CCDA Resolution No. 16-03 CITY OF TIGARD, OREGON
CITY CENTER DEVELOPMENT AGENCY
RESOLUTION NO.
A RESOLUTION TO ADOPT A SUPPLEMENTAL BUDGET AMENDMENT
TO THE FY 2017 CITY CENTER DEVELOPMENT AGENCY BUDGET.
WHEREAS, the city acknowledges those items that were unknown at the time the FY 2017 Budget
was adopted;and
WHEREAS,the CCDA recognizes a total of$36,000 in additional requirements that are offset by a
additional resources of equal amount.
NOW,THEREFORE,BE IT RESOLVED,by the Tigard City Center Development Agency that:
SECTION 1: The FY 2016-17 Budget is hereby amended as detailed in Exhibit A.
SECTION 2: This resolution is effective immediately upon passage.
h.
PASSED: This q t day of 1447!a W.O-70' ,2016.
41
4A
Chair ity of Tigard
City ter Development Agency
ATTEST:
A-,
�.,
Recorder—City of Tigard City Cent evelopment Agency
CCDA Resolution No. 16--a-3-
Page 1
FY 2016 First Quarter Budget Supplemental Exhibit A
QICCDA01. Redevelopment Study
A carryforward in the amount of$36,000 is being requested to pay for the redevelopment
study for the Saxony property.As a result,the beginning fund balance in the Urban Renewal
Capital Improvement Fund will increase by$36,000 with an equal increase in capital program
expenditures.
Adopted Revised
Budget Amendment Budget
Urban Renewal Capital Improvement Fund
Resources Beginning Fund Balance $ $ 36,000 $ 36,000
Property Taxes $ S _
Franchise Fees $ S
Licenses&Permits $ - S -
Intergovernmental $ 500,000 $ 500,000
Charges for Services $ 78,000 $ 78,000
Fines&Forfeitures $ - $ -
Interest Earnings $ $ -
Miscellaneous $ S _
Other Financing Sources $ - S _
Transfers In from Other Funds S 629,000 S 629,000
Total Resources $ 1,207,000 $ 36,000 $ 1,243,000
Requirements
Community Development $ 187,000 $ 36,000 $ 223,000
Community Services $ - $ _
Policy and Administration $ - $
Public Works $ - $ -
Program Expenditures Total $ 187,000 $ 36,000 $ 223,000
Debt Service S - $ -
Loans S - $ -
Work-In-Progress S 1,020,000 $ 1,020,000
Transfers to Other Funds S - $ -
Contingency $ - $ -
Total Budget $ 1,207,000 $ 36,000 $ 1,243,000
Reserve For Future Expenditure $ - $ - $
Total Requirements $ 1,207,000 $ 36,000 $ 1,243,000