HomeMy WebLinkAboutResolution SEDA 2013-02 01/23/2013 SPRINGFIELD ECONOMIC DEVELOPMENT AGENCY
RESOLUTION NO. SEDA2013-02
A RESOLUTION ADJUSTING RESOURCES AND REQUIREMENTS IN THE FOLLOWING FUNDS:
SEDA Glenwood General and SEDA Downtown General
WHEREAS,the 2012-2013 fiscal year appropriations for the Springfield Economic Development Agency(SEDA)
were made by Resolution No.SEDA2012-02 dated June 18,2012;and,
WHEREAS,at various times during the fiscal year the SEDA Board of Directors is requested to make adjustments to
the fiscal year budget to reflect needed changes in planned activities,to recognize new revenues,or to make other
required adjustments;and,
WHEREAS,the SEDA Board of Directors handles such requests for adjustment to the budget through Supplemental
Budget Resolutions presented at public hearings at which the public may comment on such requests;and,
WHEREAS,notice of a public hearing,including information regarding such revenues and expenditures was
published in a newspaper of general circulation not less than 5 days prior to the public meeting.
WHEREAS,this supplemental Budget#2 as amended by Supplemental Budget#1 Resolution SEDA2013-0I,for the
2012-2013 fiscal year,amends Resolution SEDA2012-02.
NOW,THEREFORE,BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE SPRINGFIELD
ECONOMIC DEVELOPMENT AGENCY,An Urban Renewal Agency of the State of Oregon,as follows:
Section I. Supplemental Budget No.2 for the 2012-2013 Fiscal Year amending Resolution SEDA2012-02 is hereby
adjusted as follows:
SEDA GLENWOOD GENERAL-FUND 229
Estimated Revenues Appropriations
Current Taxes $ 105,000 Departmental
Development&Public Works $ (200,000)
Non Departmental
Debt Services $ 105,000
Capital Projects $ 200,000
Total Non Departmental $ 305,000
Total SEDA Glenwood General Total SEDA Glenwood General
Fund $ 105.000 Fund S 105.000
Comments: Due to the contractual obligation of SEDA to the City it must remit all property tax revenue each year
towards its revolving fund loan with the City. This request also moves appropriation from materials and services to
capital projects for the correct accounting of the NEPA study formerly approved by SEDA Board.
Section 2. This resolution shall take effect upon adoption by the Board of Directors.
Adopted by the Board of Directors of the Springfield Economic Development Agency this 23rd day of January,2012,by a
vote of 8 for and 0 against.
Hillary JVy1Ye-Ch it
Springfield Economic Development Agency
Board of Directors
A
Sheri oor -Secretary
Springfield Econom' Development Agency
Board f Directors REV:04 i ° IPp ROVED
AS T
AWAFg
DAT' : ors
OFFICE 0 CITY ATTORNEY
RESOLUTION NO. SEDA2013-02