URA Resolution 2026-01 - 26 -27 Budget Adoption WOODBURN URBAN RENEWAL AGENCY RESOLUTION NO. 2026-01
A RESOLUTION ADOPTING THE CITY OF WOODBURN URBAN RENEWAL BUDGET
FOR THE FISCAL YEAR (FY) 2026-27; MAKING BUDGET APPROPRIATIONS; AND
IMPOSING THE TAXES
WHEREAS, the Woodburn Urban Renewal Agency Budget
Committee met and approved the Proposed Budget on April 25, 2026; and
WHEREAS, the Notice of Budget Hearing and Financial Summary were
published in the Woodburn Independent on May 27, 2026, as required by
ORS 294.438; and
WHEREAS, a public hearing was held on June 8, 2026: 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 2026-27 in the sum of $5,671,120. 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, 2026 and
for the purposes shown below are hereby appropriated as follows:
Urban Renewal Fund FY 2026-27
Administration 818,260
Debt Service 868,000
Transfers 2,750,000
Contingency -
4,436,260
Unappropriated &Reserves 1,234,860
Total Budget 5,671,120
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
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1" urban renewal agency, authorizes certification to the Marion County
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:____________________ ____
City AJney Date
APPROVED:
Frank L ergan, May r
Passed by the Council
Submitted to the Mayor
Approved by the Mayor
Filed in the Office of the Recorder
ATTEST: Pt
Heather Pierson, City Recorder
City of Woodburn, Oregon
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