Laserfiche WebLink
<br />June 24, 2019, Meeting – Item 6 <br /> <br />EUGENE URBAN RENEWAL AGENCY <br />AGENDA ITEM SUMMARY <br /> <br /> Public Hearing and Action: A Resolution of the Urban Renewal Agency of the City of Eugene Adopting the Budget, Making Appropriations, and Declaring the Amount of Tax to be Certified for the Fiscal Year Beginning July 1, 2019 and Ending June 30, 2020 Meeting Date: June 24, 2019 Agenda Item Number: 6 Department: Central Services Staff Contact: Jamie Garner <br />www.eugene-or.gov Contact Telephone Number: 541-682-5502 <br /> <br />ISSUE STATEMENT This meeting is to conduct a public hearing and take action to adopt the Fiscal Year 2019-2020 (FY20) budget for the Urban Renewal Agency of the City of Eugene. Oregon Local Budget Law requires the URA Board of Directors to conduct a public hearing to receive testimony on the FY20 URA budget as recommended by the Budget Committee. ORS 294.456 requires the URA Board of Directors to pass a resolution adopting the budget, making appropriations and declaring the amount of tax to be certified for the next fiscal year. <br />BACKGROUND <br />Financial and Resource Considerations Financial and resource considerations are detailed in the FY20 URA Proposed Budget document, available at www.eugene-or.gov/budget, and in the Budget Committee meeting materials, which are available at www.eugene-or.gov/budgetcommittee. <br />Budget Committee Recommendation The Budget Committee’s final recommendation on the FY20 URA budget, approved on May 22, 2019, is as follows: Move that the Budget Committee recommend to the Eugene City Council, acting as the Urban Renewal Agency Board of Directors, the FY20 Budget for the Eugene Urban Renewal Agency that consists of the City Manager's FY20 Proposed Budget, including the property tax levies and/or rates contained therein, amended to reflect appropriations for prior year encumbrances and prior year capital projects with the following amendment: <br />• Move to recommend that the Urban Renewal Agency Board allocate $8 million of Riverfront Urban Renewal funds for the Park and $4 million for the Plaza. Funds to come from Riverfront Urban Renewal funds.