HomeMy WebLinkAboutResolution SEDA 2010-01 05/24/2010 SPRINGFIELD ECONOMIC DEVELOPMENT AGENCY
RESOLUTION NO. 2010-01
A RESOLUTION ADJUSTING RESOURCES AND REQUIREMENTS IN THE FOLLOWING FUNDS:
SEDA Glenwood General,SEDA Downtown General and SEDA Glenwood Capital Projects.
WHEREAS,the 2009-2010 fiscal year appropriations for the Springfield Economic Development Agency(SEDA)were
made by Resolution No.2009-02 dated June 8,2009;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.
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. Supplemental Budget No. 1 for the 2009-2010 Fiscal Year amending Resolution 2009-02 is hereby adjusted as
follows:
SEDA GLENWOOD GENERAL-FUND 229
Estimated Revenues Appropriations
Beginning Cash Balance $ 3,414 Departmental
City Manager's Office $ (69,000)
Development Services $ 40,000
Public Works 29,000
Total Departmental -
Non Departmental
Reserves 3,414
Total SEDA Glenwood General Total SEDA Glenwood General
Fund S 3.414 Fund $ 3.414
SEDA DOWNTOWN GENERAL-FUND 230
Estimated Revenues Appropriations
Beginning Cash Balance $ 37 Departmental
City Manager's Office $ (61,153)
Development Services 61,153
Total Departmental -
Non Departmental
Reserves 37
Total SEDA Glenwood General Total SEDA Glenwood General
Fund $ 37 Fund $ 37
SEDA GLENWOOD CAPITAL PROJECTS-FUND 429
Estimated Revenues Appropriations
Beginning Cash Balance $ 741,744 Non Departmental
Reserves $ 231,744
Capital Projects 510,000
Total SEDA Glenwood Capital Total SEDA Glenwood Capital
Projects Fund $ 741,744 Projects Fund $ 741,744
Estimated Revenues Appropriations
Total Supplemental Budget $ 745,195 Total Supplemental Budget $ 745,195
Section 2. This resolution shall take effect upon adoption by the Board of Directors. �Jl"
Adopted by the Board of Directors of the Springfield Economic Development Agency this 24th day of 2010,by a vote
of 7 for and 0 against. (2 absent — Stewart and Dwyer)
Joe Pishioneri-Chair
ingfield Economic Development Agency
Board of Directors
ATTEST:
"4019 ,0 ".
Christine Lundberg-Secret.#
Springfield Economic Development Agency
Board of Directors
REVIEWED&APPROVED
AS TO FORM
SPRINGFIRD QAT�
EDMOND ogyagneemeicv
RESOLUTION NO. 2010-01