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Downtown Urban Renewal Area vote tonight

Post Date:01/18/2012
The Bend City Council is scheduled to vote tonight to terminate the Downtown Urban Renewal Area, reducing property tax rates by 27 cents per $1000 tax assessed value. City Councilors announced their intent to terminate the district last year when asking voters to approve a $30 million road improvement bond measure that would raise property taxes by the same 27 cents per $1000 tax assessed value. The bond was approved in May 2011, essentially making it tax-neutral.

The Downtown Urban Renewal Area was established in September 1989 to address redevelopment in downtown Bend. Projects have been completed and all the debt has been paid off. The plan raised more than $21 million and financed projects that included the downtown parking garage, Minnesota Avenue streetscape improvements, and a downtown building façade improvement program.
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