ORS 457.230
Disposition of land in urban renewal project

  • determination of value
  • obligations of purchaser or lessee
  • recordation

(1)

The urban renewal agency shall, in accordance with the approved urban renewal plan, make land in an urban renewal project available for use by private enterprise or public agencies. Such land shall be made available at a value determined by the urban renewal agency to be its fair reuse value, which represents 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.

(2)

To assure that land acquired in an urban renewal project is used in accordance with the urban renewal plan, an urban renewal agency, upon the sale or lease of such land, shall obligate purchasers or lessees:

(a)

To use the land for the purposes designated in the urban renewal plan.

(b)

To begin the building of their improvements within a period of time which the urban renewal agency fixes as reasonable.

(3)

Any obligations by the purchaser shall be covenants and conditions running with the land where the urban renewal agency so stipulates.

(4)

Any contract for the transfer of any interest in land by the urban renewal agency may be recorded in the land records of the county in which the land is situated in the same manner as any other contract for the transfer of an interest in land is recorded. [1957 c.456 §12; 1965 c.571 §1; 1967 c.312 §1]

Source: Section 457.230 — Disposition of land in urban renewal project; determination of value; obligations of purchaser or lessee; recordation, https://www.­oregonlegislature.­gov/bills_laws/ors/ors457.­html.

Notes of Decisions

Where city contracted to build public improvements on land adjacent to that sold to private developer, this section did not require the price of these improvements to be added to fair reuse value. Thunderbird Motel v. City of Portland, 40 Or App 697, 596 P2d 994 (1979), Sup Ct review denied

Attorney General Opinions

Urban renewal financing by taxes, (1974) Vol 36, p 1005; use of monies in special fund, (1977) Vol 38, p 1062

457.010
Definitions 457.020
Declaration of necessity and purpose 457.025
Powers supplemental to other laws 457.035
Urban renewal agencies 457.045
Election of method of exercise of urban renewal agency’s powers 457.055
Transfer of urban renewal agency powers 457.065
Advisory board for housing authority acting as urban renewal agency 457.075
Termination of urban renewal agency 457.085
Urban renewal plan requirements 457.087
Report required to accompany proposed urban renewal plan 457.089
Urban renewal plan and report to planning commission and affected taxing districts for recommendations before approval by municipality 457.095
Approval of plan by ordinance 457.105
Approval of plan by other municipalities 457.115
Manner of newspaper notice 457.120
When additional notice required 457.125
Recording of plan upon approval 457.135
Conclusive presumption of plan validity 457.160
Exceptions to plan requirements for disaster areas 457.170
Urban renewal agency’s powers in planning or undertaking an urban renewal project 457.180
Powers of urban renewal agencies in general 457.190
Acquisition of funds by urban renewal agency 457.210
Applicability of housing cooperation law to urban renewal projects 457.220
Plan amendment 457.230
Disposition of land in urban renewal project 457.240
Tax status of land leased under a plan 457.320
Municipal assistance under plan 457.420
Plan may provide for division of property taxes 457.430
Certification of assessed value of property in urban renewal area 457.435
Property tax collection methods for existing plans 457.437
Consultation with municipalities 457.440
Computation of amounts to be raised from property taxes 457.445
Consolidated billing tax rate 457.450
Notice to tax assessor 457.455
Limiting collections 457.460
Agency financial statement required 457.470
Modification of assessed value
Green check means up to date. Up to date

Current through early 2024

§ 457.230’s source at oregon​.gov