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Council invited to join study of expanded urban renewal district after staff report shows 65% assessed‑value growth
Summary
Staff presented an assessment of Estacada's urban renewal area and asked council volunteers to form a small committee to study new boundary options. The report showed an increase in assessed value inside the district since 2007 and recommended outreach and project planning.
City economic development staff presented an assessment of Estacada's urban renewal district on June 23 and asked the council to appoint two or three members to a working group to study a possible boundary expansion and future projects.
The presenter described the city’s original urban renewal creation about 18 years ago with a baseline assessed value (2007) of roughly $47.5 million and a current assessed value of about $78.6 million — an increase staff characterized in the meeting as roughly 65 percent. That increase, staff said, reflects investments funded in part by urban renewal, including nearly $2 million in downtown infrastructure…
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