Beaverton Urban Redevelopment Agency Board Meeting - February 24, 2026
Beaverton Urban Redevelopment Agency Board Meeting - February 24, 2026
This meeting of the Beaverton Urban Redevelopment Agency (Bureau) Board included an executive session, presentations, and votes on financial reports, garage leases, and a tenant moving assistance pilot program. The board also received the annual URAC report and an executive director's update.
Executive Session
- The board entered executive session per ORS 192.660(2)(e) to discuss real property negotiations. Upon return, a motion was made and seconded to authorize the executive director to sign a purchase and sale agreement with the Shirley A. Moore Trust for property at 12905 SW Beaver Dam Road. The motion passed 10-0-1 (one absent).
Discussion Items
- URAC 2025 Annual Report: Devin Baker, outgoing chair of the Urban Renewal Advisory Committee, presented a detailed overview of the committee's 2025 activities, including field trips, transportation planning, stormwater strategy, and discussions on housing, parking, and climate action. Board members thanked him for the report.
- Annual Financial Statement & Audit Report: Assistant Finance Director Susan Cole presented the fiscal year 2025 financial statement and the audited report (unqualified opinion from Baker Tilly). The maximum indebtedness remains $150 million, with $75 million incurred (53%). The board accepted the report with a unanimous vote (10-0-1).
- Beaverton Central Garage Leases: Economic Development Manager Mike presented two proposed leases:
- Kofi LLC (Suite 120): A 1,008 sq ft cold kitchen for Indian-style ice cream and frozen treats. Six-year lease with six-year renewal, $75,000 tenant improvement allowance. Board members expressed excitement about the tenant's proven concept and discussed foot traffic concerns. Resolution 2026-071 passed 10-0-1.
- Lumier Bakery LLC (Suite 110): A Vietnamese-French fusion bakery in 1,500 sq ft near the Reser. Ten-year lease with ten-year renewal, $316,220 tenant improvement allowance. Board noted the long-term commitment as a strong signal. Resolution 2026-072 passed 10-0-1.
- Tenant Moving Assistance Pilot Program: Janine Lambert presented a two-year pilot program offering voluntary financial assistance to Bureau tenants displaced by redevelopment. The program includes both commercial (up to $50,000 with estimates) and residential (up to $25,000, including down payment assistance) tiers. Discussion included concerns about the residential cap, documentation requirements, and potential for abuse. Board members debated the appropriate amount; some suggested lowering the residential cap. The motion to approve Bureau Bill 2026-11 passed 7-0-4 (four absent).
Key Outcomes
- Executive Session Action: Motion to authorize purchase and sale agreement for 12905 SW Beaver Dam Road passed 10-0-1.
- Financials: Unanimous acceptance of fiscal year 2025 financial statement and audit (10-0-1).
- Garage Leases: Both resolutions authorizing leases with Kofi LLC and Lumier Bakery LLC passed 10-0-1 each.
- Moving Assistance Pilot: Bureau Bill 2026-11 approved 7-0-4.
Executive Director's Report
- The Clean Water Services approved the downtown sub-basin stormwater strategy.
- A $20 million federal BUILD grant request was submitted for the downtown Loop project.
- Sarah Phipps returned to Beaverton as a project manager for downtown infrastructure.
- Michelle Tan started as the new Arts Program Manager, with over 20 years of experience.
- Closing on the MelTark Senior Housing Project is expected in April 2026.
Meeting Transcript
February 24th, 2026, Beaverton Urban Redevelopment Agency meeting to order. Will the recorder please call the roll? Board member Duggar. I am here. Uh Hassan. Here. Kimmy. Here. Chair Teter. Here. Tivnon. Here. Baby. She is on her way in. She'll be joining in a minute. Hanning. Here. Nye. Oh, Jennifer Nye is here. Sorry, I'm here. There it is. Walton here. Lear. Here. And my understanding is Hartmeyer Prague is absent tonight. Yes, that's right. Okay. Well, our first item of business tonight is the executive session. So we'll first be moving into executive session in accordance with ORS 192.6602E to conduct deliberations for persons designated by the governing body to negotiate real property transactions. Under organ law, members of the news media are allowed to attend. However, it is the Bureau Board's requirement that the items discussed in executive session not be disclosed by needy representatives or others. Any action that the Bureau Board may take on items discussed in executive session will be will be taken in open session after the executive session concludes. So we now ask that all community members and staff who are not participating in an executive session to the script says to leave council chambers, but we actually have a different Zoom link for executive session that the Bureau Board will join. And staff, you can correct me if I'm wrong on any of that, but we can join the other link. Other people can stay here. Is that correct? That is correct. Okay, sounds good. We will be coming back to this link after executive session uh concludes. Thank you. Everybody's in okay. Uh staff, can you let me know if we've got everybody in from the attendees list or waiting room that we're waiting on? Quick count looks like we have everyone from the Bureau Board. Okay. Sounds good. Well, we are back from executive session. Uh thank you for your patience. Anybody who is not in executive session with us. Um are we recording? We are recording.
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