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HomeMy WebLinkAboutPlanning Commission Packet - December 6, 2011CENTRAL POINT CITY OF CENTRAL POINT PLANNING COMMISSION AGENDA December 6, 2011 - 6:00 p.m. Next Planning Commission Resolution No. 784 I. MEETING CALLED TO ORDER II. ROLL CALL Planning Commission: Connie Moczygemba, Chuck Piland, Pat Beck, Mike Oliver, Justin Hurley, Tim Schmeusser and Rick Samuelson III. CORRESPONDENCE IV. MINUTES Review and approval of September 6, 2011 Planning Commission Minutes V. PUBLIC APPEARANCES VI. BUSINESS VII. DISCUSSION per' I " 31 A. Downtown and East Pine Street Corridor Revitalization Plan, an Urban Renewal Plan for the City of Central Point a. Public Meeting to consider Urban Renewal Plan b. Planning Commission Recommendation to City Council VIII. ADMINISTRATIVE REVIEWS IX. MISCELLANEOUS A. Greater Bear Creek Valley Regional Plan Status X. ADJOURNMENT City of Central Point Planning Commission Minutes September 6, 2011 I. MEETING CALLED TO ORDER AT 6:00 P.M. II. ROLL CALL Commissioners Connie Moczygemba, Chuck Piland, Tim Schmeusser, Mike Oliver, and Rick Samuelson, Jr., were present. Justin Hurley and Pat Beck were absent. Also in attendance were: Tom Humphrey, Community Development Director; Don Burt, Planning Manager; Connie Clune, Community Planner; Stephanie Simonich, Planning Intern; and Didi Thomas, Planning Secretary. III. CORRESPONDENCE -None IV. MINUTES Tim Schmeusser made a motion to approve the minutes of the August 2, 2011 Planning Commission meeting as submitted. Chuck Piland seconded the motion. ROLL CALL: Piland, yes; Oliver, yes; Schmeusser, yes; and Samuelson, yes. Motion passed. V. PUBLIC APPEARANCES -None. VI. BUSINESS VII. DISCUSSION Re¢ional Problem Solvine Update Tom Humphrey, Community Development Director, presented revised amendments to Commissioners incorporating comments and thoughts expressed at the August 2, 2001 meeting. Mr. Humphrey presented background information and stated that four of the amendments had been modified. On Thursday night, September 8, 2011, the City Council will take the Planning Commission's recommendation under advisement and forward a resolution to the Jackson County Board of Commissioners. Amendments have been revised to clarify options on Amendment 8 and delete agricultural buffering; Amendment 14 has been amended to collaborate with irrigation districts at the conceptual plan stage; Amendment 18 -consider re-entering the Expo Planning Commission Minutes September 6, 2011 Page 2 grounds as an Urban Reserve area -revisit after 5 years; Amendment 20 -appropriate time to review Gibbon Acres would be at the time of the first periodic review. These are the four areas that we have received comments on. Larry Martin, a member of the Citizens Advisory Committee, was in the audience and came forward to urge the commission to strike the last line of the third paragraph of amendment 8 "this mechanism is allowed outright as a mid-term buffer and may be allowed as a long-term buffer." The standards and rules are the same for mid-term and long-term buffers, he explained, and the process would e much cleaner if taken out. Mr. Martin stated that he supported the changes to amendments 14, 18 and 20. Mr. Martin expressed his concern with wording contained in the planning resolution and felt that we need to make it a point to say that by approving g the amendments, w e are not condoning what other cities are doing. Tom Humphrey said that he would rewrite the clause in the resolution to reflect that the City of Central Point did not wish to comment on Urban Reserve Area amendments pertinent to the cities of Medford, Phoenix and Talent. Tim Schmeusser made a motion to approve Resolution 783 forwarding a favorable recommendation to the City Council to approve the Regional Plan with the amendments subject to modifications and comments as set forth in Exhibit B. Chuck Piland seconded the motion. ROLL CALL: Oliver, yes; Piland, yes; Schmeusser, yes; and Samuelson, yes. Motion passed. Agricultural Bufferine Standards Stephanie Simonich, Planning Intern, provided commissioners with an introduction to agricultural buffering standards that will need to be considered to reduce conflict between farming activities and urban development. Ms. Simonich explained the general application and applicability of buffers, Despite the difference in longevity of these buffers, they have the same standards and require the same amount of land for buffering against chemical spray drift, noise, sediment and storm water runoff, trespassing and vandalism, odor, dust, smoke and ash. The objectives and requirements were presented for each type of buffering was presented, followed by an explanation of the impact and cost involved. Urban Renewal Uadate Don Burt, Planning Manager, advised that there would be a joint meeting of the Planning Commission and City Council on September 19, 2011 to discuss boundaries for an urban renewal district and the fiscal impact involved with creating the district. Mr. Burt explained that the requirement for establishing the maximum indebtedness that the district could incur is required by state law. A list of projects has been created and the committee is looking at our cost, both present value and future value. Mr. Burt went on Planning Commission Minutes September 6, 2011 Page 3 to explain tax increment revenue would be the primary source of revenue funding urban renewal. Other sources would include grants, developer participation, system development charges, etc. Some of the projects, he said, were "pay as you go". Others would be funded by borrowing against a revenue source. VIII. ADMINISTRATIVE REVIEWS IX. MISCELLANEOUS X. ADJOURNMENT Mike Oliver made a motion to adjourn the meeting. Tim Schmeusser seconded the motion. Meeting was adjourned at 7:15 p.m. The foregoing minutes of the September 6, 2011 Planning Commission meeting were approved by the Planning Commission at its meeting on the day of 2011. Planning Commission Chair URBAN RENEWAL PLAN Planning Department ---- ---- STAFF REPORT Tom Humphrey,AICP, Community Developrnent Director/ STAFF REPORT December 6, 2011 AGENDA ITEM: File No. 12006 Consideration of Downtown and East Pine Street Corridor Revitalization Plan, an Urban Renewal Plan for the City of Central Point; Applicant: City of Central Point. STAFF SOURCE: Don Burt, Planning Manager MEETING OBJECTIVE: The objective of this meeting is to: 1. To consider the draft Urban Renewal Plan; and to 2. Forward, by resolution, a recommendation to the City Council. BACKGROUND: On November 2, 2011 the Central Point Development Commission directed staff to forward to the Planning Commission the draft Downtown and East Pine Street Corridor Revitalization Plan dated 11/2/11 for review and recommendation by the Planning Commission per ORS 457.085(4) and ORS 457.095. The Planning Commission has reviewed and discussed the Urban Renewal Plan at prior meetingsr and is familiar with the urban renewal concept and proposed draft. In summary the Urban Renewal Plan: 1. Covers an area of 446.30 acres, or approximately I5.5% of the total city area; 2. Includes fifteen (15) projects, with a maximum indebtedness limitation of $46,462,230; 3. Has a duration of 25 year, beginning in FY 2011-12 and ending in FY 2036-37; 4. Is financially feasible based on projected increases in the Urban Renewal Area's assessed value; the increases in assessed value are. based on the successful implementation of the proposed projects; 5. Will have a minimal impact on affected taxing districts during the duration of the Urban Renewal Plan, which will be significantly off-set upon conclusion of the Urban Renewal Plan; and 6. The Urban Renewal Plan is consistent with the City's Comprehensive Plan. Attachments "B" and "C" summarize the Urban Renewal Plan's financial feasibility and fiscal impact on affected taxing districts. r Planning Commission meetings of 6/7, 7/5, 8/2, and 9/6. Page 1 of 4 ISSUES: As the Planning Commission reviews the drafr Urban Renewal Plan specific attention should be given to: 1. Proposed boundary (Exhibit 2 of Plan); 2. Mission, Goals, and Objectives (Section 500 of Plan); 3. Proposed projects and Activities (Section 601 of Plan); 4. Duration of the Plan (Section 1300 of Plan); and 5. Financial Feasibility of Plan (Section 700 of Plan). The above represent the most substantial components of the Plan. Other sections are less policy and more administrative in nature. The Urban Renewal Plan is accompanied by a report (65 pages), and is referred to as Part 2 of the Urban Renewal Plan. The Report covers nine specific criteria that address the adequacy of an urban renewal plan. Staff will go over each of these nine criteria at the meeting. For those interested in reading the Report copies are available on the Planning Departments web site, or contact the Planning Department for a hard copy. EXHIBITS/ATTACHMENTS: Attachment "A" -Downtown and East Pine Street Corridor Revitalization Plan Attachment "B" -Financial Feasibility Pro Forma Attachment "C" -Fiscal Impacts on Affected Taxing Districts ACTION: 1. Discuss the draft Urban Renewal Plan and modify/accept; 2. If Urban Renewal Plan is acceptable move to approve resolution forwarding a favorable recommendation to the City Council. 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C w N b V H .'~. m a w 0 M U V r W U h w 0 v °~ a l~ DQq(~~ PLANNING COMMISSION RESOLUTION NO. A RESOLUTION FORWARDING A RECOMMENDATION TO THE CITY COUNCIL TO APPROVE THE DOWNTOWN AND EAST PINE STREET CORRIDOR REVITALIZATION PLAN, AN URBAN RENEWAL PLAN FOR THE CITY OF CENTRAL POINT WHEREAS, on December 6, 201 I the City of Central Point Planning Commission, as required by Urban Renewal Law, ORS 457.095, has reviewed the Downtown and East Pine Street Corridor Revitalization Plan, an urban renewal plan for the City of Central Point (Urban Renewal Plan); and WHEREAS, the Planning Commission on numerous occasions has reviewed and discussed the creation of an urban renewal district and the draft Urban Renewal Plan; and WHEREAS, the Planning Commission finds that the Urban Renewal Plan is consistent with the City's Strategic Plan and Comprehensive Plan, with regard to the need for revitalization of the City's downtown core; and WHEREAS, the Planning Commission finds that the Urban Renewal Plan adequately addresses all requirements set forth in ORS 457 for preparation of an urban renewal plan. NOW, THEREFORE, BE IT RESOLVED, that the City of Central Point Planning Commission by Resolution No. ,hereby forwards to the City Council a recommendation to approve the Urban Renewal Plan per attached Exhibit "A". PASSED by the Planning Commission and signed by me in authentication of its passage this 6'h day of December, 2011. Planning Commission Chair ATTEST: City Representative Approved by me this day of , 2011. Planning Commission Chair Planning Commission Resolution No. ATTACHMENT "A" DOWNTOWN & EAST PINE STREET CORRIDOR REVITALIZATION PLAN AN URBAN RENEWAL RROGI2gM OF THE CITY OF CENTRAL POINT, OREGON Prepared by the CENTRAL'-P.OIINT DEVELOPMENT COMMISSION 140 S. 3rd STREET Central Point, Oregon 97502 November 2, 2011 Draft Adopted by Ordinance No.: U TABLE OF CONTENTS PART I. THE EAST PINE STREET CORRIDOR REVITALIZATION PLAN ...........................................5 Section 100 Introduction ......................................................................................................................5 Section 200 City and Agency Relationship... Section 300 Definitions ................................ ......................................... 5 ......................................... 5 Section 400 Legal Boundary Description ................................................ ..............................................8 401. Written Description of Urban Renewal Area .............................. ..:.......:..:...............................8 402. Graphic Description of the Urban Renewal Area ........................ ....::.::.!:................................8 Section 500 MISSION STATEMENT, GOALS AND OBJECTIVES FOR THE DOWNTOWN AND EAST PINE STREET CORRIDOR REVITALIZATION PLAN ...................... .......:: ... ...... ........'. ...;..........12 501. Mission Statement ........................................................,::.......;..: ............................................12 502. Goals and Objectives ................................................................... .::.:.:.....................................12 503. Relationship to the Strategic Plan... ......:;: :.................. .....t :..............................13 504. Consistency with the Comprehensive Plan ...... .......:........... ............................................14 505. Compliance with the Land Development Code ........ ::. ............................................14 Section 600 URBAN RENEWAL ACTIVITIES:: ......... ........ ... ............................................14 601. Urban Renewal Projects and Activities ............ .....::............. ............................................14 602. Acquisition of Real Property ........:.:............................................. ............................................17 603. Procedures foP Identifyhg Property to:be Acquired ................... ............................................18 604. Property Acquisition for Ulspecified PuCposes .......................... ............................................19 605. Relocation Activities......: ..................................................... ............................................19 ,606. Property Disposition and Redeveloper Responsibilities ............. ............................................20 607. Owner Participation ......:.:........................................................... ............................................21 608. Administrative Activities and Services to the Board ................... ............................................21 609. Economic Incdntive Programs ....................:............................................................................22 Section 700 MAXIMUM INDEBTEDNESS AND FINANCING MAXIMUM AMOUNT OF INDEBTEDNESS 22 701. Self Liquidation of Costs of Urban Renewal Indebtedness (Tax Increment Financing)' ........22 702. Prior Indebtedness ..................................................................................................................23 703. Annual Budget .........................................................................................................................23 Section 800 Annual Financial Statement Required .............................................................................23 Section 900 Citizen Participation ........................................................................................................24 Section 1000 Non-Discrimination .........................................................................................................24 Page 2 of 26 9 Section 1100 Recording of Plan ........................................................................................ Section 1200 Procedures forAmendments to the Urban Renewal Plan .......................... 1201. Minor Changes ................................................................................................ 1202. Amendments to the Comprehensive Plan or any Implementing Ordinances 1203. Substantial Changes ....................................................................................... Section 1300 Duration and Validity of Approved Urban Renewal Plan ........................... .............24 .............24 .............25 .............25 .............25 .............26 Page 3 of 26 ACKNOWLEDGEMENTS CITY COUNCIL~CENTRAL POINT DEVELOPMENT COMMISSION BOARD OF DIRECTORS HANK W/LLIAMS, MAYOR BRUCE DINGLER, PRESIDENT ALLEN BRODERICK CAROL FISHER KELLY GEIGER _-ELL)E GEORGE KAY HARRISON,. CITY MANAGER: PHIL MESSINA STAFF COORDINATOR: CHRIS CLAYTON, ASSISTANT'C1TY MANAGER COMMUNITY DEVELOPMENT DIRECTOR: TOM HUMPHREY, AICP PLANNING MANAGER:. DON BURT, AICP, EDFP Page 4 of26 PART I. THE EAST PINE STREET CORRIDOR REVITALIZATION PLAN SECTION 100 INTRODUCTION The preparation of this urban renewal plan (the "Plan") was encouraged by a number of events, including the Great Recession of 2008, adoption of the Greater Bear Creek Valley Regional Plan, and Central Point Forward, Fair City 2020 -A City Wide Strategic Plan (the "Strategic Plan"). The objective of this Plan is to position the City's historic downtown and the East Pine Street corridor area for revitalization, redevelopment, and development as the City's primary high density-mixed-use urban core. The goals, projects and activities presented in this Plan are designed,to reinforce he City's commitment to the development of Central Point consistent with Central Point Forward, Fair City 2020- A City Wide Strategic Plan (the "Strategic Plan"), the City's Comprefiensiye Plan. The Urban Renewal Area is located entirely within the incorporated City of Central Point and consists of a single geographic area of 446.3 acres with a total 2011-12 taxable true cash yelue of X131,424,528. This Plan is presented in two parts- Part 1, The East Pine Street Corridor Revitalizatibn Program, and Part 2, The East Pine Street Corridor Revitalization Report. The Plan has been prepared by the Central Point Development Commission, an urban renewal agency for the City of Central Point, pursuant to the provisions of Chapter 457 of the Oregon Revised Statutes, the Oregon Constitution and all other applicable state and local laws. SECTION 200 CITY AND AGENCY RELATIONSHIP The City Council of the City of Central Point orrApril 14, 2011, by Ordinance Number 1950, declared that blighted areas exist within the City and that there is a need for an urban renewal agency to function within the City:.. The City Council, by the approval of Ordinance Number 1950, and in accordance with the provisions of ORS 457.045 (3), created the Central Point Development Commission, and appointed a Board of Directors consisting of the City Council Pursuant to ORS 457.035, the Central Point Development Commission is, "...a public body corporate and politic..." The relationship between the City of Central Poi@t, an Oregon Munitipal Corporation, and the Central Point Development Commission, a public body corporate and politic, shall be as contemplated by Chapter 457 of the Oregon Revised Statutes. Nothing contained in this' Plan, including the City's supplying of services or personnel, and the budgeting requirements of this Plan shall in any way be construed as departing from or disturbing the relationship contemplated by'Chapter 457 of the Oregon Revised Statutes. SECTION 300 DEFINITIONS As used in this Plan, unless the context requires otherwise, the following definitions shall apply: 1. AGENCY, the Central Point Development Commission which, in accordance with the provisions of Chapter 457 of the Oregon Revised Statutes is the urban renewal agency of the City of Central Point, Jackson County, Oregon. 2. AGENCY BOARD or COMMISSION, the Board of Directors of the Central Point Development Commission. Page 5 of 26 ]. U 3. AREA, the geographic area of the City that encompasses the Downtown and East Pine Street Corridor Revitalization Area, prepared in accordance with all applicable provisions of ORS Chapter 457. 4. BASE VALUE. The assessed value of the Urban Renewal Area at time of adoption of the Plan and as determined by the Jackson County Assessor's office. 5. BASE YEAR. The fiscal year that the Base Value was established. 6. BOARD OF COUNTY COMMISSIONERS, the governing body of Jackson County. 7. BLIGHTED AREAS, areas which by reason of deterioration, faulty planning, inadequate or improper facilities, deleterious land use or the existence. of unsafe structures, or any combination of these factors, are detrimental to he safety, health or welfare of the community. A blighted area is characterized by the existence of one or more of the following conditions: A. The existence of buildings and structures, used or infended to be used for living, commercial, industrial or other purposes, or any combination of those uses, Which are unfit or unsafe to occupy for those purposes because of any qne or a combination of the following conditions: i. Defective design and quality of physical construction; ` ii. Faulty interior arrangement and exterior Spacing; iii. Overcrowding and a high density of Population; iv. Inadequate provision foY Ventilation, light, sanitation, open spaces and recreation facilities; or v. .Obsolescence, deterioration, dilapidation, mixed character or shifting of uses; B. An economic dislocation, deterioration or disuse of property resulting from faulty planning; C. The division or subcliYision and sale of property or lots or irregular form and shape and inadequate size or dimensions forproperty usefulness and development; D. The layout of property orlots in disregard of contours, drainage and other physical characteristics ofthe terrain and surrounding conditions; E. The existence of inadequate streets and other rights-of-way, open spaces and utilities; F. The existence ofproperty or lots or other areas which are subject to inundation by water; G: A prevalence of depreciated values, impaired investments and social and economic maladjustments to such an extent that the capacity to pay taxes is reduced and tax receipts are inadequate for the cost of public services rendered; H. A growing or total lack of proper utilization of areas, resulting in a stagnant and unproductive condition of land potentially useful and valuable for contributing to the public health, safety and welfare; or I. A loss of population and reduction of proper utilization of the area that causes further deterioration and added costs to the taxpayer for the creation of new public facilities and services elsewhere. Page 6 of 26 ~. 8. CITY, the City of Central Point, Jackson County, Oregon. 9. DOWNTOWN, as used in this Plan, means that geographic area of the City of Central Point, which is included in the Downtown Revitalization Area -- an urban renewal area --and which is more fully described in Section 300 and Exhibits 1 and 2 of this Plan. 10. CITY COUNCIL or COUNCIL, the governing body of the City of Central Point. 11. COMPREHENSIVE PLAN, the Comprehensive Plan of the City of Central Point including all of its policies, procedures and implementing provisions. 12. COUNTY, Jackson County, Oregon. 13. EXHIBIT, an attachment, either narrative or graphic, to this'Urbah Renewal Plan. 14. ORS, Oregon Revised Statutes (State Law). ORS 457 is the chapterwhich regulates the renewal of blighted areas within the State of Oregon:. 15. PLAN, the Downtown and East Pine Street Corridor Revitalization Plan, an Urban Renewal Plan of the City of Central Point, Oregon. 16. PROGRAM, Part 1 of the Plan. 17. REDEVELOPER, a party who acquires real property from the Central Point'Development Commission for the purposes of developing,pr redeveloping such property in conformity with the provision of the Plan. 18. REVITALIZATION PLAN, the Downtown and East Pine Street Corridor Revitalization Plan, an Urban Renewal Plan of the City of Central Point, 19. STATE, the State of Oregon, including its various departments, divisions and agencies. 20. TAX INCREMENT FINANCING, a method of financing indebtedness incurred by the Board of Directors of the Central Point Development Commission in preparing and implementing the Plan. Such tax increment method js authorized by ORS Sections 457.420 through 457.450 and, provides that the t?X proceeds, if any, realized from an increase in the taxable assessed value of real and personal pYOperty within the Revitalization Area above that existing on the County tax roll last equalized',;prior to'the effective date of the Central Point City Council Ordinance approving the Urban Renewal Plan shall be paid into a special fund of the Agency's Commission of Directors. Such special fund shall be used to pay the principal and interest pn indebtedness incurred by the Commission in financing or refinancing the preparatipcrcand implementation of the approved Urban Renewal Plan including the administration of the Commission's activities. 21. TAXING BODY the City of Central Point, Jackson County, Jackson County Education Service District, Jackson County Vector Control, Jackson County Soil Conservation, Rogue Valley Transit District, Rogue Community College, Fire District No. 3, and Central Point School District No. 6, each of which levies ad valorem taxes within the boundaries of the Urban Renewal Area. 22. URBAN RENEWAL AREA, the geographic area of the City that encompasses the Downtown and East Pine Street Corridor Revitalization Area, an urban renewal district prepared in accordance with all applicable provisions of ORS Chapter 457. i R~ ~(, /d Page 7 oF26 23. URBAN RENEWAL LAW, Chapter 457 of the Oregon Revised Statutes as it exists on the effective date of this Urban Renewal Plan or as it may be amended from time-to-time by action of the Oregon Legislature. 24. URBAN RENEWAL PLAN, the Plan for the Downtown and East Pine Street Corridor Revitalization Plan -An Urban Renewal Plan for the City of Central Point, Oregon. SECTION 400 LEGAL BOUNDARY DESCRIPTION The Urban Renewal Area contains 446.3 acres, accounting for 15.5% of the City's total acreage. The legal description and illustration of the boundary of the Urban Renewal Area is described as follows: 401. WRITTEN DESCRIPTION OF URBAN RENEWAL AREA __ A written narrative of the Urban Renewal Plan Area is presented as Exhibit 1,;a Narrative Description of Urban Renewal Area. 402. GRAPHIC DESCRIPTION OF THE URBAN RENEWAL AREA A map of the Urban Renewal Area is presented in Exhibit 2, a graphc,(Map) illustration of the Urban Renewal Area. Page 8 of 26 z EXHIBIT 1 - !Narrative fJescription of Urban Renewal Area Property Desexiption Central Point Urban Renewal District Beghming at [he northwest corner of DLC 56, Township 37 South, Range 2 West of the Willamette Meridian, Jackson County, Oregon; thence South, to the center line of Pine Street; thence East, along said center line of Pine Street to a point, said point being on the southeasterly extension of the west line ofthe nett described in Instmment No 2005-34521 recorded in the Official Records of Jackson Cotmty, Oregon; thence North, along said southeasterly extension and the west boundary of said tract to the northwest corner thereof; thence East, along the north boundary and [he extension thereof to the east right of way line of Hamrick Road; thence South, along said east right of way line of Hamrick Road to a point, said point beams East of a 3/4 inch iron pipe marking the northeast comer of the tract described in Instrument No 2011-16446 recorded in said Official Records acrd mapped as Assessor's Map No 372W01C3300 dated January 19, 201 I; thence West, to said pipe; thence continuing West, along the north line of said hact to the northwest comer thereof; thence South, along the West line of said tract to the southwestcoruerthareof; thence East, along the south line of said tract and the extension of said south line to the east right of wayline of Hamrick Road; thence South, aloug said east right of way line and the extension thereof to the south right of way line of Hatraick Road; thence West, along the south right of way line and the south line of that tmet mapped as Assessor's Map No 372W02D2000 dated January 26, 2011, to the east line of drat tract mapped as Assessor's Map No 372W02D2001, dated January 19, 2011; thence South, along said east line to the southeast corner thereof; thence West, along the south boundary of said tract to the northeast corner of the tract described in Instrument No 00-38500 recorded in said Official Records; thence South, along said east line to the easterly right of way line of Interstate 5 Freeway; thence Northwesterly, along said easterly right of way line to the south boundary ofthe parcel described in Inshument No 03-20781 recorded in said Official Records; thence East, along said south boundary to the west right of way line of Peninger Road; thence North, along said west right of way line of said Perringer Road to the south right of way line of said Pine Street; thence West, along said south right of way line, to the intersection of the west right of way line of said Interstate; thence South along said west right of way line to the north boundary of Mountain View Plaza Subdivision, according to the official plat thereof, now of recm'd; thence. West, along said north boundary to the west right of wayline of Freeman Road; thence South, along said east right of way line and the east right of way of Freeman Road and the southerly extension of said right of way to the south right of way line of Hopkins Road; thence West, along said south right of way line of Hopkins Road, to the northwest corner of Homestead Park Unit 1, according to the official plat thereof, now of record; thence South, along the west boundmy of said Homestead Park to the north line of Homestead Park Unit 2, according to the official plan thereof, now of record; thence West, along the north line of said Unit 2, to the westerly boundary of said Unit 2 and the east right of way line of First Street; thence Southeasterly along said westerly boundary to the southerly right of way lineof Cupp Drive; thence Southwesterly along the southerly right of way line and the extension thereof to the westerly right of way line of Pacific Highway 99 also known as Front Street also the emnmon boundary of Central Oregon and Pacific Railroad easterly right of way; thence Northwesterly along the easterly right of way line of said Railroad to a point, said point bears northeasterly at right angles from the nor4lreast corner of Parcel 1 of Partition Plat No P-72-2007,. according to the official plat thereof, now of record; thence Page 9 of 26 1 ~~ Southwesterly to said northeast comer of said Parcel I; thence Southwesterly along the north boundary of said Paz~cel I, also being the south. right of way line of Ash Street, to the east right of way line of Haskell Street; theneeNorthwesterly, along said east right of way line to the southerly most emner of Lot 1 of Twin Creeks Crossing, Phase I, according to the official plat thereof, now of record; thence northerly along the easterly boundary of said Lot 1 to the trflct described in Inshvment No 2008-31124 recorded in said Official Records; thence Northerly along the westerly boundary of said tract to the north line of said Lot 1; thence Westerly along said north boundary to the southwest corner to Lot 3 of said Twin Creeks Crossing Phase I; thence Northerly along the west boundary of said Lo[ 3 and the extension thereof to the southwest comer to Lot 35 of said Phase I; thence Northwesterly almrg said Lot 35 to the northwest corner thereof; thence Northeasterly along the north boundary of Lot 35 and 36 of said Phase I and the extension thereof to the easterly right of way line of said Pacific Highway 99; thence Southeasterly along said right of way line to the westerly corner of the tract described hr Instrument No 2UU9-46561 recorded in said Official Records; thence Northeasterly along the north boundary of said tract to the northeast corner; theuce South along the east boundary of said tract to said easterly right of way line of said Highway; thence Southeasterly along saidright of way line to the south boundary of the tract mapped as Assessor's Map No 372W03DB100 dated July 2, 2009; thence East along said south boundary [o fire west right of way line of Third Street; thence North along said west right of way line to a point,. said point being at the intersection of the southwesterly extension of the northerly right of way line of Hazel Street; thence Northeasterly along said extension and along said northerly right of way and the extension thereof to the easterly riglrt of way of North Tenth Street; thence Southeasterly, Along said easterly right of way to the southwest corner of Parcel 2 of Paztition Plat No p-30-2008 according to the official plat thereof, now of record; thence Easterly alongthe south boundary of said Parcel 2 to a point, said point being at the intersection of the southwesterly extension of the north boundary of those tracts described in Instrument No 2009-27358 recorded in said Official Records; thence Northeasterly along said extension and said north boundary to the northeast comer thereof; thence South along the easterly boundary of said treats to the southeast corner thereof; thence Southwesterly along the southerly boundazy of said tracts to the Point of Beginning. Prepared by: Herbert A Farber Farber Bc Sons, Inc. d.b.a., Farber Surveying 431 Oak Street Central Point, Oregon 97502 -541-664-5599 Date: November 13, 201 I AEGISTEAHD PROFE$$IONAL LA/N~D~,_S__U~Tt~~VEYOR i / v~ ~ut,Y 24,1686 HERBERT A. i" ARBER 2186 2ENEWAI. DATE 12.31.11 ~~ Page 10 of 26 EXHIBIT 2 -Graphic Description of Urban Renewal Area Exhib(t 2 Central Point Urban Renewaleoundary Page 11 of 26 l SECTION 500 MISSION STATEMENT, GOALS AND OBJECTIVES FOR THE DOWNTOWN AND EAST PINE STREET CORRIDOR REVITALIZATION PLAN. 501. MISSION STATEMENT It is the mission of the Central Point Development Commission to eliminate blight and depreciating property values within the urban renewal district. This will be accomplished through the preparation and implementation of an urban renewal program that maximizes both public and private investments that target, facilitate and strengthen the economic and aesthetic vitality of the Urban Renewal Area as the City's traditional mixed-use-urban core. 502. GOALS AND OBJECTIVES To accomplish its mission the Development Commission will develop and implement an urban renewal program known as the Downtown and East Pine Street Corridor Revitalization Plan, the goals and objectives of which are to: A. Resolve the problems created by existing blighted conditions in the Area so that unused and underused properties canbe;placed in productive condition and utilized at their highest and best use in accordance with the City of Central Point Comprehensive Plan. B. Provide programs for the development, redevelopment, and rehabilitation of property in the Area in waysithat will: i. Re-enforce the pedestrian and mixed-Use character of the downtown, and insure a more attractive, functional`and economically viable urban core consistent with the goals and objectives of the Greater Bear Creek Valley Regional Plan; ii. Encourage job creation through the expansion of existing businesses and the development of new businesses within the Urban Renewal Area; iii. Increase property values so that the Urban Renewal Area will contribute its fair share'to'the costs of public services provided by the City and other affected taxing districts; and iv. Conserve and place into productive use historically significant places and ..properties. C. Respond to the needs and the concerns of all people of the City of Central Point with respect to revitalization of the Area as expressed in the City's strategic plan Central Point Forward, Fair City Vision 2020 and the City of Central Point Comprehensive Plan. D. Encourage the maximum amount of public involvement and citizen's participation in the formation and implementation of the Urban Renewal Plan by: i. Explaining and discussing the details of the Urban Renewal process: a.To the public at town hall type gatherings; Page 12 of 26 1~ b.To invite special interest groups, public service organizations, public bodies and the general public to Commission meetings; c.To include urban renewal activities and updates in the City's periodic newsletters; and d.To cooperate with the news media to discuss the Urban Renewal Plan and process. ii. Meeting with the nine affected taxing bodies to explain the long-term benefits of the Urban Renewal program and its relationship to their fiscal concerns, and iii. Being available to discuss the details ofthe Urbap Renewal Plan with service, professional, fraternal and labor organizations. E. To provide an adequate amount of properly located off-street parking in the downtown area including a plan and program to effectively pay for; manage, and maintain such parking; F. To create positive linkages among the five sub < Downtown, Hwy. 99 Corridor, Northside Neighl and East Pine Street Area; G. To cooperate and coordinate with the Rogue V. improve transportation services in the Urban 13~ H. To develop, and implement, a pfah for the undE utilities that are located in areas of maximump Urban Renewal Area; the uthside' Neighborhood, in their efforts to >wal Area; rounding of present overhead estrian activity; I. To cooperate and coordinate with the program to improve Bear Creek and the Bear Creek Greenway and to recognize the positive values and benefits that these improvements will have on the revitalization of the Urban Renewal Area. J: To improve the visual appearance, capacity and traffic flow of East Pine Street and other streets within he Urban Renewal Area that carry the major share of vehicular and pedestrian traffic; K. To cooperate with property owners in the rehabilitation of their buildings and property; L. To install coordinated street furniture, night lighting and landscaping within the DpWrltown Core Area in areas of maximum pedestrian concentration; M. To assure; through the construction/installation, or replacement that publicly ownei] utilities such as water, storm drains, and sanitary sewers, are adequate in capacity to service the needs of all uses within the urban renewal district; and N. To leverage the Agency's financial resources to the maximum extent possible with other public and private investment and other public and private funding sources. 503. RELATIONSHIP TO THE STRATEGIC PLAN Page 13 of 26 ~~ This Plan is intended to further the objectives of the City's strategic planning goals, strategies and actions as set forth in Central Point Forward, Fair City Vision 202018 as it exists on the effective date of this Urban Renewal Plan, or as it may be amended from time to time, and is hereby incorporated by reference as if it were included in full. 504. 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, or as it may be amended from time to time, and is hereby incorporated by reference as if it were included in full. 505. COMPLIANCE WITH THE LAND DEVELOPMENT CODE The use and development of all land within the Urban Renewal Area shall comply with the City's Land Development Code and all other, codes, policies, regulations including the "Downtown Revitalization Plan",and all other applicable Federal State,: and County regulations, as they exist on the effective date of this Urban Renewal Plan or as they may bs amended from time to time, are incorporated hereby by reference as if they were included in full: SECTION 600 URBAN RENEWAL AGTIULTIES To achieve the goals and objectives of this Plan the following activities may be undertaken by the 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 Commission's responsibility for all activities identified in the Plan issubject to the availability of appropriate funding. 601. URBAN RENEWAL PROJECTS AND ACTIVITIES A. The following projects and activitiesare deemed necessary to: i. Eliminate blighting conditions and influences; ii. Reverse presently depreciating property values; iii. Make the Area attractive for the stabilization, expansion, rehabilitation or redevelopment of existing businesses, industries and housing; iv. ! Create a physical, visual and economic environment that will attract new, job producing development of the Area's vacant land; and to v. Further the objectives of the Urban Renewal Plan as set forth in Section 500. B. All public improvements herein proposed shall be constructed in conformance with the approved standards and policies of the City of Central Point. 18 City Council Resolution No. 1143 q / ~ Page 14 of 26 1 J' C. With funds available to it, the Central Point Development Commission may fund in full, in part, a proportionate share of, or cause to be funded, the following numbered projects and activities: 1. DOWNTOWN AREA STREETSCAPE IMPROVEMENTS. Within Downtown Core Area (Appendix, Figure 2) improve streetscapes on the primary pedestrian streets. Streetscape improvements may include curb and gutter, sidewalks, crosswalks, street trees, tree grates, street lights, plazas, gateways, and street furniture. All Streetscape improvements shall be constructed in accordance with an approved Streetscape master plan for the area illustrated in Figure 1. EAST PINE STREET IMPROVEMENTS`. Improve the Streetscape along that section of East Pine Street between the Downtown Area ahd Hamrick Road. Streetscape improvements may include Curb and gutter, sidewalks, crosswalks, street trees, tree grates, street lights, plazas; gateways, portal sigflage on I-5, and street furniture. All Streetscape improvements shall be constructed in - accordance with an approved Streetscape master plan East Pine Street. 3. NEIGHBORHOOD SIDEWALKS AND STREET IIGHTIlVG. Install sidewalks on residential streets in the Northside and Southside Neighborhoods illustrated in (Report, Figure 1). All sidewalk improvements shall be made in accordance with city sidewalk standards and may include street lighting, and street trees. 4. HWY. 99 CORRH)OR IMPROVEMENTS. Improve Hwy. 99 (Front Street) Streetscape from the proposed Twin Creeks railroad crossing south to Bush Street. Streetscape improvements may include curb and gutter, sidewalks, street trees, tree grates, street lights, plazas, gateways, cross-walks and street furhiture.:All streetscape;mprovements shall be made in accordance with an approved Streetscape master-.plan for the area. 5. INTERSECTION SIGNALIZATION. Install/upgrade/modify traffic signals at the following'intersection a. Twin Creeks RR-Xing. Install new signalized intersection at Hwy. 99 and Twin Creeks Dr. and new railroad crossing at Twin Creeks Dr. Improvements shall include, but not be limited to easement acquisition, curband gutter, street surface improvement, railroad crossing signalization, Hwy. 99 signalization, sidewalks, street lights, and landscaping; b. Downtown Core Area Signals, add new signals and modify others within the Downtown Core Area as per the approved East Pine Street Corridor Refinement Plan; a. Hwy. 99 and Fire District 3 Station, to improve the safety of emergency vehicle egress install an emergency signal on Hwy. 99; b. Pine St. and Peninger, modify existing signal in accordance with Interchange Access Management Plan 33; Page 15 of 26 V c. Pine St. and Gebhard Extension add new signals at future intersection of Gebhard Rd. and E. Pine Street. 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. 7. UNDERGROUND EXISTING POLE MOUNTED UTILITY SYSTEMS. Within the Downtown Core Area, and along Hwy: 99 underground existing overhead utilities in accordance with an approved comprehensive underground utility plan. 8. GEBHARD ROAD EXTENSION TO COLLECTOR.STREET STANDARDS. Extension of Gebard Road to local collector street standards from the northerly limits of the UrbamRenewalArea to East Pine'Street. 9. PFAFF PARK RENOVATION. Renovate Pfaff Park including new landscaping, restroom facilities, playground equipment, and fighting. 10. FREEMAN ROAD UPGRADE TO COLLECTOR STREET STANDARDS. Between Oak St. and Hopkins Rd. rebuild Freeman Rd. to collector street standards, including curb, gutter, sidewalks, street lights, traffic control devices, and street trees. 11. PENINGERROAD SOUTHERLY EXTENSION. Extend Peninger Road south across Bear Greek Road 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''6tS a transportation analysis prior to commencement of construction. '. 12. MISCELLANEOUS PUBLIC WORKS. Throughout the life of this Urban Renewal Program, the Commission, consistent with their priorities and financial resources, may assume the costs, or share of the costs, of engineering and constructing public works projects within the Urban Renewal Area to further the objectives of this Urban Renewal Plan. Such projects may include the installation or reconstruction of the following: a. Storm Drains b. Sanitary Sewers c. Water Mains and Fire Hydrants d. Curbs or Curbs and Gutters e. Sidewalks, including Irrigated Tree Plantings Page 16 of 26 f Street Work g. Alley Paving 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. 14. FIRE SAFETY. New Fire equipment to service growth within Urban Renewal Area. The Commission will coordinate and enter into a written agreement with Fire District No.3 regarding the timing of implementation of this project. 15. ECONOMIC DEVELOPMENT INCENTIVE PROGRAMd!The Commission __ may establish incentive programs to encourage commercial and: residential development within the Urban Renewal Area. Tfie economic incentive programs may be in the form of grants, or loans. Prior to the establishment of any economic incentive program the Commission shall'piepare and adopt an economic development incentive program defining: a. Criteria for eligibility; b. Terms and conditions of the grogram; c. Loan procedures for recycling the funds as loan obligations are paid; d. Procedures where loan payments are not paid or paid in an untimely manner> e. Procedures and'conditions for which deferred payment loans may be offered; f. Procedures for administering and servicing the program; and g. Stich other procedures and conditions which the Commission deems necessary. 602. ACQUISITION OF REAL PROPERTY A. INTENT It is the intent of this Plan to authorize the Commission of the Urban Renewal Agency to acquire property within the Urban Renewal Area by any legal means to achieve the objectives of this Plan, and specifically, for any of the purposes listed in Subsection 900(6). B. PURPOSE OF PROPERTY ACQUISITIONS. Page 17 of26 ~i N Property acquisition, including limited interest acquisition is hereby made a part of this Plan and may be used by the Commission to achieve the objectives of this Plan based on any one of the following criteria: 1. Where existing conditions do not permit practical or feasible rehabilitation pf a structure, by its owner, and it is determined by the Commission that acquisition of such properties and demolition or rehabilitation of the improvements thereon are necessary to remove substandard and blighting conditions; 2. Where detrimental land uses or conditions such as incompatible uses, or adverse influences from noise, smoke or fumes exist, or where there exists over- crowding, excessive dwelling unit density or conversions to incompatible types of uses, and it is determined by the Commission thatacquisition of such properties and the rehabilitation or demolition of the improvements are necessary to remove blighting influences;: 3. Where it is determined by the Commission'thattke property is needed o provide public improvements and facilitiesaS follows: i. Right-of-way acquisition for; streets, alleys'ksicycle paths, or pedestrian ways (sidewalks). ii. Facilities for the benefifof the public which are to be developed by the Commission, the City, or any otherpublic,entity; iii. Property acquisition for public, off-street parking facilities; or iv. Where the owner of real property within the boundaries of the Urban Renewal Area wishes to convey title of such property by legal means, includirt~ bv!eift. u. .Where it is determined by the Commission that a substantial public interest or the objectives of this Plan can be furthered by assembling property for development or redevelopment by a party other then the owners of record of such property, the Commission may acquire such property. C. RROPERTY WHICH MAY BE ACQUIRED. time of adoption of this Plan no properties have been designated for acquisition. ingr amendment, and as part of an existing project, the Commission may ate property to be acquired subject to compliance with Section 901. 603. PROCEDURES FOR IDENTIFYING PROPERTY TO BE ACQUIRED Project activities listed in Section 800 may require acquisition of property not identified by the Commission as of the effective date of this Plan. However, should such action be required by the Commission, the following procedures shall be undertaken prior to such property acquisition: A. First the Commission shall determine the properties which may be acquired. B. The Commission, or its designated representative, shall then contact the owner or owners of both properties at the address shown on the most current tax roll to inform Page 18 of 26 ~e ~~ r~ the owners of the Commission's interest in acquiring their property and the reasons for such interest. C. The Commission, at a regularly scheduled meeting, shall discuss the results of the contact with the owner of the affected property and determine whether or not to proceed with the acquisition process. D. If it is in the Commission's determination to proceed with the acquisition process, they shall set a time and place for a public hearing on the matter. The owners of the property which may be acquired shall be notified of such public hearing by registered mail, return receipt requested. E. At the public hearing, the Commission shall explain the public purpose, public interest or the plan objectives that would be furthered by such property`acquisition. The Commission shall then receive comment from the affected property owner, if any, and from the public at large. F. After the owners and public have been heard, their comments shall be considered by the Commission. The Commission, by resolutionshallthm make a finding, based on the reasons for the acquisition, the content of the owners and public testimony whether or .not to proceed with the acquisition. G. If the Commission's finding and determination is"to proceed with the acquisition process, the Commission, by resolution, shall cause a_minor change to this Plan to be prepared in conformance with SectioD3201. Such'change shall consist of a map or maps and a legal descriptiornof the property to be acquired including a copy of the Commission's finding described"in subsection "F" above. The change shall be assigned an appropriate exhibit number and incorporated as part of this Urban Renewal Plan. H. The 604. <$ROPERTY AC If property acquisition, considered by the Com amendment within the 605. calf therr,proceed with the acquisition process. FOR UNSPECIFIED PURPOSES for the projects or activities identified in Section 800, is ch property acquisition shall be treated as a minor f Section 1203. ACTIVITIES If in the implementation of this Plan, persons or businesses should be displaced by action of the Commission, the Commission shall provide assistance to such persons or businesses to be displaced. Displaced persons or businesses will be contacted to determine their individual relocation needs. They will be provided information on available space and will be given assistance in moving. All relocation activities will be undertaken and relocation payments made in accordance with the requirements of ORS 281.045 - 281.105. Payments made to persons displaced from dwellings will be assured that they will have available to them habitable, safe, and sanitary dwellings at costs or rents within their financial reach. Payment for moving expense will be made to occupants displaced. Prior to the Commission acquiring any property which will cause households, businesses, industries, offices or other occupants to be displaced, the Commission will prepare, adopt and maintain a Relocation Policy, an outline of which is set forth herein as Exhibit "3" of Part 2. Such Page 19 of 26 (.~ policy will be available to interested parties at the Agency's office and will set forth the relocation program and procedures, including eligibility for and amounts of relocation payments, services available and other relevant matters. 606. PROPERTY DISPOSITION AND REDEVELOPER RESPONSIBILITIES A. PROPERTY DISPOSITION. The Commission is authorized to dispose of, sell, lease, exchange, subdivide, transfer, assign, pledge or encumber by mortgage, deed of trust, or otherwise any interest in real property which has been acquired by them in accordance with the provisions of this Plan and with the terms and conditions set forth in a Disposition and Development Agreement or other legal instrument as determined by the Commission. ; Ali real property acquired by the Commission in the Urban Renewal Area, if any, shall be used or disposed of for development consistent with the goals and objectives and land use designations permitted in this Plan. The Commissioh shall obtain fair re-use value for the specific uses to be permitted on the real property. Real property acquired by the Commission may be disposed of without consideration (cost) to any other public entity in accordance with this Plan. All persons and entities obtajnig property from the Commission shall use the property for the purposes consistent with the goals and objectives designated in Section 402 of:this Pian; and shall commence and complete development of the property within a period of timEr which the Commission fixes as reasonable, and shall comply with other conditions whichjthe Commission deems necessary to carry out the goals and objectives of this Plah as stated in Section 402. Real property shall not be disposed of for the purpose of speculation. The Commission shall provide adequate safeguards to ensure that the provisions of this Plan will be carried out to prevent the recurrence of blight. All real property owned or leased by:;parties, hall be made subject to the provisions, and the goals and objectives, of this Plan. Leases; deeds, contracts, agreements, documents and declarations of restrictions by the Commission may contain restrictions, covenants, covenants running with the land, rights or reverter, conditions precedent or subsequent, equitable servitudes, or any other provisions necessary to carry out this Plan. Any redeveloper and his/her successors or assigns within the Urban Renewal Area, in addition o the other controls and obligations stipulated and required of the Redeveloper by the provisions of this Plan, shall also be obligated by the following requirements:` 1. The Redeveloper shall obtain necessary approvals of proposed developments from all Federal, State and/or local agencies that may have jurisdiction on properties and facilities to be developed or redeveloped within the Urban Renewal Area; 2. The Redeveloper shall develop or redevelop such property in accordance with the land-use provisions and other requirements specified in this Plan; 3. The Redeveloper shall submit all plans and specifications for construction of improvements on the land to the Commission or such of its agents as the Commission may designate for review prior to distribution to appropriate reviewing bodies as required by the City. Page 20 of 26 ~J 4. The Redeveloper shall commence and complete the development of such property for the use provided in this Plan within a reasonable period of time as determined by the Commission; 5. The Redeveloper shall not effect or execute any agreement, lease, conveyance, or other instrument whereby the real property or part thereof is restricted upon the basis of age, race, color, religion, sex, marital status, or national origin in the sale, lease or occupancy thereof; 6. The Redeveloper shall accept all conditions and agreements as may be required by the Commission. In return for receiving assistance from the Commission, if any, the Commission may required the redeveloper to execute a development agreement acceptable to the Commission as a condition of lie Commission providing assistance; and 7. The Redeveloper shall maintain property under his/her ownership within the area in a clean, neat and safe condition. 607. OWNER PARTICIPATION Property owners within the Urban Renewal Area proposing to improve their,propertiesana receiving financial and/or technical assistance from the'Commission shall do so in accordance with all applicable provisions of this Plan and with all applicable codes, ordinances, policies, plans and procedures of the City. 608. ADMINISTRATIVE ACTIVITIES AND SERVICES TO THE BOARD A. The Board may hire its own Staff or it may obtain its administrative support staff from the City on such terms and conditions as the Board and the City may agree. The costs of Agency staffing shall be agreed to annually by the City and made a part of the annual budget proposal of Fie Board. B The Board may retain and budget for the services of independent professionals, and or firms for services necessary to implement the projects and activities of the Plan. These ....services may includes, biat are not limited to: i. Legal Counsel, ihcluding bond counsel; ii. Professionalstudiestor marketing, economic feasibility; iii. Preparation of design, architectural, engineering, landscape, or other plans related to the study and planning; iv. Preparation of construction plans and documents; v. Accounting and/or auditing services; vi. Licensed real estate professionals for real property appraisals, acquisition, disposition, or negotiating services; and vii. Professional services related to bond issuance and financing. C. The Board may prepare and adopt design standards, guidelines and implementation procedures as necessary to compliance with the goals and objectives of the Plan and any supporting plans. Page 21 of 26 ~~ D. The Board may invest its reserve funds in interest bearing accounts or securities consistent with the provisions of City, State, and Federal law. E. The Board may borrow money, accept advances, loans or grants from any legal source, issue urban renewal bonds, and receive tax increment proceeds as provided for in Section X00 of this Plan. Regardless of the form of borrowing of funds, the approval of such borrowing shall comply with the provisions of the Board's adopted Rules of Procedures and all applicable legal requirements. F. Without limiting any other provision, power or authorization of this Plan, the Agency's Board shall have all of the powers and responsibilities allowed under the provisions of ORS 457. 609. ECONOMIC INCENTIVE PROGRAMS Subject to compliance with Section 600(15) SECTION 700 MAXIMUM INDEBTEDNE$S'AND FINANCING MAXIMUM AMOUNT OF INDEBTEDNESS In accordance with ORS 457.190(3)(c)(A) the initial maximum, amount of indebtedness that may be incurred throughout the duration of this Plan, commencing with fiscal year 2012-13 through fiscal year 2036-2037, is $46,462,23019. The initial maximum indebtedness shall be increased each year in accordance with Section xxx of the Report, ENR Index for adjusting'project cost estimates20. The Directors of the Urban Renewal Agency may borrow money and accept advances, grants and any other legal form of financial assistance from the federal govgrnment, State, City, County, or other public body, or from any legal source, public or private, for purposes of undertaking and carrying out this Plan, or may otherwise obtain financing as authorized by ORS Chapter 457. 701. dSELF LIQUIDATION"OF COSTS OF URBAN RENEWAL INDEBTEDNESS (TAX WCREMENTFINANCING~ The projects may be financed, in';whole or in part, by self-liquidation of the costs of urban renewal activities as provided in ORS 457.420 through 457.460. The ad valorem taxes, levied by a taxing body upon the taxable real and personal property situated in the Urban Renewal Area, shall be divided as provided in ORS 457.440. That portion of the taxes representing the levy against the incrfase, in the assessed value of property located in the urban renewal areas, or part thereof, over the assessed value specified in the certificate filed under ORS 457.430, shall, after collection by the tax collector, be paid into a special fund of the Directors of the Urban Renewal Agency and shall be used to pay the principal and interest on any indebtedness incurred by the Directors to finance or refinance this Plan and any projects or activities authorized and undertaken pursuant to the provisions of this Plan. 19 Measured in terms of 2011 dollars 1° ORS 457.190(4)(d) Page 22 of 26 cl Ytl ~d The tax increment financing process, pursuant to ORS 457.420 through 457.460, shall be terminated no later than Fiscal Year 2036-37. However, the tax increment collection process may be terminated prior to Fiscal Year 2036-37 should debts of the Agency be retired earlier. Based on the most accurate estimates of Commission costs and income which are possible to make during the preparation of this Plan, the tax increment process commencing in Fiscal Year 2012-13 may be terminated in Fiscal Year 2036-37, following twenty-five (26) years of tax increment collection of $46,462,230 which represents the maximum amount of indebtedness of this Plan as approved by the City Council in Ordinance No. on .2012. Should the terminal year of tax increment proceeds collection be greater than the amount of debt to be retired, the surplus amount of such tax incrementproceeds'shail be prorated back to the affected taxing bodies as required by ORS 457.450(3). 702. PRIOR INDEBTEDNESS - Any indebtedness permitted by law and incurred by the Commission, or the City of Central Point in connection with preplanning for this Urban Renewal Plan maybe repaid from Commission funds when and if such funds are available. 703. ANNUALBODGET The Agency shall adopt and use a fiscal year ending June 30 aceoUhting period. By July 1 of each year the Commission shall adopt a budget in cdnformance with the provisions of ORS 294 and ORS 457.460 which shall describe its source of revenue, proposed expenditures and activities. The Agency shall submit its proposed budget to the Urban Renewal Agency's Budget Committee for its review and approval andthe Commission shall not undertake any activities nor expend any funds except as provided in the approved budget. SECTION-`800 ANNUAL I+INANCIAL STATEMENT REQUIRED The Commission, by January 31 of each year, Shall have Prepared a Financial statementu cohtaning: A. The amount of money actually received during the preceding fiscal year under subsection (4) of-ORS 457.420 to 457.460 and from indebtedness incurred under ORS 457.420 to 457.460; B. The purpose and amounts for which any money received under 457.420 to 457.460 and from indebtedness incurred under ORS 457.420 to 457.460 were expanded during the preceding fiscal year; C. An estimate of monies to be received during the current fiscal year under ORS 457.420 to 457.460 and from indebtedness incurred under ORS 457.420 to 457.460; zi ORS 457.460 Page 23 of 26 ~. D. A budget setting forth the purposes and estimated amounts for which the monies which have been or will be received under ORS 457.420 to 457.460 and from indebtedness incurred under ORS 457.420 to 457.460 are to be expended during the current fiscal year; and E. An analysis of the impact, if any, of carrying out the urban renewal plan on the tax collections for the preceding year for all taxing bodies included under ORS 457.430. F. If the January 31 deadline to meet the provisions of ORS Section 457.460 is changed by the legislature, the Agency will conform to the new date to prepare the required statement. The statement required by subsection 801 shall be filed with he'City Council and notice shall be published in the "Central Point Mail Tribune", a newspaper of general Circulation in the City, that the statement has been prepared and is on file with'the City and with3he Urban Renewal Agency and the information contained in the statement is available to all interested persons. The notice shall be published once a week for not less than two successive weeks before March 1 of the year for which the statement is required. The notice shall summarize the information required under paragraphs A through D of subsection 801 and §hall'set forth in full the information required under paragraph E of subsection 801. SECTION 900 CITIZEN PARTICIPATION:. The activities and projects identified in this Plan, the development of subsequent plans, procedures, activities and regulations, and the adoption of amendments o this Plan. shall be undertaken with the participation of citizens, owners and tenants,~s'lndividualsand organizations who reside within or who have financial interest within the Downtown Revitalization Area and with the general citizens of the City. SECTION 1000: NON-DISCRIIVIINATION In the preparation;`adoption and implementation of this Plan, no public official or private party shall take any action or cause any persons,: group or organization to be discriminated against on the basis of age, race, color, religion, sex, marital status or national origin. SECTION`~1D0 RECORDING OF PLAN A copy of the City Council's Non-Emergency Ordinance approving this Plan under ORS 457.095 shall be sent by the Council to the Commission of Directors of the Urban Renewal Agency. Following-receipt of such Ordinance, this Plan hall be recorded by the Commission with the Recording Officer of Jackson County. SECTION 1200 PROCEDURES FOR AMENDMENTS TO THE URBAN RENEWAL PLAN The Plan is a living document subject to periodic review and evaluation over the course of its duration. It is fully expected that the plan will require periodic amendment as necessary for clarification purposes and as necessary to address changing conditions. Where, in the judgment of the Commission the proposed modification will substantially change the Plan, the modification must be duly approved by the City Council in the same manner as the original Plan and in accordance with the requirements of State Page 24 of 26 f~ ~1 and local law. The provisions of ORS 457.095 and ORS 457.220 and of Section 1203 of this Plan shall apply. The various types of Plan changes, clarifications, modifications or amendments and the official actions which shall be taken prior to their implementation; are as follows: 1201. MINOR CHANGES Minor changes shall not change any provision of this Plan which would modify the goals and objectives or basic procedural requirements, planning or engineering principles of this Plan. Such minor changes may include: A. Clarification of language or the State Legislature's changes in ORS Chapter and Section references; B. Clarification of written or graphic Exhibits to this Plan; C. Modification in the location and scope of project improvements authorized by this Plan, resulting from detailed architectural, engineering or planning analysis. D. The identification of property to be acquired as provided for'fn Sections 602 of this Plan. E. Such minor changes shall be made only by a duly approved resolution of the Commission in which the details of the minorclangeshall be described. 1202. AMENDMENTS TO THE COMPREHENSIVE PLAN OR ANY IMPLEMENTING ORDINANCES From time to time during the implementation of this Urban Renewal Plan, the Planning Commission and City Council of the City of Central Point may approve amendments or modifications to the City's Comprehensive Plan or to the codes, policies, procedures or ordinances which are established to implement such Comprehensive Plan. Further, the City Council may.from {inle to time amend-or approve new Building, Health Safety and other codes which affect the implementatign of this Urban Renewal Plan. A.' When such amendments; modifications orapprovals have been officially adopted by the City Council, such amendments, modifications orapprovals--which affect the provisions of this Urban Renewal Plan--shall, by this reference become a part of the Plan as if such amendments, modifications or approvals were herein stated in full. B. The Qty Council shail'forward to the Commission copies of such Council actions as are herein above described and the Commission shall prepare and approve a resolution recognizing that such City Council amendments, modifications orapprovals are to be considered as minor changes to this Urban Renewal Plan as provided in Section 1701 above. 1203. SUBSTANTIAL CHANGES Such substantial changes, if any, shall be approved by the City Council in the same manner as the Council's approval of the original plan and in compliance with the provisions of ORS 457.095 and ORS 457.220. Substantial changes shall include the following: ® Page 25 of 26 A. Extension of the time period for collecting tax increment proceeds as provided in Subsection 701 of this Plan; B. An increase of land area to the boundaries of the Urban Renewal Plan in excess of that allowed by ORS 457.220(3); C. An increase in the effective period of this Plan as set forth in Section 1300. SECTION 1300 DURATION AND VALIDITY OF APPROVED URBAN RENEWAL PLAN This Plan shall remain in full force and effect until ..2037, or uhtil the maximum amount of indebtedness as set forth in Section 701 has been reached and all related debt service retired, whichever comes first. Should a court of competent jurisdiction find any word, clause, sentence, section or part of this'Plan to be invalid, the remaining words, clauses, sentences, sections or parts shall be unaffected by such finding and shall remain in full force and effect for the duration of the Plan. ~ ~ Page 26 of 26