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TCDA Resolution No. 17-04 ToxGLTY OF TIGARD, OREGON TIGARD Gi CENTER DEVELOPMENT AGENCY RESOLUTION NO. 17-04- A RESOLUTION TO ADOPT THE FY 2018 FI T ARTER BUDGET SUPPLEMENTAL INCLUDING BUDGET ADJUSTMENTS TO DEVELOPMENT AGENCY S4;;�) URBAN DEVELOPMENT. ��tsWN IjCDA} TCOA WHEREAS, the GGP4 acknowledges those items that were unknown at the time the FY 2018 budget was adopted;and 'TCoA WHEREAS,the E£-£iA recognizes approximately$108,000 of unanticipated budget in operations and transfers; and WHEREAS, the increase in budget is offset by unanticipated fund balance, miscellaneous revenue, and contingency. 'jaWh NOW,THEREFORE,BE IT RESOLVED by the Tigard C—itp Center Development Agency that: SECTION 1: The FY 2017-18 Budget is hereby amended Q1 Supplemental Summary Exhibit A. SECTION: This resolution is effective immediately upon passage. PASSED: This o2 y day of 2017. Ch�-eeiA TC.DtAI ATTEST: -rc.r)to Def�_ Reco�e r RESOLUTION NO.—+fr- Page 1 1'1 -'Ott Exhibit A Q1TC 0 A-v2 Urban Renewal Improvement Program Fund 2 of 2 FY 2018 Q1 Revised Q1 Urban Renewal Capital Improvements Budget Amendment Budget Resources Beginning Fund Balance $ - $ 32,000 $ 32,000 Property Taxes $ - $ - $ - Franchise Fees $ - $ - $ - Special Assessments $ - $ - $ - Licenses& Permits $ - $ - $ - Intergovernmental $300,000 $ - $ 300,000 Charges for Services $ 78,000 $ - $ 78,000 Fines &Forfeitures $ - $ - $ - Interest Earnings $ - $ - $ - Miscellaneous $ - $ - $ - Other Financing Sources $ - $ - $ - Transfers In from Other Funds $337,000 $ 18,000 $ 355,000 Total Resources $715,000 $ 50,000 $ 765,000 Requirements Community Development $ 65,000 $ 50,000 $ 115,000 Community Services $ - $ - $ - Policy and Administration $ - $ - $ - Public Works $ - $ - $ - Program Expenditures Total $ 65,000 $ 50,000 $ 115,000 Debt Service $ - $ - $ - Loan to rGQ4Q $ - $ - $ - Work-In-Progress $650,000 $ - $ 650,000 Transfers to Other Funds $ - $ - $ - Contingency $ - $ - $ - Total Budget $715,000 $ 50,000 $ 765,000 Reserve For Future Expenditure $ - $ - $ - Total Requirements $715,000 $ 50,000 $ 765,000 Exhibit A -1'TC-ID 403 43- Saxony Properties Demolition High contraction bid has required a request for the city to finance part of the work. Funds will only be used if all other funding is exhausted. FY 2018 Q1 Revised Q1 Urban Renewal Capital Improvements Budget Amendment Budget Resources Beginning Fund Balance $ - $ - $ Property Taxes $ - $ - $ - Franchise Fees $ - $ - $ - Special Assessments $ - $ - $ - Licenses &Permits $ - $ - $ - Intergovernmental $ 300,000 $ 40,000 $ 340,000 Charges for Services $ 78,000 $ - $ 78,000 Fines &Forfeitures $ - $ - $ - Interest Earnings $ - $ - $ - N iscellaneous $ - $ - $ - Other Financing Sources $ - $ - $ - Transfers In from Other Funds $ 337,000 $ - $ 337,000 Total Resources $ 715,000 $ 40,000 $ 755,000 Requirements Community Development $ 65,000 $ - $ 65,000 Community Services $ - $ - $ - Policy and Administration $ - $ - $ - Public Works $ - $ - $ - Program Expenditures Total $ 65,000 $ - $ 65,000 Debt Service $ - $ - $ - Loan to.C-C-f)-A TCO A $ - $ - $ - Work-In-Progress $ 650,000 $ 40,000 $ 690,000 Transfers to Other Funds $ - $ - $ - Contingency $ - $ - $ - Total Budget $ 715,000 $ 40,000 $ 755,000 Reserve For Future Expenditure $ - $ - $ - Total Requirements $ 715,000 $ 40,000 $ 755,000