(1) Prior to the establishment of a maximum amount of indebtedness for an urban renewal plan under ORS 457.190 and before an option is adopted under ORS 457.435, the urban renewal agency that is carrying out the plan shall meet with the governing bodies of the municipality that activated the urban renewal agency and other municipalities affected by the urban renewal plan and review the proposed maximum amount of indebtedness for the plan and the agency’s recommended option under ORS 457.435.
(2) After the meeting described in subsection (1) of this section, the governing bodies shall adopt resolutions in support of or opposition to the recommended option under ORS 457.435.
(3) If an affected municipality adopts a resolution in opposition to the recommended option, then the agency’s recommendations may be adopted only by the adoption of a separate resolution by the municipality that activated the urban renewal agency. [1997 c.541 §454a]Section: Previous 457.190 457.210 457.220 457.230 457.240 457.310 457.320 457.410 457.420 457.430 457.435 457.437 457.440 457.450 457.460 Next
Last modified: August 7, 2008