Resolution 2014-URA-05

(A resolution providing for a transfer of existing appropriations for debt issuance costs)

 WHEREAS, ORS 294.463 allows the Agency to transfer appropriations within a fund when authorized by resolution of the Board;

WHEREAS, the Columbia Cascade Plan budgeted costs for the State Street construction project as capital outlay; and

WHEREAS, costs of debt issuance should be classified as materials and services; and

WHEREAS, the Agency desires to transfer the budgetary estimates for debt issuance costs from capital outlay to materials and services; and 

WHEREAS, a transfer and reappropriation of $25,000 from “Transfer Out, Capital Projects Fund” to “Materials & Services, Debt Issuance Costs” in the Columbia Cascade Fund and a transfer and reappropriation of ($25,000) from “Transfer In, Columbia Cascade Plan” to “Capital Outlay, Columbia Cascade Projects” in the Capital Projects Fund is necessary;


 NOW, THEREFORE, BE IT RESOLVED by the Urban Renewal Agency of the Hood River that:

The transfer and reappropriation of $25,000 from “Transfer Out, Capital Projects Fund” to “Materials & Services, Debt Issuance Costs” in the Columbia Cascade Fund and a transfer and reappropriation of ($25,000) from “Transfer In, Columbia Cascade Plan” to “Capital Outlay, Columbia Cascade Projects” in the Capital Projects Fund are approved
 
Approved by the Urban Renewal Agency of the Hood River this 14 day of April, 2014, to take effect immediately.

 

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       Hoby Streich, Chairperson


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Jennifer Gray, City Recorder