HomeMy WebLinkAboutCDCRes2014.04.01ANNA COMMUNITY DEVELOPMENT CORPORATION
RESOLUTION NO. vtlg I c l U 6
A RESOLUTION OF THE ANNA COMMUNITY DEVELOPMENT CORPORATION
APPROVING AND AUTHORIZING THE EXPENDITURE OF FUNDS FOR SLAYTER
CREEK PUBLIC PARK SITE IMPROVEMENTS TO THE SPLASH PAD
WHEREAS, the Board of Directors of the Anna Community Development Corporation
(the "CDC"), 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 found that it is in the best interests of the Corporation
to authorize an expenditure of funds for site improvements to the splash pad at Slayter
Creek Park for a recirculating water system; and
WHEREAS, the CDC's funding of the recirculating system site improvements to the
splash pad at Slayter Creek Park is subject to the approval of the City Council of the
City of Anna ("City Council"); and,
WHEREAS, the CDC Board of Directors has investigated and determined that the
expenditure for the recirculating system site improvements to the splash pad that is the
subject of this resolution is suitable for infrastructure improvements necessary to
promote or develop new or expanded business enterprises;
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.
Section 2. Authority for Site Improvement Expenditure
The CDC approves and authorizes the expenditure of funds for a recirculating system
site improvement to the splash pad at Slayter Creek and authorizes the CDC's COA to
expend those funds, however, not to exceed $75,000, and further being subject to any
necessary budgetary amendment to the CDC fiscal year 2013-2014 budget. The
funding of this project by the CDC will be subject to City Council approval.
CDC OF ANNA, TEXAS RESOLUTION NO. 26 /y" 4 -- C / " Co PAGE 1 OF 2
PASSED AND APPROVED by the Anna Community Development Corporation this
day of
�� 2014.
APPROVED:
Joh oucek, CDC President
ATTEST:
Sherilyn ioclfrey,bbc cr(#ry
CDC OF ANNA, TEXAS RESOLUTION NO.'�?"'9 ` q—l') C � G PAGE 2 OF 2