HomeMy WebLinkAboutBend Airport Report (2)
DRAFT REPORT ACCOMPANYING
THE BEND MUNICIPAL AIRPORT
URBAN RENEWAL PLAN
Deschutes County
June 2008
TABLE OF CONTENTS
I. INTRODUCTION ......................................................................................................1
II. EXISTING PHYSICAL, SOCIAL AND ECONOMIC CONDITIONS AND IMPACT ON
MUNICIPAL SERVICES ...........................................................................................2
A. PHYSICAL CONDITIONS .....................................................................................2
B. INFRASTRUCTURE .............................................................................................6
C. SOCIAL CONDITIONS .........................................................................................8
D. ECONOMIC CONDITIONS ...................................................................................8
E. IMPACT ON SERVICES (MUNICIPAL AND COUNTY)........................................9
III. REASONS FOR SELECTION OF EACH URBAN RENEWAL AREA IN THE PLAN
................................................................................................................................10
IV. THE RELATIONSHIP BETWEEN URBAN RENEWAL PROJECTS AND THE
EXISTING CONDITIONS IN THE URBAN RENEWAL AREA ................................10
A. TAXIWAY AND RUNWAY IMPROVEMENTS.....................................................10
B. SAFETY IMPROVEMENTS ................................................................................11
C. DEVELOPMENT .................................................................................................13
D. PROPERTY ACQUISITION ................................................................................13
E. PLANNING ..........................................................................................................17
F. NON-AIRPORT PUBLIC SAFETY ......................................................................17
G. INFRASTRUCTURE IMPROVEMENTS .............................................................17
V. THE ESTIMATED TOTAL COST OF EACH PROJECT AND THE SOURCES OF
MONEYS TO PAY SUCH COSTS ..........................................................................18
VI. THE ANTICIPATED COMPLETION DATE FOR EACH PROJECT ........................21
VII. THE ESTIMATED AMOUNT OF TAX INCREMENT REVENUES REQUIRED AND
THE ANTICIPATED YEAR IN WHICH INDEBTEDNESS WILL BE RETIRED .......21
VIII. FINANCIAL ANALYSIS OF THE PLAN ..................................................................26
IX. IMPACT OF THE TAX INCREMENT FINANCING, BOTH UNTIL AND AFTER THE
INDEBTEDNESS IS REPAID, UPON ALL ENTITIES LEVYING TAXES UPON
PROPERTY IN THE URBAN RENEWAL AREA ....................................................28
X. RELOCATION REPORT.........................................................................................29
XI. COMPLIANCE WITH STATUTORY LIMITS ON ASSESSED VALUE AND SIZE OF
URBAN RENEWAL AREA ......................................................................................29
DRAFT REPORT ON PROPOSED
BEND MUNICIPAL AIRPORT URBANRENEWAL PLAN
I. INTRODUCTION
The Bend Municipal Airport Urban Renewal Report (the “Report”) contains background
information and project details for the Bend Municipal Airport Urban Renewal Plan (the
“Plan”). The Report is not a legal part of the Plan but is intended to provide public
information and a basis for the findings made by the County Commission as part of its
approval of the Plan.
The Report provides the information required in ORS 457.085(3). The format of the
Report is based on this statute.
Deschutes County 1 June 2008
DRAFT REPORT ON PROPOSED
BEND MUNICIPAL AIRPORT URBANRENEWAL PLAN
II. EXISTING PHYSICAL, SOCIALAND ECONOMIC CONDITIONS AND IMPACT
ON MUNICIPAL SERVICES
This section of the Report describes existing conditions within the Bend Municipal Airport
Urban Renewal Area (the “Area”), documenting the occurrence of “blighted areas” as
defined by ORS 457.010(1).
A. Physical Conditions
1. Land Use
The Area, shown in Figure 1 below, contains approximately 526.44 acres,
22.63 of which are right of way. It includes fifteen individual tax accounts with
the following use classifications as determined by the County assessor:
Vacant, Improved Land Receiving Farm Use Value (FUV): Exclusive Farm
Use (EFU) zone, Industrial Improvement, Condominiums: Leased Land
(hangars) and State Appraised Accounts.
An analysis of property classification data from Deschutes County’s 2007-08
Assessment and Taxation database was used to determine the land use
designation of parcels in the Area. The largest portion (74.70 percent) of the
Area is classified as Industrial Improvement and is some type of Airport use.
Table 1. Existing Land Use of Proposed Area (FY 2007-2008)
Land Use Parcels
% of Total
Acres (Acres)
Vacant 2 78.50 15.58%
Improved Land Receiving Farm
Use Value: EFU zone 2 34.32 6.81%
Industrial Improvement 4 376.34 74.70%
Condominiums: Leased Land
(hangars) 9 .34 .07%
State Appraised Accounts 1 14.31 2.84%
Total 15 503.81 100%
Source: Bend GIS from Deschutes
County Assessor
Deschutes County 2 June 2008
DRAFT REPORT ON PROPOSED
BEND MUNICIPAL AIRPORT URBANRENEWAL PLAN
2. Zoning
As illustrated in Table 2 and Figure 1, 334.13 acres (66.32 percent) of the
Area are zoned for Airport uses. As shown on the Figure 2, some lots have
more than one specific airport zone. When comparing the actual land use
with the zoning, only 6.81% is classified as farm use by the assessor’s office,
while 33.68 percent is zoned as Exclusive Farm Use.
Table 2. Existing Zoning of Proposed Area
Zoning Parcels
% of Total
Acres (Acres)
Aviation Uses: multiple
categories 10 334.13 66.32%
Exclusive Farm Use 5 169.68 33.68%
Total 15 503.81 100.00%
Source: Bend GIS
Deschutes County 3 June 2008
DRAFT REPORT ON PROPOSED
BEND MUNICIPAL AIRPORT URBANRENEWAL PLAN
Figure 1. Urban Renewal Area Boundary
Deschutes County 4 June 2008
DRAFT REPORT ON PROPOSED
BEND MUNICIPAL AIRPORT URBANRENEWAL PLAN
Figure 2. Zoning/Comprehensive Plan Designations
Deschutes County 5 June 2008
DRAFT REPORT ON PROPOSED
BEND MUNICIPAL AIRPORT URBANRENEWAL PLAN
B. Infrastructure
1. Airport Facilities
The Airport currently has one taxiway which is in need of reconstruction.
The Airport requires an additional taxiway on the east side of the Airport to
support expansion of facilities on the east side. There is an existing 75
foot runway. The runway needs to be lengthened and widened and needs
additional weight bearing capacity to serve demand at the Airport. There
is no air traffic control tower. One of the current users of the Airport,
Cessna Aircraft has recently testified at the Bend City Council regarding
the need for an air traffic control tower. There is an existing compass rose
which does not meet certification standards and has deteriorated. There
is existing barb wire fencing along Powell Butte Highway which is both
unsightly and does not provide adequate security. The Airport
administrative office is in the current Fixed Base Operator (FBO) building.
The office is too small to serve the needs of the staff and there is no
conference room space. There is no maintenance facility operated by the
Airport. There are existing hangars, but the demand for hangar space
exceeds the supply of hangars.
2. Transportation
a) External Transportation System
The Bend Municipal Airport (the “Airport”) is served by Powell Butte
Highway. Powell Butte Highway is a two lane rural highway that
runs north-south along the western boundary of the airport. Powell
Butte Highway connects the Airport to Highway 20, the principal
access road to and from the Bend area. Butler Market Road
approaches the Airport from the west and intersects Powell Butte
Highway near the central terminal area. Nelson Road runs east
and west near the southern Airport property line.
b) Internal Transportation System
A frontage road paralleling Powell Butte Highway facilitates access
to the west side Airport facilities. There is an access road on the
eastside of the Airport, however, the property on the east side does
not have adequate access to facilitate full development. There is
no full perimeter road at the Airport.
The Airport provides transportation services to small aircraft entering
Deschutes County for both pleasure and business trips. The Airport is
identified as a Category 2, High Activity Business and General Aviation
airport by the Oregon Department of Aviation. It is the only Category 2
located east of the Cascade Mountains. There are over 200 aircraft based at
Deschutes County 6 June 2008
DRAFT REPORT ON PROPOSED
BEND MUNICIPAL AIRPORT URBANRENEWAL PLAN
the airport with over 42,000 estimated annual operations in 2007. More than
18 aviation-related businesses are located on the Airport, employing more
than 1000 people, making the Airport one of the largest concentrations of
family-wage jobs in the metropolitan Bend area. However, it is anticipated,
that future demand for general aviation facilities and aviation-related industrial
sites will exceed the capacity of the current Airport and the supply of serviced
industrial land.
3. Water, Sewer and Storm Drainage Facilities
The Airport’s water supply system contains three ground level storage
reservoirs with a total combined storage capacity of .41 million gallons.
Reservoirs 1 and 2 are located on the west side of the Airport adjacent to
the west side production facility. They are ground level concrete tanks
with a storage capacity of 77,500 gallons apiece. Reservoir 3 is located
on the east side of the Airport adjacent to the east side production facility.
It is a ground level tank with a storage capacity of 250,000 gallons.
The draft Airport Water Master Plan, yet to be adopted by the Bend City
Council, has identified inadequacies.
The Airport is connected to the Bend sanitary sewer system and the
wastewater treatment plant, located about one mile north of the airport.
Sanitary sewer service is provided along the entire west side of the airport
and a primary line was extended to the east side of the airport.
4. Parks and Open Space
There are no parks or open spaces in the Area.
5. Public Spaces
There are no public spaces other than the Airport in the Area.
6. Public Parking
There is public parking along the frontage road to the Airport. Approximately
25 paved parking spaces are located adjacent to the Fixed Base Operator
(the “FBO”)/Terminal building with additional unpaved spaces adjacent to the
frontage road. Approximately 100 new parking spaces have been added to
the north end of the airport in conjunction with hangar construction. Parking
has also been added in conjunction with hangar development at the south
end of the airport. Even with the addition of parking, existing parking facilities
are inadequate for serving current and future planned activity at the Airport.
7. Public Buildings
The public building in the Area is the FBO building, which provides office
space, a restaurant, flight training, and pilot services. (Hangars owned by
the City of Bend are leased to private entities for storage of aircraft and
Deschutes County 7 June 2008
DRAFT REPORT ON PROPOSED
BEND MUNICIPAL AIRPORT URBANRENEWAL PLAN
related aviation related office space and are not considered public
buildings). This building is integral to the operation of the Airport.
8. Fire Station
The fire station serving the Airport is Station 304 located at 62420 Hamby
Road. It was built in 2003 and is the newest station in the Bend area. The
Fire Department voices concern that this station may not be able to
adequately serve the airport when future development occurs. The Fire
Department also voices needs for an Emergency Services Facility.
C. Social Conditions
According to the Assessor’s data, the Area contains 5 residential
dwellings. However, the property owner states there are only three
residential dwellings. These are rental units and are all under one
ownership. Therefore social conditions are not a significant aspect of the
Area and are not examined in detail.
D. Economic Conditions
1. Taxable Value of Property within the Area
The estimated total assessed value of the Area in FY 07/08, including all
real, personal, personal manufactured and utility properties, is $7,453,493
or 0.05% of Deschutes County’s total assessed value of $15,823,948,426
this Fiscal Year.
2. Building to Land Value Ratio
An analysis of property values can be used to evaluate the economic
condition of real estate investments in a given area. The relationship of a
property’s improvement value (the value of buildings and other improvements
to the property) to its land value is generally an accurate indicator of the
condition of real estate investments. This relationship is referred to as the
“Improvement to Land Ratio” or “I:L”. The values used are real market
values. In urban renewal areas, the I:L may be used to measure the intensity
of development or the extent to which an area has achieved its short- and
long-term development objectives. The I:L ratio for fully developed industrial
property has a very wide range because of the value of machinery and
equipment.
Table 3 below, “Improvement to Land Ratio,” shows the improvement to
land ratios for properties within the study area.
Deschutes County 8 June 2008
DRAFT REPORT ON PROPOSED
BEND MUNICIPAL AIRPORT URBANRENEWAL PLAN
Table 3. I:L Ratio of Parcels in Proposed Area
I:L Ratio Parcels
% of Total
Acres Acerage
No
Improvements 6 243.50 48.40%
0.0 – 10 3 245.32 48.76%
10 – 20 0 0%
20 – 30 0 0%
30 – 40 0 0%
>40 1 14.31 2.84%
Total 10 503.13 100.00%
Source: Deschutes County Assessor
No land value: leased property on 8 parcels: .68acres
allocated
The most relevant aspect of development in the Area is
that almost half the Area is undeveloped.
E. Impact on Services (Municipal and County)
The fiscal impact of tax increment financing on taxing districts that levy
taxes within the Area (“affected taxing districts”) is described in section IX
of this Report. This subsection discusses the fiscal impacts resulting from
potential increases in demand for municipal services.
Increases in industrial/aviation occupancies within the Area will generally
result in higher demand for fire, life safety and public safety services. The
increased occupancies within the Area will also increase the demand for
water, sewer and storm drainage services.
These impacts will be partially offset by the funding from the Plan for
improvements to the road system which assist providers of fire, life safety
and public safety services. Airport facilities improvements, including a Fire
Station, will provide incentives for developing sites which in turn will
provide employment opportunities for the citizens of Deschutes County.
This development will generate additional municipal revenues in fees and
property taxes.
Deschutes County 9 June 2008
DRAFT REPORT ON PROPOSED
BEND MUNICIPAL AIRPORT URBANRENEWAL PLAN
III. REASONS FOR SELECTION OF EACH URBAN RENEWAL AREA IN THE
PLAN
There is one urban renewal area in the Plan and it was selected to improve and
prevent the future occurrence of blighted areas as defined in ORS 457.010(1).
IV. THE RELATIONSHIP BETWEEN URBAN RENEWAL PROJECTS AND
THE EXISTING CONDITIONS IN THE URBAN RENEWAL AREA
This section describes the relationship between the urban renewal projects called
for in the Plan and conditions generally described in Section II of this Report and
more particularly described below.
A. Taxiway and Runway Improvements
1. Construct New Taxiway B.
Construct a 35 foot wide taxiway the length of the airport at the east side
of the airport. Lights would be a component of the taxiway.
Relationship to Existing Conditions
Airport facilities are inadequate in relationship to future activity.
2. Reconstruct Taxiway A
Reconstruction of the taxiway on the west side of the Airport. This
reconstruction includes widening the taxiway and adding appropriate
lighting and signage, and runup areas.
Relationship to Existing Conditions
Airport facilities are inadequate in relationship to future activity.
3. Widen Runway.
The existing runway will be widened as determined in the Airport Master
Plan update.
Relationship to Existing Conditions
Airport facilities are inadequate in relationship to future activity. The
runway is presently 75 feet wide and will not serve future activity.
4. Lengthen Runway.
The existing runway will be lengthened as determined in the Airport
Master Plan update.
Relationship to Existing Conditions
Deschutes County 10 June 2008
DRAFT REPORT ON PROPOSED
BEND MUNICIPAL AIRPORT URBANRENEWAL PLAN
Airport facilities are inadequate in relationship to future activity. The
present runway is 5200 feet. The Airport Master Plan update will include
specification of needed improvements to the runway.
5. Pavement Expansion (1).
The Westside north ramp will be expanded.
Relationship to Existing Conditions
The Westside north ramp is not presently paved and is inadequate for
serving existing and future activity.
6. Pavement Expansion (2).
The Westside south ramp will be expanded.
Relationship to Existing Conditions
The Westside south ramp is not presently paved and is inadequate for
serving existing and future activity.
7. Runway Upgrading.
The existing runway will have an additional 2 inches of asphalt to increase
weight bearing capacity above 30,000 pounds.
Relationship to Existing Conditions
The present runway has a weight bearing capacity of 15,000 pounds and
is inadequate for serving some existing and future activity. The Master
Plan update is anticipated to address the demand, timing, and cost. .
B. Safety Improvements
1. Air Traffic Control Tower.
Construct an air traffic control tower.
Relationship to Existing Conditions
Airport facilities are inadequate in relationship to future activity. There is
not currently an air traffic control tower.
2. Compass Rose.
Construct a roadway for compass calibration/ testing of aircraft.
Deschutes County 11 June 2008
DRAFT REPORT ON PROPOSED
BEND MUNICIPAL AIRPORT URBANRENEWAL PLAN
Relationship to Existing Conditions
The existing compass rose does not meet certification standards and has
deteriorated. The compass rose is inadequate in relationship to future
activity.
3. Fencing Improvements: Airport Frontage.
Security fencing along the airport frontage will be installed to protect both
the Airport facilities and private property but to also protect the safety of
the public and wildlife.
Relationship to Existing Conditions
The current frontage fencing is along Powell Butte Highway only. It is
barbwire. The fencing is inadequate in relationship to current and future
activity.
4. Fencing Improvements: Install perimeter fencing.
A perimeter security fence with gated openings will be installed to protect
both the airport facilities and private property but to also protect the safety
of the public and wildlife.
Relationship to Existing Conditions
There is currently no perimeter fencing, only the barb wire fencing along
the Powell Butte Highway frontage. The perimeter fencing is inadequate
in relationship to current and future activity.
5. Auto Parking Improvements.
Auto parking will be developed to meet increased demand and/or to
resolve potential safety hazards.
Relationship to Existing Conditions
The auto parking is insufficient to meet the current demands and is
unstructured. The auto parking is inadequate in relationship to future
activity.
6. Demolition of Existing Houses
After acquisition, the existing houses within the Area will be demolished.
Relationship to Existing Conditions
There are three homes within the existing 65dBA DNL noise contour.
Deschutes County 12 June 2008
DRAFT REPORT ON PROPOSED
BEND MUNICIPAL AIRPORT URBANRENEWAL PLAN
C. Development
1. Construct Airport Facilities Building: Administration,
Maintenance, Meeting/Conference room and Classroom.
Develop additional space for administrative offices, a maintenance facility,
a meeting/conference room and the community college has requested a
classroom.
Relationship to Existing Conditions
The airport management is currently housed in a small office in the FBO.
The management needs additional office space and space for meetings,
maintenance and classroom space. The existing facilities are inadequate
at this time and in relationship to future activity.
2. Construct Hangars for Airport to Own and Lease.
Develop additional hangar space to meet growing demand. The Airport
may construct those hangars for public ownership and to lease to private
individuals for an income source.
Relationship to Existing Conditions
The hangars which are owned by the Airport are fully leased. There is
additional demand for hangars. The supply of hangars will be inadequate
in relationship to future activity.
3. Expand Heliport/Helipad.
The existing heliport/helipad will be moved to another location on the
Airport where there will be more room for this growing use, and fewer
conflicts with fixed wing aircraft.
Relationship to Existing Conditions
The heliport/helipad is not currently large enough for the demand and
could be in a safer location. The heliport/helipad is inadequate in
relationship to current and future activity.
D. Property Acquisition
1. Purchase Property Inside 65 dBA DNL and 70 dBA DNL.
Parcels within the the 65 dBA DNL (4) and 70 (1) dBA DNL noise contours
will be purchased for Airport and aviation-related uses. Where part of a
parcel is within the contours, acquisition of the entire parcel is anticipated.
The homes on these properties may be demolished.
Relationship to Existing Conditions
Deschutes County 13 June 2008
DRAFT REPORT ON PROPOSED
BEND MUNICIPAL AIRPORT URBANRENEWAL PLAN
There are currently properties, including five homes, within these noise
contours. To reduce the impact of the airport on these uses, the
properties should be purchased. A noise contour map is included for
reference as Exhibit 3.
These parcels are identified by parcel # in Exhibit 4.
Figure 3. Noise Contour Map
Deschutes County 14 June 2008
DRAFT REPORT ON PROPOSED
BEND MUNICIPAL AIRPORT URBANRENEWAL PLAN
Figure 4. Property Ownership
Deschutes County 15 June 2008
DRAFT REPORT ON PROPOSED
BEND MUNICIPAL AIRPORT URBANRENEWAL PLAN
Deschutes County 16 June 2008
DRAFT REPORT ON PROPOSED
BEND MUNICIPAL AIRPORT URBANRENEWAL PLAN
E. Planning
1. Airport Master Plan.
The present Airport Master Plan was adopted in 1994. A Planning Update
was adopted in 2002. A new Master Plan will be undertaken that will
provide specifications for several of the projects included in the Plan.
Relationship to Existing Conditions
The Master Plan was updated in 2002. It is already outdated and in need
of updating. The demand for aviation space and uses is increasing at a
phenomenal rate, requiring updating of the Master Plan. The present
Master Plan is inadequate in relationship to current and future activity.
2. Administration of Urban Renewal Plan.
Staffing will be required to implement the projects in the urban renewal
plan.
Relationship to Existing Conditions
There is presently no urban renewal area, so no administration required.
F. Non-Airport Public Safety
1. Construct Fire Station
In cooperation with Rural Fire District # 2 a fire station in proximity to the
Airport will be developed to serve the increase of facilities at the Airport.
Relationship to Existing Conditions
The Airport is presently served by fire station 304 located at 62420 Hamby
Road. There is presently no fire station on the airport facility and fire and
life safety services will be inadequate with future development at the
Airport.
G. Infrastructure Improvements
1. Left Turn lane at Butler Market Road.
A left turn lane from Powell Butte Highway to Butler Market Road will be
constructed.
Relationship to Existing Conditions
The transportation analysis in the TSP calls for this additional capacity to
avoid congestion and improve safety. The existing conditions will be
inadequate with anticipated future development.
Deschutes County 17 June 2008
DRAFT REPORT ON PROPOSED
BEND MUNICIPAL AIRPORT URBANRENEWAL PLAN
2. Powell Butte Highway Road Improvements.
Improvements will be made to Powell Butte Highway as necessary for
Airport operations.
Relationship to Existing Conditions
Powell Butte Highway is presently a two lane road. Increased uses at the
Airport require upgrading of the road. The existing conditions will be
inadequate with anticipated future development.
V. THE ESTIMATED TOTAL COST OF EACH PROJECT AND THE SOURCES
OF MONEYS TO PAY SUCH COSTS
Table 5 below shows the estimated total cost of each project and the estimated
sources of funds to address such costs, with all figures in year of expenditure
dollars. This analysis is based on known projects at the time of preparation of the
Plan and does not include projects authorized by the Plan, but unknown at this
time.
Deschutes County 18 June 2008
DRAFT REPORT ON PROPOSED
BEND MUNICIPAL AIRPORT URBANRENEWAL PLAN
Table 5. Estimated Project Costs and URA Share of Costs
ESTIMATED
URBAN
PROJECT & ESTIMATED
DESCRIPTION COST
RENEWAL ESTIMATED
SHARE START DATE
Taxiway and Runway
Improvements
Engineering -
2008
Construction –
2009
Construct New Taxiway
B - Eastside of airport $5,400,000 $270,000
Reconstruct Taxiway A -
Westside of Airport
Spring/Summer
2010 $1,200,000 $60,000
Widen Runway 75 ft. to
100 ft. $5,000,000 $250,000 2015 *
Lengthen 5200 Ft.
Runway $8,000,000 $400,000 2020 *
Pavement Expansion -
Westside Expand North
Ramp
Spring/Summer
2009/10 $108,000 $5,400
Pavement Expansion -
Westside Expand South
Ramp
Spring/Summer
2010/11 $330,000 $16,500
Runway Upgrading: add
2" of asphalt $1,000,000 $1,000,000 2014 *
Safety Improvements
Air Traffic Control Tower $4,000,000 $200,000 2010
Spring/Summer
2009 Compass Rose $200,000 $10,000
Fencing Improvements -
Powell Butte Hwy
Spring/Summer
2011/12 $83,333 $4,167
Fencing Improvements -
Airport Frontage $100,000 $100,000 2010
Fencing Improvements -
Install perimeter fencing $250,000 $12,500 2011
Auto Parking
Improvements $50,000 $2,500 2009
Demolition of Existing
Houses $30,000 $30,000 2010
Deschutes County 19 June 2008
DRAFT REPORT ON PROPOSED
BEND MUNICIPAL AIRPORT URBANRENEWAL PLAN
Development
Construct Airport
Facilities Building:
Administration,
Maintenance,
Meeting/Conference
Room, and Classroom $400,000 $400,000 2011
Construct Hangars for
Airport to Own and
Lease $2,000,000 $2,000,000 2012
Expand Heliport/Helipad $66,000 $3,300 2013
Property Acquisition
Purchase property
around airport within 65
dBA DNL and higher $2,500,000 $1,075,000 2010
Planning
Spring/Summer
2008 Airport Master Plan $100,000 $100,000
Non-Airport - Public
Safety
Fire: Emergency
Services Facility $1,300,000 $845,000
Non-Airport
Infrastructure
Improvements
Road Improvement -
Powell Butte Hwy at
Butler Market $393,625 $196,813 2008
Other Road
Improvements - Powell
Butte Hwy $300,000 $300,000 2012
Contingency/
Admin @ 8.9% $718,820
Total $32,780,958 $9,700,000
Leverage of FAA dollars to TI dollars: On FAA participation, FAA will pay 95% of
the expected cost.
Deschutes County 20 June 2008
DRAFT REPORT ON PROPOSED
BEND MUNICIPAL AIRPORT URBANRENEWAL PLAN
Deschutes County 21 June 2008
VI. THE ANTICIPATED COMPLETION DATE FOR EACH PROJECT
Projects will be ongoing and accomplished in increments. Estimated timeframes for the
projects are shown in the Table 5 above. The anticipated completion date for each
project is the latest year in which expenditures for the project is shown.
VII. THE ESTIMATED AMOUNT OF TAX INCREMENT REVENUES
REQUIRED AND THE ANTICIPATED YEAR IN WHICH
INDEBTEDNESS WILL BE RETIRED
A total of $14,739,987 will be needed for payment of debt service on the
$9,700,000 in maximum indebtedness. Table 6 shows the yearly tax increment
revenues and their allocation to loan repayments, reimbursements, debt service
and debt service reserve funds. It is anticipated that all debt will be retired by the
end of FY 35/36.
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DRAFT REPORT ON PROPOSED
BEND MUNICIPAL AIRPORT URBANRENEWAL PLAN
IX. IMPACT OF THE TAX INCREMENT FINANCING, BOTH UNTIL AND
AFTER THE INDEBTEDNESS IS REPAID, UPON ALL ENTITIES
LEVYING TAXES UPON PROPERTY IN THE URBAN RENEWAL AREA
The impact of tax increment financing on overlapping taxing districts consists
primarily of the property tax revenues foregone on permanent rate levies as
applied to the growth in assessed value.
Although the tables below show impacts on the School District 1 and the
Educational Service District, under current school funding law, property tax
revenues are combined with State School Fund revenues to achieve per-student
funding targets. Under this system, property taxes foregone are replaced with
State School Fund revenues.
Table 8. Projected Impact on Taxing District Permanent Rate Levies During
Use of Tax Increment Financing
Present Value Revenues
Foregone, FY 09/10 - FY 35/36 Total
Average
Annual
FY 07/08
Avg.
Revs.
Foregone
as % of
Permanent FY 07/08
Rate Levy Levy
Deschutes Co 753,061 28,964 19,913,846 0.1%
County Library 324,011 12,462 8,568,110 0.1%
County Law Enforcement 559,656 21,525 14,799,463 0.1%
Rural Law Enforcement 824,756 31,721 7,209,301 0.4%
County Extension 13,196 508 348,956 0.1%
911 95,318 3,666 2,520,582 0.1%
Rural Fire Dist 2 846,318 32,551 2,544,286 1.3%
SD 1 2,806,586 107,946 52,240,483 0.2%
ESD 56,790 2,184 1,501,756 0.1%
COCC 365,485 14,057 9,664,828 0.1%
The average impact of foregone revenues as a percentage of the total permanent
rate levy of each taxing district is shown in Table 8 above.
Table 9 shows in the increase in permanent rate levy revenues that would occur
after termination of the tax increment financing in FY 2034. By FY 2043/44,
revenues added to the permanent rate levies would exceed the revenues
foregone during the use of tax increment financing.
Deschutes County 28 June 2008
DRAFT REPORT ON PROPOSED
BEND MUNICIPAL AIRPORT URBANRENEWAL PLAN
Table 9. Additional Revenues Obtained After Termination of Tax Increment
Financing
Present Value Revenues
Gained, FY 35/36 - FY 43/44
Deschutes Co $805,813
County Library $346,708
County Law Enforcement $598,860
Rural Law Enforcement $882,530
County Extension $14,120
911 $101,995
Rural Fire Dist 2 $905,602
SD 1 $3,003,188
ESD $60,769
COCC $391,087
X. RELOCATION REPORT
There are no businesses to be relocated. There is a potential for residential
relocation. As described in Section VII, the Plan authorizes the acquisition of
property by willing sellers only. Relocation benefits must be paid for any public
acquisition, whether the acquisition is voluntary or involuntary. Therefore, before
the Agency acquires any property, the Agency will adopt relocation regulations
that are consistent with applicable State and Federal law.
XI. COMPLIANCE WITH STATUTORY LIMITS ON ASSESSED VALUE AND SIZE
OF URBAN RENEWAL AREA
State law limits the percentage of both a municipality’s total assessed value and the
total land area that can be contained in an urban renewal area at the time of its
establishment to 15% for municipalities over 50,000 in population. As noted above, the
estimated total assessed value of the Area, including all real, personal, personal
manufactured and utility properties is $7,453,493. The total assessed value of
Deschutes County is $15,823,948,426 making .05% of the county’s assessed value in
urban renewal, well within the 15% statutory limitation. The estimated total acreage of
the Area is 526.44 acres. Deschutes County is 1,955,200 acres. Therefore, .03% of
the acreage in the County would be in an urban renewal area. This is also well below
the statutory limitation of 15%.
Deschutes County 29 June 2008
DRAFT REPORT ON PROPOSED
BEND MUNICIPAL AIRPORT URBANRENEWAL PLAN
Table 10. Assessed Value and Acreage Calculations
Urban Renewal Area Assessed Value Acres
Bend Municipal Airport 7,453,493 526
Deschutes County 15,823,948,426 1,955,200
Percent in Urban Renewal .05%.03%
Deschutes County 30 June 2008