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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 and Action: Resolution 1064 of the Urban Renewal Agency of the City of <br />Eugene Adopting the Budget, Making Appropriations, and Declaring the Amount of Tax <br />to be Certified for the Fiscal Year Beginning July 1, 2012, and Ending June 30, 2013 <br /> <br /> <br />Meeting Date: May 21, 2012 Agenda Item Number: 4 <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 to conduct a public hearing and take action to adopt the fiscal year 2013 (FY13) budget <br />for the Eugene Urban Renewal Agency. Oregon Local Budget Law requires the Urban Renewal Agency <br />of the City of Eugene to conduct a public hearing to receive testimony on the FY13 Urban Renewal <br />Agency Annual Budget as approved by the Budget Committee on April 25, 2012. Following the <br />hearing, the governing body of the Urban Renewal Agency may deliberate and approve a resolution <br />adopting the budget of the Urban Renewal Agency of the City of Eugene. ORS 294.305 to ORS <br />294.565 requires the Urban Renewal Agency Board to pass a resolution adopting the budget, making <br />appropriations, determining, levying and categorizing the annual ad valorem property taxes. <br /> <br /> <br />BACKGROUND <br />Financial and/or Resource Considerations <br /> <br />Financial and/or resources considerations are detailed in the FY13 Proposed Budget document. <br /> <br />Budget Committee Recommendation <br /> <br />Budget Committee review consisted of six work sessions. Public comment was received at three work <br />sessions. A public hearing on the FY13 proposed budget was conducted on April 18, 2012. The Budget <br />Committee recommendation, approved on April 25, 2012, is as follows: <br /> <br />Move that the Budget Committee recommend to the Eugene City Council, acting as the Urban <br />Renewal Agency Board of Directors, the FY13 Budget for the Eugene Urban Renewal Agency <br />that consists of the Agency Director’s FY13 Proposed Budget, including the property tax levies <br />and/or rates contained therein, amended to reflect appropriations for prior year capital projects. <br /> <br />Attachment A reconciles the proposed budget to the Budget Committee approved budget. <br /> <br />Timing <br /> <br />Under the Oregon Local Budget Law, the FY13 budget must be approved prior to July 1, 2012, and a <br />copy of the adopting resolution filed with the County Assessor by July 31, 2012. <br /> <br /> <br /> <br />S:\CMO\2012 Council Agendas\M120521\S1205214.doc <br /> <br />