ORS 457.460
Agency financial statement required

  • contents
  • notice
  • agency representative to consult with taxing districts

(1)

Not later than January 31 of each year, an urban renewal agency shall prepare a statement, on the same basis on which its financial statements are prepared, containing:

(a)

The amount of moneys received during the preceding fiscal year under ORS 457.420 (Plan may provide for division of property taxes) to 457.470 (Modification of assessed value) and from indebtedness incurred under ORS 457.420 (Plan may provide for division of property taxes) to 457.470 (Modification of assessed value);

(b)

The purposes and amounts for which any moneys received under ORS 457.420 (Plan may provide for division of property taxes) to 457.470 (Modification of assessed value) and from indebtedness incurred under ORS 457.420 (Plan may provide for division of property taxes) to 457.470 (Modification of assessed value) were expended during the preceding fiscal year;

(c)

An estimate of moneys to be received during the current fiscal year under ORS 457.420 (Plan may provide for division of property taxes) to 457.470 (Modification of assessed value) and from indebtedness incurred under ORS 457.420 (Plan may provide for division of property taxes) to 457.470 (Modification of assessed value);

(d)

A budget setting forth the purposes and estimated amounts for which the moneys that have been or will be received under ORS 457.420 (Plan may provide for division of property taxes) to 457.470 (Modification of assessed value) and from indebtedness incurred under ORS 457.420 (Plan may provide for division of property taxes) to 457.470 (Modification of assessed value) are to be expended during the current fiscal year;

(e)

The maximum indebtedness for each urban renewal area included in an urban renewal plan of the agency, including the amount of indebtedness incurred through the end of the immediately preceding fiscal year; and

(f)

An analysis of the impact, if any, of carrying out the urban renewal plan on the tax collections for the preceding year for all taxing districts included under ORS 457.430 (Certification of assessed value of property in urban renewal area).

(2)

Intentionally left blank —Ed.

(a)

The statement required by subsection (1) of this section shall be filed with the governing body of the municipality and distributed to each taxing district affected by an urban renewal plan of the agency. Notice shall be published that the statement has been prepared and is on file with the municipality and the agency and the information contained in the statement is available to all interested persons. The notice shall be published once a week for not less than two successive weeks before March 1 of the year in which the statement is filed, in accordance with ORS 457.115 (Manner of newspaper notice). The notice shall summarize the information required under subsection (1)(a) to (e) of this section and shall set forth in full the information required under subsection (1)(f) of this section.

(b)

A representative of the agency shall be available to consult with affected taxing districts and respond to questions. [1979 c.621 §23; 1991 c.459 §335c; 1997 c.541 §451; 2009 c.700 §8; 2019 c.580 §10]

Source: Section 457.460 — Agency financial statement required; contents; notice; agency representative to consult with taxing districts, https://www.­oregonlegislature.­gov/bills_laws/ors/ors457.­html.

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
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