Contract - Round Rock Chamber and City of Round Rock Type B Corporation - 7/27/2023 SECOND AMENDMENT TO THE ADMINISTRATION AND FUNDING AGREEMENT
FOR THE CITY OF ROUND ROCK ECONOMIC DEVELOPMENT PROGRAM
THIS SECOND AMENDMENT TO THE ADMINISTRATION AND FUNDING
AGREEMENT FOR THE CITY OF ROUND ROCK ECONOMIC DEVELOPMENT
PROGRAM (the "Second Amendment") is dated and entered into as of the 27th day of July,
2023, by and among the City of Round Rock, Texas ("City,") the Round Rock Transportation
and Economic Development Corporation (the "TED Corp,") and the Round Rock Chamber of
Commerce, Inc., (the"Chamber"), collectively referred to as the"Parties."
RECITALS
WHEREAS, on the 26th day of March, 2020, the Parties entered into that one certain
Administration and Funding Agreement for the City of Round Rock Economic Development
Program (the"Agreement"); and
WHEREAS, on the 27th day of January, 2022, the Parties entered into that one certain
First Amendment to the Administration and Funding Agreement for the City of Round Rock
Economic Development Program to provide funding for the upgrade of the Chamber's economic
development website; and
WHEREAS, the Cities wish to amend the Agreement to add "entrepreneurship" as a
program objective, and to increase the Chamber's monthly fee;
NOW THEREFORE, in consideration of the mutual covenants and agreements herein
contained, the sufficiency of which are hereby conclusively acknowledged, and subject to the
terms and conditions hereinafter set forth, the Parties mutually agree as follows:
ARTICLE 1
OF THE SECOND AMENDMENT
DEFINITIONS
SECTION 1. All terms used herein shall have the meanings assigned to them in the
Agreement, unless the context clearly requires otherwise.
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ARTICLE 2
OF THE SECOND AMENDMENT
AMENDMENT TO ARTICLE II OF THE AGREEMENT
SECTION 2. Section 2.01 of the Agreement is amended to read as follows:
Section 2.01. Chamber's Administration Responsibilities. The Chamber agrees to provide a
qualified and competent staff for the implementation of the Program. In this connection, the
Chamber shall employ dedicated staff focused on the Program and who shall report to and be
under the supervision of the Chief Executive Officer of the Chamber (the "Chamber CEO").
The Chamber agrees to provide the management and administrative services necessary to operate
the Chamber and to implement the Program. The Chamber agrees that its efforts will include the
creation of an annual Operations Plan ("Operations Plan") in consultation wit the City containing
the following objectives:
a) new business recruitment,
b) existing business development,
C) private economic development program investor engagement,
d) site and building investor development,
e) talent development, and
f) entrepreneurship.
ARTICLE 3
OF THE SECOND AMENDMENT
AMENDMENT TO ARTICLE III OF THE AGREEMENT
SECTION 3. Section 3.01 of the Agreement is amended to read as follows:
Section 3.01. Fees. For the services provided by the Chamber in the administration and
execution of the Program, the TED Corp. agrees to pay to the Chamber the sum of $72,075.00
for each calendar month ("Monthly Fee"), which amount shall be paid by the TED Corp. to the
Chamber on or before the first day of the month, beginning August 1, 2023, and on or before the
first day of each calendar month thereafter until this Agreement is terminated. The Parties may
from time to time, and by mutual written agreement, agree that the TED Corp. and/or City shall
pay to the Chamber additional amount for specific items as may be mutually agreed upon. The
Chamber will provide an invoice to the TED Corp by the first of each month. The Parties agree
that the Monthly Fee will increase by 3% beginning on the one-year anniversary of the payment
of the Monthly Fee and annually thereafter.
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ARTICLE 4
OF THE SECOND AMENDMENT
MISCELLANEOUS
SECTION 4.1. To the extent necessary to affect 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.
SECTION 4.2. This Second Amendment may be executed in counterparts, each of
which shall be an original and all of which together shall constitute but one and the same
instrument.
IN WITNESS WHEREOF, the Parties hereto acting under authority of their respective
governing bodies, including authority granted by their respective governing bodies in approving
the Agreement, have caused this Second Amendment to be duly executed as of the day and year
first above written.
Round Rock Chamber Of Commerce, Inc.
By:
Qvi--
Jokt
Robinson, President
City of Round Rock, Texas
By:
Craig oA z rg , Mayor
Round Rock Transportation and economic
Development Corporation
By:
Cr g Mor , President
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