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<br /> <br /> <br />EURA <br />UGENE RBAN ENEWAL GENCY <br />AIS <br />GENDA TEM UMMARY <br /> <br /> <br /> <br />Public Hearing: A Resolution of the Urban Renewal Agency of the City of Eugene <br />Adopting the Budget, Making Appropriations, and Declaring the Amount of Tax to be <br />Certified for the Fiscal Year Beginning July 1, 2010 and Ending June 30, 2011 <br /> <br /> <br />Meeting Date: June 21, 2010 Agenda Item Number: 2 <br />Department: Central Services Staff Contact: Mia Cariaga <br />www.eugene-or.gov Contact Telephone Number: (541) 682-5408 <br /> <br /> <br /> <br /> <br />ISSUE STATEMENT <br />This meeting is a public hearing with no action required. Oregon Local Budget Law requires the Urban <br />Renewal Agency of the City of Eugene to conduct a public hearing to receive testimony on the FY11 <br />Urban Renewal Agency Annual Budget as recommended by the Budget Committee on May 19, 2010. <br />Following the hearing, the governing body of the Urban Renewal Agency may deliberate and approve a <br />resolution adopting the budget of the Urban Renewal Agency of the City of Eugene. The Agency Board <br />is scheduled to take final action on June 28, 2010. <br /> <br /> <br />BACKGROUND <br />On May 19, 2010, the Budget Committee recommended that the City Council, acting as the Eugene <br />Urban Renewal Agency Board of Directors, adopt an FY11 Budget for the Eugene Urban Renewal <br />Agency that consists of the City Manager’s FY11 Proposed Budget. <br /> <br />Council Goals <br /> <br />The budget supports department work plans designed to meet Council Goals and Priorities. <br /> <br />Financial and/or Resource Considerations <br /> <br />Financial and/or resource considerations are detailed in the FY11 Proposed Budget Document and the <br />Urban Renewal Plan Amendment. <br /> <br />The plan amendment includes spending for three projects: <br />• Contribution to Lane Community College’s new Downtown Campus of $8 million <br />• Infrastructure improvements to the Farmers’ Market of $500,000 <br />• Assistance in funding the Broadway Place Garage debt, which will enable improvements to public <br />safety <br /> <br />Budget Committee Recommendation <br /> <br />Budget Committee review consisted of six work sessions and one public hearing on the City of Eugene <br />and the Urban Renewal Agency budgets. Public comment was received at five of the work sessions and <br />a separate public hearing on the budget proposal was conducted on May 17, 2010. <br /> <br />The Budget Committee recommendation approved on May 19, 2010 is as follows: <br />Z:\CMO\2010 Council Agendas\M100621\S1006212.doc <br /> <br />