R-2023-198 - 7/13/2023RESOLUTION NO. R-2023-198
RESOLUTION EXPRESSING OFFICIAL INTENT TO REIMBURSE CERTAIN
EXPENDITURES OF THE CITY OF ROUND ROCK, TEXAS
WHEREAS, the City Council of the City of Round Rock, Texas (the "Issuer") expects to pay
expenditures in connection with the project described in Exhibit A (the "Project") prior to the issuance of
obligations to finance the Project; and
WHEREAS, the Issuer finds, considers and declares that the reimbursement of the Issuer for the
payment of such expenditures will be appropriate and consistent with the lawful objectives of the Issuer
and, as such, chooses to declare its intention, in accordance with the provisions of Section 1.150-2 of the
Treasury Regulations, to reimburse itself for such payments at such time as it issues obligations to finance
the Project, Now Therefore
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ROUND ROCK,
TEXAS:
Section 1. The Issuer reasonably expects to incur debt, as one or more separate series of
various types of obligations, with an aggregate maximum principal amount not to exceed $84.3 million for
the purpose of paying the costs of the Project.
Section 2. All costs to be reimbursed pursuant hereto will be capital expenditures. No tax-
exempt obligations will be issued by the Issuer in furtherance of this Resolution after a date which is later
than 18 months after the later of (1) the date the expenditures are paid or (2) the date on which the property,
with respect to which such expenditures were made, is placed in service.
Section 3. The foregoing notwithstanding, no tax-exempt obligation will be issued pursuant to
this Resolution more than three years after the date any expenditure which is to be reimbursed is paid.
0112.20232; 4863-5651-3645
The City Council 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 13th day of July, 2023.
ATTEST:
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MEAGAN S S, Ci4 Clerk
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EXHIBIT A
PROJECT DESCRIPTION
Expenditures related to parks, recreation, sports, roads, facilities and public safety, including, but not
limited to, the following projects:
Bob Bennett facility expansion
Harrell Parkway improvements
Parks, Recreation, and Sports
• Sports Center expansion
• Downtown Park Phase I
• Parks System Infrastructure
• Old Settler's Park build -out
• Rock'N River expansion
• Clay Madsen remodel/expansion
Public Safety
• New Fire Station No.I
• Fire Station No.10 and No.11
• Public Safety Training Center Phase H
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