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 determines 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) Determine if the two projects listed meet the requirements for a project pursuant to the Local Government Code and establish budgets for these two new projects. Proposed budget for the following projects:
a) Add budget for new project Sam Bass Rd & Hairy Man Rd Intersection Improvements by $1,000,000 for engineering services.
b) Add budget for new project CR 118 by $1,000,000 for engineering services.
2) Increase budget for the following projects:
a) Increase the budget for Segment 1 of Eagles Nest (N. Mays to Cypress) by $12,000,000 for Construction & Contingency
b) Increase the budget for Deep Wood Dr Extension (RM 620 to Sam Bass Rd) by $2,200,000 for Engineering Services
This amendment to the TCIP budget results in an additional programming of Type B $16,200,000.