COMPILED BY BROOKE SJOBERG
ONGOING PROJECTS
Officials to consider issuing up to $37Mfor city road projects Round Rock officials plan to use up to $37 million in bond funds to help pay for future transportation proj- ects that will improve mobility and congestion at key points throughout the city. Specifically, the city will use FUTURE ROAD PROJECTS 118 112 35 130 TOLL EAGLES NEST ST. CYPRESS BLVD. 1 2
OLD SETTLERS BLVD. 117
OLD SETTLERS PARK
Multiple road projects covered under the city of Round Rock’s Transportation Master Plan could be funded by certificates of obligation, including: 1 Eagle’s Nest Street 2 CR 112 3 Northeast downtown 4 Bagdad Avenue improvements 5 Gattis School Road 6 Greenlawn Parkway improve- ments
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TEST ALL INFORMATION ON THIS PAGE WAS UPDATED AS OF FEB. 24. NEWS OR QUESTIONS ABOUT THESE OR OTHER LOCAL TRANSPORTATION PROJECTS? EMAIL US AT RRKNEWS@COMMUNITYIMPACT.COM. Funding source: Round Rock Trans- portation and Economic Development Corp. Red Bud Lane North: US 79 to CR 117 Under this project, Red Bud Lane will be upgraded to a four-lane divided roadway with pedestrian, intersection, curb and gutter improvements made. Construction is expected to begin in late 2022. The project will help alleviate mount- ing traffic density in the area, as sever- al thousand homes are under various stages of construction, according to the city. Timeline: late 2022-TBD Cost: estimated at $20 million
certificates of obligation to finance the projects and repay them through the collection of ad valorem property taxes and surplus revenue of Round Rock’s waterworks, drainage and sewer utilities fund. Council will publish the notice in accordance with state law a mini- mum of 45 days ahead of its April 28 meeting, according to Chief Financial Officer Susan Morgan. Morgan said the timing of issuing the bonds comes down to interest rates. It will be strategically beneficial to lock in lower rates sooner rather than later, especially if it looks like the current low interest rate market may rise, she said. This is not the only method of funding projects, Morgan said. In
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SOURCE: CITY OF ROUND ROCK/COMMUNITY IMPACT NEWSPAPER
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2021, the city used over $1 million of road impact fees for debt service. Timeline: TBD Cost: up to $37 million Funding source: city of Round Rock
A T T I S S C
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GREENLAWN PKWY.
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ROUND ROCK EDITION • MARCH 2022
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