Contract - Round Rock Chamber and RRTED Corp - 11/21/2017 FIRST AMENDMENT
TO THE
ADMINISTRATION AND FUNDING AGREEMENT FOR
THE CITY OF ROUND ROCK ECONOMIC DEVELOPMENT PROGRAM
This First Amendment ("First Amendment") is to that one certain Administration and Funding
Agreement for the City of Round Rock Economic Development Program ("Agreement") entered into on
the 26t1' day of January, 2017 by and among the City of Round Rock ("City"), the Round Rock
Transportation and Economic Development Corporation("TED Corp.") and the Round Rock Chamber of
Commerce, Inc.,DBA Round Rock Chamber, ("Chamber"), collectively the"Parties".
RECITALS
WHEREAS, the Parties entered into the Agreement on the 26th day of January, 2017; and
WHEREAS, the Parties have determined that it is in their best interest to modify and amend the
Agreement to provide for the Chamber to engage a consultant to prepare an economic development strategic
plan for the City;
NOW THEREFORE,the Parties agree to amend and modify the Agreement as follows:
I.
1.01 Article II,Administration is hereby amended to add Section 2.05 which shall read as follows:
Section 2.05. Economic Development Strategic Plan. The Chamber agrees to engage a
qualified consultant to prepare an economic development strategic plan for the City. The
City and/or TED Corp. agree to contribute up to a maximum of$125,000 towards the cost
of the said plan.
II.
2.01 To the extent necessary to effect the terms and provisions of this First Amendment, the
Agreement is hereby amended and modified. In all other respects, the aforesaid Agreement is
hereby ratified and confirmed.
2.02 This First Amendment may be executed in courterparts, each of which shall be an original
and all of which together shall constitute buy one and the same instrument.
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IN WITNESS WHEREOF,this Agreement is entered into to be effective as of the V day of November,
2017
Garner Report Reimbursement Agreement(110317)
Roo hambe of Commerce,Inc.,DBA Round Rock Chamber
By:
Michael O o , President and CEO
City of Round Rock,Texas
By:
_A M /
Craig Niorgan,fyor
Attest:
-swlc'-f qAW
Sara White, City Clerk
For it approved as to orm:
Stephan . Sheets, City Attorney
Round R ck Trans ortation and Economic Development Corporation
By:
its
For Corp.,approv d as to form:
Steph n L. Sheets, Corporation Attorney