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TB-2025-005 - 7/24/2025
RESOLUTION NO. TB-2025-005 RESOLUTION ADOPTING THE 2025-2026 OPERATING BUDGET FOR THE ROUND ROCK TRANSPORTATION AND ECONOMIC DEVELOPMENT CORPORATION WHEREAS, the Board of Directors of the Round Rock Transportation and Economic Development Corporation wishes to adopt an operating budget for fiscal year 2025-2026 in accordance with the attached proposal, Now Therefore BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE ROUND ROCK TRANSPORTATION AND ECONOMIC DEVELOPMENT CORPORATION, That the operating budget for fiscal year 2025-2026 be adopted as set forth in Exhibit "A" attached hereto and incorporated herein for all purposes. 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 24th day of July, 2025. By: REN FLORES, Presi Round Rock Transportation and Economic Development Corporation ATTEST: RICK VILLAR AL, Secretary 0112.20252;4929-5573-7942 EXHIBIT A City of Round Rock Type B Funds 5 Year Estimated Available Actual Projected Estimated Estimated Estimated Estimated Estimated Consolidated Type B Funds FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 Beginning Fund Balance $ 160,261,596 $ 174,927,040 $ 140,052,730 $ 50,942,720 $ 57,058,469 $ 81,939,869 $ 95,867,869 Revenue Sales Tax 30,347,137 31,056,700 31,988,400 32,948,100 33,936,500 34,954,600 36,003,200 Interest 8,439,584 5,740,000 4,201,600 1,213,300 310,800 463,200 497,000 Donations/Contributions 143,702 - - - - - - CAMPO Funding - - 6,259,200 2,840,800 - - - Williamson County Participation 4,114,010 13,620,000 12,499,800 - - - - Estimated Williamson County Participation(Pending ILAs) - 1,320,600 5,000,000 5,895,000 - - - Transportation CO Bond Proceeds 10,158,170 20,000,000 30,000,000 50,000,000 15,000,000 - - Other 10,070 142,900 481,500 - - - - FMV 2,175,085 - - - - - - Total Revenue 55,387,758 71,880,200 90,430,500 92,897,200 49,247,300 35,417,800 36,500,200 Transportation Expenses TCIP Projects 31,974,805 89,045,400 151,200,000 61,340,000 11,200,000 7,200,000 7,200,000 Other Items:Legal,Traffic Signal Maintenance,etc. 790,460 1,337,810 1,352,310 1,194,851 772,900 788,400 804,200 Debt Issuance Costs 156,611 - - - - - - Debt Service Payment(SIB Loan) - - 1,836,100 1,903,900 1,905,200 1,905,900 1,906,000 Subtotal Transportation 32,921,876 90,383,210 154,388,410 64,438,751 13,878,100 9,894,300 9,910,200 Economic Development Expenses Chamber Agreement 1,060,710 900,700 927,700 955,500 984,200 1,013,700 1,044,100 Downtown Improvements&Marketing 173,650 250,200 250,200 250,200 250,200 250,200 250,200 Economic Development Projects-Committed 1,133,333 2,293,300 12,635,000 11,675,000 25,000 - - S Mays Corridor Improvements 65,068 - - - - - - Subtotal Economic Development 2,432,761 3,444,200 13,812,900 12,880,700 1,259,400 1,263,900 1,294,300 Parks and Recreation Expenses OSP APEX Fields 152,566 4,347,400 - - - - - OSP Track&Fields - - 6,800,000 3,700,000 - - - Subtotal Parks and Recreation 152,566 4,347,400 6,800,000 3,700,000 - - - Total Expenses 35,507,203 98,174,810 175,001,310 81,019,451 15,137,500 11,158,200 11,204,500 Net Change in Operations 19,880,555 (26,294,610) (84,570,810) 11,877,749 34,109,800 24,259,600 25,295,700 Transfers and Other Transfer to Debt Service-2024 Road COs - 665,000 655,200 654,100 655,000 655,200 654,900 Transfer to Debt Service-Planned New Debt(P&I) - - 1,364,000 3,407,500 6,805,000 7,837,300 7,841,900 Transfer to General-Administrative Support Services 1,365,000 1,603,000 1,635,000 1,700,400 1,768,400 1,839,100 1,912,700 Transfer to GSFC-Griffith Building Remodel&Paseo 3,481,049 6,311,700 885,000 - - - - Transfer to GSFC-Harrell Parkway 323,917 - - - - - - Transfer to GSFC-NE Downtown Parking Garage 45,145 - - - - - - Total Transfers 5,215,111 8,579,700 4,539,200 5,762,000 9,228,400 10,331,600 10,409,500 Fund Balance 174,927,040 140,052,730 50,942,720 57,058,469 81,939,869 95,867,869 110,754,069 Fund Reserve - (1,000,000) (1,000,000) (1,000,000) (1,000,000) (1,000,000) (1,000,000) Available Fund Balance $ 174,927,040 $ 139,052,730 $ 49,942,720 $ 56,058,469 $ 80,939,869 $ 94,867,869 $ 109,754,069 Potential Uses of Fund Balance Transportation Projects to be Programmed - - 10,500,000 36,200,000 19,800,000 12,800,000 12,800,000 Economic Development Projects in the Pipeline - 500,000 500,000 500,000 500,000 500,000 500,000 Total Potential Uses - 500,000 11,000,000 36,700,000 20,360,000 13,300,000 13,300,000 Cumulative Expense - 500,000 11,500,000 48,200,000 68,500,000 81,800,000 95,100,000 Net Available Fund Balance $ 174,927,040 $ 138,552,730 $ 38,442,720 $ 7,858,469 $ 12,439,869 $ 13,067,869 $ 14,654,069 City of Round Rock Type B Funds TOP&Other Projects 2025 2026 2027 2028 2029 2030 Projected Estimated Estimated Estimated Estimated Estimated Project Detail(TCIP)(Through Approved TCIP#54) 2024 Actuals Actuals Budget Budget Budget Budget Budget Arterial Maintenance $ 4,689,607 $ 4,872,800 $ 9,000,000 $ 5,000,000 $ 5,000,000 $ 5,000,000 $ 5,000,000 Arterial Sidewalks 218,530 720,900 650,000 350,000 350,000 350,000 350,000 Bagdad Improvements(The Depot) 109,696 - - - - - - Bottleneck Program 716,227 916,100 1,750,000 1,250,000 1,250,000 1,250,000 1,250,000 Chisholm Trail at Brushy Creek Sidewalk Connection - 100,000 1,400,000 - - - - Chisholm Trail North(Old Settlers to 1-35 Frontage Road) 70,411 3,716,500 2,200,000 - - - - Chisholm Trail South(Sam Bass to Brushy Creek) 302,857 1,521,600 3,000,000 - - - - County Road 112(AW Grimes to CR 110) 6,127,134 10,452,400 28,000,000 2,500,000 - - - County Road 118 Widening(University to SH 130) 260,430 639,500 2,000,000 600,000 - - - Deep Wood Drive 516 559,200 1,500,000 790,000 - - - Eagles Nest(Creek Bend to Cypress) 1,160,864 266,700 8,500,000 - - - - Gattis School Road Segment 2(Lawnmont to Windy Park Dr) 204,236 731,400 1,700,000 10,000,000 - - - Gattis School Road-Segment 3 922,164 12,365,800 12,000,000 3,000,000 - - - Gattis School Road-Segment 4&5 928,580 971,400 1,600,000 - - - - Gattis School Road-Segment 6 559,072 779,600 9,000,000 10,000,000 4,000,000 - - Greenlawn Blvd(The District) 351,578 1,946,500 8,000,000 6,750,000 - - - Harrell Parkway 1,645,110 12,854,900 20,000,000 - - - - Kenney Ft.Blvd Segment 2&3 3,320,397 2,862,000 - - - - - Kenney Ft.Segment 4 5,432,693 982,400 - - - - - Kenny Ft.Segments 5&6 750,513 1,312,000 1,200,000 700,000 - - - Master Transportation Plan 20,000 - - - - - - McNeil Extension 75,605 1,209,800 - - - - - NE Downtown Phase 2(Sheppard Street) - - 800,000 1,700,000 - - - North Mays Gap/Widening 488,958 2,257,200 1,300,000 500,000 - - - North Mays Street(Paloma to Oakmont) 14,741 - - - - - - Old Settlers Blvd(N Red Bud to CR 110) 1,850,209 7,239,700 8,500,000 - - - - Railroad Quiet Zones 99,080 21,100 - - - - - Red Bud North(US 79 to CR 117) 237,983 7,120,200 12,000,000 11,000,000 - - - Red Bud South 784,105 170,900 200,000 500,000 - - - Sam Bass Road&Hairy Man Road Intersection 167,845 432,100 1,100,000 300,000 - - - SH45 Frontage Roads - - - - - - - Signal Program 288,252 1,051,200 600,000 600,000 600,000 600,000 600,000 Transportation Design and Construction Standards 1,981 - - - - - - University East(AW Grimes to CR 110) 778,117 132,800 - - - - - US 79(IH 35 to AW Grimes) 488 799,500 1,200,000 - - - - Wyoming Springs(Creek Bend Blvd to Old Settlers Blvd) 163,371 10,039,200 12,000,000 5,800,000 - - - Wyoming Springs(Old Settlers to FM 1431) - - 2,000,000 - - - - Retainage for active projects (766,545) TCIP Projects Total 31,974,805 89,045,400 151,200,000 61,340,000 11,200,000 7,200,000 7,200,000 Economic Development NE Downtown Improvements Parking Garage&Land 45,145 - - - - - - Other Griffith Building Remodel&Paseo 3,481,049 6,311,700 885,000 South Mays Corridor 65,068 - - - - - - Economic Development Projects Total 3,591,262 6,311,700 885,000 - - - Parks and Recreation OSP APEX Fields 152,566 4,347,400 - - - - - OSP Track&Fields - - 6,800,000 3,700,000 - - - Parks and Recreation Projects Total 152,566 4,347,400 6,800,000 3,700,000 - - Total Approved Projects $ 35,718,633 $ 99,704,500 $ 158,885,000 $ 65,040,000 $ 11,200,000 $ 7,200,000 $ 7,200,000 Transportation Pending Approval/Pipeline Projects CR 118 - - 4,000,000 6,000,000 2,500,000 - - Deep Wood Drive Budget Increase - - - 11,000,000 - - - Future Transportation Master Plan - - - - 600,000 - Future Transportation Design&Construction Standards - - - - 500,000 - Gattis School Segments 2 Budget Increase - - - - 4,000,000 - - Gattis School Segments 4&5 Budget Increase - - - 11,000,000 5,000,000 - - Harrell Parkway Budget Increase(Phase 3) 6,000,000 N Mays Gap Budget Increase - - - 5,500,000 6,000,000 2,500,000 - Sam Bass Rd&Hairy Man Rd Budget Increase - - 500,000 1,500,000 - - - US 79 Widening Budget Increase - - - 1,200,000 1,200,000 - - Pipeline Projects - - - - - 10,300,000 12,800,000 Transportation Pending Approval/Pipeline Projects Total - - 10,500,000 36,200,000 19,800,000 12,800,000 12,800,000 Total Approved&Pipeline Projects 8 35,718,633 $ 99,704,500 $ 169,385,000 $ 101,240,000 $ 31,000,000 $ 20,000,000 $ 20,000,000 City of Round Rock Type B Funds Economic Incentive Payments 2026 2028 2029 Total Proposed 2027 Estimated Estimated Estimated 2030 Estimated Company Committed Budget Budget Budget Budget Budget Ametrine,Inc $ 69,000 $ 69,000 $ - $ - $ - $ - East Group Properties Phase II 16,000 16,000 - - - - Investex II,LLC 150,000 75,000 50,000 25,000 - - Kingsisle Entertainment - - - - - - Komico Technology 250,000 250,000 - - -The District-Roads/Incentive 23,250,000 11,625,000 11,625,000 - - - Toppan Photomasks 600,000 600,000 - - - - Valex Corportation - - - - - - Total Economic Incentive Payments $ 24,335,000 $ 12,635,000 $ 11,675,000 $ 25,000 $ - $ - In control: Transportation and Economic Development Corporation (Type B) Consider a resolution approving the FY 2025-2026 Operating Budget for Title: the Round Rock Transportation and Economic Development Corporation. On agenda: 7/24/2025 ..Title Consider public testimony regarding, and a resolution approving the FY 2025-2026 Operating Budget for the Round Rock Transportation and Economic Development Corporation. ..Body The Round Rock Transportation and Economic Development Corporation budget is funded from a 1/2% sales tax established for the purposes of providing transportation improvements and economic development activities. The FY2025-2026 Operating Budget will provide funding for debt service and administrative, financial, legal, and engineering services, economic development activities and transportation improvements of the Round Rock Transportation and Economic Development Corporation. The amount allocated to Economic Development purposes includes economic incentive payments, the annual contract with the Chamber of Commerce, and downtown improvements and marketing. The businesses that currently receive Economic Incentive Payments (EIP) from the Type B fund are included in this item. Although the budget is presented as a five-year outlook, the budget is adopted on an annual basis. FY2026 is summarized as follows: Transportation - $158.0 million Programmed TCIP - $151.2 million Other transportation costs - $6.8 million Economic Development - $14.7 million Chamber contract - $0.9 million Downtown improvements maintenance & marketing - $0.3 million Approved incentive payments - $12.6 million Griffith building renovation & Paseo - $0.9 million Parks and Recreation —$6.8 million Old Settlers Park track and fields C:\G ranicus\Legista r5\L5\Temp\5cfd 1c28-4c39-4b38-844c-ff80ddcfde0b.docx