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HomeMy WebLinkAbout09-04-2025 CDC/EDC Packet MEETING AGENDA ANNA COMMUNITY DEVELOPMENT CORPORATION AND ANNA ECONOMIC DEVELOPMENT CORPORATION Thursday, September 4, 2025 @ 6:00 PM The CDC/EDC of the City of Anna will meet on Thursday, September 4, 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 August 7, 2025, Joint Community Development Corporation and Economic Development Corporation Meeting. (CDC) b. Approve minutes from the August 7, 2025, Joint Community Development Corporation and Economic Development Corporation Meeting. (EDC) 5. Items For Individual Consideration. a. Consider/Discuss/Action on a Resolution of the Board of Directors of the Anna Community Development Corporation regarding a tax-exempt loan in an amount not to exceed $1,442,381.90. b. Consider/Discuss/Action on a Resolution of the Board of Directors of the Anna Community Development Corporation regarding a taxable loan in an amount not to exceed $916,754.34. c. Consider/Discuss/Action on Resolution No. 2025-09-11 to approve an amendment to the 2024-2025 fiscal year budget for reallocation of funds and to authorize and direct staff to make a payment on the $916,754.34 taxable loan referenced above in the amount of $500,000 to reduce the principal of said loan. d. Consider/Discuss/Action on a recommendation to cancel the November 6, 2025, CDC/EDC Joint Board Meeting. e. Consider/Discuss/Action on a recommendation to conduct the November CDC/EDC Joint Board Meeting on Thursday, November 13, 2025, 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. 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 09/01/2025. ______________________________ Joey Grisham, Director of Economic Development 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. 3. EDC/CDC Agenda Staff Report Meeting Date: 9/4/2025 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: 9/4/2025 Staff Contact: Salena Tittle AGENDA ITEM: Approve minutes from the August 7, 2025, Joint Community Development Corporation and Economic Development Corporation Meeting. (CDC) SUMMARY: Review and approve the meeting minutes from the August 7, 2025, Joint CDC/EDC Meeting. STAFF RECOMMENDATION: Staff recommends approval. ATTACHMENTS: 1. August 7_2025 CDC EDC Joint Meeting Minutes_Draft Anna Community Development Corporation and Anna Economic Development Corporation Meeting Minutes Thursday, August 7, 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, August 7, 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 Secretary Dwyke Williams Board Member Noah Nylander Board Member Rocio Gonzalez Board Member Edward Culham Board Member Regina Leachman Others Present: Director of Economic Development Joey Grisham Assistant Director of Economic Development Natasha Roach Economic Development Manager Salena Tittle City Attorney Clark McCoy Councilwoman Kelly Patterson-Herndon Absent: Board Vice-President Manny Singh 2. Invocation and Pledge of Allegiance. Board Secretary Dwyke Williams led the Invocation and Pledge of Allegiance. Introduction to New EDC Director Joey Grisham introduced himself to the Board. 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 July 7, 2025, Special Called Joint Community Development Corporation and Economic Development Corporation Meeting. (CDC) b. Approve minutes from the July 7, 2025, Special Called Joint Community Development Corporation and Economic Development Corporation Meeting. (EDC) MOTION: Board Secretary Dwyke Williams made a motion on behalf of the CDC and EDC to approve Consent Agenda Items, 5a & 5b. Board Member Regina Leachman seconded the motion. In a 6-0 vote, all were in favor. Motion passed. c. Approve minutes from the July 10, 2025, Joint Community Development Corporation and Economic Development Corporation Meeting. (CDC) d. Approve minutes from the July 10, 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, 5c & 5d. Board Member Noah Nylander seconded the motion. In a 6-0 vote, all were in favor. Motion passed. 6. Individual Consideration. a. Hold a Public Hearing and Consider/Discuss/Action on Resolution No. 2025-08-8 authorizing an expenditure not to exceed $75,000 in support of the City of Anna’s application of the Texas Community Development Block Grant – Community Development Fund Program. (CDC) Board President Bruce Norwood opened the Public Hearing at 6:04 PM. Assistant Director Natasha Roach gave a brief presentation. Board President Bruce Norwood closed the Public Hearing at 6:05 PM. MOTION: Board Member Noah Nylander made a motion on behalf of the CDC to approve the Resolution authorizing the expenditure of funds not to exceed $75,000 in support of the City of Anna’s application of the Texas Community Development Block Grant – Community Development Fund Program. Board President Bruce Norwood seconded the motion. In a 6-0 vote, all were in favor. Motion passed. b. Hold a Public Hearing and Consider/Discuss/Action on Resolution No. 2025-08-9 authorizing an expenditure not to exceed $250,000 from the Anna Community Development Corporation to the Anna Economic Development Corporation for certain project. (CDC) Board President Bruce Norwood opened the Public Hearing at 6:06 PM. Assistant Director Natasha Roach gave a brief presentation. Board President Bruce Norwood closed the Public Hearing at 6:08 PM. MOTION: Board Member Rocio Gonzalez made a motion on behalf of the CDC to approve the Resolution authorizing the expenditure of funds not to exceed $250,000 from the Anna Community Development Corporation to the Anna Economic Development Corporation for certain projects. Board Secretary Dwyke Williams seconded the motion. In a 6-0 vote, all were in favor. Motion passed. c. Hold a Public Hearing and Consider/Discuss/Action on 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. (CDC) Board President Bruce Norwood opened the Public Hearing at 6:09 PM. Assistant Director Natasha Roach gave a brief presentation. Board President Bruce Norwood closed the Public Hearing at 6:13 PM. MOTION: Board President Bruce Norwood made a motion on behalf of the CDC to approve the Resolution authorizing the expenditure of funds not to exceed $100,000 for the demolition of structures which are located on the downtown CDC-owned properties. Board Secretary Dwyke Williams seconded the motion. In a 6-0 vote, all were in favor. Motion passed. 7. Director's Report. a. Strategic Plan Update Assistant Director of Economic Development, Natasha Roach, gave a brief overview of the highlights for the month of July. Those highlights included: Farmers Bank & Trust Grand Opening and Ribbon Cutting, Nanda’s Grand Re- Opening and Ribbon Cutting, The 2025 Economic Development Forum, Toole Design Downtown Illustrative Map Meeting, BRE Alliance Meeting, and the TXDOT FM 455 Feasibility Study Meeting. No Action Taken b. Financial Report / Sales Tax Update Assistant Director of Economic Development, Natasha Roach, presented the Board with updated information on increased sales tax for the month of May 2025, which is up approximately 12% from the previous year. No Action Taken c. Event Updates / Upcoming Events / Reminders Economic Development Manager, Salena Tittle, provided the Board with an update following the EDC’s 2025 Economic Development Forum and the key takeaways provided to staff. Salena provided the Board with information regarding an upcoming TEDC Sales Tax Workshop and asked the Board to notify staff if they are interested in attending. 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 8. Closed Session. MOTION: Board President Bruce Norwood made a motion to enter into closed session. Board Secretary Dwyke Williams seconded the motion. In a 6-0 vote, all were in favor. Motion passed. The CDC/EDC Board entered into closed session at 6:24 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. 9. 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 6:56 PM. 10. Receive reports from staff or Board Members about items of community interest. There were none. 11. Adjourn. Board President Bruce Norwood adjourned the meeting at 6:56 PM. Approved on the 4th day of September, 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: 9/4/2025 Staff Contact: Salena Tittle AGENDA ITEM: Approve minutes from the August 7, 2025, Joint Community Development Corporation and Economic Development Corporation Meeting. (EDC) SUMMARY: Review and approve the meeting minutes from the August 7, 2025, Joint CDC/EDC Meeting. STAFF RECOMMENDATION: Staff recommends approval. ATTACHMENTS: 1. August 7_2025 CDC EDC Joint Meeting Minutes_Draft Anna Community Development Corporation and Anna Economic Development Corporation Meeting Minutes Thursday, August 7, 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, August 7, 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 Secretary Dwyke Williams Board Member Noah Nylander Board Member Rocio Gonzalez Board Member Edward Culham Board Member Regina Leachman Others Present: Director of Economic Development Joey Grisham Assistant Director of Economic Development Natasha Roach Economic Development Manager Salena Tittle City Attorney Clark McCoy Councilwoman Kelly Patterson-Herndon Absent: Board Vice-President Manny Singh 2. Invocation and Pledge of Allegiance. Board Secretary Dwyke Williams led the Invocation and Pledge of Allegiance. Introduction to New EDC Director Joey Grisham introduced himself to the Board. 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 July 7, 2025, Special Called Joint Community Development Corporation and Economic Development Corporation Meeting. (CDC) b. Approve minutes from the July 7, 2025, Special Called Joint Community Development Corporation and Economic Development Corporation Meeting. (EDC) MOTION: Board Secretary Dwyke Williams made a motion on behalf of the CDC and EDC to approve Consent Agenda Items, 5a & 5b. Board Member Regina Leachman seconded the motion. In a 6-0 vote, all were in favor. Motion passed. c. Approve minutes from the July 10, 2025, Joint Community Development Corporation and Economic Development Corporation Meeting. (CDC) d. Approve minutes from the July 10, 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, 5c & 5d. Board Member Noah Nylander seconded the motion. In a 6-0 vote, all were in favor. Motion passed. 6. Individual Consideration. a. Hold a Public Hearing and Consider/Discuss/Action on Resolution No. 2025-08-8 authorizing an expenditure not to exceed $75,000 in support of the City of Anna’s application of the Texas Community Development Block Grant – Community Development Fund Program. (CDC) Board President Bruce Norwood opened the Public Hearing at 6:04 PM. Assistant Director Natasha Roach gave a brief presentation. Board President Bruce Norwood closed the Public Hearing at 6:05 PM. MOTION: Board Member Noah Nylander made a motion on behalf of the CDC to approve the Resolution authorizing the expenditure of funds not to exceed $75,000 in support of the City of Anna’s application of the Texas Community Development Block Grant – Community Development Fund Program. Board President Bruce Norwood seconded the motion. In a 6-0 vote, all were in favor. Motion passed. b. Hold a Public Hearing and Consider/Discuss/Action on Resolution No. 2025-08-9 authorizing an expenditure not to exceed $250,000 from the Anna Community Development Corporation to the Anna Economic Development Corporation for certain project. (CDC) Board President Bruce Norwood opened the Public Hearing at 6:06 PM. Assistant Director Natasha Roach gave a brief presentation. Board President Bruce Norwood closed the Public Hearing at 6:08 PM. MOTION: Board Member Rocio Gonzalez made a motion on behalf of the CDC to approve the Resolution authorizing the expenditure of funds not to exceed $250,000 from the Anna Community Development Corporation to the Anna Economic Development Corporation for certain projects. Board Secretary Dwyke Williams seconded the motion. In a 6-0 vote, all were in favor. Motion passed. c. Hold a Public Hearing and Consider/Discuss/Action on 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. (CDC) Board President Bruce Norwood opened the Public Hearing at 6:09 PM. Assistant Director Natasha Roach gave a brief presentation. Board President Bruce Norwood closed the Public Hearing at 6:13 PM. MOTION: Board President Bruce Norwood made a motion on behalf of the CDC to approve the Resolution authorizing the expenditure of funds not to exceed $100,000 for the demolition of structures which are located on the downtown CDC-owned properties. Board Secretary Dwyke Williams seconded the motion. In a 6-0 vote, all were in favor. Motion passed. 7. Director's Report. a. Strategic Plan Update Assistant Director of Economic Development, Natasha Roach, gave a brief overview of the highlights for the month of July. Those highlights included: Farmers Bank & Trust Grand Opening and Ribbon Cutting, Nanda’s Grand Re- Opening and Ribbon Cutting, The 2025 Economic Development Forum, Toole Design Downtown Illustrative Map Meeting, BRE Alliance Meeting, and the TXDOT FM 455 Feasibility Study Meeting. No Action Taken b. Financial Report / Sales Tax Update Assistant Director of Economic Development, Natasha Roach, presented the Board with updated information on increased sales tax for the month of May 2025, which is up approximately 12% from the previous year. No Action Taken c. Event Updates / Upcoming Events / Reminders Economic Development Manager, Salena Tittle, provided the Board with an update following the EDC’s 2025 Economic Development Forum and the key takeaways provided to staff. Salena provided the Board with information regarding an upcoming TEDC Sales Tax Workshop and asked the Board to notify staff if they are interested in attending. 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 8. Closed Session. MOTION: Board President Bruce Norwood made a motion to enter into closed session. Board Secretary Dwyke Williams seconded the motion. In a 6-0 vote, all were in favor. Motion passed. The CDC/EDC Board entered into closed session at 6:24 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. 9. 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 6:56 PM. 10. Receive reports from staff or Board Members about items of community interest. There were none. 11. Adjourn. Board President Bruce Norwood adjourned the meeting at 6:56 PM. Approved on the 4th day of September, 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: 9/4/2025 Staff Contact: Joey Grisham AGENDA ITEM: Consider/Discuss/Action on a Resolution of the Board of Directors of the Anna Community Development Corporation regarding a tax-exempt loan in an amount not to exceed $1,442,381.90. SUMMARY: 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. STAFF RECOMMENDATION: Staff recommends approval of a resolution of the Board of Directors of the Anna Community Development Corporation regarding a tax-exempt loan in an amount not to exceed $1,442,381.90 ATTACHMENTS: 1. (05) Anna CDC - Resolution of Corporation (Series A and B)-4 2. Series A Combined Documents PDF CDC Resolution Authorizing Financing CERTIFICATE FOR RESOLUTION RESOLUTION OF THE BOARD OF DIRECTORS OF THE ANNA COMMUNITY DEVELOPMENT CORPORATION AUTHORIZING THE ISSUANCE OF ONE OR MORE PROMISSORY NOTES TO REFINANCE OBLIGATIONS OF THE CORPORATION ISSUED TO PAY THE COSTS OF A PROJECT AND TO COMPLETE A NEW PROJECT; AUTHORIZE A NEW ECONOMIC DEVELOPMENT PROJECT; AND OTHER MATTERS INCIDENT AND RELATED THERETO. Aye" except as shown below. CDC Resolution Authorizing Financing Board of Directors' 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 CDC Resolution Authorizing Financing RESOLUTION OF THE BOARD OF DIRECTORS OF THE ANNA COMMUNITY DEVELOPMENT CORPORATION AUTHORIZING THE ISSUANCE OF ONE OR MORE PROMISSORY NOTES TO REFINANCE OBLIGATIONS OF THE CORPORATION ISSUED TO PAY THE COSTS OF A PROJECT AND TO COMPLETE A NEW PROJECT; AUTHORIZE A NEW ECONOMIC DEVELOPMENT 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 Corporation has currently outstanding certain indebtedness in the original principal amount of $2,225,000 and dated January 15, 2024 (the “Refunded Obligation”) issued to finance the costs of one or more eligible economic development projects; and WHEREAS, the Corporation’s Board of Directors (the “Board”) has determined that it is advisable to refinance the Refunded Obligation through the issuance of one or more promissory notes (the “Loan”) to be secured by a pledge of the Corporation’s economic development sales and use taxes (the “Refunding); and WHEREAS, the Board has further determined that it is advisable to undertake the construction of a public parking lot to be owned and operated by the City which will promote new or expanded business development in the City (the “Project”) and to finance the Project with proceeds of the Loan; and WHEREAS, the Corporation proposes to enter into one or more Loan Agreements (as amended, restated, supplemented and/or otherwise modified, the “Loan Agreements”) with Government Capital Corporation, as lender (“Lender”), to enable the Corporation to complete the Refunding, pay the costs of the Project and pay costs of issuing the loan (the “Issuance Costs”), 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) a tax-exempt promissory note issued by the Corporation in the principal amount of $1,442,381.90 payable to the Lender (the “Series A Note”) and (b) a taxable promissory note issued by the Corporation in the principal amount not to exceed $916,754.34 (the “Series B Note” and together with the Series A Note, the “Notes”). All capitalized terms used herein, but not otherwise defined herein, shall have the meaning ascribed to such term in the Loan Agreement. CDC Resolution Authorizing Financing 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 Agreements, one or more sales tax remittance agreements with the City (the “Sales Tax Remittance Agreements”) and issue the Notes to complete the Refunding, finance the costs of the Project and pay the Costs of Issuance. The Notes will be issued in principal amounts set forth in the recitals hereto at interest rates consistent with the form of the Notes considered concurrently with this Resolution and, in order to secure the principal and interest on the Notes, 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. 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 Agreements, including all attachments and exhibits thereto, the Notes and the Sales Tax Remittance Agreements. The Loan Agreements, the Notes and the Sales Tax Remittance Agreements 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 Agreements, the Notes and the Sales Tax Remittance Agreements; 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 PASSED AND ADOPTED this ___ day of __________________, 2025. ANNA COMMUNITY DEVELOPMENT CORPORATION ATTEST: Item No. 5.b. EDC/CDC Agenda Staff Report Meeting Date: 9/4/2025 Staff Contact: Joey Grisham AGENDA ITEM: Consider/Discuss/Action on a Resolution of the Board of Directors of the Anna Community Development Corporation regarding a taxable loan in an amount not to exceed $916,754.34. SUMMARY: See Item 5.a. STAFF RECOMMENDATION: Staff recommends approval of a resolution of the Board of Directors of the Anna Community Development Corporation regarding a taxable loan in an amount not to exceed $916,754.34. ATTACHMENTS: 1. (05) Anna CDC - Resolution of Corporation (Series A and B)-4 2. Series B Combined Documents PDF CDC Resolution Authorizing Financing CERTIFICATE FOR RESOLUTION RESOLUTION OF THE BOARD OF DIRECTORS OF THE ANNA COMMUNITY DEVELOPMENT CORPORATION AUTHORIZING THE ISSUANCE OF ONE OR MORE PROMISSORY NOTES TO REFINANCE OBLIGATIONS OF THE CORPORATION ISSUED TO PAY THE COSTS OF A PROJECT AND TO COMPLETE A NEW PROJECT; AUTHORIZE A NEW ECONOMIC DEVELOPMENT PROJECT; AND OTHER MATTERS INCIDENT AND RELATED THERETO. Aye" except as shown below. CDC Resolution Authorizing Financing Board of Directors' 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 CDC Resolution Authorizing Financing RESOLUTION OF THE BOARD OF DIRECTORS OF THE ANNA COMMUNITY DEVELOPMENT CORPORATION AUTHORIZING THE ISSUANCE OF ONE OR MORE PROMISSORY NOTES TO REFINANCE OBLIGATIONS OF THE CORPORATION ISSUED TO PAY THE COSTS OF A PROJECT AND TO COMPLETE A NEW PROJECT; AUTHORIZE A NEW ECONOMIC DEVELOPMENT 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 Corporation has currently outstanding certain indebtedness in the original principal amount of $2,225,000 and dated January 15, 2024 (the “Refunded Obligation”) issued to finance the costs of one or more eligible economic development projects; and WHEREAS, the Corporation’s Board of Directors (the “Board”) has determined that it is advisable to refinance the Refunded Obligation through the issuance of one or more promissory notes (the “Loan”) to be secured by a pledge of the Corporation’s economic development sales and use taxes (the “Refunding); and WHEREAS, the Board has further determined that it is advisable to undertake the construction of a public parking lot to be owned and operated by the City which will promote new or expanded business development in the City (the “Project”) and to finance the Project with proceeds of the Loan; and WHEREAS, the Corporation proposes to enter into one or more Loan Agreements (as amended, restated, supplemented and/or otherwise modified, the “Loan Agreements”) with Government Capital Corporation, as lender (“Lender”), to enable the Corporation to complete the Refunding, pay the costs of the Project and pay costs of issuing the loan (the “Issuance Costs”), 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) a tax-exempt promissory note issued by the Corporation in the principal amount of $1,442,381.90 payable to the Lender (the “Series A Note”) and (b) a taxable promissory note issued by the Corporation in the principal amount not to exceed $916,754.34 (the “Series B Note” and together with the Series A Note, the “Notes”). All capitalized terms used herein, but not otherwise defined herein, shall have the meaning ascribed to such term in the Loan Agreement. CDC Resolution Authorizing Financing 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 Agreements, one or more sales tax remittance agreements with the City (the “Sales Tax Remittance Agreements”) and issue the Notes to complete the Refunding, finance the costs of the Project and pay the Costs of Issuance. The Notes will be issued in principal amounts set forth in the recitals hereto at interest rates consistent with the form of the Notes considered concurrently with this Resolution and, in order to secure the principal and interest on the Notes, 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. 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 Agreements, including all attachments and exhibits thereto, the Notes and the Sales Tax Remittance Agreements. The Loan Agreements, the Notes and the Sales Tax Remittance Agreements 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 Agreements, the Notes and the Sales Tax Remittance Agreements; 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 PASSED AND ADOPTED this ___ day of __________________, 2025. ANNA COMMUNITY DEVELOPMENT CORPORATION ATTEST: Item No. 5.c. EDC/CDC Agenda Staff Report Meeting Date: 9/4/2025 Staff Contact: Joey Grisham AGENDA ITEM: Consider/Discuss/Action on Resolution No. 2025-09-11 to approve an amendment to the 2024-2025 fiscal year budget for reallocation of funds and to authorize and direct staff to make a payment on the $916,754.34 taxable loan referenced above in the amount of $500,000 to reduce the principal of said loan. SUMMARY: As per the previous item, the CDC will have a taxable loan which will have an outstanding principal balance of $916,754.34. In an effort to reduce long-term debt obligations and interest liabilities, staff recommends a proactive principal reduction payment in the amount of $500,000. There are available funds from the FY 2024–2025 budget which have been identified to be reallocated to support this payment without impacting current operations or capital projects. STAFF RECOMMENDATION: Staff recommends the CDC Board approve Resolution No. 2025-09-11 approving an amendment to the 2024-2025 fiscal year budget for reallocation of funds and to authorize and direct staff to make a payment on the $916,754.34 taxable loan in the amount of $500,000 to reduce the principal of said loan. ATTACHMENTS: 1. 2025-09-11 CDC Resolution - 2024-2025 FY Budget Amendment ANNA COMMUNITY DEVELOPMENT CORPORATION RESOLUTION NO. 2025-09-11 A RESOLUTION OF THE ANNA COMMUNITY DEVELOPMENT CORPORATION APPROVING AND AUTHORIZING AN AMENDMENT TO THE 2024-2025 FISCAL YEAR BUDGET BY CARRYING FORWARD UNEXPENDED LAND AQUISITION FUNDS IN AN AMOUNT NOT TO EXCEED $500,000 FOR PROJECT PURPOSES WHEREAS, effective July 18, 2024, the Anna Community Development Corporation (the “CDC”), with the approval of the City of Anna City Council, approved its current fiscal year budget; and WHEREAS, the CDC seeks to make one or more line-item amendments to its budget due to additional funds being needed in the land acquisitions line item (890-825- 69310). 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. Adoption of Amendment to the Current Fiscal Year Budget The CDC Board of Directors hereby approves amending the Anna Community Development Corporation current fiscal year budget and authorizes the expenditure in an amount not to exceed $500,000 from Land Acquisition funds for project purposes. The Board further directs that this amendment to the current fiscal year budget be submitted to the City of Anna City Council for approval. PASSED AND APPROVED by the Anna Community Development Corporation on this 4th day of September 2025. APPROVED: _____________________________ Bruce Norwood, CDC President ATTEST: ________________________________ Dwyke Williams, CDC Secretary Item No. 5.d. EDC/CDC Agenda Staff Report Meeting Date: 9/4/2025 Staff Contact: Salena Tittle AGENDA ITEM: Consider/Discuss/Action on a recommendation to cancel the November 6, 2025, CDC/EDC Joint Board Meeting. SUMMARY: The November CDC/EDC Joint Board Meeting is currently scheduled for Thursday, November 6th. Staff is suggesting that the meeting be moved to Thursday, November 13th, due to some scheduling conflicts. STAFF RECOMMENDATION: Staff recommends the Board make a motion to cancel the November 6, 2025, CDC/EDC Joint Board Meeting. ATTACHMENTS: Item No. 5.e. EDC/CDC Agenda Staff Report Meeting Date: 9/4/2025 Staff Contact: Salena Tittle AGENDA ITEM: Consider/Discuss/Action on a recommendation to conduct the November CDC/EDC Joint Board Meeting on Thursday, November 13, 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 had recommended that the November 6, 2025, CDC/EDC Joint Board Meeting be canceled due to some scheduling conflicts. Staff has suggested that the November monthly CDC/EDC Joint Board Meeting now be held on November 13, 2025. STAFF RECOMMENDATION: Staff recommends the Board make a motion to conduct the November CDC/EDC Joint Board Meeting on November 13, 2025, 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: 9/4/2025 Staff Contact: AGENDA ITEM: Director's Report. SUMMARY: STAFF RECOMMENDATION: ATTACHMENTS: Item No. 6.a. EDC/CDC Agenda Staff Report Meeting Date: 9/4/2025 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. August 2025 Strategic Plan Update Filming of new video Economic Development Highlights August 2025 Real Estate & Developer Meetings01 04 02 Newsletter Subscribers Instagram & Facebook Followers 13 6 new 2,206 total Pre-Development Meetings Linkedin Followers 03 06 Business Retention & Expansion Contacts 10 12 11 new Insta - 90 total 234 new FB - 600 total 24 new 1,900 total 05 VibrantVibrant UniqueUnique Natasha and Salena attended Farmers Bank & Trust Grand Opening & Ribbon Cutting Salena attended the Greater Anna Chamber of Commerce Coffee & Connections Natasha was a Discussion Panelist on the Dallas Business Alliance Podcast Natasha and Salena met with other EDC Representatives for the Quarterly BRE Alliance Meeting. Natasha and Salena attended the CUTX Community Roundtable Luncheon “Building Unity in our Communities” Salena & Natasha assisted with the Holt Cat Hiring Event EDC Staff attended the Community Difference Collin County Discussion Event Item No. 6.b. EDC/CDC Agenda Staff Report Meeting Date: 9/4/2025 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 June 2025, which is up roughly 4% from the previous year, June 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 1,873,725 159% 723,838 April 779,340 20% 647,636 May 780,970 12% 699,251 June 867,435 4% 835,007 July 785,388 August 818,441 September 794,437 8,188,871$ 8,611,581$ Budget: 6,753,000 121% 6,753,100 CITY OF ANNA Schedule of Sales Tax Collections For the month June 30, 2025 $0 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 $1,800,000 $2,000,000 Monthly Sales Tax Collections: 3 Year Comparison FY2022-23 FY2023-24 FY2024-25 Item No. 6.c. EDC/CDC Agenda Staff Report Meeting Date: 9/4/2025 Staff Contact: Salena Tittle AGENDA ITEM: Event Updates / Upcoming Events / Reminders SUMMARY: Kroger Marketplace Groundbreaking Ceremony: On Friday, September 26th, Kroger will be holding their groundbreaking ceremony at 1:00pm. This will be at the SEC of U.S. Highway 75 and Rosamond Parkway. This is not a mandatory event. However, if you are able, we would love for you to be in attendance to show Kroger our community support. A calendar invite has gone out to everyone and I will be updating that invite as I receive information from our Kroger representative. TEDC Sales Tax Workshop: On Friday, October 17th, the Texas Economic Development Council is holding a Sales Tax Workshop in Richardson. Those who have elected to attend should have received an email confirmation of registration from TEDC and a calendar invite from staff. The workshop begins at 8:00am and they will be providing a variety of light breakfast items as well as lunch for the group. Demolition Project: Demolition of the vacant structures located on the downtown CDC-owned properties is set for the week of September 15th. STAFF RECOMMENDATION: N/A ATTACHMENTS: Item No. 7.a. EDC/CDC Agenda Staff Report Meeting Date: 9/4/2025 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. SUMMARY: Closed session deliberation. STAFF RECOMMENDATION: N/A ATTACHMENTS: Item No. 7.b. EDC/CDC Agenda Staff Report Meeting Date: 9/4/2025 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: 9/4/2025 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: 9/4/2025 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: 9/4/2025 Staff Contact: AGENDA ITEM: Adjourn. SUMMARY: STAFF RECOMMENDATION: ATTACHMENTS: