Beaverton Urban Redevelopment Agency Budget Committee Meeting - May 28, 2026
Beaverton Urban Redevelopment Agency Budget Committee Meeting - May 28, 2026
The Beaverton Urban Redevelopment Agency (Bureau) Budget Committee met on May 28, 2026, at 5:00 PM to elect a chair for the meeting and to consider the proposed Bureau budget for fiscal year 2026-27. The committee approved the previous year's minutes, heard a presentation from staff, discussed budget details, and voted on the proposed budget.
Consent Calendar
- Approval of May 19, 2025 Bureau Budget Committee Minutes: The minutes were approved by a roll call vote with 20 "yes" votes and 1 abstention (new members abstained as per practice).
Public Comments & Testimony
- No members of the public spoke during the public hearing. Written testimony was received from Antonio Perog on May 27, 2026, and was made available on the website. Additionally, written questions from budget committee members (including a formal letter from Ms. Reister) were answered by staff.
Discussion Items
- Election of Budget Committee Chair: The committee elected Eric Lair as chair for this meeting. Mayor Lacey Beatty nominated Lair, citing his experience running a tight ship. Lair accepted, and the nomination was approved by a roll call vote of 20 yes, 2 absent.
- Budget Presentation: Executive Director Andy Barner and Interim Treasurer Susan Cole presented the proposed FY 2026-27 budget. Key points included:
- The Central Beaverton Urban Renewal Plan (approved in 2011) guides the district's work, with seven long-term goals: arts/culture, transportation, business support, housing, community engagement, redevelopment, and adding value.
- Tax increment financing (TIF) funds the agency. The district's assessed value has grown 85% since FY 2013.
- The proposed budget includes an "under levy" to avoid stranding funds, returning a share of growth to partner districts.
- Major spending priorities: infrastructure/placemaking projects (including the downtown loop), redevelopment of Lombard West and Hall/Center sites, and ongoing programs (building improvement grants, critical home repair, pre-development grants).
- The budget includes $35 million in proposed bond proceeds and a $7 million overnight loan from the city's general fund to manage cash flow.
- Staff noted that the bond is needed to group major projects and would be issued after detailed planning in 9-10 months. The large contingency ($22 million) reflects unused bond proceeds to be carried forward.
- Committee Questions and Discussion:
- Committee member Walker asked when the $35 million proposed bond would go to voters. Staff clarified that the bond is part of the $150 million maximum indebtedness already approved by voters in 2011; no further voter approval is needed.
- Committee member Marion expressed concern about the large contingency and lack of a drawdown schedule. Staff responded that detailed drawdown plans depend on partner funding (federal, ODOT) and project planning, which will be developed over the next 8-9 months.
- Mayor Beattie urged using Bureau funds to build rather than returning money to districts. She asked about the timeline for an RFP for the Beaver Dam West site. Staff indicated the goal is to issue a solicitation within the next budget year, focusing on economic development strategies and pre-leasing opportunities. Mayor Beattie emphasized the need to create real value in the district.
- Committee member Marion questioned the $1 million allocation for property acquisition given economic downturns. Staff explained that active negotiations are underway for the Lombard West and Hall/Center sites, with public solicitation processes taking longer than private transactions due to required fairness and impact considerations.
Key Outcomes
- Election of Chair: Eric Lair elected as Budget Committee Chair for the meeting.
- Budget Approval: The proposed FY 2026-27 Bureau budget was approved by a vote of 19 in favor, 2 opposed (Marion and Walker), with 1 absent. The approved budget will be forwarded to the Bureau Board for a public hearing on June 16, 2026.
- No amendments were made to the proposed budget.
Meeting Transcript
Start it. So it is uh five o'clock on May 28th, 2026, and I'm gonna call the Beaverton Urban Redevelopment Agency Budget Committee meeting to order. Recorder, will you please call the roll? Yes, Chair. Um good evening, um committee members. Uh just a heads up. I will just be reading your name, your full name off at the beginning. Um just for the record, and then we'll go on to just calling your last name, just as a heads up. Um so committee member Lacey Beatty. I see her on here, but I didn't hear you. Hear me. Yes, thank you. Oswaldo Bernal. Here. John Duggar. Here Andrew Aylin. Sorry if I'm mispronouncing your last name. That's okay. Here uh Corinne Hanning. Here. Ashley Hartmeyer Prigg. Here. Uh Nadia Hassan. Uh she's absent. Okay, thank you. Uh Michael Hughes. Here. Uh Edward Kimme. Okay. Christopher Cornthall. Here. Eric Lair. Here. Adam Marion. Here. Uh Carla Marzenek. Okay. Um Joseph Montez Montes. Here. Jennifer Nye. Whose name do you just call? Jennifer Nye. Okay. Jennifer, we can't hear you. I see you, Jennifer. I know you're here, so I'll just mark you as uh here. Rhonda Reister. It's usually me. Here. Thank you.
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