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HomeMy WebLinkAboutTCAC_Packet_20260311 City of Tigard | 13125 SW Hall Blvd., Tigard, OR 97223 | 503-639-4171 | www.tigard-or.gov | Page 1 of 1 City of Tigard Town Center Advisory Commission Agenda MEETING DATE/TIME: March 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 6:07 5. STAFF LIAISON UPDATE Sean Farrelly 6:10 6. DOWNTOWN REIMAGINED BRIEFING Susan Shanks 6:15 7. DEBRIEF FEB. 17 JOINT TCAC/TCDA BOARD MEETING All 6:55 8. REVIEW DRAFT TCDA BUDGET PROPOSAL Sean Farrelly 7:15 9. CINEMAS SITE UPDATE Sean Farrelly 7:20 10. PROJECT UPDATES Sean Farrelly 7:35 11. FIELD TRIP PLANNING All 7:40 12. LIAISON REPORTS All 7:50 13. NON-AGENDA ITEMS All 7:55 14. 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 discl ose 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., March 10, 6:30 p.m., TCDA Board Meeting Related websites and information: Tigard TIF Districts Tigard Construction Updates Wed., Apr. 8, 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. 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). Page 1 of 2 CITY OF TIGARD TOWN CENTER ADVISORY COMMISSION Meeting Minutes February 11, 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 Project Manager Sean Farrelly, Economic Development Manager Danelle Hauther, 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 January 14, 2026, TCAC Minutes were unanimously approved. 3. CALL FOR NON-AGENDA ITEMS – N/A 4. PUBLIC COMMENT – N/A 5. STAFF LIAISON UPDATE Sean acknowledged the Mayor’s email regarding the City Manager recruitment process and noted that it is expected to take several months. Updates will be provided as the process moves forward. 6. FINALIZE STRATEGIC PLAN Sean reviewed the Strategic Plan included with the agenda. Commissioners made slight changes including changing the order listed under the first page Aspirational Goal to match the order of the Areas of Emphasis, removing enforcement and data under Equitable Business Development and replace with monitoring of Parking Management in Downtown and Triangle TIF Districts, and changing the Housing and Shelter Aspirational Goal by changing “affordable housing” to “measurable improvements in available housing that meets the requirements of our community to address the deficit of housing inventory.” Commissioners unanimously agreed to adopt the Strategic Plan as amended. 7. PREP FOR FEB. 17 JOINT TCAC/TCDA BOARD MEETING Sean shared the draft presentation that included the agenda, role of TCAC, Areas of Emphasis, report on last year’s accomplishments, and 2026 Strategic Plan. Commissioners volunteered to speak on each area. Sean will share the Teams information for Commissioners attending remotely. 8. REVIEW DRAFT TCDA BUDGET PROPOSAL Sean reviewed the budget for both TIF Districts included with the agenda. He needs further clarification of when borrowing can take place for each District. Trail lighting is still under exploration to determine if solar or regular lighting is the better option. Both will be high cost. He will share updated numbers next month and will share the Budget Committee May meeting details when available. TOWN CENTER ADVISORY COMMISSION February 11, 2026 Page 2 of 2 9. CINEMAS SITE SURVEY RESULTS Sean shared the Cinema Redevelopment survey results included in the agenda. He will share the results with TCDA on March 10 and determine if they would like to move ahead with finding a development partner to collaborate on the park and infrastructure needs in a cost-effective manner. 10. PROJECT UPDATES Sean briefly reviewed the updates included with the agenda. 11. GRANT FOR SW 72nd AVE LETTER OF SUPPORT Sean noted previous efforts to secure federal funding for the project and emphasized that continued advocacy will be essential, given the project’s high cost and reliance on grant support. Councilor Shaw recommended notifying Oregon’s Congressional delegation so they can champion the project during the approval process. Sean will verify the appropriate steps. The Commissioners unanimously authorized the Chair and Vice Chair to sign the letter of support included in the agenda for the BUILD grant. 12. . TCDA FINANCIAL IMPACT REPORT Sean discussed the report included in the agenda and noted that its format had been updated from prior years to provide more than statistics and charts, offering a broader narrative overview of the work. 13. LIAISON REPORTS A. Patty stated that it was announced at the CHART meeting in January that Rise Church is opening their SAFE parking on February 2 and St. Anthony potentially a week later. On February 17 Councill will discuss forming a Houselessness Committee to replace CHART. On March 13 Community Partners for Affordable Housing will sponsor an event on houselessness. There is a new sixty pod village opening in Aloha soon and Project Homeless Connect and Open Door are working on additional sites. The 2025 point-in-time count showed an increase of one hundred sixty-seven homeless individuals in the county, but a thirty percent increase of people sheltered compared to 2023. 14. NON-AGENDA ITEMS – N/A 15. ADJOURN BUSINESS MEETING The meeting adjourned at 8:00 pm. Joe Patton, TCAC Meeting Secretary Gabe Velasquez, Chair Vision 2020 Downtown Tigard is a vibrant, active, and welcoming city center at the heart of our community. It provides transportation, recreational, and residential and business opportunities that are accessible to everyone. Page 1 of 5 Downtown Land Use & Transportation Framework Proposal | TCAC | March 11, 2026 Agenda Item 6 (MUC RESIDENTIAL Proposed Zone Change from MU-CBD/MUE to COMMERCIAL (COM) Proposed Zone Change from MU-CBD to INDUSTRIAL (IND) Proposed Zone Change from MU-CBD to MUE RESIDENTIAL Proposed Zone Change from MU-CBD to MUC Existing Mixed-Use Employment (MUE) Lots Proposed to be Added to Downtown Tigard Plan District DOWNTOWN TIGARD | Existing & Proposed Zoning MAP LEGEND Existing Downtown Zone: Mixed-Use Central Business District (MU-CBD) Existing Lots Proposed to be Rezoned and Removed from Downtown Tigard Plan District Proposed Downtown Tigard Plan District Boundary Page 2 of 5 Downtown Land Use & Transportation Framework Proposal | TCAC | March 11, 2026 City of Tigard 13125 SW Hall Blvd Tigard, OR 97223 (503) 639-4171 www.tigard-or.gov Map Created: 03/02/2026 Vicinity Map Scale: D a t a i s d e r i v e d f r o m m u l t i p l e s o u r c e s . T h e C i t y o f T i g a r d m a k e s n o w a r r a n t y , r e p r e s e n t a t i o n , o r g u a r a n t e e a s t o t h e c o n t e n t , a c c u r a c y , t i m e l i n e s s o r c o m p l e t e n e s s o f a n y o f t h e d a t a p r o v i d e d h e r e i n . T h e C i t y o f T i g a r d s h a l l a s s u m e n o l i a b i l i t y f o r a n y e r r o r s , o m i s s i o n s , o r i n a c c u r a c i e s i n t h e i n f o r m a t i o n p r o v i d e d r e g a r d l e s s o f h o w c a u s e d . Miles0.14 Unive r s a l Pl a z a Downtown Tigard Adopted Transportation Network 2010 Existing Streets by Classification X XX Planned Streets by Classification Trails and Paths Page 3 of 5 Downtown Land Use & Transportation Framework Proposal | TCAC | March 11, 2026 City of Tigard 13125 SW Hall Blvd Tigard, OR 97223 (503) 639-4171 www.tigard-or.gov Map Created: 03/02/2026 Vicinity Map Scale: D a t a i s d e r i v e d f r o m m u l t i p l e s o u r c e s . T h e C i t y o f T i g a r d m a k e s n o w a r r a n t y , r e p r e s e n t a t i o n , o r g u a r a n t e e a s t o t h e c o n t e n t , a c c u r a c y , t i m e l i n e s s o r c o m p l e t e n e s s o f a n y o f t h e d a t a p r o v i d e d h e r e i n . T h e C i t y o f T i g a r d s h a l l a s s u m e n o l i a b i l i t y f o r a n y e r r o r s , o m i s s i o n s , o r i n a c c u r a c i e s i n t h e i n f o r m a t i o n p r o v i d e d r e g a r d l e s s o f h o w c a u s e d . Miles0.14 XX X Unive r s a l Plaz a Downtown Tigard Proposed Transportation Network Existing Streets by Classification Proposed Streets by Classification Trails and Paths Page 4 of 5 Downtown Land Use & Transportation Framework Proposal | TCAC | March 11, 2026 City of Tigard 13125 SW Hall Blvd Tigard, OR 97223 (503) 639-4171 www.tigard-or.gov Map Created: 03/02/2026 Vicinity Map Scale: D a t a i s d e r i v e d f r o m m u l t i p l e s o u r c e s . T h e C i t y o f T i g a r d m a k e s n o w a r r a n t y , r e p r e s e n t a t i o n , o r g u a r a n t e e a s t o t h e c o n t e n t , a c c u r a c y , t i m e l i n e s s o r c o m p l e t e n e s s o f a n y o f t h e d a t a p r o v i d e d h e r e i n . T h e C i t y o f T i g a r d s h a l l a s s u m e n o l i a b i l i t y f o r a n y e r r o r s , o m i s s i o n s , o r i n a c c u r a c i e s i n t h e i n f o r m a t i o n p r o v i d e d r e g a r d l e s s o f h o w c a u s e d . Miles0.14 XX X Unive r s a l Plaz a Downtown Tigard Proposed Bike Network Existing/Planned Bike Lanes Proposed Bike Lanes Existing Trail/Path Proposed Trail/Path Page 5 of 5 Downtown Land Use & Transportation Framework Proposal | TCAC | March 11, 2026 1 | P a g e Town Center Advisory Commission (TCAC) Tigard, Oregon Strategic Plan 2025-2026 Revised 2/11/26 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 provide support for equitable business development; advance efforts toward improved walkability and connectivity within and between both TIF districts; and facilitate and promote opportunities for the development of housing and shelter, provide support for measures to reduce houselessness 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, under-represented business opportunities, program and service awareness, and possible locations for business development, retention, and growth. 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. 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 Agenda Item 7 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, under-represented 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) Monitoring Parking Management Activities in Downtown and Triangle 3) Planning for Under-represented 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 under-represented 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 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) 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) Receive regular updates on the implementation of the Downtown wayfinding plan. 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 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 housing that meets the needs of our community 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. 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 M E M O R A N D U M TO: Chair Hu and the Directors of the Town Center Development Agency Board FROM: Sean Farrelly, Redevelopment Manager RE: Update on the Former Tigard Regal Cinema Property (72nd Avenue Redevelopment Site) DATE: February 24, 2026 The purpose of this memo is to provide the Chair and Directors of the Town Center Development Agency (TCDA) with an update on next steps for the former Tigard Regal Cinema Property (72nd Avenue Redevelopment site) and guidance on the direction of the project. In August 2025, the Town Center Development Agency acquired the 10.89-acre site in the Tigard Triangle. The Agency has four major goals for the site: 1. Provide the Tigard Triangle’s first neighborhood park to serve a fast-growing area. A new park will also make the Triangle more attractive for additional development. 2. Build-out necessary street and trail infrastructure to increase connectivity and pedestrian safety. 3. Restore Red Rock Creek, which flows through the property, including new stormwater sewer facilities. This work is currently underway and will be completed in summer of 2026. 4. Redevelop the portion of the property not being used for a park. A portion of site could be offered for private redevelopment that would support the vision of the Triangle as a mixed-use, mixed-income, walkable community and catalyze additional development. Through a Request for Qualifications (RFQ) process, the Agency can identify a development partner and explore the coordination of the construction of a public park and private development. The project will require multiple street improvements, including new roadways, reconstructed roadways, sidewalks, and enhancements to a section of the Red Rock Creek Trail and frontage improvements within and adjacent to the property. Below are the steps the project team has completed as we move forward with development of this new city asset. Community Engagement On October 20, 2025, a Community Get-Together was held at the site and input was obtained from approximately 90 attendees. Presentations were made to the Town Center Advisory Commission (TCAC), the Parks and Recreation Advisory Board (PRAB), Committee for Community Engagement (CCE) and Tigard Youth Advisory Council (TYAC). Staff also met with residents of Dartmouth Crossing North and Family Promise of Tualatin Valley and tabled at the Agenda Item 9 2 Holiday Tree Lighting and the Tigard Senior Center. An online survey with questions about the future of the site received 322 participant responses. The top four desired amenities in a park on the site, as selected by survey takers were: walking and biking trails, a playground, picnic areas with tables and shelters, and a natural/native plant green space. Participants selected lighting and well-maintained facilities as the items that would make them feel safe in the future park. Responding to the question, “What else does the Tigard Triangle community need most right now?”, the top ranked categories were entertainment options, food options, community spaces and housing. Development Community Interviews Between October 2025 and February 2026, staff interviewed 16 regional development industry professionals, asking their opinions on the potential redevelopment site and the current and short- term future development environment. The key takeaways were that current conditions in the Portland real estate market were lackluster; however, developers are interested in lining up promising sites for when conditions improve. The Triangle is seen as very attractive for apartment development due to its location and the presence of incentives: the Vertical Housing Development Zone (a state-enabled 10-year partial tax abatement for new mixed-use buildings), and an Opportunity Zone (a federal designation which provides certain tax advantages for new development). There was broad agreement that the Cinema site is a promising development site, although infrastructure costs, particularly street improvements, could pose a hurdle to project feasibility. The proximity to a future park was seen as adding value to the development. Having the developer at the table when the park is being designed would result in a better project all around. Board Direction on a Developer Request for Qualifications (RFQ) From the amount of community engagement completed and discussions with the development community, the project team has developed next step scenarios. There are several scenarios for the Board to consider in order to position the site for redevelopment and decide whether to move ahead with a Request for Qualifications (RFQ) process. Scenario 1: Redevelopment First (Recommended) In this scenario, the park and redevelopment projects would be built sequentially. After the RFQ process and development agreement negotiations, the developer would construct the building and required street frontages. At the same time, the city could work on park design and engineering, with construction occurring after the building is completed. Pros: Keeping the projects clearly separated reduces the risk of private development having to pay prevailing wage. Building the park later allows time to assemble funding, including TIF-backed borrowing, Park SDCs generated by the project and potentially grants. 3 Cons: Loss of economies of scale if street infrastructure is built sequentially. The costs of building out the infrastructure (particularly the 72 nd Avenue frontage) could make private development less feasible. Scenario 2: Joint Development of the Park and Private Redevelopment In this scenario, the TCDA would find a development partner through an RFQ to jointly develop the site. A negotiated development agreement would outline the shared costs and responsibilities to coordinate construction of the park, private development and infrastructure. Pros: The infrastructure benefits from economies of scale with a coordinated build out of the park and the private development. Collaboration in design of the park would result in a more cohesive development. Cons: Risk if the development climate stalls; the park would also be delayed. Uncertainty about triggering prevailing wages (the minimum hourly rate that must be paid to workers on government-funded construction projects.) Prevailing wage projects are more expensive to build than projects paying market wages (i.e. construction costs on prevailed wages are approximately 20 percent more costly than projects that are not prevailed, based on developer experience in the region). While public agencies pay prevailing wages on their public projects, a private development would face financial feasibility issues if required to pay them. To address this risk, the developer would ask the Oregon Bureau of Labor and Industry (BOLI) to review the agreement and issue a letter of determination about prevailing wages. The risk is, even if the development agreement carefully delineated the public and private aspects, it could be interpreted as a public project. In that event, the project would be delayed for months while the agreement is renegotiated. Another consideration is the price of retaining legal counsel with expertise in prevailing wages to assist in the drafting of the RFQ (and in subsequent deal negotiations with the selected developer) so as to reduce (but not eliminate) prevailing wage risk. Scenario 3: Develop Park First In this scenario, the TCDA builds the park and necessary infrastructure first. The redevelopment parcel would be offered for development when the park is complete. Pros: Building the park and infrastructure would likely increase the value of the redevelopment parcel, and the increase the sale price. The Agency would have more control over timing and not be bound to the fluctuations of the real estate market. 4 Cons: Loss of economies of scale if street infrastructure is built out sequentially. The costs to build out the park and most of the site infrastructure will be substantial and it would likely be 4-5 (or more) years before the TIF stream is sufficient to fund the entire project. It is possible that BOLI could determine the new park would trigger prevailing wage requirements for the subsequent private development. Scenario 4: Entire Site Developed for Public Use The TCDA could develop the entire site for public use. The online survey conducted on the site gave “Community Spaces” the third highest number of votes in response to the question “What else does the Tigard Triangle community need most right now?” Pros: Provides a community center, an often-requested amenity Cons: Ongoing Funding: including a community center or other public use that requires significant operating costs would require additional funding and staffing beyond current levels. While a private partner could be sought to operate the center, a continuing subsidy would likely be required. TIF is not an eligible funding source for ongoing operations. With substantial capital costs, the project would have to be broken into multiple phases. An entirely public project would not generate any TIF for investment in future projects in the district. Recommendation: Staff recommend Scenario 1. Releasing the RFQ in the short term would ground truth our assumptions about the site redevelopment. If there’s low developer interest or concerns about infrastructure costs, the Agency could reassess the redevelopment assumptions. Staff would write and release an RFQ to select a shortlist of three developers. They would subsequently be asked to provide more specific development concepts and financial information, for the Agency to consider in the final selection. The RFQ review panel will include representatives from the TCDA Board, TCAC, Chamber of Commerce, and others. The selection criteria will include their vision for the site and their track record. Once selected, the Agency and developer will negotiate a Memorandum of Understanding (MOU) with non-binding terms on financial, programmatic, and other general aspects of the project. The selected development team will work on a financially feasible proposal for a building(s). Using the MOU as a guide, a Development and Disposition Agreement (DDA) will be negotiated. It will set the terms to sell or lease the redevelopment site, the details of the redevelopment, and any financial partnerships to build out the site infrastructure. The developer would also run the agreement terms by BOLI for their determination on Prevailing Wage. The DDA will be subject to approval by the Board. The timeline for these actions is expected to be at least one year. 5 On a parallel track, park design and engineering could get underway, with the possibility that the Agency could construct the park soon after the building is completed. Potential Timeline April-May 2026: Developer Request for Qualifications released, and shortlist chosen June- Sept. 2026: Additional information from developers requested and final developer selection. October-December 2026: Memorandum of Understanding drafted and Board of TCDA considers approval. January-September 2027: Agency and development team work on Development and Disposition Agreement (DDA) and developer team works on plans. Spring 2027: Community Development and Parks staff will start the park concept planning process, working with design consultants and an advisory committee will be formed with representatives from TCAC, PRAB, the developer team, Triangle neighborhood residents, and others to develop a final park concept, including amenities. October 2027: Board of TCDA considers approval of DDA. Links to Additional Resources: Tigard Triangle TIF Plan A New Tigard Triangle Planning for Equitable Development Tigard Triangle Strategic Plan Tigard Parks and Recreation System Plan cc: Emily Tritsch, Acting City Manager/TCDA Executive Director James McDonald, Acting Deputy City Manager Shelby Rihala, City Attorney Sambo Kirkman, Community Development Director Eric Kang, Finance Director Agenda Item 10 3/3/26 TIF District Project Updates Tigard’s TIF District Update Project • Metro awarded a 2040 Planning Grant to Tigard to evaluate our current TIF Districts and a potential new one for River Terrace 2.0. Timeline is being developed. 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) • TCDA Board approved changing the project scope on February 10 • Will move ahead with design for reduced scope with potential construction in summer 2027 3. Fanno Creek Trail Lighting • Due to cost, trail lighting project will be moved out to future year 4. Downtown Reimagined • Council was briefed on February 24 on Development code amendment project • TCAC will be briefed on March 11 5. Downtown/Triangle Parking • 28 Spaces in park and ride lot being leased from TriMet and offered for employee parking 6. Hall Blvd • 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) • TCDA Board considered recommendation about redevelopment/park timeline • 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) • Falafel Express was awarded a grant, but then withdrew (decided not to lease) 4. SW 72nd Avenue • Federal BUILD grant was applied for, with TCAC letter of support 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 starting lease-up • Dartmouth Crossing Phase 2 starting up