HomeMy WebLinkAboutResolution SEDA 2008-01 06/23/2008 Resolution No. 2008-01
A RESOLUTION ADOPTING THE FISCAL YEAR 2008/09 SPRINGFIELD
ECONOMIC DEVELOPMENT AGENCY BUDGET, MAKING
APPROPRIATIONS, AND DIRECTING THE DIVISION OF THE PROPERTY
TAX.
WHEREAS, on May 13, 2008, the Budget Committee of the Springfield Economic
Development Agency (SEDA)met and reviewed the proposed 2008/09 SEDA budget;
and
WHEREAS, on May 13, 2008, the Budget Committee recommended approval of the
2008/09 SEDA budget for adoption by the SEDA Board of Directors; and
WHEREAS, on June 23, 2008,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 31, 2008.
Section 2. The Agency budget for the Springfield Economic Development
Agency for the fiscal year beginning July 1, 2008, and ending June 30, 2009, as
approved by the City of Springfield Budget Committee in the total amount of
$4,105,996 is hereby adopted.
Section 3. The adopted appropriations, for the fiscal year beginning July 1, 2008,
and ending June 30, 2009, as set forth in Exhibit"A" is hereby adopted.
Springfield Economic Development Agency Appropriations (All Funds)
Operations $ 755,561
Capital Projects 2,624,000
Transfers 568,435
Debt Service 108,000
Reserves 50,000
TOTAL APPROPRIATIONS—ALL FUNDS $ 4,105,996
Resolution No. 2008-01
Section 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 23`d
day of June, 2008, by a vote of 5 for and 0 against. (4 Absent)
,117//i(1/.
Woodrow, Chair
Springfield Economic Development Agency
Board of Directors
ATTEST:
Christine Lundberg, Secret
Springfield Economic Development Agency
Board of Directors
REVIEWED &APPROVED
AS TO FORM
DATE: C. \ lct (D%
OFFICE OF CITY ATTORNEY
LEGAL APPROPRIATIONS LEVEL
Dollar Amount
SEDA Glenwood General Fund -229
Operating $ 705,561
Non-Departmental
Transfers $ 568,435
Debt Service 108,000
Reserves 50,000
Total Non-Departmental $ 726,435
Total SEDA Glenwood General Fund $ 1,431,996
SEDA Downtown General Fund -230
Operating $ 50,000
Total SEDA Downtown General Fund $ 50,000
SEDA Glenwood Capital Projects Fund -429
Capital Projects $ 2,624,000
Total SEDA Glenwood Capital Projects Fund $ 2,624,000
TOTAL RESOLUTION $ 4,105,996
Exhibit A- Page 1 of 1