R-88-1204 - 12/22/1988WHEREAS, 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 readvertising of
bids until March 1, 1989, and
WHEREAS, the letters of credit previously deposited with the City
under the terms of the Agreement will soon expire,
WHEREAS, the landowners have agreed to 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 being attached hereto and incorporated herein for all
purposes.
RESOLVED this 22nd day of December, 1988.
ATTEST:
NE
GIRESSWRR
LAND, City Secretary
RESOLUTION NO. .1710
MIKE ROBINSON, Mayor
City of Round Rock, Texas
DATE: December 20, 1988
SUBJECT: Council Agenda, December 22, 1988
ITEM: 108. Consider a resolution authorizing the Mayor to extend
the Southwest Wastewater Contract.
STAFF RESOURCE PERSON: Jim Nuse
STAFF RECOMMENDATION: The participants of the Southwest Wastewater
Project have requested an extension for this project until the
end of February. Letters of Credit will be extended until that
date. Recommendations as to the future of the project will be
made prior to then.
ECONOMIC IMPACT:
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 advertising for
bids by the City Council for the project until March 1, 1989, 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.
ATTEST:
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 letters of credit previously deposited with the City,
deposit substitute letters of credit in the same amount with an
expiration date of not sooner than March 1, 1989. 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. In the event that the letters of
credit currently on deposit are cashed, Landowners shall be entitled
to a return of the cash upon depositing said substitute letters of
credit.
Unless an earlier date is agreed to by all Landowners, the City
agrees not to readvertise for bids prior to March 1, 1989.
Dated this 22nd day of December, 1988.
I4/
E
nne Land, City Secretary
G1SWRR -ADD
CITY OF ROUND ROCK
By:
Mike Robinson, Mayor (date)
LANDOWNERS:
1.
P.A. Stark, III (d to
2. .i it.Q
Celia Net'i an (date)
3. Hard Rock Joint Venture
5. 172 Properties Joint Venture
2.
B y : jeZ�? a'1'&
A. V Pri , /�4d
Quantam Investments, Inc.
By
By:
enter
A.
Gay
Tom Kouri
Rug
(dat
(date)
arl W. Hanstein,
Jf! (date)
74/