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Urban Renewal agency approves supplemental budget to cover loan interest for East Central property purchase
Summary
The Sutherlin Urban Renewal Agency held a public hearing and adopted Resolution UR 2025.02 to make a supplemental budget adjustment to cover an interest payment and related transfers for the purchase of 311 East Central Avenue.
The Sutherlin Urban Renewal Agency on a public hearing adopted Resolution UR 2025.02, a supplemental budget adjustment to cover costs related to the agency’s decision to purchase 311 East Central Avenue and to appropriate funds for an interest payment on a bank loan due June 1.
Tim Frobridge, city finance director, explained the supplemental adjustment is needed because the purchase and…
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