R-2021-192 - 7/22/2021 RESOLUTION NO. R-2021-192
WHEREAS, the Round Rock Transportation and Economic Development Corporation has
adopted a Five-Year Funds Allocation Plan("Plan") for FY 2022-2026, and
WHEREAS,the City Council wishes to ratify said Plan,Now Therefore
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK,TEXAS,
That the adoption of the Plan by Round Rock Transportation and Economic Development
Corporation,which is attached hereto as Exhibit"A", is hereby ratified.
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 22nd day of July, 2021.
CRAIG ORG , Mayor
City of Round Kock, Texas
ATTEST:
MEAGAN SIJNKS,Dep y City Clerk
011120212;00476380
EXHIBIT
Round Rock Transportation and Economic Development Corporation
5-Year Funds Allocation Plan 2022 - 2026
Beginning Balance - Funds Available 101112021 98,029,000
5-Year Revenue Forecast
Sales Tax 128,557,000
Interest 1,050,000
Transportation COs 37,175,000
3rd Party Participation 57,628,000
Total 5-Year Revenue Forecast 224,410,000
Fund Reserve (1,000,000)
Total 5-Year Funds Available 321,439,000
5-Year Transportation Projects
TCIP Programmed (includes pending TCIP amendment) 235,532,000
Other: Street Sweeping,Traffic Signals,Admin,etc. 11,127,000
Debt Service 19,414,000
5-Year Fund Programmed 266,073,000
Transportation Pipeline Planned Projects (1) 21,000,000
Total 5-Year Transportation Need 287,073,000
5-Year Economic Development Projects
Chamber Contract 3,876,000
Downtown Improvements& Marketing 1,251,000
Committed Economic Incentive(EIP) Payments 14,313,000
NE Downtown Garage& Improvements 2,467,000
South Mays Corridor Improvements 300,000
5-Year Fund Programmed 22,207,000
Economic Development Pipeline Planned Projects -
Economic Development Amount to be Allocated 12,058,000
Total 5-Year Economic Development Need 34,265,000
Total 5-Year Expenditure Forecast 321,338,000
Net available to be allocated at end of 5-years 101,000
This allocation plan will be updated annually or as opportunities arise.
(1)Estimate for engineering and right-of-way costs on Kenney Fort Segment 5,Arterial L(Eagles Nest),University
Blvd(Sunrise to College Park)and Wyoming Springs(Goldenoak to FM 1431)