City of Coos Bay

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City of Coos Bay
URBAN RENEWAL AGENCY
FY 2003 2004 Budget
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One Urban Renewal Agency

• Two Urban Renewal Districts
• Downtown
• Empire

Each with separate plans and priorities
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Division of Taxes Revenue for FY 2003-2004

• Downtown 639,130
• Empire 306,520

945,650
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FY 2002-2003 BOND ISSUANCE

• Downtown 5.7 million
• Empire 2.6 million

8.3 million

Includes refinanced prior debt authorized by the
Agency
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FY 2003-2004 Recommended Budget
10,762,363
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Available for projects

• Downtown 5,200,000
• Empire 2,750,000

7,950,000
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Option One Special Levy
NOT RECOMMENDED
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Emphasis on Infrastructure?
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Coos Bays Urban Renewal Agency
Building infrastructure and a quality community,
one project at a time, and without raising taxes
a single penny!