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HomeMy WebLinkAboutItem 5-pdfEUGENUE RBARN ENEWAAL GENCY AGENIDASTEM UMMARY PublicHearingandAction Resolution1048oftheUrbanRenewalAgencyofthe Cityof EugeneAdoptingtheBudget MakingAppropriations andDeclaringtheAmount ofTax tobeCertifiedfortheFiscalYearBeginningJuly1 2008 andEndingJune30 2009 MeetingDate June9 2008 AgendaItemNumber 5 Department CentralServices StaffContact KittyMurdoch wwweugene orgov ContactTelephoneNumber 6825860 ISSUESTATEMENT OregonLocalBudgetLawrequirestheUrbanRenewalAgency oftheCityofEugenetoconducta publichearingtoreceivetestimonyontheFY09UrbanRenewalAgencyAnnual Budgetas recommendedbytheBudgetCommitteeonMay28 2008 Followingthehearing thegoverningbody oftheUrbanRenewalAgencymaydeliberate andapprovearesolutionadoptingthebudgetoftheUrban RenewalAgencyoftheCityo EugeneandmakeappropriationsfortheFiscalYearbeginningJuly1 2008andendingJune30 2009 BACKGROUND OnMay28 2008 theBudgetCommitteerecommendedthattheCityCouncil actingastheEugene UrbanRenewalAgencyBoardofD rectors adoptaFY09BudgetfortheEugeneUrbanRenewal Agencythatc?onsistsoftheCityManagersFY09ProposedBudgetwithseveralchanges PolicyIssues ORS294435providesthatafterthepublichearing hasbeenheld thegoverningbodyshallenactthe properordinancesorresolutionstoadoptthebudget tomaketheappropriations todetermine makeand declaretheadvalorempropertytaxamountorratetobecertifiedtotheassessorforeitherth ensuing yearoreachoftheyearsoftheensuingbudgetperiodandtoitemize andcategorizetheadvalorem propertytaxamountorrateasprovidedinORS310060 CouncilGoals Thebudgetsupports departmentworkplansdesignedtomee CouncilGoalsandPriorities FinancialandorResourceConsiderations FinancialandorresourcesconsiderationsaredetailedintheFY09Proposed BudgetDocumentand BudgetCommitteeMotions AsummaryoftheBudget CommitteeactionsisprovidedinAttachmentA BudgetCommitteeRecommendation BudgetCommitteereviewconsistedofsevenworksessionsandonepublichearingontheCityof EugeneandtheUrbanRenewalAgencybudgets Public commentwasreceivedatthreeofthework sessionsandaseparatepublichearingonthebudgetproposalwasconductedonMay19 2008 ZCMO2008CouncilAgendasM080609S0806095doc TheBudgetCommitteerecommendationwasmovedbyMr BarofskyandsecondedbyMs Syrett It wasunanimouslyapprovedonMay28 2008 MovethattheBudgetCommitteerecommendtotheEugeneCityCouncil actingastheUrban RenewalAgencyBoardofDirectors aFY09BudgetfortheEugeneUrbanRenewalAgencythat consistsoftheCityManagersFY09ProposedBudget includingthepropertytaxleviesandor ratescontainedtherein amendedtoreflectapprop iationsforprioryearencumbrances andprior yearcapitalprojects andthefollowingamendmentsapprovedbymotion TheBudgetCommitteeamendedtheCityManagersProposedBudgetwiththefollowingmotion AmendtheFY09propose budgetsfortheCityofEugeneandtheUrbanRenewalAgency to includeadditionalfinancialtransactions requiredtocarryoutthepurchaseandsaleagreementforthe BeamprojectapprovedbytheUrbanRenewalAgencyonMay21 2008 TheBeamprojecttransactionsrecognize 5347000fromHUD108loanresourcesand 1353000in BEDIGrantresources receivedfromtheCityofEugeneintheURADowntownGeneral Fundand appropriates 65millionforCapitalDeve opmentLoans and 200000forlegalandadministrative costs Themotionalsoincludesmoving 65000fromBalanceAvailableintheDowntownDebt ServiceFundandusingthefundsforanintergovernmental paymenttotheCityofEugene orbank servicefeesrelatedtotheproject Timing UndertheStateStatute abudgetmustbeapprovedprior toJuly1 2008andacopyoftheadopting resolutionfiledwiththeCountyAssessorbyJuly31 2008 OtherBackgroundInforma ion TheFY09ProposedBudgetdocument BudgetCommitteepackets informationdistributedatBudget Committeemeetings andBudgetCommittee motionsareavailableontheCityswebsite COUNCILOPTIONS AccordingtoORS294435 theUrbanRenewalAgencysgoverningbodyislimitedtoincreasing expendituresinafundbynomorethan 5000or10percent whicheverisgreater oftheBudget Committeeapprovedtotalineachoranyfund Ifalargerexpenditureincre seisdesired republishing thebudgetandconductingasecondpublichearingisrequired TheAgencyBoardofDirectorsmay reducerevenues moveallocationswithinafundanddecrease expenditures howeverallactionsmust resultinabalancedbudget where revenuesequalexpenditures foreachfund Anyincreasetoproperty taxesabove therateoramountapprovedbytheBudgetCommitteerequiresrepublishingthebudget summaryandconductingaseco dpublichearing Ifadirectormakesamotiontoamendthebudgetresolutions themotionmustcontainthespecific appropriationlines beingalteredintheresolutionandeachmotionmustbeself balancing meaning thataresourceandarequirementmust exactlyoffseteachother CITYMANAGERSRECOMMENDATION TheCityManagerrecommendsadoptionoftheFY09UrbanRenewalAgencyBudgetasrecommended bytheBudget Committee ZCMO2008CouncilAgendasM080609S0806095doc SUGGESTEDMOTION MovetoadoptResolution1048oftheUrbanRenewalAgency oftheCityofEugeneadoptingthe budgetandmakingappropriationsforthefiscalyearbeginningJuly1 2008 andendingJune30 2009 ATTACHMENTS A SummaryofBudgetCommitteeChangestotheExecutiveBudgetRecommendation B ResolutionAdoptingtheFY09UrbanRenewalAgencyBudget FORMOREINFORMATION StaffContact KittyMurdoch Telephone 6825860 StaffEMail kittymmurdoch@cieugeneorus ZCMO2008CouncilAgendasM080609S0806095doc ßÌÌßÝØÓÛÒÌß SummaryofChangestotheFY09ExecutiveBudgetRecommendation UrbanRenewalAgency FY09 BudgetCommitteeActions ProposMeidscBCuadpigtael tComm Fund DepartmentBudgAectitoRnsCearcryoovmer mend ADowntownGeneralFund 1PlanningandDevelopment3320002000000532000 2MiscellaneousFiscalTransactions2309783650000008809783 3BalanceAvailable500000050000 Total2691783670000009391783 BDowntownDebtServiceFund 1InterfundTransfers33200000332000 2IntergovernmentalExpenditures23725006500002437500 3Reserve2500000002500000 4BalanceAvailable253624465000 02471244 Total7740744007740744 CDowntownCapitalProjectsFund 1CapitalProjects0049017914901791 2BalanceAvailable280000028000 Total28000049017914929791 DRiverfrontGeneralFund 1PlanningandDevelopment34200000342000 2BalanceAvailable234 782002342782 Total2684782002684782 ERiverfrontDebtServiceFund Total0000 FRiverfrontCapitalProjectsFund 1CapitalProjects00219418219418 2BalanceAvailable130000013000 Total130000219418232418 TOTALURABUDGET 131583096700000512120924979518 ATTACHMENTB RESOLUTIONNO ARESOLUTIONOFTHEURBANRENEWALAGENCYOFTHE CITYOFEUGENEADOPTINGTHEBUDGET MAKING APPROPRIATIONS ANDDECLARINGTHEAMOUNTOFTAXTOBE RECEIVEDFORTHEFISCALYEARBEGINNING JULY1 2008ANDENDINGJUNE30 2009 TheUrbanRenewalAgencyoftheCityofEugenefindsthatadoptingthebudgetandmaking appropriationsisnecessaryunderORS294305toORS294565 NOWTHEREFORE BEITRESOLVEDbytheUrbanRenewalA encyoftheCityofEugene asfollows Section1 ThebudgetfortheUrbanRenewalAgencyoftheCityofEugenefor theFiscalYear beginningJuly1 2008setforthinattachedExhibit A isherebyadopted Section2 TheamountsfortheFi calYearbeginningJuly1 2008andforthepurposes shownin theattachedExhibit A areherebyappropriated Section3 Thatthefollowingbe certifiedtotheCountyAssessorofLaneCounty Oregon TheDowntownPlanAreaisanOptio Oneplanthatshallreceivethemaximumamountof revenuethatmaybe raisedbydividingthetaxesundersection1c ArticleIX oftheOregon Constitution TheRiverfrontPlanAreashallreceivethemaximumamountofrevenuethatmayb raised bydividingthetaxesundersection1c ArticleIX oftheOregonConstitution Thisplan shall becertifiedunderthe WindowPlan sectionofthecertificationform Section4 ThattheCity Recorderisherebyrequestedtoc rtifytheleviesashereinmadeandset forthtotheCountyAssessorofLaneCounty Oregon andshallfilewiththeCountyAssessora copyofthebudgetasfinallyadopted andsuchotherdocumentsasrequiredbyORS2945553 Section5 ThelistoffundnumbersandfundtitlessetforthinattachedExhibit B ishereby adopted andanyfundnumbersorfundtitlesinconflictherewithareherebyrepealed TheforegoingResolutionadoptedthis9thdayofJune 2008 Director EXHIBITA UrbanRenewalAgency DowntownGeneralFund Department Operating PlanningandDevelopment532000 TotalDepartmentOperating 532000 NonDepartmental MiscellaneousFiscalTransactions8809783 BalanceAvailable50000 TotalNonDepartmental 8859783 TotalDowntownGeneralFund939178 3 DowntownDebtServiceFund NonDepartmental InterfundTransfers332000 IntergovernmentalExpenditures2437500 Reserve2500000 BalanceAvailable2471244 TotalNonDepartmental 7740744 TotalDowntownDebtServiceFund774074 4 DowntownCapitalProjectsFund TotalCapitalProjects 4901791 NonDepartmental BalanceAvailable28000 TotalNonDepartmental 28000 TotalDowntownCapitalProjectsFund4929791 RiverfrontGeneral Fund Department Operating PlanningandDevelopment342000 TotalDepartmentOperating 342000 NonDepartmental BalanceAvailable2342782 TotalNonDepartmental 2342782 TotalRiverfrontGeneralFund2684782 EXHIBITA UrbanRenewalAgency RiverfrontCapital ProjectsFund TotalCapitalProjects 219418 NonDepartmental BalanceAvailable13000 TotalNonDepartmental 13000 TotalRiverfrontCapitalProjectsFund232418 TotalResolution2497951 8 ExhibitB UrbanRenewalAgency ReportingFundManagingFundFundTitles 817817Downtown GeneralFund 812812DowntownDebtServiceFund 813813DowntownCapitalProjectsFund 821821RiverfrontGeneralFund 823823RiverfrontCapitalProjectsFund