TB-2020-007 - 7/23/2020 RESOLUTION NO. TB-2020-007
WHEREAS, the Round Rock Transportation and Economic Development Corporation
("RRTEDC") wishes to adopt a Five-Year Funds Allocation Plan 2021-2025 to ensure that adequate
funds are available for transportation, economic development and other allowed uses of Type B funds,
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 2021-2025 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 23rd day of July, 2020.
By:
CRAIG/VOR)6A, President
Round Rock transportation and Economic
Development Corporation
ATTEST:
JON SLOAN, Secretary
0112.20202;00450005
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EXHIBIT
Round Rock Transportation and Economic Development Corporation
5-Year Funds Allocation Plan 2021 - 2025
Beginning Balance - Funds Available 10/1/2020 62,747,796
5-Year Revenue Forecast
Sales Tax 98,356,359
Interest 1,500,000
Transportation COs 80,000,000
3rd Party Participation 65,796,620
Total 5-Year Revenue Forecast 245,652,979
Total 5-Year Funds Available 308,400,775
5-Year Transportation Projects
TCIP Programmed (includes pending TCIP amendment) 247,084,517
Other: Street Sweeping, Traffic Signals, Admin, etc. 9,343,037
Debt Service 7,707,475
5-Year Fund Programmed 264,135,029
Transportation Pipeline Planned Projects -
Total 5-Year Transportation Need 2641135,029
5-Year Economic Development Projects
Chamber Contract 3,762,849
Downtown Improvements & Marketing 1,251,000
Committed Economic Incentive (EIP) Payments 12,858,000
NE Downtown Garage & Improvements 13,369,312
5-Year Fund Programmed 31,241,161
Economic Development Pipeline Planned Projects 375,000
Economic Development Amount to be Allocated (1) 12,549,585
Total 5-Year Economic Development Need 44,165,746
Total 5-Year Expenditure Forecast 308,300,775
Net available to be allocated at end of 5-years 100,000
This allocation plan will be updated annually or as opportunities arise.
(1)Plug to bring net available balance to$100K