Resolution No. 02-66 CITY OF TIGARD, OREGON
lV
RESOLUTION NO. 02- 0
A RESOLUTION TRANSFERRING APPROPRIATIONS WITHIN THE FACILITY FUND TO PAY
FOR SPACE PLANNING SERVICES FOR CITY HALL AND THE OLD CITY LIBRARY AND
AMENDING THE FY 2002-03 CAPITAL IMPROVEMENT PLAN.
WHEREAS, Tigard voters approved the issuance of bonds to replace the existing City library with a new
facility located on SW Hall Blvd. and Wall St., and
WHEREAS,the current City library building will be converted into office space for other City departments,
and
WHEREAS, it is necessary to hire professional space planning services to develop a plan for the efficient
use of space in the old library building and City Hall with the lowest possible remodeling expense, and
WHEREAS, the renovation and upgrade of the old City library and City Hall has been included in the
City's five-year Capital Improvement Plan(CEP),but not until FY 2004-05 and FY 2005-06, and
WHEREAS, it is necessary to amend the FY 2002-03 Budget and CIP to provide funds to begin the space
planning portion of the City Hall and old library renovation and upgrade project.
NOW,THEREFORE,BE IT RESOLVED by the Tigard City Council that:
SECTION 1. The FY 2002-03 Budget of the City of Tigard is hereby amended as shown on Exhibit
A, to transfer $35,200 from the Facility Fund contingency to Capital Improvements to
begin space planning efforts for City Hall and the old City library building.
SECTION 2. The FY 2002-03 Capital Improvement Plan of the City of Tigard is hereby amended to
add a new project in the City Facilities System for the Renovation and Upgrade of City
Hall and the Old City Library(space planning)to be paid for out of the Facility Fund.
SECTION 3. This resolution is effective immediately upon passage.
PASSED: This day of ✓-cin&\.� 2002.
yor- City&:r1gardUV
A/TJ�ST:
City Recorder-City of Tigar
RESOLUTION NO. 02- (.ti G2
Page 1
Attachment A
FY 2002-03
Budget Amendment # 4
FY 2002-03 Budget Revised
Revised Amendment Revised
Budget #4 Budget
Facility Fund
Resources
Beginning Fund Balance 2,795,619 2,795,619
Interest Earnings 421,247 421,247
Bond Proceeds/Principal 13,000,000 13,000,000
Transfers In from Other Funds 715,746 715,746
Total $16,932,612 $0 $16,932,612
Requirements
Capital Improvements $4,032,500 $35,200 $4,067,700
Contingency $290,000 ($05,200) $254,000
Total Requirements $4,322,500 $0 $4,322,500
Ending Fund Balance 12,610,112 12,610,112
Grand Total $16,932,612 $0 $16,932,612