TCDA Resolution No. 21-04 CITY OF TIGARD, OREGON
TOWN CENTER DEVELOPMENT AGENCY
RESOLUTION NO. 21-0 Ll
A RESOLUTION ADOPTING THE FISCAL YEAR 2021-2022 BUDGET, WITH ADJUSTMENTS,
MAKING APPROPRIATIONS,AND IMPOSING AND CATEGORIZING TAXES.
WHEREAS, one hearing by the Town Center Development Agency Budget Committee on the budget
document, as proposed by the Executive Director, was duly called and held on April 24, 2021, where all
interested persons were afforded an opportunity to appear and be heard with respect to the budget; and
WHEREAS, the budget for the Town Center Development Agency for the year beginning July 1, 2021 was
duly approved and recommended to the Town Center Development Agency Board of Directors by the
regularly constituted Budget Committee at its meeting on April 24, 2021, after proceedings in accordance with
Chapter 294, Oregon Revised Statutes ; and
WHEREAS, a summary of the budget as required by Chapter 294.438 was duly published in the Tigard Times,
a newspaper of general circulation in the city in accordance with Chapter 294.448;and
WHEREAS, a hearing by the Town Center Development Agency Board of Directors on the budget document
as approved by the Budget Committee,was duly called and held on June 8, 2021,where all interested persons
were afforded an opportunity to appear and be heard with respect to the budget.
NOW, THEREFORE, BE IT RESOLVED by the Town Center Development Agency Board of Directors
that:
SECTION 1: The Town Center Development Agency Board of Directors adopts the budget for FY 2021-
22 as approved by Town Center Development Agency Board of Directors following the
budget hearing on June 8,2021.
SECTION 2: The amounts appropriated for each fund for the fiscal year beginning July 1,2021, are shown
on the attached — Exhibit A Schedule of Appropriations as approved by Budget Committee
on April 24, 2021 with adjustments made by Town Center Development Agency Board of
Directors during the hearing on June 8,2021.
SECTION 3: The Town Center Development Agency Board of Directors certifies to the county- assessor
of the County- of Washington, Oregon a request for the maximum amount of revenue that
may be raised by dividing the taxes under Section Ic, Articles IX of the Oregon Constitution
and ORS Chapter 457.
SECTION 4: This resolution is effective immediately upon passage,
PASSED: This � day of2021.
Chair—City of"Tigard
Town Center Development Agency
AT"I'EST: �
1l/ IJZ ?
City Recorder- City of Tigard ToNen Center Development Agency
RESOLUTION NO. 21-0 yl
Page 1
EXHIBIT A - SCHEDULE OF APPROPRIATIONS
Budget
Committee Council
Fund Program Proposed Changes Approved Changes Adopted
City Center Debt Service
Policy and Administration 0 0 0 0 0
Community Development 0 0 0 0 0
Community Services 0 0 0 0 0
Public Works 0 0 0 0 0
Debt Service 425,025 0 425,025 0 425,025
Loan to CCDA 0 0 0 0 0
Transfer 730,000 0 730,000 0 730,000
Capital Improvements 0 0 0 0 0
Contingency 0 0 0 0 0
1,155,025 0 1,155,025 0 1,155,025
Tigard Triangle Debt Service
Policy and Administration 0 0 0 0 0
Community Development 0 0 0 0 0
Community Services 0 0 0 0 0
Public Works 0 0 0 0 0
Debt Service 5,600 0 5,600 0 5,600
Loan to CCDA 0 0 0 0 0
Transfer 5,163,500 0 5,163,500 0 5,163,500
Capital Improvements 0 0 0 0 0
Contingency 0 0 0 0 0
5,169,100 0 5,169,100 0 5,169,100
City Center Capital Improvements
Policy and Administration 0 0 0 0 0
Community Development 0 0 0 0 0
Community Services 0 0 0 0 0
Public Works 0 0 0 0 0
Debt Service 0 0 0 0 0
Loan to CCDA 0 0 0 0 0
Transfer 0 0 0 0 0
Capital Improvements 4,373,000 0 4,373,000 0 4,373,000
Contingency 0 0 0 0 0
TCDA 215,000 0 215,000 0 215,000
4,588,000 0 4,588,000 0 4,588,000
EXHIBIT A - SCHEDULE OF APPROPRIATIONS
Budget
Committee Council
Fund Program Proposed Changes Approved Changes Adopted
Tigard Triangle Capital Improvement Fund
Policy and Administration 0 0 0 0 0
Community Development 0 0 0 0 0
Community Services 0 0 0 0 0
Public Works 0 0 0 0 0
Debt Service 0 0 0 0 0
Loan to CCDA 0 0 0 0 0
Transfer 2,973,500 0 2,973,500 0 2,973,500
Capital Improvements 0 0 0 0 0
Contingency 0 0 0 0 0
TCDA 2,190,000 0 2,190,000 0 2,190,000
5,163,500 0 5,163,500 0 5,163,500
All Funds
Policy and Administration 0 0 0 0 0
Community Development 0 0 0 0 0
Community Services 0 0 0 0 0
Public Works 0 0 0 0 0
Debt Service 430,625 0 430,625 0 430,625
Loan to CCDA 0 0 0 0 0
Transfer 8,867,000 0 8,867,000 0 8,867,000
Capital Improvements 4,373,000 0 4,373,000 0 4,373,000
Contingency 0 0 0 0 0
TCDA 2,405,000 0 2,405,000 0 2,405,000
16,075,625 0 16,075,625 0 16,075,625