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R-2021-048 - 2/11/2021RESOLUTION NO. R=2021=048 WHEREAS, Texas Tax Code, Chapter 351, Subchapter C (the "Code") provides for the allocation of the state's portion of hotel and sales taxes for a Municipal Hotel and Convention Center Project; and WHEREAS, pursuant to Section 351.152(10) of the Code, said Code applies to the City of Round Rock, (the "City"); and WHEREAS, KR CC, Inc. has completed the construction of the Kalahari* Resorts Hotel (the "Hotel") and a Convention Center ("Convention Center") within the City; and WHEREAS, the Hotel and Convention Center meet all of the requirements of a "Qualified project " set forth i*n Section 351.151(4) of the Code; and WHEREAS, the Convention Center meets all of the requirements of a "Qualified convention center facility" set forthl"n Section 351.151(2) of the Code; and WHEREAS, the Hotel is located on land owned by the City, and i*s directly connected to the Convention Center, Now Therefore BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS, That the City Council hereby finds and determines that all of the factual statements set forth in the above recitals are true and correct; and BE IT FURTHER RESOLVED, That pursuant to Section 351.151(3) of the Code, the City Council hereby officially designates the Kalahari* Resorts Hotel as the hotel i*n the City to which the Code applies. 0112.20212; 0464836 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 5 51, Texas Government Code, as amended. RESOLVED this 1 lth day of February, 2021. ATTEST: gt4- SARA L. WHITE, City Clerk CRAIG MORGANM ayor City of Round Rakk,Texas 2