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Meeting time, date, or location may be subject to change. Please contact the City Recorder at 541-423-1026 for additional information.
I. MEETING CALLED TO ORDER – 6:00 p.m.
II.ROLL CALL
III.APPROVAL OF MINUTES
A. Development Commission Minutes for December 12, 2013.
III.DISCUSSION ITEMS
A.Resolution No. 2014-01, Adopting the Budget, Making Appropriations, and
Declaring Tax Increment.
IV.ADJOURNEMENT
City of Central Point
Development Commission
Agenda
June 12, 2014
6:45 P.M.
Central Point
Council Chambers
140 S. 3rd Street
Central Point, Oregon
Members: Hank Williams
Allen Broderick
Bruce Dingler David Douglas Ellie George
Kelly Geiger
Rick Samuelson
Staff Liaison: Chris Clayton
Tom Humphrey
CITY OF CENTRAL POINT Development Commission Minutes
December 12, 2013
I. REGULAR MEETING CALLED TO ORDER
Chair, Mayor Hank Williams called the meeting to order at 6:30 p.m.
II. ROLL CALL: Chair: Mayor Hank Williams
Commission Members: Allen Broderick, Bruce Dingler,
Rick Samuelson, Kelly Geiger, and David Douglas were present. Ellie George was absent.
Interim City Manager Chris Clayton; Community Development Director Tom Humphrey; Police Chief Kris
Allison; and City Recorder Deanna Casey were also
present.
III. APPROVAL OF MINUTES A. Approval of October 24, 2013 Development Commission Minutes
Allen Broderick moved to approve the Development Commission Minutes
as presented. Rick Samuelson seconded. Roll Call: Allen Broderick, yes; Bruce
Dingler, yes; Rick Samuelson, yes; Kelly Geiger, yes; and David Douglas, yes. Motion approved. IV. DISCUSSION ITEMS
City Manager Chris Clayton stated that one of the buildings in downtown Central
Point has gone into bankruptcy. The value is about $175,000. This property will be on the County steps for auction next week. We hope that it will sell and we
can encourage another business downtown. V. BUSINESS
A. Consideration of Resolution Authorizing the Urban Renewal Director
to Approve a Streetscape Reimbursement Agreement with Tatum
Real Estate, Inc. Community Development Director Tom Humphrey presented a request from
Tatum Real Estate to reimburse their cost associated with improvements along Highway 99. The improvements would have been included in the Highway 99 Streetscape improvement project if the property had not been in escrow at the
time of the project. Tatum Real Estate would like to continue the streetscape design along the property fronting Highway 99. As a condition of development for
the Walgreens project the city required that the existing sidewalks be replaced
per the City’s new standards. The existing frontage, although functionally adequate, does not meet the current streetscape standards. The conditions the
city put on the project were intended to improve the image of the downtown area.
City of Central Point City Council Minutes December 12, 2013
Page 2
The improvements to the northern part of Highway 99 were constructed with a grant and at no cost to the frontage properties. It seems only fair that the
Development Commission agree to reimburse these improvements for the Walgreens project.
On October 24, 2013 the Development Commission considered this request and generally agreed to reimburse, over time, the streetscape costs. At that time the
Commission directed staff to prepare an agreement for reimbursement. The
agreement takes into consideration that adequate tax increment revenue will be available to support the debt service payments in the future.
The terms of the agreement are:
• Maximum reimbursement not to exceed $35,832
• Maximum seven year repayment schedule to be paid annually on
January 15th at a rate of 1.36%. Payments of $5,399.73 will begin
January 15, 2016; and
• No pre-payment penalty.
Construction has started with demolition of the existing gas station and
environmental remediation. They are hoping to complete construction by May
2014.
The terms of the agreement are conservatively structured so that the estimated
tax increment revenue from the Walgreens project will fully cover the annual payments. It is expected that the Walgreens project will be completed and a
Certificate of Occupancy issued in May, 2014. Based on the estimated
completion date the Walgreens project should be on the FY14-15 tax role with tax increment revenue available for FY14-15. The first payment is set for 2016 to
allow an additional assurance of tax increment. When completed the Walgreens
project should generate an estimated $12,000 in annual tax increment revenue. The estimate is based on a similar Walgreens less the current value of land and
improvements. The total cost of the reimbursement agreement to the Development Commission
over the seven year period will be $37,790. If financed as part of a tax increment bond the cost would be $44,204. During this period it is estimated that the
Walgreens project will generate approximately $76,370 in tax increment revenue.
Development of the Walgreens project is not contingent on reimbursement of streetscape cost reimbursement.
There was discussion about having a policy in place for this type of situation. Some Council members prefer to go project by project and others would like to
see specific guidelines for reimbursements. It was explained that a policy would
help staff know what the city could offer to entice new projects to come into Central Point. If a policy was approved reimbursement would only be allowed for
plans that are already in place or are planned for a specific area.
Bruce Dingler made a motion to approve Resolution No. 2013-06
Authorizing the Urban Renewal Director to Approve a Streetscape
City of Central Point City Council Minutes December 12, 2013
Page 3
Reimbursement Agreement with Tatum Real Estate, Inc. Allen Broderick
seconded. Roll Call: Allen Broderick, yes; Bruce Dingler, yes; Rick Samuelson,
yes; Kelly Geiger, yes; and David Douglas, yes. Motion approved.
B. Consideration of a Resolution for Local Government Investment Pool Authorization
City Manager Chris Clayton explained that the Development Commission has begun receiving tax increment revenue it is necessary to authorize the Finance
Director to open an account with the Local Government Investment Pool in the
name of the Central Point Development Commission. The Local Government Investment Pool requires the Commission to approve a resolution authorizing the
Finance Director to do this. This is a house keeping item. Rick Samuelson moved to approve Resolution No. 2013-07 A Resolution for
Local Government Investment Pool Authorization. David Douglas seconded. Roll Call: Allen Broderick, yes; Bruce Dingler, yes; Rick Samuelson, yes; Kelly Geiger, yes; and David Douglas, yes. Motion approved.
VI. ADJOURNMENT
Allen Broderick moved to adjourn, Rick Samuelson seconded, all said “aye” and the meeting was adjourned at 6:50 p.m.
Dated: _________________________
Chair Mayor Hank Williams
ATTEST:
__________________________ City Recorder
STAFF REPORT
June 12, 2014
AGENDA ITEM: File No. 1
Consideration of Resolution Adopting the Central Point Development Commission Budget for Fiscal
Year 2014-15.
STAFF SOURCE:
Don Burt, Planning Manager
BACKGROUND:
On April 28, 2014 the Central Point Development Commission Budget Committee met to review the
proposed budget for Fiscal Year 2014-15. After discussion they voted to approve the budget as follows:
General Fund
Personnel Services $0
Materials & Services $18,800 Capital Outlay $120,000
Debt Service $2,500
Contingency $3,000
Total General Fund $144,300
EXHIBITS/ATTACHMENTS:
Attachment “A” – Central Point Development Commission Annual Budget, Fiscal Year 2013-14.
Attachment “B” – Resolution No. UR14-01 Approving Budget
ACTION:
Consider resolution approving the fiscal year 2014-15 budget for the Central Point Development
Commission.
RECOMMENDATION:
Adopt Resolution No. UR14-01 approving the fiscal year 2014-15 budget for the Central Point
Development Commission.
Page 1 of 1
CENTRAL POINT DEVELOPMENT
COMMISSION
FISCAL YEAR 2014-15 BUDGET
JUNE 12, 2014
ATTACHMENT “A”
Page 1 of 14
CENTRAL POINT DEVELOPMENT
COMMISSION
CENTRAL POINT DEVELOPMENT COMMISSION MEMBERS
HANK WILLIAMS, CHAIR
BRUCE DINGLER, VICE CHAIR ALLEN BRODERICK DAVID DOUGLAS KELLY GEIGER ELLIE GEORGE RICK SAMUELSON
CITIZEN COMMITTEE MEMBERS
MIKE QUILTY
SCOTT DIPPEL KAREN HUCKINS JASON LUKASZEWICZ RANDY SPARACINO BILL STULTS STEVEN WEBER
BUDGET OFFICER
CHRIS CLAYTON, CITY MANAGER
URBAN RENEWAL STAFF
CHRIS CLAYTON, URBAN RENEWAL M ANAGER/ CITY MANAGER BEV ADAMS, FINANCE DIRECTOR TOM HUMPHREY, COMMUNITY DEVELOPMENT DIRECTOR MATT SAMITORE, PARKS & PUBLIC WORKS DIRECTOR
Page 2 of 14
BUDGET MESSAGE
TO: CHAIR AND BOARD OF DIRECTORS CENTRAL POINT DEVELOPMENT
COMMISSION
BUDGET COMMITTEE MEMBERS, AND
CITIZENS OF CENTRAL POINT
“Never spend your money before you have it.” Thomas Jefferson
INTRODUCTION
Fiscal year 2014-15 will be the Development Commission’s third budget year and the
second year for the collection of tax increment revenue. The Great Recession had a
greater impact on real estate values than previously estimated. Tax increment revenues
were significantly lower in FY13-14 than initially anticipated. This was primarily due to
the continued decline in commercial real estate values. It is anticipated that for this
fiscal year (FY14-15) the urban renewal district will experience a threefold increase in
tax increment revenue due to recovering commercial values and new commercial
projects (Walgreens).
Although an increase in revenue is expected, the FY14-15 Budget expenditures remain
very conservative. The projects and activities identified in the budget are carry-overs
from the prior fiscal year, with no immediate imperative to complete during FY14-15.
The Commission’s general fiscal strategy remains ‘wait and see’ how the rate of revenue
growth develops during the course of the next couple years.
MISSION
It is the primary mission of the Central Point Development Commission to eliminate
blight and depreciating property values within the urban renewal district. This mission
will be accomplished through the strategic implementation of projects and activities
that consciously maximize both public and private investments within the Urban
Renewal Area, investments that are designed to target, facilitate and strengthen the
economic and aesthetic vitality of the urban renewal district as the City’s traditional
mixed-use urban core.
OVERALL GOAL
The basic goal of the Commission is to address, through the implementation of the Plan, existing
blighted conditions within the urban renewal district so that unused and underused properties can be
placed in productive condition and utilized at their highest and best use in accordance with the City of
Central Point Comprehensive Plan.
Page 3 of 14
KEY OBJECTIVES
Section 1.5.2 of the Plan identifies fourteen (14) goals and objectives to be
accomplished by the Plan. Each year these goals will be addressed in the Commission’s
annual report.
KEY PERFORMANCE MEASURES
• Increased real property assessed value within the urban renewal district
• Track and manage Return-on-Investment (ROI) ratio between public and private
investment dollars within the urban renewal district
• Completion of projects on schedule.
LEGAL COMPLIANCE
• Notice of Budget Committee meeting
• Affidavit of Publication, Mail Tribune
• Resolution Adopting the Annual Budget
• FORM UR-50, Notice to Assessor
THE BUDGET
A budget is a financial plan listing all planned expenses and revenues for any given
period of time. The Commission’s budget consists of a single fund; the General Fund.
The Budget’s primary source of income is tax increment revenue and the ability to
borrow funds based on the future generation of tax increment revenue.
GENERAL FUND EXPENSES
The Commission’s expenses fall into one of four categories: Personal Services, Materials
& Services, Capital Projects, and Debt Service. It is important that during this first year
that the Commission actively begin implementation of the Plan.
PERSONAL SERVICES
Personal Services are shown in the budget, but are not funded. Rather than hire
personnel for staffing the Commission existing City staff will be used on a
contract basis, which is accounted for under Materials & Services, Contract
Services.
MATERIALS & SERVICES
The Materials & Services category is comprised of six subcategories, most of
which address basic administrative requirements of the Commission. Such as;
the costs of legal services, annual audit, materials, administrative staff, etc.
The administrative staff function will be provided for under the Contract
Services category. City staff will contract to the Commission on an as needed
basis.
CAPITAL PROJECTS
The Capital Projects Fund accounts for all expenditures on projects related to
implementation of the fifteen (15) projects listed in the Plan. This includes such
activities as project administration, design, engineering, and construction costs.
Over the course of the next 24 years it is the Commission’s charge to complete
Page 4 of 14
each of these projects, while not exceeding its Maximum Indebtedness limit of
$43,177,530.
For FY 2014-15 the Capital Projects Fund carries-over the project list from FY13-
14:
• Parking Lot Lighting – Public Works completed the public parking lot
located at 3rd Street and Oak Street in FY 13-14. The Commission has
agreed to reimburse the City for partial cost of the street lights (Project
No. 6a).
• Hwy. 99 Pedestrian Lighting – Install pedestrian lighting along the west
side of Hwy. 99 south of the Grange property as part of the commercial
development of three properties. This project has been continued from
FY 13-14 pending completion of a third commercial development
(Project No. 4).
• Concept design for the extension of Gebhard Road from Beebe Road to
East Pine Street. The purpose of this study is to conceptually address
the design of the Gebard Road extension, including general location,
design features, and estimated construction costs, in advance of any
proposed development in the area, particularly the old Wal-Mart site.
Depending on the outcome of the concept plan, it will be followed by
Preliminary and Construction plans in subsequent budget years. The
Commission has submitted an application for a state grant to participate
in completion of the concept design (Project No. 5e and Project No. 8).
• Continue preparation of policies, procedures, and funding for the
Economic Incentive Program.
DEBT SERVICE
The purpose of the Debt Service is to account for the payment of principal and
interest due on Commission debt. For this fiscal year the Commission will pay
interest on the $125,000 loan from the City. The terms of the loan are 2%
interest payments annually, with a $125,000 balloon payment at the end of the
fifth year.
RESOURCES
Funding for activities and projects will come from two sources; tax increment revenue
and a loan from the City. The Commission can pursue and receive grants, but has not
planned on doing so at this time.
TAX INCREMENT REVENUE
The primary source of urban renewal revenue is tax increment revenue. In FY
13-14 the Commission received it first tax increment revenue payments totaling
$6,589. Tax increment revenues were significantly lower in FY13-14 than initially
anticipated. This was primarily due to the continued decline in commercial real
estate values. It is anticipated that for this fiscal year (FY14-15) the urban
Page 5 of 14
renewal district will experience a threefold increase in tax increment revenue
due to recovering commercial values and new commercial projects (Walgreens).
It’s estimated that the Commission will receive $19,400 in tax increment
revenue for FY14-15. Being the Commission’s second budget year for receipt of
tax increment the amount of tax increment revenue available will be
interesting, and serve as a basis for future years. Last year the assessed value of
the Plan Area actually decreased, which; if is repeated this next year will result
in no tax increment revenue for the first year.
CITY LOAN
As noted the Commission received a loan from the City of Central Point for
$125,000. This loan will be payable interest only for five years, with a lump sum
principal payment at the end of fifth year (FY2017-18). Repayment of the loan
will come from future tax increment revenues.
BALANCE FORWARD
The Commission begins the fiscal year with an estimated beginning cash balance
of $124,900.
A BALANCED BUDGET
By Oregon Law the budget is balanced at $144,300.
Page 6 of 14
Actual Amount Adopted Budget Proposed Budget
2012-13 This Year 2013-14 Next Year 2014-15
-$ 124,200$ 124,900$
-$ -$ -$
-$ -$ -$
-$ -$ -$
-$ -$ -$
Interest -$ -$ -$
-$ 50,000$ 19,400$
NA NA NA
-$ 174,200$ $144,300
-$ -$ -$
548$ 18,700$ 18,800$
210$ 150,000$ 120,000$
-$ 2,500$ 2,500$
-$ -$ -$
-$ 3,000$ 3,000$
All Other Expenditures and Requirements -$ -$ -$ -$ -$ -$
758$ 174,200$ 144,300$
LONG TERM DEBT
July 1, 2014
General Obligation Bonds
Other Bonds
Other Borrowings
Total
Contact: Chris Clayton, Urban Renewal Manager Telephone: (541) 423-1018 Email: Chris.Clayton@centralpointoregon.gov
FINANCIAL SUMMARY - REQUIREMENTS BY OBJECT CLASSIFICATION
All Other Resources Except Division of Tax & Special Levy
Personnel Services
Capital Outlay
Debt Service
Interfund Transfers
Contingencies
Revenue from Division of Tax
Revenue from Special Levy
Total Resources
Revenue from Bonds and Other Debt
122,500.00$
Not Incurred on July 1
-$
122,500.00$
-$
-$
-$
Estimated Debt Outstanding Estimated Debt Authorized, But
STATEMENT OF INDEBTEDNESS
-$
-$
Interfund Transfers
Unappropriated Ending Fund Balance
Total Requirements
Materials and Services
NOTICE OF BUDGET HEARING
FINANCIAL SUMMARY - RESOURCES
TOTAL OF ALL FUNDS
Federal, State and All Other Grants
Beginning Fund Balance/Net Working Capital
A public meeting of the Central Point Development Commission will be held on June 12, 2014 at 6:45 pm at the City of Central Point Council Chambers, 140 S. 3rd St.,Central Point Oregon. The purpose of this meeting is to discuss the budget for the fiscal year
beginning July 1, 2014 as approved by the Central Point Development Commission Budget Committee. A summary of the budget is presented below. A copy of the budget may be inspected or obtained at the City of Central Point Finance Department, 140 S. 3rd St., Central Point, OR, between the hours of 9:00 a. m. and 5:00 p. m., or at www.centralpointoregon.gov.
Page 7 of 14
RESOURCES
General Fund
1 NA -$ 124,200$ 1. Available cash on hand* (cash basis) or 124,400$ 124,400$ 124,400$ 1
2 NA -$ -$ 2. Net working capital (accrual basis)-$ -$ -$ 2
3 NA -$ -$ 3. Previously levied taxes estimated to be received 500$ 500$ 500$ 3
4 NA -$ -$ 4. Interest -$ -$ -$ 4
5 NA -$ -$ 5. Transferred in, from other funds -$ -$ -$ 5
6 6 OTHER RESOURCES -$ -$ 6
7 NA 125,000$ -$ 7. Loan (City of Central Point)-$ -$ -$ 7
8 8 8
9 9 9
10 10 10
11 11 11
12 12 12
13 13 13
14 14 14
15 15 15
16 16 16
17 17 17
18 18 18
19 19 19
20 20 20
21 21 21
22 22 22
23 23 23
24 24 24
25 25 25
26 26 26
27 27 27
28 28 28
29 NA 125,000$ 124,200$ 29. Total resources, except taxes to be levied 124,900$ 124,900$ 124,900$ 29
30 50,000$ 30. Taxes estimated to be received 19,400$ 19,400$ 19,400$ 30
31 -$ 31. Taxes collected in year levied 31
32 NA 125,000$ 174,200$ 32. TOTAL RESOURCES 144,300$ 144,300$ 144,300$ 32
*Includes ending balance from prior year
FORM
LB-20 Central Point Development Commission
Second Preceding
Year 2011-12
Budget for Next Year 2014-15Historical Data
Actual
First Preceding
Year 2012-13
Adopted Budget
This Year
2013-14 RESOURCE DESCRIPTION Proposed By
Budget Officer
Approved By
Budget Committee
Adopted By
Governing Body
Page 8 of 14
FORM
LB-30
Adopted Budget
Second Preceding First Preceding This Year Proprosed By Approved By Adopted By
Year 2011-12 Year 2012-13 2013-14 Budget Officer Budget Committee Governing Body
PERSONAL SERVICES
1 NA -$ -$ 1 Salaries & Wages -$ -$ -$ 1
2 NA -$ -$ 2 City Taxes & Benefits -$ -$ -$ 2
3 NA -$ -$ 3 TOTAL PERSONAL SERVICES -$ -$ -$ 3
MATERIALS AND SERVICES
4 NA 548$ 2,200$ 4 Advertising/Legal Notices $2,300 2,300$ 2,300$ 4
5 NA -$ 5,500$ 5 Professional Services $5,500 5,500$ 5,500$ 5
NA -$ Audit & Legal -$ -$
6 NA -$ 10,000$ 6 Contract Services, Admin. Staff $10,000 10,000$ 10,000$ 6
7 NA -$ 400$ 7 Office Supplies $400 400$ 400$ 7
8 NA -$ 300$ 8 Postage $300 300$ 300$ 8
10 NA -$ 300$ 10 Phone/Internet $300 300$ 300$ 10
11 NA 548$ 18,700$ 11 TOTAL MATERIALS AND SERVICES $18,800 18,800$ 18,800$ 11
CAPITAL OUTLAY
12 NA -$ 40,000$ 12 Oak Street Parking Lot 25,000$ 25,000$ 25,000$ 12
13 NA 210$ 60,000$ 13 Hwy. 99 Pedestrian Lights 50,000$ 50,000$ 50,000$ 13
14 NA -$ 25,000$ 14 Economic Incentive Program 20,000$ 20,000$ 20,000$ 14
15 -$ 25,000$ 15 Design Services, Concept Plan 25,000$ 25,000$ 25,000$ 15
16 NA 210$ 150,000$ 16 TOTAL CAPITAL OUTLAY 120,000$ 120,000$ 120,000$ 16
DEBT SERVICE
17 NA -$ 2,500$ 17 City Loan, Interest Only 2,500$ 2,500$ 2,500$ 17
18 NA -$ 2,500$ 18 TOTAL DEBT SERVICE 2,500$ 2,500$ 2,500$ 18
TRANSFERRED TO OTHER FUNDS
19 NA -$ -$ 19 -$ -$ -$ 19
20 NA -$ -$ 20 -$ -$ -$ 20
21 NA -$ -$ 21 -$ -$ -$ 21
22 NA -$ -$ 22 TOTAL TRANSFERS -$ -$ -$ 22
23 3,000$ 23 OPERATING CONTINGENCY 3,000$ 3,000$ 3,000$ 23
24 NA NA 24 Ending balance (prior years)24
25 -$ 25 UNAPPROPRIATED ENDING FUND BALANCE -$ 25
26 NA $758 $174,200 26 TOTAL REQUIREMENTS $144,300 141,800$ 141,800$ 26
150-504-030 (Rev 12/09)
Historical DataActual REQUIREMENTS DESCRIPTION Budget For Next Year 2014-15
REQUIREMENTS SUMMARY
Central Point Development Commission - General Fund
Page 9 of 14
LEGAL COMPLIANCE
• Notice of Budget Committee meeting
• Notice of Budget Hearing
• Resolution No. 14-01 Adopting the Annual Budget
• FORM UR-50, Notice to Assessor
Page 10 of 14
NOTICE OF BUDGET COMMITTEE MEETING
A public meeting of the Budget Committee of the Central Point Development Commission, Jackson
County, Oregon to discuss the budget for the fiscal year July 1, 2014 to June 30, 2015, will be held the
City Council Chambers, 140 S. Third Street, Central Point, Oregon. The meeting will take place on April
28, 2014, at 6:00 P.M. The purpose of the meeting is to receive the budget message and comments from
the public on the budget.
A copy of the budget document may be inspected or obtained on or after April 18, 2014 at the Finance
Offices of the City of Central Point, between the hours of 9:00 A.M. and 5:00 P.M., on the City of Central
Point web site at www.centralpointoregon.gov.
This is a public meeting where deliberation of the Budget Committee will take place.
Any person may appear at the meeting and discuss the proposed budget with the
Budget Committee.
Page 11 of 14
Actual Amount Adopted Budget Proposed Budget
2012-13 This Year 2013-14 Next Year 2014-15
-$ 124,200$ 124,900$
-$ -$ -$
-$ -$ -$
-$ -$ -$
-$ -$ -$
Interest -$ -$ -$
-$ 50,000$ 19,400$
NA NA NA
-$ 174,200$ $144,300
-$ -$ -$
548$ 18,700$ 18,800$
210$ 150,000$ 120,000$
-$ 2,500$ 2,500$
-$ -$ -$
-$ 3,000$ 3,000$
All Other Expenditures and Requirements -$ -$ -$ -$ -$ -$
758$ 174,200$ 144,300$
LONG TERM DEBT
July 1, 2014
General Obligation Bonds
Other Bonds
Other Borrowings
Total
Contact: Chris Clayton, Urban Renewal Manager Telephone: (541) 423-1018 Email: Chris.Clayton@centralpointoregon.gov
FINANCIAL SUMMARY - REQUIREMENTS BY OBJECT CLASSIFICATION
All Other Resources Except Division of Tax & Special Levy
Personnel Services
Capital Outlay
Debt Service
Interfund Transfers
Contingencies
Revenue from Division of Tax
Revenue from Special Levy
Total Resources
Revenue from Bonds and Other Debt
122,500.00$
Not Incurred on July 1
-$
122,500.00$
-$
-$
-$
Estimated Debt Outstanding Estimated Debt Authorized, But
STATEMENT OF INDEBTEDNESS
-$
-$
Interfund Transfers
Unappropriated Ending Fund Balance
Total Requirements
Materials and Services
NOTICE OF BUDGET HEARING
FINANCIAL SUMMARY - RESOURCES
TOTAL OF ALL FUNDS
Federal, State and All Other Grants
Beginning Fund Balance/Net Working Capital
A public meeting of the Central Point Development Commission will be held on June 12, 2014 at 6:45 pm at the City of Central Point Council Chambers, 140 S. 3rd St.,Central Point Oregon. The purpose of this meeting is to discuss the budget for the fiscal year
beginning July 1, 2014 as approved by the Central Point Development Commission Budget Committee. A summary of the budget is presented below. A copy of the budget may be inspected or obtained at the City of Central Point Finance Department, 140 S. 3rd St., Central Point, OR, between the hours of 9:00 a. m. and 5:00 p. m., or at www.centralpointoregon.gov.
Page 12 of 14
Page 13 of 14
FORM UR-50 NOTICE TO ASSESSOR 2014-2015
• Submit two (2) copies to county assessor by July 15. Check here if this is an amended form.
Part 1: Option One Plans (Reduced Rate). For definition of Option One plans, see ORS 457.435(2)(a)
Increment Value
to Use*
100% from Division
of Tax
Special Levy
Amount**
$ Or Yes ____ $
$ Or Yes ____ $
$ Or Yes ____ $
$ Or Yes ____ $
Part 2: Option Three Plans (Standard Rate). For definition of Option Three plans, see ORS 457.435(2)(c)
Increment Value
to Use***
Amount from Division
of Tax***
Special Levy
Amount****
$ Or
$ Or
$ Or
Part 3: Other Standard Rate Plans. For definition of standard rate plans, see ORS 457.010(4)(b)
Increment Value
to Use*
100% from
Division of Tax*
$ Or Yes X
$ Or Yes ____
$ Or Yes ____
$ Or Yes ____
$ Or Yes ____
Part 4: Other Reduced Rate Plans. For definition of reduced rate plans, see ORS 457.010(4)(a)
Increment Value
to Use*
100% from
Division of Tax*
$ Or Yes ____
$ Or Yes ____
$ Or Yes ____
$ Or Yes ____
$ Or Yes ____
Notice to Assessor of Permanent Increase in Frozen Value. Effective 2012-2013, permanently increase frozen value to:
Plan Area Name New frozen value $
Plan Area Name New frozen value $
* All Plans except Option Three: Enter amount of Increment Value to Use that is less than 100% Or check "Yes" to receive
100% of division of tax. Do NOT enter an amount of Increment Value to Use AND check "Yes".
** If an Option One plan enters a Special Levy Amount, you MUST check "Yes" and NOT enter an amount of Increment to Use.
*** Option Three plans enter EITHER an amount of Increment Value to Use to raise less than the amount of division of tax stated
in the 1998 ordinance under ORS 457.435(2)(c) OR the Amount from Division of Tax stated in the ordinance, NOT both.
**** If an Option Three plan requests both an amount of Increment Value to Use that will raise less than the amount of division
of tax stated in the 1998 ordinance and a Special Levy Amount, the Special Levy Amount cannot exceed the amount available
when the amount from division of tax stated in the ordinance is subtracted from the plan's Maximum Authority.
150-504-076-5 (Rev. 12-10)
Plan Area Name
Plan Area Name
Downtown & East Pine Street Corridor Revitalization Plan
The Central Point Development Commission authorizes its 2014-2015 ad valorem tax increment amounts
by plan area for the tax roll of: Jackson County
Plan Area Name
Plan Area Name
Notification
Chris Clayton (541) 423-1918 July 10, 2014
(Contact Person) (Telephone Number) (Date)
140 S. 3rd St., Central Point, Oregon 97502 Chris.Clayton@centralpointoregon.gov
(Agency's Mailing Address) (Contact Person's E-mail Address)
Resolution No. 2014-01
BEFORE THE
CENTRAL POINT DEVELOPMENT COMMISSION
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 2014–15 in the total of $144,300 is
adopted. This budget is now on file at the City of Central Point Finance
Offices, 140 South Third Street, Central Point, OR 97502.
Section 2. The amounts for the fiscal year beginning July 1, 2013; and for
the purposes shown below are appropriated:
General Fund
Personnel Services. . . . . . . . . . . . . . . . . . . . . . . .$ 0
Materials & Services. . . . . . . . . . . . . . . . . . . . . . $ 18,800
Capital Outlay . . . . . . . . . . . . . . . . . . . . . . . . . . $120,000
Debt Service . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2,500
Contingencies . . . . . . . . . . . . . . . . . . . . . . . . . . .$ 3,000
Total General Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $144,300
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 12th day of June 2014.
________________________________________
Hank Williams, Chair
Central Point Development Commission
ATTEST
__ ___ _______________
Deanna Casey, Recorder
ATTACHMENT “B”
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