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HomeMy WebLinkAboutOrder 066 - Advance Tax Levies to Small Districts��ES L' �� Deschutes County Board of Commissioners 1300 NW Wall St., Suite 200, Bend, OR 97701 -1960 (541) 388 -6570 - Fax (541) 385 -3202 - www.deschutes.org AGENDA REQUEST & STAFF REPORT For Board Business Meeting of October 28, 2009 Please see directions, for completing this document on the next page. DATE: October 19, 2009. FROM: Dave Lilley/ Marty Wynne Finance /Tax X6538 TITLE OF AGENDA ITEM: Consideration of Order No. 2009 -066, advancing tax levies for FY 2009 -10 from the County general fund to certain small districts, as provided for by ORS 311.392. PUBLIC HEARING ON THIS DATE? No. BACKGROUND AND POLICY IMPLICATIONS: The small taxing district advance as requested includes the list of districts to which the County has advanced in each of the last several years. This advance provides the Districts with immediate access to 97% of their tax levy proceeds, and provides the County with the administrative efficiency of reducing distribution costs over the collection life of the levy. FISCAL IMPLICATIONS: The County is advancing $269,398.02 listed in the order being requested. The County will collect an estimated $229,000 of that amount before it is required to be paid out on December 1, 2009. An estimated $253,000 will have been collected by June 30, 2010. Based on collection history, the County will ultimately collect 101% of the amount advanced. RECOMMENDATION & ACTION REQUESTED: We request that the Board approve and sign Order 2009 -066. ATTENDANCE: Marty Wynne and/or Dave Lilley if requested. DISTRIBUTION OF DOCUMENTS: Please return a copy to Lacy Nichols in Finance REVIEWED LEGAL COUNSEL For Recording Stamp Only BEFORE THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON An Order Authorizing the ORS 311.392 Advance of Taxes, Assessments and Charges to Small Tax Districts * ORDER NO. 2009-066 WHEREAS, Marty Wynne, Deschutes County Tax Collector, has requested the Board of Count} Commissioners authorize the advance from the General Fund the taxes, assessments and other charges levied by taxing districts, and WHEREAS, the advance of these funds is consistent with the treatment of these taxing districts levies in prior years, and WHEREAS, the advance of these taxes, assessments and other charges as provided for by Oregon Revised Statute 311.392 is economically justifiable and enhances administrative efficiency, now, therefore, THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON. HEREBY ORDERS as follows: Section 1. That Pursuant to ORS 311.392, the Deschutes County Treasurer is hereby authorized to advance prior to December 1st, 2009, the discounted (97 %) taxes, assessments, and other charges of the following tax districts: 2009 -10 ID DISTRICT NAME Dist % Levy 580 MANUFACTURED DWELLING ASSESSMENT 0.005379% $14,631.49 702 DRRH SPECIAL RD DISTRICT UNIT #6 0.008113% $22,070.22 703 LAZY RIVER ROAD DISTRICT 0.007807% $21,238.21 705 RIVER FOREST ROAD DISTRICT 0.009851% $26,799.20 710 SPRING RIVER ROAD DISTRICT 0.006765% $18,403.38 735 RIVER BEND ESTATES ROAD DISTRICT 0.003697% $10,057.39 740 VANDEVERT ACRES ROAD DISTRICT 0.006278% $17,078.99 745 HOWELL HILLTOP ACRES ROAD DIST 0.006363% $17,309.93 747 CROOKED RIVER RANCH ROAD DIST 0.006616% $17,998.15 749 PANORAMIC ACCESS ROAD DISTRICT 0.008993% $24,463.32 775 NEWBERRY ESTATES ROAD DISTRICT 0.006084% $16,551.84 785 FALL RIVER ESTATES ROAD DISTRICT 0.005441% $14,800.59 790 FOREST VIEW ROAD DISTRICT 0.008673% $23,594.21 795 BEAVER ROAD DISTRICT 0.003524% $9,586.37 796 PONDEROSA PINES EAST LOCAL OPT 0.001654% $4,499.74 797 PONDEROSA PINES EAST ROAD DIST 0.002472% $6,724.87 906 LA PINE SPECIAL SEWER DISTRICT 0.004383% $11,922.02 Total Buyout 0.102093% $277,729.92 Buyout Percentage Total Payments to Small Districts PAGE 1 OF 2- ORDER NO. 2009-066 (10/28/09) 97% $269,398.02 Dated this day of , 2009 BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON ATTEST: TAMMY BANEY, Chair DENNIS R LUKE, Vice Chair Recording Secretary ALAN UNGER, Commissioner PAGE 2 OF 2- ORDER No. 2009 -066 (10/28/09)