HomeMy WebLinkAboutResolution No. 5293COUNCH, RESOLUTION NO. 5293
A RESOLUTION ADOPTING A SUPPLEMENTAL BUDGET;
MAKING APPROPRIATIONS FOR THE CITY OF EUGENE
FOR THE FISCAL YEAR BEGINNING JULY 1, 2019,
AND ENDING JUNE 30, 2020.
PASSED: 6:2
R CTED:
OPPOSED: Taylor & Zelenka
ABSENT:
CONSIDERED: May 20, 2020
0
Resolution Number 5293
A RESOLUTION ADOPTING A SUPPLEMENTAL BUDGET;
MAKING APPROPRIATIONS FOR THE CITY OF EUGENE
FOR THE FISCAL YEAR BEGINNING JULY 1, 2019,
AND ENDING JUNE 30, 2020.
The City Council of the City of Eugene finds that Adopting the Supplemental Budget and Making
Appropriations is necessary under ORS 294.471.
NOW THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EUGENE, A Municipal
Corporation of the State of Oregon, as follows:
Section 1.
That the Supplemental Budget for the City of Eugene, Oregon, for the fiscal year beginning July 1,
2019, and ending June 30, 2020, as set forth in attached Exhibit A is hereby adopted.
Section 2.
The supplemental amounts for the fiscal year beginning July 1, 2019, and ending June 30, 2020,
and for the purposes shown in attached Exhibit A are hereby appropriated.
Section 3.
That this Supplemental Budget is prepared in accordance with ORS 294.471(1), which authorizes
the formulation of a supplemental budget resulting from "An occurrence or condition that is not
ascertained when preparing the original budget or a previous supplemental budget for the current
year or current budget period and that requires a change in financial planning." This Supplemental
Budget was published in accordance with ORS 294.471(3).
Section 4.
This resolution complies with ORS 294.471(4), and does not authorize an increase in the levy of
property taxes above the amount in the Adopted Budget publication.
Section 5.
This supplemental budget includes a loan from the City to the Urban Renewal Agency in the
amount of $2 million. The source of the loan is assessment funds. The purpose of the loan is to
provide funding to pay for the Downtown Riverfrom Redevelopment project until property sale
proceeds are received.
City Recorder _pep k,�
EXHIBIT A
SPECIAL ASSESSMENT MANAGEMENT FUND
Non -Departmental
Balance Available
Special Payments
Total Non -Departmental
Amounts
in dollars
(600,000)
600,000
0
TOTAL SPECIAL ASSESSMENT MANAGEMENT FUND 0
MISCELLANEOUS DEBT SERVICE FUND
Non -Departmental
Special Payments 12,000,000
Total Non -Departmental 12,000,000
TOTAL MISCELLANEOUS DEBT SERVICE FUND 12,000,000
SPECIAL ASSESSMENTS CAPITAL PROJECTS FUND
Non -Departmental
Balance Available
Special Payments
Total Non -Departmental
Ifell rill W11:21*]Fill WRIA=91.1kh140111&K00a:2:lalx0&21a011.]
TOTAL REQUIREMENTS -ALL FUNDS
Balance Available is not appropriated for spending and is shown for informational
purposes only.
(1,400,000)
1,400,000
0
0
12,000,000