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PUBLIC HEARING: HB 3224 A |
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WORK SESSION: HB 2213 |
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TAPES 116-117,
A |
May 7,
2003 1:00 PM STATE CAPITOL BUILDING
Members Present: Senator Ryan Deckert, Chair
Senator Ted
Ferrioli, Vice Chair
Senator
Tony Corcoran
Senator
Charlie Ringo
Senator
Bruce Starr
Members Excused: Senator Lenn Hannon
Witnesses Present: Rob Drake, Mayor of Beaverton
Jack
Kenny, Oregon Housing and Community Services
Mike
Burton, Economic and Community Development Department
Staff Present: Paul
Warner, Legislative Revenue Office
Richard
Yates, Legislative Revenue Office
Tara
Lantz, Committee Assistant
TAPE
116, SIDE A
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003 |
Chair Deckert |
Calls meeting to order at 1:20 pm. |
OPENS PUBLIC HEARING ON HB
3224 A
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016 |
Richard Yates |
Explains HB 3224 which authorizes
cities with more than 50,000 residents to issue nonrecourse bonds to provide
for retail, commercial, and industrial development. Exhibit 1. |
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022 |
Rob Drake |
Testifies in support of HB 3324 A
because it would give Beaverton and other cities a tool for economic
development in order to solve critical problems and attract jobs. |
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048 |
Sen. Deckert |
Asks for an example of a project. |
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050 |
Drake |
Gives example of a health clinic in
downtown Beaverton. |
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072 |
Sen. Ringo |
Asks why there is a limit on the
number of residents. |
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077 |
Drake |
Responds that small cities don’t
have the technical capabilities that large cities have. |
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089 |
Sen. Ringo |
Asks if a city of 50,000 or more is
supposed to have these technical capabilities. |
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091 |
Drake |
Responds positively. |
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093 |
Sen. Deckert |
Points out that there is a -3
amendment that raises it to 70,000. |
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099 |
Sen. Ringo |
Asks about the difference between
retail and commercial. |
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104 |
Janet Young |
Responds that retail could be
considered a subset of commercial and that the two words are both in there to
be more clear. |
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110 |
Sen. Ferrioli |
Responds that retail is open to the
public for the sale of goods and commercial relates to the provision of
services. Discussion follows. |
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127 |
Sen. Corcoran |
Asks why Rep. Prozanski voted no in
the House. |
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130 |
Drake |
Responds that he doesn’t know. Discussion follows. |
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136 |
Sen. Deckert |
Asks if he has an opinion on the -3
amendments. |
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140 |
Drake |
Responds negatively. |
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144 |
Sen. Ferrioli |
States that under 50,000 small
cities have more resources that larger cities do not, and that the bill
should go down to the lowest number as possible. |
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150 |
Sen. Starr |
Asks what cities are included in the
original bill and with the amendment. |
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155 |
Drake |
Responds that Beaverton, Portland,
Eugene, Hillsboro, Salem, and Gresham are above 70,000 and that Medford,
Bend, Springfield, and Corvallis are in the 50,000 range. |
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164 |
Sen. Deckert |
Asks if those cities excluded in the
amendments have the capabilities to issue these bonds. |
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170 |
Drake |
Responds affirmatively. Discussion follows. |
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178 |
Jack Kenny |
Testifies in support of the -3
amendments. States that he was opposed to the original bill in the house
because in order to issue and monitor bonds, a city needs to have resources,
such as a professional staff. Discusses problems with issuing too many bonds.
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225 |
Sen. Deckert |
Asks if the cities excluded in the
amendment have the resources to issue these bonds. |
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226 |
Kenny |
Responds that they were asked to
come up with a compromise with the City of Beaverton. |
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238 |
Sen. Ferrioli |
Asks why the housing authority
didn’t offer to broker these services to cities. |
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241 |
Kenny |
Responds that already offer these services
to cities. |
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256 |
Sen. Ringo |
States that he is supportive of the
-3 amendments. |
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272 |
Mike Burton |
States that the Economic and
Community Development Department has the authority to issue bonds for any
economic development project in small cities and ports. |
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288 |
Sen. Deckert |
Asks why they need this bill if
there is already a system in place. |
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295 |
Kenny |
Responds that he doesn’t perceive
that there is a problem and that they don’t have an exclusive monopoly. |
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332 |
Burton |
Responds that smaller jurisdictions
don’t have the capacity and are happy to let the state take control. |
CLOSES PUBLIC HEARING ON HB
3224
OPENS WORK SESSION ON HB 3224
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377 |
Sen. Starr |
Asks if the cities excluded in the
amendment care. |
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385 |
Drake |
Responds that they do not know. |
TAPE 117, SIDE A
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013 |
Sen. Ferrioli |
States that he would rather see the
50,000 limit, but would support the amendment to move the bill because creating
the authority is the most important thing. |
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020 |
Sen. Starr |
MOTION: MOVES HB 3224-A3 AMENDMENTS
DATED 5/5/03 BE ADOPTED. |
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029 |
Sen. Deckert |
ORDER: HEARING NO OBJECTION: MOTION
PASSES: 5-0-1. SENATOR EXCUSED: HANNON. |
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030 |
Sen. Starr |
MOTION: MOVES HB 3224 A TO THE
SENATE FLOOR WITH A DO PASS AS AMENDED RECOMMENDATION. |
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032 |
Sen. Deckert |
ORDER: HEARING NO OBJECTION: MOTION
PASSES: 5-0-1. SENATOR EXCUSED: HANNON. Sen. Ringo will carry the bill on
the Senate Floor. |
OPENS WORK SESSION ON HB
2213
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040 |
Sen. Starr |
Argues in support of HB 2213 in its
original form and for giving the authority to issue GARVEE bonds because it
gives the department a tool for special projects that otherwise would not be
able to happen. |
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057 |
Sen. Corcoran |
Asks who is responsible for the
amendments and what they would do. |
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059 |
Sen. Starr |
Responds that they would remove the
GARVEE language out of the bill. |
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062 |
Sen. Deckert |
States that the amendments were
written after the initial hearing because there was concern over the issuance
of GARVEE bonds. Discussion follows. |
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092 |
Sen. Ringo |
States that he is uncomfortable with
additional mechanisms for the state to create more debt. |
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106 |
Sen. Ferrioli |
Expresses the same concerns about
creating debt, but states that he would be willing to vote the bill to the
floor as a courtesy. |
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118 |
Sen. Deckert |
States that the only issue is the
GARVEE bonds and that he can see both sides of the argument. |
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131 |
Sen. Starr |
Points out that ODOT has
historically paid as they went and have incurred very little debt and that
they wouldn’t issue bonds for 30 years if the lifespan of the project were
only 15 years. |
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151 |
Sen. Ferrioli |
Recognizes that these bonds are not
the same as short-term borrowing in other agencies, but points out that
giving agencies those authorities has not been a good experience. |
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172 |
Sen. Ringo |
Discusses his objection to lottery
backed bonds and states that in the long run the state would be better off if
it paid as it went. Discussion follows. |
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210 |
Sen. Corcoran |
States that the roads and bridges
are in crisis and that if ODOT feels they need this option, he supports it. |
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227 |
Sen. Starr |
Asks if Sen. Deckert is comfortable
with Sen. Ferrioli’s courtesy vote. |
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229 |
Sen. Deckert |
Responds affirmatively. Discussion follows. |
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236 |
Sen. Starr |
MOTION: MOVES HB 2213 TO THE SENATE
FLOOR WITH A DO PASS RECOMMENDATION. |
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240 |
Sen. Deckert |
ORDER: ROLL CALL VOTE: MOTION
PASSES: 4-1-1. SENATORS ANSWERING AYE: CORCORAN,
STARR, FERRIOLI, DECKERT. SENATOR ANSWERING NO: RINGO SENATOR EXCUSED: HANNON. |
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242 |
Sen. Deckert |
Adjourns meeting at 1:56 pm. |
Tape Log Submitted by,
Tara Lantz, Committee
Assistant
Exhibit Summary: