CM-08-02-048BLUE SHEET FORMAT
DATE: February 12, 2008
SUBJECT: City Manager - February 15, 2008
ITEM: Action authorizing the City Manager sign a letter requesting
loan funds to be disbursed from the State Infrastructure Bank.
Department: Finance
Staff Person: Cindy Demers, Finance Director
Justification:
This is the final loan disbursement is for the City of Round Rock's approved
seven million dollar loan to fund the IH35 Modifications 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.
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
February 15, 2008
Mr. James M. Bass
Chief Financial Officer
Texas Department of Transportation
State Infrastructure Bank
125 E. 1 1th Street
Austin, TX 78701
RE: CSJ#0015-09-148
I35: NBF from Westinghouse Rd. S to Chandler Rd.
Round Rock, Texas
Dear Mr. Bass,
The Round Rock Transportation System Development Corporation was approved for a
$7,000,000 loan on the above referenced project. On January 5, 2006 a portion of this
loan in the amount of $6,201,377.57 was transferred to Texas Department of
Transportation Austin District Office for payment on the project.
The Corporation would like to request the unused balance of the loan in the amount of
$798,622.43 to also be transferred to the Texas Department of Transportation for payment
as additional funds were required. Please let us know if the transfer is acceptable and
when it will take place. Upon this transfer we will need a revised amortization schedule
from you.
Thank you for your assistance and please contact Lynn Olsen at (512)218-5437 if you
need any further information regarding this matter.
Sincerely,
R. Nuse, P.E.
CManager
cc: Mr. Dorn Smith, Accounting Manager, TXDOT
Ms. Jennifer Shaw, Financial Analyst, TXDOT
Mr. David Boone, Engineering Specialist, TXDOT
Mr. Danny Stabeno, Engineering Specialist, TXDOT
Mr. Thomas G. Martin, P.E., City of Round Rock
Ms. Cindy Demers, Finance Director, City of Round Rock
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
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