1. FINANCIAL SUSTAINABILITY AND THE FUTURE OF THE GRESHAM REDEVELOPMENT COMMISSION AND ROCKWOOD-WEST GRESHAM RENEWAL PLAN (45 MINUTES)
This item will decide whether to allow the Rockwood-West Gresham Renewal Plan (Plan) for the Rockwood-West Gresham Urban Renewal Area (URA) to expire in 2023 according to the Plan or whether to extend the duration of the Plan from 2023 to 2029 in order to utilize the maximum indebtedness borrowing capacity of $92 million dollars allowed for in the Plan and recommend that the Gresham City Council refer to the Gresham electorate in May 2022 an ordinance on extending the Plan.
1. FINANCIAL SUSTAINABILITY AND THE FUTURE OF THE GRESHAM REDEVELOPMENT COMMISSION AND ROCKWOOD-WEST GRESHAM RENEWAL PLAN (45 MINUTES)
This item will decide whether to allow the Rockwood-West Gresham Renewal Plan (Plan) for the Rockwood-West Gresham Urban Renewal Area (URA) to expire in 2023 according to the Plan or whether to extend the duration of the Plan from 2023 to 2029 in order to utilize the maximum indebtedness borrowing capacity of $92 million dollars allowed for in the Plan and recommend that the Gresham City Council refer to the Gresham electorate in May 2022 an ordinance on extending the Plan.
