CITY OF PENDLETON

EO-9772
PENDLETON DEVELOPMENT COMMISSION NOTICE
In accordance with ORS 457.460, a statement has been prepared and is on file with the City of Pendleton and the Pendleton Development Commission. The following notice is the statement on file and this information is made available to all interested persons.
FISCAL YEAR 2017/2018 RESOURCES AND EXPENDITURES
During FY17-18, the Pendleton Development Commission Riverfront Urban Renewal Agency received a total of $732,384 in tax increment revenues, $37,526 in Jump Start Loan repayments, and $9,406 from interest income. The agency took out a credit line draw of $300,000 during the year and paid it back in June. An Energy Trust grant was received for $2,500. Table 1 identifies, by source all the revenue received and expenditures made during fiscal year 2018. Second story development, faade restoration, Fresh Start, and Jump Start expenditures and contributions to the Downtown Association were the most significant expenses.
FISCAL YEAR 2018/2019 ADOPTED BUDGET RESOURCES AND EXPENDITURES
For FY18-19, the Pendleton Development Commission Riverfront Urban Renewal Agency expects to receive $765,000 in tax increment revenues, $22,500 in Jump Start loan repayments, and $11,600 interest. A draw on a line of credit is anticipated. Expected expenditures are presented as the budget adopted by the Commission in June 2018. Table 2 illustrates the information. The budget is available online at www.pendleton.or.us under the Finance tab.
Table 1 Table 2
Statement of Resources and Expenditures Adopted Budget for Resources and Expenditures
for the Year Ended June 30, 2018 (Unaudited) for the Year July 1, 2018 through June 30, 2019

Operating Debt Service Operating Debt Service
RESOURCES Fund Fund RESOURCES Fund Fund
Beginning Fund Balance July 1, 17 $292,937 $751,440 Beginning Fund Balance $195,000 $891,000
Tax Increment Receipts 0 732,384 Tax Increment Receipts 0 765,000
External Loan Proceeds 300,000 0 Loan Proceeds 2,000,000 0
Jump Start Loan Repayments & Misc 39,276 0 Jump Start Loan Repay 22,500 0
Grants 2,500 0 Investment Income 1,500 10,100
Investment Income 2,050 7,356 TOTAL RESOURCES $2,219,000 $1,666,100
TOTAL RESOURCES $636,763 $1,491,180
EXPENDITURES EXPENDITURES
Materials & Services 2,051,425 116,100
Materials & Services 387,155 55,851 Capital Outlay 50000 0
Capital Outlay 0 0 Debt Service 0 1,274,000
Debt Service 0 602,569 Contingency 117,575 0
TOTAL EXPENDITURES $387,155 $658,420 Reserve for Debt Service 0 276,000
Ending Fund Balance, June 30, 2018 $249,608 $832,760 TOTAL EXPENDITURES $2,219,000 $1,666,100
Note: All figures based on unaudited expenses and revenues for FY2017-2018.
(Prepared by the Riverfront Urban Renewal Agency pursuant to ORS 457.460)

ANALYSIS OF IMPACT OF CARRYING OUT THE URBAN RENEWAL PLAN ON THE TAX RATE FOR THE PRECEDING YEAR FOR ALL AFFECTED TAXING BODIES
FY2017-18 FY 04/05 Change in Taxes Levied Percent of
Total Permanent Incremental Incremental Incremental Impact on total Taxes Divided
Assessed Tax Rate Assessed Assessed Assessed on Assessed for Urban
Taxing District Value Compressed Value Value Value Taxes Value Renewal
Education
Education Service District 5,683,126,542 0.6156 125,164,962 73,535,650 51,629,312 31,783 3,498,533 2.20%
Blue Mt Community College 5,683,126,542 0.6611 125,164,962 73,535,650 51,629,312 34,132 3,757,115 2.20%
School Dist. 16R 1,443,588,924 4.4537 125,164,962 73,535,650 51,629,312 229,941 6,429,312 8.67%
School Dist. 16R Special Levy 1,443,588,924 0.4 125,164,962 73,535,650 51,629,312 20,652 577,436 8.67%
General Government
Umatilla County 5,683,126,542 2.8487 125,164,962 73,535,650 51,629,312 147,076 16,189,523 2.20%
Port of Umatilla 5,683,126,542 0.1539 125,164,962 73,535,650 51,629,312 7,946 874,633 2.20%
City of Pendleton 938,181,204 6.5771 125,164,962 73,535,650 51,629,312 339,571 6,170,512 13.34%
County Radio District 5,259,600,710 0.1700 125,164,962 73,535,650 51,629,312 8,777 894,132 2.38%
Umatilla Special Library Dist 4,722,396,118 0.3682 125,164,962 73,535,650 51,629,312 19,010 1,738,786 2.65%
Excluded from M-5 rate limitations
School Dist 16R Bond 1,443,588,924 2.2305 125,164,962 73,535,650 51,629,312 115,159 3,219,925 8.67%
BMCC Bond 5,683,126,542 0.2133 125,164,962 73,535,650 51,629,312 11,013 1,212,211 2.20%
City of Pendleton Bond 938,181,204 0.6238 125,164,962 73,535,650 51,629,312 32,206 585,237 0.00%
September 11, 25, 2018

CITY OF PENDLETON East Oregonian city-of-pendleton EO-9772 PENDLETON DEVELOPMENT COMMISSION NOTICE In accordance with ORS 457.460, a statement has been prepared and is on file with the City of Pendleton and the Pendleton Development Commission. The f Public Notices Legal Notices https://easternoregonmarketplace.com/wp-content/uploads/2018/09/ClassAd-78084.jpg

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