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HomeMy WebLinkAboutRes 2020-08-777 Approving the Fiscal Year 2020-2021 Budget for the Anna Community Development CorporationCITY OF ANNA, TEXAS RESOLUTION 911 A RESOLUTION OF THE CITY OF ANNA, TEXAS RATIFYING AND APPROVING THE FISCAL YEAR 2020-2021 BUDGET FOR THE ANNA COMMUNITY DEVELOPMENT CORPORATION; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the City of Anna, Texas is a home -rule municipality located in Collin County, created in accordance with the provisions of the Texas Local Government Code and operating pursuant to enabling legislation of the State of Texas, and WHEREAS, the Anna Community Development Corporation, hereinafter the "ACDC" is a Type B development corporation operating pursuant to the Development Corporation Act of 1979 now codified as Chapter 505 of the Texas Local Government Code; and WHEREAS, the ACDC Board of Directors approved the Fiscal Year 2020-2021 Budget at a special -called meeting on July 30, 2020; and WHEREAS, the City of Anna desires to approve and ratify such said ACDC Budget. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ANNA, TEXAS, THAT: Section 1. Recitals Incorporated The recitals set forth above are incorporated herein for all purposes as if set forth in full. Section 2. Adoption of Fiscal Year 2020-2021 Budget The City Council of the City of Anna, Texas hereby approves the Anna Community Development Corporation 2020-2021 Fiscal Year Budget as set forth in Exhibit A, attached hereto and incorporated herein for all purposes as if set forth in full. PASSED AND APPROVED by the City Council of the City of Anna, Texas this day APPROVE ATTEST: ( a AA ee 4� 7), `7 Ili Carrie L. Land, City Secretary T 2019 i2020 2020 ' 2021 LINE ITEMS %CHANGE ACTUAL BUDGET ESTIMATED ..PROPOSED 61015ALARIES $47,761 $81,216 $7Q500 $91,325 12.40% 6114 PAYROLL TAXES -CITY PART FICA $3,620 $6,221 $6,100 $6,986 12.30% 6121 HEALTH INSURANCE $4,733 $9,927 $1,300 $9,927 0% 6125 TMRS RETIREMENT $6,973 $12,035 $9,991 $12,986 8% 6126 UNEMPLOYMENT $18 $250 $250 $250 0% 6127 WORKERS COMPENSATION $116 $289 $289 $411 42% 6129 MISCELLANEOUS PAYROLL $100 $100 0 $100 0% PAYROLL $63,320 $110,038 $88,430 $121,985 11% 6208 OFFICE SUPPLIES $1,155 basic needs $2,000 $2,000 $2,000 0.00% 6209 OTHER SUPPLIES - MISC. $3,101 $4,500 $4,000 $4,000 -11% meals, meeting supplies, etc. 6210 CLOTHING SUPPLIES $0 $1,000 $1,000 $1,000 0.00% shirts with logos 6212 POSTAGE $13 $100 $100 $100 0.00% mailing bills, etc.. SUPPLIES $6,565 $7,600 $7,100 $7,100 -6.60% 6303 MAINT. AND REPAIR -BUILDINGS $0 $0 $0 $0 0.00% MAINTENANCE $0 $0 $0 $0 0.00% 6700 ECONOMIC DEVELOPMENT GRANT EXPENSE $224,902 $366,585 $366,585 $442,960 20.70% Downtown/Targeted Brea Economic $� $78,900 $78,900 $100,000 26.70% Development Grants Sales Tax Reimbursement agreement with $224,902 $287,685 $287,685 $342,960 19.20% Lhief Partners Phase I' 6703 CONTRACT SERVICES $67,528 $127,354 $117,354 $173,974 36.60% CDC agreement with .City Finance and $4,000 $4,000 $4,000 0% Accounting Services Retail/Restaurant/Entertainment Attraction $0 $35,000 Plan Marketing/T'agline Plan Agreement $0 $20,000 CDC Cost Share of IT and Mclain Budgeting $800 $800 ' $800 0% Software Chamber/CDC Contract $42,000 $42,000 $42,000 ` 0.00% Continuing Disclosure Report Fees (Revenue $1;500 $1,500 $1,500 0% Bonds) Contract Services for Downtown Plan/TIRZ $60,000 $50,000 $45,000 °25% Creation : Housing Study Updates $1,750 $1,750 $1,750 0% Impact Data Source (Third Party Economic $5,400 $5,400 $5,724 6% Impact Tool) Loop Net Business Park Listing $630 $414 $0 Placer Al $6,000 $6,000 $6,000 10% Real Massive to replace Xcelligent $2,250 $2,250 $2,250 0% Website Property Database Platform $3,240 $3,240 $6,950 115% 6722 INSURANCE -PROPERTY AND LIABILITY $3,500 $3,500 $0 $3,500 0.00% Insurance for the Business park Property - since there is no building on this property it does not need coverage 6731PUBLICNOTICES-ADVERTISING $37 $250 $250 $250 0.00% publish notices, 6735 PROMOTION EXPENSE $106,444 $82,097 $80,000 $93,000 13.30% Promotional Materials -Print Ads, other sponsorship opportunities, magazines, displays, billboards, etc. 6753 LEGAL EXPENSE $14,047 $16,500 $13,500 $14,000 -15% legal services 6755 AUDIT EXPENSE $2,338 $3,500 $6,000 $6,000 71.40% CPA services -audit, 99Q 1099s 6756 ENGINEERING $270 $2,500 $0 $1,500 -40% Engineering 6761 DUES, PUBLICATIONS, PERMITS AND $2,186 $5,370 $5,300 $4,670-13.00% Professional Dues-fC$C, D81, TCMA/TCMA, TEDC, IEDC, NAIOP 6782 CITY UTILITIES WATER/SEWER/TRASH $0 $0 $0 $0 0.00% 6783 TELECOM $0 $700 $700 $700 0% Cell phone for Director 6789 DEBT -SERVICE PRINCIPAL $210,000 $215,000 $215,000 $225,000 5% 2016 Debt service on business park $150,000 ;$130,000 -13.30% Bond Debit Series B -Slayter Creek Park $90,000 $95,000 6% Phase II 6790 INTEREST EXPENSE $116,883 $110,876 $110,606 $104,251 -6% 2016 Debt service on business park $63,581 $60,278 -5.20% Series 2012 a 1.6 Million Note for Slayter $47,025 $43,973 -6.50% Creek Park 6799 OTHER SERVICES - MISC. $46,174 $70,000 $70,000 $90,000 29% Cost Allocation to pay. a portion bf salary/benefits for the EDC Director 6710 TRAVEL/TRAINING EXPENSE $ 26,900 $11,442 $25,250 -5% Bisnow Events $ $1,000 Basic Economic Development Course for ED $1,700 $700 $1,000 -41% Manager ICSC ReCON (Four People) $9,200 $2,720 $7,500 -18.50% ICSC Red River $4,500 $4,000 $4,500 0% IEDC Annual Conference $1,300 $1,700 $2,000 54% TCMAAnnualConference $500 $2,000 Mileage Reimbursement for ED Manager $1,200 $500 $750 -37.50% NAIOP Event $3,000 $0 $3,000 0% Sales Tax Training $2,500 $0 $500 -80% TEDC Annual Conference (2 People) $3,000 $750 $3,000 0% SERVICES $790,808 $1,031,132 $1,001,737 $1,182,055 15.00% 6912 BOND COST $0 $0 $0 $0 0.00% 6921 BUILDINGS AND IMPROVEMENTS $0 $0 $0 $0 0.00% 6941 OTHER CAPITAL EXPENDITURES $0 $0 $0 $0 0.00% CAPITAL EXPENDITURES $0 $0 $0 $0 0.00% 8900 OTHER FINANCING USE -DEBT REFUNDINGS $0 $0 $0 $0 0.00°/a 9800 TRANSFERS OUT $0 $0 $0 $0 0.00% 9812 TRANSFERS OUT -GENERAL FUND $0 $0 $0 $0 0.00% OTHER USES OF FUNDS $0 $0 $0 $0 0.00% TOTAL 82S $860,693 $1,148,770 $1,097,267 $1,311,140 14.10% ANNA COMMUNITY DEVELOPMENT CORPORATION RESOLUTION NO. 2020.07.30 A RESOLUTION OF THE ANNA COMMUNITY DEVELOPMENT CORPORATION ADOPTING THE FY 2020-2021 FISCAL YEAR BUDGET AND AUTHORIZING PUBLICATION OF NOTICE OF PROJECTS WHEREAS, to be effective October 1, 2020, 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 2020- 2021 fiscal year; WHEREAS, the 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 and 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 bylaw, 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 $1,311,140 including but not limited to the specific projects or general types of projects set forth in the Anna Community Development Corporation's 2020-2021 fiscal year budget. The Projects will be financed and/or paid from the proceeds of sales tax revenue and other resources of the Corporation. WHEREAS, 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 WHEREAS, 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 Government Code; NOW THEREFORE, BE IT RESOLVED BY THE ANNA COMMUNITY DEVELOPMENT CORPORATION, THAT: CDC OF ANNA, TEXAS RESOLUTION NO 2020.07.30 PAGE 1 OF 2 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 2020-2021 Budget The CDC Board of Directors hereby approves adopting the Anna Community Development Corporation 2020-2021 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 this 30cn day of July 2020. APPROVED: � v Anthony D Richardson (Aug 7, 2020 09:12 CDT) Anthony Richardson, CDC President ATTEST: Rocio Gonzalez, CDC Secretary CDC OF ANNA, TEXAS RESOLUTION NO 2020.07.30 PAGE20F2 6 CDC Budget Resolution Final Audit Report Created: 2020-08-06 By: Taylor Lough (tlough@annatexas.gov) Status: Signed Transaction ID: CBJCHBCAABAAmYGyXwVkMzT70XQruabSJIa19N2XdV5e "6 CDC Budget Resolution" History Document created by Taylor Lough (tlough@annatexas.gov) 2020-08-10 �-► Document emailed to Anthony D Richardson (anthony@opportunityannatx.com) for signature 2020-08-06 - 3:15:06 PM GMT '� Email viewed by Anthony D Richardson (anthony@opportunityannatx.com) 2020-08-07 - 2:10:53 PM GMT- IP address: 47.222.3.251 cS© Document e-signed by Anthony D Richardson (anthony@opportunityannatx.com) Signature Date: 2020-08-07 - 2:12:36 PM GMT -Time Source: server- IP address: 47.222.3.251 c-► Document emailed to Rocio Gonzalez (rociocgonzalez@yahoo.com) for signature 2020-08-07 - 2:12:38 PM GMT � Email viewed by Rocio Gonzalez (rociocgonzalez@yahoo.com) 2020-08-10 - 6:30:24 PM GMT- IP address: 69.147.93.95 do Document e-signed by Rocio Gonzalez (rociocgonzalez@yahoo.com) Signature Date: 2020-08-10 - 6:31:14 PM GMT -Time Source: server- IP address: 72.48.190.69 d Signed document emailed to Rocio Gonzalez (rociocgonzalez@yahoo.com), Taylor Lough (tlough@annatexas.gov) and Anthony D Richardson (anthony@opportunityannatx.com) 2020-08-10 - 6:31:14 PM GMT Adobe Sign