2021 Oregon Revised Statutes
Chapter 457 - Urban Renewal
Section 457.087 - Report required to accompany proposed urban renewal plan.


(1) A description of the physical, social and economic conditions in the urban renewal areas of the plan and the expected impact, including the fiscal impact, of the plan in light of added services or increased population;
(2) Reasons for the selection of each urban renewal area in the plan;
(3) The relationship between each project to be undertaken under the plan and the existing conditions in the urban renewal area;
(4) The estimated total costs for each project and the sources of moneys to pay the costs;
(5) The anticipated completion date for each project;
(6) The estimated amount of moneys required for each urban renewal area under ORS 457.420 to 457.470 and the anticipated year in which indebtedness will be retired or otherwise provided for under ORS 457.420 to 457.470;
(7) A financial analysis of the plan with sufficient information to determine the feasibility of the plan;
(8) A fiscal impact statement that estimates the impact of the tax increment financing, both until and after the indebtedness is repaid, upon all districts levying taxes upon property in the urban renewal area; and
(9) A relocation report that includes:
(a) An analysis of existing residents or businesses required to relocate temporarily or permanently as a result of the urban renewal agency’s actions under ORS 457.170;
(b) A description of the methods to be used for the temporary or permanent relocation of persons living, and businesses situated, in the urban renewal area, in accordance with ORS 35.500 to 35.530; and
(c) An enumeration, by cost range, of the existing housing units in the urban renewal areas of the plan to be destroyed or altered and the new units to be added. [2019 c.580 §4]

Structure 2021 Oregon Revised Statutes

2021 Oregon Revised Statutes

Volume : 13 - Housing, Games, Environment

Chapter 457 - Urban Renewal

Section 457.010 - Definitions.

Section 457.020 - Declaration of necessity and purpose.

Section 457.035 - Urban renewal agencies; creation; ordinance to exercise powers; area of operation.

Section 457.045 - Election of method of exercise of urban renewal agency’s powers.

Section 457.065 - Advisory board for housing authority acting as urban renewal agency.

Section 457.085 - Urban renewal plan requirements.

Section 457.087 - Report required to accompany proposed urban renewal plan.

Section 457.089 - Urban renewal plan and report to planning commission and affected taxing districts for recommendations before approval by municipality; taxing district concurrence required for plan that includes public building project.

Section 457.095 - Approval of plan by ordinance; required contents of ordinance; notice.

Section 457.120 - When additional notice required; to whom sent; contents; notice by publication.

Section 457.160 - Exceptions to plan requirements for disaster areas.

Section 457.170 - Urban renewal agency’s powers in planning or undertaking an urban renewal project.

Section 457.180 - Powers of urban renewal agencies in general.

Section 457.190 - Acquisition of funds by urban renewal agency; maximum amount of indebtedness.

Section 457.210 - Applicability of housing cooperation law to urban renewal projects; delegation of urban renewal agency powers and functions.

Section 457.220 - Plan amendment; limit on additional land and increased maximum indebtedness.

Section 457.230 - Disposition of land in urban renewal project; determination of value; obligations of purchaser or lessee; recordation.

Section 457.420 - Plan may provide for division of property taxes; limits on land area.

Section 457.430 - Certification of assessed value of property in urban renewal area; amendment.

Section 457.435 - Property tax collection methods for existing plans; special levies.

Section 457.437 - Consultation with municipalities; resolution requirements.

Section 457.440 - Computation of amounts to be raised from property taxes; notice; rules.

Section 457.445 - Consolidated billing tax rate; impairment certificates; election to become reduced rate plan.

Section 457.450 - Notice to tax assessor; provision for debt retirement; distribution of remaining tax increment funds.

Section 457.455 - Limiting collections; notification; consultation with taxing districts.

Section 457.460 - Agency financial statement required; contents; notice; agency representative to consult with taxing districts.

Section 457.470 - Modification of assessed value; indexing; concurrence of taxing districts; rules.