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R-2015-2705 - 7/23/2015RESOLUTION NO. R-2015-2705 WHEREAS, Billy Ketchum and Beverly Ketchum (Together the "Ketchums") filed suit against the City of Round Rock ("City") in the 277th Judicial District Court, Williamson County, Texas in Cause No. 14-0643-C277; Billy Ketchum and Beverly Ketchum v. City of Round Rock, Texas and Freese & Nichols, Inc. (the "Lawsuit"); and WHEREAS, on July 14, 2015 the parties and Freese & Nichols, Inc. participated in a mediation for the purpose of negotiating a settlement agreement regarding the Lawsuit; and WHEREAS, following the mediation the parties and Freese & Nichols, Inc., agreed on a proposal for settlement, set forth in the Memorandum of Settlement Agreement, (the "Memorandum") a copy of which is attached hereto as Exhibit "A"; and WHEREAS, the City Council wishes to approve said Memorandum; 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 the Memorandum of Settlement Agreement, a copy of same being attached hereto as Exhibit "A" and incorporated herein for all purposes. The City Council hereby finds and declares that written notice of the date, hour, place and subject of the meeting at which this Resolution was adopted was posted and that such meeting was open to the public as required by law at all times during which this Resolution and the subject matter hereof were discussed, considered and formally acted upon, all as required by the Open Meetings Act, Chapter 551, Texas Government Code, as amended. 0112.1504;00338514 RESOLVED this 23rd day of July, 2015. ALAN MCGRAW, Mayor City of Round Rock, Texas ATTEST: �m akbfi� SARA L. WHITE, City Clerk EXHIBIT ••A„ MEMORANDUM OF SETTLEMENT AGREEMENT This is amemorandum of amediated settlement agreement, intended by the parties to comply with Rule 11, TexRCivP, and § 154.071 TCPRC, entered into between Billy Ketchum and Beverly Ketchum (Together the "Ketchums"), the City of Round Rock, Texas ("CoRR'), and Freese & Nichols, Inc. ("F&N"), respecting all matters at issue in Cause No. 14-0643-C277; Billy Ketchum and Beverly Ketchum v. City of Round Rock Texas and Freese & Nichols, Inc.; 277`h Judicial District Court, Williamson County, Texas (the "Lawsuit"). The parties agree as follows: Substantive provisions: A. These terms are conditioned upon approval ("Approval") by all required governmental entities for funding of the proposed improvement to RR 620, adjacent to the Ketchums' property (the `.`Property") as identified in the pleadings of the Lawsuit, which shall result in the taking of the Property subject to the requirements ofthe Federal Relocation Assistance Benefits Act, which the Ketchums and CoRR anticipate will result in a payment to the Ketchums in the approximate amount of $247,000, more or less (Ketchums also to be able to remove any fixtures from the Property). Such Approval shall occur before 10/15/15, failing which any party may withdraw their consent to these terms. If any party withdraws consent to these terms following the time for Approval, this agreement shall be of no further force and effect. If Approval occurs before any party withdraws consent to these terms, all parties shall be bound by these terms B. Upon Approval, CoRR and F&N shall pay or cause to be paid to the Ketchums the additional sum of $62,500.00 (CoRR: $5,000.00; F&N: $57,500.00), in exchange for which the parties will grant to one another, and to their respective affiliates, parents, subsidiaries, owners, directors, officers, employers, employees, engineers, consultants, agents, insurers and attorneys, a full and complete, general release for all matters at issue in, or related to the facts giving rise to, the Lawsuit; C. All attorneys' fees and costs will be borne by the parties as they were incurred. 2. On or before 30 days following Approval, the parties will enter into, and close with the payment of the cash sums stated in 2.A above, a formal compromise and settlement agreement reflecting the terms hereof, and providing for dismissal with prejudice of the Lawsuit. Initial drafts of the settlement documents will be prepared by the attorney for CORK, subject to the reasonable approval of attorneys for the other parties. 3. The parties agree to reconvene the mediation if a dispute arises regarding the further documentation, conclusion or performance of this settlement (but this provision does not imply that this agreement is not otherwise enforceable according to its terms). Executed: July 14, 2015 [signatures on following page] Parties: Billy Ket m j---f2jch Bev Ketch &N -2- Attorney Approval as to Form: