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Home My WebLink AboutCDCpkt2017-08-03AGENDA ANNA COMMUNITY DEVELOPMENT CORPORATION Thursday, August 3, 2017 @ 5:00 P M COMMUNITY Anna City Hall, Council Chambers DEVELOPMENT CORPORATION 111 N. Powell Parkway, Anna, Texas 75409 The Anna Community Development Corporation will conduct a meeting at 5:00 PM on August 3, 2017, at the Anna City Hall Administration Building, 111 N. Powell Parkway, to consider the following items: Call to Order, Roll Call and Estabilishment of Quorum 2. Invocation and Pledge 3. Citizen Comments 4. Consider/Discuss/Action regarding adopting a resolution approving the proposed FY 2017-2018 budget and authorizing publication of the proposed budget. 5. Consider/Discuss/Action approving minutes from the July 7, 2017 meeting. 6. Adjourn. This is to certify that I, Jessica Perkins, Chief Administrative Officer, posted this agenda at a place readily accessible to the public at the Anna City Hall and on the City Hall bulletin board at or before 5:00 p.m. on July 31, 2017. Jessica Perkins, Chief Administrative Officer IMPORTANT LEGAL NOTICE: The Corporation may vote and/or act upon each of the items listed in this agenda. The Corporation reserves the right to retire into closed session concerning any of the items listed on this agenda, whenever it is considered necessary and legally justified under the Open Meetings Act. Disabled persons who want to attend this meeting and who may need assistance should contact the City Secretary at 972-924-3325 two working days prior to the meeting so that appropriate arrangements can be made. ADDITIONAL NOTICE REGARDING MEETING TIME: In the event that the Anna Community Development Corporation meets at the same time and place scheduled for this meeting, then this meeting will be delayed and will begin immediately after the conclusion of the meeting of the Anna Community Development Corporation. COMMUNITY DEVELOPMENT CORPORATION AGENDA ITEM: Item No. 4. CDC Agenda Staff Report Meeting Date: 8/3/2017 Staff Contact. Jessica Perkins Consider/Discuss/Action regarding adopting a resolution approving the proposed FY 2017-2018 budget and authorizing publication of the proposed budget. SUMMARY: Staff will review the budget in detail during the meeting. However, the attached budget has not deviated much from previous draft versions. The attached budget has been reviewed by council. STAFF RECOMMENDATION: Staff recommends you approve. ATTACHMENTS: Description Upload Date Type res. fy 17-18 budget 7/31/2017 Resolution exhibit CDC budget 7/31/2017 Backup Material 17-18 Publication Notice 8/1/2017 Backup Material ANNA COMMUNITY DEVELOPMENT CORPORATION RESOLUTION NO. A RESOLUTION OF THE ANNA COMMUNITY DEVELOPMENT CORPORATION ADOPTING THE FY 2017-2018 FISCAL YEAR BUDGET WHEREAS, to be effective October 1, 2017, the Anna Community Development Corporation (the "CDC") and subject to approval of the City of Anna City Council, the Board of directors of the CDC desires to approve and adopt the CDC budget for the 2017-18 fiscal year; 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. Adoption of Fiscal Year 2017-18 Budget The CDC Board of Directors hereby approves adopting the Anna Community Development Corporation 2017-2018 fiscal year budget as set forth in Exhibit A, attached hereto and incorporated herein for all purposes as if set forth in full, subject to approval by the City of Anna City Council. PASSED AND APPROVED by the Anna Community Development Corporation this day of , 2017. APPROVED: Nate Pike, CDC President ATTEST: Lauretta Blacketer, CDC Secretary CDC OF ANNA, TEXAS RESOLUTION NO PAGE 1 OF 1 CITY OF ANNA FUND DEPARTMENT DIVISION 89 COMMUNITY DEVELOPMENT CDC 89 825E 825 CORPORATION DETAILS 2016 2017 2017 2018 LINE ITEMS / CHANGE ACTUAL BUDGET ESTIMATED PROPOSED 6101 SALARIES $0 $0 $0 $55,608 0.00% 6114 PAYROLL TAXES -CITY PART FICA $0 $0 $0 $4,262 0.00% 6121 HEALTH INSURANCE $0 $0 $0 $8,712 0.00% 6125 TMRS RETIREMENT $0 $0 $0 $8,133 0.00% 6126 UNEMPLOYMENT $0 $0 $0 $200 0.00% 6127 WORKERS COMPENSATION $0 $0 $0 $140 0.00% 6129 MISCELLANEOUS PAYROLL $0 $0 $0 $100 0.00% PAYROLL $0 $0 $0 $77,155 0.00% 6208 OFFICE SUPPLIES $12 $250 $250 $500 100.00% basic needs $250 $500 6209 OTHER SUPPLIES - MISC. $18 $250 $150 $1,800 620.00% meals, meetings supplies, or other $150 $1,800 administrative items 6210 CLOTHING SUPPLIES $0 $0 $0 $500 0.00% new logo, new council members, new board $0 $500 members etc. 6212 POSTAGE $9 $50 $75 $100 100.00% mailing bills, etc.. $75 $100 SUPPLIES $39 $550 $475 $2,900 427.27% 6303 MAINT. AND REPAIR - BUILDINGS $0 $0 $0 $0 0.00% repairs for building at 312 North Powell $0 $0 parkway MAINTENANCE $0 $0 $0 $0 0.00% 6700 ECONOMIC DEVELOPMENT GRANT EXPENSE $0 $0 $0 $111,000 0.00% Sales Tax Reimbursement Agreement with $0 $111,000 Chief Partners for Phase I of retail development 6703 CONTRACT SERVICES $10,585 $17,500 $19,000 $89,400 410.86% CITY OF ANNA FUND DEPARTMENT DIVISION 89 COMMUNITY DEVELOPMENT CDC 89 825E 825 CORPORATION DETAILS 2016 2017 2017 2018 LINE ITEMS / CHANGE ACTUAL BUDGET ESTIMATED PROPOSED CDC agreement with City Finance and $2,000 $4,000 Accounting Services CDC Cost Share of IT and McLain Budgeting $500 $800 Software Contract Services for First Southwest to file $1,500 $1,500 the Continuing Disclosure for the CDC Bonds Contract Services/Marketing/Retail $13,000 $13,000 Assistance (budget amendment) Office Space $2,000 $4,000 Professional Services Agreement with $0 $46,000 EDC/CDC for Chief Admin. Officer Remove budget for office space. New $0 ($4,000) Manager will be located at the EDC/CDC building Remove the professional services budget to $0 ($46,000) reimburse the City for 1/2 of the Chief Admin. Officer's salary Retail Assistance Professional Services - D. $0 $66,500 Funderburgh(2018) budget amendment moved this to other professional services (2017) Xceligent - available properties program $0 $3,600 6711 TRAVEL EXPENSE $0 $250 $0 $5,800 2,220.00% $0 $0 ICSC Dallas - 2 people $0 $1,200 ICSC Las Vegas - 2 people $0 $2,200 TEDC - annual training, conference $0 $1,000 Travel expenses for CAD or Board Members - $0 $1,400 Misc. extra person, car rental, other trainings 6721 EDUCATION AND TRAINING $0 $250 $0 $3,100 1,140.00% Conference Registration - ICSC, TEDC $0 $2,600 250 TEDC pp 640 ICSC pp 400 ICSC dallas pp Training -TEDC, other $0 $500 training for a CDC related project or $0 $0 organization such as TACDC (Texas Association of Community Development Corporations) or TEDC 6722 INSURANCE - PROPERTY AND LIABILITY $0 $0 $0 $3,500 0.00% Insurance 312 North Powell Parkway $0 $0 Insurance for the Business park Property $0 $3,500 6731PUBLIC NOTICES -ADVERTISING $0 $200 $200 $300 50.00% publish notices, $200 $300 6735 PROMOTION EXPENSE $35,619 $34,800 $34,800 $57,000 63.79% CITY OF ANNA FUND DEPARTMENT DIVISION 89 COMMUNITY DEVELOPMENT CDC 89 825E 825 CORPORATION DETAILS 2016 2017 2017 2018 LINE ITEMS / CHANGE ACTUAL BUDGET ESTIMATED PROPOSED Business Directory Map $0 $0 GACC Banquet' $0 $5,000 GACC Christmas $3,000 $3,000 GACC Glowfest $8,000 $16,000 GACC July 4th $8,000 $15,000 Golf Tournament $0 $3,000 North Star branding $0 $0 Promotional Materials - Print Ads, other $15,800 $15,000 sponsorship opportunities, magazines, displays, billboards, etc. 6753 LEGAL EXPENSE $7,820 $11,000 $10,000 $15,000 36.36% Legal services $10,000 $15,000 6755 AUDIT EXPENSE $2,149 $2,500 $3,000 $3,000 20.00% CPA services - audit, 990, 1099s $3,000 $3,000 6756 ENGINEERING $0 $0 $4,000 $15,000 0.00% Engineering $4,000 $15,000 6761 DUES, PUBLICATIONS, PERMITS AND LICENSES $65 $250 $3,500 $1,350 440.00% Professional Dues - ICSC - 50 pp (5) 250 $3,500 $1,350 TEDC - $550 (2) 1100 Permits - Business Park Plat and Zoning Application/Permit fees (2017 amendment) 6782 CITY UTILITIES WATER/SEWER/TRASH $0 $0 $0 $0 0.00% City utilities - 312 North Powell Parkway $0 $0 irrigation 6783 TELECOM $0 $0 $0 $0 0.00% 6789 DEBT -SERVICE PRINCIPAL $82,000 $133,000 $83,000 $204,000 53.38% $0 $0 Bond Debit Series B - Slayter Creek Park $15,000 $20,000 Phase II Bond Debt Series A - Refinance of TLF Loan $68,000 $69,000 Debt service on business park $0 $115,000 6790 INTEREST EXPENSE $56,327 $165,468 $98,698 $121,867 -26.35% Bond Debit Series A Refinance of TLF loan $2,081 $697 Debt service on business park $44,229 $69,360 Series 2012 B 1.6 Million Note for Slayter $52,388 $51,810 Creek Park 6799 OTHER SERVICES - MISC. $80,600 $90,000 $90,000 $92,000 2.22% $0 $0 Adjustment to increase for park maintenance $30,000 $30,000 support Cost Allocation pay a portion of the $60,000 $62,000 personnel cost for the Park Superintendent Salary SERVICES $275,165 $455,218 $346,198 $722,317 58.67% CITY OF ANNA FUND DEPARTMENT DIVISION 89 COMMUNITY DEVELOPMENT CDC 89 825E 825 CORPORATION DETAILS 2016 2017 2017 2018 LINE ITEMS / CHANGE ACTUAL BUDGET ESTIMATED PROPOSED 6912 BOND COST $0 $0 $0 $0 0.00% 6921 BUILDINGS AND IMPROVEMENTS $0 $0 $0 $0 0.00% $0 $0 Misc Park Equipment or projects $0 $0 6941 OTHER CAPITAL EXPENDITURES $53,031 $80,232 $0 $0 -100.00% Additional based upon sales tax estimate and $0 $0 discussion with JP Land purchase $0 $0 park projects, land, or other park related site $0 $0 improvements CAPITAL EXPENDITURES $53,031 $80,232 $0 $0 -100.00% 8900 OTHER FINANCING USE - DEBT REFUNDINGS $0 $0 $0 $0 0.00% 9812 TRANSFERS OUT - GENERAL FUND $0 $0 $0 $0 0.00% OTHER USES OF FUNDS $0 $0 $0 $0 0.00% TOTAL 825 $328,234 $536,000 $346,673 $802,372 49.70% CITY OF ANNA FUND DEPARTMENT DIVISION 89 COMMUNITY DEVELOPMENT CDC 89 825R 825 CORPORATION DETAILS 2016 2017 2017 2018 LINE ITEMS / CHANGE ACTUAL BUDGET ESTIMATED PROPOSED 5225 SALES TAX REVENUE - GENERAL $385,577 $375,000 $593,053 $822,615 119.36% Based off Sales Tax Revenue budgeted for $0 $0 City Projected sales tax based on trend of 20% $593,053 $822,615 above FY2016 for FY2017. FY2018 based on an increase of 15% above estimated FY2017 5500 GRANT REVENUE $0 $0 $0 $0 0.00% 5530 INTEREST REVENUE $2,894 $2,500 $1,200 $1,800-28.00% Est. $0 $0 Interest $1,200 $1,800 REVENUES $388,471 $377,500 $594,253 $824,415 118.39% 5840 BOND PROCEEDS Xfer from EDC for debt prat $0 $0 $0 $0 $0 $0 0.00% OTHER SOURCE OF FUNDS $0 $0 $0 $0 0.00% 5999 REVOLVING LOAN REVENUE Payments received from Image Vision $0 $0 $0 $0 $0 $0 0.00% OTHER SOURCES OF FUNDS $0 $0 $0 $0 0.00% TOTAL 825 $388,471 $377,500 $594,253 $824,415 118.39% ANNA COMMUNITY DEVELOPMENT CORPORATION NOTICE OF PROJECTS 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 Statues, Section 4B, and now operating under Texas Local Gov't Code, Chapter 505 (the "Act"), intends to make expenditures of funds for certain projects (the "Projects"). The Projects will be financed and/or paid from the proceeds of sales tax revenue and other resources of the Corporation. The Projects shall include: land and building improvements, equipment purchases, park facilities and improvements, capital expenditures, targeted infrastructure, site improvements, promotional expenditures, engineering and/or legal services, administrative personnel services, and other purposes permitted by law, in order to provide improved community development and/or to promote new or expanded business enterprises for the benefit of the public. The costs of the Projects are estimated not to exceed $825,000 including but not limited to the specific projects or general types of projects set forth in the Anna Community Development Corporation's 2017-18 fiscal year budget. COMMUNITY DEVELOPMENT CORPORATION AGENDAITEM: Item No. 5. CDC Agenda Staff Report Meeting Date: Staff Contact. Perkins Consider/Discuss/Action approving minutes from the July 7, 2017 meeting. SUMMARY: STAFF RECOMMENDATION: ATTACHMENTS: 8/3/2017 Jessica Description Upload Date Type 7-6-2017 CDC minutes 8/2/201 1 Backup Material MINUTES OF THE ANNA COMMUNITY DEVELOPMENT CORPORATION OIL Thursday, July 6, 2017 COMMUNITY DEVELOPMENT CORPORATION The Anna Community Development Corporation ("CDC') of the City of Anna met at 5:00' p.m., on Thursday, July 6, 2017, at the Anna City Hall Administration Building, 111 North Powell Parkway (Hwy. 5), Anna, Texas. Call to Order, Roll Call and Establishment of Quorum. Nate Pike, President, called the meeting to order at 5:02 p.m., and after roll call and the establishment of a quorum, the following items were presented to the Directors for their consideration. Directors in attendance: Alonzo Tutson, Brent Thomas, Connie Stump, Doug Hermann Anthony Richardson, and Nate Pike. Directors in Abstention: James Gurski A quorum was declared present and the floor was open for business. Others in attendance: Clark McCoy, legal counsel for CDC; and Jessica Perkins Chief Administrative Officer. 2. Invocation and Pledge. Nate Pike gave the invocation and led the group in the Pledge of Allegiance. 3. Citizen Comments None 4. Presentation/Discussion on the progress of the Natural Springs Park project that was approved in April 2016. Maurice Schwanke, Planning and Parks Director, gave a presentation of the progress of the projects. No action taken. 1 ADDITIONAL NOTICE REGARDING MEETING TIME: In the event that the Anna Economic Development Corporation meets at the same time and place scheduled for this meeting, then this meeting will be delayed and will begin immediately after the conclusion of the meeting of the Anna Economic Development Corporation. IMPORTANT LEGAL NOTICE: The Corporation may vote and/or act upon each of the items listed in this agenda. The Corporation reserves the right to retire into executive session concerning any of the items listed on this agenda, whenever it si considered necessary and legally justified under the Opening Meetings Act. Disable persons who want to attend this meeting and who may need assistance should contact the City Secretary at 972-924-3325 two working days prior to the meeting so that appropriate arrangements can be made. 07-06-2017 Regular CDC Minutes.doc 5. Consider/Discuss/Action regarding approving a resolution authorizing the Chief Administrative Officer to procure professional services with Xceligent, a commercial property listing and data organization. Staff reviewed with the board the benefits of using Xceligent property listing service. Nate Pike made a motion to approve. Connie Stump seconded the motion. All in favor. Motion passed. 6. Discussion regarding placing an advertisement on Loopnet, a commercial property listing company. Staff reviewed an advertising opportunity available on Loopnet. No action taken. 7. Closed Session a. Discuss or deliberate the purchase, exchange, lease, or value of real property (Tex. Gov't Code §551.072). b. Discuss or deliberate Economic Development Negotiations: (1) To discuss or deliberate regarding commercial or financial information that the Board of Directors has received from a business prospect that the Board of Directors seeks to have locate, stay, or expand in or near the territory of the City of Anna and with which the Board is conducting economic development negotiations; or (2) To deliberate the offer of a financial or other incentive to a business prospect described by subdivision (1) (Tex. Gov't Code §551.087); Anna Business Pro- spects. Alonzo Tutson made motion to move into Closed Session that was seconded by Brent Thomas. Motion passed and the Board entered into Closed Session at 5:37 p.m. After discussing the business at hand, Nate Pike made a motion to adjourn Closed Session and return to Open Session. Brent Thomas seconded the motion. Motion passed, and Closed Session was adjourned on Thursday, July 6, 2017 at 5:55 p.m. 8. Consider/Discuss/Action regarding approving a resolution authorizing a budget amendment for the current (2016-2017) fiscal year budget. Brent Thomas made a motion to approve this item. The motion was seconded by Alonzo Tutson. All in favor. Motion passed. 9. Discussion/Review of prosed budget for fiscal year 2017-2018. Staff reviewed the proposed line item budget with the board. No action was taken. IMPORTANT LEGAL NOTICE: The Corporation may vote and/or act upon each of the items listed in this agenda. The Corporation reserves the right to retire into executive session concerning any of the items listed on this agenda, whenever it si considered necessary and legally justified under the Opening Meetings Act. Disable persons who want to attend this meeting and who may need assistance should contact the City Secretary at 972-924-3325 two working days prior to the meeting so that appropriate arrangements can be made. 07-06-2017 Regular CDC Minutes.doc 10. Consider/Discuss/Action regarding approving a resolution authorizing the execution of a land sale contract with Kirby Smith for approximately 9acres of land located in the Anna Business Park located at the northeast corner of hwy. 5 and the Collin County Outer Loop. Nate Pike made a motion to table this item. Alonzo Tutson seconded the motion. All in favor. Motion passed. 11. Consider/Discuss/Action regarding minutes from December 3, 2015. Brent Thomas made a motion to accept the minutes as written. Dough Hermann seconded the motion. All in favor. Motion passed 12. Adjourn. Nate Pike made a motion to adjourn the meeting. Alonzo Tutson seconded the motion and the meeting adjourned at 7:04 p.m. APPROVED: Nate Pike President of CDC ATTESTED: Lauretta Blacketer Secretary of CDC IMPORTANT LEGAL NOTICE: The Corporation may vote and/or act upon each of the items listed in this agenda. The Corporation reserves the right to retire into executive session concerning any of the items listed on this agenda, whenever it si considered necessary and legally justified under the Opening Meetings Act. Disable persons who want to attend this meeting and who may need assistance should contact the City Secretary at 972-924-3325 two working days prior to the meeting so that appropriate arrangements can be made. 07-06-2017 Regular CDC Minutes.doc