2018-6137 - 11/20/2018 RESOLUTION NO. 2018-6137
WHEREAS, the Round Rock Transportation and Economic Development Corporation, (the
"Corporation") caused a notice of a public hearing to be published in a newspaper of general
circulation in the City of Round Rock, Texas; and
WHEREAS, the purpose of said public hearing was to solicit public testimony regarding a
proposed project which would include the purchase of approximately forty acres of land located at
1001 N. Red Bud Land, Round Rock, Texas, (the "Property"); and
WHEREAS, said public hearing was held at a duly called meeting of the Corporation on
November 20, 2018 at 5:00 p.m.; and
WHEREAS, following said public hearing, the Board of Directors has determined that the
proposed project includes expenditures that are required or suitable for infrastructure necessary to
promote or develop new or expanded business enterprises, including streets, roads, water and sewer
utilities, and drainage improvements; NOW THEREFORE
BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CORPORATION,
THAT
The Board of Directors hereby determines that the purchase of the Property is an appropriate
project of the Corporation pursuant to §501.104 of the Texas Local Government Code; and
BE IT FURTHER RESOLVED, THAT
The President is hereby authorized and directed to execute on behalf of the Corporation any
and all contracts and other documents necessary or convenient for the purchase of the Property.
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
0112.1804;00413291
hereof were discussed, considered and formally acted upon, all as required by the Open Meetings Act,
Chapter 551, Texas Government Code, as amended.
RESOLVED this 20th day of November, 2018.
By:
CRAIG MO AN, P sident
Round Rock Transpo ation and Economic
Development Corporation
ATTEST:
`r,p
JON AN, ecretary
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