HomeMy WebLinkAboutEDCRes2016.02.03ANNA ECONOMIC DEVELOPMENT CORPORATION
RESOLUTION NO.A D)6 -Oa?-'03 (at)
A RESOLUTION OF THE ANNA ECONOMIC DEVELOPMENT CORPORATION
AUTHORIZING THE CHIEF ADMINISTRATIVE OFFICER TO MAKE AN OFFER FOR
A LAND PURCHASE ON BEHALF OF THE EDC
WHEREAS, the Anna Economic Development Corporation (the "EDC") intends to
purchase property; and
WHEREAS, the EDC has determined that purchasing property is in the financial
interests of the EDC;
NOW THEREFORE, BE IT RESOLVED BY THE ANNA ECONOMIC DEVELOPMENT
CORPORATION, THAT:
Section 1. Recitals Incorporated
The recitals set forth above are incorporated herein for all purposes as if set forth in full.
Section 2. Authority to Execute Financing Agreement
The EDC hereby authorizes the Chief Administrative Officer to negotiate, on the EDC's
behalf, an offer toward a purchase agreement along with any associated documents
(collectively, the "Purchase Documents") necessary to set forth an arrangement
between the EDC and the Seller.
Authority to execute the Closing Documents is subject to additional approvals of the
EDC board and of the form of same by the EDC's legal counsel, and any necessary
approval by the City of Anna City Council.
PASSED APPROVED by the Anna Economic Development Corporation this YF�day of AND
�,r' , 2016.
APPROVED:
AFT
CIPresident, Consta ce Stum
EDC OF ANNA, TEXAS RESOLUTION NO�M(6'���3 C�� PAGE 1 OF 1