Contract - RRHI, Inc. and Edmond Investment Group - 12/1/2022 Sheets & Crossfield, P.L.L.C.
ATTORNEYS AT LAW
309 East Main Street.Round Rock,TX 78664-5246
Phone 512-255-8877.fax 512-255-8986
November 9, 2022
RULE 11 AND SETTLEMENT AGREEMENT
Via e-mail to choudhry@hiroundrock.com
Re: Cause No. 22-1300-CC2
City of Round Rock, Texas v. RRHI, Inc. and Edmond Investment Group, Inc.
Dear Mr. Choudhry:
This letter will constitute a Rule 11 and Settlement Agreement ("Agreement")
between the City of Round Rock, Texas ("City"), RRHI, Inc. ("RRHI"), and Edmond
Investment Group, Inc. ("Edmond"). RRHI and Edmond are collectively referred to as
"Defendants" in this Rule I 1 agreement. This agreement is pursuant to the Texas Rules
of Civil Procedure in connection with the above-captioned case and the property to be
acquired as part of the Chisholm Trail Right Turn Lane construction project. The terms
of this agreement are as follows:
1. City agrees to pay, and Defendants agree to collectively accept the sum of
$58,890.00 for acquisition of the 0.090 acre fee simple right of way tract
(Parcel 2) sought to be acquired in this condemnation suit as set out in
Plaintiffs Original Petition and any amendments on file in this cause. The
$58,890.00 settlement payment includes compensation for the fee simple
acquisition, any improvements contained within the right of way parcel
area which are not retained by Defendants, and any damages to or costs
for reconfiguration of the remaining property of Defendants. The parties
agree that an Agreed Special Commissioners Award in this amount shall
be entered by the commissioners at a hearing currently scheduled for
November 10, 2022.
2. City agrees it shall deposit $58,890.00 within the court's registry in
satisfaction of the Agreed Special Commissioners Award as set out herein
within thirty(30)days after entry of the Award.
3. It is agreed that no party will file objections to the Award of Special
Commissioners in this cause so long as City Council approves this
agreement on December 1, 2022.
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If this letter sets forth the terms of our Rule I agreement and the settlement
reached between the City and Defendants, please so indicate by executing this letter in
the space indicated below.
Respectfully,
/s/Mylan W.Shaunfield
Mylan W. Shaunfield
Sheets &Crossfield,P.L.L.C.
Attorneys for City of Round Rock
AGREED AND ACCEPTED:
EDMOND INVESTMENT GROUP, INC.
By:
Name: {�MM�l9c*try
Its: 1>-S&z
RRHI, INC.
By:
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Name: ,,���t�} ..,.►�kl^ Gf %�Jt'1�i
Its: °ram rf�l
City of Roun ock
By:
Mod
eity�
Date: 22-
2