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CM-2015-847 - 7/31/2015 r_ Mayor Councilmembers City Manager Alan McGraw Craig Morgan Laurie Hadley Frank Leff ingwell Will Peckham ROUND ROCK TEXAS Mayor Pro-Tem Writ Baese City Attorney ADMINISTRATION DEPARTMENT George White Kris Whitfield Stephan L.Sheets July 23, 2015 Scott Bethea The ATM Guys, Inc. 6301 Gridleigh Court Austin, Texas 78754 Re: Termination Notification of a City of Round Rock Agreement with The ATM Guys, Inc. dated October 22, 2010 Dear Mr.Bethea: This correspondence shall serve as notice that the City of Round Rock, Texas (the "City") hereby terminates the above-referenced City of Round Rock Agreement License Agreement and Revenue Sharing Agreement from Installation of ATM Machines (the "Agreement) with The ATM Guys, Inc. dated October 22, 2010. Pursuant to Section 2.01, the "Term" Section of the Agreement, [t]he initial term of this License Agreement is for sixty (60) months from the effective date hereof. Regarding early termination of the Agreement, Section 13.01 provides: "The City has the right to terminate this Agreement, in whole or in part, for convenience and without cause, at any time upon thirty (30) days' written notice to the Licensee...Upon the City's delivery of the referenced notice to the Licensee, the Licensee shall discontinue all services in connection with the performance of this Agreement. Within thirty (30) days after such notice of termination, the Licensee shall submit a statement showing in detail the goods and/or services satisfactorily performed under this Agreement to the date of termination. The parties agree that the Licensee is not entitled to compensation for services it would have performed under the remaining term of the Agreement, nor the anticipated revenue. " 00338938/ss2 CITY OF ROUND ROCK 221 East Main Street, Round Rock,Texas 78664 [P] 512.218.5401 • [F] 512.218.7097 • roundrocictexas.gov The ATM Guys, Inc. Letter —Page 2 Section 3.01 of the Agreement, titled "License," grants The ATM Guys, Inc. the "...right to install, operate, maintain, upgrade, and repair up to ten (10) permanent and/or portable ATM machines to be placed at various changeable sites within the City, on real property owned by the City.... " Termination of this Agreement revokes this license in its entirety. Upon termination of this Agreement, The ATM Guys, Inc. shall immediately remove all ATM machines located on City property. In the event the ATM machines are not immediately removed as requested, the City shall remove the ATM machines from their current locations. Pursuant to Section 17.01 of the Agreement, this termination notice is being delivered in writing to the recipient identified as the Licensee in Subsection (2). Should you have any questions or feel the need to discuss this matter further, please do not hesitate to contact me. Sincerely, Bryant Williams Assistant City Manager City of Round Rock I OUND ROCK xas Agenda Item Summary Agenda Number: Title: Consider executing a termination letter to The ATM Guys, Inc. for a License and Revenue Sharing Agreement for the installation of ATM machines on City property. Type: City Manager Item Governing Body: City Manager Approval Agenda Date: 7/31/2015 Dept Director: Cost: Indexes: Attachments: LAF The ATM Guys, Inc, Back-up The ATM Guys Department: Finance Department Text of Legislative File CM-2015-847 Termination letter to The ATM Guys, Inc. for a License and Revenue Sharing Agreement for the installation of ATM machines on City property. Department official recommends approval of this item. City of Round Rock Page 1 Printed on 7130/2015 LEGAL DEPARTMENT APPROVAL FOR CITY COUNCIL/CITY MANAGER ACTION Required for Submission of ALL City Council and City Manager Items Termination of License and Revenue Sharing Department Name: Finance Project Name: Agreement for ATM Machines Project Mgr/Resource: Susan Morgan Contractor/Vendor: The ATM Guys,Inc. Council Action: ORDINANCE RESOLUTION Agenda Wording xx City Manager Approval CMA Wording Consider executing a termination letter to The ATM Guys, Inc.for a License and Revenue Sharing Agreement for the installation of ATM machines on City property. Attorney Approval EJ�Attorney Date-713S11 Notes/Comments Print letter on City letterhead before signature and delivery to The ATM Guys, Inc. O:\wdox\SCClnts\0117\1503\MISC\00338937.XLS Updated 6/3/08