Resolution No. 02-22 CITY OF TIGARD,OREGON
RESOLUTION NO. 02-
A RESOLUTION APPROVING BUDGET AMENDMENT #9 TO THE FY 2001-02
BUDGET TO ADD THE WALL STREET EXTENSION TO THE APPROVED CAPITAL
IMPROVEMENT PROGRAM AND ADJUST APPROPRIATIONS IN THE TRAFFIC
IMPACT FEE FUND.
WHEREAS, the Adopted Capital Improvement Program (CIP) of the City of Tigard lists all
projects authorized to be developed or constructed in FY 2001-02; and
WHEREAS, the Tigard Transportation System Plan adopted on January 8, 2002 included the
extension of Wall Street from Hunziker Street to Hall Boulevard as one of the key new alternate
routes to divert traffic from Highway 99W and Hall Boulevard; and
WHEREAS, the construction of Wall Street from Hunziker Street to Hall Boulevard has been
proposed for construction through formation of a Local Improvement District(LID); and
WHEREAS, the City Council, by Resolution No. 02-11, directed the preparation of a Preliminary
Engineer's Report for the proposed LID and authorized the use of Traffic Impact Fee funds for the
engineering and construction management of the proposed LID improvements.
NOW,THEREFORE,BE IT RESOLVED by the Tigard City Council that:
SECTION 1: The FY 2001-02 budget of the City of Tigard is hereby amended as shown in
Attachment A to this resolution.
SECTION 2: The Wall Street project is added to the FY 2001-02 Street Systems CIP.
EFFECTIVE DATE: This resolution shall take effect on March 26,2002.
PASSED: This c day of Az,,f ,2002.
rayor-City f Tif
ATTEST:
'Xe 60
City Recorder-City of Tigard
l:\Citywide\Res\Resolution for Wall Street Funding
RESOLUTION NO. 02-_d
Page 1
Attachment A
FY 2001-02
Budget Amendment # 9
FY 2001-02 Budget Revised
Revised Amendment Revised
Budget #9 Budget
Traffic Impact Fee Fund
Resources
Beginning Fund Balance 1,990,478 1,990,478
Property Taxes 0 0
Grants 270,000 270,000
Interagency Revenues 0 0
Development Fees&Charges 993,700 993,700
Utiltity Fees and Charges 0 0
Miscellaneous Fees and Charges 0 0
Fines and Forfeitures 0 0
Franchise Fees and Business Tax 0 0
Interest Earnings 109,500 109,500
Bond Proceeds/Principal 0 0
Other Revenues 0 0
Transfers In from Other Funds 0 0
Total $3,363,678 $0 $3,363,678
Requirements
Community Service Program 0 0
Public Works Program 0 0
Development Services Program 0 0
Policy&Administration Program 0 0
General Government 0 0
Program Expenditures Total $0 $0 $0
Debt Service $0 $0
Capital Improvements $2,941,000 $50,000 $2,991,000
Transfers to Other Funds $106,466 $106,466
Contingency $300,000 ($50,000) $250,000
Total Requirements $3,347,466 $0 $3,347,466
Ending Fund Balance 16,212 16,212
Grand Total $3,363,678 $0 $3,363,678