ORS 307.867: Termination of zone; effect of termination.

(1) A city or county that designates a vertical housing development zone under ORS 307.844 may terminate the zone at any time.

      (2) The termination of a zone under this section does not affect the partial exemption from tax under ORS 307.864 of any property of a vertical housing development project that was certified under ORS 307.857 prior to the termination of the zone and that continues to qualify for the partial exemption at the time of the termination of the zone. [Formerly 285C.480; 2017 c.326 §10; 2021 c.476 §8]

(Temporary provisions relating to exemption for newly rehabilitated or constructed multiunit rental housing)