HomeMy WebLinkAboutResolution SEDA2023-04 06/12/2023 SPRINGFIELD ECONOMIC DEVELOPMENT AGENCY
RESOLUTION NO. SEDA2023-04
FY24 ADOPTED BUDGET
A RESOLUTION ADOPTING THE FISCAL YEAR 2023/24 SPRINGFIELD ECONOMIC
DEVELOPMENT AGENCY BUDGET, MAKING APPROPRIATIONS, AND DIRECTING THE
DIVISION OF THE PROPERTY TAX
WHEREAS, on May 9, 2023, the Budget Committee of the Springfield Economic Development
Agency (SEDA) met and reviewed the proposed 2023/24 SEDA budget; and
WHEREAS, on May 9, 2023, the Budget Committee recommended approval of the 2023/24
SEDA budget for adoption by the SEDA Board; and
WHEREAS, on June 12, 2023, the SEDA Board held a public hearing on the 2023/24 budget;
and
WHEREAS, the SEDA Board finds that adopting the budget and making appropriations is
necessary and complies with all applicable requirements 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 Springfield Urban Renewal Agency is directed to file a
certified copy of this resolution with the Lane County Department of Assessment &
Taxation, prior to July 15, 2023.
Section 2. The budget for the Springfield Economic Development Agency for the fiscal year
beginning July 1, 2023 and ending June 30, 2024, as approved by the SEDA Budget
Committee, in the total amount of $9,380,071 is hereby adopted.
Section 3. The amounts for the fiscal year beginning July 1, 2023 and ending June 30, 2024
and for the purposes shown in Exhibit A, attached hereto, are hereby appropriated.
Section 4. The SEDA Board hereby certifies to the County Assessor a request for the Glenwood
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. The SEDA Board hereby certifies to the County Assessor a request for the Downtown
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 6. This Resolution will take effect immediately upon adoption by the SEDA Board.
ADOPTED by the Springfield Economic Development Agency Board this 12th day of June, 2023,
by a vote of 8 for and 0 against.
r
Joe Pishioneri, Board Chair
Springfield Economic Development Agency
ATTEST:
Victoria Doyle, Board Secretary
Springfield Economic Development Agency
Resolution No. SEDA2023-04
Exhibit A Page 1 of 1
LEGAL APPROPRIATIONS LEVEL
Dollar Amount
SEDA Glenwood General Fund-229
Operating
Material and Services $ 296,764
Capital Projects 3,194,000
Non-Departmental
Debt Service 1,244,640
Reserves 567,939
Total Non-Departmental 1,812,579
Total SEDA Glenwood General Fund $ 5,303,343
SEDA Downtown General Fund-230
Operating
Materials and Services $ 439,992
Capital Projects 550,000
Non-Departmental
Debt Service (Interfund) 2,155,000
Reserves 873,129
Total Non-Departmental 3,028,129
Total SEDA Downtown General Fund $ 4,018,121
SEDA Glenwood Capital Proiects Fund-429
Capital Projects $ 56,191
Non-Departmental
Reserves 2,416
Total SEDA Glenwood Capital Projects Fund $ 58,607
TOTAL RESOLUTION $ 9,380,071
Resolution No. SEDA2023-04