Resolution No. 01-51 J -
CITY OF TIGARD,OREGON
RESOLUTION NO.01-51
A RESOLUTION APPROVING BUDGET AMENDMENT #3 TO THE FY 2001-02 BUDGET TO
APPROPRIATE A STATE OF OREGON GRANT IN THE AMOUNT OF $250,000 FOR
IN4PROVEMENTS TO COOK PARK.
WHEREAS,the City of Tigard developed a master plan for improvements to Cook Park,and
WHEREAS,the total cost of the remaining phases of the master plan is in excess of$2.5 million,and
WHEREAS, the City applied for a grant in the amount of$250,000 from the State of Oregon Parks
Department to pay a portion of the master plan costs,and
WHEREAS,the City was notified on July 2,2001 that it was awarded this grant,and
WHEREAS,it is necessary to amend the FY 2001-02 Budget to allow expenditure of these grant funds.
NOW,THEREFORE,BE IT RESOLVED by the Tigard City Council that:
SECTION 1: The FY 2001-02 Adopted Budget of the City of Tigard is hereby amended as shown in
Attachment A to this resolution.
PASSED: This day otilucr2001.
ay r- i of d
ATTEST:
City Recorder-City of Tigard
I�
RESOLUTION NO.Ol
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Attachment A
FY 2001-02
Budget Amendment#3
IBudget FY 2001-02
1 FY 2001-02 Amendment Revised
i Budget #3 Budget
Parks SDC Fund
Resources
Beginning Fund Balance $395,331 $395,331
Grants 0 250,000 250,000
Development Fees&Charges 502,322 502,322
Interest Earnings 9,600 9,600
Total $907,253 $250,000 $1,157,253
Requirements
Program Expenditures Total $0 $0 $0
Capital Improvements $821,764 $250,000 $1,071,764
Contingency $80,000 $80,000
Total Requirements $901,764 $250,000 $1,151,764
Ending Fund Balance 5,489 5,489
Grand Total $907,253 $250,000 $1,157,253