R-2024-154 - 6/27/2024 RESOLUTION NO. R-2024-154
WHEREAS, the purpose of the Round Rock Transportation and Economic Development
Corporation ("TEDCO") is to promote economic development within the City of Round Rock ("City")
in order to eliminate unemployment and underemployment, and to promote and encourage
employment and the public welfare by approving authorized projects, as provided in Chapter 505 of
the Texas Local Government Code ("Code"); and
WHEREAS, §505.102 of the Code provides that the TEDCO may contract with another
private corporation to assist with the development or operation of an economic development program
or objective consistent with the purposes and duties specified by Chapter 505; and
WHEREAS, on June 27, 2024, the TEDCO and the Round Rock Chamber of Commerce, Inc.
entered into an agreement to create an economic development strategic plan; and
WHEREAS, the City of Round Rock desires to approve the action of TEDCO in entering into
said Agreement with the Round Rock Chamber of Commerce, Inc., Now Therefore
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK,TEXAS,
That the City Council hereby approves the action of the Round Rock Transportation and
Economic Development Corporation in entering into an Agreement with the Round Rock Chamber of
Commerce, Inc., a copy of said agreement being attached hereto as Exhibit "A" and incorporated
herein for all purposes.
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 551, Texas Government Code, as amended.
0112.20242:4863-3138-0936
RESOLVED this 27th day of June, 2024.
CRAIG RGA Mayor
City of Round Rot,
Texas
ATTEST:
MEAGAN SP KS, C y Clerk
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EXHIBIT
"All
AGREEMENT BETWEEN THE ROUND ROCK TRANSPORTATION AND ECONOMIC
DEVELOPMENT CORPORATION AND THE ROUND ROCK CHAMBER OF COMMERCE,
FOR THE CREATION OF AN ECONOMIC DEVELOPMENT STRATEGIC PLAN
This Agreement(hereafter referred to as the "Agreement")is made and entered into as of the_day of
, 2024 by and between Round Rock Transportation and Economic Development
Corporation(the"TEDCO"),an economic development corporation organized and existing under Chapter
505 of the Texas Local Government Code, and the Round Rock Chamber of Commerce, Inc. (the
"Chamber"), a corporation organized and existing under the laws of the State of Texas. TEDCO, and
Chamber are sometimes collectively referred to herein as the"Parties".
RECITALS
WHEREAS, as set forth in TEDCO's Articles of Incorporation and in Chapter 505 of the Texas
Local Government Code,the purpose of said corporation is to promote economic development within the
City of Round Rock in order to eliminate unemployment and underemployment and to promote and
encourage employment and the public welfare by approving authorized projects;and
WHEREAS, §505.102 of the Texas Local Government Code provides that the TEDCO may
contract with another private corporation to assist with the development or operation of an economic
development program or objective consistent with the purposes and duties specified by Chapter 505; and
WHEREAS, the TEDCO, and the Chamber wish to jointly develop and create an economic
development strategic plan, (the"Strategic Plan");
NOW THEREFORE,
Premises considered;the Parties agree to enter into this Agreement as follows:
ARTICLE I
ECONOMIC DEVELOPMENT STRATEGIC PLAN
Section 1.01.Economic Development Strategic Plan.The Parties agree to work together to develop and
establish the Strategic Plan to promote economic development and to stimulate business and commercial
activity in the City of Round Rock that is consistent with Chapters 380 and 505 of the Local Government
Code. The Strategic Plan will include,without limitation, elements for(1)existing business retention and
expansion,(2)recruitment of new business,(3)small business development,(4)communication among the
Parties relating to infrastructure needs and planning,and(5)criteria for government incentives to ultimately
be approved by the Round Rock City Council.
ARTICLE H
ADMINISTRATION
Section 2.01. Chamber's Responsibilities. The Chamber agrees to solicit proposals from one or more
consulting firms to assist the Chamber and TEDCO in the development and implementation of the Strategic
Plan. The Chamber will determine which consultant provides the best value to the Chamber and TEDCO.
The Chamber will report to TEDCO its recommendations and request TEDCO's approval of the consultant
(herein the"Consultant").
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ARTICLE III
FUNDING
Section 3.01. Funding. Subject to TEDCO's approval of the Consultant and the cost, TEDCO agrees that
it will contribute $185,000 to the Chamber for the purposes of retaining the Consultant. The Parties may
from time to time, and by mutual written agreement, agree that the TEDCO shall pay to the Chamber
additional amounts for specific items related to the Strategic Plan as may be mutually agreed upon.
IN WITNESS WHEREOF, this Agreement is entered into as of the date first set forth above.
Round Rock Chamber of Commerce, Inc.
By:
Jordan Robinson, President
Round Rock Transportation and Economic Development Corporation
By:
Rene Flores, President
For TEDCO, approved as to form:
Stephan L. Sheets, Corporation Attorney
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