HomeMy WebLinkAboutDevelopment Commission 2024-03 Resolution No. 2024-03
BEFORE THE
CENTRAL POINT DEVELOPMENT COMMISSION
A RESOLUTION ADOPTING THE BUDGET,MAKING
APPROPRIATIONS,
AND DECLARING TAX INCREMENT
The Central Point Development Commission resolves as follows:
Section 1.The budget for fiscal year 2024-25 in the total amount of
$2,458,040 is adopted. This budget is now on file at the City of Central
Point Finance Offices, 140 South Third Street, Central Point, OR 97502.
Section 2.The amounts for the fiscal year beginning July 1, 2024, and
for the purposes shown below are appropriated:
GENERAL FUND
Materials& Services $50,000
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Debt Service $363,465
Ending Fund Balance $1,894,575
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Section 3.The Board of Directors certify to the county assessor a request
for the Downtown&East Pine Street Corridor Revitalization 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 13th day of June, 2024.
Hank illiams, Chair
Central Point Development Commission
ATTEST
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Rachel Neuenschwander, Recorder