CCDA Resolution No. 11-01 CITY OF TIGARD, OREGON
CITY CENTER DEVELOPMENT AGENCY
RESOLUTION NO. 11- C>4
A RESOLUTION ADOPTING THE FISCAL YEAR 2011-2012 BUDGET, WITH ADJUSTMENTS,
MAKING APPROPRIATIONS,AND IMPOSING AND CATEGORIZING TAXES.
WHEREAS, a hearing by the City Center Development Agency budget Committee on the budget document,
as proposed by the Executive Director, was held on April 18, 2011 and April 25, 2011, 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 1,2011 was duly
approved and recommended to the City Center Development Agency Board of Directors by the regularly
constituted Budget Committee at its meeting on April 25, 2011, 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 Times,
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 14, 2011, 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 FY 2011-12
in the total amount of$1,063,273,with adjustments.
SECTION 2: Of the total budget amount of $1,063,273, the City Center Development Agency is
appropriating$750,000 as established as follows:
Urban Renewal Urban Renewal
Capital Project Fund Debt Service Fund
Operating Expenditures $ 0 $ 0
Capital Improvements $3753000 $ 0
Debt Service $ 0 $375,000
Total $375,000 $375,000
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.
CT D/A
RESOLUTION NO. 11-0
Page 1
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PASSED: This l L� day of_ 2011.
City Center Development gency Chair - City of
Tigard
ATTEST:
City Recorder-City of Tigard
Co,W
RESOLUTION NO. 11- Q f
Page 2
SCHEDULE OF APPROPRIATIONS Attachment 1
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 375,000 0 375,000
Loan to CCDA 0 0 0
Transfer 0 0 0
Capital Improvements 0 0 0
Contingency 0 0 0
375,000 0 375,000
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 375,000 0 375,000
Contingency 0 0 0
375,000 0 375,000
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 375,000 0 375,000
Loan to CCDA 0 0 0
Transfer 0 0 0
Capital Improvements 375,000 0 375,000
Contingency 0 0 0
750,000 0 750,000
Pagel
City of Tigard d
Memorandum CCOA Ajo,
To: City Center Development Agency Board
From: Toby LaFrance «�
Re: Technical Adjustment to the CCDA Approved FY 2012 Budget
for the June 14, 2011 Hearing to Adopt the FY 2012 Budget
Date: June 10, 2011
Attached is the Technical Adjustment to the CCDA Approved Budget for FY 2012. Technical
Adjustments are necessary due to the timing of the budget. In this case, new information has
become available since the FY 2012 Budget was approved by the Budget Committee. Approval
of the Technical Adjustment is recommended by staff and will change the Adopted Budget by
the amount listed.
The adjustment does not negatively impact fund balance. The CCDA has ongoing projects and
has money that will not be spent in the current fiscal year. This unspent budget will then be
available next fiscal year as additional beginning fund balance, and will provide the needed
appropriations for the CCDA to complete the project.
If you have any questions prior to the June 14, 2011 hearing, please contact me at 503.718.2406
or tobygtigard-or.gov .
Technical Adjustments t0 the 2011 - 12
Approved Budget
City Center Development Agency
#1: Urban Renewal
The City Center Development Agency requires a carry-over of funds in the amount of$89,330 for
professional consulting services that the Agency is contractually obligated to complete as well as
funding for the Facade Improvement Program. The consulting services include work for a Main
Street art consultant,refinement of the downtown circulation plan,and a performance review of the
Urban Renewal Plan. Also, there are 5 properties that have received architectural design assistance
that are expected to apply for grants through the Facade Improvement Program. The funds were
loaned to the CCDA from the City of Tigard in FY 2011, but the projects were not completed. The
result will be an increase in the beginning fund balance in the Urban Renewal Capital Improvements
Fund by $89,330 for FY 2012 which will fund the contracts for capital improvements.
Urban Renewal Capital Improvements Fund
Program Original Approved Recommended Change 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 375,000 89,330 464,330
Contingency 0 0 0
Total Fund $375,000 $89,330 $464,330