HomeMy WebLinkAbout2014-06-09 SEDA Meeting Minutes MINUTES OF THE MEETING OF THE
SPRINGFIELD ECONOMIC DEVELOPMENT AGENCY
HELD MONDAY JUNE 9,2014
The Springfield Economic Development Agency met in the Jesse Maine Meeting Room, 225
Fifth Street, Springfield, Oregon on Monday June 9, 2014 at 7:38 p.m.,with Board Vice Chair
Sean VanGordon presiding.
ATTENDANCE
Present were Board Vice Chair Sean VanGordon and Board Members Sheri Moore,Christine
Lundberg, Marilee Woodrow, Bob Brew and Dave Ralston. Also present were City Manager
Gino Grimaldi,Attorney Mary Bridget Smith,and City Recorder Amy Sowa.
Board members Hillary Wylie and Sid Leiken were absent(excused).
APPROVAL OF MINUTES
a. Minutes of November 25, 2013
IT WAS MOVED BY BOARD MEMBER WOODROW WITH A SECOND BY BOARD
MEMBER BREW TO APPROVE THE NOVEMBER 25,2013 MINUTES.THE MOTION
PASSED WITH A VOTE OF 5 FOR AND 0 AGAINST(2 ABSENT).
COMMUNICATIONS
a. Business from the Audience -None
b. Correspondence -None
c. Business from the Staff
REPORT OF CHAIR -None
REPORT OF COMMITTEES -None
PUBLIC HEARINGS—
1. Fiscal Year 2014/15 SEDA Budget Adoption.
RESOLUTION NO. SEDA2014-01 —A RESOLUTION ADOPTING THE FISCAL
YEAR 2014/15 SPRINGFIELD ECONOMIC DEVELOPMENT AGENCY BUDGET,
MAKING APPROPRIATIONS,AND DIRECTING THE DIVISION OF THE
PROPERTY TAX
Finance Director Bob Duey presented the staff report on this item.
The SEDA Board of Directors provided staff direction on the proposed budget for the upcoming
year. Staff presented the budget to the SEDA Budget Committee on May 6, 2014. The Budget
Springfield Economic Development Agency Minutes
June 9,2014
Page 2
Committee held a hearing on that date and approved the budget to be presented to the SEDA
Board for adoption.
The SEDA Board of Directors is now requested to hold a public hearing on the Fiscal Year
2014/15 (FY15) SEDA Budget as recommended by the Budget Committee,approve a resolution
to adopt the Fiscal Year 2014/15 SEDA Budget,make appropriations,and direct the County
Assessor to divide the taxes in accordance with State law.
The attached resolution totals$5,056,530 in resources and requirements.
The resolution, as proposed,anticipates no interagency loans from the City of Springfield to the
SEDA Glenwood District for the fiscal year 2014/15.
Interagency loans funds between the City and the Downtown District are proposed in the amount
of$305,000. Debt service payments from SEDA back to the City total $260,000.
SEDA is expected to issue its first debt from external resources by borrowing the necessary funds
to meet the required $3.6M match for Franklin Blvd Phase 1 capital project.
Board Vice Chair Sean VanGordon opened the Public Hearing.
No one appeared to speak
Board Vice Chair Sean VanGordon closed the Public Hearing.
IT WAS MOVED BY BOARD MEMBER WOODROW WITH A SECOND BY BOARD
MEMBER MOORE TO ADOPT RESOLUTION NO. SEDA2014-01. THE MOTION
PASSED WITH A VOTE OF 5 FOR AND 0 AGAINST(2 ABSENT).
NEW BUSINESS
OLD BUSINESS -None.
ADJOURNMENT
The meeting was adjourned at approximately 7:40 p.m.
.)
Minutes Recorder—Amy Sowa
eri Moore
Secretary