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Minutes - 06/13/2005 URBAN RENEWAL AGENCY MINUTES JUNE 13, 2005 TAPE READING 0001 DATE. COUNCIL CHAMBERS, CITY HALL, CITY OF WOODBURN, COUNTY OF MARION, STATE OF OREGON, JUNE 13,2005. CONVENED. The Urban Renewal Agency meeting convened at 6:45 p.m. with Chair Figley presiding. 0007 ROLL CALL. Chair Figley Present Member Bjelland Present Member Cox Absent Member Lonergan Present Member McCallum Present Member Nichols Present Member Sifuentez Present Staff Present: City Administrator Brown, City Attorney Shields, Finance Director Gillespie, Public Works Director Tiwari, Police Chief Russell, Public Works Manager Rohman, Management Analyst Smith, Recorder Tennant 0080 MINUTES. MCCALLUM/NICHOLS... approve the April 25, 2005 minutes as presented. The motion passed unanimously. 0108 PUBLIC HEARING: 2005-06 WOODBURN URBAN RENEWAL AGENCY BUDGET. Chair Figley declared the public hearing open at 6:51 p.m.. Finance Director Gillespie read the staff report outlining the recommendation made by the Urban Renewal Budget Committee to a authorize a budget for fiscal year 2005-06 in the amount of$1,257,500, Recently, the City's Financial Advisor has brought to staffs attention that a reserve should be established to protect creditors' interest since the Urban Renewal Budget involves debt service. Staff recommended that the 2005-06 budget be increased by $71,500 thereby increasing the total budget to $1,329,000. No one in the audience spoke either for or against the proposed Urban Renewal Budget for fiscal year 2005-06. Chair Figley closed the public hearing at 6:53 p.m.. BJELLAND/MCCALLUM... instruct staff to draft a budget resolution based on the Budget Committee's recommendation, including allowable budget adjustments that do not change the tax levy requirement. The motion passed unanimously. Page 1 - Urban Renewal Agency Minutes, June 13,2005 URBAN RENEWAL AGENCY MINUTES JUNE 13, 2005 TAPE READING 0224 ADJOURNMENT. NICHOLS/SlFUENTEZ... meeting be adjourned, The motion passed unanimously. The meeting adjourned at 6:55 p.m.. , ~ ATTEST-itl~~~ Mary Tenn t, Recorder City of Woodburn, Oregon Page 2 - Urban Renewal Agency Minutes, June 13, 2005