HomeMy WebLinkAboutResolution SEDA 2015-03 06/08/2015 Resolution No. SEDA2015-03
A RESOLUTION ADOPTING THE FISCAL YEAR 2015/16 SPRINGFIELD
ECONOMIC DEVELOPMENT AGENCY BUDGET, MAKING
APPROPRIATIONS, AND DIRECTING THE DIVISION OF THE PROPERTY
TAX.
WHEREAS, on April 21, 2015, the Budget Committee of the Springfield Economic
Development Agency (SEDA) met and reviewed the proposed 2015/16 SEDA budget;
and
WHEREAS, on April 21, 2015,the Budget Committee recommended approval of the
2015/16 SEDA budget for adoption by the SEDA Board of Directors; and
WHEREAS, on June 8, 2015, 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, 2015.
Section 2. The Agency budget for the Springfield Economic Development
Agency for the fiscal year beginning July 1, 2015, and ending June 30, 2016, as
approved by the City of Springfield Budget Committee in the total amount of
$4,809,722 hereby adopted.
Section 3. The adopted appropriations, for the fiscal year beginning July 1, 2015,
and ending June 30, 2016, as set forth in Exhibit"A" is hereby adopted.
Springfield Economic Development Agency Appropriations (All Funds)
Materials and Services $ 733,275
Capital Projects 3,100,000
Debt Service 746,500
Transfers 0
Reserves 229,947
TOTAL APPROPRIATIONS—ALL FUNDS $ 4,809,722
Attachment 1 —Page 1
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 8th
day of June, 2015, by a vote of 6 for and 0 against. (2 absent)
ipp
Sean VanGordon, C'
Springfield Economic Development Agency
Board of Directors
ATTEST:
RMEW L P ED
Le . :;S i AS TO!F
Marilee Woodrow, Secretary `/�f
Springfield Economic Development Agency DATE: MINA
Board of Directors OFFICE 0 I 'T ORNEY
Attachment 1 —Page 2
RESOLUTION NO. SEDA2015-03