Ordinance No. 20120 - Laserfiche WebLink

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interest rate loans to the owners of buildings which are in need of financially feasible rehabilitation. G. OWNER PARTICIPATION Property owners within the project area proposing to improve their properties and receiving financial assistance from the Agency shall do so in accordance with all applicable provisions of this plan and with all apps ~ cabl a codes, ord~ nances, policies, plans, and procedures of the City of Eugene. It is the intent of the Renewal Agency to provide interest loans for the construction of parking facilities in support of new private development. Section 100--Methods for Financin the Pro'ects The Agency may borrow money and accept advances, loans, grants, and other legal forms of financial assistance from the Federal government, the State City, County, ar other public body, or from any source, public or rivate for the ur oses ~ p p •p of undertaking and carrying out this development plan, or may otherwise obtain f~nanc~ng as authorized by ORS Chapter 451. Ad val arem taxes, i f any, levied by a taxi ng body upon the taxable real and personal property situated in the urban renewal area, shall be divided in accord with and pursuant to ORS 457.420 through ORS 451.450, The.Agency shall adopt and use a fiscal year ending June 30 accounting period. Each year the agency shall develop a budget in conformance with the provisions of ORS Chapter 294 and ORS 457.460 which shall describe sources of revenue, proposed expenditures, and activities, Section 800--Annual Financial Statement Re uired A. By August 1 of each year, a financial statement shall be prepared and provide information containing: ~. Amounts actually received during the preceding fiscal year under Subsection 4 of ORS 457.440 and from indebtedness incurred under Subsection 6 of ORS 451.444; 2. The purposes Subsection 4 Subsection 6 fiscal year; and amounts far which any money received under of ORS 451.440 and from indebtedness incurred under of ORS 457.440 were expended during the preceding 3. An estimate of monies to be received during current fiscal year under Subsection 4 of ORS 451.440 and from indebtedness incurred under Subsection 6 of ORS 457.440; 4. A budget setting forth the purposes and estimated amounts for which the monies which have been or will be received under Subsection 4 of ORS 457.440 and from indebtedness incurred under Subsection 6 of ORS 457.440 are to be expended during the current fiscal year; _g-