R-2025-218 - 8/28/2025 RESOLUTION NO. R-2025-218
WHEREAS, on the 26th day of March, 2020, the City of Round Rock ("City"), the Round
Rock Transportation and Economic Development Corporation and the Round Rock Chamber of
Commerce, Inc. ("Chamber"), collectively the "Parties," entered into that one certain Administration
and Funding Agreement for the City of Round Rock Economic Development Program ("Agreement");
and
WHEREAS, the Parties desire to amend the Agreement to provide funding to the Chamber to
develop a business accelerator program to support early-stage startups and entrepreneurs; and
WHEREAS, the Parties wish to enter into a Third Amendment to the Administration and
Funding Agreement for the City of Round Rock Economic Development Program, Now Therefore
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK,TEXAS,
That the Mayor is hereby authorized and directed to execute on behalf of the City a Third
Amendment to the Administration and Funding Agreement for the City of Round Rock Economic
Development Program, a copy of same 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.
0112.2022.4886-1294-6441
RESOLVED this 28th day of August, 2025.
CRAIG ORG , Mayor
City of Round ck, Texas
ATTEST:
(id/&-41:ANN LIN, City Clerk
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EXHIBIT
A
THIRD AMENDMENT TO THE ADMINISTRATION AND FUNDING AGREEMENT
FOR THE CITY OF ROUND ROCK ECONOMIC DEVELOPMENT PROGRAM
THIS THIRD AMENDMENT TO THE ADMINISTRATION AND FUNDING AGREEMENT
FOR THE CITY OF ROUND ROCK ECONOMIC DEVELOPMENT PROGRAM (the "Third
Amendment")is dated and entered into as of the day of ,2025,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,on the 27th day of July,2022,the Parties entered into that one certain Second
Amendment to the Administration and Funding Agreement for the City of Round Rock Economic
Development Program to add "entrepreneurship" as a program objective, and to increase the
Chamber's monthly fee; and
WHEREAS, the Parties now wish to approve this Third Amendment to provide funding
to the Chamber to develop a business accelerator program to support early-stage startups and
entrepreneurs;
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 THIS THIRD AMENDMENT
DEFINITIONS
SECTION 1.01. 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 THIS THIRD AMENDMENT
ADMINISTRATION
SECTION 2.01. Article II of the Agreement is amended to add Section 2.05 which
shall read as follows:
Section 2.05. Business Accelerator Program. The Chamber agrees to develop and operate one
or more accelerator programs that support early-stage startups,entrepreneurs,and small businesses
within the City. The Chamber may develop the accelerator programs utilizing existing Chamber
staff or may engage one or more organizations experienced in operating business accelerator
programs.
The City and/or TEDCO agree to contribute up to at total of$1,200,000 towards the cost of the
Business Accelerator Program as follows:
Date Amount
October 1,2025 $ 400,000
October 1, 2026 400,000
October 1,2027 400,000
TOTAL $1,200,000
ARTICLE 3
OF THIS THIRDAMENDMENT
MISCELLANEOUS
SECTION 3.1. To the extent necessary to affect the terms and provisions of this
Third Amendment, the Agreement is hereby amended and modified. In all other respects, the
aforesaid Agreement is hereby ratified and confirmed.
SECTION 3.2. This Third 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 Third Amendment to be duly executed as of the day and year first
above written.
(SIGNATURES ON THE FOLLOWING PAGES)
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Round Rock Chamber Of Commerce,Inc.
By:
Jordan Robinson, President
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City of Round Rock, Texas
By:
Craig Morgan, Mayor
Attest:
Ann Franklin, City Clerk
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Round Rock Transportation and economic
Development Corporation
By:
Rene Flores, President
Attest:
Rick Villarreal, Secretary
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