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04/10/2017 - Video Explains Urban Renewal in the Tigard Triangle City of Tigard Press Release 13125 SW Hall Boulevard Tigard,Oregon 97223 www.tigard-or.gov FOR IMMEDIATE RELEASE April 10, 2017 Contact: Susan Shanks Senior Planner City of Tigard 503-718-2454 susans@tigard-or.gov Video Explains Urban Renewal in the Tigard Triangle Tigard, Ore.:The City of Tigard has released a new video to help voters understand an upcoming ballot measure that,if approved,would create an urban renewal area in the Tigard Triangle.Tigard voters will consider Ballot Measure No. 34-275 in the May election. Watch the video here:www.tigard-or.gov/tigard triangle.php. "So often,we hear government officials throwing around words like `infrastructure'and`improvements,'but I think it's helpful to talk about what that really means for our community,"said Tigard Mayor John Cook. "If we approve the Tigard Triangle Urban Renewal Plan,we'll be able to upgrade roads and sidewalks to make driving,walking and biking safer.We'll be able to build new parks and trails.We'll be able to fix our sewers to reduce flood damage and protect public health.This video does a great job of demonstrating how we can get all of that done without creating bigger tax bills." Improving Our Community Without Raising Taxes More than 75 Oregon communities use urban renewal as a funding tool to help revitalize neighborhoods that lack basic infrastructure like sewers,sidewalks,roads and parks and spur private investment—all without raising taxes. An urban renewal plan for the Tigard Triangle would use tax revenue generated by new development and increased property values in the Triangle to pay for projects located in the Triangle. Urban renewal is not a quick fix. It takes time to generate revenue and build and repair infrastructure.If the plan is approved by voters,it would be implemented for 35 years.At the end of the plan,the additional tax revenue that had been funding projects in the Triangle would instead go to existing taxing entities like the Tigard-Tualatin School District,Tualatin Valley Fire&Rescue,the City of Tigard and others. Ballots will be mailed to registered voters starting April 26. Oregonians have until April 25 to register to vote before the May election and can register online at: http://sos.oregon.gov/voting-elections/Pages/my-vote.asl2 . Visit www.tigard-or.gov/mayballot to learn more about the two urban renewal measures on the May ballot in Tigard. For more information about urban renewal in Tigard,visit www.tigard-or.gov/urbanrenewal. To read more about the community's vision for the future of the Tigard Triangle,visit www.tigard- or.gov/tigard triangle.php. Page 1 of 1