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CCDA Resolution No. 09-02 CITY" OF TIGARD, OREGON CITY CENTER DEVELOPMENT AGENCY RESOLUTION NO. 09-(:!>D... A RESOLUTION ADOPTING THE FISCAL YEAR 2009-10 BUDGET, MAKING APPROPRIATIONS,AND IMPOSING AND CATEGORIZING TAXES. WHEREAS, a hearing by the City Center Development Agency Budget Committee on the Budget document, as proposed by the Executive Director, was held April 27, 2009, May 4, 2009 and on May 11, 2009, where all interested persons were afforded an opportunity to appear and be heard with respect to the budget; and WHEREAS, the budget for the City Center Development Agency for the year beginning July 1, 2009 was duly approved and recommended to the City Center Development Agency Board of Directors by the regularly constituted Budget Committee at its meeting on May 11, 2009, 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 Times, a newspaper of general circulation in the City in accordance with Chapter 294.421; and WHEREAS, a hearing by the City Center Development Agency Board of Directors on the budget document, as approved by the Budget Committee, was duly called and held on June 9, 2009, where all interested persons were afforded an opportunity to appear and be heard with respect to the budget. NOW,THEREFORE, BE IT RESOLVED by the City Center Development Agency Board that: SECTION 1: The City Center Development Agency Board of Directors adopts the budget for Fiscal Year 2009-10 in the total amount of$515,551. SECTION 2: Of the total budget amount of $515,551, the City Center Development Agency is appropriating$177,967 as established as follows: Urban Renewal Urban Renewal Capital Project Fund Debt Service Fund Operating Expenditures $ 0 $ 0 Capital Improvements $177,967 $ 0 Debt Service $ 0 _ 0 Total $177,967 $ 0 SECTION 3: The City Center Development Agency Board of Directors certifies to the county assessor of the County of Washington, Oregon a request for the maximum amount of revenue that may be raised by dividing the taxes under Section 1c, Articles IX of the Oregon Constitution and QRS Chapter 457. SECTION 4: This resolution is effective immediately upon passage. RESOLUTION NO. 09 - 02 Page 1 PASSED: This- day o2009. /— , , -/V�,z Chair- City of Tigard City Center Development Agency ATTEST: City Recorder- City of Tigard RESOL7LMON NO.09 - 0) Page 2 Exhibit A City Center Development Agency Schedule of Appropriations Fiscal Year 2008-09 Budget Comm ttee Council Fund Program Proposed Chan es ALproved 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