URA Resolution 2025-01 - 2025/2026 Budget Adoption WOODBURN URBAN RENEWAL AGENCY RESOLUTION NO. 2025-01
A RESOLUTION ADOPTING THE CITY OF WOODBURN URBAN RENEWAL BUDGET
FOR THE FISCAL YEAR (FY) 2025-26; MAKING BUDGET APPROPRIATIONS; AND
IMPOSING THE TAXES
WHEREAS, the Woodburn Urban Renewal Agency Budget
Committee met and approved the Proposed Budget on April 26, 2025; and
WHEREAS, the Notice of Budget Hearing and Financial Summary were
published in the Woodburn Independent on May 28, 2025, as required by
ORS 294.438; and
WHEREAS, a public hearing was held on June 9, 2025: 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 2025-26 in the sum of $5,511,860. 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, 2025 and
for the purposes shown below are hereby appropriated as follows:
Urban Renewal Fund ICY 202-S-2
Administration ,,0 , 20
Debt Service 866,400
Transfers 2,750,000
Contingency
, .2, 20
Unappropriated&Reserves 799,040
Teal Budget S,S11.,860
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
Assessor for the Woodburn Urban Renewal Agency Plan Area a request for
Page 1— RESOLUTION NO. 2025-01
the maximum amount of revenue that may be raised by dividing the faxes
under Article IX, Section 1c of the Oregon Constitution with none of this
amount to be raised by a special levy.
Approved as to Form: Cks�5 A2120XS
City Attorney Date
APPROVED: "Oil - 71tL-Iz,�kll—
Frank16nergan, MJY o r
Passed by the Council June 900.E
Submitted to the Mayor L \4 2 4)L,S;
Approved by the Mayor i
Filed in the Office of the Recorder ILAL A-S; 2,0Z--5-
ATTEST:
Heather Pierson, City Recorder
City of Woodburn, Oregon
Page 2- RESOLUTION NO. 2025-01