2018-5686 - 7/26/2018 RESOLUTION NO. 2018-5686
RESOLUTION ADOPTING THE 2018-2019
OPERATING BUDGET FOR THE ROUND ROCK
TRANSPORTATION AND ECONOMIC DEVELOPMENT CORPORATION
WHEREAS, the Board of Directors of the Round Rock Transportation and Economic
Development Corporation wishes to adopt an operating budget for fiscal year 2018-2019 in accordance
with the attached proposal, Now Therefore
BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE ROUND ROCK
TRANSPORTATION AND ECONOMIC DEVELOPMENT CORPORATION,
That the operating budget for fiscal year 2018-2019 be adopted as set forth in Exhibit "A"
attached hereto and incorporated herein for all purposes.
The Board of Directors 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 26th day of July, 2018.
By:
_ -lz'ti
CRAIGORG , President
Round tock Transportation and Economic
Development Corporation
ATTEST:
04(l, 1L
J SLOAN, Secretary
0112.1804;00405517
EXHIBIT
of Round Rock Type S Funds
r -Qvatu-tox DiscussionPurposes
As of: 07/18/18
Beginning Fund Balance 36,178,595 36,886,650 28,827,058 24,514,513 32,494,017 46,389,974 63,452,578
Revenue
Sales Tax and Estimated Sales Tax 17,614,117 19,300,000 19,500,000 19,890,000 20,287,800 20,693,556 21,107,427
Interest 326,489 200,000 200,000 200,000 200,000 200,000 200,000
Grant Proceeds 1,567,082 8,075,787 35,378
Donations/contributions 146,862 527,297 568,494
WilCo.Participation-Kenney Ft.Blvd.2-3 331,072 630,000 538,928
WilCo.Participation-RM620 1,000,000
WilCo.Participation-Roundville Ln 123,900 1,317,380
WilCo.Participation-University Blvd 2,500,000
Transfers from Other Funds 834,829
Other 594,505 13,074
Total Revenue 21,538,856 33,563,538 20,842,800 20,090,000 20,487,800 20,893,556 21,307,427
Transportation Expenditures
TCIP Projects 15,272,188 33,077,186 17,224,683 5,325,000 224,550
Other Items:Commons,Street Sweeping,
Paving Contract&Traffic Signals 404,847 816,000 832,320 848,966 865,946 883,265 900,930
Payment for Refunding of Bonds
Debt Service 4,020,199 3,930,485 3,935,567 3,923,755 3,921,097 1,367,437 1,368,941
Due to General Fund 300,000 300,000 780,000 780,000 780,000 780,000 780,000
Subtotal Transportation 19,997,234 38,123,671 22,772,570 10,877,721 5,791,593 3,030,702 3,049,871
Economic Dev.Expenditures
Chamber Agreement 535,000 660,000 535,000 535,000 535,000 535,000 535,000
Downtown Improvements&Marketing 80,567 150,200 1,250,200 250,200 250,200 250,200 250,200
Economic Development Projects-Committed 218,000 2,689,259 597,575 447,575 15,050 15,050 15,050
Total Economic Development 833,567 3,499,459 2,382,775 1,232,775 800,250 800,250 800,250
Total Expenditures 20,830,801 41,623,130 25,155,345 12,110,496 6,591,843 3,830,952 3,850,121
Net Revenues 708,055 (8,059,592) (4,312,545) 7,979,504 13,895,957 17,062,604 17,457,306
Fund Balance 36,886,650 28,827,058 24,514,513 32,494,017 46,389,974 63,452,578 80,909,884
Fund Reserve (5,628,279) (1,000,000) (1,000,000) (1,000,000) (1,000,000
(1,000,000) (1,000,000)
ass: s r »c e �,x .,.pia°3$;;., a' •s.>"�� y :f�r 'Y'"r,rd'; ,... a£
Kalahari Revenue,Projects,&Debt
Kalahari Project Revenues to Offset Debt 381,750 4,065,013 5,040,713 6,497,238
Proceeds-Bonds for Kalahari 22,500,000 32,500,000
Debt Service for Kalahari Road Debt&Conference Center 381,750 4,065,013 5,040,713 6,497,238
Convention Center 498,471 5,751,661 18,147,265 15,602,603
Off-site improvements 566,114 2,271,642 1 12,162,244
Kalahari,net 1,064,585) 8,023,303 7,809,509 16,897,397 0 0 0
Total All Expenditures 21,895,386 49,646,433 55,464,854 28,094,849 10,656,856 8,871,665 10,347,359
Total Net Revenue (356,530) (16,082,895) (12,122,054) 24,876,901 13,895,957 17,062,604 17,457,306
Total Fund Balance 35,822,065 20,803,755 16,705,004 49,391,414 46,389,974 63,452,578 80,909,884
Total Reserve (5,628,278) (1,000,000) (1,000,000) (1,000,000) (1,000,000) (1,000,000
(1,000,000)
Potential Uses of Fund Balance
Transportation projects to be programmed 29,034,848 27,233,984 37,471,547 47,945,931
Economic development projects in the pipeline 12,270,000 2,750,000
Total Potential Uses 12,270,000 31,784,848 27,233,984 37,471,547 47,945,931
of • s Rock Type > Funds
Other projects
FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023
Project Detail(TCIP)-includes TCIP#40 Actual Estimated Estimated Estimated Estimated Estimated Estimated
Arterial Improvement Program(bottleneck projects) 250,950 350,000 500,000 500,000 224,550
Arterial Sidewalks 452,943 24,838
McNeil Extension 303,936 3,250,000 2,686,305
Bridge Maintenance 19,745 4,140 33,503
Creekbend Blvd. 29,659 19,756
Cypress Blvd.Realignment
FM3406-fr.Chisholm Tri to Creekbend 9,862
Gattis School Road-Widening 95,469 2,176,784
Gattis School Road-Segment 3 250,000 768,037
Gattis School Road-Segment 6 148,684 200,000 462,074
Kenney Ft.Blvd.Seg 2&3 Design 173,355 630,000 1,399,588
Kenney Ft.Segment 18,964 1,166,201 100,000
La Frontera Streets Continuation
Landscaping-Creekbend and Downtown 156,995 703,005
Logan Bridge 250,000 210,000
Major Arterial Maintenance 1,205,656 1,008,007
Mays St/Rabbit Hill Rd Extension 1,878,415 11,222
Multipurpose Sports Complex-Partial Arterial Roads 750,000
Neighborhood Connectivity-Texas Avenue 785,803 625,685 90,000
North Mays Street Extension Phase 2 2,000,000 1,400,000
Nutty Brown 86,394
Railroad Quiet Zones 446,108 850,000 878,308
Red Bud North 322,765
RM 620 RR Grade Separation/TXDOT Project 1,843,579 9,500,000 21245,744
Road Consulting 197,986 11,242
Roundville Lane-UPS 248,279 2,577,588 328,000
SE Downtown
Seton Parkway
SH45 Frontage Roads 176,283 100,593 323,124
So.Mays at Gattis School Rd.
SW Downtown Phase 5 368,875 274,460
SWDT 5-B Blair and Bagdad 2,494,289 3,004,588 200,000
Traffic Signals&Signal Coordination 791,646 1,025,565
Transportation Design and Construction Standards 395,081 123,812
University Blvd(median from IH35 to Sunrise) 2,029,298 4,000,000 5,000,000 3,425,000
TCIP Projects 15,271,860 32,546,645 17,224,683 5,325,000 224,550 0 0
Kalahari CIP(KCIP)
Convention Center 498,471 5,751,661 18,147,265 15,602,603
Other-legal 328
Offsite Improvements 566,114 2,271,642 12,162,244
KCIP Projects 1,064,913 8,023,303 30,309,509 15,602,603 0 0 0
Total TCIP Projects 16,336,773 40,569,948 47,534,192 20,927,603 224,550 0 0
2021 is as far out as the TCIP is programmed
of Round Rock •"' rFunds
..�onomic Incentive Payments
FY2019 FY2020 FY2021 FY2022
Total
Company Committed Estimated Estimated Estimated Estimated
Houghton Mifflin Harcourt Publishing 150,000 100,000 50,000 0 0
ProPOrtion Foods,LLC 100,000 100,000 0 0 0
UPS 500,000 250,000 250,000 0 0
EastGroup Properties(estimates) 75,250 22,575 22,575 15,050 15,050
Veridia 250,000 125,000 125,000 0 0
Total Economic Incentive Payments 1,075,250 597,575 447,575 15,050 15,050