HomeMy WebLinkAboutRES 092623-4.AI - Bond Reimbursement FY2024RESOLUTION NO. 09 2,G 2-3 — LA . A-f-
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 26, 2023.
ATTEST:
L`
Robyn Den •more, ity Secretary
2023 Animal Shelter Bond (GO)
120 General Capital Projects
Facilities
Animal Shelter
3,000,000 00
3,000,000.00
Facilities Total
3,000,000.00
3,000,000.00
120 General Capital Projects Total
3,000,000.00
3,000,000.00
2023 Animal Shelter Bond (GO) Total
3,000,000.00
3,000,000.00
2023 Facilities Bond (GO)
120 General Capital Projects
Facilities
Customer Service Center
7,000,000.00
3,500,000 00
Facilities Total
7,000,000.00
3,500,000.00
120 General Capital Projects Total
7,000,000.00
3,500,000.00
Z023 Facilities Bond (GO) Total
7,000,000.00
3,500,000.00
2023 YMCA Bond (GO)
120 General Capital Projects
Facilities
YMCA Partnership
10,000,000.00
0.00
Facilities Total
10,000,000.00
0.00
120 General Capital Projects Total
10,000,000.00
0.00
2023 YMCA Bond (GO) Total
10,000,000.00
0.00
Certificate of Obligation (CO)
120 General Capital Projects
Downtown TIRZ
Parking Garage Offices
1,500,000.00
1,500,000.00
Downtown TIRZ Total
1,500,000.00
1,500,000.00
Facilities
Downtown Austin Ave Parking Garage
1,715,000.00
1,715,000.00
Fire Station No. 1 Renovation
6,600,000.00
0.00
Facilities Total
8,315,000.00
1,715,000.00
Parks
New Neighborhood Park Development
190,000.00
190,000.00
Park Improvements - Bark Park (MP High Priority)
400,000.00
300,000.00
Park Improvements - Bedford Park (MP High Priority)
160,000.00
160,000.00
Park Improvements - McMaster's Pickleball Courts
150,000.00
150,000.00
Parks Replacement (Previously SRF)
995,000.00
500,000.00
Preliminary Design for Future Parks Bond Projects
1,530,000.00
400,000.00
Village Pool Building Renovations
500,000.00
500,000.00
Parks Total
3,925,000.00
2,200,000.00
Streets
Allocations - Intersections/ Bike Lanes/ Sidewalks
140,000.00
140,000.00
Austin Ave Pedestrian Bridge
12,000,000 00
4,000,000.00
DB Wood (Oak Ridge to Williams Dr)
6,532,000.00
4,132,000.00
DB Wood (SH29 to Oak Ridge)
1,409,000-00
1,409,000.00
Intersection Improvements
92,400.00
92,000.00
Old Town Southeast Sidewalk Improvements(Downtown Sidewalks)
283,000.00
283,000.O0
Rockride
7,550,000.00
3,000,000.00
Southeast Inner Loop
697,200.00
697,000.00
Streets Total
28,703,600.00
13,753,000.00
120 General Capital Projects Total
42,443,600.00
19,168,000.00
402 GTEC Projects
Streets-GTEC
SH-29 Widening
5,800,000.00
5,800,00000
Streets-GTEC Total
5,800,00000
5,800,000.00
402 GTEC Projects Total
5,800,000.00
5,800,000.00
520 Fleet
Fleet
Public Safety Vehicles - Fire
2,740,000.00
2,740,000.00
Public Safety Vehicles - Police
1,370,000.00
1,370,000.00
Fleet Total
4,110,000.00
4,110,000.00
520 Fleet Total
4,110,000.00
4,110,000.00
602 Airport Projects
Airport
Air Traffic Control Tower Equipment
200,000.00
200,000.00
Airport Maintenance Facility
140,000.00
140,000.00
Airport Total
340,000.00
340,000.00
602 Airport Projects Total
340,000.00
340,000.00
Certificate of Obligation (CO) Total
52,693,600.00
29,418,000.00
General Obligation (GO)
120 General Capital Projects
Streets
2015 Road Bond Priority 1 - Sidewalks
1,000,000.00
1,000,000.00
Allocations - Intersections/ Bike Lanes/ Sidewalks
1,750,000.00
1,000,000.00
Berry Creek Drive
300,000.00
300,000.00
DB Wood (Oak Ridge to Williams Dr)
3,600,000 00
1,000,000.00
DB Wood (SH29 to Oak Ridge)
4,450,000 00
4,450,000.00
Intersection Improvements
1,155,000 00
1,155,000.00
Southeast Inner Loop
8,715,000.00
2,000,000.00
Streets Total
20,970,000.00
10,905,000.00
120 General Capital Projects Total
20,970,000.00
10,905,000.00
General Obligation (GO) Total
20,970,000.00
10,905,000.00
Revenue Bond
612 Electric Projects
Electric
Electric Replacement Vehicles
629,900.00
473,000.00
Electric Utility Operations Center Land Acquisition
3,049,200.00
3,049,200.00
New Development
9,000,000.00
6,750,000.00
North Substation Land Acquisition
3,049,200.00
3,049,200.00
System Improvements - Sectionalization/Coordinating &Protection/Distribution Aut
750,000.00
562,500.00
System Improvements - Capacity Upgrades
2,039,175.00
1,530,000.00
System Improvements - Operation Technology (SCADA/AMI/Network/Utility Softwar
850,000.00
637,500.00
Electric Total
19,367,475.00
16,051,400.00
612 Electric Projects Total
19,367,475.00
16,051,400.00
662 Water-WW Projects
Wastewater
Berry Creek Interceptor
28,800,000.00
28,800,000.00
Cimarron Hills WWTP LS & Gravity Diversion
7,173,00000
1,000,000.00
Dove Springs Wastewater Treatment Plant Rehabilitation
37,350,000.00
15,000,000.00
EARZ
2,500,000.00
2,000,000.00
Lift Station Upgrades
750,000.00
500,000.00
Park Lift Station to SGWWTP Force Main Rehabilitation
2,450,000.00
2,450,000.00
Wastewater Tota 1
79,023,000.00
49,750,000.00
Water
Carriage Oaks Transmission
3,850,000.00
3,850,000.00
Cedar Hollow Waterline Improvements
850,000.00
850,000.00
CR 255 Water Main
5,200,000.00
4,000,000.00
CR 262 Waterline
500,000.00
500,000.00
Downtown Waterline Upgrades
2,200,000.00
2,200,000.00
Elevated Storage Tank - West 1240
1,500,000.00
1,500,000.00
Hoover Pump Station
5,502,500.00
3,000,000.00
Lake Plant Raw Water Pump Station VFD Replacement
2,000,000.00
2,000,000.00
Metering AMI Equipment Upgrade
2,750,000.00
2,750,000.00
Miscellaneous Line Upgrades
550,000.00
550,000.00
Park WTP Rehabilitation
1,000,000.00
1,000,000.00
Ronald Reagan Waterline
4,000,000.00
4,000,000.00
Round Rock Water Supply Line
10,500,000.00
10,500,000.00
System Resiliency
8,200,000.00
5,000,000.00
System Wide Waterline Replacements/Repairs
1,000,000.00
1,000,000.00
Water Service Line Replacements
300,000.00
300,000.00
Water Tank Rehabilitation
1,000,000.00
250,000.00
Water Treatment Plants Electronic 0&M's & SOP's
800,000.00
800,000.00
Williams Drive Waterline Improvements
500,000.00
500,000.00
Water Total
52,202,500.00
44,550,000.00
662 Water-WW Projects Total
131,225,500.00
94,300,000.00
Revenue Bond Total
150,592,975.00
110,351,400.00
Grand Total
244,256,575.00
157,174,400.00