TB-2024-008 - 8/22/2024 RESOLUTION NO.TB-2024-008
WHEREAS, pursuant to Sec. 505.152 of the Texas Local Government Code (the "Code,") one
of the purposes of the Round Rock Transportation and Economic Development Corporation("TEDCO")
is to approve and fund the construction and improvement of projects related to ". . . land, buildings,
equipment, facilities . . .required or suitable for use for professional and amateur sports, including
children's sports . . . and public park purposes"; and
WHEREAS,the City of Round Rock has proposed a project to construct several major additions
and improvements to the Old Settlers Park (the "OSP Project"); and
WHEREAS, the OSP Project includes (i) the relocation and reconstruction of the Apex Fields
used for soccer, cricket, football, and other sports, and (ii) the construction of new track and field
facilities adjacent to the recreation center complex, (the"TEDCO Portion") ; and
WHEREAS, pursuant to §505.159 of the Code, the Board of Directors of TEDCO held a public
hearing on the OSP Project and the TEDCO Portion; and
WHEREAS, at said public hearing the Board heard evidence that the OSP Project and the
TEDCO Portion meet the definition of a"project" under the terms of Sec. 505.152, as stated above; and
WHEREAS,the Board of Directors has determined that the TEDCO Portion of the OSP Project
meets the requirements of Sec. 505.152, and should be approved; and
WHEREAS, the Board of Directors wishes for TEDCO to contribute up to the sum of
$15,000,000.00 for the TEDCO Portion; Now Therefore
BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE ROUND ROCK
TRANSPORTATION AND ECONOMIC DEVELOPMENT CORPORATION,
That the TEDCO Portion meets the requirements for a"project"pursuant to Sec. 505.152 of the
Code; and
0112.2024:48867807-8166
BE IT FURTHER RESOLVED,
That TEDCO is authorized to expend up to $15,000,000.00 for the TEDCO Portion of the OSP
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 22nd day of August 2024.
By:
ko'-C-
REJ1E FLORES, Pres'
Round Rock Transportation and Economic
Development Corporation
ATTEST:
RICK VILLARREAL, Secretary
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