R-13-11-14-H4 - 11/14/2013RESOLUTION NO. R -13-11-14-H4
WHEREAS, D.M.A. Enterprises, Inc., ("DMA") has expressed to the City of Round Rock
("City") its desire to (i) purchase approximately 27 acres in the City (the "Property"), (ii) replat the
Property, (iii) construct an industrial park with at least five (5) lots, and (iv) locate and construct a
manufacturing facility on the Property which will provide jobs and additional tax base to the City, and
WHEREAS, §380.001 Local Government Code provides that a municipality may establish an
economic development program ("Program") to promote local economic development and to stimulate
business and commercial activity in the municipality, and
WHEREAS, the City Council has determined that the Program described in Exhibit "A" will
meet the goals set forth in said §380.001 and will be of mutual benefit to both parties, Now Therefore
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS,
That the City offers to DMA a §380.001 Program in exchange for DMA purchasing the
Property, replatting the Property into at least five (5) lots, constructing subdivision improvements
suitable for an industrial park, and locating and constructing a manufacturing facility on the Property,
and
BE IT FURTHER RESOLVED
That the offer of the Program shall be as generally outlined in Exhibit "A" attached hereto and
incorporated herein for all purposes.
The City Council hereby finds and declares that written notice of the date, hour, place and
subject of the meeting at which this Resolution was adopted was posted and that such meeting was
open to the public as required by law at all times during which this Resolution and the subject matter
hereof were discussed, considered and formally acted upon, all as required by the Open Meetings Act,
Chapter 551, Texas Government Code, as amended.
0112.1304; 00286006
RESOLVED this 14th day of November, 2013.
ATTEST: .
9.0144A, Aketbld
SARA L. WHITE, City Clerk
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ALAN MCGRAW, Mayor
City of Round Rock, Texas
EXHIBIT A
ECONOMIC DEVELOPMENT PROGRAM
The terms of the §380.001 Economic Development Program to be offered to D.M.A.
Enterprises, Inc. ("DMA") in exchange for DMA's purchasing the Property, replatting the Property,
constructing subdivision improvements suitable for an industrial park, and locating and constructing a
manufacturing facility in the City of Round Rock are as generally outlined below:
1. DMA's obligations:
1.1. DMA agrees to purchase a tract of land containing approximately 27 acres (the
"Property") as described in Exhibit "1", attached hereto.
1.2 DMA agrees to replat the Property into at least five (5) lots and construct subdivision
improvements suitable for an industrial park thereon.
1.3 DMA agrees to construct and operate a new manufacturing facility ("Facility") on the
Property.
1.4 DMA agrees to invest at least $3,500,000 in the construction of the Facility and the
purchase and installation of new equipment.
1.5 DMA agrees to hire 45 new full-time employees over the next six years.
2. City's obligations:
2.1 City agrees to make an Economic Incentive Payment of $400,000 to DMA if it meets its
obligations to replat the Property and construct subdivision improvements suitable for
an industrial park thereon.
3. The terms and provisions of this Program will be set out in more detail in the Economic
Development Program Agreement of even date herewith.
3
EXHIBIT "1" TO THE ECONOMIC DEVELOPMENT PROGRAM
Property Description
Lot 3 of the REPLAT OF AMANDA SUBDIVISION LOT 2 & 3
BLOCK "A", as shown in Document Number 9134502 of the Official
Public Records of Williamson County and the plat recorded in Cabinet K,
Slide 29, Plat Records of Williamson County, Texas.
'ROUND ROCK TEXAS
PURPOSE PAS IOK FROSPFAIn
City of Round Rock
Agenda Item Summary
Agenda Number: H.4
Title: Consider a resolution establishing a Chapter 380 Economic Development
Program for D.M.A. Enterprises.
Type: Resolution
Governing Body: City Council
Agenda Date: 11/14/2013
Dept Director: Steve Norwood, City Manager
Cost:
Indexes:
Attachments: Resolution
Department: City Manager's Office
Text of Legislative File 13-910
Municipalities are authorized to establish economic development programs pursuant to
Texas Local Government Code Section 380.001. The code allows cities to establish
programs for making loans and grants of public money and providing personnel and
services of the municipality, to promote state or local economic development and to
stimulate business and commercial activity in the municipality.
Staff recommends approval.
City of Round Rock Page 1 Printed on 11/12/2013