Title
Consider a resolution authorizing the Mayor to execute the Fifth Amendment to the Master Contract for the Financing, Construction, and Operation of the BCRUA Regional Water Treatment and Distribution Project.
Body
To apply for 2021 Texas Water Development Board SWIFT Loans, the Brushy Creek Regional Utility Authority (BCRUA) Board and all three City Councils must amend the Master Agreement to add authorization for Phase 2 construction debt issuance.
The amendment updates Exhibit D-1, which adds $239,580,000 for Phase 2 Construction & Construction Phase Services and $19,535,000 for Permanent Electrical Improvement Design, Construction & Construction Phase Services (not including debt issuance costs and $5,000 incremental bond unit costing).
At a later date, we will need to update the existing Exhibit D to the Master Agreement to reflect final expense allocations related to all Phase 1A savings, as well as incorporating the Phase 1B, 1C and 1D treatment plant expansions. We anticipate that this can be accomplished in mid-2021.
Round Rock’s portion of Phase 2 is 28.19% of the project, which equals $79,753,078.
Cost: $79,753,078
Source of Funds: Regional Water Fund