HomeMy WebLinkAboutSEDA Resolution 2019-01 06/10/2019 SPRINGFIELD ECONOMIC DEVELOPMENT AGENCY
RESOLUTION NO. 2019-01
FY20 ADOPTED BUDGET
A RESOLUTION ADOPTING THE FISCAL YEAR 2019/20 SPRINGFIELD ECONOMIC
DEVELOPMENT AGENCY BUDGET, MAKING APPROPRIATIONS, AND DIRECTING THE
DIVISION OF THE PROPERTY TAX.
WHEREAS, on May 14, 2019, the Budget Committee of the Springfield Economic
Development Agency (SEDA) met and reviewed the proposed 2019/20 SEDA budget;
and
WHEREAS, on May 14, 2019, the Budget Committee recommended approval of the
2019/20 SEDA budget for adoption by the SEDA Board of Directors; and
WHEREAS, on June 10, 2019, 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, 2019.
Section 2. The Agency budget for the Springfield Economic Development Agency
for the fiscal year beginning July 1, 2019, and ending June 30, 2020, as
approved by the City of Springfield Budget Committee in the total amount of
$3,181,636 hereby adopted.
Section 3. The adopted appropriations, for the fiscal year beginning July 1,
2019, and ending June 30, 2020, as set forth in Exhibit"A" is hereby adopted.
Springfield Economic Development Agency
Appropriations (All Funds)
Materials and Services $ 703,301
Capital Projects 137,000
Interfund Transfers 137,000
Debt Service 727,903
Reserves 1.476.432
TOTAL APPROPRIATIONS - ALL FUNDS $3,181,636
Resolution No.
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 lc, Article IX, of the Oregon Constitution
and ORS Chapter 457.
The above resolution and statements were approved and declared adopted on the
10th day of June, 2019, by a vote of 7 for and 0 against. (1 absent - VanGordon)
Sheri Moore, Chair
Springfield Economic Development Agency
Board of Directors
ATTEST:
� c PLAdta.
Leona Stoehr, Secretary
Springfield Economic Development Agency
Board of Directors
SEDA RESOLUTION NO. 2019-01
Exhibit A, Page 1 of 1
LEGAL APPROPRIATIONS LEVEL
Dollar Amount
• SEDA Glenwood General Fund-229
Operating
Material and Services $ 259,015
Non-Departmental
Interfund Transfer $ 137,000
Debt Service 727,903
Reserves 420,521
Total Non-Departmental $ 1,285,424
Total SEDA Glenwood General Fund S 1,544,439
SEDA Downtown General Fund-230
Operating
Material and Services $ 444,286
Non-Departmental
Reserves 1,055,678
Total Non-Departmental $ 1,055,678
Total SEDA Downtown General Fund S 1,499,964
SEDA Glenwood Capital Projects Fund -429
Capital Projects $ 137,000
Non-Departmental
Reserves $ 233
Total SEDA Glenwood Capital Projects Fund 137,233
TOTAL RESOLUTION S 3,181,636
REVIEWED&APPROVED
AST FORM
DATE:
SPRINGFIELD ECONOMIC DEVELOPMENT AGENCY
Exhibit A- Page 1
SEDA RESOLUTION NO. 2019-01