CCDA Resolution No. 14-02 CITY OF TIGARD, OREGON
CITY CENTER DEVELOPMENT AGENCY
RESOLUTION NO. 14- 0,-,1
A RESOLUTION A RESOLUTION TO ADOPT A SUPPLEMENTAL BUDGET
AMENDMENT TO FY 2014 TO ACHIEVE THE FOLLOWING:
RECOGNITION OF GRANT REVENUE WITHIN THE CITY CENTER
DEVELOPMENT AGENCY (CCDA).
WHEREAS, the city is acknowledging those items that were unknown at the time the FY 2014
Budget was adopted;and
WHEREAS,the city recognizes $100,000 of unanticipated requirements in the City Center
Development Agency capital expenditures program that are offset by a$100,000 construction excise
tax grant.
NOW,THEREFORE,BE IT RESOLVED,by the Tigard City Center Development Agency that:
SECTION 1: The FY 2013-14 Budget is hereby amended as is stated in Exhibit A.
SECTION 2: This resolution is effective immediately upon passage.
PASSED: This day of -�.� 32014.
Chair City of Tigard
City Center Development Agency
ATTEST:
Recor er—City of Tigard Ci enter Development Agency
CCDA Resolution No. 14-0.2
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City of Tigard Exhibit
FY 2014 Third Qtr Supplemental Budget Amendment
1.City Center Development Agency(CCDA):Recognition of Grants
The city has received a$100,000 construction excise tax grant that will be used to fund a pre-development
feasibility study for a mixed use development at the Public Works Yard as well as another site in the downtown area.
This action will increase intergovernmental revenues in Urban Renewal Capital Improvements Fund by$100,000
resulting in an equal increase in capital program expenditures.
Adopted Q3 Revised
Budget Amendment Budget
CCDA-Urban Renewal Capital Improvements
Resources
Beginning Fund Balance $ 220,000 $ 220,000
InterkoN crnmental I co 1. 1 461,000
Total Resources $ 581,000 $ 100,000 $ 681,000
Requirements
Program Expenditures Total $ - $ - $ -
Work-In-Progress 581,0110 8 100,000 8 681,000
Total Budget $ 581,000 $ 100,000 $ 681,000
Reserve For Future Expenditure $ - $ - $
Total Requirements $ 581,000 $ 100,000 $ 681,000
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City of Tigard ExhibitA
FY 2014 Third Qtr Supplemental Budget Amendment
1.City Center Development Agency(CCDA):Recognition of Grants
The city has received a$100,000 construction excise tax grant that will be used to fund a pre-development
feasibility study for a mixed use development at the Public Works Yard as well as another site in the downtown area.
This action will increase intergovernmental revenues in Urban Renewal Capital Improvements Fund by$100,000
resulting in an equal increase in capital program expenditures.
Adopted Q3 Revised
Budget Amendment Budget
CCDA-Urban Renewal Capital Improvements
Resources
Beginning Fund Balance $ 220,000 $ 220,000
Intergovernmental $ 361,000 S 100,000 s 461,0(1)
T*W Resounn $ 381,000 $ 100,000 $ 684000
Requirements
Program Expenditures Total $ - $ - $ -
Work-In-Progress S 581,000 S 100,000 S 681,000
Total Budget $ 581,000 $ 100,000 $ 681,000
Reserve For Future Expenditure $ $ $
Toes)Requirements $ 3811000 $ 100,000 $ 681,000
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