Contract - Round Rock Chamber - 11/20/2018 SECOND AMENDMENT
TO THE
ADMINISTRATION AND FUNDING AGREEMENT FOR
THE CITY OF ROUND ROCK ECONOMIC DEVELOPMENT PROGRAM
This Second Amendment ("Second Amendment") is to that one certain Administration and
Funding Agreement for the City of Round Rock Economic Development Program("Agreement") entered
into on the 261 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 increase the funding paid to the Chamber for services provided;
NOW THEREFORE,the Parties agree to amend and modify the Agreement as follows:
I.
1.01 Article III,Funding, Section 3.01.Fees.is hereby amended to read as follows:
Section 3.01. Fees. For the services provided by the Chamber in the administration and
execution of the Program, the TED Corp. agrees to pay to the Chamber the sum of
$48,750.00 for each calendar month for the remainder of the Term of this Agreement,
which amount shall be paid by the TED Corp. to the Chamber on or before the first day
of the month, beginning October 1, 2018 and on or before the first day of each calendar
month thereafter until this Agreement is terminated. The parties may from time to time,
and by mutual written agreement, agree that the City shall pay to the Chamber additional
amounts for specific items as may be mutually agreed upon. The Chamber will provide
an invoice to the TED Corp,by the first of each month.
II.
2.01 To the extent necessary to effect the terms and provisions of this Second Amendment,the
Agreement is hereby amended and modified. In all other respects, the aforesaid Agreement is
hereby ratified and confirmed.
2.02 This Second Amendment may be executed in counterparts, each of which shall be an
original and all of which together shall constitute buy one and the same instrument.
IN WITNESS WHEREOF, this Agreement is entered into to be effective as of the day of
November ,2018
00413092.DOCX
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City of Round Rock,Texas
By:
Craig Mor n,M r
Attest:
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Sara White, City Clerk
A For Ci yFor Ci y,a proved as to fo
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Stephan q Sheets,City Attorney
Round Roc ransportation and Economic Development Corporation
By:
Craig Vorgan, ' s resident
For TE C rp.,approved to form:
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Stephan NSheets,Corporation Attorney