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CCDA Resolution No. 08-02 CITY OF TIGARD, OREGON CITY CENTER DEVELOPMENT AGENCY RESOLUTION NO. 08-0 A RESOLUTION ADOPTING THE DISCAL YEAR 2005-09 BUDGET', 1\1'r KING APPROPRIATIONS, AND IMPOSING AND CATEGORIZING T,i%1YES. WIERE,AS, the budget for the City Center Development Agency for the year beginning July 1, 2008 was duly approved and recoirunended to the City Council by the regularly constituted Budget Committee at its meeting on May 05, 2008, after proceedings in accordance with Chapter 294, Oregon Revised Statutes; and WHEREAS, a summary of the budget as required by Chapter 294.416 was duly published in the Tigard Tunes, a newspaper of general circulation in the City in accordance with Chapter 294.421; and WHEREAS, a hearing by the City Center Development Agency Budget Committee on the budget doctunent, as proposed by the City Manager, was held on May 5, 2008, where all interested persons were afforded an opportunity to appear and be heard with respect to die budget; and WHEREAS, a hearing by the City Center Developinent Agency Board of Directors on the budget document, as approved by the Budget Coni nittee, was duly called and held on June 10, 2008, where all interested persons were afforded an opportunity to appear and be heard with respect to the budget. NOW, THERE FORE, BE IT RESOLVED by the Tigard City Council that: SECTION 1: The City Center Development Agency Board of Directors adopts the budget for Fiscal Year-2008-09 in the total amount of$459,269. SECTION 2: The appropriations for the Fiscal year beginning July 1, 2008 are established as follows: Operating Expenditures 5 0 Capital Improvements $ 379,269 Debt Service 8 80,000 Total $ 4595269 SECTION 3: The City Center Development Agency Board of Directors certifies to the county assessor of the County of Washington, Oregon a request for d-ie maxima n amount of revenue that may be raised by dividing the taxes under Section 1c, Articles IZ of the Oregon Constitution and ORS Chapter 457. SECTION 4: This resolution is effective inunediately upon passage. RESOLUTION NO. OS -C_ Page I f (� 1 PASSED: This 1 day of 2008. Chair- Ciq of Tigard City Center Development Agency ATTEST: e { J/ City Recorder - City of Tigard RESOLUTION NO. 08 - C),;.L Page 2 Exhibit A City Center Development Agency Schedule of Appropriations Fiscal Year 2008-09 Budget Committee Council Fund Program Proposed Changes Approved Changes Adopted Urban Renewal Captial Improvement Captial Improvements $ 379,269 $ - $ 379,269 Total Fund $ 379,269 $ - $ 379,269 Urban Reneal Debt Service $ 80,000 $ - $ 80,000 Total Fund $ 80,000 $ - $ 80,000 Total Appropriations $ 459,269 $ - $ 459,269 1 i