R-90-1529 - 10/23/1990WHEREAS, the City Council approved the 1988 -89 Capital Budget on April
27, 1989, and
WHEREAS, the City Council approved $220,000 for the South Industrial
Boulevard project, and
WHEREAS, the staff has been unable to structure a public /private
agreement for the repayment of construction costs with equity to all parties, and
WHEREAS, the provision of a safer transportation alternative to the Round
Rock area employees of Farmers Insurance Group and Wayne Systems/Dresser
Industry remains an important public purpose,
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK,
TEXAS
That the City Council reaffirms its commitment to this project and directs
the staff to cause the construction of a portion of Corridor Drive from its present
terminus to FM 1325.
RESOLVED this 23rd day of October, 1990.
A'1 1'EST:
RESOLUTION NO. 15 a9
MIKE ROBINSON, Mayor
City of Round Rock, Texas
DATE: October 18, 1990
SUBJECT: City Council Meeting, October 23, 1990
ITEM: 12C. Consider a resolution supporting funding for the Corridor
Drive Extension Project.
STAFF
RESOURCEPERSON: Joe Vining
The City Council approved this item along with other projects as part of the
1988 -89 Capital Budget. At that time staff believed it possible to have this
project constructed as a PID (Public Improvement District). State law
requires the Council to make a finding in the creation of such districts that
all parties benefiting from the improvements must be assessed under a
formula that can be established as equitable to all parties.
Due to the unusual circumstances of this project (some parties did not front
the improvements, some were fully developed, etc.) staff was unable to
establish a formula totally equitable to all parties. However, since the
project is very important in providing area employees a safe and
convenient method of returning to Round Rock, we are recommending that
the project go forward.