Resolution No. 15-04 CITY OF TIGARD, OREGON
TIGARD CITY COUNCIL
RESOLUTION NO. 15-O`'(
A RESOLUTION TRANSFERRING OWNERSHIP OF THREE CITY-OWNED CONTIGUOUS
PARCELS (TAX LOTS 2S102AD02800, 2S102AD02900, AND 2S102AD03000) TO THE TIGARD
CITY CENTER DEVELOPMENT AGENCY
WHEREAS, Section 3.44.30 of the Tigard Municipal Code authorizes Council to transfer real property to an
urban renewal agency established by the Council pursuant to ORS Chapter 457 on such terms and conditions as
the Council deems appropriate and upon malting the required findings;and
WHEREAS, staff has proposed and recommends that the above-referenced properties be transferred to the
CityCenter Development Agency and the Council being fully apprised of the relevant facts and considerations,
NOW,THEREFORE,BE IT RESOLVED bythe Tigard City Council that:
SECTION 1. Findings:
A.The CityCenter Development Agency was established by Council pursuant to ORS Chapter 457;
B. Goal 5 of the City Center Urban Renewal Plan is to "Promote high quality development of retail,
office and residential uses that support and are supported by public streetscape, transportation,
recreation and open space investments". The City Center Development Agency intends to induce
redevelopment on these parcels to bring new residents to Downtown, promote revitalization and
increase property tax revenue. Transfer to the urban renewal agency for redevelopment or other
purpose is consistent with,and furthers the goals and objectives of,the adopted urban renewal plan;
G Transfer to the Agency furthers the public interest as it will enable private sector investment and
development, promote an economically vibrant downtown area, provide residential housing
opportunities, proximity to transit service, and increase property tax revenues benefitting all city
residents.
D.The City has authority under Oregon State law(ORS 271.310) to dispose of real property when the
public interest would be furthered.
SECTION 2. Ownership of tax lots 2S102AD02800, 2S102AD02900, and 2S102AD03000) hereby is
authorized to be transferred to the Tigard City Center Development Agency.
SECTION 3: This Resolution is effective immediately upon passage.The City Manager hereby is authorized
to execute a deed and such other documents as are necessary to effectuate the transfer,in consultation with the
CityAttorney.
PASSED: This day of0An&,0A ' 2015.
RE SOLUTI ON NO. 15-0'/
Page 1
Mayer 7pw
of Ti
ATTEST:
174
Qty corder- Gty of Tigard
RESOLUTION NO. 15-D'/
Page 2