Urban Renewal

Link to law: http://arcweb.sos.state.or.us/pages/rules/oars_100/oar_150/150_457.html
Published: 2015

The Oregon Administrative Rules contain OARs filed through November 15, 2015

 

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DEPARTMENT OF REVENUE




 



DIVISION 457
URBAN RENEWAL

150-457.430
Certification of Urban Renewal Frozen Value and Apportioning Value to Tax Code Areas
(1) “Frozen value” as used in this rule has the same meaning as in OAR 150-457.440(9).
(2) All certified statements and amendments filed under ORS 457.430 before September 29, 1991, continue to remain in effect, unless subsequently amended pursuant to this rule. The total true cash value contained in those certified statements constitutes the total assessed value for purposes of this section.
(3) The certified statement of the total assessed value of all taxable real and personal property contained in the urban renewal area (the frozen value), that is filed by the assessor pursuant to ORS 457.430 must include totals by code area and by taxing district.
(4) If an urban renewal agency wants to limit future collections for a plan by permanently increasing the plan’s frozen value pursuant to ORS 457.455(2), the agency must do so by completing the portion of Department of Revenue Form UR-50 Notice to Assessor that is provided for that purpose, stating the plan name and the new frozen value amount.
(5) If an agency with an Option Three plan notifies the assessor to permanently increase the plan’s frozen value under section (4) of this rule, the formal action taken by the agency to authorize the notice must not be in the form of an ordinance or an amendment to the certified statement filed under ORS 457.430.
(6) If an agency notifies the assessor to permanently increase a plan’s frozen value, the assessor must amend the certified statement filed under ORS 457.430, using the frozen value stated by the agency on Form UR-50.
(7) The assessor must apportion to the tax code areas in the plan area, the total frozen value stated by the agency in its notice, in the same proportions as the most recent previously certified frozen value was distributed among the code areas.
(8) The notice described in section (4) of this rule must be submitted to the assessor by July 15 to apply to the next tax roll.
(9) If the location of property that is centrally assessed by the Department of Revenue pursuant to ORS 308.505 to 308.665 or 308.805 to 308.820 cannot be determined, the assessor must apportion the assessed value of that property among the code areas in the same proportions as the assessed value of all real property is distributed among the code areas on the last roll certified.
[ED. NOTE: Forms referenced are available from the agency.]
Stat. Auth.: ORS 305.100, 457.470

Stats. Implemented: ORS 457.430

Hist.: RD 9-1990, f. 12-20-90, cert. ef. 12-31-90; RD 3-1991, f. 12-30-91, cert. ef. 12-31-91; REV 11-2010, f. 7-23-10, cert. ef. 7-31-10
150-457.440(2)
Notice to Assessor of Amounts to be Raised for Urban Renewal
(1) “Frozen value,” “increment value,” “increment value used” and “maximum authority” as used in this rule have the same meanings as in OAR 150-457.440(9).
(2) The notice to the assessor required by ORS 457.440(2) must be made using Department of Revenue Form UR-50 Notice to Assessor.
(3) An urban renewal agency with an Option One plan may request on Form UR-50:
(a) One hundred percent of the amount available to the plan from division of tax under ORS 457.440 plus, if the amount estimated to be received from ORS 457.440 is not sufficient to meet the budgeted obligations of the plan, a special levy in any amount up to the remainder of the plan’s maximum authority, or
(b) An amount of increment value used that the agency estimates will raise some lesser amount of division of tax, as provided under ORS 457.455(1).
(4) If an agency with an Option One plan requests one hundred percent of the division of tax under subsection (3)(a) of this rule, a request for a special levy must state the dollar amount to be raised or the percentage of the remainder of the plan’s maximum authority that the agency wants.
(5) If an urban renewal agency with an Option One plan requests an amount of increment value used under subsection (3)(b) of this rule, the plan may not request a special levy.
(6) An urban renewal agency with an Option Three plan may request:
(a) The amount of division of tax stated in the ordinance adopted under ORS 457.435 selecting Option Three, plus a special levy; or
(b) An amount of increment value used that the agency estimates will raise some lesser amount of division of tax as provided under ORS 457.455(1), plus a special levy.
(7) If an urban renewal agency with an Option Three plan requests an amount of increment value used, under subsection (6)(b) of this rule and a special levy:
(a) The amount of special levy requested may not exceed the amount calculated by subtracting the amount of division of tax stated in the ordinance adopted under ORS 457.435 selecting Option Three from the plan’s maximum authority as limited by ORS 457.435(3).
(b) The request for a special levy must state the dollar amount to be raised or the percentage of the amount calculated in subsection (7)(a) of this rule that the agency wants.
(8) An urban renewal agency with a plan other than an Option One plan or an Option Three plan may request:
(a) One hundred percent of the amount available to the plan from division of tax under ORS 457.440; or
(b) An amount of increment value used that the agency estimates will raise some lesser amount of division of tax, as provided under ORS 457.455(1) or 457.470.
(9) If an urban renewal agency requests a permanent increase in the amount of frozen value in the certification filed by the assessor under ORS 457.430, as provided in ORS 457.455(2), the agency must notify the assessor of the new frozen value by completing the portion of the Form UR-50 provided for that purpose, stating the plan name and the new frozen value amount. The form must be submitted to the assessor in accordance with OAR 150-457.430.
(10) If an urban renewal agency with an Option One plan notifies the assessor to permanently increase the plan’s frozen value under section (9) of this rule, the plan may never again request a special levy.
(11) If an agency with an Option Three plan notifies the assessor to permanently increase the plan’s frozen value under section (9) of this rule, the formal action taken by the agency to authorize the notice must not be in the form of an ordinance or an amendment to the certified statement filed under ORS 457.430.
(12) If Portland Public School District wishes to exclude from urban renewal division of tax for the current fiscal year that portion of its permanent tax rate limitation by which that limitation was increased upon retirement of the district’s gap bonds, the district must notify the assessors of each county in which division of tax is calculated using the district’s permanent rate. This notification must be submitted to the assessors with Department of Revenue Form ED-50 Notice to Assessor and show both the tax rate to be excluded from division of tax and the tax rate under the district’s permanent rate limitation that the district wishes to impose for district operations. The maximum rate that can be excluded from division of tax is $0.5038 per $1,000 of assessed value.
[ED. NOTE: Forms referenced are available from the agency.]
Stat. Auth.: ORS 305.100, ORS 457.470

Stats. Implemented: ORS 457.010, 457.440, 457.455, 457.470.

Hist.: REV 11-2010, f. 7-23-10, cert. ef. 7-31-10
150-457.440(9)
Urban Renewal Certification, Calculation and Distribution
(1) Definitions: For purposes of this
rule:
(a) "Consolidated billing
tax rate" means:
(A) For reduced rate plans,
the total of all taxing district billing tax rates used to extend taxes, after any
adjustments to reflect tax offsets, but does not include:
(i) Any urban renewal special
levy rate;
(ii) Any local option tax
rate if the tax was approved by the voters after October 6, 2001;
(iii) Any exempt bonded indebtedness
tax rate (except for Portland Police and Fire Pension and Disability bonds, if so
issued) approved by the voters after October 6, 2001; or
(iv) The portion of Portland
Public School District’s permanent rate levy described in OAR 150-457.440(2)
section (13) that the district notifies the assessor to exempt from division of
tax.
(B)(i) For standard rate
plans, the total of all taxing district billing tax rates used to extend taxes,
after any adjustments to reflect tax offsets, but does not include any urban renewal
special levy rate or rates of new local option taxes.
(ii) Notwithstanding paragraph
(1)(a)(B)(i), if an urban renewal agency filed an impairment certificate under ORS
457.445 with respect to a standard rate plan, the rates of new local option taxes
that were identified in the impairment certificate must be included in the total.
(b) "Division of tax" means:
(A) For purposes of determining
the amount of division of tax to use in tax calculation, the amount calculated by
multiplying the tax rate for each taxing district levy in a code area by the increment
value used in that code area and summing the product for all code areas in the plan
area. Only those taxing district tax rates that are part of the consolidated billing
tax rate for that plan are used for this calculation.
(B) For purposes of computing
the estimate of the division of tax portion of the maximum authority for existing
plans, the amount calculated by multiplying the consolidated billing tax rate for
the code area by the increment value used in the code area and summing the product
for all code areas in the plan. Only those taxing district tax rates that are part
of the consolidated billing tax rate are used for this calculation.
(c) "Division of tax rate"
means the rate determined for each taxing district levy within the consolidated
billing tax rate for an urban renewal plan. This rate is calculated by dividing
the division of tax amount by the taxable assessed value of any shared property
for that district. This is the rate that is multiplied by the taxable assessed value
of any shared property of the district to determine the amount of division of tax
extended before compression on that property from that levy for that plan.
(d) "Existing plan" means
an urban renewal plan that provides for a division of ad valorem property taxes
as described under ORS 457.420 to 457.460, adopted by ordinance before December
6, 1996, that meets the conditions of 457.010(4).
(e) "Frozen value" means:
(A) The assessed value of
the property in an urban renewal plan area at the plan’s inception, as certified
by the assessor under ORS 457.430 and OAR 150-457.430; or
(B) The value stated by the
agency in the notice to the assessor pursuant to ORS 457.455(2).
(f) "Increment value" means
the positive value obtained by subtracting the frozen value in a plan area from
the total assessed value in a plan area, calculated code area by code area. Negative
results are disregarded, resulting in the code area having zero increment value.
(g) "Increment value used"
means:
(A) For an Option Three existing
plan, that portion of the increment value in the plan area necessary to raise the
amount of division of tax stated in the ordinance selecting Option Three that was
adopted by the urban renewal agency under ORS 457.435, or a lesser amount of increment
value specified by the agency under paragraph (B) of this subsection.
(B) For plans for which the
urban renewal agency specifies, pursuant to ORS 457.455(1) or 457.470, an amount
of assessed value less than the full increment amount that is available, the amount
of increment value specified. The assessor must apportion to the code areas in the
plan area the amount of increment specified by the agency.
(C) For all other plans "increment
value used" means "increment value."
(h) "Maximum authority" means
the limitation on the amount of revenue to be raised for the year for an existing
plan area, as described in ORS 457.435(3). Only plans that are existing plans have
a maximum authority amount. The maximum authority is adjusted each year to reflect
growth in assessed value within the plan area as provided in ORS 457.435(3)(b).
(i) “New local option
tax” means a local option tax described in ORS 457.445(5) that is approved
by taxing district electors after January 1, 2013.
(j) "Rate computation value"
means the total assessed value in an ad valorem taxing district, plus the value
of Fish and Wildlife properties and of Non-Profit Housing properties, minus urban
renewal increment value used.
(k) "Reduced rate plan" means
any urban renewal plan that is:
(A) Adopted before December
6, 1996, designated as an existing plan, and also designated as an Option One plan;
(B) Adopted before December
6, 1996, was an existing plan designated as an Option One plan on October 6, 2001,
and was substantially amended as described in ORS 457.085(2)(i)(A) or (B) on or
after October 6, 2001;
(C) Adopted on or after October
6, 2001; or
(D) Adopted before December
5, 1996, and the governing body of the city or county that adopted the plan irrevocably
elects to change the plan from being a standard rate plan to a reduced rate plan,
pursuant to ORS 457.445(4), and provides the assessor by July 15 of the first tax
year it is effective, a copy of the resolution or ordinance making the election.
(l) "Shared property" is
property that is both within a taxing district that overlaps an urban renewal plan
area, and within the boundaries of a municipality that activated an urban renewal
agency. It also includes any area of a plan that extends beyond the boundaries of
the activating municipality for that plan.
(m) "Standard rate plan"
means an urban renewal plan that is not a reduced rate plan.
(2) Urban renewal agencies
making use of tax increment financing must certify their tax increment financing
request to the county assessor under ORS 310.060 and pursuant to OAR 150-457.440(2)
by July 15 using Department of Revenue Form UR-50 Notice to Assessor for the current
tax year. The assessor may, for cause, grant an extension of this date up to October
1.
(3) The assessor must separately
calculate the estimated revenue to be raised from each plan area within the territory
of a taxing district. To make this calculation the assessor must:
(a) Determine whether the
plan is a standard rate plan or a reduced rate plan. Calculate the consolidated
billing tax rate accordingly;
(b) Determine the maximum
authority of an existing plan by multiplying last year's maximum authority by the
percentage growth in plan increment value this year as provided in ORS 457.435(3);
(c) Determine the estimated
amount to be raised by the division of tax for the plan. For each code area within
the plan area, multiply the consolidated billing tax rate by the increment value
used in the code area. Add the amounts of all code areas within a plan; and
(d) Determine the maximum
amount of the special levy, if any, for each existing urban renewal plan by subtracting
the estimated amount to be raised by the division of tax from the maximum authority
of the plan. The maximum special levy cannot be less than zero.
(4) If the plan is an Option
One plan:
(a) The assessor must calculate
the maximum amount of urban renewal taxes to be raised through the division of tax
as provided in section (3) of this rule, or a lesser amount of division of tax using
the increment value used that is specified by the agency, according to the agency’s
certification on Form UR-50.
(b) If the agency requests
one hundred percent of the division of tax and a special levy amount on Form UR-50,
the assessor must calculate and extend a special levy for the amount certified,
provided the total amount of the special levy plus the estimated division of tax
amount is equal to or less than the maximum authority of the plan as determined
under subsection (3)(b) of this rule.
(c) If the total of the special
levy certified for the plan area plus the estimated division of tax amount computed
for the plan by the assessor exceeds the maximum authority of the plan, the assessor
must reduce the amount of the special levy until the total of the special levy and
the estimated division of tax amount equals the maximum authority for the plan.
(d) If, instead of requesting
one hundred percent of division of tax, an agency certifies on Form UR-50 an amount
of increment value used, the assessor must not calculate a special levy for that
plan.
(5) If the plan is an Option
Three plan:
(a) The agency must certify
on Form UR-50 the amount stated in the ordinance selecting Option Three as the amount
to be collected through the division of taxes, or the amount of increment value
that the agency estimates will raise some lesser amount of division of tax.
(b) If the agency certifies
the amount of division of tax stated in the ordinance selecting Option Three, the
assessor must calculate the amount of increment value necessary to raise the division
of tax amount stated in the ordinance. The amount calculated by the assessor is
the increment value used.
(c) If the agency certifies
the amount of increment value that the agency estimates will raise some lesser amount
of division of tax, the amount specified is the increment value used.
(d) If the agency certifies
a special levy and certifies the amount of division of tax stated in the ordinance
selecting Option Three, and the total special levy plus the estimated division of
tax amount computed for the plan by the assessor exceeds the maximum authority of
the plan, the assessor must reduce the special levy until the total of the two equals
the maximum authority.
(e) If the agency certifies
a special levy and certifies an amount of increment value used that the agency estimates
will raise an amount of division of tax that is less than the amount stated in the
ordinance selecting Option Three, and the total of the special levy plus the estimated
division of tax amount computed by the assessor using that amount of increment value
exceeds the total that would have been available under the plan’s maximum
authority had the agency certified the amount of division of tax stated in the ordinance
selecting Option Three, the assessor must reduce the special levy amount so that
the total of the special levy and the estimated division of tax equals the total
that would have been available under the plan’s maximum authority, had the
agency certified the amount of division of tax stated in the ordinance selecting
Option Three.
(6) If the plan is not an
existing plan, the agency must certify on Form UR-50:
(a) One hundred percent of
the amount of division of tax; or
(b) The amount of increment
value used that the agency estimates will raise some lesser amount of division of
tax, pursuant to ORS 457.455(1) or 457.470.
(7) The assessor must:
(a) Apportion the increment
value used to the code areas in the plan area in the same proportions as the increment
value is distributed among those code areas.
(b) If the full increment
value in a code area is less than the amount of increment value used that is apportioned
to the code area under subsection (7)(a) of this rule, the assessor must calculate
the division of tax using the full increment value. No increment value is then used
in calculating the taxes of the ad valorem taxing districts for the year.
(c) If the full increment
value exceeds the amount of the increment value used, the assessor must use the
remaining increment value in calculating the taxes of the ad valorem taxing districts
for the current year.
(8) The assessor must:
(a) Use the rate computation
value in calculating taxes for a taxing district that has an urban renewal plan
area within its boundaries and whose rate is part of the consolidated billing tax
rate for the plan.
(b) Calculate the urban renewal
special levy tax rate for each plan area using the current year taxable value of
all taxable property in the municipality that adopted the plan and any portion of
the urban renewal plan area outside of the municipality. Current year taxable value
includes the value of Non-profit Housing properties, Fish and Wildlife properties
and urban renewal increment value.
(c) Calculate urban renewal
special levy tax rates on a plan area by plan area basis. If one plan area of an
agency extends beyond the boundary limits of the activating municipality, only the
special levy rate for that plan area is extended beyond the boundaries of the municipality.
(d) Unless otherwise specifically
provided by law, no tax offset applies to the special levy rate.
(9) The assessor must determine
the tax rate for each code area for each tax levy that an ad valorem district certifies
as follows:
(a) Determine the rate certified
by the district for tax rate levies or calculate a tax rate for dollar amount levies;
(b) Subtract any offsets
as applicable; and
(c) Subtract any division
of tax rate for that district applicable to that code area from the result of subsection
(9)(b) of this rule.
(10) The assessor must calculate
a total division of tax rate for each code area. This is the total of the division
of tax rates from all of the levies from all taxing districts with shared property
in that code area, if such rates are in the consolidated billing tax rate.
(11) The division of tax
rate may have two components. One is the total of rates derived from any local option
tax levies. The other component is the total of rates derived from any other levies.
The assessor must treat the amount of taxes derived from each of the two total rates
separately for purposes of determining compliance with the limitations of section
11(b) Article XI of the Oregon Constitution.
(12) The assessor must calculate
the amount of tax on each account that is distributed to each urban renewal agency
as follows:
(a) For each property within
a shared property area the assessor must calculate the division of tax amount extended
by multiplying the taxable assessed value of the account by the division of tax
rate for each plan area.
(b) For each property within
a shared property area that has an urban renewal special levy, the assessor must
calculate the amount extended for the special levy by multiplying the taxable assessed
value of the account by the rate calculated for each urban renewal special levy.
(c) If taxes exceed the limitations
in either category of section 11(b) Article XI of the Oregon Constitution, the assessor
must reduce the taxes to the category limit. The division of tax portion derived
from local option levies must be reduced proportionately with all other similarly
categorized local option levies before any other taxes in the category are reduced.
(13) The special levy and
the division of tax must be imposed on all taxable property in the municipality
that activated the urban renewal agency and any portion of the urban renewal plan
area outside of the municipality that is shared property for that plan.
(14) The tax statement must
display at a minimum for each agency, under the applicable limitation category,
the total combined dollar amount imposed for the urban renewal special levy and
the division of tax for that account.
(15) In preparing the percentage
distribution schedule under ORS 311.390, the tax collector must use the dollar amount
generated for urban renewal division of tax and the dollar amount imposed for urban
renewal special levy for each urban renewal agency.
[ED. NOTE: Forms and Publications referenced
are available from the agency.]
Stat. Auth.: ORS 305.100
& 457.470
Stats. Implemented: ORS 457.440,
457.445 & 457.470
Hist.: REV 13-1999, f. 12-30-99,
cert. ef. 12-31-99; REV 1-2002, f. & cert. ef. 5-23-02; REV 7-2008, f. 8-29-08,
cert. ef. 8-31-08; REV 11-2010, f. 7-23-10, cert. ef. 7-31-10; REV 5-2013(Temp),
f. 7-1-13, cert. ef. 7-15-13 thru 1-1-14; REV 9-2013, f. 12-26-13, cert. ef. 1-1-14
150-457.440(9)-(A)
Minimum Public Information on Division of Tax
(1) The assessor of a county in which any taxing district has urban renewal excess value must make available to the public information concerning the urban renewal division of tax amounts. The information must be readily accessible to the public in either print or electronic form.
(a) The content must include:
(A) The name of the county;
(B) The number of urban renewal agencies in the county;
(C) The total dollar amount of taxes imposed by all taxing districts that was allocated to all of the urban renewal agencies in the county for the tax year immediately prior to the current tax year; and
(D) The total dollar amount of taxes imposed for the urban renewal agencies in the county as special levies, if any, for the tax year immediately prior to the current tax year.
(b) The following example meets the information requirements:
Example: Some of the taxes imposed for the taxing districts in County X were allocated to two urban renewal agencies. For tax year 2000-2001, $3,820,268 out of a total $229,299,593 taxes imposed by all taxing districts in the county were allocated to the urban renewal agencies. In addition, $1,254,320 was imposed for the urban renewal agencies as special levies.
(2) The county must also describe where additional information about urban renewal may be obtained.
Example: Anyone interested in obtaining more information about the amount of money distributed to urban renewal may contact the assessor's office at (telephone number) or through e-mail at (e-mail address) or (urban renewal agency name) at (telephone number) or (e-mail address).
(3) Nothing in this rule prohibits a county from making available to the public more information about urban renewal.
Stat. Auth.: ORS 305.100

Stats. Implemented: ORS 457.440

Hist.: REV 3-2001, f. 7-31-01, cert. ef. 8-1-01
150-457.440(9)-(B)
Calculation of Urban Renewal with
City Rate Phase-in
(1) Applicability: This rule must be
used in conjunction with OAR 150-457.440(9) when an urban renewal agency sponsored
by a city has certified a request for tax increment financing to the assessor under
ORS 457.440 and the city has adopted an annexation ordinance under ORS 222.111 with
a rate phase-in provision that is applicable to the city’s taxes for the tax
year.
(2) When the conditions described
in section (1) are present, the assessor must modify the calculations under OAR
150-457.440(9) as follows, or by using a method allowed under section (3):
(a) The division of tax rate
derived from the city’s taxes must be calculated separately for the area of
the city that is subject to rate phase-in and for the area of the city not subject
to rate phase-in. This is relevant for determining proper division of tax rates
to use by code area under OAR 150-457.440(9) subsection (1)(c) and sections (9),
(10), (11), and (12).
(A) Calculate the division
of tax rate applicable to the shared property that is not subject to rate phase-in
by dividing the total division of tax amount from city taxes by the sum of:
(i) The taxable assessed
value of the shared property that is not in the phase-in area, and
(ii) The product of the taxable
assessed value of the shared property that is in the phase-in area multiplied by
the phase-in percentage.
(B) Calculate the division
of tax rate applicable to the shared property that is subject to rate phase-in by
multiplying the phase-in percentage by the division of tax rate from paragraph (A)
of subsection (2)(a).
(b) Division of tax rates
derived from taxes of taxing districts other than the city with rate phase-in remain
calculated in accordance with OAR 150-457.440(9) and without modification due to
the city tax phase-in.
(3) A county may use a different
calculation method if approved by the Department of Revenue, it provides an equivalent
phase-in of the division of tax rate derived from the city taxes, and the taxes
to be raised for the urban renewal agency and city remain comparable to the calculations
under section (2).
Stat. Auth.: ORS 305.100 & 457.470
Stats. Implemented: ORS 457.440
Hist.: REV 7-2014, f. 12-23-14,
cert. ef. 1-1-15
150-457.450
Distribution of Remaining Tax Increment Funds
(1) For purposes of this rule "taxing district" includes only those districts that have ad valorem taxes divided with an urban renewal agency pursuant to ORS 457.440.
(2) An urban renewal agency must give the notice required by ORS 457.450(2) to each county assessor that had calculated division of tax amounts for the agency. As soon as practicable, each assessor that is notified will:
(a) Discontinue calculating division of tax and urban renewal special levy amounts under ORS 457.440 and 457.435 for the plan area; and
(b) Notify the county treasurer in writing to discontinue any future distributions to the agency for this plan from any division of tax or urban renewal special levy.
(3) When unexpended moneys in the agency special fund for a plan must be turned over to the county treasurer under ORS 457.450(3), the agency must apportion the moneys between each county that had calculated division of tax amounts for the agency in proportion to the amount received from each county for the plan in the last fiscal year before the notice required by ORS 457.450(2). The agency must turn over each amount that was apportioned to a county to that county's treasurer.
(4) After the county treasurer is notified by the assessor under section (2) of this rule about a plan or the county treasurer receives money from an urban renewal agency under ORS 457.450(3) regarding a plan, the treasurer must:
(a) Discontinue any future distributions to the agency for that plan from the division of tax and any special levy;
(b) Prepare a schedule to allocate for each taxing district that levied within that plan area on the last tax roll any unexpended moneys returned by the agency under ORS 457.450(3) plus any future moneys that otherwise would be distributed for that plan. Allocation percentages must be in proportion to the amounts calculated to be raised from division of tax from each taxing district for that plan on the last tax roll;
(c) Distribute to the taxing districts based on the schedule prepared under subsection (4)(b) of this rule any money that otherwise would be distributed for that urban renewal plan, or that has been returned by the agency for the plan under ORS 457.450(3); and
(d) If a special levy for that plan was combined with special levies for other plans of the same agency and tax had been imposed through one special levy rate, allocate and distribute special levy collections for that plan as follows:
(A) Prepare a schedule to allocate the combined special levy collections for the plans that continue to receive distributions and the plan that will no longer receive distributions. Using the last tax roll on which that plan's special levy was combined with other special levies of the agency, determine the allocation percentage for that plan by dividing that plan's portion of the combined special levy amount by the total special levy amount for the agency. Apply this allocation percentage to allocate an amount for that plan from collections of special levy amounts for any years that the combined special levy included an amount for that plan.
(B) Distribute the special levy amount allocated for that plan to the taxing districts instead of to the urban renewal agency based on the schedule prepared under subsection (4)(b) of this rule. Distribute the remainder of the special levy moneys to the urban renewal agency. [Table & Examples not included. See ED. NOTE.]
(5) Nothing in this rule is intended to prevent the county from using a different allocation procedure if it results in the same distribution to the taxing districts.
[ED. NOTE: Table referenced are available from the agency.]
Stat. Auth.: ORS 305.100

Stats. Implemented: ORS 457.450

Hist.: REV 6-2001, f. & cert. ef. 12-31-01; REV 9-2006, f. 12-27-06, cert. ef. 1-1-07
150-457.450(1)
Notice of Plan Adoption or Area Change
An urban renewal agency's notice to the assessor of a plan adoption or amendment to a plan area must provide the following information:
(1) A legal description of the plan area boundary, or the boundary of the amended area of the plan, that includes the information required by ORS 308.225(2)(b);
(2) An accurate map showing the boundary line of the plan area or the boundary of the amended area of the plan;
(3) The date the plan or plan amendment was approved; and
(4) The name of the plan area.
Stat. Auth.: ORS 305.100.

Stats. Implemented: ORS 457.450(1).

Hist.: REV 2-2005, f. 6-27-05, cert. ef 6-30-05



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