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Home My WebLink AboutRES 092424-5.Q - Bond Reimbursement FY2025RESOLUTION NO. 09292q -5. Q 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 $157,174,400 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 obligations 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 September 24, 2024. ATTEST: Robyn De more, City Secretary PO Exhibit A 120 Fire EMS Stryker Stretchers 93,300.00 93,300.00 Fire Total 93,300.00 93,300.00 Fleet Public Safety Vehicles - Fire 3,200,000.00 3,200,000.00 Public Safety Vehicles - Police 1,076,500.00 1,076,500.00 Fleet Total 4,276,500.00 4,276,500.00 Parks Park Capital Equipment Replacement 709,000.00 600,000.00 Park Improvements - Heritage Community Garden (MP High Priority) 275,000.00 275,000.00 Park Improvements - McMaster's Pickleball Courts 400,000.00 400,000.00 Park Safety Improvements 600,000.00 250,000.00 San Gabriel Park Low Water Crossing 1,400,000.00 400,000.00 Parks Total 3,384,000.00 1,925,000.00 Public Safety Public Safety Radio Replacement & Tower Repair 2,000,000.00 2,000,000.00 Public Safety Total 2,000,000.00 2,000,000.00 Streets DB Wood (Oak Ridge to Williams Dr) 2,590,000.00 750,000.00 Rockride Lane 715,000.00 715,000.00 Shell Rd 5,915,000.00 3,000,000.00 Williams Drive 2,000,000.00 1,000,000.00 Streets Total 11,220,000.00 5,465,000.00 120 Total 20,973,800.00 13,769,800.00 402 GTEC San Gabriel Village Blvd Roundabout 3,000,000.00 850,000.00 Southeast Inner Loop 16,395,000.00 1,750,000.00 Wolf Ranch Parkway- GTEC 25,000,000.00 2,000,000.00 GTEC Total 44,395,000.00 4,600,000.00 402 Total 44,395,000.00 4,600,000.00 642 Stormwater Curb and Gutter 800,000.00 800,000.00 Master Plan CIP Implementation - Year 1 235,000.00 235,000.00 Stormwater Total 1,035,000.00 1,035,000.00 642 Total 1,035,000.00 1,035,000.00 Certificate of Obligation (CO) Total 66,403,800.00 19,394,800.00 Grand Total 66,403,800.00 19,394,800.00 3 120 Streets 2015 Road Bond 2015 Road Bond Priority 1- Sidewalks 1,000,000.00 250,000.00 Northeast Inner Loop/Stadium Drive 1,500,000.00 300,000.00 2015 Road Bond Total 2,500,000.00 550,000.00 2021 Road Bond Allocations - Intersections/ Bike Lanes/ Sidewalks 1,750,000.00 1,000,000.00 Southeast Inner Loop 15,891,600.00 1,250,000.00 Williams Drive 5,150,400.00 1,000,000.00 2021 Road Bond Total 22,792,000.00 3,250,000.00 Streets Total 25,292,000.00 3,800,000.00 Facilities 2023 Facility Bond Animal Shelter 3,000,000.00 3,000,000.00 YMCA Partnership 10,000,000.00 2,000,000.00 2023 Facility Bond Total 13,000,000.00 5,000,000.00 Facilities Total 13,000,000.00 5,000,000.00 120 Total 38,292,000.00 8,800,000.00 General Obligation (GO) Total 38,292,000.00 8,800,000.00 Grand Total 38,292,000.00 8,800,000.00 612 Electrical Engineering New Development 9,000,000.00 6,750,000.00 System Improvements - Capacity Upgrades 9,799,262.00 7,349,446.50 System Improvements - Operation Technology (SCADA/AMI/Network/UtilitySoftware) 55,250.00 41,437.50 System Improvements - Power Quality 231,000.00 173,250.00 Electrical Engineering Total 19,085,512.00 14,314,134.00 Fleet Electric New Fleet 445,000.00 445,000.00 Electric Replacement Vehicles 880,000.00 880,000.00 Fleet Total 1,325,000.00 1,325,000.00 612 Total 20,410,512.00 15,639,134.00 662 Fleet New Program Vehicles - Wastewater (8 yr) 390,000.00 390,000.00 New Program Vehicles - Water (8 yr) 1,829,000.00 1,829,000.00 Fleet Total 2,219,000.00 2,219,000.00 Wastewater Operations Church Street Wastewater Improvements 200,000.00 100,000.00 Cimarron Hills WWTP LS & Gravity Diversion 6,807,000.00 1,500,000.00 Cowan Creek Interceptors (CC1, CC2, CC7 - North Lake, Williams/Reagan Area) (parallel21") 5,000,000.00 750,000.00 Dove Springs Package Plant -Purchase 4,000,000.00 250,000.00 EARZ 2,500,000.00 350,000.00 Lift Station Upgrades 750,000.00 300,000.00 San Gabriel Interceptor (SGI-2) 3,000,000.00 300,000.00 Wastewater Operations Total 22,257,000.00 3,550,000.00 Water Operations Cedar Hollow Waterline Improvements 5,900,000.00 750,000.00 Daniels Mountain Pump Station and Waterline - PRJ000152 4,000,000.00 4,000,000.00 Daniels to Hoover Transmission Waterline Improvements - PRJ000494 3,000,000.00 1,250,000.00 Elevated Storage Tank -West 1240 7,000,000.00 3,000,000.00 FM 1869 Water Line Relocations 1,000,000.00 500,000.00 Ground Water Supply from East 17,000,000.00 17,000,000.00 Lake Water Treatment Plant Zebra Mussel Mitigation 700,000.00 500,000.00 Miscellaneous Line Upgrades 550,000.00 275,000.00 PFAS (Chemical) Study and Treatment for Park WTP 500,000.00 300,000.00 System Resiliency 15,000,000.00 3,000,000.00 Water Meters 2,000,000.00 1,300,000.00 Water Service Line Replacements 500,000.00 100,000.00 Water Tank Rehabilitation 1,000,000.00 750,000.00 Westside Service Center Building Upgrade 5,250,000.00 3,500,000.00 Williams Drive Waterline Improvements 2,000,000.00 1,000,000.00 Water Operations Total 65,400,000.00 37,225,000.00 662 Total 89,876,000.00 42,994,000.00 1 r• I -I Grand Total 110,286,512.00 58,633,134.00 G