ORS 457.087 Report required to accompany proposed urban renewal plan

An urban renewal plan proposed by an urban renewal agency shall be accompanied by a report that contains:

A description of the physical, social and economic conditions in the urban renewal areas of the plan and the expected impact, including the fiscal impact, of the plan in light of added services or increased population;

Reasons for the selection of each urban renewal area in the plan;

The relationship between each project to be undertaken under the plan and the existing conditions in the urban renewal area;

The estimated total costs for each project and the sources of moneys to pay the costs;

The anticipated completion date for each project;

The estimated amount of moneys required for each urban renewal area under ORS 457.420 to 457.470 and the anticipated year in which indebtedness will be retired or otherwise provided for under ORS 457.420 to 457.470;

A financial analysis of the plan with sufficient information to determine the feasibility of the plan;

A fiscal impact statement that estimates the impact of the tax increment financing, both until and after the indebtedness is repaid, upon all districts levying taxes upon property in the urban renewal area; and

A relocation report that includes:

An analysis of existing residents or businesses required to relocate temporarily or permanently as a result of the urban renewal agency’s actions under ORS 457.170;

A description of the methods to be used for the temporary or permanent relocation of persons living, and businesses situated, in the urban renewal area, in accordance with ORS 35.500 to 35.530; and

An enumeration, by cost range, of the existing housing units in the urban renewal areas of the plan to be destroyed or altered and the new units to be added.