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Resolution 06-92 TIGARD WATER DISTRICT BOARD OF COMMISSIONERS RESOLUTION NO. 6-92 A RESOLUTION TO APPROVE THE REVISED CAPITAL IMPROVEMENTS PLAN On the motion made by Commissioner Clarence Nicoli, and seconded by Commissioner Robert Wyffels, and passed by affirmative action of the Board of Commissioners, on this 12 day of May 1992, Tigard Water District adopts the following resolution: WHEREAS, the District by Ordinance 11-90 established System Development Charges (SDCs) as a component part of meter installation income; WHEREAS, System Development Charges (improvement fees) as defined in ORS 223.299 shall be spent only on capacity increasing improvements, including expenditures related to the repayment of the debt for such improvements; BE IT RESOLVED, that the Board of Commissioners hereby approves the attached revised Capital Improvements Plan, effective July 1, 1992; BE IT FURTHER RESOLVED, system development charges shall be spent only on those projects listed on the Capital Improvements Plan; BE IT FURTHER RESOLVED, that this Plan shall be updated annually at the same time that the new budget is prepared. Audrey Cas ' eChair Attest: r.- ohn P. Miller, Administrator Tigard Water District