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Hermiston Urban Renewal Agency approves $11.6 million FY2025–26 budget, transfers funds to district accounts
Summary
The Hermiston Urban Renewal Agency adopted an $11.6 million FY 2025–26 budget and set up separate funds for downtown and north urban renewal districts; staff described planned spending including land acquisition on Aspen Drive and facade grant funding.
The Hermiston Urban Renewal Agency adopted its FY 2025–26 budget on June 9, approving an $11,600,000 spending plan and establishing separate funds for district-level accounting.
Agency staff member Spencer told the board the agency is switching to a new accounting approach and will create separate funds for each district. "This year we're looking at a budget of $11,600,000 for the Urban Renewal Agency," Spencer said. He reported an initial general fund balance of $5,800,000 and described immediate transfers of $266,000 to the downtown fund and $5,500,000 to the north urban renewal fund; Spencer said the south fund is unfunded this year.
Spencer described planned uses the agency anticipates in the coming year, including funds for facade grants and landscape projects downtown, and funding for an Aspen Drive acquisition in the north fund. In the hearing room, Spencer stated the downtown fund would "spend $6,060,000 on facade grants this year, about $6,000 on landscape projects, and then the remaining money will go towards debt service and savings for future projects." Spencer later corrected a separate numeric slip, clarifying a listed figure was $46,000 (not $46 million).
No public testimony was received during the URA hearing. Board members moved to adopt HURA Resolution 24 to approve the FY 2025–26 budget; the motion passed unanimously.
Agency staff and board members will proceed with district-level budgeting and follow stated project plans; staff noted acquisition activity is already underway for Aspen Drive in the north fund. The URA did not adopt additional project-specific contracts at the session; the budget adoption provides the authority to pursue the listed programs and debt-service obligations as the agency moves into implementation.
