CM-08-03-060BLUE SHEET FORMAT
DATE: March 5, 2008
SUBJECT: City Manager - March 7, 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 to clarify the loan disbursement 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.
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
CAM -US3-u -cLo0
March 7, 2008
Mr. James M. Bass
Chief Financial Officer
Texas Department of Transportation
State Infrastructure Bank
125 E. 11th Street
Austin, TX 78701
RE: CSJ#0015-09-150
I-35 at Hester's Crossing
Round Rock, Texas
Dear Mr. Bass,
The Round Rock Transportation System Development Corporation made notification on
February 1, 2008 for loan funds to be disbursed. We are asking that you please disregard
the previous disbursement instructions and disburse the proceeds in accordance with the
State Infrastructure Bank Loan Agreement. Please transfer the amount of $16,000,000 in
the Corporation's depository bank. The following are wire instructions for the City of
Round Rock's Operating account which is the account used by the Round Rock
Transportation System Development Corporation.
ABA #026009593 Bank of America
Beneficiary Account: City of Round Rock Operating Account
Beneficiary Account: #004795846821
Please let us know 24 hours in advance of the deposit so we may comply with our
collateral requirements. Please send an amortization schedule upon completion of the
deposit.
Thank you for your assistance and please contact Lynn Olsen at (512) 218-5437 if you
need any further information regarding this matter.
Sincerely,
. Nuse, P.E.
Cid anager
cc: Timothy J. Weight, P.E.
Jennifer Shaw
Juli Word
Thomas G. Martin, P.E.
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