R-12-12-20-H2 - 12/20/2012RESOLUTION NO. R-12-12-20-112
WHEREAS, the City Staff and the City Council have studied and assessed the needs of the
City for certain capital projects, and
WHEREAS, the City Council desires to prioritize and fund these needed capital projects from
the Self -Financed Construction Fund, Now Therefore
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS,
That the list of capital projects along with their estimated costs as shown in Exhibit "A",
attached hereto and incorporated herein, are approved for funding from the General Self -Financed
Construction Fund.
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.
RESOLVED this 20th day of December, 2012.
ALAN MCGRAW, Mayor
City of Round Rock, Texas
ATTEST:
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SARA L. WHITE, City Clerk
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"ROtUNDK, TEXASN. PROSPERITY.
City of Round Rock
General Self -Financed Construction
2013 Capital Spending Plan
FY 2012 Unallocated General Financed Construction Total $ 1,726,493
Funding Sources
FY2012 Fund Balance Transfer -Budget Revision #2
$ 7,610,625
Total Funding Sources $ 7,610,625
Total Unallocated General Self -Financed Construction Available $ 9,337,118
Projects Recommended For Funding
Parks Capital Improvements $ 750,000
Information Technology Capital Improvements 650,000
HR/Payroll/Finance System Upgrade 685,000
Street Maintenance 315,000
615 Palm Valley (Muni Court & PARD facilities) 500,000
Sports Complex 3,000,000
PD Roof replacement 1,000,000
Rabb House 500,000
Community Foundation 75,000
Total Projects Recommended for Funding
Total Unallocated Self -Financed Construction
EXHIBIT
„A„
$ 7,475,000
$ 1,862,118
ROUND ROCK, TEXAS City Council Agenda Summary Sheet
PURPOSE. PASSION. PROSPERITY.
Agenda Item No. H2.
Consider a resolution approving the funding of certain capital projects from the General
Agenda Caption: Self -Financed Construction Fund.
Meeting Date: December 20, 2012
Finance
Staff Person making presentation: Cheryl Delaney
Finance Director
Item Summary:
The General Self -Financed Construction fund was created in 1999 and has funded over $70M in projects. The City's
financial strategy of cash funding for projects which the City would normally issue debt has saved the taxpayers of
Round Rock at least 12 cents on the property tax rate by avoiding the issuance of debt. This strategy has reduced
the need to borrow funds while allowing the City to continue to keep up with the growing demand.
This General Self -Financed Construction spending plan revision will allocate approximately $7.9M in funding for the
following: continued funding of the capital programs for parks maintenance, Information technology, street
maintenance; construction and repairs of City existing city facilities and additional costs related to the sports
complex. Included in the packet is a listing of the various projects and associated amounts.
Cost:
Source of Funds
$7,900.000-allocatd amount
General Self -Financed Construction
Recommended Action: Approval