CCDA Budget - FY2017-2018CCDA - PAGE
2017-18 Adopted Budget
Tigard, Oregon
PAGE 2 - CITY OF TIGARD
On the cover:
Attwell Off Main, the result of a public private partnership with the City Center Development Agency,
is bringing a critical mass of new residents to downtown Tigard.
CCDA - PAGE 3
FY 2017-2018 INFORMATION PAGE
EXECUTIVE DIRECTOR
Marty Wine
COMMUNITY DEVELOPMENT DIRECTOR
Kenny Asher
REDEVELOPMENT PROJECT MANAGER for DOWNTOWN
Sean Farrelly
FINANCE and INFORMATION SERVICES DIRECTOR
Toby LaFrance
CITY CENTER DEVELOPMENT AGENCY
City of Tigard 13125 SW Hall Blvd. Tigard, OR 97223
CITY CENTER DEVELOPMENT AGENCY BUDGET COMMITTEE
Bill Ludwig Mayor John L. Cook
Nathan Rix Councilor Tom Anderson
Clifford Rone Councilor John Goodhouse
Thomas Schweizer Councilor Jason Snider
Stephanie Veal Councilor Marc Woodard
Rajendra Patel, Alternate
CITY CENTER DEVELOPMENT AGENCY BOARD
John L. Cook, Chair
John Goodhouse Jason Snider
Tom Anderson Marc Woodard
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City Center Development Agency
City of Tigard
Fiscal Year 2017-2018
PAGE 4 - CITY OF TIGARD
FY 2017-2018 BUDGET MESSAGE
Transmittal to the Budget Committee and the Residents of Tigard
I am pleased to present the 2017-18 budget for Tigard’s City Center Development Agency (CCDA).
Tigard’s CCDA is charged with the revitalization of downtown Tigard and implementation of the
Urban Renewal Plan, which was approved by voters in May 2006. The primary funding source for
the district is (property) tax increment financing, which is a financing tool that funds urban renewal
projects. When the CCDA was established, the assessed valuation of the district was frozen.
Property taxes collected on any growth in assessed value above the frozen base (called the tax
increment) go to the CCDA. The district is also leveraging grant resources and rental income that
contribute to redevelopment planning efforts.
Tigard’s Urban Renewal District is modestly sized geographically and in terms of debt capacity.
Redevelopment will depend on public and private investment that will contribute to revitalizing the
downtown and create a foundation for continued tax increment growth.
During 2016-17, Tigard’s downtown achieved many accomplishments. The city received two
Brownfield Grants for the Saxony property on Tigard’s Main Street. These grants will enable the
cleanup of this property for redevelopment on Main Street near Fanno Creek. This last year also saw
the continuation of CCDA’s Strolling Street landscaping program, designed to encourage the
beautification of spaces between buildings and public space and complement the investment in Main
Street Green Street. The city continued in-kind support for the Tigard Downtown Alliance with
events. With help from a Metro grant, CCDA explored pre-development activities at public and
private sites near the Tigard Transit Center and Main Street called the Tigard Urban Lofts
development. An architectural contractor presented three options for further analysis. The 165 unit
mixed-use apartment complex, Attwell Off Main, is nearing completion. This has been a major
accomplishment that will bring permanent residents to Downtown Tigard. Lastly, CCDA and the
city have worked this last year to expand urban renewal within the city. In May 2017, there are two
ballot measures that are on the ballot. One will create an urban renewal district in the Tigard
Triangle, a portion of the city bounded by I-5, Hwy 217, and Pacific Highway. The second measure
will slightly expand the existing urban renewal district in downtown.
Looking ahead to 2017-18, CCDA will undertake the clean-up of the Saxony site for redevelopment.
Along with the clean-up, the agency will begin to work with a developer for the site, to be chosen
this month. The Agency will also provide a small amount in an Opportunity Fund for Strolling
Street projects, Targeted Improvement, Façade Improvement and Skyline Improvements. The
CCDA will further engage the District’s merchants and business owners together with the Tigard
Downtown Alliance to address parking challenges in Tigard’s Downtown.
As has been the case for the last three years, the resources available for redevelopment programs are
very limited, and the agency’s window to borrow additional funds will stay constrained for several
more years.
Tigard’s redevelopment efforts are stronger due to the time and commitment of volunteers who
serve on the City Center Advisory Commission, from the Tigard Area Chamber of Commerce, and
the Tigard Downtown Alliance. We look forward to continued progress in the upcoming year
thanks to these partnerships.
Respectfully submitted,
Marty Wine
Executive Director
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CCDA - PAGE 5
URBAN RENEWAL DISTRICT MAP
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PAGE 6 - CITY OF TIGARD
CITY CENTER URBAN RENEWAL AGENCY FACTS
District Formation Date .............................................................................................. May 2006
District Size (acres) ............................................................................................................. 193.71
District Tax Lot Area (acres): ........................................................................................... 144.14
District Right-of-Way Area (acres) .................................................................................... 49.57
Base Assessed Value ............................................................................................... $69,207,378
Assessed Value (2016) .......................................................................................... $107,510,119
Annual taxes levied (projected 2017) ...........................................................................$434,000
Maximum Debt Limit: ............................................................................................. $22,000,000
Debt Issued (2006-2016): .......................................................................................... $3,244,382
Remaining Debt Limit (2016) ................................................................................. $18,755,618
Principle Debt Outstanding (2016) .......................................................................... $1,927,679
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CCDA - PAGE 7
CAPITAL PROJECT FUNDS-URBAN RENEWAL CAPITAL IMPROVEMENTS
PAGE 5
PAGE 8 - CITY OF TIGARD
DEBT SERVICE FUNDS-URBAN RENEWAL DEBT SERVICE
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CCDA - PAGE 9
FY 2017-2018 URBAN RENEWAL PROJECTS
U rb a n R e n e w a l C a p ita l P r o j ects
S a x o n y d e moliti o n , c le a n -u p a n d site
p re p a ra tio n
E P A g ra n t fo r c le a n u p a n d p a rt o f
d e m o litio n ($ 3 0 0 ,0 0 0 ). $ 1 0 0 K C C D A
fu n d s
fo r d e m o litio n a n d o th e r s ite p re p .
($ 1 2 5 K
($ 1 2 5 ,0 0
$400,0 0 0
T ig a rd S tre e t H e rita g e T ra il P la z a C C D A c o n trib u tio n fo r p la z a $ 1 5 0 ,0 0 0
M a in a t F a n n o p u b lic sp a c e d e v e lo p m e n t D e sig n a n d e n g in e e rin g $ 1 0 0 ,0 0 0
T o ta l C a p ita l I m p ro v e m e n t P ro je c ts $ 6 5 0 ,0 0 0
U rb a n R e n e w a l P ro g ra m s
Urb an R e n e w a l I m p r o v e m e n t P r o g ra m
o ppo rtu n i t y f und
Opp o rtu n ity f und f o r S tro lli n g S tre e t,
T a r g e t e d I m p r o v e m e n t, F a cad e
Im p r o v e m en t
$50,0 0 0
A rc h ite c tu ra l D e sig n / R e a l E sta t e A d v i s o rs C o n c e p t d ra w in g s fo r p u b lic sp a c e s $15,0 0 0
T o ta l P ro g ra m s $ 6 5 ,0 0 0
D e b t S erv i c e US B a n k a n d C ity o f T ig a rd L o a n s $1 62,5 0 0
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PAGE 10 - CITY OF TIGARD
City of Tigard | ADOPTED CCDA BUDGET | FY 2017–2018
During summer of 2015, two 16-foot steel flowers designed by artist Brian Borrello were installed at
either end of Main Street where it intersects with Pacific Highway.
The sculptures, which Borrello collectively calls “Corylus,” were installed together with gateway im-
provements, including stonework, a “Welcome to Downtown Tigard” sign, public seating areas, light-
ing and landscaping.
The project is funded by urban renewal funds – tax revenues raised in the City Center Urban Renewal
District that are spent on projects within the district.
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