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TB-2021-005 - 7/22/2021
i RESOLUTION NO. TB-2021-005 RESOLUTION ADOPTING THE 2021-2022 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 2021-2022 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 2021-2022 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 22nd day of July, 2021. By: CRAIGXck ORG , President Round Tr sportation and Economic Development Corporation ATTEST: RICK VILLARREAL, Secretary 0112.20212;00476476 EXHIBIT RRTEDC (Type B) Fund 00 Draft Schedule 2021 2022 2023 2024 2025 2026 2020 Projected Proposed Estimated Estimated Estimated Estimated Actuals Actuals Budget Budget Budget Budget Budget Beginning Fund Balance $ 60,154,718 $42,627,939 $ 98,028,805 $ 25,321,963 $ 14,293,651 E 17,557,320 $22,078,178 Revenues Sales Tax and Estimated Sales Tax 21,999,048 22,100,375 21,959,250 22.398.435 22,846,404 23,303.332 23,769,398 Interest 1.136,686 300.000 300,000 300,000 150,000 150.000 150,000 Transfer from KR Project Fund for CC Debt Service - - 2,035,197 3.059,084 3,061.684 3,060,930 3,063,475 Kalahari Capitalized Interest - - 358,951 - - - - - Grant Proceeds 2,164,202 - - - - - - Donations/contributions - 1,775,794 179,708 - - - - CAMPO Funding - 2,833,148 22,730,996 2.085,856 - - - WIliamson County Participation 2,908,983 3,381,221 11,981,574 9,725,000 6,250,000 4,675.000 - SIB Loan-Kenney Fort 4C - 12,825,000 - - - - - Transportation CO Bond Proceeds 30,000,000 30.0W ,000 10,000,000 27,175,000 - - - Other 767,694 Total Revenues 58,976,613 73,574,489 69,186,725 64,743,375 32,308,088 31,189,262 26,982,873 Transportation Expenditures TCIP Projects 20.955,824 45,657.188 123,334.031 62.998,206 22.450.000 19,300.000 7,450,000 Other Items:Commons,Street Sweeping,Paving Contract&Traffic Signals 92,189 865,945 883.264 900,929 918,948 937.327 956,073 Debt Issuance Costs 142,650 350,000 100,000 300,000 - - - Debt Principal&Interest 3,924,905 3,921,097 1,367,437 1,368,941 - - - SIB Loan Debt Service - - - 60,117 842,093 842,093 Debt Service for Kalahari Conference Center 644,499 657,279 2,288,222 3,059,084 3,061,684 3,060,930 3,063,475 Transfers to Other Funds 950,402 11,191 - - - - - Technical&AdministrativeSupport Services 803,000 911,000 1,100,000 1,260,000 1,323,000 1,389,150 1,458,608 Subtotal Transportation 27,513,469 52.373,700 129,072,954 69,887,160 27,813,749 25,529,500 13,770,249 Economic Dev.Expenditures Chamber Agreement 632,917 708,750 730,012 751,913 774,470 797,704 821,635 Downtown Improvements&Marketing 2,632,257 587,611 250,200 250,200 250,200 250,200 250,200 Economic Development Projects-Committed 1.598,893 678,470 9,073,000 4,882,414 206,000 91,000 61,000 NE Downtown Parking Garage 2,583,599 8,349,000 2,467,401 - - - - NE Downtown Dry Utilities&Contingency - 2,126,700 - - - - - S Mays Corridor Improvements 1,283,941 300,000 Subtotal Economic Development 7,447,666 13,734,472 12,820,613 5,884,527 1,230670 1,138,904 1,132,835 Total Expenses 34,961,135 66,108,172 141,893,667 75,771,687 29,044,419 26,668,404 14,903,084 Net Revenues 24,016,478 7,466,317 (72,706,842) (11,028,312) 3,263,669 4,520,858 12,079,790 Net Impact of Kalahan Project Debt Proceeds and Project Expenses 31,542,257 47,934,549 Ending Fund Balance 42,627,939 98,028,805 25,321,963 14,293,651 17,557,320 22,078,178 34,157,967 Fund Reserve (1,000,000) (1,000,000) (1,000,000) (1,000,000) (1,000,000) (1,000,000) (1,000,000) Available Ending Fund Balance $ 41,627,939 $ 97,028,806 $ 24,321,963 $ 13,293,651 $ 16,557,320 $ 21,078,178 $33,157,967 Z:\Budget\FY 22\Fund Schedules\Type B\Type B FY22 Fund Schedule City of Round Rock Type B Funds TCIP&Other Roadway Projects 2021 2022 2023 2024 2025 2026 Projected Proposed Estimated Estimated Estimated Estimated Project Detail(TCIP)(Includes TCIP#45) 2020 Actuals Actuals Budget Budget Budget Budget Budget Arterial Maintenance $ 7,154,374 $ 3,045,626 $ 5,000,000 $ 5,000,000 $ 5,000,000 $ 5,000,000 $ 5,000,000 Arterial Sidewalks - 550,000 300,000 350,000 350,000 350,000 350,000 Bagdad Improvements(The Depot) - 250,000 750,000 - - - - Bottleneck Program 191,382 2,434,618 1,450,000 1,750,000 1,750,000 1,750,000 1,750,000 Chisholm Trail North(A miles N of Old Settlers to 1-35 Frontage Road) - 400,000 1,500,000 - - - - County Road 112 West(AW Grimes to CR 110) 460,126 4,139,874 8,350,000 11,200,000 6,000,000 5,350,000 - Deepwood Drive 293 250,000 399,707 - - - - Gattis School Rd Segment 2(Lawnmont to Windy Park Dr) - - 2,5%000 5,200,000 2,500,000 2,500,000 - Gattis School Road-Segment 3 1,950,050 1,783,841 10,190,000 9,175,200 - - - Gattis School Road-Segment 6 1,215,248 4,800,000 10,200,000 179,752 - - - Greenlawn Blvd(The District) 153,956 1,000,000 6,346,044 - - - - Kenney Ft.Blvd.Seg 2&3 Design 408,458 832,941 14,280,180 5,000,000 - - - Kenney Ft.Segment 4 484,139 3,515,861 8,000,000 5,000,000 - - Logan Bridge 616,791 1,500,000 - - - -Master Transportation Plan - - 600,000 - - - - McNeil Extension 2,295,667 40,568 500,000 - - - - Neighborhood Connectivity - - 600,000 250,000 - - - North Mays GapNVidening - 300,000 4,200,000 555,000 - - - North Mays Street(Paloma to Oakmont) 933,429 540.252 - - - - - Northeast Downtown Improvements 290,728 2,761,405 400,000 - - - - Nutty Brown&Oakmont Drive Extension 42,978 2,759,208 300,000 - - Old Settlers Blvd(N Red Bud to CR 110) 1,084,153 1,215,847 9,000,000 4,250,000 2,500,000 - - Railroad Quiet Zones 755,616 244.384 - - - - - Red Bud North(US 79 to CR 117) 432,546 500,000 7,675,000 7,188,254 - - - Red Bud South 487,453 1,192,547 5,500,000 2,000,000 - - - RM 620 RR Grade SeparationrrXDOT Project 1,459,073 408 - - - - - SH45 Frontage Roads - 250,000 4,963,100 - - - - Signal Program 486,645 1,522,355 1,400,000 1,400,000 350,000 350.000 350,000 Southwest Downtown Phase 5B 1,133 - - - - - - Transportation Design and Construction Standards - - - 500,000 - - - University Blvd 1,521,760 5,145,304 7,900,000 - - - - University East(AW Grimes to CR 110 182,325 3,675,575 10,100,000 - - - - US 79-Kalahari Offsite - 414,520 - - - - - Retainage for active projects (2,167,545) - - - - - - Wyoming Spnngs 515,046 592,054 880,000 4.000,000 4,000,000 4,000.000 - TCIP Projects Total 20,955,824 45,657,188 123,334,031 62,998,206 22,450,000 19,300,000 7,450,000 Kalahari CIP Convention Center 12,239,913 330,045 - - - - - Onsite Improvements 14,250,000 750,000 Offsite Improvements-Kenney Ft.Blvd.Seg 2&3 - - - - - - - Offsite Improvements 5,052,344 985,406 - - - - - Kalahari CIP Projects Total 31,642,267 2,066,451 Economic Development NE Downtown Improvements - - - Parking Garage&Land 2.583,599 8,349,000 2,467,401 - - - - Dry Utilities&Contingency - 2,126.700 - Other - - S Mays Corridor 1,283,941 300,000 Economic Development Projects Total 2,583,599 11,759,641 2,767,401 - - Total TCIP Projects $ 65,081,680 $ 59,482,280 $ 126,101,432 $ 62,998,206 $ 22,450,000 $ 19,300,000 $ 7,450,000 City of Round Rock Type B Funds Economic Incentive Payments 2022 2023 2024 2025 2026 Total Proposed Estimated Estimated Estimated Estimated Company Committed Budget Budget Budget Budget Budget Ametrine,Inc $ 345.000 $ 100,000 $ 75,000 $ 75,000 $ 50,000 $ 45,000 Boardwalk Technology LLC(East/West Mfg) 225.000 125,000 50,000 50,000 0 0 East Group Properties Phase 1 45,000 15,000 15,000 15,000 0 0 East Group Properties Phase II 96,000 24.000 24,000 16,000 16,000 16,000 Investex 11,LLC 250,000 100,000 75,000 50,000 25,000 0 Sovos(Michael Angelo's) 75,000 75,000 0 0 0 0 The Distrcit-Roads/Incentive 12,560,000 8,164,000 4,396,000 0 0 0 UPS 717,414 470,000 247,414 0 0 0 Total Economic Incentive Payments $ 14,313,414 $ 9,073,000 $ 4,882,414 $ 206,000 $ 91,000 $ 61,000