Contract - Round Rock, Transportation&Economic Development Corp., Round Rock Chamber of Commerce, Inc. - 8/28/2025 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 22 day ofA t,e.„,r , 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:
J r n Robinson, President
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City of Round Rock, Texas
By:
Crai organ ayor
Attes :
,;s.,AA C—A
Ann Fr main, City Clerk
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Round Rock Transportation and economic
Development Corporation
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By: '
RE,ne Flores, Preside
Attest:
Rick Villarreal, ecretary
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