HomeMy WebLinkAboutResolution SEDA 2012-02 06/18/2012 Resolution No. SEDA 2012-02
A RESOLUTION ADOPTING THE FISCAL YEAR 2012/13 SPRINGFIELD
ECONOMIC DEVELOPMENT AGENCY BUDGET, MAKING
APPROPRIATIONS, AND DIRECTING THE DIVISION OF THE PROPERTY
TAX.
WHEREAS, on May 1, 2012, the Budget Committee of the Springfield Economic
Development Agency(SEDA) met and reviewed the proposed 2012/13 SEDA budget;
and
WHEREAS, on May 1, 2012, the Budget Committee recommended approval of the
2012/13 SEDA budget for adoption by the SEDA Board of Directors; and
WHEREAS, on June 18, 2012,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, 2012.
Section 2. The Agency budget for the Springfield Economic Development
Agency for the fiscal year beginning July 1, 2012, and ending June 30, 2013, as
approved by the City of Springfield Budget Committee in the total amount of
$1,034,000 is hereby adopted.
Section 3. The adopted appropriations, for the fiscal year beginning July 1, 2012,
and ending June 30, 2013, as set forth in Exhibit"A" is hereby adopted.
Springfield Economic Development Agency Appropriations (All Funds)
Materials and Services $ 469,851
Capital Outlay 50,000
Debt Service 466,300
Transfers 0
Reserves 47,849
TOTAL APPROPRIATIONS—ALL FUNDS $ 1,034,000
Attachment A—Page 1
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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 18th
day of June, 2012, by a vote of 7 for and 0 against. (2 absent)
4W
Hi lary W e, Ch r
Springfield Economic Development Agency
Board of Directors
ATT
t
Sheri oore, Secre y
Springfield Econo is Development Agency
Board of Directors
REVIEWED a APPROVED
AS TO FORM
.13‘11
Attachment A—Page 2
DATE: ).7Z ?/Z
SPRINGFIELD AGENCY RESOLUTION NO. SEDA 2012-02
LEGAL APPROPRIATIONS LEVEL
Dollar Amount
SEDA Glenwood General Fund-229
Operating
Material and Services $ 289,262
Capital Outlay $ 50,000
Non-Departmental
Debt Service $ 290,900
Reserves 25,638
Total Non-Departmental $ 316,538
Total SEDA Glenwood General Fund $ 655,800
SEDA Downtown General Fund-230
Operating
Material and Services $ 180,589
Non-Departmental
Debt Service $ 175,400
Reserves 22,211
Total Non-Departmental $ 197,611
Total SEDA Downtown General Fund $ 378,200
SEDA Glenwood Capital Projects Fund-429
Total SEDA Glenwood Capital Projects Fund $ -
SEDA Downtown Capital Projects Fund-430
Total SEDA Downtown Capital Projects Fund S -
TOTAL RESOLUTION $ 1,034,000
Exhibit A- Page 1
RESOLUTION NO. SEDA 2012-02