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Urban Renewal Resolution 2016-02WOODBURN URBAN RENEWAL AGENCY RESOLUTION NO. 2016-02 A RESOLUTION ADOPTING THE CITY OF WOODBURN URBAN RENEWAL BUDGET FOR THE FISCAL YEAR 2016-2017 WHEREAS, the Woodburn Urban Renewal Agency Budget Committee met and approved the Proposed Budget on May 7, 2016; and WHEREAS, the Notice of Budget Hearing and Financial Summary were published in the Woodburn Independent on June 1, 2016 as required by ORS 294.438; and WHEREAS, a public hearing was held on June 13, 2016; 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 2016-17 in the sum of $2,272,000. A copy of the budget document is now on file at City Hail, 270 Montgomery Street, Woodburn, Oregon. Section 2. The amounts for the fiscal year beginning July 1, 2016 and for the purposes shown below are hereby appropriated as follows: Urban Renewal Fund Personnel Services Materials & Services Capital Outlay Contingency Total Appropriations Unappropriated & Reserves Total Budget $ 84,387 84,000 200,000 16,838 $ 385,225 rr• $ 2,272,000 Section 3. Pursuant to Article IX (Finance) Section 1c (Financing Redevelopment and Urban Renewal Projects) of the Oregon Constitution and QRS Chapter 457, the Woodburn Urban Renewal District, as an "Option 1" urban renewal agency, authorizes certification to the Marion County Assessor for the Woodburn Urban Renewal Agency Plan Area a request for the maximum amount of revenue that may be raised by dividing the taxes Page 1— RESOLUTION NO. 2016-02 under Article IX, Section I c of the Oregon Constitution with none of this amount to be raised by a special levy. Approved as to Form:e--�) City Attorney DaW— MOM Passed by the Agency Submitted: to the Chair Approved by the Chair ATTEST: Heather Pierson, City Recorder City of Woodburn, Oregon