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Estacada to study new urban renewal district; council asks staff for wrap‑up and feasibility work
Summary
After a presentation on tax‑increment financing and urban renewal tools, council reached consensus to direct staff to compile a report on the expiring district and to start a feasibility study and technical advisory committee to examine a new urban renewal area.
The Estacada City Council agreed to move forward with staff and consultant work to assess whether to pursue a new urban renewal district and to document the results of the city’s existing urban renewal program.
John Licarza delivered a detailed presentation explaining how urban renewal (tax‑increment financing) works, the 25 percent assessed‑value/acreage limits in Oregon, common projects funded by districts and how incremental funds can be bonded to pay…
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