HomeMy WebLinkAboutResolution SEDA 2016-03 06/13/2016 Resolution No. SEDA2016-03
A RESOLUTION ADOPTING THE FISCAL YEAR 2016/17 SPRINGFIELD
ECONOMIC DEVELOPMENT AGENCY BUDGET, MAKING
APPROPRIATIONS, AND DIRECTING THE DIVISION OF THE PROPERTY
TAX.
WHEREAS, on April 26, 2016, the Budget Committee of the Springfield Economic
Development Agency (SEDA) met and reviewed the proposed 2016/17 SEDA budget;
and
WHEREAS, on April 26, 2016, the Budget Committee recommended approval of the
2016/17 SEDA budget for adoption by the SEDA Board of Directors; and
WHEREAS, on June 13, 2016, 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 15, 2016.
Section 2. The Agency budget for the Springfield Economic Development
Agency for the fiscal year beginning July 1, 2016, and ending June 30, 2017, as
approved by the City of Springfield Budget Committee in the total amount of
$3,605,426 hereby adopted.
Section 3. The adopted appropriations, for the fiscal year beginning July 1, 2016,
and ending June 30, 2017, as set forth in Exhibit"A" is hereby adopted.
Springfield Economic Development Agency
Appropriations (All Funds)
Materials and Services $ 1,039,225
Capital Projects 1,350,000
Debt Service 644,000
Transfers -
Reserves 572,201
TOTAL APPROPRIATIONS -ALL FUNDS $ 3,605,426
Attachment 1 -Page 1
Resolution No. SEDA2016-03
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 1 c, Article IX, of the Oregon
Constitution and ORS Chapter 457.
The above resolution and statements were approved and declared adopted on the 13th
day of June, 2016, by a vote of 5 for and 0 against. (3 Absent)
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Sean VanGordan, Chair
Springfield Economic Development Agency
Board of Directors
ATTEST:
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Marilee Woodrow, S cretary
Springfield Economic Development Agency
Board of Directors
REVIEWED&AP-" • .4•
AS TO „iaJ
DATE: /!/ItiG/N
SPRINGFIELD ECONOMIC DEVELOPMENT AGENCY