Title
Consider an ordinance authorizing the issuance of Combination Tax and Limited Revenue Certificates of Obligations, Series 2024; levying an ad valorem tax and pledging certain revenues in support thereof; awarding the sale of the Certificates and authorizing other matters related to the Certificates. (First Reading)*
Body
This item will award the sale of the certificates in the aggregate principal amount of $20,000,000 for paying all or a portion of the City’s contractual obligations incurred or to be incurred for (1) design and initial phase of the City’s public works complex expansion comprised of office and administrative facilities for City transportation employees and equipment and for maintenance of City police, fire, utility and transportation vehicles; (2) Year 1 of the City’s 2023 5-year Roadway Master Plan including, but not limited Chisholm Trail North and South, County Road 112, Eagles Nest, Gattis School Road Segments 2, 4, 5, and 6, Greenlawn Boulevard, Harrell Parkway, Kenney Fort Boulevard Segments 5 & 6, North Mays Gap/Widening, Old Settlers Boulevard, Red Bud North and South, US 79 and Wyoming Springs and (3) professional services including fiscal, engineering, architectural and legal fees and other such costs incurred in connection therewith including the costs of issuance in connection with the Certificate.
The road portion of this debt is $10,000,000 and is expected to be paid per agreement by the Round Rock Transportation and Economic Development Corporation