R-2025-163 - 6/26/2025 RESOLUTION NO.R-2025-163
RESOLUTION EXPRESSING OFFICIAL INTENT TO REIMBURSE CERTAIN
EXPENDITURES OF THE CITY OF ROUND ROCK, TEXAS
WHEREAS, the City Council of the City of Round Rock, Texas (the "City") expects to pay
expenditures in connection with the project described in Exhibit A (the "Project") prior to the issuance
contract revenue bonds by the Brushy Creek Regional Utility Authority(`BCRUA")on behalf of the City to
finance the Project; and
WHEREAS, the City finds, considers and declares that the reimbursement of the City for the
payment of such expenditures will be appropriate and consistent with the lawful objectives of the City
and,as such,chooses to declare its intention, in accordance with the provisions of Section 1.150-2 of the
Treasury Regulations, to reimburse itself for such payments at such time as debt is issued to finance the
Project, Now Therefore
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ROUND ROCK,
TEXAS:
Section 1. The City reasonably expects debt to be issued in the form of contract revenue bonds
issued on the City's behalf by BCRUA, or otherwise as one or more separate series of various types
of obligations,with an aggregate maximum principal amount not to exceed$23.6 million for the purpose
of paying the costs of the Project.
Section 2. All costs to be reimbursed pursuant hereto will be capital expenditures. No tax-
exempt obligations will be issued by BCRUA on behalf of the City or otherwise in furtherance of this
Resolution after a date which is later than 18 months after the later of(1) the date the expenditures are
paid or(2)the date on which the property, with respect to which such expenditures were made, is placed
in service.
0112.20252;4920-4740-1036
Section 3.The foregoing notwithstanding, no tax-exempt obligation will be issued by BCRUA
on behalf of the City pursuant to this Resolution or otherwise more than three years after the date any
expenditure which is to be reimbursed is paid.
The City Council 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 26th day of June, 2025.
CRAIORG , Mayor
City o Round ck, Texas
ATTEST:
(� III (I ], I J. ,
PR4ANN, City Clerk
2
EXHIBIT A
PROJECT DESCRIPTION
Expenditures related to the expanding of the BCRUA regional water treatment plant including Phase 2A
of the project expansion from 41.9 MGD to 64.2 MGD.