Resolution No. 06-05 CITY OF TIGARD, OREGON
RESOLUTION NO. 06- Qf—
A RESOLUTION APPROVING BUDGET AMENDMENT #9 TO THE FY 2005-06 BUDGET TO
INCREASE APPROPRIATIONS IN THE TRAFFIC IMPACT i i E FUND FOR FUNDING OF
WALNUT STREET RIGHT-OF-WAY ACQUISITION AND THE STREET MAINTENANCE FEE
FUND FOR FUNDING OF ADDITIONAL COSTS RELATED TO THE PAVEMENT MAJOR
MAINTENANCE PROGRAM.
WHEREAS, in FY 2004-05, the City acquired thirty-three of the thirty-five desired parcels for tight-of-way
along Walnut Street,and
WHEREAS,the two remaining property owners are now willing to negotiate the sale of their parcels;and
WHEREAS, the FY 2005-06 Budget does not include any appropriations for this acquisition;and
WHEREAS, staff has determined that $50,000 will be needed from the Traffic Impact Fee Fund for the
acquisition of the fight-of-way;and
WHEREAS, staff has requested additional funding from the Street Maintenance Fee Fund for the Pavement
Major Maintenance Program (PMMP) due to increased costs in asphaltic concrete materials and the extension
of the Gteenbutg Road overlay;and
WHEREAS, it is necessary to amend the FY 2005-06 Budget to increase appropriations to Bold these
additional costs.
NOW,THEREFORE,BE IT RESOLVED by the Tigard City Council that:
SECTION 1: The FY 2005-06 Budget is hereby atnended as shown in Attachment A to this resolution to
transfer $50,000 from the Traffic Impact Fee Fund contingency to the Traffic Itupact Fee
Capital Improvement Project budget and transfer$80,500 froin the Street Maintenance Fee
Fund contingency to the Pavement Major Maintenance Program (PMMP) Capital
Improvement budget.
SECTION 2: This resolution is effective immediately upon passage.
PASSED: This 7 � day of 2006.
4
C
Mayor kity of Tigard
A T:
try Recorder-City of Tigard
RESOLUTION NO. 06 - �S
Page 1
Attachment A
FY 200506
Budget Amendment # 9
FY 2005-06 Budget Adopted
Adopted Amendment Revised
Budget # 9 Budget
Street Maintenance Fee Fund
Resources
Beginning Fund Balance $128,136 $128,136
Utiltity Fees and Charges 800,000 800,000
Interest Earnings 4,000 4,000
Transfers In from Other Funds 0 0
Total $932,136 $0 $932,136
Requirements
Program Expenditures Total $0 $0 $0
Debt Service $0 $0
Capital Improvements $725,000 $80,500 $805,500
Transfers to Other Funds $119,800 $119,800
Contingency $80,500 ($80,500) $0
Total Requirements $925,300 $0 $925,300
Ending Fund Balance 6,836 6,836
Grand Total $932,136 $0 $932,136
Attachment A
FY 2005-06
Budget Amendment # 9
FY 2005-06 Budget Adopted
Adopted Amendment Revised
Budget #9 Budget
Traffic Impact Fee Fund
Resources
Beginning Fund Balance $1,187,867 $1,187,867
Grants 660,000 660,000
Development Fees & Charges 735,000 735,000
Interest Earnings 40,000 40,000
Other Revenues 150,000 150,000
Transfers In from Other Funds 0 0
Total $2,772,867 $0 $2,772,867
Requirements
Program Expenditures Total $0 $0 $0
Debt Service $0 $0
Capital Improvements $2,051,364 $50,000 $2,101,364
Transfers to Other Funds $206,797 $206,797
Contingency $325,000 ($50,000) $275,000
Total Requirements $2,583,161 $0 $2,583,161
Ending Fund Balance 189,706 189,706
Grand Total $2,772,867 $0 $2,772,867