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HomeMy WebLinkAboutOrder 085 - Advance Tax LeviesDeschutes 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 29, 2008 Please see directions for completing this document on the next page. DATE: October 21, 2008. FROM: Dave Lilley/ Marty Wynne Finance/Tax X6538 TITLE OF AGENDA ITEM: Consideration of Signature of Order No. 2008-085, advancing 2008-09 tax levies 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 being requested includes the list of districts that the County has advanced to in each of the last several years. This advance provides the Districts with the immediate access to 97% of the tax levy proceeds and provides the County with the administrative efficiency o r' reducing distribution costs over the collection life of the levy. FISCAL IMPLICATIONS: The County is advancing $321,120.73, which is listed in the order being requested. The County wit collect an estimated $281,000 of that amount before it is required to be paid out on December 1, 20('x8. An estimated $306,000 will have been collected by June 30, 2009. Based on collection history, the County will ultimately collect 101% of the amount advanced. RECOMMENDATION & ACTION REQUESTED: Approval and Signature of Board Order 2008-085. 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. 2008-085 WHEREAS, Marty Wynne, Deschutes County Tax Collector, has requested the Board of County 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, 2008, the discounted (97%) taxes, assessments, and other charges of the following tax districts: 2008-09 ID District Name Dist % Levy 580 MANUFACTURED DWELLING ASSESSMENT 0.0059880% 15,212.97 702 DRRH SPECIAL RD DISTRICT UNIT #6 0.0081640% 20,741.21 703 LAZY RIVER ROAD DISTRICT 0.0053850% 13,681.27 705 RIVER FOREST ROAD DISTRICT 0.0099610% 25,306.67 710 SPRING RIVER ROAD DISTRICT 0.0069190% 17,577.55 735 RIVER BEND ESTATES ROAD DISTRICT 0.0059040% 14,999.90 740 VANDEVERT ACRES ROAD DISTRICT 0.0065640% 16,676.99 745 HOWELL HILLTOP ACRES ROAD DIST 0,0064990% 16,510.22 747 CROOKED RIVER RANCH ROAD DIST 0.0066750% 16,958.03 749 PANORAMIC ACCESS ROAD DISTRICT 0.0092120% 23,405.00 775 NEWBERRY ESTATES ROAD DISTRICT 0.0063130% 16,037.86 785 FALL RIVER ESTATES ROAD DISTRICT 0.0056560% 14,369.23 790 FOREST VIEW ROAD DISTRICT 0.0089440% 22,722.03 795 BEAVER ROAD DISTRICT 0.0036330% 9,229.78 796 PONDEROSA PINES EAST LOCAL OPT 0.0017710% 4,499.37 797 PONDEROSA PINES EAST ROAD DIST 0.0026260% 6,671.08 798 SUN MOUNTAIN RANCHES ROAD DIST 0.0126300% 32,088.46 901 OREGON WATER WONDERLAND SANITARY 0.0145990% 37,089.32 PAGE 1 OF 2- ORDER No. 2008-085 (10/29/08) 906 LA PINE SPECIAL SEWER DISTRICT 0.0028640% 7,275.36 0.1303070% 331,052.30 Buyout Percentage 97% Total Payments to Small Districts 321,120.73 Dated this of , 2008 BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON ATTEST: DENNIS R. LUKE, Chair TAMMY BANEY, Vice Chair Recording Secretary MICHAEL M. DALY, Commissioner PAGE 2 OF 2- ORDER NO. 2008-085 (10/29/08)