HomeMy WebLinkAboutResolution SEDA 2018-05 06/11/2018 SPRINGFIELD ECONOMIC DEVELOPMENT AGENCY
RESOLUTION NO. SEDA 2018-05
[FY19 ADOPTED BUDGET]
A RESOLUTION ADOPTING THE FISCAL YEAR 2018/19 SPRINGFIELD ECONOMIC
DEVELOPMENT AGENCY BUDGET, MAKING APPROPRIATIONS, AND DIRELIING THE
DIVISION OF THE PROPERTY TAX.
WHEREAS, on May 8, 2018, the Budget Committee of the Springfield Economic
Development Agency (SEDA) met and reviewed the proposed 2018/19 SEDA budget;
and
WHEREAS, on May 8, 2018, the Budget Committee recommended approval of the
2018/19 SEDA budget for adoption by the SEDA Board of Directors; and
WHEREAS, on June 11, 2018, the SEDA Board of Directors held a public hearing on the
approved budget; and
WHEREAS, the SEDA Board of Directors finds that Adopting the Budget and Making
Appropriations is necessary under ORS 294.305 to 294.565.
NOW, THEREFORE, BE IT RESOLVED THAT THE BOARD OF DIRECTORS OF THE
SPRINGFIELD ECONOMIC DEVELOPMENT AGENCY, An Urban Renewal Agency
of the State of Oregon, as follows:
Section 1. The Staff Liaison for the City of Springfield is directed to file a
certified copy of this resolution with the Lane County Department of Assessment
& Taxation, prior to July 31, 2018.
Section 2. The Agency budget for the Springfield Economic Development Agency
for the fiscal year beginning July 1, 2018, and ending June 30, 2019, as
approved by the City of Springfield Budget Committee in the total amount of
$8,435,448 hereby adopted.
Section 3. The adopted appropriations, for the fiscal year beginning July 1,
2018, and ending June 30, 2019, as set forth in Exhibit"A" is hereby adopted.
Springfield Economic Development Agency
Appropriations (All Funds)
Materials and Services $ 666,344
Capital Projects 5,902,500
Debt Service 762,845
Reserves 1,103,759
TOTAL APPROPRIATIONS —ALL FUNDS $ 8,435,448
Attachment 1 — Page 1
Resolution No.
Section 4. BE IT RESOLVED that the Board of Directors of the Springfield Economic
Development Agency hereby resolves to certify to the County Assessor a request for
the Urban Renewal Plan Area for the maximum amount of revenue that may be
raised by dividing the taxes under section ic, Article IX, of the Oregon Constitution
and ORS Chapter 457.
The above resolution and statements were approved and declared adopted on the
11th day of June, 2018, by a vote of 7 for and 0 against.
(1 absent - Leiken)
Sean VanGordon, Chair
Springfield Economic Development Agency
Board of Directors
ATTEST: }
Marilee Woodrow, Secretary
Springfield Economic Development Agency
Board of Directors
REVIEWED &APPROVED
AS Oi ORS/
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ATE: • I=
OFFICE OF -I ATTORNEY
SEDA RESOLUTION NO. 2018-0S
LEGAL APPROPRIATIONS LEVEL
Dollar Amount
SEDA Glenwood General Fund-229
Operating
Material and Services $ 161,209
Capital Projects $ 5,902,500
Non-Departmental
Debt Service $ 762,845
Reserves 833,110
Total Non-Departmental $ 1,595,955
Total SEDA Glenwood General Fund $ 7,659,664
SEDA Downtown General Fund-230
Operating
Material and Services $ 505,135
Capital Projects $ -
Non-Departmental
Debt Service $ -
Reserves 270,649
Total Non-Departmental $ 270,649
Total SEDA Downtown General Fund $ 775,784
SEDA Glenwood Capital Proiects Fund-429
Total SEDA Glenwood Capital Projects Fund $ -
SEDA Downtown Capital Proiects Fund-430
Total SEDA Downtown Capital Projects Fund $ -
TOTAL RESOLUTION $ 8,435,448
Exhibit A-Page 1
SEDA RESOLUTION NO. 2018-05