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CM-2025-127 - 5/9/2025 PENDING SIGNATURE FROM OTHER PARTY STATE OF TEXAS § § REIMBURSEMENT AGREEMENT COUNTY OF WILLIAMSON § This Reimbursement Agreement ("Agreement") is made by and among the Williamson Central Appraisal District ("WCAD"), the City of Round Rock, Texas ("City"), and Williamson County, Texas ("County") (each a "Party" and collectively the "Parties"), acting by and through their authorized representatives. RECITALS: WHEREAS, WCAD is a defendant in that certain lawsuit Lakeside Apartments Round Rock, TX, LLC et al. v. WCAD;No. 24-2170-C395 pending in the District Court of Williamson County, Texas in which Plaintiffs appeal the determinations of the Appraisal Review Board of WCAD denying certain protests, challenges the actions of WCAD and the Chief Appraiser of WCAD denying exemptions from ad valorem taxation for multiple tax years for certain properties within WCAD the subject of such action(the"Lawsuit"); and WHEREAS, for purposes of this Agreement the Lawsuit shall mean and include any additional claims and/or tax years added to the Lawsuit and any other cause of action filed by Plaintiffs against WCAD asserting the same or similar claims for exemption from ad valorem taxation for real property and improvements owned, operated, or controlled by such parties; and WHEREAS, the exemption from ad valorem taxation for the properties the subject of the Lawsuit and the exemption from ad valorem taxation for similar situated properties will cause a loss of ad valorem tax revenue to the County and the City, including other participating taxing units in WCAD; and WHEREAS, WCAD's legal and other costs of defense of the Lawsuit for the tax years at issue and for future tax years (the "Litigation Costs") has impacted the WCAD approved budget and will negatively impact future WCAD budgets while such Lawsuit is pending; and WHEREAS, City and County find that the denial of the exemption from ad valorem taxation for the properties the subject of the Lawsuit is of utmost importance and have agreed to reimburse to WCAD the Litigation Costs as set forth herein; NOW THEREFORE, in consideration of the mutual covenants set forth herein,and other valuable consideration,the sufficiency and receipt of which are hereby acknowledged,the Parties agree as follows: PAGE 1 REIMBURSEMENT AGREEMENT WILLIAMSON CENTRAL APPRAISAL DISTRICT,CITY OF ROUND ROCK,AN D WILLIAMSON COUNTY 4938-3193-1191 Article I Term; Termination Term. This Agreement shall commence on the last date of execution hereof("Effective Date") and continue until the entry of a final non-appealable judgement has been entered in the Lawsuit("Expiration Date"). Article II Ligation Costs Reimbursement 2.1 Share of Litigation Costs. Beginning on the Effective Date and continuing during the term of this Agreement, City and County each agree to share the Litigation Costs up to an amount of$100,000.00 each utilizing their tax rate to determine their portion of the Litigation Costs as set forth below: Tax Rates 2024 Williamson County - 0.355670 RFM-0.044329 Round Rock City-0.360000 Total Tax Rate (City and County)= .759999 County portion=(.355670+.044329)/.759999= .5263 or 52.6% City portion= .360000/.759999= .4737 or 47.4% City and County shall each pay their respective share of the Litigation Costs to WCAD within thirty (30)days after receipt of a written invoice or statement from WCAD. The Parties hereby agree that any additional funding over and above the amount of$100,000.00 from the City and$100,000.00 from the County that may be needed for the Litigation Costs during the term of this Agreement must be agreed to, in advance, by the Parties pursuant to a written amendment. 2.2 WCAD shall, on a calendar monthly basis provide City and County with a written invoice which shall provide: (i) the total amount of Litigation Costs incurred by WCAD during the then ending calendar month; and (ii) the amount of such Litigation Costs to be paid by each the City and County. Article III Miscellaneous 3.1 Entire Agreement. This Agreement constitutes the sole and only agreement among the Parties and supersedes any prior understandings written or oral agreements between the Parties with respect to this subject matter. PAGE 2 REIMBURSEMENT AGREEMENT WILLIAMSON CENTRAL APPRAISAL DISTRICT,CITY OF ROUND ROCK,AN D WILLIAMSON COUNTY 4938-3193-1191 3.2 Assignment.No Party may assign this Agreement without the prior written consent of all the Parties. 3.3 Successors and Assigns. Subject to the provisions regarding assignment, this Agreement shall be binding on and inure to the benefit of the Parties to it and their respective heirs, executors,administrators, legal representatives, successors, and permitted assigns. 3.4 Governing Law. The laws of the State of Texas shall govern this Agreement without regard to any conflict of law rules; and venue for any action concerning this Agreement shall be in the State District Court of Williamson County, Texas. The Parties agree to submit to the personal and subject matter jurisdiction of said court. 3.5 Amendments. This Agreement may be amended by the mutual written agreement of the Parties. 3.6 Severability. In the event any one or more of the provisions contained in this Agreement shall for any reason be held to be invalid, illegal,or unenforceable in any respect,such invalidity, illegality, or unenforceability shall not affect any other provisions, and the Agreement shall be construed as if such invalid, illegal, or unenforceable provision had never been contained in it. 3.7 Notice. Any notice required or permitted to be delivered hereunder may be sent by first class mail, courier, or by confirmed facsimile to the address specified below,or to such other Party or address as either Party may designate in writing, and shall be deemed received three (3) days after delivery or on the day actually received if sent by courier or otherwise hand delivered: If intended for WCAD,to: With a copy to: Attn:Alvin Lankford Attn: Peter G. Smith Chief Appraiser General Counsel William Central Appraisal District Nichols I Jackson 625 FM 1460 1800 Ross Tower Georgetown, Texas 78626-8050 500 North Akard Street Dallas, Texas 75201 If intended for City,to: With a copy to: Attn: Brooks Bennett Attn: Stephanie L. Sandre City Manager City Attorney City of Round Rock,Texas Sheets& Crossfield,PLLC 221 East Main Street 309 E. Main Street Round Rock, Texas 78664 Round Rock, Texas 78664 PAGE 3 REIMBURSEMENT AGREEMENT WILLIAMSON CENTRAL APPRAISAL DISTRICT,CITY OF ROUND ROCK,AN D WILLIAMSON COUNTY 4938-3193-1191 If intended for County,to: With a copy to: Attn: Steven Snell Attn: Hal C. Hawes County Judge Williamson County General Williamson County Counsel's Office Williamson County Court House 401 W. 6th Street 710 South Main Street, Suite 101 Georgetown,Texas 78626 Georgetown,Texas 78626 3.8 Counterparts. This Agreement may be executed by the Parties hereto in separate counterparts, each of which when so executed and delivered shall be an original, but all such counterparts shall together constitute one and the same instrument. Each counterpart may consist of any number of copies hereof each signed by less than all but together signed by all of the Parties hereto. (Signature Page to Follow) PAGE 4 1 REIMBURSEMENT AGREEMENT WILLIAMSON CENTRAL APPRAISAL DISTRICT,CITY OF ROUND ROCK,AN D WILLIAMSON COUNTY 4938-3193-1191 EXECUTED this day of ,2025. WILLIAMSON CENTRAL APPRAISAL DISTRICT By: Alvin Lankford, Chief Appraiser EXECUTED this 9 day of Mai ,2025. CITY OF ROUND ROCae By: Brooks Bennett, City Manage EXECUTED this day of ,2025. WILLIMASON COUNTY,TEXAS By: Steven Snell,County,Judge PAGE 5 1 REIMBURSEMENT AGREEMENT WILLIAMSON CENTRAL APPRAISAL DISTRICT,CITY OF ROUND ROCK,AN D WILLIAMSON COUNTY 4938-3193-1191