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812 Urban Renewal Agency Downtown Debt Servic
<br />e
<br />FY08FY08FY08FY08
<br />doptedSB1 ActionSB2 ActionRevised
<br />A
<br />I.RESOURCES
<br />BEGINNING WORKING CAPITA
<br />L6,797,25476,6676,873,921
<br />CHANGE TO WORKING CAPITA
<br />L
<br />REVENUE
<br /> Taxes3,720,00003,720,000
<br /> Miscellaneous150,0000150,000
<br />Total Revenue3,870,000003,870,000
<br />TOTAL RESOURCE10,667,25476,667010,743,921
<br />S
<br />II.REQUIREMENTS
<br />Non-Departmental
<br /> Interfund Transfers303,752350,0001,655,0002,308,752
<br />b
<br /> Intergovernmental Expend.2,380,000640,0003,020,000
<br />a
<br /> Reserve2,500,0002,500,000
<br /> Balance Available5,483,502(273,333)(2,295,000)2,915,169
<br />a,b
<br />Total Non-Departmental10,667,25476,667010,743,921
<br />TOTAL REQUIREMENT10,667,25476,667010,743,921
<br />S
<br />812 Urban Renewal Agency Downtown Debt Service
<br />a)Reduce Balance Available and appropriate funds to send to the City of Eugene to establish a $600,000
<br />debt service reserve in the Community Development Block Grant Fund as required by the HUD 108 loan and
<br />pay $40,000 in HUD and bank fees related to the loan.
<br />b)Transfer $1,605,000 to the URA Capital Projects Fund to support the property purchases and transfer
<br />$50,000 to the URA General Fund for legal fees related to the property purchases. Both transfers reduce
<br />Balance Available.
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