R-01-02-08-9A1 - 2/8/2001 RESOLUTION NO. R-01-02-08-9A1
WHEREAS, the City of Round Rock, on December 30, 1997, entered
into Texas Capital Fund Contract No. 717082 ("Contract" ) with the Texas
Department of Economic Development for infrastructure grant money for
road and waterline construction improvements, and
WHEREAS, the City Council wishes to enter into Amendment No. 1
to the Contract extending the termination date of the Contract to
December 29, 2001, and
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 Amendment No. 1 to Texas Capital Fund Contract No.
718082 with the Texas Department of Economic Development .
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, and the Act .
RESOLVED this 8th day of Feb r ry, 001 .
RO RT A. STLUKA, Mayor
JAT ST: City of Round Rock, Texas
JO "LAAND, City Secretary
K:\WPDOCS\RESOLUTI\R10208A1.WPD/ac
AMENDMENT NO. 1 TO
TEXAS CAPITAL FUND
CONTRACT NO. 717082
TEXAS DEPARTMENT OF ECONOMIC DEVELOPMENT
AND THE
CITY OF ROUND ROCK
STATE OF TEXAS
COUNTY OF TRAVIS
Section 1.
The Texas Department of Economic Development, an agency of the State of Texas, hereinafter referred to as
"Department", and the City of Round Rock, hereinafter referred to as "Contractor", do hereby contract and agree
to amend the Texas Capital Fund contract between the Texas Department of Economic Development and
Contractor, effective December 30, 1997, for the performance of economic development activities. Said
contract is hereby amended as set forth below:
Section 2.
SECTION 2, CONTRACT PERIOD is hereby amended to read as follows:
This contract and agreement shall commence on December 30, 1997, and shall terminate on December
29, 2001, unless otherwise specifically provided by the terms of this contract.
Section 3.
This Amendment is effective on December 30, 1997.
Section 4.
Except as amended herein, the contract effective December 30, 1997, by and between Department and
Contractor shall remain in force and effect throughout its term.
Amendment#1 Page 1 of 2
Contract#717082
This contact amendment is to effective unless signed by the Executive Director of the Texas Department
of Economic Development, or his authorized designee.
WITNESS OUR HANDS:
This amendment is accepted and executed on behalf of he City of Round Rock on this date,
Ro A. Stlu a,Jr.,May r
City of Round Rock
Accepted and executed on behalf of the Texas Department of Economic Development on this date,
eff' s ley, Executive Directo(�!velopment das Department of Economic
Amendment#1
Contract#717082 Page 2 of 2
DATE: February 2, 2001
SUBJECT: City Council Meeting—February 8, 2001
ITEM: 9.A.1. Consider a resolution amending the expiration date of the Texas Capital
Fund Contract No. 717082 between the Texas Department of Economic
Development and the City of Round Rock. This amendment to extend the
expiration date is necessary to complete construction of Park Valley Drive
and for the Round Rock Hospital to meet its contractual obligations with the
City regarding employment of low to moderate-income persons.
Resource: Joe Vining, Planning Director
History: The City entered into a contract with the Texas Department of Economic Development on
December 30, 1997 for Texas Capital Fund infrastructure grant money. The money is being
used for road and waterline construction improvements in support of Columbia St. David's
Healthcare System, a full service hospital and clinic. Extenuating circumstances have
impeded completion of this project. Additionally, in a separate contract between the City
and the hospital, Columbia/St. David's Healthcare System has not met its quota of fifty-one
percent new jobs being filled by low to moderate-income persons. As a result, the Texas
Department of Economic Development has granted a one-year extension of the original
contract to allow time for all outstanding conditions to be met.
Funding:
Cost: $1,012,101
Source of Funds: General Fund: $512,101
Texas Capital Fund: $500,000
Outside Resources: Texas Department of Economic Development
Impact: Cost sharing on a major infrastructure project
Benefit: $500,000 in Texas Capital Fund money
Public Comment: None required.
Sponsor: Planning and Community Development Department