2018-6135 - 11/20/2018 RESOLUTION NO. 2018-6135
WHEREAS, the Round Rock Transportation and Economic Development Corporation
("RRTEDC") has previously entered into an Administration and Funding Agreement for the City of
Round Rock Economic Development Program ("Agreement") on the 26th day of January, 2017 by and
among the City of Round Rock ("City"), the Round Rock Transportation and Economic Development
Corporation and the Round Rock Chamber of Commerce, Inc., DBA Round Rock Chamber
("Chamber"), collectively the "Parties"; 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; and
WHEREAS, the Parties now wish to enter into a Second Amendment to the Administration
and Funding Agreement for the City of Round Rock Economic Development Program,Now Therefore
BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE ROUND ROCK
TRANSPORTATION AND ECONOMIC DEVELOPMENT CORPORATION,
That the President is hereby authorized and directed to execute on behalf of the RRTEDC a
Second Amendment to the Administration and Funding Agreement for the City of Round Rock
Economic Development Program, a copy of same being attached hereto as Exhibit "A" and
incorporated herein for all purposes.
The Board of Directors 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.
0112.1804;00413282
RESOLVED this 20th day of November, 2018.
By:
CRAIG MbRGA4 President
Round Rock Tran ortation and Economic
Development Corporation
ATTEST:
JON SL ,Secretary
2
EXHIBIT
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
Round Rock Chamber of Commerce
By:
,its
City of Round Rock,Texas
By:
Craig Morgan,Mayor
Attest:
Sara White,City Clerk
For City, approved as to form:
Stephan L. Sheets,City Attorney
Round Rock Transportation and Economic Development Corporation
By:
Craig Morgan,its President
For TED Corp.,approved as to form:
Stephan L. Sheets,Corporation Attorney
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
R-file)-& Ist
\ OVD I�vcIL M/?GX
R d R ek hamber mmerce, %/1/L, ��JAav
Y:
City of Roun Rock,Texas
By:
Craig Mor n, ayo
Attest:
— 9VAi - &* L—
Sara White,City Clerk
For t ,approved as t form:
Stepha L. Sheets,City Attorney
Round Roc Transportati nd Economic Development Corporation
By:
Craig rgan,it resident
For TE orp.,approved to form:
1
Stephan Sheets,Corporation Attorney