MEASURE 3-550 SOUTHWOOD PARK NEIGHBORHOOD ANNEXATION
CAPTION: ANNEXATION OF SOUTHWOOD PARK NEIGHBORHOOD TO CITY OF LAKE OSWEGO
QUESTION: Shall the Southwood Park Neighborhood be annexed to the City of Lake Oswego?
SUMMARY: The Lake Oswego City Council has referred this measure to Southwood Park Neighborhood voters. The neighborhood is unincorporated territory bordered on the east and south by the Lake Oswego boundaries, on the west by I-5, and on the north by the Portland boundaries. Neighborhood streets near the perimeter of the territory include SW Pamela St., SW 61st and 64th, and SW Douglas Dr. If neighborhood voters approve this measure, the territory will be annexed to, and become part of, the City of Lake Oswego. The Southwood Park Water District will be extinguished and Lake Oswego will provide water service. The approximate resulting net property tax increase of $1.64 per $1,000 of assessed value will be phased in over five fiscal years. Zoning will change from County R-7 to Lake Oswego R-7.5. A “yes” vote approves annexation to Lake Oswego. A “no” vote results in the neighborhood remaining unincorporated.