Proposed Purchase and Sale Agreement (Resolution No. 2026-04)
Summary
The urban renewal agency is considering buying or selling property under Resolution No. 2026-04. Urban renewal spending affects tax increment funds that would otherwise flow to schools, fire, and other taxing districts — so this purchase matters to every Cornelius taxpayer.
At a glance
- Total mentions
- 2
- Last 30 days
- 1
Discussed at 1 meeting in the last 60 days; most recently Nov 2, 2026.
Impact analysis
The purchase price and financial terms haven't been published yet — they'll be laid out at the meeting.
If approved, the deal could set the stage for redevelopment that revitalizes a property in the urban renewal area.
Taxpayers in overlapping taxing districts absorb the opportunity cost of tax increment funds used for the purchase.
Mentions & discussions (2)
Urban Renewal Agency Board - Nov 2, 2026
The urban renewal agency is considering buying or selling property under Resolution No. 2026-04. Urban renewal spending affects tax increment funds that would otherwise flow to schools, fire, and other taxing districts — so this purchase matters to every Cornelius taxpayer.
City Council (Closed) - May 4, 2026
The council discussed a potential real property transaction behind closed doors, as allowed under Oregon law for negotiation deliberations. The public won't know details until any deal comes back for an open-meeting vote.
We'll email you when it's on an upcoming agenda and when it's voted on, at most once a day.
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