The Core Area Advisory Board (CAAB) will advise the Bend Urban Renewal Agency on implementation of the Core Area Tax Increment Financing Plan, including oversight of the $195 million of maximum debt that can be issued to invest in projects in the area. The Plan identifies a variety of projects and a funding source (tax increment) to invest in the area over the next 30 years as it transforms into an urban, mixed-use area where people can live, work, and play.
In addition, the board will be able to make recommendations directly to City Council on actions that support implementation of the Tax Increment Financing Plan.
Core Area Advisory Board was formed by the Bend Urban Renewal Agency on November 3, 2021 by Resolution 0001 and the purpose, responsibilities, and membership of the board are outlined in Bend Municipal Code 17.10.005.
