HomeMy WebLinkAbout11-13-2025 CDC/EDC Joint Meeting Packet w/City Council
JOINT MEETING AGENDA
ANNA COMMUNITY DEVELOPMENT CORPORATION
AND
ANNA ECONOMIC DEVELOPMENT CORPORATION
AND
CITY COUNCIL
Thursday, November 13, 2025 @ 6:00 PM
The CDC/EDC of the City of Anna will meet on Thursday, November 13, 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. a. Mayor Cain to call the City Council meeting to order.
b. Board President Bruce Norwood to call the EDC/CDC Board meeting to order.
2. Invocation and Pledge of Allegiance.
American Pledge: I pledge allegiance to the flag of the United States of America, and to
the republic for which it stands, one nation under God, indivisible and justice for all.
Texas Pledge: Honor the Texas flag; I pledge allegiance to thee, Texas, one state under
God, one and indivisible.
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 October 2, 2025, Joint Community Development
Corporation and Economic Development Corporation Meeting. (CDC) b. Approve minutes from the October 2, 2025, Joint Community Development
Corporation and Economic Development Corporation Meeting. (EDC)
5. Items For Individual Consideration.
a. Consider/Discuss/Action on Resolution No. 2025-11-15 to approve a Joinder
and Amendment to the Economic Development Incentive Agreement between
Anna Economic Development Corporation, Foursquare Healthcare, LTD and
Anna RE Development, LLC. (EDC) b. Consider/Discuss/Action on Amending Resolution No. 2025-08-10 for the
demolition of downtown structures. (CDC)
c. Consider/Discuss/Action on a Resolution of the Board of Directors of the Anna
Community Development Corporation authorizing a new economic development
project, the issuance of one or more promissory notes to pay the costs of a
project, and other matters incident and related thereto for a project not to
exceed $6,191,500. (CDC)
d. Consider/Discuss/Action on a recommendation to cancel the December 4,
2025, CDC/EDC Joint Board Meeting. e. Consider/Discuss/Action on a recommendation to conduct the December
CDC/EDC Joint Board Meeting on Thursday, December 11, 2025, at 6:00 p.m.
in Council Chambers of the Municipal Complex located at 120 W. 7th Street.
f. Consider/Discuss/Action on a recommendation to cancel the January 1, 2026,
CDC/EDC Joint Board Meeting. g. Consider/Discuss/Action on a recommendation to conduct the January
CDC/EDC Joint Board Meeting on Thursday, January 8, 2026, at 6:00 p.m. in
Council Chambers of the Municipal Complex located at 120 W. 7th Street.
6. Director's Report. a. Strategic Plan Update
b. Financial Report / Sales Tax Update c. Event Updates / Upcoming Events / Reminders
7. Closed Session. 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. Future brokerage and real
estate agreements. 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, Joey Grisham, 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 11/07/2025.
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.
In accordance with the Americans with Disabilities Act, it is the policy of the City of Anna to offer its public programs,
services, and meetings in a manner that is readily accessible to everyone, including individuals with disabilities. If you are a
person with a disability and require information or materials in an appropriate alternative format, or if you require any other
accommodation, please contact the ADA Coordinator at least 48 working hours in advance of the event by emailing
adacompliance@annatexas.gov. Advance notification within this guideline will enable the City to make reasonable
arrangements to ensure accessibility.
Item No. 1.a.
EDC/CDC Agenda
Staff Report
Meeting Date: 11/13/2025
Staff Contact:
AGENDA ITEM:
Mayor Cain to call the City Council meeting to order.
SUMMARY:
STAFF RECOMMENDATION:
ATTACHMENTS:
Item No. 1.b.
EDC/CDC Agenda
Staff Report
Meeting Date: 11/13/2025
Staff Contact:
AGENDA ITEM:
Board President Bruce Norwood to call the EDC/CDC Board meeting to order.
SUMMARY:
STAFF RECOMMENDATION:
ATTACHMENTS:
Item No. 3.
EDC/CDC Agenda
Staff Report
Meeting Date: 11/13/2025
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:
ATTACHMENTS:
Item No. 4.a.
EDC/CDC Agenda
Staff Report
Meeting Date: 11/13/2025
Staff Contact: Salena Tittle
AGENDA ITEM:
Approve minutes from the October 2, 2025, Joint Community Development Corporation
and Economic Development Corporation Meeting. (CDC)
SUMMARY:
Review and approve the meeting minutes from the October 2, 2025, Joint CDC/EDC
Meeting.
STAFF RECOMMENDATION:
Staff recommends approval.
ATTACHMENTS:
1. October 2_2025 CDC EDC Joint Meeting Minutes_Draft
Anna Community Development Corporation and
Anna Economic Development Corporation Meeting Minutes
Thursday, October 2, 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, October 2, 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 President Bruce Norwood at 6:00 PM.
Members Present:
Board President Bruce Norwood
Board Vice-President Manny Singh
Board Secretary Dwyke Williams
Board Member Rocio Gonzalez
Board Member Edward Culham
Board Member Regina Leachman (arrived at 6:19 PM)
Others Present:
Director of Economic Development Joey Grisham
Assistant Director Natasha Roach
Economic Development Manager Salena Tittle
City Attorney Clark McCoy
Council Member Stan Carver
Absent:
Board Member Noah Nylander
2. Invocation and Pledge of Allegiance.
Board Secretary Dwyke Williams led the Invocation.
Board Member Edward Culham led Pledge of Allegiance.
Board Vice-President Manny Singh led the Texas Pledge.
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.
Consent Agenda.
a. Approve minutes from the September 4, 2025, Joint Community Development
Corporation and Economic Development Corporation Meeting. (CDC)
b. Approve minutes from the September 4, 2025, Joint Community Development
Corporation and Economic Development Corporation Meeting. (EDC)
MOTION: Board Member Rocio Gonzalez made a motion on behalf of the
CDC and EDC to approve Consent Agenda Items, 4a & 4b. Board Member
Edward Culham seconded the motion. In a 6-0 vote, all were in favor.
Motion passed.
Individual Consideration.
a. Consider/Discuss/Action to approve Resolution No. 2025-10-14 for an Incentive
Agreement between Anna Economic Development Corporation and Foursquare
Healthcare, LTD., for qualifying site improvements to a property for a skilled
nursing facility up to $800,000.00. (EDC)
MOTION: Board President Bruce Norwood made a motion on behalf of the
EDC to approve Resolution No. 2025-10-14 for an Incentive Agreement
between the Anna Economic Development Corporation and Foursquare
Healthcare, LTD., for qualifying site improvements to a property for a
skilled nursing facility up to $800,000.00. Board Secretary Dwyke Williams
seconded the motion. In a 6-0 vote, all were in favor. Motion passed.
Board Member Regina Leachman arrived at 6:19 PM during this item.
MOTION: Board Member Edward Culham made a motion on behalf of the
CDC & EDC to approve Resolution No. 2025-10-13 approving and adopting
the 2025 Community Development and Economic Development Strategic
Plan. Board Secretary Dwyke Williams seconded the motion. In a 7-0 vote,
all were in favor. Motion passed.
6. Director's Report.
Strategic Plan Update
Economic Development Manager, Salena Tittle, gave a brief overview of the
highlights for the month of September. Those highlights included: Grand
Opening and Ribbon Cuttings, Coffee & Connections, Kroger Marketplace
Groundbreaking Ceremony, TXEDC Investor Summit, Downtown collaborations
& feedback, Dallas Meetup, and Webinars .
No Action Taken
b. Financial Report / Sales Tax Update
Director of Economic Development, Joey Grisham, presented the Board with
updated information on increased sales tax & CDC sales tax for the month of
July 2025, which is up approximately 4% from the previous year.
No Action Taken
c. Event Updates / Upcoming Events / Reminders
Economic Development Manager, Salena Tittle, provided an update on the
Kroger Marketplace Groundbreaking Ceremony and reminded the Board of a
couple of items: the upcoming TEDC Sales Tax Workshop which is scheduled
for October 17th and that the November meeting was moved to November 13th.
Mrs. Tittle also reminded the Board to like, follow, and share the EDC's social
media pages in order to continue getting the most up to date information to our
local businesses and neighbors.
No Action Taken
7. Closed Session.
MOTION: Board President Bruce Norwood made a motion to enter into
closed session. Board Secretary Dwyke Williams seconded the motion. In a
7-0 vote, all were in favor. Motion passed.
The CDC/EDC Board entered into closed session at 6:43 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 President Bruce Norwood called the CDC/EDC Board Meeting back into
open session at 8:10 PM.
9. Receive reports from staff or Board Members about items of community interest.
There were none.
Adjourn.
Board President Bruce Norwood adjourned the meeting at 8:10 PM.
Approved on the 13th day of November, 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: 11/13/2025
Staff Contact: Salena Tittle
AGENDA ITEM:
Approve minutes from the October 2, 2025, Joint Community Development Corporation
and Economic Development Corporation Meeting. (EDC)
SUMMARY:
Review and approve the meeting minutes from the October 2, 2025, Joint CDC/EDC
Meeting.
STAFF RECOMMENDATION:
Staff recommends approval.
ATTACHMENTS:
1. October 2_2025 CDC EDC Joint Meeting Minutes_Draft
Anna Community Development Corporation and
Anna Economic Development Corporation Meeting Minutes
Thursday, October 2, 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, October 2, 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 President Bruce Norwood at 6:00 PM.
Members Present:
Board President Bruce Norwood
Board Vice-President Manny Singh
Board Secretary Dwyke Williams
Board Member Rocio Gonzalez
Board Member Edward Culham
Board Member Regina Leachman (arrived at 6:19 PM)
Others Present:
Director of Economic Development Joey Grisham
Assistant Director Natasha Roach
Economic Development Manager Salena Tittle
City Attorney Clark McCoy
Council Member Stan Carver
Absent:
Board Member Noah Nylander
2. Invocation and Pledge of Allegiance.
Board Secretary Dwyke Williams led the Invocation.
Board Member Edward Culham led Pledge of Allegiance.
Board Vice-President Manny Singh led the Texas Pledge.
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.
Consent Agenda.
a. Approve minutes from the September 4, 2025, Joint Community Development
Corporation and Economic Development Corporation Meeting. (CDC)
b. Approve minutes from the September 4, 2025, Joint Community Development
Corporation and Economic Development Corporation Meeting. (EDC)
MOTION: Board Member Rocio Gonzalez made a motion on behalf of the
CDC and EDC to approve Consent Agenda Items, 4a & 4b. Board Member
Edward Culham seconded the motion. In a 6-0 vote, all were in favor.
Motion passed.
Individual Consideration.
a. Consider/Discuss/Action to approve Resolution No. 2025-10-14 for an Incentive
Agreement between Anna Economic Development Corporation and Foursquare
Healthcare, LTD., for qualifying site improvements to a property for a skilled
nursing facility up to $800,000.00. (EDC)
MOTION: Board President Bruce Norwood made a motion on behalf of the
EDC to approve Resolution No. 2025-10-14 for an Incentive Agreement
between the Anna Economic Development Corporation and Foursquare
Healthcare, LTD., for qualifying site improvements to a property for a
skilled nursing facility up to $800,000.00. Board Secretary Dwyke Williams
seconded the motion. In a 6-0 vote, all were in favor. Motion passed.
Board Member Regina Leachman arrived at 6:19 PM during this item.
MOTION: Board Member Edward Culham made a motion on behalf of the
CDC & EDC to approve Resolution No. 2025-10-13 approving and adopting
the 2025 Community Development and Economic Development Strategic
Plan. Board Secretary Dwyke Williams seconded the motion. In a 7-0 vote,
all were in favor. Motion passed.
6. Director's Report.
Strategic Plan Update
Economic Development Manager, Salena Tittle, gave a brief overview of the
highlights for the month of September. Those highlights included: Grand
Opening and Ribbon Cuttings, Coffee & Connections, Kroger Marketplace
Groundbreaking Ceremony, TXEDC Investor Summit, Downtown collaborations
& feedback, Dallas Meetup, and Webinars .
No Action Taken
b. Financial Report / Sales Tax Update
Director of Economic Development, Joey Grisham, presented the Board with
updated information on increased sales tax & CDC sales tax for the month of
July 2025, which is up approximately 4% from the previous year.
No Action Taken
c. Event Updates / Upcoming Events / Reminders
Economic Development Manager, Salena Tittle, provided an update on the
Kroger Marketplace Groundbreaking Ceremony and reminded the Board of a
couple of items: the upcoming TEDC Sales Tax Workshop which is scheduled
for October 17th and that the November meeting was moved to November 13th.
Mrs. Tittle also reminded the Board to like, follow, and share the EDC's social
media pages in order to continue getting the most up to date information to our
local businesses and neighbors.
No Action Taken
7. Closed Session.
MOTION: Board President Bruce Norwood made a motion to enter into
closed session. Board Secretary Dwyke Williams seconded the motion. In a
7-0 vote, all were in favor. Motion passed.
The CDC/EDC Board entered into closed session at 6:43 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 President Bruce Norwood called the CDC/EDC Board Meeting back into
open session at 8:10 PM.
9. Receive reports from staff or Board Members about items of community interest.
There were none.
Adjourn.
Board President Bruce Norwood adjourned the meeting at 8:10 PM.
Approved on the 13th day of November, 2025.
APPROVED: ATTESTED:
__________________________ __________________________
Bruce Norwood Dwyke Williams
President of CDC/EDC Secretary of CDC/EDC
Item No. 5.a.
EDC/CDC Agenda
Staff Report
Meeting Date: 11/13/2025
Staff Contact: Natasha Roach
AGENDA ITEM:
Consider/Discuss/Action on Resolution No. 2025-11-15 to approve a Joinder and
Amendment to the Economic Development Incentive Agreement between Anna
Economic Development Corporation, Foursquare Healthcare, LTD and Anna RE
Development, LLC. (EDC)
SUMMARY:
The Economic Incentive Agreement between Foursquare Healthcare, Ltd and Anna
Economic Development Corporation was approved on October 2, 2025. Shortly after
that, the developer created a separate entity under the parent company to purchase the
land. That new entity is Anna RE Development, LLC. ("New Owner")
Now, the EDC and Foursquare Healthcare wish to add Anna RE Development,
LLC ("New Owner") as a party to that development. The Joinder Agreement hereby
acknowledges that all parties agree as follows:
1. Joinder and Assumption. New Owner hereby joins in, assumes, and agrees to be
bound by all of the terms and conditions of the Agreement, as amended, and shall be
jointly and severally liable, along with Foursquare, for all obligations thereunder.
2. Acknowledgment of Agreement Obligation. The EDC and Foursquare hereby
acknowledge, accept, and agree to the joinder of New Owner, and hereby confirm,
agree and accept this Joinder and Amendment and all provisions hereof.
3. Representations and Warranties. New Owner represents and warrants to EDC and
Foursquare that:
a. It has full legal power and authority to execute and deliver this Joinder and
Amendment;
b. This Joinder and Amendment has been duly authorized and executed; and
c. This Joinder and Amendment constitutes a valid and binding obligation
enforceable against it.
4. Amendment. The Agreement incorrectly states that the Development Agreement
was effective September 23, 2025. The Agreement is hereby amended to state that the
Development Agreement was effective September 12, 2025.
5. No Waiver. Nothing in this Joinder and Amendment shall be construed as a release
or waiver of any obligations of Foursquare under the Agreement.
6. Governing Law. This Joinder and Amendment shall be governed by the laws of the
State of Texas.
STAFF RECOMMENDATION:
Staff recommends approval of the Resolution of the Joinder and Amendment to the
Incentive Agreement.
ATTACHMENTS:
1. 2025-10-15 EDC Resolution - Joinder and Amendment Agreement
2. Exhibit 1 - Joinder Agreement to the Incentive Agreement-Final
ANNA ECONOMIC DEVELOPMENT CORPORATION
ECONOMIC DEVELOPMENT CORPORATION
APPROVING A JOINDER AND AMENDMENT TO ECONOMIC DEVELOPMENT
INCENTIVE AGREEMENT WITH ANNA RE DEVELOPMENT, LLC RELATING TO THE
ANNA SKILLED NURSING PROJECT
, the Anna Economic Development Corporation (the “EDC”) and Foursquare
Healthcare, Ltd. (“Foursquare”) are parties to that certain Economic Development Incentive
Agreement made and entered into as of October 2, 2025 (the “Incentive Agreement”); and
, Anna RE Development, LLC is the owner of a tract of real property that is the
subject of the Incentive Agreement; and
, the EDC and Foursquare wish to add Anna RE Development, LLC to the
Incentive Agreement and to include Anna RE Development, LLC as a party under, pursuant
to, and in accordance with all of the terms and provisions of the Incentive Agreement.
Section 1. Recitals Incorporated.
The recitals above are incorporated herein as if set forth in full for all purposes.
Section 2. Approval
The EDC hereby approves the Joinder and Amendment to Economic Development
Incentive Agreement between and among the EDC, Foursquare, and Anna RE
Development, LLC (the “Joinder”) attached hereto as Exhibit 1 and ratifies and approves
the EDC’s president or vice president execution of the same. The EDC’s president or vice
president is hereby authorized to execute all documents and take all other actions
necessary to finalize, act under and enforce the Agreement.
by the Board of Directors of the Anna Economic Development Corporation on
this 13th day of November 2025.
APPROVED:
_____________________________
Bruce Norwood, EDC President
ATTEST:
________________________________
Dwyke Williams, EDC Secretary
JOINDER AND AMENDMENT TO ECONOMIC DEVELOPMENT INCENTIVE
AGREEMENT
This JOINDER AND AMENDMENT TO ECONOMIC DEVELOPMENT INCENTIVE
AGREEMENT (this “Joinder and Amendment”), is entered effective as of November 6, 2025 by and
among Anna Economic Development Corporation (the “EDC”), Foursquare Healthcare, Ltd., a Texas
limited partnership ( “Foursquare”) and Anna RE Development, LLC, a Texas limited liability company
( “New Owner”).
WITNESSETH THAT:
WHEREAS, EDC and Foursquare had previously entered into that certain Economic
Development Incentive Agreement dated as of October 2, 2025 (the “Agreement”);
WHEREAS, City of Anna, Texas, a Texas home-rule municipality (the “City”) and
Foursquare entered into that certain Development Agreement effective as of September 12, 2025
(the “Development Agreement”), a copy of which is attached as Exhibit 1 of the Agreement;
WHEREAS, New Owner is the owner of a tract of real property described in Exhibit A and
depicted on Exhibit B (the “Property”) of the Development Agreement; and
WHEREAS, EDC and Foursquare wish to add New Owner to the Agreement and to include
New Owner as a party under, pursuant to, and in accordance with all of the terms and provisions of the
Agreement including but not limited the amendment set forth in this.
NOW, THEREFORE, in consideration of the foregoing and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as
follows:
1. Joinder and Assumption. New Owner hereby joins in, assumes, and agrees to be bound by
all of the terms and conditions of the Agreement, as amended, and shall be jointly and
severally liable, along with Foursquare, for all obligations thereunder.
2. Acknowledgment of Agreement Obligation. The EDC and Foursquare hereby
acknowledge, accept, and agree to the joinder of New Owner, and hereby confirm, agree
and accept this Joinder and Amendment and all provisions hereof.
3. Representations and Warranties. New Owner represents and warrants to EDC and
Foursquare that:
a. It has full legal power and authority to execute and deliver this Joinder and
Amendment;
b. This Joinder and Amendment has been duly authorized and executed; and
c. This Joinder and Amendment constitutes a valid and binding obligation enforceable
against it.
4. Amendment. The Agreement incorrectly states that the Development Agreement was
effective September 23, 2025. The Agreement is hereby amended to state that the
Development Agreement was effective September 12, 2025.
5. No Waiver. Nothing in this Joinder and Amendment shall be construed as a release or
waiver of any obligations of Foursquare under the Agreement.
6. Governing Law. This Joinder and Amendment shall be governed by the laws of the State
of Texas.
[Signatures on following page]
IN WITNESS WHEREOF, the undersigned have executed this Joinder and Amendment as of
the date set forth above.
EDC:
ANNA ECONOMIC DEVELOPMENT CORPORATION
By: _________________________
Bruce Norwood, President
IN WITNESS WHEREOF:
STATE OF TEXAS §
§
COUNTY OF COLLIN §
Before me, the undersigned notary public, on the 13th day of November 2025, appeared Bruce
Norwood, known to me (or proved to me) to be the person whose name is subscribed to the
foregoing instrument, and acknowledged to me that he executed the same in his capacity as
President of Anna Economic Development Corporation.
_______________________________
Notary Public, State of Texas
Item No. 5.b.
EDC/CDC Agenda
Staff Report
Meeting Date: 11/13/2025
Staff Contact: Natasha Roach
AGENDA ITEM:
Consider/Discuss/Action on Amending Resolution No. 2025-08-10 for the demolition of
downtown structures. (CDC)
SUMMARY:
At the August 7th meeting, the Board held a Public Hearing and approved Resolution
No. 2025-08-10 authorizing an expenditure not to exceed $100,000 for the demolition of
structures which are located on the downtown CDC-owned properties.
As part of acquiring a demolition permit with the city, we were required to do an
asbestos test before demolition could begin. This was an unforeseen expense that was
not included in the original not to exceed amount. The test came back stating that there
was asbestos present in the structures and therefore, we were required to file the
paperwork with the state and go through the remediation process for removal.
The total cost for the asbestos testing, filing and removal was $41,829.16. While the
demolition costs came in under the $100,000 amount, the addition of the asbestos fees
put us over the approved amount by $28,904.16.
Therefore, we are requesting approval of an amendment to the previously approved
resolution to a total expenditure amount of $128,904.16.
STAFF RECOMMENDATION:
Staff recommends approval of Resolution No. 2025-11-16 to amend the previously
approved resolution for the demolition of downtown CDC-owned structures.
ATTACHMENTS:
1. 2025-11-16 CDC Resolution - Amendment to Res No 2025-08-10 (Demos)
ANNA COMMUNITY DEVELOPMENT CORPORATION
on August 7, 2025, the Anna Community Development Corporation (the
“CDC”) adopted Resolution No. 2025-08-10 authorizing an expenditure not to exceed
$100,000 for contract services related to the removal and demolition of structures
located on downtown CDC-owned properties; and
unexpected asbestos amelioration became necessary to complete said
services increasing the total cost of services to $128,904.16 and the CDC Board of
Directors finds that increasing the not-to-exceed amount for said services in this project
will promote new or expanded business development in the City of Anna, Texas; and
Section 1. Recitals Incorporated
The recitals set forth above are incorporated herein for all purposes as if set forth in full.
Section 2. Approval of Funding
The CDC Board of Directors hereby amends Resolution No. 2025-08-10 to the extent
necessary to authorize the CDC Board President and the City of Anna’s Director of
Economic Development, or their designees, to pay the vendor who performed the
above-referenced removal/demolition services a total of $128,904.16 for all services
performed.
PASSED AND APPROVED by the Anna Community Development Corporation on this
13th day of November 2025.
APPROVED:
_____________________________
Bruce Norwood, CDC President
ATTEST:
________________________________
Dwyke Williams, CDC Secretary
Item No. 5.c.
EDC/CDC Agenda
Staff Report
Meeting Date: 11/13/2025
Staff Contact: Joey Grisham
AGENDA ITEM:
Consider/Discuss/Action on a Resolution of the Board of Directors of the Anna
Community Development Corporation authorizing a new economic development project,
the issuance of one or more promissory notes to pay the costs of a project, and other
matters incident and related thereto for a project not to exceed $6,191,500. (CDC)
SUMMARY:
Staff has been working with Government Capital on financing for other real estate
acquisitions near the intersection of SH 5 and FM 455. This resolution allows us to
continue and move forward with additional property.
STAFF RECOMMENDATION:
Staff recommends that the Board approve the Resolution.
ATTACHMENTS:
1. (05) Anna CDC Series C - Resolution of Corporation-1 MA
2. Anna CDC Financing Proposal - $6.1M Taxable Land Purchase - NBQ -
20251022
CDC Resolution Authorizing Financing (Series C)
CERTIFICATE FOR RESOLUTION
RESOLUTION OF THE BOARD OF DIRECTORS OF THE ANNA
COMMUNITY DEVELOPMENT CORPORATION AUTHORIZING A
NEW ECONOMIC DEVELOPMENT PROJECT; AUTHORIZING THE
ISSUANCE OF ONE OR MORE PROMISSORY NOTES TO PAY THE
COSTS OF A PROJECT; AND OTHER MATTERS INCIDENT AND
RELATED THERETO.
Aye"
except as shown below.
CDC Resolution Authorizing Financing (Series C)
minutes of said Meeting pertaining to the adoption of said Resolution; that the persons named in
the above and foregoing paragraph are the duly chosen, qualified and acting officers and members
of said Board of Directors as indicated therein; that each of the officers and members of said Board
of Directors was duly and sufficiently notified officially and personally, in advance, of the time,
place and purpose of the aforesaid Meeting, and that said Resolution would be introduced and
considered for adoption at said Meeting, and each of said officers and members consented, in
advance, to the holding of said Meeting for such purpose, and that said Meeting was open to the
public and public notice of the time, place and purpose of said Meeting was given, all as required
by Chapter 551, Texas Government Code.
CDC Resolution Authorizing Financing (Series C)
Signed on ____ day of _____________, 2025.
CDC Resolution Authorizing Financing (Series C)
RESOLUTION OF THE BOARD OF DIRECTORS OF THE ANNA
COMMUNITY DEVELOPMENT CORPORATION; AUTHORIZING THE
ISSUANCE OF ONE OR MORE PROMISSORY NOTES TO PAY THE
COSTS OF A PROJECT; AND OTHER MATTERS INCIDENT AND
RELATED THERETO
WHEREAS, Anna Community Development Corporation (the “Corporation”) is a
nonprofit economic development corporation duly established and created pursuant to Chapters
501, 502 and 505, Local Government Code, as amended (formerly Section 4B of the Development
Corporation Act of 1979, Article 5190.6, Texas Revised Civil Statutes Annotated, as amended),
(the “Act”) by the City of Anna, Texas (the “City”); and
WHEREAS, the Corporation is authorized to undertake projects as set forth under the Act,
to issue indebtedness to pay the costs of such projects and to pledge the proceeds of the
Corporations economic development sales and use tax to secure such indebtedness; and
WHEREAS, the Board has previously determined that it is advisable to undertake the
purchase of real property in the City which will promote new or expanded business development
in the City (the “Project”) and to finance the Project with proceeds of a loan; and
WHEREAS, the Corporation proposes to enter into a Loan Agreement (as amended,
restated, supplemented and/or otherwise modified, the “Loan Agreement”) with Government
Capital Corporation, as lender (“Lender”), to enable the Corporation to pay the costs of the Project,
and as security for the payment of the principal of and interest thereon, the Corporation has agreed
to pledge its economic development sales and use taxes. The Loan shall be evidenced by a taxable
promissory note issued by the Corporation in the principal amount not to exceed $6,191,500 (the
“Note”). All capitalized terms used herein, but not otherwise defined herein, shall have the
meaning ascribed to such term in the Loan Agreement.
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
THE ANNA COMMUNITY DEVELOPMENT CORPORATION AS FOLLOWS:
Section 1. The recitals set forth in the Preamble are incorporated into this resolution for
all purposes.
Section 2. The Project is approved.
Section 3. The Board of Directors agrees to enter into the Loan Agreement, a sales tax
remittance agreement with the City (the “Sales Tax Remittance Agreement”) and issue the Note to
finance the costs of the Project. The Note will be issued in the principal amount set forth in the
recitals hereto at an interest rate consistent with the form of the Note considered concurrently with
this Resolution and, in order to secure the principal and interest on the Note, the Corporation will
pledge the proceeds of the economic development sales and use taxes collected on behalf of the
Corporation on an equal and ratable basis. The Authorized Officers of the Corporation, as defined
below, are hereby severally authorized to determine the final terms of the financing which are not
inconsistent with this Resolution.
CDC Resolution Authorizing Financing (Series C)
Section 4. That any one or more of the Authorized Officers of the Corporation listed in
Section 5 below be, and each of them hereby is, authorized to execute, acknowledge and deliver
in the name and on behalf of the Corporation to the Lender the Loan Agreement, including all
attachments and exhibits thereto, the Note and the Sales Tax Remittance Agreement. The Loan
Agreement, the Note and the Sales Tax Remittance Agreement shall contain such final terms and
be in such form as the signing officer shall determine to be advisable and consistent with the terms
set forth in this Resolution. Further, said Authorized Officers are authorized to execute,
acknowledge and deliver in the name and on behalf of the Corporation any other agreement,
instrument, certificate, representation and document, and to take any other action as may be
advisable, convenient or necessary to enter into such Loan Agreement, the Note and the Sales Tax
Remittance Agreement; the execution thereof by any such Authorized Officer shall be conclusive
as to such determination..
Section 5. That for the purpose of this resolution, the following persons, or the persons
holding the following positions, are “Authorized Officers” duly authorized to enter into the
transaction contemplated by this resolution in the name and on behalf of Borrower:
Name Title
Section 6. That this Resolution shall take effect immediately.
CDC Resolution Authorizing Financing (Series C)
PASSED AND ADOPTED this ___ day of __________________, 2025.
ANNA COMMUNITY DEVELOPMENT
CORPORATION
ATTEST:
Financing Proposal
Prepared For
Anna Economic Development Corporation
October 22, 2025
Submitted By
Government Capital Corporation
345 Miron Drive
Southlake, Texas 76092
Matt Sullivan
Municipal Finance Specialist | Client Services
(817) 722-0212
Table of Contents
Corporate Overview 3
Representative Experience 3
Partial Listing of Texas EDC Clients 4
Proposal Summary 5-7
Special Tax Counsel 8
Corporate Overview
Government Capital Corporation (GCC) was founded in 1992 with the exclusive purpose of providing financing for state and local
governmental entities including cities, schools, counties, special districts, and their component units. Since our inception, GCC and
its affiliates have provided financing solutions exceeding $6 billion for many different types of projects. Although we serve clients
in all 50 states, one of our primary areas of focus is serving Texas economic development entities of all types. We have provided
financing structures for a wide variety of projects including construction, land acquisition, infrastructure improvements, public
works projects, and the refunding of existing obligations. Our team possesses extensive experience assisting Type A and Type B
economic development corporations, community development corporations, and municipal development districts in creating,
evaluating and implementing financing structures of every type authorized by Texas law. In many cases, we have helped our clients
adapt to and comply with regulatory changes enabling them to execute financings more rapidly, efficiently, and economically.
Representative Experience
Palestine Type B Economic Development Corporation
Government Capital Corporation recently provided financing for the Palestine Type B EDC to fund a project to upgrade their fiber
broadband services to businesses and residents citywide. This project has improved the overall quality of life for the entire
community and promotes continued business growth.
Little Elm Type A Economic Development Corporation
Government Capital Corporation has partnered with the Little Elm EDC on multiple projects since 2011. Most recently, GCC
provided funding for the EDC’s contribution to a public-private partnership which resulted in a 36,000 square foot social
entertainment facility for the city. The venue, “TinMan Social,” includes ping pong, cornhole, axe throwing, shuffleboard, bowling,
and a full-service restaurant and bar with indoor and outdoor seating.
Canyon Type B Economic Development Corporation
Government Capital Corporation structured a financing for the Canyon Type B EDC, which resulted in the acquisition of four
properties. One of the facilities was designed to serve as the Economic Development Corporation office and the other three
properties were renovated to promote economic growth and expansion in the community. Considering the private activity associated
with a portion of the project, the financing was structured with both a tax-exempt and taxable series in order to maximize the benefit
for the EDC.
La Feria Industrial Development Corporation
Government Capital Corporation worked with La Feria Type A & Type B Economic Development Corporations to create a loan
structure joined together for the acquisition of a public works facility and for infrastructure improvements. The project allows for
greater economic growth and development for the city.
Partial Listing of EDC Clients
Bowie EDC Fairfield EDC Lavon EDC Wylie EDC
Godley EDC Ferris EDC Bay City CDC Mineral Wells EDC
Mathis EDC Gun Barrel City EDC Clarendon EDC Sweeny EDC
Sulphur Springs EDC Troup CDC Early MDD San Saba EDC
Baird EDC Pilot Point MDD Van EDC Bonham EDC
Oak Ridge North EDC Dumas EDC Chandler EDC Big Lake EDC
Anna Economic Development Corporation
Preliminary Term Sheet
October 22, 2025
FINANCING STRUCTURE: Taxable 4B EDC Note
PLACEMENT: Private Placement
ESTIMATED SOURCES AND USES OF FUNDS:
Sources:
Note Proceeds $ 6,191,500.00
Total Sources $ 6,191,500.00
Uses:
Land Purchase $ 6,100,000.00
Issuance Costs (0.015) $ 91,500.00
Total Uses $ 6,191,500.00
*The issuance cost in the amount of 1.5% has been included in the payment amount. It can also be paid outside of closing. These fees represent the
total issuance costs necessary for closing the transaction as contemplated. Issuance Cost Allocation includes Special Tax Counsel, Private Placement
Cost and Filing Fees.
PLACEMENT AGENT: Government Capital Corporation, Southlake, Texas
SPECIAL TAX COUNSEL: Naaman, Howell, Smith & Lee, Austin, Texas
TERM: 20 Years (80 Quarterly Payments)
INTEREST RATE: 5.67%
PAYMENT AMOUNT: $129,889.82
PREYPAYMENT: The Borrower shall have the right to pre-pay the note in whole on any business day by paying the Principal
Balance plus any outstanding interest due, provided the Borrower gives Lender at least thirty (30) days prior
written notice of its intent to do so. The Redemption Price, as a percentage of the then outstanding note
balance, shall be equal to:
Closing to 11/25/2029: Non-callable
11/25/2029 to 11/25/2032: 102%
11/25/2032 to 11/25/2034: 101%
Thereafter: 100%
ESTIMATED CLOSING DATE: November 25, 2025 (Must close by Dec 2nd to maintain proposed rate)
FIRST PAYMENT DATE: 90 Days from closing
ADDITIONAL NOTES:
This transaction will be secured by a pledge of sales tax only. Government Capital will not require liens on the real estate. Additionally, the traditional
real estate closing costs including title policy, appraisal, survey, environmental studies, etc., will not be a contingency of closing for Government
Capital.
The above proposal is subject to audit analysis and mutually acceptable documentation. The terms outlined herein are based on current markets. If
funding does not occur within this time period, rates will be indexed to markets at such time.
The transaction described herein is an arm’s length, commercial transaction between you and Government Capital Corporation. The terms of the proposed financing are being provided solely in response to your
specific inquiry and for your professional consideration.
Compound Period: Quarterly Nominal Annual Rate: 5.670% AMORTIZATION SCHEDULE - Normal Amortization, 360 Day Year Date Payment Interest Principal Loan 11/25/2025 1 2/25/2026 $129,889.82 $87,764.51 $42,125.31 2 5/25/2026 $129,889.82 $87,167.39 $42,722.43 3 8/25/2026 $129,889.82 $86,561.80 $43,328.02 4 11/25/2026 $129,889.82 $85,947.62 $43,942.20 5 2/25/2027 $129,889.82 $85,324.74 $44,565.08 6 5/25/2027 $129,889.82 $84,693.03 $45,196.79 7 8/25/2027 $129,889.82 $84,052.37 $45,837.45 8 11/25/2027 $129,889.82 $83,402.62 $46,487.20 9 2/25/2028 $129,889.82 $82,743.66 $47,146.16 10 5/25/2028 $129,889.82 $82,075.37 $47,814.45 11 8/25/2028 $129,889.82 $81,397.60 $48,492.22 12 11/25/2028 $129,889.82 $80,710.22 $49,179.60 13 2/25/2029 $129,889.82 $80,013.10 $49,876.72 14 5/25/2029 $129,889.82 $79,306.10 $50,583.72 15 8/25/2029 $129,889.82 $78,589.07 $51,300.75 16 11/25/2029 $129,889.82 $77,861.88 $52,027.94 17 2/25/2030 $129,889.82 $77,124.39 $52,765.43 18 5/25/2030 $129,889.82 $76,376.44 $53,513.38 19 8/25/2030 $129,889.82 $75,617.89 $54,271.93 20 11/25/2030 $129,889.82 $74,848.58 $55,041.24 21 2/25/2031 $129,889.82 $74,068.37 $55,821.45 22 5/25/2031 $129,889.82 $73,277.10 $56,612.72 23 8/25/2031 $129,889.82 $72,474.62 $57,415.20 24 11/25/2031 $129,889.82 $71,660.76 $58,229.06 25 2/25/2032 $129,889.82 $70,835.36 $59,054.46 26 5/25/2032 $129,889.82 $69,998.26 $59,891.56 27 8/25/2032 $129,889.82 $69,149.30 $60,740.52 28 11/25/2032 $129,889.82 $68,288.30 $61,601.52 29 2/25/2033 $129,889.82 $67,415.10 $62,474.72 30 5/25/2033 $129,889.82 $66,529.52 $63,360.30 31 8/25/2033 $129,889.82 $65,631.39 $64,258.43 32 11/25/2033 $129,889.82 $64,720.53 $65,169.29 33 2/25/2034 $129,889.82 $63,796.75 $66,093.07 34 5/25/2034 $129,889.82 $62,859.88 $67,029.94 35 8/25/2034 $129,889.82 $61,909.73 $67,980.09 36 11/25/2034 $129,889.82 $60,946.12 $68,943.70 37 2/25/2035 $129,889.82 $59,968.84 $69,920.98 38 5/25/2035 $129,889.82 $58,977.71 $70,912.11 39 8/25/2035 $129,889.82 $57,972.53 $71,917.29 40 11/25/2035 $129,889.82 $56,953.10 $72,936.72
Qualifications of Special Tax Counsel
ANDREW D. CLARK
Experience
Mr. Clark, partner in the Naman, Howell, Smith & Lee law firm, concentrates his practice in the
areas of public finance and economic development. Mr. Clark serves as bond counsel, special tax
counsel and general counsel to economic development corporations, municipal development
districts and public improvement districts. Mr. Clark’s comprehensive knowledge of the law
governing economic development corporations of any types and tax-exempt financings allows
Mr. Clark to assist his EDC clients from project inception through the completion of financing.
Mr. Clark has served on the city council of a home-rule city since 2018 and also served as a
director of the city’s economic development corporation.
EDUCATION AND BAR ADMISSIONS
J.D., 2007, St. Mary’s University School of Law, cum laude;
B.B.A., 2002, Baylor University
Admitted to Bar, Texas, 2007
U.S. District Courts, Western, Northern, Eastern and Southern Districts of Texas
United States Court of Appeals for the Fifth Circuit
PROFESSIONAL ASSOCIATIONS AND MEMBERSHIPS
City of Bee Cave, Texas Planning and Zoning Commission 2015-2018
City of Bee Cave, Texas City Council Mayor Pro Tem 2019-Present
City of Bee Cave, Texas City Council – Council Member 2018-Present
City of Bee Cave, Texas Economic Development Corporation – Director 2018-2020
National Association of Bond Lawyers
REPRESENTATIVE TRANSACTIONS
Seguin Economic Development Corporation Sales Tax Revenue Notes, Series 2025
Early Municipal Development District Sales Tax Revenue Notes, Series 2025
Lakeport Economic Development Corporation Sales Tax Revenue Notes, Series 2025
Bonham Economic Development Corporation Sales Tax Revenue Notes, Series 2024
Big Lake Economic Development Corporation Sales Tax Revenue Notes, Series 2024
Sweeny Economic Development Corporation Sales Tax Revenue Notes, Series 2023
Item No. 5.d.
EDC/CDC Agenda
Staff Report
Meeting Date: 11/13/2025
Staff Contact: Salena Tittle
AGENDA ITEM:
Consider/Discuss/Action on a recommendation to cancel the December 4, 2025,
CDC/EDC Joint Board Meeting.
SUMMARY:
The December CDC/EDC Joint Board Meeting is currently scheduled for Thursday,
December 4th. Staff is suggesting that the meeting be moved to Thursday, December
11th, due to some scheduling conflicts.
STAFF RECOMMENDATION:
Staff recommends the Board make a motion to cancel the December 4, 2025,
CDC/EDC Joint Board Meeting.
ATTACHMENTS:
Item No. 5.e.
EDC/CDC Agenda
Staff Report
Meeting Date: 11/13/2025
Staff Contact: Salena Tittle
AGENDA ITEM:
Consider/Discuss/Action on a recommendation to conduct the December CDC/EDC
Joint Board Meeting on Thursday, December 11, 2025, at 6:00 p.m. in Council
Chambers of the Municipal Complex located at 120 W. 7th Street.
SUMMARY:
As stated in Item 5.d., staff has recommended that the December 4, 2025, CDC/EDC
Joint Board Meeting be canceled due to some scheduling conflicts. Staff has suggested
that the December monthly CDC/EDC Joint Board Meeting now be held on December
11, 2025.
STAFF RECOMMENDATION:
Staff recommends the Board make a motion to conduct the December CDC/EDC Joint
Board Meeting on December 11, 2025, at 6:00 p.m. in Council Chambers at the
Municipal Complex located at 120 W. 7th Street.
ATTACHMENTS:
Item No. 5.f.
EDC/CDC Agenda
Staff Report
Meeting Date: 11/13/2025
Staff Contact: Salena Tittle
AGENDA ITEM:
Consider/Discuss/Action on a recommendation to cancel the January 1, 2026,
CDC/EDC Joint Board Meeting.
SUMMARY:
The January CDC/EDC Joint Board Meeting is currently scheduled for Thursday,
January 1st. Staff is suggesting that the meeting be moved to Thursday, January 8th,
due to the Holiday.
STAFF RECOMMENDATION:
Staff recommends the Board make a motion to cancel the January 1, 2026, CDC/EDC
Joint Board Meeting.
ATTACHMENTS:
Item No. 5.g.
EDC/CDC Agenda
Staff Report
Meeting Date: 11/13/2025
Staff Contact: Salena Tittle
AGENDA ITEM:
Consider/Discuss/Action on a recommendation to conduct the January CDC/EDC Joint
Board Meeting on Thursday, January 8, 2026, at 6:00 p.m. in Council Chambers of the
Municipal Complex located at 120 W. 7th Street.
SUMMARY:
As stated in Item 5.f., staff had recommended that the January 1, 2026, CDC/EDC Joint
Board Meeting be canceled due to the Holiday. Staff has suggested that the January
monthly CDC/EDC Joint Board Meeting now be held on January 8, 2026.
STAFF RECOMMENDATION:
Staff recommends the Board make a motion to conduct the January CDC/EDC Joint
Board Meeting on January 8, 2026, at 6:00 p.m. in Council Chambers at the Municipal
Complex located at 120 W. 7th Street.
ATTACHMENTS:
Item No. 6.
EDC/CDC Agenda
Staff Report
Meeting Date: 11/13/2025
Staff Contact:
AGENDA ITEM:
Director's Report.
SUMMARY:
STAFF RECOMMENDATION:
ATTACHMENTS:
Item No. 6.a.
EDC/CDC Agenda
Staff Report
Meeting Date: 11/13/2025
Staff Contact: Joey Grisham
AGENDA ITEM:
Strategic Plan Update
SUMMARY:
Director of Economic Development, Joey Grisham, to give a brief overview of what staff
has been working on and future initiatives.
STAFF RECOMMENDATION:
N/A
ATTACHMENTS:
1. October 2025 Strategic Plan Update
Economic Development Highlights
October 2025
Real Estate & Developer
Meetings01 04
02
Newsletter Subscribers
Instagram & Facebook
Followers
10 2 new
2,212 total
Pre-Development
Meetings
Linkedin Followers
03
06
Business Retention
& Expansion
Contacts
5
7
11 new Insta - 110 total
362 new FB - 981 total
35 new
1,959 total
05
VibrantVibrant
UniqueUnique
EDC staff attended the L Dow Hendricks
Elementary Dedication Ceremony
Joey presented at the Fall Neighborhood
Academy
Natasha and Salena attended the Community
Difference Collin County Luncheon
Joey and Salena attended the Collin County
Growth Summit
Natasha attended the Area Developments
Women’s Conference in Chicago
EDC staff and Board members attended the
TEDC Sales Tax Workshop
Salena attended OU EDI in Fort Worth
EDC staff attended the Chamber Business
Afterhours Event hosted by Lamar National
Bank
Joey attended and participated as a panelist
for the 2025 Bisnow Collin County State of the
Market event
Joey attended the Anna ISD State of the District
Luncheon
Salena attended the annual Texas Municipal
League Conference
Joey attended the annual Texas Economic
Development Council Conference
Item No. 6.b.
EDC/CDC Agenda
Staff Report
Meeting Date: 11/13/2025
Staff Contact: Joey Grisham
AGENDA ITEM:
Financial Report / Sales Tax Update
SUMMARY:
Director of Economic Development, Joey Grisham, to update the Board on the overall
sales tax for the month of August 2025, which is down roughly 7% from the previous
year, August 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 873,725 21% 723,838
April 779,340 20% 647,636
May 780,970 12% 699,251
June 867,435 4% 835,007
July 817,173 4% 785,388
August 761,329 -7% 818,441
September - 794,437
8,767,373$ 8,611,581$
Budget: 6,753,000 130% 6,753,100
CITY OF ANNA
Schedule of Sales Tax Collections
For the month August 31, 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: 11/13/2025
Staff Contact: Salena Tittle
AGENDA ITEM:
Event Updates / Upcoming Events / Reminders
SUMMARY:
Anna Community Library & Plaza Ribbon Cutting Ceremony:
On Saturday, November 15th, the City of Anna will be holding the official Community
Library & Plaza Ribbon Cutting Ceremony and Grand Opening ceremony from 10:00am
- 12:00pm. A calendar invite has gone out to everyone, and we hope you will all be in
attendance. The celebration will include family activities, live jazz, yard games,
storybook characters, a magician, and so much more.
Happy Thanksgiving:
The EDC staff would like to express our sincere gratitude to our board for your
commitment, leadership, and the time you devote to serving the CDC/EDC. We are truly
thankful for all that you do and wish you and your families a wonderful Thanksgiving.
STAFF RECOMMENDATION:
N/A
ATTACHMENTS:
Item No. 7.a.
EDC/CDC Agenda
Staff Report
Meeting Date: 11/13/2025
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. Pending Contracts. Future brokerage and real estate agreements.
SUMMARY:
Closed session deliberation.
STAFF RECOMMENDATION:
N/A
ATTACHMENTS:
Item No. 7.b.
EDC/CDC Agenda
Staff Report
Meeting Date: 11/13/2025
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: 11/13/2025
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: 11/13/2025
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. 10.
EDC/CDC Agenda
Staff Report
Meeting Date: 11/13/2025
Staff Contact:
AGENDA ITEM:
Adjourn.
SUMMARY:
STAFF RECOMMENDATION:
ATTACHMENTS: