RESOLUTION 2011-19

ADOPTING THE BUDGET
 BE IT RESOLVED that the Board of Directors of the Urban Renewal Agency of the City of Hood River hereby adopts the budget for fiscal year 2011/12 in the total of $11,415,844 now on file at the City Administration Building, 301 Oak Street, Hood River, Oregon.

MAKING APPROPRIATIONS
 BE IT RESOLVED that the amounts for the fiscal year beginning July 1, 2011 and for the purposes shown below are hereby appropriated:

Debt Service Fund (Columbia Cascade)

 Material & Services…………………………………… $129,210
 Debt Service…………………………………………... $314,532
 Transfers………………………………………………. $5,112,462
 Contingency………………………………………….. $100,000
 
 Total          $5,656,204

Waterfront Plan Fund

 Material & Services…………………………………… $5,000
 Debt Service…………………………………………… $50,000
 Transfers………………………………………………. $3,038
 Contingency………………………………………….. $13,689
 
 Total          $71,727

Heights Plan Fund

 Material & Services…………………………………… $50,000

 Total          $50,000

General Fund

 Material & Services…………………………………… $111,300
 Contingency………………………………………….. $15,000
 
 Total          $126,300

Capital Projects Fund

 Material & Services…………………………………… $900,000
 Capital Outlay………………………………………… $3,545,000
 Contingency…………………………………………... $555,000
 
 Total          $5,000,000

     Total Appropriations, All Funds  $10,904,231
     Total Unappropriated, All Funds  $511,613
     Total Adopted Budget   $11,415,844


DECLARATION OF TAX INCREMENT

Option One

 BE IT RESOLVED that the Board of Directors of the Urban Renewal Agency of the City of Hood River hereby resolves to certify to the county assessor for the Columbia Cascade Plan Area a request for the maximum amount of revenue that may be raised by dividing the taxes under Section 1c, Article IX, of the Oregon Constitution.

Other Plans

 BE IT RESOLVED that the Board of Directors of the Urban Renewal Agency of the City of Hood River hereby resolves to certify to the county assessor a request for the Waterfront Plan Area for the maximum amount of revenue that may be raised by dividing the taxes under Section 1c, Article IX, of the Oregon Constitution and ORS Chapter 457.
  
 The above resolution statements were approved and declared adopted on this 16 day of June, 2011.

                                                                                          _________________________________
                                                                   Robert D. Hastings, Chair
ATTEST:

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Jennifer Gray, City Recorder