As a partner city in the BCRUA, joined by Cedar Park and Leander, Round Rock will seek a $90.45 million State Water Implementation Fund for Texas, which is a type of loan available from the TWD, Utilities Department Director Michael Thane said at an April 25 packet briefing.
The city had originally planned to fund its cost share of the second phase of the BCRUA's deep-water intake entirely with cash funding through its capital improvement plan. As the construction costs for these projects increase, city officials have chosen to fund projects located in the city with cash and use the SWIFT funds for BCRUA projects.
“We also have some new projects coming in that we're going to need to fund,” Thane said. “We're going to regroup on this and we're going to go out to the water lemon board is some low interest money.”
The requested SWIFT funds will also be used for the first phase of the BCRUA's water treatment expansion in Cedar Park, Thane said. In February, the city approved $383,279.60 in regional water funds for its cost share of the project.