NOTICE OF RECEIPT OF BALLOT TITLE

NOTICE OF RECEIPT OF BALLOT TITLE Pursuant to ORS 250.275 notice is hereby given that a ballot title for a measure referred by the Tigard City Council was filed with the City Elections Officer on February 8, 2017. Any elector dissatisfied with the proposed ballot title may petition City Elections Officer Carol Krager seeking a different title no later than the close of the business day, 6:00 p.m., on February 22, 2017 under Tigard Municipal Code Chapter 1.12.030. CAPTION City Center Urban Renewal Plan Amendment-Requires No New Taxes QUESTION Shall the City amend the City Center Urban Renewal Plan by expanding the size of the urban renewal area? SUMMARY This measure approves the ordinance authorizing the City Center (Downtown) Urban Renewal Plan Amendment, which increases the size of the urban renewal area by adding seven properties, or 37.70 acres. The Plan Amendment would not increase the approved $22 million cap for the Plan and would not impose new taxes. The original City Center (Downtown) Urban Renewal Plan (Plan) was approved by voters in 2006 and includes projects such as: Street and streetscape improvements Bike and pedestrian improvements Park improvements Support for public spaces and buildings As a result of the economic downturn, urban renewal district revenues are less than originally projected. The Plan Amendment provides additional capacity to complete those projects. Funding comes from capturing property taxes from new development and increased property values in the urban renewal area. More information is available at www.tigard-or.gov/urbanrenewal. A copy of the Plan and Plan Amendment are available at www.tigard-or.gov/DowntownPlan. Publish 02/09/2017. TT15883129

ad: 15883129

Publication: OPC Legals

Section: OPC Legals

Start Date: 02/09/2017

End Date: 02/09/2017

Owner: City of Tigard