HomeMy WebLinkAboutRES 090914-K - GTEC Project List;.r• ; C = "� t �,, ��} �' 1 yrs.
ON, �. ,. •�..•-,�, • . ,r . MA'SI
WHEREAS, the City is required by State Law, the Amended Articles of Incorporation, and the
Bylaws of the Georgetown Transportation Enhancement Corporation (GTEC), previously established
pursuant to Vernon's Rev. Civ. Stat. Ann., Article 5190.6 Section 4(B) to approve GTEC's annual
operating budget: and
WHEREAS, projects identified in the 2014/15 Project List are incorporated into the annual budgel,
• " GTEC, and
THEREFORE, RESOLVED BY THE CITY COUNCIL• +
GEORGETOWN, TEXAS, THAT:
SECTIONe recitations contained in the preamble a a •herebya e and declared to be true and correct,and are incorporated by ' _ _ ' herein and expressly m<•`
includeda part hereof, as if copied verbatim. The City Council hereby finds that this resolution' complies with the
Vision Statement of the City of Georgetown 2030 Comprehensive Plan.
SECTION 2. The City Council of the City of Georgetown hereby accepts the proposed project list
in the t14/15 Georgetown Trans
'• •- • ♦a • Enhancement a at _ • budget as
app
a'•-
<aa a 'f' by the GTEC i•<'• on • 2014.
SECTION 3. Budgetary expenses, such as administrative. and non -project specific expenses
may be expended on or date of • •
A
n'
JessUeetary nettle
City
AP OVED AS 0 F M:
B fidget Chapm n
City Attorney
GEORGETOWN:THE CITY OF
Dale Ross
mayor
Resolution No. N— Page 1 of 3
Description: 2014/15"GTEC Budget Resolution
Date Approved: September 09, 2014
Georgetown Transportation Enhancement Corp,ti ratioe7
2014/15 Proposed Budget
Beginning Fund Balance - Projected $10,681,398
Revenue:
Sales Tax Revenue 5,491,500
Interest 12,500
PID Assessment 500,000
Total Revenue 6-004000
Interlocal Agreement (Indirect Costs) 77,000
Direct Cost Allocation 305,101
Administrative Expense & Supplies 23,000
Subtotal - Operating Expense 405,101
Debt Service 2,600,131
FI -Ti 1460 Widening (Quail Valley to CR 114) 450,000 —
Rivery Extension (Williams Dr. to Northwest Blvd.) 1,500,000
SW Bypass - 2243 to I H 35 680,000
Subtotal - Transportation Improvement Program 2,630,000
Rivery Road TIA Improvements
721,000
SH 29 Bypass (SH 29 to RR 2243)
3,704,107
Wolf Ranch Pkwy Extension (DB Wood)
283,350
SH29Intersection Improvements (I H 35 to Haven Ln.)
650,000
FM 971 / Northwest (Washam over I H 35)
91,590
Subtotal - Transportation Improvement Program - Prior year
5,450,047
Economic projects to be determined
1,372,875
(Total Expense 12,458,154
Reserves:
Contingency 1,501,000
Available Working Capital $2,726,244
Prepared by: I -Kemp
8V.lDgis\finance\Share2\AGENDA\2014\MuniAgenda\25 Sept 9\01 GTEC Budget\GTEC proposed budget 2015