R-2026-042 - 2/12/2026 CERTIFICATE FOR RESOLUTION NO. R-2026-042
THE STATE OF TEXAS §
COUNTIES OF TRAVIS AND WILLIAMSON §
CITY OF ROUND ROCK §
We, the undersigned officers and members of the City of Round Rock, Texas (the
"City"), hereby certify as follows:
1. The City Council of the City convened in REGULAR MEETING ON THE 12TH
DAY OF FEBRUARY, 2026 (the "Meeting"), and the roll was called of the duly constituted
officers and members of the City, to-wit:
Craig Morgan, Mayor
Michelle Ly, Place 1
Rene Flores, Place 2
Melissa Fleming, Place 3
Frank Ortega, Place 4
Kristin Stevens, Place 5, Mayor Pro-Tem
Hilda Montgomery, Place 6
and all of the persons were present, except the following: thus
constituting a quorum. Whereupon, among other business, the following was transacted at the
Meeting: a written
RESOLUTION AUTHORIZING THE PUBLICATION OF NOTICE OF INTENTION
TO ISSUE COMBINATION TAX AND LIMITED REVENUE CERTIFICATES OF
OBLIGATION, SERIES 2026 AND OTHER MATTERS RELATED THERETO
was duly introduced for the consideration of the City Council. It was then duly moved and
seconded that the Resolution be passed; and, after due discussion, said motion carrying with it
the passage of the Resolution, prevailed and carried by the following vote:
AYES:
NOES:
2. A true, full and correct copy of the Resolution passed at the Meeting described in
the above and foregoing paragraphs is attached to and follows this Certificate; that the
Resolution has been duly recorded in the City Council's minutes of the Meeting; that the above
and foregoing paragraphs are a true, full and correct excerpt from the City Council's minutes of
the Meeting pertaining to the passage of the Resolution; that the persons named in the above and
foregoing paragraphs are the duly chosen, qualified and acting officers and members of the City
Council as indicated therein; that each of the officers and members of the City Council was duly
and sufficiently notified officially and personally, in advance, of the time, place and purpose of
the Meeting, and that the Resolution would be introduced and considered for passage at the
Round Rock I CO 20261 CO NOI Res Cert
4911-5901-5561,v.2
Meeting, and each of the officers and members consented, in advance, to the holding of the
Meetings for such purpose, and that the Meeting was open to the public and public notice of the
time, place and purpose of the meeting was given, all as required by Chapter 551, Texas
Government Code.
3. The Mayor of the City has approved and hereby approves the Resolution; that the
Mayor and the City Clerk of the City have duly signed the Resolution; and that the Mayor and
the City Clerk of the City hereby declare that their signing of this Certificate shall constitute the
signing of the attached and following copy of the Resolution for all purposes.
Round Rock I CO 20261 CO NOI Res Cert
4911-5901-5561,v.2
SIGNED AND SEALED the 12th day of February, 2026.
CI y Clerk Maydr
Round Rock I CO 20261 CO NOI Res Cert
4911-5901-5561,v.2
RESOLUTION NO. R-2026-042
RESOLUTION AUTHORIZING THE PUBLICATION OF NOTICE OF INTENTION TO
ISSUE COMBINATION TAX AND LIMITED REVENUE CERTIFICATES OF
OBLIGATION,SERIES 2026 AND OTHER MATTERS RELATED THERETO
THE STATE OF TEXAS §
COUNTIES OF TRAVIS AND WILLIAMSON §
CITY OF ROUND ROCK §
WHEREAS, the City Council (the "Council") of the City of Round Rock, Texas (the
"City") has determined that it is in the best interest of the City to proceed with the issuance of
certificates of obligation ("Certificates") to implement certain projects; and
WHEREAS, the City Council of the City finds that the payment in whole or in part
of contractual obligations incurred or to be incurred for the purposes set forth in Exhibit "A"
attached hereto (the "Contractual Obligations") would be beneficial to the inhabitants of the
City and are needed to perform essential City functions; and
WHEREAS, the Council has deemed it advisable to give notice of intention to issue the
Certificates in a maximum principal amount not to exceed $93,100,000 pursuant to the provisions
of the Certificate of Obligation Act of 1971, Section 271.041 et seq., Local Government Code (the
"Act") for the purpose of financing the Contractual Obligations; and
WHEREAS,prior to the issuance of the Certificates, the City is required under the Act to
publish notice of its intention to issue the Certificates in a newspaper of general circulation in the
City and continuously on the City's website, the notice stating: (i) the time and place tentatively
set for the passage of the ordinance authorizing the issuance of the Certificates, (ii)the purpose of
the Certificates, (iii) the manner in which the Certificates will be paid, (iv) the then-current
principal of all outstanding debt obligations of the City; (v) the then-current combined principal
and interest required to pay all outstanding debt obligations of the City on time and in full; (vi)the
maximum principal amount of the Certificates; (vii)the estimated combined principal and interest
required to pay the Certificates on time and in full; (viii) the estimated interest rate for the
Certificates or that the maximum interest rate for the Certificates may not exceed the maximum
legal interest rate; and (ix)the maximum maturity date of the Certificates; and
WHEREAS, the meeting at which this Resolution is adopted was open to the public and
public notice of the time, place and purpose of the meeting was given, all as required by Chapter
551, Texas Government Code, as amended.
NOW,THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF ROUND ROCK,TEXAS:
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Round Rock I CO Series 2026 1 NOI Res
I. Attached hereto as Exhibit "A" is a form of the Notice of Intention to issue the
Certificates,the form and substance of which is hereby adopted and approved.
2. Bond Counsel to the City shall cause the notice to be published in substantially
the form attached hereto, in a newspaper(as defined by Subchapter C, Chapter 2051, Government
Code) that is of general circulation in the City, for two consecutive weeks, the date of the first
publication to be at least 46 days before the date tentatively set for passage of the ordinance
authorizing the issuance of the Certificates.
3. The City Clerk shall cause the notice to be continuously published in substantially
the form attached hereto on the City's website for at least 45 days before the date tentatively set
for the passage of the ordinance authorizing the issuance of the Certificates.
4. The City's Chief Financial Officer and the City's Deputy Chief Financial Officer
along with the City's financial advisor, Specialized Public Finance Inc., and bond counsel are
authorized to proceed with preparing the necessary bond and offering documents to effectuate
the sale of the Certificates and any other public securities of the City anticipated to be sold at or
near the time of the Certificates, including making application to appropriate rating agencies and
bond insurers, if applicable.
5. The City hereby authorizes the disbursement of a fee equal to the lesser of(i) one-
tenth of one percent of the principal amount of each series of the Certificates being issued or (ii)
$9,500 per series, provided that such fee shall not be less than $750, to the Attorney General of
Texas Public Finance Division for payment of the examination fee charged by the State of Texas
for the Attorney General's review and approval of public securities and credit agreements, as
required by Section 1202.004 of the Texas Government Code. The appropriate member of the
City's staff is hereby instructed to take the necessary measures to make this payment. The City is
also authorized to reimburse the appropriate City funds for such payment from proceeds of the
Certificates.
6. This Resolution shall become effective immediately upon adoption. The Mayor
and City Clerk are hereby authorized and directed to execute the certificate to which this Resolution
is attached on behalf ofthe City,and the Mayor, City Clerk and City Manager are further authorized
to do any and all things proper and necessary to carry out the intent of this Resolution.
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Round Rock I CO Series 20261 NOI Res
RESOLVED this 12th day of February, 2026.
ATTEST: CITY OF ROUND ROCK,TEXAS
41 - X f
City Clerk Mayor
City of Round Rock,Texas City of Round ock, Texas
APPROVED AS TO FORM:
'Clity Xttomey
City of Round Rock, Texas
[Signature Page]
Round Rock I CO Series 2026 i NOI Res
EXHIBIT A
NOTICE OF INTENTION TO ISSUE CITY OF ROUND ROCK, TEXAS
COMBINATION TAX AND LIMITED REVENUE CERTIFICATES OF
OBLIGATION, SERIES 2026
NOTICE IS HEREBY GIVEN that it is the intention of the City Council of the City of
Round Rock, Texas, to issue interest bearing Certificates of Obligation of the City (the
"Certificates") for the purpose of paying contractual obligations incurred or to be incurred by the
City for: (1) constructing, expanding and equipping a City public works complex comprised of
office and administrative facilities for City transportation employees and equipment and for
maintenance of City police, fire, utility and transportation vehicles; (2) constructing, improving,
extending, expanding, upgrading and/or developing streets, roads, bridges, sidewalks,
intersections,traffic signalization and other transportation improvement projects including related
waterworks, sewer and drainage improvements, signage, landscaping, irrigation, purchasing any
necessary rights-of-way and other related transportation costs, including, but not limited to
Arterial Bottleneck, Traffic Signals and Sidewalk Improvements, Chisholm Trail North and
South, County Road 112, County Road 118, Deep Wood Drive, Eagles Nest, Gattis School Road
Segments 2, 4, 5, and 6, Greenlawn Boulevard, Harrell Parkway, Kenney Fort Boulevard
Segments 5 & 6, NE Downtown Phase 2, North Mays Gap/Widening, Major Arterial
Maintenance, Old Settlers Boulevard, Red Bud North and South, Sam Bass & Hairy Man Road
Intersection Improvements, US 79, and Wyoming Springs; (3) constructing, improving,
renovating,expanding and equipping Fire Station No. 11;(4)constructing,improving,renovating,
expanding and equipping the City's Public Safety Training Center and driving track; (5)
constructing, improving, renovating, expanding and/or equipping City parks and park facilities
and related costs and acquisition of any necessary right of way or land therefor, including for Old
Settlers Recreation Center (Athletic Performance Center) and Yonders Point Restroom; and (6)
paying related professional services including for construction managers, engineers, architects,
attorneys, auditors, financial advisors, fiscal agents and costs related to issuing the Certificates.
The City Council tentatively proposes to consider for first and final reading at a public
meeting to commence at 6:00 p.m., on the 23`d day of April, 2026 at City Hall, 221 East Main
Street, Round Rock, Texas, 78664, the passage of an ordinance authorizing the Certificates. The
maximum amount of the Certificates that may be authorized for such purpose is$93,000,000. The
City Council presently proposes to provide for the payment of the Certificates from the levy and
collection of ad valorem taxes in the City as provided by law and from the surplus revenues of the
City's combined waterworks,sewer and drainage utility system in an amount not to exceed$1,000,
remaining after payment of all operation and maintenance expenses thereof, and all debt service,
reserve and other requirements in connection with all of the City's revenue bonds or other
obligations (now or hereafter outstanding) which are payable from all or any part of the net
revenues of such system.
The following information is required pursuant to Texas Local Government Code, Section
271.049: As of February 12, 2026, the aggregate principal amount of all outstanding debt
obligations of the City secured by and payable from ad valorem taxes is $418,660,000. As of
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Round Rock I CO Series 20261 N01 Res
February 12, 2026, the combined principal and interest required to pay all outstanding debt
obligations of the City secured by and payable from ad valorem taxes on time and in full is
$602,921,591.88. Such amounts also include debt service on debt the City currently intends to
pay from sources other than ad valorem taxes but that could be paid from ad valorem taxes if such
other sources are not available at the time required for payment.The estimated combined principal
and interest required to pay the Certificates on time and in full is$167,016,277.77. The estimated
interest rate for the Certificates is 5.0%. Such estimates take into account a number of factors,
including the issuance schedule, maturity schedule and the expected ratings of the proposed
Certificates. Such estimated interest rate is provided as a matter of information but is not a
limitation on the interest rate at which the Certificates may be sold. The maximum maturity date
of the Certificates is August 15, 2051.
CITY OF ROUND ROCK, TEXAS
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Round Rock I CO Series 2026 1 NOI Res