The Depoe Bay Urban Renewal Agency Budget Committee convened on April 24, 2025, to discuss the agency's budget and future projects aimed at enhancing the community. The meeting highlighted the agency's role in managing tax increment financing, which allows it to generate revenue from property value growth within designated urban renewal areas.

The agency operates under Oregon urban renewal laws and has been active since 1991. Its primary goals include improving public infrastructure, enhancing pedestrian safety, and rehabilitating existing buildings. The proposed budget for the upcoming fiscal year reflects a commitment to these objectives, with a focus on funding projects that will benefit the community.

Key budget allocations include $100,000 for street maintenance, $100,000 for harbor operations, and $20,000 for city parks upkeep. Additionally, the budget sets aside $500,000 for a new water treatment plant and includes a contingency fund of $500,000 to address unexpected costs.

The agency plans to continue its collaboration with external experts, such as financial consultants and engineers, to ensure effective project implementation. The budget also proposes a reduction in administrative costs, reflecting a more efficient approach to managing urban renewal projects.

Overall, the meeting underscored the agency's ongoing commitment to revitalizing Depoe Bay through strategic investments and community-focused initiatives. The next steps will involve finalizing the budget and moving forward with the planned projects to enhance the urban renewal area.