Last week, the city of Rosenberg adopted a new tax rate and budget for the 2020 fiscal year. And according to city staff, a lot of the projects being funded will come from the Rosenberg Development Corp. budget.
Before any money can be allocated to capital improvement projects for the upcoming fiscal year, RDC board members must first hold a public hearing at Thursday’s meeting.
The meeting is scheduled to begin at 4 p.m. at the Rosenberg Civic & Convention Center, located at 3825 SH 36.
State law requires that economic development corporations formally designate projects by published notice, and then wait 60 days following publication to expend funds on the designated projects. The public notice was published in the Fort Bend Herald on Aug. 25.
Listed are the following projects:
- Dollar Tree Distribution Center project, as it pertains to constructing roads, water and sanitary sewer infrastructure — $1,650,000. Public park facilities, as it relates to sports, athletic, entertainment, tourist, convention, and public park purposes and events — $50,000
- Fort Bend Transit to help the county service the transit needs of its citizens — $75,000
- Texas State Technical College foundation for the development of primary job training facilities — $200,000
- Way-finding sign design and installation plan — $50,000
- Sidewalk construction in designated commercial corridors within the city limits — $300,000
- Entryway signs in highly visible areas at high-traffic entry points to the city — $50,000
- Railroad quiet zone project — $400,000
“Months ago, we added an additional crossing to our plan for that project,” Assistant City Manager Joyce Vasut explained. “And (one) crossing was not funded. “Originally, we were kind of splitting the cost between RDC and the general fund. And then during our (budget) workshop, it was suggested that the RDC pay for the entire $400,000 that was needed in additional funding.”
The RDC has allocated $400,000 in the 2020 budget for the $1.2 million project.
“We had $100,000 in the general fund in 2019 and $200,000 from RDC and $500,000 from certificates of obligation that were issued in 2017,” Vasut continued. “That’s the money that’s available to complete the project that has an estimated cost of $400,000.”