(2) If the maximum amount of funds under ORS 457.440 is not required to pay the principal and interest on indebtedness incurred for an urban renewal plan, the urban renewal agency may limit future collections under a plan by notifying the county assessor to permanently increase the amount of the total assessed value included in the certified statement filed under ORS 457.430. The assessed value included in the certified statement may not be subsequently decreased except in connection with boundary changes.
(3) Before taking formal action under this section, the urban renewal agency shall consult and confer with each taxing district affected by the urban renewal plan. [2009 c.700 §7]
Structure 2021 Oregon Revised Statutes
Volume : 13 - Housing, Games, Environment
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 457.095 - 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 457.220 - Plan amendment; limit on additional land and increased maximum indebtedness.
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 457.455 - Limiting collections; notification; consultation with taxing districts.
Section 457.470 - Modification of assessed value; indexing; concurrence of taxing districts; rules.