TB-2023-014 - 9/28/2023 RESOLUTION NO.TB-2023-014
WHEREAS, the City of Round Rock ("City") has proposed a project to construct several
improvements to downtown, including renovations to the Griffith Building; and
WHEREAS, whereas the proposed project is named the Paseo/Griffith Building Downtown
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 a portion of 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 a portion of the Proposed Project meets
the requirements of the Code and should be approved; and
WHEREAS, the Board of Directors wishes for TEDCO to contribute funds for a portion of the
Proposed Project; Now Therefore
BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE ROUND ROCK
TRANSPORTATION AND ECONOMIC DEVELOPMENT CORPORATION,
That a portion of the Paseo/Griffith Building Downtown Improvements Project described in
Exhibit"A" meets the requirements of the Code and said Project is hereby approved; and
0112.20232;4866-0597-8240
BE IT FURTHER RESOLVED,
That TEDCO is authorized to expend funds for a portion of the Proposed Project.
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 28th day of September, 2023.
By:
RE FLORES,Preside
Round Rock Transportation and Economic
Development Corporation
ATTEST:
��
RICK VILLARREAL, Secretary
2
EXHIBIT A
L Griffith Building Remodel & Paseo Project
Total Project Cost and Space Allocation in Millions
Type B HOT GSFC Total
Griffith Building $ 6.4 $ 4.2 $ 3.2 $ 13.7
Paseo and Palm House Relocation 4.3 0.4 - 4.8
City Hall Parking Garage - - 1.0 1.0
Total $ 10.7 $ 4.6 $ 4.2 $ 19.5
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FY 2023/24 BUDGET BRIEFING - CITY MANAGER PROPOSED BUDGET 36
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