As used in ORS 465.600 to 465.621: (1) “Authority” means any public land bank authority created pursuant to ORS 465.600 to 465.621. (2) “Brownfield” has the meaning given that term in ORS 285A.185. (3) “Local government” means a local government as defined in ORS 174.116 or a intergovernmental entity created under an intergovernmental agreement between […]
(1) A local government may, upon its own motion, consider whether it is advisable to create an authority for the purpose of acquiring, rehabilitating, redeveloping, reutilizing or restoring brownfield properties that are located within the geographic boundaries over which the local government has jurisdiction. (2) If the local government, after public hearing according to the […]
(1) An authority shall be managed and controlled by a board of directors. The initial board of directors shall be appointed by the local government that created the authority. Subsequent directors shall be appointed as provided in this section and the rules adopted by the authority. (2) The regular term of a member of the […]
(1) An authority shall have all powers necessary to accomplish the purposes of acquiring, rehabilitating, redeveloping, reutilizing or restoring brownfield properties, including without limitation the power to: (a) Sue and be sued, plead and be impleaded in all actions, suits or proceedings brought by or against the authority. (b) Acquire, hold, use, enjoy and convey, […]
(1) Except as provided in subsection (2) of this section, the debts, obligations and other liabilities of an authority are not a general or other obligation or liability of the local government that created the authority. (2) A local government may incur debt, including the issuance of bonds under any bonding authority available to the […]
(1) Except as provided in subsection (2) of this section, an authority, all assets owned by the authority, the income from those assets, and all bonds issued by the authority, together with the coupons applicable to those bonds and the income from the bonds, shall be exempt from all taxation in the State of Oregon. […]
(1) An authority shall keep a record of the authority’s remedial action costs. (2) Notwithstanding any law to the contrary, an authority may, based on the record compiled by the authority under subsection (1) of this section, bring an action to recover from a person liable under ORS 465.255 or 465.260 the amount of the […]
(1) Dissolution of an authority may be initiated: (a) By resolution of the board of directors of the authority, filed with the local government that created the authority, if the board determines that dissolution of the authority is in the best interest of the community served by the authority; or (b) By resolution of the […]
