R-2020-0153 - 6/11/2020 RESOLUTION NO. R-2020-0153
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, Hubbell Lighting, Inc. ("Hubbell") has expressed an interest in leasing a portion
of the building located in the City of Round Rock at 710 Hesters Crossing Road, Round Rock, Texas
78681, known as "Summit II" (the "Facility"); and
WHEREAS, the Council wishes to promote economic development as contemplated by
Chapter 380 of the Texas Local Government Code whereby Hubbell will lease and improve the
Facility; and
WHEREAS, Hubbell intends to add at least 50 employees within three (3) years of the
occupancy of the Facility with an average salary of$120,000; and
WHEREAS, Hubbell intends for at least 35 of those 50 jobs to be for employees new to the
organization or relocations from outside of the Austin MSA; 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
§3 80.001,Now Therefore
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS,
That the City offers to Hubbell a §380.001 Program whereby the City will grant certain
Economic Incentive Payments ("EIP's"), and
0112.20202;00447202
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
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 1 lth day of June, 2020.
CRAIG OR N, Mayor
City of ound ocic, Texas
ATTEST:
1�1�' .1 vaw--
SARA L. WHITE, City Clerk
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EXHIBIT A
ECONOMIC DEVELOPMENT PROGRAM
The terns of the §380.001 Economic Development Program to be offered to Hubbell Lighting,
Inc. ("Hubbell") in exchange for Hubbell's lease of a portion of the building located at 710 Hesters
Crossing Road, Round Rock, Texas 78681, are as generally outlined below:
1. Hubbell's intentions and obligations:
1.1. Lease. Hubbell intends to lease and occupy a portion of the building located in the City
of Round Rock at 710 Hesters Crossing Road, Round Rock, Texas 78681, known as
"Summit II."
1.2. Investment. Hubbell intends to invest at least $1,650,000.00 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
Hubbell's business operation at the Facility).
1.3. Jobs. Hubbell intends to add at least 50 employees within three (3) years of the
occupancy of the Facility with an average salary of$120,000, with at least 35 of those
50 jobs to be for employees new to the organization or relocations from outside of the
Austin MSA.
1.4. Compliance with regulations. Hubbell 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. Hubbell agrees that it will continuously operate the Facility for a
minimum of five (5) 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 Hubbell's compliance with the
aforesaid intentions, the City agrees to grant Economic Incentive Payments to Hubbell
in the amount of$125,000.
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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