CM-08-02-027BLUE SHEET FORMAT
DATE: January 29, 2008
SUBJECT: City Manager - February 1, 2008
ITEM: Action authorizing the City Manager sign a request for loan
funds to be disbursed from the State Infrastructure Bank.
Department: Finance
Staff Person: Cindy Demers, Finance Director
Justification:
This loan disbursement is for the City of Round Rock's approved sixteen
million dollar loan to fund the Hester's Crossing Project.
Funding:
Cost: N/A
Source of funds: N/A
Outside Resources: N/A
Background Information: N/A
Public Comment: N/A
Blue Sheet Format
Updated 01/20/04
ROUND ROCK, TEXAS
PURPOSE. PASSION. PROSPERITY.
February 1, 2008
Mayor
Nyle Maxwell
Mayor Pro -tem
Alan McGraw
Councilmembers
Rufus Honeycutt
Joe Clifford
Carlos T. Salinas
Scott Rhode
Kris Whitfield
City Manager
James R. Nuse, P.E.
City Attorney
Stephan L. Sheets
Mr. James M. Bass, Chief Financial Officer CSJ#0015-09-150
Texas Department of Transportation I-35 at Hester's Crossing
State Infrastructure Bank Round Rock, Texas
125 E. 11th Street
Austin, TX 78701
Dear Mr. Bass,
The Round Rock Transportation System Development Corporation is making
notification for loan funds to be disbursed as stated in Article 2 Section A of the State
Infrastructure Bank Loan Agreement . We are requesting loan proceeds be disbursed as
follows:
$12,556,318 is to be transferred to Texas Department of Transportation for payment on
the Advanced Funding Agreement Amendment #1, CSJ#0015-09-150, I-35 at Hester's
Crossing. The balance of the loan proceeds $3,443,682.00 should be wired to the
following Texpool account.
ABA #011000028 State Street Bank & Trust Company, Boston, MA
BNF = Attn: TexPool account #67573774
RFB = Location ID #78399
OBI = 449,2461700002 City of Round Rock Capital Projects
Please notify us in advance of the date of the actual disbursement. Upon this
disbursement we will receive a revised amortization schedule from you with the due
date for each payment. Thank you for your assistance and please contact Lynn Olsen at
512-218-5437 if you need any further information regarding this matter.
incerely,
es R. Nuse, P.E.
Manager
Cc: Timothy J. Weight, P.E.
Director of Turnpike Construction
Cc: Jennifer Shaw
Finance Division, Texas Dept. of Transportation
Cc: Juli Word
Accounting - TxDOT Austin District
Cc: Thomas G. Martin, P.E.
Director of Transportation Services
CITY OF ROUND ROCK FINANCE DEPT., 221 East Main Street • Round Rock, Texas 78664
Phone 512.218.5400 • Fax 512.341.3301 • www.roundrocktexas.gov