Resolution No. 08-15 CITY OF TIGARD, OREGON
TIGARD CITY COUNCIL
RESOLUTION NO. 08--/5
A RESOLUTION APPROVING BUDGET AMENDMENT #11 TO THE FY 2007-08 BUDGET
INCREASING APPROPRIATIONS IN THE TRAFFIC IMPACT FEE FUND BUDGET TO REFLECT
THE ANTICIPATED COSTS ASSOCIATED WITH CONSTRUCTION IMPROVEMENTS AT THE
INTERSECTION OF 72ND AVENUE AND DARTMOUTH.
WHEREAS, the City issued a work order agreement in January 2007 to W & H Pacific for improvement to
the 72"'Avenue and Dartmouth Street intersection; and
WHEREAS, the project was not able to be completed during fiscal year 2006-2007; and
WHEREAS, no appropriation were budgeted for the project in the Traffic Impact Fee Fund during the
development of the fiscal year 2007-08 budget;and
WHEREAS, the remaining amount on the work order agreement is $160,000.
NOW,THEREFORE,BE IT RESOLVED by the Tigard City Council that:
SECTION 1: The FY 2007-08 Budget is hereby amended as shown in Attachment A to this resolution to
transfer$160,000 from the Traffic Impact Fee Fund contingency to Capital Improvements to
provide sufficient appropriations to complete dais project in the current fiscal year.
SECTION 2: This resolution is effective immediately upon passage.
PASSED: This r36 ~ day oC UL% 2008.
ed--
Mayo- City of Tigard
ATTEST:
City Recorder-City of Tigard
RESOLUTION NO. 08 -
Page 1
City of Tigard .
Attachment A
Fiscal Year 2007-08
Budget Amendment #11
Traffic Impact Fee (TIF) Fund
Original Revised
Revised Revised
Budget Amendment Budget
Program Expenditures
Community Services 0 0
Public Works 0 0
Community Development 0 0
Policy and Administration 0 0
General Government 0 0
Program Expenditures Total $0 $0 $0
Debt Service 0 0
Loan to CCDA 267,500 267,500
Transfers 198,194 198,194
Capital Improvements 1,524,732 160,000 1,684,732
Contingency 300,000 (160,000) 140,000
Total Expenditures $2,290,426 $0 $2,290,426