Loading...
Budget Comm Minutes - 05/19/2007 URBAN RENEWAL BUDGET COMMITTEE MINUTES May 19, 2007 DATE. COUNCIL CHAMBERS, CITY HALL, CITY OF WOODBURN, COUNTY OF MARION, STATE OF OREGON, MAY 19, 2007. CONVENED. The Budget Committee met at 9:14 a.m. with Chairman Milne presiding. ROLL CALL. Alma Grijvala Don Judson Stan Milne Rene Perez John Reinhardt Cindi Vetter Absent Present Present Absent Present Absent Richard Bjelland Jim Cox Frank Lonergan Pete McCallum Walt Nichols Elida Sifuentez Present Present Absent Present Present Absent Staff Present: City Administrator Brown, Finance Director Gillespie, Police Chief Russell, Public Works Director Tiwari, Community Services Director Row, Community Development Allen, City Recorder Tennant Also present: Mayor Figley Tape 1 Side A 13.5 PUBLIC HEARING ON URBAN RENEWAL BUDGET FOR FISCAL YEAR 2007- 2008. Chairman Milne declared the hearing open at 9: 15 a.m. for the purpose of receiving public input on Woodburn's Urban Renewal budget. Administrator Brown read his Budget Message on the proposed budget for fiscal year 2007- 08 in the amount of$2,375,695 which is 3.4% less than fiscal year 2006-07. He stated that this is a debt service budget which will reimburse the City for the Agency's share of the completion ofthe Front Street improvement project in addition to supporting debt service payments, maintaining the required reserve for debt service, reimbursing the City for administrative costs, and provide for a small contingency. It is anticipated that the Urban Renewal District will receive approximately $493,000 in tax revenues during fiscal year 2007-08. It was also noted that project budgets for urban renewal will not be adopted until such time as the borrowing capacity increases in future years. He provided an overview of projects proposed to be completed with more detailed information on issues surrounding the Front Street improvement project which included funding issues relating to the undergrounding of utility lines. Committee member Cox stated that the budget message provided an overall explanation on the urban renewal budget and the reason for the simplicity of this budget versus the regular City budget. Administrator Brown stated that he has only been providing this budget information at the time of the hearing since it has only involved debt service. However, next year he anticipates having a Capital Improvement Plan as part ofthe document and will include an Agency workshop as part of the budget process following the regular City budget CIP workshop. Page 1 - Urban Renewal Budget Committee Minutes, May 19, 2007 URBAN RENEWAL BUDGET COMMITTEE MINUTES May 19, 2007 No one in the audience commented on the proposed Urban Renewal budget for fiscal year 2007 -08. 27.3 REINHARDT/NICHOLS... recommend to the Urban Renewal Agency approval ofthe fiscal year 2007-08 Urban Renewal budget in the amount of $2,375,695. The motion passed unanimously. NICHOLS/BJELLAND.... budget hearing be closed and meeting adjourned. The motion passed unanimously. The meeting adjourned at 9:25 a.moo Minutes prepared by: Mary Tennant, Recorder City of Woodburn, Oregon Page 2 - Urban Renewal Budget Committee Minutes, May 19, 2007