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Home My WebLink AboutTCAC_Packet_20260211 City of Tigard | 13125 SW Hall Blvd., Tigard, OR 97223 | 503-639-4171 | www.tigard-or.gov | Page 1 of 2 City of Tigard Town Center Advisory Commission Agenda MEETING DATE/TIME: February 11, 2026— 6:00 to 8:00 p.m. HYBRID MEETING INFORMATION: In-person: Tigard Town Hall, 13125 SW Hall Blvd. or MS Teams: https://www.tigard-or.gov/home/showpublisheddocument/1949/637770827974830260 1. CALL TO ORDER Chair Velasquez 6:00 2. CONSIDER MINUTES Chair Velasquez 6:02 3. CALL FOR NON-AGENDA ITEMS Chair Velasquez 6:05 4. PUBLIC COMMENT Chair Velasquez 6:10 5. STAFF LIAISON UPDATE Sean Farrelly 6:15 6. FINALIZE STRATEGIC PLAN (ACTION ITEM) All 6:20 7. PREP FOR FEB. 17 JOINT TCAC/TCDA BOARD MEETING All 6:50 8. REVIEW DRAFT TCDA BUDGET PROPOSAL Sean Farrelly 7:05 9. CINEMAS SITE SURVEY RESULTS Sean Farrelly 7:20 10. PROJECT UPDATES Sean Farrelly 7:30 11. GRANT FOR SW 72nd AVE LETTER OF SUPPORT (ACTION ITEM) Sean Farrelly 7:40 12. TCDA FINANCIAL IMPACT REPORT Sean Farrelly 7:45 13. LIAISON REPORTS All 7:50 14. NON-AGENDA ITEMS All 7:55 15. ADJOURN BUSINESS MEETING Chair Velasquez 8:00 *EXECUTIVE SESSION: The Town Center Advisory Commission may go into Executive Session to discuss real property transaction negotiations under ORS 192.660(2) (e). All discussions are confidential and those present may disclose nothing from the Session. Representatives of the news media are allowed to attend Executive Sessions, as provided by ORS 192.660(4), but must not disclose any information discussed. No Executive Session may be held for the purpose of taking any final action or making any final decision. Executive Sessions are closed to the public. Upcoming meetings of note: Tues., Feb. 17, 6:30 p.m., Joint TCAC/TCDA Board Meeting Related websites and information: Tigard TIF Districts Tigard Construction Updates Wed., Mar. 11, 6:00 p.m., Regular TCAC Meeting The City of Tigard tries to make all reasonable modifications to ensure that people with disabilities have an equal opportunity to participate equally in all city meetings. Upon request, the city will do its best to arrange for the following services/equipment: • Assistive listening devices. • Qualified sign language interpreters. • Qualified bilingual interpreters. Page 1 of 2 CITY OF TIGARD TOWN CENTER ADVISORY COMMISSION Meeting Minutes January 14, 2026 Members Present: Ben Coli, Sarah Ericksen, John Goodhouse, JoJo Keating, Patty Lofgren, Michele Powers, Sarah Serata, Chris Sjolin, Bob Tomasovic (Vice Chair), and Gabe Velasquez (Chair). Members Absent: N/A. Staff Present: Redevelopment Manager Sean Farrelly, Project Manager Windol Cador, and Sr. Administrative Specialist Joe Patton. Others Present: TCAC Council Liaison Councilor Jeanette Shaw. 1. CALL TO ORDER Chair Velasquez called the meeting to order at 6:00 pm. The meeting was held in Town Hall with a hybrid MS Teams option. 2. CONSIDER MINUTES The December 10, 2025, TCAC Minutes were unanimously approved. 3. CALL FOR NON-AGENDA ITEMS – N/A 4. PUBLIC COMMENT – N/A 5. STAFF LIAISON UPDATE Sean noted Councilor Shaw is the new Council Liaison and Councilor Schlack remains the Alternate Liaison to the TCAC. He also noted John Goodhouse and Ben Coli were appointed as voting members. 6. NOMINATIONS AND OFFICER ELECTIONS No further nominations were received. Commissioners unanimously approved a motion to re-elect Commissioner Velasquez as Chair and Commissioner Tomasovic as Vice Chair. 7. TCAC CIP PROJECT PRIORTIZATION Sean briefly reviewed the results included with the agenda. Joe will email the spreadsheet to all Commissioners which has a breakdown for each project. The highest ranking three projects for the Downtown TIF District and the two projects for the Triangle TIF District will go into the budget proposal which will be reviewed by the Finance Department and City Management as they will present it to the TCDA Budget Committee, then on to Council for approval. Commissioners will review the proposed budget next month. 8. PROJECT UPDATES Sean briefly reviewed the updates included with the agenda. TOWN CENTER ADVISORY COMMISSION January 14, 2026 Page 2 of 2 9. LIAISON REPORTS A. Patty reported for December there were six households, seven people participating in the SAFE parking program and for 2025 there were ten households, twelve people with three of the households transitioning to stable housing. It as announced at the CHART meeting that the proposed changes to the City’s Time, Manner, Place Policy passed with the hours changed to 7 p.m. through 8 a.m., and maintaining forty-eight inches of clearance on the sidewalk. She also noted the Library will be closed for twelve weeks for HVAC repair starting February. Warming shelters will be operated at Just Compassion as necessary. There is a Town Hall at the Library tonight to discuss the Safe Parking program that will be offered by St. Anthony and Rise Church. She also announced that she is on the Building A Better Tigard planning committee and the voices panel. B. Bob announced the TIF Grant Committee meeting was cancelled as there were no applicants ready to proceed. C. Gabe stated Council proposed a 5.1% budget reduction to their learning stipend for the fiscal year. 10. NON-AGENDA ITEMS 11. ADJOURN BUSINESS MEETING The business meeting adjourned at 7:00 pm. Joe Patton, TCAC Meeting Secretary Gabe Velasquez, Chair 1 | P a g e Town Center Advisory Commission (TCAC) Tigard, Oregon Strategic Plan 2025-2026 Revised 1/14/26 Vision As a commission and through our TIF districts, we will enable, encourage and support redevelopment with the goal of creating an equitable community that is walkable, healthy, and accessible for everyone by all modes of transportation. Aspirational Goal Continue to facilitate and promote opportunities for the development of affordable housing and shelter, provide support for measures to reduce houselessness, provide support for equitable business development, and advance efforts toward improved walkability, equity, and connectivity within and between both TIF districts. Areas of Emphasis Equitable Business Development Connectivity, Parks, and Access Housing and Shelter Strategies Advocate for stakeholders in both TIF districts using data collection, analysis and summary in the focus areas of: parking, safety, unconventional unrepresented business opportunities, program and service awareness, and possible locations for business development. Active support for acquisition of Hall Blvd. by City of Tigard. Work with the Tigard Transportation Advisory Committee on walkability issues and potential solutions. Document and report on pertinent studies, such as the Red Rock Creek Trail Study, and legislative actions that may impact safety, pedestrian projects, walkability, access to parks, and wayfinding. Attend, update, monitor, report and present with new and pertinent information from housing and houseless stakeholder groups. Coordinate and share information acting as liaisons to TCAC with local organizations to ensure information flow and coordination to improve efficiency. Develop suggested strategies and policies to address housing issues within the purview/scope of TCAC to City officials and decision makers. Support funding needs and development assistance available for housing and shelter, transitional and affordable housing. TCAC supports Tigard’s Strategic Priorities: • Set the standard for excellence in public service and customer experience. • Create a well-connected, attractive, and accessible pedestrian network. • Ensure that development and growth support the vision. Our plan will incorporate the principles of equity, environment, economy, engagement and excellence in our work as an advisory commission. The four goals of the City of Tigard City Council (FY24-25): 1.Create housing opportunities for current and future residents 2.Elevate economic opportunities for current and future residents 3.Cultivate Tigard as a place to live, work, and play 4. Deliver resilient, sustainable, and well-maintained facilities that provide reliable and efficient services to our community 2 | P a g e Area of Emphasis Equitable Business Development Aspirational Goals Safety and security for businesses in both TIF districts. Outreach programs for new businesses seeking to open in Tigard. A plan for unconventional business opportunity/development and support and for identifying potential locations for these businesses. Awareness of the current and needed services and resources available for equitable growth and development. New, diverse and active participation in forums to better understand business and development needs and goals, including interest in expansion. *SUPPORTS CITY GOALS 3, 4 Strategies Advocate for stakeholders in both TIF districts using data collection, analysis and summary in the focus areas of: parking, safety, unconventional business opportunities, program and service awareness and possible locations for business development, retention, and growth. Action Plans 1) Advocacy and Support for Business Owners in TIF Districts a. Communication process such as a survey or listening session with a data collection process to understand the needs for safety, security, beautification and interest in business expansion b. Ongoing support with business owners’ groups to continue conversations and communication in support of needs analysis c. TCAC member liaison attendance at TDA meetings to listen and learn the business needs of TIF District business owners 2) Analysis and Summary of Parking Management a. Formal review of parking data report to be obtained by with enforcement activities b. Report-out to TCAC at a commission meeting with the analysis and potential next steps 3) Planning for Unconventional Unrepresented Business Opportunities a. Use community-generated list to make calls to potential businesses b. Create a plan and script to contact by phone with follow-up materials or calls c. Create outreach program with marketing materials and strategy for new TIF district businesses that can also be used to support recruitment of new businesses that the community wants i. Identify locations that would be viable for food carts or other unconventional unrepresented businesses d. Work with social media coordinator and economic development manager to share inventory/list of available current programs, services and resources that support TIF district businesses. KPIs: 1. Number of potential businesses contacted by TCAC members 2. Number and amount of improvement grants awarded 3. Number of empty storefront windows used to promote the grant program 4. Number of reprinted signs placed in former recipient’s windows Commented [SF1]: What does this term mean? Business types that are not currently in DT/Triangle? 3 | P a g e Area of Emphasis Connectivity, Parks , and Access Aspirational Goals Adequately-funded, improved Hall Blvd., with Tigard ownership. Approved and activated grant funding for 72nd Ave improvement projects. Improved environmental impact and connectivity for pedestrian and multi-modal improvements between and within TIF districts and access to parks. *SUPPORTS CITY GOALS 2, 3, 4 Strategies Advocate for funding in both TIF districts through intentional, strategic support in the form of letters of support, position statements and advisory recommendations to decision-makers. Active support for acquisition of Hall Blvd. by City of Tigard. Work with the Tigard Transportation Advisory Committee on walkability issues and potential solutions. Document and report on pertinent studies, such as the Red Rock Creek Trail Study, and legislative actions that may impact safety, pedestrian projects, walkability, access to parks, and wayfinding. Action Plans 1) Advocacy Continue advocacy and Support for adequate connectivity, access, mobility and safety related funding: Hall Blvd and 72nd Ave Improvement projects a. Hall Blvd: Support adequate funding leading to enhanced community safety and accessibility for all modes of transportation for Hall Blvd. transfer of ownership b. 72nd Ave: Support for 72nd Ave. grant funding leading to enhanced community safety and accessibility for all modes of transportation c. Red Rock Creek Trail: Support grant funding to advance the project 2) Active support for ownership of Hall Blvd. by the City of Tigard a. Support the securing of funding to complete transfer 3) Advocate and work with the Tigard Transportation Advisory Committee and other city committees on addressing walkability issues within and between two TIF districts a. TCAC representative serves on Safe Streets Task Force 4) 4) Receive regular updates on the implementation of the Downtown wayfinding plan. 4)5) Participate in Cinemas redevelopment planning to increase access to parks in the Triangle KPIs: 1. Number of collaborative activities with TTAC 2. Number of letters of support, testimonies supporting Hall Blvd. transfer/funding and 72nd Ave. funding 3. Number of community outreach meetings attended by TCAC members to distribute surveys and raise awareness of Red Rock Creek Trail and future Triangle park Formatted: Highlight Formatted: Highlight 4 | P a g e Area of Emphasis Housing and Shelter Aspirational Goals Measurable improvements in available housing, shelter and services to relieve the humanitarian crisis of houselessness. Measurable improvements in available affordable housing to address the deficit of rental housing inventory. Improved coordination of programs, providers and funding. *SUPPORTS CITY GOALS 1, 4 Strategies Attend, update, monitor, report and present with new and pertinent information from housing and houseless stakeholder groups. Coordinate and share information acting as liaisons to TCAC with local organizations to ensure information flow and coordination to improve efficiency. Develop suggested strategies and policies to address housing issues within the purview/scope of TCAC to City officials and decision makers. Support funding needs and development assistance available for housing and shelter, transitional and affordable housing. Action Plans 1) Identify liaisons to attend regular housing and houseless stakeholder meetings. a. TCAC chair or alternate to attend CHART (Community Homeless Assessment & Response Team) meetings b. Designate time on the agenda for sharing information from affordable housing and community service providers 2) Monitor data obtained by City pursuant to desired outcome: “Grow Collaborative Partnerships” a. Monitor data obtained by City b. Arrange for presentations to TCAC by local, county, regional, and/or national experts i. Work with City staff to schedule TCAC presentation 3) Consider providing development assistance for affordable housing KPIs: 1. Number of housing related meetings/events attended by TCAC members 2. Number of letters of support/testimonies supporting housing and shelter in TIF Districts 3. Number of facilities toured 4. Number of market rate housing units built in the TIF Districts per year (target 600) 5. Number of affordable housing units built in the TIF Districts per year (target 100) 6. Number of affordable senior housing units built in the TIF Districts per year (target 150) 7. Number of temporary beds built TIF Districts per year (target 150) 8. Amount of investment leveraged by TIF grant programs 9. Annual percent increase in the Assessed Value of each TIF District 10. Number of neighborhood amenities added in TIF Districts 11. Number of neighborhood demographic reports run for TIF Districts Formatted: Highlight Formatted: Highlight DRAFT TCDA PROPOSED BUDGET FY2026-2027 City Center Capital Improvement Projects City Center Plan Project Proposed Purpose/benefit Comments FY26-27 Budget Main Street/Fanno Creek Trail Improvements/Trail Lighting C.11 Bike/Pedestrian Facilities TBD These improvements include refurbished decking on the Fanno Creek Trail bridge and boardwalk near Main Street; an improved crossing of Main Street; new decorative bridge railings; and lighting along the Downtown portion of the Fanno Creek Trail, (Main Street to Hall Blvd.) To be continued in FY27- 28 Downtown Wayfinding Implementation B. Streetscape Improvements $140,000 Implementation of plan for pedestrian and cycling wayfinding signage. CIP#95085 Total City Center Capital Improvement Projects TBD City Center TIF Programs City Center Plan Project Proposed Purpose/benefit FY26-27 Budget Development Opportunity Studies/Development Advising G.1. Planning and Development Assistance: Rehabilitation/Redev. Grant/Loan Program $10,000 Planning/analysis for new housing and mixed use redevelopment in the Downtown and development advising to the Agency Building Improvement Grants G.1. Planning and Development Assistance: Rehabilitation/Redev. Grant/Loan Program $225,000 Matching grants to property and business owners for façade and tenant improvements have strengthened participating businesses and improved downtown’s position as a walkable commercial district. Administration Plan Administration TBD Administrative costs associated with implementation of Plan Total City Center TIF Programs Agenda Item 8 Triangle TIF Resources Triangle Capital Improvement Projects Triangle Plan Project Proposed Purpose/benefit FY26-27 Budget Tigard Triangle Parks C. Public Spaces, Facilities, and Installations $420,000 Planning, park design, public engagement for Cinemas site Red Rock Creek Enhancement B. Public Utilities TBD Tigard Triangle Transportation Improvements Program A. Transportation $103,000 Fund for quick opportunities for projects like ADA curb ramps, street lighting, enhanced crosswalk treatments, speed cushions, etc. CIP#95088 Red Rock Creek Trail/Highway 217 Pedestrian/Bicycle Bridge Project Refinement Study A. Transportation $50,000 Grant match for study for a ped/bike bridge over Hwy 217 Total Triangle Capital Improvement Projects TBD Triangle TIF Programs Proposed FY26-27 Budget Affordable Housing Development Fund D. Re/Development Assistance and Partnerships $500,000 Fund to contribute to the area’s diversity and vitality by providing pre-development and development assistance to affordable housing projects. $500K for CPAH Woodland Hearth committed from FY24. No additional funding proposed Business Opportunity Fund D. Re/Development Assistance and Partnerships $225,000 Fund to contribute to the Area’s diversity and vitality by providing assistance to new and existing businesses and housing developments, including façade and improvement matching grants Administration E. Plan Administration TBD Administrative costs associated with implementation of Plan Total Triangle TIF Programs TBD Creek enhancement, sewer replacement and stormwater facilities Project Repor t 02 August 2018 - 07 January 2026 Cit y of Tigard Cinema Redevelopment Highlights TOTAL VISITS 379 MAX VISITORS PER DAY 81 NEW REGISTRATI ONS 0 ENGAGED VISITORS 322 INFORMED VISITORS 328 AWARE VISITORS 357 Aware Participants 357 Aware Actions Performed Participants Visited a Project or Tool Page 357 Informed Participants 328 Informed Actions Performed Participants Viewed a video 0 Viewed a photo 0 Downloaded a document 0 Visited the Key Dates page 0 Visited an FAQ list Page 0 Visited Instagram Page 0 Visited Multiple Project Pages 5 Contributed to a tool (engaged)322 Engaged Participants 322 Engaged Actions Performed Registered Unveriﬁed Anonymous Contributed on Forums 0 0 0 Participated in Surveys 1 0 321 Contributed to Newsfeeds 0 0 0 Participated in Quick Polls 0 0 0 Posted on Guestbooks 0 0 0 Contributed to Stories 0 0 0 Asked Questions 0 0 0 Placed Pins on Places 0 0 0 Contributed to Ideas 0 0 0 Visitors Summar y Pageviews Visitors 1 Nov '25 1 Dec '25 1 Jan '26 50 100 Tool Type Engagement Tool Name Tool Status Visitors Registered Unveriﬁed Anonymous Contributors Survey Tool Help shape the FUTURE of the former Regal Cinema site! Draft 332 1 0 321 City of Tigard : Summary Report for 02 August 2018 to 07 January 2026 ENGAGEMENT TOOLS SUMMARY 0 FORUM TOPICS 1 SURVEYS 0 NEWS FEEDS 0 QUICK POLLS 0 GUEST BOOKS 0 STORIES 0 Q&A S 0 PLACES Page 2 of 9 Visitors 332 Contributors 322 CONTRIBUTIONS 322 City of Tigard : Summary Report for 02 August 2018 to 07 January 2026 ENGAGEMENT TOOL: SURVEY TOOL Help shape the FUTURE of the former Regal Cinema site! What should we put in the park? Which park features do you most want to see? Select your top 4. Walking and biking trails Playground Sports ﬁelds or courts (e.g., basketball, soccer, pickleball) Open grass areas Natural/native plant green space Community garden Picnic areas with tables and shelters Dog park/oﬀ-leash area Water features (e.g. splash pad, fountain)Skate or bike park Outdoor ﬁtness equipment Art or sculpture garden Other (please specify) Question options 25 50 75 100 125 150 175 200 225 208 154 86 88 112 77 125 68 103 27 43 56 36 Page 3 of 9 Optional question (322 response(s), 0 skipped) Question type: Checkbox Question City of Tigard : Summary Report for 02 August 2018 to 07 January 2026 What would help make you and your family feel safe and welcome in this park? Select your top 2. Lighting at night Emergency call boxes Well-maintained facilities Activities for all ages Nearby parking Easy access from main roads Clear sight lines Other (please specify) Question options 50 100 150 200 250 193 31 173 43 97 14 60 21 Page 4 of 9 Optional question (320 response(s), 2 skipped) Question type: Checkbox Question City of Tigard : Summary Report for 02 August 2018 to 07 January 2026 What else does the Tigard Triangle community need most right now? Select your top 3. Housing (Aﬀordable, Market-rate, Senior)Food Options (ex: Restaurants, Food Carts, Farmer’s Markets) Entertainment options (ex: Music/Movie/Theater Venue, Makerspace, Art Gallery, Arcade, etc.) Community Services (ex: Senior services, Youth programs. Childcare, Healthcare services, Job training or Education programs) Community Spaces (ex: Library, Community meeting spaces) Personal Services (ex: Bank or Credit union, Gym or Fitness center, Hair salon or Barber, Dry cleaner or Laundromat) Other (please specify) Question options 50 100 150 200 135 157 170 102 148 26 47 Page 5 of 9 Optional question (311 response(s), 11 skipped) Question type: Checkbox Question City of Tigard : Summary Report for 02 August 2018 to 07 January 2026 How do you usually get around the Triangle area? Select all that apply. Walk Bike Bus Drive alone Carpool Rideshare (ex. Lyft, Uber)Other (please specify) Question options 100 200 300 107 40 22 270 76 10 9 Page 6 of 9 Optional question (319 response(s), 3 skipped) Question type: Checkbox Question City of Tigard : Summary Report for 02 August 2018 to 07 January 2026 Once the new park and site are built, how would you like to get there? Select all that apply. Walk Bike Bus Drive alone Carpool Rideshare Other (please specify) Question options 50 100 150 200 250 150 121 45 203 97 14 13 Page 7 of 9 Optional question (318 response(s), 4 skipped) Question type: Checkbox Question City of Tigard : Summary Report for 02 August 2018 to 07 January 2026 What is your age? 6 (2.0%) 6 (2.0%) 32 (10.6%) 32 (10.6%) 124 (40.9%) 124 (40.9%) 94 (31.0%) 94 (31.0%) 37 (12.2%) 37 (12.2%)10 (3.3%) 10 (3.3%) Under 18 18-29 30-44 45-64 65+I prefer not to say Question options Page 8 of 9 Optional question (303 response(s), 19 skipped) Question type: Dropdown Question City of Tigard : Summary Report for 02 August 2018 to 07 January 2026 Which of the following best describes your race or ethnicity? Select all that apply. Asian Black or African American Hispanic or Latino Middle Eastern or North African Native Hawaiian or Paciﬁc Islander White Don't know Native American or Alaskan Native I prefer not to say Other (please specify) Question options 25 50 75 100 125 150 175 200 225 250 22 7 30 2 4 221 4 7 44 6 Page 9 of 9 Optional question (301 response(s), 21 skipped) Question type: Checkbox Question Agenda Item 10 2/3/26 TIF District Project Updates City Center TIF District 1. City Center Building Improvement Grants • Recent property owner inquiries 2. Main Street/ Fanno Creek Trail Improvements (Nick Wilson Memorial Plaza) • TCAC recommended changing the project scope • TCDA Board was briefed on February 10 3. Fanno Creek Trail Lighting • Preliminary plan nearing completion 4. Downtown Reimagined • Council briefing on February 24 on Development code amendment project 5. Downtown/Triangle Parking • Working on map and communications regarding new 2-Hour limit hours (expanded to 7PM and Saturdays) in Downtown and Triangle • 28 Spaces in park and ride lot being leased from TriMet. Plan is to offer for employee parking 6. Hall Blvd • Local legislators continue to advocate for the funding of a jurisdictional transfer, but very limited state transportation funding available this session 7. Downtown Wayfinding Plan • Project to start implementation in 2026 8. Downtown Art • Two new art pieces installed on Main St, collaboration between TDA and City 9. City Facilities Consolidation (only parking structure is TIF funded) • Future of PW building site TBD Agenda Item 10 Tigard Triangle TIF District 1. 72nd Ave Redevelopment Site (former Cinemas) • Survey closed on Jan. 8 with over 300 responses • Red Rock Creek Stabilization project on schedule for completion next summer 2. Red Rock Creek Trail Planning • Investigating grants for construction 3. Opportunity Fund (matching grants) • New application received- Falafel Express 4. SW 72nd Avenue • Pre-design being finalized • Federal BUILD grant being applied for, TCAC letter of support requested 5. Mixed Use Path over Highway 217 • Refinement study for Red Rock Creek Trail crossing of Hwy 217 will start in FY26-27 6. CPAH Woodland Hearth • Construction underway. • Nearing completion of sewer and stormwater utilities for which they received state funding 7. Other Triangle Development • The Montage with 183-market-rate apartments next to Hwy 217 is nearing completion • Dartmouth Crossing Phase 2 starting up Agenda Item 11 February XX, 2026 Secretary Sean Duffy U.S. Department of Transportation 1200 New Jersey Ave., SE Washington, DC 20590 Dear Secretary Duffy: Our committee of volunteers, the Town Center Advisory Commission (TCAC), is writing to support the City of Tigard’s application for BUILD 2026 funding. This grant would accelerate the construction of Phase 1 of the SW 72nd Ave Corridor Project, within the Tigard Triangle. The Tigard Triangle is a 550-acre area bounded by three busy highways and located in the NE corner of Tigard. This is a key growth area for new housing, commercial and mixed-use investments, and is a Federally designated Opportunity Zone. Over the last six years, we have seen 672 new affordable, transitional and market rate apartments constructed along or within a quarter mile of SW 72nd Avenue, the main arterial spine of the Triangle. There are an additional 237 more units of market rate and affordable under construction within a quarter mile of SW 72nd Avenue. The current road as it exists today is incomplete, lacking sidewalks, bike lanes, pedestrian crossings, high quality transit stops and on-street parking. It is not safely serving the needs of hundreds of new residents for mobility or access, particularly those on foot, bicycle or riding the bus. Investing in SW 72nd Avenue will support the economic development and housing plans for this district. Not only will the safety of the new residents be enhanced but multi-modal connectivity will be built out as envisioned. The Triangle is a Tax Increment Financing (TIF) district, designed to fund new infrastructure and incentivize the development of a mixed use, mixed income neighborhood. In these early years as a TIF district, funds are insufficient to complete this critical project as well as make all the needed investments. The members of the Town Center Advisory Commission are pleased to support this grant application and excited for the future potential this area holds as a vibrant community. We strongly believe that improving SW 72nd Avenue will unlock new development, stimulate future investments and generate revenues to fund other needed infrastructure improvements. Thank you for your time and thoughtful consideration. Sincerely, _________________________ _____________________________ Gabriel Velásquez, TCAC Chair Robert Tomasovic, TCAC Vice Chair FINANCIALIMPACT REPORT TIF District/Urban RenewalTown Center Development Agency of the City of Tigard FY 2024–2025 FOR THE FISCAL YEAR ENDED JUNE 30, 2025 Date Filed: January 31, 2026 TCDA TCDA TCDA Top: Dartmouth Crossing North • Bottom: Groundbreaking for Woodland Hearth Agenda Item 12 PAGE 2 | TIF District/Urban Renewal FINANCIAL IMPACT REPORT | FY 2024–2025 TIF District/Urban Renewal FINANCIAL IMPACT REPORT | FY 2024–2025 | PAGE 3 Tax Increment Financing (TIF) Districts Urban Renewal (Overview) ORS 457.460 requires the urban renewal agency to file an annual statement on financial proceedings. In Tigard, the term “urban renewal” is synonymous with tax increment financing or TIF. What Does Tax Increment Financing Do? Tax increment financing uses property taxes from within an area to fix identified problems in that same area. It often focuses on improving an area’s transportation and utility infrastructure since these kinds of improvements can unlock an area’s development potential. Tax increment financing can also be used to attract and retain small businesses, support affordable housing, and develop public spaces such as parks, plazas, and trails. How Does Tax Increment Financing Work? When a Tax Increment Financing (TIF) District is established, the County Assessor determines the current assessed value of all property within the area and freezes that tax base. Tax revenue from this “frozen base” continues to go to taxing districts annually for the life of the TIF District. Tax revenue on any increase in property value that would occur anyway – from new development and/or appreciation – is allocated to the TIF District Agency for projects in the district. This increase above the frozen base is called the “increment.” When the TIF District expires, the frozen base also expires, and the local taxing districts resume receiving taxes on the full assessed value of the properties. How are decisions made about tax increment financing? The Town Center Development Agency (TCDA) is the City of Tigard’s TIF District Agency and is responsible for administering the City Center and Tigard Triangle plans. The Board of the Town Center Development Agency are the decision makers of the agency. The membership of the Board is made up of the Tigard City Council. The Town Center Advisory Commission (TCAC) makes recommendations to the board on policy, budget, and implementation of tax increment financing projects. What Are the Benefits of TIF Districts for Tigard? • Improves Tigard’s Long-Term Financial Health By bringing in new businesses and development, urban renewal increases Tigard’s tax base over time which, in turn, helps fund future city services for all of Tigard residents. • Provides a Stable Funding Source By creating a stable, long-term funding source (without creating a new tax), the city can build or fix infrastructure that it may otherwise delay, or never be able to afford. • Steers Investment Toward an Area Ready for Change By focusing on areas already zoned for mixed-use commercial and residential density, TIF steers investments toward parts of Tigard that are the most ready for change. • Furthers Tigard’s Walkability Goal TIF can help further the city’s goal of becoming a more walkable, interconnected and healthy community by transforming auto-oriented districts with no or limited sidewalks into pedestrian- friendly areas with a diverse mix of destinations and activities. • Supports Travel by Alternate Modes By fostering the creation of a complete community – one which has jobs, housing, services, and transit – TIF can make travel by alternate modes (travel by foot, bike, or transit) feasible. Universal Plaza Dartmouth Crossing North Mural PAGE 4 | TIF District/Urban Renewal FINANCIAL IMPACT REPORT | FY 2024–2025 TIF District/Urban Renewal FINANCIAL IMPACT REPORT | FY 2024–2025 | PAGE 5 Tigard has two urban renewal districts: 1. City Center (Downtown) Urban Renewal District 2. Tigard Triangle Urban Renewal District Tax increment financing expenditures in both districts are guided by their respective urban renewal plans. These urban renewal plans are administered by the Town Center Development Agency, which was established by the Tigard City Council as the City’s Urban Renewal Agency. Approved by Voters: 2006 Substantial Amendments Approved by Voters: 2017 and 2021 Size: 228.96 acres Amended Duration: 29 years Amended Maximum Indebtedness: $42.8 Million Remaining Maximum Indebtedness: $28,963,595 The purpose of the City Center Urban Renewal Plan is to use the tools provided by TIF to attract private investment and facilitate the area’s revitalization. In 2021 Tigard voters approved a substantial amendment to the plan extending the duration and adding $20.8 million in maximum indebtedness (the amount to fund projects and programs.) The City Center Urban Renewal Area boundary is shown in blue. The City Center (Downtown) Urban Renewal Plan has 5 Distinct Goals: Goal 1 Revitalization of the Downtown should recognize the value of natural resources as amenities and as contributing to the special sense of place. Goal 2 Capitalize on Commuter Rail and Fanno Creek as catalysts for future investment and development. Goal 3 Downtown’s transportation system should be multi-modal, connecting people, places and activities safely and conveniently. Goal 4 Downtown’s streetscape and public spaces should be pedestrian-friendly and not visually dominated by the automobile. Goal 5 Promote high-quality development of retail, office and residential uses that support and are supported by public streetscape, transportation, recreation and open space investments. City Center Urban Renewal Plan City Center Urban Renewal Plan PAGE 6 | TIF District/Urban Renewal FINANCIAL IMPACT REPORT | FY 2024–2025 TIF District/Urban Renewal FINANCIAL IMPACT REPORT | FY 2024–2025 | PAGE 7 Attwell off Main Completed in 2017, Attwell off Main was the result of a partnership between the Tigard Town Center Development Agency and private developer. The project brought 165 market rate apartments to downtown Tigard. Attracting new residents to downtown is a goal of the TIF district and the City’s strategic plan. Take a walk down Tigard’s Main Street and it may be difficult to remember how it looked just a few years ago. Restored and improved storefronts, new landscaping, LED streetlights and unique public artwork are just a few of the amenities that invite people downtown to shop, dine, walk the dog, or meet up with family and friends. TIF has played a pivotal role in downtown Tigard’s transformation. The next few pages provide a snapshot of how TIF has helped reshape downtown Tigard. 36 downtown businesses have received TIF matching grants for interior or exterior building improvements. 292 new units of multifamily housing units constructed or under construction in downtown Tigard since the TIF district was established in 2006. 36% of these (105) are regulated affordable units 2.8 leverage ratio of private to public investment into TIF tenant and storefront improvements, meaning every $1 in grant funding has yielded $2.80 in private investment. 73% increase in assessed value in the City Center TIF District between 2018 – 2025, compared to a 34% increase in assessed value citywide. Data Source: City of Tigard Data Source: MetroData Source: City of Tigard Data Source: Washington County Project SpotlightProject Spotlight City Center Urban Renewal Plan: Accomplishments to Date City Center Urban Renewal Plan: Accomplishments to Date Alongside Affordable Senior Housing The city entered into a development agreement and 99-year ground lease with a non-profit affordable housing developer to build 58 units adjacent to the Tigard Senior Center. The units are leased to seniors 62 and older, including units reserved for very low income (less than $16,000 per year). Additionally, the project prioritizes housing for veterans and seniors with disabilities. The building was completed in 2023. AVA Main Street at Fanno Creek Development The TCDA purchased this key site where Main Street meets Fanno Creek and then used $400,000 in grant funding from the U.S. EPA Brownfield Cleanup Program for remediation and preparing the site for development. The property was sold to a developer, who built a mixed- use building with 22 apartments and commercial ground floor that brings added vitality to Downtown. PAGE 8 | TIF District/Urban Renewal FINANCIAL IMPACT REPORT | FY 2024–2025 TIF District/Urban Renewal FINANCIAL IMPACT REPORT | FY 2024–2025 | PAGE 9 Universal Plaza The Universal Plaza opened in Spring 2023. The signature community gathering space on Burnham Street adjacent to Fanno Creek Park is a hub of activity in the downtown, hosting the farmers market and community events. Main & Burnham Street Improvements The TIF Agency has helped pave the way for improvements to two of downtown Tigard’s most prominent streets. Completed in 2011, the reconstruction of Burnham Street closed sidewalk gaps and added 10-18 foot sidewalks to encourage strolling, safer pedestrian crosswalks, LED streetlights, underground utilities, on-street parking, a center turn lane, and built a new section of Ash Avenue. The Main Street Green Street project was completed in two phases (2014 and 2024.) The project rebuilt SW Main Street from Pacific Highway/99W to SW Scoffins Street. Funded largely by Metro grants, the project provided safer pedestrian crossings, green streetscape planters that help remove pollutants from storm water, new sidewalks, streetlights, pedestals for public art, benches and bike racks. Heritage Trail & Outdoor Museum Ash Ave. Dog Park Downtown Public Art Streetscape Improvements Jim Griffith Memorial Skate Park Facade & Interior Improvement Grants Fanno Creek Trail Undercrossing LightsBurnham St. Parking Lot Ash Ave. Connection City Center Urban Renewal Plan: Accomplishments to Date City Center Urban Renewal Plan: Accomplishments to Date City Center Building Improvement Program The City Center Building Improvement Program provides matching grants for existing businesses and property owners in the City Center TIF District to make improvements to the exterior of their building. The program also funds interior improvements for restaurants or similar businesses that move into vacant commercial spaces. This program has previously supported 36 building renovation projects. Grant- funded projects have strengthened participating businesses and improved Main Street’s position as a walkable commercial district. PAGE 10 | TIF District/Urban Renewal FINANCIAL IMPACT REPORT | FY 2024–2025 TIF District/Urban Renewal FINANCIAL IMPACT REPORT | FY 2024–2025 | PAGE 11 The Tigard Triangle Urban Renewal Plan: Existing Problems: • Dirt roads/ lack of sidewalks/ incomplete streets • Areas with no sewers/ sewers needing repair • Red Rock Creek erosion • Flooding • Traffic congestion • No parks Approved by Voters: 2017 Area Size: 548 acres Plan Duration: 35 years Maximum Indebtedness: $188 million Remaining Maximum Indebtedness: $177,519,431 The Tigard Triangle (roughly the area bordered by I-5, Highway 217 and Highway 99W) is an area with great potential but also has significant infrastructure needs. Approved by Tigard voters in 2017, the Tigard Triangle Urban Renewal Plan includes projects that will improve walkability, address transportation issues, and help businesses grow. The Tigard Triangle Urban Renewal Plan’s 5 goals outline its basic intents and purposes: Goal 1 Encourage meaningful involvement by citizens, interested parties, and affected agencies throughout the life of the urban renewal district to ensure it reflects the community’s values and priorities. Goal 2 Provide a safe and effective multimodal transportation network that provides access to, from, and within the Area and supports mixed-use and pedestrian-oriented development. Goal 3 Provide public utility improvements to support desired development. Goal 4 Create a clear identity for the Area as a fun and diverse place to live, work, shop, eat, and play by building upon existing unique and desirable features. Goal 5 Provide financial and technical assistance to new and existing businesses and housing developments that contribute to the Area’s diversity and vitality and help it transform into a mixed-use and pedestrian-oriented district. Tigard Triangle Urban Renewal PlanTigard Triangle Urban Renewal Plan TIGARD TRIANGLE URBAN RENEWAL AREA MAP Tigard Triangle Urban Renewal Area Map PAGE 12 | TIF District/Urban Renewal FINANCIAL IMPACT REPORT | FY 2024–2025 TIF District/Urban Renewal FINANCIAL IMPACT REPORT | FY 2024–2025 | PAGE 13 Tigard Triangle Urban Renewal Plan Re/Development Assistance The TCDA acquired a large property (the former Tigard Cinemas) and plans to build a much needed park (the Triangle currently has none), trail street improvements, as well as a new building on a portion of it. Opportunity Grants Apartment Units Increase Current Projects Accomplishments to Date 809 597% built or under construction in the Tigard Triangle since the TIF District was established in 2017. in apartment units built or under construction in the Tigard Triangle since 2017. of apartments34% built since 2019 are regulated affordable Tigard Triangle Urban Renewal Plan Crazy Sushi El Jefe The Triangle Business Opportunity Fund supports entrepreneurs by providing matching grants for construction costs associated with building renovations. Grants provide a 50% funding match to help fund the cost of interior or exterior renovations for businesses moving into vacant ground floor commercial spaces in the Tigard Triangle. Seven Triangle businesses have been awarded grants. The TCDA has created a robust Re/Development Assistance program to support both affordable housing and market rate mixed use projects. The completed projects that the program helped incentivize include the Overland (212 apartments and ground floor retail, completed in 2022.) Red Rock Creek Commons (48 affordable apartments, completed 2020), Dartmouth Crossing North (85 regulated affordable units completed 2025), and the Steward (Path to Net Zero building with 55 units and commercial ground floor, completed 2024.) Dartmouth Crossing North The Steward Red Rock Creek Commons Future Park and Redevelopment 276 of regulated affordable housing units built in the Tigard Triangle since 2017. Units PAGE 14 | TIF District/Urban Renewal FINANCIAL IMPACT REPORT | FY 2024–2025 TIF District/Urban Renewal FINANCIAL IMPACT REPORT | FY 2024–2025 | PAGE 15 Financial Reports Introduction URBAN RENEWAL AGENCIES must prepare an annual financial report for the governing body and public in accordance with Oregon Revised Statutes 457.460. The report includes a financial summary of the preceding year and the budget for the new fiscal year. It also includes an analysis of the financial impact of carrying out the urban plan on the tax collections for all taxing districts. History of Tax Increment Financing In less than two decades, three ballot measures – Measure 5 (1990), and Measure 50 (1997) – have made significant changes to Oregon’s system of property taxation. Those changes have influenced urban renewal programs and tax increment revenue calculations. The provisions of these changes to the property tax system, Ballot Measures 5 and 50, now are incorporated into Oregon’s Constitution, and into Oregon Urban Renewal Statutes. Those provisions provide the basic framework for revenue calculations in this report. Tax Increment Calculations To determine the amount of the taxes levied, the total assessed value within each urban renewal area is segregated by the county assessor into two parts: (a) the total taxable assessed value in the district at the time the Urban Renewal Plan was adopted (the base or “frozen” value); and (b) the difference between the frozen base value and the current total assessed value (the incremental value or “excess”). Revenues derived from the application of the tax rate for each affected taxing district to the amount of the incremental value may be collected by the urban renewal agency and deposited in its debt service fund. This revenue is used to repay indebtedness incurred in carrying out the projects. Effect of Urban Renewal on Taxing Districts Carrying out an urban renewal plan has an effect on the county assessor’s calculation for each taxing district that shares values with Tigard’s urban renewal agency. Some property taxes that may have been received by the taxing bodies that levy property taxes within Tigard’s urban renewal area are being paid to Tigard’s urban renewal agency. Passage of Ballot Measure 50 (Article XI, Section 11 of the Oregon Constitution) resulted in converting most property taxes from a levy-based system to a rate-based system. Pages 18 and 19 of this report shows the financial impact by taxing district for Tigard’s urban renewal agency. Financial Reports The financial reports on pages 16–22 account for the activities of Tigard’s urban renewal agency. In accordance with ORS 457.460, these reports were prepared by the Finance Department of the City of Tigard and consultant Tiberius Solutions using the same basis of accounting it uses to prepare its financial statements — modified accrual basis of accounting. These reports are due annually by January 31, information and figures contained herein are based upon audited draft financial statements. At the end of each fiscal year, June 30, this financial impact report is prepared which shows the urban renewal tax impact by taxing district. Copies are available by January 31 at the Tigard Permit Center, 13125 SW Hall Blvd., Tigard, 97223 and on the City of Tigard website. Maximum Indebtedness Tracking City Center Total Debt $12,502,980 Maximum Indebtedness Remaining $28,963,595 Tigard Triangle Total Debt $8,880,569 Maximum Indebtedness Remaining $177,519,431 PAGE 16 | TIF District/Urban Renewal FINANCIAL IMPACT REPORT | FY 2024–2025 TIF District/Urban Renewal FINANCIAL IMPACT REPORT | FY 2024–2025 | PAGE 17 Financial Reports Town Center Development Agency Statement of Resources & Requirements for the fiscal year ended June 30, 2025. Note: Figures are based upon audited financial statements. City Center Debt Service Funds Resources Beginning Fund Balance Tax Increment Property Taxes Rental Income Interest Income Net Increase (decrease) in Investment Fair Value Intergovernmental Revenues Miscellaneous Revenues Other Financing Sources Total Resources Requirements Debt Service Transfers Out Community Development Capital Outlay Ending Fund Balance Total Requirements City Center Capital Projects Funds Triangle Capital Projects Funds TotalTriangle Debt Service Funds 1,614,725 732,017 3,203,539 1,498,377 998,447 1,030,530 1,698,993 1,909,380 92,940 1,270 164,437 5,830 13,550 -37,259 - ---- ---- ---- 2,719,662 1,763,817 5,104,228 3,413,587 143,741 191,191 6,547,542 4,167,869 11,509,547 6,589,454 ----2,697,440 2,939,910 --14,168 10,000 271,545 17,100 77 -83 -50,969 - --323,878 -323,878 - ------ 531,302 1,050,000 1,600,000 8,125,000 2,131,302 9,175,000 675,120 1,241,191 8,485,671 12,302,869 16,984,681 18,721,464 617,203 651,891 677,620 1,147,671 531,302 1,050,000 1,600,000 1,725,000 ---- ---- 1,571,157 61,926 2,826,608 540,916 2,719,662 1,763,817 5,104,228 3,413,587 ----1,294,823 1,799,562 -490,000 -150,000 2,131,302 3,415,000 581,328 640,299 3,173,461 820,234 3,754,789 1,460,533 93,281 97,000 1,532,754 11,250,000 1,626,035 11,347,000 511 13,892 3,779,456 82,635 8,177,732 699,369 675,120 1,241,191 8,485,671 12,302,869 16,984,681 18,721,464 Actual 2024–25 Actual 2024–25 Actual 2024–25 Actual 2024–25 Actual 2024–25 Budget 2025–26 Budget 2025–26 Budget 2025–26 Budget 2025–26 Budget 2025–26 As summarized below, Town Center Development Agency’s 2024-25 total requirements were $16,984,681 for expenditures charged to the District as of June 30, 2025. For fiscal year 2025-26, total budgeted resources are balanced with requirements of $18,721,464, including a financing agreement to fund future urban renewal projects. The District uses the funds it receives from the division-of-taxes method of calculating property taxes to finance various urban renewal projects and activities. These property taxes totaled $2,697,440 in FY 2024-25 and are expected to increase to$2,939,910 in FY 2025-26. These tax estimates are calculated based on the Washington County assessment summary received after budget adoption. PAGE 18 | TIF District/Urban Renewal FINANCIAL IMPACT REPORT | FY 2024–2025 TIF District/Urban Renewal FINANCIAL IMPACT REPORT | FY 2024–2025 | PAGE 19 Financial Reports Town Center Development Agency City Center Urban Renewal Plan Financial Impact of the City Center Urban Renewal Plan on Tax Collections by Taxing District for the fiscal year ended June 30, 2025. Sources: FY 2024-25 SAL Table 4e (Washington County); FY 2024-25 SAL Table 4a (Washington, Multnomah, Clackamas, Clatsop, Tillamook, and Yamhill counties) Assessed Value of URA (FYE 2025) Total Frozen Base Incremental Value General Government Washington County $204,469,241 $11 7,522,91 1 $86,946,330 Tualatin Soil & Water District $204,469,241 $11 7,522,91 1 $ 86,946,330 Metro $204,469,241 $11 7,522,91 1 $86,946,330 Port of Portland $204,469,241 $11 7,522,91 1 $86,946,330 TV Fire & Rescue $204,469,241 $11 7,522,91 1 $86,946,330 City of Tigard $204,469,241 $11 7,522,91 1 $86,946,330 Tigard/Tualatin Aquatic District $204,469,241 $11 7,522,91 1 $86,946,330 Education Tigard/Tualatin School District $204,469,241 $11 7,522,91 1 $86,946,330 NW Regional ESD $204,469,241 $11 7,522,91 1 $86,946,330 PCC $204,469,241 $11 7,522,91 1 $86,946,330 Total Permanent Tax Rate Taxes Imposed for URA Taxes Imposed For Affected Districts Percent Tax Revenue Foregone $2.2484 $195,444 $186,958,608 0.10% $0.0900 $7,7 83 $7,467,447 0.10% $0.0966 $7,7 72 $21,21 1,730 0.04% $0.070 1 $6,054 $1 7,063,686 0.04% $1.5252 $132,285 $1 1 8,939,594 0.1 1% $2.513 1 $217,929 $21,1 48,607 1.02% $0.0900 $7,202 $1,288,038 0.56% $4.9892 $433,555 $70,823,43 1 0.61% $0.1538 $12,972 $16,085,236 0.08% $0.2828 $24,214 $48,839,1 59 0.05% $12.0592 $1,04 5,21 0 $509,825,536 0.21% Note: Taxes imposed have been adjusted to account for Measure 5 compression loss and rate truncation. PAGE 20 | TIF District/Urban Renewal FINANCIAL IMPACT REPORT | FY 2024–2025 TIF District/Urban Renewal FINANCIAL IMPACT REPORT | FY 2024–2025 | PAGE 21 Financial ReportsFinancial Reports Town Center Development Agency Tigard Triangle Urban Renewal Plan Financial Impact of the Tigard Triangle Urban Renewal Plan on Tax Collections by Taxing District for the fiscal year ended June 30, 2025. Sources: FY 2024-25 SAL Table 4e (Washington County); FY 2024-25 SAL Table 4a (Washington, Multnomah, Clackamas, Clatsop, Tillamook, and Yamhill counties) Assessed Value of URA (FYE 2025) Total Frozen Base Incremental Value General Government Washington County $570,808,707 $424,744,405 $1 46,064,302 Tualatin Soil & Water District $570,808,707 $424,744,405 $1 46,064,302 Metro $570,808,707 $424,744,405 $1 46,064,302 Port of Portland $570,808,707 $424,744,405 $1 46,064,302 TV Fire & Rescue $570,808,707 $424,744,405 $1 46,064,302 City of Tigard $570,808,707 $424,744,405 $1 46,064,302 Tigard/Tualatin Aquatic District $570,808,707 $424,744,405 $1 46,064,302 Education Tigard/Tualatin School District $570,808,707 $424,744,405 $1 46,064,302 NW Regional ESD $570,808,707 $424,744,405 $1 46,064,302 PCC $570,808,707 $424,744,405 $1 46,064,302 Total Permanent Tax Rate Taxes Imposed for URA Taxes Imposed For Af- fected Districts Percent Tax Revenue Foregone $2.2484 $327,758 $186,958,608 0.1 8 % $0.0900 $1 2,972 $7,467,447 0.1 7 % $0.0966 $13,81 6 $2 1,2 1 1,730 0.07% $0.0701 $9,51 3 $1 7,063,686 0.06% $1.5252 $222,205 $1 1 8,939,594 0.1 9% $2.5131 $366,674 $2 1,1 48,607 1.70% $0.0900 $12,963 $1,288,038 1.00% $4.9892 $728,11 4 $70,823,431 1.02% $0.1538 $21,620 $16,085,236 0.13% $0.2828 $40,645 $48,83 9,159 0.08% $12.0592 $1,7 56,280 $509,825,536 0.34% Note: Taxes imposed have been adjusted to account for Measure 5 compression loss and rate truncation. PAGE 22 | TIF District/Urban Renewal FINANCIAL IMPACT REPORT | FY 2024–2025 TIF District/Urban Renewal FINANCIAL IMPACT REPORT | FY 2024–2025 | PAGE 23 Financial Reports Note: Figures are based upon audited financial statements. Town Center Development Agency Detail of Purpose for the fiscal year ended June 30, 2025 City Center Urban Renewal Projects Tigard Triangle Urban Renewal Projects City Center Capital Projects Fund Actual Budget 2024–25 2025–26 Public Spaces $49,152 $40,000 Fanno Creek Trail Lighting $4,525 $200,000 Streetscape Improvements $39,604 $250,000 Building Improvement Grants $99,342 $225,000 Development Assistance $213,081 $100,000 Admin/Legal/Finance $268,905 $315,300 TOTAL $674,609 $1,130,300 Tigard Triangle Capital Projects Fund Actual Budget 2024–25 2025–26 Red Rock Creek Trail Study $50,000 Parks $1,532,754 - Transportation Infrastructure $73,846 $1,1 00,000 Affordable Housing Development Assistance $2,065,000 $500,000 Development Assistance $650,000 $1,000,000 Business Opportunity Grants $150,000 $225,000 Admin/Legal/Finance $234,615 $245,234 $4,706,215 $3,120,234 Financial Impact Report FOR THE FISCAL YEAR ENDED JUNE 30, 2025 TIF District/Urban RenewalTown Center Development Agency of the City of Tigard TCDA TCDA TCDA TOWN CENTER ADVISORY COMMISSION AGENDA City of Tigard | 13125 SW Hall Blvd., Tigard, OR 97223 | 503-639-4171 | www.tigard-or.gov | Page 2 of 2 Because the city may need to hire outside service providers or arrange for specialized equipment, those requesting services/equipment should do so as far in advance as possible, but no later than 3 city work days prior to the meeting. To make a request, call 503-718-2481 (voice) or 503-684-2772 (TDD- Telecommunications Devices for the Deaf).