TB-2019-020 - 12/5/2019 RESOLUTION NO. TB-2019-020
WHEREAS, the Round Rock Transportation and Economic Development Corporation
("RRTEDC") has previously entered into an Administration and Funding Agreement for the City of
Round Rock Economic Development Program ("Agreement") on the 26th day of January, 2017 by and
among the City of Round Rock ("City"), the Round Rock Transportation and Economic Development
Corporation and the Round Rock Chamber of Commerce, Inc., DBA Round Rock Chamber
("Chamber"), collectively the"Parties"; and
WHEREAS, the Parties have determined that it is in their best interest to modify and amend
the Agreement to extend the term of the Agreement for an additional one(1)year; and
WHEREAS, the Parties now wish to enter into a Third Amendment to the Administration and
Funding Agreement for the City of Round Rock Economic Development Program,Now Therefore
BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE ROUND ROCK
TRANSPORTATION AND ECONOMIC DEVELOPMENT CORPORATION,
That the President is hereby authorized and directed to execute on behalf of the RRTEDC a
Third Amendment to the Administration and Funding Agreement for the City of Round Rock
Economic Development Program, a copy of same being attached hereto as Exhibit "A" and
incorporated herein for all purposes.
The Board of Directors 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.
0112.1902;00435890
RESOLVED this 5th day of December, 2019.
By:
CRAIG MORG , Pre4ment
Round Rock Transportat n and Economic
Development Corporation
ATTEST•
JO LOAN, Secretary
2
EXHIBIT
THIRD AMENDMENT
TO THE
ADMINISTRATION AND FUNDING AGREEMENT FOR
THE CITY OF ROUND ROCK ECONOMIC DEVELOPMENT PROGRAM
This Third Amendment("Third Amendment') is to that one certain Administration and Funding
Agreement for the City of Round Rock Economic Development Program("Agreement') entered into on
the 26th day of January, 2017 by and among the City of Round Rock ("City"), the Round Rock
Transportation and Economic Development Corporation("TED Corp.")and the Round Rock Chamber of
Commerce, Inc.,DBA Round Rock Chamber,("Chamber"),collectively the"Parties".
RECITALS
WHEREAS,the Parties entered into the Agreement on the 26th day of January,2017;and
WHEREAS, the Parties entered into the First Amendment on the 21st day of November, 2017;
and
WHERAS,the Parties entered into the Second Amendment of the 20th day of November,2018;
WHEREAS, the Parties have determined that it is in their best interest to modify and amend the
Agreement to extend the term of the Agreement;
NOW THEREFORE,the Parties agree to amend and modify the Agreement as follows:
I.
1.01 Article IV,TERM,Section 4.01.Term of Agreement is hereby amended as follows:
The term of the Agreement is extended for one year and shall continue in effect until
December 31,2020.
II.
2.01 To the extent necessary to effect the terms and provisions of this Second Amendment,the
Agreement is hereby amended and modified. In all other respects, the aforesaid Agreement is
hereby ratified and confirmed.
2.02 This Second Amendment may be executed in counterparts, each of which shall be an
original and all of which together shall constitute buy one and the same instrument.
IN WITNESS WHEREOF,this Agreement is entered into to be effective as of the 5th day of December,
2019
Third Amendment:119ba6bb-9990-4a45-bbdc-ee7ee5826982
Round Rock Chamber of Commerce
By:
its
City of Round Rock,"Texas
By:
Craig Morgan, Mayor
Attest:
Sara White,City Clerk
For City,approved as to form:
Stephan L. Sheets,City Attorney
Round Rock Transportation and Economic Development Corporation
By:
Craig Morgan,its President
For TED Corp.,approved as to form:
Stephan L. Sheets,Corporation Attorney