R-92-1705 - 3/12/1992WHEREAS, the City of Round Rock desires to have management
services for its Heritage Woods office complex, and
WHEREAS, Flautt & Associates Realtors has submitted a Management
Agreement to provide said management services, and
WHEREAS, the City Council desires to enter into said Agreement
with Flautt & Associates Realtors, 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 Management Agreement for the Heritage Woods
office complex, a copy of said Agreement being attached hereto and
incorporated herein for all purposes.
RESOLVED this 12th day of March, 1992.
ATTEST:
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6
RS03122B
E LAND, City Secretary
RESOLUTION NO. /1
14.
MIKE ROBINSON, Mayor
City of Round Rock, Texas
THIS MANAGEMENT AGREEMENT is between the City of Round Rock,
herein called Owner and Flautt & Associates Realtors, herein called
Agent, whereby Owner employs Agent exclusively to rent, lease, operate
and manage the following Property:
Heritage Woods, 605 Palm Valley Blvd., Round
Rock, Williamson County, Texas (Lot (9) Heritage
Center
This Agreement is for a primary term of one year beginning on the
1st day of December, 1991 and shall renew itself automatically for
successive terms unless:
A.) Either party gives the other 90 days written notice. Such
notice shall not effect or impose any right which has not been accrued
to either party prior to the date of notice.
B.) The Property is sold, in which case, this Agreement shall
terminate upon termination of the Owner's right to collect rents
therefrom.
C.) Written notice is given by Owner to Agent and such notice
shall be accompanied by payment to Agent of a sum equal to 90 days
management fee, as specified herein. In such case, this Agreement is
terminated upon receipt of said notice.
Owner agrees to pay Agent a monthly management fee of Four
Hundred and Fifty dollars ($450.00). For each additional lease
agreement not in effect on December 1, 1991, Owner agrees to pay a
Leasing Fee of six percent (6 %) of the new monthly lease payments as
they are received by Owner. In the event of a sale to a buyer procured
by Agent, Owner agrees to pay a sum equal to six percent (6 %) of the
contract sales price. Agent acknowledges that any sale of the property
must be on a sealed bid basis and the amount of the commission will be
taken into account when determining the best bid. Agent agrees to
cooperate with all outside Brokers.
Subject to instructions from Owner, Agent agrees to:
A.) Use due diligence to lease or rent property at maximum
market rental; to collect all rentals and other funds that may be due
to Owner; generally care for and manage said property; sue for rents
GCMANAGREE -
MANAGEMENT AGREEMENT
and possession when deemed advisable by Agent; employ labor and
purchase supplies and material not to exceed the amount of $500.00 for
a single expenditure during any one month without permission of the
Owner.
B.) To render monthly detailed statements of receipts, expenses,
and charges; and to forward all receipts collected for Owner (less any
sums properly deducted or otherwise provided herein).
All of said duties to be carried out in a careful, economical and
proper manner and in accordance with all applicable statutes and
regulations.
IT IS ALSO AGREED that Agent will not be liable except for
collections actually received and the Owner agrees to indemnify and
hold harmless from and against any and all claims, liabilities, costs,
and expenses, including attorney's fees and court costs sustained or
incurred by or asserted against Agent by reason of his connection with
the property or arising out of Owner's breach of duties and
obligations required by this Agreement.
Agent shall hold Owner harmless if Agent is in breach, or is
guilty of negligence or misconduct. /n
THIS AGREEMENT EXECUTED this a d ay of
19 9021.
OWNER NAME:
ADDRESS:
CITY /STATE:
PHONE:
AGENT NAME:
ADDRESS:
CITY /STATE:
PHONE:
OWNER SIGNATURE
City of Round Rock
221 East Main Street
Round Rock, Texas 78664
(512) 255 -3612
Flautt & Associates Realtors
605 Palm Valley Blvd., Suite 100
Round Rock, Texas 78664
(512) 388 -4434
2.
GENT SIGNAT
DATE: March 10, 1992
SUBJECT: City Council Meeting, March 12, 1992
ITEM: 9.B. Consider a resolution authorizing the Mayor to enter
into a Management Agreement with Gil Flautt and
Associates for Heritage Center.
STAFF RESOURCE PERSON: Bob Bennett /Steve Sheets
STAFF RECOMMENDATION:
This resolution authorizes the Mayor to enter into a Management
Agreement with Flautt & Associates for any lease space available in
Heritage Center. In the event the front building is sold, any
commissions will be paid for by the buyer.
Mayor
Alike Robinson
Mayor Pro -tcm
Charles Culpepper
Council Members
Robert Stluka
Tisk Oatman
Rick Stewart
Earl Palmer
Jimmy Joseph .
City Manager
Robert L. Bennett, Jr.
City Attorney
Stephan L. Sheets
March 23, 1992
Flautt & Associates Realtors
605 Palm Valley Blvd., Suite 100
Round Rock, Texas 78664
Dear Mr. Flautt:
Resolution No.. :1.7058 hich was approved by the Round Rock
City Council on March 12, 1991.
The enclosed resolution and Management Agreement are for
your files. If you have any questions, please do not
hesitate to call.
Sincerely,
JL:km
Enclosure
THE CITY OF ROUND ROCK
221 East Main Street
Round Rock, Texas 78664
512- 255 -3612
Fax 512 - 255 -6676
Joanne Land,
Assistant City Manager/
City Secretary