HomeMy WebLinkAboutRES 092821-H - Intent to ReimburseRESOLUTION NO. 0 vz( - 4
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 $39 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 2021.
Resolution No. Oqml - W Page 1 of 2
Description, Bond Reimbursement Resolution
Date Approved: September 28, 2021
2roeder, Mayor
Georgetown, Texas
ATTEST:
r
RobynT2rnore, City Secretary
�reyvved " -6 ,4rrn
SIB W ct4Soh, �zl6,o,�41
Resolution No. Cq a 1 — � Page 2 of 2
Description: Bond Reimbursement Resolution
Date Approved: September 28, 2021
Bond Funded FY22 Projects
co
FY2022
Reimbursement
Resolution
CO
Facilities
PRJ000252: Fire Logistics Building
1,500 000
200,000
Facilities Total
1,500,000
200,000
Fleet
PRJ000280: Public Safety Vehicles - Fire
1,958,000
1,958,000
PRJ000281: Public Safe_t Vehicles -Police
1,277,000
640,000
Fleet Total
3,235,000
2,598,000
Other
PRJ000124: Radio Replacement
575,000
575,000
Other Total
575,000
575,000
Public Sa
PRJ000134: SCBA Replacement
300,000
300,000
Public Sakty Total
300,000
300,000
CO Total
5,610,000
3 673 000
CO - Stormwater
Stormwater
PRJ000274: Curb and Gutter
500,000
500,000
Stormwater Total
500,000
500,000
CO - Stormwater Total
500,000
500,000
CO - GTEC
GTEC
PRJ000183: Costco
2,000,000
-
PRJ000265: Project Diana Witteria Way - Gateway 35
1,700,000
1,700,000
GTEC Total
3,700 000
1,700,000
CO - GTEC Total
3,700,000
1,700,000
C -
9 810 ,0001.
5,871,000:
j
GO
GO - 2008 Parks
Parks
PRJ000089: San Gabriel Park
600,000
150,000
PRJ000253: Southeast Communq Park
4,000,000
40,000
PRJ000278: R ional Trail Development
200,000
4A0,000
Parks Total
4,800,000
4,190,000
GO - 2008 Parks Total
4,800 000
4 190 000
GO - 2008 Road Bond
Streets
PRJ000258: DB Wood Oak Ridge to Williams Dr
7,602,000
3,000,000
Streets Total
7,602,000
3,000,000
GO - 2008 Road Bond Total
7,602,000
3,000,000
GO - 2015 Road Bond
Streets
PRJ000138: 2015 Road Bond Prio6 1 - Downtown Sidewalks
1,000,000
200,000
PRJ000188: D.B . Wood SH 29 to Oak Ride
14,000,000
150,000
PRJ000254: Shell Road
2,252,0001
4,000 000
PRJ000277: Intersection Improvements
1,200,000
L 2,252,000
Streets Total
18,4521000
6,602,000
GO - 2015 Road Bond Total
18,452 000
6 602 000
GO - 2021 Road Bond
Streets
PRJ000209: Southeast Inner Loop
3,000,000
1,500 000
PRJ000254: Shell Road
7,246,000
PRJ000267: Allocations - Intersections/Bike Lanes/Sidewalks
1,750,000
250,000
PRJ000140: Austin Ave Bridge
] 2,150,000
2,150,000
Streets Total
14,146,000
3,900 000
GO - 2021 Road Bond Total
14,146,000
3,900,000
Go Total M OF
46 QQQ OQQ
17,602,000 .
Revenue
Revenue Bond
Electric
PRJ000062: New Development
4,000,000
3,000,000
PRJ000147: Sectionalization Improvements
1,000,000
750,000
PRJ000269: Substation Feeder Exits and Extensions
250,000
150,000
PRJ000270: System Improvements - Power Quaft
150,000
75,000
PRJ000271: System Improvements - Capacity Upgrades
2,000,000
1,500,000
PRJ000279: Electric Fleet Vehicles
656,500
656 500
PRJ000279: Electric Pressure Digger
405,000
405:000
Electric Total
8,461,500
6,536,500
Wastewater
PRJ000261: Dove Springs WWTP Rehabilitation
500,000
500,000
PRJ000165: San Gabriel WWTP Rehabiliation
2,000,000
2,000,000
PRJO00262: Wolf Ranch Expansion and Force Main
1,700,000
400,000
PRJ000057: Lift Station Upgrades
550,000
-
Wastewater Total
4,750,000
2,900,000
Water
PRJ000150: Carriage Oaks Transmission
600,000
600,000
PRJ000155: Southside Water Treatment Plant Rehabilitation
3,000,000
-
_
PRJ000161: Miscellaneous Line Upgrades
500,000
500,000
PRJ000163: Tank Rehabilitation
750,000
250,000
PRJ000260: CR262 Waterline
2,500,000
500,000
PRJ000266: SCADA Upgrades
1,500,000
1,500,000
PRJ000268: System Resiliency
1,000,000
500 000
PRJ000275: EARZ
2,000,000
2,000,000
Water Total
11,850,000
5,850,000
Revenue Bond Total
25,061,500
15,286,500
Revenue Total
25,061,500. 15,28%600
Grand Total 79,871,500 38,851,500
'Doesn't include GMC Remodel because Reimb Resolution was previously approved at the 8/10/2021 Council meeting.