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UR-50 Tax Levy FY 2007-08 FORM U R-50 NOTICE TO ASSESSOR 2007-2008 . Submit two (2) copies to county assessor by July 15. D Check here if this is an amended form. Notification WOODBURN URBAN RENEWAL AGENCY (Agency Name) authorizes its 2007-08 ad valorem tax increment amounts by plan area for the tax roll of MARION COUNTY (County Name) MARY TENNANT ~~ (Contact Person) (503)982Q5210 (Telephone Number) 7/12/2001. (Date) Woodburn City Hall, 270 Montgomery Street, Woodburn, OR 97071 (Agency's Mailing Address) mary. tennant@ci .woodburI (Contact Person's E-mail Address) 0 r . I Part 1: Option One Plans (Reduced Rate). [ORS 457.010(4)] Plan Area Name Amount from Special Levy Special Levy Amount Division of Tax 100% DVes DNa 100% DVes DNa -- -- : DYes DNa 100% - .-- - =-==--=-=~-=c, .. Part 2: Option Two Plans (Cascade Locks Agency Onty). [ORS 457.010(4)l Plan Area Name Speoiad Levy Special Levy Amount DYes DNa Part 3: Option Three Plans (Standard Rate). [ORS 457.010(4)] Amount from .-------r--- Plan Area Name Division of Tax Special Levy +__ Spe~ia $ [J Ves 0 Na $ DVes DNa - $ DVes DNa I Levy Amount Part 4: Other Plans adopted prior to October 6, 2001 (Standard Rate Plans) Plan Area Name Amount from Division of Tax 100% 100% 100% Part 5: "New" Plans (Reduced Rate)-(Adopted on or after October 6, 2001). Plan Area Name Amount from Division of Tax Downtown, Young Street, Highway 99E (south city limits to Highway 211) 100% and Highway 214 corridor, and North and South Front Streets 100% 100% 150.504-076-5 (Rev. 12-06) RESOLUTION NO. 07-01 A RESOLUTION ADOPTING A BUDGET FOR FISCAL YEAR 2007-08, MAKING APPROPRlA TIONS AND LEVYING TAXES. THE WOODBURN URBAN RENEWAL AGENCY RESOLVES AS FOLLOWS: Section 1. That the budget tor fiscal year 2007-2008 is hereby adopted as set forth below. Section 2. That the budget amounts for the fiscal year beginning July 1,2007, and for the purposes shown below, are hereby appropriated: DEBT SERVICE FUND: Debt Service Operating Contingency $ 1,999,500 34,195 TOT AL APPROPRIATIONS $ 2,033,695 Unappropriated Requirements: Reserve for Urban Renewal Agency Debt $ 342,000 TOT AL UNAPPROPRIATED REQUIREMENTS $ 342,000 TOT AL 2007-2008 URBAN RENEWAL BUDGET $ 2,375,675 Section 3. That the Woodburn Urban Renewal Agency hereby resolves to certify to the County Assessor a request for the Woodburn Urban Renewal Plan Area for the maximum amount ofrevenue that may be raised by dividing the taxes under Section Ie, Article IX ofthe Oregon Constitution and ORS Chapter 457. APprovedastoForn~J). )"-1""'"/+ ~ / 6,- 5.- zc< i- Legal Counsel Passed by the Agency Submitted to the Chair Approved by the Chair ATTEST fY/.M-~~~'-'~~ Mary Ten ant, Recorder City of Woodburn, Oregon APPROVtD \ , ~, ----- June Page I - Resolution No.07-01 CERTIFIED TO BE A TRUE - 'AND CORRECT COPY OF tHE ORIGINAL This I ;)}~ day of-S- J'(, ~Q2 1io~""wooDeUR1