Urban Renewal

ORS 457.230
Disposition of land in urban renewal project

  • determination of value
  • obligations of purchaser or lessee
  • recordation


(1)

The urban renewal agency shall, in accordance with the approved urban renewal plan, make land in an urban renewal project available for use by private enterprise or public agencies. Such land shall be made available at a value determined by the urban renewal agency to be its fair reuse value, which represents the value, whether expressed in terms of rental or capital price, at which the urban renewal agency in its discretion determines such land should be made available in order that it may be developed, redeveloped, cleared, conserved or rehabilitated for the purposes specified in such plan.

(2)

To assure that land acquired in an urban renewal project is used in accordance with the urban renewal plan, an urban renewal agency, upon the sale or lease of such land, shall obligate purchasers or lessees:

(a)

To use the land for the purposes designated in the urban renewal plan.

(b)

To begin the building of their improvements within a period of time which the urban renewal agency fixes as reasonable.

(3)

Any obligations by the purchaser shall be covenants and conditions running with the land where the urban renewal agency so stipulates.

(4)

Any contract for the transfer of any interest in land by the urban renewal agency may be recorded in the land records of the county in which the land is situated in the same manner as any other contract for the transfer of an interest in land is recorded. [1957 c.456 §12; 1965 c.571 §1; 1967 c.312 §1]

Notes of Decisions

Where city contracted to build public improvements on land adjacent to that sold to private developer, this section did not require the price of these improvements to be added to fair reuse value. Thunderbird Motel v. City of Portland, 40 Or App 697, 596 P2d 994 (1979), Sup Ct review denied

Atty. Gen. Opinions

Urban renewal financing by taxes, (1974) Vol 36, p 1005; use of monies in special fund, (1977) Vol 38, p 1062

Chapter 457

Notes of Decisions

Provisions of this chapter creating urban renewal agencies, and provisions of Housing Authorities Law, ORS 456.055 to 456.235, are parallel statutory schemes, and thus identical provisions in the two acts will be given same effect. Housing Authority of Lane County v. Board of Commissioners, 35 Or App 785, 582 P2d 844 (1978), Sup Ct review denied

Atty. Gen. Opinions

Authority of urban renewal agency in selection of projects and delineation of project boundaries, (1977) Vol 38, p 1062


Source

Last accessed
Jun. 26, 2021