Resolution No. 05-25 CITY OF TIGARD, OREGON
RESOLUTION NO. 05--2,5-
A RESOLUTION APPROVING BUDGET AMENDMENT #12 TO THE FY 2004-05 BUDGET TO
INCREASE APPROPRIATIONS IN THE GAS TAX FUND FOR THE 79'"AVE LID.
WHEREAS, the City Council has directed staff to proceed with the preparation of a Preliminary Engineer's
Report for the proposed SW 790'Ave Local Improvement District(LID); and
WHEREAS, a report is needed to define the scope of the proposed project including the boundaries,
required improvements, estimated cost, and a method of spreading the cost among the property owners in
the proposed district; and
WHEREAS, the FY 2004-05 Adopted Budget does not include appropriations for funding of the report;
and
WHEREAS, a transfer from the Gas Tax Fund Contingency is needed to establish the funding for the
report;and
WHEREAS, the cost of this report will be included in the final assessment to the property owners and the
Gas Tax Fund will be reimbursed for this expense if the district is formed.
NOW,THEREFORE,BE IT RESOLVED by the Tigard City Council that:
SECTION 1: The FY 2004-05 Adopted Budget of the City of Tigard is hereby amended as shown in
Attachment A to this resolution for the funding of the Preliminary Engineer's Report
SECTION 2: This resolution is effective immediately upon passage.
PASSED: This day of AVAtl 2005.
C
Mayor- 6ity of Tigard
ATTEST:
Greer A. Gaston,Deputy City Recorder
RESOLUTION NO. 05 - 25
Page I
n
ti
Attachment A
FY 2004-05
Budget Amendment # 12
FY 2004-05 Budget Revised
Revised Amendment Revised
Budget # 12 Budget
Gas Tax Fund
Resources
Beginning Fund Balance $837,478 $837,478
Property Taxes 0 0
Grants 173,961 173,961
Interagency Revenues 1,935,000 1,935,000
Development Fees & Charges 0 0
Utiltity Fees and Charges 4,423 4,423
Miscellaneous Fees and Charges 0 0
Fines and Forfeitures 0 0
Franchise Fees and Business Tax 0 0
Interest Earnings 15,500 15,500
Bond Proceeds/Principal 0 0
Other Revenues 0 0
Transfers In from Other Funds 0 0
Total $2,966,362 $0 $2,966,362
Requirements
Community Service Program $0 $0
Public Works Program 0 0
Development Services Program 420,000 420,000
Policy&Administration Program 0 0
General Government 0 0
Program Expenditures Total $420,000 $0 $420,000
Debt Service $0 $0
Capital Improvements $761,300 $60,000 $821,300
Transfers to Other Funds $1,301,814 $1,301,814
Contingency $250,000 ($60,000) $190,000
Total Requirements $2,733,114 $0 $2,733,114
Ending Fund Balance 233,248 233,248
Grand Total $2,966,362 $0 $2,966,362