(A resolution establishing the purpose of the Waterfront Plan Fund)
WHEREAS, Hood River County has levied Waterfront Plan district taxes for 2009-2010;
WHEREAS, the Waterfront Plan is incurring expenditures that are eligible to be paid with tax increment financing proceeds;
WHEREAS, the governing body wishes to track tax increment financing proceeds separately for the newly created Waterfront Plan district;
NOW, THEREFORE, BE IT RESOLVED by the Urban Renewal Agency of the City of Hood River that:
The Waterfront Plan Fund be utilized for the tracking and expenditure of tax increment financing proceeds to meet regular Waterfront Plan needs.
Approved by the Urban Renewal Agency of the City of Hood River the 19th day of November, 2009 to take effect immediately.
Robert D. Hastings, Chairperson
Jennifer McKenzie, City Recorder