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Yachats leaders warn urban renewal expiration could cut ~$600,000 from infrastructure budget
Summary
City Council President Nicole Hedlund said the city's 20-year urban renewal development plan will expire next year and has supplied "roughly about $600,000 a year" for infrastructure; city leaders plan to negotiate with county and state officials about an extension.
City Council President Nicole Hedlund told listeners the city’s nearly 20-year urban renewal development (URD) plan is scheduled to expire next year, a change she said will create “a big deficit in our budget for infrastructure and CIP projects.”
Hedlund described the URD as a reallocation of property-tax revenue—"your property tax rate stays the same if you're in the Urban Renewal district; it's just a reallocation of funds"—and said the city has been receiving "roughly about $600,000 a year" to support wastewater, water, street and storm-drain projects and to pay the south water-tank loan. She said the mayor, city manager and she will begin negotiating with county and state officials to explore extending the URD.
Hedlund framed the upcoming discussions as necessary to avoid a shortfall in funding for capital improvement projects. She did not offer a timetable for completion of any negotiations or a specific extension proposal; she also did not present a formal motion or vote during the meeting recap.
Next steps cited by Hedlund include the planned negotiations with county and state parties; any formal action or ordinance to extend or replace the URD was not presented in the transcript.
