Loading...
The URL can be used to link to this page
Your browser does not support the video tag.
TB-2024-007 - 7/25/2024
RESOLUTION NO. TB-2024-007 WHEREAS, the Round Rock Transportation and Economic Development Corporation ("RRTEDC") wishes to adopt a Five-Year Funds Allocation Plan for FY 2025-2029 to ensure that adequate funds are available for transportation, economic development and other allowed uses of Type B funds, Now Therefore BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE ROUND ROCK TRANSPORTATION AND ECONOMIC DEVELOPMENT CORPORATION, That the Five-Year Funds Allocation Plan 2025-2029 for the Round Rock Transportation and Economic Development Corporation, attached hereto as Exhibit "A," is hereby approved. 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 July, 2024. By:— REI FLORES, Pre Round Rock Transportation and Economic Development Corporation ATTEST: RICK VILLARREAL, Secretary 0112.20242:4856-6045-2314 EXHIBIT "Alp/t/i 1, City of Round Rock Type B Funds DRAFT-For Discussion Purposes Only 5 Year Estimated Available As of. 7/15/2024 Actual Projected Estimated Estimated Estimated Estimated Estimated Consolidated Type 6 Funds FY 2023 FY 2024t t26 FY 2027 FY 2028r Beginning Fund Balance $ 164,331,600 f 181,091,600 $ 153,722,800 $ 105,438,600 f 82,306,600 $ 73,032,400 $ 123,933,600 Revenue Sales Tax and Estimated Sales Tax 29,372,500 30,310,700 30,056,700 30,976,700 32,412,500 34,492,100 36,216,700 Interest 6,908,300 7,103,500 6,241,000 4,281,000 2,876,000 3,100,000 3,100,000 Donations/contributions 155,500 0 140,300 0 0 0 0 CAMPO Funding 6,268,200 360,000 7,440,000 519,200 0 0 0 Williamson County Participation 5,029,500 5,442,600 14,250,000 8,311,700 571,400 0 0 Estimated Williamson County Participation(Pending II-As) 574,900 4,500,000 1,050,000 1,600,000 100.000 100,000 Transportation CO Bond Proceeds 0 10,000,000 20,000,000 10,000,000 25,000,000 32,000,000 25,000,000 Other 800 0 0 0 0 0 0 Total Revenue 47,734,800 53,791,700 82,628,000 55,138,600 62,459,900 69,692,100 64,416,700 Expenditures Transportation Expenditures 46,302,700 57,373,200 118 849800 80,426,000 34,338.000 11,378,700 10,387,000 Economic Development Expenditures 3,302,600 3,787,500 11.409,200 14,697,900 12,880,700 1,259 400 1,263,900 Debt Service 1,369,300 0 653,200 3,144,500 4,517,600 6,152,800 8,243,900 Total Expenditures 50,974,600 61,160,700 130,912,200 98,268,400 51,736,300 18,790,900 19,894,800 Net Revenues (3,239,800) (7,369,000) (48,284,200) (43,129,800) 10,723,600 50,901,200 44,521,900 Fund Balance 161,091,800 153,722,800 105,438,600 62,308,800 73,032,400 123,933,600 168,455,500 Fund Reserve (1,000,000) (1,000,000) (1,000,000) (1,000,000) (1,000,000) (1,000,000) (1,000,000) Total Potential Uses For Pro 500,000 5,750,000 21,650,000 34,100,000 59,750,000 45,043,300 Net Available Fund Balance S 160,091.800 $ 152,222,800 $ 98,188,600 $ 33,408,800 S 10,032AN__$ 1,193,600 111a.= Fund Balance Check 160,091,700 152,222,700 98,188,500 33,408,700 10,032,300 1,183,500 662,100 (1)FY2024 amount includes$664K for traffic signal maintenance and$50K for legal expenses.Growth of 2%for FY2025-FY2029 (2)FY2025 amount provided by Budget.Growth of 5%for FY2026-FY2029. (3)FY2024 includes one-time additional$185K for a strategic plan.Growth of 3%for FY2024-FY2028 per 3/26/2020 contract with the Chamber(R2020-0069 8 7132020-0003). (4)FY2024-FY2027 amounts are for new projects or significant budget increase not yet approved by the Type B Board.FY2028 8 FY2029 are estimates of potential TCIP funding needs. (5)Includes$15M for potential Old Settlers Park Buildout Overages and$500K a year(FY2025-FY2029)for potential Economic Development commitments. https://roundrocktexas.sharepoint.com/sites/FIN-FinDiv/Division Files/Budget/FY 25/06 Fund Schedules/Type B/Type B FY25 Fund Schedule-6-17-24 City of Round Rock Type B Funds TCIP&Other Roadway Projects 2024 2025 2026 2027 2028 2029 Projected Estimated Estimated Estimated Estimated Estimated Project Detail(TCIP)(Through Approved TCIP#51) 2023 Actuals Actuals Budget Budget Budget Budget Budge Arterial Maintenance $ 3,151,500 $ 8,562,500 $ 5,000,000 $ 5,000,000 $ 5,000,000 $ 5,000,000 $ 5,000,000 Arterial Sidewalks 607,000 689,500 550,000 350,000 350,000 350,000 350,000 Bagdad Improvements(The Depot) 850,000 109,700 - - - - - Bottleneck Program 1,919,800 1,332,300 2,500,000 1,750,000 1,750,000 1,750,000 1,750,000 Chisholm Trail North(A miles N of Old Settlers to I-35 Frontage Road) 732,400 2,003,900 5,983,000 - - - - Chisholm Trail South(Sam Bass to Brushy Creek) 175,500 374,500 450,000 - - - - County Road 112 West(AW Grimes to CR 110) 2,153,600 7,779,600 13,000,000 10,000,000 1,000,000 - - County Road 118 Widening(University to SH 130) - 100,000 600,000 300,000 - - - Deepwood Drive - 649,700 1,000,000 1,200,000 - - - Eagles Nest(Creek Bend to Cypress) 72,400 927,600 8,000,000 900,000 3,200,000 200,000 200,000 Gattis School Rd Segment 2(Lawnmont to Windy Park Dr) 114,300 435,700 600,000 5,000,000 6,600,000 - - Gattis School Road-Segment 3 188,600 4,038,000 12,000,000 10,000,000 2,250,000 - - Gattis School Road-Segments 4&5 - 400,000 600,000 1,000,000 - - - Gattis School Road-Segment 6 1,130,600 1,588,700 9,500,000 5,250,000 2,000,000 - - Greenlawn Blvd(The District) 95,500 547,100 6,200,000 300,000 - - - Harrell Parkway - 4,500,000 20,000,000 10,000,000 - - - Joyce Lane 800 477,700 - - - - - Kenney Ft.Blvd.Seg 2&3 7,324,000 5,891,100 - - - - - Kenney Ft.Segment 4 9,433,100 5,625,300 - - - - - Kenney Fort Segments 5&6 472,900 562,500 600,000 800,000 2,000,000 - - Master Transportation Plan 599,600 24,100 - - - 600,000 - McNeil Extension 829,800 200,000 1,085,500 - - - - Neighborhood Connectivity - - - 850,000 - - - North Mays Gap/Widening 104,500 446,200 600,000 3.500,000 - - - North Mays Street(Paloma to Oakmont) - 9,200 - - - - - Northeast Downtown Improvements 848,900 - - - - - - Nutty Brown&Oakmont Drive Extension 13,900 - - - - - - Old Settlers Blvd(N Red Bud to CR 110) 2,127,800 1,790,000 7,000,000 4,800,000 - - - Railroad Quiet Zones 34,400 375,300 - - - - - Red Bud North(US 79 to CR 117) 144,700 1,219,700 9,000,000 4,250,000 - - - Red Bud South 912,200 2,205,000 650,000 1,500,000 - - - Sam Bass Rd&Hairy Man Rd Intersection Improvements - 100,000 600,000 300,000 - - - SH45 Frontage Roads - - - - 5,212,900 - - Signal Program 903,200 339,500 1,000,000 450,000 350,000 350,000 350,000 Transportation Design and Construction Standards 31,300 168,700 - - - 500,000 - University Blvd 5,064,700 - - - - - - University East(AW Grimes to CR 110 4,113,100 1,042,900 - - - - - US 79(IH 35 to AW Grimes) - 500,000 1,500,000 - - - - Wyoming Springs 120,700 278,200 8,500,000 10,500,000 2,100,000 - - Retainage for active projects 293,300 - - - - - TCIP Projects Total 44,564,100 55,294,200 116,518,500 78,000,000 31,812,900 8,750,000 7,650,000 Economic Development NE Downtown Improvements Parking Garage&Land 923,000 45,100 - - - - - Parking Garage Retainage (432,200) - - - - - Dry Utilities&Contingency 154,200 - - - - - Other Griffith Building Remodel&Paseo - 1,234,400 7965,000 885.000 - - - S Mays Corridor 1,177,700 65,000 - Economic Development Projects Total 1,822,700 1,344,500 7,965,000 885,000 - - - Total Approved Projects $ 46,386.800 $ 56,638,700 $ 124,483,500 $ 78.885,000 $ 31,812,900 $ 8,750,000 $ 7,650,000 Transportation Pending Approval/Pipeline Projects Total - 500,000 5,250,000 21.150,000 28,600,000 49,250,000 44,543,300 Total Approved&Pipeline Projects $ 46,386,800 $ 57,138,700 $ 129,733,500 $ 100,035,000 $ 60,412,900 $ 58,000,000 S 52,193,300 https://roundrocktexas.sharepoint.com/sites/FrN-FinDiv/Division Files/Budget/FY 25/06 Fund Schedules/Type B/Type B FY25 Fund Schedule-6-17-24 City of Round Rock Type B Funds Economic Incentive Payments 2025 2026 2027 2028 2029 Total Proposed Estimated Estimated Estimated Estimated Company Committed Budget Budget Budget Budget Budget Ametrine,Inc $ 138,000 $ 69,000 $ 69,000 $ - $ - $ - East Group Properties Phase II 32,000 16,000 16,000 Investex II,LLC 250,000 100,000 75,000 50,000 25,000 Kingsisle Entertainment 33,300 33,300 - - - Komico Technology 500,000 250,000 250,000 - The Distrcit-Roads/Incentive 25,000,000 1,750,000 11,625,000 11,625,000 Toppan Photmasks 600,000 - 600,000 - Valex Corporation 75,000 75,000 - - - Total Economic Incentive Payments $ 26,628,300 $ 2,293,300 $ 12,635,000 $ 11,675,000 $ 25,000 $