2016-4037 - 12/15/2016 RESOLUTION NO. 2016-4037
WHEREAS, the Round Rock Transportation and Economic Development Corporation
("RRTEDC") has previously entered into an Administration and Funding Agreement for the City of
Round Rock Economic Development Program ("Agreement") on the 24th day of September, 2015 by
and among the City of Round Rock, the Round Rock Transportation and Economic Development
Corporation and the Round Rock Chamber of Commerce, collectively the "Parties"; and
WHEREAS, the Parties entered into the First Amendment to the Agreement on the 22nd day of
September, 2016 to extend the term to December 31, 2016; and
WHEREAS, the Parties have determined that it is in their best interest to modify and extend
the term of the Agreement to January 31, 2017; and
WHEREAS, the Parties now wish to enter into a Second Amendment to the Administration
and Funding Agreement for the City of Round Rock Economic Development Program,Now Therefore
BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE ROUND ROCK
TRANSPORTATION AND ECONOMIC DEVELOPMENT CORPORATION,
That the President is hereby authorized and directed to execute on behalf of the RRTEDC a
Second Amendment to the Administration and Funding Agreement for the City of Round Rock
Economic Development Program with the City of Round Rock and the Round Rock Chamber of
Commerce, a copy of same being attached hereto as Exhibit "A" and incorporated herein for all
purposes.
The Board of Directors 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.
0112.1604;00368806
RESOLVED this 15th day of December, 2016.
By:
ALAN MCGRAW, President
Round Rock Transportation and Economic
Development Corporation
ATTE
. , Secretary
4111
2
EXHIBIT
„A„
SECOND AMENDMENT
TO THE
ADMINISTRATION AND FUNDING AGREEMENT FOR
THE CITY OF ROUND ROCK ECONOMIC DEVELOPMENT PROGRAM
This Second Amendment ("Second Amendment") is to that one certain Administration and
Funding Agreement for the City of Round Rock Economic Development Program ("Agreement")entered
into on the 24`,day of September, 2015 by and among the City of Round Rock("City"), the Round Rock
Transportation and Economic Development Corporation ("TED Corp.") and the Round Rock Chamber of
Commerce("Chamber"), collectively the"Parties".
RECITALS
WHEREAS,the Parties entered into the Agreement on the 24t11 day of September,2015; and
WHEREAS,the Parties entered into the First Amendment on the 22"d day of September, 2016 to
extend the term to December 31,2016; and
WHEREAS, the Parties have determined that it is in their best interest to modify and extend the
term of the Agreement to January 31,2017;
NOW THEREFORE,the Parties agree to amend and modify the Agreement as follows:
I.
1.02 Article V,Term,Section 5.01. Term of Agreement is hereby amended to read as follows:
Section 5.01. Term of Agreement. This Agreement is effective as of October 1, 2015,
and shall expire on January 31, 2017. Regardless of the foregoing, the Parties anticipate
this Agreement to be a long term multi-year relationship among the Parties, subject to
annual renewals thereof.
H.
2.01 To the extent necessary to effect the terms and provisions of this First Amendment, the
Agreement is hereby amended and modified. In all other respects, the aforesaid Agreement is
hereby ratified and confirmed.
2.02 This First Amendment may be executed in counterparts, each of which shall be an
original and all of which together shall constitute buy one and the same instrument.
IN WITNESS WHEREOF, this Agreement is entered into to be effective as of the 15th day of
December,2016
Second Amendment;12-15-16(00368788)
Round Rock Chamber of Commerce
By:
, its
City of Round Rock,Texas
By:
Alan McGraw, Mayor
Attest:
Sara White, City Clerk
For City, approved as to form:
Stephan L. Sheets, City Attorney
Round Rock Transportation and Economic Development Corporation
By:
Alan McGraw, President
For TED Corp., approved as to form:
Stephan L. Sheets,Corporation Attorney
SECOND AMENDMENT
TO THE
ADMINISTRATION AND FUNDING AGREEMENT FOR
THE CITY OF ROUND ROCK ECONOMIC DEVELOPMENT PROGRAM
This Second Amendment ("Second Amendment") is to that one certain Administration and
Funding Agreement for the City of Round Rock Economic Development Program("Agreement') entered
into on the 241 day of September, 2015 by and among the City of Round Rock("City"),the Round Rock
Transportation and Economic Development Corporation ("TED Corp.")and the Round Rock Chamber of
Commerce("Chamber"),collectively the"Parties".
RECITALS
WHEREAS,the Parties entered into the Agreement on the 241 day of September,2015;and
WHEREAS, the Parties entered into the First Amendment on the 22nd day of September, 2016 to
extend the term to December 31,2016;and
WHEREAS, the Parties have determined that it is in their best interest to modify and extend the
term of the Agreement to January 31,2017;
NOW THEREFORE,the Parties agree to amend and modify the Agreement as follows:
I.
1.02 Article V,Term,Section 5.01.Term of Agreement is hereby amended to read as follows:
Section 5.01. Term of Agreement. This Agreement is effective as of October 1, 2015,
and shall expire on January 31, 2017. Regardless of the foregoing, the Parties anticipate
this Agreement to be a long term multi-year relationship among the Parties, subject to
annual renewals thereof.
II.
2.01 To the extent necessary to effect the terms and provisions of this First Amendment, the
Agreement is hereby amended and modified. In all other respects, the aforesaid Agreement is
hereby ratified and confirmed.
2.02 This First Amendment may be executed in counterparts, each of which shall be an
original and all of which together shall constitute buy one and the same instrument.
IN WITNESS WHEREOF, this Agreement is entered into to be effective as of the 15th day of
December,2016
Second Amendment; 12-15-16(00368788)
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Roun oc Cha ber of m ce
By:
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City of Round oc�k,,/T)exas
By: "
Alan McGraw, Mayor
Attest:
Sara White, City Clerk
For C' pproved as to fo
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L-.
StephanL Sheets, City Attorney
Round R k�T/}r'a)nsportation and Economic Development Corporation
By:
Alan McGraw, President
For TED Co p., approved s to form:
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Stephan Sheets, Corporation Attorney