1. Urban Renewal and Tax Increment Financing

2. Urban Renewal Plan
Amended

3. How does Urban Renewal Work?
A renewal area boundary is established
The assessed value of all property in the boundary is established
That total assessed value becomes the “frozen base” of value for the area
Taxes collected in the frozen base continue to go to all taxing jurisdictions (City, county etc.)
As growth occurs, the increment of increase goes to the renewal district (3% maximum increase allowed by Measure 50, plus taxes from new construction)

4. Tax Base
Value
Time

5. TIF Theory
Base Year
Plan Retired

6. TIF Theory
Frozen Tax Base
Base Year
Plan Retired

7. TIF Theory
Tax Increment
Frozen Tax Base
Base Year
Plan Retired

8. Area Property Value Increase
TIF Theory
Area Property Value Increase
Tax Increment
Frozen Tax Base
Base Year
Plan Retired

9. Area Property Value Increase
TIF Theory
Area Property Value Increase
New Tax Base
Tax Increment
Frozen Tax Base
Base Year
Plan Retired

10. The TIF Process Initiation - Determine feasibility Formulation
- Create redevelopment plan
Adoption
- Public hearing, legal approvals
Implementation
- Manage projects, finances
Termination
- Dissolve tax district

11. Map of Boundary Changes

12. 1999
2008

13. What did the Restructuring Accomplish?
Removed 116 acres of land from the plan boundary to the north
Added 162 acres to the south, bringing the downtown and South Umpqua waterfront area near downtown into the urban renewal plan area
Added additional projects to be carried out under the plan
Changed maximum indebtedness of the Plan from $30M to $77M.
Extends Plan duration five years to year 2020.

15. Urban Renewal General Fund Statement of Resources and Expenditures

16. Urban Renewal Capital Fund Statement of Resources and Expenditures

17. Urban Renewal Plan Examples of major projects funded include:
Stewart Parkway Bridge over I-5
Construction of Edenbower Blvd – Rennan to Stewart Parkway
Walnut/Ward/Chestnut Improvements
Acquisition around Sweetbriar
Grant match for $M of airport grants
Douglas Avenue Redevelopment
Downtown Streetscapes
Public Safety Center

18. Possible Projects in next 10 years
Infrastructure Projects – about $5.4M
Edenbower and Stewart Parkway; intersection reconfiguration and widening
Add a right-turn lane on to Garden Valley, going north on Stewart Parkway
Add landscaping at Garden Valley and Stewart Parkway
Add a left-turn lane off Stephens to Douglas; provide $300,000 match for ODOT project
Add a traffic signal at Chestnut and Stephens
Douglas Ave. and Jackson; signalization improvements
Douglas Ave. reconstruction project; Stephens to Chadwick
Traffic signal fourth leg; Stewart Parkway and Mall entrance

19. Projects (continued)
West Avenue Redevelopment Area – about $3.4 million
Conduct planning study for the redevelopment/development of the area
Assemble properties for redevelopment by the private sector
Construct street, sidewalk, street light, storm drainage, and other infrastructure development identified in the redevelopment plan

20. Projects (continued) Downtown Projects – about $4.7M
Completed Projects:
Douglas Ave (Stephens to Chadwick)
Street name signs unique to downtown
Jackson, Stephens lighting improvements
Main Street utility undergrounding feasibility
Rose, Cass two-way traffic
All-way stop control at intersections
Clean sidewalks regularly
New slurry coat on all streets
Revise zoning to encourage activity
Develop sign guidelines
Entry signage
Hire downtown manager (0.25)
Develop downtown logo

21. Projects (continued) Waterfront Redevelopment – about $4M
Enhance South Umpqua Riverfront near Downtown
Administration/Miscellaneous – $2M
Staffing and project implementation
Local grant match
Economic development projects at Roseburg Airport

22. Present

23. Downtown UR Projects Douglas Avenue Improvement
Before
After

24. Downtown UR Projects SE Stephens Improvements
Before
After

25. Downtown UR Projects Jackson Street Entrance Sign& Jackson Street Lighting

26. Streetscape Examples

27. COMPLETED FACILITY
OCTOBER 2009

28. COMPLETED FACILITY
OCTOBER 2009