HomeMy WebLinkAboutResolution SEDA 2014-01 06/09/2014 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.
WHEREAS, on May 6, 2014,the Budget Committee of the Springfield Economic
Development Agency(SEDA)met and reviewed the proposed 2014/15 SEDA budget;
and
WHEREAS, on May 6, 2014, the Budget Committee recommended approval of the
2013/14 SEDA budget for adoption by the SEDA Board of Directors; and
WHEREAS, on June 9, 2014,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, 2014.
Section 2. The Agency budget for the Springfield Economic Development
Agency for the fiscal year beginning July 1, 2014, and ending June 30, 2015, as
approved by the City of Springfield Budget Committee in the total amount of
$5,056,530 is hereby adopted.
Section 3. The adopted appropriations, for the fiscal year beginning July 1, 2014,
and ending June 30, 2015, as set forth in Exhibit"A" is hereby adopted.
Springfield Economic Development Agency Appropriations (All Funds)
Materials and Services $ 460,646
Capital Projects 3,740,000
Debt Service 580,000
Transfers 0
Reserves 275,884
TOTAL APPROPRIATIONS —ALL FUNDS $ 5,056,530
Attachment 1 —Page 1
RESOLUTION NO. SEDA2014-01
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 9th
day of June, 2014, by a vote of 5 for and 0 against. (2 absent)
II- illary Wylie, Chair
Springfield Economic Development Agency
Board of Directors
ALIO
Sheri Moore, S. r�ary� REVIEWED a APPROVED
Springfield E,onomic Development Agency AS TO
Board of Directors DATE: ' _ /���.7ii
OFFICE OF AT 0•N Y
Attachment 1 —Page 2
RESOLUTION NO. SEDA2014-01
LEGAL APPROPRIATIONS LEVEL
Dollar Amount
SEDA Glenwood General Fund-229
Operating
Material and Services $ 247,848
Capital Projects $ -
Non-Departmental
Debt Service $ 320,000
Reserves 273,071
Total Non-Departmental $ 593,071
Total SEDA Glenwood General Fund $ 840,919
SEDA Downtown General Fund-230
Operating
Material and Services $ 212,798
Capital Projects $ 140,000
Non-Departmental
Debt Service $ 260,000
Reserves 2,813
Total Non-Departmental $ 262,813
Total SEDA Downtown General Fund $ 615,611
SEDA Glenwood Capital Projects Fund-429
Capital Projects $ 3,600,000
Total SEDA Glenwood Capital Projects Fund $ 3,600,000
SEDA Downtown Capital Projects Fund-430
Total SEDA Downtown Capital Projects Fund $ -
TOTAL RESOLUTION $ 5,056,530
Exhibit A- Page 1
RESOLUTION NO. SEDA2014-01