HomeMy WebLinkAboutResolution SEDA 2011-02 06/13/2011 Resolution No. 2011-02
A RESOLUTION ADOPTING THE FISCAL YEAR 2011/12 SPRINGFIELD
ECONOMIC DEVELOPMENT AGENCY BUDGET, MAKING
APPROPRIATIONS,AND DIRECTING THE DIVISION OF THE PROPERTY
TAX
WHEREAS, on May 3, 2011, the Budget Committee of the Springfield Economic
Development Agency(SEDA) met and reviewed the proposed 2011/12 SEDA budget;
and
WHEREAS, on May 3, 2011, the Budget Committee recommended approval of the
2011/12 SEDA budget for adoption by the SEDA Board of Directors; and
WHEREAS, on June 13, 2011, 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, 2011.
Section 2. The Agency budget for the Springfield Economic Development
Agency for the fiscal year beginning July 1, 2011, and ending June 30, 2012, as
approved by the City of Springfield Budget Committee in the total amount of
$2,235,050 is hereby adopted.
Section 3. The adopted appropriations, for the fiscal year beginning July 1, 2011,
and ending June 30, 2012, as set forth in Exhibit"A" is hereby adopted.
Springfield Economic Development Agency Appropriations (All Funds)
Materials and Services $ 1,166,155
Capital Outlay 650,000
Debt Service 315,100
Transfers 100,000
Reserves 3,795
TOTAL APPROPRIATIONS —ALL FUNDS $ 2,235,050
Attachment A—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 13th
day of June, 2011, by a vote of 8 for and 0 against. (1 absent)
44 I A / A'A
Dave Ralston, Chair
Springfield Economic Development Agency
Board of Directors
ATTEST
S'''1-P---- ‘7
Sheri Moore, Secret y
Springfield Economic Development Agency
Board of Directors
REVIEWED&APPROVED
AS TO FOAM
DATE I// -• -aft
SPRINGFIELD ECONOMIC DEVELORMINTAGINGT
Attachment A—Page 2
RESOLUTION NO. 2011-02
LEGAL APPROPRIATIONS LEVEL
Dollar Amount
SEDA Glenwood General Fund-229
Operating
Material and Services $ 749,920
Non-Departmental
Debt Service $ 295,000
Reserves 2,569
Total Non-Departmental $ 297,569
Total SEDA Glenwood General Fund $ 1,047,489
SEDA Downtown General Fund- 230
Operating
Material and Services $ 416,235
Non-Departmental
Debt Service $ 20,100
Reserves 347
Total Non-Departmental $ 20,447
Total SEDA Downtown General Fund $ 436,682
SEDA Glenwood Capital Projects Fund -429
Capital Outlay $ 200,000
Non-Departmental
Transfers $ 100,000
Reserves 879
Total Non-Departmental $ 100,879
Total SEDA Glenwood Capital Projects Fund $ 300,879
SEDA Downtown Capital Projects Fund-430
Capital Outlay $ 450,000
Total SEDA Downtown Capital Projects Fund $ 450,000
TOTAL RESOLUTION $ 2,235,050
Exhibit A- Page 1 RESOLUTION NO 2011-02