TCDA Resolution No. 19-04 CITY OF TIGARD, OREGON
TOWN CENTER DEVELOPMENT AGENCY
RESOLUTION NO. 19--1- :
A RESOLUTION AMENDING THE CITY CENTER URBAN RENEWAL PLAN
BY ADDING THE ACQUISITION AND DISPOSITION OF TWO PIECES OF
LAND IN THE VICINITY OF MAIN STREET (TRAIL PARCEL AND
DRIVEWAY PARCEL)
WHEREAS, ORS 457. 170 authorizes the Town Center Development Agency ("TCDA" or
"Agency") to acquire or dispose of real property pursuant to its approved urban renewal plan;and
WHEREAS, the City Center Urban Renewal Plan ("Plan") authorizes the acquisition or disposition
of real property within the Urban Renewal Area as determined by the Agency to be necessary to
further the goals and objectives of the City Center Renewal Plan,as provided in Section VIII,
paragraphs A and B;and
WHEREAS, the Agency will acquire two areas of land,the Trail Parcel and the Driveway Parcel,to
convey to the City of Tigard to develop a public space adjacent to Fanno Creek downtown;and
WHEREAS, the Plan must be amended to add the acquisition of these properties to the list of
urban renewal projects;and
WHEREAS,the Plan must be amended to add the disposition of these properties to the list of
urban renewal projects; and
WHEREAS,adding projects that cost more than$500,000 in 2005 dollars and are materially
different from projects previously authorized in the Plan may be approved through a Council-
approved amendment;and
WHEREAS, the Tigard City Council will also consider approval of the amendment by resolution.
NOW,THEREFORE,BE IT RESOLVED,by the Tigard Town Center Development Agency that:
SECTION 1: The City Center Urban Renewal Plan is hereby amended with the language
found in Exhibit A.
SECTION 2: This resolution is effective immediately upon passage.
PASSED: This day of , 2019.
TCDA Resolution No. 19-
Page 1
Cha ity of Tigard
Town Center Development Agency
ATTEST:
Deputy RecoA' evelopment
er—City of gar
Town CenteAgency
TCDA Resolution No. 19-
Page 2
Proposed Amendment#8 to City Center Urban Renewal Plan
EXHIBIT A
Proposed new text is shown in double-underline
V. URBAN RENEWAL PROJECTS
Urban renewal projects authorized under the Plan,which may be undertaken by the Agency,are
described below and shown in Figures 2 to 7.To preserve and enhance the Area's natural resources,
projects will be designed and implemented with consideration for ecologically sensitive areas and to
minimize the impacts of development on the environment. Property acquisition may be required for
these projects. Further,some of the projects described herein will require participation of other public
agencies. In addition, real property acquisition and disposition are Projects under the plan as described
in Section V, paragraphs H and I.
H. Real Property Acquisition.
In addition to acquisition of real property,or any interest in real property,in conjunction with the
Projects identified in paragraphs A through G.,real property may be acquired as determined by the
Agency to be necessary to further the Goals and Objectives of the City Center Renewal Plan and as
provided in Section VIII,paragraph A. This includes acquisition of real property from willing sellers
to support development or redevelopment of retail,office,housing and mixed use project within the
Area.
1. Burnham Street Property,Taxlot ID 2S12AC-00202
2.Burnham and Ash Avenue Properties,Taxlots 2S102AD-02800,2S102AD-02900,and
2S 102AD-03000
3. Taxlots 2S102AB02000 and 2S102AB02100,Main Street"Saxony Properties"
4. An area of land adjacent to 12562 SW Main Street (Trail parcell
5.A strip of land adjacent to 9270 SW Maplewood Drive (Driveway 12a
I. Land Disposition
The Agency may dispose of property acquired under the Plan by conveying any interest in property
acquired pursuant to Subsection VIII A. Property shall be conveyed at its fair reuse value. Fair reuse
value is the value,whether expressed in terms of rental or capital price, at which the urban renewal
agency in its discretion determines such land should be made available in order that it may be
developed,redeveloped, cleared, conserved or rehabilitated for the purposes specified in such plan.
Because fair reuse value reflects limitations on use of the property to those purposes specified in the
Plan, the value may be lower than the property's fair market value.
Property disposition may be required to support development of retail, office,housing and mixed
use projects within the Area.
Proposed Amendment#8 to City Center Urban Renewal Plan
1. Taxlots 2S102AD02800,2S102AD02900,and 2S102AD03000;Burnham and Ash Avenue
Properties
2. Taxlots 2S102AB02000 and 2S102AB02100,Main Street" Saxony Properties"
4. An area of land adjacent to 12562 SW Main Street (Trail 12arcell
5.A strip of land adjacent to 9270 SW Maplewood Drive (Driveway narcell