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 number of 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:
Reduce the budget on a number of projects. Notable reductions include:
a) Reduce Mays/Rabbit Hill (formerly Oakmont) project by - $500,000;
b) Reduce La Frontera Streets Continuation project by - $338,465;
c) Reduce Southeast Downtown project by - $336,381;
d) Reduce Southwest Downtown Phase 5B project by - $300,000;
e) Reduce Kenney Fort Blvd Segment 4 by - $750,000
Increase the budgets for a number of projects. Increases are proposed for the following projects:
a) Multipurpose Sports Complex - Partial Arterial Roads project by - $750,000
b) Kenney Fort Blvd Segment 4 project by - $775,000
c) Arterial Sidewalks project by $295,000;
d) Neighborhood Connectivity-Texas Ave. and Logan Dr. project by $714,880;
e) 2012-2016 Major Maintenance Program project by - $786,381
This amendment to the TCIP budget results in a net effect of $775,000.