.190
Acquisition of funds by urban renewal agency 457.210
Applicability of housing cooperation law to urban renewal projects 457.220
Plan amendment 457.230
Disposition of land in urban renewal project 457.240
Tax status of land leased under a plan 457.320
Municipal assistance under plan 457.420
Plan may provide for division of property taxes 457.430
Certification of assessed value of property in urban renewal area 457.435
Property tax collection methods for existing plans 457.437
Consultation with municipalities 457.440
Computation of amounts to be raised from property taxes 457.445
Consolidated billing tax rate 457.450
Notice to tax assessor 457.455
Limiting collections 457.460
Agency financial statement required 457.470
Modification of assessed value
Green check means up to date. Up to date

Current through early 2024

§ 457.075’s source at oregon​.gov