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URA Resolution 2014-02WOODBURN URBAN RENEWAL AGENCY RESOLUTION NO. 2014-02 A RESOLUTION ADOPTING THE CITY OF WOODBURN URBAN RENEW1 BUDGET FOR A THE FISCL YEAR 2014-2015 WHEREAS, the Woodburn Urban Renewal Agency Budget Committee met and approved the Proposed Budget on May 10, 2014; and WHEREAS, the Notice of Budget Hearing and Financial Summary were published in the Woodburn Independent on May 21, 2014 as required by ORS 294.416; and WHEREAS, a public hearing was held on June 9, 2014; 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 2014-15 in the sum of $2,088,000. 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, 2014 and for the purposes shown below are hereby appropriated as follows: General Fund Personnel Services $ 131,064 Materials & Services 309,500 Capital Outlay 1,300,000 Debt Service 227,732 Contingencies & Reserve 119704 Total $2,088,000 Section 3. Pursuant to Article IX (Finance) Section I c (Financing Redevelopr-rent and Urban Renewal Projects) of the Oregon Constitution and ORS Chapter 457, the Woodburn Urban Renewal District, as an ''Option I" urban renewal agency, authorizes certification to the Marion County Assessor for the Woodburn Urban Renewal Agency Plan Area a request for the maximum amounf of revenue that may be raised by dividing the taxes under Article IX, Section ]c of the Oregon Constitution with none of this amount to be raised by a special levy. Page 1 — Resolution No. 2014-02 '7" - — Approved as to Form,-,�-- LO City Attorney Passed by the Agency Submitted to the Chair Approved by the Chair "A ATTEST* Heather Pierson, City Recorder City of Woodburn, Oregon Page 2 — Resolution No114-1w Data