2021 Oregon Revised Statutes
Chapter 457 - Urban Renewal
Section 457.460 - Agency financial statement required; contents; notice; agency representative to consult with taxing districts.


(a) The amount of moneys received during the preceding fiscal year under ORS 457.420 to 457.470 and from indebtedness incurred under ORS 457.420 to 457.470;
(b) The purposes and amounts for which any moneys received under ORS 457.420 to 457.470 and from indebtedness incurred under ORS 457.420 to 457.470 were expended during the preceding fiscal year;
(c) An estimate of moneys to be received during the current fiscal year under ORS 457.420 to 457.470 and from indebtedness incurred under ORS 457.420 to 457.470;
(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 to 457.470 and from indebtedness incurred under ORS 457.420 to 457.470 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.
(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. 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]

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.