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TCDA Resolution No. 20-02 CITY OF TI GARD, OREGON TOWN CENTER DEVELOPMENT AGENCY RESOLUTION NO. 20-02 A RESOLUTION ADOPTING THE FISCAL YEAR 2020-2021 BUDGET, WITH ADJJSTMENT"S MAKING APPROPRIATIONS AND IMPOSING AND CATEGORIZING TAXES WHEREAS one hearing by the Town Center Development Agency Budget Committee on the budget document, as proposed by the Executive Director, was duly called and held on May 16, 2020, where all interested persons were afforded an opportunity to appear and be heard with respect to the budget; and WHEREAS the budget for the Town Center Development Agency for the year beginning July 1, 2020 was duly approved and recommended to the Town Center Development Agency Board of Directors by the regularly constituted Budget Committee at its meeting on May 16, 2020, after proceedings in accordance with Chapter 294, Oregon Revised Statutes; and WHEREAS a summary of the budget as requi red by Chapter 294.438 was duly published in the Tigard Times, a newspaper of generai circulation in thecity in accordancewith Chapter 294.448; and WH EREA$ a hearing by the Town Center Development Agency Board of D irectors on the budget document as approved by the Budget Committee, was duly called and held on June 16, 2020,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 Town Center Development Agency Board of Directors that: SECTION 1: The Town Center Development Agency Board of D i rectors adopts the budget for FY 2020- 21 as approved by Town Cuter Development Agency Board of Directors following the budget hearing on Jane 16, 2020. SECTION 2: The amounts appropriated for each fund for thefiscel year beginning July 1, 2020, are shown on the attached — Exhibit A Schedule of Appropriations as approved by Budget Committee on May 16, 2020 with adjustments male by Town Center Development Agency Board of D i rectors during the hearing on June 16, 2020. SECTION 3: The Town 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 takes under Section 1c, Articles I X of the Oregon Constitution and O RS Chapter 457. SECTION 4: This resolution is effective immediately upon passage PASSED: This 16th day of June, 2020 <� .. _ � r.s Char—City of Tigard ATTEST: Town Center Development Agency Deputy City Recorder- City igard Town Center Development Agency RESOLUTION NO.20-02 Page 1