URA Resolution 2024-01 - Budget Adoption WOODBURN URBAN RENEWAL AGENCY RESOLUTION NO. 2024-01
A RESOLUTION ADOPTING THE CITY OF WOODBURN URBAN RENEWAL BUDGET
FOR THE FISCAL YEAR (FY) 2024-25; MAKING BUDGET APPROPRIATIONS; AND
IMPOSING THE TAXES
WHEREAS, the Woodburn Urban Renewal Agency Budget
Committee met and approved the Proposed Budget on April 27, 2024; and
WHEREAS, the Notice of Budget Hearing and Financial Summary were
published in the Woodbum Independent on May 29, 2024, as required by
ORS 294.438; and
WHEREAS, a public hearing was held on June 10, 2024: NOW,
THEREFORE,
THE WOODBURN URBAN RENEWAL AGENCY RESOLVES AS FOLLOWS:
Section 1. The Woodburn Urban Renewal Agency Board adopts the
budget for the fiscal year 2024-25 in the sum of $1 ,870,590. A copy of the
budget document is now on file at City Hall, 270 Montgomery St,
Woodburn, Oregon.
Section 2. The amounts for the fiscal year beginning July 1, 2024, and
for the purposes shown below are hereby appropriated as follows:
Urban Renewal Fund FY 2024-25
Administration 676,680
Debt Service 335,860
Transfers
Contingency 70,000
1,082,540
Unappropriated & Reserves 788,050
Total Budget 1,870,590
Section 3. Pursuant to Article IX (Finance) Section 1 c (Financing
Redevelopment and Urban Renewal Projects) of the Oregon Constitution
and ORS Chapter 457, the Woodburn Urban Renewal District, as an "Option
1" urban renewal agency, authorizes certification to the Marion County
Page 1— RESOLUTION NO. 2024-01
Assessor for the Woodburn Urban Renewal Agency Plan Area a request for
the maximum amount of revenue that may be raised by dividing the taxes
under Article IX, Section 1 c of the Oregon Constitution with none of this
amount to be raised by a special levy.
Approved as to Form: M. 4� 19 6Pllzo z A/
City Att4/rng-y Date
APPROVED:
Frank LiChair'
ergan, Ch
Passed by the Agency 0 lDR OZ-4
Submitted to the Chair Z-4
Approved by the Chair 'Tuz-' 'Zoz�-f
Filed in the Office of the Recorder L ,
ATTEST: Uy
Heather Pierson, City Recorder
City of Woodburn, Oregon
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