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05/14/2025 - Agenda City of Tigard Town Center Advisory Commission Agenda City of Tigard | 13125 SW Hall Blvd., Tigard, OR 97223 | 503-639-4171 | www.tigard-or.gov | Page 1 of 1 MEETING DATE/TIME: May 14, 2025— 6:45 to 8:00 p.m. Note: A tour of the Just Compassion shelter (12264 SW Hall Blvd.) will be held before the meeting (6:00PM to 6:35 PM) HYBRID MEETING INFORMATION: In-person: Town Hall, 13125 SW Hall Blvd. or MS Teams: https://www.tigard-or.gov/home/showpublisheddocument/1949/637770827974830260 1. CALL TO ORDER Chair Velasquez 6:45 2. CONSIDER MINUTES Chair Velasquez 6:50 3. CALL FOR NON-AGENDA ITEMS Chair Velasquez 6:55 4. PUBLIC COMMENT Chair Velasquez 7:00 5. FOLLOW UP FROM PREVIOUS MEETING Sean Farrelly 7:05 6. UPCOMING MEETING SCHEDULE Sean/Chair 7:10 7. TCDA FY 25-26 BUDGET UPDATE Sean Farrelly 7:15 8. DEVELOPMENT ASSITANCE CRITERIA (ACTION ITEM) Sean Farrelly 7:25 9. PROJECT UPDATES Sean Farrelly 7:35 10. STRATEGIC PLAN/KPI’S SUBCOMMITEE UPDATES All 7:40 11. LIAISON REPORTS All 7:50 12. NON-AGENDA ITEMS All 7:55 13. ADJOURN BUSINESS MEETING Chair Velasquez 8:00 *EXECUTIVE SESSION: The Town Center Advisory Commission may go into Executive Session to discuss real property transaction negotiations under ORS 192.660(2) (e). All discussions are confidential and those present may disclose nothing from the Session. Representatives of the news media are allowed to attend Executive Sessions, as provided by ORS 192.660(4), but must not discl ose any information discussed. No Executive Session may be held for the purpose of taking any final action or making any final decision. Executive Sessions are closed to the public. Upcoming meetings of note: Mon., May 12. 6:00 p.m., TCDA Budget Committee Wed., June 4, 6:00 p.m., Joint TCAC/TTAC Meeting, Town Hall Related websites and information: Tigard TIF Districts Tigard Construction Updates The City of Tigard tries to make all reasonable modifications to ensure that people with disabilities have an equal opportunity to participate equally in all city meetings. Upon request, the city will do its best to arrange for the following services/equipment: • Assistive listening devices. • Qualified sign language interpreters. • Qualified bilingual interpreters. Because the city may need to hire outside service providers or arrange for specialized equipment, those requesting services/equipment should do so as far in advance as possible, but no later than 3 city work days prior to the meeting. To make a request, call 503-718-2481 (voice) or 503-684-2772 (TDD- Telecommunications Devices for the Deaf). Page 1 of 2 CITY OF TIGARD TOWN CENTER ADVISORY COMMISSION Meeting Minutes April 9, 2025 Members Present: Alvin Bautista, Sarah Ericksen, John Goodhouse (Alternate), JoJo Keating, Patty Lofgren, Michele Powers, Sarah Serata, Elise Shearer, Bob Tomasovic (Vice Chair), and Gabe Velasquez (Chair). Members Absent: Dan Hayes (Alternate), and Chris Sjolin. Staff Present: Redevelopment Project Manager Sean Farrelly, Economic Development Manager Danelle Hauther, Project Manager Windol Cador, and Sr. Administrative Specialist Joe Patton. Others Present: TCAC Council Liaison Councilor Yi-Kang Hu and Alternate Liaison Councilor Jeanette Shaw. 1. CALL TO ORDER Chair Velasquez called the meeting to order at 6:00 pm. The meeting was held in Town Hall with a hybrid MS Teams option. 2. CONSIDER MINUTES The March 12, 2025, TCAC Minutes were unanimously approved. 3. CALL FOR NON-AGENDA ITEMS John had an item. 4. PUBLIC COMMENT – N/A 5. FOLLOW UP FROM PREVIOUS MEETINGS Sean stated he shared the idea of displaying a QR code in vacant buildings in the TIF Districts to promote the grants. The Economic Development team also reviews the list of Business Licenses to ascertain if any are in the Districts and potentially eligible. They are also working with brokers in the TIF Districts and with the TDA. Danelle will attend a future meeting to provide an update. Gabe noted that at the Grants review meeting last Monday the applicant indicated they learned about the program from the TDA. 6. Q1 STRATEGIC PLAN REPORT CARD Sean briefly reviewed the 1st Quarter Goal Updates included with the agenda. 7. KEY PERFORMANCE INDICATORS (KPI’S) Sean shared a presentation that was included with the agenda which included a definition of KPI, Best practices of a KPI, Anatomy of a KPI, and Accomplishments to date for both TIF Districts. Commissioners decided to form subcommittees to discuss the Areas of Emphasis and KPIs for each. 8. DOWNTOWN/TRIANGLE PARKING UPDTE Sean shared a presentation which included Progress Since the October Forum, Parking Management Timeline, Time Enforcement Area, Parking Ambassadors, Triangle Collection Area, Downtown Data Collection Area (Main Street North, Main Street Middle, Main Street South, Burnham, Ash, and Commercial), Data Collected, and Next Steps. TOWN CENTER ADVISORY COMMISSION April 9, 2025 Page 2 of 2 9. DEVELOPMENT ASSITANCE PROCESS Sean briefly reviewed the Re/Development Assistance Criteria included with the agenda. He will make a few edits and bring it back for approval. 10. COORDINATION WITH TTAC Saah Serata reported that at the TTAC meeting on April 2 they discussed projects of interest shared by both TTAC and TCAC including SW 72nd Ave., Hall Blvd., Red Rock Creek Trail, and Fanno Creek Trail improvements such as lighting. Sean said the June meeting would occur on June 4 in Town Hall with TTAC and a potential joint tour on August 13. The E-Go project will be implemented citywide but the implementation in the TIF Districts would be of interest to TCAC. More information will follow. 11. PROJECT UPDATES Sean briefly reviewed the updates included with the agenda. Ava now has a projected opening the first part of May. John noted that from April 11 at 8 a.m. to April 14 at 8 p.m. Main St. will be closed from Tigard St. to Commercial St. for railroad crossing improvements. 12. LIAISON REPORTS A. Gabe noted the Grant Committee approved an application for NW Accent print shop which is moving from the Tigard Plaza to Main St. 13. NON-AGENDA ITEMS A. John shared that he left Fred Meyer the other evening around 9 p.m. travelling along 72nd. Ave. between McDonalds and the former Regal Cinemas property. He had to swerve to narrowly avoid hitting a man in dark clothing pushing a shopping cart. He noted the need for lighting and/or sidewalks in that area, especially with the affordable housing units nearby. B. Sean stated progress was made on purchase of land in the Triangle for a park. It is possible a decision will need to be made before the next TCAC meeting. Commissioners agreed to a short online Executive Session meeting if the issue needs to go to TCDA before the May 14 meeting. C. Elise noted the St. Anthony Housing Justice Committee met with City Council and relayed personal stories. They are planning an advocacy event at the Capital on May 21 as there are bills pending impacting renters. 14. ADJOURN BUSINESS MEETING The meeting adjourned at 8:00 pm. Joe Patton, TCAC Meeting Secretary Gabe Velasquez, Chair TCDA TOWN CENTER DEVELOPMENT AGENCY CITY OF TIGARD, OREGON FY 2025-26 PROPOSED BUDGET TOWN CENTER DEVELOPMENT AGENCY BUDGET COMMITTEE Kelli Pement, Chair Felipe Aguilar, Secretary Gregory Brown William Lewis Aaron McCool Lauren Poling Ethan Postrel Mayor Heidi Lueb Councilor Faraz Ghoddusi Councilor Yi-Kang Hu Councilor Heather Robbins Councilor Jake Schlack Councilor Jeanette Shaw Councilor Maureen Wolf TOWN CENTER DEVELOPMENT AGENCY BOARD Heidi Lueb, Chair Faraz Ghoddusi Yi-Kang Hu Heather Robbins Jake Schlack Jeanette Shaw Maureen Wolf INTERIM EXECUTIVE DIRECTOR Emily Tritsch COMMUNITY DEVELOPMENT DIRECTOR Sambo Kirkman REDEVELOPMENT MANAGER Sean Farrelly FINANCE DIRECTOR Eric Kang City of Tigard 13125 SW Hall Blvd. Tigard, OR 97223 TCDA 2 FY 2025-2026 Bഈ೷೺೸ഇ M೸ആആ೴೺೸ Town Center Development Agency Fiscal Year 2026 Budget Message Town Center Development Agency Board Directors, TCDA Budget Committee Members, and the Tigard Community: It is my privilege to present the Fiscal Year 2025-2026 (FY 2026) proposed budget for the Town Center Development Agency (TCDA), Tigard’s tax increment financing agency. Working with stakeholders, the TCDA oversees the revitalization of the voter-approved Tigard Triangle and the City Center (downtown) Tax Increment Financing (TIF) Districts. The TCDA plays a vital role in advancing our shared vision for Tigard to become “an equitable community that is walkable, healthy, and accessible for everyone." The TCDA improves Tigard’s long-term fiscal health by attracting new business and housing investment to the TIF Districts. This development increases Tigard’s tax base over time. In turn, this enables expanded city services for all Tigard residents. The TCDA supports implementing and managing several key priorities of our Strategic Plan, including: · Planned infrastructure projects like new streets, sidewalks, pedestrian safety projects, · trails, and access to public space; · Programs that assist mixed-use development and small businesses within the TIF · districts; · Addressing the housing needs of all community members by providing development · assistance for affordable housing in the TIF districts; · Attracting development to the TIF Districts, which are areas that have the capacity to serve, house, employ, and attract the most people with the least impact on Tigard’s natural systems and the climate; and, · Increasing the variety of local amenities for residents to access in Tigard. In FY 2025, the TCDA continued to fulfill its mission by creating a safer, healthier, and more connected Tigard for everyone. Working with partners and community members, we: · Advanced affordable housing through Development Assistance with the completion of Dartmouth Crossing North with 85 apartments and construction start-up of the Woodland Hearth building which will have 63 units; · Advanced market-rate, mixed-use development through Development Assistance with the opening of The Steward, a market-rate 57-unit Path to Net Zero mixed use building; · Made substantial progress on the Downtown Wayfinding Planning Project to encourage walking, cycling, and exploring Downtown Tigard; TCDA 3 FY 2025-2026 Bഈ೷೺೸ഇ M೸ആആ೴೺೸ Emily Tritsch, Interim Executive Director Town Center Development Agency · Supported equitable small business development by making four new Triangle Business Opportunity Program grants (including two restaurants) and three new City Center Improvement Program grants; · Assisted with mitigating houselessness by providing Development Assistance to Just Compassion’s new access center and the completion of Family Promise of Tualatin Valley’s renovations. The investments included in the FY 2026 Proposed Budget ensure that the TCDA will continue making progress on key community priorities: · Complete the Downtown Wayfinding Plan; · Make progress on acquiring land for Tigard Triangle parks and open spaces; · Deploy a fund to respond to small infrastructure opportunities like ADA-accessible curb ramps, street lighting, enhanced crosswalk treatments, and speed cushions. On behalf of the team advancing the TCDA’s vision, I am grateful for the time, commitment, and guidance of the volunteers who serve on the Town Center Advisory Commission (TCAC). The FY 2026 TCDA budget request reflects recommendations from the TCAC: ·Continue the increased grant funding availability to help attract new eating and drinking establishments to Downtown, and work with the Tigard Downtown Alliance and others to market the grants to prospective new businesses and property owners. ·Implement the Downtown Wayfinding Plan I want to acknowledge the hard work, commitment, and collaboration of Team Tigard in developing this plan. I want to specifically thank Redevelopment Manager Sean Farrelly, Community Development Director Sambo Kirkman, Finance Director Eric Kang, Budget Manager Kalena Plath, Economic Development Manager Danelle Hauther, Economic Development Specialist Tina Escalera, Project Manager Windol Cador, Senior Administrative Specialist Joe Patton, Management Analyst Laura Barrie, and Principal Engineer Courtney Furman. We look forward to continued progress in the coming year on advancing the TCDA’s mission of creating a safer, healthier, and more connected Tigard for everyone. Respectfully, TCDA 4 C೼ഇഌ C೸ഁഇ೸അ Uഅ೵೴ഁ R೸ഁ೸ഊ೴೿ D೼ആഇഅ೼೶ഇ M೴ഃ TCDA 5 C೼ഇഌ C೸ഁഇ೸അ Uഅ೵೴ഁ R೸ഁ೸ഊ೴೿ Aഅ೸೴ F೴೶ഇആ ් Pഅം೽೸೶ഇ L೼ആഇ District Formation Date May 2006 District Size (acres) 228.96 District Tax Lot Area (acres) 185.60 District Right of Way Area (acres) 43.36 Base Assessed Value $117,522,911 Assessed Value (Tax Year 2024-25) $204,469,241 Annual Taxes Levied (Tax Year 2024-25) $1,045,210 Maximum Debt Limit $42,800,000 Debt Issued (2006-2024) $12,502,980 Remaining Debt Limit (2024) $30,297,020 Principal Debt Outstanding (2024) $7,363,342 C೼ഇഌ C೸ഁഇ೸അ Uഅ೵೴ഁ R೸ഁ೸ഊ೴೿ Aഅ೸೴ FY 2025-2026 Pഅം೽೸೶ഇ L೼ആഇ City Center TIF Projects City Center Plan Project FY25-26 Budget Purpose/Benefit Nick Wilson Memorial Plaza E.2 Public Spaces: Plazas $ 40,000 Design, engineering public space/Fanno Creek Trail connection/bridge improvement/Main St trail crossing improvement. CIP #97027 Fanno Creek Trail Lighting C.11 Bike/Pedestrian Facilities $ 200,000 Design, engineering, and permitting of Fanno Creek Trail lighting, in the downtown area. CIP #95094 Downtown Wayfinding Implementation B. Streetscape Improvements $ 200,000 Implementation of plan for pedestrian and cycling wayfinding signage. CIP#95085 Downtown Small Infrastructure Fund B. Streetscape Improvements $ 50,000 Fund for quick opportunities for projects like ADA curb ramps, street lighting, enhanced crosswalk treatments, speed cushions, etc. CIP #95093 Total City Center Capital Improvement Projects $ 490,000 City Center TIF Programs City Center Plan Project FY25-26 Budget Purpose/Benefit Development Opportunity Studies/Development Advising G.1. Planning and Development Assistance: Rehabilitation/Redev. Grant/Loan Program $ 30,000 Planning/analysis for new housing and mixed use redevelopment in the Downtown and development advising to the Agency Development Assistance G.1. Planning and Development Assistance: Rehabilitation/Redev. Grant/Loan Program $ 100,000 Development incentive for mixed use or affordable projects that demonstrate a financial need Building Improvement Grants G.1. Planning and Development Assistance: Rehabilitation/Redev. Grant/Loan Program $ 225,000 Matching grants to property and business owners for façade and tenant improvements have strengthened participating businesses and improved downtown’s position as a walkable commercial district. Administration E. Plan Administration $ 285,300 Administrative costs associated with implementation of Plan Total City Center TIF Programs $ 640,300 Total City Center TIF Expenditures $ 1,130,300 TCDA 6 C೼ഇഌ C೸ഁഇ೸അ Uഅ೵೴ഁ R೸ഁ೸ഊ೴೿ C೴ഃ೼ഇ೴೿ Iഀഃഅംഉ೸ഀ೸ഁഇ Fഈഁ೷ Description FY 2023 FY 2024 2025 Revised 2026 Proposed 2026 Adopted Change from Prior RESOURCES 40000 - Beginning Fund Balance 3,895,715 141.380 143,741 144,191 0.31% Total Beginning Fund Balance 3,895,715 141.380 143,741 144,191 0.31% 44501 - Intergovernmental Revenue 0 0 0 0 0.00% Total Intergovernmental 0 0 0 0 0.00% 47000 - Interest Earnings 80,270 2,361 450 0 -100.00% Total Interest Earnings 80,270 2,361 450 0 -100.00% 48001 - Recovered Expenditures 0 0 0 0 0.00% 48003 - Asset Sale Proceeds 0 0 0 0 0.00% Total Miscellaneous 0 0 0 0 0.00% 49001 - Debt Proceeds 900,000 0 0 0 0.00% Total Other Financing Sources 900,000 0 0 0 0.00% 49425 - Transfer In from Parks SDC Fund 2,015,452 0 0 0 0.00% 49930 - Transfer In from Urban Renewal DSF 0 802,122 1,150,785 1,000,000 -13.10% Total Other Revenues Sources 2,015,452 802,122 1,150,785 1,000,000 -13.10% Total Resources 6,891,437 948,224 1,294,976 1,144,191 -11.64% REQUIREMENTS Program Expenditures TCDA - City Center 123,688 426,148 903,785 640,300 -29.15% Total Program Expenditures 123,688 426,148 903,785 640,300 -29.15% Total Work in Progress 6,626,369 375,974 247,000 490,000 98.38% Total Transfers Out 0 0 0 0 0.00% Total Budget 6,750,057 802,122 1,150,785 1,130,300 -1.78% Reserve for Future Expense 141,380 4,393,351 144,191 13,891 -90.37% Total Requirements 6,891,437 5,195,473 1,294,976 1,144,191 -11.64% TCDA 7 C೼ഇഌ C೸ഁഇ೸അ Uഅ೵೴ഁ R೸ഁ೸ഊ೴೿ D೸೵ഇ S೸അഉ೼೶೸ Fഈഁ೷ Description FY 2023 FY 2024 2025 Revised 2026 Proposed 2026 Adopted Change from Prior RESOURCES 40000 - Beginning Fund Balance 1,596,211 1,981,305 1,614,725 732,017 -54.67% Total Beginning Fund Balance 1,596,211 1,981,305 1,614,725 732,017 -54.67% 40100 - Current Property Taxes 804,535 924,044 944,812 1,030,530 9.07% 40101 - Prior Year Property Taxes 4,696 5,089 0 0 0.00% Total Taxes 809,231 929,133 944,812 1,030,530 9.07% 47000 - Interest Earnings 67,186 109,906 2,265 1270 -43.93% Total Interest Earnings 67,186 109,906 2,265 1270 -43.93% 48001 - Recovered Expenditures 0 0 0 0 0.00% Total Miscellaneous 0 0 0 0 0.00% Total Resources 2,472,628 3,020,344 2,561,802 1,763,817 -31.15% REQUIREMENTS Total Debt Service 491,323 603,496 679,000 651,891 -3.99% Total Transfers Out 0 802,122 1,150,785 1,000,000 -13.10% Total Budget 491,323 1,405,618 1,829,785 1,651,891 -9.72% Reserve for Future Expense 1,981,305 1,614,726 732,017 111,926 -84.71% Total Requirements 2,472,628 3,020,344 2,561,802 1,763,817 -31.15% TCDA 8 T೼೺೴അ೷ Tഅ೼೴ഁ೺೿೸ Uഅ೵೴ഁ R೸ഁ೸ഊ೴೿ D೼ആഇഅ೼೶ഇ M೴ഃ TCDA 9 T೼೺೴അ೷ Tഅ೼೴ഁ೺೿೸ Uഅ೵೴ഁ R೸ഁ೸ഊ೴೿ Aഅ೸೴ F೴೶ഇആ ් Pഅം೽೸೶ഇ L೼ആഇ District Formation Date May 2017 District Size (acres) 547.90 District Tax Lot Area (acres) 383.04 District Right of Way Area (acres) 164.86 Base Assessed Value $424,744,405 Assessed Value (Tax Year 2024-25) $570,808,707 Annual Taxes Levied (Tax Year 2024-25) $1,756,280 Maximum Debt Limit $188,000,000 Debt Issued (2017-2024) $8,880,569 Remaining Debt Limit (2024) $179,119,431 Principal Debt Outstanding (2024) $7,185,569 T೼೺೴അ೷ Tഅ೼೴ഁ೺೿೸ Uഅ೵೴ഁ R೸ഁ೸ഊ೴೿ Aഅ೸೴ FY 2025-2026 Pഅം೽೸೶ഇ L೼ആഇ Triangle Capital Improvement Projects Triangle Plan Project FY25-26 Budget Purpose/Benefit Red Rock Creek Trail Hwy 217 Pedestrian/Bicycle Bridge Project Refinement Study C. Public Spaces, Facilities, and Installations $ 50,000 Study for proposed pedestrian and bicycle bride over Hwy 217, part of a larger Red Rock Creek regional trail network. CIP #95092. Infrastructure Opportunity Fund A. Transportation $ 1,000,000 Fund opportunities to build pedestrian/street infrastructure though public/private partnerships Total Triangle Capital Improvement Projects $ 1,150,000 Triangle TIF Programs Triangle Plan Project FY25-26 Budget Purpose/Benefit Affordable Housing Development Fund D. Re/Development Assistance and Partnerships $ 500,000 Fund to contribute to the area’s diversity and vitality by providing pre-development and assistance to affordable housing projects. Business Opportunity Fund D. Re/Development Assistance and Partnerships $ 225,000 Fund to contribute to the Area’s diversity and vitality by providing assistance to new and existing businesses and housing developments, including façade and improvement grants Development Assistance D. Re/Development Assistance and Partnerships $ 1,000,000 Fund to contribute to the area’s diversity and vitality by providing pre-development and development assistance to mixed use projects that demonstrate a financial need. Administration E. Plan Administration $ 245,234 Administrative costs associated with implementation of Plan Total Triangle TIF Programs $ 1,970,234 Total Triangle TIF Expenditures $ 3,120,234 Tigard Triangle Transportation Improvements A. Transportation $ 100,000 Fund for project opportunities to enhance access and transportation conditions. CIP #95088 TCDA 10 T೼೺೴അ೷ Tഅ೼೴ഁ೺೿೸ Uഅ೵೴ഁ R೸ഁ೸ഊ೴೿ C೴ഃ೼ഇ೴೿ Iഀഃഅംഉ೸ഀ೸ഁഇ Fഈഁ೷ Description FY 2023 FY 2024 2025 Revised 2026 Proposed 2026 Adopted Change from Prior Year RESOURCES 40000 - Beginning Fund Balance 8,123,123 6,727,612 6,547,543 1,467,869 -77.58% Total Beginning Fund Balance 8,123,123 6,727,612 6,547,543 1,467,869 -77.58% 44501 - Intergovernmental Revenue 0 0 0 0 0.00% Total Intergovernmental 0 0 0 0 0.00% 47000 - Interest Earnings 211,720 56,634 0 10,000 100.00% Total Interest Earnings 211,720 56,634 0 10,000 100.00% 48001 - Recovered Expenditures 0 0 0 0 0.00% Total Miscellaneous 0 0 0 0 0.00% 49001- City of Tigard Parks SDC 0 0 0 0 0.00% Total Other Revenue Sources 0 0 0 0 0.00% 49935 - Transfer In from Tigard Triangle DSF 0 0 1,600,000 1,725,000 7.81% Total Transfers In 0 0 1,600,000 1,725,000 7.81% Total Resources 8,334,842 6,784,246 8,147,543 2,402,869 -60.69% REQUIREMENTS Program Expenditures TCDA - Tigard Triangle 1,607,231 236,703 3,579,674 1,970,234 -44.96% Total Program Expenditures 1,607,231 236,703 3,579,674 1,970,234 -44.96% Total Work in Progress 0 0 1,000,000 1,150,000 15.00% Total Transfers Out 0 0 2,900,000 0 -100.00% Total Budget 1,607,231 236,703 7,479,674 3,120,234 -58.28% Reserve for Future Expense 6,727,611 6,547,543 667,869 82,635 -87.63% Total Requirements 8,334,842 6,784,246 8,147,543 4,949,869 -60.69% TCDA 11 T೼೺೴അ೷ Tഅ೼೴ഁ೺೿೸ Uഅ೵೴ഁ R೸ഁ೸ഊ೴೿ D೸೵ഇ S೸അഉ೼೶೸ Fഈഁ೷ Description FY 2023 FY 2024 2025 Revised 2026 Proposed 2026 Adopted Change from Prior Year RESOURCES 40000 - Beginning Fund Balance 850,023 1,382,726 2,098,424 1,498,377 -28.60% Total Beginning Fund Balance 850,023 1,382,726 2,098,424 1,498,377 -28.60% 40100 - Current Property Taxes 1,316,731 1,642,777 1,738,619 1,909,380 9.82% 40101 - Prior Year Property Taxes 5,078 7,238 0 0 0.00% Total Taxes 1,321,809 1,650,015 1,738,619 1,909,380 9.82% 47000 - Interest Earnings 71,562 132,786 7,334 5,830 -20.51% Total Interest Earnings 71,562 132,786 7,334 5,830 -20.51% Total Resources 2,243,394 3,165,529 3,844,377 3,413,587 -11.21% REQUIREMENTS Total Debt Service 677,673 677,685 746,000 677,671 -9.16% Total Transfers Out 0 0 1,600,000 1,725,000 7.81% Total Budget 2,346,000 2,402,671 2.42% Reserve for Future Expense 1,382,726 2,098,424 1,498,377 1,010,916 -32.53% Total Requirements 2,243,394 3,165,529 3,844,377 3,413,587 -11.21% TCDA 12 S೶೻೸೷ഈ೿೸ ം೹ Aഃഃഅംഃഅ೼೴ഇ೼ംഁആ Fund Program Proposed Budget Committee Changes Approved Council Changes Adopted City Center Capital Improvements City Center URA 1,130,300 - - - Tigard Triangle URA - - - - Debt Service - - - - Transfer - - - - Capital Improvements - - - - Contingency - - - - 1,130,300 - - - City Center Debt Service City Center URA - - - Tigard Triangle URA - - - - Debt Service 651,891 - - - Transfer 1,000,000 - - - Capital Improvements - - - - Contingency - - - - 1,651,891 - - - Tigard Triangle Capital Improvements City Center URA - - - - Tigard Triangle URA 3,120,234 - - - Debt Service - - - - Transfer - - - - Capital Improvements - - - - Contingency - - - - 3,120,234 - - - Tigard Triangle Debt Service City Center URA - - - - Tigard Triangle URA - - - - Debt Service 677,671 - - - Transfer 1,725,000 - - - Capital Improvements - - - - Contingency - - - - 2,402,671 - - - All Funds City Center URA 1,130,300 - - - Tigard Triangle URA 3,120,234 - - - Debt Service 1,329,562 - - - Transfer 2,725,000 - - - Capital Improvements - - - - Contingency - - - - $ 8,305,096 $ - $ - $ - $ Re/Development Assistance Criteria 1. Provides Public Amenities, includes a public plaza or gathering space of 2,000 square feet or more, or publicly accessible amenities that exceed the requirements of the Tigard Development Code. 2. Promotes High-quality, Pedestrian-friendly Urban Design, including high-quality landscaping and architecture and/or other elements beyond current requirements. Final determination of whether a project meets this criterion will be made at the staff’s discretion and may be appealed to the TCDA. 3. Provides Equitable Economic Opportunities, either at the project’s completion or during construction (e.g., by employing at least 30 percent Disadvantaged, Minority, Women, Service-Disabled and Emerging Small Businesses (D/M/W/SV/ESB)). A project may also provide not less than 1,000 square feet of the project’s commercial space —at below-market-rate rent (details subject to an agreement). 4. Contributes to Placemaking and Local Identity through art, wayfinding, or other relevant components. Projects may qualify if they are mixed-use developments that include a substantial and verifiable proportion of the building’s frontage used for active commercial frontage. Final determination of whether a project meets this criterion will be made at the staff’s discretion and may be appealed to the TCDA. 5. Improves Multimodal Conditions through transit-oriented development or multimodal transportation and/or transit elements beyond what is required in City of Tigard development review process. Generally, projects that provide amenities above and beyond “standard development practice” will qualify. Specifically, a project must be located within 0.5 miles of frequent transit, provide more than double the amount of bicycle parking required by the Development Code, provide transit passes to residents and/or employees, and provide a predetermined proportion of all parking spaces for car share and electric vehicle charging. 6. Mitigates Environmental or Stormwater Issues in the TIF District Area beyond what is required on the project site by being certified as meeting LEED, Earth Advantage, or similar green building program (with staff approval) and/or the inclusion of solar panels. The project may also advance a stormwater project as described in the City of Tigard’s Capital Improvement Plan, with an investment of at least $100,000. Projects may also qualify with similar investments in green infrastructure stormwater mitigation, such as tree infiltration trenches, green roofs, porous pavement or pavers, or bioretention. 7. Located in a Priority Area of the TIF District. As determined by Tigard staff, specific areas of TIF districts are identified as priorities to incentivize development clusters. The priority area may rotate or change over time at the staff’s discretion. Re/Development Assistance Criteria Criteria High (30 pts) Medium (20 pts) Low (10pts) 1.Provides Public Amenities, includes a public plaza or gathering space of 2,000 square feet or more, or publicly accessible amenities that exceed the requirements of the Tigard Development Code. 2,000 SF plaza or Meeting room reservable by the public (requires agreement) Smaller public space or amenity (that exceeds development code requirement) N/A 2. Promotes High-quality, Pedestrian-friendly Urban Design, including high-quality landscaping and architecture and/or other elements beyond current requirements. A. For projects within City Center TIF District meet all applicable Design Standards in TDC 18.650.080 B. For projects within Triangle TIF District, in addition to meeting 18.660.770 (Triangle Site Design Standards) voluntarily meet Downtown Design Standards 18.650.080 B, C, D, E, and F that are not in conflict with Chapter 18.660 N/A N/A 3. Provides Equitable Economic Opportunities, either at the project’s completion or during construction (e.g., by employing at least 30 percent Disadvantaged, Minority, Women, Service-Disabled and Emerging Small Businesses (D/M/W/SV/ESB)). A project may also provide not less than 1,000 square feet of the project’s commercial space—at below-market-rate rent (details subject to an agreement). Meets 30 percent employment of (D/M/W/SV/ESB)) and/or at least 1000 SF of below-market rate commercial space Meets 20 percent employment of (D/M/W/SV/ESB)) and/or below- market rate commercial space (under 1000 SF) Meets 10 percent employment of (D/M/W/SV/ESB)) 4. Contributes to Placemaking and Local Identity through art, wayfinding, or other relevant components. Projects may qualify if they are mixed-use developments that include a substantial and verifiable proportion of the building’s frontage used for active commercial frontage. Final determination of whether a project meets this criterion will be made at the staff’s discretion and may be appealed to the TCDA. Spends 1% or more of construction budget on art, wayfinding, placemaking Spends 0.5%-1% of construction budget on art, wayfinding, placemaking Spends at least .25% of construction budget on art, wayfinding, placemaking 5. Improves Multimodal Conditions through transit-oriented development or multimodal transportation and/or transit elements Includes three of these: Includes two of these Includes one of these Re/Development Assistance Criteria beyond what is required in City of Tigard development review process. Generally, projects that provide amenities above and beyond “standard development practice” will qualify. Specifically, a project must be located within 0.5 miles of frequent transit, provide more than double the amount of bicycle parking required by the Development Code, provide transit passes to residents and/or employees, and provide a predetermined proportion of all parking spaces for car share and electric vehicle charging. • Located within 0.5 miles of frequent transit, • Provide more than double the amount of bicycle parking required by the Development Code • Provides transit passes to residents and/or employees (details to be determined) • Provides a predetermined proportion of all parking spaces for car share and electric vehicle charging. 6. Mitigates Environmental or Stormwater Issues in the TIF District Area beyond what is required on the project site by being certified as meeting LEED, Earth Advantage, or similar green building program (with staff approval) and/or the inclusion of solar panels. The project may also advance a stormwater project as described in the City of Tigard’s Capital Improvement Plan, with an investment of at least $100,000. Projects may also qualify with similar investments in green infrastructure stormwater mitigation, such as tree infiltration trenches, green roofs, porous pavement or pavers, or bioretention. Meets one of these: • Certified as meeting LEED, Earth Advantage, or similar green building program (with staff approval) • Inclusion of rooftop solar panels. • Advances a stormwater project as described in the City of Tigard’s Capital Improvement Plan, with an investment of at least $100,000. • Located on a former Brownfield Investments of $75K in green infrastructure stormwater mitigation, such as tree infiltration trenches, green roofs, porous pavement or pavers, or bioretention (above what is required by code) Other investments in green infrastructure stormwater mitigation, such as tree infiltration trenches, green roofs, porous pavement or pavers, or bioretention. (above what is required by code) 7. Located in a Priority Area of the TIF District. As determined by Tigard staff, specific areas of TIF districts are identified as priorities to incentivize development clusters. The priority area may rotate or change over time at the staff’s discretion. In Priority Area, currently City Center- Main St or Burnham St Tigard Triangle- Area south of 99W to Dartmouth N/A N/A Agenda Item 9 5/5/25 TIF District Project Updates City Center TIF District 1. Universal Plaza •Two new Launch Pod food carts opened on May 4 2. Main Street at Fanno (AVA) project •Ground floor construction work continues 3. City Center Building Improvement Grants •New grant awarded: NW Accents on Main St 4. Nick Wilson Memorial Plaza (Fanno Creek Overlook) •Looking at potentially reduced scope 5. City Facilities Consolidation (only parking structure is TIF funded) •New Public Works/Police facility being planned •Future of PW building site TBD 6. Downtown Reimagined •Development code amendments will be worked on 2025 7. Downtown Parking Strategy •Parking Meeting held on April 3 •Council briefing on May 6 •Data collection continuing •Communication Plan for new time limit parking hours (M-Sat 8AM to 7PM) 8. Hall Blvd •Still under consideration at Legislature 9. Just Compassion Access Center •TCAC tour 10. Fanno Creek Trail Lighting •Pre-application conference held •Included in proposed TCDA Budget 11. Downtown Wayfinding Plan •Final Design Advisory Team meeting being scheduled •Implementation phase to start in summer Tigard Triangle TIF District 1. A Bridge to Home (FPTV) • Construction of kitchen renovations nearing completion 2. Red Rock Creek Trail Planning • Investigating grants for construction 3. Parks • Agency investigating properties • REACH pocket park delayed until 2026 4. Opportunity Fund (matching grants) • A total of 4 grants made (2 restaurants) so far in FY24-25 5. 72nd Avenue • Open House held on April 17 6. Mixed Use Path over Highway 217 • Waiting to hear on State grant request to fund refinement study for Red Rock Creek Trail crossing of Hwy 217 7. REACH/Dartmouth Crossing North • Building is complete and currently leasing. Grand opening being scheduled • Offsite pedestrian improvements will be done with Phase 2 (2026) 8. Tigard Cinemas Property • PacTrust working on concept plan 9. CPAH Woodland Hearth • Construction underway • Groundbreaking ceremony on June 11 10. Other Triangle Development • The Montage with 183-market-rate apartments next to Hwy 217 is underway Agenda Item 9