HomeMy WebLinkAboutDCP081122
City of Central Point
Development Commission
Agenda
August 11, 2022
6:15 p.m.
Central Point
Central Point City Hall
140 South 3rd Street
Central Point, Oregon
Members: Hank Williams
Taneea Browning
Neil Olsen
Kelley Johnson
Melody Thueson
Michael Parsons
Rob Hernandez
Staff Liaison:
Chris Clayton
Meeting time, date, or location may be subject to change. Please contact the City Recorder at 541-423-1026 for additional
information.
I. MEETING CALLED TO ORDER
II. ROLL CALL
III. APPROVAL OF MINUTES
A. Community Development Commission - Regular Meeting - Jun 23, 2022 6:00 PM
IV. DISCUSSION ITEMS
A. Open House Downtown & East Pine Street Corridor Revitalization Plan
Amendment(Presented by Clayton)
V. ADJOURNMENT
Individuals needing special accommodations such as sign language, foreign language interpreters or equipment for the
hearing impaired must request such services at least 72 hours prior to the City Council meeting. To make your request,
please contact the City Recorder at 541-423-1026 (voice), or by e-mail to Deanna.casey@centralpointoregon.gov.
Si necesita traductor en español o servicios de discapacidades (ADA) para asistir a una junta publica de la ciudad por
favor llame con 72 horas de anticipación al 541-664-3321 ext. 201
CITY OF CENTRAL
POINT
Oregon
Community Development Commission
Regular Meeting Minutes
Thursday, June 23, 2022
I. MEETING CALLED TO ORDER
II. ROLL CALL
Attendee Name Title Status Arrived
Hank Williams Mayor Present
Taneea Browning Ward IV Remote 6:25 AM
Neil Olsen Ward I Present
Kelley Johnson Ward II Present
Melody Thueson Ward III Present
Michael Parsons At Large Present
Rob Hernandez At Large Present
Also present were City Manager Chris Clayton, City Recorder Deanna Casey, and
Finance Director Steven Weber.
III. APPROVAL OF MINUTES
A. Community Development Commission - Regular Meeting - Mar 10, 2022 6:30
PM
RESULT: ACCEPTED [UNANIMOUS]
MOVER: Michael Parsons, At Large
SECONDER: Rob Hernandez, At Large
AYES: Williams, Browning, Olsen, Johnson, Thueson, Parsons,
Hernandez
IV. DISCUSSION ITEMS
A. Resolution No. 2022-02 Adopting the Budget, Making Appropriations, and
Declaring Tax Increment(Presented by Weber)
Finance Director Steven Weber stated that on May 16, 2022 the Central Point
Development Commission Budget Committee met to review the proposed budget
for the 2022-23 fiscal year. The $2,165,865 budget was approved to move
forward to the Board of Directors for formal adoption. Staff recommends
approval of the proposed resolution.
Kelley Johnson moved to approve Resolution No. 2022, A Resolution
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Packet Pg. 2 Minutes Acceptance: Minutes of Jun 23, 2022 6:00 PM (APPROVAL OF MINUTES)
City of Central Point
Development Commission
June 23, 2022
Page 2
adopting the Budget, Making Appropriations and Declaring Tax Increment
for Fiscal Year 2022-23.
RESULT: APPROVED [UNANIMOUS]
MOVER: Kelley Johnson, Ward II
SECONDER: Melody Thueson, Ward III
AYES: Williams, Browning, Olsen, Johnson, Thueson, Parsons,
Hernandez
B. Financial Projections Review(Presented by Clayton)
City Manager Chris Clayton explained the process for adopting a new Urban
Renewal Plan Amendment. He presented the proposed boundary changes,
which include the Greenway within the City limits and the Jackson County Expo
property where the Community Center is being proposed. One of the big
components is the financial analysis that goes along with the expansion.
Development Assumptions - He explained the assumed rate of growth for this
area. We kept a conservative estimate for future growth over the next 5 years.
He explained the Tax Increment Finance (TIF) Revenue projections with the
taxing districts under the UR plan and the windfall they receive at the end of the
plan in 2040 when it expires. The project list will be amended to include the
Community Center, development of the Greenway, and the Beebe Bridge. We
will be able to do smaller projects like sidewalk improvements or beautification
projects throughout the 10-year plan. As we get close to the end of the district in
2036, we will stop doing projects and settle all the bills by 2040 if not sooner.
Our goal is to end the district sooner than 2040, but the people in charge at that
time may have other opinions and extent the district. They discussed funding
options the possibility of a recession and what that could do to the projects.
RESULT: FOR DISCUSSION ONLY
V. ADJOURNMENT
Rob Hernandez moved to adjourn the meeting at 6:28 p.m.
The foregoing minutes of the June 23, 2022, Development Commission meeting were approved
by the Development Commission at its meeting of _________________________.
Dated: _________________________
Chair Hank Williams
ATTEST:
__________________________
City Recorder
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Packet Pg. 3 Minutes Acceptance: Minutes of Jun 23, 2022 6:00 PM (APPROVAL OF MINUTES)
City of Central Point
Staff Report
ISSUE SUMMARY
TO: Community Development Commission
DEPARTMENT:
City Manager
FROM: Chris Clayton, City Manager
MEETING DATE: August 11, 2022
SUBJECT: Open House Downtown & East Pine Street Corridor Revitalization Plan
Amendment
ACTION REQUIRED:
Motion
RECOMMENDATION:
Approval
PURPOSE
The Central Point Development Commission (Development Commission) is being asked to
review the proposed Downtown & East Pine Street Corridor Revitalization Plan Amendment
(Amendment) and to decide whether to recommend the Amendment be forwarded through the
public review process of urban renewal amendments including presentation to the Planning
Commission for their review of conformance with the Central Point Comprehensive Plan, to the
Jackson County Commission for their approval by adopting a resoltuoin as there is property
within the proposed amendment area that is in unincorporated Central Point, and to the Central
Point City Council for consideration of a non-emergency ordinance to adopt the Amendment.
BACKGROUND
The purpose of the amendment is to remove property and to add property and projects to the
Downtown & East Pine Street Corridor Revitalization Plan. The removed properties are not
taxable and projects are not contemplated on them. The added properties will enable the
Development Commission to allocate funding to the Bear Creek Greenway design and
implementation, to add the Beebe Road Bridge Extension and to place the future community
center within the urban renewal area boundary to allow funding to be allocated to the project.
This amendment is a substantial amendment to the Downtown & East Pine Street Corridor
Revitalization Plan as the additon of acreage is in excess of a cumulative 1% of the acreage of
the urban renewal area (ORS 457.085(i)(A)).
The project for a community center is already a part of the Plan, however, the location has
changed to be a joint center with Jackson County expected to be located at the Jackson County
Expo site. A community center is not specifically identified as a public building project in ORS
457.010 (12). In addition, the community center project was already a part of the Plan prior to
the inclusion of a definition of public building project in ORS Chapter 457. If for some reason the
community center project with Jackson County is not able to proceed, the Development
Commission still has the authority to expend funds on the project elsewhere within the Plan
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boundary.
The existing maximum indebtedness of $43,177,530 is not proposed to be increased, and
therefore, there are no increased impacts to the taxing jurisdictions beyond those calculated
when the original Downtown & East Pine Street Corridor Revitalization Plan was adopted.
(Show map of added and removed properties)
After the Amendment, the Downtown & East Pine Street Corridor Revitalization Plan Area
(Area) will consist of approximately 514 acres of land including rights of way, still within the
25% limitation of urban renewal acreage in a city.
The Plan is projected to continue tax increment revenue collection through FYE 2039. At that
time, the urban renewal area is anticipated to be terminated and the properties would go back
on the regular roll.
PROCESS
1. The process for approval will include the following steps, in accordance with ORS 457.
2. Preparation of an Amendment including opportunity for citizen involvement.
3. Development Commission review of the proposed Amendment and accompanying
Report on August 11, 2022.
4. Review and recommendation by the Central Point Planning Commission on September
6, 2022.
5. Presentation of the Amendment to the Jackson County Commission for their approval on
September 12, 2022.
6. Notice to citizens of consideration of an ordinance via utility bills.
7. Forwarding a copy of the proposed Amendment and the Report to the governing body of
each taxing district. The formal taxing districts letters will be sent out on August 12,
2022.
8. Hearing by Central Point City Council and adoption of the proposed Amendment and
accompanying Report by a non-emergency ordinance. The hearing and first reading of
the Ordinance will be held on September 22, 2022 and the second reading and vote by
City Council will occur on October 13, 2022. The ordinance must be a non-emergency
ordinance, which means that the ordinance does not take effect until 30 days after its
approval and during that period of time may be referred to Central Point voters if a
sufficient number of signatures are obtained on a referral petition.
STAFF RECOMMENDATION
Staff recommends that the Central Point Development Commission pass the following motion.
Draft motion: The Central Point Development Commission forwards the Downtown & East Pine
Street Corridor Revitalization Plan Amendment to the Central Point Planning Commission for
their review of the Amendment’s conformance to the Central Point Comprehensive Plan, to the
Jackson County Commission for their adoption by resolution and then to the Central Point City
Council for their review, to hold a public hearing and vote on adoption of a non-emergency
ordinance.
Attachments:
1. Downtown & East Pine Street Corridor Revitalization Plan Amendment.
2. Report Accompanying the Downtown & East Pine Street Corridor Revitalization Plan
Amendment.
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3. Plan Amendment FAQ.
ATTACHMENTS:
1. 1_Plan Amendment CP 07 26 2022 cc_eh
2. 2_ Report on Plan Amendment 08 01 2022
3. FAQ v2
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Proposed new text is shown in double-underline.
Deleted text is shown in strikethrough.
Explanatory language shown in italics.
DOWNTOWN & EAST PINE STREET CORRIDOR REVITALIZATON PLAN
SUBSTANTIAL AMENDMENT 2022
Only the proposed changes are shown in this amendment, the current plan can be viewed at:
https://www.centralpointoregon.gov/urbanrenewal
Section 1.1 INTRODUCTION
The first substantial amendment was developed in 2022 to remove property, add property and projects
to the urban renewal area. The removed properties are not taxable and projects are not contemplated
on them. The added properties will enable the Agency to allocate funding to the Bear Creek Greenway
design and implementation, to add the Beebe Road Bridge Extension and to place the future community
center within the urban renewal area boundary to allow funding to be allocated to the project.
Section 1.2 CITY AND AGENCY RELATIONSHIP
No changes to this section
Section 1.3 DEFINITIONS
No changes to this section
Section 1.4 LEGAL BOUNDARY
The Urban Renewal Area contains 446.3 514 acres accounting for 15.5% 17.7% of the City’s total
acreage. The legal description and illustration of the boundary of the Urban Renewal Area are described
as follows: ( the Legal Description (Exhibit 1) Boundary Map, Exhibit B 2 and Urban Renewal Area Tax
lot Inventory, Exhibit 3C. were updated in the 2022 Amendment)
Section 1.5.4 CONSISTENCY WITH THE COMPREHENSIVE PLAN
This Plan has been prepared in conformity with the City’s adopted Comprehensive Plan including its
goals, policies, procedures and implementing provisions, as exist on the effective date of this Urban
Renewal Plan, or as may be amended from time to time, which is hereby incorporated by reference as if
it were included in full. See Appendix, Exhibit 4. Relationship to Comprehensive Plan.
SECTION 1.6 1
To achieve the goals and objectives of this Plan the following activities may be undertaken by the
Central Point Development Commission, or caused to be undertaken by others, in accordance with
applicable Federal, State, County and City laws, policies and procedures and in compliance with the
provisions of this Plan. The Central Point Development Commission’s responsibility for all activities
identified in the Plan is subject to the availability of appropriate funding.
1.6.1 URBAN RENEWAL PROJECTS AND ACITIVITIES
2. EAST PINE STREET IMPROVEMENTS. Improve the streetscape along that section of East Pine Street
between the Downtown Core Area and Hamrick Road. Streetscape improvements may include curb and
gutter, sidewalks, crosswalks, street trees, tree grates, street lights, plazas, gateways, portal signage on
I-5, and street furniture. All streetscape improvements shall be constructed in accordance with an
approved streetscape master plan East Pine Street. 2022 Note – A portion of this project has been
completed (1st to 6th Street on Pine Street).
5. INTERSECTION SIGNALIZATION. Install/upgrade/modify traffic signals at the following intersection:
4.A.a
Packet Pg. 7 Attachment: 1_Plan Amendment CP 07 26 2022 cc_eh [Revision 1] (1569 : Open House Downtown & East Pine Street Corridor Revitalization
a. Twin Creeks RR-Xing. Install new signalized intersection at Hwy. 99 and Twin Creeks Dr.
including a new railroad crossing at Twin Creeks Dr. Improvements shall include, but not be
limited to easement acquisition, curb and gutter, street surface improvement, railroad crossing
signalization, Hwy. 99 signalization, sidewalks, street lights, and landscaping; 2022 update:
project completed.
6. OFF-STREET PARKING FACILITIES. All public parking constructed under the provisions of this Section
shall comply with the objectives and policies of the City of Central Point Comprehensive Plan and the
City of Central Point Transportation System Plan as applies to the Downtown, and with the applicable
standards set forth in the Land Development Code.
a. Oak Street Parking Facility. Design and construct a parking facility on the northwest corner
of Oak Street and Third Street.
b. Manzanita Street Parking Facility. Design and construct a parking facility on the southeast
corner of Manzanita Street and First St. 2022 update: project completed.
9.PFAFF PARK RENOVATION. Renovate Pfaff Park including new landscaping, restroom facilities,
playground equipment, and lighting. 2022 update: partially complete (restroom facilities).
10.FREEMAN ROAD UPGRADE TO COLLECTOR STREET STANDARDS. Between Oak St. and Hopkins Road
rebuild Freeman Road to collector street standards, including curb, gutter, sidewalks, street lights, traffic
control devices, and street trees. 2022 update: project completed.
11. BEEBE ROAD EXTENSION AND BRIDGE EXTENSION PENINGER ROAD SOUTHERLY EXTENSION
Extend Beebe Road from its current intersection with Gebhard Road to the west through Jackson County
Expo to connect with Penninger Road. Includes intersection improvements at Penninger & Beebe Roads
and Beebe & Gebhard Roads. Extend Peninger Road south across Bear Creek to collector street
standards to intersect with Hamrick; including intersection signal modifications at East Pine Street and
Peninger, southerly bridge crossing and bike lanes. The specifics and timing of this project shall be based
on a transportation analysis prior to commencement of construction.
13.CITY OF CENTRAL POINT COMMUNITY CENTER. Assist with the feasibility analysis, site and
architectural design, land acquisition, and construction of a community center within the Area. The
Agency’s participation in the development of a community center shall be limited to the percentage of
the total design and development costs, including land acquisition that can be reasonably attributed to
serving the Area. 2022 update: The proposed Community Center now includes a possible location on
Jackson County controlled land outside of Central Point city limits (Expo Property/Site). This property is
being included into the urban renewal area in the 2022 amendment.
15. BEAR CREEK GREENWAY DESIGN AND IMPROVEMENTS.
Improve the publicly owned lands adjacent to the Bear Creek Greenway from E. Pine Street to the Table
Rock Overpass. The newly created park system will balance passive and active areas, including walking
paths, benches, tables, pavilions/gazebos, playgrounds, restrooms, bicycle improvements, and various
recreational areas/opportunities. The Bear Creek Greenway Project was added as a result of the blight
created by the 2020 wildfires with the intention of preventing a similar catastrophe in the future.
SECTION 1.7 MAXIMUM INDEBTEDNESS AND FINANCING MAXIMUM INDEBTEDNESS
No changes to this section
SECTION 1.8 ANNUAL FINANCIAL STATEMENT REQUIRED
No changes to this section
SECTION 1.9 CITIZEN PARTICIPATION
No changes to this section
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Packet Pg. 8 Attachment: 1_Plan Amendment CP 07 26 2022 cc_eh [Revision 1] (1569 : Open House Downtown & East Pine Street Corridor Revitalization
SECTION 1.10 NON-DISCRIMINATION
No changes to this section
SECTION 1.11 RECORDING OF PLAN
No changes to this section
SECTION 1.12 PROCEDURES FOR AMENDMENTS TO THE URBAN RENEWAL PLAN
No changes to this section
SECTION 13 DURATION AND VALIDITY OF APPROVED URBAN RENEWAL PLAN
No changes to this section
Exhibit 1 is updated to include the boundary changes of the 2022 Amendment.
Note: The legal description narrative will be provided at the August 11th Central Point Development
Commission meeting.
Exhibit 2 is updated to include the boundary changes of the 2022 Amendment.
Exhibit 2- Graphic Description of Urban Renewal Area with the 2022 Amendment
Exhibit 3 is updated to include the boundary changes of the 2022 Amendment.
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Packet Pg. 9 Attachment: 1_Plan Amendment CP 07 26 2022 cc_eh [Revision 1] (1569 : Open House Downtown & East Pine Street Corridor Revitalization
Exhibit -3 Urban Renewal Area Tax Lot Inventory Changes
Properties Added
Map Number Account Number Acreage
372W02D300 10195939 9.02
372W02D400 10998025 7.17
372W02D400 10195970 13.89
372W02D500 10195988 12.19
372W02D501 10992858 1.47
372W02D600 10195996 4.95
372W11A102 10799146 3.52
372W11A28100 10799152 1.38
372W12B501 10202983 2.55
372W12B502 10730828 13.21
372W12B505 10993098 4.25
372W12B600 10462312 13.91
372W02D700 10196009 1.88
TOTAL 89.39
Properties Removed
Map Number Account Number Acreage
372W11BC5300 10179641 1.76
372W11BC5302 10714077 0.10
372W11BC5303 10714085 0.10
372W11BC5000 10179674 0.46
372W11BC5301 10705457 0.66
372W11BC5200 10179658 3.60
TOTAL 6.68
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Packet Pg. 10 Attachment: 1_Plan Amendment CP 07 26 2022 cc_eh [Revision 1] (1569 : Open House Downtown & East Pine Street Corridor Revitalization
Appendix, Exhibit 4.
This entire section is new.
Central Point Comprehensive Plan
1.1. Community Engagement
Community engagement and feedback played an important role in establishing a clear planning
framework that reflects current community priorities. Throughout this planning process, the public
provided information and expressed opinions about the needs and priorities for parks, trails and
recreation facilities, including recreational programs in Central Point. A variety of public outreach
methods were used; including community surveys, community meetings, stakeholder discussions, online
engagement and emails, and Parks and Recreation Commission sessions. Feedback from the community
outreach efforts played a crucial role in updating policies and prioritizing capital investments.
The City’s residents are generally satisfied with the parks, trails and recreation opportunities in the City.
Most residents care deeply about the future of the City’s parks, recreation and trail system and
appreciate the opportunity to offer feedback in the development of the Parks Element, including a strong
interest in additional or expanded services and facilities. Specific recommendations are included in the
Needs Assessment chapter and the results from surveys, meeting notes and major findings are included
in the Parks and Recreation Master Plan, a ten year parks and recreation development program.
1.2. Strategic Objectives
Preparation of the Parks Element is based on six strategic objectives intended to guide City decision-
making necessary to ensure that the City’s parks and recreation system meets the long-term needs of the
community. These strategic objectives are:
1. Community Engagement and Communication: Encourage meaningful public involvement in park and
recreation;
2. Recreation Programming: Establish and maintain a varied and inclusive suite of recreation programs
that accommodate a spectrum of ages, interests and abilities and promote the health and wellness of
the community;
3. Parks & Open Space: Acquire and develop a high-quality, diversified system of parks, recreation
amenities and open spaces that provide equitable access to all residents;
4. Trails & Pathways: Develop a high-quality system of multi-use trails and bicycle and pedestrian
corridors that connects to regional trails and provides access to public facilities, neighborhoods and
businesses;
5. Design, Development & Management: Plan for a parks system that is efficient to maintain and
operate, while protecting capital investment; and
6. Facilities Development Plan: Maintain and implement the Parks and Recreation Master Plan, a ten
year parks and recreation development program.
FINDING:
There was significant public engagement in the development of the City of Central Point Parks Master
Plan. A variety of public outreach methods were used, including:
A mail and online community survey
Two community meetings
Six stakeholder discussions
Website content & email blasts
mySidewalk online engagement platform
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Packet Pg. 11 Attachment: 1_Plan Amendment CP 07 26 2022 cc_eh [Revision 1] (1569 : Open House Downtown & East Pine Street Corridor Revitalization
Parks and Recreation Commission sessions (p11)
2.1.1.City Mission Statement
The City’s mission statement reads as follows:
It is the mission of the City of Central Point to build and maintain a highly livable community by working
in harmony and being a catalyst for partnership with all the members of the community, public and
private.
2.1.2.City Statement of Values
The Strategic Plan contains a set of five values as follows:
• Growth: We value planned growth that will retain our small town atmosphere.
• Public Safety: We value a professional service oriented public safety policy that promotes a sense of
safety and security in our city.
• Transportation: We value a system of transportation and infrastructure that is modern, efficient and
sensitive to the environment.
• Community: We value a clean and attractive city with parks, open space and recreational
opportunities.
• Service: Provide highest level of service possible in the most efficient and responsible manner.
FINDING:
The Bear Creek Greenway project implements the Public Safety, Transportation and Community values
by providing improvements to the greenway to improve resiliency in the face of fire, providing more
park amenities for the community and an added alternative means of transportation for the community.
The Beebe Road Extension project implements the Public Safety, Transportation and Community values
by improving the transportation system. The Amendment conforms with the City Vision Statement of
the Comprehensive Plan.
2.2.3.Central Point Parks and Recreation Master Plan
The Central Point Parks and Recreation Master Plan10 (Parks Master Plan) is an adjunct document to the
Parks Element, the purpose of which is to outline the goals, community needs, and implementation
strategies to be achieved within a ten year program period. The Parks Master Plan outlines capital
improvement, and lists and prioritizes projects across the city. Major recommendations include the
acquisition of additional parkland, development of a swimming pool, development of a community
center and the development of additional walking and bicycle paths throughout the city.
5.1.3.Parks & Open Space
Goal 3: Acquire and develop a high-quality, diversified system of parks, recreation amenities and open
spaces that provide equitable access to all residents.
Policies
3.3 Prioritize park acquisition and development in underserved areas where households are more than ½-
mile from a developed park.
3.4 Explore partnership with local utilities, public agencies and private landowners for easements for
parkland, trail corridors and recreation facilities.
3.5 Pursue low-cost and/or non-purchase options to preserve open space, including the use of
conservation easements and development agreements.
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Packet Pg. 12 Attachment: 1_Plan Amendment CP 07 26 2022 cc_eh [Revision 1] (1569 : Open House Downtown & East Pine Street Corridor Revitalization
3.8 Coordinate with public agencies and private landowners for the protection of valuable natural areas
and sensitive lands through the purchase of development rights, easements or title and make these lands
available for passive recreation as appropriate.
3.10 Manage vegetation in natural areas to support or maintain native plant species, habitat function
and other ecological values; remove and control non-native or invasive plants as appropriate.
5.1.4.Trails & Pathways
Goal 4: Develop a high-quality system of multi-use trails and bicycle and pedestrian corridors that
connects to regional trails and provides access to public facilities, neighborhoods and businesses to
promote exercise, walking and biking.
Policies
4.1 Coordinate recreational path and trail system planning and development with the City’s and Jackson
County’s Transportation System Plan to provide a comprehensive pedestrian and bicycle network.
Coordinate with Medford’s pathway plans for improved connectivity. Create an updated Pedestrian and
Bike Trails Plan.
4.2 Facilitate and provide improved pedestrian and bicycle connectivity from major shared-use paths,
such as the Bear Creek Greenway, to parks and other destinations.
4.4 Expand the system of off-street trails by utilizing greenways, parks, utility corridors and critical areas
as appropriate; purchase rights-of-way or easements as necessary.
4.5 Partner with local utilities, public agencies and private landowners to secure easements and access to
open space for path and trail connections.
4.6 Implement trail, route and wayfinding signage for trails and associated facilities, informational maps
and materials identifying existing and planned trail facilities.
4.7 Provide trailhead accommodations, as appropriate, to include parking, signage, restrooms and other
amenities.
4.8 Promote the planning, design and implementation of safe pedestrian and bicycle routes during
development review to encourage connectivity to parks, trails, schools and local goods and services. Safe
connections should be required for new construction and retrofitted into older neighborhoods to
promote community health and safe routes to destinations.
FINDING:
The implementation of the Bear Creek Greenway project will balance passive and active areas, including
walking paths, benches, tables, pavilions/gazebos, playgrounds, restrooms, bicycle improvements, and
various recreational areas/opportunities. The Amendment conforms with the Parks Element of the
Comprehensive Plan.
5.1.5.Design, Development & Management
Goal 5: Plan for a parks system that is efficient to maintain and operate, while protecting capital
investment.
5.4 Formulate illustrative master plans for the development or redevelopment of each City park, as
appropriate, to take advantage of grant or other funding opportunities.
5.5 Design parks and facilities to offer universal accessibility for residents of all physical capabilities, skill
levels and age, as appropriate.
5.6 Incorporate sustainable development and low impact design practices into the design, planning and
rehabilitation of new and existing facilities.
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Packet Pg. 13 Attachment: 1_Plan Amendment CP 07 26 2022 cc_eh [Revision 1] (1569 : Open House Downtown & East Pine Street Corridor Revitalization
FINDING:
The implementation of the Bear Creek Greenway project will be done within the guidelines of the
Design, Development & Management goal of Comprehensive Plan. The Amendment conforms with the
Parks Element of the Comprehensive Plan.
Transportation Element
The City of Central Point Transportation Systems Plan (TSP) was approved by the Central Point City
Council on December 18, 2008 and is implemented by Ordinance #1922. The TSP is undergoing an
amendment in 2022 which would add the Beebe Road Bridge project to cross Bear Creek and connect
with Penninger Road. This amendment is expected to be finalized by 12/31/2022. By adding this to the
TSP, the city is able to also able to allocate System Development Charges to the construction of the
bridge that can be leveraged with urban renewal funding to undertake this project.
FINDING:
The Amendment and the added Bear Creek Greenway project and the Beebe Road extension and bridge
project are in conformance with the City of Central Point Transportation Systems Plan.
City of Central Point Parks Master Plan
The City of Central Point Parks Master Plan states that a public survey found 72.5% of the respondents
were from somewhat supportive to very supportive of upgrading the Bear Creek Greenway project. (p.
46) The Parks Master Plan also states
“The City should consider adding the following recreation features in the development of new community
parks to expand recreational opportunities:
Walking trails
Picnic shelters that allow larger family and community events.
Restrooms, bicycle parking, drinking fountains and other site furnishings that support residents’
use of parks.” (p. 62)
“TRAILS (p 67 excerpt)
Walking, walking a dog, running, and biking are among the most popular forms of
recreation in the Central Point vicinity and statewide. Trails can serve as a safe location
for all of these recreational activities, while providing active transportation connections
and creating opportunities for users to enjoy nature. In the future, a Central Point trail
system could build on the outstanding amenity of the Bear Creek Greenway to offer
connections throughout the community. Upgrading existing trails and developing new
trails were the top two resident priorities expressed in the community survey.
Bear Creek Greenway
Central Point is located along the northern portion of the Bear Creek Greenway, a
multi-use trail that stretches 20 miles from Ashland to Central Point. The trail, which
runs along Bear Creek and parallel to both I-5 and Highway 99, offers area residents a
car-free route to walk and bike. With its proximity to the creek and adjacent riparian
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Packet Pg. 14 Attachment: 1_Plan Amendment CP 07 26 2022 cc_eh [Revision 1] (1569 : Open House Downtown & East Pine Street Corridor Revitalization
areas, the Greenway provides unique bird watching, wildlife viewing and interpretive
education opportunities.
The Greenway is one of the most popular recreational amenities in the City. However,
while two thirds of residents are happy with the condition of the Bear Creek Greenway,
one third rated the condition as fair or poor – the highest negative rating of all City
parks and facilities. In addition, 73% of residents were supportive of improving the
Greenway. The City has set aside funding for trail maintenance (i.e. pavement repair and
consistent signage), but the City should continue to partner with adjacent communities
to improve the quality of experience along the trail.”
FINDING:
The Amendment and the added Bear Creek Greenway project are in conformance with the City of
Central Point Parks Master Plan.
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Packet Pg. 15 Attachment: 1_Plan Amendment CP 07 26 2022 cc_eh [Revision 1] (1569 : Open House Downtown & East Pine Street Corridor Revitalization
Report Accompanying the
Downtown & East Pine Street Corridor
Revitalizaton Plan
This document remains draft until the City Council adoption of the Central Point Urban
Renewal Plan.
Downtown & East Pine Street Corridor Revitalizaton Plan Amendment adopted by the City
of Central Point by Ordinance No. 1955 March 8, 2012
Subatantial Amendment adopted by the Cityof Central Point by Ordinance No. ____ on
____.
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Packet Pg. 16 Attachment: 2_ Report on Plan Amendment 08 01 2022 (1569 : Open House Downtown & East Pine Street Corridor Revitalization Plan
LIST OF PARTICIPANTS
City Council
Henry (Hank) Williams, Mayor
Dr. Neil Olsen, Ward I
Kelley Johnson, Ward II
Melody Thueson, Ward III
Taneea Browning, Ward IV
Michael Parsons, Member at Large 1
Rob Hernandez, Member at Large 2
Central Point Development Commission
Henry (Hank) Williams
Dr. Neil Olsen
Kelley Johnson
Melody Thueson
Taneea Browning
Michael Parsons
Rob Hernandez
Chris Clayton, Executive Director
Steve Weber, Finance Director
Planning Commission
Thomas Van Voorhees (Chairperson)
Jim Mock
Kay Harrison
Amy Moore
Pat Smith
Chris Richey
Brad Cozza
City of Central Point Staff
Chris Clayton, City Manager
Steve Weber, Finance Director
Matt Samitore, Parks and Public Works
Director
Stephanie Holtey, CFM Planning Director
Consulting Team
Elaine Howard Consulting, LLC
Elaine Howard
Scott Vanden Bos
Tiberius Solutions LLC
Nick Popenuk
Ali Danko
Rob Wyman
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Packet Pg. 17 Attachment: 2_ Report on Plan Amendment 08 01 2022 (1569 : Open House Downtown & East Pine Street Corridor Revitalization Plan
TABLE OF CONTENTS
I. INTRODUCTION ............................................................................................................... 1
II. THE PROJECTS IN THE AREA AND THE RELATIONSHIP BETWEEN URBAN
RENEWAL PROJECTS AND THE EXISTING CONDITIONS IN THE URBAN
RENEWAL AREA ...................................................................................................... 4
III. THE ESTIMATED TOTAL COST OF EACH PROJECT AND THE SOURCES OF
MONEYS TO PAY SUCH COSTS ............................................................................. 6
IV. FINANCIAL ANALYSIS OF THE PLAN ........................................................................... 7
V. THE ESTIMATED AMOUNT OF TAX INCREMENT REVENUES REQUIRED AND THE
ANTICIPATED YEAR IN WHICH INDEBTEDNESS WILL BE RETIRED ................. 10
VI. THE ANTICIPATED COMPLETION DATE FOR EACH PROJECT ............................... 15
VII. REVENUE SHARING ................................................................................................... 19
VIII. IMPACT OF THE TAX INCREMENT FINANCING ....................................................... 19
IX. COMPLIANCE WITH STATUTORY LIMITS ON ASSESSED VALUE AND SIZE OF
URBAN RENEWAL AREA ....................................................................................... 23
X. EXISTING PHYSICAL, SOCIAL, AND ECONOMIC CONDITIONS AND IMPACTS ON
MUNICIPAL SERVICES .......................................................................................... 24
XI. REASONS FOR SELECTION OF EACH URBAN RENEWAL AREA IN THE PLAN ...... 36
XII. RELOCATION REPORT ............................................................................................... 36
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Packet Pg. 18 Attachment: 2_ Report on Plan Amendment 08 01 2022 (1569 : Open House Downtown & East Pine Street Corridor Revitalization Plan
Definitions
“Agency” means the Central Point Development Commission
“Area” means the properties and rights-of-way located with the Downtown and East Pine
Street Corridor Revitalization Plan Area.
“Blight” is defined in ORS 457.010(1)(A-E) and identified in the ordinance adopting the
urban renewal plan.
“Board of Commissioners” means the Jackson County Board of Commissioners.
“City” means the City of Central Point, Oregon.
“City Council” or “Council” means the Central Point City Council.
“Comprehensive Plan” means the City of Central Point comprehensive land use plan and its
implementing ordinances, policies, and standards.
“County” means Jackson County, Oregon.
“Fiscal year” means the year commencing on July 1 and closing on June 30.
“Frozen base” means the total assessed value including all real, personal, manufactured,
and utility values within an urban renewal area at the time of adoption. The county assessor
certifies the assessed value after the adoption of an urban renewal plan.
“Increment” means that part of the assessed value of a taxing district attributable to any
increase in the assessed value of the property located in an urban renewal area, or portion
thereof, over the assessed value specified in the certified statement.
“Maximum indebtedness” means the amount of the principal of indebtedness included in a
plan pursuant to ORS 457.190 and does not include indebtedness incurred to refund or
refinance existing indebtedness.
“ORS” means the Oregon revised statutes and specifically Chapter 457, which relates to
urban renewal.
“Planning Commission” means the Central Point Planning Commission.
“Revenue sharing” means sharing tax increment proceeds as defined in ORS 457.470.
“Tax increment financing (TIF)” means the funds that are associated with the division of
taxes accomplished through the adoption of an urban renewal plan.
“Tax increment revenues” means the funds allocated by the assessor to an urban renewal
area due to increases in assessed value over the frozen base within the area.
“UGB” means urban growth boundary.
“Urban renewal area” means a blighted area included in an urban renewal plan or an area
included in an urban renewal plan under ORS 457.160.
“Urban renewal plan” or “Plan” means a plan, as it exists or is changed or modified from time
to time, for one or more urban renewal areas, as provided in ORS 457.085, 457.095,
457.105, 457.115, 457.120, 457.125, 457.135 and 457.220.
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Packet Pg. 19 Attachment: 2_ Report on Plan Amendment 08 01 2022 (1569 : Open House Downtown & East Pine Street Corridor Revitalization Plan
“Urban renewal project” or “Project” means any work or undertaking carried out under ORS
457.170 in an urban renewal area.
“Urban renewal report” or “Report” means the official report that accompanies the urban
renewal plan pursuant to ORS 457.085(3).
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Packet Pg. 20 Attachment: 2_ Report on Plan Amendment 08 01 2022 (1569 : Open House Downtown & East Pine Street Corridor Revitalization Plan
Page 1 | Report Accompanying the Downtown and East Pine Revitilazation Plan Amendment
I. INTRODUCTION
The Report Accompanying the Downtown & East Pine Street Corridor Revitalizaton Plan
Amendment (Report) contains background information and project details that pertain to the
Downtown & East Pine Street Corridor Revitalizaton Plan Amendment (Plan Amendment).
The Report is not a legal part of the Plan Amendment, but is intended to provide public
information and support the findings made by the Central Point City Council as part of the
approval of the Plan Amendment.
The Report provides the analysis and contains the information required to meet the standards
of ORS 457.087, including financial feasibility. These requirements include:
A description of the physical, social, and economic conditions in the area and
expected impact of the plan, including fiscal impact in light of increased services;
(ORS 457.087(1))
Reasons for selection of the plan Area; (ORS 457.087(2))
The relationship between each project to be undertaken and the existing conditions;
(ORS 457.087(3))
The estimated total cost of each project and the source of funds to pay such costs;
(ORS 457.087(4))
The estimated completion date of each project; (ORS 457.087(5))
The estimated amount of funds required in the Area and the anticipated year in
which the debt will be retired; (ORS 457.087(6))
A financial analysis of the plan; (ORS 457.087(7))
A fiscal impact statement that estimates the impact of tax increment financing (TIF)
upon all entities levying taxes upon property in the urban renewal area; (ORS
457.0857(8)) and
A relocation report (ORS 457.087(9)).
The relationship of the sections of the Report and the ORS 457.087 requirements is shown in
Table 1. The specific reference shown is the section of this Report that most addresses the
statutory reference. There may be other sections of the Report that also address the statute.
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Packet Pg. 21 Attachment: 2_ Report on Plan Amendment 08 01 2022 (1569 : Open House Downtown & East Pine Street Corridor Revitalization Plan
Page 2 | Report Accompanying the Downtown and East Pine Revitilazation Plan Amendment
Table 1 - Statutory References
Statutory Requirement Report Section
ORS 457.087 (1) X
ORS 457.087 (2) XI
ORS 457.087 (3) II
ORS 457.087 (4) III
ORS 457.087 (5) VI
ORS 457.087 (6) IV,V
ORS 457.087 (7) IV,V
ORS 457.087 (8) VIII
ORS 457.087 (9) XII
The Report provides guidance on how the Plan might be implemented. As the Central Point
Development Commission (CPDC) reviews revenues and potential projects each year, it has the
authority to adjust the implementation assumptions in this Report. The CPDC may allocate
budgets differently, adjust the timing of the projects, decide to incur debt at different times than
assumed in this Report, and make other adjustments to the financials as determined by the
CPDC. The CPDC may also make changes as allowed in the Amendments section of the Plan.
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Packet Pg. 22 Attachment: 2_ Report on Plan Amendment 08 01 2022 (1569 : Open House Downtown & East Pine Street Corridor Revitalization Plan
Page 3 | Report Accompanying the Downtown and East Pine Revitilazation Plan Amendment
Figure 1 - Downtown & East Pine Street Corridor Revitalizaton Plan Boundary
Source: Tiberius Solutions
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Packet Pg. 23 Attachment: 2_ Report on Plan Amendment 08 01 2022 (1569 : Open House Downtown & East Pine Street Corridor Revitalization Plan
Page 4 | Report Accompanying the Downtown and East Pine Revitilazation Plan Amendment
II. THE PROJECTS IN THE AREA AND THE RELATIONSHIP BETWEEN URBAN
RENEWAL PROJECTS AND THE EXISTING CONDITIONS IN THE URBAN
RENEWAL AREA
This section details the new projects added to the Plan by the Amendment. Information on projects
already within the Plan is not required in this section. The new projects identified for the
Amendment are described below, including how they relate to the existing conditions in the Area.
A. Bear Creek Greenway Project.
Improve the publicly owned lands adjacent to the Bear Creek Greenway from E. Pine Street to
the Table Rock Overpass. The newly created park system will balance passive and active
areas, including walking paths, benches, tables, pavilions/gazebos, playgrounds, restrooms,
bicycle improvements, and various recreational areas/opportunities. The Bear Creek Greenway
Project was added as a result of the blight created by the 2020 wildfires, with the intention of
preventing a similar catastrophe in the future.
Existing Conditions:
The 2020 Alameda Fire burned through the Bear Creek Greenway. The area has not been fully
restored and needs additional improvements to help prevent future fire damage. catastrophes.
Additionally, the Bear Creek Master Plan identifies a need for additional park facilities in Central
Point.
B. Beebe Road Bridge Extension.
Extend Beebe Road from its current intersection with Gebhard Road to the west, through
Jackson County Expo, to connect with Penninger Road. This project includes intersection
improvements at Penninger & Beebe Roads and Beebe & Gebhard Roads.
Existing Conditions:
Beebe Road currently ends at its intersection with Gebhard Road. There is no connection from
Beebe Road to Penninger Road. The intersection at Beebe and Gebhard Road is a two way
connection. The road does not extend over Bear Creek.
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Packet Pg. 24 Attachment: 2_ Report on Plan Amendment 08 01 2022 (1569 : Open House Downtown & East Pine Street Corridor Revitalization Plan
Page 5 | Report Accompanying the Downtown and East Pine Revitilazation Plan Amendment
Figure 2 - Bear Creek Greenway Site Plan
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Page 6 | Report Accompanying the Downtown and East Pine Revitilazation Plan Amendment
III. THE ESTIMATED TOTAL COST OF EACH PROJECT AND THE SOURCES OF
MONEYS TO PAY SUCH COSTS
Table 2 shows the costs of the projects in FYE 2022 constant dollars and the estimated year of
expenditure dollars. These costs are also shown in “year of expenditure” costs, which assumes
inflation of 3.0% annually. City Staff provides cost estimates and are reviewed by City Council.
These estimates are ballpark estimates and will be refined in the annual budgeting process with
the acknowledgement of the limiting total cost factor of the maximum indebtedness. Different
allocations may be made to different line items within the Plan.
The Plan assumes that the CPDC/City will use other funds to assist in the completion of the
projects within the Area. The CPDC/City may pursue regional, county, state, and federal
funding, private developer contributions, and any other sources of funding that may assist in the
implementation of the programs.
Table 2 – Estimated Project Costs
Expenditures (Constant FYE 2022) Constant 2022$ Year of Expenditure $
Materials and Services (144,136) (146,000)
Façade Improvement (68,981) (70,000)
Economic Incentive - -
Pine Street/Downtown - -
Pfaff Restrooms (200,000) (200,000)
Hamrick & Pine (857,524) (875,000)
Community Center (4,500,000) 5,272,470
Bear Creek Greenway (3,500,000) (3,939,250)
Crater Ped Crossing (100,000) (100,000)
Capital Project Design Cost (631,068) (650,000)
TPR Planning (48,544) (50,000)
Bridge (5,500,000) (6,567,550)
Miscellaneous Public Works Projects (9,123,870) (13,389,432)
Fire District 3 Equipment/Fire Safety (1,500,000) (2,407,050)
Economic Development Incentive (3,500,000) (5,082,700)
Other Projects - -
Financing Fees (204,291) (232,000)
Administration - -
Total Expenditures (29,878,413) (38,981,452)
Source: Tiberius Solutions with input from the City of Central Point staff
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Packet Pg. 26 Attachment: 2_ Report on Plan Amendment 08 01 2022 (1569 : Open House Downtown & East Pine Street Corridor Revitalization Plan
Page 7 | Report Accompanying the Downtown and East Pine Revitilazation Plan Amendment
IV. FINANCIAL ANALYSIS OF THE PLAN
The estimated tax increment revenues through Fiscal Year Ending (FYE) 2040 are calculated
based on projections of the assessed value within the Area and the consolidated tax rate that
will apply in the Area.
The long-term projections for FYE 2022 and beyond assume an annual growth rate for
assessed value in the Area of 3.5% for through FYE 2029 and 4.0% for the remainder of the life
of the Plan. These projections of growth are the basis for the projections in Table 6, through
Table 8. Assessed value in FYE 2024 is anticipated to grow by an additional 0.1%, due to the
addition of properties to the Area boundary.
If actual assessed value growth is less than forecast, then it would reduce the financial capacity
of the Area
to fund projects listed in the Plan over the anticipated duration of the Plan.
Table 3 shows the incremental assessed value, tax rates, and tax increment revenues each
year, adjusted for discounts, delinquencies, and truncation loss.
The first year of tax increment collections is anticipated to be FYE 2022. Gross tax increment
financing revenue (TIF) is calculated by multiplying the tax rate times the assessed value used.
The tax rate is per thousand dollars of assessed value, so the calculation is “tax rate times
assessed value used divided by one thousand.” The consolidated tax rate includes only
permanent tax rates. General obligation bonds and local option levies are excluded, and will not
be impacted by this Plan.
Figure 3 shows expected TIF revenues over time and the projected tax revenues after
termination of the Area.
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Packet Pg. 27 Attachment: 2_ Report on Plan Amendment 08 01 2022 (1569 : Open House Downtown & East Pine Street Corridor Revitalization Plan
Page 8 | Report Accompanying the Downtown and East Pine Revitilazation Plan Amendment
Table 3 - Projected Incremental Assessed Value, Tax Rates, and Tax Increment Revenues
FYE Total AV Frozen
Base AV
Increment
Applied
Increment
Shared
Tax Rate Gross TIF Adjustmen
ts
Current
Year Net
Prior Year
Net
Total TIF
2022 195,158,782 139,787,170 55,371,612 - 15.7106 869,921 (43,496) 826,425 13,049 839,474
2023 201,938,363 139,787,170 62,151,193 - 15.7106 976,433 (48,822) 927,611 12,396 940,007
2024 209,083,470 139,909,490 69,173,980 - 15.7106 1,086,765 (54,338) 1,032,426 13,914 1,046,341
2025 216,347,310 139,909,490 76,437,820 - 15.7106 1,200,884 (60,044) 1,140,840 15,486 1,156,326
2026 223,863,763 139,909,490 83,954,273 - 15.7106 1,318,972 (65,949) 1,253,023 17,113 1,270,136
2027 238,088,140 139,909,490 98,178,650 - 15.7106 1,542,446 (77,122) 1,465,323 18,795 1,484,119
2028 271,844,661 139,909,490 131,935,171 - 15.7106 2,072,781 (103,639) 1,969,142 21,980 1,991,122
2029 287,976,687 139,909,490 148,067,197 - 15.7106 2,326,225 (116,311) 2,209,913 29,537 2,239,450
2030 298,970,782 139,909,490 159,061,292 - 15.7106 2,498,948 (124,947) 2,374,001 33,149 2,407,150
2031 310,388,891 139,909,490 170,479,401 - 15.7106 2,678,334 (133,917) 2,544,417 35,610 2,580,027
2032 322,247,502 139,909,490 182,338,012 - 15.7106 2,864,640 (143,232) 2,721,408 38,166 2,759,574
2033 334,563,750 139,909,490 194,654,260 - 15.7106 3,058,135 (152,907) 2,905,228 40,821 2,946,050
2034 347,355,437 139,909,490 207,445,947 - 15.7106 3,259,100 (162,955) 3,096,145 43,578 3,139,724
2035 360,641,066 139,909,490 220,731,576 - 15.7106 3,467,826 (173,391) 3,294,434 46,442 3,340,876
2036 374,439,863 139,909,490 234,530,373 - 15.7106 3,684,613 (184,231) 3,500,382 49,417 3,549,799
2037 388,771,806 139,909,490 248,862,316 - 15.7106 3,909,776 (195,489) 3,714,287 52,506 3,766,793
2038 403,657,657 139,909,490 263,748,167 - 15.7106 4,143,642 (207,182) 3,936,460 55,714 3,992,174
2039 419,118,991 139,909,490 279,209,501 - 15.7106 4,386,549 (219,327) 4,167,221 59,047 4,226,268
2040 435,178,229 139,909,490 206,697,513 88,571,226 15.7106 3,247,342 (162,367) 3,084,975 62,508 3,147,483
TOTAL: 48,593,332 (2,429,666) 46,163,661 659,228 46,822,893
Source: Tiberius Solutions
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Packet Pg. 28 Attachment: 2_ Report on Plan Amendment 08 01 2022 (1569 : Open House Downtown & East Pine Street
Page 9 | Report Accompanying the Downtown and East Pine Revitilazation Plan Amendment
Figure 3 - TIF Projections Over Time
Source: Tiberius Solutions
Figure 4 – Resources Including Future Bonds Over Time
Source: Tiberius Solutions
$-
$1
$2
$3
$4
$5
$6
$7
$8
$9
2022 2024 2026 2028 2030 2032 2034 2036 2038 2040 2042 2044Gross Tax Revenue (Millions)FYE
To Taxing Districts from Frozen Base URA EXpiresTo URA from Increment
Shared
$-
$1
$2
$3
$4
$5
$6
2022202320242025202620272028202920302031203220332034203520362037203820392040MillionsFYE
Gross TIF (YOE$)Capacity (2022$)
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Packet Pg. 29 Attachment: 2_ Report on Plan Amendment 08 01 2022 (1569 : Open House Downtown & East Pine Street Corridor Revitalization Plan
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V. THE ESTIMATED AMOUNT OF TAX INCREMENT REVENUES REQUIRED AND
THE ANTICIPATED YEAR IN WHICH INDEBTEDNESS WILL BE RETIRED
Table 4 shows a summary of the financial capacity of the Area, including how total TIF revenue
translates to the ability to fund projects in constant 2022 dollars, in five-year increments. Table 6
through Table 8 show more detailed tables on the allocation of tax revenues to debt service.
Table 9 through Table 11 show potential allocations to projects, programs, and administration
over time.
The Area is anticipated to complete all projects and have sufficient tax increment finance
revenue to terminate the urban renewal area in FYE 2040. If growth in assessed value is slower
than projected, the Agency may not be able to complete all projects in the Plan. If growth in
assessed value is more robust than the projections, it may take a shorter time period. These
assumptions show one scenario for financing and that this scenario is financially feasible.
The maximum indebtedness is $43,177,530 (Forty-Three Million One Hundred Seventy-Seven
Thousand Five Hundred Thirty). The estimated total amount of TIF revenues required to service
the remaining maximum indebtedness as of June 30, 2021, $38,891,711, is $46,822,892 and is
from permanent rate tax levies. The additional TIF revenue required is greater than the
maximum indebtedness remaining due to the projected cost of the interest on borrowings
(loans).
Table 4 - TIF Capacity of the Area in FYE 2022 Constant Rounded Numbers
Net TIF $ 46,800,000
Maximum Indebtedness $ 43,177,530
Remaining MI as of June 30, 2021 $ 38,891,711
Capacity (2022$) of remaining MI $ 29,900,000
Years 1-5 $ 9,200,000
Years 6-10 $ 6,300,000
Years 11-15 $ 9,700,000
Years 16-19 $ 4,800,000
Source: Tiberius Solutions
This financial analysis shows projected borrowings as identified in Table 5. This is only one
scenario for how the Agency may decide to implement this Plan, and this scenario is financially
feasible. The Agency may decide to do borrowings at different times or for different amounts,
depending on their analysis at the time. The timeframes on these borrowings are designed to
have all borrowings repaid at the termination of the District in FYE 2040. The amounts shown
are the principal amounts of the borrowings. The total amounts, including interest, are shown in
the second column of Table 6.
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Page 11 | Report Accompanying the Downtown and East Pine Revitilazation Plan Amendment
Table 5 - Estimated Borrowings and Amounts
Loan A Loan B Loan C
Principal Amount 3,300,000 3,000,000 5,300,000
Interest Rate 3.00% 5.00% 5.00%
Loan Term 20 20 20
Loan Year 2024 2026 2028
Interest Payment Start 2024 2026 2028
Principal Payment Start 2024 2026 2028
Annual Payment ($221,811.84) ($240,727.76) ($425,285.71)
Source: Tiberius Solution
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Table 6 - Tax Increment Revenues and Allocations to Debt Service, Page 1
Total FYE 2022 FYE 2023 FYE 2024 FYE 2025 FYE 2026 FYE 2027
Resources - - - - - - -
Beginning Balance 956,840 - - - - -
Interest Earnings 12,625 12,625 - - - - -
TIF: Current Year 46,163,663 826,425 927,611 1,032,426 1,140,840 1,253,023 1,465,323
TIF: Prior Years 659,229 13,049 12,396 13,914 15,486 17,113 18,795
Total Resources 47,792,357 1,808,939 940,007 1,046,341 1,156,326 1,270,136 1,484,119
Expenditures - - - - - - -
Debt Service - - - - - - -
Scheduled Payments - - - - - - -
Loan A (3,548,989) - - (221,812) (221,812) (221,812) (221,812)
Loan B (3,610,916) - - - - (240,728) (240,728)
Loan C (5,528,714) - - - - - -
FY 2017-18 Bond (3,533,091) (288,857) (312,917) (341,119) (363,463) (383,041) (395,960)
Early Principal Payment
Loan A (824,496) - - - - - -
Loan B (993,577) - - - - - -
Loan C (2,460,862) - - - - - -
Total Debt Service, Scheduled
Only (16,221,711) (288,857) (312,917) (562,931) (585,275) (845,581) (858,499)
Total Debt Service (20,500,646) (288,857) (312,917) (562,931) (585,275) (845,581) (858,499)
Debt Service Coverage Ratio 2.91 3.00 1.86 1.98 1.50 1.73
Transfer to URA Projects Fund (27,291,711) (1,520,082) (627,090) (483,410) (571,052) (424,555) (625,619)
Total Expenditures (47,792,357) (1,808,939) (940,007) (1,046,341) (1,156,326) (1,270,136) (1,484,119)
Ending Balance - - - - - - -
Source: Tiberius Solutions
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Table 7 - Tax Increment Revenues and Allocations to Debt Service, Page 2
FYE 2028 FYE 2029 FYE 2030 FYE 2031 FYE 2032 FYE 2033 FYE 2034
Resources - - - - - -
Beginning Balance - - - - - -
Interest Earnings - - - - - -
TIF: Current Year 1,969,142 2,209,913 2,374,001 2,544,417 2,721,408 2,905,228 3,096,145
TIF: Prior Years 21,980 29,537 33,149 35,610 38,166 40,821 43,578
Total Resources 1,991,122 2,239,450 2,407,150 2,580,027 2,759,574 2,946,050 3,139,724
Expenditures
Debt Service
Scheduled Payments
Loan A (221,812) (221,812) (221,812) (221,812) (221,812) (221,812) (221,812)
Loan B (240,728) (240,728) (240,728) (240,728) (240,728) (240,728) (240,728)
Loan C (425,286) (425,286) (425,286) (425,286) (425,286) (425,286) (425,286)
FY 2017-18 Bond (361,918) (362,087) (362,018) (361,712)
Total Debt Service (1,249,743) (1,249,912) (1,249,844) (1,249,538) (887,825) (887,825) (887,825)
Debt Service Coverage
Ratio 1.59 1.79 1.93 2.06 3.11 3.32 3.54
Transfer to URA
Projects Fund (741,379) (989,538) (1,157,306) (1,330,489) (1,871,749) (2,058,224) (2,251,898)
Total Expenditures (1,991,122) (2,239,450) (2,407,150) (2,580,027) (2,759,574) (2,946,050) (3,139,724)
Ending Balance - - - - - -
Source: Tiberius Solutions
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Packet Pg. 33 Attachment: 2_ Report on Plan Amendment 08 01 2022 (1569 : Open House Downtown & East Pine Street
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Table 8 - Tax Increment Revenues and Allocations to Debt Service, Page 3
FYE 2035 FYE 2036 FYE 2037 FYE 2038 FYE 2039 FYE 2040
Resources - - - - - -
Beginning Balance - - - - - -
Interest Earnings - - - - - -
TIF: Current Year 3,294,434 3,500,382 3,714,287 3,936,460 4,167,221 3,084,975
TIF: Prior Years 46,442 49,417 52,506 55,714 59,047 62,508
Total Resources 3,340,876 3,549,799 3,766,793 3,992,174 4,226,268 3,147,483
Expenditures
Debt Service
Scheduled Payments
Loan A (221,812) (221,812) (221,812) (221,812) (221,812) -
Loan B (240,728) (240,728) (240,728) (240,728) (240,728) (240,728)
Loan C (425,286) (425,286) (425,286) (425,286) (425,286) (425,286)
FY 2017-18 Bond
Early Principal Payment - - - -
Loan A - - - (824,496) -
Loan B - - - (972,969) (20,608)
Loan C - - - - (2,460,862)
Total Debt Service, Scheduled Only (887,825) (887,825) (887,825) (887,825) (887,825) (666,013)
Total Debt Service (887,825) (887,825) (887,825) (887,825) (2,685,291) (3,147,483)
Debt Service Coverage Ratio 3.76 4.00 4.24 4.50 4.76 4.73
Transfer to URA Projects Fund (2,453,051) (2,661,973) (2,878,968) (3,104,349) (1,540,978) -
Total Expenditures (3,340,876) (3,549,799) (3,766,793) (3,992,174) (4,226,268) (3,147,483)
Ending Balance - - - - -
Source: Tiberius Solutions
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VI. THE ANTICIPATED COMPLETION DATE FOR EACH PROJECT
The schedule for construction of projects will be based on the availability of funding. The projects
will be ongoing and will be completed as directed by the CPDC. Annual expenditures for program
administration are also included.
The amount of money available for projects in 2022 constant dollars for the Area is $29,878,413.
See Table 2 for the individual project analysis. This $29,878,413 is calculated by reflecting the
maximum indebtedness of $43,177,530 in constant 2022 dollars. The CPDC’s cost estimates are
typically shown in constant dollars, so understanding how these cost estimates relate to the overall
maximum indebtedness over the ensuing years is important to help the CPDC to make projections
on the allocation of funds throughout the life of the Area.
Table 9 through Table 11 show the $29,878,413 of 2022 project dollars inflated over the life of the
Area, including administrative expenses. All costs shown in Table 9 through Table 11 are in year-of-
expenditure dollars, which are adjusted by 3.0% annually to account for inflation. The year of
expenditure total cost is $38,981,452.
The 3.0% inflation rate is the rate to use in the future if any amendment to increase maximum
indebtedness is pursued in accordance with ORS 457.470.The CPDC may change the completion
dates in their annual budgeting process or as project decisions are made in administering the Plan.
The following tables are prepared to show that the Area is financially feasible as required by ORS
457. It assumes completion of projects as funding becomes available.
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Table 9 - Programs and Costs in Year of Expenditure Dollars, Page 1
TOTAL FYE 2022 FYE 2023 FYE 2024 FYE 2025 FYE 2026 FYE 2027 FYE 2028
Resources
Beginning Balance - 828,082 60,313 64,875 636,250 64,736 690,680
Interest Earnings 89,741 - 4,140 302 324 3,181 324 3,453
Transfer from TIF Fund 27,291,711 1,520,082 627,090 483,410 571,052 424,555 625,619 741,379
Bond/Loan Proceeds 11,600,000 - - 3,300,000 - 3,000,000 - 5,300,000
Total Resources 38,981,452 1,520,082 1,459,313 3,844,025 636,250 4,063,986 690,680 6,735,511
Expenditures (YOE $)
Materials and Services (146,000) (82,000) (64,000)
Façade Improvement (70,000) (35,000) (35,000)
Economic Incentive 0
Pine Street/Downtown 0
Pfaff Restrooms (200,000) (200,000)
Hamrick & Pine (875,000) (275,000) (600,000)
Community Center 5,272,470 (3,713,150)
Bear Creek Greenway (3,939,250) (3,939,250)
Crater Ped Crossing (100,000) (100,000)
Capital Project Design Cost (650,000) (650,000)
TPR Planning (50,000) (50,000)
Bridge (6,567,550) (6,567,550) Miscellaneous Public Works Projects (13,389,432)
Fire District 3 Equipment/Fire Safety (2,407,050)
Economic Development Incentive (5,082,700)
Financing Fees (232,000) (60,000) (106,000)
Administration
Total Expenditures (38,981,452) (3,999,250) (6,673,550)
Ending Balance 828,082 60,313 64,875 636,250 64,736 690,680 61,961
Source: Tiberius Solutions
Table 10 - Programs and Costs in Year of Expenditure Dollars, Page 2
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FYE 2029 FYE 2030 FYE 2031 FYE 2032 FYE 2033 FYE 2034 FYE 2035 FYE 2036
Resources
Beginning Balance 61,961 1,051,810 1,770,995 2,653,659 708,560 2,285,858 485,940 2,133,746
Interest Earnings 310 5,259 8,855 13,268 3,543 11,429 2,430 10,669
Transfer from TIF Fund 989,538 1,157,306 1,330,489 1,871,749 2,058,224 2,251,898 2,453,051 2,661,973
Bond/Loan Proceeds 0 0 0 0 0 0 0 0
Total Resources 1,051,810 2,214,375 3,110,339 4,538,675 2,770,328 4,549,185 2,941,421 4,806,389
Expenditures (YOE $)
Materials and Services
Façade Improvement
Economic Incentive
Pine Street/Downtown
Pfaff Restrooms
Hamrick & Pine
Community Center (293,700) (302,520)
Bear Creek Greenway
Crater Ped Crossing
Capital Project Design Cost
TPR Planning
Bridge
Miscellaneous Public Works Projects (3,359,750) (3,564,250) (3,781,500)
Fire District 3 Equipment/Fire Safety
Economic Development Incentive (443,380) (456,680) (470,365) (484,470) (498,995) (513,975) (529,410)
Financing Fees
Administration
Total Expenditures 0 (443,380) (456,680) (3,830,115) (484,470) (4,063,245) (807,675) (4,613,430)
Ending Balance 1,051,810 1,770,995 2,653,659 708,560 2,285,858 485,940 2,133,746 192,959
Source: Tiberius Solutions
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Table 11 - Programs and Costs in Year of Expenditure Dollars, Page 3
FYE 2037 FYE 2038 FYE 2039
Resources
Beginning Balance
Interest Earnings 965 11,080 10,209
Transfer from TIF Fund 2,878,968 3,104,349 1,540,978
Bond/Loan Proceeds 0 0 0
Total Resources 3,072,892 5,331,420 3,592,972
Expenditures (YOE $)
Materials and Services
Façade Improvement
Economic Incentive
Pine Street/Downtown
Pfaff Restrooms
Hamrick & Pine
Community Center (311,600) (320,940) (330,560)
Bear Creek Greenway
Crater Ped Crossing
Capital Project Design Cost
TPR Planning
Bridge
Miscellaneous Public Works Projects (2,683,932)
Fire District 3 Equipment/Fire Safety (2,407,050)
Economic Development Incentive (545,300) (561,645) (578,480)
Financing Fees
Administration
Total Expenditures (856,900) (3,289,635) (3,592,972)
Ending Balance 2,215,992 2,041,785 0
Source: Tiberius Solutions
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VII. REVENUE SHARING
Revenue sharing targets are projected to be reached in FYE 2040, as the threshold set in ORS
457 (annual tax increment revenues in excess of 10 percent of the maximum indebtedness) is
met the previous year, FYE 2039. In addition, the MI is expected to be reached in FYE 2040,
meaning the CPDC is not projected to take the full division of taxes that year, but to underlevy
for both the mandatory revenue sharing and the amount that exceeds the MI.
Revenue sharing means that, at thresholds defined in ORS 457.470, the impacted taxing
jurisdictions will receive a share of the incremental growth in the Area. The first threshold is
when annual tax increment finance revenues exceed 10% of the original maximum
indebtedness of the Plan ($43,177,530 x.10% is $4,317,753). At the 10% threshold, the Agency
will receive the full 10% of the initial maximum indebtedness plus 25% of the increment above
the 10% threshold, and the taxing jurisdictions will receive 75% of the increment above the 10%
threshold.
The second threshold is set at 12.5% of the maximum indebtedness is $5,397,191 ($43,177,530
x.12.5%). If this threshold is met, revenue for the Area would be capped at 12.5% of the
maximum indebtedness, with all additional tax revenue being shared with affected taxing
districts.
If assessed value in the Area grows more quickly than projected, the revenue sharing
thresholds could be reached earlier.
VIII. IMPACT OF THE TAX INCREMENT FINANCING
This section describes the impact of tax increment financing of the maximum indebtedness,
both until and after the indebtedness is repaid, upon all entities levying taxes upon property in
the Area.
The impact of tax increment financing on overlapping taxing districts consists primarily of the
property tax revenues foregone on permanent rate levies as applied to the growth in assessed
value in the Area. These projections are for impacts estimated through FYE 2040 and are
shown in Table 12 for the general government taxing districts and Table 13 for the education
taxing districts.
The Central Point School District 6 and the Southern Oregon Education Service District are not
directly affected by the tax increment financing, but the amounts of their taxes divided for the
Plan are shown in the following tables. Under current school funding law, property tax revenues
are combined with State School Fund revenues to achieve per-student funding targets. Under
this system, property taxes foregone, due to the use of tax increment financing, are substantially
replaced with State School Fund revenues, as determined by a funding formula at the state
level.
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Table 12 - Projected Impact on Taxing District Permanent Rate Levies - General Government
FYE
Jackson
County
4-H
Extension
Service
District
Vector
Control RVTD
Jackson
Soil &
Water Cons
Jackson
County
Library Dist
City of
Central
Point
Jackson
County
RFPD #3 Subtotal
2022 (107,396) (2,276) (2,292) (9,468) (2,672) (27,785) (238,848) (166,681) (557,419)
2023 (120,258) (2,549) (2,567) (10,602) (2,992) (31,113) (267,452) (186,642) (624,174)
2024 (133,861) (2,837) (2,857) (11,802) (3,330) (34,632) (297,706) (207,755) (694,781)
2025 (147,932) (3,135) (3,158) (13,042) (3,680) (38,273) (328,999) (229,593) (767,812)
2026 (162,492) (3,444) (3,468) (14,326) (4,042) (42,040) (361,381) (252,190) (843,383)
2027 (189,867) (4,024) (4,053) (16,739) (4,723) (49,122) (422,263) (294,677) (985,470)
2028 (254,730) (5,399) (5,437) (22,458) (6,337) (65,903) (566,516) (395,345) (1,322,125)
2029 (286,499) (6,072) (6,115) (25,259) (7,127) (74,123) (637,171) (444,651) (1,487,018)
2030 (307,953) (6,527) (6,573) (27,150) (7,661) (79,673) (684,885) (477,949) (1,598,372)
2031 (330,070) (6,996) (7,045) (29,100) (8,211) (85,395) (734,073) (512,274) (1,713,164)
2032 (353,040) (7,483) (7,535) (31,125) (8,783) (91,338) (785,157) (547,924) (1,832,385)
2033 (376,896) (7,988) (8,045) (33,229) (9,376) (97,510) (838,214) (584,949) (1,956,207)
2034 (401,673) (8,514) (8,573) (35,413) (9,992) (103,921) (893,318) (623,404) (2,084,809)
2035 (427,407) (9,059) (9,123) (37,682) (10,633) (110,579) (950,550) (663,344) (2,218,376)
2036 (454,135) (9,625) (9,693) (40,038) (11,297) (117,494) (1,009,993) (704,826) (2,357,103)
2037 (481,896) (10,214) (10,286) (42,486) (11,988) (124,676) (1,071,733) (747,911) (2,501,189)
2038 (510,730) (10,825) (10,901) (45,028) (12,705) (132,136) (1,135,859) (792,662) (2,650,845)
2039 (540,678) (11,460) (11,540) (47,668) (13,450) (139,884) (1,202,463) (839,142) (2,806,286)
2040 (402,666) (8,535) (8,595) (35,500) (10,017) (104,178) (895,526) (624,945) (2,089,961)
TOTAL: (5,990,181) (126,962) (127,856) (528,116) (149,017) (1,549,776) (13,322,109) (9,296,865) (31,090,882)
Source: Tiberius Solutions
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Table 13 - Projected Impact on Taxing District Permanent Rate Levies - Education
FYE Education
Service
District
RCC Central Pt SD 6 Subtotal Total
2022 (18,830) (27,401) (235,824) (282,055) (839,474)
2023 (21,085) (30,682) (264,066) (315,833) (940,007)
2024 (23,470) (34,153) (293,937) (351,560) (1,046,341)
2025 (25,937) (37,743) (324,834) (388,514) (1,156,326)
2026 (28,490) (41,458) (356,805) (426,753) (1,270,136)
2027 (33,290) (48,442) (416,917) (498,649) (1,484,119)
2028 (44,662) (64,991) (559,343) (668,996) (1,991,122)
2029 (50,232) (73,097) (629,103) (752,432) (2,239,450)
2030 (53,994) (78,570) (676,213) (808,778) (2,407,150)
2031 (57,872) (84,213) (724,778) (866,863) (2,580,027)
2032 (61,899) (90,074) (775,216) (927,188) (2,759,574)
2033 (66,082) (96,160) (827,600) (989,842) (2,946,050)
2034 (70,426) (102,482) (882,007) (1,054,915) (3,139,724)
2035 (74,938) (109,047) (938,514) (1,122,500) (3,340,876)
2036 (79,625) (115,867) (997,205) (1,192,696) (3,549,799)
2037 (84,492) (122,950) (1,058,162) (1,265,604) (3,766,793)
2038 (89,547) (130,306) (1,121,476) (1,341,329) (3,992,174)
2039 (94,798) (137,947) (1,187,237) (1,419,983) (4,226,268)
2040 (70,600) (102,735) (884,187) (1,057,522) (3,147,483)
TOTAL: (1,050,271) (1,528,317) (13,153,422) (15,732,010) (46,822,892)
Source: Tiberius Solutions
Table 14 shows the projected increased revenue to the taxing jurisdictions after tax
increment proceeds are projected to be terminated. These projections are for FYE 2041.
The Frozen Base is the assessed value of the Area established by the county assessor at
the time the Area is established. Excess Value is the increased assessed value in the Area
above the Frozen Base.
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Table 14 - Additional Revenues Obtained after Termination of Tax Increment
Financing – FYE 2041
Taxing District Tax Rate
From
Frozen
Base
From
Excess
Value
TOTAL
General Government
Jackson County 2.0099 $281,204 $626,987 $908,191
4-H Extension Service District 0.0426 $5,960 $13,289 $19,249
Vector Control 0.0429 $6,002 $13,383 $19,385
Rogue Valley Transit D 0.1772 $24,792 $55,277 $80,069
Jackson Soil & Water
Conservation
0.0500 $6,995 $15,597 $22,592
Jackson County Library
District
0.5200 $72,753 $162,214 $234,967
City of Central Point 4.4700 $625,395 $1,394,413 $2,019,808
Jackson County RFPD #3 3.1194 $436,434 $973,094 $1,409,528
Subtotal General Government 10.4320 $1,459,535 $3,254,254 $4,713,789
Education
Education Service District 0.3524 $49,304 $109,931 $159,235
Rogue Community College 0.5128 $71,746 $159,968 $231,714
Central Point SD 6 4.4134 $617,477 $1,376,757 $1,994,234
Subtotal Education 5.2786 $738,527 $1,646,656 $2,385,183
TOTAL: 15.7106 $2,198,062 $4,900,910 $7,098,972
Source: Tiberius Solutions
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IX. COMPLIANCE WITH STATUTORY LIMITS ON ASSESSED VALUE AND SIZE
OF URBAN RENEWAL AREA
State law limits the percentage of both a municipality’s total assessed value and the total
land area that can be contained in an urban renewal area at the time of its establishment to
25% for municipalities under 50,000 in population. As noted below, the frozen base
(assumed to be FYE 2022 values), including all real, personal, personal, manufactured, and
utility properties in the Area, for the Area after the Amendment is projected to be
$139,909,490. The Jackson County Assessor will certify the new frozen base of the new
properties once the urban renewal plan amendment is adopted. This will be added to the
existing frozen base.
The total assessed value of the City of Central Point in FYE 2022 is $1,450,597,2071.
The percentage of total City assessed value in the urban renewal area is 10.03%, below the
25% threshold. ORS 457.160 (2)(b) states “For municipalities having a population of less
than 50,000, according to the latest state census:
A. The assessed value for the urban renewal areas of the plan, when added to
the total assessed value previously certified by the assessor for other urban renewal
plans of the municipality for which a division of ad valorem taxes is provided,
exceeds a figure equal to 25 percent of the total assessed value of that municipality,
exclusive of any increased assessed value for other urban renewal areas and
without regard to adjustments made pursuant to ORS 457.435.”
The Area contains 514 acres, including public rights-of-way. The City of Central Point
contains 2,904.1 acres. This puts 17.7% of the City’s acreage in an urban renewal area,
which is below the 25% threshold.
Table 15 - Urban Renewal Area Conformance with Assessed Value and Acreage
Limits
Acreage
Frozen Value
after
amendment
Excess Value
Downtown and East Pine
Revitalization Area 514 $139,909,490 $55,371,612
City of Central Point 2,904.1 $1,450,597,207
% of City 17.7% 10.03%
Source: Compiled by Elaine Howard Consulting, LLC with data from Tiberius Solutions LLC, City of Central Point, and Jackson
County Department of Assessment and Taxation (FYE 2022)
*Estimated value, exact value will be set by the Jackson County Assessor upon adoption of the Plan.
1 Jackson County Assessor FY 2021/2022 SAL 4a Report.
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X. EXISTING PHYSICAL, SOCIAL, AND ECONOMIC CONDITIONS AND
IMPACTS ON MUNICIPAL SERVICES
A. Physical Conditions
1. Properties Added and Removed
The properties to be added and removed are shown in Table 16.
Table 16 – Properties to be Added and removed in 2022 Amendment
Properties
Added
Properties
Removed
Map Number
Account
Number Acreage Map Number
Account
Number Acreage
372W02D300 10195939 9.02 372W11BC5300 10179641 1.76
372W02D400 10998025 7.17 372W11BC5302 10714077 0.10
372W02D400 10195970 13.89 372W11BC5303 10714085 0.10
372W02D500 10195988 12.19 372W11BC5000 10179674 0.46
372W02D501 10992858 1.47 372W11BC5301 10705457 0.66
372W02D600 10195996 4.95 372W11BC5200 10179658 3.60
372W11A102 10799146 3.52 TOTAL 6.68
372W11A28100 10799152 1.38
372W12B501 10202983 2.55
372W12B502 10730828 13.21
372W12B505 10993098 4.25
372W12B600 10462312 13.91
372W02D700 10196009 1.88
TOTAL 89.39
Source: City of Central Point
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2. Land Use
The Area measures 514 total acres in size, which is composed of 948 individual parcels
encompassing 375.15 acres, and an additional 138.85 acres in public rights-of-way. An
analysis of FYE 2022 property classification data from the Jackson County Department of
Assessment and Taxation database was used to determine the land use designation of
parcels in the Area. By acreage, Commercial (32.13%) accounts for the most prevalent land
use within the area. This was followed by Residential (29.30%). Detailed land use
designations in the area can be seen in Table 17.
Table 17 - Land Use in the Area
Land Use Parcels Acres Percent of Acres
Commercial 197 120.55 32.13%
Residential 635 109.93 29.30%
Exempt 64 85.79 22.87%
Industrial 18 22.38 5.97%
Tract 2 16.92 4.51%
Multi-Family 25 12.68 3.38%
Miscellaneous 6 6.68 1.78%
Farm 1 0.21 0.06%
TOTAL: 948 375.15 100.00%
Source: Compiled by Tiberius Solutions LLC with data from the City of Central Point
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3. Comprehensive Plan Designations
The most prevalent comprehensive plan designation by acreage in the Area is Commercial
(39.73%). The second most prevalent comprehensive plan designation in the Area is
Residential (36.33%). Detailed comprehensive plan designations in the Area can be seen in
Table 18.
Table 18 – Comprehensive Plan Designations in the Area
Comprehensive Plan Designation Parcels Acres Percent of Acres
Commercial 234 149.05 39.73%
Residential 680 136.28 36.33%
Parks OS 14 53.92 14.37%
Industrial 4 19.46 5.19%
Civic 16 16.43 4.38%
TOTAL: 948 375.15 100.00%
Source: Compiled by Tiberius Solutions LLC with data from the City of Central Point
Figure 5 – Comprehensive Plan Designations
Source: Tiberius Solutions
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4. Zoning Designations
The most prevalent zoning designation by acreage in the Area is C-4: Tourist and Office
(18.01%). The second most prevalent zoning designation in the Area is GC: General
Commercial (15.58%). Detailed zoning designations in the Area can be seen in Table 19.
Table 19 - Zoning Designations in the Area
Zoning Designations Parcels Acres Percent of Acres
C-4: Tourist and Office 68 67.53 18.01%
GC: General Commercial 91 58.46 15.58%
BCG: Bear Creek Greenway 10 46.54 12.41%
R-1-6: SF Residential – 6,000 183 35.72 9.52%
R-3: Multiple Family Residential 184 34.82 9.28%
R-2: Two-Family Residential 199 32.01 8.53%
HMR: High Mix Res / Com 82 22.92 6.11%
EC: Employment Commercial 64 20.53 5.47%
M-2: Industrial General 4 19.46 5.19%
Civic 17 17.07 4.55%
MMR: Medium Mix Residential 41 12.08 3.22%
OS: Open Space 5 7.99 2.13%
TOTAL: 948 375.15 100.00%
Source: Compiled by Tiberius Solutions LLC with data from the City of Central Point
Figure 6 - Zoning in the Area
Source: Tiberius Solutions
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B. Infrastructure
This section identifies the existing conditions in the Area to assist in establishing blight in
the ordinance adopting the urban renewal plan. There are projects identified by the City of
Central Point in itemizing blighting conditions in the Area. This does not mean that all of
these projects are included in the urban renewal plan. The specific projects that are
included in the Plan are listed in Sections II and III of this Report and in the original Plan.
1. Transportation Systems Plan - Interstate Access Management Plan
33
In 2015 the City amended the Transportation Systems Plan (TSP) twice to (1) incorporate
the Interstate Access Management Plan (IAMP) 33 into the TSP and (2) add the Gebhard
Road extension project to the TSP. All of the projects in IAMP 33 are within the Area and
projects that have been completed or are funded for completion in the near future have been
excluded. The Gebhard Road extension is partly within the current Urban Renewal Area (i.e.
Walmart property on East Pine Street).2
1-5 Southbound Ramp Terminal/East Pine Street TSM - Signal Timing Modifications: Maintain
traffic signal timing to safely manage queues on the SB off-ramp
Northbound Ramp Terminal/East Pine Street TSM - Signal Timing Modifications: Maintain
traffic signal timing to safely manage queues on the NB off-ramp
10th Street/Freeman Road/East Pine Street TSM - Signal Timing Modifications and Queue
Storage: Maintain signal progression, change signal phasing, extend westbound left-turn lane
striping on East Pine Street to provide more queue storage, consider access restrictions to
improve safety
Peninger Road/East Pine Street TSM - Signal Timing Modifications: Maintain signal
progression to ovoid queuing conflict that affects /-5 NB Ramp Terminal, and change signal
phasing
East Pine Street TSM Signal Timing Modifications: Maintain signal progression, particularly
in the eastbound direction, to avoid queuing that affects 1-5 NB ramp terminal
South Sidewalk between Ramp Terminals: Add a sidewalk on the south side of East Pine
Street between the northbound and southbound ramp terminals
Bike Lane Improvements: Restripe eastbound trove/ lanes between 9th Street and the 1-5
southbound ramp to improve bike lane transitions
1-S Southbound On-Ramp- Dual Westbound Left-Turn Lanes: Add a second westbound left-
turn lane on East Pine Street onto the /-5 southbound on-ramp and a second southbound
receiving lone on the 1-5 southbound on-ramp
2 City of Central Point Transportation Systems Plan - Interstate Access Management Plan 33 Capital
Improvement Project list
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Peninger Road/East Pine Street Intersection Improvements: Implement Central Point TSP
Tier 2 Project #236 as revised - Widen East Pine Street to accommodate a third westbound
through travel Jane, maintain bike lanes, and odd sidewalks where necessary
Figure 7 – IAMP Projects in Area
Source: TSP IAMP 33 Projects
2. Transportation Systems Plan
The City is in the process of updating the TSP to add needed projects within the recently
expanded Urban Growth Boundary (UGB), including the properties being added to the Area.
Most notable here will be extension of Beebe Road west across Bear Creek and connecting
with Peninger Road. It is a significant project and one that is a priority for funding in part by
Urban Renewal. The following projects are listed in the TSP and are in the Area.3
204 S. Haskell Street, Pine Street to Ash Street – widen to three lanes with curb, gutter,
bike lanes and sidewalks
208 Oak Street: Second-Third & First Street: Manzanita – Laurel Improve alleyways and
parking facility
211 Beebe Road & Hamrick Road Intersection – Add traffic signal for pedestrian crossing
safety
212 Highway 99, Project No. 4 Cupp Street Greenway
216 E. Pine Street & Hamrick Road Intersection – Widen west and south approaches to
add a second eastbound left turn lane and second receiving lane. Restripe
northbound approach to include dual left turns and a single through-shared right turn.
Restripe southbound approach to include a left turn, through and exclusive right turn
lanes.
3 City of Central Point Transportation Systems Plan, Table 12.3 Short Term Projects and table 12.5
Tier 1 – Long Term Projects, Table 12.6 Tier 2 Projects
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222 3rd Street: E. Pine Street to Hazel Street – Add bike lanes and sidewalks
223 Hazel Street: Third to 10th Street – Pave and improve adding sidewalks
228 E. Pine Street traffic calming – miscellaneous enhancements such as bulb-outs,
cross-walks, signals, that improve the pedestrian environment along Pine Street
233 E. Pine Street: Hamrick Road to Bear Creek Bridge – widen for decel/accel lanes,
add bike lanes and sidewalks
234 E- W Hamrick Road extension (south of E Pine Street) – Extend Hamrick Road
westerly to intersect with Peninger Road (collector standards)
236 E. Pine Street: Bear Creek Ridge to Peninger Road – widen for turn lanes, bike
lanes, add sidewalks and third lane
238 10th Street: E. Pine Street to Hazel Street – widen to add continuous turn lane, bike
lanes and sidewalks
240 Peninger Road Extension, south – extend Peninger Road from E. Pine Street south
across Bear Creek to Hamrick Road and construct new bridge across Bear Creek
241 3rd Street:” Hazel Street to Scenic Avenue – widen to 3 lanes, bike lanes, sidewalks,
urban upgrade (collector standards)
245 Peninger Road Project – Extend Peninger road from E. Pine Street north across
Bear Creek to Beebe Road and remove signal at Peninger/Pine Street. Construct
bridge across Bear Creek. Extend Peninger Road south across Bear Creek to
intersect with S. Harmick Road.
246 Freeman Road & Hopkins Road Intersection – Install new signal
247 3rd Street: E. Pine Street to Ash Street – Install new signal
248 Maple Street: Highway 99 to 10th Street – construct sidewalks, repair curb and gutter
249 4th Street: Ash Street to Cedar Street – construct sidewalks, repair curb and gutter
250 Ash Street: Highway 99 to Freeman Road – construct sidewalks, repair curb and
gutter
251 Oak Street: Highway 99 to Freeman Road – construct sidewalks, repair curb and
gutter
255 E. Pine Street: I-5 to Table Rock Road – widen E. Pine Street to add third westbound
through lane from east side of Table Rock Road to I5 SB off ramp
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3. Stormwater Capital Improvement Plan
The Stormwater Master Plan is nearing the end of its planning horizon and is planned to be
updated in the next budget cycle.
The following projects are listed in the Stormwater CIP for Flood Control CIP prioritization
and ranking4:
8.2 Oak Street Overflow
8.3 Ash Street Pipe Replacement
8.4 2nd Street Pipe Replacement
8.5 Cedar Street Bypass
8.6 Rostell Street Channel
11 Freeman Road at Ash
The following projects are listed in the Stormwater CIP for Water Quality COP prioritization:
7.1 Green Street: Cherry St from N. 2nd to N. 4th Street
7.2 Green Street: Maple Street from N. 1st to N. 6th Street
7.3 Green Street: Laurel Street from N. 2nd to N. 6th Street
7.4 Green Street: Alder from S. 1st to N. 6th Street
8.1 Jewett Elementary School Channel
9 City Hall Rain Garden Demonstration
10 Ray's Food Place Planter
4. Water Master Plan
The following projects are included in the Water Master Plan and are in the Area. 5
14 Fire flow improvements near Front Street and Bush
15 Fire flow improvements on Maple
16 Fire flow improvements on Bigham north of Oak Street
17 Fire flow improvements on S. 9th Street
4 City of Central Point Stormwater Capital Improvement Plan, Section 7 Table 7-1 Flood Control CIP
Prioritization and Ranking
5 City of Central Point Water Master Plan, Section 8 table 8-1 Capital Improvements Project Summary
List
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18 Fire flow improvements on Oak Street
19 Fire flow improvements on Bigham
20 Fire flow improvements on Chestnut
21 Fire flow improvements on Ash Street
22 Fire flow improvements on Rostel Street
23 Fire flow improvements on Hazel and 9th
24 Fire flow improvements on Laurel Street
25 Fire flow improvements on Manzanita
27 Fire flow improvements on Bush Street
28 Fire flow improvements on Grand Avenue
Figure 8 – Fire Flow Improvements in the Area
Source: City of Central Point Water Master Plan
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C. Social Conditions
According to the US Census Bureau, American Community Survey 2016-2020 Five Year
Estimates, the block groups have 3,188 residents, 9.28% of whom identify as Hispanic or
Latino.
Table 20 - Race in the Area
Race Number Percent
White alone 2,821 88.49%
Black or African American alone 0 0.00%
American Indian and Alaska Native alone 166 5.21%
Asian alone 29 0.91%
Native Hawaiian and Other Pacific Islander alone 105 3.29%
Some other race alone 15 0.47%
Two or more races 52 1.63%
TOTAL: 3,188 1%
Source: American Community Survey 2016-2020 Five Year Estimates
The largest percentage of residents are between 45 to 54 years of age (19.23%).
Table 21 - Age in the Area
Age Number Percent
Under 5 years 155 4.86%
5 to 9 years 253 7.94%
10 to 14 years 207 6.49%
15 to 17 years 114 3.58%
18 to 24 years 262 8.22%
25 to 34 years 397 12.45%
35 to 44 years 418 13.11%
45 to 54 years 613 19.23%
55 to 64 years 359 11.26%
65 to 74 years 248 7.78%
75 to 84 years 96 3.01%
85 years and over 66 2.07%
TOTAL: 3188 1%
Source: American Community Survey 2016-2020 Five Year Estimates
In the block groups, 20.98% of adult residents have earned a bachelor’s degree or higher.
Another 32.04% have some college education without a degree, and another 26.40% have
graduated from high school but have not attended college.
Table 22 - Educational Attainment in the Area
Education Number Percent
Less than high school 205 9.33%
High school graduate (includes equivalency) 580 26.40%
Some college 704 32.04%
Associate's degree 247 11.24%
Bachelor's degree 371 16.89%
Master's degree 75 3.41%
Professional school degree 15 0.68%
Doctorate degree 0 0.00%
TOTAL: 2197 0.9999%
Source: American Community Survey 2016-2020 Five Year Estimates
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The most common travel time to work class was 10 to 19 minutes, with 53.68% of
commutes being in this class. This was followed by the less than 10 minutes travel time
class, which represented 31.75% of commutes.
Table 23 - Travel Time to Work in the Area
Travel Time Number Percent
Less than 10 minutes 462 31.75%
10 to 19 minutes 781 53.68%
20 to 29 minutes 93 6.39%
30 to 39 minutes 66 4.54%
40 to 59 minutes 35 2.41%
60 to 89 minutes 18 1.24%
90 or more minutes 0 0.00%
TOTAL: 1455 1.0001%
Source: American Community Survey 2016-2020 Five Year Estimates
Of commuting to work, the majority, 82.11%, drove alone, and another 10.80% carpooled.
Table 24 - Means of Transportation to Work in the Area
Means of Transportation Number Percent
Drove alone 1,239 82.11%
Carpooled 163 10.80%
Public transportation (includes
taxicab)
18 1.19%
Motorcycle 6 0.40%
Bicycle 0 0.00%
Walked 29 1.92%
Other means 0 0.00%
Worked at home 54 3.58%
TOTAL: 1,509 1%
Source: American Community Survey 2016-2020 Five Year Estimates
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D. Economic Conditions
1. Taxable Value of Property within the Area
The frozen base of the Area in FYE 2022 is $139,787,1706. Once the Amendment is
adopted, the frozen base is estimated to be $139,909,490.The increment in FYE 2022 is
$55,371,612.7
2. Building to Land Value Ratio
An analysis of property values can be used to evaluate the economic condition of real estate
investments in a given area. The relationship of a property’s improvement value (the value
of buildings and other improvements to the property) to its land value is generally an
accurate indicator of the condition of real estate investments. This relationship is referred to
as the “Improvement to Land Value Ratio," or “I:L.” The values used are real market values.
In urban renewal areas, the I:L is often used to measure the intensity of development or the
extent to which an area has achieved its short- and long-term development objectives.
Table 25 shows the improvement to land ratios (I:L) for properties within the Area. In the
Area, 254 parcels representing 36.90% of the acreage have I:L ratios less than 1.0. In other
words, the improvements on these properties are worth less than the land they sit on. A
reasonable I:L ratio for properties in the Area is 2.0. Only 242 of the 948 parcels in the Area,
totaling 16.47% of the acreage have I:L ratios of 2.0 or more in FYE 2022. In summary, the
area is underdeveloped and not contributing significantly to the tax base in Central Point.
Table 25 - Improvement to Land Ratios in the Area
Improvement to Land Ratio Parcels Acres Percent of Acres
Exempt 64 85.79 22.87%
No Improvement Value 78 88.83 23.68%
0.01-0.50 52 23.37 6.23%
0.51-1.00 124 26.23 6.99%
1.01-1.50 229 53.34 14.22%
1.51-2.00 159 35.80 9.54%
2.01-2.50 84 21.16 5.64%
2.51-3.00 63 16.05 4.28%
3.01-4.00 51 14.89 3.97%
> 4.00 44 9.68 2.58%
TOTAL: 948 375.15 100.00%
Source: Compiled by Tiberius Solutions LLC with data from the Jackson County Department of Assessment and Taxation (FYE
2022)
6 Jackson County Assessor Sal 4 e FY 2021-2022
7 Ibid.
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E. Impact on Municipal Services
The fiscal impact of tax increment financing on taxing districts that levy taxes within the Area
(affected taxing districts) is described in Section VIII of this Report. This subsection
discusses the fiscal impacts resulting from potential increases in demand for municipal
services.
The projects being considered in the Amendment for future use of urban renewal funding
are for facilitating transportation improvements to allow for better connections and for
recreation improvements. The use of tax increment allows the City to add an additional
funding source to the City of Central Point’s other funding sources to allow these projects to
be completed.
The financial impacts from tax increment collections will be countered by future economic
development, and, in the future, adding increases in assessed value to the tax base for all
taxing jurisdictions, including the City.
XI. REASONS FOR SELECTION OF EACH URBAN RENEWAL AREA IN THE
PLAN
The reason for selecting the Area is to provide the ability to fund projects and programs
necessary to cure blight within the Area. The outcome of implementing these projects is
anticipated to be an increase to the economic growth in Central Point by providing
infrastructure improvements inside the Area to assist with economic development.
XII. RELOCATION REPORT
When the CPDC acquires occupied property under the Plan, residential or commercial
occupants of such property shall be offered relocation assistance, as required under
applicable state law. Prior to such acquisition, the CPDC shall adopt rules and regulations,
as necessary, for the administration of relocation assistance. The CPDC will comply with all
applicable state law in providing these potential benefits.
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Packet Pg. 56 Attachment: 2_ Report on Plan Amendment 08 01 2022 (1569 : Open House Downtown & East Pine Street Corridor Revitalization Plan
What is happening now?
The Central Point Development Commission is
proposing to amend the Downtown and East Pine
Redevelopment Plan (Plan) to add property and projects.
This must be done in a specific way as directed by the
Plan. Properties are proposed to be added to the urban
renewal area to allow projects located on the properties
to benefit from the use of urban renewal funding. The
proposed projects are:
The Bear Creek Greenway Design and Improvements
project will improve the publicly owned lands adjacent to
the Bear Creek Greenway from E. Pine Street to the
Table Rock Overpass. The newly created park system
will balance passive and active areas, including walking
paths, benches, tables, pavilions/gazebos, playgrounds,
restrooms, bicycle improvements, and various
recreational areas/opportunities. It is anticipated that this
project will start in fiscal year 2025/2026.
The Beebe Road Extension and Bridge Extension project
will extend Beebe Road from its current intersection with
Gebhard Road to the west through Jackson County Expo
to connect with Penninger Road. Includes intersection
improvements at Penninger & Beebe Roads and Beebe
& Gebhard Roads. It is anticipated that this project will
start in fiscal year 2027/2028.
The Central Point Community Center was already a
project in the Plan, but the project has evolved over time
and Jackson County is participating in this project. The
project description has been updated to reflect this
partnership. This project will have multiple funding
sources, including urban renewal funds. It is anticipated
that this project will begin in FY 2024.
The proposed Amendment is not an increase in the
amount of money allocated to the Central Point
Development Commission.
How Does Tax Increment Financing Affect
Property Taxpayers?
Property taxpayers will not see an increase in property
taxes as a direct result of a new urban renewal area or
an amendment to an urban renewal plan. The allocation
of revenues received from a
property taxpayer’s payment is changed as a portion of
that payment would go to the new urban renewal area.
This is called “division of taxes” and is the administrative
way that assessors must calculate the urban renewal
revenue.
When an urban renewal area is adopted in a city, all
property taxpayers see a line item on the property tax bills
that shows a division of taxes for urban renewal. This is
a result of the property tax limitations in Oregon. Again,
this is not an increase in property taxes, merely a division
of taxes already paid. Since urban renewal already exists
in Central Point, all property owners in Central Point
already see this line item on their property tax bills. Again,
this does not mean that you pay additional taxes, but is a
division of taxes already paid.
What is Urban Renewal?
Urban renewal is a program authorized under state law
and implemented locally that allows for the concentrated
use of property tax revenues to upgrade certain
designated areas of a city. It is not a new tax or an
increase in taxes. These urban renewal areas are called
“blighted” by state statute and typically contain sections
of a city that are underdeveloped, have infrastructure
needs and are not contributing fully to the local economy.
How does Tax Increment Financing Work?
While urban renewal itself does not increase property tax
rates, it does function on the increases in property tax
revenues from year-to-year. An individual property tax-
payer’s property taxes may increase for two reasons,
one, the assessor can increase property values at a rate
of 3% per year and does so in most cases, and, two, if a
substantial renovation is completed on a property
resulting in increased assessed valuation.
When an urban renewal area is created, the property tax
revenue from that area is diverted into two revenue
streams. The first stream is what is called “the frozen
base”. The frozen base is the property tax revenue from
the total assessed value of the urban
renewal area from the year the urban renewal area was
formed.
The frozen base revenue stream continues to go to the
regular taxing jurisdictions, such as the city and the
county. The second revenue stream is any increase over
the frozen base which is called “the increment”. The
increment represents the basis for tax increment
financing and is any increase in property tax revenues
above the frozen base. The second revenue stream goes
to the urban renewal agency for use on projects,
programs, and administration.
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Packet Pg. 57 Attachment: FAQ v2 (1569 : Open House Downtown & East Pine Street Corridor Revitalization Plan Amendment)
Who Administers an Urban Renewal
Program?
The Central Point Development Commission
administers an urban renewal program in the downtown
and East Pine Street areas. This urban renewal plan
(Plan) was adopted in 2012.
The Central Point Development Commission board
members are the Mayor and City Council.
How Does Tax Increment Financing Affect
Overlapping Taxing Districts?
Taxing jurisdictions gain revenues through the collection
of property taxes. During the use of tax increment
financing, the permanent rate property taxes on the
growth in assessed value in the urban renewal area are
allocated to the Central Point Development Commission
and not the individual taxing districts. The taxing districts
are still able to
collect the property tax revenues from the assessed
value of the frozen base but increases in revenues are
allocated to the Urban Renewal Agency for use within the
urban renewal area. In many urban renewal areas, that
growth from new investment would not have occurred but
for the use of urban renewal which has stimulated the
growth.
The impact on schools and education service districts is
indirect, as they are funded through a state allocation
based on per pupil counts. Property taxes fund a portion
of the State School Fund, but not all of it. Once an urban
renewal area is terminated, there generally will be an
increase in property tax revenues to all taxing
jurisdictions. This increase of property tax revenue is a
result of the ability to concentrate funding in a specific
area, encouraging the area to develop properly.
How Can You Provide Input?
The Amendment schedule is:
Summer 2022 Online Open House
Summer 2022 Central Point Redevelopment
Commission Meeting
Summer 2022 Consult and Confer letters to taxing
districts
Fall 2022 Jackson County Briefing
Fall 2022 Planning Commission Meeting
Fall 2022 City Council Hearing
Fall 2022 City Council Vote
Fall 2022 County Commission Vote
Fall 2022 Effective Date of urban renewal plan if
adopted
You may also provide input by contacting:
City of Central Point Urban Renewal Executive Director
140 S. 3rd Street
Central Point, OR 97502
Updates on the Amendment will be posted to the City of
Central Point website
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