HomeMy WebLinkAboutResolution SEDA 2017-02 06/12/2017 S EQFt
Resolution No. 2017-02
SPRINGFIELD ECONOMIC DLOPMENT AGENCY
RESOLUTION NO. 02
[FY18 ADOPTED BUDGET]
A RESOLUTION ADOPTING THE FISCAL YEAR 2017/18 SPRINGFIELD ECONOMIC
DEVELOPMENT AGENCY BUDGET, MAKING APPROPRIATIONS, AND DIRELIING THE
DIVISION OF THE PROPERTY TAX.
WHEREAS, on May 9, 2017, the Budget Committee of the Springfield Economic
Development Agency (SEDA) met and reviewed the proposed 2017/18 SEDA budget;
and
WHEREAS, on May 9, 2017, the Budget Committee recommended approval of the
2017/18 SEDA budget for adoption by the SEDA Board of Directors; and
WHEREAS, on June 12, 2017, 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, 2017.
Section 2. The Agency budget for the Springfield Economic Development Agency
for the fiscal year beginning July 1, 2017, and ending June 30, 2018, as
approved by the City of Springfield Budget Committee in the total amount of
$4,069,657 hereby adopted.
Section 3. The adopted appropriations, for the fiscal year beginning July 1,
2017, and ending June 30, 2018, as set forth in Exhibit"A" is hereby adopted.
Springfield Economic Development Agency
Appropriations (All Funds)
Materials and Services $ 1,016,340
Capital Projects 1,340,500
Debt Service 697,832
Transfers -
Reserves 1,014,985
TOTAL APPROPRIATIONS —ALL FUNDS $ 4,069,657
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Resolution No. 2017-02
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 lc, Article IX, of the Oregon Constitution
and ORS Chapter 457.
The above resolution and statements were approved and declared adopted on the
12th day of June, 2017, by a vote of 6 for and 0 against.
(1 abs - Leiken)
44111 (i)
Sean VanGordon, Chair
Springfield Economic Development Agency
Board of Directors
ATTEST:
Marilee Woodrow, Secretary
Springfield Economic Development Agency
Board of Directors
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LEGAL APPROPRIATIONS LEVEL
QSEDA Glenwood General Fund -229 Dollar Amount
Operating
Material and Services $ 449,640
Capital Projects $ 1,340,500
Non-Departmental
Debt Service $ 337,332
Reserves 972,554
Total Non-Departmental $ 1,309,886
Total SEDA Glenwood General Fund $ 3,100,026
SEDA Downtown General Fund -230
Operating
Material and Services $ 566,700
Capital Projects $ -
Non-Departmental
Debt Service $ 360,500
11) Reserves 42,431
Total Non-Departmental $ 402,931
Total SEDA Downtown General Fund $ 969,631
SEDA Glenwood Capital Projects Fund -429
Total SEDA Glenwood Capital Projects Fund $ -
SEDA Downtown Capital Projects Fund-430
Total SEDA Downtown Capital Projects Fund $ -
TOTAL RESOLUTION $ 4,069,657
C
Exhibit A- Page 1 RESOLUTION NO.2017-02