Ordinance No. 860 Tektronix Development Agreement Time Extension - - PowerPoint PPT Presentation

Ordinance No. 860

Tektronix Development Agreement Time Extension

• Oct. 1, 2019

Board of Commissioners Hearing

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

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Location

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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

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Agreement content

• Implement future development of

Tektronix’s campus

• Established permitted uses and densities
• n campus through build-out of

subsequent master plan

• Established required fees and exactions

associated with that build-out

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Agreement content

• Provided certainty

about development and exactions

• Established

responsibilities for infrastructure and services

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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

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Planning Commission

• Planning Commission (PC) hearing
• Sept. 4
• PC voted 6 to 0 to recommend

approval of the ordinance to the Board

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Staff recommendation

• Conduct the public hearing
• Adopt the ordinance as filed
• Adopt associated findings

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