HomeMy WebLinkAboutResolution SEDA2021-02 06/28/2021 SPRINGFIELD ECONOMIC DEVELOPMENT AGENCY
RESOLUTION NO. SEDA2021-02
FY22 ADOPTED BUDGET
A RESOLUTION ADOPTING THE FISCAL YEAR 2021/22 SPRINGFIELD ECONOMIC
DEVELOPMENT AGENCY BUDGET, MAKING APPROPRIATIONS, AND DIRECTING THE
DIVISION OF THE PROPERTY TAX
WHEREAS, on May 11, 2021, the Budget Committee of the Springfield Economic
Development Agency (SEDA) met and reviewed the proposed 2021/22 SEDA budget;
and
WHEREAS, on May 11, 2021, the Budget Committee recommended approval of the
2021/22 SEDA budget for adoption by the SEDA Board; and
WHEREAS, on June 28, 2021, the SEDA Board held a public hearing on the approved
budget; and
WHEREAS, the SEDA Board 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, 2021.
Section 2. The Agency budget for the Springfield Economic Development Agency
for the fiscal year beginning July 1, 2021, and ending June 30, 2022, as
approved by the SEDA Budget Committee in the total amount of $5,040,940
hereby adopted.
Section 3. The adopted appropriations, for the fiscal year beginning July 1,
2021, and ending June 30, 2022, as set forth in Exhibit"A" is hereby adopted.
Section 4. The SEDA Board hereby certifies 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.
Section 5. This Resolution will take effect immediately upon adoption by the SEDA
Board.
SEDA Resolution No.SEDA2021-02
ADOPTED by the Springfield Economic Development Agency Board this 28th day of
June, 2021, by a vote of _______ for and _______ against.
___________________________________
Marilee Woodrow, Chair
Springfield Economic Development Agency
Board of Directors
ATTEST:
________________________________________
Leonard Stoehr, Secretary
Springfield Economic Development Agency
Board of Directors
7.39.32
SEDA Resolution No. SEDA2021-02
Exhibit A, Page 1 of 1
LEGAL APPROPRIATIONS LEVEL
Dollar Amount
SEDA Glenwood General Fund - 229
Operating
Material and Services$343,731
Non-Departmental
Debt Service727,903
Reserves650,197
Total Non-Departmental$1,378,100
Total SEDA Glenwood General Fund$1,721,831
SEDA Downtown General Fund - 230
Operating
Materials and Services$2,061,342
Non-Departmental
Debt Service (Interfund)853,500
Reserves404,059
Total Non-Departmental$1,257,559
Total SEDA Downtown General Fund$ 3,318,901
SEDA Glenwood Capital Projects Fund - 429
Non-Departmental
Reserves$208
Total SEDA Glenwood Capital Projects Fund 208
TOTAL RESOLUTION$ 5,040,940
SEDA Resolution No. SEDA2021-02