Terms Used In Oregon Statutes > Chapter 457 - Urban Renewal

• agency: means an urban renewal agency created under ORS § 457. See Oregon Statutes 457.010
• Appellate: About appeals; an appellate court has the power to review the judgement of another lower court or tribunal.
• authority: means any housing authority established pursuant to the Housing Authorities Law. See Oregon Statutes 457.010
• Blighted areas: means areas that, by reason of deterioration, faulty planning, inadequate or improper facilities, deleterious land use or the existence of unsafe structures, or any combination of these factors, are detrimental to the safety, health or welfare of the community. See Oregon Statutes 457.010
• Certified statement: means the statement prepared and filed pursuant to ORS § 457. See Oregon Statutes 457.010
• City: includes any incorporated village or town. See Oregon Statutes 174.100
• City: means any incorporated city. See Oregon Statutes 457.010
• Counterclaim: A claim that a defendant makes against a plaintiff.
• Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
• Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
• Existing urban renewal plan: means an urban renewal plan that provides for a division of ad valorem property taxes as described under ORS § 457. See Oregon Statutes 457.010
• Farm use: has the meaning given that term in ORS § 215. See Oregon Statutes 215.010
• Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
• Fiscal year: means the fiscal year commencing on July 1 and closing on June 30. See Oregon Statutes 457.010
• Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. ^{Source: OCC}
• Increment: means that part of the assessed value of a taxing district attributable to any increase in the assessed value of the property located in an urban renewal area, or portion thereof, over the assessed value specified in the certified statement. See Oregon Statutes 457.010
• Life estate: A property interest limited in duration to the life of the individual holding the interest (life tenant).
• local government: means all cities, counties and local service districts located in this state, and all administrative subdivisions of those cities, counties and local service districts. See Oregon Statutes 174.116
• Maximum indebtedness: means the amount of the principal of indebtedness included in a plan pursuant to ORS § 457. See Oregon Statutes 457.010
• Municipality: means any county or any city in this state. See Oregon Statutes 457.010
• Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
• Permanent rate plan: means an urban renewal plan that:

  (a) Was adopted on or after September 29, 2019; or

  (b) Was substantially amended as described in ORS § 457. See Oregon Statutes 457.010

• Plaintiff: The person who files the complaint in a civil lawsuit.
• plan: means a plan, as it exists or is changed or modified from time to time for one or more urban renewal areas, as provided in ORS § 457. See Oregon Statutes 457.010
• project: means any work or undertaking carried out under ORS § 457. See Oregon Statutes 457.010
• public body: means state government bodies, local government bodies and special government bodies. See Oregon Statutes 174.109
• Public building project: means an urban renewal project that includes a public building. See Oregon Statutes 457.010
• public notice: means any legal publication which requires an affidavit of publication as required in ORS § 193. See Oregon Statutes 174.104
• Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
• Reduced rate plan: means an urban renewal plan that:

  (a) Was adopted before December 6, 1996, is an existing urban renewal plan and was designated as an Option One plan under ORS § 457. See Oregon Statutes 457.010

• Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
• Standard rate plan: means an urban renewal plan that is not a permanent rate plan or reduced rate plan. See Oregon Statutes 457.010
• State Treasury: includes those financial assets the lawful custody of which are vested in the State Treasurer and the office of the State Treasurer relating to the custody of those financial assets. See Oregon Statutes 174.100
• Statute: A law passed by a legislature.
• Taxing district: means the state, city, county or any other unit of government that has the power to levy a tax. See Oregon Statutes 457.010
• Tenancy in common: A type of property ownership in which two or more individuals have an undivided interest in property. At the death of one tenant in common, his (her) fractional percentage of ownership in the property passes to the decedent
• Tract: means one or more contiguous lots or parcels under the same ownership. See Oregon Statutes 215.010
• Trial: A hearing that takes place when the defendant pleads "not guilty" and witnesses are required to come to court to give evidence.
• Urban renewal area: means a blighted area included in an urban renewal plan or an area included in an urban renewal plan under ORS § 457. See Oregon Statutes 457.010