TCDA Resolution No. 22-02 CITY OF TIGARD, OREGON
TIGARD TOWN CENTER DEVELOPMENT AGENCY
RESOLUTION NO. 22-o,?,
A RESOLUTION TO ADOPT THE FY 2022 THIRD 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 2022 budget was
adopted;and
WHEREAS,the TCDA recognizes approximately$524,500 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 2021-22 Budget is hereby amended Q3 Supplemental Summary Exhibit B.
SECTION: This resolution is effective immediately upon passage.
PASSED: This l a �`day ofr 2022.
Ch ' -TCDA
ATTEST:
TCDA Recorder-TCDA
RESOLUTION NO.22-009-
Page
02Page 1
Exhibit B
City Center Debt Service
FY 2022 Revised
City Center Debt Service Adopted Q3TCDA01 Q3
Resources
Beginning Fund Balance $ 625,175 $ - $ 625,175
Property Taxes $ 697,000 $ - $ 697,000
Franchise Fees $ - $ - $ -
Special Assessments $ - $ - $ -
Licenses&Permits $ - $ - $ -
Intergovernmental $ - $ - $ -
Charges for Services $ - $ - $ -
Fines&Forfeitures $ - $ - $ -
Interest Earnings $ 8,325 $ - $ 8,325
Miscellaneous
Other Financing Sources -
Transfers In from Other Funds $ - $ - $ -
Total Resources $ 1,330,500 $ - $ 1,330,500
Requirements
ICDA $ - $ - $ -
Community Services $ - $ - $ -
Policy and Administration $ - $ - $ -
Public Works $ - $ - $ -
Program Expenditures Total $ - $ - $ -
Debt Servicc $ 425,025 $ 41,000 $ 466,025
Loan to TCDA $ - $ - $ -
Work-In-Progress $ - $ - $ -
Transfers to Other Funds $ 730,000 $ - $ 730,000
Contincenc% $ - $ - $ -
Total Budget $ 1,155,025 $ 41,000 $ 1,196,025
Reserve For Future Expenditure $ 175,475 $ (41,000) $ 134,475
Total Requirements $ 1,330,500 $ - $ 1,330,500