HomeMy WebLinkAboutEDCRes2011.08.02ANNA ECONOMIC DEVELOPMENT CORPORATION
RESOLUTION NO. 2-611-OT--02-CE0c)
A RESOLUTION OF THE ANNA ECONOMIC DEVELOPMENT CORPORATION
AUTHORIZING NEGOTIATIONS TO PURCHASE AND FINANCE REAL PROPERTY
WHEREAS, the Anna Economic Development Corporation (the "EDC") may purchase
certain property described in further detail below to be used for economic development
purposes; and
WHEREAS, the EDC has determined that exploring the purchase of said property is in
the financial interests of the EDC and the EDC desires to authorize negotiations for the
purchase and financing of said property,
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 Negotiate Proposed Terms of Purchase and Financing
Agreement
The Board of Directors of the EDC ("the Board") hereby authorizes the Chief
Administrative Officer ("CAO") to negotiate, on the EDC's behalf, the proposed terms of
a purchase and finance agreement between the EDC and the owner of property located
at 312 North Powell Parkway. The CAO is directed to report back to the Board with
respect to said proposed purchase and finance agreement for the Board's
consideration.
PASSED AND APPROVED by the Anna Economic Development Corporation this
day of Sf , 2011.
APPROVED:
'ffbt President
ATTEST:
EDC Secret ry
EDC OF ANNA, TEXAS RESOLUTION NO.?otl-OT-az (Egc) PAGE 1 OF 1