PUBLIC NOTICE - Hermiston Urban Renewal Agency Report

NOTICE IS HEREBY GIVEN that the Hermiston Urban Renewal Agency has prepared a report of the financial activities and impacts for the Hermiston urban renewal district for the 2017/18 fiscal year. The report contains the amount of money received in the 2017/18 tax year, the purposes and amounts any money received was expended during the year, an estimate of money to be received during the 2018/19 fiscal year, and a budget setting forth the purposes and estimated amounts for which the moneys which have been or will be received under ORS 457.420 are to be expended during the 2018/19 fiscal year.  The report also contains an analysis of the impact of carrying out the urban renewal plan on the tax collections for the preceding year for all taxing districts included under ORS 457.430 as follows:

Taxing District

Revenue Forgone 2017/2018

Total Taxes Received 2017/2018

% of Total Taxes to UR

Umatilla County

$21,035.42

$15,990,119.02

0.13%

City of Hermiston

$44,941.14

$5,588,854.16

0.80%

School District #8 Hermiston

$36,092.16

$9,057,566.51

0.40%

Intermountain ESD

$4,545.77

$3,228,926.03

0.14%

BMCC

$4,878.17

$3,467,594.78

0.14%

Port of Umatilla

$1,136.44

$857,952.16

0.13%

Umatilla County Fire District 1

$12,918.61

$3,959,470.07

0.33%

County Radio District

$1,253.23

$875,703.63

0.14%

Cemetery District 8 Hermiston

$678.27

$186,169.27

0.36%

W Umatilla Mosquito Control

$1,491.30

$591,058.12

0.25%

Total

$128,970.51

$43,803,413.75

0.29%

A copy of the report may be obtained at the Hermiston City Hall, 180 NE 2nd Street, Hermiston, OR  97838.  A digital copy of the report may be downloaded at http://www.hermiston.or.us/ura

 

                                                                                                                                                                         (Mark Krawczyk)

                                                                                                                Finance Director

Publish:  October 24, 2018 and October 31, 2018

Release Date