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New Urban Renewal Phased Implementation
Background
Beginning in December 2018, the City of Tualatin began a multi-phased process to work towards community revitalization and development of financing tools – beginning with the Tualatin 2040 Project.
Foundation
Beginning in December 2018, the City began the Tualatin|2040 initiative with the intent of providing a needs analysis for economic and residential short and long-term development, along with a code modernization effort.
Phase 1: Education Series.
The three-part Education Series provided an overview of urban renewal and tax increment financing; the history of Tualatin’s urban renewal areas, and how to close down an urban renewal area; what to do with the remaining assets of Central Urban Renewal District and Leveton Tax Increment Finance District; and to explore the feasibility of new districts based on Council-identified community and economic development goals.
Phase 2: Urban Renewal Area Official Closure.
In January 2020, the City Council and Tualatin Development Commission completed the closure of the Central Urban Renewal District (CURD), transferred remaining assets to the City of Tualatin, and adopted the final report on CURD.
Phase 3: Technical Study of the Feasibility of Urban Renewal Areas.
On September 28, 2020, the City Council approved the feasibility studies for the proposed areas of District 1 and District 2 and directed staff to present a project timeline for implementation of these districts.
Phase 4: Leveton Projects and District 1 Plan Development
Beginning in November 2020, the Tualatin Development Commission began the Leveton Plan Amendment Process and the District 1 Plan Development. The Leveton Plan Amendment will include in the Leveton Tax Increment District Plan identified projects for the remaining $3.7 million of tax increment financing. The District 1 Plan Development Process will focus on establishing the identified urban renewal area as identified in the recently adopted District 1.
Phase 4: District 2 Visioning Process
Beginning in March 2021, the Tualatin Development Commission will begin the preliminary visioning process to guide the framework development for the District 2 Plan Development.
