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TB-2023-007 - 4/27/2023 RESOLUTION NO. TB-2023-007 WHEREAS, the Transportation Department of the City of Round Rock ("City") has proposed a project to construct AW Grimes Boulevard at Teravista Club Drive Intersection Improvements in the City; and WHEREAS, whereas the proposed project is named the AW Grimes Boulevard at Teravista Club Drive Intersection Improvements Project (the "Proposed Project") and is described in Exhibit "A," attached hereto and incorporated herein; and WHEREAS, one of the purposes of the Round Rock Transportation and Economic Development Corporation ("TEDCO") is to approve the construction of projects related to streets, roads, and related improvements necessary to promote or develop new or expanded business enterprises, pursuant to Sec. 501.103 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 Project; and WHEREAS, at said public hearing the Board heard evidence that the Proposed Project meets 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 Proposed Project meets the requirements of the Code and should be approved; and WHEREAS, the Board of Directors wishes to authorize the City to design, bid, and construct the Proposed 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 AW Grimes Boulevard at Teravista Club Drive Intersection Improvements Project described in Exhibit"A" meets the requirements of the Code and said Project is hereby approved; and 0112.20232;4869-3976-7390 BE IT FURTHER RESOLVED, That the City is authorized to design, bid, and construct the Proposed Project on behalf of TEDCO. 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 M GAVration dent Round Ro Trann and Economic Development Co ATTEST: e-rt� RICK VILLARREAL, §ecretary 2 EXHIBIT "A►► `YPr�td 9P w �7 N A 7 �F O O 1450 Teravis[a Club Dr 1460 d � G A �,eston Cv 1460 Esri Community Maps Contributors,Austin Community College,Baylor University,City of Austin,County of Williamson,Texas Parks&Wildlife, Symbology ASbur OpenStreetMap,M168soft,CONANP,Esri,HERE,Garmin,SafeGraph, O Project Location GeoTec&Mkdoes,Inc,METI/NASA,USGS,EPA,NPS,US Census Bureau,USDA Traff is Signal @ FM 1460 & Teravista Club Dr N � Capital Improvement Project A ROUND ROCK TFXAS o 125 250 Soo TRANSPORTATION Round Rock Transportation Department Feet