(1) Following vertical housing development zone designation under ORS 307.847, if the Housing and Community Services Department receives a request to terminate a vertical housing development zone from the applicant for zone designation under ORS 307.844, the department shall terminate the zone.
(2) The termination of a zone under this section does not affect the exemption of any property from tax under ORS 307.864 if an application for the exemption was approved prior to the zone termination. [Formerly 285C.480]
Section: Previous 307.830 307.831 307.835 307.840 307.841 307.844 307.847 307.850 307.851 307.854 307.857 307.861 307.864 307.867 307.990 NextLast modified: August 7, 2008