HomeMy WebLinkAboutResolution SEDA 2008-02 06/23/2008 SPRINGFIELD ECONOMIC DEVELOPMENT AGENCY
RESOLUTION NO. 700R-02
A RESOLUTION ADJUSTING RESOURCES AND REQUIREMENTS IN THE FOLLOWING FUNDS:
SEDA Glenwood General and SEDA Glenwood Capital Projects.
WHEREAS,the 2007-2008 fiscal year appropriations for the Springfield Economic Development Agency(SEDA)were made by
Resolution No.2007-03 dated June 25,2007;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. I for the 2007-2008 Fiscal Year amending Resolution 2007-03 is hereby adjusted as follows:
SEDA GLENWOOD GENERAL-FUND 229
Estimated Revenues Appropriations
$ Departmental
City Manager's Office $ (3,500)
Finance 3,500
Total Departmental
Total SEDA Glenwood General Fund $ Total SEDA Glenwood General Fund
SEDA GLENWOOD CAPITAL PROJECTS-FUND 429
Estimated Revenues Appropriations
Beginning Cash 20,136 Non Departmental
Reserves 20,136
Total SEDA Glenwood Capital Total SEDA Glenwood Capital
Projects Fund $ 20,136 Projects Fund $ 20,136
Estimated Revenues Appropriations
Total Supplemental Budget $ 20,136 Total Supplemental Budget $ 20,136
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 June,2008,by a vote of
5 for and 0 against. (4 Absent)
John Woodrow-Chair
Springfield Economic Development Agency
Board of Directors
ATTtEST:
Christine Lundberg ecretary
Springfield Economic De' opment Agency
Board of Directors
REVIEWED &APPROVED
AS AO FORM
DATE: l b 8 _
OFFICE OF CITY ATTORNEY
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