HomeMy WebLinkAboutCDCRes2018.09.11ANNA COMMUNITY DEVELOPMENT CORPORATION
RESOLUTION NO.o14%i'D�I�// (,CDC-)
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A RESOLUTION OF THE ANNA COMMUNITY DEVELOPMENT CORPORATION
ADOPTING THE FY 2018-2019 FISCAL YEAR BUDGET AND AUTHORIZING
PUBLICATION OF NOTICE OF PROJECTS
WHEREAS, to be effective October 1, 2018, 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 2018-
19 fiscal year;
WHEREAS, 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 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 $900,701
including but not limited to the specific projects or general types of projects set forth in
the Anna Community Development Corporation's 2018-19 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 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:
Section 1. Recitals Incorporated
The recitals set forth above are incorporated herein for all purposes as if set forth in full.
CDC OF ANNA, TEXAS RESOLUTION NO 1e-'D CI" /l CCb C) PAGE 1 OF 2
Section 2. Adoption of Fiscal Year 2018-19 Budget
The CDC Board of Directors hereby approves adopting the Anna Community
Development Corporation 2018-2019 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
42L day of - , 2018.
APPROVED:
ATTEST:
I
Anthony Richardson, CDC President James (3brski, C
Secretary
CDC OF ANNA, TEXAS RESOLUTION NO PAGE 2 OF 2
CITY OF ANNA - EXHIBIT A
FUND DEPARTMENT DIVISION
89 COMMUNITY DEVELOPMENT CDC 825
CORPORATION
LINE ITEM DETAIL
LINE ITEMS
TU L
I ACTUAL
I 2018 BUDGET
I ESTIMATED
I PROPPO�SED
I PROPOSED
6101 SALARIES
$0
$55,608
$35,500
$65,407
$65,407
6114 PAYROLL TAXES -CITY PART FICA
$0
$4,262
$2,800
$5,011
$5,011
6121 HEALTH INSURANCE
$0
$8,712
$4,500
$9,322
$9,322
6125 TMRS RETIREMENT
$0
$8,133
$3,300
$9,420
$9,420
6126 UNEMPLOYMENT
$0
$200
$200
$250
$250
6127 WORKERS COMPENSATION
$0
$140
$122
$233
$233
6129 MISCELLANEOUS PAYROLL
$0
$100
$0
$100
$100
PAYROLL TOTAL
$0
$77,155
$46,422
$89,744
$89,744
6208 OFFICE SUPPLIES
$22
$500
$500
$500
$500
6209 OTHER SUPPLIES - MISC.
$167
$1,800
$1,000
$1,800
$1,800
6210 CLOTHING SUPPLIES
$0
$500
$500
$0
$0
6212 POSTAGE
$71
$100
$100
$100
$100
SUPPLIES TOTAL
$259
$2,900
$2,100
$2,400
$2,400
6303 MAINT. AND REPAIR - BUILDINGS
$0
$0
$0
$0
$0
MAINTENANCE TOTAL
$0
$0
$0
$0
$0
6700 ECONOMIC DEVELOPMENT GRANT
$0
$111,000
$203,847
$210,870
$210,870
EXPENSE
6703 CONTRACT SERVICES
$6,138
$89,400
$81,700
$86,400
$86,400
6711 TRAVEL EXPENSE
$0
$5,800
$5,250
$7,500
$7,500
6721 EDUCATION AND TRAINING
$0
$3,100
$3,080
$3,580
$3,580
6722 INSURANCE - PROPERTY AND LIABILITY
$0
$3,500
$3,500
$3,500
$3,500
6731 PUBLIC NOTICES -ADVERTISING
$45
$300
$100
$250
$250
6735 PROMOTION EXPENSE
$24,500
$57,000
$47,000
$52,000
$90,000
6753 LEGAL EXPENSE
$11,959
$15,000
$15,000
$15,000
$15,000
6755 AUDIT EXPENSE
$1,290
$3,000
$2,240
$2,300
$2,300
6756 ENGINEERING
$3,497
$15,000
$15,000
$2,500
$2,500
6761 DUES, PUBLICATIONS, PERMITS AND
$3,488
$1,350
$1,350
$3,350
$3,350
LICENSES
6782 CITY UTILITIES WATER/SEWER/TRASH
$0
$0
$0
$0
$0
6783 TELECOM
$0
$0
$0
$0
$0
6789 DEBT -SERVICE PRINCIPAL
$83,000
$204,000
$204,000
$210,000
$210,000
6790 INTEREST EXPENSE
$98,697
$121,867
$122,564
$116,883
$116,883
6799 OTHER SERVICES - MISC.
$90,000
$92,000
$92,000
$45,000
$56,424
SERVICES TOTAL
$322,613
$722,317
$796,631
$759,133
$808,557
6912 BOND COST
$134,487
$0
$0
$0
$0
6921 BUILDINGS AND IMPROVEMENTS
$0
$0
$0
$0
$0
6941 OTHER CAPITAL EXPENDITURES
$2,757,904
$0
$0
$0
$0
CAPITAL EXPENDITURES TOTAL
$2,892,391
$0
$0
$0
$0
8900 OTHER FINANCING USE - DEBT $0 $0 $0 $0 $0
REFUNDINGS
9812 TRANSFERS OUT - GENERAL FUND $0 $0 $0 $0 $0
OTHER USES OF FUNDS TOTAL $0 $0 $0 $0 $0
89-825E TOTAL $3,215,263 $802,372 $845,153 $851,277 $900,701