R-00-04-13-10F1 - 4/13/2000RESOLUTION NO. R- 00- 04- 13 -10F1
WHEREAS, in accordance with Chapter 312, Tax Code, V.A.T.S., as
amended, and as authorized by Resolution No. R- 95- 03- 23 -10A, the City
entered into a tax abatement agreement ( "Agreement ") dated March 28,
1995, with CINTAS Corporation regarding property in Reinvestment Zone
No. Seven, and
WHEREAS, CINTAS Corporation desires to transfer and assign the
Agreement to CINTAS -RUS, Inc., a subsidiary of CINTAS Corporation, and
WHEREAS, the City Council wishes to consent to said transfer and
assignment, 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 Consent to Assignment Agreement, a copy of same
being attached hereto 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, and the Act.
A
RESOLVED this 13th day of A 4f, 2 00
R: \WPOOCS \RESOLUTI \R00413R1. WPO /sc
4-
LAND, City Secretary
A
4011
11
R1 ST UKA, Mayor
City of Round Rock, Texas
ASSIGNMENT AGREEMENT
This Assignment Agreeme t (hereinafter, "Agreement ") is made and entered into as of the
I . day of the month of ) , 2000 by and among Cintas Corporation,
( "Assignor"), and Cintas - RUS, L. ., ( "Assignee ").
RECITALS
WHEREAS, Cintas Corporation entered into a tax abatement agreement with the City of
Round Rock, Texas and Williamson County, Texas, dated March 28, 1995 (the "Agreement ") on
behalf of Cintas - RUS, Inc., a subsidiary of Assignor;
WHEREAS, Assignee is a Texas limited partnership, the partners of which are two (2)
wholly owned subsidiaries of Cintas - RUS, Inc.;
WHEREAS, the Directors of Cintas Corporation and Cintas - RUS, Inc. have authorized the
transfer and assignment of the agreement to Assignee; and
WHEREAS, the Assignee has agreed to accept the transfer and assignment of the Agreement.
NOW, THEREFORE, in consideration of the mutual covenants herein set forth and other
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties
agree as follows:
1. Transfer of Agreement. Assignor does hereby transfer and assign unto Assignee, all
of its right, title and interest in and to the Agreement and Assignee hereby accepts the assignment
granted herein and assumes and agrees to keep all covenants, responsibilities, obligations and
agreements of Assignor with respect to the Agreement.
2. Governing Law. This Agreement shall be construed in accordance with the laws of
the State of Texas. Further, this Agreement shall be binding upon and shall inure to the benefit of
Assignor, Assignee and their respective successors and assigns.
C: \TEXT \CINTAS. WPD /jkg
IN WITNESS WHEREOF, Assignor and assignee have caused this Agreement to be
executed by their duly authorized representatives as of the date and year first above written.
ASSIGNOR:
CINTAS CORPORATION
By:
Its:
ASSIGNEE:
CINTAS - RUS, L.P.
By:
Its: Authorized Representative of the General Partner
CONSENT
The City of Round Rock, Texas hereby consents to� Assignor's assignment of the Agreement
to Assignee on this the 1 day of the month of Q ° Q) , 2000.
T • OUND ROC , TEXAS
AWIt
o Stluka, ayor
CI
ATTEST:
By:
Date:
gzzivizit
e Land, City Secretary
Williamson County, Texas hereby consents to Assignor's assignment of the Agreement to
Assignee.
WILLIAMSON COUNTY, TEXAS
By:
Its:
DATE: April 7, 2000
SUBJECT: City Council Meeting — April 13, 2000
ITEM: 10.F.1. Consider a resolution authorizing the Mayor to execute a "Consent
to Assignment Agreement" whereby the City of Round Rock
consents to Assignor Cintas Corporation's assignment to Assignee
Cintas — RUS, L.P. of a previously executed tax abatement
agreement of March 28, 1995. Staff Resource Person: Joe Vining,
Planning Director.