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Urban Renewal board signs MOU to pursue redevelopment of Northwest Rubber site with housing partner
Summary
The Urban Renewal Agency authorized a short MOU with Guardian Real Estate Services and the Housing Authority of Yamhill County to negotiate redevelopment of the 3.5‑acre Northwest Rubber site; staff said Guardian proposed purchasing the property for $4.7 million and building 171 units with a mix of affordable units and parking that exceeds affordable‑housing code minimums.
The McMinnville Urban Renewal Agency voted unanimously to authorize a memorandum of understanding to negotiate redevelopment of the Northwest Rubber property, a 3.5‑acre urban‑renewal site the city purchased in 2023.
Community Development Director Heather Richards summarized the RFQ process and said the city received eight proposals, shortlisted three and invited interviews. After negotiations with earlier…
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