TB-2019-012 - 7/25/2019 RESOLUTION NO. TB-2019-012
RESOLUTION ADOPTING THE 2019-2020
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 2019-2020 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 2019-2020 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 25th day of July, 2019.
By:
CRAIG M RGA resident
Round Rock Tranportation and Economic
Development Corporation
'"ATTEST-
JO/LOAN,
TTEST•JO LOAN, Secretary
0112.1902;00427974
EXHIBIT
As of: 07/03/19
PrO100W ►fs. d •a FoUrhAtOd Esuffiatod R
M018 t o PY2021 fy''AP_ r
,24
Beginning Fund Balance 35,825,312 33,023,307 49,723,700 30,778,179 24,895,886 32,260,236 27,714,542
Revenue
Sales Tax and Estimated Sales Tax 20,464,702 19,500,000 19,890.000 20,287,800 20,693,556 21,107,427 21,529,576
Interest 512,413 300,000 350,000 300,000 200,000 200,000 200,000
Grant Proceeds 6,945,669 1,080,796
Donations/contributions 16,120 1,005,050 475,000
CAMPO Funding 7,818,874 14,896,000 4,900,126
WilCo.Participation-Kenney Ft.Blvd.2-3 471,764 538,928
WilCo.Participation-RM620 1,000,000 2,000,000
WilCo.Participation-Roundville Ln 718,749 328,097
WilCo.Participation-University Blvd 2,500,000
WilCo.Participation-University East 945,000
WilCo.Participation-Wyoming Springs 1,000,000
Transportation CO Bond Proceeds 30,329,190 27,000,000 31,500,000 31,500,000 20,000,000
Other 1,212,476
Total Revenue 31,341,893 57,582,061 56,478,874 66,983,800 57,293,682 42,307,427 21,729,576
Transportation Expenditures
TCIP Projects 24,160,963 22,036,946 65,627,615 66,075,800 45,725,380 42,630,000 11,660,042
Other Items:Commons,Street Sweeping,Paving
Contract&Traffic Signals 176,999 832,320 848,966 865,946 883,265 900,930 918,949
Debt Issuance Costs 327,847 350,000 350,000 300,000 300,000 300,000
Debt Service 3,930,885 3,935,567 3,923,755 3,921,097 1,367,437 1,368,941
Transfers to Other Funds 498,471
Due to General Fund 300,000 780,000 803,000 803,000 803,000 803,000 803,000
Subtotal Transportation 29,067,318 27,912,680 71,553,336 72,015,843 49,079,082 46,002,871 13,681,991
Economic Dev,Expenditures
Chamber Agreement 660,000 585,000 585,000 585,000 585,000 585,000 585,000
Downtown Improvements&Marketing 78,529 1,250,200 250,200 250,200 250,200 250,200 250,200
Economic Development Projects-Committed 421,497 6,142,435 13,007,575 15,050 15,050 15,050
Total Economic Development 1,160,026 7,977,635 13,842,775 850,250 850,250 850,250 835,200
Total Expenditures 30,227,344 35,890,315 85,396,191 72,866,093 49,929,332 46,853,121 14,517,191
Net Revenues 1,114,549 21,691,746 (28,917,237) (5882,293) 7,364,350
(4,545,694) 7,212,385
Fund Balance 36,939,861 54,715,053 20,806,463 24,895,886 32,260,236 27,714,542 34,926,928
Fund Reserve (1,000,000) (1,000,000) (1,000,000) (1,000,000) (1,000,000) (1,000,000) (1,000,000)
MUM
Ka char Revenue,Projects,� k _ __
Kalahari Project Revenues to Offset Debt 491,760 4,575,670 61687,870 7,145,610 7,147,730
Proceeds-Bonds for Kalahari Convention Center 21,815,000 20,665,000
Proceeds from tax-exempt COs-offsite&onsite improvements 30,350,000
Issuance Costs for Convention Center&COs 870,000 11960,000
Debt Service for Kalahari Road Debt&Conference Center 491,760 4,575,670 6,887,870 7,145,610 7,147,730
Convention Center 3,480,118 18,539,776 17,482,411
On-site improvements 15,000 000.
Off-site improvements 436,436 7,396,577 6,600 873
e an,net
Total All Expenditures 34,143,898 62,696,668 126,951,155 77,441,763 56,817,202 53,998,731 21,664,921
Total Net Revenue (2,802,005) 16,700,393 (18,945,521) (5,882,293) 7,364,350 (4,545,694) 7,212,385
Total Fund Balance 33,023,307 49,723,700 30,778,179 24,895,886 32,260,236 27,714,542 34,926,928
Total Reserve (1,000,000) (1,000,000) (1,000,000) (1,000,000) (1,000,000) (1,000,000) (1,000,000)
a e e ♦ s- s
Other protem
FY2018 FY2019 FY2020 FY2021 FY2022 FY2023
Project Detail(TCIP)(includes TCIP#41) Actual Projected Estimated Estimated Estimated Estimated
Arterial Improvement Program(bottleneck projects 121,736 700,000 674,000
Arterial Sidewalks 100,000
Bridge Maintenance _4,140
Creekbend Blvd. 8,152
Deepwood Drive 200,000
Gattis School Road-Widening 1,691,995
Gattis School Road-Segment 3 280,344 737,000
Gattis School Road-Segment 6 194,334 662,000
Kalahari-other costs(City responsibility)
Kenney Ft.Blvd.Seg 2&3 Design 541,171 2,286,000
Kenney Ft.Segment 4 770,843 495,300
Landscaping-Creekbend and Downtown 734,711
Logan Bridge 243,456 216,000
Major Arterial Maintenance 842,948 1,411,000
Mays St/Rabbit Hill Rd Extension 11,222
McNeil Extension 1,261,810 53,000 2,500,000
Texas Avenue 400,529 90,000 164,000
North Mays Street Extension Phase 2 550,000 2,125,000 725,000
Nutty Brown 124,000
Oakmont Drive Extension 643,900
Railroad Quiet Zones 433,183 878,000
Red Bud North 322,000
RM 620 RR Grade Separation/TXDOT Project 9,485,116 721,000
Road Consulting 14,056
Roundville Lane-UPS 2,278,765 470,000
SH45 Frontage Roads 32,240 391,000
SW Downtown Phase 5 670,210
SWDT 5-B Blair and Bagdad 2,080,895 732,000
Traffic Signals&Signal Coordination 447,882 1,195,000 291,000
Transportation Design and Construction Standards 11,949
University Blvd(median from IH35 to Sunrise) 1,201,297 5,000,000 3,425,000
Retainage for active projects 397,979
TCIP Projects 24,160,963 17,977,200 9,179,000 725,000 0 0
Kalahari CIP(KCIP)
Convention Center 3,480,118 18,539,776 17,482,411
Offsite Improvements 436,436 7,396,577 6,600,873
KCIP Projects 3,916,554 25,936,353 24,083,284 0 0 0
TCP#42-Pending
Arterial Improvement Program(bottleneck projects) 1,276,000 1,350,000 1,450,000 1,750,000
Arterial Sidewalks 250,000 300,000 300,000 350,000
County Road 112 West(AW Grimes to CR117) 125,000 300,000 3,250,000 7,450,000 11,200,000
County Road 112 East(CR110 to 3,800'East) 1,500,000 1,500,000
Deepwood Drive(RM 620 to Sam Bass Rd) 650,000 1,000,000 400,000 2,200,000
Gattis School Road-Lawnmont to Windy Park Dr 400,000 2,150,000 5,200,000
Gattis School Road-Segment 3 117,448 4,892,552 8,690,000 9,175,200
Gattis School Road-Segment 6 642,417 5,332,583 8,700,000 1,720,000
Kenney Ft.Blvd.Seg 2&3 Design 874,882 6,100,118 9,750,000 5,280,180
Kenney Ft,Segment 4 12,350,000 8,995,000
Logan Bridge 1,900,000 1,765,000
Major Arterial Maintenance 5,000,000 5,000,000 5,000,000 5,000,000
Master Transportation Plan 600,000
N.Mays St.(Jeffrey Way to Old Settlers) 75,000 350,000 350,000 1,325,000
Neighborhood Connectivity 350,000 350,000 350,000 350,000
Nutty Brown 2,876,000
Oakmont Dr.(Nutty Brown to Sunrise Rd) 1,600,000 300,000
Old Settlers Blvd(N Red Bud Ln to CR 110) 450,000 475,000
Quiet Zone 1,500,000
Red Bud North 1,775,000 6,020,800 6,400,000 1,600,000
Red Bud South 320,000 600,000 760,000 5,500,000
RM 620 RR Grade Separation/TXDOT Project 21,045 2,000,000
Roundville Lane-UPS 39,000
SH45 Frontage Roads 745,000 2,320,000 2,210,000
Texas Avenue 27,316
Traffic Signals&Signal Coordination 1,109,000 1,400,000 1,400,000 1,400,000
Transportation Design and Construction Standards 500,000
University East 392,638 5,727,362 2,830,000
Wyoming Springs 320,000 320,000 480,000 880,000 5,180,000
TCIP#42 Projects-Pending4,059,746 56,448,615 65,350,800 45,725,380 42,630,000
Total TCIP Projects 28,077,517 47,973,299 89,710,899 66,075,800 45,725,380 42,630,000
2023 is as far out as the TCIP is programmed
• "a • • •- a
FY2020 FY2021 FY2022 FY2023
Total
Company Committed Estimated Estimated Estimated Estimated
EastGroup Properties 67,725 22,575 15,050 15,050 15,050
Houghton Mifflin Harcourt Publishing 50,000 50,000
Legacy Labs(formerly Veridia) 125,000 125,000
The Distrcit-Roads/Incentive 12,560,000 12,560,000
UPS 250,000 250,000
Total Economic Incentive Payments 13,052,725 13,007,575 15,050 15,050 15,050
2023 is as far out as the E/P is programmed