Urban Renewal

ORS 457.460
Agency financial statement required

  • contents
  • notice
  • agency representative to consult with taxing districts


(1)

Not later than January 31 of each year, an urban renewal agency shall prepare a statement, on the same basis on which its financial statements are prepared, containing:

(a)

The amount of moneys received during the preceding fiscal year under ORS 457.420 (Plan may provide for division of property taxes) to 457.470 (Modification of assessed value) and from indebtedness incurred under ORS 457.420 (Plan may provide for division of property taxes) to 457.470 (Modification of assessed value);

(b)

The purposes and amounts for which any moneys received under ORS 457.420 (Plan may provide for division of property taxes) to 457.470 (Modification of assessed value) and from indebtedness incurred under ORS 457.420 (Plan may provide for division of property taxes) to 457.470 (Modification of assessed value) were expended during the preceding fiscal year;

(c)

An estimate of moneys to be received during the current fiscal year under ORS 457.420 (Plan may provide for division of property taxes) to 457.470 (Modification of assessed value) and from indebtedness incurred under ORS 457.420 (Plan may provide for division of property taxes) to 457.470 (Modification of assessed value);

(d)

A budget setting forth the purposes and estimated amounts for which the moneys that have been or will be received under ORS 457.420 (Plan may provide for division of property taxes) to 457.470 (Modification of assessed value) and from indebtedness incurred under ORS 457.420 (Plan may provide for division of property taxes) to 457.470 (Modification of assessed value) are to be expended during the current fiscal year;

(e)

The maximum indebtedness for each urban renewal area included in an urban renewal plan of the agency, including the amount of indebtedness incurred through the end of the immediately preceding fiscal year; and

(f)

An analysis of the impact, if any, of carrying out the urban renewal plan on the tax collections for the preceding year for all taxing districts included under ORS 457.430 (Certification of assessed value of property in urban renewal area).

(2)

(a) The statement required by subsection (1) of this section shall be filed with the governing body of the municipality and distributed to each taxing district affected by an urban renewal plan of the agency. Notice shall be published that the statement has been prepared and is on file with the municipality and the agency and the information contained in the statement is available to all interested persons. The notice shall be published once a week for not less than two successive weeks before March 1 of the year in which the statement is filed, in accordance with ORS 457.115 (Manner of newspaper notice). The notice shall summarize the information required under subsection (1)(a) to (e) of this section and shall set forth in full the information required under subsection (1)(f) of this section.

(b)

A representative of the agency shall be available to consult with affected taxing districts and respond to questions. [1979 c.621 §23; 1991 c.459 §335c; 1997 c.541 §451; 2009 c.700 §8; 2019 c.580 §10]
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