Oregon City Attorney explains charter amendment 3-407 language for voter approval of urban renewal money.

(Yates): Does the language you have drafted allow for a vote on more than an actual bond that is about to be issued? In other words, can there be a global kind of approval for the bonds that are to be issued under the plan — which effectively is to approve the plan, that is what I am sort of wondering — or would this require every time you floated a bond for sale, for a facade improvement program, would you need a vote for that bond, a one million dollar bond, or a half million dollar bond?

(Sullivan): I anticipate that you are going to authorize the projects in the plan, there will be a plan of financing in it, and that would be the basis for authorizing the bonds, and when you approve the plan you would give pre-approval to bonds as a means of doing the financing.