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Item 4: Public Hearing and Action: URA - Supplemental Budget 2
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Item 4: Public Hearing and Action: URA - Supplemental Budget 2
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Agenda Item Summary
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3/9/2009
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<br /> <br />AGENCY OPTIONS <br /> <br />Particular requests requiring more information or discussion may be removed from the supplemental <br />budget and delayed for action in a future supplemental budget. In certain cases there may be a financial <br />or legal impact to delaying budget approval. The Agency may also adopt amended appropriation <br />amounts or funding sources for specific requests in the supplemental budget. <br /> <br />If the appropriation of $440,000 of funds for payment of permit fees, attorney fees, contractual services, <br />closing fees and other costs associated with acquisition of the property is not approved by the Agency, <br />the property sale will not be able to be completed as envisioned in the Purchase and Sale Agreement. <br /> <br /> <br />AGENCY DIRECTOR’S RECOMMENDATION <br /> <br />The Agency Director recommends adoption of the attached resolution adopting the Supplemental <br />Budget. <br /> <br /> <br />SUGGESTED MOTION <br /> <br />Move to adopt Resolution 1051 adopting a Supplemental Budget; making appropriations for the Urban <br />Renewal Agency of the City of Eugene for the Fiscal Year beginning July 1, 2008 and ending June 30, <br />2009. <br /> <br /> <br />ATTACHMENTS <br /> <br />A. Transaction Summary <br />B. Resolution <br /> <br /> <br />FOR MORE INFORMATION <br /> <br />Staff Contact: Kitty Murdoch <br />Telephone: 682-5860 <br />Staff E-Mail: kitty.m.murdoch@ci.eugene.or.us <br /> Z:\CMO\2009 Council Agendas\M090309\S0903094.doc <br />
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