HomeMy WebLinkAboutEDCRes2015.07.01ANNA ECONOMIC DEVELOPMENT CORPORATION
RESOLUTION NO. (Cb(
A RESOLUTION OF THE ANNA ECONOMIC DEVELOPMENT CORPORATION
APPROVING AND AUTHORIZING A PROMOTIONAL EXPENDITURE FOR A
COMMUNITY BRANDPRINT
WHEREAS, the Board of Directors of the Anna Economic Development Corporation
(the "EDC"), created by the City of Anna, Texas (the "City"), in accordance with Article
5190.6, V.A.T.C.S., Section 4A, and now operating under Texas Local Government
Code, Chapter 501 and other applicable chapters (the "Act") has found that it is in the
best interests of the Corporation to authorize the expenditure of funds for one-third the
cost of the Community BrandPrint being offered by North Star Destination Strategies:
and
WHEREAS, the EDC's funding of Community BrandPrint is subject to the approval of
the Project by the City Council of the City of Anna ("City Council") and also subject to a
project agreement being reached between the EDC and the City; and
WHEREAS, the EDC Board of Directors has investigated and determined that its
contribution toward the cost of the BrandPrint is a promotional expense that will be for
the benefit of the community and will promote new or expanded business enterprise and
economic development.
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 Proposed Plan of Finance
The EDC approves and authorizes the expenditure of promotional funds for 1/3 of the
cost and not to exceed $26,000 without further Board approval, of the Community
BrandPrint being offered by North Star Destination Strategies to the City of Anna. This
funding is subject to City Council approval.
EDC OF ANNA, TEXAS RESOLUTION NO..;26 /_� -C /-� / ( t6 C) PAGE 1 OF 2
5..�
PASSED ND APPROVED by the Anna Economic Development Corporation this
day of , 2015.
APPROVED:
1
Connie 'Stump, C Pres(dent
EDC OF ANNA, TEXAS RESOLUTION NO.'IS06) PAGE 2 OF 2