TB-2024-003 - 4/25/2024 RESOLUTION NO. TB-2024-003
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) CR 118 Widening (University to SH 130), and (2) Sam
Bass Road and Hairy Man Road Intersection Improvements; 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.
0112.20242:4892-4111-8116
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 25th day of April, 2024.
By: 12-�
IIA
RE FLORES, Presi&Qt
Round Rock Transportation and Economic
Development Corporation
ATTEST:
RICK VILLARRE , Secretary
2
EXHIBIT
TCIP Amendment#51
New Projects
Project Name Cost Transaction Description
CR 118 Widening (University to SH 130) 1,000,000 Engineering Services
Sam Bass Rd & Hairy Man Rd Intersection Improvements 1,000,000 Engineering Services
Total Budget for New Projects $ 2,000,000
Existing Projects Adjustments
Project Name Cost Transaction Description
Deep Wood Drive Extension (RM 620 to Sam Bass Rd) $ 2,200,000 Budget Increase - Engineering Services
Eagles Nest (Chisholm Trail to Cypress) $ 12,000,000 Budget Increase - Segment 1 (N Mays to Cypress)
Construction & Contingency
Total Adjustments $ 14,200,000
Total Type B Impact $ 16,200,000