R-13-04-11-G1 - 4/11/2013RESOLUTION NO. R -13-04-11-G1
WHEREAS, on December 20, 2012 the City Council approved the General Self -Financed
Construction 2013 Capital Spending Plan ("Plan"), and
herein.
WHEREAS, the City Council desires to revise said Plan, Now Therefore
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS,
That the Plan is hereby revised as shown in Exhibit "A", attached hereto and incorporated
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 11th day of April, 2013.
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ALAN MCGRAW, Mayor
City of Round Rock, Texas
ATTEST:
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SARA L. WHITE, City Clerk
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ROUND ROCK, TEXAS
PURPM RMOK Mmpwn
City of Round Rock
General Self -Financed Construction
2013 Capital Spending Plan- Revision #1
FY 2013 Unallocated General Financed Construction Total
Total Funding Sources
Total Unallocated General Self -Financed Construction Available
Projects Recommended For Funding
Downtown Parking Enhancements
Total Projects Recommended for Funding
Total Unallocated Self -Financed Construction
EXHIBIT
"A►►
$ 1,862,118
$ 1,862,118
$ 300,000
$ 300,000
$ 1,562,118
City of Round Rock
'ROUND ROCK, TEXAS
PUMGOSE. PISLON PROSPFRITI'
Agenda Item Summary
Agenda Number: GA
Title: Consider a resolution approving Amendment No. 1 to the FY2013 General
Self -Financed Construction Budget.
Type: Resolution
Governing Body: City Council
Agenda Date: 4/11/2013
Dept Director: Cheryl Delaney, Finance Director
Cost:
Indexes:
Attachments: Resolution, Exhibit "A"
Text of Legislative File 13-167
The General Self -Financed Construction fund was created in 1999 and has funded over $79M 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 $300,000 for parking lot
enhancements in the downtown area.
Staff recommends approval.
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