RESOLUTION NO. 2016-URA-06
A RESOLUTION TRANSFERRING OPERATING CONTINGENCY APPROPRIATION FOR DEVELOPMENT OF STATE STREET LOCAL IMPROVEMENT DISTRICT
WHEREAS, ORS 294.463(1) allows the governing body of a municipal corporation to transfer appropriations within a fund when authorized by ordinance or resolution of the governing body of a municipal corporation; and
WHEREAS, ORS 294.463(2) allows for contingency appropriation transfers made by resolution (versus supplemental budget) up to an aggregate of 15% of total fund appropriations; and
WHEREAS, the Hood River Urban Renewal Agency wishes to transfer appropriations from Columbia Cascade Operating Contingency to the Columbia Cascade Development Program for expenditures related to professional services connected with development of State Street Local Improvement District.
NOW, THEREFORE, BE IT RESOLVED, by and through the Hood River Urban Renewal Agency meeting in regular session, the Board hereby adopts a contingency appropriation transfer, makes appropriations, and adjusts the fiscal year 2015-16 adopted budget as follows:
FY 2015-16 Budget Category Adopted
Budget Increase /
COLUMBIA CASCADE DISTRICT FUND
Development Program* $ 55,000 $ 10,000 $ 65,000
Contingency* 296,333 (10,000) 286,333
Net Change in Expenditure Appropriations $ -
* Appropriation level
Approved by the Hood River Urban Renewal Agency on this 13th day of June, 2016, to take effect immediately.
Kate McBride, Chair
Steve Wheeler, City Administrator