OAR 123-020-0125: Viability of Formation

In reviewing the viability and merits of a proposed Port, the Authority will consider the following, in addition to the latest draft copy of the economic feasibility statement for district formation, if applicable, under ORS 198.749: (1) A proposed budget of the proposed Port showing, among other things, capital improvements, staffing, and other sums and expenses required to implement and operate the proposed Port for a reasonable period; (2) Adequacy of the existing tax base and proposed tax rate and the source and amounts of any other revenues estimated to be required; and (3) Other financial information requested.