CCDA Budget - FY2013-2014City Center Development Agency
2013–14 Adopted Budget | Tigard, Oregon
CCDA - PAGE 1
FY 2013-2014 INFORMATION PAGE
City Center Development Agency
City of Tigard
Fiscal Year 2013-2014
CITY CENTER DEVELOPMENT AGENCY BUDGET COMMITTEE
Melanie Boekee Mayor John L. Cook
Don Fisher Councilor Gretchen Buehner
Melody Graeber Councilor Marland Henderson
Cameron James Councilor Jason Snider
Clifford Rone Councilor Marc Woodard
CITY CENTER DEVELOPMENT AGENCY BOARD
John L. Cook, Chair
Gretchen Buehner Jason Snider
Marland Henderson Marc Woodard
EXECUTIVE DIRECTOR
Marty Wine
COMMUNITY DEVELOPMENT DIRECTOR
Kenny Asher
REDEVELOPMENT PROJECT MANAGER for DOWNTOWN
Sean Farrelly
FINANCE and INFORMATION SERVICES DIRECTOR
Toby LaFrance
City of Tigard | ADOPTED CCDA BUDGET | FY 2013–2014
PAGE 2 - CITY OF TIGARD
FY 2013-2014 BUDGET TRANSMITTAL
To the Tigard community:
I am pleased to present the 2013-14 budget for Tigard’s City Center Development Agency (CCDA).
The City Center Development Agency is charged with the revitalization of downtown Tigard and im-
plementation of the Urban Renewal Plan, approved by voters in May of 2006. The district’s source of
funding is (property) tax increment financing, which represents a financing tool to assist with redevel-
opment. When the CCDA was established, the assessed value of the district was frozen. Property taxes
collected on any growth in assessed value above the frozen base (the tax increment) go to the CCDA.
Tigard’s Urban Renewal District is less mature than nearby districts, and is very modestly sized geo-
graphically and in terms of its debt capacity. The district’s redevelopment depends on public and pri-
vate investment that creates a foundation for continued growth in the tax increment and will contrib-
ute to revitalizing downtown. As with 2012-13, the 2013-14 budget year includes public investments
using other funds planned on Main Street, and acquisition for future park development in downtown.
The district is poised to use fund balance from the tax increment to secure private financing and invest
in major developments or land purchases sometime in the coming year.
Several urban renewal projects were accomplished in FY 2012-13. The City Center Development
Agency (CCDA) awarded its first Targeted Improvement Grant to Symposium Coffee, a new business
that has the potential to generate significant new activity in the downtown. The agency partnered with
many new businesses and property owners to provide architectural design assistance and matching
grant funding through its Façade Improvement Program. Construction has begun on the Burnham
Street public parking lot, which will provide new options for downtown customers and employees. In
addition, final designs for the Main Street Green Street project, largely funded by a $2.5 million grant
from Metro, are complete and construction will begin in spring 2014. The project will deliver new side-
walks and stormwater planters, and install energy-efficient LED lighting, street trees, and landscaping
on Main Street between the railroad tracks and south to Pacific Highway. The city is also plans to pur-
chase property for additional downtown open space.
The adopted FY 2013-14 budget for the CCDA comprises $581,000 in projects recommended by the
City Center Advisory Commission (CCAC). The budget includes continuation of the Façade Improve-
ment and Targeted Improvement Programs as well as the following projects:
A Brownfields Initiative, which will facilitate the inventory, assessment and clean-up of po-
tentially environmentally contaminated properties in downtown to encourage their redevel-
opment
Design and construction of gateway improvements at each end of Main Street, including
public artwork
Installation of distinctive lighting for the Fanno Creek Trail’s undercrossing of Pacific
Highway
CCDA - PAGE 3
FY 2013-2014 BUDGET TRANSMITTAL
Partnering with a developer to complete pre-development feasibility for a mixed use devel-
opment at the Public Works yard and another downtown site. This depends on develop-
ment partnership and obtaining another grant from Metro.
All CCDA projects will be paid for by loans from the City of Tigard. $220,000 of the projects are paid
for by carrying forward unspent loans from FY 2012-13; and the remaining $361,000 will be paid for
by a loan from the City of Tigard General Fund which is fully repaid in the same fiscal year. If invest-
ment prospects warrant, private financing will be pursued when a major project or land purchase with
the potential to directly impact the tax increment has been identified.
In the upcoming year, continuing to strengthen partnerships will establish a foundation for downtown
revitalization. The agency is fortunate to have the commitment of the volunteer City Center Advisory
Committee (CCAC) whose members actively advance the vision for redevelopment in Tigard’s down-
town. The Chamber of Commerce will continue efforts to organize downtown events with city sup-
port, and business and property owners have begun to articulate a positive vision for the urban renewal
area.
Respectfully submitted,
Marty Wine
Executive Director
PAGE 4 - CITY OF TIGARD
URBAN RENEWAL DISTRICT MAP
CCDA - PAGE 5
CITY CENTER URBAN RENEWAL AGENCY FACTS
District Formation Date .............................................................................................. May 2006
District Size (acres) ............................................................................................................ 193.71
District Tax Lot Area (acres): .......................................................................................... 144.14
District Right-of-Way Area (acres) ..................................................................................... 49.57
Base Assessed Value ................................................................................................ $69,207,378
Assessed Value (2012) ............................................................................................. $92,888,162
Annual taxes levied (projected 2013) .......................................................................... $300,940
Maximum Debt Limit: ............................................................................................. $22,000,000
Debt Issued (2006-2012): .......................................................................................... $1,049,382
Remaining Debt Limit (2012) ................................................................................. $20,950,618
Debt Outstanding (2012) .............................................................................................. $800,382
PAGE 6 - CITY OF TIGARD
CAPITAL PROJECT FUNDS-URBAN RENEWAL CAPITAL IMPROVEMENTS
CCDA - PAGE 7
DEBT SERVICE FUNDS-URBAN RENEWAL DEBT SERVICE
PAGE 8 - CITY OF TIGARD
FY 2013-2014 URBAN RENEWAL PROJECTS
FY 2013-14 CCDA Budget
New Requests
Project Description Budget
1. Brownfields
Initiative
This initiative will enable the agency to inventory, prioritize, and assess
potentially environmentally contaminated properties in Downtown to
encourage their redevelopment. The budgeted amount includes
required matching funds for State of Oregon and Federal EPA grant
programs.
$50,000
2. Public Works
Yard
Development
Grant match for Metro Construction Excise Tax Grant. The grant is a
partnership with a developer to complete pre-development feasibility
for a mixed use development at the Public Works Yard and another
downtown site.
$80,000
3. Façade
Improvement
Program
The program provides architectural design assistance and 50%
matching grant funding for businesses and property owners to
upgrade their building exteriors
$100,000
4. Business
Technical
Assistance/Events
This project provides technical assistance to downtown businesses for
economic development activities such as events and marketing.
$16,000
5. Fanno Creek
Trail/ Main St.
Lighting
Urban Renewal contribution to Fanno Creek Trail project will provide
distinctive lighting for the trail’s undercrossing of Pacific Highway
$70,000
6. Legal Services Legal services for urban renewal $20,000
7. Targeted
Incentive Program
The program provides 50% matching grant funding to construct
tenant improvements in vacant properties for restaurants and targeted
retail businesses on Main Street.
$25,000
Total New Requests $361,000
Carry forward from FY 12-13
1. Targeted
Incentive Program
$50,000 Carry forward from FY12-13 $50,000
2. Development
Technical
Assistance
Real estate development and architecture studies to foster the
opportunities for the redevelopment and/or renovation of properties.
$35,000
3.Gateways/
Public Art
Design and construction Main Street gateway improvements, including
two pieces of public artwork ($56,000- Main Street public Art, $60,000
Gateways)
$110,000
4. Façade
Improvement
Program
The program provides architectural design assistance and 50%
matching grant funding for businesses and property owners to
upgrade their building exteriors (Fanno Creek Brew Pub)
$25,000
Total Carry Forward $220,000
Total FY 13-14 Adopted Projects $581,000
Future Potential Projects fromCity Capital Improvement Plan
1. Main
Street/Green
Street
Improvements-
Phase 2
This project would reconstruct Main Street from the railroad crossing
to Scoffins Street. It would include improved landscaping, sidewalks,
parking improvement, stormwater treatment, and pedestrian amenities
working toward the vision of Main Street as a walkable town center.
CCDA is proposed to contribute $216,000 during FY 2015-2016
toward this $2,446,160 project
$216,000