R-85-761 - 9/12/1985sdalini46-
0 .fi 1044m4r
edipciamentirbie
MARK WHITE
GOVERNOR
September 26, 1985
Dear Mr. Hazske:
RRV:cl
Enclosure
GOVERNOR'S SMALL BUSINESS REVITALIZATION PROGRAM
Mr. Jack Hazske, City Manager
City of Round Rock
214 E.Main St.
Round Rock, Texas 78664
AUSTIN, TEXAS 78711
Enclosed is the original Economic Development application submitted to
the Texas Department of Community Affairs. Two copies were submitted
to TDCA by the deadline of September 16 and two more were sent on to
Marty Shelton for transmittal to the appropriate Council of Government
for their review.
If you have any questions on the application or the process, please do
not hesitate to call me. I will keep you informed of what is happening
during the review process and I wish the City of Round Rock the best of
luck.
Sin erely,
Rosa Rios - Valdez
SBR Program Manager
P. 0. Box 12728 • 410 East 5th Street • (512) 472-5059
"A joint program of the Governor's Office, the Texas Economic Development Commission
and the Texas Department of Community Affairs"
MIKE ROBINSON
Mayor
MIKE HEIUGENSTEIN
Mayor Pro-tem
COUNCIL MEMBERS
GRAHAM HOWELL
PETE CORREA
RONNIE JEAN
CHARLES CULPEPPER
TRUDY L LEE
JACK A HARZKE
City Manager
DON WOLF
City Attorney
DAN R. McNery
Municipal Judge
THE CITY OF ROUND ROCK
214 E. Main St. • AC 512. 255.3512 • Round Rock, Texas 78884
"000D LIVING WITH A PROUD HERITAGE"
I
Dear Mr. Quintanilla:
September 12, 1985
Rafael Quintanilla, Executive Director
Texas Department of Community Affairs
8317 Cross Park Drive
P.O. Box 13166, Capital Station
Austin, TX 78711
Submitted herewith is a grant application in the amount of
$500,000.00 to the Texas Economic Development Project Fund.
The City Council and staff of Round Rock whole — heartedly
support this application and hope you will consider it
favorably.
Sincerely,
MR /nd
enclosure
R
Mike Robinson
Mayor
TABLE OF CONTENTS
PART I - COVERSHEET 424 /ASSURANCES & CERTIFICATIONS TAB A
Cover Sheet - Form 424 1
Assurances 3
Certifications 6
PART II - PROJECT APPROVAL INFORMATION TAB B
PART III - PROJECT NARRATIVE TAB C
Project Narrative /Needs Assessment Form 21
Project Summary 22
National Program Objective(s) Addresseed 25
Description of Project Activities 32
Economic Development Allocation 33
Minority Employment /Contracting 34
Project Implementation Schedule 39
Administrative Plan 40
PART IV - ATTACHMENTS TAB D
Local Resolution 46
Notices of Public Hearing 49
Fair Housing Activities 52
Letter of Job Commitment 61
Letter of Financial Commitment 63
Financial Information 71
COVER SHEET - FORM 4211
TCDP ASSISTANCE
L APN•
CANT
APPLE.
CATION
a. MUY /CR
1. ,TA7Z
APPUCA.
DON
forme.
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Of ❑ P OUPPUNTION
ACTION ❑ N?UCA710N
04 MI- ❑ TMTIf1TJITION Of INTENT (Opt)
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1. Dm r..... ..31335 4.
A331CMA 19
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4. LEGAL APPLCANT /REGIMENT
A A9Rllra lose t City of Round Rock
LonaalawaR 1 City of Round Rock
A muvF.o. a t 214 E.Main St.
S. Mgt 1 Round Rock . c .y 1 Williamson
I. lido I Ta
Texas E• APwa: 78 664
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• D..0. Pm.. (Na.. Ji k 2 Hall r k gZ City Manager
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9. Slat. Vendor IeentItlullon No.
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• TITLE
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i 7. TITLE AND DESCRIPTION OF APPUCAN s PROJECT
City of Round Rock application to assist
Round Rock Partners on a downtown office /retail
complex.
'
L TYPE OF
A -Seal.
[ -fut..
3(00,0
Eu "
APPLICANT /RECIPIENT
R - fan mood y Moan A[Y.v
y F ie i.o 000.u"ea' 1.d.tal..
B-OlM (Ap.oifvl:
/ F ..c 3 p f pr i ei;I w
9kdkt RM..oves,:"•- 101m
.R
9. TYPE OF ASSISTANCE
A-9rk gent 0410.4 ,.
11- 4044.4-' 0.nl [ -034, sm.., 01o.n pooh. 4r. -1.1 Er ]
10. AREA OF PROJECT IMPACT ((Ne sm .F alti., ....t4
SW.. .es.)
City of Round Rock
y
11. ESTIMATED NUM.
BEM OF PERSONS
SENEFITINO
128
12. TYPE OF APPLICATION
Mlw 0.4,4353, [- A14m.natloa
,_,,n.,,i D-0o.u.e.tl.n
!rater .yyres.:el. truer (MA
13. PROPOSED 7LENDING 14. CONGRESSIO041. DISTRICTS OF:
23. TYPE OF CNANGE (For 140 or IFS)
Increela
- Decr.111 f-0tGar (Ay.cJY):
�9 W 0
X 0.0. ,.... Omni as N/A
• ROW/
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1. APPUCANT
1. PROJECT
• APPLICANT
.00
L STAR
500,000 .00
1L 09OJECT START
DATE Y w....A 4.
1985 1 1 1 S
17. PMOJEC4
OUMTION
1 0 YeaLL.
C -0nullrtiea
4. IACAL
•00
Rester .POP-.-
Prat. 1010.4.) H�
• omRER
1,315,000.M
9 1 .81 5.000 .03
21. pTI 4 000 ATT00 roar ...5 Soo
FEDERAL AGENCY M. 19 R5 9 16
19. EXISTING FEDERAL IDENTIFICATION NUMBER
I. TOTAL
20. PIDERAL AGENCY TO RECEIVE REQUEST (Noss, City, SSW. SIP .43)
Texas Department of Community Affairs
21. REMARKS ADDED
a Yet 0 No
NM
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a. T. Om b 1 M PP Moal.dd. oad Mild.
dm I. ow ....,...ti../...B..0.. "
N. ma maNat. IM M.A.° km oe.
doh .Maenad M Um 093 -113[ Mb d
EM y NMUt 194 ter .-!loot Mill ...at7
00 O. ruched assonant N Os MOM
use 1 ala..d.
• If requlr.o 07 Tona, CIvII Statutes Article 10110 or 44 3(320 No r,. - Rre Li
this application was sdbmltted. our,uant to Instructions therein, •D . ,.Ad
to 170,09,lai. Cl.arin9nou,.s and all response, are ••clacned.
O) ❑ ❑
co ❑ ❑
(1) ❑ ❑
4. ;ma NM NU :TTLE • LISRANA 2����,,
Mike Robinson, Mayor 71A
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. DATE SICAL^
01 :. ,• 333c3.1 A v
SA. .)5()CT YAMS
Texts Department of Community Affair.
07. APPt.3l. J„e 0003333 a.
RECEIVED 19
2L ORGANIZATIONAL UNIT
I Texas Community Development Program
27. ADMINISTRATIVE OFFICE
CATION
20. IDETNTIfIm -COP CATI APPUON
2 !. ADDRESS
Box 13186, Austin. Tom 78711
D
10. TCDP GRANT
IDENTIFICATION
21. ACTION TAKEN
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i 0 • MIMED POE
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11. FUNDING
Few .,en)A 4.
13. ACTION DATER. '19
34. r_r se.e1 4,
8TAMTINO
DATE 19
• MUM.
3 .00
1. APPLICANT
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30. CONTACT FOR ADDITIONAL
TION IN... and M4ywn.
INFORAI4.
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31. Year .wu 4r
ENDING
DATE 19
.. STAR
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37. REMARKS ADDED
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Tom
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FEDERAL AGENCY
A-90 ACTION
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,
a (EDERAL 4 [ s .1. � A'CIAL
PART I
COVER SHEET -- FORM 424
Form Approved
MB No 25060043
STANDARD FORM 424 PAGE 1 (10-71)
P,.wnJ.d M GJA. F.Lr.1 M....rm0t 04.o4., 74-7
SECTION IV- REMARKS fPk.e rrA7str ,Arproper u... owwhr/ro% Sntiws L f! r f!!.(/wham'
4.H Mr. Jack Harzke
City Manager
City of Round Rock
Phone: 255 -3612
Mr. Sam Huey
Asst. City Manager
City of Round Rock
Phone: 255 -3612
10. Project will impact a designated blighted area located in downtown Round Rock.
11. Jobs impact reflect 58 construction and landscape positions; 60 new jobs to be
created by office and retail tenants, and 10 job retentions.
16. Construction will start 30 days after contract is awarded.
ASSURANCES
ASSURANCES
The applicant hereby enures and certifies that he will comply with the r9 lstions, policies, guidelines and r*quiremahb,
Including Offs of Management and Budget Ckculen Noe 0,17, A•95, and A•102, as they reins to to application,
sseptwha ad use of Federal funds for this ledereReenined project Also, the appiie411 g ive mu-no rd weblrs with
ntpect to the r ant Mat:
1. 11 poises Ill autherky to apply for the Fwd. and to conducting inspection to Inman compliance with then
risen and construct the proposed facilities; Net a mole• spadfistwru by the contractor.
tlot, motion or similar action has been duly adopted or B. ft will cause work on the project to be commenced with
Palled as en official at 01 to applicant's preming body. In a rssonable time *her receipt of notification from the
eNhor1ziry the filing 01 the application. Incl dire all under. apposing Fedral agency Nat herds here been approved
sardine and awurance contained therein, and directing and that the project w111 be prosecuted to completion with
and 'Sharking We penon Identified r the official rupee nuwsebla diligence.
eentethe of the applicnt to an In nbrrheeuon with the 10. It will not depose of or *cumber lu tide or other
tpplkalion and to provide such additional Information r interests M the site and facilities during the period of Fed•
my be requkd. oral interest w while the Go rivn*lt holds bone! which.
2. h wile comply with the provision el: Executive Order ern Is the longer.
11206, relating to evaluation of Rood !surds, cud Exaar i1. It will comply with Tide VI of the Civil Rights Act of
the Order 11266, relating to the prevention, control, and 1964 ( ►.1„ 96 and In accordance with Title VI of that
ehesenent of water pollution AR no person in Ps United Stites shell, on the ground of
7. I1a411 have efficient lands avatlabk to mart the nor- ran, color, or netronl origin, be excluded from psrticipe
Federal then of the cost la construction projects. Suffi. yon in be denied the benefits of, or be othenwlse subjected
chant funds will be available w construction is cam' to discrimination under any pro7am or activity for which
*Ind n sumo effective apention and maintenance of the the applicant receives Federal financial entttncce end will
' yeasty for the purposes constructed. kmnediably take any messes necessary to effectuate this
4. h wet obtain approval by the appropriate Federal agreement If any nal property or strums thereon Is wo-
e/mot of the final working dmrings and specifcetion be sided or Snood with the aid of Federal hernial mit
fore the project is *dvenised or plaid on the market for terra extended to the Applicant. this assurance cell obit
Wedding: tat it *Hl construct the project, or mute It to be t1b the Applicant or in the case 01 any tram/01 01 w1ch
contracted, to fast completion in axordens with the property, any transfers, for the period during which is
appliunion and approved plan end 'metric/dons; the It nal property or structure is used for 1 purpose for which
will admit to the appropriate Floral agency for prior ape- the Federal Irnnciel mistaro k extended or for another
ewe thence that alter the cab of the project use of purpos involving the provision of similar services or bees
'pace, or functional tryout: that it will not enter Into a 9e
contrtction cantraetlt) for the project or urderoke other 12. 11 will establish efegue ds to prohibit employee' from
ctIltin until the condition of the construction grant pro using their positions fora purpose that k or give the w
gusts) has been met. , poems of being motivated by a desire for private gain for
1L It will prork% and maintain compeamt and adequate themselves or others, paniculerly those with whom they
adducerst engineering supervision ad inspection x1 the here family, business, or other tea
instruction site to Saxe the the completed work con- 13. It will comply with the requirements or Title 11 and
tonne with the approved plan and epecIficeion: that it Title 111 of the Uniform Ralocation Anthem* and Rsl
will fumkh proves reports and wide other Information es Property Acquisition Act of 1970 (►.L 91416) which
the Felon! voter agency may require. provides for fair and equitable treatment of person die
t 1t vin operate and maintain the facility In aaondana gamed as a noun of FedanI and federally mind pep
with the minimum standards r any be requked c pee I
' by the applleabla Fedwel. Sub and local 'packs 14. It will comply with all ruqulr*menb knposed by the
tor the meinsenane and tdpwation of ad" hellitiaa Federal grantor agency soncwning special requtnmenb of
7. h win the w'
ghee e venter pansy and the Comptroller Gar la. peogram nquinmenb. cud other adminiotra eve re-
te a NouM. coy autmsked onmeentetive amm t aed the quiremenb approvd in 'cadence with Office of Menges
.W.1 to aaaenIne aH meads, books. poPwt, a dxvmnb mot end Budget Circular No. A•102.
related to the grant 15. It will comply with the provilons of the Hatch Act
l it will require the bc9hy to be desired to comply with which limit the political .cushy of employee.
Is "American Standard Specification for Making Build- 16. It will comply with the minimum wept and maximum
Inc end Facilities Anaadbls m. old debit by. to ►hysl boon provision of the Federal Fair Labor Standards Act,
0fly 14ndkppsd," Number A117.1.1961, s modifrd 141 es they apply to hospital and durational Institution em-
CFR 10117.703). The applicant will be nepondbb for pbyees of Sub and local g vemmenta
-3-
ASSURANCES CONTINUED
17. It will insure that the facilities under its ownership, lease
or supervision which shall be utilized in the accomplishment
of the project are not listed on the Environmental Protection
Agency's (EPA) list of Violating Facilities and that it will
notify the Federal grantor agency of the receipt of any
communication from the Director of the EPA Office of Federal
Activities indicating that a facility to be utilized dA in the
project is under consideration.for listing by th
18. It will comply with the flood insurance purchase requirements
of Section 102(a) of the Flood Disaster Protection
ct f 3l,
1973, Public Law 93 -234, 87 Stat. 975,.app tect December
1976. Section 102(a) requires, on and after March 2, 1975,
the purchase of flood insurance in communities where such
insurance is available as a condition for the receipt of any
Federal financial assistance for construction or acquisition
purposes for use in any area that has been identified by the
Secretary of the Department of Housing and Urban Development
as an area having special flood hazards. The phase "Federal
financial asisstance" includes any form of loan, grant,
guaranty, insurance payment, rebate, subsidy, disaster
assistance loan or grant, or any other form of direct or
indirect Federal assistance.
19. It will assist the Federal grantor agency in its compliance
with Section 106 of the National Historic Preservation Act
of 1966 as amended (16 U.S.C. 470), Executive Order 11593,
and the Archeological and Historic Preservation Act of
1966 (16 U.S.C. 469a et seq.) by (a) consulting with the
State Historic Preservation Officer on the conduct of
investigations, as necessary, to identify properties
listed in or eligible for inclusion in the National Register
of Historic 8008 that e activity, and notifying effects
36 Federal
36 CFR Part 800..8) ) by th
grantor agency of the existence of any such properties, and
by (b) complying with all requirements established by the
Federal grantor agency'to avoid or mitigate adverse effects
upon such properties.
20. (a) "It will comply with Texas Civil Statutes, Article 5996a,
by insuring that no officer, employee, or member of the applicant's
governing body or of the applicant's contractor shall vote or confirm
the employment of any person related within the second degree by
affinity or third degree by consanguinity to any member of the govern-
ing body or to any other officer. or employee authorized to employ or
supervise such person. This prohibition shall not prohibit the employ-
ment of a person who shall have been continuously employed for a period
of two years prior to the election or appointment of the officer, employee,
or governing body member related to such person in the prohibited degree."
(b) "It will insure that all information collected, assembled or
maintained by the applicant relative to this project shall be avail-
able to the public during normal business hours in compliance with
Texas Civil Statutes, Article 6252 -17a, unless otherwise expressly provided
by law."
(c)
which requires all regular, special, or called meetings of governmental
bodies to be open to the public, except as otherwise provided by law or
specifically permitted in the Texas Constitution."
"It will comply with Texas Civil Statutes, Article 6252 -17,
CERTIFICATIONS
CER11F1CA1ION
1, __Mike.Robinson_____ _ 1111.1 Mayor_ C ty_of Round Rock /Williamson
ClIY /COUNTY
CERTIFY, WITH RESPECT TO THE EXPENDITURE OF TEXAS COMMUNITY DEVELOPMENT
PROGRAM BY THE City o£ Round Rock /Williamson , THAI:
CI1Y /COUNTY
(1)
If WILL MINIMIZE DISPLACEMENT OF PERSONS AS A RESULT OF ACTIVITIES
ASSISTED WITH SUCH 1CDP FUNDS.
(2) 1HE PROGRAM WILL BE CONDUCTED AND ADMINISTERED IN CONFORMITY WITH
PUBLIC LAW 88 -352 AND PUBLIC LAW 90 -284, AND THAT IT WILL
AFFIRMATIVELY FURTHER FAIR HOUSING: AS SPECIFIED BY THE TEXAS
DEPARTMENT OF COMMUNITY AFFAIRS.
(3) 11 WILL PROVIDE FOR OPPORTUNITIES FOR CIIILEN PARTICIPATION,
HEARINGS AND ACCESS TO INFORMATION WITH RESPECT 10 11S COMMUNITY
DEVELOPMENT PROGRAMS AS SPECIFIED BY THE DEPARIMENI.
(4) IT WILL NOT ATTEMPT TO RECOVER ANY CAPITAL COSTS OF PUBLIC
IMPROVEMENTS ASSISTED IN WHOLE OR IN PART WIIH TCDP FUNDS BY
ASSESSING ANY AMOUNT AGAINST PROPERTIES OWNED AND OCCUPIED BY
PERSONS OF LOW AND MODERATE INCOME, INCLUDING ANY FEE CHARGED OR
ASSESSMENT MADE AS A CONDITION OF OBTAINING ACCESS TO SUCH PUBLIC
IMPROVEMENTS UNLESS (A) TCDP FUNDS ARE USED TO PAY THE PROPORTION OF
SUCH FEE OR ASSESSMENT THAT RELATED 10 THE CAPITAL COSTS OF SUCH
PUBLIC IMPROVEMENTS THAT ARE FINANCED FROM REVENUE SOURCES OTHER
THAN TCDP FUNDS: OR (B) FOR PURPOSES OF ASSESSING ANY AMOUNT AGAINST
PROPERTIES OWNED AND OCCUPIED BY PERSONS OF LOW AND MODERATE INCOME
WHO ARE NO1 PERSONS OF VERY LOW INCOME, THE UNIT OF GENERAL LOCAL.
GOVERNMENT CERTIFIES THAT 11 LACKS SUFFICIENT TCDP FUNDS 10 COMPLY
WITH THE REQUIREMENTS OF CLAUSE (A).
SIGNATURE
2
DAIL
Item 1.
oe�is assistance request require
State, local, regional, or other
priority rating?
Yes No
Item 3.
Does this assistance request require
clearinghouse review per Executive
Order 12372, and as provided for in
Articles 1011m and 4413(32a), Vernon's
Civil Statutes.
Yes - No N/A
Item 4.
Does..this assistance request require
ipSta.te, regional or other
planning' approval?
Yes No_
PART II - SECTION A
PROJECT APPROVAL INFORMATION
Name of Governing Body:
Priority Rating
Item 2.
Does t is assistance request require Name of Agency or Board:
State, or local advisory clearance? TCDP Regional Review Committee
(NOTE: Regional Review Committee
review is optional)
Yes )■ No (Attach Documentation)
(Attach Comments)
Capital Area Planning Council
Name of Approving Agency
Date:
Item 5.
Is the proposed project covered by an Check One: State
approved comprehensive plan? Local X
Regional
Yes. No Location of Plan: City of Round Rock
Round Rock Frontiers: A Development Guide
Item 6.
Wi the assistance requested serve
or be located on a Federal
installation?
Yes No X
Item 7.
Will the assistance requested have
any negative impact(s) or effect(s)
on the environment?
Yes No 1 (
Item 8.
Will the assistance requested cause Number of:
the displacement of individuals, Individuals:
families, businesses, or farms? Families:
Businesses
Yes No Farms
Item 9.
Is there other related financial
assistance on this project (previous,
pending, or anticipated)
Yes No
Item 10.
. Is the project in a designated flood
hazard area?
Yes No
Item 11.
Did the; applicant contact other'state or,federal,,funding sources prior to
,making application for TCDP funds?
UDAG
SBA
If yes, what was the outCOme? An Inducement Resolution for Industrial Revenue
Bond finance has been secured.
If no, why was contact not made?
—B—
Name of Federal Installation:
Location of Federal Land:
Percent of Project:
Note: All applicants funded will have
to comply with federal regulations
regarding environmental clearance
before funds are released.
Private financing for $1,315,000 from
a lending institution is anticipated.
FmliA
OtherR3's
1. SITES AND IMPROVEMENTS 1001requrred X Attached as exhibits
Applicard intends 10 acquue the site (hough'
Eminent domain Negotiated purchase X Other means (specdyy�Land transfer
land ¢wan
1. TITLE OR OTHER INTEREST IN THE SITE IS OR WILL BE VESTED IN.
Applicant. Agency or institution operating the facility. X Other, (specify) Round Rock
Partners
3. INDICATE WHETHER APPLICANT OPERATOR HAS:
X • Fee simple title Leasehoki mlerest Otter (specify)
L. IF APPLICANT 'OPERATOR HAS LEASEHOLD INTEREST. GIVE THE FOLLOWING INFORMATION:
a. Length d lease m other estate interest end number of years to run
b. Is lease renewable Yes No „
c. Current appraised value 01 lard S r
d. Annual rental rate 5
5. ATTACH AN OPINION FROM ACCEPTABLE TITLE COUNSEL DESCRIBING THE INTEREST APPLICANT'OPERATOR HAS IN THE
SITE AND CERTIFYING THAT THE ESTATE OR INTEREST IS LEGAL AND VALID.
5. WHERE APPLICABLE. ATTACH SITE SURVEY, SOIL INVESTIGATION REPORTS *NO COPIES OF LAND APPRAISALS.
7. WHERE APPLICABLE, ATTACH CERTIFICATION FROM ARCHITECT ON THE FEASIBILITY OF IMPROVING EXISTING SITE
TOPOGRAPHY.
B. ATTACH PLOT PLAN
9. CONSTRUCTION SCHEDULE ESTIMATES' N01 required X Being peparen ' Attached as exhibits
Pe:tentage oI completion o1 drawings and specificalions'at application date'
. Schematics X ,,.. 1 . .Preliminary , e Final
.
10. TARGET DATES FOR
-r, Bid Advedisemenl ._ November 1985 . .._ _ Contract Award December 1985
' Consliuction Completion _ August_ .1986 - .v Occupaky September 1986
11f+DE5CRIPTION OF FACILITY , Not requrred' ° ° -- X ^' 'v‘ Attached as exhibits
Drawings - Attach any drawings which will assist m describing the protect.
Specifications - Attach copies of completed outline specification.
(II drawings and spec licaliOns have not been fully completed, please attach copies or working drawings That have been completed.)
INSTRUCTION
PART II — SECTION B
NOTE 11E5E5 04 1411 04[11 54 slur
-9-
• 14
00 1•a110C1100a ••1 0.505■101.
Mr. Mike Robinson, Mayor
Members of the City Council
Round Rock, Texas
ROUND ROCK PARTNERS
9417 Great Hills Trail #2026
Austin, Texas 78759
(512)343 - 1274
September 11, 1985
Re: Application for Economic Development Grant
Dear Mayor and Members of the Round Rock City Council:
As you know Round Rock Partners has proposed a mixed -use development
for the downtown area. Although our development will be located in a
designated blighted area, we feel confident that a development such as
ours, coupled with the City's efforts and foresight, will re- create a
viable and vibrant central business district that has been lacking in
Round Rock to date.
Although the Mayor and Council are to be commended for the growth
experienced within the City, the City on the whole has suffered from
urban sprawl and has left the downtown area impoverished and in a
delapadated state.
Our proposed development is projected to create several new jobs both
in the construction stage and after project completion date. We
envision approximately 58 construction jobs to be filled as soon as the
ground is broken. When completed, we project 70 jobs to be created
with 60 of these jobs being filled by low to moderate income groups who
will work as shop assistants, waitpersons or clerical staff within the
project.
Due to the innovative nature of this development we view our project as
the catalist to propell other area property owners and investors to
rehabilitate existing structures or construct new facilities that will
in total create a new central business district that will project the
thoughtful yet progressive style of Round Rock.
-10-
As innovative as our project is we are confident of its long -term
success, however, we are concerned about its short -term financial
goals. Based upon cost and cash flow projections, should we use
Industrial Revenue Bonds the rate of return on costs will be less than
3% during the first 3 to 5 years of the project.
Therefore, we strongly urge the City to apply for an Economic
Development Grant in the amount of $500,000 to be applied to this
project. These grant monies will increase the rate of return
dramatically and thereby provide the incentive that Round Rock Partners
needs to move forward with the project.
Thank you for your time and consideration in this matter.
Respectively,
Mart Shelton
Round Rock Partners
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STATE OF TEXAS
RESOLUTION CONCERNING MEMORANDUM OF AGREEMENT
WITH ROUND ROCK PARTNERS ON CITY HALL COMPLEX
COUNTY OF WILLIAMSON
WHEREAS, the need for additional space for the
operations of the City of Round Rock is critical and such
needs will continue to grow as the City expands in future
years; and
WHEREAS, Round Rock Partners has proposed to provide
said space on advantageous terms and conditions to satisfy
the future needs of the City of Round Rock; and
WHEREAS, said arrangement will allow the City to avoid
issuing bonds or go into debt to construct said space; and
WHEREAS, said parties now desire to document their
agreement concerning the development of a City Hall complex;
and
4
WHEREAS, said ,agreement includes the eventual
construction of 4 buildings and a parking garage in downtown
Round Rock; and
WHEREAS, the goal to be accomplished by both parties
can best be done by the exchange of certain land owned by
the City with land owned by Round Rock Partners;
WHEREAS, said exchange will be accompanied with a
simultaneous execution by the City of a lease of office
space in the first building to be constructed by Round Rock
Partners to be built on the land acquired from the City; and
WHEREAS, said transaction will also include the option
in the City to lease additional facilities and purchase
certain of the aforementioned facilities at a fixed price;
and
WHEREAS, the general terms of said agreement between
the parties are as described on the attached Memorandum of
Agreement;
NOW THEREFORE, BE IT RESOLVED BY THE CITY OF ROUND
ROCK, TEXAS THAT:
1. The City of Round Rock hereby agrees in principle
to the terms of an agreement with Round Rock Partners, the
details of said agreement to be as described in the
Memorandum of Agreement attached hereto.
2. The Mayor of the City of Round Rock, Texas is
hereby authorized to execute said Memorandum of Agreement
pursuant to the terms of this Resolution.
3. The terms and conditions of the Lease Agreement
between the City of Round Rock and Round Rock Partners are
still to be negotiated and said lease and other final
documents will be executed at a later date, however the City
hereby agrees to proceed with the transaction as described
herein.
4. That the City Secretary is hereby directed to file
a copy of this Resolution in the permanent records of her
office.
-15-
1985.
ATTEST:
APPROVED this dotes day of
E LAND, City Secretary
-16-
6
•
1
MIKE ROBTNSON, Mayor
City of Round Rock, Texas
1 -k -1
MEMORANDUM OF AGREEMENT
This Memorandum of Agreement is entered into on this
day of , 1985, by and between
the Cty of Round R ck, Texas, a municipal corporation
( "City ") and Round Rock Partners, a Colorado General
Partnership composed of Paul R. Cronk and Charles Schreiner
Nelson, general partners ( "Partners "). This document is
intended to outline and document the basis of certain
agreements reached by the parties hereto. It is understood
and agreed that a more formal written document, specifically
as it relates to certain leases and a land exchange to be
executed by the parties, will follow at a later date. The
parties hereto now agree as follows:
1. The City now owns lots 13 through 19 of Block 10 of
the City of Round Rock. Partners now owns Lots 1 through 5
of said Block 10. The City also has an option to purchase'
Lot 6 through 10 of said Block 10. Upon execution of the
lease contemplated herein, City will proceed to acquire
legal title to said Lots 6 through 10.
2. Upon consummation of all transactions contemplated
hereunder, the City will exchange Lots 17, 18 and 19 to
Partners in exchange for Lots 1 through 5, inclusive. Lots
17, 18 and 19 have an area of approximately 11,250 square
feet, and Lots 1 through 5, inclusive have an area of
approximately 16,875 square feet.
3. The City and Partners will cooperate to immediately
vacate approximately the easterly 210 feet of the alley of
said Block 10. Upon vacation, adjoining property owners will
own said property to the center line of the alley.
4. Simultaneous with said exchange, all land then
owned by City in Block 10 will be leased to Partners for a
period to coincide with the life of the bonds or other
financing on the project plus five years at a lease rate of
$10.00 per year. If City ever fails to renew any of its
leases upon said property, said ground lease to Partners
shall revert to a 99 year lease from the date of the
original ground lease. City shall have the right to continue
to use all structures currently existing on said Block 10
until such time as said structures are to be demolished as
described on the proposed development schedule (see Appendix
A) .
5. It is the intent of both City and Partners that the
entire Block 10 (with the exception of the Nelson Hardware
Building already existing) be developed by Round Rock
Partners according to the schedule described on Appendix A.
Said plan provides for the building of 4 buildings, being 3
office /retail buildings of 2 to 3 stories, and a city
council chamber, as well as a parking garage with drive -up
facilities for payment of city bills and assessments. The
intent of development is to provide for an orderly and
timely expansion of space for the City as well as providing
space for retail merchants and professional offices in the
downtown area.
6. A Council subcommittee shall be allowed input into
the overall design of the complex, and will be given final
design approval, which approval will not be unreasonably
withheld. Said complex shall be designed and built in a
quality manner and in keeping with the historic nature of
downtown Round Rock and its existing buildings, but at the
lowest reasonable cost. The size of all buildings on the
aforementioned property will be compatible with the proposed
site plan attached hereto as Appendix B.
-171-
7. City agrees to cooperate with Partners on all
zoning and building code matters necessary to effectuate
this agreement.
8. Subject to final negotiation of the parties as to
the exact terms, City will sign a lease on Building A (see
the attached description of buildings designated Appendix
B). Such agreement will also include City's agreement to pay
its proportionate share of debt service on common area
facilities and on the parking garage. Said proportionate
share will be calculated based upon the rentable space
obligated to the City by lease and the rentable space built
and leasable by Partners in the open market. Said lease by
the City will have a base net rental equal to the debt
service attributable to the square feet rented to the City.
In addition to said base rent, the City will pay its
proportionate share of all building, garage, and common area
operating expenses including, but not limited to, charges
for utilities, maintenance, insurance, and management. The
lease to be executed by the City on Building A will be for a
one year term; however, it is the understanding of the
parties hereto that City intend such lease to continue for a
minimum of ten (10) years.
9. Simultaneous with the execution of this lease, City
and Partners will execute an option granting City the option
to acquire Building A and proportionate share of parking
garage and common areas at any time after final
construction and occupancy. Such property may be acquired at
a price equal to the then outstanding debt attributable to
Building A and proportionate share of the parking garage and
common areas.
10. (a) Building C, as shown on the attached Appendix,
may likewise be acquired by City under option for a price
equal to the then outstanding debt attributable to Building
C. Based upon the completed space studies, it is expected
that such property will be leased by the City in 1990. It is
the present intent of the parties that Building C will be
constructed immediately upon vacation of the existing City
Hall Annex. It is hoped that said completion of Building C
will be in early 1987. Because said Building C can be
acquired by the City at any time for the outstanding debt,
plus proportionate share of parking garage and common areas,
Partners cannot take the risk of constructing and leasing
said building prior to the City's expansion unless and until
Partners is thoroughly satisfied the building can be timely
leased in the open market prior to City's eventual
occupancy. If Partners determines to construct Building C
prior to the execution of a lease with City and /or
acquisition by City, Partners may do so. In such event
Partners will be liable for any debt on Building C and the
proportionate share for common area and parking garage, but
any profits generated out of that Building by Partners will
belong to Partners.
(b) If the City needs the expansion space of Building C
prior to Partners willingness to construct, and if City
desires to lease rather than acquire, City may choose to
commence the development of that property. Should City
choose Partners to develop Building C, Partners would be
entitled to a development fee. In such event City agrees to
lease the entire building and bear its proportionate share
of debt service on the common area and parking garage and
thereby acquire the opportunity to rent unused space to
other tenants. Should City master lease Building C from
Partners, any space subleased by City shall be at market
rate as determined by the parties hereto or by an
independent appraiser. Partners agrees to assist the City if
requested to lease any excess space, and Partners will be
paid a leasing fee for this service; however, City shall
receive all profits generated by said sublease agreements.
-18-
(c) In order to protect the interest of City, should
City not be satisfied with the performance of Partners in
development of this property, City may choose another
developer to construct Building C. If City chooses to use
another developer, City must deliver written notice to
Partners that the work of Partners is not satisfactory
within 2 months after the completion of Building A or prior
to Partners commencing the construction of Building C. Said
notice shall state in detail the reasons why such work was
not satisfactory. If said notice is not delivered within
said time period, the option of City to use another
developer for Building C will be waived. If City does
exercise said option to use another developer, the ground
lease to the extent it covers the building foot print for
Building C, as shown on Appendix B, will be terminated
immediately. Any costs incurred by Partners and attributable
to such Building C will be reimbursed by City immediately
upon said ground lease termination. City agrees that, if
built by another developer, Building C shall be built in
conformance with the original plans and specifications, and
that quality workmanship will be used throughout said
building. City shall be liable for the debt service of
Building C and the appropriate proportionate share of common
area and parking garage.
11. Building D will be built and leased to the City
upon City exercising its option for Building D to be
constructed. It is the present intent of the parties that
Building D will be completed by March, 1987. The City will
also have an option to purchase Building D identical to that
for Building C and Building A along with its appropriate
share of the parking garage and common areas.
12. Financing of the project will be arranged by
Partners. Because City's lease payments are based upon the
debt service payments on the buildings, City shall have the
right of approval of any financing which will provide for an
interest rate of greater than 9 1/2 %, and any term shorter
than a ten year term amortized over 25 years. It is
presently anticipated that such financing will be by method
of industrial revenue bonds, and the user of those funds
will be the Partners.
13. City shall be entitled to purchase from Partners
Buildings A, C, and /or D plus the appropriate proportionate'
share of the parking garage and common areas at any time. It
is stipulated and agreed that the purchase price for said
buildings shall be the then outstanding debt on the facility
and said proportionate debt on common facilities.
14. City shall be given the first right to purchase
Building B. The exact terms of said preferential right to
purchase shall be determined by the parties at the time of
execution of the lease described herein; however, City shall
not be given longer than 90 days to exercise any
preferential right to purchase after notification by
Partners.
15. Any future expansion of the parking garage to be
constructed pursuant to this agreement, shall be made by the
City at the City's expense. It is agreed that the parking
garage will be designed so that expansion will be
structurally possible.
16. It is understood by the parties hereto that any
space acquired, leased, or constructed by City may be leased
by City to non -city tenants; however, City hereby agrees
that any leasing of said City leased space to non -city
tenants shall be at fair market value as determined by the
parties hereto at the time of lease between City and
-19-
non -city tenants. If any dispute arises between City and
Partners as to said market value, it shall be as determined
by independent appraisal.
17. This agreement shall be executed by Partners on or
before ten (10) days after execution by City. If not so
executed, this agreement of City shall terminate.
ATTEST:
EXECUTED this
acv end,
E LAND, City Secretary
3 day of 4 YT , 1985.
MIKE ROBINSON, Mayor
City of Round Rock, Texas
EXECUTED this day of ;.14 , 1985.
ROUND ROCK PARTNERS
BY:
PAUL R. CRONK,
General Partner
PROJECT NARRATIVE /NEEDS ASSESSMENT FORM
1. Briefly describe the serious and basic housing needs:
Affordable Housing is not available for most of our elderly and minority
population. A large segment of our existing housing stock is in need
of substantial rehabilitation.
2. Briefly describe and document the serious and basic economic development
needs:
High land and development costs make it difficult for small businesses to
start in the area.
PART III
CITY OF ROiN ROCK
(App scant)
A. PROJECT NARRATIVE
NEEDS ASSESSMENT FORM
State of Texas
Texas Community Development
Program
3. Briefly describe the serious and basic public facilities needs:
Although water and wastewater service is available to most of the community,
adequate fire flows in the older section of town do not meet required
standards. Lack,of curb's and gutters also contribute to localized drainage
problems.
4. Briefly describe the other 'serious and basic needs:
Low priced day care facilities are not available for low income working
parents. A community center large enough to house city wide events is
not available.
NEEDS DETERMINED BY:
1) PUBLIC HEARING o
2) COMMUNITY SURVEY o
3) EXISTING STUDIES ffi
4) OTHER 0
—
DATE OF ASSESSMENT:
September 9, 1985
PROJECT SUMMARY
Community Needs Assessment
PROJECT SUMMARY
The City of Round Rock is a rapidly growing central Texas community
that has been recently experiencing a doubling of its population every
five years. As a result of the city's new population expansion, Round
Rock has been able to service new development areas. However, the
older sections of downtown are lacking adequate fire water flows, curbs
and gutters and a large segment of the City's existing housing stock
needs substantial rehabilitation.
Commercial development in the City of Round Rock has occurred most
recently along Interstate Highway 35. With -in the last four years, the
downtown commercial district experienced some improvements in building
restorations and facade renovations. Yet the need exists for more
varied commercial development that will allow for a mixed use of retail
shops and professional offices to revitalize the inner city and
encourage downtown customer activity. Economic development of our
inner city has been a priority of Council and the City supports the use
of industrial revenue bonds to serve as incentives for a downtown
revitalization effort.
Round Rock, because of its proximity to Austin, has attracted major
employers into its ETJ. These successful industry locations have had
their economic set backs in that just a few months ago, Applied Micro
Memories dismissed 125 local residents. B J. Hughs, another major
Round Rock employer experienced temporary lay -offs of several employees
due to production out backs. Westinghouse, in efforts to retain its
present work force, is offering an extended work week to its employees
to prevent lay -offs.
Round Rock officials and Chamber of Commerce leaders recognize that the
economic growth of its major employers has stagnated and in some cases
declined. This issue requires local leaders to be just as concerned if
not more concerned with the expansion needs of its smaller businesses
and the development of a downtown revitalization effort that will
foster opportunities to smaller local merchants. The only viable
solution to this need is one which has been offered by Round Rock
Partners in its proposed plan to build a commercial office /retail
complex.
_22_
Protect Description
Round Rock Partners, a Colorado General Partnership consisting of Paul
R. Cronk and Charles Schreiner Nelson individually, propose to design
and develop a retail and professional office building to be located in
downtown Round Rock, Texas on the southeast corner of Main Street and
Sheppard Street. This building will be referred to in renderings and
legal documents as Building B.
Building B will contain approximately 17,550 square feet and will be a
two story structure. The first floor consists of approximately 8,775
square feet and will be designed for retail use. The developers are
encouraging several small shop owners to lease this bottom space in
order to promote pedestrian traffic to the building and in turn the
downtown area.
The second floor will contain about 8,775 square feet and will house
professionals such as attorneys, accountants and consultants. The
building will have an elevator and energy - efficient systems.
The exterior of the building will be designed to compliment the
historic nature of downtown Round Rock and landscaping shall include
park benches to accommodate employees and patrons who prefer lunching
or reading outdoors.
We are projecting the building will contain enough space to hosue about
70 people including the store assistants, florists, clerical workers,
bookkeepers and professionals. The parking structure that will be
constructed on the southwest portion of the block will provide the
necessary parking for the tenants and customers.
Building B will be one of four separate buildings to be built on the
block bounded by Main Street, Bagdad Street, Sheppard Street and
Lampases Street. The three other buildings are to be oonstructed to
accommodate the City of Round Rock's several expanding departments and
City Council Chambers.
The cost of Building B and its proportionate share of the parking
garage and common area landscaping is projected to be approximately
$1,800,000.
Due to the present condition of the downtown sector of Round Rock the
developers do not perceive the rental market to be above $10.75 per
square foot per annum net of all operating costs. This reduces the
cash flow to only about $5,200 after a vacancy factor of 5% and debt
service costs. (Developers are using Industrial Revenue Bond financing
to be coordinated by MBank Corporation).
The developers believe that the magnitude of the entire project, of
which this building is an intricate part, will promote the stability
-23-
and viability of the downtown central business district and will turn a
once blighted area into a very vibrant city core. However, during its
infancy the project will be financially vulnerable. This vulnerability
will probably last until the lease terms are renegotiated in years 3
through 5.
It is therefore requested that grant monies in the amount of $500,000
be available for use by Round Rock Partners through the City of Round
Rock in order to somewhat restructure the debt service coverage and
allow the building to generate enough cash flow during the early years
to successfully achieve economic stability which will in turn provide
stability to a presently quivering downtown district.
Financing Structure
Round Rock Partners are seeking $500,000 in grant money; $15,000 to be
used by the City of Round Rock in administration of the grant and
$485,000 to be loaned by the City of Round Rock to Round Rock Partners
at an interest rate of 5% per annum, amortized over a period of 30
years with principal and interest payments delivered monthly from Round
Rock Partners to the City after a one year deferment in any repayment
thereof in order to help the cash flow of Round Rock Partners during
the construction phase of the project. Due to the optimism on behalf
of Round Rock Partners that the project will be successful after a
period of 5 - 7 years, the loan will have a balloon clause whereby the
entire outstanding principal balance and any and all accrued interest
thereon shall be due and payable on the tenth anniversary from the
execution date of the note. This will allow the City of Round Rock to
re- invest these monies into another worthy project that will enhance
the City in total and provide necessary jobs within the region.
Round Rock Partners and MBank Corporation are coordinating the
financing on the balance of funds needed (approximately $1,315,000) to
complete the project. The loan term is expected to be 30 years with a
balloon in 10 years. The interest rate on the Industrial Revenue Bonds
is anticipated to fall between 8 -9 %.
The net operating income generated by the project is estimated to be
$180,504 after operating expenses and a 5% vacancy allowance. The debt
service is $175,206 on IRB's totaling $1,800,000 with a 9% interest
rate, 30 year amortized life. This would only leave $5,300 cash flow
during the first few years of the project. This amount does not
represent a very wide margin for any errors or unforseen circumstances.
However, should the developers receive the benefit of the Economic
Development Grant at the above represented interest rate and term, the
cash flow of the project would increase to roughly $20,955 per year
during the first 3 -5 years due to the variance in interest rates. This
amount could be considered an adequate cushion should the project need
an additional cash injection for any unanticipated occurranee.
-24-
NATIONAL PROGRAM OBJECTIVE(S) ADDRESSED
C. NATIONAL PROGRAM OBJECTIVE(S) ADDRESSED
Each activity proposed must address one or more of the three national
program objectives outlined in Title I of the Housing and Community
Development Act of 1974, as amended. These are:
- Principally benefit persons of low /moderate income (i.e., 51 percent
of the persons benefitting from the project must be of low and
moderate income as defined for the Section 8 housing program.)
Section 8 income limits are provided as Appendix IV to this
application package.
- Prevent or eliminate slum and blight conditions. To qualify the
applicant must designate a slum or blighted area as defined by local
law and where there exists a substantial number of deteriorating or
dilapidated buildings or improvements throughout the area, identify
the specific conditions that contribute to slum and blight, and the
activities in the application must address the specific conditions
identified.
- Address other community development needs of particular urgency. The
applicant must provide documentation from the Texas Department of
Health that the activity is designed to alleviate an existing
condition that represents a "serious and immediate threat to the
health and welfare of the community which is of recent origin or
which recently became urgent." The applicant must also certify that
they do not have sufficient local resources to address the problem
and that other resources are not available.
For each national objective under which the proposed activity qualifies,
check the appropriate box and provide the information in that section.
/7 Principally benefits low and moderate income persons.
Was this determined on direct benefit, or income /condition
eligibility? (See Appendices II and IV for determining basis for
counting beneficiaries.) Divert genpfit_
Ii direct benefit, how many persons will be employed? Are these
• documented letter(s) of commitment from the private firm(s)?
This project will allow the retention of 10 existing employees. Also, 60
new jobs will be created with an additional construction impact of 58 jobs.
Yes, a jobs commitment letter from Round Rock Partners is attached.
If low /moderate income benefits were based on income /condition
eligibility, how was income eligibility or condition eligibility of
persons benefitting from the activity determined? Also, was it based
on HUD Section 8 Income Limits for your county or SMSA?
(For examples of income /condition eligibility for Economic
Development Projects: existing and /or proposed wage scales, the
company's hiring plan, etc., see Appendix IV.)
Income eligibility for persons to be hired was based on full time
employment times estimated hourly wage for job title. See Item 6, p. 27.
Will the local program guidelines for implementation of the requested
activity, if funded, include policies to ensure that only
income /condition (see Appendix II for definition) eligible persons
are the principal beneficiaries of the proposed activity? Yes
LW Prevents or eliminates slum and blight conditions.
Does the applicant have a local law /ordinance which defines slum
and blight conditions? v„ Date of passage? 10/1//82
Has the applicant shown the boundaries of the defined slum and
blighted areas on the attached map? Yes
What conditions have been identified as contributing to the slum
and blighted conditions?
Please see the above - mentioned resolution.
A:! Addresses other community development needs of a particular urgency.
Has the applicant supplied a letter from the Texas Department of
Health documenting the urgent need?
When was the condition identified or when was the condition
determined to be critical? Month? Year?
On what basis has the applicant determined that the need cannot
be addressed with local funds?
Which other potential funding sources have been contacted
concerning possible recaurces to resolve this problem? Wha' is
the status of each request?
-26-
-27-
RESOLUTION NO. Mp(//`„
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROUND
ROCK, TEXAS, MAKING FINDINGS THAT A GEOGRAPHICAL
AREA OF THE CITY OF ROUND ROCK IS A BLIGHTED OR
ECONOMICALLY DEPRESSED AREA FOR THE PURPOSE OF
FINANCING OF PROJECTS FOR COMMERCIAL USES UNDER THE
DEVELOPMENT CORPORATION ACT OF 1979 (ARTICLE
5190.6) AS AMENDED: SUCH GEOGRAPHICAL AREA DEFINED
IN EXHIBIT "A" AS A REINVESTMENT ZONE; REQUESTING
THE TEXAS INDUSTRIAL COMMISSION TO APPROVE COMMER-
CIAL PROJECTS WITHIN SUCH DEPRESSED AREAS;
DESCRIBING THE TYPE OF PROJECTS FOR COMMERCIAL USES
DESIRED AND AUTHORIZED BY THE CITY OF ROUND ROCK;
AND REPRESENTING THAT CITY COUNCIL WILL REVIEW ALL
PROJECT DESCRIPTIONS.
WHEREAS, the City Council of the City of Round Rock gave
due and proper notice of public hearing pursuant to Article
5190.6, as amended, Vernon's Civil Statutes (the "Act ") and
the Regulations (the "Regulations ") of the Texas Industrial
Commission, to be held on this date for the purpose of
designating certain areas of the City as a Reinvestment Zone
(the "Blighted Areas" or "Economically Depressed Areas ")
under and for the purposes of the Act and the Regulations; and
WHEREAS, the City Council has found that notice was
properly given and published as required by the Act and the
Regulations, that the public hearing was held on this date in
accordance with law, that the public was given the oppor-
tunity to be and was heard on the proposal submitted, and
that the City Council has given due and proper regard to the
testimony presented; and
WHEREAS, while considerable residential - related activi-
ties have been undertaken in the area during the past ten
years, few programs have been available to provide leverage
or incentive for commercial development. This is clearly not
in conformance with the City Council's long -range plan for
the area which indicates a balanced community with commer-
cial, retail, light industrial and residential elements; and
WHEREAS, the City Council has found and determined that
the City of Round Rock's economic base depends in substantial
, 2g
part on manufacturing and industrial activities, and commer-
cial and tourist activities, and that by virtue of the
conditions recited, th'e City of Round Rock is experiencing a
need for an increased tax base, increased commercial activi-
ties and a need for jobs of a character suitable for its
unemployed population, that the provisions of the Act and
Regulations will assist the City of Round Rock in achieving
these objectives in the Reinvestment Zone and the City as a
whole, and that the availability of financing of projects for
commercial uses under the Act and the Regulations will
contribute significantly to the alleviation of the blighted
conditions found to exist in the City of Round Rock;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF ROUND ROCK, TEXAS
(1) That the determinations and findings recited and
declared in the preambles to this Resolution are hereby
restated, repeated and incorporated herein as the current,
proper and lawful findings of the City Council;
(2) That the area within. the corporate limits of the
City of Round Rock is hereby designated as a Blighted Area
under and for the purposes of the Act and the Regulations;
(3) That the City Council request the Texas Industrial
Commission to approve commercial projects for financing under
the Act and the Regulations within the Blighted Areas of the
following types, to -wit:
(a) Major Office complexes.
(b) Commercial facilities.
(c) Convention and related facilities.
(d) Hotel /Motel and related facilities.
(e) Any other commercial activities contributing to
revitalization and providing services to
neighborhood residents located within and
adjacent to redevelopment areas.
(4) That the City Council of the City of Round Rock
represents that it will review all project descriptions for
approval of specific' projects for commercial uses and in
order to determine whether such projects are consistent with
the City's objectives for redevelopment and rehabilitation of
the Blighted Areas designated herein;
(5)• This Resolution shall take effect immediately from
and after its adoption.
RESOLVED this /4 day of
ATTEST:
J NNE LAND, C‘ Secretary
-29-
LARR
TONN, May .r
82
EXHIBIT A
ROUND ROCK
SCALE 1 "= O.7MILES
168
Will the local program guidelines for implementation of the requested
activity, if funded, include policies to ensure that only
income /condition (see Appendix II for definition) eligible persons
are the principal beneficiaries of the proposed activity? Yes
LW Prevents or eliminates slum and blight conditions.
Does the applicant have a local law /ordinance which defines slum
and blight conditions? Date of passage? ,n /li, /g,
Has the applicant shown the boundaries of the defined slum and
blighted areas on the attached map? Yes
What conditions have been identified as contributing to the slum
and blighted conditions?
Addresses other community development needs of a particular urgency.
Has the applicant supplied a letter from the Texas Department of
Health documenting the urgent need?
When was the condition identified or when was the condition
determined to be critical? Month? Year?
On what basis has the applicant determined that the need cannot
be addressed with local funds?
.Which other potential funding sources have been contacted
concerning possible resources to resolve this problem? What is
the status --of each request?
DESCRIPTION OF PROJECT ACTIVITIES
Round Rock Partners
1. Activity Title: 0f € € -I -i1_comp1 Activity Number: 00001
2. COBG funds requested for this activity: $500 000
3. Total number of jobs created and /or retained 70 (60 created /10 retained)
4a. Total number of new and /or retained jobs that will be provided to low and
moderate income individuals 70 '
4b. lotal percent of new and /or retained jobs that will be provided to low
and moderate income individuals 1007
5. Cost per job ._$5,928 ($485,000 loan amount i 70 jobs)
6. Ratio of private and /or public sector funds to CDBG
funds q 7.1 j 1,800,000:$485,000)
1. Detailed Activity Description (If necessary, include additional pages to
address items 7a, 7b, 7c, 7d, and 7e.)
Construction of an Office /Retail Complex in a downtown distressed area
8. Potential Environmental Problems
None
Attach One Form For Each Activity
(including privately financed activities)
State of Texas
City of Round Rock lexas Community Development Program
(Applicant)
ECONOMIC DEVELOPMLNI ALLUCA110N
Activity Description Form
1 9. Identify other funds that will be committed this activity during the
24 , grant ,period. F (See Part IV• Attachments and Appendix :V :for specific
requirements arrd of, commitment for economic. development
project.
A. Federal Amount Sourc
$ 69,300 JTP2� 40 slots)
B. State $ 485,000 State ED
C. Local $
D. Program Income this COBG Grant $ 15,000 State ED Administratic
E. Private $1,295,000 IRE - Private
F. Other $ 20,000 Equity
(See Appendices I1 & IV for definitions.)
(If TCOP funds are being loaned to for - profit firms, see Appendix VI.)
-
1
Page of 1
ECONOMIC DEVELOPMENT ALLOCATION
State of Texas
City of Round Rock Texas Community Development Program
(Applicant)
ECONOMIC DEVELOPMENT ALLOCATION
Employment Projections Form
1. Name, address and telephone number of the person responsible for tracking this
project (e.g., Private Industry Council, or other training and referral agency).
Mr. Jack Harske - City Manager
Mr. Sam Huey - Asst. City Manager
2. Name of firm Round Rock Partners
(Attach additional sheets if more than one firm is involved.)
3. Address 9417 Great Hills Trail 412026, Austin, Texas 78759
4. Telephone (512)346 -6129
5. Contact Person Mr Pail ern.* nr Mr Marty 4h P1rnn
6. Please describe the new positions this activity will create as a result of CDBG
assistance.
Job Title
C Construction Skilled
M of Jobs Projected Date
Skill Level Full Time Part Time Rate of Pay of Hire
A. Clerical Skilled -28 4 $5 /hr. August '86
B. Retail Asst.. Semi - skilled 22 5 $5 /hr. August '86
58 $4- 10 /hr. December '85
D. Maintenance Entry 2 8 $5 /hr. August '86
E.
c : 7.` of recruiting and hiring' the targeted income group Round Rock Partners
propose to include a clause in the tenant lease form that states the availability
of the jobs training program and recommend that tenants contact the local repre
SPntativP of the program for information Ms. Claudia Romeo of the Williamson Co.
'Community JTPA will rovide assistance in jobs training programs.
8. Method of meeting ot national objectives Revitalizing the downtwon area will
have a ripple effect on the entire blighted area. - In terms of rehabilitating the
the property owners upgrade to match the current market effect the construction jobs
will sustain for a period of years. With the upgraded properties there will be
increased demand for long -term jobs for new businesses in an area that had been
depressed.
MINORITY EMPLOYMENT /CONTRACTING
MANAGEMENT •
L MINORITY
NON - MINORITY
18
PROFESSIONAL
—6
23
fit
63
CLERICAL
TOTAL EMPLOYMENT
9
F. MINORITY EMPI.OYMENI
to receive points related to minority hiring efforts, each applicant must
complete the following table and Form EE0-4 even if the answer is "None."
Minority Employment
Place the number of current employees for each category in the
appropriate row and column. Minority employees are defined as Blacks,
Hispanics, Asians, Pacific Islanders, American Indians or Alaskan Natives.
Employees are defined as permanent employees who work an average of 20 hours
or more per week.
For determining the population base for minority employment, use
population figures for the applying jurisdiction.
LOCAL EMPLOYMENT
[OPULATION OF JURISDICTION 4,912 T
The EEO -4 Form is made a part of the FCDP application for the purposes of
determining the level of local effort in the employment of minorities by the
local government. It is also ranged by income to show if'there are
weaknesses in promotion and/or compensation policies. This form must be
completed by every applicant under the Economic Development Project Fund.
In order to provide for consistency among the applicants, the information
furnished here must have been applicable within twelve (12) months of the
application deadline. If the locality has furnished an updated copy of this
form to the federal Office of General Revenue Sharing within the last 12
months, this form may be provided to 10CA. If, however, this is not the
case, the locality must complete a new form reflecting current
municipal /county employment. A blank form is attached.
-34=
EQUAL EMPLOYMENT OPPORTUNITY COMMISSION
STATE AND LOCAL GOVERNMENT INFORMATION (EEO -4)
•
EXCLUDE SCHOOL SYSTEMS AND EDUCATIONAL INSTITUTIONS
APPROVED BE
oMs
'01°000'
MAIL COMPLETED
FORM TO.
Texas Department of Community Affairs
P.O. Box 13166, Capital Station •
Austin, TX 78711
A. TYPE OF GOVERNMENT (Check one box only)
DI. State ❑ 2. County ® 3. City ❑ X. Township ❑ 5. Special district
❑ 6. Other (Specify)
B. IDENTIFICATION
1. NAME OF POLITICAL JURISDICTION (If same as lobel, skie to Item C)
City of Round Rock
(FOC
USE
ONLY
A
2. Address • Number and Street
•
CITY /TOWN
Round Rock
COUNTY
Williamson
STATE /ZIP
Tx.
B
C. FUNCTION
(Check one box to Indicate the foncttonle) for which this form le being submitted. Date ahou d be reported for cog
deportmsnts and agencies In your government covered by the functlon(e) indicated. 11 you cannot supply the data for
every agency wttNn Ehs howdahs). please attach a fbt showing name and address of agencies whoa data are not Included.)
•
1. FINANCIAL ADMINISTRATION. T. asp.,Me, ros b1rulp and
ceeectbn.'bode.tklp. patched.. central occountIng and stmt.
fleant. admire.eratbe coaled en by • POotoPEO eudaar's Or
canprronees .hike and -
GENERAL CONTROL. • Wen ...ally pedorm.d by beards a l supra.
visors or commisdena.•cmlral odmimttraMo offices and aptncl0.. ,.
central persmnd it planning opsncles, WI pd,clel alike. ard,r ..
• adplo/en D.dp... meals, rme., babll.. etc) ••• ••
a, HbuTH. Proc.. el enAlk hod* woke*. asrideno0 Ord*,
*Ong rte..... (.e/ end Ronny knpesel.•a. mental MIA..k.b.l
rehash tkn ..e.k., sec
•
V. HOUSING. Cede •enlercem.na, low rent .public housing. fair
Musing ordinance_ enforcement: hoosIng ba.elderly.. hwtbp n.
Mblldotbn, rent cannel. —
sir.
1
]. STREETS AND NIDNWAYS: • MakNlanceureroolr, constr. ,,,
e d administration N%.veeec alley.. 'Ode.... toads. high : -r5 •
and Widnes.
- an
1O: CO...MUNITT - DEVELOPMENT. na,. Ia0 zoning land dewlap
,
men4 1p.n .pet.. bwplkatbru Pre.eraadah
S. PUNIC WELFARE. Meintelonce al hem.. and enter m.dNtbn.
ler the needy; administration of public au 1000i. (Ha.p.I.Ie end " "
sanatoriums should be reported es Item 7.)
II. CORRECTIONS. J., reformatories. detention ham.., h.lhwy
bout. prisons. parole and probation ettleMe..
12. UTILITIES AND TRANSPORTATION. Include. we r .0P1Y.
.(.an, power, eronW. pas. c.o.. water tron.0onehon and
terrnmal..
1. POLICE PROTECTION W11.s 01 o police deport.nent..0.41P.,
conoobIere. < office. • . Intl,dl se.Mkol and clock.;
employee. ..90(04 In poke eterlee..
IS SANITATION AND SEWAGE. Strew cl.enlnp. garbage and tehM
cdlecdon and dnpetal. Prayl.len. molders.. and eae•adm el
sanitary end storm sewer Systems and ...Re A.. dents
5. FIRE PROTECTION. Wide. of the uniformed Me 1,.,. end derkal
employee.. (R•port cony forest fir• pnatenion ec11.I0e. as Item e )
l.. EMPLOYMENT SECURITY
E. NATURAL RESOURCES. Aorscohere 'erector. fetes In. pro
..mien. knout.. drainage, Reed control. etc. end
PARKS AND RECREATION Prevision, maboone.e and ...on.
el parka, ployaroad., s.Amm.np pools, audlrorl.mn. muse...,
marina., toe, ac.
I S. OTHER Isp.ul..n Pep.,.,,) Economic Developmen
application to develop a revolving
loan fund. First recepient: Round
Rock Partners
•
1. HOSPITALS AND SANATORIUMS Ope•etion and maintenenc•
. InHda,an. for ...h.. male., core.
A)'YNNUIX IX
. FFOC PORM1 w. 0C1.e0
-35-
PAGE 1
D. EMPLOYMENT DATA AS OF JUNE 30
(Do not include elected /appointed officials. Blanks will be counted as zero)
1 FULL TIME EMPLOYEES (Temporary employees not included)
:^
m0
u
ANNUAL
SALARY
an Mouton&
000
MALE
FEMALE
TOTAL
NON•HISPANIC
ORIGIN
HISPANN
D
ASIAN
OR
PACIFIC
ISLANDER
E
AMERICAN
INDIAN
NON.HISPANIC
ORIGIN
HISPANIC
1
ASIAN
OR
PACIFIC
ISLANDER
J
AMERICAN
INDIAN
OR
ALASKAN
NATIVE
IC
/COLUMNS%
` B K )
A
WHILE
B
BLACK
C
OR
ALASKAN
NA1NE
F
WHILE
G
8LACR
H
3
c
u 1
=
o 0
<
,
1.5 01.5.9
7 6 0.9.9
3 10.0.12.9
4, 13.0.15.9
2
1
1
5 16.019.9
3
2
1
6 20.0.74.9
7
4
1
2
7. 25.0.32.9
4
3
1
B. 33.0 PLUS
4
4
SIVNOISS310bd
9, 0.1 5.9
10 6 0.9 9
11 10017.9
12 130159
13 160199
14. 200749
2
2
15, 250379
1
1
16. 330PLUS
1
1
SW1311 031
17 0159
18 6099
19 100179
20. 13 0.15 9
8
7
1
71. 160199
2
2
77 200249
1
1
23 25032.9
1
1
24. 330 PLUS
PROTECTIVE
SERVICE
25. 0 1.5 9
76 6099
27. 10 0.12 9
4
4
28. 130159
71
18
7 -
1
29. 160199
15
13-
1
1
30 , 20,021,9
7
6
1
31' 250329
32. 330 PLUS
PARA.
PROFESSIONALS
33 0 159
-
- -
34 6099
2
2
35 10 0179
1
1
36 130159
3
3
37 160199
39 200249
79. 75 0 37 9
40. 33 0 PLUS
OFFICE/
CLERICAL
41. 0159
42 6099
3
2
1
43. 10 0.17 9
20
18
7
14 130159
4
9
1
45. 160199
1
1
46. 70074 9
47 250379
18.5 330 PLUS
' FORM CODE NO:
floc Poem Ib. 061 b
-36-
D. EMPLOYMENT DATA AS OF JUNE 30 (Cont.)
(Do not include elected /appointed officials. Blanks will be counted as zero)
5. FULL TIME EMPLOYEES (Temporary employees not Included)
S3N16D31VJ
ROF
ANNUAL
SALARY
II. I9eu1on4
0001
TOTAL
C
(MUAW5)
1 8 K 1)
A
MALE
FEMALE
NON.HISPANIC
ORIGIN
HISPANK
D
AS
OR
PACIFIC
ISLANDER
E
AMERICAN
INDIAN
ALASKAN
NATIVE
F
NON - HISPANIC
ORIGIN
HISPANIC
1•
ASIAN
OR
PACIFIC
ISLANDER
J
AA1111(AN
INDIAN
ALASKAN
NAIVE
K
WHITE
8
BLACK
C
WHITE
G
BLACK
H
SKILLED CRAFT
A9. 0.1.5 9
50. 6.0.9.9
51 10.0.12.9
1
1
52. 13.0.15.9
4
2
2
53. 16.049.9
1
1
54 20.0.24.9
55 25.042.9
56. 33.0 PLUS
3DNYN3ININW
/3
57. 0.1.5.9
58. 6.0.9.9
93
19
4
5
9
59. 10.0 -12.9
99
19
4
6
60 13.0.15.9
7
6
1
61. 16.0.19.9
4
3
1
62. 20.0.24.9
63. 2S 0.37.9
64 E 330 PLUS
65. TOTAL FULL TIM
(LINES 1 -MI
181
2. OTHER THAN FULL TIME EMPLOYEES (Include temporary employees)
66. OFFICIALS / ADMIN.
67. PROFESSIONALS
66. TECHNICIANS
69. PROTECTIVE SERV.
70. PARAPROFESSIONAL
•
71. OFFICE / CLERICAL
4
1
2
I
1
72. SKILLED CRAFT
1
73. SERV. /MAINE.
29
13
2
-
13
1
74. TOTAL OTHER
THAN PULL
(LIH! 66-73)
.33
1
-
- 3. NEW HIRES DURING FISCAL YEAR - Permanent full time only
' JULY 1 • JUNE 30
75. OFFICIALS / ADMIN.
76. PROFESSIONALS
•
77. TECHNICIANS
78. PROTECTIVE SERV.
79. PARAPROFESSIONAL
80. OFFICE / CLERICAL
81. SKILLED CRAFT
82. SERV. / MAINT.
87. TOTAL NEW HIRES
(LINES 75.87)
E A.
FORM CODE NO:
-37-
rv4J
REMARKS (List National Crime Information Center (NCIC) numbers '
assigned to any Criminal Justice Agencies whose data
are included in this report )
* ** INCLUDE LIST OF AGENCIES IN THIS FUNCTION * **
•
CERTIFICATION. I certify that the information given in this report is correct and true to
the best of my knowledge and was reported in accordance with accompanying instruc-
tions. (Willfully false statements on this report are punishable by low, U.S. Code, Title 18,
Section 1001.)
NAME OF PERSON TO CONTACT REGARDING THIS FORM
Linda Gunther '
TITLE
Personnel /Payroll Clerk
ADDRESS (Number and Street, City, Stole, Zip Code)
•
City of Round Rock
214 E. Main St.
Round Rock, Tx 78664
TELEPHONE NUMBER
AREA CODE
512/255 -3612
DATE
TYPED NAME / TITLE OF AUTHORIZED OFFICIAL
Sam Huey, Finance Director
S NAT
. fail.' '
FORM CODE NO:
1100 FOWL I M, OCT, 60
-38-
PROJECT IMPLEMENTATION SCHEDULE
ACTIVITY
I
2
10
11
12
13
14
16
16
17
20
21
22
23
24
.. Environmental Review
!. Street improvements
A) Engineering Design/
plans and specification:
B) Hiring of temporary
force account crews
C) Construction
D) Final inspection
S. Commercial /retail dev.
A) Land /site preparatio
B) Arch. /engin. design/
plans and specific.
C) Execution of loan
loan contract
D) Finalization of privlte
financing
E) Private bid adver./
solicitation & award
F) Construction
G) Final inspection
. General administration
s c
n,
n,
n,
n,
;
s/
s/
s
s
1�
A
x x nl
x !1
•
x
x
6
x
x
K
x x h,
x
x
S
c'
s/c
x
et
x
eI
z 1
hl
k �I
x
M
A
hl
S
!N
S
o
-
i
I
TABLE l: PROJECT IMPLEMENTATION
s = start
c = complete
CONTRACT EXECUTION DATE
I November 15, 1985
CONTRACT ENDING DATE
November 15, 1986
ADMINISTRATIVE PLAN
N. ADMLNISTRAIIVL PLAN
APPLICATION PREPARAIION INFORMAIION --
Name of preparer: ML_aam Huey,_Asst__Cit1 Manager /Rosa Rios— Valdez, SBR
Address: 214 B. Main St. Coordinator, 472 - 5059
- Round— RoGk,- Tx-,__ 78664
Telephone:512 /255 -3612
PREVIOUS TDCA CONTRACI PERFORMANCE - -- Does the applicant have any unresolved
audit or compliance findings related Lo any project funded in whole or in part
by the Texas Department of Conenunity Affairs? Yes _ No
If yes, briefly describe the status of the finding in the space below.
CONTRACT MANAGEMENI INFORMATION -- To ensure sound program management,
provide the following staffing and audit information.
A. List the person(s) that will be responsible for general administration
of this project, if funded. If unknown, indicate whether you will be
hiring or contracting for this function. Indicate funds to be used for
this activity - -���
Local 1CDP
Unknown — it is anticipated that Mr. Huey's assistant will be designated this
responsibility.
D. Provide the name of the person who will be responsible for financial
management of the project (e.y. bookkeeping, paying bills), if known.
Mr. Sam Huey
Asst. City Manager
City of Round Rock
—40—
C. For public facilities activities, indicate whether you currently
employ an engineer or whether you are planning to contract for this
service.
N/A
D. What is the anticipated date for beginning construction of the
proposed activity? (List separate dates, if appropriate, if privately
financed construction and public facilities activities are included
in the same application)
E. List any other type(s) of professional services for which the local
government may contract related to the implementation of the proposed
project, including any loan servicing by private financial
institutions.
A. Legal for Land Swap $2,000 . .
B. Legal for Loan Document 1,000
C. Independent Audit ' 3,000
F. Will the public facilities activities be accomplished:
with force account labor?
by contract? N/A
combination of the above?
C. For privately financed activities, will the
construction /rehabilitation /installation be carried out using the
company's existing employees? Nn
Dy competitive bid? Yes _
H. What type of audit i• anticipated to close out the project, if funded?
Independent audit?
Municipal audit? _
December, 1985
Also, provide the following information related to the local
government's fiscal year.
Beginning date: October 1
Ending date:
September 30
�1-
.
STATE OF TEXAS ACTIVITY BUDGET SUMMARY
1. City of Round Rock - CDBG Program 2. Date Prepared: 9-10 -85
(Applicant)
3. For State Use Only
Grant Agreement Number
4•
ACTIVITY NAME AND NUMBER
a.
STATE
CDBG
b.
OTHER
FEDERAL
c.
OTHER
..STATE
d.
LOCAL
e PROGRAM
INCOME
THIS GRANT
f.PROGRAM
INCOME
CLOSED GRANT
g.
PRIVATE
h.
TOTAL
BUDGET
Administration
485,000
15,000
•
1,315,00C
•
1,800,000
15,000
5. TOTAL PROGRAM
a.
500,000'
b.
c.
d.
e.
f.
g.
1,315,000
h,
1,815,000
6. TOTAL PROJECTED QUARTERLY
EXPENDITURES (STATE CDBG ONLY)
lst.Qtr.
2nd Qtr
3rd Qtr.
4th Qtr.
1 ",350
5th Qtr.
1;350
6th Qtr.
.4;350
7th Qtr.
900
8th Qtr.
9th Qtr.
10th Qtr
489050'
]:,050•
1, 350
Note: Submit one form for entire application.
S Activity Budget and Schedule
STATE OF TEXAS 2. Activity Number: • 4. Date Prepared: 9/10/85
1.City of Round Rock CDBG PROGRAM 3. Activity Name:
5. For State Use Only
Grant Application Number
(Applicant)
6. BUDGET
Total
Budget
Personnel
Services
Sup
Materials
Services/
Utilities
d.
Contracts
e.
Travel
Capkal
Outlays
Ind#ect
Costs
(Loans)
185,000
State CDBG
Federal
Other State
Local
Program Income
(this grant)
Program
500,000
° "• .-
15,000
Income
(closed grant)
Private
TOTAL
,;
d
1,315,000
'
1 419
1,815,000
15,000 1,800,00C
MO
7. Projected Quarterly
Expenditures
(State CDBG Only)
1st Qtr.
2nd Qtr.
3rd Qtr.
4th Qtr.
5th Qtr.
6th Qtr.
7th Qtr.
8th Qtr.
9th Qtr.
10th Qtr
48,500
8. Milestones • --
1. Architectural /engineering
2. Site re ara
3. Construction tion
4. Construction complete /tenant fin.
12120195
) 1
I 1
9 120185
19120185
1 bn IA=
1 1
1 I
I I
I I
1
2
3
3
3 '
"
��
9. Employment Schedules
Tenants begin to recruit and "
hire
-- - / - - --
-- - / - - --
- -/
1t one form for each activity.
GENERAL ADMINISTRATIVE ACTIVITY
STATE OF TEXAS _
1 2. Date Prepared: 9 -10 -85
C ity of un„n Ro k CDBG Program
(Applicant)
3. For State Use Only
Grant Agreement Number
4. BUDGET
Total
Budget
Personnel
Services
Supplies/
Materials
Services/
Utilities
Contracts
Travel
Capital
Outlays
Indirect
Costs
Loans
a. State CDBG
b. Federal
c. Other State
d. Local
e. Progran Income
(this grant)
15,000
8,200
180
360
6,000
100
160
-
•
f. Prograin Income
(closed grant)
g. Private
h. TOTAL
15,000
8,200
180
360
6,000
100
160
5. Projected Quarterly
Expenditures
(Stale CDBG Only)
1st Qtr.
2nd Qtr.
3rd Qtr.
4th Qtr.
5th Qtr.
6th Qtr.
7th Qtr.
8th Qtr.
9th Qtr.
10th Qtr
4,350
1,350
1,350
. _.,
1,350
1,350
4,350
900
6. Milestones
a. Contract w /developer & City
drawn up
b. . Aucli La d t pur€ase is Jfinalized
c
12120185
1 I
1 1
J 1
J 1
3 130 187
5 120 187
1 1
I I
I I
.3 p
c
d. Contract close out
7. Audit expenses $ 3,000,000
d
ote: Submit one form for entir;a zpplication.
USES
1. Land
2. Construction
3. Machinery &
Ecuipient
4. Working
Capital
5. Developient
Costs
6. Or
Sul-Total
7. Program
Addnistration
Sib -Total
8. General
. . Administration
9. Planning '
Activities
- TOTAL
State
CMG
SOURCES AM USES CF Flnr�s
E
=45=
SOURCES
Private
Lender(s)
O ther
Total
PLEASE NOTE: All sources oust be doaaented by letter of commitment or interest.
Costs Already
Incurred
Costs to be
Incurred
Costs Already
' Incurred
Costs to be
Incurred
Costs Already
Incurred ed
Costs to be
Incurred
185,00C
185,000
485,000
20,000
1,110,000
1,615,0C
485,000
20,000
1,295,000
1,800,0C
15,000
15,0C
500,000
20,000
1,295,000
1,815,0C
500,000
' 20,000
1,295,000
1,815,00
USES
1. Land
2. Construction
3. Machinery &
Ecuipient
4. Working
Capital
5. Developient
Costs
6. Or
Sul-Total
7. Program
Addnistration
Sib -Total
8. General
. . Administration
9. Planning '
Activities
- TOTAL
State
CMG
SOURCES AM USES CF Flnr�s
E
=45=
SOURCES
Private
Lender(s)
O ther
Total
PLEASE NOTE: All sources oust be doaaented by letter of commitment or interest.
LOCAL RESOLUTION
WHEREAS, the State of Texas has funds avajlable for_Economic Development
projects; and --
WHEREAS, the Council desires to submit an application for a grant
for building improvements in the downtown area to the Texas Department of
Community Affairs'
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 an application to the Texas Depa of Community
Affairs __ for building improvements in the downtown area.
RESOLVED this 12th day of September, 1985.
EST:
iANNE LAND, City Secretary
RESOLUTION NO. [
-46-
MIKE ROBINSON, Mayor
City of Round Rock, Texas
CITY OF ROUND ROCK, TEXAS
CITY COUNCIL MEETING
THURSDAY, SEPTEMBER 12, 1985, 6:00 P.M.
CITY COUNCIL CHAMBER
216 EAST MAIN STREET
COUNCE MPMBERR
Mike Robinson, Mayor
Mike Heiligenstein, Mayor Pro-tem
Graham Howell
Pete Correa
Ronnie Jean
Charles Culpepper
Trudy L. Lee
AGENDA
1. CALL WORK SESSION TO ORDER - 6:00 P.M.
2. ROLL CALL
3. WORK SESSION:
A. Consider a report concerning the proposed 1984 -1985 budget amendments.
B. Consider discussion of a proposed drainage policy revision.
C. Council Comments.
D. City Manager's Report.
4. EXECUTIVE SESSION:
A. Executive Session as authorized by Article 6252 -17 Section 2, Subsection
(3), Vernon's Texas Civil Statutes - Discussion relating to pending
litigation, personnel matters and land acq
5. CALL REGULAR SESSION TO ORDER - 7:00 P.M.
6. ROLL CALL
7. APPROVAL OF MINUTES: Regular Meeting of August 22, 1985; Special Called
Meeting of August 30, 1985 and Special Called Meeting of September 5, 1985.
8. CITIZENS WM<KUNICATIONS:
A. Round Rock Community Hospital - Banner Request.
B. Heart of Round rock Merchants Association - Street Closing.
C. Round Rock Housing Authority - Annual Report.
9. BOND ORDERS:
A. Consider a resolution approving the prospectus and authorizing its
distribution for the sale of $12, 150,000 General Obligation Tax Bonds.
B. Consider a resolution authorizing the Mayor to enter into an agreement
with First City Bank of Austin as the Paying Agent /Registrar bank for
the above - mentioned General Obligation Bonds in the amount of
$12,150,000. •
C. Consider approving a letter allowing First Southwest Company to bid on
the upcoming bond sale of $12,150,000 in General Obligation Tax Bonds.
10. APPOINTMENTS:
A. Consider appointments to the Development Review Board.
11. PUBLIC HEARINGS:
A. Consider public testimony concerning the proposed 1985 -86 Budget.
B. Consider public testimony concerning the request to rezone the Ehling
Tract from R - (Low Density Residential) to C -1 (Commercial).
C. Consider public testimony concerning an Economic Development
Administration Grant Application.
12. RESOLUTIONS & PRCCLANArIONS:
A. Consider a proclamation proclaiming September 17, 1985 as the
International Day of Peace.
B. Consider bids and a resolution authorizing the Mayor to purchase a
standby generator for the new Police Station.
C. Consider bids and a resolution authorizing the Mayor to purchase an
Electronic Card Reader for the new Police Station.
D. Consider bids and a resolution authorizing the Mayor to purchase two
gasoline storage tanks and dispensers for the new Police Station.
E. Consider a resolution authorizing the submittal of an Economic
Development Administration Grant.
F. Consider bids and resolution authorizing the Mayor to enter into an
agreement with J. L. Myers Company for the Water Wells Project.
-47-
AGENDA
September 12, 1985
Page 2
13. DISBURSEMENTS:
A. Consider various payments to Haynie & Kal]inan, Inc.
B. Consider payment to Bay Maintenance Co., Inc. for the 1984 CIP Water and
Wastewater Improvements.
C. Consider payment to Bryan Construction Co., for the Regional Wastewater
Treatment Facility.
D. Consider payment to Bay Maintenance Co., Inc. for the Chandler Creek
Interceptor Phase Two.
E. Consider payment to Advance Tank - Texas, Inc. for the Vista Heights
Standpipe Northeast Round Rock Water System Improvements.
F. Consider payment to Austin Engineering Co., Inc., for the Downtown
Renovation and East Main Street Improvements.
G. Consider payment to Clearwater Constructors, Inc., for the Chisholm
Trail Street & Drainage Improvements.
H. Consider payment to Hilgers & Watkins for the City Hall Complex Project.
I. Consider payment to Martha Waitkas for the City Hall Complex Project.
J. Consider payment to Talon Roofing for the City Hall Annex Roof
Improvements.
K. Consider payment to Hayden Concrete for the curb and gutter project
behind City Hall.
L. Consider payment to Bel -tex Construction for the new Police Station.
M. Consider payment to William F. Guyton and Associates for water well
exploration work.
N. Consider payment to Espy Huston for easement work on the Brushy Creek
Interceptor Project.
O. Consider payment to Espy Huston for easement work on McNeil Road and
West Anderson Street.
P. Consider payment to Jalco Construction for the Chandler Creek
Interceptor Project.
Q. Consider payment to Austin Curb Inc., for various drainage projects.
14. ORDINANCES:
A. Consider an ordinance amending the Traffic Code. (Second Reading)
B. Consider an ordinance amending the Traffic Code. (Second Reading)
C. Consider an ordinance adopting the 1985 version of the Building Codes.
(Second Reading)
D. Consider an ordinance adopting the 1985 - 1986 Budget. (First Reading)
E. Consider an ordinance amending the 1984 - 1985 Budget. (First Reading)
F. Consider an ordinance amending the Zoning Ordinance by rezoning the
Ehling Tract from R -6 (Low Density Residential) to C -1 (Commercial).
(First Reading)
G. Consider an ordinance amending the Traffic Code for "No Thru Truck"
signs and 25 mph speed limit on Chisholm Trail. (First Reading)
H. Consider an ordinance suspending development activity in the South Round
Rock Roadway Study Area. (First Reading)
I. Consider an ordinance consenting to the sale of park property by the Old
Settler's Association to Trammel Crow. (First Reading)
15. OLD BUSINESS:
A. Status Report on Lake Creek Flood Control.
B. Consider accepance of subdivision inprovemetns in Greenslopes, Section
Ten.
16. NEW BUSINESS
17. ADJOURNMENT
CERTIFICATE
I certify that the above notice of regular City Council meeting was posted on the
bulletin board at the City Hall of the City Round Rock, Texas, on the 9th day of
September, 1985, at 5:00 P.M.
-48-
2 A 1 In n 1 r bnd _
LAND,City cretary
NOTICE OF PUBLIC HEARING
-- - t 4 ■ ',PUBLIC NOTICE
c TO THE CITIZENS OF ROUND ROCK:
Notice is hereby given that the Round
Rock City Council will hold public
hearings relative to an Economic
Development Grant for the Downtown
1 Building Project on Thursday.
f! September 5th. 1985 at 8 00 AM. and
1l, _
Thursday, September 1215,1985 817:00
P M. Citizens are encouraged 10 attend.
' POSTED this 30th day of August;
1985.
JOANNE LAND
City Secretary
Pub. Dates — September 2, 1985;
September 5, 1985; September 9,1985;
September 12, 1985.
-49-
PUB. DATES: September 2, 1985
September 5, 1985
September 9, 1985
September 12, 1985
PUBLIC NOTICE
TO THE CITIZENS OF ROUND ROCK:
Notice is hereby given that the Round Rock City Council will hold public
hearings relative to an Economic Development Grant for the Downtown Building
Project on Thursday, September 5th, 1985 at 8:00 A.M. and Thursday, September 12th,
1985 at 7:00 P.M. Citizens are encouraged to attend.
POSTED this 30th day of August, 1985.
-50-
JOANNE LAND, City Secretary
2. ROLL CALL
4. ADJOURNMENT
CITY OF ROUND ROCK, TEXAS
SPECIAL CALLED CITY COUNCIL MEETING
THURSDAY, SEPTEMBER 5, 1485, 8:00 A.M.
CITY COUNCIL CHAMBER
216 EAST MAIN STREET
COUNCILMEMBERS
Mike Robinson, Mayor
Mike Heiligenstein, Mayor Pro -tem
Graham Howell
Pete Correa
Ronnie Jean
Charles Culpepper
Trudy L. Lee
AGENDA ,
1. CALL SPECIAL CALLED MEETING TO ORDER - 8:00 A.M.
CERTIFICATE
3. PUBLIC HEARINGS:
A. Consider public testimony concerning a proposed Economic
Development Grant for the Downtown Building Project.
I certify that the above notice of Special Called City Council Meeting was
posted on the bulletin board at the City Hall of the City of Round Rock, Texas,
on the 30th day of August, 1985 at 5:00 P.M.
-
LAND, City Secretary
FAIR HOUSING ACTIVITIES
TEXAS,
ORDINANCE NO. 97,c
,c
AN ORDINANCE AMENDING CHAPTER 1, CODE OF ORDI-
NANCES, CITY OF ROUND ROCK TO ADD A NEW SECTION 31
TO PROHIBIT DISCRIMINATION IN HOUSING; DEFINING
CERTAIN TERMS; PROHIBITING DISCRIMINATION IN THE
SALE OR RENTAL OF HOUSING, PROHIBITING DISCRIM-
INATION IN THE FINANCING OF HOUSING; PROHIBITING
DISCRIMINATION IN THE PROVISION OF BROKERAGE
SERVICES; PROVIDING FOR EXEMPTIONS AND EXCLUSIONS;
PROVIDING FOR A FAIR HOUSING ADMINISTRATOR;
PROVIDING FOR THE RECEIPT AND INVESTIGATION OF
COMPLAINTS ALLEGING DISCRIMINATION IN HOUSING;
PROVIDING FOR COOPERATION WITH THE SECRETARY OF
HOUSING AND URBAN DEVELOPMENT; PROVIDING FOR EDUCA-
TION AND PUBLIC INFORMATION; PROVIDING A PENALTY;
AND PROVIDING A SEVERABILITY CLAUSE.
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF ROUND ROCK,
I.
That Chapter 1, Code of Ordinances, City of Round Rock,
Texas is hereby amended by adding Section 31, which shall
read as follows:
SECTION 31: FAIR HOUSING
A. Definitions. For the purposes of this section the
following terms, phrases, words and their derivations shall
have the meanings given herein. When not inconsistent with
the context, words and their derivations shall have the
meanings given herein. When not inconsistent with the
context, words so used in the present tense include the
future, words in the masculine gender include the feminine,
words in the plural number include the singular, - ;and words in
the singular include the plural.
(1) "Discriminatory housing practice" means an act that
is unlawful under paragraphs B., C., or D. of this Section.
(2) "Dwelling" means any building, structure or portion
thereof which is occupied as, or designed and intended for
occupancy as a residence by one or more families or any
vacant land which is offered for sale or lease for the
construction or location thereon of any such building,
;.structure or portion thereof.
-52-
(3) "Family" includes a single individual.
(4) "Person" includes one or more individuals, corpora-
tions, partnerships, associations, labor organizations, legal
representatives, mutual companies, joint stock companies,
trusts, unincorporated organizations, trustees, fiduciaries,
and any other organization or entity of whatever character.
(5) "To rent" includes to lease, to sublease, to let,
and otherwise to grant for a consideration the right to
occupy premises not owned by the occupant.
B. Discrimination in the Sale or Rental of Housing.
(1) Except as exempted by Paragraph E., it shall be
unlawful for any person to:
(a) Refuse to sell or rent, after the making of a bona
fide offer, or to refuse to negotiate for the sale or rental
of, or otherwise make unavailable or deny, a dwelling to any
person because of race, color, sex, religion, or national
origin;
(b) Discriminate against any person in the terms,
conditions, or privileges of sale or rental of a dwelling, or
in the provision of services or facilities in connection
therewith, because of race, color, sex, religion or national
origin;
(c) Make, print, publish, or cause to be made, printed
or published any notice, statement or advertisement regarding
the sale or rental of a dwelling that indicates any prefer-
ence, limitation or discrimination based on race, color, sex,
religion or national origin, or an intention to make any such
preference, limitation or discrimination;
(d) Represent to any person because of race, color, sex,
religion or national origin that any dwelling is not avail-
able for inspection, sale or rental when such dwelling is in
fact so available;
r `r
(e) For profit or with the hope or expectation of
profit, induce or attempt to induce any person to sell or
rent any dwelling by representations regarding the entry or
prospective entry into the neighborhood of any person or
persons of a particular race, color, 'sex, religion or
national origin.
(f) For profit or with the hope or expectation of profit
to influence or attempt to influence, by any words, acts, or
failure to act, any seller, purchase, landlord or tenant of ' a
dwelling so as to promote the maintenance of racially
segregated housing or so as to retard, obstruct, or
discourage racially integrated housing.
C. Discrimination in the Financing of Housing.
It shall be unlawful for any bank, savings and loan
association, insurance company or other corporation, associa-
tion, firm or enterprise whose business consists in whole or
in part of the making of commercial or residential real
estate loans, to deny a loan or other financial assistance to
a person applying therefor for the purpose of purchasing,
construction, improving, repairing or maintaining a dwelling;
or to discriminate against any such person the fixing of the
amount, interest rate, brokerage points, duration, or the
terms or conditions of such loan or other financial assis-
tance, because of the race, color, sex, religion or national
origin of the present or prospective owners, lessees,
tenants, or occupants of the dwelling or dwellings for which
such loan or other financial assistance is to be made or
given.
D. Discrimination in the Provision of Brokerage Services.
It shall be unlawful for any person to deny access to or
membership or participation in any multiple listing service,
real estate brokers' organization or other service, organiza-
tion or facility relating to the business of selling or
renting dwellings, or to discriminate in the terms or condi-
tions of such access, membership or particular on account of
race, color, sex, religion or national origin.
E. Exemptions and Exclusions.
(1) There shall be exempted from. the application of
Paragraphs B., C., and D. hereof all transactions involving:
(a) The rental of units in dwellings containing living
quarters occupied or intended to be occupied by no more than
four families living independently of each other if the owner
actually maintains and occupies one of such units as his
residence;
(b) The rental of a single room in a dwelling containing
living quarters occupied or intended to be occupied by no
more than one family if the person offering such room for
rental actually maintains and occupies the remainder of such
dwelling as his residence and not more than four such rooms
are offered.
(c) The sale or rental of any single house by a private
individual who owns such house, provided that:
i. The sale or rental is made without the use in
any manner of the sales or rental facilities
or the sales or rental services of any real
estate broker, agent or salesman, or of such
facilities or services of any person in the
business of selling or renting dwellings or of
any employee or agent of any such._ broker,
agent, salesman or person;
ii. The sale is made without the publication,
posting, or mailing of any advertisement or
written notice in violation of Paragraph
B.(1)(c) of this Section (this shall not
prohibit the use of attorneys, escrow agents,
abstractors, title companies, or other such
professional assistance as necessary to
perfect or transfer of title); and
iii. The owner does not own more than three single
family houses at the time of the sale, or
iv. The owner does not own any interest in, nor is
there owned or reserved on his behalf, under
any express or voluntary agreement, title to
or any right to all or any portion of the
proceeds from the sale or rental of more than
three such single family houses at one time.
v. If the owner does not reside in the house at
the time of sale or was not the most recent
resident of such house prior to the sale, the
exemption granted by this sub - section shall
apply only with respect to one such sale
within any twenty -four month period.
(2) Nothing in this Section shall prohibit a religious
organization, association, or society or any non - profit
institution or organization operated, supervised, or
controlled by or in conjunction with a religious association,
or society from limiting the sale, rental or occupancy of
dwellings which it owns or operates for other than a commer-
cial purpose to persons of the same religion, or from giving
preference to such persons, unless membership in such
religion is restricted on account of race, color, sex, or
national origin.
(3) Nothing in this Section shall bar any person from
owning and operating a housing accomodation in which a room
or rooms are leased, subleased or rented only to persons of
the same sex, when such housing accomodation contains common
lavatory, kitchen or similar facilities available for the use
of all persons occupying such housing accomodation.
F. Fair Housing Administrator.
The City Manager shall appoint a Fair Housing Admin-
istrator (hereinafter referred to as "Administrator "), who
shall have the responsibility for implementing this ordi-
nance. The Administrator may delegate his authority to other
city employees under his direction.
G. Complaints.
(1) Only the person who claims to have been injured by a
discriminatory housing practice or who believes he will be
irrevocably injured by a discriminatory housing practice that
has occurred or is occurring (hereafter referred to as
"person aggrieved ") may file a complaint with the Adminis-
trator. Such complaints shall be in writing and shall
identify the person alleged to have committed or alleged to
be committing a discriminatory housing practice and shall
state the facts upon which the allegations of a discrimina-
tory housing practice are based. The Administrator shall
prepare complaint forms and furnish them to any person, upon
request.
(2) If at any time the Administrator shall receive or
discover credible evidence and shall have probable cause to
believe that any person or persons have committed or are
committing a discriminatory housing practice as to which no
complaint has been filed, the Administrator may prepare and
file a complaint upon his own motion and in his own name and
such complaint shall thereafter be treated in the same manner
as a complaint filed by a person aggrieved.
(3) The Administrator shall receive and accept notifica-
tion and referral complaints from the U.S. Attorney General
and the Secretary of Housing and Urban Development pursuant
to the provisions of Title VIII, Fair Housing Act of 1968,
Public Law 90 -284, and shall treat such complaints hereunder
in the same manner as complaints filed pursuant to paragraph
(1) of this Paragraph G.
(4) All complaints shall be filed within 60 days
following the occurrence of an alleged discriminatory housing
practice. Upon the filing or referral of any complaint, the
Administrator shall provide notice of the complaint by
furnishing a copy of such complaint to the person or persons
named therein who allegedly committed or were threatening to
commit an alleged discriminatory housing practice. The
accused may file an answer to the complaint within fifteen
(15) days of receipt of the written complaint.
(5) All complaints and answers shall be subscribed and
sworn to before an officer authorized to administer oaths.
H. Investigation.
(1) Upon the filing or referral of a complaint as
provided above, the Administrator shall cause to be made a
prompt and full investigation of the matter stated in the
complaint.
(2) During or after the investigation, but subsequent to
the mailing of the notice of complaint, The Administrator
shall, if it appears that a discriminatory housing practice
has occurred or is threatening to occur, attempt by informal
endeavors to effect conciliation, including voluntary discon-
tinuance of the discriminatory housing practice and adequate
assurance of future voluntary compliance with the provisions
of this Section.
(3) Upon completion of the investigation and informal en-
deavors at conciliation by the Administrator, but within
thirty (30) days of the filing of the complaint with the
Administrator, if the efforts of the Administrator to secure
voluntary compliance have been unsuccessful, and if the
Administrator has made a determination that a discriminatory
housing practice has in fact occurred, the Administrator
shall recommend to the City Attorney that such violation be
prosecuted in the Municipal Court of the City of Round Rock.
With such recommendation, the Administrator shall refer his
entire file to the City Attorney. The City Attorney shall,
within thirty (30) days after such referral make a deter-
mination as to whether to proceed with prosecution of such
complaint in Municipal Court.
I. Cumulative Legal Effect.
This ordinance is cumulative in its legal effect and is
not in lieu of any and all other legal remedies which the
person aggrieved may pursue.
J. Unlawful Intimidation.
It shall be unlawful for any person to harass, threaten,
harm, damage or otherwise penalize any individual, group or
business because he or they have complied with the provisions
of this Section, because he or they have exercised his or
their rights under this Section, or enjoyed the benefits of
this Section, or because he or they have made a charge,
testified or assisted in any manner in any investigation, or
in any proceeding hereunder or have made any report to the
Administrator.
K. Cooperation with Secretary of Housing and Urban
Development.
The Administrator and the City Attorney are authorized
to cooperate with the Secretary for Housing and Urban Develop-
ment and the U.S. Attorney General pursuant to the provisions
of the Title VIII, Fair Housing Act of 1968, Public Law
90 -284, and may render such service to the Secretary as they
shall deem appropriate to further the policies of the Section.
L. Education and Public Information.
In order to further the objectives of this ordinance,
the Administrator may conduct educational and public informa-
tion programs.
M. Penalty.
Any person, firm, or corporation violating any provision
of this ordinance shall be guilty of a misdemeanor, and upon
conviction, shall be fined a sum not to exceed Two Hundred
Dollars ($200.00) for each violation. Each day a violation
continues after passage of seventy -five days from date -of the
filing of the initial complaint with the Administrator shall
constitute a separate and distinct offense.
Any person, firm, or corporation violating any provision
of this Section may be enjoined by a suit filed by the City
in a court of competent jurisdiction, and this remedy is in
addition to any other penalty provision.
II.
A. If any provision, section, sub - section, sentence,
clause or phrase of this ordinance, or the application of
same to any person or set of circumstances is for any reason
held to be unconstitutional, void or invalid (or for any
reason unenforceable), the validity of the remaining portions
of this ordinance or their application to other persons or
sets of circumstances shall not be affected thereby, it being
the intent of the City Council of the City of Round Rock in
adopting and of the Mayor in approving this ordinance, that
no portion hereof or provision or regulation contained herein
shall become inoperative or fail by reason of any unconstitu-
tionality or invalidity of any other portion, provision or
regulation, and to this end all provisions of this ordinance
are declared to be severable.
B. All ordinances, parts of ordinances, or resolutions
in conflict herewith are expressly repealed.
(Mark through the following alternative that is not appli-
cable)
Alternative 1.
By motion duly made, seconded and passed with an affirma-
tive vote of all the Council members present, the requirement
for reading this ordinance on two separate days was dispensed
with.
READ, PASSED, and ADOPTED on first reading this
day of , 19
Alternative 2.
TN
READ and APPROVED on first reading this the day
of Oct., , 19402.
READ, APPROVED and ADOPTED on second reading this
the c(d rN day of Oct , 19
ATTEST:
L' L. TONN, Mayor
City of Round Rock, Texas
LETTER OF JOB COMMITMENT
Appendix IV
Attachment to Letter of Job Commitments
State of Texas
City of Round Rock Texas Community Development Program
(Applicant)
Please attach this information to letter of job commitments.
1. Total numbers of jobs. 70
2. Number of jobs at or below the low and moderate income difinitions.
(See Attached HUD Section 8 income limits for your county)
70
3. Number of jobs above pay scale to be committed to low /moderate
income persons. ' _ 60
4. Method used to arrive at number of jobs committed.
The development firm will require tenants to submit hiring plans that
reflect annual wages.
5. Mechanisms the applicant will use to assure the commitment is fulfilled.
The City will request quarterly reports from the developer that reflect
the tenant workforce and jobs created /retained.
Signature of tuthc.ized Off1Cia
-61-
RAWLEIGH S. ELLIOT
Executive Director
Marty Shelton
Round Rock Partners
9417 Great Hills Trail #2026
Austin, Texas 78759
Dear Mr. Shelton:
EMPLOYMENT RESOURCES
"Bringing People and Jobs Together"
P.O. Box 740
Georgetown, TX 78627
512/863 -6561
September 11, 1985
CLAUDIA A. ROMERO
eropnm Mecior
Employment Resources, acting on behalf of the Rural Capital Area Private
Industry Council, wishes to express our support of your proposed project in
downtown Round Rock. Job Training Partnership Act services are provided by
this organization in Williamson County,
Employment Resources has funds available to contract with businesses that
would occupy the proposed building(s). We would anticipate contracting for
On- The -Job Training (OJT) in a minimum of 10% of the 60 projected entry level
clerical and retail positions. In addition to jobs available at completion
of the project, Employment Resources will set aside training funds for use
during the construction phase to provide OJT for a minimum of 10% of those
entry level workers needed.
It is our understanding that Round Rock Partners is making a full commitment
to make potential business and retail tenants aware of the services provided
through the Job Training Partnership Act, and to encourage these tenants to
avail themselves of JTPA On -The -Job Training benefits.
Employment Resources will provide information regarding JTPA services to
potential tenants as may be needed to enable full occupancy of the building(s).
Such services include substantial employer tax credits and savings on
training new employees, as well as listing, advertising and screening all
applicants for job openings of new business establishments.
We are pleased that your organization is cognizant of the benefits of JTPA
and that you are seeking these services in order to fully serve the Round
Rock community, employers and potential employees.
I encourage the funding of this project on behalf of our JTPA clients, employers
and residents of Williamson County.
Sincerely,
Egn
Claudia Romero
Program Director
�--- A SERVICE OF WILLIAMSON- BURNET COUNTY OPPORTUNITIES, INC.
-62-
LETTER OF FINANCIAL COMMITMENT
5:i MBankCapital Markets
A Una of MBank Dallas
Joseph R. Herrera, III
Banking Officer
Public Finance
August 22, 1985
Mr. Paul R. Cronk
President
Albion Property Corporation
1860 Blake Street, Suite 500
Denver, Colorado 80202
RE:
Dear Mr. Cronk:
THE ROUND ROCK INDUSTRIAL DEVELOPMENT CORPORATION
$6,500,000 (EST.)
ROUND ROCK CITY HALL COMPLEX
ROUND ROCK PARTNERS PROJECT
In connection with the above referenced bond issue, please be advised
that MCORP, through either MBank Capital Markets, a unit of MBank
Dallas, N.A. or MBank Austin, N.A., will perform the 'following
professional services for the Round Rock Partners Project:
1. We will direct and coordinate through MBank Capital Markets, the
entire program of financing in preparation of the issuance and sale of
the above mentioned securities through a private placement of the
securities with institutional and sophisticated /accredited investors
with proceeds from the sale of bonds to fund the Round Rock City Hall
Complex or;
2. We will direct and coordinate the entire program of financing in
preparation of a direct purchase of the above mentioned securities to
be held within the investment portfolio of MBank Austin, N.A. or any
other designated bank within the MCORP holding corporation.
Please be advised the final terms and conditions of the above
referenced issue are yet to be determined and will be subject to proper
legal documentation and credit approval.
Ri
e
.114/1r
tf ly submitted,
Herrera III
cc: Mr. Marty Shelton
Albion Property Corporation
P.O.Box 200267
9417 Great Hills Trails # 2026
Austin, Texas 78759
MBank Capital Markets
P 0 Box 225415, Dallas, Texas 75265 214 698 6000
—63—
RESOLUTION CONCERNING ISSUANCE OF BONDS TO
FINANCE A PROJECT FOR ROUND ROCK PARTNERS
WHEREAS, the City of Round Rock, Texas (the "Unit "), has,
pursuant to the Development Corporation Act of 1979, Article
5190.6, Vernon's Texas Civil Statutes, as amended (the "Act "),
approved and created the Round Rock Industrial Development
Corporation, a non - profit corporation (the "Issuer "); and
WHEREAS, the Issuer, on behalf of the Unit is empowered to
finance the cost of projects to promote and develop commercial,
industrial and manufacturing enterprises to promote and
encourage employment, the public health and the public welfare
by the issue of obligations of the Issuer, which projects will
be inside the Unit's boundaries; and
WHEREAS, Round Rock Partners, a Texas partnership (the
"User ") has filed an application, dated June , 1985, which
is incorporated herein by reference for all purposes (the
"Application "), requesting that the Issuer finance a project
described in the Application (the "Project "), within the
boundaries of the Unit, and, further, that the Issuer adopt
this Resolution with respect to the acquisition, construction,
and installation of the Project; and
WHEREAS, on June 10, 1982, the City Council of the Unit
passed, approved and adopted that certain "Resolution of the
-64-
City Council Designating One or More Eligible Blighted Areas;
Making the Findings Required by the Rules of the Texas
Industrial Commission; and Containing Other Matter Relating to
the Subject" (the "EBA Resolution "); and
. WHEREAS, the Project is located within a blighted area as
designated by the EBA JResolution and will assist in
alleviation of the blighted condition; and
WHEREAS, the User has advised the Issuer that a
contributing factor which would further induce the Issuer to
proceed with providing for the acquisition and construction of
the Project would be a commitment and agreement by the Issuer
to issue industrial development revenue bonds pursuant to the
Act (the "Bonds ") to finance and pay for the Project; and
WHEREAS, in view of rising construction costs and the
necessity of compliance with administrative regulations, it is
considered essential that construction of the Project be
completed at the earliest practicable date but, at the same
time, the User wishes to begin construction of the Project
after satisfactory assurances from the Issuer that the proceeds
of the sale of the Bonds, or other obligations, of the Issuer
in an amount necessary to pay the costs of the Project will be
made available to finance the Project; and
WHEREAS, the Issuer finds, intends, and declares that this
Resolution shall constitute its official binding commitment,
subject to the terms hereof, to issue Bonds, or other
obligations, pursuant to the Act in an amount prescribed by the
User now contemplated to be $10,000,000 and to expend the
proceeds thereof to acquire, construct, and install the Project
and to pay all expenses and costs of the Issuer in connection
with the issuance of the Bonds; and
WHEREAS, the Issuer finds, considers, and declares that the
issuance and sale of the Bonds in the amount and for the
purpose hereinabove set forth will be appropriate and
•consistent with the objectives of the Act, and that the
adoption of this Resolution is and constitutes and is intended
as (i) an inducement to the Issuer to proceed with providing
for the acquisition and construction of the Project and (ii)
the taking of affirmative official action by the Issuer, acting
by and through its Board of Directors, towards the issuance of
the Bonds within the meaning of federal income tax law with
respect to interest on the Bonds to finance certain facilities
to be financed by the issuance of exempt small issue bonds or
exempt facilities, including`Treas. Regs. §1.103- 8(a)(5) and
§1.103 -10.
THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE
ROUND ROCK INDUSTRIAL DEVELOPMENT CORPORATION THAT:
Section 1. Subject to the terms hereof, the Issuer agrees
that it will:
(a) Issue the Bonds, and if the User and the Issuer
agree, other evidences of indebtedness providing temporary
financing of the project which will be issued after the date
hereof and be refunded by the Bonds pursuant to the Act, or any
other Texas legislation•heretofore or hereafter enacted which
may provide a suitable method of financing in addition to or in
substitution for the Act.
(b) Cooperate with the User with respect to the
issuance of the Bonds, and, if arrangements therefore
satisfactory to the User and the Issuer can be made, the Issuer
will take such action and authorize the execution of such
documents and will take such further action as may be necessary
or advisable for the authorization, execution, and delivery of
any contracts or agreements deemed necessary or desirable by
the User or the Issuer in connection with the issuance of the
Bonds (collectively, the "Contracts "), providing among other
things for payment of the principal of, interest on, redemption
premiums, paying agents' charges, and Trustee's fees, if any,
on the Bonds; payment of fees and charges of the Issuer and the
Unit; acquisition, construction, and improvements of the
Project; payment of fines and penalties; and use, operation,.
and maintenance of the Project(and the execution of any
appropriate and necessary guaranty agreements), all as shall be
authorized, required, or permitted by law and as shall be
authorized, required, or permitted by law and as shall be
mutually satisfactory to the Issuer, the Unit, and the User.
(c) If the proceeds from the sale of the Bonds are
insufficient, take such actions and execute such documents as
may be necessary to permit the issuance from time to time in
the future of additional bonds on agreed terms which shall be
set forth therein, whether on a parity with other series of
bonds or otherwise, for the purpose of paying the costs of
completing the acquisition, construction, and installation of
the Project, as requested by the User and within then
applicable limitations.
(d) Take or cause to be taken such other actions as
may be required to implement the aforesaid undertakings or as
it may deem appropriate in pursuance thereof.
The Bonds shall specifically provide that neither the
credit nor the taxing power of the State,of Texas, the Unit,
nor any political subdivision or agency of the State of JTexas
or the Unit is pledged to the payment of the principal of,
premium, if any, or interest on the Bonds.
Section 2. It is understood by the Issuer and the Unit,
and the User has represented to the Issuer, that in
consideration of this Resolution and by filing the Application,
and subject to the terms and conditions hereof, the User has•
agreed that:
(a) Prior to or contemporaneously with the sale of
the Bonds in one or more series or issues from time to time as
the Issuer and the User shall hereafter agree to in writing,
the User will enter into the Contracts with the Issuer under
the terms of which the User will obligate itself to pay to the
Issuer (or to a Trustee, as the case may be) sums sufficient in
the aggregate to pay the principal of, interest on, redemptiun
premiums, paying agents' fees, and Trustee's fees, if any, on
-5-
the Bonds, as and when the same become due and payable, with
such contract to contain the provisions described in Section I
hereof and such other provisions as may be required or
permitted by law and to be mutually acceptable to the Issuer
and the User.
(b) The User will (1) pay all Project costs which are
not or cannot be paid or reimbursed from the proceeds of the
Bonds issued to provide funds to finance the Project; and (2)
at all times, indemnify and hold harmless the Issuer and the
Unit against all losses, costs, damages, expenses, and
liabilities of whatever nature (including but not limited to
attorneys' fees, litigation and court costs, amounts paid in
settlement, and amounts paid to discharge judgments) directly
or indirectly resulting from, arising out of or related to the
Application, this Resolution, the Project, or the issuance,
offering, sale, or delivery of the Bonds or other evidence of
indebtedness issued to provide funds to finance the Project, or
the design, construction, installation, operation, use,
occupancy, maintenance, or ownership of the Project.
Section 3. It is understood by the Issuer that all
commitments of the Issuer and the User with respect to the
Project and the Bonds are subject to the condition that the
Bonds shall have been issued no later than two years from the
date of adoption hereof, or such other date as shall I'u
mutually satisfactory to the Issuer and the User.
Section 4. It is recognized and agreed by the Issuer that
the User may exercise its rights and perform its obligations
with respect to the financing of the Project either through (i)
itself in its own name; (ii) any of its wholly owned
subsidiaries; '(iii) any "related person" as defined in Section
103(b)(6)(C) of the Internal Revenue Code of 1954, as amended;
or (iv) any legal successor thereof, respectively, subject to
approval of the Issuer's bond counsel and, provided that
suitable guaranties necessary or convenient for the
marketability of Bonds shall be furnished, if required by the
Issuer, and all references to the User shall be deemed to
include the User acting directly through itself or any such
approved entities.
Section 5. The adoption of this Resolution, as requested
in the Application, shall be deemed to constitute the
acceptance of the User's proposal that it be further induced to
proceed with providing the Project and the Application and this
Resolution shall constitute an agreement between the Issuer and
the User effective on the date of this Resolution is adopted,
and this Resolution is affirmative of official action taken by
the Issuer towards the issuance of the Bonds.
PASSED AND APPROVED this 3rd day of July, 1985.
ROUND ROCK INDUSTRIAL DEVELOPMENT
CORPORATION
By:
ATTEST:
0929P
FINANCIAL INFORMATION
1. Gross Rents
2. Less: Vacancy 5%
3. Add: Misc Income
(parking)
4. Gross Operating
Income
Notes:
ROUND ROCK PARTNERS
Office /Retail Complex
Projected Cash Flow
w/o
State ED 1st Year 2nd Year Ord Year
252,720 252,720 252,720 252,720
<12,636> <12,636> <12,636> <12,636>
3.600 3.600 3.600 3.600
243,684 243,684 243,684 243,684
5. Less: Expenses <63,180> <63,180> <63,180> <63,180>
6. Net Operating Income 180,504 180,504 180,504 180,504
7. Less: Debt Service <175.206> <159.549> <159.549> <159.549>
Net Cash Return 5,298 20,955 20,955 20,955
Rate of Return based on 10% capitalization income stream:
Without State ED
5,298 @10% = 52,980 - 1,800,000 = 2.2% ROI
With State ED
20,955 @10% = 209,550 - 1,800,000 = 11.6% ROI
The State ED affords the developer a much better ROI. Without the
Slate ED the project does not provide the developer the incentive to
proceed with the project.
1. Rents for years 1 through 3 remain the same as tenants will sign 3
year leases.
-71-
Cash and Certificates of Deposit
Notes and Other Receivables (Note 1)
CHARLES SCHREINER NELSON
FINANCIAL STATEMENT
December 31, 1984
ASSETS
Investments:
Marketable Securities (Note 2) 2,817,215
Securities Partnership, Market Value 1,140,909
Other Securities (Note 3) 6,464,662
Real Estate and Ranches (Note 4) 32,488,700
Real Estate Partnerships (Note 5) 22,070,500
Other Partnerships (Note 6) 2,466,000
Royalty and Working Interests (Note 7) 1,236,599
Other 559,785
Automobiles, Furniture and Equipment 632,670
Prepaid Expenses 1,059,701
Future Interest (Note 7) 18,688,000
Residence and Improvements (Estimated
Current Value) 1,500,000
Personal Assets 378,67q
Total Assets X93.365.414
LIABILITIES AND NET WORTH
Margin Accounts and Other Liabilities $ 1,273,716
Notes Payable (Note 8) 30,827,526
Estimated income taxes on the differences
between the estimated current value of
assets and the estimated current amounts
of liabilities and their tax bases
(Note 9)
$ 225,686
1,636,308
12,717,515
Commitments and Contingencies (Note 10)
Total Liabilities 44,818,757
NET WORTH 48,546
Total Liabilities and Net Worth S9i.365.1114
( •
Witness.
"�
Charles Schreiner Nelson
CHARLES SCHREINER NELSON
FINANCIAL STATEMENT
December 31, 1984
_72_
CHARLES SCHREINER NELSON
FINANCIAL STATEMENT
December 31, 1984
NOTE 1 - NOTES AND OTHER RECEIVABLES
Scobey Moving & Storage, Inc. $ 400,000
NAFP, Inc. 110,000
Exxcel Corporation 50,000
Pletz & Associates 569,025
306/35 Joint Venture 306,327
Other 200,956
$ 1,616,108
NOTE 2 - MARKETABLE SECURITIES AT MARKET VALUE
American General Corp. - 5,000 Shs $ 261,250
Arvin Industries - 6,600 Shs 129,525
Cullen Frost - 18,120 Shs 443,940
Diamond Shamrock - 10,000 Shs 177,500
Farm & Home Savings - 25,000 Shs 640,625
First City Bancorp - 10,000 Shs 146,250
Mobil Corp. - 7,500 Shs 204,375
San Juan Basin Royalty Trust - 5,000
Shs 228,750
Southwest Airlines - 5,000 Shs 110,000
Southwest Forest - 50,000 Shs 56,000
Transco Exploration - 5,000 Shs 111,875
Other 307,125
NOTE 3 - OTHER SECURITIES
Scobey Moving & Storage, Inc.,
estimated value
Lockwood National Bank, cost
Other
$ 2,817,215
$ 6,260,800
100,000
103.862
$ 6,464,662
CHARLES SCHREINER NELSON
FINANCIAL STATEMENT
December 31, 1984
NOTE 4 - REAL ESTATE AND RANCHES
Blake Street Terrace, office building,
Denver, Colorado, cost $16,000,000
11 Acres, Selma, Texas, appraised
value 850,000
Divot, Texas Farm, 318 Acres, estimated
value 379,200
Farmland, Clark County, Kentucky, es-
timated value 101,100
Farmland, Harlon County, Kentucky, in-
come value (three times annual income) 183,000
Land, East Baton Rouge Parish, Louisiana,
estimated value 300,000
Land and warehouse, San Antonio, Texas,
(33.3% undivided interest) contract
value 218,300
Land and warehouse, Austin, Texas, con-
tract value 2,250,000
Little Paint Creek Ranch, 10,726 Acres,
Junction, Texas, appraised value 9,125,000
Oso Pardo Ranch, Colorado (10 %), estimated
value 367,000
Quail Crossing Farm, 971 Acres, Hondo,
Texas, estimated value 1,500,000
Two Resort lots, Austin, Texas, cost 200,000
18.75% undivided interest in 216.5 Acres,
San Marcos, Texas, appraised value 915,000
12.5% undivided interest in 200 Acres,
Wimberly, Texas, appraised value 100,000
Other 100
NOTE 5 - REAL ESTATE PARTNERSHIPS
Colonial Terrace Apartments (50 %),
Princeton, Texas, estimated value
Dabney Joint Ventures (appraised values,
unless under contract as indicated):
No. XI (50 %) - 92 Acres, Grand Prairie,
Texas
$32,488,700
$ 150,000
2,905,000
CHARLES SCHREINER NELSON
FINANCIAL STATEMENT
December 31, 1984
NOTE 5 - REAL ESTATE PARTNERSHIPS (Continued)
No. XIII (60%) - 221 Acres, McKinney,
Texas, contract value $ 1,817,500
No. XIV (60%) - 76 Acres, Benbrook,
Texas 2,940,000
No. XV (25%) - 86 Acres, Grand Prairie,
Texas 500,000
No. XVI (60%) - 21.5 Acres, S.W. Fort
Worth, Texas, contract value 1,365,000
No. XVII (60%) - 1,567 Acres, W. Fort
Worth, Texas 7,800,000
5000 Montrose II -IV, Ltd., (28.29%),
Houston, Texas, cost 168,000
Kingswood Estate Joint Venture (75%),
159 Acres, N. Richland Hills, Texas,
appraised value 300,000
Memorial Plaza (50%) - 17 Acres, Denver,
Colorado, cost 534,000
Maiden Lane, Ltd., (.22%) New York, cost 230,000
Nelson - Dunnam Lakeway Property (50 %),
Austin, Texas, estimated value 100,000
Pletz and Associates - Perrin Oaks
Shopping Plaza (50%), San Antonio,
Texas, appraised value 800,000
Potranco Road Joint Venture (8.75%) -
72 Acres, San Antonio, Texas, estimated
value 373,000
Redland Road Joint Venture (25%) - 114
Acres, San Antonio, Texas, appraised
value 656,000
Schreiner Center, Ltd. (9.O%), Kerrville,
Texas, cost 120,000
Sharpstown Center Associates, (.65%) -
Houston, Texas, cost 240,000
•306/35 Joint Venture (62.5%) - 47 Acres,
New Braunfels, Texas, cost 125,000
Zocalo Courtyard office building (35 %) -
San Antonio, Texas, estimated value 525,000
Others, cost 422,000
$22,070.500
NOTE 6 - OTHER PARTNERSHIPS
CHARLES SCHREINER NELSON
FINANCIAL STATEMENT
December 31, 1984
Partnership interest consists of the follow-
ing (value based on reserves, appraisals,
and estimates):
Brazos Farm
C.S.A. Partners, Ltd.
Dilley Partnership
EPC 1979, Ltd.
EPC 1980, Ltd.
Estoril 1982 -A, Ltd.
Espy Energy 82 -A, Ltd.
Exxcell, R & D, Ltd.
Fotostop Tulsa, Ltd.
Genentech Clinical Partners II
Hutchins- Kubela Redevelopment .Prospect
Nelson -Wyatt Investments
North Angelina Partnership
Platt Prospect
Rotan Hosle Energy Fund
SLM, Ltd. III
Senergy 1982 -A, Ltd.
Senergy 1983 -A, Ltd.
Senergy 1983 -B, Ltd.
Senergy 1984 -A, Ltd.
Starr County
Other
NOTE 7 - ROYALTY, WORKING AND FUTURE INTERESTS
The estimated current value of these interest
was determined by Charles Schreiner Nelson as
• two and a •half (2 1/2) times the 1984 annualized
production income from oil and gas.
The future interests are nonforfeitable rights
to receive future sums of income and /or assets
through certain trusts.
$ 73,000
20,000
53,000
47,000
375,000
13,000
96,000
63,000
60,000
62,000
30,000
500,000
51,000
77,000
102,000
60,000
80,000
375,000
37,000
75,000
83,000
114,000
$ 2,466,000
CHARLES SCHREINER NELSON
FINANCIAL STATEMENT
December 31, 1984
NOTE 8 - NOTES PAYABLE
Alamo National Bank, prime plus 1%
interest paid semi- annual payments
until March, 1986 (guarantee of
$637,500), secured by second lien
in 216.5 Acres in San Marcos $ 318,750
American Mortgage Company, 11%, due
in monthly payments until 1990,
mortgage on Austin Warehouse 1,338,120
Charles Schreiner Bank, prime interest
plus 1% paid quarterly, due December,
1985, secured by 11 acres in Selma, Texas 392,000
Charles Schreiner Bank, prime plus 1%
interest paid quarterly, due August,
1985, second lien in 47 acres in New
Braunfels, Texas (306/35 Joint Venture) 300,000
Federal Land Bank of Texas, 11.5%
(variable), due in annual installments
through January 1, 2020, secured by
Little Paint Creek Ranch 4,404,218
First City Bank - Houston, prime interest
paid quarterly, due December, 1985,
secured by Lockwood common stock 100,000
Frost National Bank, open line of credit,
prime (unsecured) 5,000,000
Gill Savings Association, 10% interest,
paid monthly, due December, 1988,
secured by Blake Street Terrace office
building, Denver, Colorado (non- recourse) 16,000,000
Haegelin Heirs, four (4) notes at 10 %, due
in annual payments until 1993, mortgage
on Quail Crossing Farm 599,843
Callie Ingram, 11% note due in semi - annual
payments until March, 1990, secured by
216.5 - acres 'i±n San Marcos, Texas 162,711
Republic Bank - San Antonio, prime plus 1/2%
interest paid quarterly, due August, 1985 500,000
San Jacinto Savings of-Beaumont, Texas,
11.875 %, due in monthly payments until
1992, mortgage on Lakeway Lot 81,141
San Antonio Savings Association, 10.75%,
due 1009, mortgage on residence 406,758
•
MOTE 8 - NOTES PAYABLE (Continued)
Winter Garden P.C.A., 12.10% interest
paid annually, due August, 1994,
secured by Divot Farm
Notes pledged by partnership interest:
Exxcell R & D, Ltd.
IRC Partnerships
5000 Montrose II -IV, Ltd.
Maiden Lane, Ltd.
Oso Pardo Ranch
Sharpstown Center Associates
Other Notes
NOTE q - ESTIMATED INCOME TAXES
The estimated current amounts of liabilities
at December 31, 1984, equaled their tax bases.
Estimated income taxes have been provided on
the excess of the estimated current value of
assets over their tax bases as if the estimated
current values of the assets had been realized
on the statement date, using applicable tax laws
and regulations. The provision will probably
differ from the amounts of income taxes that
eventually might be paid because those amounts
are determined by the timing and the method of
disposal of realization and the tax laws and
regulations in effect at the time of disposal
of realization.
POTE 10 - COMMITMENTS AND CONTINGENCIES
Commitments and contingencies consist of the
following loan guarantees (over and above the
notes payable listed in Note 8):
Lender and Pavable To:
First State Savings,
San Antonio
Gill Savings Associa-
tion, San Antonio,
Texas
InterFirst Bank,
San Antonio, Texas
CHARLES SCHREINER NELSON
FINANCIAL STATEMENT
December 31, 1984
For:
Pletz & Associates -
Perrin Oaks Plaza,
San Antonio, Texas
Dabney Joint Venture No.
XV - 86 Acres in Grand
Prairie, Texas
Redland Road Joint Ven-
ture - 114 Acres in San
Antonio, Texas
$ 207,000
131,250
113,228
56,000
179,439
255,147
171,334
110,587
$30,827,926
Amount
$ 300,000
6,000,000
4,687,500
Lender and Payable To:
Frost National Bank,
San Antonio, Texas
Cullen Frost Bank of
Dallas, N.A.
Frost National Bank,
San Antonio, Texas
Frost National Bank,
San Antonio, Texas
Frost National Bank,
San Antonio, Texas
Farmer's Home Admini-
stration - Sherman,
Texas
Republic Bank, San
Antonio, Texas
Various
Various
CHARLES SCHREINER NELSON
FINANCIAL STATEMENT
December 31, 1984
NOTE 10 - COMMITMENTS AND CONTINGENCIES (Continued)
For:
Kingswood Estate Joint
Venture - 141 Acres in
N. Richland Hills, Texas
54 Acres in Keller, Texas
Dabney Joint Venture No.
XIV - 76 Acres in Ben -
brook, Texas
Shadowridge Apartments of
Sulphur Springs, Texas
Waterford Apartments of
Whitewright, Texas
Colonial Terrace Apartments
of •Princeton, Texas
Zocalo Courtyard Joint Venture
Scobey Moving & Storage, Inc.
Memorial Plaza Partners -
15 Acres - Denver, Colorado
Amount
$ 1,683,468
756,071
4,375,000
1,248,000
1,040,000
1,020,000
500,000
2,024,891
1,632,000
$,25,766,410
BIRTHPLACE:
BIRTH DATE:
MARITAL STATUS:
EDUCATION:
MILITARY:
11EEliHE
CHARLES SCHREINER NELSON
420 Wiltshire
San Antonio, Texas 78209
Phones: 512 - 822 -5057 - Home
512 - 828 -8393 - Business
New York, New York
September 10, 1937
Married
Wife: Shawn Adele Carpenter Nelson
Son: Charles Schreiner Nelson, Jr.
Daughter: Shawnee Carpenter Nelson
Texas Military Institute and
University of Texas
B.B.A. 1960
U.S. Army - Quartermaster Corps.
First Lieutenant 1960 - 1962
CURRENT Frost National Bank Director
PROFESSIONAL San Antonio Savings Assoc. Director
AFFILIATIONS: Goodwill Industries Director
Independent Petroleum Assoc. Member
International Assoc. of Member
Refrigerated Warehouses
(IARW)
National Moving & Storage Member
American Warehousemen's Member
Association
Southwest Warehouse & Member
Trans. Association
PAST San Antonio Chamber of
PROFESSIONAL Commerce
AFFILIATIONS: American Cancer Society -
Bexar County
San Antonio Movers &
Warehousemen
Texas Beta Student Aid
Fund of Austin
Page 1
November, 1984
Director
Director &
Past President
Past President
Director
PAST
PROFESSIONAL
AFFILIATIONS- (Continued)
HONORS AND
CERTIFICATES:
EMPLOYMENT HISTORY:
$ANK REFERENCES:
PERSONAL REFERENCES:
Allied Van Lines
Associated Warehouses, Inc.
San Antonio Zoological
Society
San Antonio Central Index
Alamo Area Boy Scouts of
America
Texas Society for Blindness
United Way of. San Antonio
American Cancer Society -
Bexar County
' San Antonio Goodwill In-
dustries
San Antonio Jaycees Out-
standing Young Man -1969
Scobey Moving & Storage
Scobey Moving & Storage
Scobey Moving & Storage
(1962 - Present)
C. Linden Sledge
Chairman of the Board
Frost National Bank
San Antonio, Texas 78296
W. W. McAllister, III
President
San Antonio Savings Association
San Antonio, Texas 78296
Dan Webster
Cox & Smith
600 NBC Building
San Antonio, Texas 78205
Phone: 512 - 226 -7000
Sol Schwartz - C.P.A.
6243 IH -10, Suite #800
San Antonio, Texas 78201
Phone: 512- 737 -2001
Harry Affleck
Affleck & Co.
900 Isom Road
Page 2
Director
Past President
Director
Director
Special Gifts
Chairman
Director
Director
Appreciation
Cert. & Plaqu
Appreciation
Cert. & Plaqu
Plaque
Asst. General
Manager
President & Ger.
Manager
Chairman of the
Board, C.E.O.
& President
PERSONAL REFERENCES.
(Continued)
John Korbell - Vice President
Rotan Hosle, Inc.
100 NBC Building
San Antonio, Texas 78205
Phone: 512 - 220 -3812
Page 3
PAUL R. CRONK
FINANCIAL STATEMENT
SEPTEMBER 10, 1985
PAUL R. CRONK
STATEMENT OF FINANCIAL CONDITION
SEPTEMBER 10, 1985
Assets
Cash $ 110,000
Income Tax Refunds Receivable (Note 2) 14,000
Investments
Albion Property Corporation (Note 3) 2,173,700
Sundance, Inc. (Note 4) 50,000
Jollyville Partners (Note 5) 400,000
Round Rock Partners (Note 6) 200,000
Real Estate
Condominium, Vail, Colorado (Note 7) 67,500
Condominium, Denver, Colorado (Note 8) 80,000
Cash value of life insurance (Note 9)
Personal and Household (Note 10) 100,000
Total Assets $ 3,195,200
Liabilities
Income taxes - current year balance (Note 2)
Interest -free demand notes payable to
Albion Property Corporation (Note 11)
Prime plus 1% installment note payable
to savings and loan (Note 12)
Mortgages payable (Note 13)
Contingent liabilities (Note 14)
Total Liabilities
Estimated income taxes on the excess of the
estimated current values of assets over their
tax basis (Note 15)
Net Worth
Date Date l frog
$ 249,600
148,600
101,900
500,100
624,500
2,070,600
Total Liabilities And Net Worth $ 3,195,200
The notes are an integral part of this financial statement.
The undersigned hereby represents that the above financial statement
of Paul R. Cronk as of September 10, 1985 was compiled in
accordance with generally accepted accounting principals. Paul R.
Cronk authorizes any inquiries deemed necessary to verify this
financial statement and to determine Paul R. Cronk's credit
worthiness.
Attest Signed "�
PAUL R. CRONK
NOTES TO THE FINANCIAL STATEMENT
SEPTEMBER 10, 1985
Note 5. Jollyville Partners is a 50% general partnership interest.
The Partnership's underlying asset is undeveloped land located on
Jollyville Road in Austin, Texas. The estimated current value of the
partnership interest is based on the equity value of the and which is
estimated by Paul R. Cronk to be $800,000.00.
Note 6. Round Rock Partners is a 50% general partnership interest.
The Partnership owns property located in Round Rock Texas which it
intends to develop for lease to the City of Round Rock. The estimated
current value of the partnership interest is based on the underlying
equity value of the land which is estimated by Paul R. Cronk to be
$400,000.00.
Note 7. An undivided one - fourth interest in a residential condominium
located at 741 Stone Creek Drive, Eagle -Vail, Colorado. The estimated
current value of $67,500.00 is based on Paul R. Cronk's estimate of
the equity value of the interest.
Note 8. A residential condominium which is used as a rental property.
The condominium is located at 1105 York Street Denver, Colorado. The
estimated current value of $80,000.00 is based on the cost of the
property which was recently purchased.
Note 9. Paul R. Cronk is the insured and Albion Property Corporation
and J. Harriet Cronk are each 50% beneficiaries of a $2,000,000.00
policy with Midland Life Insurance Company. Paul R. Cronk is the
insured and J. Harriet Cronk is the beneficiary of a $100,000.00
policy with Surety Life Insurance Company. Neither of these policies
has a current cash surrender value.
Note 10. The current value of personal and household items is based on
Paul R. Cronk's estimate.
Note 11. Wages of $20,000.00 per month are applied as payment on the
notes.
Note 12. Second Trust Deed Note payable to Empire Savings & Loan dated
March 26, 1985, in the original amount of $150,000.00. Payable in
installments until March 1, 1995 at which time the entire unpaid
balance matures. Interest accrues at (1) prime for the first 5 years,
(2) prime plus 1% for years 6 and 7, (3) prime plus 2% for years 8 and
9 and (4) prime plus 3 % for year 10. Notwithstanding the above, the
interest rate shall never be less than 10% per annum and current
monthly installments are at the minimum of $1,372.11 per month.
Page 2
PAUL R. CRONK
NOTES TO THE FINANCIAL STATEMENT
SEPTEMBER 10, 1985
Secured by property owned by Albion Property Corporation located at
269 -299 Fillmore Street and 2826 -2830 East Third Avenue, Denver,
Colorado. Albion Property Corporation is making the note payments for
the benefit of Paul R. Cronk. Such payments increase the notes
payable to Albion. Payments on the Albion notes are set forth in Note
11 above.
Note 13. The terms of mortgages payable are as follows:
One- fourth share of First Interstate Mortgage Company 5
year note at 14.375% dated March 12, 1981 payable in
monthly installments. Secured by an undivided interest
in condominium property located at 741 Stone Creek
Drive, Eagle -Vail, Colorado. $ 41,900.00
World Savings 12.885% Note payable in 356 monthly
installments of $658.96. Secured by condominium located
at 1105 York Street, Unit 18, Denver, Colorado.
Total Mortgages
Note 14. Paul R. Cronk is contingently liable as guarantor of a
$134,500.00 working capital note payable to Market National Bank by
Romney Corporation. Paul owns 60% of the common stock of Romney
Corporation. The Corporation has no equity value at July 19, 1985.
He is also a joint guarantor on $1,612,400.00 of notes payable to
United Bank of Denver,' Victorio Realty Group and First Bank of Villa
Italia in connection with Memorial Plaza Partners, a real estate joint
venture between Albion Property Corporation (50 %) and Charles Schreiner
Nelson (50 %).
Note 15. Estimated income taxes on the excess of the current value of
assets over their tax basis have been provided at capital gain rates on
pretax net worth as follows:
Page 3
60,000.00
$101,900.00
. Taxable income
Pretax net worth $2,695,100
Add tax gain on Alamo Plaza Services, Ltd. 986,765
Total gains 3,681,865
Capital gain exclusion 2,209,119
Taxable gains 1,472,746
Net operating loss deduction 618,400
Regular tax
Alternative minimum tax
Tax on current value
PAUL R. CRONK
NOTES TO THE FINANCIAL STATEMENT
SEPTEMBER 10, 1985
Page 4
$ 854,346
445,525
179,025
$ 624,550
P.O. BOX 2910
AUSTIN, TX 78769
512. 475 -2192
September 10, 1985
Round Rock Partners
c/o Marty Shelton
9417 Great Hills Trail
Suite 2026
Austin, TX 78759
Dear Mr. Shelton:
RANDALL H RILE
State Represent-[ ive
RHR /jc
Texas
`House 9f kepreserttatives
RANDALL H. RILEY
STATE REPRESENTATIVE
DISTRICT 52
el
I have been advised that Care i o u n the process of working to
obtain an Economic,Development:Grant. This is such a worth-
while project to be= in in since it benefits both the
city as%well ea/he, ' „1k
with thi
o kee
1^ X1191 i.,J' ?P
The ; -of Roundt Rock "is'' groowirig--_ lwe = ee �n- order_toobe
a
ble1tp7up s f ast ; pa`ce*,nd =to rea11y
a
nw��-� Nap.- ww�l4 1 - rI n,14 ,.. r. u. I I
downtown d eve l o pm ent projects. I; - ± r � tIIf. r
I,',hopeayou wi1T conties -
nuto o£ your progress
regarding this / ,1 will be glad to a whateve_
a y s , T "an �
d ' a
: 1 Y t
COMMITTEES:
STATE AFFAIRS
BUSINESS AND COMMERCE
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1