HomeMy WebLinkAboutTCDA Resolution No. 25-05 CITY OF TIGARD, OREGON
TOWN CENTER DEVELOPMENT AGENCY
RESOLUTION NO. 25-0s—
A RESOLUTION AMENDING THE TIGARD TRIANGLE URBAN RENEWAL PLAN BY
ADDING THE ACQUISITION OF THREE PARCELS IN THE TIGARD TRIANGLE
(TAXLOT IDS 1S136DC-00500, 1S136DB-02503, and 1S136DC 00502)
WHEREAS, Section VI. B of the Tigard Triangle Urban Renewal Plan authorizes the acquisition of
property from willing sellers within the Tigard Triangle Urban Renewal Area;and
WHEREAS, on May 27, 2025, the Town Center Development Agency authorized the initiation of
the acquisition of three parcels 1S136DC-00500, 1S136DB-02503, and 1S136DC-00502 (collectively
the 72nd Ave Redevelopment Site) within the Tigard Triangle Urban Renewal Area; and
WHEREAS,Section VI of the Tigard Triangle Urban Renewal Plan requires a Minor Amendment
to the Plan to identify the specific properties for acquisition;and
WHEREAS,Section IX of Tigard Triangle Urban Renewal Plan states that Minor Amendments
require approval of the Town Center Development Agency by resolution.
NOW,THEREFORE, BE IT RESOLVED, by the Tigard Town Center Development Agency that:
SECTION 1: Tigard Triangle Urban Renewal Plan is hereby amended with the language
shown in Exhibit A.
SECTION 2: This resolution is effective immediately upon passage.
PASSED: This I .44'.\ day of .__ Tn1.-- , 2025.
Chair City of Tigard
Town Center Development Agency
ATTEST:
Recorder—City of Tigard
Town Center Development Agency
TCDA RESOLUTION NO. 25-06
Page 1
Proposed Amendment#2 to Tigard Triangle Urban Renewal Plan
EXHIBIT A
Proposed new text is shown in double- underline
Section VI. Property Acquisition& Disposition
A. Property acquisition for public improvements
The Agency may acquire any property within the Area for the public improvement projects undertaken
pursuant to the Plan by all legal means, including use of eminent domain. Good faith negotiations for
such acquisitions must occur prior to institution of eminent domain procedures.
B. Property acquisition from willing sellers
The Plan authorizes Agency acquisition of any interest in property within the Area that the Agency finds
is necessary for private redevelopment, but only in those cases where the property owner wishes to
convey such interest to the Agency.The Plan does not authorize the Agency to use the power of
eminent domain to acquire property from a private party to transfer property to another private party
for private redevelopment. Property acquisition from willing sellers may be required to support
development of projects within the Area.
Property for Acquisition
1. 72nd Avg Redevelopment Site:Taxlot IDS 15136DC-00500. 15136DB-02503.and 1S136DC-00502
C. Land disposition
The Agency will dispose of property acquired for a public improvement project by conveyance to the
appropriate public agency responsible for the construction and/or maintenance of the public
improvement.The Agency may retain such property during the construction of the public improvement.
The Agency may dispose of property acquired under Subsection B of this Section VI by conveying any
interest in property acquired. Property shall be conveyed at its fair reuse value. Fair reuse value is the
value,whether expressed in terms of rental or capital price, at which the urban renewal agency,in its
discretion,determines such land should be made available in order that it may be developed,
redeveloped, cleared,conserved,or rehabilitated for the purposes specified in the Plan. Because fair
reuse value reflects limitations on the use of the property to those purposes specified in the Plan,the
value may be lower than the property's fair market value.
Where land is sold or leased,the purchaser or lessee must agree to use the land for the purposes
designated in the Plan and to begin and complete the building of its improvements within a period of
time that the Agency determines is reasonable.
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