HomeMy WebLinkAboutCDCRes2010.07.01ANNA COMMUNITY DEVELOPMENT CORPORATION
RESOLUTION NO. Or) - 01 ir..�C-
A
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 determined that it is advisable and in the best
interests of the Corporation to give notice of the intention of the Corporation to
undertake, and to call a public hearing on, the following project(s):
outdoor recreation project for Phase II of Slayter Creek Park including
public park and open space facility improvements including community
center, parking facilities, roads, restroom facilities, and recreational
facilities, and other purposes permitted by law (the "Project"), in order to
provide improvements for public park and open space purposes; and,
WHEREAS, the CDC desires to authorize the expenditure of funds of up to $500,000
under a project agreement with the City for the funding of the Project, subject to certain
conditions as set forth in this resolution; and,
WHEREAS, the CDC's funding of the Project 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 CDC and the City; and,
WHEREAS, the CDC Board of Directors has investigated and; determined that providing
the funding for the Project, subject to the aforementioned conditions, is in the CDC's
best interest and will enhance the recreational and community facilities of the City and
will be for the benefit of the community; 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 ANNA COMMUNITY
DEVELOPMENT CORPORATION, THAT:
CDC OF ANNA, TEXAS RESOLUTION NO. A ID IO�DQ-OI 0 C.) PAGE 1.,OF 2
Section 1. Recitals Incorporated
The recitals set forth above are incorporated herein for all purposes as if set forth in full.
Section 2. Approval of Project and Authority to Expend Funds
The CDC approves the outdoor recreation project for Phase II of Slayter Creek Park
and authorizes the expenditure of funds of up to $500,000 in the form of a
reimbursement to the City for the development of the Project. The funding by the CDC
will be subject to City Council approval and subject to a project agreement between the
CDC and the City to be executed after City Council consideration and approval of the
Project.
Section 3. Form of Notice
Attached hereto is a form of Notice of Project and Notice of Public Hearing, which shall
be published without unnecessary delay after City Council approval of the Project, in
substantially the same form and substance as attached hereto.
Section 4. Publication of Notice
Said Notice shall be published in a newspaper, as defined in Texas Government Code
Sec. 2051.044, of general circulation in the area of the City of Anna, Texas.
Section 5. Public Hearing
A public hearing shall be held on the proposed projects on August 5, 2010 at four
o'clock p.m., at the Anna City Hall Administration Building, 111 N. Powell Parkway,
Anna, Texas.
PASSED AND APPROVED by the Anna Community Development Corporation this 1st
day of July, 2010.
CDC OF ANNA, TEXAS RESOLUTION NO. ,�d l 6 -01-* 0 4 CC. fl C PAGE 2 OF 2
ANNA COMMUNITY DEVELOPMENT CORPORATION
NOTICE OF PROJECTS AND NOTICE OF PUBLIC HEARING
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 Statutes, Section 413, and now operating under Texas
Local Government Code, Chapter 505 (the "Act"), will hold a public hearing at four o'clock p.m.
on August 5, 2010, at the Anna City Hall Administration Building, 111 N. Powell Parkway, Anna,
Texas, on the expenditure of funds to undertake projects providing outdoor recreation project for
Phase II of Slayter Creek Park including public park and open space facility improvements
including community center, parking facilities, roads, restroom facilities, and recreational
facilities, and other purposes permitted by law (the "Project"), in order to provide improvements
for public park and open space purposes (the "Project"), in order to provide improvements for
public park and open space purposes as authorized by the Act. The Projects will be financed
from the proceeds of certificates of obligation to be issued by the City, and paid from sales tax
revenues and other resources of the Corporation. The Projects shall include the land, buildings,
equipment, facilities, and improvements (one or more) found by the Corporation's Board of
Directors to be required or suitable for the promotion and development of the Projects. The
costs of the Projects are estimated not to exceed $500,000. All interested persons are invited to
attend the public hearing and speak for or against the undertaking of the proposed Projects.
ANNA COMMUNITY DEVELOPMENT CORPORATION
EXHIBIT A