TB-2022-012 - 7/28/2022 RESOLUTION NO. TB-2022-012
WHEREAS, the Round Rock Transportation and Economic Development Corporation
("RRTEDC") wishes to adopt a Five-Year Funds Allocation Plan for FY 2023-2027 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 2023-2027 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 28th day of July, 2022.
By:
—A
CRAIG WZGAVresident
Round Rock Tran ortation and Economic
Development C rporation
ATTEST:
RICK VILLA AL, Secretary
0112.20222;4875-2640-0041
Round Rock Transportation and Economic Development Corporation
5-Year Funds Allocation Plan 2023 - 2027
Beginning Balance - Funds Available 10/1/2022 141,218,000
5-Year Revenue Forecast
Sales Tax 170,996,000
Transportation COs 10,000,000
Contributions/Other 59,297,000
Total 5-Year Revenue Forecast 240,293,000
Fund Reserve (1,000,000)
Total 5-Year Funds Available 380,511,000
5-Year Transportation Projects
TCIP Programmed (includes pending TCIP amendment) 242,187,000
Other:Traffic Signals Maintenance,Admin, etc. 10,695,000
Debt Payments 20,483,000
5-Year Fund Programmed 273,365,000
Transportation Pipeline Planned Projects(1) 65,850,000
Total 5-Year Transportation Need 339,215,000
5-Year Economic Development Projects
Chamber Contract 3,992,000
Downtown Improvements& Marketing 1,301,000
Committed Economic Incentive(EIP) Payments(2) 20,990,000
NE Downtown Garage&Improvements 450,000
South Mays Corridor Improvements 1,247,000
5-Year Fund Programmed 27,980,000
Economic Development Amount to be Allocated (3) 13,216,000
Total 5-Year Economic Development Need 41,196,000
Total 5-Year Expenditure Forecast 380,411,000
Net available to be allocated at end of 5-years 100,000
This allocation plan will be updated at least annually.
(1)Partial funding for the Chisholm Trail South,Creek Bend Blvd,Eagles Nest,Kenney Fort Blvd Segments S
&6 and Wyoming Springs(Golden Oaks to FM1437)projects,not currently funded in the TCIP.
(2)Assumes The District's agreement is amended from$12.56M to$18.6M.
(3)Assumes Picture Perfect agreement estimate of$8.3M plus$S.OM as uncommitted funds.