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Resolution No. 14-38 CITY OF TIGARD, OREGON TIGARD CITY COUNCIL RESOLUTION NO. 14- 3 S A RESOLUTION TO AUTHORIZE A REQUEST TO THE STATE OF OREGON FOR THE DESIGNATION OF A VERTICAL HOUSING DEVELOPMENT ZONE IN THE CITY OF TIGARD WHEREAS,the City of Tigard supports the private sector's role in the creation and adaptive reuse of property that optimizes the economic potential of the City's limited supply of existing developable land; and WHEREAS,mixed-use development that supports fust-story commercial activity with upper-story residential use is a valuable tool for development in some parts of the City;and WHEREAS,mixed use development can strengthen commercial activity and provide new housing options for Tigard residents while capitalizing on existing mass transit options;and WHEREAS,State of Oregon statute ORS 285C.450 to 285C.480 enables municipalities to create a special district to encourage mixed-use development and WHEREAS,the State of Oregon's Oregon Housing and Community Services Department manages a tax credit program to encourage mixed-use commercial and multi-story development in a locally defined area; and WHEREAS,a Vertical Housing Development Zone (VHDZ) can be created to encourage private sector development through a partial ten-year tax credit on qualified projects;and WHEREAS,several areas in the City are eligible as a VHDZ on the state's criteria for targeted districts including.an urban center,access to rail/transit and compatible land uses allowing mixed-use areas;and WHEREAS,the proposed area is consistent with the state's criteria for a VHDZ and includes downtown Tigard as defined by the City Center Urban Renewal District,and the Tigard Triangle which together are designated as a Town Center;and WHEREAS,a Vertical Housing Development Zone should encourage development that supports downtown revitalization as discussed in the City Center Urban Renewal Plan;and WHEREAS, the Tigard Triangle is expected to support between 900 and 2,900 new dwelling units;and WHEREAS,in both areas of Tigard's Town Center,successful and sustainable development will provide access to commercial services,housing, and employment within walking distance of one another,while providing access to public transportation and other non-auto modes of travel to minimize single-occupancy vehicle use;and RESOLUTION NO. 14-3$ Page 1 WHEREAS,residential development will need convenient access and proximity to neighborhood scale commercial amenities (such as coffee shops, banks, restaurants,dry cleaners,hair salons,etc) while these businesses must also be focused in areas with the greatest visibility and access to patrons and residents to succeed; and WHEREAS, private sector development that provides capacity for residential activity located above commercial activity creates a marketplace for economic activity,more efficient land use patterns, and .,street activating"activity;and WHEREAS,the overlapping taxing districts that also derive revenue in this part of the City have been notified of the City of Tigard's intent to create a Vertical Housing Development Zone. NOW,THEREFORE,BE IT RESOLVED by the Tigard City Council that: a request for a Vertical Housing Zone designation be made,as documented in an application to the State of Oregon's Housing and Community Services Department. SECTION This resolution is effective immediately upon passage. PASSED: This 49fh day of Q to,14 2014. Mar -Cit}'of Tigard ATTEST: City Recorder-City of Tigard RESOLUTION NO. 14-38 Page 2