Contract - CORR and the McConicos - 5/12/2022 Sheets & Crossfield, PLLC
ATTORNEYS AT LAW
30()East Main Street-Round Rock,TX 78664-5246
Pbone 512-738-173?0)). fax 512-255-8986
myldrl(q:scrdaw com
April 18, 2022
RULE I I CONDEMNATION SETTLEMENTAGREEMENT
Via e-mail oddo a barronadler.coni and ,,,ork a harronadler com
Christopher Oddo and Andrew York
Barron, Adler, Clough& Oddo, LLP
808 Nueces St.
Austin,Tx 78701
Re: COR R Downtown Park
Cause No. 21-1925-CC3-I COR R v. McCoyzim el al.
Dear Mr. Oddo and Mr, Yo&
Please allow this letter to constinite a Rule I I Settlement Agreement between
City of Round Rock, 'Texas ("City-) and the McConicos ("your clients") in connection
with the project identified herein and the fee simple interest to be acquired as part ofthe
Citv's downtown park plans. The terrns of this AgTeeinent and the settlement reached are
as follows..
I Both parties agree to recess and reset the special commissioner hearing
currently set on April 18, 2022 unfii May q7,,2Q;2--- _
so the City Council can consider t1li"s settlement agreement at their
meeting set on May 12,, 2021
2. Sublect to City Council approval, City agrees to pay, and your clients
a-gTee to accept, the total sum of One Million T)iree Hundred I housand
and No/100 Dollars (J. 1,300,000 1 m e
J in compensation to, the Conde tie s i:n
the above referenced lawsuit for the acquisition of 61.2 acres sought to be
acquired, with such location and acquisition as further described in City's
current pleadings on file in this case.
If City Council approves this agi-eement, the parties agree that an Agreed
Special Commissioners Award in this amourit shall be entered by the
appointed comnnsioners at the hearing recessed to
MC.-CONICO Dratlr#�J(MWS4-18-22a
It is agreed that neither City nor your clients wdl file objections to the
Award of Special Commissioners in this, cause so long as the City Council
approves the $1,300,000 settlemen(WrIOLInt on Mav 12, 2022.
4, City agrees to consider naming all or a portion of the above referenced
property or facilities after the McCoj°wjcos,
S. SLI[Zled tO City' COLInCil approval of this agreement, City a&7ecs to deposit
SL300,0()() Within 30 days of the court signed Award of Special
Commissioners,
If this letter correctly sets forth the terms of our Rule I I agreement and the
settlement reached between the City and your clients, please so indicate by having the
appropriate person execute this letter in the space indicated below on behalf of the
prol.xrty owners.
Very truly yc�,,Ua,
Mylan W', Shaura ficid
Sheets& CrossField, PLLC
Attorneys for City
AGREED AND ACCEPTED:
Barron. A "lough & Oddo, LLP
808 Nueecs St. AvArw
Austin, Tx 78701
Date:---t ;-1*1 1
,AGREED AND ACCEPTED:
ROUND ROCK, TEXAS
By:
an
(��a
Y9 rg
Ma 0
Date:-
AGREED AND ACCEPTED:
GEORGETOWN, TEXAS
By:
Wendi Lester Efflandt
Attorney Ad Litem
Date: April 19, 2022
3