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Res 2011-03 URA Budget 2011-2012URBAN RENEWAL AGENCY RESOLUTION NO. 2011-03 A RESOLUTION ADOPTING THE CITY OF WOODBURN URBAN RENEWAL BUDGET FOR THE FISCAL YEAR 2011-2012 WHEREAS, the Woodburn Urban Renewal Agency Budget Committee met and approved the Proposed Budget on May 15, 2011; and WHEREAS, the Notice of Budget Hearing and Financial Summary were published in the "Woodburn Independent" as required by ORS 294.416, and WHEREAS, a public hearing was held on June 13, 2011, NOW, THEREFORE, THE WOODBURN URBAN RENEWAL AGENCY RESOLVES AS FOLLOWS: Section 1. The Woodburn Urban Renewal Agency Board adopts the budget for the fiscal year 2011-12 in the sum of $1,742,000. A copy of the budget document is now on file at City Hall, 270 Montgomery Street, Woodburn, Oregon. Section 2. The amounts for the fiscal year beginning July 1, 2011 and for the purposes shown below are hereby appropriated as follows: General Fund Personal $ 44,964 Materials & Services 355,000 Debt Service 227,732 Contingency 1,1 14,304 Total $ 1,742,000 Section 3. That the Woodburn Urban Renewal Agency Board of the Woodburn Urban Renewal Agency hereby resolves to certify to the county assessor for the City of Woodburn Urban Renewal Agency Plan Area a request for the maximum amount of revenue that may be raised by dividing the taxes under section 1 c, Article XI, of the Oregon Constitution, and none of the amount to be raised through the imposition of a special levy. _26�� Approved as to Form: City Attorney Date Page 1— RESOLUTION NO. 2011-03 Passed by the Agency Submitted to the Chair Approved by the Chair Filed in the Office of the Recorder Christina She re City Recorder City of Woodburn, Oregon Page 2 — RESOLUTION NO. 2011-03 In L13 �Zo� 42 i`t ��2oll �slz�t�