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Consider an ordinance authorizing the issuance of Combination Tax and Limited Revenue Certificates of Obligations, Series 2025; 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, Second Reading Not Required)
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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) Year 2 of the City’s 2023 5-year Roadway Master Plan including, but not limited to Arterial Bottleneck and Sidewalk Improvements, Chisholm Trail North and South, County Road 112, County Road 118, Deep Wood Drive, 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, Sam Bass & Hairy Man Road Intersection Improvements, US 79, and Wyoming Springs; and (2) 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 debt is expected to be paid per agreement by the Round Rock Transportation and Economic Development Corporation.