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<p class="Default"><span style="font-family:"Tw Cen MT",sans-serif">Hello, Main Street Colleagues!<o:p></o:p></span></p>
<p class="Default"><span style="font-family:"Tw Cen MT",sans-serif">All of your mayors should have received the attached email letter this week. Please take this opportunity to reinforce your support for the Revitalize Main Street Act and encourage your mayor
and/or city council to endorse the bill and ask your state legislators to support its passage. The attached sign-on letter provides an easy template for their use and a simple click-through to our web form is all it takes to endorse the bill.
<o:p></o:p></span></p>
<p class="Default"><span style="font-family:"Tw Cen MT",sans-serif">Our list of supporters is growing and we are gaining interest from key business, cultural, and environmental groups. But MAIN STREET VOICES ARE ESSENTIAL as the state budget remains very tight!<o:p></o:p></span></p>
<p class="Default"><span style="font-family:"Tw Cen MT",sans-serif">We would still like a few more MAIN STREET MATTERS photos – so please send them along. And if YOU didn’t get around to
<a href="http://restoreoregon.org/rehab-tax-incentive/">endorsing the bill</a>, please do so NOW.<o:p></o:p></span></p>
<p class="Default"><span style="font-family:"Tw Cen MT",sans-serif">Thank you!<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<div>
<p class="MsoNormal"><b><i><span style="font-family:"Century Schoolbook",serif;color:#1F497D">Peggy<o:p></o:p></span></i></b></p>
<p class="MsoNormal"><span style="font-size:9.0pt;font-family:"Tw Cen MT",sans-serif;color:#1F497D">Peggy Moretti, Exec. Director<o:p></o:p></span></p>
<p class="MsoNormal"><b><span style="font-size:9.0pt;font-family:"Century Schoolbook",serif;color:#1F497D"><a href="http://www.restoreoregon.org/"><span style="color:#0563C1">RESTORE OREGON</span></a><o:p></o:p></span></b></p>
<p class="MsoNormal"><span style="font-size:9.0pt;font-family:"Tw Cen MT",sans-serif;color:#1F497D">503 243-1923<o:p></o:p></span></p>
</div>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<div>
<div style="border:none;border-top:solid #E1E1E1 1.0pt;padding:3.0pt 0in 0in 0in">
<p class="MsoNormal"><b>From:</b> Peggy Moretti <br>
<b>Sent:</b> Wednesday, January 07, 2015 11:08 AM<br>
<b>To:</b> Peggy Moretti<br>
<b>Subject:</b> Funding to revitalize your historic downtown<o:p></o:p></p>
</div>
</div>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="Default"><span style="font-family:"Tw Cen MT",sans-serif">Dear Mayor, <o:p>
</o:p></span></p>
<p class="Default"><span style="font-family:"Tw Cen MT",sans-serif"><o:p> </o:p></span></p>
<p class="Default"><span style="font-family:"Tw Cen MT",sans-serif">I’m following up a letter sent last month asking for your endorsement of state legislation that creates a
<b><a href="http://restoreoregon.org/rehab-tax-incentive/">Historic Rehabilitation Incentive</a></b> (HRI) to restore the iconic but often deteriorating buildings in our historic downtowns. A coalition of leaders from across the state has been working with
Restore Oregon to introduce this important bill, including your colleague Sharon Konopa, mayor of Albany.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Tw Cen MT",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><b><span style="font-size:12.0pt;font-family:"Tw Cen MT",sans-serif"><a href="http://restoreoregon.org/rehab-tax-incentive/">The Revitalize Main Street Act</a>
</span></b><span style="font-size:12.0pt;font-family:"Tw Cen MT",sans-serif">would authorize an HRI in the form of<b> a 25% rebate for the rehabilitation of historic commercial buildings</b> – stores, hotels, theaters, apartments, factories, mills, etc. There
are probably one or two that come to mind in your downtown that would have a big impact if fixed up and the upper floors re-occupied. The rebate would help offset the high cost of restoration, seismic retrofitting, and code compliance. Funded by the auction
of state income tax credits at a capped amount (similar to the successful film production credit), a significant percent of the HRI would be directed toward rural communities.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Tw Cen MT",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Tw Cen MT",sans-serif">This modest, cost-effective investment by the state will help revitalize Oregon’s downtowns and pay dividends for decades to come in the form of new jobs, income and property
taxes, cultural heritage and tourism, business incubation, seismic safety, and the reuse of existing infrastructure.
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Tw Cen MT",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Tw Cen MT",sans-serif">An economic impact study conducted by EcoNorthwest projects that in 2018, with a state investment of just $10.6M, we would see:<o:p></o:p></span></p>
<p class="MsoListParagraphCxSpFirst" style="mso-margin-top-alt:4.0pt;margin-right:0in;margin-bottom:0in;margin-left:31.5pt;margin-bottom:.0001pt;mso-add-space:auto;text-indent:-.25in;mso-list:l0 level1 lfo2">
<![if !supportLists]><span style="font-size:11.0pt;font-family:Wingdings;mso-ligatures:none"><span style="mso-list:Ignore">§<span style="font:7.0pt "Times New Roman"">
</span></span></span><![endif]><span style="font-size:12.0pt;font-family:"Tw Cen MT",sans-serif;mso-ligatures:none">4 times more buildings restored than without the state incentive.<o:p></o:p></span></p>
<p class="MsoListParagraphCxSpMiddle" style="mso-margin-top-alt:6.0pt;margin-right:0in;margin-bottom:0in;margin-left:31.7pt;margin-bottom:.0001pt;mso-add-space:auto;text-indent:-.25in;mso-list:l0 level1 lfo2">
<![if !supportLists]><span style="font-size:11.0pt;font-family:Wingdings;mso-ligatures:none"><span style="mso-list:Ignore">§<span style="font:7.0pt "Times New Roman"">
</span></span></span><![endif]><span style="font-size:12.0pt;font-family:"Tw Cen MT",sans-serif;mso-ligatures:none">1,369 Oregon jobs per year generating income of $25.5M.<o:p></o:p></span></p>
<p class="MsoListParagraphCxSpMiddle" style="mso-margin-top-alt:6.0pt;margin-right:0in;margin-bottom:0in;margin-left:31.7pt;margin-bottom:.0001pt;mso-add-space:auto;text-indent:-.25in;mso-list:l0 level1 lfo2">
<![if !supportLists]><span style="font-size:11.0pt;font-family:Wingdings;mso-ligatures:none"><span style="mso-list:Ignore">§<span style="font:7.0pt "Times New Roman"">
</span></span></span><![endif]><span style="font-size:12.0pt;font-family:"Tw Cen MT",sans-serif;mso-ligatures:none">$2.3M net increase in property taxes per year to pay for schools and services.<o:p></o:p></span></p>
<p class="MsoListParagraphCxSpMiddle" style="mso-margin-top-alt:6.0pt;margin-right:0in;margin-bottom:0in;margin-left:31.7pt;margin-bottom:.0001pt;mso-add-space:auto;text-indent:-.25in;mso-list:l0 level1 lfo2">
<![if !supportLists]><span style="font-size:11.0pt;font-family:Wingdings;mso-ligatures:none"><span style="mso-list:Ignore">§<span style="font:7.0pt "Times New Roman"">
</span></span></span><![endif]><span style="font-size:12.0pt;font-family:"Tw Cen MT",sans-serif;mso-ligatures:none">$13.3M new federal Historic Tax Credit dollars invested in Oregon per year.<o:p></o:p></span></p>
<p class="MsoListParagraphCxSpLast" style="mso-margin-top-alt:6.0pt;margin-right:0in;margin-bottom:0in;margin-left:31.7pt;margin-bottom:.0001pt;mso-add-space:auto;text-indent:-.25in;mso-list:l0 level1 lfo2">
<![if !supportLists]><span style="font-size:11.0pt;font-family:Wingdings;color:maroon;mso-ligatures:none"><span style="mso-list:Ignore">§<span style="font:7.0pt "Times New Roman"">
</span></span></span><![endif]><span style="font-size:12.0pt;font-family:"Tw Cen MT",sans-serif;mso-ligatures:none">$35.8M net increase per year in direct development spending.</span><i><span style="font-size:12.0pt;font-family:"Century Schoolbook",serif;color:maroon;mso-ligatures:none"><o:p></o:p></span></i></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Tw Cen MT",sans-serif"><o:p> </o:p></span></p>
<p class="Default"><span style="font-family:"Tw Cen MT",sans-serif">As the attached
<a href="http://restoreoregon.org/wp-content/uploads/2014/10/RevitalizeMainStreet_DataSheet_10-21-14.pdf">
data sheet</a> shows, 35 other states are boosting private investment and stimulating local economies through a state HRI. Its time Oregon did the same! If you agree, I’m hoping that you will:
<o:p></o:p></span></p>
<p class="Default"><span style="font-family:"Tw Cen MT",sans-serif"><o:p> </o:p></span></p>
<p class="Default" style="mso-margin-top-alt:0in;margin-right:0in;margin-bottom:8.4pt;margin-left:.25in;text-indent:-.25in;mso-list:l2 level1 lfo4">
<![if !supportLists]><span style="font-family:"Tw Cen MT",sans-serif"><span style="mso-list:Ignore">1.<span style="font:7.0pt "Times New Roman"">
</span></span></span><![endif]><b><span style="font-family:"Tw Cen MT",sans-serif">Endorse the Revitalize Main Street Act.
</span></b><span style="font-family:"Tw Cen MT",sans-serif"> Reply to this email and confirm we can list you and/or your city council as a supporter. There is also an
<a href="http://restoreoregon.org/rehab-tax-incentive/">online endorsement form</a> that you and members of your community can sign.<o:p></o:p></span></p>
<p class="Default" style="mso-margin-top-alt:0in;margin-right:0in;margin-bottom:8.4pt;margin-left:.25in;text-indent:-.25in;mso-list:l2 level1 lfo4">
<![if !supportLists]><span style="font-family:"Tw Cen MT",sans-serif"><span style="mso-list:Ignore">2.<span style="font:7.0pt "Times New Roman"">
</span></span></span><![endif]><b><span style="font-family:"Tw Cen MT",sans-serif">Include this in your legislative agenda</span></b><span style="font-family:"Tw Cen MT",sans-serif"> and ask the League of Oregon Cities to support it, too.
<o:p></o:p></span></p>
<p class="Default"><span style="font-family:"Tw Cen MT",sans-serif">2. <b>Contact your state Representative and Senator and ask them to support this bill</b>. Add your signature to the attached sign-on letter and forward it to your state Senator and Representative.
Feel free to add specific examples of buildings in your town that, but for the incentive, will continue to waste away.<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Tw Cen MT",sans-serif">A state HRI as provided in the Revitalize Main Street Act could be
<b>the single most important thing we do to bring new life (and seismic safety) to Oregon’s historic downtowns.
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<p class="Default"><span style="font-family:"Tw Cen MT",sans-serif;color:windowtext">Thank you for your support!<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Tw Cen MT",sans-serif">Peggy Moretti<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Tw Cen MT",sans-serif">Executive Director, Restore Oregon<o:p></o:p></span></p>
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<p class="MsoNormal" style="margin-top:6.0pt;line-height:110%"><b><i><span style="font-family:"Century Schoolbook",serif"> “I encourage the legislature to pass the Revitalize Main Street Act. It provides a crucial incentive to invest in the restoration of
our historic downtown buildings, bringing them back to life as places to work, live, dine, and shop. Without it, the cost of repairs, code compliance, and seismic retrofitting are prohibitive and buildings such as Albany’s St. Francis Hotel will continue
to sit largely empty and deteriorating.”</span></i></b><b><span style="font-family:"Century Schoolbook",serif">
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<![if !supportLists]><span style="font-family:"Century Schoolbook",serif"><span style="mso-list:Ignore">-<span style="font:7.0pt "Times New Roman"">
</span></span></span><![endif]><span style="font-family:"Century Schoolbook",serif">Sharon Konopa, Mayor of Albany<o:p></o:p></span></p>
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<p class="MsoNormal"><a href="http://www.restoreoregon.org/"><b><span style="font-size:9.0pt;font-family:"Century Schoolbook",serif;color:#002B5E;text-decoration:none"><img border="0" width="94" height="69" id="Picture_x0020_3" src="cid:image004.jpg@01D02695.A5AB3D70" alt="cid:image004.jpg@01D02695.A5AB3D70"></span></b></a><b><span style="font-family:"Century Schoolbook",serif;color:blue"><o:p></o:p></span></b></p>
<p class="MsoNormal" style="margin-top:3.0pt"><span style="font-size:9.0pt;font-family:"Tw Cen MT",sans-serif">24 NW First Avenue, Suite 274 | Portland, OR 97209</span><span style="font-family:"Tw Cen MT",sans-serif"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:9.0pt;font-family:"Tw Cen MT",sans-serif">503 243-1923<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Tw Cen MT",sans-serif;color:#C00000">Visit our newsroom for<b><i>
<a href="http://restoreoregon.org/10-reasons-revitalize-main-street-act/"><span style="color:#C00000">10 Reasons to Support the Revitalize Main Street Act</span></a><o:p></o:p></i></b></span></p>
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<p class="MsoNormal"><a href="https://www.facebook.com/RestoreOregon?v=wall&viewas=0"><span style="font-size:9.0pt;color:windowtext;text-decoration:none"><img border="0" width="22" height="22" id="Picture_x0020_2" src="cid:image001.png@01D029C6.915FEA30" alt="cid:image006.png@01D02695.A5AB3D70"></span></a><span style="font-size:9.0pt"><o:p></o:p></span></p>
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