Urban Renewal Financial Reports
The urban renewal agency for the City of Lake Oswego is known as LORA, the Lake Oswego Redevelopment Agency. LORA was organized in 1979 under provisions of the Oregon Revised Statutes, Chapter 457, to undertake urban renewal projects and activities. The City’s East End Redevelopment Plan was adopted by the City Council in 1986, and the Lake Grove Village Center Urban Renewal Plan was adopted in July, 2012.
Urban Renewal - Audit Report
The Finance Department prepares the Audit Reports for the Lake Oswego Redevelopment Agency that cover the financial activities of LORA. A link to those documents is attached to this page or copies may be requested from the Finance Department.
Financial Impact Report
Each year, urban renewal agencies must report to the governing body and the general public on the financial impact of carrying out urban renewal plans on the tax collections for each of the overlapping governmental units within the agency’s urban renewal districts. This report provides for all reporting requirements. See related links for the last few fiscal years of the Financial Impact Reports for the Lake Oswego Redevelopment Agency. (Prior fiscal year's Financial Impact Reports are incorporated in the Annual Reports stated below.)
The Lake Oswego Redevelopment Agency (LORA) also publishes an Annual Report which outlines the Agency's accomplishments and financial condition for the fiscal year. The document also serves the purpose of reporting to the governing body and general public on the financial impact of carrying out the urban renewal plan on the tax collections for each of the overlapping governmental units within the agency's urban renewal districts, as required by the state. The reports are located on the Redevelopment Agency website.
Information about current redevelopment projects is available on the Redevelopment page, as well as the following:
- Map of the urban renewal area
- The East End Redevelopment Plan