City of Beaverton

The Beaverton Urban Redevelopment Agency (BURA) Board meeting addressed concerns over the lack of activity in the downtown area and opportunities to incorporate venues for informal activities. The Creekside District Master Plan and Implementation Strategies were reviewed, including objectives, challenges, opportunities, goals, and implementation strategies. The meeting also included an update on urban renewal revenue, with a significant increase in tax revenues over previous years. The Board was updated on the proposed five-year action plan for the redevelopment area and reorganization changes in the Community Development Department.

The board reviewed two proposals for the Bank of Beaverton Building and selected the proposal from Lighting Bar Collective/ChefStable/Henry Point Development. The board discussed the potential for seismic retrofitting for resiliency, the weight put on the sale price of the proposals, the desire for more brunch options and outdoor seating, and the long-term effect of bringing more people to the area. The board also held an executive session to conduct deliberations on real property transactions.

The meeting addressed an application from Costco to establish City zoning on properties at SW 158th & Jenkins Road, requiring a decision on a discretionary annexation-related zoning map amendment. The proposed City zoning is Station Community-Multiple Use (SC-MU). No new development is proposed with this application. A motion was made and carried to approve the zoning map amendment based on the Staff Report.

The Beaverton Urban Redevelopment Agency Board meeting included discussions on urban renewal plan goals and objectives, as well as the urban renewal plan map. The board provided feedback on proposed goals, objectives, and the boundary for financial analysis. They reviewed various maps, including redevelopment opportunity sites, land value maps, and brownfield sites. The board also considered revisions to the goals and objectives, focusing on community values, property values, business support, redevelopment character, transportation, housing options, and community facilities.

The BURA Board meeting included discussions on the BURA Four-Year Forecast and Finance Plan, focusing on meeting plan goals and tailoring to BURA's needs. Advice from Orrick, the Bond Counsel, was sought regarding urban renewal funding resources. The proposed budget will be amended to create a fourth fund structure, the BURA Program Fund. The board also discussed the acquisition of vacant land at 12255 SW Broadway Street, including property assessment and cleanup. Updates were provided on the parking garage status, upcoming schedules, and parking management in the City. The board also moved into an executive session to discuss real property transactions.