TB-2019-001 - 1/24/2019 RESOLUTION NO. TB-2019-001
WHEREAS, the Round Rock Transportation and Economic Development Corporation
("RRTEDC") wishes to adopt a Five-Year Funds Allocation Plan to ensure that adequate funds are
available for transportation and economic development projects,Now Therefore
BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE ROUND ROCK
TRANSPORTATION AND ECONOMIC DEVELOPMENT CORPORATION,
That the Five-Year Funds Allocation Plan for the Round Rock Transportation and Economic
Development Corporation, attached hereto as Exhibit "A", is hereby approved.
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 24th day of January, 2019.
By:
CRAIG M Rd-AN, r sident
Round Rock Transpo ation and Economic
Development Corporation
ATTEST-
JO LOAN, Secretary
01 12.1902;00416408
EXHIBIT
Round Rock Transportation and Economic Development Corporation
5-Year Funds Allocation Plan
Beginning Balance- Funds Available 10/1/2018 37,004,446
5-Year Revenue Forecast
Sales Tax 101,478,783
Interest 1,000,000
3rd Party Participation 5,4871-191
Total 5-Year Revenue Forecast 107,965,974
Total 5-Year Funds Available 144,970,420
5-Year Transportation Projects
TCIP Programmed (includes 1/24/19 TCIP amendment) 27,278,364
Other:Street Sweeping,Traffic Signals,Admin,etc. 8,231,427
Debt Service 14,516,797
5-Year Fund Programmed 50,026,588
Transportation Pipeline Planned Projects 34,000,000
Total 5-Year Transportation Need 84,026,588
5-Year Economic Development Projects
Chamber Contract 2,925,000
Downtown Improvements&Marketing 2,251,000
Committed Economic Incentive(EIP) Payments 7,095,300
5-Year Fund Programmed 12,271,300
Economic Development Pipeline Planned Projects 17,960,000
Economic Development Amount to be allocated 30,000,000
Total 5-Year Economic Development Need 60,231,300
Total 5-Year Expenditure Forecast 144,257,888
Net available to be allocated at end of 5-years 712,532
This allocation plan will be updated annually or as opportunities arise.
Z:\CIP\4B\Bond Funded Projects\5-Year Funds Allocation Plan\Type B 5 Year Funds Allocation PlanShee1A16/2019