Ordinance No. 860 Tektronix Development Agreement Time Extension Board of Commissioners Hearing Oct. 1, 2019
Ordinance overview • Extend term of Tektronix Development Agreement for one year • Allow time to revisit terms of Agreement and determine if changes are needed to bring it up-to-date • Current Agreement expires Nov. 1, unless extended by this action 2
Location 3
Agreement history • State law allows for Development Agreements; up to seven-year term • Original Agreement adopted by Ordinance No. 530 Oct. 1998 • Extended and updated twice, in 2005 and 2012 4
Agreement content • Implement future development of Tektronix’s campus • Established permitted uses and densities on campus through build-out of subsequent master plan • Established required fees and exactions associated with that build-out 5
Agreement content • Provided certainty about development and exactions • Established responsibilities for infrastructure and services 6
Reason for ordinance • Request to extend came late in process • Changes in circumstances have occurred since last adoption • Time is needed to revisit the Agreement and consider possible changes • Staff and Beaverton LLC will work toward an update in 2020 7
Planning Commission • Planning Commission (PC) hearing Sept. 4 • PC voted 6 to 0 to recommend approval of the ordinance to the Board 8
Staff recommendation • Conduct the public hearing • Adopt the ordinance as filed • Adopt associated findings 9
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