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Home My WebLink AboutRES 092325-5.W - Bond Reimbursement FY2025RESOLUTION NO. M23Z5 -S VJ A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GEORGETOWN, TEXAS, AUTHORIZING THE EXPRESSION OF OFFICIAL INTENT TO REIMBURSE CERTAIN EXPENDITURES OF THE CITY; REPEALING CONFLICTING RESOLUTIONS; INCLUDING A SEVERABILITY CLAUSE; AND ESTABLISHING AN EFFECTIVE DATE. WHEREAS, the City Council of the City of Georgetown, Texas (the "City") 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 City Council finds, considers and declares that the reimbursement of the City for the payment of such expenditures will be appropriate and consistent with the lawful objectives of the City and, as such, chooses to declare its intention, in accordance with the provisions of Section 1.150-2 of the U.S. Department of the Treasury's regulations, to reimburse itself for such payments at such time as it issues obligations to finance the Projects; and WHEREAS, the City Council finds it to be in the best interest of the public to express such official intent, as set out herein. NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF GEORGETOWN, TEXAS: Section 1. The meeting at which this resolution was approved was conducted in compliance with the Texas Open Meetings Act, Texas Government Code, Chapter 551. Section 2. The facts and recitations contained in the preamble of this resolution are hereby found and declared to be true and correct and are incorporated by reference herein and expressly made a part hereof, as if copied verbatim. Section 3. The City 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 $227,897,000 for the purpose of paying the costs of the Projects. Section 4. All costs to be reimbursed pursuant hereto will be capital expenditures. No tax- exempt obligations will be issued by the City in furtherance of this Resolution after a date which is later than 18 months after the later of (1) the date the expenditures are paid or (2) the date on which the property, with respect to which such expenditures were made, is placed in service. Section 5. The foregoing notwithstanding, no tax-exempt obligations will be issued pursuant to this Resolution more than three years after the date any expenditure which is to be reimbursed is paid. Resolution Number: OUSZS -5.11 Page 1 of 7 Subject: Bond Reimbursement Resolution Date Approved: 9/23/2025 Section 6. All resolutions that conflict with the provisions of this resolution are hereby repealed, and all other resolutions of the City not in conflict with the provisions of this resolution shall remain in full force and effect. Section 7. If any provision of this resolution, or application thereof, to any person or circumstance, shall be held invalid, such invalidity shall not affect the other provisions, or application thereof, of this resolution, which can be given effect without the invalid provision or application, and to this end the provisions of this resolution are hereby declared to be severable. Section 8. The Mayor is hereby authorized to sign this resolution and the City Secretary to attest. This resolution shall become effective and be in full force and effect immediately in accordance with the provisions of the City Charter of the City of Georgetown. Resolution Number: 04ZZ5 — S. W Page 2 of 7 Subject: Bond Reimbursement Resolution Date Approved: 9/23/2025 PASSED AND APPROVED on the 23rd of September, 2025. ATTEST: E CITY OF GEORGETOWN: Robyn De ore, City Secretary Josh Schro , ayor APPROVED AS TO FORM: Skye asson, City Attorney Resolution Number: Otj2J2$ - Jr, W Page 3 of 7 Subject: Bond Reimbursement Resolution Date Approved: 9/23/2025 EXHIBIT A 120 Annual Intersection Improvements Blue Hole Park Improvements Chautauqua Park Renovations Fire Station 8 Leander Rd Library Facility Expansion/Renovation Design Park Capital Equipment Replacement Park Improvements - MP Medium Priority Parks and Recreation Shop Building Renovation Public Safety Radio Replacement & Tower Repair Regional Trail - Berry Creek Trail W. Phase 1 120 Total 402 Wolf Ranch Parkway - GTEC 402 Total 520 Public Safety Vehicles - Fire Public Safety Vehicles - Police 520 Total 602 Air Traffic Control Tower Equipment Cutter North Roof Replacement 602 Total 642 1401 Pine Street 907 N. Myrtle Pine St & Hogg St. Randolph Rd Drainage Improvements 642 Total 1,000,000.00 1,000,000.00 525,000.00 1,081,500.00 11,959,000.00 200,000.00 893,000.00 100,000.00 12,000.00 1,926,000.00 1,000,000.00 19,696,500.00 1,000,000.00 500,000.00 400,000.00 271,000.00 11,959,000.00 100,000.00 893,000.00 100,000.00 12,000.00 1,926,000.00 500,000.00 17,661,000.00 7,500,000.00 2,500,000.00 7,500,000.00 2,500,000.00 3,857,000.00 2,800,000.00 6,657,000.00 120,000.00 560,000.00 680,000.00 250,000.00 530,000.00 200,000.00 270,000.00 1,250,000.00 3,857,000.00 2,800,000.00 6,657,000.00 120,000.00 560,000.00 680,000.00 250,000.00 530,000.00 200,000.00 270,000.00 1,250,000.00 ation (CO) Total , , , Resolution Number: Subject: Bond Reimbursement Resolution Date Approved: 9/23/2025 Page 4 of 7 •• • • 120 Facilities Customer Service Center 49,000,000.00 980,000.00 Recreation Center Renovation - Expansion 4,000,000.00 1,200,000.00 YMCA Partnership 10,000,000.00 10,000,000.00 Facilities Total 63,000,000.00 12,180,000.00 Streets 2015 Road Bond Priority 1- Sidewalks 1,000,000.00 1,000,000.00 Streets Total 1,000,000.00 1,000,000.00 120 Total 64,000,000.00 13,180,000.00 612 Electric Fleet 2026 Electric New Fleet 2026 Electric Replacement Vehicles Electric Fleet Total Electrical Engineering Circuit Rehab- Planned pole replacements New Development System Improvements - Capacity Upgrades System Improvements - Operation Technology (SCADA/AMI/Network/Utility 864,000.00 864,000.00 1,225,000.00 1,225,000.00 2,089,000.00 2,089,000.00 4,093,318.00 2,043,000.00 11,000,000.00 8,250,000.00 10,351,624.00 10,351,000.00 Software) 10,075,000.00 7,550,000.00 System Improvements - Power Quality 753,270.00 565,000.00 System Improvements -Voltage Conversion/OH to UG Conversions 6,178,013.00 6,178,000.00 Electrical Engineering Total 42,451,225.00 34,937,000.00 Resolution Number: Subject: Bond Reimbursement Resolution Date Approved: 9/23/2025 Page 5 of 7 612 Total 44,540,225.00 37,026,000.00 662 Wastewater Operations 2026 Wastewater New Vehicles 130,000.00 130,000.00 Berry Creek Interceptor Spur 1,000,000.00 500,000.00 Church Street Wastewater Improvements 1,000,000.00 1,000,000.00 Cimarron Hills WWTP Gravity Main 4,500,000.00 2,000,000.00 Cowan Creek Interceptors (CC1, CC7 - North Lake, Williams/Reagan Area) (parallel 2111) 23,500,000.00 3,500,000.00 Cowan Creek Lift Station (Prev Northlands LS) 16,800,000.00 4,000,000.00 Dove Springs WWTP Improvements 9,000,000.00 2,000,000.00 EARZ 2,500,000.00 750,000.00 Lift Station Upgrades 1,500,000.00 500,000.00 Northlands Wastewater Treatment Plant 70,000,000.00 25,000,000.00 Saddle Creek Lift Station Expansion 1,500,000.00 1,500,000.00 San Gabriel Reuse Irrigation Improvements 500,000.00 500,000.00 Three Forks Package Plant 7,000,000.00 7,000,000.00 Three Forks WWTP 145,800,000.00 40,000,000.00 Westinghouse Gravity Line Addition and Midway LS Decommissioning 1,500,000.00 750,000.00 Wastewater Operations Total 286,230,000.00 89,130,000.00 Water Operations 2026 Water New Vehicles 1,913,000.00 1,913,000.00 Cedar Hollow Waterline Improvements 7,775,000.00 2,500,000.00 DB Wood Road Waterline relocations 2,400,000.00 2,400,000.00 Ground Water Supply from East - Phase 1 117,976,407.00 25,000,000.00 Resolution Number: Subject: Bond Reimbursement Resolution Date Approved: 9/23/2025 Page 6 of 7 Lake Water Treatment Plant Zebra Mussel Mitigation 1,750,000.00 1,750,000.00 Leander Road Widening - Water and Wastewater Relocations 1,000,000.00 1,000,000.00 Miscellaneous Line Upgrades 550,000.00 550,000.00 North Lake Water Plant Improvements 750,000.00 750,000.00 PFAS Study and Treatment for Park WTP 2,000,000.00 2,000,000.00 Ronald Reagan Blvd. Widening - Waterline Relocation 5,750,000.00 5,750,000.00 Ronald Reagan to Braun Waterline Improvements 6,000,000.00 6,000,000.00 Seward Junction North Loop - Waterline Relocations 2,000,000.00 2,000,000.00 Southwest Bypass Waterline 500,000.00 500,000.00 Southwestern & Southeast Inner Loop Waterline 9,000,000.00 4,500,000.00 Water Meters 2,000,000.00 2,000,000.00 Williams Drive Waterline Improvements 1,200,000.00 1,200,000.00 Water Operations Total 162,564,407.00 59,813,000.00 662 Total 448,794,407.00 148,943,000.00 Grand Total 593,118,132.00 227,897,000.00 Resolution Number: Page 7 of 7 Subject: Bond Reimbursement Resolution Date Approved: 9/23/2025