Oregon Statutes 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:
Terms Used In Oregon Statutes 457.460
- agency: means an urban renewal agency created under ORS § 457. See Oregon Statutes 457.010
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Fiscal year: means the fiscal year commencing on July 1 and closing on June 30. See Oregon Statutes 457.010
- Maximum indebtedness: means the amount of the principal of indebtedness included in a plan pursuant to ORS § 457. See Oregon Statutes 457.010
- Municipality: means any county or any city in this state. See Oregon Statutes 457.010
- plan: means a plan, as it exists or is changed or modified from time to time for one or more urban renewal areas, as provided in ORS § 457. See Oregon Statutes 457.010
- Taxing district: means the state, city, county or any other unit of government that has the power to levy a tax. See Oregon Statutes 457.010
- Urban renewal area: means a blighted area included in an urban renewal plan or an area included in an urban renewal plan under ORS § 457. See Oregon Statutes 457.010
(a) The amount of moneys received during the preceding fiscal year under ORS § 457.420 to 457.470 and from indebtedness incurred under ORS § 457.420 to 457.470;
(b) The purposes and amounts for which any moneys received under ORS § 457.420 to 457.470 and from indebtedness incurred under ORS § 457.420 to 457.470 were expended during the preceding fiscal year;
(c) An estimate of moneys to be received during the current fiscal year under ORS § 457.420 to 457.470 and from indebtedness incurred under ORS § 457.420 to 457.470;
(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 to 457.470 and from indebtedness incurred under ORS § 457.420 to 457.470 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.
(2)(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. 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]