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R-02-03-14-13D6 - 3/14/2002Mr. Kevin J. Maguire Strasburger & Price, LLP 901 Main Street, Suite 4300 Dallas, TX 75202 -3794 SLS /jg Enclosures Re: Cities of Denton, et al v. Texas Utilities Company, et al Cause No. 2000 - 60109 -393 Dear Mr. Maguire: Enclosed herewith please find originally executed "Compromise, Settlement and Release Agreement" which was approved by the City of Round Rock's City Council on August 8, 2002. We anticipate having the resulting franchise ordinance amendments passed in September, and will advise when we have completed that process. We inadvertently had only one original executed of the Settlement Agreement, rather than multiple originals, so we ask that you please send a copy back to us after final execution so that our records will be complete. Thank you. C :1EXTAMfl2 WPD/jkg August 20, 2002 Sincerely, Stephan L. Sheets COMPROMISE, SETTLEMENT AND RELEASE AGREEMENT This Compromise, Settlement, and Release Agreement (the "Agreement ") is made and entered into as of the date set forth below by and between the City of Round Rock (the "City ") and TXU Electric Company n/k/a TXU US Holdings Company ( "TXU Electric "), TXU Gas Company ("TXU Gas ") and TXU Corp. (collectively sometimes referred to as the "TXU Defendants "): WHEREAS, there is currently pending in the 134`" Judicial District Court of Dallas County, Texas, in Cause No. 00 -9383, a suit styled City of Denton, Texas et al. vs. TXU Electric Company, et al. (the "Litigation ") which includes claims by the City against the TXU Defendants arising out of the electric and gas franchise ordinances entered into by and between the City and TXU Electric and TXU Gas and, specifically, a dispute with regard to the amount of franchise fees paid to the City by TXU Electric and TXU Gas; WHEREAS, the City and the TXU Defendants have compromised and settled all claims asserted in the Litigation; NOW, THEREFORE, in order to settle and finally resolve the causes of action asserted in the Litigation and to fully and finally resolve all disputes and claims arising out of the calculation and payment of franchise fees to the City by TXU Electric and TXU Gas prior to and through December 31, 2001, for the mutual promises and covenants set forth in this Agreement, the adequacy and sufficiency of which consideration is acknowledged, and, without the TXU Defendants having admitted any of the validity of any allegations made in the Litigation, the City and the TXU Defendants agree as follows: 1. AMENDMENTS TO THE ELECTRIC FRANCHISE ORDINANCE As the result of electric industry restructuring, the electric franchise formerly held by TXU Electric has been assigned to Oncor Electric Delivery Company ( "Oncor "), accordingly, effective January 1, 2002, the City agrees to enter into and TXU Electric agrees to cause Oncor to COMPROMISE, SETTLEMENT AND RELEASE AGREEMENT- Pave I accept an amendment to the current electric franchise ordinance substantially in the form of the amendment attached as Exhibit A which amendment shall, at the election of the City, provide that the Discretionary Services Charges identified in Section 6.1.2 of the Tariff for Retail Delivery applicable to Oncor which are directly paid by the customer and which are those charges identified as items DD1 through and inclusive of DD24 in said tariff, shall be subject to an additional franchise fee based on 4% of such charges which additional franchise fee shall be paid to the City pursuant to the terms of the amendment attached as Exhibit A. The City acknowledges that Oncor may file with the Texas Public Utility Commission and/or the City a tariff amendment in compliance with the terms of this agreement, which will provide that Oncor shall have the right to collect from the customer the franchise fee on such Discretionary Service Charges such that the customer shall bear 100% of the franchise fee on such Discretionary Service Charges. The City acknowledges that Oncor is an intended third -party beneficiary of this agreement and agrees to cooperate with Oncor in order for Oncor to pass through to customers the entire franchise fee on such Discretionary Service Charges by taking the following actions: (i) to the extent the City acts as regulatory authority, by adopting and approving that portion of any tariff in compliance with the terms of this Agreement which provides for 100% recovery of such franchise fees; (ii) in the event the City intervenes in any regulatory proceeding before a federal or state agency in which the recovery of the franchise fees on such Discretionary Service Charges is an issue, the City will take an affirmative position supporting the 100% recovery of such franchise fees by Oncor and; (iii) in the event of an appeal of any such regulatory proceeding in which the City has intervened, the City will take an affirmative position in any such appeals in support of the 100% recovery of such franchise fees by Oncor. The City further agrees not to take any action to prevent the recovery of the franchise fees on such Discretionary Service Charges by Oncor and to take other action which may be reasonably requested by Oncor to provide for the 100% recovery of such franchise fees by Oncor. COMPROMISE, SETTLEMENT AND RELEASE AGREEMENT - Pagel 2. AMENDMENTS TO THE GAS FRANCHISE ORDINANCE Effective January 1, 2002, the City agrees to enact and TXU Gas agrees to accept an amendment to the current gas franchise ordinance substantially in the form of the amendment attached as Exhibit B to provide that, at the election of the City, the franchise fee will increase to a maximum of4.00% of the applicable franchise fee payment base and, at the election of the City, the franchise fee payment base shall be amended to include miscellaneous fees, contributions in aid of construction, bad debt expense, transportation revenues and third -party gas sales and gross receipts fees as well as a favored nations clause with respect to franchise fee payments and franchise fee calculations, substantially in the form of the provisions in Exhibit B. The City acknowledges that TXU Gas has the right to recover from its ratepayers such additional franchise fee payments to the City and the City agrees to cooperate with TXU Gas in order for TXU Gas to pass through to its ratepayers the entire franchise fee payment, as amended, by taking the following actions: (i) as regulatory authority, by adopting and approving the ordinance, rates or tariff which provide for 100% recovery of such franchise fees as part of TXU Gas' rates; (ii) in the event the City intervenes in any regulatory proceeding before a federal or state agency in which the recovery of TXU Gas' franchise fees is an issue, the City will take an affirmative position supporting 100% recovery of such franchise fees by TXU Gas and; (iii) in the event of an appeal of any such regulatory proceeding in which a City has intervened, the City will take an affirmative position in any such appeals in support of the 100% recovery of such franchise fees by TXU Gas. The City further agrees not to take any action to prevent the recovery of such franchise fees by TXU Gas and to take other action which may be reasonably requested by TXU Gas to provide for the 100% recovery of such franchise fees from TXU Gas' ratepayers. COMPROMISE, SETTLEMENT AND RELEASE AGREEMENT - Nee 3 3. PAYMENTS TO THE CITY Upon execution and delivery of a fully executed and notarized original of this Agreement and conditioned upon the dismissal of the Litigation with prejudice as provided by Paragraph 5: A. TXU Gas agrees to pay to the City by payment to its attorneys, Strasburger & Price, the sum of $94,310.00 the same being City's share of an aggregate sum of exactly $2,000,000.00 which TXU Gas agreed to pay to the Plaintiffs in the Litigation, which $2,000,000.00 amount is calculated by multiplying the general business revenues received by TXU Gas in the calendar year 2000 in the City in which TXU Gas did business in the aggregate amount of $165,591,132.80 by a factor equal to 0.0120779414. The City acknowledges that TXU Gas has the right to and shall recover the portion of the $2,000,000.00 amount actually paid to the Plaintiffs in connection with the settlement of the Litigation from its ratepayers pursuant to the tax adjustment clause applicable to TXU Gas, by applying a surcharge to the monthly bills rendered to its ratepayers, provided that the recovery of such surcharge shall be limited as follows: (1) the surcharge shall be amortized over a period not less than three years, and (2) the accrual balance will not be subject to interest. TXU Gas agrees that the franchise fee paid to the City and recovered from ratepayers under this Agreement will not include any amounts collected in the past from ratepayers. B. TXU Electric agrees to pay or cause Oncor to pay the City, by payment to its attomeys, Strasburger & Price, the sum of $76,013.00 the same being City's share of an aggregate sum of exactly $1,000,000.00 which TXU Electric agreed to pay to the Plaintiffs in settlement of the Litigation, which $1,000,000.00 is calculated by multiplying the general business revenues received by TXU Electric in the calendar COMPROMISE SETTLEMENT AND RELEASE AGREEMENT - Pace 4 year 2000 in the City in which TXU Electric did business in the aggregate amount of $1,149,561,767.63 by a factor equal to 0.000869897. C. The TXU Defendants agree and expressly represent that none of the amounts set forth in paragraphs 3(B) and 4 shall be recovered from ratepayers pursuant to a tax adjustment clause or by applying a surcharge to the monthly bills rendered to ratepayers, or otherwise "passed thru" to ratepayer(s). 4. FEES AND EXPENSE REIMBURSEMENT Upon execution and delivery of a fully executed and notarized original of this Agreement and conditioned upon the dismissal of the Litigation with prejudice as provided by Paragraph 5, the TXU Defendants agree to pay and/or cause Oncor to pay the City, by payment to its attorneys, Strasburger & Price, the sum of $18,342.30 the same being City's share of an aggregate sum of exactly $915,000 which the TXU Defendants agreed to pay to the Plaintiffs to reimburse the Plaintiffs for attorneys' fees and expenses incurred in the Litigation. 5. DISMISSAL OF THE LITIGATION The parties recognize and agree that this settlement is a full settlement of all claims asserted or which could have been asserted by the City against TXU Electric, TXU Gas and TXU Corp. in the Litigation related to the calculation or payment of franchise fees prior to and through December 31, 2001 and the parties agree that, in connection with such settlement, they will jointly file with the Court having jurisdiction of the Litigation appropriate pleadings in order to dismiss the Litigation with prejudice as to the City, with the order of dismissal to provide that costs of court will be taxed against the party incurring the same and be substantially in the form of the Agreed Order attached as Exhibit C. COMPROMISE SETTLEMENT AND RELEASE AGREEMENT- Pagj 6. RELEASE OF THE TXU DEFENDANTS BY THE CITY Except for claims arising out of a breach of this Agreement, the City of Round Rock, on behalf of itself and its successors and assigns and any and all persons, entities or municipalities claiming by, through or under them, hereby RELEASES, DISCHARGES AND ACQUITS, forever and for all purposes, TXU Electric Company (now known as TXU US Holdings Company), its successor Oncor Electric Delivery Company, TXU Gas Company, including its division TXU Gas Distribution, TXU Corp. and each of their respective agents, employees, officers, directors, shareholders, partners, insurers, attomeys, legal representatives, successors and assigns as well as their affiliated corporations, including TXU Business Services Company and TXU Energy Company LLC and its subsidiaries, from and against any and all liability which they now have, have had or may have, and all past, present and future actions, causes of action, claims, demands, damages, costs, expenses, compensation, losses and attorneys' fees of any kind or nature whatsoever, or however described, whether known or unknown, fixed or contingent, in law or in equity, whether asserted or unasserted, whether in tort or contract, whether now existing or accruing in the future arising out of or related to the payment, calculation or rendition of franchise fees to the City on or before December 31, 2001 and all claims which were asserted against the TXU Defendants in the Litigation or which could have been alleged against the TXU Defendants in the in the Litigation in any way related to the payment, calculation or rendition of franchise fees by the TXU Defendants on or before December 31, 2001. This release is intended to only release claims related to the payment, calculation or rendition of franchise fees by the TXU Defendants on or before December 31, 2001 and is not intended to release any other claim or cause of action that any party to this Agreement has, known or unknown, or which accrues in the future. COMPROMISE. SETTLEMENT AND RELEASE AGREEMENT - Paee 6 7. WARRANTY AS TO OWNERSHIP OF CLAIMS AND AUTHORITY A. The City warrants and represents that it is the owner of the claims being compromised, settled, discharged and released pursuant to this Agreement and each further warrants and represents that it has not previously assigned all or any part of such claims to another entity or person. The City warrants and represents that there are no liens of any nature, assignments or subrogation interests in or to the money paid to the City under the terms of this Agreement. B. The TXU Defendants warrant that the person(s) executing this Agreement on their behalf has authority to bind the entity for whom such person signs this Agreement. 8. NO ADMISSION OF LIABILITY This Agreement is made to compromise, terminate and to constitute an accord and satisfaction of all of the claims released by this Agreement and the TXU Defendants admit no liability, fault or wrongdoing of any nature or kind whatsoever and expressly deny and disclaim any liability, fault or wrongdoing alleged or which could have been alleged with regard to the claims asserted in the Litigation. 9. RECOVERY OF DAMAGES DUE TO BREACH In the event of breach by any party of the terms and conditions of this Agreement, a non- breaching party shall be entitled to recover all expenses as a result of such breach, including, but not limited to, reasonable attorneys' fees and costs. MISCELLANEOUS PROVISIONS 10. It is understood and agreed that all agreements and understandings by and between the parties to this Agreement with respect to the Litigation, the settlement of the Litigation and the payment of franchise fees are expressly embodied in this Agreement and that this Agreement supersedes any and all prior agreements, arrangements or understandings between the parties relating to the claims COMPROMISE, SETTLEMENT AND RELEASE AGREEMENT - Paee 7 released pursuant to this Agreement or any matters related thereto executed by the parties, including the Memorandum of Understanding dated January 31, 2002 signed by counsel for the Plaintiffs and the TXU Defendants. 11. The parties acknowledge and agree that the terms of this Agreement are all contractual and not mere recitals. 12. The parties acknowledge that they have read this Agreement, understand its terms, and that this Agreement is entered into voluntarily, without duress, and with full knowledge of its legal significance. 13. This Agreement may not be modified in any manner, nor may any rights provided for herein be waived, except by an instrument in writing signed by each party. 14. This Agreement shall be binding upon and shall inure to the benefit of the parties and their respective successors and assigns. 15. Should any term or any provision of this Agreement be declared invalid by a court of competent jurisdiction, the parties agree that all other terms of this Agreement are binding and have full force and effect as if the invalid portion had not been included. 16. The parties represent and warrant that no party has been induced to enter this Agreement by a statement, action or representation of any kind or character made by the persons or entities released under this Agreement or any person or persons representing them, other than those expressly made in this Agreement. 17. It is understood and agreed that this Agreement may be executed in a number of identical counterparts, each of which shall be deemed an original for all purposes. 18. The headings contained herein are for convenience and reference only and are agreed, in no way, to define, describe, extend or limit the scope or intent of this Agreement or its provisions. 19. This Agreement shall be construed in accordance with the laws of the State of Texas. COMPROMISE, SETTLEMENT AND RELEASE AGREEMENT - Page 8 set forth. IN WITNESS WHEREOF, this Agreement has been executed by the parties as of the date COMPROMISE, SETTLEMENT AND RELEASE AGREEMENT - Page 9 THE CITY OF ROUND ROCK, TE By: Its: Date: By: Its: Date: TXU CORP. By: Its: Date: By: Its: Date: g— 0.21 TXU ELECTRIC COMPANY n /k/a TXU US HOLDINGS COMPANY TXU GAS COMPANY yoR.. STATE OF TEXAS COUNTY OF TRAVIS This instrument was acknowled ed before me on the 4 u6u 20 g 1� day of -3�e 2002, by N yLE m AXW6LL., as /114 yot, on behalf of the City of Round Rock, Texas. CHRISTINE N. MARTINEZ MY COMMISSION EXPIRES Algust 28,2005 STATE OF TEXAS COUNTY OF DALLAS This instrument was acknowledged before me on the day of June 2002, by , of TXU Electric Company n/k/a TXU US Holdings Company, on behalf of said corporation. COMPROMISE SETTLEMENT AND RELEASE AGREEMENT - Pale ]0 Notary Public, State of Texas Notary Public, State of Texas COUNTY OF DALLAS § STATE OF TEXAS This instrument was acknowledged before me on the day of June 2002, by , of TXU Gas Company, on behalf of said corporation. STATE OF TEXAS § COUNTY OF DALLAS § COMPROMISE, SETTLEMENT AND RELEASE AGREEMENT - Page 11 Notary Public, State of Texas This instrument was acknowledged before me on the day of June 2002, by , of TXU Corp., on behalf of said corporation. Notary Public, State of Texas ORDINANCE NO. AN ORDINANCE AMENDING THE EXISTING ELECTRIC FRANCHISE BETWEEN THE CITY AND ONCOR ELECTRIC DELIVERY COMPANY, TO PROVIDE FOR A DIFFERENT CONSIDERATION; PROVIDING AN EFFECTIVE DATE; PROVIDING FOR ACCEPTANCE BY ONCOR ELECTRIC DELIVERY COMPANY; FINDING AND DETERMINING THAT THE MEETING AT WHICH THIS ORDINANCE IS PASSED IS OPEN TO THE PUBLIC AS REQUIRED BY LAW. WHEREAS, Oncor Electric Delivery Company, successor in interest to TXU Electric Company (hereinafter called "Oncor ") is engaged in the business of providing electric utility service within the City and is using the public streets, alleys, grounds and rights -of -ways within the City for that purpose under the terms of a franchise ordinance heretofore duly passed by the governing body of the City and duly accepted by Oncor; and WHEREAS, the City and Oncor desire to amend said franchise ordinance to provide for a different consideration; NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF , TEXAS: that SECTION 1: The existing electric franchise ordinance between the City and Oncor Electric Delivery Company is amended as follows: A. Effective January 1, 2002, the franchise fee due from Oncor shall be a sum comprised of the following: (1) a charge, as authorized by Section 33.008(b) of PURA, based on each kilowatt hour of electricity delivered by Oncor to each retail customer whose consuming facility's point of delivery is located within the City's municipal boundaries and as specified by Oncor to the City by letter dated January 21, 2002. (a) The franchise fee due pursuant to Section 33.008(b) of PURA shall be payable in accordance with the existing electric franchise; and (2) a sum equal to four percent (4 %) of gross revenues received by Oncor from services identified in its "Tariff for Retail Delivery Service ", Section 6.1.2, "Discretionary Service Charges," items DD1 through DD24, that are for the account or benefit of an end -use retail electric consumer. EXHIBIT A (1) (a) The franchise fee amounts based on "Discretionary Service Charges" shall be calculated on an annual calendar year basis, i.e., from January 1 through December 31 of each calendar year. (b) The franchise fee amounts that are due based on "Discretionary Service Charges" shall be paid at least once annually on or before April 30 each year based on the total "Discretionary Service Charges" received during the preceding calendar year. B. Oncor Franchise Fee Recovery Tariff Oncor may file a tariff amendment(s) to provide for the recovery of the franchise fee on Discretionary Service Charges. (2) City agrees (i) to the extent the City acts as regulatory authority, to adopt and approve that portion of any tariff which provides for 100% recovery of the franchise fee on Discretionary Service Charges; (ii) in the event the City intervenes in any regulatory proceeding before a federal or state agency in which the recovery of the franchise fees on such Discretionary Service Charges is an issue, the City will take an affirmative position supporting the 100% recovery of such franchise fees by Oncor and; (iii) in the event of an appeal of any such regulatory proceeding in which the City has intervened, the City will take an affirmative position in any such appeals in support of the 100% recovery of such franchise fees by Oncor. (3) City agrees that it will take no action, nor cause any other person or entity to take any action, to prohibit the recovery of such franchise fees by Oncor. SECTION 2: In all respects, except as specifically and expressly amended by this ordinance, the existing effective franchise ordinance heretofore duly passed by the governing body of the City and duly accepted by Oncor shall remain in full force and effect according to its terms until said franchise ordinance terminates as provided therein. SECTION 3: This ordinance shall take effect upon its final passage and Oncor's acceptance. Oncor shall, within thirty (30) days from the passage of this ordinance, file its written acceptance of this ordinance with the Office of the City Secretary in substantially the following form: To the Honorable Mayor and City Council: Oncor Electric Delivery Company, acting by and through the undersigned authorized officer, hereby accepts in all respects, on this the day of Page 2 of 3 ATTEST: City Secretary APPROVED AS TO FORM: City Attorney , 20 , Ordinance No. amending the current electric franchise between the City and Oncor and the same shall constitute and be a binding contractual obligation of Oncor and the City. Oncor Electric Delivery Company By Vice President SECTION 4. It is hereby officially found and determined that the meeting at which this Ordinance is passed is open to the public as required by law and that public notice of the time, place and purpose of said meeting was given as required. PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF , TEXAS , this the day of , 2002, at which meeting a quorum was present and voting. Mayor Page 3 of 3 ORDINANCE NO. AN ORDINANCE AMENDING THE EXISTING GAS FRANCHISE BETWEEN THE CITY AND TXU GAS COMPANY, TO PROVIDE FOR A DIFFERENT CONSIDERATION AND TO AUTHORIZE THE LEASE OF FACILITIES WITHIN THE CITY'S RIGHTS -OF -WAY; PROVIDING AN EFFECTIVE DATE; PROVIDING FOR ACCEPTANCE BY TXU GAS COMPANY; FINDING AND DETERMINING THAT THE MEETING AT WHICH THIS ORDINANCE IS PASSED IS OPEN TO THE PUBLIC AS REQUIRED BY LAW. WHEREAS, TXU Gas Company (hereinafter called "TXU Gas ") is, through its TXU Gas Distribution division, engaged in the business of furnishing and supplying gas to the general public in the City, including the transportation, delivery, sale, and distribution of gas in, out of, and through the City for all purposes, and is using the public streets, alleys, grounds and rights - of -ways within the City for that purpose under the terms of a franchise ordinance heretofore duly passed by the governing body of the City and duly accepted by TXU Gas; and WHEREAS, the City and TXU Gas desire to amend said franchise ordinance to provide for a different consideration and to authorize the lease of facilities within the City's rights -of- way; NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF , TEXAS: that SECTION 1: The existing gas franchise ordinance between the City and TXU Gas Company is amended as follows: A. Effective January 1, 2002, the consideration payable by TXU Gas for the rights and privileges granted to TXU Gas by the franchise ordinance heretofore duly passed by the governing body of this City and duly accepted by TXU Gas is hereby changed to be four percent (4 %) of the Gross Revenues, as defined in Section 1.B. below, received by TXU Gas. B. "Gross Revenues" shall mean all revenue derived or received, directly or indirectly, by the Company from or in connection with the operation of the System within the corporate limits of the City and including, without limitation: (1) all revenues received by the Company from the sale of gas to all classes of customers within the City; EXHIBIT B (2) all revenues received by the Company from the transportation of gas through the pipeline system of Company within the City to customers located within the City; (3) the value of gas transported by Company for Transport Customers through the System of Company within the City ( "Third Party Sales "), with the value of such gas to be reported by each Transport Customer to the Company, provided, however, that should a Transport Customer refuse to furnish Company its gas purchase price, Company shall estimate same by utilizing TXU Gas Distribution's monthly industrial Weighted Average Cost of Gas, as reasonably near the time as the transportation service is performed; and (4) "Gross revenues" shall include: (5) (a) other revenues derived from the following `miscellaneous charges': i. charges to connect, disconnect, or reconnect gas within the City; charges to handle returned checks from consumers within the City; iii. such other service charges and charges as may, from time to time, be authorized in the rates and charges on file with the City; and iv. contributions in aid of construction" ( "CIAC "); (b) revenues billed but not ultimately collected or received by the Company; and, (c) gross receipts fees. "Gross revenues" shall not include: (a) the revenue of any Person including, without limitation, an affiliate, to the extent that such revenue is also included in Gross Revenues of the Company; (b) sales taxes; and (c) any interest income eamed by the Company; and Page 2 of 5 (d) all monies received from the lease or sale of real or personal property, provided, however, that this exclusion does not apply to the lease of facilities within the City's right of way unless the lessee is also an entity that pays franchise fees to the City. C. Calculation and Payment of Franchise Fees Based on CIAC (1) The franchise fee amounts based on "Contributions in aid of Construction" ( "CIAC ") shall be calculated on an annual calendar year basis, i.e., from January 1 through December 31 of each calendar year. (2) The franchise fee amounts that are due based on CIAC shall be paid at least once annually on or before April 30 each year based on the total CIAC recorded during the preceding calendar year. D. Effect of Other Municipal Franchise Ordinance Fees Accepted and Paid by TXU Gas (1) If TXU Gas should at any time after the effective date of this Ordinance agree to a new municipal franchise ordinance, or renew an existing municipal franchise ordinance, with another municipality, which municipal franchise ordinance determines the franchise fee owed to that municipality for the use of its public rights -of -way in a manner that, if applied to the City, would result in a franchise fee greater than the amount otherwise due City under this Ordinance, then the franchise fee to be paid by TXU Gas to City pursuant to this Ordinance shall be increased so that the amount due and to be paid is equal to the amount that would be due and payable to City were the franchise fee provisions of that other franchise ordinance applied to City. (2) The provisions of this Subsection D apply only to the amount of the franchise fee to be paid and do not apply to other franchise fee payment provisions, including without limitation the timing of such payments. E. TXU Gas Franchise Fee Recovery Tariff (1) TXU Gas may file with the City a tariff amendment(s) to provide for the recovery of the franchise fees under this amendment. (2) City agrees that (i) as regulatory authority, it will adopt and approve the ordinance, rates or tariff which provide for 100% recovery of such franchise fees as part of TXU Gas' rates; (ii) if the City intervenes in any regulatory proceeding before a federal or state agency in which the Page 3 of 5 (3) recovery of TXU Gas' franchise fees is an issue, the City will take an affirmative position supporting 100% recovery of such franchise fees by TXU Gas and; (iii) in the event of an appeal of any such regulatory proceeding in which the City has intervened, the City will take an affirmative position in any such appeals in support of the 100% recovery of such franchise fees by TXU Gas. City agrees that it will take no action, nor cause any other person or entity to take any action, to prohibit the recovery of such franchise fees by TXU Gas. F. Lease of Facilities Within City's Rights -of -Way. TXU Gas shall have the right to lease, license or otherwise grant to a party other than TXU Gas the use of its facilities within the City's public rights -of -way provided: (i) TXU Gas first notifies the City of the name of the lessee, licensee or user; the type of service(s) intended to be provided through the facilities; and the name and telephone number of a contact person associated with such lessee, licensee or user and (ii) TXU Gas makes the franchise fee payment due on the revenues from such lease pursuant to Sections I.A. and I.B. of this Ordinance. This authority to Lease Facilities Within City's Rights -of -Way shall not affect any such lessee, licensee or user's obligation, if any, to pay franchise fees. SECTION 2: In all respects, except as specifically and expressly amended by this ordinance, the existing effective franchise ordinance heretofore duly passed by the governing body of the City and duly accepted by TXU Gas shall remain in full force and effect according to its terms until said franchise ordinance terminates as provided therein. SECTION 3: This ordinance shall take effect upon its final passage and TXU Gas' acceptance. TXU Gas shall, within thirty (30) days from the passage of this ordinance, file its written acceptance of this ordinance with the Office of the City Secretary in substantially the following form: To the Honorable Mayor and City Council: TXU Gas Distribution, a division of TXU Gas Company, acting by and through the undersigned authorized officer, hereby accepts in all respects, on this the day of , 20 , Ordinance No. amending the current gas franchise between the City and TXU Gas and the same shall constitute and be a binding contractual obligation of TXU Gas and the City. Page 4 of 5 SECTION 4. It is hereby officially found and determined that the meeting at which this Ordinance is passed is open to the public as required by law and that public notice of the time, place and purpose of said meeting was given as required. PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF TEXAS , this the _ day of , 2002, at which meeting a quorum was present and voting.. ATTEST: City Secretary APPROVED AS TO FORM: City Attorney TXU Gas Distribution A division of TXU Gas Company By Vice President Mayor Page 5 of 5 CITY OF DENTON, TEXAS, et al., Plaintiffs, vs. TXU ELECTRIC COMPANY, et al., Defendants. NO. 009383 IN THE DISTRICT COURT DALLAS COUNTY, TEXAS 134 JUDICIAL DISTRICT AGREED ORDER OF DISMISSAL WITH PREJUDICE AS TO THE CITY OF ROUND ROCK On this day, came on to be considered the above - referenced cause and Plaintiff, the City of Round Rock, and Defendants, by and through their respective attorneys of record, announced that the parties have compromised and settled their disputes and moved that this action be dismissed with prejudice as to the City of Round Rock; IT IS, THEREFORE, ORDERED, ADJUDGED AND DECREED that the above - styled and numbered cause of action is dismissed with prejudice to the refiling of same as to the City of Round Rock, that all costs incurred are taxed against the party incurring same, and that any and all relief requested by the City of Round Rock not expressly granted herein is denied. SIGNED this day of 2002. JUDGE PRESIDING EXHIBff C APPROVED AND AGREED AS TO FORM AND CONTENT: STRASBURGER & PRICE, L.L.P. By: Kevin J. Maguire State Bar No. 12827900 ATTORNEY FOR PLAINTIFF HUNTON & WILLIAMS By: David P. Poole State Bar No. 16123750 ATTORNEY FOR DEFENDANTS TXU ELECTRIC COMPANY TXU GAS COMPANY AND TXU CORP. AGREED ORDER OF DISMISSAL — Page 2 RESOLUTION NO. R- 02- 03- 14 -13D6 WHEREAS,on January 31, 2002, the Texas Transportation Commission (TTC) approved the proposed rules for Regional Mobility Authorities and Financing Toll Projects, and WHEREAS,the TTC invited written comments on the proposed rules be submitted to it on or before March 18, 2002, and WHEREAS, the City Council wishes to provide its comments on the proposed rules as set forth in Exhibit "A ", attached hereto and incorporated herein, Now Therefore BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS, That the City Council hereby authorizes the Mayor to submit to the TTC the City of Round Rock's comments to the proposed rules as set forth in Exhibit "A ". 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. ATTEST: RESOLVED this 14th day of Ma CHRISTINE R. MARTINEZ, City Secre 2 RO 02. A. STLUKA, f ., Mayor City of Round Rock, Texas subdivisions; and organizations; systems; and Comments of City of Round Rock on Proposed RMA Rules DRAFT Set forth below are the comments of the City of Round Rock on various of the Regional Mobility Authority ( "RMA ") rules proposed by the Texas Department of Transportation ('TXDOT "). Proposed deletions are marked as strike - throughs, and new (or modified) language is shown in italics. Only those rules for which a change is proposed are shown, and each such rule is followed by an explanation of the proposed change. § 26.13. Approval. The commission may authorize the petitioner to create an RMA if it finds that: (1) the creation of an RMA: (A) has sufficient public support based upon: (i) public commonts rocoivod at public hoarings; {D(ii) resolutions of support from affected political ii #i the expressed opinion, if any, of metropolitan planning (B) will result in direct benefits to the state, local governments, and the traveling public; and (C) will improve the efficiency of the state's transportation (2) each project: (A) comes from a conforming transportation plan and transportation improvement program, if the project is located in a nonattainment area; (B) is consistent with the Texas Transportation Plan, the metropolitan transportation plan, and the Statewide Transportation Improvement Program; and (C) subject to the completion of required studies and subject to commission approval under §26.43 of this chapter, will benefit the traveling public. EXHIBIT RMA Comments — Page 1 RMA; and DRAFT Explanation of Proposed Change: Consistent with the proposed deletion of 26.12, there should be no public hearings (conducted by the department) from which to consider "public comments." § 26.14. Commission Action (a) Order. If approved under §26.13 of this subchapter, the commission will adopt a minute order authorizing the creation of the RMA. The minute order will: (1) designate the geographic area of the state in which the RMA may operate, which shall be along county lines; (2) describe each the initial turnpike project maintained, and operated by the RMA; and, oporation, or maintonanco doomed by tho commiscion to bo nococcary for tho to be developed, (3) doscribo any rostrictions or limitations on tho oporationc of tho 3<�)(4) establish, consistent with Transportation Code, §361.003, the initial size of the board, which shall be composed of an odd number of directors. and (5) dosignato any political cubdivisions that will bo roprocontod on tho board by diroctors appointod undor §26.16(d) of thic cubchaptor. (b) Approval of project. Approval of the creation of an RMA shall not constitute final commission approval of any turnpike project, which are subject to approval under §26.43 of this chapter. Explanation of Proposed Change: As written, section 26.14(a)(2) implies that only a turnpike project identified at the time of the formation of an RMA can, or will, be developed by that RMA. RMAs should not be precluded from later developing additional turnpike projects (with appropriate Commission approvals). The proposed reference to the "initial" project is intended to eliminate the inference and make it clear that an RMA is not limited to developing only those projects identified at the time of its formation. Also in Section 26.14(a)(2), the reference to the Commission's minute order containing additional restrictions on the project necessary for the protection of public safety and of the natural environmental should be eliminated. Such issues will necessarily be considered through the environmental review process and through the turnpike planning and design process, and it is unreasonable to expect that the Commission will be able RMA Comments — Page 2 to accurately identify, at this very preliminary stage of the turnpike project development, what protections are justified and that would not otherwise be provided for through the project permitting and design. Section 26.14(a)(3) refers to additional restrictions or limitations which may be placed on the operations of an RMA. The Counties are concerned that the potential for such restrictions or limitations will be a matter of great concern to the capital markets. The capital markets will expect RMAs to have a considerable degree of local autonomy to make operational decisions (aAnd to make decisions as to how best to meet the requirements of any trust indenture). Any potential for a third party (i.e., the Commission) to impose additional restrictions or limitations would undermine the authority and credibility of the RMA to carry out its fiduciary responsibilities. It is also unclear whether these restrictions or limitations could be added subsequent to the formation of an RMA, which would be of even more concern to the capital markets since unanticipated or unexpected restrictions or limitations could be imposed on an RMA after it is already operating or is far into the project development process. Thus, the potential for additional restrictions or limitations is unnecessary and may well create an unacceptable level of risk in the view of capital markets. Section 26.14(a)(5) refers to the potential for additional "political subdivisions" to be appointed to the RMA board of directors by the Commission. This is a serious, and potentially fatal, flaw in the RMA rules due to the uncertainty it introduces. It is addressed in more detail in connection with proposed changes to Section 26.16 described below, and for the reasons explained there Section 26.14(a)(5) should be deleted. §26.16. Board of Directors. (a) Purpose. A board of directors shall administer and operate the RMA. (b) County appointees. The petitioner shall appoint directors to the board as required by Transportation Code, §361.003(b) and (c). (c) Presiding officer. The govemor will appoint one director to the board who shall serve as the presiding officer. (d) Additional diroctors. (1) Tho commiccion may authorizo tho appointment of additional diroctorc as it dooms nococsary to onsuro fair roprosontation of affoctod political DRAFT (2) If tho commiccion dotorminoc undor paragraph (1) of thic RMA Comments - Page 3 whale: DRAFT diroctors to roprosont moro than ono political subdivision, and may rotato those (d)(e) Term of office. Directors shall be appointed to terms of two years. Directors may be reappointed at the discretion of the appointing entity. (e)(f ) Compensation. A director serves without compensation but is entitled to reimbursement for expenses incurred in board service. Reimbursement shall be the responsibility of the entity county the member is representing, and shall be in accordance with the entity's county's procedures governing reimbursement of employees. .(D(g) Removal. A director serves at the pleasure of the appointing entity and may be removed for any reason. (q)(#) Eligibility. The following individuals are ineligible to serve as a director: (1) persons who are not residents of a county within the geographic area of the RMA; (2) persons owning an interest in real property that has been or will be acquired for an RMA project; (3) persons ineligible under §26.33 of this chapter (relating to Conflict of Interest); (4) elected officials; and (5) department employees. Explanation of Proposed Change: Section 26.16(d) should be deleted in its entirety. That section provides the Commission with the authority and discretion to appoint additional directors to an RMA board if the Commission determines that additional directors are necessary to assure adequate representation of "affected political subdivisions." This authority is not explicit in SB 342 and granting it through rules appears inconsistent with the intent of SB 342 (which suggests that RMA boards will be comprised solely of county representatives and a gubernatorial appointee). The ability of the Commission to alter the composition and dynamics of an RMA board of directors creates the possibility for instability among the board, which will be of grave concern to the capital markets. Furthermore, the perceived need for the authorization to appoint additional directors assumes that county officials, who represent all within geographic borders, will not be responsive or sensitive to the needs and positions of the political subdivisions located within their counties. Again, the governing body of any county is comprised of elected officials, and if they are not responsive or they are insensitive to RMA Comments — Page 4 DRAFT the needs of the political subdivisions within their boundaries they will be accountable to the voters. The capital markets will demand stability and predictability in the composition of an RMA board of directors, and while the individuals on a board may change, the number and their origin should not be subject to change at the whim of the Commission. This provision should be deleted. The changes recommended in Section 26.16(e) are consistent with this change. RMA Comments - Page 5 DRAFT § 26.21. Addition of Counties. (a) One or more counties may request the commission for consent to join an existing RMA. The commission may approve the request if: (a)(-1-) the county has submitted a resolution from its commissioners court indicating support for the request; ( )((2-) the board of the RMA has agreed in writing to the addition; and )(4) the commission finds that the addition will benefit the mobility of the region. (b) If tho commiccion approvos tho addition, tho commission may provido for Explanation of Proposed Change: Subparagraph (b) refers to the same issue as is discussed above in connection with Section 26.16(d). This specific paragraph puts the potential for the appointment by the Commission of additional directors in the context of the potential addition of one or more counties to an RMA. In addition to creating the possibility of instability on an RMA board (and the corresponding perception by the capital markets of increased risk), 26.21(b) adds the further problem of providing a disincentive for an RMA to join with additional counties in the future if doing so will create the possibility for the appointment of additional, unknown directors. This provision should be deleted. The addition of counties will occur as necessitated by the projects being undertaken by the RMA. § 26.23. Dissolution of an RMA. (a) Voluntary dissolution. The board of an RMA may request the commission for consent to dissolve. The commission may approve the request if: (1) all debts, obligations, and liabilities of the RMA have been paid and discharged or adequate provision has been made for the payment of all debts, obligations, and liabilities; (2) there are no suits pending against the RMA, or adequate provision has been made for the satisfaction of any judgment, order, or decree which may be entered against it in any pending suit; and RMA Comments — Page 6 DRAFT (3) the RMA's turnpike projects, if any, including all components and appurtenances, are in a condition that complies with the requirements of §26.52(a) of this chapter. (b) Involuntary dissolution. (1) If the RMA has no outstanding bonded indebtedness, Tthe commission may by order require the RMA to dissolve if it finds that: (A) the RMA has not, as determined by the commission, substantially complied with the requirements of this chapter or the terms of an agreement required by this chapter; or (B) the RMA has failed to expeditiously pursue the development of a project identified under §26.14(a)(2) of this chapter. (2) The commission may not require dissolution unless the conditions described in subsection (a)(1) and (2) of this section have been met. (3) At least 30 days prior to adopting an order under this section, the department will provide written notice to the RMA's board offering an opportunity for the RMA to speak before the commission. (c) The commission may not consent to or order the dissolution of an RMA if the RMA has outstanding bonded indebtedness and the holders of that indebtedness have not evidenced their agreement to the dissolution. Explanation of Proposed Change: As written, Section 26.23(b) provides for the possible involuntary dissolution of an RMA by the Commission even if the RMA has outstanding bonded indebtedness. This could occur because the Commission could make a determination, under subsection (a)(1), that "adequate provision" has been made for payment of the debt. Unfortunately, this will not provide adequate certainty to the capital markets that an RMA with outstanding indebtedness cannot be dissolved without consent of the bondholders or the holders of such debt. That is the level of assurance potential bondholders or others will seek; that is, that there can be no voluntary or involuntary dissolution of an RMA unless and until its indebtedness has been paid or the holders of that debt have consented to a means by which they are adequately protected. Vesting that discretion in the Commission will create considerable uncertainty in the minds of potential investors, and may very well prevent RMAs from accessing the capital markets. The change to 26.23(b)(i) and the addition of 26.23(c) will eliminate this problem. RMA Comments - Page 7 DRAFT § 26.32. Administrative Expenses. (a) Expenses necessary to administer an RMA shall be the sole responsibility of the political subdivisions who are represented on the board. The board is responsible for equitably allocating responsibility for administrative expenses. (b) For purposes of this subchapter, "administrative expenses" means expenses, such as salaries, office supplies, and rent, necessary to operate the RMA. (c) Nothing in these rules is intended to prevent an RMA from using toll revenues, bond proceeds, or funds loaned or granted by the department for the payment of reasonable administrative expenses incurred in connection with the planning, development, operation, and maintenance of a turnpike project. Explanation of Proposed Change: Section 26.32 is overly restrictive in defining the sources of funding for RMA's administrative expenses. It is unreasonable to expect that an RMA would not pay any of its administrative expenses out of toll revenues, bond proceeds, or even out of funds advanced for project development, provided those expenses related to the legitimate operations of the RMA. Ultimately RMAs should be self sufficient organizations from a financial standpoint, however their only sources of revenue will be toll revenues, bond proceeds, or granted or loaned funds. It is unreasonable to expect the participating counties to continue to fund those expenses which are properly attributable to the RMA and its operations. The proposed addition addresses this concern. Regarding 26.41 — 26.56 In the case where federal highway funds are granted or loaned to a project then it is understood that the applicable federal requirements must be followed. However, if only State funds or no TxDOT money is involved in the project then the federal guidelines should not be invoked. § 26.41. Social and Environmental Impact. (a) General. An RMA shall develop a turnpike project in accordance with Transportation Code, Section 361.103 and consistent with the spirit and intent of the National Environmental Policy Act, 42 United States Code § §4321 et seq, and 23 United States Code §109(h) by conducting a study of the social and environmental impact of the project. (b) Federal -aid project. If federal -aid funds are requested for construction, or if federal approval or another federal action is required with respect to a turnpike project under this subchapter, an environmental review shall also be conducted in compliance with 23 C.F.R. 771 or its successor regulations. RMA Comments - Page 8 DRAFT (c) Commission approval. If Federal funds are to be used on the projectThe commission must approve the environmental document, under thic cectipn before the construction contractferthe- of a project beginshas -been The Commission agrees to process such approval within thirty days of receipt of the environmental document. Explanation of Proposed Change: The Commission approval should apply in the case where Federal funds are being granted or loaned to the project. Subsection (c) purports to require Commission approval of each environmental review project before construction of a project has been advertised for bids. However, Section 361.103(c) of the Transportation Code only requires that such approval be obtained prior to the commencement of construction of a turnpike project. By requiring Commission approval prior to advertisement for bids, the rules will force a delay in the project development process. This is particularly true if an RMA desires to use an exclusive development agreement ( "EDA ") (assuming legislative authority for use of EDAs is secured) or similar mechanism, a contract which would encompass construction of a project. EDA solicitations and negotiations will likely begin prior to securing all of the necessary environmental reviews, and therefore the rule, as written, would force a delay in that process and ultimately a delay in the development of the project. § 26.43. Project Approval. (a) In accordance with Transportation Code, Sections 361.101 and 362.051, the RMA must request final commission approval of the project. The RMA must obtain approval after receiving approval of each environmental review under §26.41(c) of this subchapter and before final designation of the project as a turnpike project and before the construction of sentrastfor the project begin . (b) To secure approval under this section, the RMA shall submit the following information to the executive director: (1) an updated summary of the anticipated financing plan for purposes of seeking the approval described in subsection (c)(2) of this section; and (2) a report identifying relocations or reconstruction to state highway system facilities anticipated in connection with the proposed project. (c) In deciding whether to grant approval under this section, the commission will consider whether: (1) the project may be effectively integrated into the state highway system; and RMA Comments — Page 9 DRAFT (2) the department is able to construct any connecting roads necessary for the project to generate sufficient revenue to pay the debt incurred for its construction. Explanation of Proposed Change: See section 26.41(c) discussion above. This is a consistent and conforming change. § 26.44. Design and Construction. (a) Responsibility. The RMA is fully responsible for the design and construction of each project it undertakes, including ensuring that all EPIC are addressed in project design. (b) Design criteria. (1) State criteria. All designs developed by or on behalf of the RMA shall comply with the latest version of the department's manuals, including, but not limited to, the Roadway Design Manual, Pavement Design Manual, Hydraulic Design Manual, the Texas Manual on Uniform Traffic Control Devices, Bridge Design Manual, and the Texas Accessibility Standards. (2) Alternative criteria. An RMA may request approval to use different nationally accepted criteria for a particular item of work. Alternative criteria may include, but are not limited to, the latest version of the AASHTO Policy on Geometric Design of Highways and Streets, the AASHTO Pavement Design Guide, and the AASHTO Bridge Design Specifications. The use of alternative criteria is subject to the approval of the Federal Highway Administration for those projects involving federal funds. The executive director may approve the use of alternative criteria if the alternative criteria are determined to be sufficient to protect the safety of the traveling public and protect the integrity of the transportation system. (3) Exceptions to design criteria. An RMA may request approval to deviate from the state or alternative criteria for a particular design element on a case by case basis. The request for approval shall state the criteria for which an exception is being requested and must include a comprehensive description of the circumstances and engineering analysis supporting the request. The executive director may approve an exception after determining that the particular criteria could not reasonably be met due to physical or environmental factors and that the proposed design is the best engineering solution. (c) Project development. RMA Comments — Page 10 (1) Frontage roads. Frontage roads are not allowed unless they are determined by the department to be in compliance with the department's frontage road policy in §15.54 of this title (relating to Construction). (2) Access. For proposed projects that will change the access control line to an interstate highway, the RMA shall submit to the department all data necessary for the department to request Federal Highway Administration approval. (d) Preliminary design submission and approval. When design is approximately 6090% complete, the RMA will send the following preliminary design information to the department for review and - approval. The department will sa late itsprovide any-review -and comments within 30 days; (1) a completed Design Summary Report form as contained in the department's Project Development Process Manual; (2) current average daily traffic volumes on existing roads and streets included in the project limits; (3) five -year and twenty -year forecasts of average daily traffic volumes including traffic loadings by axle load spectrum or vehicle classifications as defined by the Federal Highway Administration on existing and proposed roads and streets within or affected by the facility; (4) horizontal layout information showing the horizontal alignment and any superelevation proposed for each roadway; (5) typical sections showing existing and proposed horizontal dimensions, cross slopes, location of profile grade line, pavement layer thickness and composition, earthen slopes, and right of way lines; (6) profile grade information showing existing ground and proposed roadway elevations for each alignment, including vertical curve data; (7) bridge, retaining wall, and sound wall layouts including horizontal and vertical clearances to adjacent features and showing the type of structure, foundation, and railings proposed; (8) drainage area maps showing the drainage of waterways entering the project and local project drainage (hydraulic and hydrologic studies and reports used to size bridges and culverts shall be submitted and include specifications for the basis of design and the design coefficients, rainfall intensities, drainage area sizes, and calculated flow quantities for each drainage structure and, when applicable, for each inlet and storm sewer); construction; ( DRAFT an explanation of the anticipated handling of existing traffic during (10) when structures meeting the definition of a bridge as defined by the National Bridge Inspection Standards are proposed, an indication of structural capacity in terms of design loading; RMA Comments - Page 11 erosion; D RAFT (11) proposed temporary and permanent measures for controlling (12) an explanation of how the U.S. Army Corps of Engineers permit requirements, including associated certification requirements of the Texas Natural Resource Conservation Commission, will be satisfied if the project involves discharges into waters of the United States; and (13) for freeways, the location and text of proposed mainlane guide signs shown on a schematic that includes lane lines or arrows indicating the number of lanes. (e) Construction specifications. (1) All plans, specifications, and estimates developed by or on behalf of the RMA shall conform to the latest version of the departments Standard Specifications for Construction and Maintenance of Highways, Streets, and Bridges, and shall conform to department required special specifications and special provisions. (2) The executive director may approve the use of an alternative specification if the proposed specification is determined to be sufficient to ensure the quality and durability of the finished product for the intended use and the safety of the traveling public. (f) Submission and approval of final design plans and contract administration procedures. When final plans are complete, the RMA shall send the following information to the executive director for review and approval. The department will forward complete its review-and comments within 30 days.; (1) seven copies of the final set of plans, specifications, and engineer's estimate (PS &E) that have been signed and sealed by the responsible engineer; (2) revisions to information provided with the preliminary design submission summarized or highlighted for the department; (3) proposal necessary for bidding the project in compliance with applicable state and federal requirements; (4) contract administration procedures containing criteria that comply with the applicableapprepnate national or state administration criteria and manuals; and (5) location and description of all EPIC addressed in construction. (g) Contract bidding and award. The RMA shall not advertise the project for receipt of bids any earlier than thirty days after submission of final design plans to TxDOTuntil it has rocoivod approval of tho PS&E from tho dopartmont. Procedures relating to bidder qualification, bidding, award, and execution of a contract for the development of a project that is financed with state or federal funds shall comply with the policies and procedures prescribed in Chapter 9, Subchapter B of this title (relating to Highway Improvement Contracts). RMA Comments - Page 12 and DRAFT (h) Construction inspection and oversight. Unless the department in writing agrees to assume responsibility for some or all of the following items, the RMA is responsible for: (1) overseeing all construction operations, including the oversight and follow through with all EPIC; (2) assessing contract revisions for potential environmental impacts; (3) obtaining any necessary EPIC required for contract revisions. (i) Contract revisions. All contract revisions shall comply with the latest version of the applicableapprepiate national or state administration criteria and manuals, and must be cubmittod to the exocutivc diroctor for approval prior to boginning (j) As -built plans. Within six months after final acceptance of the construction project, the RMA shall file with the department a set of the as -built plans incorporating any contract revisions. These plans shall be signed, sealed, and dated by a licensed professional engineer in Texas certifying that the project was constructed in accordance with the plans and specifications. (k) Document and information exchange. If available, the RMA agrees to deliver to the department all materials used in the development of the project including, but not limited to, aerial photography, computer files, surveying information, engineering reports, environmental documentation, general notes, specifications, and contract provision requirements. (I) State and federal law. The RMA shall comply with all federal and state laws and regulations applicable to the project and tho ctato highway cyctom, and shall provide or obtain all applicable permits, plans, and other documentation required by a federal, state, or local governmental entity. (m) Work on state right of way. All work required within the limits of state owned right of way shall be accomplished only pursuant to express written agreement with the department and at the sole expense of the RMA. Explanation for Proposed Change: . It is essential for any toll authority to expedite project delivery in order to minimize cost of the project and the cost of issuing debt. The capital markets will place a higher cost of issuance on the debt if a third party, that is not liable for the debt, has approval authority over the development of the project. The RMA must have the right to control the development of the project without undue burden. If Federal funds are used for the project then all applicable federal requirements will be followed. RMA Comments — Page 13 § 26.47. Pooling. Prior to pooling turnpike projoctc under Transportation Code, Explanation of Proposed Change: The ability to pool turnpike projects in an important means by which to achieve efficiencies and economies of scale, as well as to provide for a more integrated method in which to finance turnpike project development. Therefore, provided it is acting within the scope of any trust indenture for outstanding bonded indebtedness, an RMA should be able to make its own decisions concerning whether, and when, to pool turnpike projects. The act of pooling does not cause any changes to the physical configuration of a turnpike project, and therefore the Commission should have little or no interest in whether turnpike projects within an RMA are, in fact, pooled. It is primarily an accounting, financial, and operations and maintenance issue which should be left to the local authority. This is another example of an area of discretion which the capital markets will want to see vested in an RMA. They will want to know that their borrower can make financial decisions unfettered from required approvals of generally unaffected third parties. DRAFT § 26.55. Project Constructed by the Department. (a) Request. An RMA may request that the department transfer to the RMA a segment of tolled state highway that was constructed by the department. (b) Effect of transfer. Upon transfer, the highway is considered for all purposes a turnpike project of the RMA. The RMA is responsible for the operation and maintenance of the project and assumes responsibility for all project debt. (c) Approval. The commission may approve a transfer under this section if the commission determines that: (1) the transfer is allowed by the trust agreement or indenture entered into by the commission for that project; (2) property and contract rights in the project and bonds issued by the commission for the project would not be affected unfavorably; and (3) the RMA is capable of maintaining and operating the project in a safe and efficient manner. (d) Surplus rovonuo. Notwithstanding tho provisions of Subchaptor G of this chaptor to tho contrary, tho commiccion may, as a condition to tho transfor, rostrict tho RMA Comments - Page 14 DRAFT M(e) Agreement. If the commission approves a transfer, the department and the RMA shall enter into a project agreement under §26.54 of this subchapter. Explanation of Proposed Change: Senate Bill 342 defines the permissible uses of surplus revenues from a turnpike project developed or operated by an RMA. Section 26.56(d) provides the opportunity for the Commission to add additional restrictions to the uses of surplus revenue from a transferred project. The capital markets will be very adverse to any further restrictions on the use of surplus revenues, and particularly to a vague reference in the rules to the possible imposition of future restrictions on the uses of surplus revenues. This provision will likely preclude an RMA from accessing the capital markets to finance the acquisition of a project from TxDOT. Potential investors will expect that RMA revenues will be available for use in connection with the turnpike project and will be free from pressure to generate surplus revenues for purposes not otherwise defined or permitted under SB 342. § 26.56. Department Assuming Jurisdiction of RMA Project. (a) An RMA turnpike project may becomes a non - tolled facility under the jurisdiction of the department when: (1) all debt issued for the project and the interest on the debt has been paid; or (2) firm banking and financial arrangements have been made for the discharge and final payment or redemption of the debt in accordance with law; and (3) the RMA requests that the department assume jurisdiction over the project. (b) If the conditions of subsections (a)(1) and —(2) and (3) are met, the commission may continue to charge a toll sufficient to pay the costs of maintaining the facility. (c) An RMA shall ensure that, prior to the department assuming jurisdiction under subsection (a) of this section, the turnpike project, including all its components and appurtenances, is in a condition that complies with §26.52(a) of this subchapter. Explanation of Proposed Change: As written, this rule assumes that an RMA turnpike project will automatically be transferred to the department when the conditions identified in subparagraphs (a)(1) and (a)(2) are met. There is no logical basis for this automatic transfer of a project at that time, and it should be up to the RMA, which developed and /or operated the turnpike project, to determine when it desires to transfer RMA Comments — Page 15 DRAFT it to the department. Just as the Commission is permitted to continue operating and project and charging a toll sufficient to pay costs of maintaining the facility (26.56(b)), an RMA may see benefits in operating a project in the same manner, particularly if surplus revenues can be used for purposes permitted under SB 342. Thus, the rule should be revised to eliminate any presumption that an RMA project will be subject to transfer immediately upon the payment of all debt. th under §26.62(1) of this subchaptor, the RMA shall provido tho commiccion at loact 15 days writton notico of its intontions. Tho notico chall doccribo in cufficiont dotail tho Explanation of Proposed Change: This rule suggests that prior notice be provided to the Commission before an RMA utilizes surplus revenue to assist in the financing of a transportation project of a governmental entity. While the rule does not provide that Commission approval is required, that may be implicit in the prior notice requirement. Furthermore, neither prior notice nor Commission approvals is required under the provisions of SB 342 with respect to the expenditure of surplus revenues by an RMA to assist in the financing of a transportation project of a governmental entity. This provision is unnecessary and should be deleted. RMA Comments - Page 16 § 26.64. Commission Approval. (a) The commission will approve an RMA constructing a transportation project under §26.62(2) of this subchapter if: (1) the project is eligible under §26.65 of this subchapter; (2) the project comes from a conforming transportation plan and transportation improvement program, when required by federal law; (3) the project is consistent with the Texas Transportation Plan, the metropolitan transportation plan, and the Statewide Transportation Improvement Program; and (4) the commission determines that the project will have a significant positive impact on the mobility of the region of the RMA. (b) When approving or disapproving a project under subsection (a) of this section, the commission will consider: (1) the anticipated reduction to traffic congestion; (2) potential social, environmental, and economic impacts of the project, and the extent to which the RMA has complied with all EPIC; (3) benefit to state and local government; and (4) whether the construction will expand the availability of funding for transportation projects or reduce direct state costs. Explanation of Proposed Change: It appears that the reference in subparagraph (a) to 26.62 should actually be to 26.62(2). That is the only section which refers to an RMA constructing an transportation project, and pursuant to SB 342, is the only use of surplus revenues which requires the consent of the commission. DRAFT (b) Notwithstanding the provicions of Subchaptor G of thic chapter to tho • RMA Comments — Page 17 DRAFT (c) Tho commicsion may waivo tho roquiromonts of cubcoction (b) of this public, (d) Tho roquirements of cubcoction (b) of this coction no longor apply onto, tho improvomonts to tho stato highway syctom havo oqualod tho ascot valuo Explanation of Proposed Change: This rule purports to add a restriction on the use of surplus revenue derived from a segment of the state highway system converted to a tolled project and transferred to an RMA. This is not a restriction which was required under SB 342 in defining the permissible uses of surplus revenues, and is not necessary to achieve any purpose or requirement of state law. To the extent the concern is the state receiving fair compensation for the value of the asset transferred, in all likelihood the relief to the state from the operations and maintenance costs of the segment of the system as well as the benefits to the public to be gained from the operation of the project by the RMA are sufficient to provide any "value" necessary to support the transfer. Furthermore, this restriction on the use of surplus revenue will be a matter of serious concern to the capital markets for the reasons discussed in connection with 26.56(d) and may preclude an RMA's ability to access necessary capital. RMA Comments - Page 18 DATE: March 8, 2002 SUBJECT: City Council Meeting — March 14, 2002 ITEM: 13.D.6. Consider a resolution authorizing the Mayor to submit written comments to the Texas Transportation Commission concerning the proposed rules for Regional Mobility Authorities and Financing Toll Projects. Resource: Jim Nuse, Public Works Director Tom Word, Chief Transportation Engineer History: Senate Bill 342 approved by the 77`" Legislature in 2001 established new provisions, which would permit creation of Regional Mobility Authorities (RMAs). Regional Mobility Authorities are essentially local toll road authorities created for the purpose of constructing, maintaining, and operating turnpike projects. Round Rock is interested in RMAs because they may provide a mechanism by which the Round Rock Transportation System Development Corporation can recoup the local monies spent on SH 45. On January 31, 2002, the Texas Transportation Commission proposed rules concerning the implementation of Senate Bill 342. The proposed rules include provisions, which are not in the best interest of local communities. The Texas Transportation Commission has invited public comment on the proposed rules, and we are recommending that the City Council authorize the Mayor to submit the comments attached to the proposed resolution to the Texas Department of Transportation. Funding: Cost: N/A Source of funds: N/A Outside Resources: N/A Impact/Benefit: RMAs may potentially allow the local community to recover the local funds invested in the ROW and utility adjustments for SH 45. Public Comment: N/A Sponsor: N/A subdivisions; and organizations; systems; and Comments of City of Round Rock on Proposed RMA Rules Set forth below are the comments of the City of Round Rock on various of the Regional Mobility Authority ( "RMA ") rules proposed by the Texas Department of Transportation ( "TxDOT "). Proposed deletions are marked as strike - throughs, and new (or modified) language is shown in italics. Only those rules for which a change is proposed are shown, and each such rule is followed by an explanation of the proposed change. § 26.13. Approval. The commission may authorize the petitioner to create an RMA if it finds that: (1) the creation of an RMA: (A) has sufficient public support based upon: ()i (ii) resolutions of support from affected political al(iii) the expressed opinion, if any, of metropolitan planning (B) will result in direct benefits to the state, local governments, and the traveling public; and (C) will improve the efficiency of the states transportation (2) each project: (A) comes from a conforming transportation plan and transportation improvement program, if the project is located in a nonattainment area; (B) is consistent with the Texas Transportation Plan, the metropolitan transportation plan, and the Statewide Transportation Improvement Program; and (C) subject to the completion of required studies and subject to commission approval under §26.43 of this chapter, will benefit the traveling public. RMA Comments - Page 1 Explanation of Proposed Change: Consistent with the proposed deletion of 26.12, there should be no public hearings (conducted by the department) from which to consider "public comments." § 26.14. Commission Action (a) Order. If approved under §26.13 of this subchapter, the commission will adopt a minute order authorizing the creation of the RMA. The minute order will: (1) designate the geographic area of the state in which the RMA may operate, which shall be along county lines; (2) describe each the initial turnpike project to be developed, maintained, and operated by the RMA; and, RSA, -� and (3) doscribo any rostrictions or limitations on tho oporations of tho (3)(4) establish, consistent with Transportation Code, §361.003, the initial size of the board, which shall be composed of an odd number of directors.nd (5) dosignato any political subdivisions that will bo roprocontcd on tho (b) Approval of project. Approval of the creation of an RMA shall not constitute final commission approval of any turnpike project, which are subject to approval under §26.43 of this chapter. Explanation of Proposed Change: As written, section 26.14(a)(2) implies that only a turnpike project identified at the time of the formation of an RMA can, or will, be developed by that RMA. RMAs should not be precluded from later developing additional turnpike projects (with appropriate Commission approvals). The proposed reference to the "initial" project is intended to eliminate the inference and make it clear that an RMA is not limited to developing only those projects identified at the time of its formation. Also in Section 26.14(a)(2), the reference to the Commission's minute order containing additional restrictions on the project necessary for the protection of public safety and of the natural environmental should be eliminated. Such issues will necessarily be considered through the environmental review process and through the turnpike planning and design process, and it is unreasonable to expect that the Commission will be able RMA Comments - Page 2 to accurately identify, at this very preliminary stage of the turnpike project development, what protections are justified and that would not otherwise be provided for through the project permitting and design. Section 26.14(a)(3) refers to additional restrictions or limitations which may be placed on the operations of an RMA. The Counties are concerned that the potential for such restrictions or limitations will be a matter of great concern to the capital markets. The capital markets will expect RMAs to have a considerable degree of local autonomy to make operational decisions (aAnd to make decisions as to how best to meet the requirements of any trust indenture). Any potential for a third party (i.e., the Commission) to impose additional restrictions or limitations would undermine the authority and credibility of the RMA to carry out its fiduciary responsibilities. It is also unclear whether these restrictions or limitations could be added subsequent to the formation of an RMA, which would be of even more concern to the capital markets since unanticipated or unexpected restrictions or limitations could be imposed on an RMA after it is already operating or is far into the project development process. Thus, the potential for additional restrictions or limitations is unnecessary and may well create an unacceptable level of risk in the view of capital markets. Section 26.14(a)(5) refers to the potential for additional "political subdivisions" to be appointed to the RMA board of directors by the Commission. This is a serious, and potentially fatal, flaw in the RMA rules due to the uncertainty it introduces. It is addressed in more detail in connection with proposed changes to Section 26.16 described below, and for the reasons explained there Section 26.14(a)(5) should be deleted. §26.16. Board of Directors. (a) Purpose. A board of directors shall administer and operate the RMA. (b) County appointees. The petitioner shall appoint directors to the board as required by Transportation Code, §361.003(b) and (c). (c) Presiding officer. The governor will appoint one director to the board who shall serve as the presiding officer. (d) Additional diroctorc. (1) Tho commission may authorizo tho appointmont of additional (2) If tho commission dotorminos undor paragraph (1) of thin RMA Comments - Page 3 whele: (3) Tho commiccion may authorizo tho appointmont of ono or moro (d)(e) Term of office. Directors shall be appointed to terms of two years. Directors may be reappointed at the discretion of the appointing entity. (e)(f) Compensation. A director serves without compensation but is entitled to reimbursement for expenses incurred in board service. Reimbursement shall be the responsibility of the entity county the member is representing, and shall be in accordance with the ontity'c county's procedures governing reimbursement of employees. (i(g) Removal. A director serves at the pleasure of the appointing entity and may be removed for any reason. (q)(#) Eligibility. The following individuals are ineligible to serve as a director: (1) persons who are not residents of a county within the geographic area of the RMA; (2) persons owning an interest in real property that has been or will be acquired for an RMA project; of Interest); (3) persons ineligible under §26.33 of this chapter (relating to Conflict (4) elected officials; and (5) department employees. Explanation of Proposed Change: Section 26.16(d) should be deleted in its entirety. That section provides the Commission with the authority and discretion to appoint additional directors to an RMA board if the Commission determines that additional directors are necessary to assure adequate representation of "affected political subdivisions." This authority is not explicit in SB 342 and granting it through rules appears inconsistent with the intent of SB 342 (which suggests that RMA boards will be comprised solely of county representatives and a gubernatorial appointee). The ability of the Commission to alter the composition and dynamics of an RMA board of directors creates the possibility for instability among the board, which will be of grave concem to the capital markets. Furthermore, the perceived need for the authorization to appoint additional directors assumes that county officials, who represent all within geographic borders, will not be responsive or sensitive to the needs and positions of the political subdivisions located within their counties. Again, the governing body of any county is comprised of elected officials, and if they are not responsive or they are insensitive to RMA Comments — Page 4 the needs of the political subdivisions within their boundaries they will be accountable to the voters. The capital markets will demand stability and predictability in the composition of an RMA board of directors, and while the individuals on a board may change, the number and their origin should not be subject to change at the whim of the Commission. This provision should be deleted. The changes recommended in Section 26.16(e) are consistent with this change. RMA Comments - Page 5 § 26.21. Addition of Counties. (a) One or more counties may request the commission for consent to join an existing RMA. The commission may approve the request if: (a)(-1-) the county has submitted a resolution from its commissioners court indicating support for the request; ( )(2) the board of the RMA has agreed in writing to the addition; and (c)(3) the commission finds that the addition will benefit the mobility of the region. (b) If tho commiscion approvos tho addition, tho commiscion may provido for Explanation of Proposed Change: Subparagraph (b) refers to the same issue as is discussed above in connection with Section 26.16(d). This specific paragraph puts the potential for the appointment by the Commission of additional directors in the context of the potential addition of one or more counties to an RMA. In addition to creating the possibility of instability on an RMA board (and the corresponding perception by the capital markets of increased risk), 26.21(b) adds the further problem of providing a disincentive for an RMA to join with additional counties in the future if doing so will create the possibility for the appointment of additional, unknown directors. This provision should be deleted. The addition of counties will occur as necessitated by the projects being undertaken by the RMA. § 26.23. Dissolution of an RMA. (a) Voluntary dissolution. The board of an RMA may request the commission for consent to dissolve. The commission may approve the request if: (1) all debts, obligations, and liabilities of the RMA have been paid and discharged or adequate provision has been made for the payment of all debts, obligations, and liabilities; (2) there are no suits pending against the RMA, or adequate provision has been made for the satisfaction of any judgment, order, or decree which may be entered against it in any pending suit; and RMA Comments - Page 6 (3) the RMA's turnpike projects, if any, including all components and appurtenances, are in a condition that complies with the requirements of §26.52(a) of this chapter. (b) Involuntary dissolution. (1) If the RMA has no outstanding banded indebtedness, Tthe commission may by order require the RMA to dissolve if it finds that: (A) the RMA has not, as determined by the commission, substantially complied with the requirements of this chapter or the terms of an agreement required by this chapter; or (B) the RMA has failed to expeditiously pursue the development of a project identified under §26.14(a)(2) of this chapter. (2) The commission may not require dissolution unless the conditions described in subsection (a)(1) and (2) of this section have been met. (3) At least 30 days prior to adopting an order under this section, the department will provide written notice to the RMA's board offering an opportunity for the RMA to speak before the commission. (c) The commission may not consent to or order the dissolution of an RMA if the RMA has outstanding banded indebtedness and the holders of that indebtedness have not evidenced their agreement to the dissolution. Explanation of Proposed Change: As written, Section 26.23(b) provides for the possible involuntary dissolution of an RMA by the Commission even if the RMA has outstanding banded indebtedness. This could occur because the Commission could make a determination, under subsection (a)(1), that "adequate provision" has been made for payment of the debt. Unfortunately, this will not provide adequate certainty to the capital markets that an RMA with outstanding indebtedness cannot be dissolved without consent of the bondholders or the holders of such debt. That is the level of assurance potential bondholders or others will seek; that is, that there can be no voluntary or involuntary dissolution of an RMA unless and until its indebtedness has been paid or the holders of that debt have consented to a means by which they are adequately protected. Vesting that discretion in the Commission will create considerable uncertainty in the minds of potential investors, and may very well prevent RMAs from accessing the capital markets. The change to 26.23(b)(i) and the addition of 26.23(c) will eliminate this problem. • x x RMA Comments - Page 7 § 26.32. Administrative Expenses. (a) Expenses necessary to administer an RMA shall be the sole responsibility of the political subdivisions who are represented on the board. The board is responsible for equitably allocating responsibility for administrative expenses. (b) For purposes of this subchapter, "administrative expenses" means expenses, such as salaries, office supplies, and rent, necessary to operate the RMA. (c) Nothing in these rules is intended to prevent an RMA from using toll revenues, bond proceeds, or funds loaned or granted by the department for the payment of reasonable administrative expenses incurred in connection with the planning, development, operation, and maintenance of a turnpike project. Explanation of Proposed Change: Section 26.32 is overly restrictive in defining the sources of funding for RMA's administrative expenses. It is unreasonable to expect that an RMA would not pay any of its administrative expenses out of toll revenues, bond proceeds, or even out of funds advanced for project development, provided those expenses related to the legitimate operations of the RMA. Ultimately RMAs should be self sufficient organizations from a financial standpoint, however their only sources of revenue will be toll revenues, bond proceeds, or granted or loaned funds. It is unreasonable to expect the participating counties to continue to fund those expenses which are properly attributable to the RMA and its operations. The proposed addition addresses this concern. Regarding 26.41 — 26.56 In the case where federal highway funds are granted or loaned to a project then it is understood that the applicable federal requirements must be followed. However, if only State funds or no TxDOT money is involved in the project then the federal guidelines should not be invoked. § 26.41. Social and Environmental Impact. (a) General. An RMA shall develop a turnpike project in accordance with Transportation Code, Section 361.103 and consistent with the spirit and intent of the National Environmental Policy Act, 42 United States Code § §4321 et seq, and 23 United States Code §109(h) by conducting a study of the social and environmental impact of the project. (b) Federal -aid project. If federal -aid funds are requested for construction, or if federal approval or another federal action is required with respect to a turnpike project under this subchapter, an environmental review shall also be conducted in compliance with 23 C.F.R. 771 or its successor regulations. RMA Comments - Page 8 (c) Commission approval. If Federal funds are to be used on the projectThe commission must approve the environmental document, before the construction sertract -fer he- of a project beginshas -been The Commission agrees to process such approval within thirty days of receipt of the environmental document. Explanation of Proposed Change: The Commission approval should apply in the case where Federal funds are being granted or loaned to the project. Subsection (c) purports to require Commission approval of each environmental review project before construction of a project has been advertised for bids. However, Section 361.103(c) of the Transportation Code only requires that such approval be obtained prior to the commencement of construction of a turnpike project. By requiring Commission approval prior to advertisement for bids, the rules will force a delay in the project development process. This is particularly true if an RMA desires to use an exclusive development agreement ( "EDA ") (assuming legislative authority for use of EDAs is secured) or similar mechanism, a contract which would encompass construction of a project. EDA solicitations and negotiations will likely begin prior to securing all of the necessary environmental reviews, and therefore the rule, as written, would force a delay in that process and ultimately a delay in the development of the project. system; and w w w § 26.43. Project Approval. (a) In accordance with Transportation Code, Sections 361.101 and 362.051, the RMA must request final commission approval of the project. The RMA must obtain approval after receiving approval of each environmental review under §26.41(c) of this subchapter and before final designation of the project as a turnpike project and before the construction of centrastfor -the project begins . (b) To secure approval under this section, the RMA shall submit the following information to the executive director: (1) an updated summary of the anticipated financing plan for purposes of seeking the approval described in subsection (c)(2) of this section; and (2) a report identifying relocations or reconstruction to state highway system facilities anticipated in connection with the proposed project. (c) In deciding whether to grant approval under this section, the commission will consider whether: (1) the project may be effectively integrated into the state highway RMA Comments — Page 9 (2) the department is able to construct any connecting roads necessary for the project to generate sufficient revenue to pay the debt incurred for its construction. Explanation of Proposed Change: See section 26.41(c) discussion above. This is a consistent and conforming change. § 26.44. Design and Construction. (a) Responsibility. The RMA is fully responsible for the design and construction of each project it undertakes, including ensuring that all EPIC are addressed in project design. (b) Design criteria. (1) State criteria. All designs developed by or on behalf of the RMA shall comply with the latest version of the department's manuals, including, but not limited to, the Roadway Design Manual, Pavement Design Manual, Hydraulic Design Manual, the Texas Manual on Uniform Traffic Control Devices, Bridge Design Manual, and the Texas Accessibility Standards. (2) Alternative criteria. An RMA may request approval to use different nationally accepted criteria for a particular item of work. Alternative criteria may include, but are not limited to, the latest version of the AASHTO Policy on Geometric Design of Highways and Streets, the AASHTO Pavement Design Guide, and the AASHTO Bridge Design Specifications. The use of alternative criteria is subject to the approval of the Federal Highway Administration for those projects involving federal funds. The executive director may approve the use of alternative criteria if the alternative criteria are determined to be sufficient to protect the safety of the traveling public and protect the integrity of the transportation system. (3) Exceptions to design criteria. An RMA may request approval to deviate from the state or alternative criteria for a particular design element on a case by case basis. The request for approval shall state the criteria for which an exception is being requested and must include a comprehensive description of the circumstances and engineering analysis supporting the request. The executive director may approve an exception after determining that the particular criteria could not reasonably be met due to physical or environmental factors and that the proposed design is the best engineering solution. (c) Project development. RMA Comments - Page 10 (1) Frontage roads. Frontage roads are not allowed unless they are determined by the department to be in compliance with the department's frontage road policy in §15.54 of this title (relating to Construction). (2) Access. For proposed projects that will change the access control line to an interstate highway, the RMA shall submit to the department all data necessary for the department to request Federal Highway Administration approval. (d) Preliminary design submission and- -- approval. When design is approximately 6099% complete, the RMA will send the following preliminary design information to the department for review aed- approval. The department will complete itsprovide any-review-and comments within 30 days (1) a completed Design Summary Report form as contained in the department's Project Development Process Manual; (2) current average daily traffic volumes on existing roads and streets included in the project limits; (3) five -year and twenty -year forecasts of average daily traffic volumes including traffic loadings by axle load spectrum or vehicle classifications as defined by the Federal Highway Administration on existing and proposed roads and streets within or affected by the facility; (4) horizontal layout information showing the horizontal alignment and any superelevation proposed for each roadway; (5) typical sections showing existing and proposed horizontal dimensions, cross slopes, location of profile grade line, pavement layer thickness and composition, earthen slopes, and right of way lines; (6) profile grade information showing existing ground and proposed roadway elevations for each alignment, including vertical curve data; (7) bridge, retaining wall, and sound wall layouts including horizontal and vertical clearances to adjacent features and showing the type of structure, foundation, and railings proposed; (8) drainage area maps showing the drainage of waterways entering the project and local project drainage (hydraulic and hydrologic studies and reports used to size bridges and culverts shall be submitted and include specifications for the basis of design and the design coefficients, rainfall intensities, drainage area sizes, and calculated flow quantities for each drainage structure and, when applicable, for each inlet and storm sewer); (9) an explanation of the anticipated handling of existing traffic during construction; (10) when structures meeting the definition of a bridge as defined by the National Bridge Inspection Standards are proposed, an indication of structural capacity in terms of design loading; RMA Comments — Page 11 erosion; (11) proposed temporary and permanent measures for controlling (12) an explanation of how the U.S. Army Corps of Engineers permit requirements, including associated certification requirements of the Texas Natural Resource Conservation Commission, will be satisfied if the project involves discharges into waters of the United States; and (13) for freeways, the location and text of proposed mainlane guide signs shown on a schematic that includes lane lines or arrows indicating the number of lanes. (e) Construction specifications. (1) All plans, specifications, and estimates developed by or on behalf of the RMA shall conform to the latest version of the department's Standard Specifications for Construction and Maintenance of Highways, Streets, and Bridges, and shall conform to department required special specifications and special provisions. (2) The executive director may approve the use of an alternative specification if the proposed specification is determined to be sufficient to ensure the quality and durability of the finished product for the intended use and the safety of the traveling public. (f) Submission and approval of final design plans and contract administration procedures. When final plans are complete, the RMA shall send the following information to the executive director for review and approval. The department will forward complete its reviewF -and comments within 30 days. (1) seven copies of the final set of plans, specifications, and engineer's estimate (PS &E) that have been signed and sealed by the responsible engineer; (2) revisions to information provided with the preliminary design submission summarized or highlighted for the department; (3) proposal necessary for bidding the project in compliance with applicable state and federal requirements; (4) contract administration procedures containing criteria that comply with the applicableappropriate national or state administration criteria and manuals; and (5) location and description of all EPIC addressed in construction. (g) Contract bidding and award. The RMA shall not advertise the project for receipt of bids any earlier than thirty days after submission of final design plans to TxDOTuntil it has rocoivod approval of tho PS &E from tho dopartmont. Procedures relating to bidder qualification, bidding, award, and execution of a contract for the development and maintonanco of a project that is financed with state or federal funds shall comply with the policies and procedures prescribed in Chapter 9, Subchapter B of this title (relating to Highway Improvement Contracts). RMA Comments — Page 12 (h) Construction inspection and oversight. Unless the department in writing agrees to assume responsibility for some or all of the following items, the RMA is responsible for: (1) overseeing all construction operations, including the oversight and follow through with all EPIC; (2) assessing contract revisions for potential environmental impacts; and (3) obtaining any necessary EPIC required for contract revisions. (i) Contract revisions. All contract revisions shall comply with the latest version of the applicableappropriate national or state administration criteria and manuals, (j) As -built plans. Within six months after final acceptance of the construction project, the RMA shall file with the department a set of the as -built plans incorporating any contract revisions. These plans shall be signed, sealed, and dated by a licensed professional engineer in Texas certifying that the project was constructed in accordance with the plans and specifications. (k) Document and information exchange. If available, the RMA agrees to deliver to the department all materials used in the development of the project including, but not limited to, aerial photography, computer files, surveying information, engineering reports, environmental documentation, general notes, specifications, and contract provision requirements. (I) State and federal law. The RMA shall comply with all federal and state laws and regulations applicable to the project , and shall provide or obtain all applicable permits, plans, and other documentation required by a federal, state, or local governmental entity. (m) Work on state right of way. All work required within the limits of state owned right of way shall be accomplished only pursuant to express written agreement with the department and at the sole expense of the RMA. Explanation for Proposed Change: . It is essential for any toll authority to expedite project delivery in order to minimize cost of the project and the cost of issuing debt. The capital markets will place a higher cost of issuance on the debt if a third party, that is not liable for the debt, has approval authority over the development of the project. The RMA must have the right to control the development of the project without undue burden. If Federal funds are used for the project then all applicable federal requirements will be followed. ire RMA Comments — Page 13 Explanation of Proposed Change: The ability to pool turnpike projects in an important means by which to achieve efficiencies and economies of scale, as well as to provide for a more integrated method in which to finance turnpike project development. Therefore, provided it is acting within the scope of any trust indenture for outstanding bonded indebtedness, an RMA should be able to make its own decisions concerning whether, and when, to pool turnpike projects. The act of pooling does not cause any changes to the physical configuration of a turnpike project, and therefore the Commission should have little or no interest in whether turnpike projects within an RMA are, in fact, pooled. It is primarily an accounting, financial, and operations and maintenance issue which should be left to the local authority. This is another example of an area of discretion which the capital markets will want to see vested in an RMA. They will want to know that their borrower can make financial decisions unfettered from required approvals of generally unaffected third parties. § 26.55. Project Constructed by the Department. (a) Request. An RMA may request that the department transfer to the RMA a segment of tolled state highway that was constructed by the department. (b) Effect of transfer. Upon transfer, the highway is considered for all purposes a turnpike project of the RMA. The RMA is responsible for the operation and maintenance of the project and assumes responsibility for all project debt. (c) Approval. The commission may approve a transfer under this section if the commission determines that: (1) the transfer is allowed by the trust agreement or indenture entered into by the commission for that project; (2) property and contract rights in the project and bonds issued by the commission for the project would not be affected unfavorably; and (3) the RMA is capable of maintaining and operating the project in a safe and efficient manner. chaptor to tho contrary, tho commicsion may, ac a condition to tho transfor, roctrict tho RMA Comments — Page 14 4)(e) Agreement. If the commission approves a transfer, the department and 1 the RMA shall enter into a project agreement under §26.54 of this subchapter. Explanation of Proposed Change: Senate Bill 342 defines the permissible uses of surplus revenues from a turnpike project developed or operated by an RMA. Section 26.56(d) provides the opportunity for the Commission to add additional restrictions to the uses of surplus revenue from a transferred project. The capital markets will be very adverse to any further restrictions on the use of surplus revenues, and particularly to a vague reference in the rules to the possible imposition of future restrictions on the uses of surplus revenues. This provision will likely preclude an RMA from accessing the capital markets to finance the acquisition of a project from TxDOT. Potential investors will expect that RMA revenues will be available for use in connection with the turnpike project and will be free from pressure to generate surplus revenues for purposes not otherwise defined or permitted under SB 342. paid; or ir § 26.56. Department Assuming Jurisdiction of RMA Project. (a) An RMA turnpike project may becomes a non - tolled facility under the jurisdiction of the department when: (1) all debt issued for the project and the interest on the debt has been (2) firm banking and financial arrangements have been made for the discharge and final payment or redemption of the debt in accordance with law; and (3) the RMA requests that the department assume jurisdiction over the project. (b) If the conditions of subsections (a)(1) and—(2) and (3) are met, the commission may continue to charge a toll sufficient to pay the costs of maintaining the facility. (c) An RMA shall ensure that, prior to the department assuming jurisdiction under subsection (a) of this section, the turnpike project, including all its components and appurtenances, is in a condition that complies with §26.52(a) of this subchapter. Explanation of Proposed Change: As written, this rule assumes that an RMA turnpike project will automatically be transferred to the department when the conditions identified in subparagraphs (a)(1) and (a)(2) are met. There is no logical basis for this automatic transfer of a project at that time, and it should be up to the RMA, which developed and /or operated the tumpike project, to determine when it desires to transfer RMA Comments — Page 15 it to the department. Just as the Commission is permitted to continue operating and project and charging a toll sufficient to pay costs of maintaining the facility (26.56(b)), an RMA may see benefits in operating a project in the same manner, particularly if surplus revenues can be used for purposes permitted under SB 342. Thus, the rule should be revised to eliminate any presumption that an RMA project will be subject to transfer immediately upon the payment of all debt. Explanation of Proposed Change: This rule suggests that prior notice be provided to the Commission before an RMA utilizes surplus revenue to assist in the financing of a transportation project of a governmental entity. While the rule does not provide that Commission approval is required, that may be implicit in the prior notice requirement. Furthermore, neither prior notice nor Commission approvals is required under the provisions of SB 342 with respect to the expenditure of surplus revenues by an RMA to assist in the financing of a transportation project of a governmental entity. This provision is unnecessary and should be deleted. RMA Comments - Page 16 § 26.64. Commission Approval. (a) The commission will approve an RMA constructing a transportation project under §26.62(2) of this subchapter if: (1) the project is eligible under §26.65 of this subchapter; (2) the project comes from a conforming transportation plan and transportation improvement program, when required by federal law; (3) the project is consistent with the Texas Transportation Plan, the metropolitan transportation plan, and the Statewide Transportation Improvement Program; and (4) the commission determines that the project will have a significant positive impact on the mobility of the region of the RMA. (b) When approving or disapproving a project under subsection (a) of this section, the commission will consider: (1) the anticipated reduction to traffic congestion; (2) potential social, environmental, and economic impacts of the project, and the extent to which the RMA has complied with all EPIC; (3) benefit to state and local govemment; and (4) whether the construction will expand the availability of funding for transportation projects or reduce direct state costs. Explanation of Proposed Change: It appears that the reference in subparagraph (a) to 26.62 should actually be to 26.62(2). That is the only section which refers to an RMA constructing an transportation project, and pursuant to SB 342, is the only use of surplus revenues which requires the consent of the commission. (b) Notwithstanding tho provisions of Subchaptor G of this chaptor to tho RMA Comments - Page 17 Explanation of Proposed Change: This rule purports to add a restriction on the use of surplus revenue derived from a segment of the state highway system converted to a tolled project and transferred to an RMA. This is not a restriction which was required under SB 342 in defining the permissible uses of surplus revenues, and is not necessary to achieve any purpose or requirement of state law. To the extent the concern is the state receiving fair compensation for the value of the asset transferred, in all likelihood the relief to the state from the operations and maintenance costs of the segment of the system as well as the benefits to the public to be gained from the operation of the project by the RMA are sufficient to provide any "value" necessary to support the transfer. Furthermore, this restriction on the use of surplus revenue will be a matter of serious concern to the capital markets for the reasons discussed in connection with 26.56(d) and may preclude an RMA's ability to access necessary capital. RMA Comments — Page 18 CITY OF ROUND ROCK t t , iiuNt t Mayor Robert A. Stlaka, J, Mayor Pro -tem Tom Nielson Council Members Alan McGraw Carrie Pin Earl Palmer Isabel Callahan Gary Coe City Manager Robert L Bennett. Jr City Attorney Stephan L Sheets March 18, 2002 Phillip E. Russell, P.E. Director Texas Turnpike Authority 125 East 11 Street Austin, Texas 78701 -2483 Dear Mr. Russell: The City of Round Rock has been following with interest the concept of Regional Mobility Authorities in Texas from the inception with the Texas Legislature through the current rule making process. We believe that Regional Mobility Authorities have the potential to be extremely useful organizations for developing transportation infrastructure in this State, if appropriate rules that govern their creation, organization, and operation are adopted. Therefore, we are pleased to have an opportunity to comment on the proposed rules. The Round Rock City Council at their March 14, 2002 meeting adopted resolution R- 02- 03- 14 -13D6 authorizing the Mayor to submit the attached comments concerning proposed rules for Regional Mobility Authorities to the Texas Transportation Commission on behalf of the City of Round Rock. Mayor Encls cc: File Fax: 512- 218 -7097 1 -800- 735 -2989 TDD 1 -800- 735 -2988 Voice www.ci.round- rock.tx.us 221 East Main Street Round Rock, Texas 78664 512 -218 -5400