HomeMy WebLinkAboutResolution No. 25-41 CITY OF TIGARD, OREGON
TIGARD CITY COUNCIL
RESOLUTION NO. 25- 141
A RESOLUTION OF SUPPORT OF AN APPLICATION FOR A DEPARTMENT OF LAND CONSERVATION AND
DEVELOPMENT 2025-2027 TECHNICAL ASSISTANCE GRANT TO FUND A FEASIBILITY STUDY FOR THE
CREATION OF A NEW TAX INCREMENT FINANCING (TIF) DISTRICT IN RIVER TERRACE 2.0 AND AN
ASSESSMENT OF EXISTING TIF DISTRICTS.
WHEREAS,the Department of Land Conservation and Development has a new cycle of funding available for
the 2025-2027 biennium Technical Assistance grant program, which has targeted funds to support local
planning projects, including those that promote growth management and economic development;and
WHEREAS, the City is currently completing the River Terrace 2.0 Community Plan project to plan for the
development of an Urban Growth Boundary expansion area, approved by Metro on February 2, 2023;and
WHEREAS,the City last conducted an update to the Downtown Urban Renewal Plan in 2021,and the Tigard
Triangle Urban Renewal Plan has not been updated since its adoption in 2017;and
WHEREAS, the River Terrace 2.0 project completed a Housing Plan which identified the creation of a TIF
District as a strategy to support infrastructure investments and development assistance for developments
aligned with the mixed-income housing and economic development goals of the River Terrace 2.0
Community Plan;and
WHEREAS,the City seeks to support the housing and economic development goals and implementation of
the River Terrace 2.0 Community Plan and to further the City's economic and community development
goals citywide;and
WHEREAS, the grant would fund direct project-related costs to prepare an economic analysis and new or
updated urban renewal plans to assess the feasibility of and inform policy decisions on potential changes to
existing TIF Districts and the establishment of a new TIF District in River Terrace 2.0.
NOW,THEREFORE, BE IT RESOLVED by the Tigard City Council that:
SECTION 1: Council supports the submittal of an application for a Department of Land Conservation
and Development 2025-2027 biennium Technical Assistance Grant to fund the TIF District
Update Project to support housing and economic development goals of the City.
SECTION 2: This resolution is effective immediately upon passage.
PASSED: This 181a day of NO\lember. 2025.
RESOLUTION NO.25- Lit
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May ity of Timerd
ATTEST:
City Recorder-City of Tigard
RESOLUTION NO.25- VI
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