TCDA Resolution No. 20-03 CITY OF TIGARD, OREGON
TIGARD TOWN CENTER DEVELOPMENT AGENCY
RESOLUTION NO. 20-03
A RESOLUTION TO ADOPT THE FY 2021 FIRST QUARTER BUDGET SUPPLEMENTAL
INCLUDING BUDGET ADJUSTMENTS TO TOWN CENTER DEVELOPMENT AGENCY (ICDA)
URBAN DEVELOPMENT.
WHEREAS,the TCDA acknowledges those items that were unknown at the time the FY 2021 budget was
adopted;and
WHEREAS, the TCDA recognizes approximately$2,000,000 of unanticipated budget in operations and
transfers; and
WHEREAS, the increase in budget is offset by unanticipated fund balance,miscellaneous revenue, and
contingency.
NOW,THEREFORE,BE IT RESOLVED by the Tigard Town Center Development Agency that:
SECTION 1:The FY 2020-21 Budget is hereby amended Q1 Supplemental Summary Exhibit B.
SECTION 2:This resolution is effective immediately upon passage.
PASSED: This 13th day of October 2020.
Chair-TCDA
ATTEST:
Deputy City Recorder-TC A
TCDA RESOLUTION NO. 20-03
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Exhibit A
QlTCDA01 - CIP 92059 Universal Plaza
CIP 92059 Universal Plaza project is partially funded by the Parks SDC Fund.This request is to recognize the
transfer from Parks SDC to City Center Capital Fund. During the budget cycle,transfer out from the Parks SDC
Fund on the City of Tigard (COT) side was entered, but not the transfer-in to the TCDA's City Center Capital
Improvement Fund. This entry will recognize the fund coming from COT to TCDA.
FY 2021 Q1 Revised
City Center Capital Improvements Adopted Amendment Q1
Resources
Beginning Fund Balance $ 5,093,500 $ - $ 5,093,500
Property Taxes $ - $ - $ -
Franchise Fees $ - $ - $ -
Special Assessments $ - $ - $ -
Licenses &Permits $ - $ - $ -
Intergovernmental $ - $ - $ -
Charges for Services $ - $ - $ -
Fines & Forfeitures $ - $ - $ -
Interest Earnings $ - $ - $ -
Miscellaneous $ - $ - $ -
Other Financing Sources $ - $ - $ -
Transfers In from Other Funds $ 412,000 $ 2,000,000 $ 2,412,000
Total Resources $ 5,505,500 $ 2,000,000 $ 7,505,500
Requirements
Community Development $ 411,900 $ - $ 411,900
Community Services $ - $ - $ -
Policy and Administration $ - $ - $ -
Public Works $ - $ - $ -
Program Expenditures Total $ 411,900 $ - $ 411,900
Debt Service $ - $ - $ -
Loan to TCDA $ - $ - $ -
Work-In-Progress $ 2,781,000 $ 2,000,000 $ 4,781,000
Transfers to Other Funds $ - $ - $ -
Contingency $ - $ - $ -
Total Budget $ 3,192,900 $ 2,000,000 $ 5,192,900
Reserve For Future Expenditure $ 2,31200 $ - $ 2,3121600
Total Requirements $ 5,505,500 $ 2,000,000 $ 7,505,500
TCDA RESOLUTION NO. 20-03
Paget
Exhibit B
City Center Capital Improvements
FY 2021 Revised
City Center Capital Improvements Adopted QlTCDA01 Q1
Resources
Beginning Fund Balance $ 5,093,500 $ - $ 5,093,500
Property Taxes $ - $ - $ -
Franchise Fees $ - $ - $
Special Assessments $ - $ - $
Licenses&Permits $ - $ - $
Intergovernmental $ - $ - $
Charges for Services $ - $ - $
Fines&Forfeitures $ - $ - $ -
Interest Earnings $ - $ - $ -
Miscellaneous $ - $ - $ -
Other Financing Sources $ - $ - $ -
Transfers In from Other Funds $ 412,000 $ 2,000,000 $ 2,412,000
Total Resources $ 5,505,500 $ 2,000,000 $ 7,505,500
Requirements
TCDA $ 411,900 $ - $ 411,900
Community Services $ - $ - $ -
Policy and Administration $ - $ - $ -
Public Works $ - $ - $ -
Program Expenditures Total $ 411,900 $ - $ 411,900
Debt Service $ - $ - $ -
Loan to TCDA $ - $ - $ -
Work-In-Progress $ 2,781,000 $ 2,000,000 $ 4,781,000
Transfers to Other Funds $ - $ - $ -
Contingency $ - $ - $ -
Total Budget $ 3,192,900 $ 2,000,000 $ 5,192,900
Reserve For Future Expenditure $ 2,312,600 $ - $ 2,312,600
Total Requirements $ 5,505,500 $ 2,000,000 $ 7,505,500
TCDA RESOLUTION NO. 20-03
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