R-11-06-23-10B3 - 6/23/2011RESOLUTION NO. R -11-06-23-10B3
WHEREAS, on October 28th, 2010 the City Council approved the list of capital projects for
the 2011 Capital Spending Plan for the General Self -Financed Construction Fund, and
WHEREAS, on January 13, 2011 the City Council approved Amendment No. 1 to the 2011
Capital Spending Plan for the General Self -Financed Construction Fund, and
WHEREAS, on March 10, 2011 the City Council approved Amendment No. 2 to the 2011
Capital Spending Plan for the General Self -Financed Construction Fund, and
WHEREAS, the City Council desires to amend the list of capital projects to include: the
purchase of land for Fire Station No. 8 and architectural fees associated with the renovation of the
Rabb House and fund these projects from the General Self -Financed Construction Fund, Now
Therefore
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS,
That the amended list of capital projects along with their estimated costs as shown in Exhibit
"A", attached hereto and incorporated herein, are approved for funding from the General Self -Financed
Construction Fund.
The City Council hereby finds and declares that written notice of the date, hour, place and
subject of the meeting at which this Resolution was adopted was posted and that such meeting was
open to the public as required by law at all times during which this Resolution and the subject matter
hereof were discussed, considered and formally acted upon, all as required by the Open Meetings Act,
Chapter 551, Texas Government Code, as amended.
RESOLVED this 23rd day of June, 2011.
02 hi
ALAN MCGRAW, Mayor
City of Round Rock, Texas
ATTEST:
StitAL
SARA L. WHITE, City Secretary
O:\wdox\SCCInts\0112\1104\MUNICIPAL\00224862.DOC/rmc
City of Round Rock
General Self -Financed Construction
2011 Capital Spending Plan -Amendment #3
FY 2011 Unallocated General Financed Construction Total
$ 686,754
Recommended Uses
Projects Recommended For Funding
Property for Fire Station #8
Architect for Rabb House
Total Projects Recommended for Funding
$ 500,000
100,000
$ 600,000
Total Unallocated Self -Financed Construction $ 86,754
EXHIBIT
"A„
ROUND ROCK, TEXAS
PURPOSE. PASSION. PROSPERITY
Agenda Item No. 10B3.
City Council Agenda Summary Sheet
Consider a resolution approving Amendment No. 3 to the FY 2010-2011 General Self -
Agenda Caption: Financed Construction Budget.
Meeting Date: June 23, 2011
Department: Finance
Staff Person making presentation: Cheryl Delaney
Finance Director
Item Summary:
As in previous years, this process continues the City's financial strategy of allocating cash funding for projects for
which the City would normally issue debt. This strategy has reduced the need to borrow funds while allowing the
City to continue to keep up with the growing demand. This strategy has been in place since 1999, during this time it
has saved the taxpayers of Round Rock at least 12 cents on the property tax rate by avoiding the issuance of debt.
Since 1999 the City has funded over $65 million in projects.
This General Self -Financed Construction budget revision will allocate available self -financed construction funding for
for the purchase of land for Fire station #8 ($500,000) and architectural fees associated with the renovation of the
Rabb House ($100,000).
Strategic Plan Relevance:
8.0 — Maintain and enhance public confidence, satisfaction and trust in City government.
Cost: $600,000
Source of Funds: General Self -Financed Construction
Date of Public Hearing (if required): N/A
Recommended Action: Approval