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CM-08-04-086DATE: April 11, 2008 SUBJECT: City Manager Approval ITEM: Execute a Termination Agreement between the City of Round Rock and AGAPE Pregnancy Resource Center. Department: Planning and Community Development Staff Person: Mona Ryan, Community Development Coordinator Justification: AGAPE elected to terminate its agreement with the City to use Community Development Block Grant funds for its facility expansion. Funding: Cost: -0- Source of funds: CDBG HUD Entitlement Funds Background Information: On July 27, 2006, AGAPE entered into an agreement with the City of Round Rock (R-06-07-27-11D.A) to use CDBG funds for facility expansion. AGAPE now wishes to terminate this agreement and has returned funds. The $116,961 awarded to AGAPE will be returned to the CDBG program and reallocated into new activities in 2008. TERMINATION AGREEMENT This Termination Agreement ("Termination Agreement") is entered into between the CITY OF ROUND ROCK, TEXAS, a Texas municipal corporation ("City") and AGAPE PREGNANCY RESOURCE CENTER, a Texas non-profit corporation ("AGAPE"). In consideration of the mutual covenants contained herein the parties agree as follows: 1. Representations of the Parties 1.01 This Termination Agreement concerns the "Community Development Block Grant Public Facilities Loan Agreement" ("Loan Agreement") entered into by the parties on July 27, 2006 involving the lending of certain funds from the United States Department of Housing and Urban Development under the Housing and Community Development Act of 1974, as amended. 1.02 AGAPE hereby represents that it did not receive any funding from the City pursuant to the Loan Agreement. 1.03 The City hereby represents that it did not pay any amounts to AGAPE pursuant to the Loan Agreement. The City further represents that it has released AGAPE from any and all liens associated with its interests under the Loan Agreement. 2. Termination of Agreement 2.01 The parties hereby mutually understand and agree that provisions regarding notice in the Loan Agreement, if any, are hereby waived. 2.02 The parties hereby mutually understand and agree that the Loan Agreement is to be terminated and will be of no further force or effect upon the execution of this Termination Agreement by both parties. 2.03 The City and AGAPE each are fully and unconditionally released and discharged by the other from their respective obligations arising from or in connection with the Loan Agreement. This Termination Agreement will fully and finally settle all demands, charges, claims, accounts, or causes of action of any kind arising out of or in connection with the Loan Agreement, and this Termination Agreement constitutes a mutual release with respect to all claims arising out of or in connection with the Loan Agreement. [Signature Page Follows] Termination Agreement 1 of 2 Round Rock/AGAPE Cl�l- 0S-- - Ot 00128897.DOC/PS The parties are signing this Termination Agreement in duplicate originals on the dates indicated. AGAPE PREGNANCY RESOURCE CENTER 104 E, Main Street Round Rock, Teas 7664 By:l�,✓G�. G� (157//6ess4-: Printed Name r{ t S / Date: Title CITY OF ROUND ROCK, TEXAS 221 E. Main Street Round Rock, Texas 78664 By: Printed Name Title Date: ' ' `9"° Attest: (4,61Atf For Cit , Approved as to Form: Sara White, City Secretary StephL. Sheets, City Attorney Signature Page for Termination Agreement 2 of 2 Round Rock/AGAPE