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<br /> <br /> <br />Budget $500,000 for Farmers’ Market site improvements; <br /> <br /> <br />Budget bond issuance costs of $150,000, debt service reserve of $1,000,000, and issue bonds of <br />$4,500,000; <br /> <br /> <br />Reduce Balance Available by $5,890,000; <br /> <br /> <br />Budget an intergovernmental payment of $740,000 from the URA to the City’s Parking Fund to <br />use for Broadway Parking Garage debt service. <br /> <br />These changes are included in the attached resolution. <br /> <br /> <br />SUGGESTED MOTION <br />Move to adopt Resolution 1055 of the Urban Renewal Agency of the City of Eugene adopting the <br />budget; making appropriations; and declaring the amount of tax to be received for the fiscal year <br />beginning July 1, 2010, and ending June 30, 2011. <br /> <br /> <br />ATTACHMENTS <br />A. Summary of Changes to the FY11 Executive Budget Recommendation <br />B. Resolution Adopting the FY11 Urban Renewal Agency Budget <br /> - Exhibit A - Fund Schedules <br /> - Exhibit B - Fund Names <br /> <br /> <br />FOR MORE INFORMATION <br />Staff Contact: Mia Cariaga <br />Telephone: (541) 682-5408 <br />Staff E-Mail: mia.cariaga@ci.eugene.or.us <br /> <br />OR <br /> <br />Staff Contact: Pavel Gubanikhin <br />Telephone: (541) 682-5512 <br />Staff E-Mail: pavel.e.gubanikhin@ci.eugene.or.us <br /> <br /> <br />Z:\CMO\2010 Council Agendas\M100628\S1006284.doc <br />