HomeMy WebLinkAboutResolution SEDA 2010-02 06/14/2010 Resolution No. 2010-02
A RESOLUTION ADOPTING THE FISCAL YEAR 2010/11 SPRINGFIELD
ECONOMIC DEVELOPMENT AGENCY BUDGET, MAKING
APPROPRIATIONS, AND DIRECTING THE DIVISION OF THE PROPERTY
TAX.
WHEREAS, on May 11, 2010,the Budget Committee of the Springfield Economic
Development Agency(SEDA) met and reviewed the proposed 2010/11 SEDA budget;
and
WHEREAS, on May 11, 2010,the Budget Committee recommended approval of the
2010/11 SEDA budget for adoption by the SEDA Board of Directors; and
WHEREAS, on June 14, 2010, 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 BY 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 State of Oregon, Executive Department,
prior to July 15, 2010.
Section 2. The Agency budget for the Springfield Economic Development
Agency for the fiscal year beginning July 1, 2010, and ending June 30, 2011, as
approved by the City of Springfield Budget Committee in the total amount of
$2,182,889 is hereby adopted.
Section 3. The adopted appropriations, for the fiscal year beginning July 1, 2010,
and ending June 30, 2011, as set forth in Exhibit"A"is hereby adopted.
Springfield Economic Development Agency Appropriations (All Funds)
Materials and Services $ 895,523
Capital Outlay 350,000
Debt Service 363,555
Reserves 573,751
TOTAL APPROPRIATIONS—ALL FUNDS $ 2,182,889
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 14th
day of June, 2010, by a vote of 5 for and 0 against. (4 absent)
Da4
Joe-Pishioneri;€hair Dave Ralston, Vice Chair
Springfield Economic Development Agency
Board of Directors
ATTEST:
Christine Lundberg, Secretary
Springfield Economic Development Agency
Board of Directors
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OFFICE OF CITY ATTORNEY
Attachment A—Page 2
.
LEGAL APPROPRIATIONS LEVEL
Dollar Amount
SEDA Glenwood General Fund -229
Operating
Material and Services $ 620,238
Non-Departmental
Debt Service $ 301,455
Reserves 220
Total Non-Departmental $ 301,675
Total SEDA Glenwood General Fund $ 921,913
SEDA Downtown General Fund -230
Operating
Material and Services $ 275,285
Non-Departmental
Debt Service $ 62,100
Reserves 2,820
Total Non-Departmental $ 64,920
Total SEDA Downtown General Fund $ 340,205
SEDA Glenwood Capital Projects Fund -429
Capital Outlay $ 350,000
Non-Departmental
Reserves $ 570,771
Total Non-Departmental $ 570,771
Total SEDA Glenwood Capital Projects Fund $ 920,771
TOTAL RESOLUTION S 2,182,889
C
Exhibit A- Page 1