HomeMy WebLinkAboutCDCRes2013.02.01ANNA COMMUNITY DEVELOPMENT CORPORATION
RESOLUTION NO.,�0/3 -O,� -Ot ( Cde)
A RESOLUTION OF THE ANNA COMMUNITY DEVELOPMENT CORPORATION
AUTHORIZING THE CHIEF ADMINISTRATIVE OFFICER TO ACT ON THE BOARD'S
BEHALF IN EXECUTING AN IMPROVEMENT FUNDING AND REIMBURSEMENT
AGREEMENT
WHEREAS, the Anna Community Development Corporation (the "CDC") desires to
authorize its Chief Administrative Officer to enter an agreement with Anna 455
Commercial, LP ("Anna 455") for the temporary funding of certain improvements and
reimbursement of said funding; and
WHEREAS, the CDC has determined that the above -referenced arrangement is in the
best interests of the CDC and will promote new or expanded business development in
the City of Anna;
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 to Execute Agreement
The Board of Directors of the Anna Community Development Corporation authorizes its
Chief Administrative Officer to execute, on behalf of the CDC, and subject to approval of
the form and content by the CDC's legal counsel and the substance of the agreement
by Corporations' Chief Administrative Officer, an agreement with Anna 455, to assist
with temporary funding of Anna 455's proportionate responsibility for the cost of a
median break on F.M. 455 within the corporate limits of the City of Anna.
PASSED AND APPROVED by the Anna Community Development Corporation this
_ 7 day of ' , 2013.
APPROVED: ATTEST:
Jaifin Focht, 6DC President Sherilyn Go rey, CDC S ret
CDC OF ANNA, TEXAS RESOLUTION NO.dP'�3 -Ot2�0 L CAC- PAGE 1 OF 1