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HomeMy WebLinkAboutCDC/EDC 2025-05-01 Regular Meeting Packet IMPORTANT LEGAL NOTICE: The Corporation may vote and/or act upon each of the items listed in this agenda. The Corporation reserves the right to retire into executive session concerning any of the items listed on this agenda, whenever it is considered necessary and legally justified under the Open Meetings Act. Disabled persons who want to attend this meeting and who may need assistance should contact the City Secretary at 972-924-3325 two working days prior to the meeting so that appropriate arrangements can be made. MEETING AGENDA ANNA COMMUNITY DEVELOPMENT CORPORATION AND ANNA ECONOMIC DEVELOPMENT CORPORATION Thursday, May 1, 2025 @ 6:00 PM The CDC/EDC of the City of Anna will meet on 5/1/2025, at 6:00 PM in the Anna Municipal Complex-Council Chambers, located at 120 W. 7th Street, to consider the following items. 1. Call to Order, Roll Call, and Establishment of Quorum. 2. Invocation and Pledge of Allegiance. 3. Neighbor Comments. Persons may address the Board of Directors on items not on the agenda; please observe the time limit of three (3) minutes. Members of the Board cannot comment on or deliberate statements of the public except as authorized by Section 551.042 of the Texas Government Code. 4. Consent Agenda. a. Approve minutes from the April 3, 2025, Joint Community Development Corporation and Economic Development Corporation Meeting. (CDC) b. Approve minutes from the April 3, 2025, Joint Community Development Corporation and Economic Development Corporation Meeting. (EDC) 5. Individual Consideration. a. Receive a presentation from the Finance Director regarding EDC and CDC financial reports. b. Conduct a Public Hearing and Consider/Discuss/Action on Resolution No. 2025-05-4 to approve the refinancing of a land acquisition loan. (CDC) 6. Director's Report. a. Strategic Plan Update b. Financial Report / Sales Tax Update c. Event Updates / Upcoming Events / Reminders 7. Closed Session. IMPORTANT LEGAL NOTICE: The Corporation may vote and/or act upon each of the items listed in this agenda. The Corporation reserves the right to retire into executive session concerning any of the items listed on this agenda, whenever it is considered necessary and legally justified under the Open Meetings Act. Disabled persons who want to attend this meeting and who may need assistance should contact the City Secretary at 972-924-3325 two working days prior to the meeting so that appropriate arrangements can be made. a. Consult with legal counsel on matters in which the duty of the attorney to the governmental body under the Texas Disciplinary Rules of Professional Conduct of the State Bar of Texas clearly conflicts with Chapter 551 of the Government Code (Tex. Gov’t Code §551.071); Grant program; Lease agreement and professional services contract. b. Deliberate regarding the purchase, exchange, lease or value of real property. (Tex. Gov’t Code §551.072) possible property acquisition; possible land sale/purchase. c. Discuss or deliberate personnel matters: (1) to deliberate the appointment, employment, evaluation, reassignment, duties, discipline, or dismissal of a public officer or employee; or, (2) to hear a complaint or charge against an officer or employee. (Tex. Gov’t Code §551.074). d. Discuss or deliberate Economic Development Negotiations: (1) To discuss or deliberate regarding commercial or financial information that the Board of Directors has received from a business prospect that the Board of Directors seeks to have locate, stay, or expand in or near the territory of the City of Anna and with which the Board is conducting economic development negotiations; or, (2) To deliberate the offer of a financial or other incentive to a business prospect described by subdivision (1). (Tex. Gov’t Code §551.087); potential retail and medical projects. 8. Reconvene into open session and take any action on closed session items. 9. Receive reports from staff or Board Members about items of community interest. 10. Adjourn. This is to certify that I, Natasha Roach, Assistant Director of Economic Development, posted this Agenda on the City's website (www.annatexas.gov) and at the Anna Municipal Complex bulletin board at or before 5:00 p.m. on 4/25/2025. Natasha Roach, Assistant Director of Economic Development Item No. 3. EDC/CDC Agenda Staff Report Meeting Date: 5/1/2025 Staff Contact: AGENDA ITEM: Neighbor Comments. SUMMARY: Persons may address the Board of Directors on items not on the agenda; please observe the time limit of three (3) minutes. Members of the Board cannot comment on or deliberate statements of the public except as authorized by Section 551.042 of the Texas Government Code. STAFF RECOMMENDATION: N/A ATTACHMENTS: Item No. 4.a. EDC/CDC Agenda Staff Report Meeting Date: 5/1/2025 Staff Contact: Salena Tittle AGENDA ITEM: Approve minutes from the April 3, 2025, Joint Community Development Corporation and Economic Development Corporation Meeting. (CDC) SUMMARY: Review and approve the meeting minutes from the April 3, 2025, Joint CDC/EDC Meeting. STAFF RECOMMENDATION: Staff recommends approval. ATTACHMENTS: 1. April 3_2025 CDC EDC Joint Meeting Minutes_Draft Anna Community Development Corporation and Anna Economic Development Corporation Meeting Minutes Thursday, April 3, 2025 @ 6:00 PM The Anna Community Development Corporation and the Anna Economic Development Corporation conducted a joint meeting at 6:00 PM on Thursday, April 3, 2025, at the Anna Municipal Complex in City Council Chambers, located at 120 W. 7th Street, Anna, Texas 75409. A video recording of the open session portions of the meeting may be viewed online at the City of Anna's website: Agenda and Minutes 1. Call to Order, Roll Call, and Establishment of Quorum. The meeting was called to order by Board Vice-President Manny Singh at 6:02 PM. Members Present: Board Vice-President Manny Singh Board Secretary Dwyke Williams Board Member Noah Nylander Board Member Regina Leachman Board Member Rocio Gonzalez Others Present: Director of Economic Development Bernie Parker Assistant Director of Economic Development Natasha Roach Economic Development Manager Salena Tittle City Attorney Clark McCoy Council Member Kelly Patterson-Herndon Absent: Board President Bruce Norwood Board Member Edward Culham 2.Invocation and Pledge of Allegiance. Board Secretary Dwyke Williams led the Invocation and Pledge of Allegiance. 3.Neighbor Comments. Persons may address the Board of Directors on items not on the agenda; please observe the time limit of three (3) minutes. Members of the Board cannot comment on or deliberate statements of the public except as authorized by Section 551.042 of the Texas Government Code. There were none. 4.Consent Agenda. a. Approve minutes from the March 6, 2025, Joint Community Development Corporation and Economic Development Corporation Meeting. (CDC) MOTION: Board Member Dwyke Williams made a motion on behalf of the CDC to approve Consent Agenda Item 4a. Board Member Noah Nylander seconded the motion. In a 5-0 vote, all were in favor. Motion passed. b. Approve minutes from the March 6, 2025, Joint Community Development Corporation and Economic Development Corporation Meeting. (EDC) MOTION: Board Member Regina Leachman made a motion on behalf of the EDC to approve Consent Agenda Item 4b. Board Member Dwyke Williams seconded the motion. In a 5-0 vote, all were in favor. Motion passed. 5.Individual Consideration. There were none. 6.Director's Report. a. Strategic Plan Update Director of Economic Development, Bernie Parker, gave a brief overview of the highlights for the month of March. Those highlights included: Realtor Event, DCEO Awards, Greater Anna Chamber of Commerce Awards Banquet, Coffee & Connections, Anna ISD High School Career Fair, SizeUp Webinar, Chick-fil-A Re-Grand Opening & Ribbon Cutting. No Action Taken b. Financial Report / Sales Tax Update Director of Economic Development, Bernie Parker, presented the Board with updated information on increased sales tax for the month of January 2025, which is up approximately 20% from the previous year. No Action Taken c. Event Updates / Upcoming Events / Reminders Economic Development Manager, Salena Tittle, provided the Board with a couple of reminders: the Mandatory Economic Development 101 Training slated for May 22nd, the Home Depot Grand Opening and Neighborhood Night on April 23rd, Collin McKinney Day on Saturday, April 12th, and shared the April Groundbreaking Newsletter with the Board and reminded them to like, follow, and share the EDC's social media pages in order to continue getting updated information to our local businesses and neighbors. No Action Taken 7.Closed Session. MOTION: Board Member Dwyke Williams made a motion to enter into closed session. Board Vice-President Manny Singh seconded the motion. In a 5-0 vote, all were in favor. Motion passed. The CDC/EDC Board entered into closed session at 6:16 PM. a. Consult with legal counsel on matters in which the duty of the attorney to the governmental body under the Texas Disciplinary Rules of Professional Conduct of the State Bar of Texas clearly conflicts with Chapter 551 of the Government Code (Tex. Gov’t Code §551.071); Grant program; Lease agreement and professional services contract. Pending Contracts. b. Deliberate regarding the purchase, exchange, lease or value of real property. (Tex. Gov’t Code §551.072) possible property acquisition; possible land sale/purchase. c. Discuss or deliberate personnel matters: (1) to deliberate the appointment, employment, evaluation, reassignment, duties, discipline, or dismissal of a public officer or employee; or, (2) to hear a complaint or charge against an officer or employee. (Tex. Gov’t Code §551.074). d. Discuss or deliberate Economic Development Negotiations: (1) To discuss or deliberate regarding commercial or financial information that the Board of Directors has received from a business prospect that the Board of Directors seeks to have locate, stay, or expand in or near the territory of the City of Anna and with which the Board is conducting economic development negotiations; or, (2) To deliberate the offer of a financial or other incentive to a business prospect described by subdivision (1). (Tex. Gov’t Code §551.087); potential retail and medical projects. 8.Reconvene into open session and take any action on closed session items. Board Vice-President Manny Singh called the CDC/EDC Board Meeting back into open session at 6:51 PM. 9.Receive reports from staff or Board Members about items of community interest. There were none. 10.Adjourn. Board Vice-President Manny Singh adjourned the meeting at 6:52 PM. Approved on the 1st day of May, 2025. APPROVED: ATTESTED: __________________________ __________________________ Bruce Norwood Dwyke Williams President of CDC/EDC Secretary of CDC/EDC Item No. 4.b. EDC/CDC Agenda Staff Report Meeting Date: 5/1/2025 Staff Contact: Salena Tittle AGENDA ITEM: Approve minutes from the April 3, 2025, Joint Community Development Corporation and Economic Development Corporation Meeting. (EDC) SUMMARY: Review and approve the meeting minutes from the April 3, 2025, Joint CDC/EDC Meeting. STAFF RECOMMENDATION: Staff recommends approval. ATTACHMENTS: 1. April 3_2025 CDC EDC Joint Meeting Minutes_Draft Anna Community Development Corporation and Anna Economic Development Corporation Meeting Minutes Thursday, April 3, 2025 @ 6:00 PM The Anna Community Development Corporation and the Anna Economic Development Corporation conducted a joint meeting at 6:00 PM on Thursday, April 3, 2025, at the Anna Municipal Complex in City Council Chambers, located at 120 W. 7th Street, Anna, Texas 75409. A video recording of the open session portions of the meeting may be viewed online at the City of Anna's website: Agenda and Minutes 1. Call to Order, Roll Call, and Establishment of Quorum. The meeting was called to order by Board Vice-President Manny Singh at 6:02 PM. Members Present: Board Vice-President Manny Singh Board Secretary Dwyke Williams Board Member Noah Nylander Board Member Regina Leachman Board Member Rocio Gonzalez Others Present: Director of Economic Development Bernie Parker Assistant Director of Economic Development Natasha Roach Economic Development Manager Salena Tittle City Attorney Clark McCoy Council Member Kelly Patterson-Herndon Absent: Board President Bruce Norwood Board Member Edward Culham 2.Invocation and Pledge of Allegiance. Board Secretary Dwyke Williams led the Invocation and Pledge of Allegiance. 3.Neighbor Comments. Persons may address the Board of Directors on items not on the agenda; please observe the time limit of three (3) minutes. Members of the Board cannot comment on or deliberate statements of the public except as authorized by Section 551.042 of the Texas Government Code. There were none. 4.Consent Agenda. a. Approve minutes from the March 6, 2025, Joint Community Development Corporation and Economic Development Corporation Meeting. (CDC) MOTION: Board Member Dwyke Williams made a motion on behalf of the CDC to approve Consent Agenda Item 4a. Board Member Noah Nylander seconded the motion. In a 5-0 vote, all were in favor. Motion passed. b. Approve minutes from the March 6, 2025, Joint Community Development Corporation and Economic Development Corporation Meeting. (EDC) MOTION: Board Member Regina Leachman made a motion on behalf of the EDC to approve Consent Agenda Item 4b. Board Member Dwyke Williams seconded the motion. In a 5-0 vote, all were in favor. Motion passed. 5.Individual Consideration. There were none. 6.Director's Report. a. Strategic Plan Update Director of Economic Development, Bernie Parker, gave a brief overview of the highlights for the month of March. Those highlights included: Realtor Event, DCEO Awards, Greater Anna Chamber of Commerce Awards Banquet, Coffee & Connections, Anna ISD High School Career Fair, SizeUp Webinar, Chick-fil-A Re-Grand Opening & Ribbon Cutting. No Action Taken b. Financial Report / Sales Tax Update Director of Economic Development, Bernie Parker, presented the Board with updated information on increased sales tax for the month of January 2025, which is up approximately 20% from the previous year. No Action Taken c. Event Updates / Upcoming Events / Reminders Economic Development Manager, Salena Tittle, provided the Board with a couple of reminders: the Mandatory Economic Development 101 Training slated for May 22nd, the Home Depot Grand Opening and Neighborhood Night on April 23rd, Collin McKinney Day on Saturday, April 12th, and shared the April Groundbreaking Newsletter with the Board and reminded them to like, follow, and share the EDC's social media pages in order to continue getting updated information to our local businesses and neighbors. No Action Taken 7.Closed Session. MOTION: Board Member Dwyke Williams made a motion to enter into closed session. Board Vice-President Manny Singh seconded the motion. In a 5-0 vote, all were in favor. Motion passed. The CDC/EDC Board entered into closed session at 6:16 PM. a. Consult with legal counsel on matters in which the duty of the attorney to the governmental body under the Texas Disciplinary Rules of Professional Conduct of the State Bar of Texas clearly conflicts with Chapter 551 of the Government Code (Tex. Gov’t Code §551.071); Grant program; Lease agreement and professional services contract. Pending Contracts. b. Deliberate regarding the purchase, exchange, lease or value of real property. (Tex. Gov’t Code §551.072) possible property acquisition; possible land sale/purchase. c. Discuss or deliberate personnel matters: (1) to deliberate the appointment, employment, evaluation, reassignment, duties, discipline, or dismissal of a public officer or employee; or, (2) to hear a complaint or charge against an officer or employee. (Tex. Gov’t Code §551.074). d. Discuss or deliberate Economic Development Negotiations: (1) To discuss or deliberate regarding commercial or financial information that the Board of Directors has received from a business prospect that the Board of Directors seeks to have locate, stay, or expand in or near the territory of the City of Anna and with which the Board is conducting economic development negotiations; or, (2) To deliberate the offer of a financial or other incentive to a business prospect described by subdivision (1). (Tex. Gov’t Code §551.087); potential retail and medical projects. 8.Reconvene into open session and take any action on closed session items. Board Vice-President Manny Singh called the CDC/EDC Board Meeting back into open session at 6:51 PM. 9.Receive reports from staff or Board Members about items of community interest. There were none. 10.Adjourn. Board Vice-President Manny Singh adjourned the meeting at 6:52 PM. Approved on the 1st day of May, 2025. APPROVED: ATTESTED: __________________________ __________________________ Bruce Norwood Dwyke Williams President of CDC/EDC Secretary of CDC/EDC Item No. 5. EDC/CDC Agenda Staff Report Meeting Date: 5/1/2025 Staff Contact: AGENDA ITEM: Individual Consideration. SUMMARY: STAFF RECOMMENDATION: ATTACHMENTS: Item No. 5.a. EDC/CDC Agenda Staff Report Meeting Date: 5/1/2025 Staff Contact: Bernie Parker AGENDA ITEM: Receive a presentation from the Finance Director regarding EDC and CDC financial reports. SUMMARY: The Finance Director, Aimee Ferguson, will provide the Board with a brief presentation and breakdown of financial reporting for the CDC and EDC funds and current loans. STAFF RECOMMENDATION: N/A ATTACHMENTS: Item No. 5.b. EDC/CDC Agenda Staff Report Meeting Date: 5/1/2025 Staff Contact: Bernie Parker AGENDA ITEM: Conduct a Public Hearing and Consider/Discuss/Action on Resolution No. 2025-05-4 to approve the refinancing of a land acquisition loan. (CDC) SUMMARY: Staff is requesting the approval to refinance the current CDC downtown land acquisition loan with Lamar bank, to a tax-exempt loan with Government Capital Corporation. In December 2023, the CDC Board adopted a Resolution approving a loan agreement with Lamar National Bank for land acquisition in the amount of $1,981,000. The acquisition consisted of nine tracts of land within the City of Anna's downtown located between State Highway 5 & S. Riggins Street and W. 7th Street & White Street. Today, EDC staff would like to request approval to refinance that loan to activate downtown development on four of the nine lots in preparation for retail and restaurant commitments. Current payoff amount toward Lamar Bank loan is approximately $1,867,476. STAFF RECOMMENDATION: Staff recommends the Board approve Resolution No. 2025-05-4 allowing the refinancing of the CDC's land acquisition loan. ATTACHMENTS: 1. 2025-05-4 CDC Resolution - Refinancing with Gov Cap ANNA COMMUNITY DEVELOPMENT CORPORATION RESOLUTION NO. 2025-05-4 A RESOLUTION OF THE ANNA COMMUNITY DEVELOPMENT CORPORATION APPROVING AND AUTHORIZING EXECUTION OF AN AGREEMENT WITH GOVERNMENT CAPITAL AND REFINANCING OF A LOAN FOR PURCHASE OF CERTAIN REAL PROPERTY; AND FURTHER AUTHORIZING THE BOARD PRESIDENT TO EXECUTE ALL DOCUMENTS RELATED TO THE REFINANCING SAID LOAN WHEREAS, the Anna Community Development Corporation (the “CDC”) is authorized to pursue projects under Chapter 505 of the Texas Local Government Code and the financing and refinancing of obligations or credit agreements; and WHEREAS, the CDC Board of Directors finds that refinancing the acquisition loan to a tax-exempt loan will further the public interest and welfare and promote new or expanded business development; and NOW THEREFORE, BE IT RESOLVED BY THE ANNA COMMUNITY DEVELOPMENT CORPORATION, THAT: Section 1.Recitals Incorporated The recitals set forth above are incorporated herein for all purposes as if set forth in full. Section 2.Authority to execute refinancing documents and take all other actions necessary The CDC Board of Directors hereby authorize the Board President to execute, on behalf of the CDC, subject to approval of legal form by the CDC’s legal counsel, an agreement with Government Capital and refinancing of a loan for the purchase of real property. PASSED AND APPROVED by the Anna Community Development Corporation on this 1st day of May 2025. APPROVED: _____________________________ Bruce Norwood, CDC President ATTEST: ________________________________ Dwyke Williams, CDC Secretary Item No. 6. EDC/CDC Agenda Staff Report Meeting Date: 5/1/2025 Staff Contact: AGENDA ITEM: Director's Report. SUMMARY: STAFF RECOMMENDATION: ATTACHMENTS: Item No. 6.a. EDC/CDC Agenda Staff Report Meeting Date: 5/1/2025 Staff Contact: Bernie Parker AGENDA ITEM: Strategic Plan Update SUMMARY: Director of Economic Development, Bernie Parker, to give a brief overview of what staff has been working on and future initiatives. STAFF RECOMMENDATION: N/A ATTACHMENTS: 1. April 2025 Strategic Plan Update Economic Development Strategic Plan Highlights April 2025 Director, Bernie Parker, and Assistant Director, Natasha Roach, attended the 2025 Collin County Days in Austin. Director, Bernie Parker, and Assistant Director, Natasha Roach, presented at the McKinney Realtors Association breakfast. Director, Bernie Parker attended the Anna Education Foundation Luncheon. Director, Bernie Parker went back to Austin to testify on Anna’s behalf for HB 4683/SB2297 for the Qualified Hotel Project. EDC staff sponsored and attended the 2025 Dallas Business Journal’s Best Real Estate Deals Awards. Economic Development Manager, Salena Tittle, attended the Greater Anna Chamber of Commerce - Coffee & Connections at Grace Place. EDC staff attended the Home Depot Grand Opening. Measureables April 2025 New Newsle t t er Subscri bers : 1 (2,1 66 t otal) New LinkedI n Fo l lower s : 18 (1,803 tota l ) Busine s s R etention Expa n s io n Co ntac t s: 10 Real Estate Bro ker / Dev elo per Me etings : 1 2 Co nstr u cti on / Arc h itectura l Meeti ng s: 5 New In sta gra m Follow ers: 6 (52 tota l ) New Fa ce book Fo l l owers: 31 (110 to t al) Item No. 6.b. EDC/CDC Agenda Staff Report Meeting Date: 5/1/2025 Staff Contact: Bernie Parker AGENDA ITEM: Financial Report / Sales Tax Update SUMMARY: Director of Economic Development, Bernie Parker, to update the Board on the overall sales tax for the month of February 2025, which is up roughly 9% from the previous year, February 2024. STAFF RECOMMENDATION: N/A ATTACHMENTS: 1. 2025 Monthly Sales Tax Report % Change 2024-25 Collections from 2023-24 Collections Monthly Prior Year Monthly October 780,090$ 19% 655,358$ November 753,401 8% 695,026 December 995,930 30% 768,837 January 682,766 20% 566,981 February 675,214 9% 621,381 March 723,838 April 647,636 May 699,251 June 835,007 July 785,388 August 818,441 September 794,437 3,887,401$ 8,611,581$ Budget: 6,753,000 58% 6,753,100 CITY OF ANNA Schedule of Sales Tax Collections For the month February 28, 2025 $0 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 Monthly Sales Tax Collections: 3 Year Comparison FY2022-23 FY2023-24 FY2024-25 Item No. 6.c. EDC/CDC Agenda Staff Report Meeting Date: 5/1/2025 Staff Contact: Salena Tittle AGENDA ITEM: Event Updates / Upcoming Events / Reminders SUMMARY: Home Depot Neighborhood Night Update: Home Depot hosted a Grand Opening Neighborhood Night for Anna residents on Wednesday, April 23rd. The celebration began with opening remarks, board cutting, refreshments, workshops, and more. A great time was had by all. Economic Development 101 Training: Staff will be hosting a Mandatory Economic Development 101 training course for our Board Members on Thursday, May 22nd in the Skyview Conference Room on the 2nd floor. National Small Business Week: On Tuesday, April 22nd, Mayor Pete Cain proclaimed May 4, 2025 - May 10, 2025 as National Small Business Week here in Anna. This is a time that we recognize, celebrate, and support our local small businesses and their contributions to our amazing community. STAFF RECOMMENDATION: N/A ATTACHMENTS: Item No. 7. EDC/CDC Agenda Staff Report Meeting Date: 5/1/2025 Staff Contact: AGENDA ITEM: Closed Session. SUMMARY: STAFF RECOMMENDATION: ATTACHMENTS: Item No. 7.a. EDC/CDC Agenda Staff Report Meeting Date: 5/1/2025 Staff Contact: AGENDA ITEM: Consult with legal counsel on matters in which the duty of the attorney to the governmental body under the Texas Disciplinary Rules of Professional Conduct of the State Bar of Texas clearly conflicts with Chapter 551 of the Government Code (Tex. Gov’t Code §551.071); Grant program; Lease agreement and professional services contract. SUMMARY: Closed session deliberation. STAFF RECOMMENDATION: N/A ATTACHMENTS: Item No. 7.b. EDC/CDC Agenda Staff Report Meeting Date: 5/1/2025 Staff Contact: AGENDA ITEM: Deliberate regarding the purchase, exchange, lease or value of real property. (Tex. Gov’t Code §551.072) possible property acquisition; possible land sale/purchase. SUMMARY: Closed session deliberation. STAFF RECOMMENDATION: N/A ATTACHMENTS: Item No. 7.c. EDC/CDC Agenda Staff Report Meeting Date: 5/1/2025 Staff Contact: AGENDA ITEM: Discuss or deliberate personnel matters: (1) to deliberate the appointment, employment, evaluation, reassignment, duties, discipline, or dismissal of a public officer or employee; or, (2) to hear a complaint or charge against an officer or employee. (Tex. Gov’t Code §551.074). SUMMARY: Closed session deliberation. STAFF RECOMMENDATION: N/A ATTACHMENTS: Item No. 7.d. EDC/CDC Agenda Staff Report Meeting Date: 5/1/2025 Staff Contact: AGENDA ITEM: Discuss or deliberate Economic Development Negotiations: (1) To discuss or deliberate regarding commercial or financial information that the Board of Directors has received from a business prospect that the Board of Directors seeks to have locate, stay, or expand in or near the territory of the City of Anna and with which the Board is conducting economic development negotiations; or, (2) To deliberate the offer of a financial or other incentive to a business prospect described by subdivision (1). (Tex. Gov’t Code §551.087); potential retail and medical projects. SUMMARY: Closed session deliberation. STAFF RECOMMENDATION: N/A ATTACHMENTS: Item No. 8. EDC/CDC Agenda Staff Report Meeting Date: 5/1/2025 Staff Contact: AGENDA ITEM: Reconvene into open session and take any action on closed session items. SUMMARY: STAFF RECOMMENDATION: ATTACHMENTS: Item No. 10. EDC/CDC Agenda Staff Report Meeting Date: 5/1/2025 Staff Contact: AGENDA ITEM: Adjourn. SUMMARY: STAFF RECOMMENDATION: ATTACHMENTS: