Budget Comm Minutes 5/21/2005
URBAN RENEWAL BUDGET COMMITTEE MINUTES
May 21,2005
DATE. COUNCIL CHAMBERS, CITY HALL, CITY OF WOODBURN, COUNTY OF
MARION, STATE OF OREGON, MAY 21, 2005.
CONVENED. The Budget Committee met at 9:50 a.m. with Chairman Stone presiding
ROLL CALL.
Grayce Higgins
Stan Milne
Flurry Stone
Cindi Vetter
Alma Grijalva
Position II
Absent
Present
Present
Present
Absent
Vacant
Richard Bjelland
Jim Cox
Frank Lonergan
Pete McCallum
Walt Nichols
Elida Sifuentez
Present
Absent
Present
Present
Present
Present
Staff Present: City Administrator Brown, Finance Director Gillespie, City Attorney Shields, Police
Chief Russell, Public Works Director Tiwari, Public Works Manager Rohman, Community
Development Director Mulder, Library Director Sprauer, Parks & Recreation Director Westrick,
Management Analyst Smith, City Recorder Tennant
Also present: Mayor Figley
Tape I
Side A
39.5
PUBLIC HEARING ON URBAN RENEWAL BUDGET FOR FISCAL YEAR 2005-
06.
Chairman Stone declared the public hearing open at 9:51 a.m. for the purpose of receiving
public input on the Urban Renewal budget for fiscal year 2005-06.
Administrator Brown reviewed his Budget Message proposing a budget for fiscal year 2005-
06 in the amount of$I,257,500. The 2005-06 budget includes transfer of funds to the City
for reimbursement of costs incurred in Phase I (South Front Street) of the Front Street
improvement project plus some improvements within Phase II (Cleveland Street north to
Hardcastle Avenue). The projected cost for these improvements within the fiscal year 2005-
06 budget is $1,251,000. The budget also includes some reimbursement for City expenses
such as consulting services, financial services including the annual audit and fees related to
issuing debt, and legal services. He stated that no capital proj ects are being paid out of the
Urban Renewal budget at this time but, in the future, this fund will have capital projects paid
directly out of this fund. In regards to borrowing, a financial analysis will be done to
determine the amount of borrowing to be done at the present time to accomplish the first two
phases of the Front Street project. Also, staff is hopeful that a downtown development plan
can be accomplished during fiscal year 2005-06. An application will be submitted to a
potential grant source for funding assistance so that a long term plan can be developed
relating to urban renewal program needs. Once this is completed, a project budget can then
be developed. Revenues from the tax increment monies are coming in higher than originally
projected since the County Assessor has changed the method of allocating revenues to Urban
Renewal Districts based on a recent court ruling. The City lost the largest share of tax
revenues collected, then the County, Schools, and Fire District. It was also noted that
schools do not lose any money since they are backfilled under state programs. However, the
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URBAN RENEWAL BUDGET COMMITTEE MINUTES
May 21,2005
City's growth has been large enough to compensate the general City budget for the loss of
revenues to the urban renewal district.
Side B
3.6
No one in the audience commented on the proposed Urban Renewal Agency Budget for
fiscal year 2005-06.
Chairman Stone closed the public hearing at 9:58 a.m..
NICHOLS/MILNE... recommend to the Urban Renewal Agency approval of the fiscal year
2005-06 Urban Renewal budget in the amount of $1 ,257,500. The motion passed
unanimously.
6.3 ADJOURNMENT.
NICHOLS/SIFUENTEZ.... meeting be adjourned. The motion passed unanimously.
The meeting adjourned at 10:01 a.m..
Cindi Vetter, Secretary
Minutes prepared by: Mary Tennant, City Recorder
City of Woodburn, Oregon
Page 2 - Urban Renewal Budget Committee Minutes, May 21, 2005