R-06-05-25-11B1 - 5/25/2006RESOLUTION R -06-05-25-11B1
WHEREAS, the City Council of the City hereby finds and determines
that there is an urgent need for the City to improve the City's water
system, and
WHEREAS, such capital improvements cannot be reasonably financed
unless financial assistance is obtained from the Texas Water
Development Board, and
WHEREAS, the City Council now desires to request financial
assistance in an amount not to exceed Twelve Million and No/100 Dollars
($12,000,000), Now Therefore
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS
THAT,
1. The City Manager is hereby authorized to file with the Texas
Water Development Board an application for financial assistance in an
amount not to exceed Twelve Million and No/100 Dollars ($12,000,000) to
provide for the costs of construction of improvements to the City's
water system.
2. The City Manager is hereby designated as the authorized
representative of the City for purposes for furnishing such information
and executing such documents as may be required in connection with the
preparation and filing of such application for financial assistance and
complying with the rules of the Texas Water Development Board.
3. The following firms and individuals are hereby authorized and
directed to aid and assist in the preparation and submission of such
application and appear on behalf of and represent the City before any
hearing held by the Texas Water Development Board on such application,
to wit:
(a PFDesktop ::ODMA'WORLDOX'O. WDOX RESOLUTI R60525B I.WPD'sIs
Financial Advisor
Mr. Garry Kimball
First Southwest Company
300 West 6t'' Street, Suite
Austin, Texas 78701
512-481-2000
General Counsel
Mr. Stephan L. Sheets
Sheets & Crossfield, P.C.
309 E. Main Street
Round Rock, Texas 78664
512-255-8877
Bond Counsel
Ms. Carol Polumbo
McCall,Parkhurst & Horton L.L.P.
1940 600 Congress Avenue, Suite 1250
Austin, Texas 78701
512-478-3805
Engineer
Mr. Allen Woelke, P.E.
Camp Dresser & McKee, Inc.
12357-A Riata Trace Parkway, Suite
210
Austin,Texas 78727
512-346-1100
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 25th day of May, 2006.
A T ST:
vh,E) R.71Yl
Mayor
City of Round Rock, Texas
CHRISTINE R. MARTINEZ, City Secre
ary
2
DATE: May 18, 2006
SUBJECT: City Council Meeting - May 25, 2006
ITEM: 11.6.1. Consider a resolution requesting financial assistance from the
Texas Water Development Board for improvements to the City's
water system.
Department: Finance
Staff Person: Cindy Demers, Director
Tom Clark, Utilities Director
Justification:
In 2005, the City of Round Rock submitted a project proposal to the Texas Water
Development Board (TWDB) for funding consideration through the FY 2006 Drinking Water
State Revolving Fund (DWSRF). The project submitted - Raw Water Delivery System is on
the utility's capital improvement program and will provide capacity improvements to Round
Rock's intake pumps and transmission system at Lake Georgetown. The City has been
notified that the project was accepted to the TWDB Intended Use Plan making it eligible for
funding through the revolving loan program. This action authorizes the City to file the
appropriate application information to TWDB for the loan. It does not commit the City to
accept the loan.
Funding:
Cost: N/A
Source of funds: N/A
Outside Resources: Texas Water Development Board
Background Information:
The DWSRF offers the City a very competitive alternative financing method to traditional
open market financing and fits well with the overall debt service structure of the utility.
Currently, the insured DWSRF loan rate is 2.95% for up to 20 years.
Public Comment: N/A
TEXAS WATER D E VELOPME\
E. G. Rod Pittman, Chairman
William W. Meadows, Member
Dario Vidal Guerra, Jr.. Member
March 1, 2006
Ms. Sharia Wojcik
City of Round Rock
221 East Main Street
Round Rock, Texas 78664
J. Kevin Ward
Executive Administrator
Re: FY 2006 Drinking Water State Revolving Fund
Dear Ms. Wojcik:
Jack Hunt, Vice Chairman
Thomas Weir Labatt III, Member
James E. Herring, Member
This letter serves as official notice that the proposed project for the City of Round Rock (City), as
described in the FY 2006 DWSRF Intended Use Plan (IUP), is within the amount of available DWSRF
funds. Please consider this letter as your invitation to submit a financial application for funding
consideration under the DWSRF program. Your completed application must be received by June 1,
2006, and a loan commitment from the Texas Water Development Board (Board) must be received
by September 1, 2006. If your application is not received by this deadline, pursuant to Section 371.21
of the Board rules, your project will be moved to the bottom of the FY 2006 Intended Use Plan priority
list for the remainder of the funding year.
The next step is to schedule a pre -application conference with Ms. Sammye Hodges of our staff at
(512)936-2118. We recommend that a pre -application conference be scheduled soon as possible due to
the timeframe required for submittal of an application. If the City is unable to complete an application by
the deadline or chooses not to access the funding, please notify the Board in writing. A notification form
is enclosed for your convenience. The DWSRF functions on a priority ranking system and funding is
limited. Receipt of this notice will enable us to extend an opportunity to many public water systems that
have expressed interest in receiving DWSRF loans but could not due to unavailable funding.
We look forward to working with you on your water improvement project. Should you have any
questions or comments, please do not hesitate to contact me at (512) 463-7509.
Sincere
Wendall C. Branif
Interim Deputy Executive Administrator
Office of Finance and Construction Assistance
Enclosure
WCB:BC:lt
cc: Doug Holcomb, Texas Commission on Environmental Quality (TCEQ)
Our Mission
To provide leadership, planning, .financial assistance, information, and education for the conservation and responsible development of water for Texas.
P.O. Box 13231 • 1700 N. Congress Avenue • Austin, Texas 7871 1-3231
Telephone (512) 463-7847 • Fax (512) 475-2053 • 1-800-RELAYTX (for the hearing impaired)
URL Address: http://www.twdb.state.tx.us • E -Mail Address: info@twdb.state.tx.us
TNRIS - The Texas Information Gateway • www.tnris.state.tx.us
A Member of the Texas Geographic Information Council (TGIC) LLZ
C�'�
on G2f(,3
eg4 tyyfication, &Idea in. de aty, Seereia/ry a 4.ce