ORS 280.415
Legislative findings


The Legislative Assembly finds that:

(1)

Cities with a population of 70,000 or more should be granted the powers granted to the state by ORS 285B.320 (Purpose of ORS 285B.320 to 285B.371) to 285B.371 (State interest in eligible projects not necessary for loans) in order to reduce substantially within their boundaries the occurrence of economic conditions requiring more expensive remedial action. There exist in Oregon’s larger cities substantial adverse economic conditions requiring immediate remedial action. Such conditions include decreasing opportunities for gainful employment and lack of sites and facilities for orderly and necessary retail, commercial and industrial growth. Amelioration of these conditions is deemed a public purpose and the acquisition of property for such purpose is deemed a public use. To meet the needs of these cities it is necessary to grant them full authority to undertake and complete development and redevelopment projects, and to assist public and private organizations engaged in such projects, including the issuance of industrial or other nonrecourse revenue bonds. It is the purpose of ORS 280.410 (Definitions for ORS 280.410 to 280.485) to 280.485 (Effect of ORS 280.410 to 280.485 on powers of city) to authorize the exercise of such powers by cities with a population of 70,000 in addition to and not in lieu of any other powers such cities may possess.

(2)

The lack of residential housing in the core and inner areas of Oregon’s larger cities also is a cause of adverse economic conditions. Development of housing in such areas can be a factor which contributes to orderly economic growth by providing decent housing for workers necessary to attract and promote desirable retail, commercial and industrial growth. Therefore it is also the purpose of ORS 280.410 (Definitions for ORS 280.410 to 280.485) to 280.485 (Effect of ORS 280.410 to 280.485 on powers of city) to permit cities with a population of 70,000 or more authority to issue revenue bonds for housing purposes. The Legislative Assembly, in granting this authority, intends to increase Oregon’s available housing stock. In exercising options under that authority, preference should be given by cities to those projects which add housing units through new construction or rehabilitation of nonresidential buildings. For low income single room occupancy housing, however, cities may renovate existing single room housing, convert nonresidential buildings or construct new buildings.

(3)

Cities with a population of 70,000 or more suffer from a lack of available mortgage financing for the purchase of multiple unit homes in such cities. There is a need for a low-cost mortgage financing for multiple unit home purchasers in order to prevent urban decay and blight and to promote the economic well-being of those cities. [1977 c.772 §1; 1979 c.865 §2; 1981 c.368 §2; 2003 c.286 §2]

Source: Section 280.415 — Legislative findings, https://www.­oregonlegislature.­gov/bills_laws/ors/ors280.­html.

280.040
Definitions for ORS 280.040 to 280.145
280.050
Providing funds for financing cost of services, projects, property and equipment
280.055
Obtaining and advancing of funds to county service districts
280.057
Local option taxes for community colleges
280.060
Levy of local option taxes outside constitutional limitation
280.064
Period for use of revenues raised by local option tax
280.070
Manner of holding elections for local option tax or permanent rate limit
280.075
Ballot statements for local option tax measures
280.080
Contents of order, resolution or ordinance calling election
280.090
Submission of several proposals to impose local option taxes
280.145
Serial levy under former law
280.150
Appropriating money and issuing bonds to construct, operate and maintain joint facilities
280.410
Definitions for ORS 280.410 to 280.485
280.415
Legislative findings
280.420
Eligibility of projects for financing
280.422
Exception to eligibility standards
280.424
Bond-financed single room occupancy rental housing to conform with federal law
280.425
City powers concerning property
280.430
Contractual powers of city
280.431
Required condition of purchase for low income single room occupancy housing project
280.432
Limitations on housing loans from bond proceeds
280.435
Limitation on city power
280.440
Authority to issue revenue bonds
280.445
Factors considered in determining whether to issue bonds
280.450
Issuance of bonds
280.455
Administrative expenses
280.460
Refunding bonds
280.465
Validity of bonds
280.470
Covenants in bonds allowed
280.475
Limitations of bonds
280.480
Powers and rights of bondholders
280.482
Report required
280.485
Effect of ORS 280.410 to 280.485 on powers of city
280.500
County economic development plan
280.505
Coordination of plan with other local governments and plans
280.508
County public purpose revolving loan fund
280.518
Display of information that program is financed by State Lottery
Green check means up to date. Up to date