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TB-2022-005 - 5/26/2022 RESOLUTION NO, TB-2022-005 WHEREAS, the purpose of the Round Rock Transportation and Economic Development Corporation ("TEDCO") is to promote economic development as contemplated by Chapters 501 and 505 of the Texas Local Government Code (the "Code"); and WHEREAS, pursuant to 5505.159 of the Code, the Board of Directors of TEDCO held a public hearing on the proposed amendment to the Transportation Capital Improvement Program ("TCIP"), by adding three new Projects - Chisholm Trail South (Sam Bass Road to Brushy Creek), Eagles Nest (Chisholm Trail to Cypress), and U.S. 79 (IH 35 to East of A.W. Grimes Boulevard); and making significant adjustments to two existing projects - Kenney Fort Segments 5&6 (Old Settlers to University), and S. Mays Corridor Improvements; and WHEREAS, at said public hearing the Board heard evidence that the Projects will provide streets, roads, drainage and related improvements and facilities; and WHEREAS, the Board of Directors has determined that the Project will promote or develop new or expanded business enterprises that create or retain primary jobs within the City, pursuant to §501.155 of the Code; NOW THEREFORE BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE ROUND ROCK TRANSPORTATION AND ECONOMIC DEVELOPMENT CORPORATION, That the proposed amendment to the TCIP is hereby authorized and approved, a copy of which is attached hereto as Exhibit A. 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. 0112 20222,4866-4609.7436 RESOLVED this 28th day of April, 2022. By: CRAIG M© GAM, sident Round Roc Transp ation and Economic Development Corporation ATTEST: RICK VILLARRtAL, Secretary 2 EXHIBIT "A„ TCIP Amendment#47 New Projects Project Name Cost Transaction Description Chisholm Trail South (Sam Bass Rd to Brushy Creek) $ 1,000,000 Design Services Eagles Nest (Chisholm Trail to Cypress) 1,000,000 Design Services US 79 (IH 35 to East of AW Grimes) 2,000,000 Design Services Total Budget for New Projects $ 4,000,000 Existing Projects - Significant Adjustments Project Name Cost Transaction Description Kenney Fort Segments 5 & 6 (Old Settlers to University) $ 21500,000 Budget Increase - Design Services S Mays Corridor Improvements 1,250,000 Budget Increase - Construction Costs Total Significant Adjustments $ 3,750,000 Total Type B Impact $ 7,750,000