Form Ur-50 - Notice To Assessor Page 2

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However, if the difference between the plan area
Special Levy Amount. Make an entry in this col-
maximum authority and the amount calculated for
umn only if “Yes” is checked in the prior column
the division of tax is greater than the amount en-
for this plan. Option Three plans are entitled to tax
tered in this column, the assessor will only use the
increment amounts from a combination of division
lower number as the special levy. If the plan requires
of tax and special levy, up to their maximum author-
all of the taxes due to it, you may enter the words
ity. In no case will the assessor extend a special levy
“remainder of authority” in this column.
amount that, in combination with the division of tax
amount, exceeds the plan area maximum authority.
Part 2: Option Two Plans
However, if the difference between the plan area
maximum authority and the amount calculated for
This portion of the form may only be used by
the division of tax is greater than the amount en-
the Cascade Locks Agency.
tered in this column, the assessor will only use the
Plan Area Name. Enter the name of each plan area.
lower number as the special levy. If the plan requires
all of the taxes due to it you may enter the words
Special Levy. Check the appropriate box. Check the
“remainder of authority” in this column.
“Yes” box if the plan area is requesting a special levy
this year. Check the “No” box if the plan area is not
Part 4: Plans not qualifying as “existing
requesting a special levy this year.
urban renewal plans” and new plans
Special Levy Amount. If the “Yes” box is checked,
Plan Area Name. Enter the name of each plan area.
enter the total amount of the special levy. If the “No”
box is checked, enter “0” or the word “zero.”
Amount from Division of Tax. The assessor will
calculate and distribute to the agency the full amount
Part 3: Option Three Plans
of urban renewal taxes available from the division
of taxes. No special levy is allowed.
Plan Area Name. Enter the name of each plan area.
Amount from the Division of Tax. Enter the
Submission to assessor
amount stated in the 1998 ordinance selecting Op-
You must submit the following documents to the
tion Three as the maximum division of tax amount.
county assessor in each county in which your plan
This is entered as a dollar amount.
exists by July 15:
Special Levy. Option Three plans may request a
• Two copies of a complete UR-50.
special levy to raise revenues in addition to the di-
• Two copies of the resolution adopting the bud-
vision of tax amount. The special levy can be any
get, making appropriations and declaring tax in-
amount up to the amount which when added to the
crement financing.
division of tax amount equals the plan’s maximum
authority. Special levy amounts will appear as urban
A copy of your complete budget must be submit-
renewal special levy taxes under the General Gov-
ted to the county clerk by September 30.
ernment category on the tax statements. Option
Three plans may choose not to request any special
levy. If the agency has chosen not to request any
special levy, check the “No” box. If the agency has
chosen to request a special levy, check the “Yes” box.
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