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Home My WebLink AboutDCP061313CENTRAL POINT Members: Hank Williams Allen Broderick Bruce Dingler David Douglas Ellie George Kelly Geiger Rick Samuelson Staff Liaison: Chris Clayton Don Burt City of Central Point Development Commission Meeting Agenda Thursday, June 13, 2013 6:00 P.M. Central Point Council Chambers 140 S. 3rd Street Central Point, Oregon Meeting time, date, or location may be subject to change. Please contact the City Recorder at 541- 423 -1026 for additional information. I. MEETING CALLED TO ORDER - 6:00 p.m. II. ROLL CALL III. APPROVAL OF MINUTES A. Development Commission Minutes for October 22, 2012. III. DISCUSSION ITEMS A. Central Point Urban Renewal Project Guide VI. BUSINESS A. Resolution No. 2013 -01, Minor Amendment to the Urban Renewal District Boundary B. Resolution No. 2013 - 02, Minor Amendment to the Urban Renewal Plan Base Value DCP061313 Pagel C. Resolution No. 2013 -03, FY 2013 -14 Budget of the Central Point Development Commission V. ADJOURNEMENT DCP061313 Paget CITY OF CENTRAL POINT Development Commission Minutes October 22, 2012 REGULAR MEETING CALLED TO ORDER Chair, Mayor Hank Williams called the meeting to order at 6:00 p.m. II. ROLL CALL: Chair: Mayor Hank Williams Commission Members: Allen Broderick, Bruce Dingier, Carol Fischer, Kelly Geiger, Kay Harrison, and Ellie George were present. Interim City Manager Chris Clayton; Community Development Director Tom Humphrey; Parks and Public Works Director Matt Samitore; Planning Manager Don Burt; and City Recorder Deanna Casey were also present. III. APPROVAL OF MINUTES A. Approval of June 14, 2012, Development Commission Minutes Kelly Geiger made a motion to approve the minutes as presented. Card Fischer seconded. Roll call: Allen Broderick, yes, Bruce Dingier, yes; Kelly Geiger, yes; Carol Fischer, yes; Kay Harrison, yes; Hank Williams, yes; and Ellie George, yes. Motion approved. DISCUSSION ITEMS A. Rogue Creamery Hwy. 99 Streetscape Proposal Parks and Recreation Director Matt Samitore stated that the City has been working on the North Pine Streetscape project for several months. The Rogue Creamery hired our contractor to create a design for a plaza in front of their building. However part of the design would require the city to create a plaza on private property which is not a normal process and cannot be done using transportation funds which is how we are paying for the Hwy 99 improvements. The Creamery has been planning on developing a plaza in front of their facility for a while and they have worked with staff on various options. They are prepared at this time to present their proposal to the Commission. They are asking for financial participation by the Commission and endorsements towards a court yard project. The Creamery's proposal requires upgraded improvements along their frontage, the cost of which exceeds the current budgeted improvements for the North Pine Streetscape project. Funding for the new proposal could be paid through Urban Renewal money if the Commission agrees with the proposal. DCP061313 Page They would be dedicating an easement for the public use of a portion of the property where the plaza would be located. They would still be paying taxes on that property and still be responsible for the maintenance of it. The Commission is concerned that we may not be getting the return on investment by investing in one business. There was discussion assuring the Commission that the city should see a return with this business because it is a destination business. The Creamery brings people in to town, and those people will shop in the other businesses around town. Highway 99 streetscape is one of the Urban Renewal projects; this offer just moves the project up the list to be completed sooner than later. Mr. Samitore stated that there are funds available that can be loaned to the Development Commission to complete this project, if the Commission decides to proceed. Francis Plowman, Marketing Director Mr. Plowman stated that the Creamery has been a good partner with the City for many years. They have grown from 3 employees to 45 since 2002. The city will see a return on investment with the increase in property value as the creamery makes improvements over the next few years. They have brought the Chocolate store and the wine tasting room to Central Point and hope to encourage other artisan marketers to the same area. They are one of the top ten businesses in the state to visit and will continue to grow internationally and bring visitors to Central Point for the Cheese Festival. They are proud to be part of Central Point and to be environmentally and economically friendly. There was discussion regarding the increase of cost for the items the creamery is recommending. They are economically savvy and are hoping to use pervious concrete pavers in their streetscape design. The use of these types of pavers allows storm water to be released back into the water table rather than into storm drains and moved to the creeks. The commission is concerned that the colored concrete and decorated pavers will cost the city more maintenance in the future. John Galbraith, Landscape Architect Mr. Galbraith explained the design concept and some of the stamped concrete that will be recommended to continue down Front Street with the same design idea for consistency. The permeable pavers are easy to maintain and are used throughout the valley as an economic alternative to storm drains allowing rain water to go directly into the water table not through the storm drains into the creeks. Tom VanVourhees, Rogue Creamery Retail Manager Mr. VanVourhees commented on the return on investment for the City. The increase in traffic for the Rogue Creamery will cause an increase in traffic and sales for other businesses in Central Point. He explained that their visitors are not just from this area, they travel from all over the country and will be staying in the area and shopping in Central Point. The designs used in front of the Creamery could easily be transferred to other areas of the city for a unified look. Craig Nelson, Plant Manager/ Cheese maker DCP061313 Page Mr. Nelson stated that they plan to increase their employees over the next few years bringing more traffic to Central Point businesses. They are a small business trying to practice sustainability and be economical and environmentally friendly. One of the improvements they will be making is so that the milk trucks do not have to back across Hwy 99 to deliver milk making it safer for traffic. The plaza will be a draw for visitors to come and walk down Hwy 99 to Pine Street for shopping at other stores. There was discussion regarding this project and how it could tie into other projects through the city. The plaza planned for Rays can be designed to use the same types of stamped concrete or permeable pavers. There is concern that this would be setting a precedence and other businesses will expect us to continue these expensive pavers and cost the city more money in maintenance in the future. Mr. Burt explained the process of the development agreement and the possibility of a loan from the creamery with the Development Commission paying them back as the money comes in. Kelly Geiger made a motion to continue consideration of the Court Yard Proposal for Rogue Creamery and directed staff to return with a cost proposal and options. Bruce Dingler seconded. Roll call: Allen Broderick, yes, Bruce Dingler, yes; Kelly Geiger, yes; Carol Fischer, yes; Kay Harrison, yes; Hank Williams, yes; and Ellie George, yes. Motion approved. B. Railroad Crossing, Hwy. 99 & Twin Creeks Crossing Mr. Burt explained the original obligations for the Twin Creeks Rail crossing for both the City and the developer. There was a pre- annexation agreement with specific infrastructure triggers that needed to be in place before various phases of Twin Creeks were allowed to proceed. Based on the Pre - Annexation Agreement the railroad crossing was to be completed after the construction of 900 dwelling units. Today a total of 475 dwelling units have been constructed. The Pre - annexation agreement expired in 2008 leaving behind two questions; when is the railroad crossing to be developed, and how will it be funded ?. Over the last few years the impact of the floodplain changes and the cost for the rail crossing have increased to an estimated $3,500,000. He explained (based on the expired Pre - Annexation Agreement as a basis) the funding options for the City and the developer. At this time it is estimated that the city's outstanding obligation is $1,350,000. This amount includes all previously approved Twin Creeks related projects, not just the railroad the crossing. Information was provided the Commission on projected build -out of Twin Creeks and associates SDC receipts. It is estimated that over the next 10 years the Twin Creeks development will generate $650,000 in SDC revenue, leaving an outstanding balance of $710,000. This amount, or more, could be paid by the Commission, subject to adequate tax increment revenue growth. The railroad crossing is listed as an urban renewal project and is adequately funded, subject to availability of DCP061313 Page tax increment revenue. Another source of revenue would be grants, the receipt of which is not quantifiable. The importance of constructing the rail crossing is the pending failure of the Pine and Haskell intersection. Currently, this intersection fails during the AM peak hour during school drop off when people are trying to get to work. There are several other items that are pushing the need to complete the crossing including the fact that the city continues to pay for annual extensions of the agreements with the Rail Company, and the continued increase in the cost of construction. At this time Staff recommends targeting construction of the crossing to be completed in the 2014115 year; meet with the developer to set terms of the reimbursement for financing; re- establish a Master Plan, and enter into a new Pre - Annexation Agreement (development agreement) to re- establish schedule and financial responsibilities. This was an information only item, no action is requested at this time. C. FY 12.13 Budget Update Mr. Burt explained that that due to the timing of the Urban renewal Plan's approval that tax increment financing will not be available until FY13 -14, as opposed to FY12 -13. This delay is to the Commission's advantage in that assessed values in the district have declined for FY12 -13. This delay will impact the Commission's FY12 -13 budget to a minor extent. At this time there are no budget issues. Staff will provide an budget update at the next meeting. The Commission acknowledged the delay in tax increment revenue and directed staff to provide a budget update at the next meeting. VI. ADJOURNMENT Bruce Dingler moved to adjourn, Kelly Geiger seconded, all said "aye" and the meeting was adjourned at 8:10 p.m. Dated: Chair Mayor Hank Williams ATTEST: Recorder DCP061313 Page STAFF REPORT A;;- CENTRAL POINT STAFF REPORT June 13, 2013 Planning Department Tom Humphrey, AICP, Community Development Director/ AGENDA ITEM: V -C Update on 5 -Year Development Program STAFF SOURCE: Don Burt, Planning Manager BACKGROUND: Staff will provide a brief update on preparation of the 5 -Year Development Program. The Commission is scheduled for another study session in July to continue discussion of project priorities. EXHIBITS/ATTACHMENTS: None ACTION: None RECOMMENDATION: None �.Retum to;agenda_ Page 1 of I DCP061313 Page 7 Page 2 of 37 Central Point Urban Renewal Project Guide )1111, '01.33 The urban renewal projects have been grouped according to their Incremental Value potential. The purpose of this grouping is to facilitate project prioritization in a manner that maximizes the effectiveness of urban renewal in accordance with the mission, goats and objectives as presented in "The Downtown & East Pine Street Corridor Revitalization Plan: An Urban Renewal Plan for the City of Central Point, Oregon." Projects with high Incremental Value potential are those that would leverage the greatest financial retum from private investment in existing commercial and residential vacant lots within the urban renewal district Moderate Incremental Value potential projects would also increase economic activity, but likely over a longer time frame than the high Incremental Value projects. In addition, projects determined to have moderate Incremental Value potential also provide infrastructure improvements that enhance bicycle and pedestrian safety, increase access and circulation to prime areas for new and redevelopment, and enhance the aesthetic appeal of major thoroughfares. Finally, projects with low Incremental Value potential are those that focus largely on alleviating blight and providing high quality livable and attractive neighborhoods and recreation facilities by increasing safety features, conducting neighborhood improvements and undergrounding overhead utilities. Taken together, all levels of projects are beneficial to the community in alleviating blight and promoting increased private investment in property and business. By considering project implementation priorities according to both preference and anticipated incremental value potential, the Development Commission is better positioned to maximize retum on investment and overall benefits of the urban renewal program in Central Point. Projects with High Incremental Value Potential Project Name Anticipated Project Benefits Project Description Project Phases — Development Process Cost Associated Projects for Coordination East Pine Street • Bicycle & Pedestrian Safety Improvements to street infrastructure on East Pine Street from Peninger to 1- Prepare construction design & $3,617,240 . Intersection Signalization Improvements East Efficient, modem infrastructure Hamrick, including street widening and additional signalization. Future engineering plans with final cost • Underground Existing Pole of 101" Street development on vacant commercial land depends on these improvements. estimates Mounted Utility Systems . Promotes private investment to Completion aims to attract development. 2- Bid, Contract, Construct, Fund develop existing vacant . Downtown Core Area Streetscape commercial lots Improvements . Enhanced City image . Economic Development Incentives South Peninger Road . Efficient, modem infrastructure Extend Peninger Road south across Bear Creek to collector street standards to 1- Prepare construction design & $9,628,036 . East Pine Street Improvements, Extension . Bicycle &pedestrian safety intersect with Hamrick Road. Improvements include right -of -way engineering plans with final cost East of 10'" Street acquisition, bridge crossing and bike lanes. estimates . Gebhard Road Extension Improved access and circulation 2- Obtain riht -of -wa b y . Economic Development 3- Obtain environmental permits Incentives 4- Bid, Contract, Construct, Fund Economic . Promotes private investment Develop incentive programs that facilitate private investment in the Urban 1- Develop incentive programs $6,000,000 . Urban Renewal Projects 41 -13 Development and economic activity Renewal Area that encourage commercial and residential new and (e.g. eligibility criteria, terms and Incentives redevelopment projects. conditions, implementation and administration procedures) 2- Promote the programs 3- Implement as private investments are committed DCP061313 Page Projects with Moderate Incremental Value Potential Project Name Project Benefits Project Desori tion Project Phases Cost Associated Projects for Coordination Downtown Core -Anticipated • Bicycle & Pedestrian Safety Improve the streetscape function and aesthetic appeal, which is necessary to 1- Prepare master streetscape plan $5,792,291 • Intersection Signalization Area Streetscape Efficient, Modem Infrastructure compete with newer commercial areas for private investment. 2- Prepare construction design & • Underground Existing Pole Improvements Implementation will be addressed by preparing a master streetscape plan that engineering plans with final cost Mounted Utility Systems • Improved Business Access addresses the design and establishes standards for curb and gutter, sidewalks, • Enhanced City image crosswalks, street trees, tree grates, street lights, plazas, gateways, corner estimates • Economic Development P extension and street furniture. 3- Bid, Contract, Construct, Fund Incentives • Promotes private investment Gebhard Road • Efficient, modem infrastructure Extend Gephard Road to local collector standards from the northern limits of 1- Prepare construction design & $1,500,000 • East Pine Street Improvements, Extension • Improved access, circulation, the Urban Renewal Area to East Pine Street to relieve congestion and engineering plans with final cost East of 10'" Street safety encourage development. estimates • Intersection Signalization 2- Obtain right -of -way • Economic Development 3- Bid, Contract, Construct, Fund Incentives Intersection • Bicycle, Pedestrian & Vehicle Install, upgrade, modify specific traffic signals to promote safety and 1- Prepare construction design & $3,573,373 • Downtown Core Area Streetscape Signalization Safety acceptable level of service needed to accommodate development within and engineering plans with final cost Improvements • Efficient, modem infrastructure adjacent to the Urban Renewal Area. Proposed signal locations are estimates • East Pine Street improvements, • Promotes private investment P 1- Twin Creeks Drive — Install new railroad crossing and add signal at 2- Obtain easements, where East of 10'" Street for new development in the intersection at Highway 99. Additional elements include easement applicable • Neighborhood Sidewalks, Street Twin Creeks TOD acquisition, curb and gutter, street surface improvement, railroad 3- Bid, Contract, Construct, Fund Lighting & Alleys crossing signalization,sidewalks, street lights, and landscaping. • Hwy. 99 Corridor Improvements 2- Pine Street and Second Street —add new signals • Economic Development 3- Pine Street and Sixth Street — add new signals Incentives 4 Pine street and Fourth Street — Remove existing signal 5- Pine Street and Gebhard Road extension —add a new signal 6- Pine Street and Peninger Road — modify /remove signal 7- Highway 99 and Fire District No. 3 Station —add emergency signal. City of Central Point • Livable, healthy neighborhoods Assist with the feasibility analysis, site and architectural design, land 1- Conduct feasibility analysis $1,076,326 • Downtown Core Area Streetscape Community Center High quality recreation acquisition, and construction of a community center within the Urban 2- Acquire land Improvements Renewal Area. Participation is limited to the design and development costs, • Neighborhood Sidewalks, Street • Community identity as small- including land acquisition reasonably attributed to serving the Area. 3- Prepare construction design & Lighting, and Alleys town, family- friendly engineering plans with final cost • Economic activity increase estimates • Freeman Road Upgrade to 4- Bid, Contract, Construct, Fund Collector Street Standards • Economic Development Incentives DCP061313 Page Project Name Anticipated Project Benefits Project Description Project Phases Cost Associated Projects for Coordination Miscellaneous Public • Improved service to support Upgrade existing public facilities or install new facilities to serve existing and 1- Prepare construction design & $1,340,789 • Downtown Core Area Streetscape Works existing, new and future development in the Urban Renewal area, including: engineering plans with final cost hnprovements redevelopment estimates • Neighborhood Sidewalks, Street • Efficient, modem infrastructure • Storm Drains 2- Bid, Contract, Construct, Fund Lighting, and Alleys • Walkable neighborhoods • Sanitary Sewers • Highway 99 Corridor • Improved aesthetics • Water Mains and Fire Hydrants Improvements • Curbs and Gutters • Intersection Signalization • Sidewalks, including landscaping within right -of -way • Pfaff Park Renovation • Street Work • Freeman Road Upgrade to • Alley Paving Collector Street Standards • Economic Development Incentives Highway 99 Corridor • Bicycle & pedestrian safety Improve streetscape elements to enhance safety and gateway aesthetic appeal Phase 1 —North Gateway (Funded & $1,163,462 • Intersection Signalization Improvements • Efficient, modem infrastructure by implementing the approved master plan including but not limited to travel Under Construction Spring /Summer • Underground Existing Pole lane reconfiguration, curb and gutter, sidewalks, street lights, traffic signals, 2013) Mounted Utility Systems • Promotes private investment pedestrian lights, street trees and tree grates, traffic signals, gateways, plazas, for new and redevelopment crosswalks, and landscaping. Phase 2 —South Gateway • Downtown Core Area 1- Prepare construction design & Streetscape Improvements engineering plans with final • Economic Development cost estimates Incentives 2- Bid, Contract, Construct, Fund DCP061313 Page 10 Projects with Low Incremental Value Potential Project Name Project Benefits Project Description Project Phases Cost Associated Projects for Coordination Neighborhood -Anticipated • Stabilize neighborhood Improve streetscape elements in residential neighborhoods north and south of 1- Prepare conceptual design $1,484,750 • Pfaff Park Renovation Sidewalks, Street property values Pine Street to stabilize property values and improve aesthetic appeal. 2- Prepare construction design & • Intersection Signalization Lighting, and Alleys . Livable, healthy neighborhoods Streetscape improvements will include sidewalks, street trees and lighting on engineering plans with final cost residential streets and paved alleys. Miscellaneous Public Works • Increased aesthetic appeal estimates • Economic Development Incentives Underground • Efficient, modern infrastructure Improve aesthetic appeal of the downtown and Hwy 99 Corridor area by 1- Identify utilities to be moved $3,400,000 • Downtown Core Area Streetscape Existing Pole • Mitigation for severe weather locating overhead utihtiesunderground. underground hnprovements Mounted Utility hazards 2- Coordinate with utility companies • Highway 99 Corridor Systems • Increased aesthetic appeal 3- Obtain easements where necessary improvements 4- Prepare construction design & • Neighborhood Sidewalks, Street engineering plans with final cost Lighting & Alleys estimates • Economic Development 5- Bid, Contract, Construct, Fund Incentives Pfaff Park • Promotes livable, healthy hnprove park features including new landscaping, restroom facilities, 1- Prepare construction design & $144,525 • Neighborhood Sidewalks, Street Renovation neighborhoods playground equipment mid lighting. The purpose is to enhance accessibility engineering plans with final cost Lighting & Alleys • Provides high quality mid recreation usefulness for the surrounding neighborhoods. estimates • Economic Development recreation facilities 2- Bid, Contract, Construct, Fund Incentives • Attracts resident mid non- resident users Fire Safety • Maintains fire safety and Maintain acceptable levels of fire service by increasing capital investment in 1- Determine fire safety needs and $1,010,518 • All Urban Renewal Projects livability fire safety equipment. timing 2- Implement in coordination with Fire District 93 Freeman Road • Bicycle & pedestrian safety Upgrade Freeman Road From Oak Street to Hopkins Road to collector street 1- Prepare construction design & $737,136 • City of Central Point Community Upgrade to Collector . Efficient, modem infrastructure standards, making it a safe and aesthetically attractive street. Improvements engineering plans with final cost Center Street include surfacing, curb and gutter, bike lanes, street lights, and sidewalks. estimates • Miscellaneous Public Works • Increased aesthetic appeal 2- Bid, Contract, Construct, Fund • Economic Development Incentives Off Street Parking • Improved parking access for Design and construct two new off street parking facilities on Oak Street and 1- Conduct a parking analysis $277,809 • Downtown Core Area Streetscape Facilities downtown and Hwy 99 Manzanita Street to improve air quality and enhance aesthetics. Both parking 2- Prepare construction design & Improvements Corridor uses lots are owned by the City and are currently in an unimproved condition. engineering plans with final cost • Highway 99 Corridor • Efficient, modem infrastructure Improvements include parking surface improvements, curb and gutter, estimates Improvements stormwater drainage, lighting, parking stall painting and landscaping. • Improved environmental 3- Bid, Contract, Construct, Fund • Neighborhood Sidewalks, Street quality Lighting & Alleys • Increased aesthetic appeal • Miscellaneous Public Works • Economic Development Incentives STAFF REPORT om- CENTRAL POINT STAFF REPORT June 13, 2013 Planning Department lom Humphrey, AICP, Community Development Director/ AGENDA ITEM: V -B Consideration of Resolution No. 2013 -01 A Minor Amendment to the Urban Renewal District Boundary STAFF SOURCE: BACKGROUND: When the boundaries of the Urban Renewal District were established they were based on City records of property within the city limits. It has recently come to our attention that a small tax lot previously considered to be within the city limits is actually in the county. The property is identified on the Assessors records as 372 W03DB200, which is .14 acres in area, is owned by Pacific Power and Light, and operated as part of the electrical substation. The property has an assessed value of $4,380 (land only, no improvements). Section 1. 12.1 of the Urban Renewal Plan provides for minor amendments. As a minor amendment it must be determined that the proposal does not expand the boundary, or cause changes in policy or objectives. The proposed boundary correction is considered a minor change consistent with Section 1. 12.1 of the Urban Renewal Plan. Approval of the boundary amendment will necessitate corrections to three exhibits to the urban renewal plan: L Exhibit I, Narrative Description of Urban Renewal Area 2. Exhibit 2, Urban Renewal Boundary 3. Exhibit 3, Urban Renewal Area Tax Lot Inventory. These exhibits are attached to Resolution No. 2013 -01. ISSUES: ATTACHMENTS: Resolution No. 2013 -01 ACTION: Consider Resolution No. 2013 -01. RECOMMENDATION: Approve Resolution No. 2013 -01. Page I of I DCP061313 Page 12 BEFORE THE CENTRAL POINT DEVELOPMENT COMMISSION RESOLUTION NO. 2013 -01 A RESOLUTION AMENDING LEGAL DESCRIPTION OF THE URBAN RENEWAL DISTRICT RECITALS A. On March 8, 2012 the City adopted by Ordinance No. 1955 the Downtown and Fast Pine Street Corridor Revitalization Plan, an Urban Renewal Plan for the City of Central Point (the `Plan'). B. Since adoption of the Plan it has been determined that assessors tax lot 372 W03DB TL200, a .14 acre parcel (Parcel) is not within the City limits and should not have been included in the boundary of the Urban Renewal District. C. In accordance with Section 1201 Minor Changes of the Plan, the proposed boundary amendment does not modify the goals and objectives or basic procedural requirements, planning or engineering principles of the Urban Renewal Plan, nor does it add land to the urban renewal district, and as such is considered a ntinor amendment. THE CENTRAL POINT DEVELOPMENT COMMISSION RESOLVES TO MODIFY THE BOUNDARIES OF THE URBAN RENEWAL DISTRICT IN ACCORDANCE WITH THE FOLLOWING REPLACEMENT EXHIBITS ATTACHED HERETO: EXHIBIT 1 — Narrative Description of Urban Renewal Area: EXHIBIT 2— Downtown and East Pine Street Corridor Revitalization Plan Boundary; and EXHIBIT 3 —Urban Renewal Area Tax Lot Inventory Passed by the Commission and signed by me in authentication of its passage this 13th day of June, 2013. Hank Williams, Chair, Central Point Development Commission ATTEST: Deanna Casey, Recorder DCP061313 Page 13 Property Description Central Point Urban Renewal District Beginning at the northwest corner of DEC 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 corner thereof; thence East, along the north boundary and the extension thereof to the cast right of way line of Hamrick Road; thence South, along said east right of way line of Hamrick Road to a point, said point bears East of a 3/4 inch iron pipe marking the northeast comer of the tract described in Instrument No 2011 -16446 recorded in said Official Records and mapped as Assessors Map No 372W01 C3300 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 corner 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 cast 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 Instrument No 00 -38500 recorded in said Official Records; thence South, along said east line to the easterly right of way line of Interstate 5 Freeway; thence Northwesterly, along said easterly right of way line to the south boundary of the parcel described in Instrument No 03 -20781 recorded in said Official Records; thence Nast, along said south boundary to the west right of way line of Pcninger 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 of way line, to the intersection of the west right of way line of said Interstate; thence South along said west right of way line to the north boundary of Mountain View Plaza Subdivision, according to the official plat thereof, now of record; thence West, along said north boundary to the west right of way tune of Freeman Road; thence South, along said east right of way line and the east right of way of Freeman Road and the southerly extension of said right of way to the south right of way line of Hopkins Road; thence West, along said south right of way line of Hopkins Road, to the northwest corner of Homestead Park Unit 1, according to the official plat thereof, now of record; thence South, along the west 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 DCP061313 Page 14 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 comer of Lot I of Twin Creeks Crossing, Phase 1, according to the official plat thereof, now of record; thence northerly along the easterly boundary of said For I 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 1; thence Westerly along said north boundary to the southwest comer to Lot 3 of said Twin Creeks Crossing Phase 1; thence Northerly along the west boundary of said Lot 3 and the extension thereof to the southwest comer to Lot 35 of said Phase 1; 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 1 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 comer of the tract described in Instrument No 2009 -46561 recorded in said Official Records; thence Northeasterly along the north boundary of said tract to the northeast corner; 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 north boundary of the tract described in Volume 288, Page 513 of the Deed Records of Jackson County, Oregon; thence Fast along said north boundary, to the northeast comer of said tract; thence South, along the east line of said tract; thence East, along the south line of the parcel described in Volume 335, Page 121 of said Deed Records to the west right of way line of Third Street; thence North along said west right of way line to a point, said point being at the intersection of the southwesterly extension of the northerly right of way line of Hazel Street; thence Northeasterly along said extension and along said northerly right of way and the extension thereof to the easterly 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 comer 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. d.b.a., Farber Surveying 431 Oak Street Central Point, Oregon 97502 541 -664 -5599 Date: November 13, 2011 Edited: April 19, 2013 DCP061313 Page 15 PH N.Ah JULY HERI3FT,' ' zAHBER RENEWAL DATE 12 -31 -13 EXHIBIT 2 - Graphic Description of Urban Renewal Area CENTRAL POINT CASCADE DR PRINCESS WAY z O� i N A WINDSOR WAY y 0Qs KINGS WAY z x ,yT' ARgQ BEEBERD 000 1 z I S\ t,•ss a w o IFJ ce�} ••i\ -^,, \\W\�6\�ti\�' }Ji1 •e • T u TAYLOR RD VVp y A\� - °,�'VA AA�Ip[�`A• ORUN PL y/? o� \ x`�"\\ \\ !III'_ -• L� x � •�\ 9ti -0y Y / � • rc � Po�F" vs ••� //`� it J\\ „\> > .rPl l,l -I�a r pa 2 o a O W t c� V•lL,.+{ Cif• 1 V L��y�VL •� w R 3 0 O BRA NDI WAY Q Pte' Y �Y • O' Q z > A 2 p C • ? PRAIRIE RD � � JUANITA WAY P S r }'�••�•�m LEMLOCKAVE z ��• ROSE VALLEY CT PITTVIEW AVE ,• O i JUSTINCT - S u m FOREST GLEN DR Exhibit 2 Central Point Urban Renewal Boundary DCP061313 Page 16 EXHIBIT 3 -URBAN RENEWAL AREA TAX LOT INVENTORY, DECEMBER 2012 No. Map Number Account Number No. Map Number Account 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 35 372W02CB3000 10132731 79 372W02CB7301 10133209 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 DCP061313 Page 17 No. Map Number Account Number No. Map Number Account Number 89 372W02CC201 10133331 135 372W02CC5100 10133825 90 372W02CC300 10133349 136 372W02CC5200 10133833 91 372W02CC400 10133355 137 372W02CC5400 10133841 92 372W02CC500 10133363 138 372W02CC5500 10133858 93 372W02CC600 10133371 139 372W02CC5600 10133866 94 372W02CC700 10133380 140 372W02CC5700 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 372W02CC7700 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 372W02CC8800 10134141 118 372W02CC3301 10133631 164 372W02CC8900 10134157 119 372W02CC3400 10133649 165 372W02CC9000 10134165 120 372W02CC3500 10133655 166 372W02CC9100 10134173 121 372W02CC3600 10133663 167 372W02CC9200 10134181 122 372W02CC3700 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 372W02CC4300 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 DCP061313 Page 18 No. Map Number Account Number No. Map Number Account Number 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 372W02CD6100 10135030 206 372W02CD1400 10134571 252 372W02CD6101 10135048 207 372W02CD1500 10134589 253 372W02CD6300 10135054 208 372W02CD1600 10134597 254 372W02CD6400 10135062 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 372W02CD7900 10135234 226 372W02CD3600 10134781 272 372W02CD8000 10135242 DCP061313 Page 19 No. Map Number Account Number No. Map Number Account Number 273 372W02CD8100 10135259 319 372W03DA9300 10139368 274 372W03B1501 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 372W03DA10000 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 372W03DA6800 10139106 339 372W03DA11000 10139561 294 372W03DA6900 10139114 340 372W03DA11100 10139579 295 372W03DA7000 10139122 341 372W03DA11200 10139587 296 372W03DA7100 10139131 342 372W03DA11300 10139595 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 DCP061313 Page 20 No. Map Number Account Number No. Map Number Account Number 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 372W03DC1600 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 385 372W03DC2101 10140050 431 372W03DD3200 10140521 386 372W03DC2200 10140068 432 372W03DD3301 10140530 387 372W03DC2300 10140076 433 372W03DD3400 10140548 388 372W03DC2400 10140084 434 372W03DD3500 10140554 389 372W03DC2500 10140092 435 372W03DD3600 10140562 390 372W03DC2800 10140108 436 372W03DD3601 10140571 391 372W03DC2900 10140116 437 372W03DD3700 10140589 392 372W03DC3000 10140124 438 372W03DD3800 10140597 393 372W03DC3100 10140132 439 372W03DD3900 10140602 394 372W03DC3200 10140141 440 372W03DD4000 10140611 395 372W03DC3302 10140157 441 372W03DD4100 10140629 396 372W03DC3400 10140165 442 372W03DD4200 10140637 397 372W03DD100 10140181 443 372W03DD4300 10140645 398 372W03DD200 10140190 444 372W03DD4400 10140651 399 372W03DD300 10140205 445 372W03DD4500 10140660 400 372W03DD400 10140213 446 372W03DD4501 10140678 401 372W03DD500 10140221 447 372W03DD4600 10140686 402 372W03DD600 10140230 448 372W03DD4700 10140694 403 372W03DD700 10140248 449 372W03DD4800 10140708 404 372W03DD800 10140254 450 372W03DD4900 10140716 405 372W03DD900 10140262 451 372W03DD5000 10140724 406 372W03DD1000 10140271 452 372W03DD5100 10140732 407 372W03DD1100 10140289 453 372W03DD5200 10140741 408 372W03DD1200 10140297 454 372W03DD5300 10140757 409 372W03DD1300 10140302 455 372W03DD5400 10140765 410 372W03DD1400 10140311 456 372W03DD5600 10140781 DCP061313 Page 21 No. Map Number Account Number No. Map Number Account Number 457 372W03DD5700 10140790 503 372W03DD10100 10141309 458 372W03DD5800 10140805 504 372W03DD10200 10141317 459 372W03DD5900 10140813 505 372W03DD10300 10141325 460 372W03DD6000 10140821 506 372W03DD10400 10141333 461 372W03DD6100 10140830 507 372W03DD10500 10141341 462 372W03DD6200 10140848 508 372W03DD10600 10141358 463 372W03DD6300 10140854 509 372W03DD10700 10141366 464 372W03DD6500 10140862 510 372W03DD10800 10141374 465 372W03DD6600 10140871 511 372W03DD10900 10141382 466 372W03DD6700 10140889 512 372W03DD11000 10141391 467 372W03DD6800 10140897 513 372W03DD11100 10141404 468 372W03DD6900 10140902 514 372W03DD11200 10141412 469 372W03DD6901 10140911 515 372W03DD11300 10141421 470 372W03DD7000 10140929 516 372W03DD11400 10141439 471 372W03DD7100 10140937 517 372W03DD11401 10141447 472 372W03DD7101 10140945 518 372W03DD11500 10141453 473 372W03DD7200 10140951 519 372W03DD11700 10141496 474 372W03DD7300 10140960 520 372W03DD11800 10141501 475 372W03DD7400 10140978 521 372W10AA2600 10141510 476 372W03DD7500 10140986 522 372W10AA2500 10141528 477 372W03DD7600 10140994 523 372W10AA2200 10141551 478 372W03DD7700 10141007 524 372W10AA900 10141569 479 372W03DD7800 10141015 525 372W10AA1000 10141577 480 372W03DD7900 10141023 526 372W10AA1100 10141585 481 372W03DD7901 10141031 527 372W10AA1300 10141593 482 372W03DD8000 10141040 528 372W10AA1200 10141609 483 372W03DD8001 10141056 529 372W10AA1400 10141617 484 372W03DD8100 10141064 530 372W10AA1500 10141633 485 372W03DD8200 10141072 531 372W10AA1600 10141641 486 372W03DD8300 10141081 532 372W10AA1700 10141658 487 372W03DD8400 10141099 533 372W10AA1800 10141666 488 372W03DD8500 10141104 534 372W10AA1900 10141674 489 372W03DD8600 10141112 535 372W10AA2000 10141682 490 372W03DD8700 10141121 536 372W10AA2100 10141691 491 372W03DD8800 10141139 537 372W10AA2900 10141704 492 372W03DD8900 10141147 538 372W10AA2800 10141712 493 372W03DD9000 10141153 539 372W10AA2700 10141721 494 372W03DD9100 10141161 540 372W10AA3000 10141739 495 372W03DD9200 10141170 541 372W10AA3300 10141747 496 372W03DD9300 10141188 542 372W10AA3400 10141753 497 372W10AA5400 10141210 543 372W10AA3600 10141770 498 372W10AA600 10141236 544 372W10AA3700 10141788 499 372W10AA800 10141269 545 372W10AA4100 10141796 500 372W10AA300 10141277 546 372W10AA4200 10141801 501 372W10AA200 10141285 547 372W10AA4400 10141828 502 372W10AA100 10141293 548 372W10AA4500 10141836 DCP061313 Page 22 No. Map Number Account Number No. Map Number Account Number 549 372W10AA4000 10141844 595 372W11BA819 10145074 550 372W10AA3900 10141851 596 372W11BA820 10145082 551 372W10AA3800 10141869 597 372W11BA821 10145091 552 372W10AA4600 10141877 598 372W11BA900 10145122 553 372W10AA5100 10141885 599 372W11BA1000 10145131 554 372W10AA5200 10141893 600 372W11BA1100 10145149 555 372W10AA6100 10141925 601 372W11BA1200 10145155 556 372W10AA6000 10141933 602 372W11BA1300 10145163 557 372W10AA6200 10141941 603 372W11BA1400 10145171 558 372W10AA6400 10141958 604 372W11BA1500 10145180 559 372W10AA6600 10141966 605 372W11BA1600 10145198 560 372W10AA6500 10141974 606 372W11BA1700 10145203 561 372W10AA6800 10141982 607 372W11BA1800 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 372W11BA2500 10145287 569 372W10AD200 10143032 615 372W11BA2600 10145295 570 372W10AD300 10143041 616 372W11BA2700 10145301 571 372W11BA100 10144825 617 372W11BA2701 10145319 572 372W11BA200 10144833 618 372W11BA2800 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 372W11BA800 10144882 623 372W11BA3300 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 372W11BB500 10145455 586 372W11BA809 10144971 632 372W11BB1000 10145503 587 372W11BA810 10144980 633 372W11BB1500 10145546 588 372W11BA812 10145009 634 372W11BB1600 10145552 589 372W11BA813 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 372W11BA818 10145066 640 372W11BB2101 10145619 DCP061313 Page 23 No. Map Number Account Number No. Map Number Account Number 641 372W11BB2200 10145627 687 372W11BB6400 10146089 642 372W11BB2300 10145635 688 372W11BB6401 10146097 643 372W11BB2400 10145643 689 372W11BB6500 10146102 644 372W11BB2500 10145650 690 372W11BB6600 10146111 645 372W11BB2600 10145668 691 372W11BB6700 10146129 646 372W11BB2700 10145676 692 372W11BB6800 10146137 647 372W11BB2800 10145684 693 372W11BB6900 10146145 648 372W11BB2900 10145692 694 372W11BB7000 10146151 649 372W11BB3000 10145706 695 372W11BB7100 10146160 650 372W11BB3100 10145714 696 372W10AA4900 10146178 651 372W11BB3200 10145722 697 372W11BB7300 10146186 652 372W11BB3201 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903 372W03DB808 10977387 858 372W03DA7001 10633158 904 372W03DB809 10977388 859 372W10AA5700 10639308 905 372W03DB810 10977389 860 372W02CB7304 10639752 906 372W03DB811 10977390 861 372W02CB7305 10639761 907 372W03DB812 10977391 862 372W02CB7306 10639779 908 372W03DB813 10977392 863 372W02CB7303 10639787 909 372W10AA5101 10978854 864 372W03DD9301 10645403 910 372W10AA5201 10978855 865 372W10AA5000 10646347 911 372W03DA10602 10980137 866 372W10AA5300 10646353 912 372W02CC1301 10980876 867 372W10AD100 10646361 913 372W02CC1302 10980877 868 372W10AA3100 10665381 914 372W02CC1303 10980878 869 372W03DC2103 10677176 915 372W02CB3601 10980885 870 372W03DD11600 10687925 916 372W02CB303 10985018 DCP061313 Page 26 No. Map Number Account Number No. Map Number Account Number 917 372W11BA1401 10981059 933 372W02CB2201 10985019 918 372W11BA1402 10981060 934 372W03DC3303 10985506 919 372W11BB1001 10982198 935 372W03DB900 10985507 920 372W11BB8301 10982199 936 372W02D2101 10985650 921 372W02CB3602 10982729 937 372W03CA1000 10985723 922 372W03DA12101 10982730 938 372W03CA900 10985724 923 372W02D2002 10982850 939 372W03CA1600 10985725 924 372W02D2003 10982852 940 372W03CA1500 10985726 925 372W02D2004 10982853 941 372W02CA101 10988049 926 372W03DD2001 10983530 942 372W11BA901 10988130 927 372W03DD2002 10983531 943 372W10AD101 10988131 928 372W03DD2003 10983532 944 372W10AA6401 10995696 929 372W03DA7501 10984657 945 372W10AA6402 10995697 930 372W03DD4001 10984704 946 931 372W02CB301 10985016 932 372W02CB302 10985017 DCP061313 Page 27 STAFF REPORT om- CENTRAL POINT STAFF REPORT June 13, 2013 Planning Department lom Humphrey, AICP, Community Development Director/ AGENDA ITEM: V -B Consideration of Resolution No. 2013 -02, A Minor Amendment to the Downtown Revitalization and Last Pine Street Corridor Urban Renewal Plan and Report acknowledging the Final Base Value. STAFF SOURCE: Don Hut, Planning Manager BACKGROUND: With the adoption of the urban renewal plan in 2012 the base value used to calculate tax increment revenue was based on an estimate of S 131,424,528 (Real Property). When adjusted for Utility and Personal Property Accounts the Base Value amounted to S 143,848,960. On April 11, 2013 the County Assessor's Office notified the Commission that the final Base (frozen) Value is 5139,787,170 (total all accounts. S127.713.560 for Real Property). Section 1. 12.1 of the Urban Renewal Plan provides for minor amendments. Acknowledgement of the final Base Value is considered a clarification of written exhibits to the Plan, which does not expand the boundary, or cause changes in policy or objectives, and as such is classified as a minor amendment. ISSUES: None. Because the final Base Value is lower than the estimated Base Value it does not adversely affect the financial analvsis on which the Plan was based. ATTACHMENTS: Attachment "A — Letter from Jackson Comity Assessor's Office" Resolution No. 2013 -02 ACTION: Consider Resolution 2013 -02 RECOMMENDATION: Approve Resolution 2013- Return to Agenda Page I of I DCP061313 Page 28 ATTACHMENT "A" April 11, 2013 Don Burt City of Central Point 104 South. 3 "' Street Central Point, Oregon 97502 Dear Don: This letter serves to certify the frozen value for the Central Point Urban Renewal. The frozen value is $139,787,170. If we can be of any further assistance, please let us know. Sincerely, ( -,'P, St� L. Ruth Staten Program Coordinator II DCP061313 Page 29 ASSESSOR'S OFFICE L. Ruth Staten JACKSON COUNTY Program Coordinator 9 Data 10S Oakdale 10 S. Oakdale Ave., Room 300 Medford, OR 97501 - 7Y Phone (541) 774 -6052 Fax. (541) 774- 6701 statenLR@jacksoncounty.org w jacksoncoanty.org April 11, 2013 Don Burt City of Central Point 104 South. 3 "' Street Central Point, Oregon 97502 Dear Don: This letter serves to certify the frozen value for the Central Point Urban Renewal. The frozen value is $139,787,170. If we can be of any further assistance, please let us know. Sincerely, ( -,'P, St� L. Ruth Staten Program Coordinator II DCP061313 Page 29 BEFORE THE CENTRAL POINT DEVELOPMENT COMMISSION RESOLUTION NO. 2013 -02 A RESOLUTION ACKNOWLEDGING THE OFFICIAL JACKSON COUNTY ASSESSOR'S BASE VALUE (FROZEN VALUE) FOR THE DOWNTOWN & EAST PINE STREET CORRIDOR URBAN RENEWAL PLAN RECITALS: A. On March 8, 2012 the City adopted by Ordinance No. 1955 the Downtown and East Pine Street Corridor Revitalization Plan, an Urban Renewal Plan for the City of Central Point (the "Plan "). B. At the time of adoption of the Plan the Base Value for Real Property was estimated to be $143,848,960 ($131,424,528 for Real Property). C. On April 11, 2013 the Development Commission was advised by the Jackson County Assessor's Office that the official Base (Frozen) Value was $139,787,170 (the "Official Base Value "). D. The Official Base Value, because it is lower than the estimated Base Value, will not adversely affect the financial analysis on which the Plan was based. In accordance with Section 1201 Minor Changes of the Plan, the proposed boundary amendment does not modify the goals and objectives or basic procedural requirements, planning or engineering principles of the Urban Renewal Plan, nor does it add land to the urban renewal district, and as such is considered a minor amendment. THE CENTRAL POINT DEVELOPMENT COMMISSION HEREBY ACKNOWLEDGES $139,787,170 AS THE OFFICIAL BASE (FROZEN) VALUE FOR THE DOWNTOWN & EAST PINE STREET CORRIDOR URBAN RENEWAL PLAN AND TO AMEND THE PLAN AND REPORT TO REPLACE THE ESTIMATED VALUE WITH THE OFFICIAL BASE VALUE. Passed by the Commission and signed by me in authentication of its passage this 13th day of June, 2013. Hank Williams, Chair, Central Point Development Comirassion ATTEST: Deanna Casey, Recorder KEEMMOM DCP061313 Page 30 STAFF REPORT rm- CENTRAL POINT STAFF REPORT June 13, 2013 Planning Department Tom Humphrry,AICP, Cmmur ay Development Dhector/ AGENDA ITEM: V -C Consideration of Resolution Adopting the Central Point Development Commission Budget for Fiscal Year 2012 -13. STAFF SOURCE: Don Burt, Planning Manager BACKGROUND: On April 22, 2013 the Central Point Development Commission Budget Committee met to review the proposed budget for Fiscal Year 2013 -14. After discussion they voted to approve the budget as follows: General Fund Personnel Services $0 Materials & Services $18,700 Capital Outlay $150,000 Debt Service $2,500 Contingency $3,000 Total General Fund S174.200 EXHIBITS /ATTACHMENTS: Attachment "A" Resolution No. 2013 -03 Approving Budget Attachment'B" Central Point Development Commission Annual Budget, Fiscal Year 2013 -14 ACTION: Consider resolution approving the fiscal year 2013 -14 budget for the Central Point Development Commission. RECOMMENDATION: Adopt Resolution No. 2013 -03 approving the fiscal year 2013 -14 budget for the Central Point Development Commission. Page I of I DCP061313 Page 31 ATTACHMENT "A" BEFORE THE CENTRAL POINT DEVELOPMENT COMMISSION RESOLUTION NO. 2013 -03 A RESOLUTION ADOPTING THE BUDGET, MAKING APPROPRIATIONS, AND DECLARING TAX INCREMENT RECITALS: A. The budget for fiscal year 2013 14, dated June 13, 2013, in the amount of $174,200 is adopted. This budget is now on file at the City of Central Point Finance Offices, 140 South Third Street, Central Point, OR 97502. B. The amounts for the fiscal year beginning July 1, 2013; and for the purposes shown below are appropriated: General Fund Personnel Services $0 Materials & Services $18,700 Capital Outlay $150,000 Debt Service $2,500 Contingency $3,000 Total General Fund $174,200 C. The Board of Directors certify to the county assessor a request for the Downtown & East Pine Street Corridor Revitalization Plan Area for the maximum amount of revenue that may be raised by dividing the taxes under Section Ic, Article IX, of the Oregon Constitution and ORS Chapter 457. Passed by the Commission and signed by me in authentication of its passage this 13th day of June, 2013. Hank Williams, Chair, Central Point Development Commission ATTEST: Deanna Casey, Recorder DCP061313 Page 32 ATTACHMENT "B" CENTRAL POINT DEVELOPMENT COMMISSION FISCAL YEAR 2013 -14 BUDGET FINAL BUDGET JUNE 13, 2013 Page 1 of 14 DCP061313 Page 33 CENTRAL POINT DEVELOPMENT COMMISSION CENTRAL POINT DEVELOPMENT COMMISSION MEMBERS HANK WILLIAMS, CHAIR BRUCE DINGIER, VICE CHAIR ALLEN BRODERICK DAVID DOUGLAS KELLY GEIGER ELLIE GEORGE RICK SAMUELSON CITIZEN COMMITTEE MEMBERS MIKE QUILTY SCOTT DIPPEL KAREN H UCKI NS JASON LUKASZEIVICZ RANDY SPARACINO BILL STULTS STEVEN WEBER BUDGET OFFICER CHRIS CLAYTON, CITY MANAGER URBAN RENEWAL STAFF CHRIS CLAYTON, URBAN RENEWAL MANAGER CITY MANAGER BEV ADAMS, FINANCE DIRECTOR TOM HUMPHREY, COMMUNITY DEVELOPMENT DIRECTOR MATT SAMITORE, PARKS & PUBLIC WORKS DIRECTOR Page 2 of 14 DCP061313 Page 34 TO: BUDGET MESSAGE CHAIR AND BOARD OF DIRECTORS CENTRAL POINT DEVELOPMENT COMMISSION BUDGET COMMITTEE MEMBERS AND CITIZENS OF CENTRAL POINT "Take calculated risks. That is quite different from being rash. "�pa,ge s. v"aa, INTRODUCTION On March 8, 2012, by Ordinance No. 1955 the City Council adopted the Downtown & East Pine Street Corridor Revitalization Plan (the "Plan`), an urban renewal plan for the City of Central Point. The Plan applies to a single geographic area of 446 acres centered on the City's older downtown area. The goals, projects and activities presented in the Plan are designed to provide a consistent long -term source of funding sufficient to encourage and leverage private sector reinvestment in the Urban Renewal Area, making for a stronger and more livable urban core as envisioned in Central Point Forward, Fair City 2020 —A City Wide Strategic Plan. Implementation of the Plan is the responsibility of the Central Point Development Commission, an urban renewal agency created by the City Council'. By law the Commission is considered a separate government unit, with a separate source of revenue and its own budget. The Commission's primary source of funding is tax increment revenue, which will grow at a rate commensurate with the Plan Area's growth in assessed value. Based on the Plan it is estimated that over the next twenty - five years the Commission's annual tax increment revenue will grow from $50,000 to over $4,000,000. MISSION It is the primary mission of the Central Point Development Commission to eliminate blight and depreciating property values within the urban renewal district. This mission will be accomplished through the strategic implementation of projects and activities that consciously maximize 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. City Council Ordinance No. 1950, adopted April 28, 2011 Page 3 of 14 DCP061313 Page 35 OVERALL GOAL The basic goal of the Commission is to address, through the implementation of the Plan, existing blighted conditions within the urban renewal district 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. KEY OBJECTIVES Section 1.5.2 of the Plan identifies fourteen (14) goals and objectives to be accomplished by the Plan. Each yea r these goals will be addressed in the Commission's annual report. KEY PERFORMANCE MEASURES • Increased real property assessed value within the urban renewal district • Track and manage Return -on- Investment (ROI) ratio between public and private investment dollars within the urban renewal district • Completion of projects on schedule. LEGAL COMPLIANCE • Notice of Budget Committee meeting • Affidavit of Publication, Mail Tribune • Resolution Adopting the Annual Budget • FORM UR -50, Notice to Assessor THE BUDGET A budget is a financial plan listing all planned expenses and revenues for any given period of time. The Commission's budget consists of a single fund; the General Fund. The Budget's primary source of income is tax increment revenue and the ability to borrow funds based on the future generation of tax increment revenue. GENERAL FUND EXPENSES The Commission's expenses fall into one of four categories: Personal Services, Materials & Services, Capital Projects, and Debt Service. It is important that during this first year that the Commission actively begin implementation of the Plan. PERSONAL SCR VICES Personal Services are shown in the budget, but are not funded. Rather than hire personnel for staffing the Commission existing City staff will be used on a contract basis, which is accounted for under Materials & Services, Contract Services. MATERIALS & SERVICES The Materials & Services category is comprised of six subcategories, most of which address basic administrative requirements of the Commission. Such as; the costs of legal services, annual audit, materials, administrative staff, etc. The administrative staff function will be provided for under the Contract Services category. City staff will contract to the Commission on an as needed basis. Page 4 of 14 DCP061313 Page 36 CAPITAL PROJECTS The Capital Projects Fund accounts for all expenditures on projects related to implementation of the fifteen (15) projects listed in the Plan. This includes such activities as project administration, design, engineering, and construction costs. Over the course of the next 25 years it is the Commission's charge to complete each of these projects, while not exceeding its Maximum Indebtedness limit of $43,177,530. For FY 2013 -14 the Capital Projects Fund includes the following activities /projects: • Parking Lot Lighting— Participate in the improvement of the public parking lot located at 3" Street and Oak Street (Project No. 6a). • Hwy. 99 Pedestrian Lighting — Install pedestrian lighting along the west side of Hwy. 99 south of the Grange as part of the commercial development of three properties (Project No. 4). Concept design for the extension of Gebhard Road from Beebe Road to East Pine Street. The purpose of this study is to conceptually address the design of the Godard Road extension, including general location, design features, and estimated construction costs, in advance of any proposed development in the area, particularly on the old Wal -Mart site. Depending on the outcome of the concept plan, it will be followed by Preliminary and Construction plans in subsequent budget years (Project No. Se and Project No. 8). Prepare policies, procedures, and provide funding for the first phase of the Economic Incentive Program (Project No. 15). DERTSERVICE The purpose of the Debt Service is to account for the payment of principal and interest due on Commission debt. For this fiscal year the Commission will pay interest on the $125,000 loan from the City. The terms of the loan are 2% interest payments annually, with a $125,000 balloon payment at the end of the fifth year. RESOURCES Funding for activities and projects will come from two sources; tax increment revenue and a loan from the City. The Commission can pursue and receive grants, but has not planned on doing so at this time. TAXINCREMENT REVENUE The primary source of urban renewal revenue is tax increment revenue, which is based on the real propertyvalue increase beyond the base value within the urban renewal district. When an urban renewal district is created the real assessed propertyvalue within the urban renewal district is identified. This value is referred to as the Base Value. The Base Value is used to determine tax Page 5 of 14 DCP061313 Page 37 revenue for the urban renewal program. Any increase in assessed value (Incremental Value) above the Base Value is used to calculate the amount of property tax revenue an urban renewal district will receive. For Central Point's Urban Renewal Plan the Base Value is $139,787,170 (FY12 -13). This will be the Commission's first year for receipt of tax increment revenue. Because of the timing of approval of the Urba n Renewal Plan the deadline was missed for receiving tax increment revenue for FY 2012 -13. It's estimated that the Commission will receive $50,000 in tax increment revenue for FY13 -14. Being the Commission's first budget year for receipt of tax increment the amount of tax increment revenue available will be interesting, and serve as a basis for future years. Last year the assessed value of the Plan Area actually decreased, which; if is repeated this next year will result in no tax increment revenue for the first year. CITY LOAN As noted the Commission received a loan from the City of Central Point for $125,000. This loan will be payable interest only for five years, with a lump sum principal payment at the end of fifth year (FY2017 -18). Repayment of the loan will come from future tax increment revenues. BALANCE FORWARD The Commission begins the fiscal year with an estimated beginning cash balance of $124,200. A BALANCED BUDGET By Oregon Law the budget is balanced at $174,200. Page 6 of 14 DCP061313 Page 38 NOTICE OF BUDGET HEARING A public meeting of the Central Poi nt Development Commission will be held on June 13, 2013 at 6,W pm at the City of Central Poi nt Council Chambers, 140 S. 3rtl St., Central Point Creg on. The purpose of this meeting Is to discuss the budget for the fiscal year begin ni ng July 1, 2013 as approved by the Central Point Development Cori seen Budget Committee. A summary of the budget is p resented below. A copy of the budget maybe inspected or obtained at the City of Central Point Finance Department. 140 S. 3rd St Central Point. OR. between the hours of 9:00 a. m and 5:00 p. up or at www centralpolnton, on gov. This budget Is the first annual budget for the Central Point Development Commission, Contact Cho Jai Urban Renewal Manager Telep Mna. (541)424101¢ Emil June Gagengi,ent2lpdntmegon. gov FINANCIAL SUMMARY - RESOURCES TOTAL OF ALL FU N D S Aclua l Amount 2010 -11 Adopted Budget This Year2012 -13 Proposed Budget Next Year2013 -14 Beginning Fund Balance /Net Working Capital NA $ $ 124,200 Federal, State and All Other Grants NA $ $ Revenue from Bonds and Cher Debt NA $ 125,000 $ Informal Transfers NA $ $ All Otller Resources ExceptDlvlslon ofTaxB Special Levy NA $ $ Revenue from Division ofTax NA $ W,000 $ Wood Revenue from Special Levy NA NA NA Tole l Resources NA $ 175,000.00 $174,200 FINANCIAL SUMMARY - REQUIREMENTS BY OBJECT CLASSIFICATION Personnel Services NA $ $ Materals and Services NA $ 24,500 $ 18,700 Central Outlay NA $ 145,000 $ 1W,W0 DebtService NA $ 2,W0 $ 2,W0 Interfund Transfers NA $ $ Contingencies NA $ 3,000 $ 3,000 All Other Expenditures and Requirements NA $ $ Unappmpnated Ending Fund Balance NA $ $ Total Requirements NA $ 1]5,000 $ 174,200 STATEMENT OF INDEBTEDNESS LONG TERM DEBT Estimated Debt Outstanding July 1, 2013 Estimated Debt Authorized, B of Not Incurred an July 1 General Obligation Bonds $ $ Other Bonds $ $ Other Borrowings $ 125,000.00 $ Tom $ 125,000.00 $ Page 7 of 14 DCP061313 Page 39 FORM RESOURCES LB -20 General Fund Central Point Development Cam misson Page 8 of 14 DCP061313 Page 40 HlsbAcal Data RESOURCE DESCRIPTION Budget bl Near Year 201314 GUaI 2012 1� gl Corn vernn 9 �u NA NA $ ele]or $ $ NA NA $ elsl $ $ NA NA $ u,ry t124 $ $ A NA $ NA NA $ 126,000 lal $ $ 10 10 1 11 1 12 12 13 13 13 1 14 14 1 11 11 16 16 16 1 17 17 18 18 18 11 11 11 20 20 21 21 21 22 22 22 23 23 24 24 21 21 27 27 NA NA $ 126,00000 09 exxpum $ 12420000 $ $ $ 60,00000 3 TTOTAL 32 NA NA $ 175 ,00000 132 RESOURCES $ M,200 00 $ $ 32 Page 8 of 14 DCP061313 Page 40 REQUIREMENTS SUMMARY FORM LB -30 Central Point Development Cemmleelm - General Fund Page 9 of 14 DCP061313 Page 41 Matencal Date REQUIREMENTS DESCRIPTION Budget Forged Year201314 4oplc4 B, NA NA NA TOTAL Plegai SURNICIED Se S 0 NA NA 5 $200 4 AOrrer,5In g/Lega 11 Not, .200 NA NA 5 5500 5 P mlu slo na l Se MCUr 55500 NA NA And ta bo1(55500) NA NA 5 15500 6 510,000 NA NA 5 500 ] 5600 NA NA 5 500 B 5300 NA NA 5 300 1 5300 11 NA NA I S 34,500 11 TOTAL M ATERIALS AND SURNICIED S18700 S S ill III IIIII I CAPITAL OUTLAY IIIIIIIIIIIII 1111111111111 11 NA NA 5 15,000 12 FakCt111t Ul LIt 5 40,000 NA NA 5 50,000 5 60,000 NA NA 5 15,000 Pr 5 15,000 5 45,000 g G Pon 5 15,000 16 NA NA S 145000 16 TOTAL CAPITAL OUTLAY S 150000 S S NA NA 5 2500 17 CRY L111 Itillat Orly 5 2500 NA NA 5 2500 18 TOTAL DPILT SENNICE 2,500 Y 11 21 1 al 21 A NA S s 22 5 3000 2a S 3 000 24 Jill Jill 1124 Or, 11, 1,rs) 11 24 ES NA NA $175,0001S6 TOTAL REQUIREMENTS $174,200 $ $ Page 9 of 14 DCP061313 Page 41 LEGAL COMPLIANCE • Notice of Budget Committee meeting • Notice of Budget Hearing • Resolution Adopting the Annual Budget • FORM UR -50, Notice to Assessor Page 10 of 14 DCP061313 Page 42 NOTICE OF BUDGET COMMITTEE MEETING A public meeting of the Budget Committee of the Central Point Development Commission, Jackson County, Oregon to discuss the budget for the fiscal year July 1, 2013 to June 30, 2014, will be held the City Council Chambers, 140 S. Third Street, Central Point, Oregon. The meeting will take place on April 15, 2013, at 6:00 P.M. The purpose of the meeting is to receive the budget message and comments from the public on the budget. A copy of the budget document maybe inspected or obtained on or after April 11, 2013 at the Finance Offices of the City of Central Point, between the hours of 9:00 A.M. and 5:00 P.M., on the City of Central Point web site at www.centraIpointoregon.gov. This is a public meeting where deliberation of the Budget Committee will take place. Any person may appear at the meeting and discuss the proposed budget with the Budget Committee. Page 11 of 14 DCP061313 Page 43 NOTICE OF BUDGET HEARING A public meeting of the Central Point Development Commission w II be held on June 13, 2013 at 8:00 pm at the City of Central Point Council Chambers , 140 S, 3d SL,Central Point Oregon. The purpose of this meeting Is to discuss the bud get fordo fiscal year beginning July 1, 2013 as approved by the Central Point Development Commission Budget Committee. A summary of the budget Is presented below. A copy of the budget may be Ins pectert punctured at the City of Central Point Finance Department, 140 S. 3rd St, Central Point, OR, between the hours of 9,00 a. m and 5,00 p. m., or at Ycv central poinminegon.gov. This budget Is the first annual budget for the Central Point Development Commission. ConlectIXinna,on, V2en Renewal Manager Telephone (541)4231018 Ernal IXinsQeylon @cenlrelpoinloregon. gov FINANCIAL SUMMARY- RESOURCES TOTALOFALLFUNOS Actual Amount 2010 -11 Adopted Budget This Year2012 -13 Approved Budget Next Year2013 -14 Beginning Fund Balance /Net Working Capital NA $ $ 124,200 Federal, State and All Other Grants NA $ $ Reve has from Be nds and Other De at NA $ 125,000 $ Interfund Transfers NA $ $ All Other Resources ExceptDlvision ofTax &Special Levy NA $ $ Revenue from Divisionof Tax NA $ 50,000 $ 50,000 Revenue from Special Levy NA NA NA Total Resources NA $ 175,000.00 $174,200 FINANCIAL SUMMARY - REQUIREMENTS BY OBJECT CLASSIFICATION Personnel Services NA $ $ Materials and Services NA $ 24,500 $ 18,700 Capital Outlay NA $ 145,000 $ 150,000 DebtService NA $ 2,500 $ 2,500 Interfunh Transfers NA $ $ Contrgencies NA $ 3,000 $ 3,000 All Other Expenditures and Requirements NA $ $ Unappropriated Ending Fund Balance NA $ $ Total Requirements NA $ 175,000 $ 174,200 STATEMENT OF INDEBTEDNESS LONGTERM DEBT Estmated Debt Ouetanding July 1, 2013 Estimated De b[ Authorized, But Notlncurre of on July General Obligation Bonds $ $ OtherBorms $ $ OtherBono Wltg6 $ 125,00000 $ Total $ 125,00000 $ Page 12 of 14 DCP061313 Page 44 FORM UR -50 NOTICE TO ASSESSOR 2013 -2014 Sebm it two 12) copies to colors assessor by Lilly 15. [::] check here if is an amended form. Notification The Central Point Development Commission authorizes Is 2013 -2014 ad valorem tax Increment amounts by plan area for the tax roll of Jackson Canny Chris Clayton lYanrad Foo.) 140S 3rd St Central Point Coked 97502 latency's VaI ,Address) (541) 423 -1918 July 11. 2013 ITelephaoe Nwrbep Al I Chbs Claytaso@centralpclntor gortgov Omrach Porsm's Encil Address) Part 1: Option One Plans (Reduced Rate). For definition cf Option One plans. see ORS 45] 4351211a ) Plan Area Name therms (Value to ul 100% from Division of Tax Special Levy Ancel $ Or Yes $ $ Or Yes $ $ Or Yes $ $ Or Yes $ Part 2: Option Three Plans (Standard Rate ) For definition of Option Three pia ns. see ORS 457 43512)1c) Plan Area Name Increment fo Lill Value Amount Rom Division of Tax"' Special Levy Amour P"' $ Or $ Or $ Or PaIt3: Othe r Stan All to Rate PI a ns. For deA nl tic n c f sta red rd rate pla ns set ORS 451.0104b Plan Area Name Incremev f Value NOse' pal from Division of Tax' Downtown 8 East Pine Street Corridor Revllell cat lon Plan $ Or Yes X $ Or Yes $ Or Yes $ Or Yes $ Or Yes Part 4: Other Reduced Rate Plans. For definition N reduced rate old ns. ee ORS 4570104a Plan Area Name Increment Value bLial 10i from Davis,- or Tax' $ Or Yes $ Or Yes $ Or Yes $ Or Yes $ Or Yes Notice to Assessor of Permanent Increase in Frozen Value. Effective 2012 -2013, permanently Increase Rrozen value to Plan Area Name New frozen value $ Plan Area Name New frozen value $ ` All Plans except Option Three: Enter amou nt of lncre me nt Val u e m Use that is less than 100w Or check "Yes "to race lve 100% of division oftax_ Do NOT enter an amount of Increment Value to Use AND check "Yes ". " If an Option One plan enters a Spa cia l levy Amount you MUST the so "Yes" and NOT enter an amount of l rare ment to Use. "` Option Three plans a mer EITHER an a mou nt of l n creme nt Valu e to Use to raise l ass than the amou nt of d ivis to n of tax stated In the 1998 ordinance under ORS 457 435bo(c) OR the Amount Rom Fission of Tax Stated In the ortllnanoe. NOT both. "" If an Option Three plan requests both a n amou nt of In crem ant Value to Use that will ra ise l ass than the a mou nt of d ivision of tax stated In the 1998 ortllnanoe and a Special Leq Amount, the Special Levi Amount cannot exceed the amount available when the amount from division oftax stated In the ordinance Is subtracted from the plan's Maximum Authority_ Page 13 of 14 DCP061313 Page 45 ATTACHMENT "B" Resolution No. 2013 -1 BEFORE THE CENTRAL POINT DEVELOPMENT COMMISSION RESOLUTION ADOPTING THE BUDGET, MAKING APPROPRIATIONS, AND DECLARI NG TAX I NCREMENT The Central Point Development Commission resolves as follows: Section 1. The budget for fiscal year 2013 -14 in the total of $174,200 is adopted. This budget is now on file at the City of Central Point Finance Offices, 140 South Third Street, Central Point, OR 97502. Section 2. The amounts for the fiscal year beginning July 1, 2013; and for the purposes shown below are appropriated: General Fund Personnel Services. . 0 Materials & Services. . $ 18,700 Capital Outlay .................. ........ $150,000 Debt Service ............................$ 2,500 Contingencies ...........................$ 3,000 Total General Fund ............ ............................... ...... $174,200 Section 3. The Board of Directors certify to the county assessor a request for the Downtown & East Pine Street Corridor Revitalization Plan Area for the maximum amount of revenue that maybe raised by dividing the taxes under Section lc, Article IX, of the Oregon Constitution and ORS Chapter 457. The above resolution statements were approved and declared adopted on this 13" day of June 2013. Hank Williams, Chair Central Point Development Commission ATTEST Deanna Casey, Recorder Page 14 of 14 DCP061313 Page 46