Or. Admin. R. 150-457-0410 - Notice to Assessor of Amounts to be Raised for Urban Renewal
(1) "Frozen value,"
"increment value," "increment value used" and "maximum authority" as used in
this rule have the same meanings as in OAR 150-457.440(9).
(2) The notice to the assessor required by
ORS 457.440(2) must
be made using Department of Revenue Form UR-50 Notice to Assessor.
(3) An urban renewal agency with an Option
One plan may request on Form UR-50:
(a) One
hundred percent of the amount available to the plan from division of tax under
ORS 457.440 plus, if the amount
estimated to be received from 457.440 is not sufficient to meet the budgeted
obligations of the plan, a special levy in any amount up to the remainder of
the plan's maximum authority, or
(b) An amount of increment value used that
the agency estimates will raise some lesser amount of division of tax, as
provided under ORS 457.455(1).
(4) If an agency with
an Option One plan requests one hundred percent of the division of tax under
subsection (3)(a) of this rule, a request for a special levy must state the
dollar amount to be raised or the percentage of the remainder of the plan's
maximum authority that the agency wants.
(5) If an urban renewal agency with an Option
One plan requests an amount of increment value used under subsection (3)(b) of
this rule, the plan may not request a special levy.
(6) An urban renewal agency with an Option
Three plan may request:
(a) The amount of
division of tax stated in the ordinance adopted under ORS
457.435 selecting Option Three,
plus a special levy; or
(b) An
amount of increment value used that the agency estimates will raise some lesser
amount of division of tax as provided under ORS
457.455(1),
plus a special levy.
(7) If an urban renewal agency with an Option
Three plan requests an amount of increment value used, under subsection (6)(b)
of this rule and a special levy:
(a) The
amount of special levy requested may not exceed the amount calculated by
subtracting the amount of division of tax stated in the ordinance adopted under
ORS 457.435 selecting Option Three
from the plan's maximum authority as limited by 457.435(3).
(b) The request for a special levy must state
the dollar amount to be raised or the percentage of the amount calculated in
subsection (7)(a) of this rule that the agency wants.
(8) An urban renewal agency with a plan other
than an Option One plan or an Option Three plan may request:
(a) One hundred percent of the amount
available to the plan from division of tax under ORS
457.440; or
(b) An amount of increment value used that
the agency estimates will raise some lesser amount of division of tax, as
provided under ORS 457.455(1) or
457.470.
(9) If an urban renewal agency requests a
permanent increase in the amount of frozen value in the certification filed by
the assessor under ORS
457.430, as provided in
457.455(2), the agency must notify the assessor of the new frozen value by
completing the portion of the Form UR-50 provided for that purpose, stating the
plan name and the new frozen value amount. The form must be submitted to the
assessor in accordance with OAR 150-457.430.
(10) If an urban renewal agency with an
Option One plan notifies the assessor to permanently increase the plan's frozen
value under section (9) of this rule, the plan may never again request a
special levy.
(11) If an agency
with an Option Three plan notifies the assessor to permanently increase the
plan's frozen value under section (9) of this rule, the formal action taken by
the agency to authorize the notice must not be in the form of an ordinance or
an amendment to the certified statement filed under ORS
457.430.
(12) If Portland Public School District
wishes to exclude from urban renewal division of tax for the current fiscal
year that portion of its permanent tax rate limitation by which that limitation
was increased upon retirement of the district's gap bonds, the district must
notify the assessors of each county in which division of tax is calculated
using the district's permanent rate. This notification must be submitted to the
assessors with Department of Revenue Form ED-50 Notice to Assessor and show
both the tax rate to be excluded from division of tax and the tax rate under
the district's permanent rate limitation that the district wishes to impose for
district operations. The maximum rate that can be excluded from division of tax
is $0.5038 per $1,000 of assessed value.
Notes
Forms referenced are available from the agency.
Stat. Auth.: ORS 305.100, ORS 457.470
Stats. Implemented: ORS 457.010, 457.440, 457.455, 457.470.
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