Ordinance No. 20313 - Laserfiche WebLink

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connecting to Agency-prowded underground electrical and communicatmn systems, or other activities approved by the Agency. OWNER PARTICIPATION Property owners within the plan area proposing to ~mprove then' properhes and receiving financial assistance from the Agency shall do so m accordance w~th all apphcable provlsmns of th~s plan and with all apphcable codes, ordinances, pollc~es, plans, and procedures of the C~ty of Eugene. Section 700--Methods for Financin~ the Projects The Agency may borrow money and accept advances, loans, grants, and other legal forms of financml assistance from the Federal government, the State, City, County, or other pubhc body, or from any source, pubhc or private, for the purposes of undertakang and carrying out this development plan, or may otherwise obtain financing as authorized by ORS Chapter 457. Ad valorem taxes, if any, levied by a taxing body upon the taxable real and personal property situated ~n the R~verfront Urban Renewal Dismct Plan area, shall be d~wded in accordance w~th and pursuant to ORS 457.420 through ORS 457.450. The Agency shall adopt and use a fiscal year ending June 30 accounting period. Each year the agency shall develop a budget ~n conformance w~th the prov~smns of ORS Chapter 294 and ORS 457.460 which shall describe sources of revenue, proposed expenditures, and act~wtles. The urban renewal agency board of directors must approve all projects, other than loans, in excess of $250,000. Section 800--Annual Financial Statement Recruited A. ORS 457.460 requires a financml statement by August 1 of each year. That statement shall prowde information contmnmg: 1. Amounts actually received dunng the preceding fiscal year under Subsection 4 of ORS 457.440 and from ~ndebtedness incurred under Subsection 6 of ORS 45T440; 2. The purposes and amounts for which any money received under Subsechon 4 of ORS 457.440 and from Indebtedness recurred under Subsection 6 of ORS 457.440 were expended during the preceding fiscal year; 3. An eslnmate of monies to be received during current fiscal year under Subsectmn 4 of ORS 457.440 and from indebtedness ~ncurred under Subsectmn 6 of ORS 457.440; 4. A budget setting forth the purposes and estimated amounts for which the momes which have been or will be received under Subsechon 4 of ORS 457.440 and from indebtedness recurred under Subsection 6 of ORS 457.440 are to be expended dunng the current fiscal year; 5. An analys~s of the ~mpact, if any, of carrying out the urban renewal plan on the tax rate for the preceding year for all taxing bodies included under ORS 45T430. B. The statement shall be filed with the City Council and notice shall be published m a newspaper of general c~rculanon within the cny that a statement has been prepared and ~s on file w~th the Agency and the mformatmn contained ~n the statement ~s available to all interested persons. The not~ce -Page 13