How is an urban renewal area created?

An urban renewal area is created through a process that includes community input, notice to impacted taxing jurisdictions, review by the City’s urban renewal agency, planning commission, and city council. The city council hearing notice must be sent to a specified group of citizens. The adoption of a plan must be with a non-emergency ordinance by the city council that does not go into effect for 30 days after adoption. The plan, together with an accompanying urban renewal report, identifies the goals of the urban renewal area and projects to be funded with TIF, describes how the area complies with statutory requirements for blight, projects tax increment revenues, and identifies a maximum amount of debt an urban renewal area can incur, among other topics.

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1. How is an Urban Renewal Plan financed?
2. How does Tax Increment Financing work?
3. What is Maximum Indebtedness?
4. When does it make sense to use urban renewal?
5. What can urban renewal pay for and what can it not pay for?
6. Does urban renewal increase property taxes?
7. How does “Tax Increment Financing” affect overlapping taxing districts?
8. What about schools?
9. How is an urban renewal area created?
10. What are the steps to amend a TIF area/plan?
11. What types of projects are typically completed?
12. How has urban renewal been used in Oregon City?
13. What are the benefits of TIF?
14. Why was the Urban Renewal Plan amended?
15. How long does an urban renewal plan last?
16. What are some examples of how urban renewal has been used elsewhere in Oregon?
17. What About the Downtown / North End District?
18. What do I do if I have more questions?