HomeMy WebLinkAboutCDCRes2016.08.03ANNA COMMUNITY DEVELOPMENT CORPORATION
RESOLUTION NOJo16 -c r-t, 3 C (Df
RESOLUTION DIRECTING PUBLICATION OF NOTICE OF PROJECTS AND PUBLIC
HEARING FOR THE FISCAL YEAR BUDGET 2016-2017
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
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
$375,000, including but not limited to the specific projects or general types of projects
set forth in the Anna Community Development Corporation's 2016-17 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 BOARD OF DIRECTORS OF ANNA COMMUNITY
DEVELOPMENT CORPORATION:
Section 1. FORM OF NOTICE. Attached hereto is a form of Notice of Project and the
form and substance of which are hereby adopted and approved.
Section 2. PUBLICATION OF NOTICE OF PROJECTS AND PUBLIC HEARING.
Said Notice shall be published, in substantially the form attached hereto, in a
newspaper, as defined in Texas Government Code Sec. 2051.044, of general
CDC OF ANNA, TEXAS RESOLUTION NO.,�'O/6 -Of-n 3 C(DC ) PAGE 1 OF 3
circulation in the area of the City of Anna, Texas and shall include notice of the public
hearing on the projects to be held on the ' day off��e 1 2016.
Section 3. EFFECTIVE DATE. This Resolution shall become effective immediately
upon adoption.
PASSED AND APPROVED by the Anna Community Development Corporation this
_'day of , 2016.
APPROVED:
CD resident, John Houcek
CDC OF ANNA, TEXAS RESOLUTION NO.'P016!08-.03C 4bc J PAGE 2 OF 3
ANNA COMMUNITY DEVELOPMENT CORPORATION
NOTICE OF PROJECTS
NOTICE IS HEREBY GIVEN THAT the Anna Community Development Corporation (the
"Corporation"), a non-profit corporation created pursuant to the Development
Corporation Act of 1979, Article 5190.6, Vernon's Texas Civil Statues, Section 4B, and
now operating under Texas Local Gov't Code, Chapter 505 (the "Act"), intends to make
expenditures of funds for certain projects (the "Projects"). The Projects will be financed and/or
paid from the proceeds of sales tax revenue and other resources of the Corporation. The
Projects shall include: land and building improvements, equipment purchases, park
facilities and improvements, capital expenditures, targeted infrastructure, site
improvements, promotional expenditures, engineering and/or legal services,
administrative 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 $375,000,
including but not limited to the specific projects or general types of projects set forth in the
Anna Community Development Corporation's 2016-17 fiscal year budget.
ANNA COMMUNITY DEVELOPMENT CORPORATION
CDC OF ANNA, TEXAS RESOLUTION (0 ( PAGE 3 OF 3