R-2020-0092 - 4/9/2020 RESOLUTION NO. R-2020-0092
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, 200 E. Austin Ave., LLC ("Developer") intends to construct a new office
building located in the City of Round Rock at 200 East Austin Ave., Round Rock, Texas, 78668, (the
"Facility"); and
WHEREAS, the Council wishes to promote economic development as contemplated by
Chapter 380 of the Texas Local Govenunent Code whereby Developer has leased and intends to
improve 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 Developer 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.
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
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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 9th day of April, 2020.
CRAIG ORG , Mayor
City of Round ck, 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 Developer in
exchange for Developer's construction of a building located at 200 E. Austin Ave. are as generally
outlined below:
1. Developer's intentions and obligations:
1.1. Facility. Developer intends to construct an office building located at 200 E. Austin Ave.
in Round Rock.
1.2. Investment. Developer intends to invest at least $700,000 in the construction of the
Facility.
1.3. Compliance with regulations. Developer agrees that it will comply with the City's
development approval processes and shall construct the Facility consistent with City
ordinances, development regulations and requirements.
1.4. Construction of Real Property Improvements. Developer agrees that, concurrently with
the construction of the Facility it will construct certain Real property Improvements as
described in Exhibit "B" of the Agreement.
2. City's obligations:
2.1. Economic Incentive Payments. In consideration of Developer's compliance with the
aforesaid intentions, the City agrees to waive all development fees due and owing to the
City related to the construction of the Facility.
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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