Title
Consider a resolution approving the action of the Round Rock Transportation and Economic Development Corporation to approve the Northeast Downtown Improvements and Parking Garage as authorized Type B Projects to be funded with Type B revenues.
Body
The Northeast Downtown Improvements project (NEDT) is in the design phase. This project scope is comprised of the following:
Northeast Downtown Improvements and Parking Garage (total cost = $23.253M):
Type B (EIP) Funded ($16.027M - pending approval)
Dry utilities - $1.124M
Contingency - $1.503M
Parking garage - $13.4M
Type B Funded (approved on previous TCIP amendment #42)
Transportation improvements - $2.962M
Non-Type B Funded ($4.264M)
Wastewater improvements - $839k
Waterline improvements - $1.132M
Stormwater improvements - $2.293M
This agenda item is to approve the action of the Round Rock Transportation and Economic Development Corporation amendment to fund the NEDT dry utilities, contingency costs, and parking garage costs totaling $16.027M from the Type B fund EIP. This would result in approximately $18.989M of the NEDT project costs funded by Type B (includes previous amount in TCIP amendment #42).