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 budget reductions and increases. The primary objective of this amendment is to adjust funding for several projects. Some of the items included in the amendment are the following:
1) Reduce the budget on a number of projects. Notable reductions include:
a) Reduce funds for the FM 3406 project by $500,000;
b) Reduce funds for the Transportation Master Plan project by $100,000
c) Reduce funds for the Southwest Downtown Phase 5A project by $300,000; and
d) Reduce funds for the Red Bud North (north of Hwy 79) project by $322,000
2) Increase the budgets for a number of projects. Increases are proposed for the following projects:
a) Increase the budget for landscaping projects for Creek Bend and Southwest Downtown Phase 5A by $850,000
b) Increase the budget for engineering of the Gattis School Road Segment 3 project by $400,000
c) Increase the budget for Logan Bridge (west of A.W. Grimes) project by $250,000
d) Increase the budget for Red Bud North (north of Hwy 79) project by $322,000
This amendment to the TCIP budget results in a net effect of $600,000