HomeMy WebLinkAboutSEDA Resolution 2020-03 06/22/2020
SPRINGFIELD ECONOMIC DEVELOPMENT AGENCY
RESOLUTION NO. ___________
FY21 ADOPTED BUDGET
A RESOLUTION ADOPTING THE FISCAL YEAR 2020/21 SPRINGFIELD ECONOMIC
DEVELOPMENT AGENCY BUDGET, MAKING APPROPRIATIONS, AND DIRECTING THE
DIVISION OF THE PROPERTY TAX.
WHEREAS, on May 5, 2020, the Budget Committee of the Springfield Economic
Development Agency (SEDA) met and reviewed the proposed 2020/21 SEDA budget;
and
WHEREAS, on May 5, 2020, the Budget Committee recommended approval of the
2020/21 SEDA budget for adoption by the SEDA Board of Directors; and
WHEREAS, on June 22, 2020, the SEDA Board of Directors held a public hearing on the
approved budget; and
WHEREAS, the SEDA Board of Directors desires to adjust the budget as approved by
the Budget Committee to incorporate an increase to the operating expense category for
internal contractual services in order to align with the City of Springfield FY21 Adopted
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, 2020.
Section 2. The Agency budget for the Springfield Economic Development Agency
for the fiscal year beginning July 1, 2020, and ending June 30, 2021, as
approved by the SEDA Budget Committee in the total amount of $3,959,745
hereby adopted.
Section 3. The adopted appropriations, for the fiscal year beginning July 1,
2020, and ending June 30, 2021, is hereby adopted.
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 1c, Article IX, of the Oregon Constitution
and ORS Chapter 457.
The above resolution and statements were approved and declared adopted on the
22nd day of June, 2020, by a vote of _______ for and _______ against.
___________________________________
_
Marilee Woodrow, Chair
Springfield Economic Development Agency
Board of Directors
ATTEST:
________________________________________
6/22/2020
Resolution No. SEDA2020-03
Exhibit A, Page 1 of 1
LEGAL APPROPRIATIONS LEVEL
Dollar Amount
SEDA Glenwood General Fund - 229
Operating
Material and Services$223,717
Non-Departmental
Debt Service 727,905
Reserves839,528
Total Non-Departmental$1,567,433
Total SEDA Glenwood General Fund$1,791,150
SEDA Downtown General Fund - 230
Operating
Material and Services$490,487
Non-Departmental
Reserves1,617,900
Total Non-Departmental$1,617,900
Total SEDA Downtown General Fund$2,108,387
SEDA Glenwood Capital Projects Fund - 429
Capital Projects$ 60,000
Non-Departmental
Reserves$208
Total SEDA Glenwood Capital Projects Fund 60,208
TOTAL RESOLUTION$3,959,745
Resolution No. SEDA2020-03