Welcome to the Urban Renewal Agency

Sherwood's adopted Urban Renewal Agency budget for the fiscal year 2016-2017 is available.  The document is available in PDF format using Adobe Acrobat. 

Budget Cover Graphic

Sherwood City Manager Joseph Gall released his proposed budgets for the City of Sherwood and the Sherwood Urban Renewal Agency today.  Both budgets will be presented formally to the Sherwood Budget Committee on Wednesday, May 13, 2015 at 6:00 pm in the community room located at Sherwood City Hall.  Additional Budget Committee meetings are scheduled for May 20th and May 27th (if needed).  At these meetings, public input on the proposed budgets will be accepted.

This report fulfills the requirements, prescribed in ORS.457.460, for the filing of an annual report detailing the financial activity of an urban renewal area established in Oregon.

Cannery Row Rendering

The newest addition to historic Old Town Sherwood will soon be opening its doors. Cannery Row, a 101-home apartment community, is close to completing the first phase of homes. Located across from Cannery Square at 22550 SW Highland Drive, Cannery Row is just steps away from retail shops, restaurants, parks and schools.

The Sherwood Urban Renewal Plan was adopted and approved by ordinance on August 29, 2000. The initial URA “maximum indebtedness”, as defined by statute, was $35,347,600. However, on February 27, 2012, the Sherwood City Council approved a substantial amendment to increase the maximum indebtedness to $45,133,469.  There are 596 acres designated in the Urban Renewal Plan