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McMinnville Urban Renewal Agency approves annual financial report; board outlines Third Street and Alpine Avenue priorities
Summary
The McMinnville Urban Renewal Agency voted unanimously to adopt its annual financial report for FY ended 06/30/2024 and reviewed near‑term strategic priorities including the Third Street Improvement Project, Alpine Avenue phase 2 planning, the Northwest Rubber site and property assistance programs.
The McMinnville Urban Renewal Agency approved a resolution adopting its annual financial report for the fiscal year ending June 30, 2024, and reviewed strategic priorities and a proposed FY 2025–26 outlook.
Planning Director Heather Richards presented the state‑required report (per Oregon Revised Statute 457.46), which summarized increment revenues collected to date, project expenditures, maximum indebtedness and the agency’s forecast. Richards told the board the district has collected roughly $702,000 in increment in the most recent year and about $3.5 million cumulatively since the district began; the agency’s…
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