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<br /> <br />East Broadway Garage Funding Sources <br /> <br />Urban Renewal Contribution <br /> -Urban Renewal Revenue Bonds $4,000,000 <br /> -Riparian Area Funds 400,000 <br /> -Cash in FY06 & FY07 1,110,000 <br /> Total Urban Renewal 5,510,000 <br /> <br />City Contribution <br /> -Stormwater Funds 250,000 <br /> -Library Debt Service Fund 475,000 <br /> -Facility Reserve 1,800,000 <br /> Total City 2,525,000 <br /> <br /> Total Funding Sources $8,035,000 <br /> <br /> <br />RELATED CITY POLICIES <br />These transactions conform to the City’s Financial Management Goals and Policies. <br /> <br /> <br />URBAN RENEWAL 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 URA Board may also adopt amended appropriation <br />amounts or funding sources for specific requests in the supplemental budget. <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 1038 adopting a Supplemental Budget; making appropriations for the Urban <br /> <br />Renewal Agency of the City of Eugene for the Fiscal Year beginning July 1, 2005 and ending June 30, 2006. <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 /> L:\CMO\2006 Council Agendas\M060315\S060315D.doc <br />