Contract - Round Rock Chamber of Commerce, Inc. - 6/27/2024 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 2 qday of
�J-LA,/1 iiei , 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) entrepreneurship ecosystem 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 consulting firm(s)provide(s)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").
Economic Development Strategic Plan w. Chamber; 05.03.24 4888-2489-9269 v.1
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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 $ 185,000.00 to the Chamber for the purpose of retaining the Consultant(s). 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: (D� LA�
Jord t7
inson, President
Round Rock Transportation and Economic Development Corporation
Re4 Flores,Presides
For TE O approved as to orm:
Stephan L. ieets,Corporation Attorney
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