Title
Consider a resolution approving the action of the Round Rock Transportation and Economic Development Corporation in amending the Transportation Capital Improvement Program (TCIP).
Body
This amendment to the Transportation Capital Improvement Program (TCIP) includes a budget adjustment and determining the projects listed in the TCIP meet the requirements for a project pursuant to the Local Government Code. The primary objective of this amendment is to increase or add additional funding for multiple projects. The items included in the amendment are the following:
1) Increase budget for the following projects:
a) Increase the budget for Red Bud North (US 79 to CR 117) by $18,200,000 for Construction & Contingency.
b) Increase the budget for Old Settlers Boulevard (N Red Bud Lane to CR 110) by $5,300,000 for Construction & Contingency.
c) Increase the budget for Wyoming Springs - Segment 1 (Creek Bend Boulevard/Brightwater Boulevard to FM3406/Old Settlers Boulevard) by $6,000,000 for Construction & Contingency
This amendment to the TCIP budget results in an additional programming of Type B by $29,500,000.