Resolution No. 06-08 CITY OF TIGARD, OREGON
RESOLUTION NO. 06- C`}d
A RESOLUTION APPROVING BUDGET AMENDMENT #8 TO THE FY 2005-06 BUDGET TO
INCREASE APPROPRIATIONS IN THE PARKS CAPITAL IMPROVEMENT BUDGET FOR
FUNDING OF ADDITIONAL COSTS RELATED TO THE TUALATIN RIVER BICYCLE AND
PEDESTRIAN BRIDGE.
WHEREAS, in February 2004, the City Council approved an intergovernmental agreement with the cities of
Durham and Tualatin to construct the Tualatin River Bicycle and Pedestrian Bridge;and
WI IERE,AS, the costs related to the project have increased significantly due to the bridge structure needing to
be longer than originally envisioned, steel and concrete costs increasing significantly, and design complexity;
and
WHEREAS, on January 24, 2006, Council gave approval to fund Tigard's share of the additional costs; and
WHEREAS, the total additional funding needed for this project is $342,453;and
WHEREAS, the Parks Capital fund does not have a sufficient contingency to fund die total additional cost; and
WHEREAS, staff has identified that the Washington Square Regional Center Trail which was budgeted in FY
05-06, but has been postponed until FY 06-07 and therefore, $192,453 of this projecesappropriations can be
used to fund the Bridge project,and
WHEREAS, it is necessary to amend the FY 2005-06 Budget to increase appropriations to fund these
additional costs.
NOW,THEREFORE,BE IT RESOLVED by the Tigard City Council that:
SECTION 1: The FY 2005-06 Budget is hereby amended as shown in Attachment A to this resolution to
transfer $150,000 from the Parks Capital Fund contingency to the Parks Capital
Improvement Project budgets.
This Resolution will also transfer $192,453 of budgeted appropriations from the
Washington SquareRegional Center Trail project in the Parks Capital Fund that has
been postponed until FY 06-07 to the Tualatin River Bicycle and Pedestrian Bridge
project.
SECTION 2: This resolution is effective immediately upon passage.
RESOLUTION NO. 06-(Q
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PASSED: Thus 14 — day of ::�—brUC r 2006.
r
Mayor-C4 of Tigard
ATTEST:
2
City Recorder-City of Tigard
RESOLUTION N0. 06 -0?
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Attachment A
FY 2005-06
Budget Amendment # 8
FY 2005-06 Budget Adopted
Adopted Amendment Revised
Budget # 8 Bud et
Parks Capital Fund
Resources
Beginning Fund Balance $2,211,721 $2,211,721
Grants 865,694 865,694
Development Fees & Charges 10,000 10,000
Interest Earnings 51,000 51,000
Other Revenues 105,000 105,000
Transfers In from Other Funds 2,804,987 2,804,987
Total $6,048,402 $0 $6,048,402
Requirements
Program Expenditures Total $0 $0 $0
Dela Service $282,876 $282,876
Capital Improvements $3,714,566 $150,000 $3,864,566
Transfers to Other Funds $1,900,000 $1,900,000
Contingency $150,000 ($150,000) $0
Total Requirements $6,047,442 $0 $6,047,442
Ending Fund Balance 960 960
Grand Total $6,048,402 $0 $6,048,402