R-2019-0475 - 12/5/2019 RESOLUTION NO. R-2019-0475
WHEREAS, the City Council has determined that one of its priority goals is to encourage
economic development within the city of Round Rock; and
WHEREAS, BGE, Inc. ("BGE") has leased a portion of the building located in the City of
Round Rock at 101 West Louis Henna Boulevard, Austin, Texas 78728, known as "Frontera Crossing"
(the "Facility"); and
WHEREAS, the Council wishes to promote economic development as contemplated by
Chapter 380 of the Texas Local Government Code whereby BGE has leased and intends to improve
the Facility; and
WHEREAS, BGE intends to add at least 80 employees within seven (7) years of the
occupancy of the Facility; 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
encourage economic development within the City and will also meet the goals set forth in said
§380.001, Now Therefore
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS,
That the City offers to BGE a §380.001 Program whereby the City will grant certain Economic
Incentive Payments ("EIP's"), 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.
0112.1902;00435825
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.
RESOLVED this 5th day of December, 2019.
4 M Z'
CRAIGORtock,
, Mayor
City of Round Texas
ATTEST:
SARA L. WHITE, City Clerk
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EXHIBIT A
ECONOMIC DEVELOPMENT PROGRAM
The terms of the §380.001 Economic Development Program to be offered to BGE, Inc. in
exchange for BGE's lease of a portion of the building located at 101 West Louis Hem-la. Boulevard,
Austin, Texas 78728 are as generally outlined below:
1. BCE's intentions and obligations:
1.1. Lease. BGE previously leased and occupied a portion of the building located in the City
of Round Rock at 101 West Louis Henna Boulevard, Austin, Texas 78728, known as
"Frontera Crossing".
1.2. Investment. BGE intends to invest at least $1,925,000 in the improvement of the
Facility (including, without limitation, costs directly incurred as a result of the
rehabilitation, reconstruction, repair or remodeling of the existing Facility and costs
incurred for fixtures, equipment, and furniture purchased for the purpose of supporting
BGE's business operation at the Facility).
1.3. Jobs. BGE intends to create at least 80 new jobs within seven (7) years of its occupancy
of the Facility.
1.4. Compliance with regulations. BGE agrees that it will comply with the City's
development approval processes and shall construct and install the improvements and
lease and operate the Facility consistent with City ordinances, development regulations
and requirements.
1.5. Continuous operation. BGE agrees that it will continuously operate the Facility for a
minimum of seven (7) years, except during periods of construction or reconstruction of
the Facility or in the event of a casualty, condemnation or other force majeure event
with respect to the Facility or a portion thereof.
2. City's obligations:
2.1. Economic Incentive Payments. In consideration of BGE's compliance with the
aforesaid intentions, the City agrees to grant Economic Incentive Payments to BGE in
the amount of$100,000.
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.
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