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CM-2016-1071 - 3/25/2016MEMORANDUM OF UNDERSTANDING This Memorandum of Understanding (this "Memorandum") is entered into by and between the City of Round Rock, Texas ("Contributor") and Austin Area Research Organization, a Texas nonprofit corporation ("AARO"), and the parties agree as follows: Recitals. (a) AARO is conducting a research project regarding transportation governance in Central Texas (the "Project") and has requested that Contributor participate in the Project by contributing funds as well as having Contributor's officials meet with other Project participants and consultants to share ideas and viewpoints; (b) Contributor has agreed to participate in the Project and to contribute up to $ (�% (the "Contribution") to AARO for use in connection with the Project; and (c) This Memorandum governs the use of the Contribution. 2. Amount of Contribution. Contributor agrees to contribute up to $ f, to AARO for the Project, with the amount of such Contribution advanced to AARO upon execution of this Memorandum. Use of the Contribution by AARO. AARO agrees to use the Contribution solely in connection with the Project and for no other purpose. 4. Excess Funds. The parties acknowledge that AARO has requested funding from other contributors (including AARO) for the Project and AARO agrees that in the event more funds are contributed for the Project than needed to complete the Project, AARO will return to all contributors (including Contributor) the amount of such excess based on the relative amounts originally contributed. Executed this the 2�?j4day of �'l' '7 , 2016. CITY OF ROUND ROCK, TEXAS Laurie Hadley, City Manager AUSTIN AREA RESEARCH ORGANIZATION By. - Aclt�u` �ULcs, ,� Barbara Jo son, Executive Director 2488795.1 City of Round Rock IROUND ROCK Agenda Item Summary Agenda Number: Title: Consider authorizing a Memorandum of Understanding with Austin Area Research Organization. Type: City Manager Item Governing Body: City Manager Approval Agenda Date: 3/25/2016 Dept Director: Laurie Hadley Cost: Indexes: Attachments: LAF- MOU with AARO, Memorandum of Understanding (AARO and City of Round Rock) Department: City Manager's Office Text of Legislative File CM -2016-1071 Consider authorizing a Memorandum of Understanding with Austin Area Research Organization. City Manager would like to participate in the research project regarding the transportation governance in Central Texas. The City of Round Rock will contribute $7,500 to this project. Funds for this project will be taken from Admin Contingency Funds. Staff recommends approval. City of Round Rock Page 1 Printed on 312412016