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Resolution No. 90-14 CITY OF TIGARD, /OREGON j RESOLUTION NO. A RESOLUTION OF THE TIGARD CITY COUNCIL CALLING FOR A SPECIAL ELECTION TO SUBMIT TO THE REGISTERED, QUALIFIED VOTERS OF THE CITY THE PRESIDENT'S PARKWAY 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 a public hearing to consider the President's Parkway Development Plan on March 5, 1990; and WHEREAS, the City Council adopted an ordinance approving the President's Parkway Development Plan on March 12, 1990; and WHEREAS, the Charter of the City of Tigard contains a provision prohibiting the City from using 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 el ect-1 on is t,e,-.>t,y callediand for the City of Tigard, Washington County, Oregon on Tuesday, May 15, 1990, between the hours of 7:00 a.m. and 8:00 p.m. Section 2. The fallowing ballot title and explanation is hereby approved and the following measure shall be printed on the official ballot as set forth below. CITY OF TIGARD PRESIDENT'S PARKWAY DEVELOPMENT PLAN Question: Shall the President's Parkway Development Plan be approved? Explanation: The President's Parkway Plan includes waterway, transportation and other public improvements within the Development Area. The boundaries of the Development Area include Highway 217 on the south, Hall Boulevard on the east, Locust Street on the north and Greenburg Road on the west. The Plan does not authorize new or additional taxes. Property Lax 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 Plan. RESOLUTION NO. 90 PAGE 1 Section 3. The election will be conducted by the Washington County Elections Department, which department shall establish polling places, precincts, and election boards for such election. Section 4. The City Recorder is hereby authorized and directed to certify in the manner provided for by law to the Elections Director of Washington County, Oregon, the foregoing measure for inclusion as a part of the regular ballots tn- prepared by the Elections Director for voting at all precincts.,4ithin the City of Tigard at the special election on May 15, 1990. Section 5. The City Recorder shall be, and is hereby authorized and directed to undertake all necessary and convenient acts to facilitate the inclusion of this measure on the May 15, 1990 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 receipt of the ballot title as required by ORS 250.275, by publishing said notice in the Tigard Times on March 15, 1990. Section 6. The City Recorder of the City of Tigard is hereby ordered and directed to post notices of said election in one place in each voting precinct of the City. These notices shall be posted at least ten (10) days before the date set for the election. The City Recorder shall give additional notice of the aforesaid City election by publication in the Tigard Times, being a newspaper of general circulation in the City of Tigard, Oregon, once each week for two consecutive weeks, the first publication to be not less than ten (10) days before the election. The notice shall contain the ballot title under which the question will appear on the ballot and shall set forth the time and place of said election. This Resolution adopted th's ! day of March 1990. ATTEST: City Recorder Arp OVED AS TO FORM: . i,{ ` i" l E-L-L--. City Attorney and\tigard\urbanr—re RESOLUTION NO. 90 PAGE 2