Depoe Bay urban renewal agency moves to update bank signatories, schedules Feb. 18 work session

The Depoe Bay Urban Renewal Agency discussed a resolution to update its authorized bank signatories and nominated a new vice chair, and scheduled a work session for 5 p.m. Feb. 18 to review urban renewal priorities and remaining harbor revenue.

Agency members reviewed a draft of Resolution No. 26-25, described in the meeting packet as an amendment to bank signatures. The packet contained three lists of names; the agency agreed to remove the second list titled “authorized officers” (the section that would have authorized account-maintenance signatories) and to replace one name in the primary list so the vice chair’s name would read as Valerie Sauber.

The meeting record shows someone announced, without attribution, “I would nominate Valerie Sauber to be the vice chair.” A motion was then made to adopt Resolution No. 26-25 with the amendments as noted; the motion was seconded by Kathy Short. The transcript does not record a roll-call vote or final tally. Agency members indicated agreement and the chair directed staff to finalize the corrected document and circulate a soft copy for signature.

Members confirmed the agency’s bank accounts require dual signatures. Staff said they had sent an earlier draft to the bank and the bank rejected the language; staff removed the problematic sentence and presented the revised resolution. The amended draft removes a disputed paragraph that staff described as a “further resolved” clause that would have expanded authorization beyond the updated list of officers.

The agency also discussed near-term planning now that a harbor project is largely complete. Members said the project has left unspent revenue in the renewal budget, and the upcoming work session will be used to review priorities before the next budget adoption. At the Feb. 18 work session, members asked staff to provide last year’s urban renewal budget, a list of previously discussed priorities, and a breakdown showing whether adding four lots back into the urban renewal inventory would affect the agency’s tax-increment status.

Other operational items discussed included: visiting properties inside the Urban Renewal District to reassess goals; following up on a possible consultant to provide focused guidance (agency staff said a consultant has not yet been scheduled); and confirming the agency’s sunset date for tax-increment funds, noted by a speaker as “around 2029” (the speaker said they would double-check the precise year).

The meeting record indicates staff will make the textual updates to Resolution No. 26-25 and distribute the corrected version for signature. The agenda item was handled as an administrative action; the transcript does not capture a formal, recorded roll-call vote on the resolution.

The agency scheduled a work session for 5 p.m. on Feb. 18 to review urban renewal priorities and budget implications stemming from the completed harbor project.