Oregon City Charter requires voter approval of bonds issued by the City for non-routine operating and building expenses. Urban Renewal bonds are the exception to this rule. Measure 3-407 closes this loophole. Without Measure 3-407 it only takes three urban renewal commissioners (up to two unelected) to approve up to $130 MILLION in debt without a vote of the people!
Our democratic system is based on the premise that voters will make the wisest choices and decisions. You can support urban renewal projects and support Measure 3-407. Some urban renewal projects may receive public subsidies, some may not. That’s democracy. It will drive better government and development at the lowest cost to taxpayers.