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HomeMy WebLinkAboutURA Resolution No. 1115URBAN RENEW AL AGENCY RESOLUTION NO. 1115 A RESOLUTION ADOPTING A SUPPLEMENTAL BUDGET; MAKING APPROPRIATIONS FOR THE URBAN RENEW AL AGENCY OF THE CITY OF EUGENE FOR THE BIENNIUM BEGINNING JULY 1, 2025, AND ENDING JUNE 30, 2027. PASSED: 8:0 REJECTED: OPPOSED: ABSENT: CONSIDERED: December 8, 2025 Resolution Number 1115 A RESOLUTION ADOPTING A SUPPLEMENTAL BUDGET; MAKING APPROPRIATIONS FOR THE URBAN RENEWAL AGENCY OF THE CITY OF EUGENE FOR THE BIENNIUM BEGINNING JULY 1, 2025, AND ENDING JUNE 30, 2027. The Urban Renewal Agency of the City of Eugene finds that adopting a Supplemental Budget and making appropriations is necessary under ORS 294.471. NOW THEREFORE, BE IT RESOLVED BY THE URBAN RENEW AL AGENCY OF THE CITY OF EUGENE as follows: Section 1. That the Supplemental Budget for the Urban Renewal Agency of the City of Eugene, Oregon, for the biennium beginning July 1, 2025, and ending June 30, 2027, as set forth in Exhibit A is hereby adopted. Section 2. The supplemental amounts for the biennium beginning July 1, 2025, and ending June 30, 2027 , 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 biennial budget publication. The foregoing resolution adopted this 8th day of December, 2025. ~0 =Recorder EXHIBIT A URBAN RENEWAL AGENCY DOWNTOWN GENERAL FUND Department Operating Planning and Development Total Department Operating Non-Departmental * Balance Available Total Non-Departmental TOTAL URA DOWNTOWN GENERAL FUND URBAN RENEWAL AGENCY DOWNTOWN DEBT SERVICE FUND Non-Departmental * Balance Available Total Non-Departmental TOTAL URA DOWNTOWN DEBT SERVICE FUND Amounts in dollars (26,250) (26,250) 106,790 106,790 80,540 231,673 231,673 231,673 URBAN RENEWAL AGENCY DOWNTOWN CAPITAL PROJECTS FUND Capital Projects Capital Projects Total Capital Projects Non-Departmental * Balance Available Total Non-Departmental TOTAL URA DOWNTOWN CAPITAL PROJECTS FUND (872,858) (872,858) (38,371) (38,371) (911,229) URBAN RENEWAL AGENCY RIVERFRONT GENERAL FUND Non-Departmental lnterfund Transfers * Balance Available Total Non-Departmental TOTAL URA RIVERFRONT GENERAL FUND 1,180,000 (1,894,261) (714,261) (714,261) URBAN RENEWAL AGENCY RIVERFRONT CAPITAL PROJECTS FUND Capital Projects Capital Projects Total Capital Projects Non-Departmental * Balance Available Total Non-Departmental TOTAL URA RIVERFRONT CAPITAL PROJECTS FUND 490,255 490,255 23,422 23,422 513,677 URBAN RENEWAL AGENCY RIVERFRONT PROGRAM REVENUE FUND Non-Departmental * Balance Available Total Non-Departmental TOTAL URA RIVERFRONT PROGRAM REVENUE TOTAL REQUIREMENTS -ALL FUNDS * Balance Available amounts are not appropriated for spending and are shown for informational purposes only. 23,952 23,952 23,952 (775,648)