Discuss, consider and take action to approve payment to Pulte Group for reimbursement of expenses related to the construction of roadways and roadway improvements for Rocky Hollow and Silver Spur Ph 1/Pedernales within the Somerset Hills Road District No. 4 in the amount of $4,900,000.

Expenses that agree with the amount of $4,900,000 have been reviewed and audited by the Williamson County Auditors Office and reviewed by Engineering in compliance with the Developer Agreement and Bond Covenants for the Somerset Hill Road District No. 4. The reimbursement is related to construction and improvement of roadways that include Rocky Hollow and Silver Spur Ph 1/Pedernales within the district. The amount available to fund at this time is $4,900,000. The balance for these projects and any other projects eligible will be reimbursed through a future bond sale(s).