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CM-2024-306 - 11/22/2024ROUND ROCK TEXAS ADMINISTRATION November 22, 2024 Hubbell, Incorporated Attn: Legal Department 40 Waterview Drive Shelton, CT 06484 Mayor Craig Morgan Mayor Pro-Tem Kristin Stevens Councilmembers Michelle Ly Rene Flores Melissa Fleming Frank Ortega Hilda Montgomer City Manager Laurie Hadley City Attorney Stephanie L Sandre RE: Economic Development Program Agreement ("Agreement") with City of Round Rock, Texas ("City") Dear General Counsel: This letter is to inform you that as of April 15, 2024, HLI Solutions, Inc. (formerly Hubbell Lighting, Inc.) is in default with its Agreement with the City. Per Section 5.5, on or before April 15 of Year 1 and for each calendar year thereafter of the Agreement, HLI Solutions, Inc. agreed to provide to the City a Job Compliance Affidavit. HLI Solutions, Inc. agreed to maintain no less than (50) jobs total by the end of Year 3 of the Project with an average salary of $120,000.00 per year. The term of this Agreement goes through December 31, 2025. The Job Compliance Affidavit due on April 15, 2024 for Year 3 of the Project has not been submitted to the City. Per Section 7.3, this is written notice of default due to HLI's failure to submit the required Job Compliance Affidavit as of April 15, 2024. This is the required 30-day notice to cure said default. If not cured, the City may pursue remedies for default, up to and including termination of this Agreement, and no Economic Incentive payment will be issued. If you have any questions or need additional information, please call our legal counsel, Steve Sheets of Sheets & Crossfield PLCC at 512-255-8877. Laurie Hadley City Manager City of Round Rock, TX CITY OF ROUND ROCK 221 East Main Street, ftjund Rock, Texas 78664 [P] 512.218 5401 . [F] 512.218.7097 . roundrocktexas.gov ROUND ROCK TEXAS ADMINISTRATION W. Hubbell Lighting, Inc. Attn: Legal Department 701 Millennium Blvd. Greenville, SC 29607 Current Attn: Lori Bohm 25825 Science Park Dr, Suite 400 Beachwood, OH 44122 Sheets & Crossfield Attn: Stephan L. Sheets 309 E. Main Street Round Rock, TX 78664 Mayor Craig Morgan Mayor Pro -Tern Kristin Stevens Counci[members Michelle Ly Rene Flores Melissa Fleming Frank Ortega Hilda Montgomery City Manager Laurie Hadley City Attorney �phanie L. Sandre CITY OF ROUND ROCK 221 East Main Street, Round Rock, Texas 78664 [P] 512.218.5401 . [F] 512.218.7097 . roundrocktexas.gov