Resolution No. 08-16 CITY OF TIGARD, OREGON
TIGARD CITY COUNCIL
RESOLUTION NO. 08--)(-0
RESOLUTION APPROVING BUDGET AMENDMENT #12 TO THE FY 2007-2008 BUDGET
INCREASING APPROPRIATIONS BY : 800,000 IN TIIE WATER CAPITAL. IMPROVEMENT
PROGRAM FUND TO REFLECT ADDITIONAL COSTS TO BE INCURRED IN FY 2007-2008 AS
THE RESULT OF A SHORTENED CONSTRUCTION SCHEDULE ON Ti-IE 3.0 MILLION
GALLON 550-FOOT SERVICE ZONE RESERVOIR NO. 2.
WHEREAS,The City Council previously approved a contract widl Emery & Sons Construction in the amount
of 55,786,583.60 for the construction of the City's new 3.0 million gallon 550-Foot Service Zone Reservoir No.
2;and
WHEREAS, $4.4 million is currently appropriated in FY 2007-08 for this purpose, with the remaining $1.3
million in the FY 2008-09 Proposed Budget;and
WHEIZEAS, rapid progress is being made on this project, and without a budget amendment the
appropriations will be insufficient to cover the anticipated costs through June 30, 2008;and
WHEREAS, an increase in the FY 2007-08 appropriations for this project will decrease the amount needed for
FY 2008-09 and will therefore not increase the overall cost Of d-ie project.
NOW,THEREFORE,,BE IT RESOLVI7D by the Tigard City Council that:
SECTION 1: The FY 2007-08 Budget is hereby amended as shown in Attachment A to this resolution to
transfer $800,000 from the Water Capital Improvement Program Fund contingency provide
sufficient appropriations to continue diis project without interruption in the current fiscal
year.
SECTION 2: This resolution is effective immediately upon passage.
�f.
PASSED: This S day of 2008.
zr�-
IV140r?City-of
Tigard
A �iST:
City Recorder-City of Tigard
RESOLUTION NO. 08 - 10
Page 1
City of Tigard .
Attachment A
Fiscal Year 2007-08
Budget Amendment #12
Water CIP Fund
Original Revised
Revised Revised
Budget Amendment Budget
Program Expenditures
Community Services 0 0
Public Works 0 0
Community Development 0 0
Policy and Administration 0 0
General Government 0 0
Program Expenditures Total $0 $0 $0
Debt Service 0 0
Transfer 0 0
Capital Improvements 6,235,000 800,000 7,035,000
Contingency 9351250 (800,000) 135,250
Total Expenditures $7,170,250 $0 $7,170,250