HomeMy WebLinkAboutURA Resolution No. 1100URBAN RENEWAL AGENCY
RESOLUTION NO. 1100
A RESOLUTION OF THE URBAN RENEWAL AGENCY OF THE
CITY OF EUGENE AUTHORIZING A BIENNIAL (24-MONTH)
BUDGET PURSUANT TO ORS 294.323.
PASSED: 6:0
REJECTED:
OPPOSED:
ABSENT: Yeh
CONSIDERED: December 12, 2022
RESOLUTION NO. 1100
A RESOLUTION OF THE URBAN RENEWAL AGENCY OF THE CITY
OF EUGENE AUTHORIZING A BIENNIAL (24-MONTH) BUDGET
PURSUANT TO ORS 294.323.
The Urban Renewal Agency of the City of Eugene finds that:
A. Oregon Revised Statute (ORS) 294.323 authorizes local governments to adopt
biennial (24-month) budgets so long as certain requirements are met. Specifically, ORS
294.323(1), provides that a municipal corporation may prepare the budget and budget documents
for a period of 24 months if doing so is authorized by ordinance, resolution, or charter.
B. The Urban Renewal Agency of the City of Eugene deems it appropriate to develop
its budget for a longer -term perspective than one year.
C. ORS 294.323(2) requires that when a governing body of a municipal corporation
prepares a biennial budget, the governing body shall certify to the assessor for each fiscal year of
the budget period the ad valorem property tax amount or rate for the ensuing fiscal year.
NOW, THEREFORE,
BE IT RESOLVED by the Urban Renewal Agency of the City of Eugene as follows:
Section 1. The Urban Renewal Agency authorizes the budget and budget documents be
prepared for a period of 24 months, declares its intent to prepare and adopt a biennial budget, and
instructs the Budget Officer to prepare the budget and budget documents for a 24-month period
beginning July 1, 2023, and continuing thereafter unless and until the City Council repeals this
Resolution.
Section 2. The Urban Renewal Agency will annually certify to the assessor the ad
valorem property tax amount or rate for the ensuing fiscal year.
Section 3. This Resolution is effective immediately upon its passage by the City
Council.
The foregoing Resolution adopted the 12111 day of December, 2022.
/t�z
City Record
Resolution -- Page 1 of 1