HomeMy WebLinkAboutOrdinance 1955ORDINANCE NO. i 1 SS__
AN ORDINANCE CREATING CHAPTER 11.22 OF THE CENTRAL POINT MUNICIPAL
CODE; MAKING CERTAIN DETERMINATIONS AND FINDINGS RELATING TO AND
ADOPTING THE DOWNTOWN & EAST PINE STREET CORRIDOR REVITALIZATION
PLAN, AN URBAN RENEWAL PLAN FOR THE CITY OF CENTRAL POINT
RECITALS:
A) The Central Point Development Commission ("Agency"), as the duly authorized and acting urban
renewal agency of the City of Central Point, Oregon, is proposing to undertake certain
redevelopment activities in a designated area within the City of Central Point pursuant to ORS
Chapter 457; and
B) The Development Commission, pursuant to the requirements of ORS Chapter 457, has prepared
an urban renewal plan attached to this Ordinance as Exhibit "A", and incorporated by this
reference ("Plan"). The Plan authorizes redevelopment activities described therein; and
C) The Development Commission has caused the preparation of a report accompanying the Plan as
required by ORS 457.085(3) ("Report"), which Report attached to this Ordinance as Exhibit "B"
and incorporated by this reference; and
D) The Plan and Report were forwarded to the City of Central Point Planning Commission for
recommendation and the Planning Commission, after conducting a public hearing, considered the
Plan and Report on December 6, 2012, and recommended that the City Council adopt the Plan;
and
E) The Plan and Report were forwarded on December 15, 2012 to the governing body of each taxing
district affected by the Plan, and the Development Commission has thereafter consulted and
conferred with said district; and
F) Neither the City Council nor the Development Commission has received written
recommendations from the affected taxing districts, consequently no recommendations have been
included in the Plan; and
G) On January 31, 2012 the City caused notice of the hearing to be held before the City Council on
the Plan for the Downtown & East Pine Street Corridor Revitalization Area, including the
required statements of ORS 457.120(3), to be mailed to water utility customers within the City of
Central Point; and
H) On February 23, 2012, the City council held a public hearing to review and consider the Plan, the
Report, the recommendations of the Planning Commission, and the public testimony received on
that date, and does by this Ordinance desire to approve the Plan; and
1) The City Council determines and finds that the Plan complies with all requirements of ORS
Chapter 457 and the specific criteria of 457.095(1) through (7), in that. Based on the information
provided in the Report, the Findings and Recommendations of the Planning Commission and the
public testimony before the City council:
Page I of
1. The area designated in the Plan as the Plan Area meets the statutory definition of "blight", as
defined by ORS 457.010(1) and is eligible for inclusion within the Plan because of:
a. The presence of blighted conditions as described in Section 2.2 of the Report;
b. The need to create an environment that will attract private investment in the Area;
c. The need to renew and redevelop the public infrastructure in a manner that encourages
and leverages private investment in the Area; and
d. The need to revitalize the Area in such a manner as to facilitate and strengthen the
economic and aesthetic vitality of the area as the City's traditional mixed-use urban core
through the attraction and maximization of public and private investments.
2. The rehabilitation and redevelopment described in the Plan to be undertaken by the
Development Commission is necessary to protect the public health, safety and welfare of the
City because absent the completion of urban renewal projects, the Area will fail to contribute
its fair share of property tax revenues to support City services and will fail to fulfill its land
use functions under the City's Comprehensive Plan.
3. The Plan conforms to the City of Central Point Comprehensive Plan and provides an outline
for accomplishing the projects described in the Plan, as more fully described in the Plan;
4. No residential displacement will occur as a result of the redevelopment activities proposed in
the Plan.
5. No acquisition of real property is proposed in the Plan.
6. Adoption and carrying out of the Plan is economically sound and feasible in that eligible
projects and activities will be funded by urban renewal tax revenues derived from a division
of taxes pursuant to section 1 c, Article IX of the Oregon Constitution and ORS 457.440 and
other available funding as more fully described in Section 2.5.1 of the Report; and
7. The City shall assume and complete any activities prescribed it by the Plan.
THE PEOPLE OF THE CITY OF CENTRAL POINT DO ORDAIN AS FOLLOWS:
Section 1. The following Chapter 11.22 is added to the Central Point Municipal Code:
Chapter 11.22
URBAN RENEWAL PLAN
DOWNTOWN & EAST PINE STREET CORRIDOR REVITALIZATION
Sections:
11.22.010 Approval of Plan
Ordinance No. q 5 (030812) Page 2 of 3
11.22.020 Recording the Plan
11.22.030 Notice
11.22.010 Approval of Plan. The Downtown & East Pine Street Corridor Revitalization Plan, an
Urban Renewal Plan of the City of Central Point, is approved and adopted, and incorporated into
this ordinance by this reference. This approval is based upon review and consideration by the
City Council of the Report, the recommendations of the Planning Commission, each of which is
accepted, and the public testimony in the record. The determinations and findings contained in
the above recitals are incorporated into this ordinance by reference.
11.22.020 Recording the Plan. The City Recorder shall forward to the Development
Commission a copy of this Ordinance. The Development Commission shall thereafter cause a
copy of the Plan to be recorded in the Records of Jackson County, Oregon.
11.22.030 Notice. The City Recorder, in accordance with ORS 457.115, shall publish notice of
the adoption of the Ordinance approving the Plan, including the provisions of ORS 457.135, in
the Mail Tribune no later than four days following adoption of this Ordinance.
Passed by the Council and signed by mein authentication of its passage this ' day of
March, 2012.
Mayor Hank Williams
ZE,
City Recorder
Ordinance No. / 9(030812) Page 3 of 3
City of Central Point
Downtown & East Pine Street Corridor Revitalization Program
y
4
Ti
EXHIBIT "A"
THE DOWNTOWN &
EAST PINE STREET
CORRIDOR
REVITALIZATION
PLAN
AN URBAN RENEWAL PLAN
FOR THE CITY OF CENTRAL POINT,
OREGON
Adopted by Ordinance No.
City of Central Point
Downtown & East Pine Street Corridor Revitalization Plan
TABLE OF CONTENTS
ACKNOWLEDGEMENTS......................................................................................................................4
EXECUTIVESUMMARY.......................................................................................................................5
PART 1. THE DOWNTOWN & EAST PINE STREET CORRIDOR REVITALIZATION PLAN ..............................6
Section1.1 Introduction............................................................................................................................6
Section 1.2 City and Agency Relationship.................................................................................................6
Section1.3 Definitions..............................................................................................................................6
Section 1.4 Legal Boundary Description....................................................................................................9
1.4.1 Written Description of Urban Renewal Area................................................................................9
1.4.2 Graphic Description of the Urban Renewal Area.........................................................................9
Section 1.5 Mission Statement, Goals And Objectives.............................................................................9
1.5.1 Mission Statement........................................................................................................................9
1.5.2 Goals and Objectives....................................................................................................................9
1.5.3 Relationship to the Strategic Plan..............................................................................................11
1.5.4 Consistency with the Comprehensive Plan................................................................................11
1.5.5 Compliance with the Land Development Code..........................................................................11
Section 1.6 Urban Renewal Activities......................................................................................................11
1.6.1 Urban Renewal Projects and Activities.......................................................................................11
1.6.2 Acquisition of Real Property.......................................................................................................14
1.6.3 Procedures for Identifying Property to be Acquired..................................................................16
1.6.4 Property Acquisition for Unspecified Purposes..........................................................................16
1.6.5 Relocation Activities...................................................................................................................17
1.6.6 Property Disposition and Redeveloper Responsibilities............................................:................17
1.6.7 Owner Participation....................................................................................................................18
1.6.8 Administrative Activities and Services to the Board...................................................................18
1.6.9 Economic DEVELOPMENT Incentive Programs..........................................................................19
Section 1.7 Maximum Indebtedness And Financing Maximum Indebtedness.......................................19
1.7.1 Self Liquidation of Costs of Urban Renewal Indebtedness (Tax Increment Financing)..............20
1.7.2 Prior Indebtedness......................................................................................................................20
1.7.3 Annual Budget............................................................................................................................20
Section 1.8 Annual Financial Statement Required..................................................................................20
Section 1.9 Citizen Participation..............................................................................................................21
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City of Central Point
Downtown & East Pine Street Corridor Revitalization Plan
Section 1.10 Non-Discrimination.............................................................................................................21
Section1.11 Recording of Plan................................................................................................................21
Section 1.12 Procedures for Amendments to the Urban Renewal Plan.................................................21
1.12.1 Minor Changes..........................................................................................................................22
1.12.2 Amendments to the Comprehensive Plan or any Implementing Ordinances ..........................22
1.12.3 Substantial Changes..................................................................................................................22
Section 13 Duration and Validity of Approved Urban Renewal Plan......................................................23
APPENDIX........................................................................................................................................24
Paee 3 of 39
City of Central Point
Downtown & East Pine Street Corridor Revitalization Plan
ACKNOWLEDGEMENTS
CENTRAL POINT DEVELOPMENT CENTRAL POINT DEVELOPMENT COMMISSION BOARD OF
DIRECTORS
HANK WILLIAMS, CHAIR
BRUCE DINGLER, VICE CHAIR
ALLEN BRODERICK
CAROL FISHER
KELLY GEIGER
ELLIE GEORGE
KAY HARRISON
URBAN RENEWAL STAFF:
URBAN RENEWAL DIRECTORICITY MANAGER: PHIL MESSINA
URBAN RENEWAL MANAGER/ASSISTANT CITY MANAGER: CHRIS CLAYTON
PREPARED BY:
CITY OF CENTRAL POINT COMMUNITY DEVELOPMENT DEPARTMENT:
COMMUNITY DEVELOPMENT DIRECTOR: TOM HUMPHREY, AICP
PLANNING MANAGER: DON BURT, AICP. EDFP
COMMUNITY PLANNER: CONNIE CLONE
PLANNING SUPPORT SPECIALIST: DIDI THOMAS
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City of Central Point
Downtown & East Pine Street Corridor Revitalization Plan
EXECUTIVE SUMMARY
The Downtown and East Pine Street Corridor Revitalization Program (the "Program") is an urban renewal
plan for the City of Central Point. The Program is presented in two parts — Part I, The Downtown and
East Pine Street Corridor Revitalization Plan (the "Plan"), and Part II, The Downtown and East Pine Street
Corridor Revitalization Report (the "Report"). The Program has been prepared by the Central Point
Development 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.
The goals, projects and activities presented in the Program are designed to reinforce the City's
commitment to the revitalization of the Downtown area as envisioned in Central Point Forward, Fair City
2020—A City Wide Strategic Plan. The underlying objective of the Program is to identify projects and
provide a consistent long-term source of funding (tax increment financing) sufficient to encourage and
leverage private sector reinvestment in the Urban Renewal Area, thereby eliminating blighted
conditions.
The Program targets a single geographic area of 446.3 acres located entirely within the incorporated City
of Central Point. Most of the area is represented by the original Town of Central Point platted in 1887.
Consequently, much of the development within the Urban Renewal Area occurred in the late 1800s and
early to mid 1900s.
The presence of blight is best summarized in the Downtown area's growth in assessed value. Over the
past five years the City's assessed value as experienced an average annual increase of 4.8%. During that
same period the Urban Renewal Area has averaged an annual growth rate of less than 1.6%. For FY
2011-12 the assessed value for the Urban Renewal Area ($131,424,528') actually declined by 1.5%,
while the City realized a 1.9% increase. Given the rate of growth in assessed valuation the Urban
Renewal Area relies on other geographic areas to maintain a constant level of public services.
To encourage and leverage private sector investment this Program identifies fifteen (15) projects that
are considered key to the revitalization of the Urban Renewal Area. These projects have an estimated
total cost of $67,295,785' and are planned to be completed over a period of twenty-five (25) years. Of
the total estimated project costs the Urban Renewal Agency will be responsible for $43,177,530
(Maximum Indebtedness). The Urban Renewal Agency will use tax increment financing as its primary
revenue source for funding the Program. The financial feasibility of the Program has been addressed in
the Report section of the Program', and has been demonstrated to be financially feasible.
The Program's° fiscal impact on affected taxing districts has been addressed, and the cost to each
affected taxing district estimated. Based on the recent average annual growth rate of the Urban
Renewal area's assessed value the fiscal impact to affected taxing districts is minimal, particularly when
viewed over the 25 -year duration of the Program. It has also been noted in the Program that some of
the designated projects will benefit property outside the Urban Renewal Area, which will increase the
assessed value of the affected taxing districts, further off -setting estimated fiscal impacts. It is estimated
that by the end of FY 2037-38 an estimated $321,473,429 in incremental assessed value will be released,
resulting in the distribution of $4,446,230 in tax revenue. By FY 2039-40 it is estimated that all affected
taxing districts will have reached a break-even point, recapturing any lost revenue. More importantly,
the Urban Renewal Area will be a fiscally stronger and more livable environment, generating increased
tax revenues for many years.
' Jackson County Assessor's Office, 2011-12
z Measured in 2011 dollars
3 Section 2.7
Section 2.8
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City of Central Point
Downtown & East Pine Street Corridor Revitalization Plan
PART I.
THE DOWNTOWN & EAST PINE STREET CORRIDOR
REVITALIZATION PLAN
SECTION 1.1 INTRODUCTION
Central Point's Downtown area represents the historic core of the City. As such, many of the buildings
and infrastructure were built in the late 1800s and early to mid -1900s. Consequently, much of the
Downtown's buildings and infrastructure are tired, "use challenged", meaning that many of the
structures and uses have a difficult time competing with newer commercial and residential areas for the
necessary private sector investment needed to remain competitive. This inability to compete has
resulted in the occurrence of blighting conditions throughout the Urban Renewal Area.
The presence of blight is best summarized in the Downtown area's assessed value. Over the past five
years the City's average assessed value has increased by 4.8% on an annual basis, while the Urban
Renewal Area has averaged only 1.6% annually. For fiscal year 2011-12 the assessed value for the Urban
renewal Area actually declined by 1.5%, while that of the City increased by 1.9%. In response to the
Area's declining condition the City has prepared the Downtown and East Pine Street Corridor
Revitalization Plan, an Urban Renewal Plan for the City of Central Point (the Plan).
The preparation of the Downtown and East Pine Street Corridor Revitalization Plan (the "Plan") was
encouraged by a number of recent 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. Collectively, these events have reinforced and refined the City's preferred future growth
pattern, with the downtown area serving as the City's urban center.
SECTION 1.2 CITY AND AGENCY RELATIONSHIP
The City Council of the City of Central Point on April 14, 2011, by Ordinance No. 1950, declared that
blighted areas exist within the City, and that there is a need for an urban renewal agency to address
blighting conditions within the City. The City Council, by approval of Ordinance No. 1950, and in
accordance with the provisions of ORS 457.045(3), created the Central Point Development Central Point
Development Commission (the "CPDC"), and appointed a Board of Directors consisting of the City
Council. Pursuant to ORS 457.035, the CPDC is, "...a public body corporate and politic..." The
relationship between the City of Central Point, an Oregon Municipal Corporation, and the CPDC 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, including the budgeting requirements of this Plan,
shall in any way be construed as departing from or disturbing this relationship contemplated by Chapter
457 of the Oregon Revised Statutes.
SECTION 1.3 DEFINITIONS
As used in this Plan, unless the context requires otherwise, the following definitions shall apply:
1. AGENCY, the Central Point Development Central Point Development Commission (the
"CPDC") 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 CENTRAL POINT DEVELOPMENT COMMISSION, the Board of Directors
of the Central Point Development Central Point Development Commission.
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City of Central Point
Downtown & East Pine Street Corridor Revitalization Plan
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 CENTRAL POINT DEVELOPMENT 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 the 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 intended 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 one or a combination of the
following conditions:
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 for ventilation, light, sanitation, open spaces and recreation
facilities; or
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 subdivision and sale of property or lots or irregular form and shape and
inadequate size or dimensions for property usefulness and development;
D. The layout of property or lots in disregard of contours, drainage and other physical
characteristics of the terrain and surrounding conditions;
E. The existence of inadequate streets and other rights-of-way, open spaces and utilities;
F. The existence of property 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
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City of Central Point
Downtown & East Pine Street Corridor Revitalization Plan
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.
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 Urban Renewal Plan.
14. ORS, Oregon Revised Statutes (State Law). ORS 457 is the chapter which 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
Central Point Development Commission for the purposes of developing or 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 Central Point Development Commission in
preparing and implementing the Plan. Such tax increment method is authorized by ORS
Sections 457.420 through 457.450 and provides that the tax proceeds, if any, realized from
an increase in the taxable assessed value of real and personal property 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 Central Point Development Commission of
Directors. Such special fund shall be used to pay the principal and interest on indebtedness
incurred by the Central Point Development Commission in financing or refinancing the
preparation and implementation of the approved Urban Renewal Plan including the
administration of the Central Point Development 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.
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City of Central Point
Downtown & East Pine Street Corridor Revitalization Plan
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.
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 1.4 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 are described as follows:
1.4.1 WRITTEN DESCRIPTION OF URBAN RENEWAL AREA
A written narrative of the Urban Renewal Plan Area is presented as Exhibit 1 (Appendix), a
Narrative Description of Urban Renewal Area.
1.4.2 GRAPHIC DESCRIPTION OF THE URBAN RENEWAL AREA
A map of the Urban Renewal Area is presented in Exhibit 2 (Appendix), a graphic (Map)
illustration of the Urban Renewal Area.
SECTION 1.5 MISSION STATEMENT, GOALS AND OBJECTIVES
1.5.1 MISSION STATEMENT
It is the mission of the Central Point Development Central Point Development Commission to
eliminate blight and depreciating property values within the urban renewal district. This mission
will be accomplished through the preparation and implementation of an urban renewal plan
that maximizes both public and private investments within the Urban Renewal Area,
investments that are designed to target, facilitate and strengthen the economic and aesthetic
vitality of the Urban Renewal Area as the City's traditional mixed-use urban core.
1.5.2 GOALS AND OBJECTIVES
To accomplish its mission the Central Point Development Central Point Development
Commission will develop and implement an urban renewal plan known as the Downtown and
East Pine Street Corridor Revitalization Pion, 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 can be 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 ways that 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;
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Downtown & East Pine Street Corridor Revitalization 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
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;
b.To invite special interest groups, public service organizations, public
bodies and the general public to Central Point Development
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 (9) 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 of the Urban 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 areas of the Urban Renewal Area; the
Downtown Area, Hwy. 99 Corridor, Northside Neighborhood, Southside Neighborhood,
and East Pine Street Area;
G. To cooperate and coordinate with the Rogue Valley Transit District in their efforts to
improve transportation services in the Urban Renewal Area;
H. To develop, and implement, a plan for the undergrounding of present overhead utilities
that are located in areas of maximum pedestrian 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 the Bear Creek
Greenway can have in contributing to the revitalization of the Urban Renewal Area.
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City of Central Point
Downtown & East Pine Street Corridor Revitalization Plan
J. To improve the visual appearance, capacity and traffic flow of Hwy. 99 and East Pine
Street and other streets within the 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, in areas of maximum pedestrian concentration, coordinated street furniture,
night lighting and landscaping within the Downtown Core Area;
M. To assure, through the construction/installation, or replacement that publicly owned
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.
1.5.3 RELATIONSHIP TO THE STRATEGIC PLAN
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 2020', as it exists on the
effective date of this Urban Renewal Plan, or as it may be amended from time to time, which is
hereby incorporated by reference as if it were included in full.
1.5.4 CONSISTENCY WITH THE COMPREHENSIVE PLAN
This Plan has been prepared in conformity6 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.
1.5.5 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 be amended from time to time,
which are incorporated hereby by reference as if they were included in full.
SECTION 1.6 URBAN RENEWAL ACTIVITIES
To achieve the goals and objectives of this Plan the following activities may be undertaken by the
Central Point Development 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 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 ACTIVITIES
A. The following projects and activities are deemed necessary to:
5 City Council Resolution No. 1143
6 See File 12006(CP) for Findings of Consistency dated December 6, 2011.
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City of Central Point
Downtown & East Pine Street Corridor Revitalization Plan
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 1.5,
Mission Statement, Goals and Objectives.
B. All public improvements herein proposed shall be constructed in conformance with the
approved standards and policies of the City of Central Point.
C. With funds available to it, the Central Point Development 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
(Part 2, Figure 6) 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 Downtown Core Area.
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 1-5, 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 LIGHTING. Install sidewalks on
residential streets in the Northside and Southside Neighborhoods illustrated in (Part
2, Figure 2, Urban renewal Boundary and Planning Sub Areas). All sidewalk
improvements shall be made in accordance with city sidewalk standards and may
include street lighting, and street trees.
4. HWY. 99 CORRIDOR 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 furniture. All Streetscape
improvements 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. including a new railroad crossing at Twin Creeks Dr.
Improvements shall include, but not be limited to easement acquisition,
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City of Central Point
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curb and 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. Plans for signalization shall be based consistent with
the City's Transportation System Plan;
c. Hwy. 99 and Fire District 3 Station, to improve the safety of emergency
vehicle egress install an emergency signal on Hwy. 99 by Fire District No. 3
station;
d. East Pine St. and Peninger, modify existing signal in accordance with
Interchange Access Management Plan 33;
e. East 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
Urban Renewal Area to East Pine Street.
9. PFAFF PARK RENOVATION. Renovate Pfaff Park including new landscaping,
restroom facilities, playground equipment, and lighting.
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.
11. FENINGER ROAD SOUTHERLY EXTENSION. 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.
12. MISCELLANEOUS PUBLIC WORKS. Throughout the life of this Urban Renewal
Program, the Central Point Development 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
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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;
f. Street Work; and
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 Central Point Development 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 PROGRAM. The Central Point Development
Commission may establish incentive programs to encourage commercial and
residential development within the Urban Renewal Area. The economic incentive
programs may be in the form of grants, or loans. Prior to the establishment of any
economic incentive program the Central Point Development Commission shall
prepare and adopt an economic development incentive program defining:
a. Criteria for eligibility;
b. Terms and conditions of the program;
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. Such other procedures and conditions which the Central Point
Development Commission deems necessary.
1.6.2 ACQUISITION OF REAL PROPERTY
A. Intent. Although at this time the Urban Renewal Plan does not anticipate the need
to acquire real property it does reserve the right to do so in the future. Therefore, it
is the intent of this Plan to authorize the Central Point Development Central Point
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Development Commission 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 1.6.2(6), Purpose of Property Acquisition.
B. Purpose of Property Acquisition. Property acquisition, including limited interest
acquisition is hereby made a part of this Plan and may be used by the Central Point
Development 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
of a structure, by its owner, and it is determined by the Central Point
Development 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 Central Point
Development Commission that acquisition of such properties and the
rehabilitation or demolition of the improvements are necessary to remove
blighting influences;
3. Where it is determined by the Central Point Development Commission that
the property is needed to provide public improvements and facilities as
follows:
• Right-of-way acquisition for; streets, alleys, bicycle paths, or pedestrian
ways (sidewalks).
• Facilities for the benefit of the public which are to be developed by the
Central Point Development Commission, the City, or any other public
entity;
• Property acquisition for public, off-street parking facilities; or
• Where the owner of real property within the boundaries of the Urban
Renewal Area wishes to convey title of such property by legal means,
including by gift.
• Where it is determined by the Central Point Development 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 than the owners of record of such property, the Central
Point Development Commission may acquire such property.
C. Property Which May Be Acquired. At the time of adoption of this Plan no properties
have been designated for acquisition. As a minor amendment, and as part of an
existing project, the Central Point Development Commission may designate
property to be acquired subject to compliance with Section 1.6.3, Procedures for
Identifying Property to be Acquired.
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1.6.3 PROCEDURES FOR IDENTIFYING PROPERTY TO BE ACQUIRED
Project activities listed in Section 1.6, Urban Renewal Activities, may require acquisition of
property not identified by the Central Point Development Commission as of the effective date of
this Plan. However, should such action be required by the Central Point Development
Commission, the following procedures shall be undertaken prior to such property acquisition:
A. First the Central Point Development Commission shall determine the properties which
may be acquired.
B. The Central Point Development 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 the owners of the Central Point Development Commission's
interest in acquiring their property and the reasons for such interest.
C. The Central Point Development 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 Central Point Development 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 Central Point Development Commission shall explain the
public purpose, public interest or the plan objectives that would be furthered by such
property acquisition. The Central Point Development 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 Central Point Development Commission. The Central Point Development
Commission, by resolution shall then 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 Central Point Development Commission's finding and determination is to proceed
with the acquisition process, the Central Point Development Commission, by resolution,
shall cause a minor change to this Plan to be prepared in conformance with Section
1.12.1, Minor Changes. Such change shall consist of a map or maps and a legal
description of the property to be acquired including a copy of the Central Point
Development 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 Central Point Development Commission shall then proceed with the acquisition
process.
1.6.4 PROPERTY ACQUISITION FOR UNSPECIFIED PURPOSES
If property acquisition, other than for the projects or activities identified in Section 1.6, Urban
Renewal Activities, is considered by the Central Point Development Commission, such property
acquisition shall be treated as a minor amendment within the meaning of Section 1.12.1, Minor
Changes.
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1.6.5 RELOCATION ACTIVITIES
If in the implementation of this Plan, persons or businesses should be displaced by action of the
Central Point Development Central Point Development Commission, the Central Point
Development Central Point Development 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 Central Point Development Central Point Development Commission acquiring any
property which will cause households, businesses, industries, offices or other occupants to be
displaced, the Central Point Development Commission will prepare, adopt and maintain a
Relocation Policy. Such 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.
1.6.6 PROPERTY DISPOSITION AND REDEVELOPER RESPONSIBILITIES
A. PROPERTY DISPOSITION. The Central Point Development 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 Central Point Development Commission.
All real property acquired by the Central Point Development Commission in the Urban
Renewal Area, if any, shall be used or disposed of for development consistent with the
goals and objectives of the Urban renewal Plan and with all applicable codes,
ordinances, policies, plans and procedures of the City. The Central Point Development
Commission shall obtain fair re -use value for the specific uses to be permitted on the
real property. Real property acquired by the Central Point Development Commission
may be disposed of without consideration (cost) to any other public entity in accordance
with this Plan. All persons and entities obtaining property from the Central Point
Development Commission shall use the property for the purposes consistent with the
goals and objectives designated in Section 1.5.2, Goals and Objectives, of this Plan, and
shall commence and complete development of the property within a period of time
which the Central Point Development Commission fixes as reasonable, and shall comply
with other conditions which the Central Point Development Commission deems
necessary to carry out the goals and objectives of this Plan as stated in Section 1.5,
Mission Statement, Goals and Objectives. Real property shall not be disposed of for the
purpose of speculation.
The Central Point Development 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, shall 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 Central Point
Development Commission may contain restrictions, covenants, covenants running with
the land, rights or reverters, conditions precedent or subsequent, equitable servitudes,
or any other provisions necessary to carry out this Plan.
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B. REDEVELOPER'S OBLIGATION. Any redeveloper and his/her successors or assigns
within the Urban Renewal Area, in addition to 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 Central Point Development Commission or such of
its agents as the Central Point Development Commission may designate for review
prior to distribution to appropriate reviewing bodies as required by the City.
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 Central Point Development Commission;
S. 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 Central Point Development Commission. In return for receiving assistance from
the Central Point Development Commission, if any, the Central Point Development
Commission may require the redeveloper to execute a development agreement
acceptable to the Central Point Development Commission as a condition of the
Central Point Development Commission providing assistance; and
7. The Redeveloper shall maintain property under his/her ownership within the area in
a clean, neat and safe condition.
1.6.7 OWNER PARTICIPATION
Property owners within the Urban Renewal Area proposing to improve their properties and
receiving financial and/or technical assistance from the Central Point Development 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.
1.6.8 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 the 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, but are not limited to:
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i. Legal Counsel, including bond counsel;
ii. Professional studies for 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.
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 1.7 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.
1.6.9 ECONOMIC DEVELOPMENT INCENTIVE PROGRAMS
Economic incentives, whether loans or grants offered by the Central Point Development
Commission, are subject to compliance with Section 1.6.1(C)(1S), Economic Development
Incentive Program.
SECTION 1.7 MAXIMUM INDEBTEDNESS AND FINANCING MAXIMUM
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 2011-12 through fiscal year
2036-2037, is $43,177,5307. The initial maximum indebtedness shall be increased each year in
accordance with Section 2.5.4, Index to Adjust Project and Activity Dollar Values, of the Report, ENR
Index for adjusting project cost estimatesH.
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 government, State, City, County, or other public
7 Measured in terms of 2011 dollars
B ORS 457.190(4)(d)
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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.
1.7.1 SELF LIQUIDATION OF COSTS OF URBAN RENEWAL INDEBTEDNESS
(TAX INCREMENT FINANCING)
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 increase, 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.
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 Program costs and income, the tax increment process
will cover a period of 25 years, commencing in Fiscal Year 2011-12 and terminating on June 30,
2037. Over the course of the Program's duration it is estimated that tax increment collections
will be $51,970,747, which is sufficient to cover the maximum amount of indebtedness
designated for the Program.
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 increment proceeds shall be prorated back to
the affected taxing bodies as required by ORS 457.450(3).
1.7.2 PRIOR INDEBTEDNESS
Any indebtedness permitted by law and incurred by the Central Point Development
Commission, or the City of Central Point in connection with preplanning for this Urban Renewal
Plan may be repaid from Central Point Development Commission funds when and if such funds
are available.
1.7.3 ANNUAL BUDGET
The Agency shall adopt and use a fiscal year ending June 30 accounting period. By July 1 of each
year the Central Point Development Commission shall adopt a budget in conformance 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 and the Central Point Development Commission shall not undertake
any activities nor expend any funds except as provided in the approved budget.
SECTION 1.8 ANNUAL FINANCIAL STATEMENT REQUIRED
The Central Point Development Commission, by January 31 of each year, Shall have prepared a financial
statement' containing:
9 ORS 457.460
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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;
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 the 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 with the 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 1.8, Annual Financial Statement Required, and shall set forth in full the
information required under paragraph E of subsection 1.8.
SECTION 1.9 CITIZEN PARTICIPATION
The activities and projects identified in this Plan, the development of subsequent plans, procedures,
activities and regulations, and the adoption of amendments to this Plan shall be undertaken with the
participation of citizens, owners and tenants as individuals and organizations who reside within or who
have financial interest within the Downtown Revitalization Area and with the general citizens of the City.
SECTION 1.10 NON-DISCRIMINATION
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 1.11 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 Central Point Development Commission Board of Directors. Following receipt
of such Ordinance, this Plan shall be recorded by the Central Point Development Commission with the
Recording Officer of Jackson County in accordance with ORS 457.095.
SECTION 1.12 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
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and as necessary to address changing conditions. Where, in the judgment of the Central Point
Development 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 and local law. The provisions of ORS 457.095 and ORS
457.220 and of Section 1.12.3, Substantial Changes, 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:
1.12.1 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 in Sections 1.6.3,
Procedures for Identifying Property to be Acquired, of this Plan.
E. Such minor changes shall be made only by a duly approved resolution of the Central
Point Development Commission in which the details of the minor change shall be
described.
1.12.2 AMENDMENTS TO THE COMPREHENSIVE PLAN OR ANY
IMPLEMENTING ORDINANCES
From time to time during the implementation of this Urban Renewal Plan, the Planning Central
Point Development 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 time to time amend or approve new Building, Health Safety
and other codes which affect the implementation of this Urban Renewal Plan.
A. When such amendments, modifications or approvals have been officially adopted by the
City Council, such amendments, modifications or approvals --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 City Council shall forward to the Central Point Development Commission copies of
such Council actions as are herein above described and the Central Point Development
Commission shall prepare and approve a resolution recognizing that such City Council
amendments, modifications or approvals are to be considered as minor changes to this
Urban Renewal Plan as provided in Section 1.12.1, Minor Changes, above.
1.12.3 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.
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Substantial changes shall include the following:
A. Increases in the Maximum Indebtedness beyond that allowed in Section 1.7;
B. Extension of the time period for collecting tax increment proceeds as provided in
Subsection 1.7.1, Self Liquidation of Costs of Urban Renewal Indebtedness, of this Plan;
C. An increase of land area to the boundaries of the Urban Renewal Plan in excess of that
allowed by ORS 457.220(3);
D. An increase in the effective period of this Plan as set forth in Section 1.13, Duration and
Validity of Approved Urban Renewal Plan.
SECTION 13 DURATION AND VALIDITY OF APPROVED URBAN
RENEWAL PLAN
This Plan shall remain in full force and effect until June 30, 2037, or until the maximum amount of
indebtedness as set forth in Section 1.7, Maximum Indebtedness and Financing Maximum Indebtedness,
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.
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APPENDIX
EXHIBIT 1. Narrative Description of Urban Renewal Area
EXHIBIT 2. Graphic Description of Urban Renewal Area
EXHIBIT 3. Urban Renewal Area Tax Lot Inventory, December 2011
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Downtown & East Pine Street Corridor Revitalization Plan
EXHIBIT 1— Narrative Description of Urban Renewal Area
Property Description
Central Point Urban Renewal District
Beginning at the northwest comer 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 of the tract described in Instrument No 2005-34521 recorded in the
Official Records of Jackson County, Oregon; thence North, along said southeasterly extension
and the west boundary of said tract to the northwest comer thereof; thence East, along the north
boundary and the 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 hears East of a 3/4 inch
iron pipe marking the northeast comer of the tract described in Instmment No 2011-16446
recorded in said Official Records and mapped as Assessor's Map No 372WOIC3300 dated
January 19, 2011; thence West, to said pipe; thence continuing West, along the north line of said
tract to the northwest corner thereof, thence South, along the West line of said tract to the
southwest comer thereof; thence East, along the south line of said tract and the extension of said
south line to the east right of way line of Hamrick Road; thence South, along said east right of
way line and the extension thereof to the south right of way line of Hamrick Road; thence West,
along the south right of way line and the south line of that tract mapped as Assessor's Map No
372W02D2000 dated January 26, 2011, to the east line of that tract mapped as Assessor's Map
No 372W02D2001, dated January 19, 2011; thence South, along said east line to the southeast
comer thereof; thence West, along the south boundary of said tract to the northeast corner of the
tract described in Instmment No 00-38500 recorded in said Official Records; thence South, along
said cast 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 of the parcel described in Instrument
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
Peninger Road to the south right of way line of said Pine Street; thence West, along said south
right ofway 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 record; thence West, along said north boundary to
the west right of way line of Freeman Road; thence South, along said cast 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 comer of Homestead Park Unit 1, according to the official plat
thereof, now of record; thence South, along the west boundary 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 line of 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 common 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 northeast corner of Parcel 1 of
Partition Plat No P-72-2007, according to the official plat thereof, now of record; thence
Page 25 of39
City of Central Point
Downtown & East Pine Street Corridor Revitalization Plan
Southwesterly to said northeast comer of said Parcel 1; thence Southwesterly along the north
boundary of said Parcel 1, also being the south right of way line of Ash Street, to the east right of
way line of Haskell Street; thence Northwesterly, along said east right of way line to the
southerly most corner 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 tract
described in Instrument No 2008-31124 recorded in said Official Records; thence Northerly
along the westerly boundary of said tract to the north line of said Lot I; thence Westerly along
said north boundary to the southwest comer to Lot 3 of said Twin Creeks Crossing Phased;
thence Northerly along the west boundary of said Lot 3 and the extension thereof to the
southwest comer to Lot 35 of said Phase I; thence Northwesterly along 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 in
Instrument No 2009.46561recorded in said Official Records; thence Northeasterly along the
north boundary of said tract to the northeast comer; thence South along the east boundary of said
tract to said easterly right of way line of said Highway; thence Southeasterly along said right of
way line to the south boundary of the tract mapped as Assesso?s Map No 372W03DB 100 dated
July 2, 2009; thence East along said south boundary to the west right of way line of Third Street;
thence North along said west right of way line to apoint, saidpoint 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 right of way of North Tenth Street; thence Southeasterly, along said
easterly right of way to the southwest comer of Parcel 2 of Partition Plat No p-30-2008
according to the official plat thereof, now of record; thence Easterly along the 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
corner thereof; thence South along the easterly boundary of said tracts to the southeast comer
thereof; thence Southwesterly along the southerly boundary of said tracts to the Point of
Beginning.
Prepared by: Herbert A Farber
Farber & Sons, Inc.
REGISTERED
d.b.a., Farber Surveying
PROFESSIONAL
LAND SURVEYOR
431 Oak Street
Central Point, Oregon 97502
1-1;{
HGO
541-664-5599
M'T26•IMS
iBSRBERT A. FARBER
2169
Date: November 13, 2011
HtENEWAL DATE 12.31-11
Pjee 26 ot39
City of Central Point
Downtown & East Pine Street Corridor Revitalization Plan
Ak
CENTRAL
POINT
Exhibit 2
Central Point
Urban Renewal Boundary
EXHIBIT 2 — Graphic Description of Urban Renewal Area
Puss 27 0l 39
City of Central Point
Downtown & East Pine Street Corridor Revitalization Plan
EXHIBIT 3 — URBAN RENEWAL AREA TAX LOT INVENTORY, December 2011
Page 28 of 39
Account
No.
Map Number
Account Number
No.
Map Number
Number
1
372W02D1000
10132000
45
372W02CB4000
10132839
2
372W02CA200
10132344
46
372W02CB4100
10132847
3
372W02CA300
10132351
47
372W02CB4200
10132853
4
372W02CA700
10132393
48
372W02CB4300
10132861
5
372W02CA800
10132407
49
372W02CB4400
10132870
6
372W02CB100
10132415
50
372W02CB4500
10132888
7
372W02CB300
10132440
51
372W02CB4600
10132896
8
372W02CB400
10132456
52
372W02CB4700
10132901
9
372W02CB500
10132464
53
372W02CB4800
10132910
10
372W02CB600
10132472
54
372W02CB4900
10132928
11
372W02CB700
10132481
55
372W02CB5000
10132936
12
372W02CB800
10132499
56
372W02CB5100
10132944
13
372W02CB900
10132504
57
372W02CB5200
10132951
14
372W02CB901
10132512
58
372W02CB5300
10132969
15
372W02CB1000
10132521
59
372W02CB5400
10132977
16
372W02CB1200
10132547
60
372W02CB5402
10132985
17
372W02CB1300
10132553
61
372W02CB5500
10132993
18
372W02CB1400
10132561
62
372W02CB5600
10133004
19
372W02CB1500
10132570
63
372W02CB5700
10133012
20
372W02CB1600
10132588
64
372W02CB5800
10133021
21
372W02CB1700
10132596
65
372W02CB5900
10133039
22
372W02CB1800
10132601
66
372W02CB6000
10133047
23
372W02CB1900
10132610
67
372W02CB6100
10133053
24
372W02CB2000
10132628
68
372W02CB6200
10133061
25
372W02CB2100
10132636
69
372W02CB6300
10133070
26
372W02CB2200
10132644
70
372W02CB6401
10133088
27
372W02CB2300
10132651
71
372W02CB6500
10133096
28
372W02CB2400
10132669
72
372W02CB6600
10133101
29
372W02CB2401
10132677
73
372W02CB6700
10133110
30
372W02CB2500
10132685
74
372W02CB6800
10133128
31
372W02CB2600
10132693
75
372W02CB6900
10133136
32
372W02CB2700
10132707
76
372W02CB7000
10133144
33
372W02CB2800
10132715
77
372W02CB7101
10133169
34
372W02CB2900
10132723
78
372W02CB7201
10133185
372W02CB3000
10132731
79
372W02CB7301
10133209
Page 28 of 39
City of Central Point
Downtown & East Pine Street Corridor Revitalization Plan
35
36
372W02CB3100
10132740
80
372W02CB7600
10133233
37
372W02CB3200
10132756
81
372W02CB7700
10133241
38
372W02CB3300
10132764
82
372W02CB7800
10133258
39
372W02CB3400
10132772
83
372W02CB7900
10133266
40
372W02CB3500
10132781
84
372W02CB8000
10133274
41
372W02CB3600
10132799
85
372W02CB8200
10133291
42
372W02CB3700
10132804
86
372W02CC100
10133306
43
372W02CB3800
10132812
87
372W02CC101
10133314
44
372W02CB3900
10132821
88
372W02CC200
10133322
89
372W02CC201
10133331
135
372 W02CC5100
10133825
90
372W02CC300
10133349
136
372W02CC5200
10133833
91
372W02CC400
10133355
137
372 W02CC5400
10133841
92
372W02CC500
10133363
138
372W02CC5500
10133858
93
372W02CC600
10133371
139
372 W02CC5600
10133866
94
372W02CC700
10133380
140
372 W02CC5700
10133874
95
372W02CC800
10133398
141
372W02CC5800
10133882
96
372W02CC900
10133401
142
372W02CC6300
10133891
97
372W02CC1000
10133410
143
372W02CC6400
10133906
98
372W02CC1100
10133428
144
372W02CC6500
10133914
99
372W02CC1200
10133436
145
372W02CC6600
10133922
100
372W02CC1300
10133444
146
372W02CC6700
10133931
101
372W02CC1400
10133451
147
372W02CC6900
10133955
102
372W02CC1500
10133469
148
372W02CC7200
10133980
103
372W02CC1600
10133477
149
372W02CC7300
10133998
104
372W02CC1700
10133485
150
372W02CC7400
10134001
105
372W02CC1800
10133493
151
372W02CC7500
10134019
106
372W02CC1900
10133509
152
372W02CC7600
10134027
107
372W02CC2200
10133517
153
372 W02CC7700
10134035
108
372W02CC2300
10133525
154
372W02CC7800
10134043
109
372W02CC2500
10133541
155
372W02CC7900
10134050
110
372W02CC2600
10133558
156
372W02CC8100
10134076
111
372W02CC2700
10133566
157
372W02CC8200
10134084
112
372W02CC2800
10133574
158
372W02CC8300
10134092
113
372W02CC2900
10133582
159
372W02CC8400
10134108
114
372W02CC3000
10133591
160
372W02CC8500
10134116
115
372W02CC3100
10133606
161
372W02CC8600
10134124
116
372W02CC3200
10133614
162
372W02CC8700
10134132
117
372W02CC3300
10133622
163
372 W02CC8800
10134141
118
372W02CC3301
10133631
164
372W02CC8900
10134157
119
372W02CC3400
10133649
165
372W02CC9000
10134165
120
372W02CC3500
10133655
166
372W02CC9100
10134173
Pa=e 29 of 39
City of Central Point
Downtown & East Pine Street Corridor Revitalization Plan
121
372W02CC3600
10133663
167
372W02CC9200
10134181
122
372WO2CC3700
10133671
168
372W02CC9300
10134190
123
372W02CC3800
10133680
169
372W02CC9400
10134205
124
372W02CC3900
10133698
170
372W02CC9500
10134213
125
372W02CC4000
10133701
171
372W02CC9600
10134221
126
372W02CC4001
10133710
172
372W02CC9700
10134230
127
372W02CC4100
10133728
173
372W02CC9701
10134248
128
372WD2CC4300
10133744
174
372W02CC9800
10134254
129
372W02CC4400
10133751
175
372W02CC10000
10134262
130
372W02CC4500
10133769
176
372W02CC10100
10134271
131
372W02CC4600
10133777
177
372W02CC10200
10134289
132
372W02CC4700
10133785
178
372W02CC10300
10134297
133
372W02CC4900
10133809
179
372W02CC10400
10134302
134
372W02CC5000
10133817
180
372W02CC10500
10134311
181
372W02CC10600
10134329
227
372W02CD3700
10134790
182
372W02CC10700
10134337
228
372W02CD3800
10134805
183
372W02CC10701
10134345
229
372W02CD3900
10134813
184
372W02CC10801
10134351
230
372W02CD4000
10134821
185
372W02CC10900
10134360
231
372W02CD4100
10134830
186
372W02CC11000
10134378
232
372W02CD4200
10134848
187
372W02CC11100
10134386
233
372W02CD4300
10134854
188
372W02CC11300
10134394
234
372W02CD4400
10134862
189
372W02CC11400
10134408
235
372W02CD4500
10134871
190
372W02CC11500
10134416
236
372W02CD4600
10134889
191
372W02CC11600
10134424
237
372W02CD4700
10134897
192
372W02CC11700
10134432
238
372W02CD4800
10134902
193
372W02CD100
10134441
239
372W02CD4900
10134911
194
372W02CD200
10134457
240
372W02CD5000
10134929
195
372W02CD300
10134465
241
372W02CD5100
10134937
196
372W02CD400
10134473
242
372W02CD5200
10134945
197
372W02CD500
10134481
243
372W02CD5300
10134951
198
372W02CD600
10134490
244
372W02CD5400
10134960
199
372W02CD700
10134505
245
372W02CD5500
10134978
200
372W02CD800
10134513
246
372W02CD5600
10134986
201
372W02CD900
10134521
247
372W02CD5700
10134994
202
372W02CD1000
10134530
248
372W02CD5800
10135005
203
372W02CD1100
10134548
249
372W02CD5900
10135013
204
372W02CD1200
10134554
250
372W02CD6000
10135021
205
372W02CD1300
10134562
251
372WD2CD6100
10135030
206
372W02CD1400
10134571
252
372W02CD6101
10135048
207
372W02CD1500
10134589
253
372W02CD6300
10135054
208
372WD2CD1600
10134597
254
372W02CD6400
10135062
Page 30 of 39
City of Central Point
Downtown & East Pine Street Corridor Revitalization Plan
209
372W02CD1700
10134602
255
372W02CD6500
10135071
210
372W02CD1800
10134611
256
372W02CD6600
10135089
211
372W02CD1900
10134629
257
372W02CD6700
10135097
212
372W02CD2000
10134637
258
372W02CD6800
10135102
213
372W02CD2100
10134645
259
372W02CD6900
10135111
214
372W02CD2200
10134651
260
372W02CD7000
10135129
215
372W02CD2300
10134660
261
372W02CD7100
10135137
216
372W02CD2400
10134678
262
372W02CD7200
10135145
217
372W02CD2500
10134686
263
372W02CD7201
10135151
218
372W02CD2600
10134694
264
372W02CD7300
10135160
219
372W02CD2900
10134716
265
372W02CD7301
10135178
220
372W02CD3000
10134724
266
372W02CD7400
10135186
221
372W02CD3100
10134732
267
372W02CD7500
10135194
222
372W02CD3200
10134741
268
372W02CD7600
10135200
223
372W02CD3300
10134757
269
372W02CD7700
10135218
224
372W02CD3400
10134765
270
372W02CD7800
10135226
225
372W02CD3500
10134773
271
372 W02CD7900
10135234
226
372W02CD3600
10134781
272
372W02CD8000
10135242
273
372W02CD8100
10135259
319
372W03DA9300
10139368
274
372W0381501
10138396
320
372W03DA9400
10139376
275
372W03DA5000
10138921
321
372W03DA9500
10139384
276
372W03DA5100
10138939
322
372W03DA9600
10139392
277
372W03DA5200
10138947
323
372W03DA9700
10139406
278
372W03DA5300
10138953
324
372W03DA9800
10139414
279
372W03DA5400
10138961
325
372W03DA9900
10139422
280
372W03DA5500
10138970
326
372 W03DA10000
10139431
281
372W03DA5600
10138988
327
372W03DA10100
10139449
282
372W03DA5700
10138996
328
372W03DA10200
10139455
283
372W03DA5800
10139009
329
372W03DA10300
10139463
284
372W03DA5900
10139017
330
372W03DA10400
10139471
285
372W03DA6000
10139025
331
372W03DA10500
10139480
286
372W03DA6100
10139033
332
372W03DA10600
10139498
287
372W03DA6200
10139041
333
372W03DA10700
10139503
288
372W03DA6300
10139058
334
372W03DA10800
10139511
289
372W03DA6400
10139066
335
372W03DA10900
10139520
290
372W03DA6500
10139074
336
372W03DA10901
10139538
291
372W03DA6600
10139082
337
372W03DA10902
10139546
292
372W03DA6700
10139091
338
372W03DA10903
10139552
293
372 W03DA6800
10139106
339
372W03DA11000
10139561
294
372 W03DA6900
10139114
340
372W03DA11100
10139579
295
372W03DA7000
10139122
341
372W03DA11200
10139587
296
372W03DA7100
10139131
342
372W03DA11300
10139595
Paec31 of39
City of Central Point
Downtown & East Pine Street Corridor Revitalization Plan
297
372W03DA7200
10139149
343
372W03DA11400
10139601
298
372W03DA7300
10139155
344
372W03DA11500
10139619
299
372W03DA7400
10139163
345
372W03DA11600
10139627
300
372W03DA7500
10139171
346
372W03DA11700
10139635
301
372W03DA7600
10139180
347
372W03DA11800
10139643
302
372W03DA7700
10139198
348
372W03DA11900
10139650
303
372W03DA7800
10139203
349
372W03DA12000
10139668
304
372W03DA7900
10139211
350
372W03DA12100
10139676
305
372W03DA8000
10139220
351
372W03DA12200
10139684
306
372W03DA8100
10139238
352
372W03DA12300
10139692
307
372W03DA8200
10139246
353
372W03DA12400
10139706
308
372W03DA8300
10139252
354
372W03DA12401
10139714
309
372W03DA8400
10139261
355
372W03DB300
10139731
310
372W03DA8500
10139279
356
372W03DB400
10139749
311
372W03DA8600
10139287
357
372W03DB500
10139755
312
372W03DA8700
10139295
358
372W03DB600
10139763
313
372W03DA8701
10139301
359
372W03DB700
10139771
314
372W03DA8800
10139319
360
372W03DB800
10139780
315
372W03DA8900
10139327
361
372W03DB801
10139798
316
372W03DA9000
10139335
362
372W03DC100
10139803
317
372W03DA9100
10139343
363
372W03DC200
10139811
318
372W03DA9200
10139350
364
372W03DC300
10139820
365
372W03DC400
10139846
411
372W03DD1500
10140329
366
372W03DC401
10139852
412
372W03DD1501
10140337
367
372W03DC402
10139861
413
372W03DD1502
10140345
368
372W03DC500
10139879
414
372W03DD1503
10140351
369
372W03DC600
10139895
415
372W03DD1600
10140360
370
372W03DC700
10139901
416
372W03DD1800
10140378
371
372W03DC900
10139919
417
372W03DD1801
10140386
372
372W03DC1000
10139927
418
372W03DD1900
10140394
373
372W03DC1100
10139935
419
372W03DD2000
10140408
374
372W03DC1200
10139943
420
372W03DD2100
10140416
375
372W03DC1300
10139950
421
372W03DD2200
10140424
376
372W03DC1400
10139968
422
372W03DD2300
10140432
377
372W03DC1500
10139976
423
372W03DD2400
10140441
378
372W03DC1501
10139984
424
372W03DD2500
10140457
379
372 W03DC1600
10139992
425
372W03DD2501
10140465
380
372W03DC1700
10140001
426
372W03DD2700
10140473
381
372W03DC1800
10140019
427
372W03DD2800
10140481
382
372W03DC1900
10140027
428
372W03DD2900
10140490
383
372W03DC2000
10140035
429
372W03DD3000
10140505
384
372W03DC2100
10140043
430
372W03DD3100
10140513
Page 32 ol'39
City of Central Point
Downtown & East Pine Street Corridor Revitalization Plan
385
372W03DC2101
10140050
431
372Wo3DD3200
10140521
386
372W03DC2200
10140068
432
372Wo3DD3301
10140530
387
372W03DC2300
10140076
433
372Wo3DD3400
10140548
388
372W03DC2400
10140084
434
372Wo3DD3500
10140554
389
372W03DC2500
10140092
435
372Wo3DD3600
10140562
390
372W03DC2800
10140108
436
372Wo3DD3601
10140571
391
372W03DC2900
10140116
437
372Wo3DD3700
10140589
392
372W03DC3000
10140124
438
372Wo3DD3800
10140597
393
372W03DC3100
10140132
439
372W03DD3900
10140602
394
372W03DC3200
10140141
440
372W03DD4000
10140611
395
372W03DC3302
10140157
441
372Wo3DD4100
10140629
396
372W03DC3400
10140165
442
372Wo3DD4200
10140637
397
372W03DD100
10140181
443
372Wo3DD4300
10140645
398
372Wo3DD200
10140190
444
372Wo3DD4400
10140651
399
372W03DD300
10140205
445
372Wo3DD4500
10140660
400
372W03DD400
10140213
446
372Wo3DD4501
10140678
401
372W03DD500
10140221
447
372Wo3DD4600
10140686
402
372W03DD600
10140230
448
372Wo3DD4700
10140694
403
372W03DD700
10140248
449
372Wo3DD4800
10140708
404
372W03DD800
10140254
450
372W03DD4900
10140716
405
372W03DD900
10140262
451
372Wo3DD5000
10140724
406
372W03DD1000
10140271
452
372W03DD5100
10140732
407
372W03DD1100
10140289
453
372Wo3DD5200
10140741
408
372W03DD1200
10140297
454
372Wo3DD5300
10140757
409
372W03DD1300
10140302
455
372Wo3DD5400
10140765
410
372W03DD1400
10140311
456
372W03DD5600
10140781
457
372W03DD5700
10140790
503
372 Wo3DD10100
10141309
458
372W03DD5800
10140805
504
372 Wo3DD10200
10141317
459
372W03DD5900
10140813
505
372 Wo3DD10300
10141325
460
372W03DD6000
10140821
506
372Wo3DD10400
10141333
461
372W03DD6100
10140830
507
372 Wo3DD10500
10141341
462
372W03DD6200
10140848
508
372Wo3DD10600
10141358
463
372W03DD6300
10140854
509
372Wo3DD10700
10141366
464
372W03DD6500
10140862
510
372Wo3DD10800
10141374
465
372W03DD6600
10140871
511
372W03DD10900
10141382
466
372W03DD6700
10140889
512
372W03DD11000
10141391
467
372W03DD6800
10140897
513
372Wo3DD11100
10141404
468
372W03DD6900
10140902
514
372Wo3DD11200
10141412
469
372W03DD6901
10140911
515
372Wo3DD11300
10141421
470
372W03DD7000
10140929
516
372Wo3DD11400
10141439
471
372W03DD7100
10140937
517
372Wo3DD11401
10141447
472
372W03DD7101
10140945
518
372W03DD11500
10141453
Page 33 or39
City of Central Point
Downtown & East Pine Street Corridor Revitalization Plan
473
372W03DD7200
10140951
519
372W03DD11700
10141496
474
372W03DD7300
10140960
520
372W03DD11800
10141501
475
372W03DD7400
10140978
521
372W 10AA2600
10141510
476
372W03DD7500
10140986
522
372W 10AA2500
10141528
477
372W03DD7600
10140994
523
372W 10AA2200
10141551
478
372W03DD7700
10141007
524
372W 10AA900
10141569
479
372W03DD7800
10141015
525
372W 10AA1000
10141577
480
372W03DD7900
10141023
526
372W 10AA1100
10141585
481
372W03DD7901
10141031
527
372W 10AA1300
10141593
482
372W03DD8000
10141040
528
372W 10AA1200
10141609
483
372W03DD8001
10141056
529
372W 10AA1400
10141617
484
372W03DD8100
10141064
530
372W 10AA1500
10141633
485
372W03DD8200
10141072
531
372W 10AA1600
10141641
486
372W03DD8300
10141081
532
372W 10AA1700
10141658
487
372W03DD8400
10141099
533
372W 10AA1800
10141666
488
372W03DD8500
10141104
534
372W10AA1900
10141674
489
372W03DD8600
10141112
535
372W 10AA2000
10141682
490
372W03DD8700
10141121
536
372W 10AA2100
10141691
491
372W03DD8800
10141139
537
372W10AA2900
10141704
492
372W03DD8900
10141147
538
372W10AA2800
10141712
493
372W03DD9000
10141153
539
372W 10AA2700
10141721
494
372W03DD9100
10141161
540
372W10AA3000
10141739
495
372W03DD9200
10141170
541
372W 10AA3300
10141747
496
372W03DD9300
10141188
542
372W 10AA3400
10141753
497
372W 10AA5400
10141210
543
372W 10AA3600
10141770
498
372W10AA600
10141236
544
372W 10AA3700
10141788
499
372W10AA800
10141269
545
372W 10AA4100
10141796
500
372W10AA300
10141277
546
372W 10AA4200
10141801
501
372W10AA200
10141285
547
372W 10AA4400
10141828
502
372W10AA100
10141293
548
372W 10AA4500
10141836
549
372 W 10AA4000
10141844
595
372W 11BA819
10145074
550
372W 10AA3900
10141851
596
372W 11BA820
10145082
551
372W 10AA3800
10141869
597
372W 11BA821
10145091
552
372W 10AA4600
10141877
598
372W 11BA900
10145122
553
372W 10AA5100
10141885
599
372W11BA1000
10145131
554
372W 10AA5200
10141893
600
372W11BA1100
10145149
555
372W 10AA6100
10141925
601
372W 11BA1200
10145155
556
372W 10AA6000
10141933
602
372W11BA1300
10145163
557
372W 10AA6200
10141941
603
372W11BA1400
10145171
558
372W 10AA6400
10141958
604
372W11BA1500
10145180
559
372W 10AA6600
10141966
605
372W11BA1600
10145198
560
372W 10AA6500
10141974
606
372W11BA1700
10145203
PaEe 34 439
City of Central Point
Downtown & East Pine Street Corridor Revitalization Plan
561
372W10AA6800
10141982
607
372WIlBA1800
10145211
562
372W10AA6700
10141991
608
372W11BA2000
10145220
563
372W10AB400
10142192
609
372W11BA2100
10145238
564
372W10AB500
10142208
610
372W11BA2200
10145246
565
372W10AA5800
10142257
611
372W11BA2400
10145252
566
372W10AA5900
10142265
612
372W11BA2401
10145261
567
372W10AB1000
10142273
613
372W11BA2402
10145279
568
372W10AA6900
10143024
614
372WIlBA2500
10145287
569
372W10AD200
10143032
615
372W11BA2600
10145295
570
372W10AD300
10143041
616
372WIlBA2700
10145301
571
372W11BA100
10144825
617
372W11BA2701
10145319
572
372W11BA200
10144833
618
372WIlBA2800
10145327
573
372W11BA300
10144841
619
372W11BA2900
10145335
574
372W11BA500
10144858
620
372W11BA3000
10145343
575
372W11BA600
10144866
621
372W11BA3100
10145350
576
372W11BA700
10144874
622
372W11BA3200
10145368
577
372WIlBA800
10144882
623
372WIlBA3300
10145376
578
372W11BA801
10144891
624
372W11BA3301
10145384
579
372W11BA802
10144906
625
372W11BA3400
10145392
580
372W11BA803
10144914
626
372W11BA3500
10145406
581
372W11BA804
10144922
627
372W11BB100
10145414
582
372W11BA805
10144931
628
372W11BB200
10145422
583
372W11BA806
10144949
629
372W11BB300
10145431
584
372W11BA807
10144955
630
372W11BB400
10145449
585
372W11BA808
10144963
631
372WIlBB500
10145455
586
372W11BA809
10144971
632
372WIlBB1000
10145503
587
372W11BA810
10144980
633
372W11BB1500
10145546
588
372W11BA812
10145009
634
372WIlBB1600
10145552
589
372WIlBA813
10145017
635
372W11BB1700
10145561
590
372W11BA814
10145025
636
372W11BB1800
10145579
591
372W11BA815
10145033
637
372W11BB1900
10145587
592
372W11BA816
10145041
638
372W11BB2000
10145595
593
372W11BA817
10145058
639
372W11BB2100
10145601
594
372WIlBA818
10145066
640
372W11BB2101
10145619
641
372W11BB2200
10145627
687
372W11BB6400
10146089
642
372W11BB2300
10145635
688
372W11BB6401
10146097
643
372W11BB2400
10145643
689
372W11BB6500
10146102
644
372WIlBB2500
10145650
690
372W11BB6600
10146111
645
372W11BB2600
10145668
691
372WIlBB6700
10146129
646
372W116132700
10145676
692
372W111366800
10146137
647
372W1113132800
10145684
693
372W111366900
10146145
648
372W11BB2900
10145692
694
372WIlBB7000
10146151
Paw 35 ol'39
City of Central Point
Downtown & East Pine Street Corridor Revitalization Plan
649
372W 11663000
10145706
695
372W 11BB7100
10146160
650
372W11BB3100
10145714
696
372W10AA4900
10146178
651
372W11BB3200
10145722
697
372W 11BB7300
10146186
652
372W 1113133201
10145731
698
372W 11BB7400
10146194
653
372W 11BB3202
10145749
699
372W 11667500
10146200
654
372W 11BB3300
10145755
700
372W1113137600
10146218
655
372W 11663400
10145763
701
372W 1113137700
10146226
656
372 W 11663500
10145771
702
372W 11BB7800
10146234
657
372W 1113133600
10145780
703
372W 116137900
10146242
658
372W 11663700
10145798
704
372W 11BB8000
10146259
659
372W 11BB3800
10145803
705
372W 11BB8100
10146267
660
372W 10AA4700
10145811
706
372W 11BB8200
10146275
661
372W 10AA4800
10145820
707
372W 11BB8201
10146283
662
372W 11BB4000
10145838
708
372W 11BB8300
10146291
663
372W 11BB4100
10145846
709
372W11BC7900
10146307
664
372W 11BB4200
10145852
710
372W 11BC100
10146315
665
372W 11BB4300
10145861
711
372W 11BC200
10146323
666
372W 11BB4400
10145879
712
372W 11BC300
10146331
667
372W11BB4500
10145887
713
372W 11BC400
10146340
668
372W11BB4600
10145895
714
372W 11BC500
10146356
669
372W11BB4700
10145901
715
372W 11BC600
10146364
670
372W11BB4800
10145919
716
372W 11BC700
10146372
671
372W11BB4900
10145927
717
372W 11BC800
10146381
672
372W11BB5000
10145935
718
372W 11BC900
10146399
673
372W11BB5100
10145943
719
372W11BC1000
10146402
674
372W11BB5200
10145950
720
372W11BC1100
10146411
675
372W11BB5300
10145968
721
372W11BC1190
10146429
676
372W11BB5400
10145976
722
372W 11BC1200
10146437
677
372W11BB5500
10145984
723
372W 11BC1300
10146445
678
372W11BB5600
10145992
724
372W11BC1400
10146451
679
372W11BB5700
10146005
725
372W11BC1500
10146460
680
372W11BB5800
10146013
726
372W11BC1600
10146478
681
372W 11BB5900
10146021
727
372W11BC1700
10146486
682
372W11BB6000
10146030
728
372W11BC1800
10146494
683
372W11BB6100
10146048
729
372W 11BC1900
10146500
684
372W1113136101
10146054
730
372W11BC2000
10146518
685
372W 11BB6300
10146062
731
372W11BC2400
10146534
686
372W 11BB6301
10146071
732
372W11BC2500
10146542
733
372W 11BC2600
10146559
779
372W 11BD2900
10147010
734
372W11BC2700
10146567
780
372W 11BD3000
10147028
735
372W 11BC2800
10146575
781
372W 11BD3100
10147036
736
372W11BC2900
10146583
782
372W 11BD3200
10147044
Prigc 36 of 39
City of Central Point
Downtown & East Pine Street Corridor Revitalization Plan
737
372W11BC3000
10146591
783
372W11BD3300
10147051
738
372W11BC3100
10146607
784
372WIlBD3500
10147069
739
372W11BC3200
10146615
785
372W11BC2200
10178960
740
372W11BC3300
10146623
786
372W11BC5300
10179641
741
372W11BC3400
10146631
787
372W11BC5200
10179658
742
372W11BC3500
10146640
788
372W11BC4800
10179666
743
372W11BC3600
10146656
789
372W11BC5000
10179674
744
372W11BC3700
10146664
790
372W11BC4700
10179682
745
372W11BC3800
10146672
791
372W11BC5800
10179704
746
372W11BC3900
10146681
792
372WO1C2600
10195599
747
372W11BC4100
10146699,
793
372WO1C2700
10195604
748
372W11BC4200
10146702
794
372WOIC2800
10195612
749
372W11BC4300
10146711
795
372WO1C2900
10195621
750
372W11BC4400
10146729
796
372W01C3000
10195639
751
372W11BD100
10146737
797
372WOIC3100
10195647
752
372W11BD200
10146745
798
372WO1C3200
10195653
753
372W11BD300
10146751
799
372WO1C3400
10195670
754
372W11BD400
10146760
800
372WO1C3500
10195688
755
372W11BD600
10146778
801
372WOIC3600
10195696
756
372W11BD700
10146786
802
372WO2D1OO
10195947
757
372W11BD800
10146794
803
372WO2D2100
10195953
758
372W11BD900
10146800
804
372WO2D2200
10195961
759
372W11BD1000
10146818
805
372WO2D400
10195970
760
372W11BD1100
10146826
806
372WO2D2000
10196091
761
372W11BD1200
10146834
807
372WO2D18OO
10196114
762
372W11BD1300
10146842
808
372WO3DB200
10196976
763
372WIlBD1400
10146859
809
372WO3DC3600
10197030
764
372W11BD1500
10146867
810
372WO3DC3700
10197054
765
372W11BD1600
10146875
811
372WO3DC3800
10197062
766
372WIlBD1700
10146883
812
372W11A1O1
10202413
767
372W11BD1800
10146891
813
372W11BC4500
10202691
768
372W11BD1900
10146907
814
372W11BC4600
10202705
769
372W11BD2000
10146915
815
372WIlBC6100
10204350
770
372W11BD2001
10146923
816
372W11BC5100
10204431
771
372W11BD2100
10146931
817
372W11BC5700
10204463
772
372W11BD2200
10146940
818
372W11BC6000
10204471
773
372W11BD230D
10146956
819
372W11BC5900
10204480
774
372W11BD2400
10146964
820
372W11BC6200
10204498
775
372W11BD2500
10146972
821
372WO2CC8901
10545766
776
372W11BD2600
10146981
822
372W10AA500
10553195
777
372W11BD2700
10146999
823
372WO3DD11001
10553201
778
372W11BD2800
10147001
824
372W11BC5500
10553908
Page 37 or39
City of Central Point
Downtown & East Pine Street Corridor Revitalization Plan
825
372W IlBA1801
10560661
871
372W03DD4601
10701749
826
372W03DA10701
10561376
872
372W 11BC4401
10702021
827
372W02CD4801
10561722
873
372W 11BA2501
10702048
828
372W 10AA4300
10561731
874
372W11BA2502
10702054
829
372W 11BA701
10564584
875
372 W 11BC5301
10705457
830
372W 11BA702
10567127
876
372W 11BC5302
10714077
831
372W 11BA703
10567135
877
372W 11BC5303
10714085
832
372W 11BA704
10567143
878
372W11BB201
10780820
833
372W 11BA705
10567150
879
372W10AA700
10784970
834
372W 11BA706
10567168
880
372W02CC11301
10785023
835
372W02CC8401
10572173
881
372W 11BC2300
10788314
836
372W 11BD2901
10575584
882
372W02D2001
10799161
837
372W02CB7202
10576661
883
372W11BA2403
10818471
838
372W02CB1101
10580117
884
372W 11BD601
10818837
839
372W 10AA6300
10582955
885
372W02CB2101
10832401
840
372W 11BA1501
10582963
886
372W02CB2102
10832410
841
372W 11BD2201
10583852
887
372W03DA10801
10856429
842
372W 11BD2003
10584437
888
372W02D1902
10887809
843
372W 11BD2004
10585000
889
372W02D2901
10887817
844
372W03DC2801
10588439
890
372W02D2401
10887825
845
372W03DD1601
10589890
891
372W02D2301
10887833
846
372WIlBB7701
10590682
892
372W02CD8200
10931124
847
372WIlBD3501
10593241
893
372W03DB701
10932488
848
372W02CC8101
10598060
894
372W02CB3701
10944044
849
372W 11BB7201
10599901
895
372W 11BA3101
10953481
850
372W03DA11901
10602388
896
372W02CB2103
10968183
851
372W 11BD101
10620968
897
372W02D1904
10977240
852
372W03DD9402
10621013
898
372W03DB802
10977381
853
372W03DD9403
10622920
899
372W03DB803
10977382
854
372W03DD4901
10625382
900
372W03DB804
10977383
855
372W03DD2701
10625404
901
372W03DB805
10977384
856
372W 10AA400
10626119
902
372W03DB806
10977385
857
372W02CB1601
10628998
903
372W03DB807
10977386
858
372W03DA7001
10633158
904
372W03DB808
10977387
859
372W10AA5700
10639308
905
372W03DB809
10977388
860
372W02CB7304
10639752
906
372W03DB810
10977389
861
372W02CB7305
10639761
907
372Wo3DB811
10977390
862
372W02CB7306
10639779
908
372W03DB812
10977391
863
372W02CB7303
10639787
909
372W03DB813
10977392
864
372W03DD9301
10645403
910
372W 10AA5101
10978854
865
372W10AA5000
10646347
911
372W 10AA5201
10978855
866
372W 10AA5300
10646353
912
372W03DA10602
10980137
Puec 38 of 39
City of Central Point
Downtown & East Pine Street Corridor Revitalization Plan
867
372W 10AD100
10646361
868
372W10AA3100
10665381
869
372W03DC2103
10677176
870
372W03DD11600
10687925
917
372W 11BA1401
10981059
918
372W 11BA1402
10981060
919
372W 11BB1001
10982198
920
372W 11BB8301
10982199
921
372W02CB3602
10982729
922
372W03DA12101
10982730
923
372W02D2002
10982850
924
372W02D2003
10982852
925
372W02D2004
10982853
926
372W03DD2001
10983530
927
372W03DD2002
10983531
928
372 W03DD2003
10983532
929
372W03DA7501
10984657
930
372 W03DD4001
10984704
931
372W02CB301
10985016
932
372W02CB302
10985017
913
372W02CC1301
10980876
914
372W02CC1302
10980877
915
372W02CC1303
10980878
916
372W02CB3601
10980885
933
372W02CB303
10985018
934
372W02CB2201
10985019
935
372W03DC3303
10985506
936
372W03DB900
10985507
937
372W02D2101
10985650
938
372W03CA1000
10985723
939
372W03CA900
10985724
940
372W03CA1600
10985725
941
372W03CA1500
10985726
942
372W02CA101
10988049
943
372W 11BA901
10988130
944
372W10AD101
10988131
945
372W 10AA6401
10995696
946
372W 10AA6402
10995697
Page 39 of 39
EXHIBIT "B"
ro ram
City of Central Paint
Downtown &East Pine Street Corridor Revitalltatian i
® VV ` -a
C PINE STREET
RRII)OR
V ITAt IIIATION
AN
RENEWAL REPORT
UR6AN OF CENTRAL POINT,
FOR THE CIT`(
OREGON
Adopted by ordinance NO'
City of Central Point
Downtown & East Pine Street Corridor Revitalization Program
TABLE OF CONTENTS
SECTION 2.1 INTRODUCTION.................................................................................................................3
SECTION 2.2 CURRENT CONDITIONS AND IMPACTS.............................................................................3
2.2.1 PHYSICAL CONDITIONS................................................................................................................3
2.2.2. SOCIAL AND DEMOGRAPHIC CONDITIONS................................................................................
14
2.2.3. ECONOMIC CONDITIONS...........................................................................................................18
2.2.4 FISCAL IMPACT OF THE URBAN RENEWAL PLAN IN LIGHT OF ADDED SERVICES OR INCREASED
POPULATION........................................................................................................................................
24
SECTION 2.3 URBAN RENEWAL AREA SELECTION.................................................................................25
SECTION 2.4 PROJECT SELECTION.........................................................................................................27
2.4.1 URBAN RENEWAL PROJECTS AND RELATIONSHIP TO BLIGHT MITIGATION..............................28
SECTION 2.5 PROJECT COSTS, FUNDING, COMPLETION, AND MAXIMUM INDEBTEDNESS ..................
31
2.5.1 PROJECT COSTS...........................................................................................................................32
2.5.2 MAXIMUM INDEBTEDNESS........................................................................................................32
2.5.3 PROJECT COMPLETION DATES...................................................................................................33
2.5.4 INDEX TO ADJUST PROJECT AND ACTIVITY DOLLAR VALUES.....................................................36
SECTION 2.6 ESTIMATED TAX INCREMENT REVENUE AND DEBT RETIREMENT....................................36
SECTION 2.7 FINANCIAL ANALYSIS.........................................................................................................39
SECTION 2.8 A FISCAL IMPACT STATEMENT..........................................................................................39
2.8.1 FISCAL IMPACT FY 2011-37.........................................................................................................39
2.8.2 POST INDEBTEDNESS FISCAL IMPACT.........................................................................................40
SECTION 2.9 RELOCATION REPORT........................................................................................................42
2.9.1 PROPERTIES REQUIRING RELOCATION......................................................................................42
2.9.2 DESCRIPTION OF RELOCATION METHODS.................................................................................42
2.9.3 ENUMERATION OF HOUSING UNITS REQUIRING RELOCATION................................................43
Paye 2 of 43
City of Central Point
Downtown & East Pine Street Corridor Revitalization Program
SECTION 2.1 INTRODUCTION
Oregon's Urban Renewal Law, ORS 457.085, establishes minimum requirements for an urban renewal
plan. One of the requirements is that an urban renewal plan be accompanied by a written report. The
report is required to address nine (9) specific elements'. In compliance with Urban Renewal Law this
document addresses each element and will be referred to as Part 2 of the City of Central Point
Downtown and East Pine Street Corridor Revitalization Plan (the "Report").
All definitions set forth in Section 1.3, Definitions, of the Urban Renewal Plan shall have the same
meaning and use in this Report as they have in the Urban Renewal Plan.
SECTION 2.2 CURRENT CONDITIONS AND IMPACTS
This section describes the "... physical, social and economic conditions in the urban renewal areas of
the plan and the expected impact, including the fiscal impact, of the plan in light of added services or
increased population".
2.2.1 PHYSICAL CONDITIONS
The current physical conditions of the Urban Renewal Area are best described by the boundaries
of the Urban Renewal Area and the current land use, zoning, physical condition of structures
and infrastructure within the Urban Renewal Area.
A. URBAN RENEWAL BOUNDARIES
Most of the Urban Renewal Area is represented by the original Plat of Central Point dated
1887, which two years later on February 26, 1889 became the Town of Central Point. Over
the years the City's growth has rippled out in a concentric pattern retaining the original
town center as the City's core area.
Today the Urban Renewal Area, at 446.30 acres; accounts for 15.5% of the City's total land
area. The Urban Renewal Area, as a percentage of the City, is within the maximum allowable
percentage (25%) of the City's total acreage'. The boundary of the Urban Renewal Area is
illustrated in Figure 1. The formal description of the Urban Renewal Area is presented in
Exhibits 1 and 2 in the Appendix.
For planning purposes the Urban Renewal Area has been divided in to five sub areas,
illustrated in Figure 2. Each sub area has unique physical characteristics and blight related
conditions, which will be addressed later in this section. Table 2.1 identifies the gross
acreages of the Urban Renewal District, each sub area, and the City.
B. CURRENT USE OF LAND
The current land uses within the Urban Renewal Area are described in Table 2.2. Excluding
public right-of-way (30%), the predominant use of land in the Urban Renewal Area is
residential (27%), followed by commercial (16%) and vacant (12%) lands. With the exception
of the residential and the commercial categories, the percentage land use distribution
within the Urban Renewal Area is similar to that of the City in general. This distribution
comparison is illustrated in Table 2.2.
' ORS 457.085(3)
2 ORS 457.420 (2)(a)(B)
Page 3 or 43
City of Central Point
Downtown & East Pine Street Corridor Revitalization Program
The Urban Renewal Areas higher
commercial percentage (42%) of all
commercially zoned lands is not
unusual considering the Urban
Renewal Area's downtown
orientation, and the infrastructure
needs that are challenging
development of the commercial lands
within the East Pine Street Corridor
sub area. For the same reason that the
commercial land uses are over
represented, the Urban Renewal
Area's residential land uses are under-
represented.
Table 2.1
URBAN RENEWAL AREA AND SUBAREA ACREAGE
Sub Area
Gross
Acres
Percentage of
Urban
Renewal Area
A Downtown
82.7
19%
B Northside Neighborhood'„".,
`. ,81.4
18%
C Southside Neighborhood
105.3
24%
D Highway 99 Corridor '.i',
...90.4
20%'
E East Pine Street Corridor
86.5
19%
Total Urban Renewal Area
. ; 446.3
100%
Total City Area
2,880.28
15.5%
A better understanding of the land use Source: City of Central Point Community Development Department
distribution within the Urban Renewal
Area is provided in Tables 2.3 through 2.7. These five tables summarize the land use
categories for each of the sub areas. For the Northside and Southside Neighborhoods the
dominant land use is residential, while the Hwy. 99 and East Pine Street Corridors are
primarily commercial/industrial. The Downtown is considered mixed-use with a balance
between residential and commercial ruses.
Table 2.2
URBAN RENEWAL AREA MAJOR LAND USE
Land Use
Urban Renewal Area
I city
Acres Percent of Land Use Percent of
URA Rank City
Percent of Land Use
City Rank
Vacant
53.60
12%
4
18%
10%
3
Residential
'119.40_27%
2
Commercial
73.42
16%
3
42%
6%
4
Industrial
26.00_6%
5
1. 18%
5%
6
Civic
18.82
4%
7
18%
4%
7
Parks & Open Space_20.67
5%
6_13%_67
5
Public Ri ht-of-Wa
134.30
30%
1
22%
21%
2
Total
446.30
100%
15.5%
100%
Source: Cny of Central Point Community Development Department, 10/11
C. ZONING CLASSIFICATION
Figure 3, Urban Renewal Boundary Zoning, illustrates the distribution of lands by zoning
classification and Table 2.8 identifies the acreage distribution by zoning classification. The
Urban Renewal Area is predominantly residentially zoned (45%), closely followed by
commercial zoning (41%). As would be expected the residential zoning is concentrated in
the Northside and Southside Neighborhoods. The land use and zoning are well aligned with
the Comprehensive Plan land use designations, with only isolated areas of non -conformity.
The use, development, or redevelopment of all property within the Urban Renewal Area is
subject to compliance with the Central Point Comprehensive Plan and all implementing
ordinances, codes, policies and regulations as they exist on the date of approval of the
Urban Renewal Plan, or as they may be amended from time -to -time.
Pate 4 of 43
City of Central Point
CENTRAL
POINT
Figure 1
Central point
Urban Renewal Boundary
Page 5 of 43
Aik
CENTRAL
POINT
A. Downtown D. Hwy 99 Corridor
B. Northside Neighborhood E. East Pine Street
C. Southside Neighborhood Urban Renewal Boundary
Figure 2
Central Point
Urban Renewal Boundary and
Planning Sub Areas
Aik
CENTRAL
POINT
Legend
ZONE
BCG Bear Creek Greenway
OS Open Space
Park
R-1-6 Residential
Figure 3
Central Point
Urban Renewal Boundary
Zoning
R-2 Two Family Residential
R-3 Multiple Residential
MMR Medium Mix Residential
HMR High Mix Res/Commercial
Civic
C -2(M) Commercial Medical
EC TOD Employment Commercial
GC TOD General Commercial
C-40ffice-Professional Commercial
M-2 Industrial General
::;Urban Renewal Boundary
Page 7 at 43
City of Central Point
Downtown & East Pine Street Corridor Revitalization Program
Table 2.3
DOWNTOWN SUB AREA MAJOR LAND USE
Use
Acres
Percent of
Sub Area
Land Use
Rank
Vacant
1.96
2.37%
5
Residential
21.38
25.84%
2
Commercial
20.62
24.93%
3
Industrial
0.00"
0:00%
-
Civic
5.84
7.06%
4
Parks
` 1.52
1.845/
6...
Utility
0.00
0.00%
-
Right -of -Way
31.42
37.97%
1'
Total
82.74
100%
Source: City of Central Point Community Development
Department
Table 2.5
SOUTHSIDE NEIGHBORHOOD MAJOR LAND USE
Use
Acres
Percent of
Sub Area
Land Use
Rank
Vacant
1.03
0.98%
6
Residential,
51.46
48.88%,
1 `
Commercial
8.26
7.85%
4
Industrial" `
0.00
0.00%
-
Civic
11.70
11.11%
3
Parks
2.31
2.91%
5 '
Utility
0.00
0.00%
-
Right -of -Way
30.52
28.99%
2 -„
Total
105.28
100%
Source: City of Central Point Community Development
Department
Table 2.4
NORTHSIDENEIGHBORHOOD MAJOR LAND USE
Use
Acres
Percent of
Sub Area
Land Use
Rank
Vacant
2.25
2.77%
3
Residential
45.19
55.54%
1
Commercial
0.35
0.43%
4
Industrial
0.00
0.00
-
Civic
0.00
0.00%
-
Parks
0.00.
0.00%
5'
Utility
0.00
0.00%
-
Right -of -Way
3358;
41.27%
2
Total
81.37
100%
Source: City of Central Point Community Development
Department
Table 2.6
HWY. 99 CORRIDOR MAJOR LAND USE
Use
Acres
Percent of
Sub Area
Land Use
e
Rank
Vacant
16.41
18.16%
3
Residential _
1.37"
1.51%
6
Commercial
30.20
33.42%
1
Industrial
6.86.
7.59%
4 '
Civic
1.28
1.42%
7
Parks
5.93
6.56%
5'
Utility
0.33
0.37%
8
.Right -of -Way
27.99
37.97%
2
Total
90.37
100%
Source: City of Central Point Community Development
Department
Paec 8 o1`43
City of Central Point
Downtown & East Pine Street Corridor Revitalization Program
Table 2.7
EAST PINE STREET COORIDOR MAJOR LAND USE
Use
Acres
Percent of
Sub Area
Land Use
Rank
Vacant
31.95
37.47%
1
"Residential
0.00
0.00/r a.
- '";•.'
Commercial
13.99
16.41%
3
Indu"strial
1914
Civic
0-00
0.00%
-
Parks ,�
10.91"x
.....
.. ,
V.
Utility
0.00
0.00%
-
Right-of,Way ',
7°928'
.. ,10,88%-
,. M4
Total
85.27
100%
Source: City of Central Point Community Development
Department
D. CONDITION OF STRUCTURES
Much of the Urban Renewal Area is represented by the City's original town plat, with most of
the development occurring in the late 1800s and early 1900s (Figure 4, Historic Subdivisions).
The average structure within the Urban Renewal Area is 59 years old, with many in excess of 100
years old (13%).
The condition of the structures within the Urban Renewal Area was field surveyed in October
2011. Based on the field survey and Real Market Value information from the County Assessor's
Office the condition of each structure was evaluated. Table 2.9 identifies structures by condition
and land use. Each structure was judged and classified into one of three categories as follows:
1. New buildings, near -new buildings or older buildings which have been subjected to a
high degree of maintenance and care, and essentially comply with basic provisions of
the City's and Oregon's Building Codes.
2. Older buildings which exhibit certain code deficiencies, but with reasonable
rehabilitation effort and continuing maintenance, could serve their owners for at least
an additional 40 years, particularly those buildings which appear to be feasible for
economic rehabilitation.
3. Older buildings exhibiting deficiencies; which to correct, would require substantial
investment by their owners to the degree that rehabilitation may be inappropriate and
uneconomic. Typically, the real market improvement value of these buildings was
significantly (25%) below the real market value of the land
Within the Urban Renewal Area there are 839 structures, 11% were judged to be in
Condition "A", 84% in Condition "B", and 17% Condition "C". Of the 839 structures 665
are residential structures housing 1,033 residential dwelling units. Of the residential
structures 8% were judged to be in Condition "A", 67% in Condition "B", and 25%
Condition "C".
Page 9,)f'43
City of Central Point
Downtown & East Pine Street Corridor Revitalization Program
Table 2.8
URBAN RENEWAL ZONING
Bear Creek
Urban Renewal Area
Sub Areas
- -
Urban Percent of
Downtown Northside Southside Hwy. 99 East Pine
Zoning
210.1
47%
49% 97%
Renewal Urban
Corridor Street
12%
District Renewal
Corridor
R-2
Acres District
13%
Bear Creek
10.9
2%
- -
- - 13%
Greenway
TOTAL
210.1
47%
49% 97%
R-1-6
52.4
12%
- -
15% - - -
R-2
56.3
13%
3% 58%
7% - -
R-3
56.3"r
13%
16% 28%
20% - -
MMR
14.1
3%
- 11%
- 6% -
HMR '
31.0,
1 "7%
30% -
- -
7% -
TOTAL
210.1
47%
49% 97%
42%
13% -
RESIDENTIAL
3% - 4%
8% -
C -2(M)
14.1
, ,3%
- -
13%
- -�
EC (TOD)
31.7
7%
15% -
-
21% -
GC(TOD)
62.7
.* 14%
3% 3%
3%
58% -
C-4
76.2
17%
27% -
-
- 63%
TOTAL 184.7 ""41% 44% 3% 26% 79% 63%
COMMERCIAL
M-2
21.5
5%
- - -
- 25%
Civic
6.2
" 1%
4% 4%
-
Parks & Open
12.9
3%
3% - 4%
8% -
I TOTAL 1 446.3 100% 1 100% 100% 100% 100% 100%
Source: City of Central Point Community Development Department
Pace 10 of 43
CENTRAL
POINT
fRap
War
Central Point
Historic Subdivisions
Legend
ewsl Urban Renewal Boundary
Year
1887 Town Plat
Q 1888
1889 [,� 1936
Q 1908 1952
ED 1910 1955
= 1911 Q 1960
Pagc I 1 01 43
City of Central Point
Downtown & East Pine Street Corridor Revitalization Program
Table 2.9
CONDITION OF STRUCTURES BY USE
-
Land Use Category
Condition of Structures
A
B
C
Total
No.
Dwelling
Units
No. %
No. %
.-
No. %
No. %
TOTAL RESIDENTIAL
51 8%
329 51%
280 41%
660
- Single -Family
. 28 4%
45
Duplex
9 1%
67
Multiple -Family
14 2%
T—..
-
22
Mobile Home Park
0 0%
TOTAL COMMERCIAL,.
25 - 17%
- 48 29%.
92 56%
Office
9 6%
Service/Financial
3 1%
Retail
9 6%
2
Mixed Use
..`.4 3%
INDUSTRIAL
1 14%
0 0%
3 60%
Light Industrial
1 14%
PUBLIC
6 46%
Schools _
1 100%
Government
5 45%
QUASI -PUBLIC -
4 36%
Church
4 4
Lodge -
-0
PUBLIC UTILITY
0
Office, etc.
0
Rail Road
0
TOTALS
87
387
368
843
E. INFRASTRUCTURE
Those parts of the Urban Renewal Area west of 1-5 are part of the original city and some of the
City's oldest subdivisions dating back to the late 1800s and early 1900s (Figure 4, Historic
Subdivisions). Consequently, most of the Area's publicly owned utility systems are very old, but
in reasonably sound condition. However, updating, modifications and selected replacement of
infrastructure will be needed throughout the duration of this Plan, particularly as needed to
serve planned higher density development. This is most critical in Downtown Core Area and the
Northside and Southside Neighborhoods, where intensification of residential and commercial
development are encouraged, and the existing infrastructure is very old.
On the east side of I -S the infrastructure within the Urban Renewal Area is new and only
requires extensions as the area develops. The need for infrastructure improvements is based on
consultations with the particular service district/department and prior studies completed by the
City.
Parc 12 of d3
City of Central Point
Downtown & East Pine Street Corridor Revitalization Program
The following summarizes the Urban Renewal Area's infrastructure needs necessary to mitigate
blighting conditions and support the revitalization of the Urban Renewal Area:
WATER DISTRIBUTION SYSTEM
As a result of the water system's age there is a need for replacement and capacity
improvements. The City's Public Works Department estimates that approximately
$1,250,000 (2011 dollars) will be needed over the next 25 years to upgrade the water
system in the Urban Renewal Area. The identified need is based on the City of Central
Point's 2010 Water System Master Plan.
SANITARY SEWER SYSTEM
The sewer system, particularly in the Downtown and Northside and Southside
Neighborhoods, are old. It is expected that upgrading of the system will be required
throughout the duration of this Plan, particularly as needed to accommodate
redevelopment. Most of the sanitary sewer system projects will occur in the Downtown,
Northside, and Southside sub areas.
STORM DRAINAGE SYSTEM
In general, the storm drainage system within the Urban Renewal Area is very old, but
well maintained and functioning satisfactorily. However, as a result of revisions in the
FEMA maps there is a need to upgrade the storm drainage system within the
Downtown, Hwy. 99 Corridor, Northside, and Southside sub areas to mitigate potential
flooding. During the next 25 years, other portions of the system will require upgrading.
The identified need is based on the City of Central Point's 2008 Storm Drainage Master
Plan.
STREETS
As a result of the historic character of much of the Urban Renewal Area and access
limitations to 1-5, the street system within the Urban Renewal Area is in need of
upgrading and capacity expansion. This is particularly true with respect to the single
modal character of much of the street system within the Urban Renewal Area. Many of
the streets lack adequate transit, pedestrian and bicycle improvements.
The City's street needs for the Urban Renewal Area are documented in the
Comprehensive Plan's Transportation System Plan. The following studies were used in
identifying street improvements necessary to adequately serve both the Urban Renewal
Area and the City:
• The East Pine Street Transportation Plan, 2004
• The East Pine Street Corridor Refinement Plan, 2012
• The 1-5 Interchange 33 Access Management Plan, 2012
Many of the Urban Renewal Area's street curbs, gutters and sidewalks are broken and in
need of replacement or repair. Many of the streets within the Northside and Southside
sub areas do not have sidewalks, and East Pine Street through the Downtown is narrow
and contains numerous obstacles to pedestrian use.
Much of the development in the East Pine Street sub area is dependent on major
improvements to increase the capacity of East Pine Street, many of which are beyond
the financial ability of any single project.
Page 13 01'43
City of Central Point
Downtown & East Pine Street Corridor Revitalization Program
2.2:2. SOCIAL AND DEMOGRAPHIC CONDITIONS
POPULATION
The 2010 U.S. Census identified 2,428 people residing within the Urban Renewal Area,
representing 14% of the City's total population of 17,169. Table 2.10 describes the age
distribution of the City's population and compares it with County and the State. The
2010 median age of the City's population was lower than the State's, 36.5 vs. 38.4 years.
For the Urban Renewal Area the median age was 33.6 years.
Table 2.10
POPULATION AGE DISTRIBUTION WITHIN THE URBAN RENEWAL AREA, CITY OF CENTRAL POINT AND
OREGON, 2010
Census of Population by Age
Urban Renewal Area City of Central Point State of Oregon
Age No. % No. % No. %
Under 5 Years
184
8%
1,286
7%
237,556
6%
5to9
1ST
,6%
1,187
7%
237,214
6%
10 to 14
150
6%
1,284
7%
242,533
6%
15 to 24
358
- 15%
2;181
13%
507,908'
13%
25 to34
365
15%
2,292
13%
524,144
14%
35 to 44
283
12%
2,323
14%
499,525
13%
45 to 54
334
14%
2,228
13%
539,075
14%
55 to 64
- 273
-11%.
1,842 '
11%
509,566
13%
65 to 74
1S9
7%
1,316
8%
290,041
8%
75 to 84
- J 122
.,�. 5%.
961"
'S%
, 465,620
4%
85 Years+
43
2%
325
2%
77,872
2%
Median Age 33.6 36.5 38.4
2010 Total Population 2,428 100% 100% 100%
Source: 2010 U.S. Census
Table 2.11 identifies Central Point's population growth from 1900 to 2010 and compares
it with the population growth in Jackson County and the State. From 2000 to 2010, the
City's growth rate (129%) exceeded by a factor of three the population growth of the
County (39%) and the State (35%).
B. HOUSING
The Urban Renewal Area population is housed in 1,014 dwelling units, for an average of
2.4 persons per dwelling unit at an average gross density of 5.35 units per acre. The
City's average household size is 2.673 at an average gross density of 3.5 units per acre.
The City of Central Point is included in the Greater Bear Creek Valley Regional Plan
(Regional Plan). The Regional Plan projects that by 2037 the City's population will reach
29,600. This represents a population increase of 12,430 over the next 25 years. Of this
amount the Urban Renewal Area is planning on capturing 8% of this growth for a
population increase in the Urban Renewal Area population of 995. The targeted new
3 City of Central Point Comprehensive Plan, Population Element
Pace 14 of 43
City of Central Point
Downtown & East Pine Street Corridor Revitalization Program
population, at an average household size of 2.5, will require the construction of 398 new
dwelling units within the Urban Renewal Area.
Currently, within the Urban renewal Area there are approximately 10 acres of vacant
residential land, which at current zoning can accommodate 248 dwelling units. The
balance of the targeted residential units (150 dwelling units) will come from
redevelopment of existing residential properties in the Northside Neighborhood and the
Southside Neighborhood. Together these two sub areas account for most of the Urban
Renewal Area's residential lands, much of which is zoned R-2, but is developed at R-1
standards.
Table 2.11
' "1,, '• ,central Point r . '' lii` �,'Jackson•Counry - Oregon "
Year Population %Change %of Population %Change %of Population %Change
County State
1900"-, 322 - -2% 13,698' " +' 3% - 413;536
1910
761
136%
3%
No DUs''
25,756
88%
4%
672,765
63%
1920 ,._ '
:_. 582
-24%
3%
�, f.
20,405 •!�
' ', 21%"
;ti 3% '-.:
,r." 783;389 '. '
- 16%
1930
821
41%
2%
0.00
32,918
61%
3%
953,786
22%
1940°+':
906
10%
3%
,rf,l'-,
36213.:,4,,'„ 105Z';"
3%'.
`"'
248
1950
1,667
847v
3%
58,510
62%
4%
1,521,341
40%
1960
2,289
37%
3%
e
73,962 .r''•.
,�269/
4% .`
«. '1,768;687q
1970
4,004
75%
4%
94,533
28%
5%
2,091,533
18%
1980 `
• 6,357
59% `-
- 5%
``a,
132,456ri,:,..
,40%u'•.
_ S%-,
o -o, 2,633,156;,
-26%.`• •`
1990
7,512
18%
5%
146,389
11%
5%
2,842,321
8%
2000 'e ..
12,493-^
- 66% ;.'
`. 7%
,7,j'181,273
'. `. 24%'
,i. •i5%;, :.; ," 3,4211;399,
5,20%'.,.,:„
2010
17,169
129%
8%
203,206
39%
5%
3,831,074
35%
Source: U.S. Census
Table 2.12
Vacant Residential Land Development
Source: City of Central Point Community Development Department
C. HOUSEHOLD INCOME
The 2009 American Community Survey figures show that the median household income
for the City of Central Point was $55,236 vs. $49,033 for the State as a whole.
Household income figures for the Urban Renewal Area are not available. The Urban
Renewal Area is within Census Tract 10, which had a 2009 median income of $50,926.
Page IS or43
I Zoningv
Vacant
Average
No DUs''
District
Acres-
Density
i'
(DUs/Acre)
r u•
R-2
0.46
7.9
3'
R-le6'.,L,.
60.23
. 4.8
'121:
R-1-8
0.00
4.3
0
R -3,k ,f,,;.",
1 29,:. ,r..
. 8.2
,t..10
Mixed Use
7.30
40.0
233
Totals ' ,1, -r.'..
9.70! ";''.
.'.
248
Source: City of Central Point Community Development Department
C. HOUSEHOLD INCOME
The 2009 American Community Survey figures show that the median household income
for the City of Central Point was $55,236 vs. $49,033 for the State as a whole.
Household income figures for the Urban Renewal Area are not available. The Urban
Renewal Area is within Census Tract 10, which had a 2009 median income of $50,926.
Page IS or43
City of Central Point
Downtown & East Pine Street Corridor Revitalization Program
However, Census Tract 10 represents an area that includes not only the Urban Renewal
Area but much of the City and surrounding county lands. Consequently, the median
income information does not accurately represent the Urban Renewal Area's household
income. A review of poverty levels in the City of Central Point provides insights into
household income levels within the Urban Renewal Area.
Based on the percentage of households below poverty level the annual incomes
available to households and families within the Urban Renewal Area are considerably
lower than for the City as a whole. As illustrated in Figure 5, Urban Renewal Boundary
and Household Poverty, the Urban Renewal Area contains a large percentage of the
City's households with incomes below poverty level. The household (family of 4) poverty
level is defined as $22,350 (total yearly income )4.
D. UNEMPLOYMENT
Unemployment data for the City of Central Point is not available. In September 2011
the unemployment rates for Jackson County and the State of Oregon were 11.6% and
9.6% respectively (Table 2.13). The Jackson County consistently has a higher
unemployment rates than the State and the State is consistently higher than the nation.
Table 2.13
JACKSON COUNTY, OREGON, AND U.S. UNEMPLOYMENT RATES, 2011
`Jackson County. State of Oregon United'States
11.6% 9.6% 9.1%
2011 HHS Poverty Guidelines, U.S. Department of Health and Human Services
PaLe 16 o443
CENTRAL
POINT
Legend
Household Proverty
Q 5% to 20% Below Proverty Level
M More than 20% Below Proverty
Figure 5
Central Point
Urban Renewal Boundary and
Household Poverty
2000 U.S. Census Survey
Page 17 of 43
City of Central Point
Downtown & East Pine Street Corridor Revitalization Program
2.2.3. ECONOMIC CONDITIONS
A general indicator of the Urban Renewal Area's economic condition is readily expressed in its
assessed value history vs. that of the underlying taxing districts. The impact of the recent Great
Recession (2007-09) on assessed values, both within and outside the Urban Renewal Area, can
be seen in the later years as the annual rate of growth in assessed values is increasing, but at a
decreasing rate. The following sections discuss both the assessed value history of the Urban
renewal Area and the underlying taxing districts.
A. ASSESSED VALUE OF URBAN RENEWAL AREA
The fiscal year 2011-12 assessed value for the Urban Renewal Area was $131,424,528. This
amount accounted for13.1% of the City total assessed value, and is within the 25%
maximum authorized in ORS 457.420 (2)(b)(A). The $131,424,528 will serve as the Urban
Renewal Area's Base Value. Throughout the duration of the Urban Renewal Plan any
increases in the assessed value within the Urban Renewal Area above the Base Value will be
used to finance implementation of the Urban Renewal Plan, while the affected taxing
districts will continue to receive tax proceeds forthe Base Year figure.
Table 2.14 compares the growth in the Urban Renewal Area's assessed value (AV) from 2007
through 2012 to that of the City (net of the Urban Renewal Area). From 2007 through 2012
the average rate of growth in the City's assessed value was 4.8%, while that of the Urban
Renewal Area was only 1.6%. For FY2011-12 the total assessed value for the Urban Renewal
Area actually declined (see Table 2.14). If the Urban Renewal Area were included in the
City's assessed value the average annual rate of growth in the City's assessed value would
drop to 4.3%.
As illustrated in Table 2.14, the assessed value of the Urban Renewal Area is significantly
less than the rest of the City (Table 2.16) and between 2011 and 2012 has declined by 1.6%.
Without the injection of the public improvements proposed in the Urban Renewal Plan, this
declining trend will continue and a transfer in the taxing burden will continue to other areas
of the City --particularly the residential sectors.
Assuming an average inflation rate of 3% the Urban Renewal Area has been unable to
maintain the cost of services, relying on the rest of the City to cover any shortfall.
Table 2.15 tracks changes in the Urban Renewal Area's assessed value by land use category.
The most significant decline has occurred in the Commercial and Industrial land use
categories, with Residential experiencing less than 1% growth.
B. HISTORIC ASSESSED VALUE AND TAX RATES OF AFFECTED TAXING
DISTRICTS
Tables 2.16 through 2.24 identify the historical AV, annual change, tax rates and tax
proceeds for the affected taxing districts for the period 19985 through 2011-12. As
illustrated in the Tables 2.16 through 2.24 the past fifteen years has witnessed both highs
and lows in annual AV growth, averaging in excess of 5% for most taxing districts.
TABLE 2.14
5 First fiscal year after Measure 50 tax assessment changes.
Page 18 or43
City of Central Point
Downtown & East Pine Street Corridor Revitalization Program
HISTORY OF ASSESSED PROPERTY VALUES, CITY OF CENTRAL POINT vs. URBAN RENEWAL AREA
Source Jackson Countydax Assessor and City of Central PmntCommunity Development Department
Table 2.15
HISTORY OF ASSESSED VALUE WITHIN URBAN RENEWAL AREA BY LAND USE CATEGORY, 2007 THROUGH 2012
Land Use FY2006-07 FY2007-08 FY2008-09 FY2009-10 FY2010-11 FY2011-12 % Change
Category FY2010-12
Vacant
City of Central Point
$10,716,090
Urban Renewal Area
Fiscal Year
Net Assessed Value Annual
Growth Rate
Net Assessed Value
Annual
Growth Rate
2006-07
$ 717,261,552
-
$ 121,560,032
-
"'i2 08-
„,2007-001'
;,;�$n,771;793,754
7.6%
r$ 127684;191
,.,*5.0%
2008-09
$ 818,399,033
6.0%
$130,825,533
2.5%
2009=10
'� r` $..1,.856,508,631
4.7%
"' " `$ 131,489;250-_.
0.5%
2010-11
$ 887,825,065
3.7%
$ 133,371,628
1.41
2011-12'
'r:1 t,;' $ -904,609,548 ,;1.9%.a
_.
'°
h.e. - $ 131;424;528
(1.5/)s,
Average
(2.0%)
4.8%
1.6%
Source Jackson Countydax Assessor and City of Central PmntCommunity Development Department
Table 2.15
HISTORY OF ASSESSED VALUE WITHIN URBAN RENEWAL AREA BY LAND USE CATEGORY, 2007 THROUGH 2012
Land Use FY2006-07 FY2007-08 FY2008-09 FY2009-10 FY2010-11 FY2011-12 % Change
Category FY2010-12
Vacant
$5,853,919
$10,716,090
$7,851,660
$7,466,970
$7,227,870
$7,087,880
(1.9%)
Residential ,....
$69;775,220
.$7,1,8S9,076 "
=$73;185,594
' $75,136;260,. -
$75)535,158+' .,$76;005j118
0.6%
Commercial
$43,216,592
$42,351,992
$46,930,469
$45,981,490
$47,754,890
$45,692,820
(4.3%)
Industrial
"$2,273,461'
- $2,319,623 '
$2,406,470
$2,439,680,',°y-'
„$2,374,950 ,
p$2,169,430
(8.6%), -
Quasi -Public
$431,980
$428,290
$441,960
$445,190
$468,820
$459,340
(2.0%)
TOTAL $121,560,032 $127,684,191 $130,825,533 $131,489,250 $133,371,628 $131,424,528 (1.6%)
Source: City of Central Point Community Development Department and Jackson County Assessors Office
Page 19 or43
City of Central Point
Downtown & East Pine Street Corridor Revitalization Program
TABLE 2.16
CITY OF CENTRAL POINT, HISTORY OF ASSESSED PROPERTY VALUES, TAX RATES, AND TAX
PROCEEDS
Fiscal Year Net Assessed Value Annual Tax Rate Per Rate Generated Tax
Growth Rate $1.000 Proceeds
1997-98
$
372,108,000
-
$ 5.83
$ 2,169,390
1998-99
- $.
392,047,000.-�'
5.4% ..
`x$...5.83
$ 2,285,634
1999-00
$
431,004,000
9.9%
$ 5.83
$ 2,512,753
2000-01
$
485,499,000
12.6%
'.. $ 5.83
$ 2,829,876
2001-02
$
544,037,650
12.1%
$ 4.47
$ 2,431,794
2002-03
$
595,772;030 .I.„':
9.5%
,.$ 4.47
$ 2,663,041 -'
2003-04
$
653,586,907
9.7%
$ 4.47
$ 2,921,468
2004-05
$
715,171,267 ;"'"
9.4%
„`"$ 4.47
$ 3,196,744
2005-06
$
771,105,471
7.8%
$ 4.47
$ 3,446,764
2006-07
e. $
'831,821,584
8.8%
- $ 4.47
$. 3,749,449
2007-08
$
899,477,945
7.2%
$ 4.47
$ 4,020,576
2008-09
$,.
949,224,566
5.5%
. $ 4.47
$ 4,242,939
2009-10
$
987,997,881
4.1%
$ 4.47
$ 4,416,252
2010-11
. $ 1,021,196,693
3.4%
$ 4.47
$ 4,564;647
2011-12
$ 1,036,034,076
1.5%
$ 4.47
$ 4,630,969
Average
Average
9.6%
$ 4.83
$ 2.26
Source: Jackson County Tax assessor and City of Central Point Community Development Department
TABLE 2.17
JACKSON COUNTY, HISTORY OF ASSESSED PROPERTY VALUES, TAX RATES, AND TAX PROCEEDS
fiscal Year Net Assessed Value Annual Tax Rate Per Rate Generated Tax
Growth Rate $1,000 Proceeds
1997-98
$
8,039,161,498
-
$ 1.97
$ 15,800,972
1998-99
$.
8,413,039,772 '
4.7%
$ 1.97
$ 16,535,830
1999-00
$
8,954,010,340
6.4%
$ 2.01
$ 17,996,665
2000-01
- $`,";9,497,826,006
6.1%
t $ 2.28
$ 21,653,144
2001-02
$
10,086,117,049
6.2%
$ 2.39
$ 24,136,078
F 2002-03
$
10,583,879,844
4.9%
$ 2.38
, $ 25,177,992
2003-04
$
11,144,084,790
5.3%
$ 2.50
$ 27,914,818
2004-05.
$
11,765,900,908 > ' "
5.6%
$ 2.47
$ 29,091,190
2005-06
$
12,442,593,882
5.8%
$ 2.27
$ 28,234,734
2006-07
$
13,231,616,506 -'
6.3%
$ 2.24
$29,661,315
2007-08
$
13,981,517,900
5.7%
$ 2.25
$ 31,505,952
2008-09
$
14,634,957,230
4.7%-
$ 2.34
' :$ 34,294,095
2009-10
$
15,648,051,136
6.9%
$ 2.37
$ 37,045,196
' 2010-11
$
15,981,129,412
2.1%.
$ 2.33
"$.37,197,677
2011-12
$
16,449,455,277
2.9%
$ 2.08
$ 34,134,265
Average
5.4%
$ 2.26
Source: Jackson County Tax assessor and City of Central Point Community Development Department
face 20 ot43
City of Central Point
Downtown & East Pine Street Corridor Revitalization Program
TABLE 2.18
VECTOR CONTROL, HISTORY OF ASSESSED PROPERTY VALUES, TAX RATES, AND TAX PROCEEDS
Fiscal Year Net Assessed Value Annual Tax Rate Per Rate Generated Tax
Growth Rate $1,000 Proceeds
1997-98
$
8,039,161,498
-
$ 0.04
$ 338,449
'.1998=99.
$
.18,413,039,772
.'4:7% ,
tn`$ 0.04
$. 354,189
1999-00
$
8,954,010,340
6.4%
$ 0.04
$ 384,127
g^,4000;01
$
,9;497,826,006
!6:1% , ,S„
'�, $ 0.04
$ 407,457 "'1'•"
2001-02
$
10,086,117,049
6.2%
$ 0.04
$ 432,694
2002"03:
$
10;583,879,844'
$ 0.04'.'''.
.$.454,0481 -IT -71
2003-04
$
11,144,084,790
5.3%
$ 0.04
$ 478,081
2004705
-, •$..;,11,765,900,908
"1
ft"''5.6V''
$ (i -':
"'$ 504;757 ' .
2005-06
$
12,442,593,882
5.8%
$ 0.04
$ 533,787
2006-07
13,231;616,506'-.6.3%
13,231,616,506',"'.°"
. x 63%. '
$, 0 04:
$,567,636 -"
2007-08
$
13,981,517,900
5.7%
$ 0.04
$ 599,807
. $' 14;634,957,230
`417% •"
14,634,957,236,.i'.
4'.7%s-
$ 0.04 j
$ 627,840:^"'-�''
2009-10
$
15,648,051,136
6.9%
$ 0.04
$ 671,301
2010-11
'. $"
15,981,129,412Ji
,i"• •`2'.1%-
$'004 ",
1$"685;590. .
2011-12
$
16,449,455,277
2.9%
$ 0.04
$ 664,558
Average
$ 0.35
5.40/6
$ 0.04
Source: Jackson County Tax assessor and City of Central Point Community Development Department
TABLE 2.19
EDUCATION SERVICE DISTRICT, HISTORY OF ASSESSED PROPERTY VALUES, TAX RATES, AND TAX
PROCEEDS
Fiscal Year Net Assessed Value Annual Tax Rate Per Rate Generated Tax
Growth Rate $1,000 Proceeds
1997-98
$
8,039,161,498
-
$ 0.35
$ 2,779,942
"'""1998=99
8,413,039,772
-4:7%
$0.35-
$"2,909,229
1999-00
$
8,954,010,340
6.4%
$ 0.35
$ 3,155,393
1�" 2000-01-,
$:''
9;497,826,006
,651% �'
"' " "$ 0.35 ` "
$$ 3,347,034
2001-02
$
10,086,117,049
6.2%
$ 0.35
$ 3,554,348
'°2002-03 '"
$'^10;583,879,844
"`4.9% '" 77$ -
$ 3,729,759' -.
2003-04
$
11,144,084,790
5.3%
$ 0.35
$ 3,927,175
'"2004-05
.$,,11,765,900,9W
,.5i6%
• 'r: "$ 0.35
$ 4,146,303 ,-.t. "
2005-06
$
12,442,593,882
5.8%
$ 0.35
$ 4,384,770
:".2006-07
-'$..';
13,231;616,506'-.6.3%
",,,$'.0;35
$,'4,662,822
2007-08
$
13,981,517,900
5.7%
$ 0.35
$ 4,927,087
2008-09
. $' 14;634,957,230
`417% •"
',' $ 0.35
$..5,157,359. -
2009-10
$
15,648,051,136
6.9%
$ 0.35
$ 5,514,373
2010-11
5$''. 15;981;129,412-
2'3%'
a,v g,r'$ 0.35
$=5,631,750
2011-12
$
16,449,455,277
2.9%
$ 0.35
$ 5,769,788
Average
5.3%
$ 0.35
Source: Jackson County Tax assessor and City of Central Point Community Development Department
Page 21 of 43
City of Central Point
Downtown & East Pine Street Corridor Revitalization Program
TABLE 2.20
SOIL & WATER CONSERVATION HISTORY OF ASSESSED PROPERTY VALUES, TAX RATES, AND TAX
PROCEEDS
Fiscal Year Net Assessed Value Annual Tax Rate Per Rate Generated Tax
Growth Rate $1,000 Proceeds
1997-98 - -
- $ 338,449
- 1998-99
354,189
1999-00 - -
- $ 384,127
2000-01- - -
- $ 407,457
2001-02 - -
- $ 432,694
2003-04
$
-
-
-
$ 478,081
2004-05
$
8,413,039,772
4.7%
$ 0.50
$ 504,757
2005-06
$
-
-
-
$ 533,787
- 2006-07
$
- "'
-
-
` $ 567,636
2007-08
$
13,981,517,900
-
$ 0.05
$ 599,807
2008-09
$
14;634,957,230 '
4.7%
$ 0.05
-,. $., 627,840
2009-10
$
15,648,051,136
6.9%
$ 0.05
$ 671,301
2010-11
$
15,981,129,412,.
2.1%
$ 0.05
f .$685,590
2011-12
$
16,449,455,277
2.9%
$ 0.05
$ 822,473
Average
$ "13,231,616,506
4.3%
$ 0.05
$ 6,785,173
Source: Jackson County Tax assessor and City of Central Point Community Development Department
TABLE 2.21
ROGUE COMMUNITY COLLEGE, HISTORY OF ASSESSED PROPERTY VALUES, TAX RATES, AND TAX
PROCEEDS
Fiscal Year Net Assessed Value Annual Tax Rate Per Rate Generated Tax
Growth Rate $1,000 Proceeds
1997-98
$
8,039,161,498
-
$ 0.50
$ 4,051,737
1998-99
$
8,413,039,772
4.7%
$ 0.50
$.4,240,172
1999-00
$
8,954,010,340
6.4%
$ 0.51
$ 4,591,617
" 2000-01
$
9,497,826,006
6.1%
r^ $ 0.51
$'4,870,485
2001-02
$
10,086,117,049
6.2%
$ 0.51
$ 5,172,161
F72002-03
$-
10,583,879,844
4.9%
$ 0.51.
$ 5,427,414
2003-04
$
11,144,084,790
5.3%
$ 0.51
$ 5,714,687
.2004-05
$;.11,765,900,908
5.6%
$ 0.51
$"6,033,544
2005-06
$
12,442,593,882
5.8%
5 0.51
$ 6,380,562
2006-07
$ "13,231,616,506
6.3%
$ 0.511"
$ 6,785,173
2007-08
$
13,981,517,900
5.7%
$ 0.51
$ 7,169,722
2008-09
$,
14,634,957,230
4.7%
$ 0.51
$ 7,504,806
2009-10
$
15,648,051,136
6.9%
$ 0.51
$ 8,024,321
2010-11
$
15,981,129,412 ":
2.1%
'" $ 0.51
$. 8,195,123 '
2011-12
$ 16,449,455,277
2.9%
$ 0.62
$ 10,187,148
Average
5.3%.
$ 0.52
Source: Jackson County Tax assessor and City of Central Point Community Development Department
Pace 22 of 43
City of Central Point
Downtown & East Pine Street Corridor Revitalization Program
TABLE 2.22
ROGUE VALLEY TRANSIT DISTRICT, HISTORY OF ASSESSED PROPERTY VALUES, TAX RATES, AND
TAX PROCEEDS
Fiscal Year Net Assessed Value Annual Tax Rate Per Rate Generated Tax
Growth Rate $1,000 Proceeds
1997-98
$
6,132,841,620
-
$ 0.17
$ 1,062,208
. 1998,99
$
X6;417,976,832,
"4'.691 ,""r
0.17. "•'- ^.5"$ 1,111,594
1999-00
$
6,831,409,297
6.4%
$ 0.18
$ 1,210,526
2000-01 .
' $` 7;281;156,848
°t,, '! '• .66% 7 • .,.,..
`.$ 018 i;^`":
,$ 1,290,221',`'
2001-02
$
7,711,453,216
5.9%
$ 0.18
$ 1,366,470
2003-04
$
8,505,757,597
5.1%
$ 0.18
$ 1,507,220
'.2004-05 „
$
8,913,599,738-'
=`,,4:8%
` $ 0.18 m�
''$ 1,579,490
2005-06
$
9,416,325,079
5.6%
$ 0.18
$ 1,668,573
2006 07 , `
- $'10,003,654,409,1i-'•,
`." 6i2%"
$ 0.18 ,I ','`'
$ 1,772,648
2007-08
$
10,575,618,155
5.7%
$ 0.18
$ 1,874,000
200809
$
11;075,152,342"••"u+"
74r7% .
.$ 0.18 ;-i•':.
$ 1,962,517 5,,.
2009-10
$
11,883,536,537
7.3%
$ 0.18
$ 2,105,763
201011
$
12;126,517,275' :,:L
.° .'.2.0% ....'
$ 018 ,,r.
-' .$ 2,148,819 r ;`
2011-12
$
12,520,903,116
3.3%
$ 0.18
$ 2,218,704
Average
$
1,667;846,046 y, :,
5.2%
$ 0.18
$ .9,603;458
Source: Jackson County Tax assessor and City of Central Point Community Development Department
TABLE 2.23
CENTRAL POINT SCHOOL DISTRICT NO. 6, HISTORY OF ASSESSED PROPERTY VALUES, TAX RATES,
AND TAX PROCEEDS
Fiscal Year Net Assessed Value Annual Tax Rate Per Rate Generated Tax
Growth Rate $1,000 Proceeds
1997-98
$
3,592,453,064
-
$ 5.13
$18,423,896
1998`99
- $ x.3;763,261313
7,4.9%
' .$ 5 23 e
$19,668,309.
1999-00
$
3,977,056,893
5.7%
$ 5.24
$20,828,245
2000-01 -' .
$
4,222,036,153"•:
"� ,!612%' :"
$ 5.18 '.'-"..
$21,857,059'
2001-02
$
1,232,482,601
-70.8%
$ 4.41
$ 5,439,439
200Y-03
$
•1,311460,541,
6.4%
$ 5'.91
:..$ 7,755,978' x
2003-04
$
1,390,673,479
6.0%
$ 6.05
$ 8,412,184
200405;,; •
$•
1,476,983,621',„
:'6.2%,
•�-$`5.81
$ 8,587,183
2005-06
$
1,562,389,666
5.8%
$ 5.74
$ 8,972,804
`2006-07 ,:.v:
$
1,667;846,046 y, :,
6.7%
d • `..,$.5.76
$ .9,603;458
2007-08
$
1,760,209,780
5.5%
$ 5.72
$ 10,075,441
2008-09 '.::"
`.. $
1,849,047;4735:0%;
a
• ' '$,5.73'
$ 10,589;496
2009-10
$
2,168,572,508
17.3%
$ 5.57
$ 12,068,106
2010-111'
$
2,181,909,096 .
.' 0.6%
; ,+,'-$.5607-
'._ $ 12;207,837 -
2011-12
$
2,215,710,700
1.5%
$ 5.67
$ 12,573,050
Source: Jackson County Tax assessor and City of Central Point Community Development Department
Page 23 of 43
City of Central Point
Downtown & East Pine Street Corridor Revitalization Program
TABLE 2.24
FIRE DISTRICT NO. 3, HISTORY OF ASSESSED PROPERTY VALUES, TAX RATES, AND TAX PROCEEDS
Fiscal Year Net Assessed Value Annual Tax Rate Per Rate Generated Tax
Growth Rate $1,000 Proceeds
1997-98
$
1,514,163,768
-
$ 2.07
$ 3,134,319
1998-99
$,;;1,549,869,225
" 3,605,600,896
- 2.4%
$ 2.07
..,$.3,207,208
1999-00
$ 1,636,959,745
5.6%
$ 2.02
$ 3,308,370
. 2000-01
$
1;761,494,295
7.6%
. , $ 1.96
�,- $ 3,458,114
2001-02
$
1,880,867,920
6.8%
$ 2.69
$ 5,059,534
2002-03
$
2,004,804,393 77---T6'%`
$ 2.99
$ 5,994,365
2003-04
$
2,128,668,120
6.2%
$ 3.12
$ 6,640,167
2004-05
$
2,273,993,637
6.8%
' $-3.12
$ 7,093,496
2005-06
$
2,462,253,348
8.3%
$ 3.12
$ 7,680,753
2006-07
$
2,668,956,501
8.4%
$ 3.12
$ 8,325,543
2007-08
$
2,812,352,578
5.4%
$ 3.12
$ 8,772,853
2009-10
$
3,569,331,147
20.1%
$ 3.12
$ 11,134,172
2010-11
.. $
" 3,605,600,896
1.0%
$ 3.12
$"11;247,311 '
2011-12
$
3,654,905,277
1.4%
$ 3.12
$ 11,401,112
Average
$0.35
Total Average Tax Rate
6.6%
$ 2.79
Source: Jackson County Tax assessor and City of Central Point Community Development Department
TABLE 2.25
AVERAGE ANNUAL TAX RATES OF AFFECTED TAXING DISTRICTS
($1,000/AV)
AFFECTED TAX DISTRICTS
1998 to 2012 ASSESSED
City of Central Point
$4.83
Jackson county
$2.26 .1
Fire District No. 3
$2.79
Rogue Valley Transit District
Vector Control
$0.04
Water Conservation
$0.05 -
School District No. 6
$5.52
Rogue Community College
Education Service District
$0.35
Total Average Tax Rate
$16.50
Source: Jackson County Tax assessor and City of Central Point Community
Development Department.
2.2.4 FISCAL IMPACT OF THE URBAN RENEWAL PLAN IN LIGHT OF ADDED
SERVICES OR INCREASED POPULATION
The Urban Renewal Plan is based on improvements as prescribed in Section 1.6, Urban Renewal
Activities, of the Plan that will encourage and leverage private investment in housing and
commercial development as follows:
RESIDENTIAL DEVELOPMENT
Page 24 of 43
City of Central Point
Downtown & East Pine Street Corridor Revitalization Program
To accommodate the anticipated population growth allocated to the Urban Renewal
Area an estimated 398 new residential units will be constructed by the private sector. It
is estimated that this new residential development will add approximately $45,000,000
to the Urban Renewal Area's assessed value.
COMMERCIAL DEVELOPMENT
Based on the availability of vacant and redevelopment property it is estimated th
Urban Renewal Area will realize approximately $133,000,000 in new and remodel
private sector commercial development.
The projects and activities identified in the Plan have an estimated cost of $67,508,618.
Over the course of the Urban Renewal Plan's duration it is estimated that total
implementation costs will be $88,910,099. This figure includes the cost of all projects
and activities (Maximum Indebtedness), and financing costs.
TABLE 2.26
PERCENTAGE OF URBAN RENEWAL AREA ASSESSED VALUE ($136,370,248) OF EACH TAX
DISTRICT
"Affected Tax Districts „,,,!, 2011-12 Total Percentage in
Assessed Value",Urban Renewal ,
x ' .e:;. •sl.. ": ..,,�. .Area
City of Central Point
$1,021,196,693
13.61%
fJackson County „„ I I i
415,981,129,412+
Fire District No. 3
$3,605,600,896
3.73%
Rogue Valley Trans it District -.
- $12,1261517,275•', .
.1.09%,
Vector Control
$15,981,129,412
0.83%
School District No. 6
$2,181,919,096
6.15%
Rogue,Community College "a' °
fi
Education Service District
$15,981,129,412
0.83%
Source: City of Central Point Community Development Department
Improvements to the Urban Renewal Area's infrastructure should reduce the City's
operation and maintenance costs presently experienced and encourage new private
sector investment, resulting in increases in the Urban Renewal Area's assessed values.
Rehabilitation and redevelopment of older buildings and making possible the private
sector's development of new facilities on the area's vacant land should substantially
improve the area's assessed value allowing all affected taxing districts a broader
economic base on which to levy taxes when the tax increment process is terminated.
Table 2.26 identifies the Urban Renewal Area's 2011-12 AV as a percentage of each of
the affected taxing districts. The taxing districts most impacted by the Urban Renewal
Plan, in order of impact, are; the City of Central Point (13.61%), School District No. 6
(6.15%), and Fire District No. 3 (3.73%). For all other tax districts the Urban Renewal
Area's Base Value is less than 1% of their total assessed value.
SECTION 2.3 URBAN RENEWAL AREA SELECTION
Page 25 o1 43
City of Central Point
Downtown & East Pine Street Corridor Revitalization Program
Urban Renewal Law requires that this Report explain the "... reasons for the selection of each
urban renewal area in the plan'. The Urban Renewal Area is a single geographic area (Figure 1,
Urban renewal Boundary). For planning and discussion purposes it has been divided into five
distinct sub areas (Figure 2, Urban Renewal Boundary and Planning Subareas). The Urban
renewal Area accounts for 446.3 acres, representing the core of the City, both historically and
geographically, which are the underlying reasons for selection of the lands comprising the Urban
Renewal Area.
Historically, most of the Urban Renewal Area is represented by the original Town of Central
Point, founded in 1889. Figure 4, Historic Subdivisions, illustrates the age of the built Urban
Renewal Area lands. In general, much of the Urban Renewal Area is over 100 years old. With this
age comes blight related conditions such as antiquated infrastructure, older substandard
buildings, a decline in the ability to compete with and attract new development, all of which
collectively leads to a decline in private investment.
Geographically, the City's growth has followed a generally concentric pattern, retaining the
Urban Renewal Area as the City's core. In the long run this geographic attribute is a definite
asset in the future of the City as it continues to grow. Having a well defined urban core that is
historic, attractive, functional, and easily accessible to all citizens; can only improve the City's
overall livability.
The reasoning for selection of the lands within the Urban Renewal Area can be further
supported based on the conditions of each of the five sub areas in the Urban Renewal Area.
DOWNTOWN (82.74 ACRES)
This sub area is the older historic commercial center of the City, with East Pine Street
serving as both a downtown main street, and the City's primary east/west arterial
thoroughfare. This sub area is challenged by many of the factors that affect all older
downtowns, including the need to redefine its purpose, lack of pedestrian amenities,
older buildings and infrastructure, and lack of both private and public investment.
Goal: to improve the area as the City's historic mixed-use urban core, with a strong
pedestrian character and multi -modal emphasis.
Hwy. 99 CORRIDOR (90.37 ACRES)
This sub area is the old Hwy. 99 commercial strip serving as the City's north/south
arterial thoroughfare. This sub area is an older auto dominated commercial strip with
very few amenities for bicycle and pedestrian use. As a main thoroughfare through the
City it is lacking in safe vehicular ingress/egress, pedestrian/bicycle safety, and aesthetic
appeal.
Goal: to improve quality of area as a gateway to Central Point and the Downtown.
SOUTHSIDE NEIGHBORHOOD (105.28 ACRES)
This sub area is one of the original residential neighborhoods of the City. The Southside
neighborhood was platted in 1887, almost two years prior to incorporation of the Town
of Central Point. This sub area is lacking in pedestrian improvements, and is in need of
infrastructure modernization and residential re -investment strategies. Along the
6 ORS 457.085(3)(b)
Paec 26 of 43
City of Central Point
Downtown & East Pine Street Corridor Revitalization Program
southern boundary of this sub area there is an older commercial area (old hospital) that
needs revitalization and integration into the neighborhood.
Goal: to improve the area as an attractive high density residential neighborhood to the
Downtown.
NORTHSIDE NEIGHBORHOOD (81.37 ACRES
This sub area is also part of the original Central Point plat (1887) and is an older
residential neighborhood north of the Downtown. The predominant land use in the
Northside Neighborhood is single-family detached, but now zoned for duplex (R-2). The
area is lacking in pedestrian improvements, and is in need of infrastructure
modernization, and residential re -investment strategies.
Goal: to strengthen the residential character of this neighborhood.
EAST PINE STREET CORRIDOR (86.54 ACRES)
This sub area includes the commercial area east of the 1-5 Interchange No. 33 and is
dominated by vacant commercial lands. Development of this sub area is challenged by
the need for major transportation improvements to both the regional and local street
network. The needed improvements are beyond the financial scope of any single
project.
Goal: to improve the area as the easterly gateway to the City and the Downtown.
In summary, the selection of the lands within the Urban Renewal Area is based on the following
considerations:
A. The presence of blighted conditions as described in Section 2.2, Current Conditions,
of this Report;
B. The need to create an environment that will attract private investment in the Area;
C. The need to renew and redevelop the public infrastructure in a manner that
encourages and leverages private investment in the Area; and
D. The revitalization of the Urban Renewal Area in such a manner as to facilitate and
strengthen the economic and aesthetic vitality of the Urban Renewal Area as the
City's traditional mixed-use urban core through the attraction and maximization of
public and private investments.
Together, the historic and geographic nature of the Urban Renewal Area, along with the specific
condition and needs of each sub area, serves as the reasoning for selection of the boundaries of
the Urban Renewal Area.
SECTION 2.4 PROJECT SELECTION
Urban Renewal Law requires that this Report discuss the "... relationship between each project
to be undertaken under the plan and the existing conditions in the urban renewal area.'" The
listed projects and activities were selected to target the elimination of an existing blight
ORS 457.085(3)(c)
Page 27 0 43
City of Central Point
Downtown & East Pine Street Corridor Revitalization Program
condition, or a condition that is an underlying cause of blight, in a manner consistent with the
goal of each sub area and the Mission, Goals and Objectives of the Urban Renewal Plan.
2.4.1 URBAN RENEWAL PROJECTS AND RELATIONSHIP TO BLIGHT
MITIGATION
The Urban Renewal Plan identifies fifteen (15) projects. Those projects are listed in Table 4.01.
Table 4.01
URBAN RENEWAL PLAN PROJECTS AND ACTIVITIES
Project No.
.„�_ Project Description-. ._-.
1
Downtown Core Area Streetscape Improvements
2
East Pine Street Improvements, East of 10`h Street
3
Neighborhood Sidewalks, Street Lighting, and Alleys
4
Hwy. 99 Corridor Improvements -
5
Intersection Signalization
6
Off -Street Parking
7
Underground Existing Pole Mounted Utility Systems
8
, Gebard Road Extension
9
Pfaff Park Renovation
10
Freeman Road Upgrade to Collector Street Standards
11
Peninger Road Southerly Extension
12
`,.Miscellaneous. Public Works
13
City of Central Point Community Center
14
Economic Development Incentive Program
15
Fire Safety
The primary purpose of each project is to encourage and facilitate private investment in the
Urban Renewal Area, targeting the elimination of blight related conditions. The following
discusses the relationship between each project in Table 4.01 and existing conditions within the
Urban Renewal Area:
1. DOWNTOWN CORE AREA STREETSCAPE IMPROVEMENTS. The streetscape system
within the Downtown Core Area (Figure 6, Downtown Core Area) is substandard
with regard to pedestrian, bicycle, and handicapped access, and as such are
inadequate considering the retail and commercial character of the downtown. For a
main street the sidewalks in the Downtown Core Area are narrow and cluttered
with a variety of obstructions making use of the sidewalks difficult, as well as
aesthetically unappealing. The purpose of this project is to improve not only the
function of the streetscape, but also the areas aesthetic appeal, both of which are
necessary to compete with newer commercial areas for private investment.
Implementation of this project will be accomplished through the preparation of a
master streetscape plan for the Downtown Core Area addressing the design and
establishment of standards for curb and gutter, sidewalks, crosswalks, street trees,
tree grates, street lights, plazas, gateways, corner extensions, and street furniture.
2. EAST PINE STREET IMPROVEMENTS, EAST OF 30TH STREET. Based on prior traffic
studies there has been identified the need for substantial improvements to East
Pave 28 of 43
City of Central Point
Downtown & East Pine Street Corridor Revitalization Program
Pine Street between Peninger Road and Hamrick Road. These improvements include
the widening and additional signalization for this section of East Pine Street. Much
of the area served by this section of East Pine Street is vacant commercial property,
the development of which is dependent on these improvements.
3. NEIGHBORHOOD SIDEWALKS, STREET LIGHTING, AND ALLEYS. Both the Northside
Neighborhood and the Southside Neighborhood (Figure 2, Urban Renewal Boundary
and Planning Sub Areas) are older residential areas, platted as far back as 1887. The
streetscape system in these areas is substandard including the absence of sidewalks,
limited street lighting and other pedestrian amenities characteristic of newer
residential neighborhoods. Consequently, the general curb appeal for these
neighborhoods is disadvantaged by the lack of such streetscape amenities as
sidewalks, street trees, and lighting. The installation of sidewalks and street lights on
all residential streets, and the pavement of alleys within the Northside
Neighborhood and Southside Neighborhood will assist in the stabilization of both
neighborhoods' aesthetic and property values.
4. HWY. 99 CORRIDOR IMPROVEMENTS. Similar to the Downtown Core Area
Streetscape project, the objective of the Hwy. 99 Improvement project is to improve
the overall safety and aesthetics of the Hwy, 99 corridor. As a primary gateway to
the City of Central Point Hwy. 99 has a significant impact on the City's image.
Improve Front Street from the proposed Twin Creeks railroad crossing south to Bush
Street to arterial street standards in accordance with an approved master street
plan for Hwy. 99, including, but not limited to travel lane reconfiguration, curb and
gutter, sidewalks, street lights, traffic signals, pedestrian lights, street trees and tree
grates, traffic signals, gateways, plazas, crosswalks, and landscaping.
S. INTERSECTION SIGNALIZATION. In conjunction with Projects 1, 2, 3 and 4 there will
be a need to install/upgrade/modify specific traffic signals. These signal
improvements are necessary for safety reasons and to maintain an acceptable level
of service necessary to accommodate development within and adjacent to the
Urban Renewal Area. The proposed signal locations are:
a. Twin Creeks Dr. install new railroad crossing and signalize 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,
curb and gutter, street surface improvement, railroad crossing signalization,
Hwy. 99 signalization, sidewalks, street lights, and landscaping.
b. Pine St. and Second St. add new signals;
c. Pine St. and Sixth St. add new signals;
d. Pine St. and Fourth St. remove existing signal;
e. Pine St. and Gebhard Road extension add a new signal;
f. Pine St. and Penninger Rd. modify/remove signal; and
g. Hwy. 99 and Fire District No. 3 Station add emergency signal.
6. OFF-STREET PARKING FACILITIES. The City owns two unimproved public parking lots
within the Downtown area. Because of the condition of these parking lots they are
both an aesthetic and air quality nuisance. All public parking constructed under the
provisions of this Section shall comply with the objectives and policies of the City of
Page 29 0 43
City of Central Point
Downtown & East Pine Street Corridor Revitalization Program
Central Point Transportation System Plan and with the applicable standards as set
forth in the Land Development Code.
The construction of the parking lots listed below shall be consistent with an
approved plan for downtown parking. During the planning and design phase of the
parking facility the Central Point Development Commission will have prepared a
written parking analysis to define the service area, determine the demand for
parking within the service area, the parking mix (leased vs. free), operating costs,
and parking duration (long-term vs. short-term).
a. Oak Street Facility. Design and construct a parking facility on the southeast
corner of Oak Street and Third Street.
b. Manzanita Street Facility. Design and construct a parking facility on the
southeast corner of Manzanita Street and First St.
7. UNDERGROUND EXISTING POLE MOUNTED UTILITY SYSTEMS. A major
consideration to the beautification of the Within the Downtown Core area, and
along Hwy. 99 underground existing overhead utilities.
8. GEBARD RD. EXTENSION. Extend Gebard Rd. from E. Pine St. as a collector street,
north to the City limits in accordance with the City's Transportation System plan.
This project was identified in the East Pine Street Traffic Study as a necessary
improvement to relieve traffic congestion on East Pine Street, thereby allowing the
development.
9. PFAFF PARK RENOVATION. Pfaff Park is centrally located within the Urban Renewal
Area and is in need of improvements, making it more useful and accessible to the
surrounding neighborhoods. The proposed renovations include new landscaping,
restroom facilities, playground equipment, and lighting. This is in addition to
perimeter sidewalks provided by Project No. 6.
10. FREEMAN ROAD UPGRADE TO COLLECTOR STREET STANDARDS. Freeman Road
serves as an easterly border to the Urban Renewal Area. Currently, Freeman Road is
a substandard street functioning as a collector. It is two -lanes in width with no curb,
gutter, sidewalk, bike lanes, or street lights. Freeman Road also functions as Transit
Route 40, Under current conditions Freeman Road is unsafe for pedestrian, bicycle
and transit use. The objective of this project is to upgrade Freeman Road from Oak
Street to Hopkins Road to collector street standards, making it a safe and
aesthetically attractive street.
11. SOUTH PENINGER ROAD EXTENSION. Extend Peninger Road south across Bear
Creek to collector street standards to intersect with Hamrick Road. Improvements
will include right-of-way acquisition, bridge crossing and bike lanes. This project was
identified in the East Pine Street Traffic Study as a necessary improvement to relieve
traffic congestion on East Pine Street, thereby allowing the development.
12. MISCELLANEOUS PUBLIC WORKS. Throughout the Urban Renewal Area, particularly
in the Downtown, Northside, and Southside neighborhoods, there is a need to
upgrade existing public facilities, such as water, storm drainage, etc., to serve
existing and future development in the Urban Renewal Area. Throughout the life of
the Urban Renewal Plan, the Central Point Development 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
Page 30 of 43
City of Central Point
Downtown & East Pine Street Corridor Revitalization Program
Renewal Area as necessary to further the objectives of the 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 and Gutters;
e. Sidewalks, including landscaping within right-of-way;
f. Street Work; and
g. Alley Paving.
13. CITY OF CENTRAL POINT COMMUNITY CENTER. The City of Central Point has
identified a need for a community center. Because of the central location of the
Urban Renewal Area to the Central Point community, location of the community
center within the Urban Renewal Area is being considered. A community center
would serve as a major use within the Urban Renewal Area generating additional
economic activity. This project is intended to proportionately assist in the design
and development of a community center within the Urban Renewal Area based on
the community center's benefit to the Urban Renewal Area. Prior to any financial
participation in the community center it will be necessary that the Central Point
Development Commission determine the percentage benefit of the community
center to the Urban Renewal Area.
14. ECONOMIC DEVELOPMENT INCENTIVE PROGRAMS. In an effort to facilitate private
investment in the Urban Renewal Area in conjunction with the Urban Renewal
Plan's projects 1 through 13 the Central Point Development Commission will design
and make available incentives the will encourage private sector investment in the
Urban renewal Area. Prepare and implement economic development incentive
programs that encourage residential and commercial development/redevelopment
within the Area.
15. FIRE SAFETY. As a result of the Urban Renewal Area's revitalization in residential
and commercial structures it will be necessary to increase capital investment in fire
safety equipment sufficient to maintain acceptable levels of fire safety service. This
project anticipates, and provides funds, for the addition of fire safety equipment.
The specific need and timing for such equipment will be coordinate with Fire District
No. 3.
SECTION 2.5 PROJECT COSTS, FUNDING, COMPLETION, AND
MAXIMUM INDEBTEDNESS
Urban Renewal law requires that this Report address the "... estimated project and activity
costs and sources of moneys to pay such costs.8i
E ORS 457.085(3)(d)
Pagc31 or43
City of Central Point
Downtown & East Pine Street Corridor Revitalization Program
2.5.1 PROJECT COSTS
Table 5.1 identifies the estimated cost of the urban renewal projects and activities, and their
revenue sources. The total estimated cost of all projects and activities, including administration,
is $67,295,785. The source of funding for these projects and activities will come from tax
increment revenue ($43,177,530) and other sources such as system development fees, grants,
and developer participation ($24,118,255).
The administration costs for materials and administrative services have been estimated at
approximately 6% of total project cost. Over the duration of the Urban Renewal Plan (25 years)
it is estimated that $2,431,278 will be needed for materials and administrative services.
Administrative services include such services as legal, accounting and annual audits, general
administration, bond counsel, general consulting services, etc.
These costs are stated in 2011 dollars and are based on prior engineered studies prepared by
the City. Included in the cost of each project are design services, legal services related to the
project, construction costs, and construction management.
2.5.2 MAXIMUM INDEBTEDNESS
Table 5.1
URBAN RENEWAL PROJECTS AND COST ESTIMATES, 2011-37
Project No. Project Description Estimated Agency Funding Other Funding
Total Project
1
Downtown Core Area Streetscape Improvements
$7,197,511
$5,792,291
$1,405,220
2
- East Pine Street Improvements
$5,564,984
$3,617,240
'. $1,947,744
3
Neighborhood Sidewalks, Street Lighting, and
$2,121,071
$1,484,750
$636,321
4
Hwy. 99 Corridor improvements -
$1,939,104
$1,163,462
$775,642
5
Intersection Signalization
$5,104,818
$3,573,373
$1,531,445
6
Off -Street Parking
- $555,617
$277,809
$277,809
7
Underground Existing Pole Mounted Utility
$4,000,000
$3,400,000
$600,000
8
'Gebard Road Extension
$2,500,000
$1,500;000
$1,000,000
9
Pfaff Park Renovation
$206,464
$144,525
$61,939
10
FreemanRoad Upgrade to Collector Street
$1,474,271
'$737,136
$737,136
11
Peninger Road Southerly Extension
$16,046,726
$9,628,036
$6,418,690
12
Miscellaneous Public Works
$2,234,648
$1,340,789
1 $893,859
13
City of Central Point Community Enter
$4,305,303
$1,076,326
$3,338,977
14
Economic Development Incentive Program'
$6,000,000
$6;000,000
$0.00
15
Fire Safety
$5,613,990
$1,010,518
$4,603,472
TOTAL PROJECT COSTS
$64,864,507
$40,746,252
$20,795,988
OPERATING COSTS (6Y of Total Project Cost(
$2,431,278
$2,431,278
-
TOTAL PROGRAM COSTS ,$67,295,785 $43,177,530 $24,118,255 1
In accordance with ORS 457.190 the Urban Renewal Plan has set a Maximum Indebtedness of
$43,177,530. Each year the Agency will adjust the Maximum Indebtedness per ORS
457.190(4)(d). The adjustment will be based on the Engineering News Record Construction Cost
Index as presented in Section 2.5.4, Index to Adjust Project and Activity Dollar Values, of this
Report.
Parc 32 of 43
City of Central Point
Downtown & East Pine Street Corridor Revitalization Program
Table 5.2
MAXIMUM INDEBTEDNESS
.Projects. and Activities ;u$,,, I m $40,746}252'-,
Administrative Costs $ 2,431,278
Maximum Indebtedness " r` * r$43 177�530p
2.5.3 PROJECT COMPLETION DATES
The completion of each project will be a function of the availability of tax increment revenue
and other revenue sources. Based on the availability of tax increment revenue (see Section 2.7,
Financial Analysis, for discussion, Table 7.1) It is estimated that there will be sufficient revenue
to complete all projects and activities no later than June 30, 2037.
Page 33 of 43
City of Central Point
0 Downtown Core Area
jOj Urban Renewal Boundary
Central Point
Downtown Core Area
Paee 34 or43
City of Central Point
Downtown & East Pine Street Corridor Revitalization Program
Table 5.4
HISTORIC COMBINED TAX RATES BY TAXING AUTHORITY. 1997-2012
EXHIBIT "B"
Fiscal =�- 'tiiy :o( - Jackson -. ",Fire ' _ Rogue' -s Vector Soil �
;.�Total '
School _�-Education ,N--�- -Rogue
.Total ;r
a '.TOTAL,.`-
Year,- . '_Central County District Valley -: :Control Conservation
Non- -
-District ' ''`'service=� " -Community
Schools
Non'-
' Point - -. No. 3.." '+Transit - ` ;- -. -
- Schools °'
>No.6 " .. ' District - .. Colle a
:-.
. --School'- -
1997-98
$5.83
$1.97
$2.07
$0.17
$0.04
-
$10.08
$5.13
$0.35
$0.50
$5.98
$16.06
1998-99
$583
x$1.97
'_$2107"`-
`' $0.17
$0.04
_$1008.
., ,$5:13
$0.35
- :$0.50':_.,
.,$6.08-..,
.$16:16"
1999-00
$5.83
$2.01
$2.02
$0.18
$0.04
$10.08
$5.24
$0.35
$0.51
$6.10
$16.18
200001
"';$583
'a$2.28',--,
$1.96
$0.18
- ,$0.04
y_ _'_
'$10.29
'$518
•"$035
"", $0:51-
$6.04
$16.34'
2001-02
$4.47
$2.39
$2.69
$0.18
$0.04
-
$9.77
$4.41
$0.35
$0.51
$5.28
$15.05
2002-03
-$4.47,
:$2.38 `.•
- _ $2.99
$0.18
,$0.04 >
_
: -$10 06
--' $5.91 _
10.35
_
_� _ _- $0 51- -"'
$6.78
$16.84'-
2003-04
$4.47
$2.50
$3.12
$0.18
$0.04
-
$10.31
$6.05
$0.35
$0.51
$6.91
$17.23
200405'=""$447.
$2.47
.-$3.12-_
_
$58^`$
3"
1_
$668
2005-06
$4.47
$2.27
$3.12
$0.18
$0.04
-
$10.08
$5.74
$0.35
$0.51
$6.61
$16.69
2006-07
_,_-_$447.,`
$2.24',"--x$3.12
$0:18
3$0_04_ -_.=''-
V$0.04
-- -
$1005'
.$576 ',£x.$035
= -$0:51--'-'
$6.62_
$16.67_1
2007-08
$4.47
$2.25
$3.12
$0.18
$0.05
$10.11
$5.72
$0.35
$0.51
$6.59
$16.70
200809:,
.',$4.47 -
$2.34,
'__$3112:
:`: $018'
'$0.04 :.$005
.-,$1020-
,-..$5.73"
$0.35
- x$051 .,'-'_
$6.59=`
_$16.79
2009-10
$4.47
$2.37
$3.12
$0.18
$0.04
$0.05
$10.23
$5.57
$0.35
$0.51
$6.43
$16.66
2010-11
$4.47 =
-$2.33.
`-'`$3.12
.$0.18__;>-$0.04.__
.;-$0.05-
---_$10.19
$5.60
•'j$035,'"i
-, $O SL-'
$6.46,
. $16651:
2011-12
$4.47
$2/26
$3.12
$0.17
$0.04
$0.05
59.93
$5.67
$0.35
$0.62
$6.65
1 $16.58
AVERAGE �-
$4.83
$2;26` ;
'$2:79
$0.18 , ,
$0.04 , ""$0:05`
_,
J.$10.12�
$5.52.
$0:35
,
= ='$0 52 �' -'_'
'$6:39"'
: $16.50
Source: Jackson County Assessors Office
City of Central Point
Downtown & East Pine Street Corridor Revitalization Program
EXHIBIT "B"
2.5.4 INDEX TO ADJUST PROJECT AND ACTIVITY DOLLAR VALUES
The project and activities costs presented in the Urban Renewal Program are stated in terms of
June 2011 dollar values. It is expected that the cost of implementing the Urban Renewal Plan
over time will either increase, or decrease throughout the duration of this Plan as a function of
changes in the cost of construction. To account for increased costs this section will provides a
methodology for adjusting the Plan's implementation costs. Further, it is the intent of this
section to establish a methodology that complies with ORS 457.190(4)(d).
The ENR index for Construction is published weekly by:
Engineering News Record
McGraw-Hill, Publisher
1221 Avenue of the Americas
New York, New York 10020
Phone: (212) 512-2000
No later than July 30`I' of each year the Agency shall calculate the outstanding cost of each
project and increase, or decrease, all outstanding costs based on the following methodology:
Tl a Engineering News Record (ENR) for Construction Costs
Seattle (Northwest) will be used to adjust the June 2011
dollar figure to establish project and activities dollar values
for subsequent years. The ENR Construction Index for June
1, 2011 was 9104. Annually, for the month of June of
subsequent years, the outstanding construction cost
estimates for each project shall be adjusted by using the
ENR Index for Construction reported for June of each
subsequent year. The Agency shall modify, by resolution,
Table 8.1 for each affected project.
Index Point Change
June 2011 Index - 9104
June 2010 Index = 8805
Changeinlndex = 299
Percentage Change inIndex
Changeinlndex = 299
June 2010 Index / 8805
An example of how the indexing process is herein intended Percentage Change in Index = 3.4%
to function, using March 2010 and June 2011 figures, is as follows:
Under this example, there is an increase in construction costs of 3.4% between June 2010 and
June 2011. In 2010 for each $1,000 in project cost the adjusted 2011 value would increase to
$1,033.96.
SECTION 2.6 ESTIMATED TAX INCREMENT REVENUE AND DEBT
RETIREMENT
Urban Renewal Law requires that this Report provide an estimate of the "... amount of money required
in each urban renewal area under ORS 457.420 to 457.460 and the anticipated year in which
indebtedness will be retired or otherwise provided for under ORS 457.420 to 457.460.9' The tax
increment revenue to the Agency was estimated based on the following inputs:
1. Ballot Measure 5 Growth Rate. It is estimated that over the duration of the Urban Renewal Plan
that the average Ballot Measure 5 growth rate will be 2.5% vs. the maximum allowed 3%.
Currently, the average annual growth of assessed value within the Urban Renewal Area is less
than 1.6%.
9 ORS 457.095(3)(f)
City of Central Point
Downtown & East Pine Street Corridor Revitalization Program
2. Population Growth. As a result of the revitalization strategies of the Urban Renewal Plan it is
estimated that throughout the duration of the Urban Renewal Plan 8% of all new residential
development in the City will occur within the Urban Renewal Area, and that 50% of all
commercial development will occur within the Urban Renewal Area. Both the number of
housing units and commercial square footage were based on population growth as projected in
the Comprehensive Plan's Population Element.
3. Consolidated Tax Rate. Table 5.4 contains a history of the tax rates for each affected taxing
district from 1997-98 to 2011-12. Although the historical average is $16.50/$1,000, projections
for future tax increment revenue are based on a more conservation $15.15/$1,000 of assessed
value. The $15.15 consolidated rate was derived from the base rate of each affected taxing
district.
4. Urban Renewal Plan Duration. The Urban Renewal Plan is expected to have a 25 year duration
beginning in fiscal year 2011-12 and ending on June 30, 2037. All projects and activities will be
completed and all Agency indebtedness retired no later than June 30, 2037.
Table 6.1 identifies the estimated annual and cumulative amounts of tax increment revenue
($51,970,747) that will be available to the Urban Renewal Agency throughout the duration of the Plan.
Tax increment proceeds are expected to be distributed to the Urban Renewal Agency beginning in FY
2012-13 and be terminated at the end of FY 2036-37.
The Urban Renewal Agency's authorized maximum indebtedness to implement the provisions of the
Urban Renewal Plan is $43,177,530. Funds available to the Urban Renewal Agency are estimated to be:
Tax Increment Revenue $51,970,747
Interest on Funds $ 198,429
Other Income (Loans/Grants/Other) $21,278,639
TOTAL FUNDS AVAILABLE: $ 81,965,648
These funds will be used to leverage the maximum indebtedness of $43,177,530 to complete all projects
and activities by the Fiscal Year 2036-37. After Fiscal Year 2036-37 should there be a surplus of tax
increment proceeds, ORS 457.450(3) requires that surplus funds, if any, will be turned over to the
County for distribution, prorated, to the affected taxing districts.
The generation of $50,567,108 in tax increment revenue will require, based on the projected combined
tax rate, an increase in the assessed value of the Urban Renewal Area from a Base Year (FY 2011-12) AV
of $131,424,528 to an AV of $435,123,339 for an increase of $303,698,811. If the improvements
proposed in the Urban Renewal Plan were not implemented, most of this increase would not be
possible.
All projects and activities will be completed and all incurred debt repaid no later than Fiscal Year 2036-
37 at which time tax increment collections will be reduced to a level sufficient to pay only outstanding
debt service obligations. When the tax increment process is terminated at the end of fiscal year 2036-
37, the balance of the increase in AV will be available to each of the affected taxing districts. During the
estimated 25 -year period in which the tax increment process will be in place, the affected taxing districts
will continue to receive property taxes from the estimated Base Year assessed value of $131,424,528.
Page 37 of 43
City of Central Point I
EXHIBIT "By'
Downtown & East Pine Street Corridor Revitalization Program
Table 6.1
PROJECTED URBAN RENEWAL AREA ASSESSED VALE AND TAX INCREMENT REVENUE
Fiscal Year Assessed Value Base Value Incremental Value Combined Tax Annual Tax
Rate Increment Revenue
2011-12
$131,424,528
$131,424,528
-
$15.15
-
2012-13
$134,710,141
'$131,424,528
$3,285,613'
$15.15
$49;744
2013-14
$142,713,477
$131,424,528
$11,288,949
$15.15
$170,915
2014-15
$153,289,282
$131,424,528
$21,864,754
$15.15
$331;032
2015-16
$162,034,979
$131,424,528
$30,610,451
$15.15
$463,442
2016-17
$170,847,746>.$131,424,528
$39,423,218
$15.15
$596,868
2017-18
$182,295,549
$131,424,528
$50,871,021
$15.15
$770,187
2018-19
$191,779,034
$131,424,528
$60,354,506
$15.15
$913,767
2019-20
$203,993,711
$131,424,528
$72,569,183
$15.15
$1,098,697
2020-21'
$216,663,658
$131,424,528
$85,239,130
$15.15
2021-22
$226,958,822
$131,424,528
$95,531,294
$15.15
$1,446,344
2022-23
$237,581,075
$131,424,528' s.
$106,156,547
$15.15
$1,607,210
2023-24
$248,547,746
$131,424,528
$117,123,218
$15.15
$1,773,246
2024-25
$259;877,001.
- $131,424,528
$128,452,473,. _.-
$15.15
°$1,944,770
2025-26
$271,565,273
$131,424,528
$140,410,745
$15.15
$2,121,731
2026-27
x$283,305,763-
$131,424,528
$151,881,235'
$15.15
$2,299,482
2027-28
$296,564,973
$131,424,528
$165,140,445
$15.15
$2,500,226
2028-29
$310,256,712
$131,424,528 •
$178,832,184
.$15.15
$2,707519
2029-30
$324,404,424
$131,424,528
$192,979,896
$15.15
$2,921,716
2030-31
$338,994,245
;$131,424;528
$207,569,717
$15.15
$3,142,606
2031-32
$353,809,871
$131,424,528
$222,385,343
$15.15
$3,366,914
2032-33
$369,096,935
$131,424,528'
$237,672,407 -
$15.15
$3,598;360
2033-34
$384,867,225
$131,424,528
$253,442,697
$15.15
$3,837,122
2034-35'
$401,120,188
-X5131,424,528
$269,695,660
$15.151.
$4,083;192
2035-36
$417,893,155
$131,424,528
$286,468,627
$15.15
$4,337,135
2036-37 $435,123,339 c. _ °$131,424',528 $303,698,811' " $15.15 $4,598;000'
TOTAL TAX INCREMENT REVENUE $51,970,747
Source: City of Central Point Community Development Department
City of Central Point EXHIBIT "B"
Downtown & East Pine Street Corridor Revitalization Program
SECTION 2.7 FINANCIAL ANALYSIS
Urban Renewal Law requires that this Report include a "... financial analysis of the plan with sufficient
information to determine feasibility.1°" The Urban Renewal Plan's financial feasibility is demonstrated in
Table 7.1 where annual sources of revenue and expenses are identified, including financing
opportunities and debt service costs. The primary revenue source for urban renewal is tax increment
revenue, and the ability of tax increment revenue to support and leverage debt. Previously, in Section
2.6, Estimated Tax Increment Revenue and Debt Retirement, the estimated increase in assessed value
and annual tax increment revenue resulting from implementation of the Urban Renewal Plan was
identified, while in Section 2.5, Project Costs, Funding, Completion, and Maximum Indebtedness, total
Urban Renewal Program costs were identified.
With no urban renewal program to correct the problems discussed in this report, the cost to provide
services within the Urban Renewal Area can most definitely be expected to rise in relationship to
property values - particularly in the Downtown Core Area and the Northside Neighborhood, and the
South Side Neighborhood.
As with other cities which have implemented and completed urban renewal programs, the program
does stimulate new development and renovation of existing property. In the process it creates
significant amounts of new taxable assessed value. Most of this new assessed value would not exist if
not for the Urban Renewal Program.
SECTION 2.8 A FISCAL IMPACT STATEMENT
As required by Urban Renewal law this section addresses the need for a "... fiscal impact statement
that estimates the impact of the tax increment
0.51%'
financing, both until and after the indebtedness is
Table 8.1
repaid, upon all entities levying taxes upon property in
HISTORIC ASSESSED VALUE GROW IN URBAN
u„
the urban renewal area. The Urban Renewal Plan's
RENEWAL AREA 2007-2012
fiscal impact is based on the loss and/or gain of tax
FiscalYea r Assessed Value • % Change
`
revenue that each affected taxing district will
.' from Prior
experience throughout the duration (indebtedness
2006-07 $121,560,032 -
period)ofthe Plan, and immediately after closure of
2007-08 �,q.,j$127,684,191 5.04=
the Urban Renewal Plan (post indebtedness).
2008-09 $130,825,533 2.46%
Applying this average growth rate to each of the taxing
districts throughout the duration of the Urban
Renewal Plan yields a consolidated loss (all affected
taxing districts) in tax revenue of $11,802,104. The
fiscal impact to each taxing district is identified in
Table 8.2. Also shown in Table 8.2 is the percentage of
the Urban Renewal Area's assessed value to that of the
affected taxing district.
2.8.1 FISCAL IMPACT FY 2011-37
2009.10
. $731,489, 250
0.51%'
2010-11
$133,371,628
1.43%
2011-.127$131,424,528
-1.46% -
ANNUAL AVERAGE
1.60%
Source: City of Central Point Community
Development Department and Jackson County
Assessor's Office
During the Plan's duration it is expected that the affected taxing districts will be fiscally
impacted as a result of the Urban Renewal Plan. The Urban Renewal Plan will not affect current
or future tax rates, but will negatively affect growth in the assessed value available to the taxing
districts. The loss in assessed value was calculated based on the loss of tax revenue from the
incremental assessed value increases between FY 2011-12 and FY 2036-37, which was based on
10 ORS 457.095(3)(g)
" ORS 457.095(3)(h)
City of Central Point
Downtown & East Pine Street Corridor Revitalization Program
the average annual growth rate (1.6%) in assessed value for the Urban Renewal Area since FY
2006-07 (see Table 8.1)".
Table 8.2
URBAN RENEWAL FISCAL IMPACT ON AFFECTED TAXING DISTRICTS
Taxing District !'i, 2011-12 Tax 2011-12 URA %.. of 25 Year
".'DistrictAssessed Assessed Value District. District Tax
Value�' Assessed Revenue' Loss
+v' Value in -
City of Central Point
$1,036,034,076
$131,424,528
12.7%
$3,435,140
Jackson County.
$16,449,455,277
$131,424,528
0.8%
$1;544,660
Fire District No. 3
$3,654,905,277
$131,424,528
3.6%
$2,397,681
Rogue Valley Transit District
$12,520,903,116
$131,424,528
1.0%',.
$138,328
Vector Control
$16,449,455,277
$131,424,528
0.8%
$30,740
Water Conservation
$16,449,455,277
$131;424,528
0.80%
$38,424 -
School District No. 6
$2,215,710,700
$131,424,528
5.9%
$3,389,030
Rogue Community College '^
$16,449,455,277
$131,424,528
0.8%
$391,929
Education Service District
$16,449,455,277
$131,424,528
0.8%
$268,971
TOTAL FISCAL IMPACT TO ALL TAXING DISTRICTS
$11,634,902
Source: City of Central Point Community Development Department, Jackson County Assessor's Office
2.8.2 POST INDEBTEDNESS FISCAL IMPACT
Beginning in FY2037-38 the affected taxing districts will realize increases in tax revenue as they
recapture the Urban Renewal District's Incremental Value, which as a result of the Urban
Renewal Program will have increased to $303,698,811. Beginning in fiscal year 2037-38 an
estimated $321,473,429 in incremental assessed value will be released, resulting in the
distribution of an estimated $4,446,230 in tax revenue. The distribution of the recaptured
property tax revenue to each of the affected taxing districts is shown in Table 8.3. As illustrated
in Table 8.3 it is projected that by fiscal year 2039-40 (breakeven point) all affected taxing
districts will have recovered their fiscal impact as identified in Table 8.2.
The net fiscal impact of the Urban Renewal Plan results in the positive long-term fiscal
strengthening of not only of the Urban Renewal Area, but also of each affected taxing district.
The fiscal benefits illustrated in Table 8.3 would not be possible without the public and private
investment in the Urban Renewal Area resulting from Implementation of this Plan.
Although not calculated in the above fiscal impact analysis it is worth noting that the Urban
renewal Program will also have a positive "spin-off" on the assessed value of areas adjacent to
the Urban Renewal Area. As an example, the construction of the Hwy. 99 railroad crossing and
intersection (Project No. 5a) will facilitate the continued development of the Twin Creeks TOD,
most of which is outside of the Urban Renewal Area. Similarly the improvements to East Pine
Street east of 1-5 (Projects 2 and 11) will facilitate the continued commercial development of
property adjacent to and east of the Urban Renewal Area.
1
2 Annual assessment information for the Urban Renewal Area only available since FY 2006-07.
Page 40 ur43
City of Central Point EXHIBIT "B"
Downtown & East Pine Street Corridor Revitalization Program
.Table 7.1 1 I 1 ,
CITY OF CENTRAL POINT URBAN RENEWAL PROGRAM
ESTIMATED SOURCES OF URBAN RENEWAL AGENCYS FUNDS AND ANNUAL DISPOSITION OF SUCH FUNDS,
FISCAL YEARS 2013-2037 (Measured in Current Dollars, 2011)
NO r,
I Wan inlere5tram caLulamJ ataS`-Tlming Fnwd ua WWLrvnge deM service rvtio ofl?or FNmr
Ca I, IaIad 8125 a l arCun in, 098Lle, Pon. and
3heI ill c"rDl, ,m Balarnu Fn- and fTnm pd r, -A D fi na l yrarl ndude s DIRreicz Ih.erces Tnml�
a eumd onInaofIll namount.,-ldIhrouyb I, fa ofloan and umd a,, Il na l to an a,r-at.
' Averapua appmxfmaml l 15%orla, Ld Cn.t,
"iN, d ea an doM s. n ue rano of l imp 11111
AVAILABILITY OF FONDS
DISPOSITION OF FUNDS
an
Invement
Debt Servire
Contingenq
Total Fuld$
Projects and
Personnel
Materiah
antl
Debt Servi¢
Contingency
D -I Year
Year
Annual
I F-edi
Batia IDSO)
Loan$-
Bala -2
Other lnrom ec
AvailaElea
A[trvRies
Servi[ei
Servires
Annual O ebt Service
Reserve ll0%je
Total Costs
Balance Fal -4
BASEYEAR-
,q_�:a-..
201213
1
5
49,744
- $
125,000
$
-
5 -
$ 1]8,]44
$ 115,000
$ 4,600
$
2,300
5 40,362
$ -
$ 162,262
$ 12,403
2013-14
2
$
1]0915
$
-
$
250
$ -
$ 183.64]
5 125,000
$ 5,000
$
2500
$ 40,362
5 -
5 1]2,862
$ 10,]86
201415
3
$
331,072
- $
-
$
216
5 -
$ 343,034
$ 260,000
5 10,400
$
5,200
$ 40,362
$ -
$ 315,962
5 26,072
2015-16
$
463,442
- $
-
5
521
5
$ 490,036
$ 390,000
5 15,600
5
7,800
$ 40362
5
5 453,762
$ 36,2]4
2016-17
5
5
596,868
130 $
5,000,000
5
725
5 -
$ 5,333,867
$ 3,000,000
$ 120,000
$
60,000
$ a58,758
5 500,000
$ 4,138,758
$ 1495,109
2017-18
6
$
770,107
l.ba 5
-
S
39,902
5 -
5 2,305,199
$ 1621,070
$ 65000
$
32,500
$ 418,397
5
$ 2,140,097
S 164302
2018-19
7
5
913,767
218 $
-
5
3,286
5 -
$ 1081,355
$ 575,000
5 23,000
5
11,500
$ 418,391
$ -
5 1,02],89]
5 53,459
2019-20
8
$
1,098,697
2.63 5
-
5
1069
$ -
5 1,153,225
$ 635DO0
$ 25,400
5
12,700
5 418,397
$
$ 11091497
$ 61,728
2020-21
9
5
1,290,520
130 5
6,500,000
5
3,235
$
5 7,053,483
$ 4,250,000
$ 170,000
5
85,000
Is 996,376
$ 650,000
5 6,151376
5 1,]02,10]
2021-22
10
$
1446,3a4
1.45 5
-
$
47,042
$ -
5 3,195493
$ 1,900,000
$ 76,000
5
'a000
5 996376
5
$ 3,010,376
$ 105,117
2022-23
11
5
1,607,230
1.61 5
-
5
3701
$ -
5 1,796,030
5 690,000
5 27,600
$
13,000
5 996,376
5
5 1727,776
5 60,254
202324
2
5
1,]]3346
117 5
4,000,000
$
1,36$
$ -
5 5,842,864
5 3,000,000
S 120,000
5
fi0,000
$ 1,394,878
5 400,000
5 4,974,878
$ 867,98fi
2024-25
13
5
1,944,]]0
139 5
-
$
25,360
$ -
$ 2,838,116
5 11255,n0O
$ 50,200
$
25,100
5 1,394,878
5 -
$ 2,725,178
5 112,937
702536
14
5
2,121,731
1.52 $
-
5
2,259
5 -
$ 2,236,921
5 725,000
5 29,000
$
14500
5 1,394,878
5 -
5 2,163,378
5 73548
2023-27
15
$
2,299,8.
165 $
-
$
1471
5 -
$ 2374,501
5 845,000
S 33,800
$
16,900
$ 1,394,878
5 -
$ 2,290,570
5 83,923
2027-28
16
5
2,500,226
1.29 $
4,250,000
5
1679
$ -
$ 6,835,826
5 2,600,000
5 104,000
$
52,000
$ 1,945,273
5 425,000
$ 5,126,273
5 1,709,555
202&29
17
$
2,707,519
139 $
-
$
42,691
5 -
$ 4,459,765
5 2,175,000
5 87,000
5
43,500
$ 1,945273
$ -
$ 4,250,]]3
5 208,992
2,029-30
10
$
2,921,716
150 5
-
$
4,100
5 -
$ 3,134,886
$ 1p25pCD
5 41p00
$
20.500
$ 1,945,273
5 -
$ 3,031,]]3
$ 103,115
2030-31
19
5
3,143606
162 $
-
5
2,062
5 -
$ 3,247,782
$ 1,125,000
5 45,000
$
22,500
5 1,985,273
5 -
5 3,137,773
5 110,010
2031-3d
20
5
3,366,914
1 73 $
-
5
2,200
5 -5
3,479,124
$ 1,325,000
$ 53,000
5
2k5011
5 1,985,273
$
$ 3,349,773
5 129,351
2032-33
21
$
3,598,360
1.85 5
-
5
2587
$ -
5 3,730,298
$ 1540,000
5 61,600
5
30,300
$ 1,945,273
5
$ 3,577673
5 152,6251
203334
22
5
3,837,122
197 5
-
5
3,053
5 -
5 3,992,800
$ 1,750,000
$ 70,000
5
35,000
$ 1985,273
$ -
5 3,800,273
5 192,527
203435
23
5
4,083,192
2.10 5
-
$
3,851
5 -
5 a,279,570
$ 2,025,000
$ 81,000
5
40,500
5 1945,273
5
$ 4,091,773
5 187,797
2035-36
24
5
8,337,135
2.23 5
-
$
3,756
$ -
5 4,528,688
$ 2350000
5 90,000
5
85,000
$ 1,945273
5
5 8,330,273
$ 190415
2036-37
25
$
3J14,3fi1
315 5
$
3,968
5 1,9]5000
5 5,371]84
S 5,525,000
$ 224,730
5
110,500
5 1,486,515
5 (1,975,000)
5 5,3]1,]45
5 (01
iotal5
5
50,56],108
$
19,875,000
$
198..29
Ts 1,9]5,000
$ 80,562,009
S 40,]30,000
5 1.632,930
$
814,600
$ 29,438,008
$
$ 7E, 615,538
$ ],9464]1
T(ITALNNDS ANA LAdLE
90,562,009
TOL1L [IISVOSI'I'TON OY FUNDS
80,562,009
NO r,
I Wan inlere5tram caLulamJ ataS`-Tlming Fnwd ua WWLrvnge deM service rvtio ofl?or FNmr
Ca I, IaIad 8125 a l arCun in, 098Lle, Pon. and
3heI ill c"rDl, ,m Balarnu Fn- and fTnm pd r, -A D fi na l yrarl ndude s DIRreicz Ih.erces Tnml�
a eumd onInaofIll namount.,-ldIhrouyb I, fa ofloan and umd a,, Il na l to an a,r-at.
' Averapua appmxfmaml l 15%orla, Ld Cn.t,
"iN, d ea an doM s. n ue rano of l imp 11111
City of Central Point EXHIBIT "B"
Downtown & East Pine Street Corridor Revitalization Program
Table 8.3
POST INDEBTEDNESS FISCAL IMPACT AND BREAKEVEN POINT
Taxing District Total Fiscal FY2037-38 Breakeven
Impact Revenue Gain.. Point in
_ on Years
•Incremental
Value
City of Central Point
$3,435,140
$1,146,659
3.0
lackson.county
;x,$1,544,660.•-
$515,612 •
3.01
Fire District No. 3
$2,397,681
$1,022,997
2.4
Rogue Valley. Transit,District
$138,328
$57,865
2.4
Vector Control
$30,740
$12,859
2.4
water conservation,,'
$38,424
$16,074':•
2.4
School District No. 6
$3,389,030
$1,417,698
2.4
Rogue community College
$391,929
$163,951
X2.4
Education Service District
$268,971
$112,516
2.4
TOTAL. - -
,$11,634,902
$5,458,338
2.62
Source: City of Central Point Community Development Department, Jackson County
SECTION 2.9 RELOCATION REPORT
Because of the ability of the Central Point Development Commission to acquire property Urban Renewal
Law requires "... a relocation report which shall include:
A. An analysis of existing residents or businesses required to relocate permanently or
temporarily as a result of agency actions under ORS 457.170;
B. A description of the methods to be used for the temporary or permanent relocation of
persons living in, and businesses situated in, the urban renewal area in accordance with
ORS 35.500 to 35.530; and
C. An enumeration, by cost range, of the existing housing units in the urban renewal areas
of the plan to be destroyed or altered and new units to be added .13,,
2.9.1 PROPERTIES REQUIRING RELOCATION
At this time the Central Point Development Commission does not expect to acquire occupied
properties. However, should the Central Point Development Commission, in the implementation
of the Urban Renewal Plan, determine that acquisition of occupied property is necessary; then
the Central Point Development Commission shall comply with the relocation requirements of
the Urban Renewal Plan, Section 1.6.5, Relocation Activities.
2.9.2 DESCRIPTION OF RELOCATION METHODS
ORS 457 requires that relocation assistance to occupied property be provided by the Urban
Renewal Agency. Accordingly, subsection 1.6.5, Relocation Activities, of the Urban Renewal Plan
requires the relocation provisions of ORS 281.045.106 be met and that relocation payments be
made as provided by ORS 281.060.
13 ORS 457.095(3)(i)
City of Central Point
Downtown & East Pine Street Corridor Revitalization Program
2.9.3 ENUMERATION OF HOUSING UNITS REQUIRING RELOCATION
At the time of adoption of this Plan no residential properties have been designated for
acquisition. If at such time the Urban Renewal Plan is amended to acquire property requiring
residential relocation, then the Central Point Development Commission shall amend this section
to include an enumeration of the dwelling units to be demolished and replacement strategies.
Page 43 o1 43
City of_Central Point, Oregon
140 S 3rd Street Central Point, OR 97502
541.664.3321 Fax 541.664.6384
www.centralpointoregon.gov
November 20, 2012
Joshua Gibson, Assessor
Jackson County Assessor's Office
10 South Oakdale
Medford, OR 97501
Dear Mr. Gibson,
POINTChristopher Clayton, Interim City Manager
`fir nDor Deanna Casey, City Recorder
Paul Nolte, City Attorney
In accordance with ORS 457.450 the City of Central Point hereby provides formal notice to the
Jackson County Assessor's Office of adoption of the DOWNTOWN & EAST PINE STREET
CORRIDOR REVITALIZATION PLAN, an Urban Renewal Plan of the City of Central Point
(the "Plan"). The City Council, at its regular meeting of March 8, 2012, adopted Ordinance No.
1955 approving the Plan. On March 15, 2012 the Plan was recorded at the County Clerk's Office
as document No. 2012-007870.
The Plan was adopted in conformance with all applicable legal requirements, and in accordance
with ORS 457.135 is now presumed valid.
Sincerely,
Hank Williams
Mayor
City of Central Point