Roads End Improvement Association
Roads End/Villages Urban Renewal Plan
August 2020
On Monday August 10, the Lincoln City City Council voted to approve the adoption of the Roads End/Villages at Cascade Head Urban Renewal (Tax Increment Finance) Area Plan. Urban renewal is a program authorized under state law and implemented locally that allows for the concentrated use of property tax revenues to upgrade certain designated areas of a city or county. It is not a new tax or an increase in taxes. This action by the City Council concludes the community meetings on the Plan at this time.
Next Steps:
The deferral of tax revenues for the new Roads End/Villages Plan will begin in 2021. You will not see an increase in your property taxes, but will continue to see a line item on your property tax bill for the Urban Renewal Agency. These deferred dollars will be collected until such time there are sufficient funds to begin a community visioning process of what specific projects will be completed with these funds and in what order. The process to collect sufficient funds may take from 5-10 years, depending on how much is collected and how quickly. If there are new homes built in the Villages, for example, there will be new property tax revenue to draw from which would make the accumulation of Urban Renewal dollars happen more quickly. But according to City officials, it is likely no community visioning will happen for at least 5 years, and likely up to 10. At that time, City officials and residents/property owners will revisit the priorities for projects identified in 2019-2020 to determine which are still relevant and are the best use of Urban Renewal Plan funds. It is critical that the public, and Roads End residents and property owners in particular are actively engaged in this process to ensure neighborhood needs are met. It should be noted that this Urban Renewal Plan has an overall life of 27 years. In other words, funds will be deferred and projects completed over that time period.
For more information you can look here.
Alison Robertson will be giving us an update on the Urban Renewal process on November 9, 2024. As an example of hoe community involvement plays a critical role, she provided several documents that outline the process in Cutler City. You can see the documents here.