Resolution No. 01-29 CITY OF TIGARD,OREGON
RESOLUTION NO.01-Z9
A RESOLUTION APPROVING BUDGET AMENDMENT #8 TO THE FY 2000-01 ADOPTED
BUDGET TO TRANSFER FUNDS FROM THE GENERAL FUND TO THE 69TH AVE. LID FUND
TO PURCHASE SURPLUS PROPERTY.
WHEREAS,the City of Tigard purchased property in conjunction with the 6901 Ave.Local Improvement
District(LID)to construct an extension to SW Bevelsnd Ave.,and
WHEREAS,the 69h Ave.LID project is complete,and
WHEREAS,a portion of the property,located at 12525 SW 680i Ave.remains and is no longer needed for
this project,and
WHEREAS,the City has attempted to sell this property,but was unsuccessful,and
WHEREAS, until this property is sold, the 6901 Ave. LID cannot be closed out and costs assessed to
benefiting properties,and
WHEREAS,City General Fund dollars can be used to purchase this property from the LID,the property
can be held by the General Fund until it can be sold,and the LID can be completed,and
WHEREAS, it is necessary to amend the FY 2000-01 budget to allow this property transaction to be
completed,
NOW,THEREFORE,BE IT RESOLVED by the Tigard City Council that:
SECTION 1: The FY 2000-01 Adopted Budget of the City of Tigard is hereby amended as shown in
Attachment A to this resolution.
PASSED: This /2 dayof J&Iu-2001.
ayor i of ' and
ATTEST:
Greer A.Gaston,Deputy City Recorder
iAciWMde'v=1ut.dot
RESOLUTION NO.01--Z9
Page 1
Attachment A
FY 2000-01
Budget Amendment#8
Budget FY 2000-01
FY 2000-01 Amendment Revised
Budget #8 Budget
General Fund
Resources
Beginning Fund Balance 6,835,731 6,835,731
Other Revenues 14,299,030 14,299,030
Other Resources 31,500 31,500
Total $21,194,261 q0 $21,194,261
Requirements
Program Total $14,446,624 $14,446,624
Capital Improvements $384,500 $384,500
Project Reserves $125,000 $125,000
Transfers to Other Funds $625,000 $46,812 $671,812
Contingency $679,338 ($46,812) $632,526
Total Requirements $16,260,462 $0 $16,260,462
Ending Fund Balance 4,933,799 4,933,799
Grand Total $21,194,261 $0 $21,194,261
69th Ave.LID Fund
Resources
Beginning Fund Balance 68,545 68,545
Revenues 0 0
Transfers from Other Funds—General Fund 0 46,812 46,812
Total $68,545 $46,812 $115,357
Requirements
Program Total $0 $0
Capital Improvements $68,545 $68,545
i Total Requirements $68,545 $0 $68,545
H
Ending Fund Balance 0 46,812 46,812
5
Grand Total $68,545 $46,812 $115,357