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URA Meeting Minutes June 8, 2009URBAN RENEWAL AGENCY MEETING MINUTES JUNE 8, 2009 0001 DATE. COUNCIL CHAMBERS, CITY HALL, CITY OF WOODBURN, COUNTY OF MARION, STATE OF OREGON, JUNE 8, 2009. CONVENED. The Urban Renewal Agency meeting convened at 6:20 p.m. with Chair Figley presiding. ROLL CALL. Chair Figley Present Member Berkey Absent Member Cox Present Member Lonergan Present Member McCallum Present Member Pugh Present Member Schmidt Present Staff Present: City Administrator Derickson, Asst. City Attorney Stuart, Finance Director Gillespie, Public Works Director Brown, Community Development Director Hendryx, City Recorder Tennant 0020 CONSENT AGENDA. A) approve the Urban Renewal Agency minutes of June 9, 2008. McCALLUM /LONERGAN .... adopt the Consent Agenda as presented. The motion passed unanimously. 0057 PUBLIC HEARING TO CONSIDER THE WOODBURN URBAN RENEWAL AGENCY'S FISCAL YEAR 2009-10 BUDGET. Chair Figley declared the public hearing open at 6:22 p.m.. Finance Director Gillespie stated that following the April 18, 2009 budget meeting, the Urban Renewal Budget Committee recommended a budget for fiscal year 2009-10 in the amount of $2,031,000. Revenues consist of beginning fund balance, property taxes, and interest income. The recommended budget will fund the Front Street improvement project from Cleveland Street to Highway 214, pay the debt service due on the bank loan, reimburse the City for special administrative, legal, and auditing services, and provide for adequate reserves for bond indebtedness. No one in the audience spoke either for or against the proposed Urban Renewal Agency budget. Chair Figley declared the public hearing closed at 6:24 p.m. 0176 RESOLUTION 09-01 ADOPTING A BUDGET FOR FISCAL YEAR 2009-10, MAKING APPROPRIATIONS, AND LEVYING TAXES. LONERGAN/COX.... adopt Resolution 09-01 as presented. Page 1 -Urban Renewal Agency Minutes, June 8, 2009 URBAN RENEWAL AGENCY MEETING MINUTES JUNE 8, 2009 On roll call vote, the motion passed unanimously. Chair Figley declared Resolution 09- 01 duly passed. 0215 REIMBURSEMENT AGREEMENT FOR SERVICES, MATERIALS, AND PROJECTS FOR FISCAL YEAR 2009-10. Staff recommended the approval and authorization to sign a reimbursement agreement with the City for payments made out of City funds for urban renewal projects and miscellaneous expenses in an amount not to exceed $778,407 for fiscal year 2009-10. Under Urban Renewal law, tax receipt revenues received are to be used for debt retirement such as bonds, loans from public or private agencies, or by contractual arrangement. COX /PUGH ... approve and authorize the Chair of the Agency to execute the attached reimbursement agreement between the Woodburn Urban Renewal Agency and the City of Woodburn for fiscal year 2009-10. The motion passed unanimously. 250 ADJOURNMENT. McCALLUM/LONERGAN ... meeting be adjourned. The motion passed unanimously. The meeting adjourned at 6:27 p.m.. ATTES Reco der City of Woo ,Oregon Page 2 -Urban Renewal Agency Minutes, June 8, 2009