Urban Renewal Agency

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Troutdale’s Urban Renewal Agency was established on January 24, 2006 with the creation of Troutdale's first and only urban renewal district. The City adopted the Troutdale Riverfront Renewal Plan to eliminate blight and foster development and redevelopment in the Plan Area. The City also established the Troutdale Urban Renewal Agency to implement and manage that plan. The site is currently known as The Confluence at Troutdale.

The Agency is a distinct legal entity that is separate from the municipality of the City of Troutdale. The City Council serves as the Urban Renewal Agency Board of Directors and the City Manager serves as the Executive Director of the Urban Renewal Agency.

The goals and objectives of the Troutdale Riverfront Renewal Plan are to:

• Promote the Redevelopment of the Area for a Mix of Retail, Office, Residential and Public Uses.
• Provide a Greater Level of Goods and Services for Troutdale.
• Increase the Awareness of the Development Community of the Opportunities Within the Area.
• Create Employment Opportunities for Troutdale Residents.
• Improve Transportation Linkages.
• Improve Access to and Enjoyment of the Sandy Riverfront.
• Provide Public Spaces for Events and Other Uses by Troutdale Residents, Patrons of Area Businesses and Tenants and Residents Within the Area.
• Preserve and Enhance Troutdale’s Natural, Cultural and Historic Resources.

Budget

The Urban Renewal Agency operates on a Fiscal Year beginning July 1 each year which concludes on the following June 30 each year. The Urban Renewal Agency Budget Committee meets in April each year to consider and approve a proposed budget, which they then forward to the Urban Renewal Agency Board of Directors for their consideration and adoption in mid-June.

• Adopted URA Budget FY 2023-2024
• Adopted URA Budget FY 2022-2023
• Adopted URA Budget FY 2021-2022
• Adopted URA  Budget FY 2020-2021
• Adopted URA Budget FY 2019-2020
• Adopted URA Budget FY 2018-2019

Click here to view video presentations for Budget Committee Meeting materials for FY 2020-21.

Audit

The Annual Financial Report is the Urban Renewal Agency's presentation of its financial statements for external reporting purposes, and facilitates the monitoring and accountability responsibilities of the Urban Renewal Agency for oversight of the Agency’s fiscal affairs. The Report of Independent Certified Public Accountants is included in the report.

• URA Annual Financial Report 2021-22
• URA Annual Financial Report 2020-21
• URA Annual Financial Report 2019-20
• URA Annual Financial Report 2018-19

Financial Impact Report

Urban Renewal Agencies must prepare an annual financial impact report of carrying out the urban renewal plan for the governing body of the municipality by January 31 of each year, for the preceding fiscal year, in accordance with Oregon Revised Statutes 457.460. The report below fulfills the requirements.

• URA Annual Financial Impact Report 2021-22
• URA Annual Financial Impact Report 2020-21
• URA Annual Financial Impact Report 2019-20 
• URA Annual Financial Impact Report 2018-19