Oregon Law
Law as of Jan 1, 2026
Chapter contents
457.010Definitions 457.020Declaration of necessity and purpose 457.025Powers supplemental to other laws 457.030[Amended by 1957 c.456 §18; repealed by 1979 c.621 §28] 457.035Urban renewal agencies; creation; ordinance to exercise powers; area of operation 457.040[Repealed by 1979 c.621 §28] 457.045Election of method of exercise of urban renewal agency’s powers 457.050[Amended by 1953 c.230 §3; 1957 c.456 §19; repealed by 1979 c.621 §28] 457.055Transfer of urban renewal agency powers 457.060[Repealed by 1979 c.621 §28] 457.065Advisory board for housing authority acting as urban renewal agency 457.070[Repealed by 1979 c.621 §28] 457.075Termination of urban renewal agency 457.080[Repealed by 1979 c.621 §28] 457.085Urban renewal plan requirements 457.087Report required to accompany proposed urban renewal plan 457.089Urban renewal plan and report to planning commission and affected taxing districts for recommendations before approval by municipality; taxing district concurrence required for plan that includes public building project 457.090[Repealed by 1979 c.621 §28] 457.095Approval of plan by ordinance; required contents of ordinance; notice 457.100[Amended by 1979 c.621 §12; renumbered 457.065] 457.105Approval of plan by other municipalities 457.110[Renumbered 457.025] 457.115Manner of newspaper notice 457.120When additional notice required; to whom sent; contents; notice by publication 457.125Recording of plan upon approval 457.130[1957 c.456 §§4,5; 1979 c.621 §13; renumbered 457.035] 457.135Conclusive presumption of plan validity 457.140[1957 c.456 §6; 1975 c.246 §1; 1979 c.621 §14; renumbered 457.045] 457.145[1967 c.311 §2; repealed by 1979 c.621 §15 (457.055 enacted in lieu of 457.145)] 457.150[1957 c.456 §8; repealed by 1979 c.621 §28] 457.160Exceptions to plan requirements for disaster areas 457.170Urban renewal agency’s powers in planning or undertaking an urban renewal project 457.180Powers of urban renewal agencies in general 457.190Acquisition of funds by urban renewal agency; maximum amount of indebtedness 457.210Applicability of housing cooperation law to urban renewal projects; delegation of urban renewal agency powers and functions 457.220Plan amendment; limit on additional land and increased maximum indebtedness 457.230Disposition of land in urban renewal project; determination of value; obligations of purchaser or lessee; recordation 457.240Tax status of land leased under a plan 457.310[1957 c.456 §16; repealed by 1979 c.621 §28] 457.320Municipal assistance under plan; assumption by urban renewal agency of general obligation bond payments of municipality 457.410[1961 c.554 §2; repealed by 1979 c.621 §28] 457.420Plan may provide for division of property taxes; limits on land area 457.430Certification of assessed value of property in urban renewal area; amendment 457.435Property tax collection methods for existing plans; special levies 457.437Consultation with municipalities; resolution requirements 457.440Computation of amounts to be raised from property taxes; notice; rules 457.445Consolidated billing tax rate; impairment certificates; election to become reduced rate plan 457.450Notice to tax assessor; provision for debt retirement; distribution of remaining tax increment funds 457.455Limiting collections; notification; consultation with taxing districts 457.460Agency financial statement required; contents; notice; agency representative to consult with taxing districts 457.470Modification of assessed value; indexing; concurrence of taxing districts; rules

Chapter 457 — Urban Renewal

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 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.

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Provenance

Version history

Prior statutory text is not available in the ingested published editions. Consult an earlier official ORS edition or the cited Oregon Laws chapter.