The Hood River Urban Renewal Agency Board has decided to have staff move forward with increasing the maximum indebtedness for the Waterfront Urban Renewal District to act as insurance should costs to complete stormwater line replacement go above estimates.  Urban Renewal Administrator Will Norris told the board that if current estimates hold up, funds the district has on hand would cover the rest of the project, but if there is any significant jump, without the indebtedness the City’s stormwater utility fund would have to cover the remaining cost.  The proposed increase in indebtedness is for $2.15 million and add two years to the life of the district that is currently set to expire next year.  A resolution will be developed for the board to approve, and then notice would be given to impacted taxing districts and the public for a 45-day comment period.