HomeMy WebLinkAbout08-06-2026 CDC/EDC Packet
MEETING AGENDA
ANNA COMMUNITY DEVELOPMENT CORPORATION
AND
ANNA ECONOMIC DEVELOPMENT CORPORATION
Thursday, August 6, 2026 @ 6:00 PM
The CDC/EDC of the City of Anna will meet on Thursday, August 6, 2026 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.
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, with liberty 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 July 2, 2026, Joint Community Development
Corporation and Economic Development Corporation Meeting. (CDC)
b. Approve minutes from the July 2, 2026, Joint Community Development
Corporation and Economic Development Corporation Meeting. (EDC)
5. Items For Individual Consideration.
a. Conduct a Public Hearing and Consider/Discuss/Action on Resolution No. 2026-
08-11 approving the Fiscal Year 2026-2027 Anna CDC budget and authorizing
publication of the adopted budget. (CDC)
b. Consider/Discuss/Action on Resolution No. 2026-08-12 approving the Fiscal
Year 2026-2027 Anna EDC budget. (EDC)
c. Consider/Discuss/Act on Resolution No. 2026-08-13 approving an agreement
with The Retail Coach for professional Contract Services. (CDC)
d. Consider/Discuss/Action on Resolution No. 2026-08-14 approving and ratifying
a Real Estate Sales Contract and Leaseback Agreement between William
Bentley Powell for the acquisition of approximately 5.115 acres of real property
comprising in the City of Anna for a purchase price of $2,339,498.70, including
a temporary post-closing leaseback and related right-of-way dedications at
Rosamond and Interurban Street; and authorizing the Board President or Vice
President, the Economic Development Director to execute closing and related
documents and take all actions necessary to consummate and administer the
transaction. (CDC)
e. Consider/Discuss/Action on Resolution No. 2026-08-15 approving (1) a Chapter 380
Impact Fee Payment Deferral Agreement between the City of Anna, Texas, and GTP
Food Group, LLC, including the Anna Community Development Corporation's limited
acknowledgment thereof, and (2) a Second Amendment to Ground Lease Purchase
Agreement and Performance Agreement between the Anna Economic Development
Corporation and GTP Food Group, LLC, each relating to the GTP Food Group
restaurant and entertainment project in the Anna Downtown District; and authorizing
the Board President or Vice President to execute the documents and take related
actions. (CDC)
6. Manager'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 Economic Development Negotiations: (1) To discuss or
deliberate regarding commercial or financial information that the Board of
Directors has received from a business prospect that the Board of Directors
seeks to have locate, stay, or expand in or near the territory of the City of Anna
and with which the Board is conducting economic development negotiations; or,
(2) To deliberate the offer of a financial or other incentive to a business prospect
described by subdivision (1). (Tex. Gov’t Code §551.087); potential retail and
medical projects.
8. Reconvene into open session and take any action on closed session items.
9. Receive reports from staff or Board Members about items of community interest.
10. Adjourn.
This is to certify that I, Natasha Roach, 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 07/31/2026.
______________________________
Natasha Roach,
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 i t
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 ar e 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.
“NOTICE OF POSSIBLE QUORUM”
Thursday, August 6, 2026 @ 6:00 PM
CDC/EDC Meeting
Anna Municipal Complex, Council Chambers
120 W. 7th Street
Anna, TX, 75409
The Anna City Council, Board of Adjustment, Neighbor Engagement and Inclusion Advisory
Commission, Parks and Recreation Advisory Board, and Planning and Zoning Commission may
have a quorum in attendance at this meeting.
CDC/EDC Meeting
It is not a certainty that a Quorum or other number of members of a City Affiliated Body will
attend the event; and
No vote or any other action will be taken by any Quorum or other number of members of a City-
Affiliated Body that may be in attendance at the event; and
The attendance or nonattendance of the event by a Quorum or other number of members of a
City-Affiliated Body is not an endorsement or any other type of statement in support of or
against any event, topic, position or issue that may be the subject of or discussed at the
Community Meeting.
This is to certify that I, Natasha Roach, Director of Economic Development, posted this Notice of
Quorum at a place readily accessible to the public at the Anna City Hall and on the City Hall
bulletin Board by 5:00 PM, 07/31/2026
_________________________
Natasha Roach,
Director of Economic Development
Item No. 1.
EDC/CDC Agenda
Staff Report
Meeting Date: 8/6/2026
Staff Contact:
AGENDA ITEM:
Call to Order, Roll Call, and Establishment of Quorum.
SUMMARY:
FINANCIAL IMPACT:
STAFF RECOMMENDATION:
ATTACHMENTS:
Item No. 2.
EDC/CDC Agenda
Staff Report
Meeting Date: 8/6/2026
Staff Contact:
AGENDA ITEM:
Invocation and Pledge of Allegiance.
SUMMARY:
FINANCIAL IMPACT:
STAFF RECOMMENDATION:
ATTACHMENTS:
Item No. 3.
EDC/CDC Agenda
Staff Report
Meeting Date: 8/6/2026
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.
FINANCIAL IMPACT:
STAFF RECOMMENDATION:
ATTACHMENTS:
Item No. 4.a.
EDC/CDC Agenda
Staff Report
Meeting Date: 8/6/2026
Staff Contact: Salena Tittle
AGENDA ITEM:
Approve minutes from the July 2, 2026, Joint Community Development Corporation and
Economic Development Corporation Meeting. (CDC)
SUMMARY:
Review and approve the meeting minutes from the July 2, 2026, Joint CDC/EDC
Meeting.
FINANCIAL IMPACT:
This item has no financial impact.
STAFF RECOMMENDATION:
Staff recommends approval.
ATTACHMENTS:
1. July 2_2026 CDC EDC Joint Meeting Minutes_Draft
Anna Community Development Corporation and
Anna Economic Development Corporation Meeting Minutes
Thursday, July 2, 2026 @ 6:00 PM
The Anna Community Development Corporation and the Anna Economic Development
Corporation conducted a joint meeting at 6:00 PM on Thursday, July 2, 2026, 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 6:03 PM.
Members Present:
Board President Bruce Norwood
Board Vice-President Manny Singh
Board Secretary Dwyke Williams
Board Member Noah Nylander
Board Member Rocio Gonzalez
Board Member Edward Culham
Board Member Katherine Swafford
Others Present:
Director Natasha Roach
Economic Development Manager Salena Tittle
City Attorney Clark McCoy
Mayor Pete Cain
Councilwoman Kelly Patterson-Herndon
2. Invocation and Pledge of Allegiance.
Board Secretary Dwyke Williams led the Invocation and Board Member Noah
Nylander led the Pledge of Allegiance and the Texas Pledge.
3. Neighbor Comments.
Persons may address the Board of Directors on items not on the agenda; please observe
the time limit of three (3) minutes. Members of the Board cannot comment on or deliberate
statements of the public except as authorized by Section 551.042 of the Texas Government
Code.
There were none.
4. Consent Agenda.
a. Approve minutes from the June 4, 2026, Joint Community Development
Corporation and Economic Development Corporation Meeting. (CDC)
b. Approve minutes from the June 4, 2026, 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, 4a & 4b. Board Member
Rocio Gonzalez seconded the motion. In a 7-0 vote, all were in favor.
Motion passed.
5. Individual Consideration.
a. Conduct a Public Hearing and Consider/Discuss/Action on Resolution No.
2026-07-10 approving an Economic Incentive Performance Agreement between
the Anna Community Development Corporation and White & Willow – Anna,
LLC relating to the Willow Creek Addition, Phase 1B development. (CDC)
Board President Bruce Norwood opened the Public Hearing at 6:06 PM.
Board President Bruce Norwood closed the Public Hearing at 6:08 PM.
Board President Bruce Norwood recused himself and abstained from the vote
due to a conflict of interest.
Motion: Board Vice-President Manny Singh made a motion on behalf of
the CDC to approve the resolution authorizing an Economic Incentive
Performance Agreement between the CDC and White & Willow – Anna,
LLC. Board Member Noah Nylander seconded the motion. In a 6-0 vote, all
were in favor. Motion passed.
Manager's Report.
a. Strategic Plan Update
Economic Development Manager, Salena Tittle, gave a brief overview of the
highlights for the month of June. Those highlights included: Community
Engagement, Groundbreaking Events, Partnership Events, Small Business
Highlights, and Sponsorships Events.
No Action Taken
b. Financial Report / Sales Tax Update
Economic Development Manager, Salena Tittle, presented the Board with
updated information on increased sales tax & CDC sales tax for the month of
April 2026, which was up 13% from the previous year.
No Action Taken
c. Event Updates / Upcoming Events / Reminders
Economic Development Manager, Salena Tittle, provided the Board with a
couple of reminders: The Downtown Anna Branding Public Presentation which
will be held on Wednesday, July 8, 2026 and the Downtown Anna Marketing
Map Public Presentation which will take place on Wednesday, July 15, 2026
both at 6:00 PM and both held at the Anna Community Library. 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 Member Edward Culham made a motion to enter into
closed session. Board Member Katherine Swafford seconded the motion.
In a 7-0 vote, all were in favor. Motion passed.
The CDC/EDC Board entered into closed session at 6:17 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 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 7:20 PM.
9. Receive reports from staff or Board Members about items of community interest.
There were none.
10. Adjourn.
Board President Bruce Norwood adjourned the meeting at 7:20 PM.
Approved on the 6th day of August, 2026.
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: 8/6/2026
Staff Contact: Salena Tittle
AGENDA ITEM:
Approve minutes from the July 2, 2026, Joint Community Development Corporation and
Economic Development Corporation Meeting. (EDC)
SUMMARY:
Review and approve the meeting minutes from the July 2, 2026, Joint CDC/EDC
Meeting.
FINANCIAL IMPACT:
This item has no financial impact.
STAFF RECOMMENDATION:
Staff recommends approval.
ATTACHMENTS:
1. July 2_2026 CDC EDC Joint Meeting Minutes_Draft
Anna Community Development Corporation and
Anna Economic Development Corporation Meeting Minutes
Thursday, July 2, 2026 @ 6:00 PM
The Anna Community Development Corporation and the Anna Economic Development
Corporation conducted a joint meeting at 6:00 PM on Thursday, July 2, 2026, 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 6:03 PM.
Members Present:
Board President Bruce Norwood
Board Vice-President Manny Singh
Board Secretary Dwyke Williams
Board Member Noah Nylander
Board Member Rocio Gonzalez
Board Member Edward Culham
Board Member Katherine Swafford
Others Present:
Director Natasha Roach
Economic Development Manager Salena Tittle
City Attorney Clark McCoy
Mayor Pete Cain
Councilwoman Kelly Patterson-Herndon
2. Invocation and Pledge of Allegiance.
Board Secretary Dwyke Williams led the Invocation and Board Member Noah
Nylander led the Pledge of Allegiance and the Texas Pledge.
3. Neighbor Comments.
Persons may address the Board of Directors on items not on the agenda; please observe
the time limit of three (3) minutes. Members of the Board cannot comment on or deliberate
statements of the public except as authorized by Section 551.042 of the Texas Government
Code.
There were none.
4. Consent Agenda.
a. Approve minutes from the June 4, 2026, Joint Community Development
Corporation and Economic Development Corporation Meeting. (CDC)
b. Approve minutes from the June 4, 2026, 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, 4a & 4b. Board Member
Rocio Gonzalez seconded the motion. In a 7-0 vote, all were in favor.
Motion passed.
5. Individual Consideration.
a. Conduct a Public Hearing and Consider/Discuss/Action on Resolution No.
2026-07-10 approving an Economic Incentive Performance Agreement between
the Anna Community Development Corporation and White & Willow – Anna,
LLC relating to the Willow Creek Addition, Phase 1B development. (CDC)
Board President Bruce Norwood opened the Public Hearing at 6:06 PM.
Board President Bruce Norwood closed the Public Hearing at 6:08 PM.
Board President Bruce Norwood recused himself and abstained from the vote
due to a conflict of interest.
Motion: Board Vice-President Manny Singh made a motion on behalf of
the CDC to approve the resolution authorizing an Economic Incentive
Performance Agreement between the CDC and White & Willow – Anna,
LLC. Board Member Noah Nylander seconded the motion. In a 6-0 vote, all
were in favor. Motion passed.
Manager's Report.
a. Strategic Plan Update
Economic Development Manager, Salena Tittle, gave a brief overview of the
highlights for the month of June. Those highlights included: Community
Engagement, Groundbreaking Events, Partnership Events, Small Business
Highlights, and Sponsorships Events.
No Action Taken
b. Financial Report / Sales Tax Update
Economic Development Manager, Salena Tittle, presented the Board with
updated information on increased sales tax & CDC sales tax for the month of
April 2026, which was up 13% from the previous year.
No Action Taken
c. Event Updates / Upcoming Events / Reminders
Economic Development Manager, Salena Tittle, provided the Board with a
couple of reminders: The Downtown Anna Branding Public Presentation which
will be held on Wednesday, July 8, 2026 and the Downtown Anna Marketing
Map Public Presentation which will take place on Wednesday, July 15, 2026
both at 6:00 PM and both held at the Anna Community Library. 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 Member Edward Culham made a motion to enter into
closed session. Board Member Katherine Swafford seconded the motion.
In a 7-0 vote, all were in favor. Motion passed.
The CDC/EDC Board entered into closed session at 6:17 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 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 7:20 PM.
9. Receive reports from staff or Board Members about items of community interest.
There were none.
10. Adjourn.
Board President Bruce Norwood adjourned the meeting at 7:20 PM.
Approved on the 6th day of August, 2026.
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: 8/6/2026
Staff Contact: Natasha Roach
AGENDA ITEM:
Conduct a Public Hearing and Consider/Discuss/Action on Resolution No. 2026-08-11
approving the Fiscal Year 2026-2027 Anna CDC budget and authorizing publication of
the adopted budget. (CDC)
SUMMARY:
Staff is proposing a 2026-2027 Fiscal Year CDC budget of $4,017,609.00. If approved,
it will allow for land acquisition and improvements, building improvements, equipment
purchases, capital expenditures, promotional expenditures, legal services,
administrative personnel services, and other purposes permitted by law in order to
improve community development and promote new or expanded business enterprises
for the benefit of the public.
FINANCIAL IMPACT:
This item has no financial impact.
STAFF RECOMMENDATION:
Staff recommends that the Board approve Resolution No. 2026-08-11 approving the
proposed 2026-2027 Fiscal Year CDC budget.
ATTACHMENTS:
1. 2026-08-11 CDC Resolution - CDC 2026-2027 FY Budget
2. Exhibit A - Proposed FY 2026-2027 CDC Budget
ANNA COMMUNITY DEVELOPMENT CORPORATION
to be effective October 1, 2026, the Anna Community Development
Corporation (the “CDC”) and subject to approval of the City of Anna City Council, the
Board of Directors of the CDC desires to approve and adopt the CDC budget for the
2026-2027 fiscal year; and
the CDC Board of Directors (the “Board of Directors”) of the Anna
Community Development Corporation (the “Corporation”), created by the City of Anna,
Texas (the “City”), in accordance with Article 5190.6, V.A.T.C.S., Section 4B, and now
operating under Texas Local Government Code, Chapter 505 (the “Act”) has
determined that it is advisable and in the best interests of the Corporation to give notice
of the intention of the Corporation to undertake the following projects:
Land acquisition and improvements, building improvements, equipment
purchases, park facilities and improvements, capital expenditures, targeted
infrastructure, site improvements, promotional expenditures, engineering and/or
legal services, administrative personnel services, and other purposes permitted
by law, in order to provide improved community development and/or to promote
new or expanded business enterprises for the benefit of the public. The costs of
the Projects are estimated not to exceed $4,017,609.00 including but not limited
to the specific projects or general types of projects set forth in the Anna
Community Development Corporation’s 2026-2027 fiscal year budget.
The Projects will be financed and/or paid from the proceeds of sales tax revenue and
other resources of the Corporation.
such projects are authorized under the Act and found by the Board of
Directors to promote new or expanded business development pursuant to Section
505.158, Texas Local Government Code; and
it is hereby officially found and determined that the meeting at which this
Resolution was passed, 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 Local
Government Code; and
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 Fiscal Year 2026-2027 Budget
The CDC Board of Directors hereby approves adopting the Anna Community
Development Corporation 2026-2027 fiscal year budget as set forth in Exhibit A,
attached hereto and incorporated herein for all purposes as if set forth in full, subject to
approval by the City of Anna City Council.
PASSED AND APPROVED by the Anna Community Development Corporation on this
6th day of August 2026.
APPROVED:
_____________________________
Bruce Norwood, CDC President
ATTEST:
________________________________
Dwyke Williams, CDC Secretary
Item No. 5.b.
EDC/CDC Agenda
Staff Report
Meeting Date: 8/6/2026
Staff Contact: Natasha Roach
AGENDA ITEM:
Consider/Discuss/Action on Resolution No. 2026-08-12 approving the Fiscal Year 2026-
2027 Anna EDC budget. (EDC)
SUMMARY:
Staff is proposing a 2026-2027 Fiscal Year EDC budget of $1,590,000.00. If approved,
it will allow for prospective incentives and possible building costs.
FINANCIAL IMPACT:
This item has no financial impact.
STAFF RECOMMENDATION:
Staff recommends that the Board approve Resolution No. 2026-08-12 approving the
proposed 2026-2027 Fiscal Year EDC budget.
ATTACHMENTS:
1. 2026-08-12 EDC Resolution - EDC 2026-2027 FY Budget
2. Exhibit A - Proposed FY 2026-2027 EDC Budget
ANNA ECONOMIC DEVELOPMENT CORPORATION
to be effective October 1, 2026, the Anna Economic Development
Corporation (the “EDC”) and subject to approval of the City of Anna City Council, the
Board of Directors of the EDC desires to approve and adopt the EDC budget for the
2026-2027 fiscal year; and
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 Fiscal Year 2026-2027 Budget
The EDC Board of Directors hereby approves adopting the Anna Economic
Development Corporation 2026-202 fiscal year budget as set forth in Exhibit A, attached
hereto and incorporated herein for all purposes as if set forth in full, subject to approval
by the City of Anna City Council.
PASSED AND APPROVED by the Anna Economic Development Corporation on this 6th
day of August 2026.
APPROVED:
_____________________________
Bruce Norwood, CDC President
ATTEST:
________________________________
Dwyke Williams, CDC Secretary
Item No. 5.c.
EDC/CDC Agenda
Staff Report
Meeting Date: 8/6/2026
Staff Contact: Natasha Roach
AGENDA ITEM:
Consider/Discuss/Act on Resolution No. 2026-08-13 approving an agreement with The
Retail Coach for professional Contract Services. (CDC)
SUMMARY:
The Anna CDC would like to continue its partnership with The Retail Coach to support
business recruitment and implement business development initiatives. As part of the
ongoing scope of work, The Retail Coach provides comprehensive market analysis,
retail demand analysis to identify recruitment opportunities, and targeted lists of
retailers, restaurants, and developers that align with the community's growth objectives.
In addition, The Retail Coach develops marketing and branding materials, including
developer opportunity packages, and actively recruits retailers and developers by
coordinating meetings with Anna EDC staff at industry events and other national retail
conferences. The Retail Coach also provides monthly progress reports and strategic
updates to keep staff informed on recruitment efforts, market trends, and ongoing
project activity.
The current agreement is based on a 12-month term, allowing The Retail Coach to
provide continuous support as the City of Anna experiences sustained growth. Through
this established partnership, The Retail Coach serves as an extension of EDC staff,
helping attract high-quality retail and commercial development that meets the needs of
the community while supporting the City's long-term economic development goals.
FINANCIAL IMPACT:
The 2026-2027 fiscal year budgeted expenditure of funds is not to exceed $20,000 for
services provided by The Retail Coach.
STAFF RECOMMENDATION:
Staff recommends approval of the agreement with The Retail Coach and authorization
for the expenditure of funds not to exceed $20,000.
ATTACHMENTS:
1. 2026-08-13 CDC Resolution - The Retail Coach Agreement
2. The Retail Coach Agreement
ANNA COMMUNITY DEVELOPMENT CORPORATION
the Anna Community Development Corporation (the “CDC”) wishes to
expend funds for contract service purposes to provide business recruitment of retailers
and developers; and
the CDC Board of Directors (the “Board of Directors”) finds that this project
and expenditure is to promote new or expanded business development; 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 approves authorizes the Board President to
execute a contract for business recruitment services with The Retail Coach, LLC and to
charge the CDC’s contract services line item in an amount not to exceed $20,000 in the
Fiscal Year 2026-2027 for business recruitment of retailers and developer services for
community and economic development purposes.
PASSED AND APPROVED by the Anna Community Development Corporation on this
6th day of August 2026.
APPROVED:
_____________________________
Bruce Norwood, CDC President
ATTEST:
________________________________
Dwyke Williams, CDC Secretary
PROFESSIONAL SERVICES AGREEMENT
This Agreement for Professional Services ("Agreement") is made by and between the Anna
Community Development Corporation ("Client") and The Retail Coach, LLC, a limited
liability company ("Professional") (each a "Party" and collectively the "Parties"), acting by
and through their authorized representatives.
RECITALS:
WHEREAS, Client desires to engage the services of the Professional as an independent
contractor, and not as an employee, to provide the services described in Exhibit "A" (the "Scope
of Services") to assist Client in creating a Retail Recruitment & Development Strategy (the
"Project"); and
WHEREAS, the Professional desires to render professional services for Client on the
terms and conditions set forth in this Agreement;
NOW THEREFORE, in exchange for the mutual covenants set forth herein, and other
valuable consideration, the sufficiency and receipt of which are hereby acknowledged, the Parties
agree as follows:
Article I
Term
1.1 This Agreement shall commence on execution of this agreement ("Effective
Date") and continue for twelve months.
Article II
Scope of Service
2.1 The Professional shall perform the services in connection with the Project as set
forth in the Scope of Services.
2.2 The Parties acknowledge and agree that any and all opinions provided by the
Professional in connection with the Scope of Services represent the professional judgment of the
Professional, in accordance with the professional standard of care applicable by law to the services
performed hereunder.
Article III
Schedule of Work
The Professional agrees to complete the agreement in accordance with the Scope of
Services outlined in Exhibit "A".
Article IV
Compensation and Method of Payment
4.1 Professional will be compensated in accordance with the payment schedule and
amounts set forth in the Scope of Services, not to exceed a total amount of twenty thousand
dollars ($20,000).
Article V
Devotion of Time; Personnel; and Equipment
5.1 The Professional shall devote such time as reasonably necessary for the satisfactory
performance of the services under this Agreement. Should Client require additional services not
included under this Agreement, the Professional shall make reasonable effort to provide such
additional services within the time schedule without decreasing the effectiveness of the
performance of services required under this Agreement and shall be compensated for such
additional services as agreed between the Parties.
5.2 The Professional shall furnish the facilities, equipment and personnel necessary to
perform the services required under this Agreement unless otherwise provided herein.
CONSULTANT shall not have or claim any right arising from employee status.
Article VI
Miscellaneous
6.1 Entire Agreement. This Agreement constitutes the sole and only agreement
between the Parties and supersedes any prior understandings written or oral agreements between
the Parties with respect to this subject matter.
6.2 Assignment. The Professional may not assign this Agreement without the prior
written consent of Client. In the event of an assignment by the Professional to which the Client
has consented, the assignee shall agree in writing with Client to personally assume, perform, and
be bound by all the covenants, and obligations contained in this Agreement.
6.3 Successors and Assigns. Subject to the provisions regarding assignment, this
Agreement shall be binding on and inure to the benefit of the Parties to it and their respective
heirs, executors, administrators, legal representatives, successors and assigns.
6.4 Governing Law. The laws of the State of Texas shall govern this Agreement.
6.5 Amendments. This Agreement may be amended by the mutual written agreement
of the Parties.
6.6 Severability. In the event any one or more of the provisions contained in this
Agreement shall for any reason be held to be invalid, illegal, or unenforceable in any respect, such
invalidity, illegality or unenforceability shall not affect any other provisions, and the Agreement
shall be construed as if such invalid, illegal, or unenforceable provision had never been contained
in it.
6.7 Independent Contractor. It is understood and agreed by and between the Parties
that the Professional, in satisfying the conditions of this Agreement, is acting independently, and
that Client assumes no responsibility or liabilities to any third party in connection with these
actions. All services to be performed by Professional pursuant to this Agreement shall be in the
capacity of an independent contractor, and not as an agent or employee of Client. The
Professional—and not Client—shall solely control the means, methods, sequences, procedures, or
techniques utilized by the Professional to perform work or services under this Agreement.
6.8 Notice. Any notice required or permitted to be delivered hereunder may be sent by
first class mail or overnight courier to the address specified below, or to such other Party or address
as either Party may designate in writing, and shall be deemed received three (3) days after delivery
set forth herein:
If intended for Client:
Attn: Natasha Roach
Director of Economic Development
Anna Community Development Corporation
120 W. 7th St.
Anna, TX 75409
If intended for Professional:
Attn: Aaron Farmer
President
PO Box 7272
Tupelo, MS 38802
6.9 Insurance.
(a)Professional shall during the term hereof maintain in full force and effect the
following insurance: (i) a comprehensive general liability policy of insurance for
bodily injury, death and property damage insuring against all claims, demands or
actions relating to the Professional's performance of services pursuant to this
Agreement with a minimum combined single limit of not less than $1,000,000.00
per occurrence for injury to persons (including death), and for property damage;
(ii)statutory Worker's Compensation Insurance at the statutory limits and
Employers Liability covering all of Professional's employees involved in the provision
of services under this Agreement with policy limit of not less than
$500,000.00; and (iii) Professional Liability covering negligent acts, errors and
omissions in the performance of professional services with policy limit of not less than
$1,000,000.00 per claim and $1,000,000.00 in the aggregate.
(b)All policies of insurance shall be endorsed and contain the following provisions:
(1)name Client, its officers, and employees as additional insureds as to all applicable
coverage with the exception of Workers Compensation Insurance and Professional
Liability; and (2) provide for at least thi1ty (30) days prior written notice to the Client
for cancellation of the insurance; (3) provide for a waiver of subrogation against the
Client for injuries, including death, property damage, or any other loss to the
extent the same is covered by the proceeds of insurance, except for Professional
Liability Insurance. The Professional shall provide written notice to the Client of any
material change of or to the insurance required herein.
(c)A certificate of insurance and copies of the policy endorsements evidencing the
required insurance shall be submitted prior to commencement of services and upon
request by Client.
6.10 Indemnification. CLIENT SHALL NOT BE LIABLE FOR ANY LOSS,
DAMAGE, OR INJURY OF ANY KIND OR CHARACTER TO ANY PERSON OR
PROPERTY ARISING FROM THE SERVICES OF THE PROFESSIONAL PURSUANT TO
THIS AGREEMENT. PROFESSIONAL HEREBY WAIVES ALL CLAIMS AGAINST
CLIENT , ITS OFFICERS, AGENTS AND EMPLOYEES (COLLECTIVELY REFERRED TO
IN THIS SECTION AS "CLIENT") FOR DAMAGE TO ANY PROPERTY OR INJURY TO,
OR DEATH OF, ANY PERSON ARISING AT ANY TIME AND FROM ANY CAUSE OTHER
THAN THE NEGLIGENCE OR WILLFUL MISCONDUCT OF CLIENT OR BREACH OF
CLIENT'S OBLIGATIONS HEREUNDER. PROFESSIONAL AGREES TO INDEMNIFY
AND SAVE HARM LESS CL IENT FROM AND AGAINST ANY AND ALL LIABILITIES,
DAMAGES, CLAIMS, SUITS, COSTS (INCLUDING COURT COSTS, ATTORNEYS' FEES,
RELATED EXPENSES AND COSTS OF INVESTIGATION) AND ACTIONS OF ANY KIND
BY REASON OF INJURY TO OR DEATH OF ANY PERSON OR DAMAGE TO OR LOSS
OF PROPERTY TO THE EXTENT CAUSED BY THE PROFESSIONAL'S NEGLIGENT
PERFORMANCE OF SERVICES UNDER THIS AGREEMENT OR BY REASON OF ANY
NEGLIGENT ACT OR OMISSION OR OTHER WRONGFUL ACT OR OMISSION ON THE
PART OF PROFESSIONAL, ITS OFFICERS, DIRECTORS, SERVANTS, EMPLOYEES,
REPRESENTATIVES, CONSULT ANTS, LICENSEES, SUCCESSORS OR PERMITTED
ASSIGNS (EXCEPT WHEN SUCH LIABILITY, CLAIMS, SUITS, COSTS, INJURIES,
DEATHS OR DAMAGES ARISE FROM OR ARE ATTRIBUTED TO NEGLIGENCE OF THE
CLIENT, IN WHOLE OR IN PART, IN WHICH CASE PROFESSIONAL SHALL
INDEMNIFY CLIENT ONLY TO THE EXTENT OR PROPORTION OF NEGLIGENCE
ATTRIBUTED TO PROFESSIONAL AS DETERMINED BY A COURT OR OTHER FORUM
OF COMPETENT JURISDICTION). THE PROFESSIONAL 'S OBLIGATIONS UNDER THIS
SECTION SHALL NOT BE LIMITED TO THE LIMITS OF COVERAGE OF
INSURANCE MAINTAINED OR
EXECUTED this day of , 2026.
Anna Community Development Corporation
By:
Name:
Title:
EXECUTED this day of , 2026.
The Retail Coach, LLC
By:
Name
Title:
EXHIBIT “A”
Scope of Services
E X H I B I T A:
Anna Texas Economic Development
Corporation & Community
Development Corporation
Retail Recruitment & Development Strategy
P R E P A R E D BY:
Aaron Farmer
President
662.231.0608
afarmer@theretailcoach.net We Recruit Retail.
TheRetailCoach.net | 800.851.0962 | Austin, TX | Dallas, TX | Tupelo, MS
RET AIL R E C R U I T M E N T & D E V E L O P M E N T S T R A TEGY
We Recruit Retail. 2
We Recruit Retail.
Table of Contents 2
Recruitment Successes 3-4
About The Retail Coach 5-7
Project Deliverables 8
Scope of Work 9-21
Project Pricing & Timeline 22
C O M P ANY P R O F I L E : S U C C E S S E S
We Recruit Retail. 3
More Than 6 Million SF of New Retail
Recruited in the Last 5 Years
Our proven Retail:360® Process has been instrumental in recruiting new retailers and
developers to our client communities.
College Station, Texas Odessa, TX
Harker Heights, Texas McKinney, Texas
C O M P ANY P R O F I L E : S U C C E S S E S
We Recruit Retail. 4
More Than 6 Million SF of New Retail
Recruited in the Last 5 Years
From Bass Pro Shops to Dollar General - we recruit the retail and retailers that fit our
clients’ markets.
C O M P ANY P R O F I L E
We Recruit Retail. 5
850+
COMMUNITIES
SERVED
43
STATES WE'VE
WORKED IN
90%+
REPEAT CLIENT RATE
Our work throughout the country allows our team to stay current on retail trends
and deepen our relationships with national and regional brands.
These relationships create unique opportunities for our client communities. When
brands begin planning to expand into new markets, we are often one of the first
to know and retailers/brokers will often look to our client list or ask our team for
prospective markets to consider.
National Expertise.
Local Focus.
We Recruit Retail. 6
What Makes Us Different?
Experienced & Connected
We pioneered the retail recruitment industry more than 25
years ago and leverage more than two decades of
experience and relationships to help drive retail growth in
your community.
Full Transparency
We track recruitment activity and prospect feedback in your
custom retail recruitment dashboard and host monthly calls
with your team to keep you updated on progress.
Our Team is Your Team
We take a partnership approach and become an extension
of your team. Our clients are invited to participate in the
recruitment process, allowing you to learn and expand your
network.
We are Consultants. Not Brokers.
We pride ourselves on being consultants, not brokers.
We only do what is in the best interest of our client
communities and their future growth. We don't take shortcuts
or go with the path of least resistance to fill retail spaces.
OUR A P P R O A C H : RET AIL 360®
PROPOSAL: RETAIL RECRUITMENT CONSULTANT SERVICES 00
Retail Recruitment is a Process, Not an
Event.
Through our proprietary Retail 360® Process, we offer a dynamic system of products and services that enable communities to
expand their retail base and generate additional sales tax revenue.
Our Retail 360® Process identifies strengths, weaknesses, opportunities, and threats to your community's ability to attract
retail and highlights your community’s advantage over competing cities. Through our multi-phase approach to recruiting new
retailers, we are able to help communities build a long-term retail economic development plan.
MARKET -BASED
SOLUTIONS
We understand that every client
community has its own unique set of
development needs.
That's why we work with our clients to
determine those needs and offer custom,
tailored, data-driven solutions.
ON-THE -GROUND
ANALYSIS
Just as each client has their own set of
needs, we know that each client has a
unique position in the marketplace as it
competes to recruit new retailers.
We spend time in your community with
leaders and stakeholders, which enables
us to determine your market position and
identify retailers that fit your community.
ACTION PLAN
FOR GROWTH
We analyze, recommend, and execute
aggressive strategies for pursuing the ideal
retailers, as well as coaching our clients
through the recruitment and development
process.
This partnership typically produces best
results when, together, we derive short-
term and long-term strategies based on
market data and opportunities.
We Recruit Retail. 7
RET AIL 3 6 0 ® : D E L I V E R A B L E S
Project Deliverables
Analyzing the Market
Competing Communities Analysis
Custom Retail Trade Area Map
Retail Trade Area Demographic Profile
Retail Trade Area Psychographic Profile
City Demographic Profile
Discussions with Key Community and Business Stakeholders
Determining Retail Opportunities
Retail Demand Analysis
Identifying Development Opportunities
Analysis of Development Sites
Identify Retailers & Developers
Target List of Retailers (and Restaurants)
Marketing & Branding
Retail Market Profile
Customized Retailer Feasibility Packages
Developer Opportunity Package
Online Retail Dashboard (Retail 360® Website)
Recruitment of Retailers & Developers
Retailer & Developer Recruitment Status Dashboard (AirTable)
Monthly Recruitment
Ongoing Recruitment & Coaching
Ongoing Coaching and Support from The Retail Coach Team
Representation of the City at Regional and National Retail Industry Events
We Recruit Retail. 8
RE T AIL 3 6 0 ® : P H A S E 1
Analyzing the Market
The Retail Coach will perform extensive market research and analysis to evaluate the Anna
community and surrounding area. This “macro to micro” approach enables The Retail Coach to analyze
competitive and economic forces that may impact Anna's retail recruitment and development plan.
Competing Community Analysis
It is important to monitor what is occurring in area communities from a retail economic development
perspective. What are their advantages and/or challenges? Are they experiencing positive or negative
growth? What are their current retail offerings?
The Retail Coach will look at competing communities to identify competitive advantages, through economic
and market forces, that have a direct impact on retail recruitment and development in Anna.
Custom Retail Trade Area Determination
The Retail Trade Area is the geographical area from which the community’s retailers derive a majority of
their business. It is the foundational piece of the retail plan and its accuracy is critical.
High-Impact Mobile Data Analysis
The Retail Coach will utilize mobile location technology that analyzes location and behavioral data collected
from mobile devices to determine consumer visits to Anna. This high-confidence data is used to determine
Retail Trade Areas and validate retail site selection decisions.
The Retail Coach will hand draw the Retail Trade Area map for Anna based on mobile phone data from
consumers, as well as on-the-ground analysis from The Retail Coach Team.
Understanding your true customer base is
critical to quantifying the demand for new
retail and restaurant development.
We use real data collected from actual
customers in your community to analyze
trade area boundaries, competitive markets,
and leakage. This high confidence data
allows our team to tell your community's
story and show potential investors why they
need to be in your market.
We Recruit Retail. 10
RE T AIL 3 6 0 ® : P H A S E 1
Analyzing the Market
Demographic Profiling
A community must be able to instantaneously provide information and data sets required by retailers during
the site evaluation and site selection process. The data must be accurate, current, and readily available.
The Retail Coach will create comprehensive 2020 Census and 2025 and 2030 demographic profiles for the
Retail Trade Area and Anna community. The comprehensive profile includes population and projected
population growth, ethnicities, average and median household incomes, median age, households and
household growth, and educational attainment.
Psychographic Profiling
As retail site selection has evolved from an art to a science, psychographic lifestyle segmentation has
become an essential element of retailers’ preferred location criteria. Understanding a consumer’s
propensity to purchase certain retail goods and services—as well as specific retail brands—is valuable to
national, regional, and local retailers. Knowing the retail sectors and products that consumers demand
removes a great deal of risk for businesses.
The Retail Coach will develop an ESRI Tapestry Segmentation Profile of the households in the Retail Trade
Area. This is done by using the most advanced socioeconomic and demographic data to measure consumer
attitudes, values, lifestyles, and purchasing behaviors, to understand the sectors and brands of retailers that
may be of interest.
We Recruit Retail. 11
RET AIL 3 6 0 ® : P H A S E 2
Determining Retail Opportunities
Retail Demand Analysis
A community is able to quantify its retail demand through a Retail Demand Analysis, which provides a
summary of the projected retail demand growth — or opportunities — for 68 retail sectors. The
analysis is ultimately used to identify specific recruitment targets for the community.
The Retail Demand Analysis will:
•Identify retail demand growth opportunities for more than 68 retail sectors
•Distinguish retail sectors with the highest propensity for success and qualify their ultimate
potential
The Retail Coach will determine the level of retail demand for the Retail Trade Area and use projected
demand to help identify opportunity areas and prioritize retail market sectors for recruitment.
We Recruit Retail. 12
RE T AIL 3 6 0 ® : P H A S E 3
Identifying Development Opportunities
Identifying & Marketing Available Sites
Retailers are not only interested in market data on your community, but also interested in evaluating all
available property vacancies and sites that fit their location preferences. A community must create and
maintain a database of prime available properties along with accurate and current market information.
Successful retail recruitment begins with the introduction of available sites.
The Retail Coach will identify priority retail vacancies and development/redevelopment sites to market.
Factors influencing site selection for priority sites will include:
•Existing market conditions
•Retail Trade Area population
•Traffic counts and traffic patterns
•Site-line visibility from primary & secondary traffic arteries
•Ingress/egress
•Adequate parking
•Site characteristics
•Proximity to retail clusters
We Recruit Retail. 13
RE T AIL 3 6 0 ® : P H A S E 4
Identifying Retailers & Developers for Recruitment
The Retail Coach has been successful in recruiting leading retail brands to our client communities for more than 25
years. Our process is driven by providing accurate and current data sets, as well as site-specific information, to
retailers that “fit” the community.
Identifying Potential Retailers
The Retail Coach will target national and regional brands that are a “good fit” for Anna. This means
that the Retail Trade Area population, ethnicities, incomes, ages, and educational levels meet the retailers’ ideal location criteria.
The Retail Coach will develop and review a master list of potential retailers with Anna staff and work together to prepare a final target list of retailers for recruitment. This list will include first-to-the-market concepts that may be a
good fit for the community.
Identifying Potential Developers
Much of our recruitment success comes from establishing a network of regional and national retail developers over the past 25
years. Developer networking and recruitment have become key components in a community’s retail recruitment and
development/redevelopment success. If a retailer were to express interest in the community, and there was not ready-to-lease
properties matching their needs and brand requirements, a developer must be identified to build the interested retailer a suitable
property.
The Retail Coach will utilize its network to identify retail real estate developers active in Anna and the region for recruitment.
RE T AIL 3 6 0 ® : P H A S E 5
We Recruit Retail. 14
Marketing & Branding
To attract targeted retailers, a critical step is to provide accurate and current community and Retail Trade Area data
and information. It is important that this marketing information positively reflects the community’s positive attributes
and brand to corporate site selectors, real estate brokers, and developers. This information is essential for them in
making initial decisions about locating in the community.
Retail Market Profile
The Retail Coach will develop a Retail Market Profile tailored to the specific needs of targeted retailers’ essential site
selection and location criteria for Anna. The profile serves as a community introduction, and includes:
•Retail Trade Area Map
•Location Map
•Demographic Profile Summary
•Appropriate logo and contact information
Specialized Recruitment Packages & Reports
Retail economic development enjoys a broad definition throughout the industry and, oftentimes, highly specialized
reports are needed. These reports are developed to address the specific needs of our clients, retailers and/or
developers.
RE T AIL 3 6 0 ® : P H A S E 5
We Recruit Retail. 15
Marketing & Branding
Developer Package
The Retail Coach will create a marketing package for retail developers active in the community and region to generate
their interest in retail development opportunities.
The Retail Coach will create a Developer Package to highlight development and redevelopment opportunities in Anna.
This package may include:
•Community Overview & Location Map
•Retail Trade Area & Demographic Trends
•Aerial Imagery & Traffic Counts
•Site-line visibility from major and secondary traffic arteries
•Ingress/egress for primary and secondary traffic arteries
•Median cuts or possibilities
•Traffic signal existence or possibilities
•Site characteristics and topography
•Area Retail & Zoning
•Residential clustering and support
•Proximity to “anchor” retailers
•Top Employers & Workplace Population
•Interested retailers
RE T AIL 3 6 0 ® : P H A S E 5
We Recruit Retail. 16
Marketing & Branding
Online Retail Dashboard
Being able to quickly and easily access and share retail opportunity information greatly increases a community’s
opportunity for success. To assist with this, we develop a custom online retail dashboard that can be accessed anytime
through a branded Retail360® link. With a few clicks, retailers, brokers and developers can learn about your
community’s retail potential like never before.
The Retail Coach will create a Retail360® Retail Dashboard for Anna, which will be available for visual presentation and
easy downloading of all data sets, available sites, and marketing information.
We Recruit Retail. 17
RE T AIL 3 6 0 ® : P H A S E 5
Marketing & Branding
Interactive Site Mapping
Retail site selectors do much of their research while in hotel rooms and in airports, so a visual GIS platform that
streamlines data and sites into one interactive and centralized location is a powerful tool.
We will develop a concise, easy-to-access, interactive site mapping platform for Anna along with the preloaded prime
vacancies and development/redevelopment sites that we will be marketing. Data can be presented by demographic,
socioeconomic, psychographic, and retail spending layers that are detailed down to the block level, to meet the
needs of each individual user — whether they be a retailer, developer, or even a local entrepreneur.
RE T AIL 3 6 0 ® : P H A S E 6
We Recruit Retail. 18
Recruiting Retailers & Developers
Recruitment of Retailers
We were the first national retail recruitment firm to introduce retailer and developer recruitment specifically for
communities. More than 25 years and 850 projects later, the recruitment of retailers remains one of our primary metrics
of success. Today, our success has proven that a community must move beyond just gathering data sets, and
proactively recruit retail.
The Retail Coach will actively recruit retailers to Anna. Our process includes:
• Introductory emails and retail market profile are sent to each targeted retailer.
• Personal calls are placed to measure interest level.
• Personal emails and retailer feasibility packages are sent to each targeted retailer.
• Personal emails and retail site profiles for prime vacancies are sent to the appropriate targeted retailers.
• Personal emails are sent to inform targeted retailers of significant market changes.
• Personal emails are sent to decision markers once per quarter to continue seeking responses regarding their
interest level in the community.
• A retailer status report is provided with each retailer’s complete contact information and comments resulting from
recruitment activities.
Recruitment of Developers
Much of our recruitment success comes from having established a network of retail real estate developers over the
past 25 years. Oftentimes, a retailer or retailers may have interest in a community, only to find that suitable
properties do not exist.
The Retail Coach will actively recruit developers for Anna, if an opportunity is identified. Our process includes:
• Introductory emails and opportunity packages are sent to developers.
• Personal calls are placed to measure interest level.
• Personal emails are sent to inform developers of the status of interested retailers, and any significant market
changes.
• A developer status report is provided with each developer’s complete contact information and comments resulting
from recruitment activities.
RE T AIL 3 6 0 ® : P H A S E 6
We Recruit Retail. 19
Recruiting Retailers & Developers
Retail Conferences
The Retail Coach helps communities connect with retailers and developers at retail conferences such as Retail Live!,
the annual ICSC RECon and other regional events attended.
The Retail Coach will assist in marketing Anna and its opportunities to retailers, brokers, and developers at retail
industry conferences attended.
RE T AIL 3 6 0 ® : P H A S E 6
We Recruit Retail. 20
Recruiting Retailers & Developers
Retail Recruitment Accountability Dashboard
As part of our recruitment process, we provide access to a real-time recruitment dashboard where Anna staff can see
which retailers are being recruited, the latest touch points with each, and contacts we are actively
communicating with along with their interest level in the community.
The Retail Coach will set up a recurring monthly meeting with staff to review on-going recruitment activity, feedback
received from prospects, and any additional next steps or follow up items needed to advance recruitment with interested
retailers.
RET AIL 3 6 0 ® : P H A S E 8
We Recruit Retail. 21
Coaching & Ongoing Support
Retail Coaching
The Retail Coach partners with communities on a long-term basis and will be available when they have questions, new
ideas, or need data updates. We are also available if clients need to brainstorm opportunities as the community grows and
develops.
The Retail Coach will provide on-going coaching and support for retail recruitment activities throughout the project.
RET AIL 3 6 0 ® : T I M E L I N E & P R I C I N G
We Recruit Retail. 22
Project Timeline & Pricing
Pricing
The total fee for completion of this work is $20,000, payable in two installments:
a)$10,000 to be invoiced on October 20, 2026
b)$10,000 to be invoiced March 30, 2027
Optional Project Extension: If Anna elects to extend the project period, the additional fee shall be: $20,000 for an
additional 12 month period of data updates, ongoing recruitment, monthly updates and coaching.
Project Communication
At a minimum, The Retail Coach will
schedule monthly updates with staff to
provide progress reports and feedback.
Project Timeline
The Retail Coach is available to begin
work immediately with a project duration
of 12 months.
Project Focus
Our team will focus efforts in and
around Downtown Anna, while still
aiding with future development
opportunities throughout Anna as a
whole.
P R E P A R E D BY:
Aaron Farmer
President
662.231.0608
afarmer@theretailcoach.net We Recruit Retail.
TheRetailCoach.net | 800.851.0962 | Austin, TX | Dallas, TX | Tupelo, MS
Item No. 5.d.
EDC/CDC Agenda
Staff Report
Meeting Date: 8/6/2026
Staff Contact: Natasha Roach
AGENDA ITEM:
Consider/Discuss/Action on Resolution No. 2026-08-14 approving and ratifying a Real
Estate Sales Contract and Leaseback Agreement between William Bentley Powell for
the acquisition of approximately 5.115 acres of real property comprising in the City of
Anna for a purchase price of $2,339,498.70, including a temporary post-closing
leaseback and related right-of-way dedications at Rosamond and Interurban Street; and
authorizing the Board President or Vice President, the Economic Development Director
to execute closing and related documents and take all actions necessary to
consummate and administer the transaction. (CDC)
SUMMARY:
The purpose of this agenda item is to authorize the acquisition of approximately 5.115
acres of strategically located property to support future community and economic
development initiatives. The agreement also provides for a temporary leaseback to the
seller following closing and includes the dedication of necessary public right-of-way
along Rosamond Parkway and Interurban Street.
The CDC has negotiated a Real Estate Sales Contract and Leaseback Agreement with
William Bentley Powell for the purchase of approximately 5.115 acres at a purchase
price of $2,339,498.70.
The acquisition supports the City's long-term planning efforts by securing property in an
area anticipated for continued growth and future public investment.
Approval of the resolution will authorize the CDC to complete the purchase of the
property and execute the associated leaseback agreement. The temporary leaseback
allows the seller to continue limited occupancy after closing while ownership transfers to
the CDC. The right-of-way dedications included in the transaction will facilitate future
transportation and infrastructure improvements consistent with the City's development
plans.
FINANCIAL IMPACT:
The purchase price for the property is $2,339,498.70, plus customary closing costs as
provided in the agreement. Funding is available through CDC-authorized funds
designated for property acquisition and economic development initiatives.
STAFF RECOMMENDATION:
Staff recommends approval of Resolution No. 2026-08-14 as presented.
ATTACHMENTS:
1. 2026-08-14 CDC Resolution - Bentley Powell Purchase Agreement
2. Powell Parcel 1016983 Purchase Contract Leaseback FINAL
ANNA COMMUNITY DEVELOPMENT CORPORATION
the Anna Community Development Corporation (the “CDC”) is authorized to
undertake projects under Chapter 505 of the Texas Local Government Code; and
William Bentley Powell, an individual (“Seller”), and the CDC, as buyer, have
negotiated a Real Estate Sales Contract and Leaseback Agreement (the “Contract”) for
the acquisition of approximately 5.115 acres comprising Collin CAD Parcel No. 1016983
in the City of Anna, together with the improvements and appurtenant rights (the
“Property”), for $2,339,498.70, subject to adjustment at Closing under the Contract based
on the final survey; and
the Contract includes a temporary post-closing leaseback of the
improvements on the Property through the ninetieth (90th) calendar day after Closing
unless earlier terminated, and the dedication or conveyance at Closing of certain right-of-
way areas at Rosamond and Interurban Street without additional monetary consideration;
and
the Board finds that acquiring the Property and completing the transactions
contemplated by the Contract will further the CDC’s lawful economic development
purposes and is in the best interests of the CDC;
The recitals set forth above are incorporated herein for all purposes as if set forth in full.
The Board hereby approves and, to the extent previously executed, ratifies the Contract
substantially in the form presented to the Board and maintained in the CDC’s records.
Subject to approval of legal form by the CDC’s legal counsel and any required City
Council approval, the Board authorizes the Board President or Vice President, the
Economic Development Director, and City of Anna staff to execute, deliver, accept, and
record the Contract and all closing, leaseback, deed, title, survey, right-of-way
dedication, and related instruments; to complete final legal descriptions and exhibits
consistent with the Contract; to pay the earnest money, purchase price, and authorized
closing costs; to extend deadlines and resolve title, survey, and closing matters as
permitted by the Contract; and to take additional actions necessary to consummate and
administer the transaction. No material change to the purchase price, Property,
leaseback term, or right-of-way dedication obligations may be made without further
Board approval.
PASSED AND APPROVED by the Anna Community Development Corporation this
____ day of ____________, 2026.
Real Estate Sales Contract and Leaseback Agreement
This Real Estate Sales Contract and Leaseback Agreement (this “Contract”) to buy and sell real property and
provide a post-closing leaseback of certain structures is between Seller and Buyer as identified below and is
effective on the date (the “Effective Date”) that the Title Company acknowledges receipt of this Contract fully
executed by Seller and Buyer. Buyer must deliver the Earnest Money to Title Company before the Earnest
Money Deadline provided in Section A.1 for this Contract to become effective.
Seller: William Bentley Powell, an individual
Seller Address: P.O. Box 758, Anna, Texas 75409-0758
Seller Phone: 972-741-5607
Buyer: Anna Community Development Corporation, Texas type b
development corporation
Buyer Address: 120 W. 7th Street, Anna, Texas 75409-0776, c/o Natasha Roach
Buyer Phone: 214-831-5321
Property: Approximately 5.115 acres comprising Collin CAD Parcel
#1016983 (Powell Residence) in the City of Anna, Collin
County, Texas, together with all improvements, rights, titles, and
interests, and more particularly described in Exhibit A attached
hereto and incorporated herein (the “Property”).
Leaseback: At Closing, Buyer shall lease back to Seller all buildings,
structures, and other improvements located on the Property as of
Closing, together with reasonable access and utility use
necessary for temporary occupancy (collectively, the “Leased
Structures”), for a term ending at 5:00 p.m. on the ninetieth
(90th) calendar day after Closing, unless terminated earlier under
the Leaseback Agreement attached as Exhibit E.
ROW Dedication Areas: Right-of-way at Rosamond, Collin CAD Parcel #1001800,
approximately 0.25 acres, and right-of-way at Interurban Street,
Collin CAD Parcel #1017321, approximately 0.65 acres, as more
particularly described in Exhibit D when the final surveys/legal
descriptions are available (collectively, the “ROW Dedication
Areas”).
Title Company: Elevate Title
Attn: Tracy Koonce, tkoonce@elevatetitle.com
604 W. White St., Suite B
Anna, Texas 75409
469-840-9571
Underwriter: Title Company’s choice.
Purchase Price: $2,339,498.70
Additional Consideration: Seller shall execute and deliver the ROW Dedication Documents
at Closing as provided in this Contract, without additional
monetary consideration.
Earnest Money: $10,000.00
County for Performance: Collin County, Texas
A. Deadlines and Other Dates
If a deadline falls on a Saturday, Sunday, or national holiday, the deadline will be extended to the next day
that is not a Saturday, Sunday, or national holiday. A national holiday is a holiday designated by the federal
government. Time is of the essence.
1. Earnest Money Deadline: within three (3) days after the Effective Date.
2. Delivery of Title Commitment: within ten (10) days after the Effective Date.
3. Delivery of legible copies of instruments referenced in the Title Commitment: within fifteen (15) days
after the Effective Date.
4. Delivery of Title Objections: ten (10) days after Buyer receives the Title Commitment, legible copies of
the instruments referenced in the Title Commitment, the Survey, and any available title evidence for the
ROW Dedication Areas, but in all events no later than three (3) business days before Closing unless Seller
and Buyer agree otherwise in writing.
5. Closing Date: a mutually agreeable date on or before the date that is thirty (30) days after the Effective
Date. The Closing Date may be extended by mutual written agreement of the parties. Any extension may
be made by written notice, email, or other written confirmation signed or acknowledged by both parties
and shall not require a formal amendment to this Contract.
6. Delivery of Survey: within twenty (20) days after the Effective Date, unless Buyer elects to proceed using
an existing survey acceptable to Buyer and the Title Company. The legal description shown in the final
survey approved by Buyer shall control and shall be attached as Exhibit A or substituted for Exhibit A at
Closing.
7. Due Diligence Materials: within five (5) days after the Effective Date, Seller will deliver true, complete,
and correct copies of all documents relating to the Property or the ROW Dedication Areas that are in
Seller’s possession or are obtainable by Seller through reasonable effort, including existing surveys, title
materials, plats, tax notices, leases, contracts, environmental or engineering studies, governmental notices,
utility information, and any pending or proposed governmental matters affecting the Property or the ROW
Dedication Areas.
8. Feasibility Review Period: twenty (20) days after the Effective Date. For avoidance of doubt, the sixty
(60) day period referenced in the parties’ prior memorandum of understanding relates to additional
properties not included in this first transaction and is not used as the Feasibility Review Period for this
Contract.
9. ROW Dedication Documents: the final recordable legal descriptions and dedication instruments for the
ROW Dedication Areas shall be delivered to the Title Company at or before Closing, in forms reasonably
acceptable to Buyer, Seller, the City of Anna, and the Title Company, as applicable.
10. Leaseback Agreement: at Closing, Seller and Buyer shall execute and deliver a leaseback agreement in
substantially the form attached hereto as Exhibit E (the “Leaseback Agreement”).
B. Closing Documents
C. Exhibits
Exhibit C - Special Warranty Deed
Exhibit D - ROW Dedication Areas
Exhibit E - Leaseback Agreement
D. Purchase and Sale of Property
Seller agrees to sell and convey the Property to Buyer, and Buyer agrees to buy and pay Seller for the Property,
in accordance with the terms of this Contract. Seller further agrees that, as an integral part of this transaction
and without additional monetary consideration, Seller will execute and deliver the ROW Dedication
Documents at Closing. At Closing, Buyer and Seller shall also execute and deliver the Leaseback Agreement
in substantially the form attached as Exhibit E. The promises made by Buyer and Seller stated in this Contract
are the consideration for the formation of this Contract.
E. Earnest Money
Buyer may direct Title Company to invest the Earnest Money in an interest-bearing account in a federally
insured financial institution by giving notice to Title Company and satisfying Title Company’s requirements
for investing the Earnest Money in an interest-bearing account. Any interest earned on the Earnest Money will
be paid to the party that becomes entitled to the Earnest Money. If Buyer fails to deposit the Earnest Money
with Title Company by the Earnest Money Deadline, Seller may, at Seller’s option, terminate this Contract by
delivering written termination notice to Buyer at any time until Buyer deposits the Earnest Money with the
Title Company. The Earnest Money shall be fully refundable to Buyer through the end of the Feasibility
Review Period. If Buyer terminates this Contract before expiration of the Feasibility Review Period, the
Earnest Money shall be returned to Buyer. After expiration of the Feasibility Review Period, the Earnest
Money shall be applied to the Purchase Price at Closing or otherwise disbursed in accordance with this
Contract.
F. Title, Feasibility Review Period, and Survey
1. Title Advice. The following statutory notice is provided to Buyer on behalf of the real estate licensees, if
any, involved in this transaction: Buyer is advised that it should either have the abstract covering the
Property examined by an attorney of Buyer’s own selection or be furnished with or obtain a policy of title
insurance.
2. Title Commitment; Title Policy. “Title Commitment” means a Commitment for Issuance of an Owner
Policy of Title Insurance by Title Company, as agent for Underwriter, stating the condition of title to the
Property. The “effective date” stated in the Title Commitment must be after the Effective Date of this
Contract. “Title Policy” means an Owner Policy of Title Insurance issued by Title Company, as agent for
Underwriter, in conformity with the last Title Commitment delivered to and approved by Buyer.
3. Feasibility Review Period. During the Feasibility Review Period, Buyer may conduct boundary and title
review, environmental testing, geotechnical borings, feasibility and entitlement review, and any other
inspections, tests, and studies of the Property and the ROW Dedication Areas that Buyer deems
appropriate. Buyer and its agents and contractors shall have the right of entry onto the Property and the
ROW Dedication Areas for such purposes after reasonable notice to Seller. Buyer agrees to indemnify
Seller from losses arising from Buyer’s on-site activities, except to the extent caused by Seller or by
conditions existing before Buyer’s entry. This indemnity shall survive Closing or termination of this
Contract.
4. Feasibility Termination Right. Buyer may terminate this Contract for any reason or no reason by written
notice to Seller before the expiration of the Feasibility Review Period, in which event the Earnest Money
shall be refunded to Buyer and the parties shall have no further obligations except those that expressly
survive termination.
G. Condition of the Property until Closing; Cooperation; No Recording of Contract; Leaseback
3. Condemnation. Seller will notify Buyer promptly after Seller receives notice that any part of the Property
or ROW Dedication Areas has been or is threatened to be condemned or otherwise taken by a governmental
or quasi-governmental authority. Buyer may terminate this Contract if the condemnation would materially
affect Buyer’s intended use of the Property or ROW Dedication Areas by giving notice to Seller within
fifteen (15) days after receipt of Seller’s notice to Buyer, or before Closing if Seller’s notice is received
less than fifteen (15) days before Closing, in which event the Earnest Money shall be refunded to Buyer.
If Buyer does not terminate this Contract, any award in condemnation will be assigned to Buyer to the
extent relating to the Property or ROW Dedication Areas conveyed or dedicated at Closing.
H. Closing
Permitted Exceptions, and Seller shall vacate and surrender the Leased Structures in accordance with
the Leaseback Agreement.
2. Transaction Costs.
a. Seller’s Costs. Seller will pay the costs to obtain, deliver, and record releases of all liens to be released
at Closing; the costs to record all documents to cure Title Objections agreed to be cured by Seller;
certificates or reports of ad valorem taxes; costs to deliver copies of the instruments described in
Section A.3; Seller’s expenses and attorney’s fees; and any other costs expressly allocated to Seller
under this Contract.
b. Buyer’s Costs. Buyer will pay the basic premium for the Title Policy; the cost to prepare the Deed; the
cost for any new or updated surveys and ROW legal descriptions; the escrow fee charged by Title
Company; the costs to obtain, deliver, and record all documents other than those to be recorded at
Seller’s expense; the additional premium for any survey/area and boundary deletion in the Title Policy
requested by Buyer; and Buyer’s expenses and attorney’s fees.
c. Ad Valorem Taxes. Ad valorem taxes for the Property for the calendar year of Closing will be prorated
between Buyer and Seller as of the Closing Date. Seller’s portion of the prorated taxes will be paid to
Buyer at Closing as an adjustment to the Purchase Price. If the assessment for the calendar year of
Closing is not known at Closing, the proration will be based on taxes for the previous tax year, and
Buyer and Seller will adjust the prorations in cash within thirty (30) days after the actual assessment
and taxes are known. Seller will promptly notify Buyer of all notices of proposed or final tax valuations
and assessments that Seller receives after the Effective Date and after Closing. All taxes due as of
Closing will be paid at Closing. The parties’ obligations under this paragraph shall survive Closing.
d. Brokers’ Commissions and Disclosure. Buyer represents to Seller that it has had no contact with any
real estate broker, finder, or other person who might be entitled, or claim to be entitled, to a brokerage
commission, finder’s fee, or other compensation in connection with this transaction. Seller has agreed
to pay a brokerage Commission of 1.2 percent of the sales price to Charles B. McKissick, Broker.
Buyer has no obligation to contribute any amount to pay said Brokerage Commission. Buyer and Seller
each hereby indemnify and agree to defend and hold the other party harmless from and against any
and all claims, demands, liabilities, causes of action, costs, or expenses, including reasonable
attorneys’ fees, caused by or arising out of any breach of its foregoing representation and promise. The
provisions of this paragraph shall survive Closing or termination of this Contract.
3. Issuance of Title Policy. Seller will cause Title Company to issue the Title Policy to Buyer as soon as
practicable after Closing.
I. Default and Remedies
1. Seller’s Default. If Seller fails to perform any of Seller’s obligations under this Contract (“Seller’s
Default”), Buyer’s sole and exclusive remedy is to either (i) enforce specific performance of Seller’s
obligations under this Contract, including Seller’s obligation to execute and deliver the Deed and the
ROW Dedication Documents, or (ii) terminate this Contract by written notice to Seller, in which event
the Earnest Money shall be delivered to Buyer. If title to the Property is awarded to Buyer, the
conveyance will be subject to the Permitted Exceptions.
2. Buyer’s Default. If Buyer fails to perform any of Buyer’s obligations under this Contract (“Buyer’s
Default”), Seller, as Seller’s sole and exclusive remedy, shall have the right to terminate this Contract
by giving notice to Buyer on or before the Closing Date and have the Earnest Money paid to Seller as
liquidated damages and not as a penalty. Seller waives any remedy for damages.
3. Liquidated Damages. The parties agree that just compensation for the harm that would be caused by a
default by either party cannot be accurately estimated or would be very difficult to accurately estimate
and that the Earnest Money and the amounts provided above are reasonable forecasts of just
compensation to the nondefaulting party for the harm that would be caused by a default.
J. Miscellaneous Provisions
1. Notices. Any notice required by or permitted under this Contract must be in writing and will be deemed
to be delivered (whether actually received or not) when deposited with the United States Postal
Service, postage prepaid, certified mail, return receipt requested, or when delivered by nationally
recognized overnight courier, personal delivery, or email with confirmation of transmission, and
addressed to the intended recipient at the address shown in this Contract. Any address for notice may
be changed by written notice delivered as provided herein. Copies of each notice shall be addressed as
follows:
If to Buyer:
Anna Community Development Corporation
Attn: Natasha Roach
120 W. 7th Street
Anna, Texas 75409-0776
Email: nroach@annatexas.gov
If to Seller:
William Bentley Powell
P.O. Box 758
Anna, Texas 75409-0758
Email: wbentleypowell@hotmail.com
With a copy to:
Clark McCoy
Wolfe, Tidwell & McCoy, LLP
2591 Dallas Parkway, Suite 300
Frisco, Texas 75034
Email: cmccoy@wtm.law
Charles B. McKissick
Real Estate Services, LLC
1833 W. Hunt, #102
McKinney, Texas 75069
Phone No.: 972-562-9090
Email: cmkissick@resmckinney.com
With a copy to:
Lewis Isaacks
Saunders | Walsh
6850 TPC Drive Suite 210
McKinney, Texas 75070
Email: lewis@saunderswalsh.com
2. Entire Contract. This Contract, together with its exhibits, the Leaseback Agreement, and any Closing
Documents delivered at Closing, constitutes the entire agreement of the parties concerning the sale of
the Property, the ROW Dedication Areas, and the post-closing leaseback described herein by Seller to
Buyer or Buyer’s designee. There are no oral representations, warranties, agreements, or promises
pertaining to the transaction not incorporated in writing in this Contract.
3. Amendment. This Contract may be amended only by an instrument in writing signed by the parties,
except that the Closing Date may be extended as provided in Section A.5.
4. Assignment. This Contract will inure to the benefit of and be binding on the parties and their respective
successors and assigns. This Contract is fully assignable by Buyer provided: (a) such assignment must
be in writing and signed by Buyer and its assignee, (b) Buyer must send a copy of any assignment to
Seller at least seven (7) days before Closing, and (c) such assignment shall not release Buyer from its
obligations and liabilities under this Contract unless Seller agrees otherwise in writing. Upon
compliance with the foregoing, the assignee shall be entitled to enforce this Contract as against Seller,
including the remedy of specific performance.
5. Survival. The obligations of this Contract that cannot be performed before termination of this Contract
or before Closing will survive termination of this Contract or Closing, and the legal doctrine of merger
will not apply to these matters. If there is any conflict between the Closing Documents and this
Contract, the Closing Documents will control after Closing. If there is any conflict between this
Contract and the Leaseback Agreement regarding Seller’s post-closing occupancy, possession,
vacation, surrender, indemnity, insurance, utilities, maintenance, or other leaseback obligations, the
Leaseback Agreement will control.
6. Choice of Law; Venue; Alternative Dispute Resolution. This Contract will be construed under the laws
of the State of Texas, without regard to choice-of-law rules of any jurisdiction. Venue is in Collin
County, Texas. Time permitting, the parties will submit in good faith to an alternative dispute
resolution process before filing a suit concerning this Contract.
7. Waiver of Default. It is not a waiver of default if the nondefaulting party fails to declare immediately
a default or delays taking any action with respect to the default.
8. No Third-Party Beneficiaries. Except for the City of Anna or any other governmental entity designated
as grantee or beneficiary under the ROW Dedication Documents, there are no third-party beneficiaries
of this Contract.
9. Severability. The provisions of this Contract are severable. If a court of competent jurisdiction finds
that any provision of this Contract is unenforceable, the remaining provisions will remain in effect
without the unenforceable parts.
10. Ambiguities Not to Be Construed against Party Who Drafted Contract. The rule of construction that
ambiguities in a document will be construed against the party who drafted it will not be applied in
interpreting this Contract.
11. No Special Relationship. The parties’ relationship is an ordinary commercial relationship, and they do
not intend to create the relationship of principal and agent, partnership, joint venture, or any other
special relationship.
12. Counterparts; Electronic Signatures. If this Contract is executed in multiple counterparts, all
counterparts taken together will constitute this Contract. Signatures transmitted by email or other
electronic means shall be effective as originals.
13. Confidentiality. The parties will keep confidential this Contract, this transaction, and all information
learned in the course of this transaction, except to the extent disclosure is required by law, court order,
open records requirements applicable to Buyer, or to enable third parties to advise or assist Buyer to
investigate the Property or either party to close this transaction.
14. Additional Matters. Seller agrees to cooperate with Buyer if, during the Feasibility Review Period or
before Closing, Buyer or the City of Anna requires the Property or the ROW Dedication Areas to be
platted, re-platted, dedicated by plat, or otherwise processed for public right-of-way purposes;
provided, all out-of-pocket costs of any such plat, re-plat, or dedication work shall be borne by Buyer
unless otherwise agreed in writing. Buyer will secure at Buyer’s own expense any necessary use
permits, platting, entitlement, and signage approvals, and Seller agrees to cooperate as necessary to
accomplish the same.
15. Termination. If this Contract is terminated for any reason, the parties will have no further rights or
obligations under this Contract, except that: (a) Buyer shall pay the costs to repair any damage to the
Property caused by Buyer or Buyer’s agents; (b) Buyer shall return to Seller any confidential reports
or documents delivered to Buyer by Seller; and (c) each party shall perform any other obligations that
expressly survive termination of this Contract.
16. Attorneys’ Fees. The prevailing party in any proceeding brought to enforce this Contract, or brought
relating to the transaction contemplated by this Contract, will be entitled to recover from the non-
prevailing party court costs, reasonable attorneys’ fees, and all other reasonable related expenses.
17. Exchange. Seller and Buyer shall cooperate with each other in connection with any tax-deferred
exchange that either party may be initiating or completing in connection with Section 1031 or 1033 of
the Internal Revenue Code, so long as neither party will be required to pay any expenses related to the
other party’s exchange and the Closing is not delayed. Notwithstanding any other provision that may
prohibit the assignment of this Contract, either party may assign this Contract to a qualified
intermediary or exchange accommodation title holder if the assignment is required in connection with
the exchange.
18. Contract as Offer. The execution of this Contract by the first party to do so constitutes an offer to
purchase or sell the Property. If the other party does not accept that offer by signing this Contract and
delivering a fully executed copy to the first party within ten (10) days after the date this Contract is
executed by the first party, then the first party may withdraw that offer by delivering written notice to
the other party at any time before the other party accepts that offer, in which case the Earnest Money,
if any, will be returned to Buyer.
K. Leaseback
1. Leaseback at Closing. Simultaneously with Closing and transfer of title to Buyer, Buyer and Seller shall
execute and deliver the Leaseback Agreement in substantially the form and content set forth in Exhibit
E, under which Buyer, as landlord, leases the Leased Structures to Seller, as tenant, for a term ending
at 5:00 p.m. on the ninetieth (90th) calendar day after Closing unless terminated earlier in accordance
with the Leaseback Agreement.
2. Leased Structures Only. The Leaseback Agreement is limited to the Leased Structures and the limited
access, utility, parking, and ingress/egress rights reasonably necessary for Seller’s temporary
occupancy of the Leased Structures during the Leaseback Term. The Leaseback Agreement does not
grant Seller any right to interfere with Buyer’s ownership, planning, surveying, inspection, right-of-
way dedication, or governmental-use activities on the Property or the ROW Dedication Areas.
3. Vacation and Surrender Responsibility. Seller shall be solely responsible for causing Seller and all
persons in possession by, through, or under Seller, including without limitation any occupants, family
members, guests, invitees, tenants, subtenants, licensees, employees, contractors, and other permittees,
to promptly vacate and surrender possession of the Leased Structures and all personal property when
the Leaseback Agreement expires or is earlier terminated. Seller’s obligations under this Section K
shall survive Closing and shall be cumulative of Seller’s obligations under the Leaseback Agreement.
4. No Extension by Implication. The Leaseback Term shall not be extended by implication, course of
dealing, acceptance of keys, acceptance of partial surrender, or any delay by Buyer in enforcing its
rights. Any extension of the Leaseback Term must be in a written amendment signed by Buyer and
Seller.
L. Right-of-Way Dedication; Excluded Properties
1. ROW Dedication Obligation. At Closing, Seller shall dedicate, convey, or cause to be dedicated or
conveyed, as applicable, the ROW Dedication Areas to Buyer, the City of Anna, or another
governmental entity designated by Buyer, free and clear of liens and encumbrances except for
Permitted Exceptions approved by Buyer. The ROW Dedication Documents shall use the final
recordable legal descriptions prepared from surveys or other legal descriptions approved by Buyer and
the applicable governmental entity.
2. No Additional Purchase Price for ROW Dedication Areas. The Purchase Price is the consideration for
the Property and the ROW Dedication obligations described in this Contract. No separate monetary
consideration shall be payable by Buyer for the ROW Dedication Areas unless Buyer and Seller agree
otherwise in writing.
3. ROW Surveys Not Yet Attached. Buyer and Seller acknowledge that the final surveys and recordable
legal descriptions for the ROW Dedication Areas may not be attached to this Contract as of the
Effective Date. Seller agrees to cooperate in good faith to approve and execute the ROW Dedication
Documents once the surveys and legal descriptions are available, provided that the areas are
substantially consistent with the Rosamond and Interurban ROW parcels described in Exhibit D.
4. Excluded Properties. This Contract is limited to the Property identified as Collin CAD Parcel #1016983
and the ROW Dedication Areas. This Contract does not include, and does not obligate Buyer to
purchase, Parcels #2124044 or #1017385, and does not include any seller-financing terms for those
additional properties. Any acquisition of those additional properties must be addressed in a separate
written agreement signed by the applicable parties.
5. Survival. This Section L shall survive Closing to the extent necessary to complete, correct, re-execute,
acknowledge, or record any ROW Dedication Documents contemplated by this Contract.
SELLER:
___________________________________________
William Bentley Powell, an individual
Date: __________________
By: ___________________________________________
Natasha Roach, Economic Development Director
Date: __________________
Real Estate Services, LLC
1833 W. Hunt, #102
McKinney, Texas 75069
Broker Fim License No. 9003405
Charles B. McKissick
Phone No. 972-562-9090
License No. 0140928
____________________________________________
Charles McKissick, Broker
Date: _____________________
AGENT DISCLOSURE
Title Company Receipt
ELEVATE TITLE
EXHIBIT A
Description of the Property
For contract reference pending insertion of the final survey/legal description:
[INSERT FINAL METES-AND-BOUNDS LEGAL DESCRIPTION FROM SURVEY. The final legal
description approved by Buyer and Title Company shall replace this temporary reference description
and shall be used in the Deed.]
EXHIBIT B
Seller’s Representations to Buyer
1. Authority. Seller is an individual with authority and capacity to convey the Property to Buyer and to
dedicate or convey the ROW Dedication Areas as required by this Contract. This Contract and all
documents required by this Contract to be executed and delivered by Seller at Closing will be duly
authorized, executed, and delivered by Seller.
2. Litigation. There is no litigation pending or threatened against Seller that might affect the Property, the
ROW Dedication Areas, or Seller’s ability to perform Seller’s obligations under this Contract, except:
NONE [or insert exceptions].
3. Violation of Laws. Seller has not received notice of violation of any law, ordinance, regulation, or
requirement affecting the Property, the ROW Dedication Areas, or Seller’s use thereof, except: NONE [or
insert exceptions].
4. Lease; Occupancy; Leaseback. Except for Seller’s rights under the Leaseback Agreement attached as
Exhibit E, Seller promises that all leases, occupancy agreements, licenses, and possessory interests
affecting the Property will either be terminated before Closing or will be held solely through Seller and
automatically terminate no later than the expiration or earlier termination of the Leaseback Agreement.
Seller shall cause all tenants, occupants, invitees, licensees, family members, guests, and other persons in
possession by, through, or under Seller to promptly vacate and surrender the Property and the Leased
Structures when the Leaseback Agreement expires or is earlier terminated.
5. Condemnation; Zoning; Land Use; Hazardous Materials. Seller has not received notice of any
condemnation, zoning, or land-use proceedings affecting the Property or the ROW Dedication Areas, or
any inquiries or notices by any governmental authority or third party with respect to the presence of
hazardous materials on the Property or ROW Dedication Areas or the migration of hazardous materials
from the Property or ROW Dedication Areas, except: NONE [or insert exceptions].
6. No Other Obligation to Sell the Property or Restriction against Selling the Property. Seller has not
obligated Seller to sell the Property or dedicate or convey the ROW Dedication Areas to any party other
than Buyer or Buyer’s designee, and Seller’s performance of this Contract will not cause a breach of any
other agreement or obligation to which Seller is a party or by which Seller is bound, except: NONE [or
insert exceptions].
7. No Liens. On the Closing Date, the Property and the ROW Dedication Areas will be free and clear of all
mechanic’s and materialman’s liens and other liens and encumbrances of any nature except (a) the
Permitted Exceptions and (b) liens that will be paid from the proceeds of Closing; no work or materials
will have been furnished to the Property or ROW Dedication Areas that might give rise to mechanic’s,
materialman’s, or other liens other than work or materials to which Buyer has given its consent.
8. No Commitments. Except for the ROW Dedication obligations expressly stated in this Contract and any
matters disclosed to Buyer in writing, no commitments have been made by Seller to any governmental
authority, utility company, school board, church, religious body, organization, group, or individual relating
to the Property or ROW Dedication Areas that would impose an obligation upon Buyer or its successors
or assigns to make any contribution or dedication of money or land or to construct, install, or maintain any
improvements of a public or private nature on or off the Property.
9. No Bankruptcy. Seller has not filed or been the subject of any bankruptcy, receivership, insolvency, or
similar proceeding that would affect Seller’s ability to perform under this Contract, except: NONE [or
insert exceptions].
EXHIBIT C
Special Warranty Deed
NOTICE OF CONFIDENTIALITY RIGHTS: IF YOU ARE A NATURAL PERSON, YOU MAY REMOVE OR
STRIKE ANY OR ALL OF THE FOLLOWING INFORMATION FROM ANY INSTRUMENT THAT
TRANSFERS AN INTEREST IN REAL PROPERTY BEFORE IT IS FILED FOR RECORD IN THE PUBLIC
RECORDS: YOUR SOCIAL SECURITY NUMBER OR YOUR DRIVER’S LICENSE NUMBER.
Date: __________________, 2026
Grantor: William Bentley Powell, an individual
Grantor’s Mailing Address: P.O. Box 758, Anna, Texas 75409-0758
Grantee: Anna Community Development Corporation, a Texas type b development corporation
Grantee’s Mailing Address: 120 W. 7th Street, Anna, Texas 75409-0776
Consideration: $10.00 and other good and valuable consideration in hand received, the receipt and adequacy of which
are acknowledged.
Property (including any improvements): The real property described on Deed Exhibit A, attached hereto and
incorporated herein by reference.
Exceptions to Conveyance and Warranty: The restrictions, easements, covenants, and other matters described on Deed
Exhibit B, attached hereto and incorporated herein.
Grantor, for the Consideration and subject to the Exceptions to Conveyance and Warranty, grants, sells, and conveys
to Grantee the Property, together with all and singular the rights and appurtenances thereto in any way belonging, to have
and to hold it to Grantee and Grantee’s successors and assigns forever. Grantor binds Grantor and Grantor’s heirs and
successors to warrant and forever defend all and singular the Property to Grantee and Grantee’s successors and assigns
against every person whomsoever lawfully claiming or to claim the same or any part thereof, by, through, or under
Grantor, but not otherwise, except as to the Exceptions to Conveyance and Warranty.
Grantor:
____________________________________
William Bentley Powell
STATE OF ______________________
COUNTY OF ____________________
This instrument was acknowledged before me on __________________, 2026, by William Bentley Powell.
____________________________________
Notary Public, State of ________________
My commission expires: ________________
(SEAL)
DEED EXHIBIT A
DEED EXHIBIT B
EXHIBIT D
ROW Dedication Areas
The following descriptions are included for contract reference only. Final recordable legal descriptions based
on surveys or other legal descriptions acceptable to Buyer, Seller, the City of Anna, and the Title Company,
as applicable, must be inserted into the ROW Dedication Documents before recording.
1. Rosamond ROW: the right-of-way at Rosamond, Collin CAD Parcel #1001800, approximately 0.25 acres.
[INSERT FINAL SURVEY/METES-AND-BOUNDS LEGAL DESCRIPTION.]
2. Interurban Street ROW: the right-of-way at Interurban Street, Collin CAD Parcel #1017321, approximately
0.65 acres. [INSERT FINAL SURVEY/METES-AND-BOUNDS LEGAL DESCRIPTION.]
EXHIBIT E
LEASEBACK AGREEMENT
1. Definitions. The following terms have the meanings set forth below:
(a) Board of Directors. The Board of Directors of the Anna Community Development Corporation.
(b) Conveyance Agreement. That certain Real Estate Sales Contract and Leaseback Agreement under
which fee simple title to the Property is sold and conveyed by Tenant to Landlord and under which Tenant
agrees to dedicate or convey the ROW Dedication Areas described therein.
(c) Conveyance Date. The date of Closing under the Conveyance Agreement.
(d) Effective Date. The effective date of this Lease and the date upon which this Lease shall take effect is
the Conveyance Date.
(e) Lease Term. Unless terminated sooner in accordance with the terms of this Lease, a term commencing
on the Conveyance Date and ending at 5:00 p.m., Anna, Texas time, on the ninetieth (90th) calendar day
after the Conveyance Date. The Lease Term shall not be extended unless Landlord and Tenant execute a
written amendment expressly extending this Lease.
(f) Leased Structures. The Leased Structures are located in the City of Anna, Collin County, Texas and
consist solely of all buildings, structures, and other improvements located on the Property as of the
Conveyance Date, including without limitation the residence and any accessory buildings or structures,
together with a limited, non-exclusive license to use only those portions of the Property reasonably
necessary for ingress, egress, parking, utilities, and ordinary occupancy of such structures during the Lease
Term. The Leased Structures do not include the ROW Dedication Areas except to the extent access over
such areas is reasonably necessary for existing lawful ingress and egress during the Lease Term and does
not interfere with the ROW Dedication Documents or Landlord’s governmental, planning, surveying,
inspection, or right-of-way purposes.
(g) Permittees. All occupants, family members, guests, invitees, tenants, subtenants, licensees, employees,
agents, contractors, representatives, and other persons at the Leased Structures by, through, or under
Tenant or with Tenant’s permission or acquiescence.
(h) Permitted Exceptions. The conditions, restrictions, easements, and encumbrances, if any, affecting title
to the Property and set forth in the owner’s title policy obtained by Landlord pursuant to the Conveyance
Agreement.
(i) Property. The real property conveyed by Tenant to Landlord under the Conveyance Agreement and
more particularly described in the Conveyance Agreement.
(j) Specific Use. Tenant’s temporary occupancy of the Leased Structures solely for residential, storage,
relocation, moving, and surrender purposes, and solely for the purpose of allowing Tenant and Permittees
to vacate, remove personal property, and surrender the Leased Structures on or before expiration of the
Lease Term. Tenant shall not conduct any new commercial activity, create any new tenancy, or materially
change the use of the Leased Structures during the Lease Term without Landlord’s prior written consent.
2. Demise, Lease Term.
(a) Demise and Grant of Leased Structures. Landlord hereby leases to Tenant and Tenant accepts from
Landlord under the terms, provisions, and conditions of this Lease the Leased Structures solely for the
Specific Use commencing on the Effective Date and continuing until the expiration of the Lease Term or
earlier termination as provided herein. This Lease shall automatically terminate earlier if Tenant vacates
and surrenders the Leased Structures to Landlord in writing and Landlord accepts such surrender in writing.
(b) Quiet Enjoyment. Upon Tenant’s observance and performance of the covenants, terms, and conditions
to be observed and performed by Tenant pursuant to this Lease, Tenant shall have throughout the Lease
Term peaceful, quiet, and undisturbed use and possession of the Leased Structures solely for the Specific
Use, subject to the terms, conditions, and provisions of this Lease, the Conveyance Agreement, the
Permitted Exceptions, and Landlord’s rights of access under this Lease.
(c) Landlord’s Title and Authority. Landlord’s rights and obligations under this Lease are subject to
Landlord acquiring fee simple title to the Property under the Conveyance Agreement and to formal
approval or conditional approval by the Board of Directors of this Lease at a duly noticed public meeting,
to the extent such approval is required by law or Landlord’s governing documents.
(d) Condition of Leased Structures. TENANT UNDERSTANDS AND ACKNOWLEDGES THAT
TENANT HAS OWNED, OCCUPIED, INSPECTED, AND IS FAMILIAR WITH THE LEASED
STRUCTURES. TENANT’S ACCEPTANCE OF THE LEASED STRUCTURES IS WITHOUT
RECOURSE, REPRESENTATION, OR WARRANTY OF ANY KIND, EXPRESS, IMPLIED, OR
STATUTORY, AND LANDLORD IS LEASING THE LEASED STRUCTURES AS IS, WHERE IS,
AND WITH ALL FAULTS. LANDLORD DISCLAIMS ALL REPRESENTATIONS AND
WARRANTIES AS TO FITNESS FOR ANY PARTICULAR PURPOSE, MERCHANTABILITY,
DESIGN, QUALITY, LAYOUT, FOOTAGE, PHYSICAL CONDITION, OPERATION,
COMPLIANCE WITH SPECIFICATIONS, ABSENCE OF LATENT DEFECTS, OR COMPLIANCE
WITH LAWS AND REGULATIONS. TENANT ASSUMES ALL RISK AND LIABILITY
RESULTING FROM OR RELATING TO THE OCCUPANCY, USE, CONDITION, MAINTENANCE,
REPAIR, OR OPERATION OF THE LEASED STRUCTURES DURING THE LEASE TERM.
3. Rent; No Holdover Right.
(a) Rent During Lease Term. Tenant shall not be required to pay monthly rent during the initial Lease
Term. Landlord and Tenant acknowledge that this Lease is part of the consideration and mutual covenants
of the Conveyance Agreement.
(b) No Holdover Right. Tenant has no right to occupy or possess the Leased Structures or any portion of
the Property after expiration or earlier termination of the Lease Term. If Tenant or any Permittee occupies
or possesses the Leased Structures or any portion of the Property after expiration or earlier termination of
the Lease Term, such occupancy is unauthorized and shall not create a tenancy, lease, renewal, extension,
or right of possession. Tenant shall be liable to Landlord for all damages, costs, expenses, reasonable
attorney fees, court costs, removal costs, storage costs, and other losses arising from or related to such
holdover or delayed surrender, and Landlord may pursue all remedies available at law or in equity,
including without limitation immediate possession, injunctive relief, and specific performance.
4. Improvements, Additions, Repairs, and Access.
(a) Delivery of Leased Structures. Landlord shall deliver possession of the Leased Structures to Tenant at
the beginning of the Lease Term, subject to this Lease, the Conveyance Agreement, and the Permitted
Exceptions.
(b) No Alterations or New Improvements. Tenant may not construct, alter, remove, demolish, change,
expand, or add to any buildings, structures, or improvements located on the Property without Landlord’s
prior written consent. Tenant may remove Tenant’s personal property before expiration of the Lease Term,
provided that Tenant repairs any damage caused by removal and does not remove fixtures, built-in
improvements, or any property owned by Landlord after Closing unless Landlord consents in writing.
(c) No Mechanic’s Liens. Tenant shall not permit any mechanic’s or materialman’s liens to be filed against
Landlord’s interest in the Property or Leased Structures. TENANT SHALL INDEMNIFY, DEFEND,
AND HOLD HARMLESS LANDLORD FROM AND AGAINST ANY COST, LIABILITY, OR
EXPENSE, INCLUDING ATTORNEY FEES AND RELATED EXPENSES, ATTRIBUTABLE TO
ANY SUCH LIENS OR THE REMOVAL OF SAME. Tenant’s obligations under this paragraph shall
survive expiration or earlier termination of this Lease.
(d) Legal and Environmental Compliance. Tenant shall use the Leased Structures solely for the Specific
Use, shall conduct all activities in a lawful manner, and shall not make or permit any unlawful use or
condition of the Leased Structures or Property. Tenant shall, at Tenant’s expense, comply with all laws,
regulations, and ordinances affecting Tenant’s occupancy, use, cleanliness, safety, and surrender of the
Leased Structures. TENANT SHALL INDEMNIFY, DEFEND, AND HOLD HARMLESS LANDLORD
FROM AND AGAINST ANY COST, LIABILITY, OR EXPENSE ARISING OUT OF OR
ATTRIBUTABLE TO ANY CLAIMS, DEMANDS, CAUSES OF ACTION, FINES, PENALTIES,
LIABILITY, OR EXPENSES, INCLUDING ATTORNEY FEES, RELATED EXPENSES, AND
COURT COSTS, ARISING OUT OF OR RELATED TO THE EXISTENCE, RELEASE, REMOVAL,
OR DISPOSAL OF ANY TOXIC OR HAZARDOUS SUBSTANCES OR MATERIALS WITHIN OR
UPON THE LEASED STRUCTURES OR PROPERTY CAUSED BY TENANT OR PERMITTEES
BEFORE OR DURING THE LEASE TERM. Tenant’s obligations under this paragraph shall survive
expiration or earlier termination of this Lease.
(e) Repairs and Maintenance. Tenant shall, at Tenant’s sole cost and expense, perform all repairs,
maintenance, and preventative maintenance necessary to maintain the Leased Structures in substantially
the same condition as of the Conveyance Date, ordinary wear and tear excepted, and shall keep the Leased
Structures safe, clean, sanitary, and in compliance with applicable law throughout the Lease Term. Tenant
shall not commit or permit waste.
(f) Landlord Access. Landlord and Landlord’s officials, officers, employees, agents, contractors,
surveyors, engineers, inspectors, and consultants may enter the Property and, upon reasonable notice
except in emergencies, the Leased Structures, for inspection, surveying, engineering, planning, title, utility,
right-of-way dedication, maintenance, safety, governmental, and other reasonable purposes. Tenant shall
not interfere with such access.
5. Utilities. Tenant shall at Tenant’s own expense arrange for and pay all utility, trash, communication, alarm,
security, and other services used in connection with the Leased Structures during the Lease Term. Landlord
shall not be obligated to pay any sum in connection with utility installation or service to the Leased Structures
during the Lease Term.
6. Use, Transfers, Assignments, and Occupants.
(a) Tenant’s Use. Tenant may use the Leased Structures solely for the Specific Use and only in conformity
with applicable law, the Permitted Exceptions, the Conveyance Agreement, and this Lease.
(b) No Assignment, Subletting, or New Occupancy Rights. Tenant shall not assign this Lease, sublet any
portion of the Leased Structures, create any leasehold estate, grant any license, or permit any new occupant
to take possession of the Leased Structures without Landlord’s prior written consent. All Permittees and
all other persons in possession during the Lease Term are deemed to be in possession by, through, or under
Tenant and subject to Tenant’s obligation to cause prompt vacation and surrender when the Lease Term
expires or is earlier terminated.
7. Indemnification and Insurance.
(a) INDEMNIFICATION. IN ADDITION TO AND CUMULATIVE OF ANY OTHER PROVISIONS
OF THIS LEASE, TENANT SHALL INDEMNIFY, HOLD HARMLESS, AND, AT LANDLORD’S
OPTION, DEFEND LANDLORD AND ITS OFFICIALS, OFFICERS, DIRECTORS, AGENTS,
CONTRACTORS, AND EMPLOYEES FROM AND AGAINST ANY AND ALL LIABILITY, LIENS,
CLAIMS, DEMANDS, DAMAGES, EXPENSES, FEES, COSTS, REASONABLE ATTORNEY FEES
AND RELATED EXPENSES AND LITIGATION COSTS, FINES, PENALTIES, SUITS,
PROCEEDINGS, ACTIONS, AND CAUSES OF ACTION OF ANY KIND AND NATURE ARISING
OUT OF OR RELATING IN ANY WAY TO TENANT’S OR PERMITTEES’ USE, OCCUPANCY,
MANAGEMENT, CONTROL, POSSESSION, VACATION, SURRENDER, REMOVAL OF
PERSONAL PROPERTY, REPAIR, MAINTENANCE, OPERATIONS, CONDUCT, OR ACTIVITIES
IN, ON, OR ABOUT THE LEASED STRUCTURES OR PROPERTY, UNLESS AND TO THE
EXTENT CAUSED BY THE NEGLIGENCE, GROSS NEGLIGENCE, OR INTENTIONAL ACTS OR
OMISSIONS OF LANDLORD OR LANDLORD’S AGENTS, EMPLOYEES, OR CONTRACTORS.
TENANT’S OBLIGATIONS UNDER THIS PARAGRAPH SHALL SURVIVE EXPIRATION OR
EARLIER TERMINATION OF THE LEASE TERM.
(b) Tenant’s Insurance. Tenant shall, at Tenant’s expense, maintain during the Lease Term homeowner’s,
renter’s, personal liability, comprehensive general liability, or other liability insurance covering bodily
injury, personal injury, and property damage arising from Tenant’s or Permittees’ occupancy or use of the
Leased Structures, with limits of not less than $1,000,000.00 per occurrence if such coverage is
commercially available to Tenant. Upon request by Landlord, Tenant shall provide certificates or other
evidence of such insurance coverage. Tenant is solely responsible for insuring Tenant’s personal property,
and Landlord shall have no liability for loss of or damage to Tenant’s personal property except to the extent
caused by Landlord’s gross negligence or intentional misconduct.
(c) Waiver of Subrogation. Tenant shall use reasonable efforts to have Tenant’s insurance policies contain
a waiver of subrogation in favor of Landlord to the extent commercially available without material
additional premium. Landlord shall not be liable by way of subrogation or otherwise to Tenant or to any
insurance company insuring Tenant for any loss or damage to property covered by Tenant’s insurance to
the extent such waiver is effective.
8. Destruction and Condemnation.
(a) Destruction. If any portion of the Leased Structures is damaged or destroyed during the Lease Term,
Tenant shall promptly notify Landlord, remove debris to the extent reasonably required by Landlord and
legally permissible, and place the affected area in a safe condition. Landlord may terminate this Lease as
to all or any affected portion of the Leased Structures if Landlord determines that continued occupancy is
unsafe, imprudent, or inconsistent with Landlord’s intended use of the Property.
(b) Condemnation. If any portion of the Property or Leased Structures is taken by eminent domain or
conveyance in lieu thereof, this Lease shall terminate as to the portion taken and, at Landlord’s election,
as to the remainder. All compensation awarded for any taking of the Property or Leased Structures shall
be the property of Landlord, and Tenant assigns to Landlord all of Tenant’s rights, title, and interest in
such compensation, except that Tenant may pursue a separate claim for Tenant’s moving costs or personal
property if such claim does not reduce Landlord’s award.
9. Vacation and Surrender.
(a) Prompt Vacation and Surrender. On or before 5:00 p.m., Anna, Texas time, on the last day of the Lease
Term or upon earlier termination of this Lease, Tenant shall promptly vacate and surrender the Leased
Structures and all portions of the Property in Tenant’s or Permittees’ possession to Landlord. Tenant shall
cause all Permittees and all other persons in possession by, through, or under Tenant to vacate and
surrender possession at or before such deadline. Tenant’s obligation to vacate and surrender is absolute
and shall not be delayed by moving logistics, weather, inability to locate replacement premises, disputes
among occupants, or any other circumstance, except to the extent Landlord expressly agrees to an
extension in a written amendment signed by Landlord.
(b) Condition at Surrender. Tenant shall remove all personal property, furniture, equipment, vehicles, trash,
debris, and other items belonging to Tenant or Permittees; surrender all keys, access devices, gate codes,
alarm codes, and other means of access; leave the Leased Structures in broom-clean condition; and repair
any damage caused by Tenant’s or Permittees’ removal of personal property. Tenant shall not remove any
buildings, structures, fixtures, built-in improvements, HVAC equipment, plumbing, electrical, mechanical
systems, fencing, gates, wells, storm shelters, or other improvements that are part of the Property unless
Landlord consents in writing.
(c) Abandoned Property. Any personal property not removed by Tenant by the surrender deadline may, at
Landlord’s option and to the fullest extent permitted by law, be deemed abandoned and may be removed,
stored, retained, sold, or disposed of by Landlord without claim by Tenant or any Permittee. Tenant shall
reimburse Landlord on demand for all costs and expenses incurred in connection with abandoned property,
delayed surrender, or removal of any person or property from the Leased Structures or Property.
(d) Survival. Tenant’s obligations under this Section 9 shall survive expiration or earlier termination of
this Lease.
10. General Provisions.
(a) Notice. Any notice required by or permitted under this Lease must be in writing and will be deemed
delivered in the same manner provided for notices under the Conveyance Agreement. Notices to Landlord
and Tenant shall be sent to the addresses for Buyer and Seller, respectively, stated in the Conveyance
Agreement, unless changed by written notice delivered as provided therein.
(b) Entire Agreement. This Lease, together with the Conveyance Agreement, embodies the entire
agreement and understanding between Landlord and Tenant as to the leaseback of the Leased Structures
and supersedes all prior negotiations, agreements, and understandings pertaining to such leaseback. This
Lease may be modified, waived, or discharged only by a written instrument signed by Landlord and
Tenant. Landlord does not by entering into this Lease waive any immunities it may have under common
law or statute.
(c) Commission. Tenant and Landlord represent to each other that neither has entered into any agreement
or understanding that would give rise to a real estate commission being owed in connection with this Lease,
and each shall indemnify and hold the other harmless against any commission, payment, interest, or
participation claimed on account of this Lease with any party under any alleged agreement or
understanding entered into on that party’s behalf.
(d) Force Majeure. Force majeure shall not extend the Lease Term or excuse Tenant’s obligation to vacate
and surrender the Leased Structures and cause all Permittees and all persons in possession by, through, or
under Tenant to vacate and surrender when this Lease expires or is earlier terminated.
(e) Applicable Law; Venue. The laws of the State of Texas shall govern the validity, performance, and
enforcement of this Lease. Venue for any dispute arising from, growing out of, or in connection with this
Lease shall be in Collin County, Texas.
(f) Time of the Essence. Time is of the essence with respect to each provision, term, and covenant of this
Lease, including without limitation Tenant’s vacation and surrender obligations.
(g) Captions; Construction. Captions are for convenience and do not limit or define the provisions of this
Lease. This Lease is the result of negotiation between the parties and shall be interpreted fairly and
reasonably and not more strictly against one party than another, regardless of which party drafted the
language in dispute.
(h) Counterparts and Electronic Signatures. This Lease may be executed in multiple counterparts, each of
which shall be an original, but all of which shall constitute one instrument. Signatures transmitted by email
or other electronic means shall be effective as originals.
(i) Binding Effect. All provisions of this Lease shall be binding upon and inure to the benefit of the parties
and their respective successors and permitted assigns.
[REMAINDER OF PAGE LEFT BLANK INTENTIONALLY]
LANDLORD:
ANNA COMMUNITY DEVELOPMENT CORPORATION
TENANT:
WILLIAM BENTLEY POWELL, an individual
EXHIBIT 1
LEASED STRUCTURES
Item No. 5.e.
EDC/CDC Agenda
Staff Report
Meeting Date: 8/6/2026
Staff Contact: Natasha Roach
AGENDA ITEM:
Consider/Discuss/Action on Resolution No. 2026-08-15 approving (1) a Chapter 380 Impact Fee
Payment Deferral Agreement between the City of Anna, Texas, and GTP Food Group, LLC,
including the Anna Community Development Corporation's limited acknowledgment thereof, and (2)
a Second Amendment to Ground Lease Purchase Agreement and Performance Agreement between
the Anna Economic Development Corporation and GTP Food Group, LLC, each relating to the GTP
Food Group restaurant and entertainment project in the Anna Downtown District; and authorizing the
Board President or Vice President to execute the documents and take related actions. (CDC)
SUMMARY:
The Board approved a Ground Lease Purchase Agreement and Performance Agreement with GTP
Food Group, LLC on July 7, 2025.
The proposed resolution authorizes agreements intended to facilitate the continued development of
the GTP Food Group restaurant and entertainment project within the Anna Downtown District. The
agreements provide for the deferral of applicable impact fee payments through a Chapter 380
agreement with the City while amending the existing Ground Lease Purchase Agreement and
Performance Agreement to reflect updated project terms and implementation milestones.
The Anna Community Development Corporation's involvement in the Chapter 380 agreement is
limited to acknowledging provisions that affect the Corporation's interests. The Second Amendment
updates the existing economic development agreement between the Anna Economic Development
Corporation and GTP Food Group, LLC, ensuring the agreements remain aligned with the project's
current schedule and obligations.
FINANCIAL IMPACT:
This item has no financial impact.
STAFF RECOMMENDATION:
Staff recommends approval of Resolution 2026-08-15 as presented.
ATTACHMENTS:
1. 2026-08-15 CDC Resolution - 2ND Amendment GTP Food Group
ANNA COMMUNITY DEVELOPMENT CORPORATION
the Anna Community Development Corporation (the “CDC”) is authorized to
undertake projects under Chapter 505 of the Texas Local Government Code; and
on July 7, 2025, the CDC Board of Directors (the “Board”) held a duly noticed
public hearing regarding that certain Ground Lease Purchase Agreement and
Performance Agreement between the CDC and GTP Food Group, LLC (the “Developer”)
for restaurants and entertainment on property in the Anna Downtown District (the
“Project”) and approved the agreement and the Project, and the agreement was
subsequently amended by the First Amended Ground Lease Purchase Agreement and
Performance Agreement; and
the City of Anna, Texas, and Developer propose to enter into a Chapter 380
Impact Fee Payment Deferral Agreement, and the CDC and Developer propose to enter
into a Second Amendment to Ground Lease Purchase Agreement and Performance
Agreement, which documents coordinate a sixty (60)-day financing period, require
financing evidence satisfactory to the CDC, and grant the CDC discretion to terminate
either or both agreements if the financing condition is not timely satisfied; and
the Board finds that approval of the proposed agreements will promote new
or expanded business development and protect the CDC’s interests in the Project;
The recitals set forth above are incorporated herein for all purposes as if set forth in full
The Board hereby approves (a) the Chapter 380 Impact Fee Payment Deferral
Agreement between the City of Anna, Texas, and Developer, including the rights granted
to and limited acknowledgment by the CDC, and (b) the Second Amendment to Ground
Lease Purchase Agreement and Performance Agreement between the CDC and
Developer, in each case substantially in the form presented to the Board and maintained
in the CDC’s records. The Board hereby authorizes the Board President or Vice President
to execute, on behalf of the CDC, subject to approval of legal form by the CDC’s legal
counsel and any required City Council approval, the CDC’s limited acknowledgment to
the Impact Fee Deferral Agreement, the Second Amendment, and any associated
documents. The Board further authorizes the Board President or Vice President and City
of Anna staff to take any additional actions necessary to implement and manage the
Project, provided that no material change to the financing condition or the CDC’s
termination rights may be made without further Board approval.
PASSED AND APPROVED by the Anna Community Development Corporation this
____ day of ____________, 2026.
Item No. 6.
EDC/CDC Agenda
Staff Report
Meeting Date: 8/6/2026
Staff Contact:
AGENDA ITEM:
Manager's Report.
SUMMARY:
FINANCIAL IMPACT:
STAFF RECOMMENDATION:
ATTACHMENTS:
Item No. 6.a.
EDC/CDC Agenda
Staff Report
Meeting Date: 8/6/2026
Staff Contact: Salena Tittle
AGENDA ITEM:
Strategic Plan Update
SUMMARY:
Economic Development Manager, Salena Tittle, to give a brief overview of what staff
has been working on and future initiatives.
FINANCIAL IMPACT:
This item has no financial impact.
STAFF RECOMMENDATION:
N/A
ATTACHMENTS:
1. July 2026 Strategic Plan Update
Economic Development Highlights
July 2026
Real Estate & Developer
Meetings01 04
02
Newsletter Subscribers
Instagram & Facebook
Followers
6 2 new
1,528 total
Pre-Development
Meetings
Linkedin Followers
03 06
Business Retention
& Expansion
Contacts
4
8 6 new Insta - 159 total
198 new FB - 1,700 total
8 new
2,057 total
05
UniqueUniqueUnique
Natasha graduated from the City of Anna
Ambassador Leadership Academy
EDC hired a new Economic Development
Coordinator, Cerra Vaquera
VibrantVibrantVibrant
EDC had several follow up meetings with Toole
Design & Eisenberg in addition to two public
presentations regarding Downtown Initiatives
Salena attended the Bringing Back Main Street
webinar hosted by the American Planning
Association
EDC staff has been working with the City on an
upcoming Anna Legislative Summit
Natasha attended the Anna ISD Convocation
Final Downtown Anna branding concepts as
well as the Downtown Anna Marketing Map
were presented to City Council
Item No. 6.b.
EDC/CDC Agenda
Staff Report
Meeting Date: 8/6/2026
Staff Contact: Salena Tittle
AGENDA ITEM:
Financial Report / Sales Tax Update
SUMMARY:
Economic Development Manager, Salena Tittle, to update the Board on the overall
sales tax. As of right now, the last reported sales tax was for the month of April 2026,
which was up 13% from the previous year, April 2025.
FINANCIAL IMPACT:
This item has no financial impact.
STAFF RECOMMENDATION:
N/A
ATTACHMENTS:
1. 2026 Monthly Sales Tax Report
% Change
from 2024-25 Collections2025-26 Collections
Monthly Prior Year Monthly
October 820,089$ 5%780,090$
November 855,966 14%753,401
December 1,085,565 9%995,930
January 749,307 10%682,766
February 764,084 13%675,214
March 1,059,013 -43%1,873,725
April 884,322 13%779,340
May 780,970
June 867,435
July 817,173
August 761,329
September 844,898
6,218,346$ 10,612,271$
Budget:9,650,000 64%8,220,000
CITY OF ANNA
Schedule of Sales Tax Collections
April 30, 2026
$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
FY2023-24 FY2024-25 FY2025-26
Item No. 6.c.
EDC/CDC Agenda
Staff Report
Meeting Date: 8/6/2026
Staff Contact: Salena Tittle
AGENDA ITEM:
Event Updates / Upcoming Events / Reminders
SUMMARY:
N/A
FINANCIAL IMPACT:
This item has no financial impact.
STAFF RECOMMENDATION:
N/A
ATTACHMENTS:
Item No. 7.a.
EDC/CDC Agenda
Staff Report
Meeting Date: 8/6/2026
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.
FINANCIAL IMPACT:
This item has no financial impact.
STAFF RECOMMENDATION:
N/A
ATTACHMENTS:
Item No. 7.b.
EDC/CDC Agenda
Staff Report
Meeting Date: 8/6/2026
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.
FINANCIAL IMPACT:
This item has no financial impact.
STAFF RECOMMENDATION:
N/A
ATTACHMENTS:
Item No. 7.c.
EDC/CDC Agenda
Staff Report
Meeting Date: 8/6/2026
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.
FINANCIAL IMPACT:
This item has no financial impact.
STAFF RECOMMENDATION:
N/A
ATTACHMENTS:
Item No. 8.
EDC/CDC Agenda
Staff Report
Meeting Date: 8/6/2026
Staff Contact:
AGENDA ITEM:
Reconvene into open session and take any action on closed session items.
SUMMARY:
FINANCIAL IMPACT:
STAFF RECOMMENDATION:
ATTACHMENTS:
Item No. 9.
EDC/CDC Agenda
Staff Report
Meeting Date: 8/6/2026
Staff Contact:
AGENDA ITEM:
Receive reports from staff or Board Members about items of community interest.
SUMMARY:
FINANCIAL IMPACT:
STAFF RECOMMENDATION:
ATTACHMENTS:
Item No. 10.
EDC/CDC Agenda
Staff Report
Meeting Date: 8/6/2026
Staff Contact:
AGENDA ITEM:
Adjourn.
SUMMARY:
FINANCIAL IMPACT:
STAFF RECOMMENDATION:
ATTACHMENTS: