CCDA Resolution No. 10-01 CITY OF TIGARD, OREGON
CITY CENTER DEVELOPMENT AGENCY
RESOLUTION NO. 10- 01
A RESOLUTION ADOPTING THE FISCAL YEAR 2010-11 BUDGET, MAICNG
APPROPRIATIONS,AND IMPOSING AND CATEGORIZING TAXES.
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WHEREAS, a hearing by the City Center Development Agency Budget Committee on the budget
document, as proposed by the Executive Director, was held May 3, 2010 and on May 10, 2010, where
all interested persons were afforded an opportunity to appear and be heard with respect to the budget;
and
WHEREAS, the budget for the City Center Development Agency for the year beginning July 1, 2010
was duly approved and recommended to the City Center Development Agency Board of Directors by
the regularly constituted Budget Committee at its meeting on May 10, 2010, after proceedings in
accordance with Chapter 294, Oregon Revised Statutes; and
WHEREAS, a summary of the budget as required by Chapter 294.416 was duly published in the
Tigard Tithes, a newspaper of general circulation in the City in accordance with Chapter 294.421; and
WHEREAS, a hearing by the City Center Development Agency Board of Directors on the budget
document, as approved by the Budget Committee, was duly called and held on June 8, 2010, where all
interested persons were afforded an opportunity to appear and be heard with respect to the budget.
NOW,THEREFORE,BE IT RESOLVED by the City Center Development Agency Board that:
SECTION 1: The City Center Development Agency Board of Directors adopts the budget for
Fiscal Year 2009-10 in the total amount of$1,082,818.
SECTION 2: Of the total budget amount of $1,082,818, the City Center Development Agency is
appropriating$698,000 as established as follows:
Urban Renewal Urban Renewal
Capital Project Fund Debt Service Fund
Operating Expenditures $ 0 $ 0
Capital Improvements $449,000 $ 0
Debt Service 3 0 $249,000
Total $449,000 $249,000
SECTION 3: The City Center Development Agency Board of Directors certifies to the county
assessor of the County of Washington, Oregon a request for the maximum amount
of revenue that may be raised by dividing the taxes under Section 1c, Articles IX of
the Oregon Constitution and ORS Chapter 457.
SECTION 4: This resolution is effective immediately upon passage.
RESOLUTION NO. 10 - D) [C_C LI)4 j
Page 1
PASSED: This day of _ 2010.
City of Tigard C C D q
ATTEST:
-�
City Recorder- City of hard
CC 0
RESOLUTION NO. 10 - (J {
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SCHEDULE OF APPROPRIATIONS
Budget
Committee Council
Fund Program Proposed Changes Approved Changes Adopted
Urban Renewal Debt Service
Policy and Administration 0 0 0
Community Development 0 0 0
Community Services 0 0 0
Public Works 0 0 0
Debt Service 249,000 0 249,000
Loan to CCDA 0 0 0
Transfer 0 0 0
Capital Improvements 0 0 0
Contingency 0 0 0
249,000 0, 249,000
Urban Renewal Capital Improvements
Policy and Administration 0 0 0
Community Development 0 0 0
Community Services 0 0 0
Public Works 0 0 0
Debt Service 0 0 0
Loan to CCDA 0 0 0
Transfer 0 0 0
Capital Improvements 449,000 0 449,000
Contingency 0 0 0
449,000 0 449,000
All Funds
Policy and Administration 0 0 0
Community Development 0 0 0
Community Services 0 0 0
Public Works 0 0 0
Debt Service 249,000 0 249,000
Loan to CCDA 0 0 0
Transfer 0 0 0
Capital Improvements 449,000 0 449,000
Contingency 0 0 0
698,000 0 698,000
Amendment approved by die CCDA for CCDM
Resolution No. 10-01
Technical Adjustments to the 2010- 11
Approved ]budget
City Center Development Agency
#1: Urban Renewal
The City Center Development Agency requires a carry-over of funds in the amount of$42,500 for
professional consulting services that the Agency is contractually obligated to complete. These
consulting services include development of studies to determine opportunities for redevelopment in
die downtown area. The funds were loaned to the CCDA from the City of Tigard in FY 2010,but
the projects were not completed. The result-will be an increase in the beginning fluid balance in the
Urban Renewal Capital Improvements Fund by $42,500 for FY 2011 which will fiord the contracts
for capital improvements.
Urban Renewal Capital Improvements Fund
Pro am Ori ' al Approved Recommended Chane Revised Approved
Policy&Admin. 0 0 0
Comm. Develop. 0 0 0
Comm. Services 0 0 0
Public Works 0 0 0
Debt Service 0 0 0
Loan to CCDA 0 0 0
Transfers 0 0 0
Capital Improvements 449,000 42,500 491,500
Contingency 0 0 0
Total Fund 1449,000 $42,500 $491,500