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R-89-1340 - 9/20/1989WHEREAS, on May 11, 1989, the Round Rock City Council entered in an Agreement with Franklin Capital Corporation (Franklin) regarding the proposed golf course, and WHEREAS, said Agreement provided for the parties to enter into more comprehensive agreements as the details of the proposed golf course were worked out, and WHEREAS, the City and Franklin now wish to enter into a Dedication and Development Agreement, Now Therefore BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS, That the Mayor is hereby authorized and directed to execute on behalf of the City a Dedication and Development Agreement with Franklin, a copy of said Agreement being attached hereto and incorporated herein for all purposes. RESOLVED this 20th day of September, 1989. ATTEST: C- RS09149D LAND, City Secretary J RESOLUTION NO. 13 `i"O A -L 44 MIKE ROBINSON, Mayor City of Round Rock, Texas DATE: September 18, 1989 SUBJECT: Council Agenda, September 20, 1989 ITEM: 4D. Consider a resolution approving the Franklin Tract Development Agreement. STAFF RESOURCE PERSON: Bob Bennett STAFF RECOMMENDATION: Approval THIS RESOLUTION APPROVES THE ATTACHED DEDICATION AND DEVELOPMENT AGREEMENT BETWEEN THE CITY AND FRANKLIN CAPITAL CORPORATION. THIS AGREEMENT IS PROVIDED TO ESTABLISH THE TERMS AND CONDITIONS FOR THE DEVELOPMENT OF THE FRANKLIN 582 TRACT AND THE 170 + ACRE GOLF COURSE TRACT.