HomeMy WebLinkAbout2026-06 Endorsing Nomination of Census Tract 19 as a Designated Federal Opportunity Zone 2.0 RESOLUTION NO. 2026-06
A RESOLUTION ENDORSING THE NOMINATION OF CENSUS TRACT 19 AS A
DESIGNATED FEDERAL OPPORTUNITY ZONE 2.0
RECITALS:
A. The Opportunity Zone program is a federal incentive program to attract private capital
investment in designated low-income census tracts..
B, Opportunity zones are designated every decennial.with Opportunity Zone 2.0
commencing on January 1, 2027.
C. Business Oregon,in partnership with Oregon Governor Tina Kotek, launched an
application far the nomination of Oregon census tracts for the Federal Opportunity Zone
2.0 program,with a deadline of May 22, 2026;
D. Census Tract 19 in the City of Ashland is an eligible Opportunity Zone census tract that
has investment ready parcels, shovel ready projects, and strategically aligns with City
economic initiatives and Southern Oregon University's Master Plan.
E. It is the intent of City Council to attract investors and spur development of homes and
businesses.
F. Southern Oregon Regional Economic Development Inc. is the Economic Development
District that focuses on spurring investment, attracting new business, and expanding
existing businesses in the Rogue Valley.
THE CITY OF ASHLAND HEREBY RESOLVES AS FOLLOWS:
SECTION 1. The City Council of Ashland hereby endorses the nomination of Census Tract 19
for Opportunity Zone 2.0 designation, and authorizes Southern Oregon Economic Development,
Inc.,to prepare and submit the nomination application on the City of Ashland's behalf.
SECTION 2. This resolution is effective upon adoption.
This resolution was duly PASSED and ADOPTED this day of
A, , and takes effect upon signing by the or.
JordanT,q$lyn,Acting City Recorder
Resolution No.2026-06 Page 1 of 2
SIGNED and APPROVED this a ' `a
s day of ,zoz6.
Tonya daham, Mayor
Reviewed as to fonn:
J i 11a, C16y Attorney
Resolution No.2026-06 Page 2 of 2