R-86-938 - 12/23/1986 f 4� ,
,
RESOLUTION NO.
WHEREAS, landowners have previously entered in the Southwest
Round Rock Wastewater Service Agreement with the City of Round
Rock, and
WHEREAS, all parties now desire to postpone the acceptance
of bids by the City Council for the project for an indefinite
period of time not to extend beyond November 12, 1987, and
WHEREAS, the letters of credit previously deposited with the
City under the terms of the Agreement will soon expire,
WHEREAS, the landowners will deposit substitute letters of
credit, NOW THEREFORE
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK,
TEXAS
That the Mayor be and is hereby authorized to execute an
addendum to the Southwest Round Rock Wastewater Service
Agreement, a copy of said addendum attached hereto and
incorporated herein for all purposes.
RESOLVED this r9V e day of ,0t&-Il,XbtC,
MIKE ROBINSON, Mayor
City of Round Rock, Texas
ATTEST:
Jo4Vnne Land, City Secretary
DATE: December 19, 1986
SUBJECT: Council Agenda, December 23, 1986
ITEM: 13E - Consider a resolution authorizing the Mayor to enter into
an addendum to the Southwest Round Rock Service Agreement.
The Southwest Round Rock Service Agreement participants have requested
an extention of the time period. Due to the participants economics, they are
requesting a one year extention on the project. Staff recommends authorization
for the Mayor to sign the addendum. All fiscal has been posted.
ADDENDUM TO SOUTHWEST
ROUND ROCK WASTEWATER SERVICE AGREEMENT
WHEREAS, the undersigned Landowners have previously entered in
the Southwest Round Rock Wastewater Service Agreement with the City
of Round Rock, and
WHEREAS, all parties now desire to postpone the acceptance of
bids by the City Council for the project for an indefinite period
of time not to extend beyond November 12, 1987, and
WHEREAS, the letters of credit previously deposited with the
City under the terms of the Agreement will soon expire, NOW
THEREFORE
IT IS AGREED BETWEEN THE LANDOWNERS AND CITY as follows:
I.
The Landowners and City hereby expressly acknowledge that the
Southwest Round Rock Wastewater Service Agreement, dated the 12th
day of December, 1985, is a valid and subsisting agreement, as
amended by this Addendum, and do hereby readopt fully each of the
terms of said contract and acknowledge the validity of said
contract as hereby amended.
II.
Article IV of said Agreement is hereby amended to provide that
the Landowners shall at least ten (10) days prior to the expiration
date of the letter of credit previously deposited with the City,
deposit a substitute letter of credit in the same amount with an
expiration date of not sooner than December 31, 1987. Landowners
acknowledge that failure to so deposit said substitute letters of
credit will result in the letters of credit now on deposit to be
presented by the City for payment.
III.
Unless an earlier date is agreed to by all Landowners, the City
agrees to advertise for bids so that consideration of acceptance of
said bids by the City Council shall not occur prior to November 12,
1987.
Dated this day of November, 1986.
CITY OF ROUND RO K
By: �a✓ �o?-o t��
Mike Robinson, Mayor (date)
A TEST:
J anne Land, City Secretary
LANDOWNERS:
1. P.A. Stark, III (dat y/
Celia Neuman (date)
swrr-add
3. Hard Rock Joint Venture
BY �_
(date)
Quantafm Investments, Inc.
By: L I�N
President (date) !�
4. K
Tom Kouri (date)
5. 172 Properties Jo t Ven
BY
rl W. Haustein, Jr date)
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