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McMinnville Urban Renewal Board adopts annual financial report; members debate reallocating funds from Alpine Avenue
Summary
The Urban Renewal Agency adopted its FY2025 annual financial report and discussed prioritizing downtown infrastructure versus Alpine Avenue phase 2; staff said reallocating budgeted urban renewal dollars would require a major amendment to the plan.
The McMinnville Urban Renewal Agency on the evening agenda adopted its annual financial report for the fiscal year ending June 30, 2025, and heard extended discussion about whether to shift money from planned new construction toward repair of existing downtown infrastructure.
Heather Richards, director presenting the report, laid out the agency's goals and project history and said the district has collected "about $4,100,000 in property tax revenue" through the 2025 fiscal year while noting that annual increment collections (about $684,000) remain below the earlier feasibility estimate of roughly $1.2 million.
The shortfall, Richards…
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