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QUESTIONS
AND ANSWERS
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What
is Urban Renewal? |
Urban Renewal is a program authorized by the statutes of
the State of Oregon. It is intended to assist communities
in improving and redeveloping “blighted areas.”
The statutes define a “blighted area” as one that
is detrimental to the health, safety, or welfare of the community
“by reason of deterioration, faulty planning, inadequate
or improper facilities, deleterious land use or the existence
of unsafe structures . . ..” The statue details conditions
that characterize a “blighted area.” Among those
conditions are unsafe buildings or structures, the existence
of inadequate streets, open space, and utilities, a prevalence
of depreciated values, and a growing or total lack of proper
utilization of an area.
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How
Does Urban Renewal Work?
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The basic idea behind urban renewal is that
urban renewal taxes fund revitalization efforts. Urban renewal
taxes are generated by the increase in total assessed values
in an urban renewal district from the time the district is
first established, The governing body, acting on the recommendation
of a community-based advisory committee, creates an urban
renewal district with specific boundaries and identifies improvements
to be funded within the district. Bonds may be issued to fund
improvements. As property values increase in the district,
the increase in taxes is used to pay off the bonds. When the
bonds are paid off the entire valuation is returned to the
general property tax rolls.
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Who
Makes the Decisions with Regard to the Canby Urban Renewal
Plan? |
The Canby
Urban Renewal Agency makes decisions. The members of the Agency
are the Mayor and City Councilors. The Agency is advised by
an nine member Urban Renewal Advisory Committee which provides
input on the Agency budget, infrastructure costs, agreements,
descriptions, priorities, design, construction bids, requests
for proposals, related property acquisitions, and any other
matter delegated to it by the Agency Board.
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Why
was the District Created? |
The stated
goals of the District are as follows:
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To diversify the economic base and
to create jobs
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To maintain an effective, efficient,
and safe traffic system
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To improve and retain existing businesses
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To improve attractive visual amenities
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How
do I find out More About an Urban Renewal District in my
Area? |
State
statutes ORS 457 require that the creation of an urban renewal
district be accompanied by an urban renewal plan and a report
that outline, among other things, a description of each project
to be undertaken, a map of the district, an indication of
proposed land uses, a description of the conditions within
the district, the reasons for selecting the district boundaries,
the estimated cost of each project and its completion date,
the year in which it is anticipated that indebtedness will
be retired, a financial plan for the district, and an estimate
of the fiscal impact of the district on all taxing entities
within the district. Fore Canby's Urban
Renewal Plan and for The Report on the Plan.
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How
Large is the District? |
The
District is 573.26 acres, 382.34 acres of which are within
the City limits. A map of the District outlining its boundaries
appears in this brochure.
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Why
was this Area Selected for Inclusion in the District? |
The areas were
selected because they lacked one or more of the following:
In addition, certain areas were selected because they were
unproductive lands that did not contribute to the City’s
tax base.
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What
Types of Projects will be Constructed and When?
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is anticipated that public improvements, including streets,
public buildings, and utilities improvements, parks and trails,
and fire protection facilities will be constructed. The Agency
Board will determine the timing of each project. |
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What
is the Long Term-impact of the District? |
 In
its first year the District is expected to generate added
value of $15,995,148 increasing to $412,152,233 in the last
year of the District, at which time the entire value of real
property will be returned to the tax rolls. In its first year,
revenues forgone by the City of Canby will equal $55,801,
increasing to $1,437,834 in the last year of the District.
All taxing entities, including Fire District 62, Clackamas
Community College, and the Canby School District will experience
forgone revenues of different amounts. The Plan anticipates
that the affected taxing entities will “recoup all forgone
revenues within eight years from the cessation of urban renewal
tax collection, or by FY 2029-30.” |
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