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Redmond agency amends downtown urban renewal plan to finalize sale of 9‑unit infill housing parcel
Summary
The Redmond Urban Renewal Agency adopted Resolution 20 25‑02 to remove tax lot 151309DA02100 (470 NW Fir) from the list of acquired properties and confirmed deed transfer to the developer, Timber Gone, Inc.; staff said the 9‑unit project includes three deed‑restricted affordable units and used incentives equal to roughly 16% of final project value.
The Redmond Urban Renewal Agency on June 10 adopted a resolution formally amending the Redmond Downtown Urban Renewal Plan to document disposal of a property acquired for housing development at 470 Northwest Fir.
Chuck Arnold, renewal program manager, and urban renewal staff recounted that the agency approved acquisition of the parcel in 2022 to enable an infill housing project. Staff said the completed development is a nine‑unit project, three of which are deed‑restricted as affordable housing and are expected to be fully leased by the end of the month. "It was a really successful process," staff said, noting the project is now built on what had been a vacant parcel.
Staff described the incentive package the agency approved at project outset: the value of the land (recorded at $230,000) and waivers or payments of system development and permitting fees of up to $225,000. Staff reported that actual system development charge (SDC) costs were about $45,000 lower than anticipated, leaving funds retained in the property assistance program for other community projects. The final project value was described as approximately $2,600,000, which staff said makes the urban renewal incentive about 16% of total project cost.
When asked who now owns the property, staff identified the developer as Timber Gone, Inc. One board member disclosed a conflict, stating, "Timber Gone is a client of mine, so I'm just gonna abstain from this," and stepped aside from the vote. Unidentified Speaker 5 moved to adopt Resolution 20 25‑02 to remove tax lot number 151309DA02100 from the list of properties acquired; the motion was seconded and carried by voice vote with ayes and at least one abstention recorded.
Agency staff characterized the amendment as a routine, administrative step to document disposition of the asset and to allow urban renewal program funds retained from lower‑than‑expected SDCs to be used on other projects. The board did not direct additional follow‑up actions related to this parcel at the meeting.
The resolution vote followed approval of the consent agenda earlier in the meeting, which included the minutes of June 10 and an amendment to a memorandum of understanding with Deschutes County to remove a ballot box from the Centennial parking lot.
