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BCRUA_R-10-11-17-7C RESOLUTION NO. R-10-11-17-7C WHEREAS, on January 28, 2008, the Texas Water Development Board approved a funding commitment to the Brushy Creek Regional Utility Authority ("BCRUA"), and WHEREAS, the funding was to be taken in three series, first in 2008, a second in 2010, and the third in 2014, and WHEREAS, due to the savings and the economic slowdown, the 2010 funding is not necessary at this time, and WHEREAS the BCRUA wishes to request the Texas Water Development Board for an extension of the prior funding commitment,Now Therefore BE IT RESOLVED BY THE BRUSHY CREEK REGIONAL UTILITY AUTHORITY, That the General Manager is hereby authorized and directed to submit a letter to the Texas Water Development Board requesting an extension of the prior funding commitment. The Board 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 17th day of November, 2010. MIT FULLE , President Brushy gional Utility Authority ATTEST: Cowman, Secretary Z9BCRUA\Board Packeu\Packet Documents\1l 1710\Res.BCRUA-written request to TWDB-extension(00207936).DOC/tmc I Ab BRUSHY CREEK W,o REGIONAL UTILITY AUTHORITY A Partnership of Cedar Park, Leander, and Round Rock November 18, 2010 Mr. Darrell Nichols, Project Lead Texas Water Development Board 1700 N.Congress Ave. °0 Austin,Texas 78711 ` ll d 'op Re: Brushy Creek Regional Utility Authority DFUND,TWDB Project No.21600 E Dear Mr. Nichols, , R pj �EdEa The Texas Water Development Board approved a$30 unding co ent to the Brushy Creek Regional Utility Authority(BCRUA)on January 28,2008,ancjesolu this actio des a statement that"this 4511 r, commitment will expire on January 31,2010�� Atf time, it w ated that ing would be taken in three series,first in 2008,a second in 2010,and third In 2014.A4 s a erstood at the time that a closing on the first series before January 31,2010, atisfy the ation cla` .ai he resolution. I am writing to give the TWDB a status update on the fu eds of the BCRs egiona t: r Project,and to formally request an extension of the funding prnmitmen ember of 2014", ,g The BCRUAi0`11"eive plon"i he fir '`' f fund ly 2009, in an amount of$182,020,000. The BCRUA has been fortunat2 favorable bi nstruc ch that the current estimate for savings is more than$30 million D the savings and thee' ' is slow he 2010 funding is not necessary at this time.Therefore, on Novembe ✓Pe 10,the BCRUA Boa ,Directors proved a resolution(attached)authorizing this request for th: pB funding com nt to December 2014. an extension of The BCRUA and the pa ."' cities o der,Cedar Park and Round Rock continue to plan for the future phases of this regional water syste to returning to the TWDB in the next few months to present an update of our engineering studies ofttiure phases and to request a re-affirmation of the board's commitment to Phase 2 of this project. We appreciate all that the TWDB has done to assist the BCRUA on this regional project. Sincerely, Chris Lippe, P.E. General Manager cc: City of Round Rock City Council City of Leander City Council City of Cedar Park City Council BCRUA Board of Directors