TCDA Resolution No. 23-04{
CITY OF TIGARD, OREGON
TOWN CENTER DEVELOPMENT AGENCY
RESOLUTION NO. 23- 0'1
A RESOLUTION ADOPTING THE FISCAL YEAR 2023-2024 BUDGET, 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 May 1, 2023 and May 8, 2023,
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 1,2023 was duly
approved and recommended to the Town Center Development Agency Board of Directors by the regularly
constituted Budget Committee at its meeting on May 8,2023,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 Oregonian, 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 13,2023,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 2023-
24 as approved by Town Center Development Agency Board of Directors following the budget
hearing on June 13,2023.
SECTION 2: The amounts appropriated for each fund for the fiscal year beginning July 1,2023,are shown
on the attached—Exhibit A Schedule of Appropriations as approved by Budget Committee on
May 8,2023.
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 1c, Articles IX of the Oregon Constitution and
ORS Chapter 457.
SECTION 4: This resolution is effective immediately upon passage,
PASSED: This 13' day of vlkrkQ 2023.
C (V)j --
Chair—City of Tigard
Town Center Development Agency
ATTEST:
City Recor er-City of Tigard To(vin Center Development Agency
RESOLUTION NO.23-di
Page 1
SCHEDULE OF APPROPRIATIONS
Budget
Committee Council
Fund Program Proposed Changes Approved Changes Adopted
City Center Capital Improvements
City Center URA 885,000 - 885,000 - 885,000
Tigard Triangle URA - - - - -
Debt Service - - - - -
Transfer - - - - -
Capital Improvements 385,000 - 385,000 - 385,000
Contingency - - - - -
1,270,000 - 1,270,000 - 1,270,000
City Center Debt Service
City Center URA - - -
Tigard Triangle URA - - -
Debt Service 574,750 574,750 574,750
Transfer 1,270,000 1,270,000 1,270,000
Capital Improvements - - -
Contingency - - -
1,844,750 1,844,750 1,844,750
Tigard Triangle Capital Improvements
City Center URA - - - - -
Tigard Triangle URA 2,530,000 - 2,530,000 - 2,530,000
Debt Service - - - - -
Transfer - - - - -
Capital Improvements 3,958,000 - 3,958,000 - 3,958,000
Contingency - - - - -
6,488,000 - 6,488,000 - 6,488,000
Tigard Triangle Debt Service
City Center URA - - - - -
Tigard Triangle URA - - - - -
Debt Service 745,000 - 745,000 - 745,000
Transfer 630,000 - 630,000 - 630,000
Capital Improvements - - - - -
Contingency - - - - -
1,375,000 - 1,375,000 - 1,375,000
All Funds
City Center URA 885,000 - 885,000 - 885,000
Tigard Triangle URA 2,530,000 - 2,530,000 - 2,530,000
Debt Service 1,319,750 - 1,319,750 - 1,319,750
Transfer 1,900,000 - 1,900,000 - 1,900,000
Capital Improvements 4,343,000 - 4,343,000 - 4,343,000
Contingency - - - - -
$ 10,977,750 $ - $ 10,977,750 $ - $ 10,977,750