For the purpose of this subchapter, the following definitions shall apply unless the context clearly indicates or requires a different meaning.
Economic Improvement means:
1. The planning or management of development or improvement activities;
2. Landscaping, maintenance and provision of security for public areas;
3. The promotion of commercial activity or public events;
4. The conduct of activities in support of business recruitment and development;
5. The provision of improvements in parking systems or parking enforcement; and/or
6. Any other economic improvement activity that specially benefits property.
Economic Improvement Plan means a plan prepared by the property owners or tenants within the proposed district or their designees setting out:
1. A description of economic improve- ments proposed to be carried out;
2. The number of years, to a maximum of 5, in which assessments are proposed to be levied;
3. A preliminary estimate of annual cost of the proposed economic improvements;
4. The proposed boundaries, designated by map or perimeter description of an economic improvement district, within which subject properties would be assessed to finance the cost of the economic improvement;
5. The proposed formula for assessing the cost of economic improvements against subject properties, which formula may be either an assessment based on the assessed value of the property involved or a business license fee on any business, trade, occupation or profession carried on or practiced in the economic improvement district, or both the assessment and business license fee;
6. A statement whether the property assessment will be a voluntary assessment or mandatory assessment; and
a. If voluntary, that the scope and level of improvements could be reduced depending on the amount of money collected; or
b. If mandatory, that the assessment may be considered a tax under the Oregon Constitution, Article XI, Section 11(b) and may be reduced to fit within the property tax limitation, thereby affecting the level and scope of services described.
(Am. Ord. 984, passed 2-18-1998)
Exempt Property means residential real property and any portion of a structure used for residential purposes and, in addition, those properties exempt from general property taxation under state law.
Owner means the owner of the title to real property or the contract purchaser of record, as shown on the last available complete assessment roll in the office of the County Assessor.
Subject Property means the real property within the economic improvement district except for exempt property.
(Ord. 982, passed 1-7-1997)