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Resolution No. 89-76 CITY OF TIGARD, OREGON RESOLUTION NO. 89-7 L A RESOLUTION OF THE TIGARD CITY COUNCIL CALLING FOR A SPECIAL ELECTION TO SUBMIT TO THE REGISTERED, QUALIFIED VOTERS OF THE CITY THE CITY CENTER DEVELOPMENT PLAN AND THE AUTHORITY TO USE TAX INCREMENT FINANCING AS A METHOD OF FUNDING ACTIVITIES SET FORTH IN THE PLAN. WHEREAS, the City Council held public hearings to consider the City Center Development Plan on March 27, April 10, 1989, September 11, 1989; and WHEREAS, the City Cocrcil adopted an ordinance anprov£ng the City Center Development Plan on Sept.=amber 11, 1989; and WHEREAS, the Charter of the City of Tigard Contains a provision prohibiting the activation or implementation of tax increment financing as a method of paying the debts and obligations of an agency established under the provisions of ORS 457 without approval of the voters of the city at a regular or special city election held In May or. November. NOW, THEREFORE, BE IT RESOLVED by the Tigard City Council that: Section 1. An election is hereby called to be held in the City of Tigard on the 7th day of November, 1989. Pursuant to ORS 254.465 and 254.470, the election will be conducted by mail. Sf-,c 2. The following ballot title and explanation is hereby approved and the following measure shall be printed upon the official ballot as set forth below. ############################################################################## CAPTION: TIGARD CITY CENTER DEVELOPMENT PLAN QUESTION: SHALL THE TIGARD CITY CENTER DEVELOPMENT PLAN BE APPROVED? EXP!Jk%ATION: This Plan would enhance the business and development potential of downtown Tigard by Improving streets, parking, parks, and other public facilities and by operating special redevelopment programs within the downtown area. This measure does not authuriae new or additional taxes. Property tax revenue received on any newly created value ("tax increment' revenue) will be used to pay for a portion of the public costs associated with the projects and programs outlined in the Plan. #######D###################f################################################## t Section 3. The city Recorder is hereby authorized and directed to certify in the manner provided by law to the Elections Director of Washington County, Oregon, the foregoing measure for inclusion as a part of the regular ballots to be prepared by such Director for voting at all precincts within the City of Tigard, at the Special Election of November 7, 1989. Section 4. The Tigard City Recorder shall be, and is hereby authorized .end directed to undertake all necessary and convenient acts to facilr_tate the Inclusion of this measure on the November 7, 1989 special Election ballot for the approval or rejection of the qualified voters of the City of Tigard and is further authorized and directed to give notice of the above described election and proposal by publishing once in the Tigard Times on September 23, 1989 as required by ORS 250.275. PASSEDs This day of-.-:tC'i,. 1989. , MaytSr - City`og Tigard A7^'85T s Day City Recorder - City of obigard i APPROVED AS TO FORM: ity Recorder � fseg. Date br CMP.can