CCDA Resolution No. 14-07 CITY OF TIGARD, OREGON
CITY CENTER DEVOPMENT AGENCY BOARD
RESOLUTION NO. 14-07
A RESOLUTION TO ADOPT A SUPPLEMENTAL BUDGET AMENDMENT TO FY 2015 CITY
CENTER DEVELOPMENT AGENCY BUDGET.
WHEREAS, the city is acknowledging those items that were unknown at the time the FY 2015 Budget was
prepared;and
WHEREAS, the CCDA recognizes a total of$1,330,000 in loan proceeds into the existing budget;and
WHEREAS, the CCDA authorizes $1,330,000 to be used purchase property at 9110 SW Burnham Street and
pay related bond fees.
WHEREAS,on May 6,2014, the city authorized staff to issue up to$1,400,000 in debt to purchase property at
9110 SW Burnham Street and pay related bond fees.
NOW,THEREFORE,BE IT RESOLVED by the Tigard City Center Development Agency that:
SECTION 1: The FY 201415 Budget is hereby amended as detailed in Exhibit A.
SECTION : This resolution is effective immediately upon passage.
PASSED: This /2 ``day of Aup s 2014.
Chair(Py Center Development Agency
ATTEST:
City Recorder-City of Tigard
RESOLUTION NO. 14-
Page 1
City Center Development Agency Attachment - A
FY 2015 First Qtr Supplemental Budget Amendment
1. Property Purchase
In order to purchase the property at 9110 SW Burnham Street,debt proceeds and the related expenditure of the deb'
proceeds needs to be recognized in CCDA's capital projects fund.
Q1
Adopted Revised
Budget Amendment Budget
Urban Renewal Capital Projects Fund
Resources
Beginning Fund Balance $ 220,000 $ 220,000
Property Tues S - S -
Franchise Fees S - $ -
Licenses&permits S - $ -
Intergovernmental 5 361,000 5 361,000
Charges for Services 5 - $ -
Fines&Forfeitures $ - $ -
Interest Earnings S - $ -
Miscellaneous S - S -
Other Financing5ources 5 S 1,330,000 S 1,330,000
Transfer,In from 0thcr Funds S - S -
Total Rcxmrccs $ 581,000 $ 1,330,000 5 1,911,000
Requucroents
Policy and Administration
Community Development
Community Services -
Public Works $ - S -
Progrm Papenditures Total $ - $ - $
Loans S $ -
Wotk-In-Progress S 361,000 $ 1,330,000 $ 1,691,000
Transfers to Other Funds S - $ -
Conung-cy S - S -
Total Budget $ 361,000 $ 1,330,000 IF 1,691,000
Reserve For Future Expenditure $ 220,000 S $ 220,000
Total Requirements $ 581,000 $ 1,330,000 $ 1,911,000
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