HomeMy WebLinkAboutTCDA Resolution No. 25-01 CITY OF TIGARD, OREGON
TOWN CENTER DEVELOPMENT AGENCY
RESOLUTION NO. 25- 0
A RESOLUTION ADOPTING THE FISCAL YEAR 2025-2026 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 12,2025 and May 19,2025,
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 1,2025 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 19,2025,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 Valley 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 17, 2025,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 2025-
26 as approved by Town Center Development Agency Board of Directors following the budget
hearing on June 17, 2025.
SECTION 2: The amounts appropriated for each fund for the fiscal year beginning July 1, 2025, are shown
on the attached—Exhibit A Schedule of Appropriations as approved by Budget Committee on
May 19,2025.
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 1 c,Articles IX of the Oregon Constitution and
ORS Chapter 457.
SECTION 4: This resolution is effective immediately upon passage,
PASSED: This 11 day of JUY\-e 2025.
Chair—City of Tigard
Town Center Development Agency
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City Recorder-City of Tigar!Town Center Development Agency
RESOLUTION NO. 25-
Page 1
SCHEDULE OF APPROPRIATIONS
Budget
Committee Council
Fund Program Proposed Changes Approved Changes Adopted
City Center Capital Improvements
City Center URA 1,130,300 - 1,130,300 -
Tigard Triangle URA - - - - -
Debt Service - - - - -
Transfer - - - - -
Capital Improvements - - - - -
Contingency - - - - -
1,130,300 - 1,130,300 - 1,130,300
City Center Debt Service
City Center URA - - - -
Tigard Triangle URA - - - - -
Debt Service 651,891 - 651,891 - 651,891
Transfer 1,000,000 - 1,000,000 - 1,000,000
Capital Improvements - - - - -
Contingency - - - - -
1,651,891 - 1,651,891 - 1,651,891
Tigard Triangle Capital Improvements
City Center URA - - - - -
Tigard Triangle URA 3,120,234 - 3,120,234 - 3,120,234
Debt Service - - - - -
Transfer - - - - -
Capital Improvements - - - - -
Contingency - - - - -
3,120,234 - 3,120,234 - 3,120,234
Tigard Triangle Debt Service
City Center URA - - - - -
Tigard Triangle URA - - - - -
Debt Service 677,671 - 677,671 - 677,671
Transfer 1,725,000 - 1,725,000 - 1,725,000
Capital Improvements - - - - -
Contingency - - - - -
2,402,671 - 2,402,671 - 2,402,671
All Funds
City Center URA 1,130,300 - 1,130,300 - 1,130,300
Tigard Triangle URA 3,120,234 - 3,120,234 - 3,120,234
Debt Service 1,329,562 - 1,329,562 - 1,329,562
Transfer 2,725,000 - 2,725,000 - 2,725,000
Capital Improvements - - - - -
Contingency - - - - -
$ 8,305,096 $ - $ 8,305,096 $ - $ 8,305,096
TCDA 12