Notice of Availability of Annual Report

Notice of Availability of Annual Report, including Financial Impacts, for the Lake Oswego Redevelopment Agency for the Year Ended June 30, 2016 This notice is a summary of the information available in the Annual Report of the Lake Oswego Redevelopment Agency, prepared pursuant to ORS 457.460. Copies of the full report are available to all interested persons at: http://www.ci.oswego.or.us/finance/urban-renewal-financial-reports or at the Economic Development Department – Lake Oswego City Hall, during regular business hours. The table below summarizes Fiscal Year 2015-16 financial results and budgeted revenues, expenditures and ending fund balances for the East End and Lake Grove urban renewal activities in FY 2016-17. The FY 2015-16 ending fund balances for the East End and Lake Grove Districts are $7,493,122, reflecting expenditures totaling $7,502,780 for repayment of contracted city services, debt service, capital improvements, and other items. Property taxes received from all overlapping taxing jurisdictions totaled $4,070,664 in FY 2015-16 and are budgeted at $4,506,000 in FY 2016-17. The FY 2015-16 impacts of carrying out the East End and Lake Grove Redevelopment Plans on the tax collections of all taxing jurisdictions under ORS 457.460 are: Publish 12/29/2016 & 1/05/2017. LOR15877175

ad: 15877175

Publication: OPC Legals

Section: OPC Legals

Start Date: 12/29/2016

End Date: 01/05/2017