TCDA Resolution No. 24-01 CITY OF TIGARD, OREGON
TOWN CENTER DEVELOPMENT AGENCY
RESOLUTION NO. 24-
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A RESOLUTION ADOPTING THE FISCAL YEAR 2024-2025 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 14, 2024 and May 20,2024,
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 1,2024 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 20,2024,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 18, 2024,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 2024-
25 as approved by Town Center Development Agency Board of Directors following the budget
hearing on June 18, 2024.
SECTION 2: The amounts appropriated for each fund for the fiscal year beginning July 1, 2024, are shown
on the attached—Exhibit A Schedule of Appropriations as approved by Budget Committee on
May 20,2024.
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 t day of �J 2024.
C*fL
Chair—City of Tigard
Town Center Development Agency
ATTEST: i(
City Recorder-City of Tigard Town Center Development Agency
ROA
RESOLUTION NO. 24-0
Page 1
SCHEDULE OF APPROPRIATIONS
Budget
Committee Council
Fund Program Proposed Changes Approved Changes Adopted
City Center Capital Improvements
City Center URA 866,116 (126,931) 739,185 - 739,185
Tigard Triangle URA - - - - -
Debt Service - - - - -
Transfer - - - - -
Capital Improvements 200,000 - 200,000 - 200,000
Contingency - - - - -
1,066,116 (126,931) 939,185 - 939,185
City Center Debt Service
City Center URA - - - - -
Tigard Triangle URA - - - - -
Debt Service 679,000 - 679,000 - 679,000
Transfer 1,066,116 (126,931) 939,185 - 939,185
Capital Improvements - - - - -
Contingency - - - - -
1,745,116 (126,931) 1,618,185 - 1,618,185
Tigard Triangle Capital Improvements
City Center URA - - -
Tigard Triangle URA 3,549,974 29,700 3,579,674 - 3,579,674
Debt Service - - - - -
Transfer - - - - -
Capital Improvements 3,900,000 - 3,900,000 - 3,900,000
Contingency - - - - -
7,449,974 29,700 7,479,674 - 7,479,674
Tigard Triangle Debt Service
City Center URA - - - - -
Tigard Triangle URA - - - - -
Debt Service 746,000 - 746,000 - 746,000
Transfer 1,600,000 - 1,600,000 - 1,600,000
Capital Improvements - - - - -
Contingency - - - - -
2,346,000 - 2,346,000 - 2,346,000
All Funds
City Center URA 866,116 (126,931) 739,185 - 739,185
Tigard Triangle URA 3,549,974 29,700 3,579,674 - 3,579,674
Debt Service 1,425,000 - 1,425,000 - 1,425,000
Transfer 2,666,116 (126,931) 2,539,185 - 2,539,185
Capital Improvements 4,100,000 - 4,100,000 - 4,100,000
Contingency - - - - -
$ 12,607,206 $ (224,161) $ 12,383,045 $ - $ 12,383,045