TB-2023-004 - 4/27/2023 RESOLUTION NO. TB-2023-004
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 §505.159 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 one new Project — Gattis School Segments 4&5, and making adjustments to
existing projects—Chisholm Trail North and Wyoming Springs; and
WHEREAS, at said public hearing the Board heard evidence that the Projects meet the
definition of a"project' under the terms of§§ 501.103 and 505.159 of the Code; and
WHEREAS, the Board of Directors has determined that the new and existing Projects will
promote or develop new or expanded business enterprises, pursuant to §501.103 of the Code; and
WHEREAS, the Board of Directors also determined that the proposed new project and existing
projects meet the requirements of the Code and should be approved; and
WHEREAS, the Board of Directors wishes to authorize the City of Round Rock ("City") to
design,bid, and construct the Proposed New Project on behalf of TEDCO; Now Therefore
BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE ROUND ROCK
TRANSPORTATION AND ECONOMIC DEVELOPMENT CORPORATION,
That the New Project and Existing Projects described in Exhibit "A" meet the requirements of
the Code and said Projects are hereby authorized and approved; and
BE IT FURTHER RESOLVED,
That the City is authorized to design, bid, and construct the Proposed New Project on behalf of
TEDCO.
0112.20232;4886-6455-2542
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 27th day of April, 2023.
By:
CRAIG MOVransport
A , Pton
t
Round Rockand Economic
Development Corpor
ATTEST:
RICK VILLARREXL, Secretary
2
EXHIBIT
«A»
TCIP Amendment #49
New Projects
Project Name Cost Transaction Description
Gattis School Segments 4 & 5 (Double Creek Dr to Meister 2,000,000 Design & Right-of-Way Acquisition
Lane & Rusk Rd to Via Sonoma Trail)
Total Budget for New Projects $ 2,000,000
Existing Projects - Significant Adjustments
Project Name Cost Transaction Description
Chisholm Trail North (Old Settlers to IH 35 Frontage Rd) $ 7,100,000 Budget Increase - Construction & Contingency
Wyoming Springs (Creek Bend Blvd/Brightwater Blvd to
FM3406/Old Settlers Blvd) $ 16,500,000 Budget Increase - Construction & Contingency
Total Significant Adjustments $ 23,600,000
Total Type B Impact $ 25,600,000