HomeMy WebLinkAboutCDCRes2017.09.14ANNA COMMUNITY DEVELOPMENT CORPORATION
RESOLUTION N0.207-0-I1 CCOC)
A RESOLUTION OF THE ANNA COMMUNITY DEVELOPMENT CORPORATION
ADOPTING THE FY 2017-2018 FISCAL YEAR BUDGET AND AUTHORIZING
PUBLICATION OF NOTICE OF PROJECTS
WHEREAS, to be effective October 1, 2017, 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 2017-
18 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 $825,000
including but not limited to the specific projects or general types of projects set forth in
the Anna Community Development Corporation's 2017-18 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 �d 17'0-/9CCoc, PAGE 1 OF 2
Section 2. Adoption of Fiscal Year 2017-18 Budget
The CDC Board of Directors hereby approves adopting the Anna Community
Development Corporation 2017-2018 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 A)VED y the Anna Community Development Corporation this
day of , 2017.
APPROVED -
Nate Pike
CDC President
ATTEST:
Laur tta Blacketer
CDC Secretary
CDC OF ANNA, TEXAS RESOLUTION NO �017-61-/L( (COt) PAGE 2 OF 2
txnlDli A
CITY OF ANNA
FUND DEPARTMENT DIVISION
89 COMMUNITY DEVELOPMENT CDC 89-825E 825
CORPORATION
DETAILS
2016
2017
2017
1 2018
LINE ITEMS
% CHANGE
ACTUAL
BUDGET
ESTIMATED
I PROPOSED
6101 SALARIES
$0
$0
$0
$55,608
0.0u%
6114 PAYROLL TAXES -CITY PART FICA
$0
$0
$0
$4,262
0.00%
6121 HEALTH INSURANCE
$0
$0
$0
$8,712
0.00%
6125TMRSRETIREMENT
$0
$0
$0
$8,133
0.00%
6126 UNEMPLOYMENT
$0
$0
$0
$200
0.00%
6127 WORKERS COMPENSATION
$0
$0
$0
$140
0.00%
6129 MISCELLANEOUS PAYROLL
$0
$0
$0
$100
0.00%
PAYROLL
$0
$0
$0
$77,155
0.00%
6208 OFFICE SUPPLIES
$12
$250
$250
$500
100.00%
basic needs
$250
$500
6209 OTHER SUPPLIES - MISC.
$18
$250
$150
$1,800
620.00%
meals, meetings supplies, or other
$150
$1,800
administrative items
6210 CLOTHING SUPPLIES
$0
$0
$0
$500
0.00%
new logo, new council members, new board
$0
$500
members etc.
6212 POSTAGE
$9
$50
$75
$100
100.00%
mailing bills, etc..
$75
$100
SUPPLIES
$39
$550
$475
$2,900
427.27%
6303 MAINT. AND REPAIR - BUILDINGS
$0
$0
$0
$0
0.00%
repairs for building at 312 North Powell
$0
$0
parkway
MAINTENANCE
$0
$0
$0
$0
0.00%
6700 ECONOMIC DEVELOPMENT GRANT EXPENSE
$0
$0
$0
$111,000
0.00%
Sales Tax Reimbursement Agreement with
$0
$111,000
Chief Partners for Phase I of retail
development
6703 CONTRACT SERVICES
$10,585
$17,500
$19,000
$89,400
410.86%
CITY OF ANNA
FUND
DEPARTMENT
DIVISION
89 COMMUNITY DEVELOPMENT
CDC
89-825E 825
CORPORATION
DETAILS
2016
2017
2017
2018
LINE ITEMS
ACTUAL
BUDGET
ESTIMATED
PROPOSED
:CHANGE
CDC agreement with City Finance and
$2,000
$4,000
Accounting Services
CDC Cost Share of IT and McLain Budgeting
$500
$800
Software
Contract Services for First Southwest to file
$1,500
$1,500
the Continuing Disclosure for the CDC Bonds
Contract Services/Marketing/Retail
$13,000
$13,000
Assistance (budget amendment)
Office Space
$2,000
$4,000
Professional Services Agreement with
$0
$46,000
EDC/CDC for Chief Admin. Officer
Remove budget for office space. New
$0
($4,000)
Manager will be located at the EDC/CDC
building
Remove the professional services budget to
$0
($46,000)
reimburse the City for 1/2 of the Chief
Admin. Officer's salary
Retail Assistance Professional Services - D.
$0
$66,500
Funderburgh(2018)
budget amendment moved this to other
professional services (2017)
Xceligent - available properties program
$0
$3,600
6711 TRAVEL EXPENSE
$0 $250
$0
$5,800
2,220.00%
$0
$0
ICSC Dallas -2 people
$0
$1,200
ICSC Las Vegas - 2 people
$0
$2,200
TEDC - annual training, conference
$0
$1,000
Travel expenses for CAD or Board Members -
$0
$1,400
Misc. extra person, car rental, other trainings
6721 EDUCATION AND TRAINING
$0 $250
$0
$3,100
1,140.00%
Conference Registration - ICSC, TEDC
$0
$2,600
250 TEDC pp
640 ICSC pp
400 ICSC dallas pp
Training -TEDC, other
$0
$500
training for a CDC related project or
$0
$0
organization such as TACDC (Texas
Association of Community Development
Corporations) or TEDC
6722 INSURANCE - PROPERTY AND LIABILITY
$0 $0
$0
$3,500
0.00%
Insurance 312 North Powell Parkway
$0
$0
Insurance for the Business park Property
$0
$3,500
6731 PUBLIC NOTICES - ADVERTISING
$0 $200
$200
$300
50.00%
publish notices,
$200
$300
6735 PROMOTION EXPENSE
$35,619 $34,800
$34,800
$57,000
63.79%
Exhibit A
CITY OF ANNA
FUND DEPARTMENT DIVISION
89 COMMUNITY DEVELOPMENT
CORPORATION CDC 89-825E 825
DETAILS
2016
2017
2017
2018
LINE ITEMS
I
1
%CHANGE
ACTUAL
BUDGET
ESTIMATED
PROPOSED
Business Directory Map
$0
$0
GACC Banquet'
$0
$5,000
GACC Christmas
$3,000
$3,000
GACC Glowfest
$8,000
$16,000
GACC July4th
$8,000
$15,000
Golf Tournament
$0
$3,000
North Star branding
$0
$0
Promotional Materials - Print Ads, other
$15,800
$15,000
sponsorship opportunities, magazines,
displays, billboards, etc.
6753 LEGAL EXPENSE
$7,820
$11,000
$10,000
$15,000
36.36%
Legal services
$10,000
$15,000
6755 AUDIT EXPENSE
$2,149
$2,500
$3,000
$3,000
20.00%
CPA services - audit, 990, 1099s
$3,000
$3,000
6756 ENGINEERING
$0
$0
$4,000
$15,000
0.00%
Engineering
$4,000
$15,000
6761 DUES, PUBLICATIONS, PERMITS AND LICENSES
$65
$250
$3,500
$1,350
440.00%
Professional Dues - ICSC - 50 pp (5) 250
$3,500
$1,350
TEDC - $550 (2) 1100
Permits - Business Park Plat and Zoning
Application/Permit fees (2017 amendment)
6782 CITY UTILITIES WATER/SEWER/TRASH
$0
$0
$0
$0
0.00%
City utilities - 312 North Powell Parkway
$0
$0
irrigation
6783 TELECOM
$0
$0
$0
$0
0.00%
6789 DEBT -SERVICE PRINCIPAL
$82,000
$133,000
$83,000
$204,000 53.38%
$0
$0
Bond Debit Series B - Slayter Creek Park
$15,000
$20,000
Phase 11
Bond Debt Series A - Refinance of TLF Loan
$68,000
$69,000
Debt service on business park
$0
$115,000
6790INTEREST EXPENSE
$56,327
$165,468
$98,698
$121,867-26.35%
Bond Debit Series A Refinance of TLF loan
$2,081
$697
Debt service on business park
$44,229
$69,360
Series 2012 B 1.6 Million Note for Slayter
$52,388
$51,810
Creek Park
6799 OTHER SERVICES - MISC.
$80,600
$90,000
$90,000
$92,000 2.22%
$0
$0
Adjustment to increase for park maintenance
$30,000
$30,000
support
Cost Allocation pay a portion of the
$60,000
$62,000
personnel cost for the Park Superintendent
Salary
SERVICES
$27S,165
$455,218
$346,198
$722,317 58.67%
tXnIDIL A
CITY OF ANNA
FUND DEPARTMENT DIVISION
89 COMMUNITY DEVELOPMENT
CDC 89-825E 825
CORPORATION
DETAILS
2016
2017
2017
2018
LINE ITEMS
I
I
% CHANGE
ACTUAL
BUDGET
ESTIMATED
PROPOSED
6912 BOND COST
$0
$0
$0
$0
0.00%
6921 BUILDINGS AND IMPROVEMENTS
$0
$0
$0
$0
0.00%
$0
$0
Misc Park Equipment or projects
$0
$0
6941 OTHER CAPITAL EXPENDITURES
$53,031
$80,232
$0
$0
-100.00%
Additional based upon sales tax estimate and
$0
$0
discussion with 1P
Land purchase
$0
$0
park projects, land, or other park related site
$0
$0
improvements
CAPITAL EXPENDITURES
$53,031
$80,232
$0
$0
-100.00%
8900 OTHER FINANCING USE - DEBT REFUNDINGS
$0
$0
$0
$0
0.00%
9812TRANSFERS OUT -GENERAL FUND
$0
$0
$0
$0
0.00%
OTHER USES OF FUNDS
$0
$0
$0
$0
0.00%
TOTAL 8I5
$328,234
$536,000
$346,673
$802,372
49.70%
Exhibit A
CITY OF ANNA
FUND DEPARTMENT DIVISION
89 COMMUNITY DEVELOPMENT
CDC 89-825R 825
CORPORATION
DETAILS
2016
2017
2017
2018
LINE ITEMS
1
I
% CHANGE
ACTUAL
BUDGET
ESTIMATED
PROPOSED
5225 SALES TAX REVENUE - GENERAL
$385,577
$375,000
$593,053
$822,615
119.36%
Based off Sales Tax Revenue budgeted for
$0
$0
City
Projected sales tax based on trend of 20%
$593,053
$822,615
above FY2016 for FY2017. FY2018 based on
an increase of 15% above estimated FY2017
5500 GRANT REVENUE
$0
$0
$0
$0
0.00%
5530 INTEREST REVENUE
$2,894
$2,500
$1,200
$1,800
-28.00%
Est.
$0
$0
Interest
$1,200
$1,800
REVENUES
$388,471
$377,500
$594,253
$824,415
118.39%
5840 BOND PROCEEDS
$0
$0
$0
$0
0.00%
Xfer from EDC for debt pmt
$0
$0
OTHER SOURCE OF FUNDS
$0
$0
$0
$0
0.00%
5999 REVOLVING LOAN REVENUE
$0
$0
$0
$0
0.00%
Payments received from Image Vision
$0
$0
OTHER SOURCES OF FUNDS
$0
$0
$0
$0
0.00%
TOTAL 825
$388,471
$377,500
$594,253
$824,415
118.39%