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TB-2025-002 - 3/27/2025 RESOLUTION NO. TB-2025-002 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 two new Projects: (1) Chisholm Trail Road at Brushy Creek Sidewalk Connection, and (2) Northeast Downtown Improvements Phase 2 (Sheppard St); 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 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 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 Projects 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 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 Projects on behalf of TEDCO. 0112.20252;4899-4647-7864 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 March, 2025. By:- REN4 FLORES, Presid t Round Rock Transportation and Economic Development Corporation ATTEST: 41 92ray.,LP RICK VILLAR EAL, Secretary 2 EXHIBIT „A» TCIP Amendment#54 New Projects Project Name Cost Transaction Description Chisholm Trail Road at Brushy Creek Sidewalk Connection $ 1,500,000 Engineering Services Northeast Downtown Improvements Phase 2 (Sheppard St) $ 2,500,000 Engineering Services Total Budget for New Projects $ 4,000,000 Existing Projects Adjustments Project Name Cost Transaction Description County Road 118 Widening (University Blvd to SH 130) (A) $ 2,500,000 Budget Increase - Right-of-Way Acquisition Gattis School Road Segments 4 & 5 (Double Creek Dr to Meister $ 1,500,000 Budget Increase - Right-of-Way Acquisition Lane & Rusk Rd to Via Sonoma Trail) (A) Greenlawn Boulevard Improvements (B) $ 11,000,000 Budget Increase - Construction & Contingency Sam Bass Road & Hairy Man Road Intersection Improvements (A) $ 1,000,000 Budget Increase - Right-of-Way Acquisition Total Adjustments $ 16,000,000 Total Type B Impact $ 20,000,000 (A) Budget approved on prior TCIP amendment covered design. Additional budget required to start ROW acquisitions. (B) Construction budget included in prior TCIP amendments during the design phase of the project. Additional budget required due to updated engineer's estimate with 100% design plans. Note: Additional budget needs are covered by the "Transportation Planned Projects" section of the 2025-2029 Funds Allocation Plan.