Bend City Council Resolution Gets the Ball Rolling on UGBExpansion
On May 2, the Bend City Council approved a resolution setting priorities for the implementation of the city’s urban growth boundary (UGB) expansion plan. The resolution includes an area plan for the elbow, with planning to begin this summer and anticipated conclusion in winter 2020. Redevelopment and the creation of an urban renewal plan was approved for opportunity areas, including the Bend Central District, East Downtown, Inner Highway 20/Greenwood and KorPine. Council is continuing to consider funding to extend Empire Avenue and completeMurphy Road, and is expected to make a decision at its June 6th meeting.
Central Oregon Cities Receive Opportunity Zone Designations
On March 14, COAR recommended various opportunity zones in Central Oregon cities to Business Oregon, the state’s economic development agency. Several of these areas were successful in their bids for the designation, including Bend, Prineville, Redmond, Madras and Warm Springs. Three census tracts in Bend were selected – areas that include the Old Mill, the Central District and East Bend. Opportunity zones represent a policy that came out of the federal tax bill. Through this policy, certain low income census tracts can be designated as Opportunity Zones, allowing investment of taxable capital gains income directly into businesses, property, or land development in these tracts. The invested capital gains would have their federal tax bill deferred during the investment period and depending on the length of investment, could see the total bill decrease. Click the link below to view the list of cities/tracts that made the cut.
Bend Community Development Department Performance Dashboard
In our "did you know?" feature, we highlight a key piece of information you may not have been aware of. For this installment, did you know that the City of Bend’s Community Development Department maintains an online performance dashboard? This resource provides a glimpse into what’s happening in the city’s CDD, and includes information on volume, wait times, and major projects.
On May 3, COAR’s Government Affairs Director, Tyler Neese, held a class on theTax Cuts and Jobs Act and its implications for real estate. Handouts and resources from the presentation are available online – click the link below to download the materials.
More than 10 years ago, Oregonians passed a constitutional amendment requiring any tax increase be approved by a supermajority of both the State House and State Senate. Now, the controlling party in the state legislature is creating and increasing "assessments" and "fees" in order to increase taxes with a simple majority. Fees, assessments, penalties. Let’s call these increases what they are – taxes, and taxes require a supermajority in both chambers. The “A Tax is a Tax Amendment” will put an end to this trickery; clarifying that a supermajority of both the State House and State Senate will be required to raise revenue. Click the link below to read the proposed amendment and learn how you can sign the petition to help end easy tax hikes!
As a reminder, the City of Bend has specific requirements for the size of real estate signs. The sign area cannot exceed six square feet in residential zones. It is also important to note that hangers, containers for flyers, etc. are counted as part of the sign size. So, be sure to check your sign and materials to ensure you’re in compliance. Also, remember to be reasonable with the number of open house signs you use for a listing. While there is no maximum number in the city’s code, code enforcement staff have advised that the number of signs must be reasonable/only what is necessary to direct someone to the property. To download COAR’s sign code FAQ for Bend and all other Central Oregon cities: (1.) login to COAR.com , (2.) hold your mouse cursor over “Government Affairs”, and (3.) click on “Tools and Resources.”
NAR Weighs in on CFPB CIDs
The Bureau of Consumer Financial Protection (CFPB) has issued a series of Requests for Information (RFIs) on various practices in order to assess the efficiency and effectiveness of the Bureau. NAR recently submitted comments on the first in the series focused on Consumer Investigative Demands (CIDs) and associated processes used by the Bureau to gather facts during an investigation to pursue potential violations of Federal consumer financial laws.
Have an issue that you feel we should be monitoring or taking action on? Are you interested in getting involved in COAR's government affairs efforts? Contact COAR's Government Affairs Director, Tyler Neese, at email@example.com or 541-382-6027.