HomeMy WebLinkAboutResolution SEDA2022-03 06/13/2022 SPRINGFIELD ECONOMIC DEVELOPMENT AGENCY
RESOLUTION NO. SEDA2022-03
FY23 ADOPTED BUDGET
A RESOLUTION ADOPTING THE FISCAL YEAR 2022/23 SPRINGFIELD ECONOMIC
DEVELOPMENT AGENCY BUDGET, MAKING APPROPRIATIONS, AND DIRECTING THE
DIVISION OF THE PROPERTY TAX
WHEREAS, on May 10, 2022, the Budget Committee of the Springfield Economic Development Agency
(SEDA) met and reviewed the proposed budget for the fiscal year beginning July 1, 2022, and ending
June 30, 2023 ("2022/23 SEDA Budget");
WHEREAS, on May 10, 2022, the Budget Committee recommended approval of the 2022/23 SEDA
budget for adoption by the SEDA Board;
WHEREAS, on June 13, 2022, the SEDA Board held a public hearing on the 2022/23 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 BY THE BOARD 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, 2022.
Section 2. The Agency budget for the Springfield Economic Development Agency for the fiscal year
beginning July 1, 2022, and ending June 30, 2023, as approved by the SEDA Budget Committee in
the total amount of $2,789,547 is hereby adopted.
Section 3. The adopted appropriations, for the fiscal year beginning July 1, 2022, and ending June
30, 2023, as set forth in Exhibit"A"are 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.
ADOPTED by the Springfield Economic Development Agency Board this 13th day of June, 2022, by a
vote of 8 for and 0 against.
Marilee Woodrow, Board Chair
Springfield Economic Development Agency
ATTEST: G,
REVIFWFD&APPROVED
AS TO FORM
Sean VanGordon, Board Secretary x"�Pc"La -aa's-
Springfield Economic Development Agency DATE. ��TF�
SPRINGFIELD CIN ATTORNEY'S OFFICE
Exhibit A, Page 1 of 1
LEGAL APPROPRIATIONS LEVEL
Dollar Amount
SEDA Glenwood General Fund-229
Operating
Material and Services $ 317,705
Non-Departmental
Debt Service 724,520
Reserves 479,767
Total Non-Departmental 1,204,287
Total SEDA Glenwood General Fund $ 1,521,992
SEDA Downtown General Fund-230
Operating
Materials and Services $ 577,216
Non-Departmental
Debt Service (Interfund) 415,000
Reserves 275,131
Total Non-Departmental 690,131
Total SEDA Downtown General Fund $ 1,267,347
SEDA Glenwood Capital Proiects Fund-429
Non-Departmental
Reserves $ 208
Total SEDA Glenwood Capital Projects Fund $ 208
TOTAL RESOLUTION $ 2,789,547
Resolution No. SEDA2022-03