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