HomeMy WebLinkAboutRES 092419-AM - Reimburse CIPRESOLUTION NO. 01, 4{ tot, ftK
RESOLUTION EXPRESSING OFFICIAL INTENT TO REIMBURSE CERTAIN
EXPENDITURES OF THE CITY OF GEORGETOWN, TEXAS
WHEREAS, the City Council of the City of Georgetown, Texas (the "Issuer") expects to pay
expenditures in connection with the projects described in Exhibit A (the "Projects") prior to the issuance
of obligations to finance the Projects; and
WHEREAS, the Issuer finds, considers and declares that the reimbursement of the Issuer for the
payment of such expenditures will be appropriate and consistent with the lawful objectives of the Issuer
and, as such, chooses to declare its intention, in accordance with the provisions of Section 1.150-2 of the
Treasury Regulations, to reimburse itself for such payments at such time as it issues obligations to
finance the Projects, Now Therefore
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF GEORGETOWN,
TEXAS:
Section 1. The Issuer reasonably expects to incur debt, as one or more separate series of
various types of obligations, with an aggregate maximum principal amount not to exceed $24 million for
the purpose of paying the costs of the Projects.
Section 2. All costs to be reimbursed pursuant hereto will be capital expenditures. No tax-
exempt obligations will be issued by the Issuer in furtherance of this Resolution after a date which is
later than 18 months after the later of (1) the date the expenditures are paid or (2) the date on which the
property, with respect to which such expenditures were made, is placed in service.
Section 3. The foregoing notwithstanding, no tax-exempt obligation will be issued pursuant
to this Resolution more than three years after the date any expenditure which is to be reimbursed is paid.
The City Council hereby finds and declares that written notice of the date, hour, place and subject
of the meeting at which this Resolution was adopted was posted and that such meeting was open to the
public as required by law at all times during which this Resolution and the subject matter hereof were
discussed, considered and formally acted upon, all as required by the Open Meetings Act, Chapter 551,
Texas Government Code, as amended.
RESOLVED this day of 12019.
Dale Ross, Mayor
City of Georgetown, Texas
ATTEST:
Robyn Dense orc, City Secretary
EXHIBIT A
DESCRIPTION OF PROJECTS
FY2020
Reim Res
CO
Airport
Construct Airport Maintenance / Equipment Storage Facility
750,000.00
750,000.00
Airport Total
750,000.00
750,000.00
Facilities
Fuel Station - CO Portion
550,000.00
550,000.00
GMC Remodel
250,000.00
250,000.00
Facilities Total
800,000.00
800,000.00
Fleet
Public Safety Vehicles - Fire
2,200,000.00
2,200,000.00
Public Safety Vehicles - Police
740,200.00
740,200.00
Public Safety Vehicles - Police New
246,000.00
246,000.00
Radio Replacement
129,000.00
129,000.00
Fleet Total
3,315,200.00
3,315,200.00
GTEC
SE Inner Loop
4,700,000.00
2,500,000.00
GTEC Total
4,700,000.00
2,500,000.00
Parks
ADA Transition Plan
150,000.00
150,000.00
Neighborhood Park Development
250,000.00
250,000.00
Parks Master Plan
200,000.00
200,000.00
Tennis Center Pool Demolition
70,000.00
70,000.00
Parks Total
670,000.00
670,000.00
Public Safety
Body Cameras
800,000.00
800,000.00
Cardiac Monitors
225,000.00
225,000.00
SCBA Replacement
290,000.00
290,000.00
Public Safety Total
1,315,000.00
1,315,000.00
Stormwater
Curb and Gutter
650,000.00
250,000.00
Stormwater Total
650,000.00
250,000.00
Streets
Austin Avenue Bridges
1,000,000.00
0.00
Westinghouse & Scenic Lake Traffic Signal
600,000.00
600,000.00
Streets Total
1,600,000.00
600,000.00
CO Total
13,800,200.00
10,200,200.00
GO
Parks
Regional Trail Development
1,275,000.00
500,000.00
3
San Gabriel Park
600,000.00
600,000.00
Parks Total
1,875,000.00
1,100,000.00
Streets
2015 Road Bond Priority 1- Downtown Sidewalks
1,000,000.00
1,000,000.00
Intersection Improvements
1,400,000.00
400,000.00
Leander Road (Norwood to South West Bypass)
3,200,000.00
100,000.00
Northwest Blvd Bridge
750,000.00
750,000.00
Southwestern Blvd.
2,650,000.00
2,650,000.00
Streets Total
9,000,000.00
4,900,000.00
GO Total
10,875,000.00
6,000,000.00
REV
Electric
Consultant Engineer
150,000.00
100,000.00
Feeders
160,000.00
107,000.00
Fiber Optic
50,000.00
35,000.00
New Development
3,500,000.00
2,350,000.00
Power Quality Imp
50,000.00
35,000.00
Sectionalization Imp
100,000.00
67,000.00
Electric Total
4,010,000.00
2,694,000.00
Water
Carriage Oaks Transmission
500,000.00
500,000.00
CR262 Waterline
500,000.00
500,000.00
Hoover Pump Station
750,000.00
250,000.00
LWTP Raw Water Intake Rehabilitation
8,000,000.00
405,800.00
Miscellaneous Line Upgrades
250,000.00
0.00
Round Rock Supply Line
300,000.00
300,000.00
Round Rock Supply Pump Station and Ground Storage Tank
1,000,000.00
1,000,000.00
South West Bypass Water (H24-1)
1,800,000.00
450,000.00
Southside Water Treatment Plant Rehab
2,250,000.00
450,000.00
Stonewall Ranch PS Improvements
2,500,000.00
500,000.00
Tank Rehabilitation
750,000.00
750,000.00
Water Total
18,600,000.00
5,105,800.00
REV Total _
22,610,000.00
7,799,800.00
Grand Total
47,285,200.00
24,000,000.00
4