URBAN RENEWAL AGENCY OF THE CITY OF HOOD RIVER

RESOLUTION 2012-20

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 2012/13 in the total of $11,780,515 now on file at City Hall, 211 Second Street, Hood River, Oregon.

MAKING APPROPRIATIONS

 BE IT RESOLVED that the amounts for the fiscal year beginning July 1, 2012 and for the purposes shown below are hereby appropriated:

Debt Service Fund (Columbia Cascade)

 Materials & Services…………………………………… $208,181
 Debt Service…………………………………………... $205,000
 Transfers………………………………………………. $4,940,746
 Contingency………………………………………….. $60,000
 
 Total          $5,413,927

Waterfront Plan Fund

 Materials & Services…………………………………… $58,746
 Debt Service…………………………………………… $45,000
 Transfers………………………………………………. $252,161
 Contingency………………………………………….. $7,500
 
 Total          $363,407

Heights Plan Fund

 Materials & Services…………………………………… $21,792
 Debt Service…………………………………………… $14,664
 Transfers………………………………………………. $1,044
 Contingency………………………………………….. $7,500

 Total          $45,000

 
General Fund

 Materials & Services…………………………………… $25,775
 
 Total          $25,775

Capital Projects Fund

 Materials & Services…………………………………… $825,000
 Capital Outlay………………………………………… $3,895,000
 Contingency…………………………………………... $455,000
 
 Total          $5,175,000

     Total Appropriations, All Funds  $11,023,109
     Total Unappropriated, All Funds  $757,406
     Total Adopted Budget   $11,780,515

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 and for the Heights 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 24 day of May, 2012.

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Hoby Streich, Chair

ATTEST:

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Jennifer Gray, City Recorder