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Home My WebLink AboutCDCpkt2018-08-23AGENDA ANNA COMMUNITY DEVELOPMENT CORPORATION £A Au _gust 201$at '40 p.m. 1 .. cs Anna City Hall, Council Chambers, '11 N. Powell Parkway, Anna, Texas 76409, The Anna Community Development Corporation will conduct a meeting at 5,00 D.m.1 on August 23, 2018. at Anna City Mali, Council Chambers, '111 N. Powell Parkway, to consider the following items.- 1 - Call to Order. Roll Call and Establishment of Quorum. 2. Invocation and Pledge. 3. Citizen Comments. 4. Consider/Discuss/Action on a resolution authorizing a budget amendment for the Fiscal Year 2017-2018 Budget. 5. Consider/Discuss/Review of Fiscal Year 2018-2019 Budget. 6. s • D+, of a 5-Year Workplanfor •Economic Development. 7. Adjourn. This is to certify that 1, Ashley 5t thatos, 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 August 20, 2018. •.ief Admi tive Office 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 of the Anna Community Development Corporation may be delayed but will begin immediately after the conclusion of the meeting of the Anna Economic Development Corporation. IMPORTANT LEGAL NOTIVE, Ttle Qvipardtiva may V9te, 61ftdl9r i1a Up9n cosh of the items listed in dais a enda, The Corporation reserves the right to retire into executive session concerning any of the items listed on this agenda, whenever it is considered necessary and legally justified under the Otlan M"frogs Ad, Disabled persons who want to attend this meeting and who may creed assistance should contact the City Secretary at 9TZ-924-3325 two working days prior to the meeting so that appropriate arrangements Can be made. COMMUNITY DEVELORMIENT CORPORATiON AGENDA ITEM: Budget Amendment SUMMARY: Item No. 4 CDC Agenda Staff Report Meeting Date: 6/23/2018 Staff Contact: Jessica Perkins Ashley Stathatos Two line items in the FY 2017-2018 Budget need amending. The economic development grant expense was budgeted at $111,000, and it came in at $203,847. This is for the sales tax reimbursement to Chief Partners. Wal-Mart made more sales tax than estimated. This is good news as their grant will be paid off earlier than anticipated. The other line item that needs to be amended is interest expense. The interest expense was budgeted at $121,867, and it ended up being $122,564. This is only a slight difference than anticipated. However, next year the debt service is expected to go down for both the Business Park and Slayter Creek Park. Additionally, sales tax revenue came in higher than anticipated so they increases in these two line items will not cause the CDC's fiscal expenditures to exceed the revenue collected. STAFF RECOMMENDATION: Approve the Resolution to Amend the FY 2017-2018 Budget. ATTACHMENTS: Resolution & Amended Budget ANNA COMMUNITY DEVELOPMENT CORPORATION RESOLUTION NO. A RESOLUTION OF THE ANNA COMMUNITY DEVELOPMENT CORPORATION REGARDING THE APPROVAL OF AND AUTHORITY TO AMEND THE FY 2017-2018 FISCAL YEAR BUDGET WHEREAS, effective October 1, 2017, the Anna Community Development Corporation (the "CDC") with the approval of the City of Anna City Council executed its current fiscal year budget, and WHEREAS, the CDC seeks to make a line item amendment to its budget due to additional funds needed in the economic development grant expense line item and interest expense line item. 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 Amendment to the Current Fiscal Year Budget The CDC Board of Directors hereby approves amending the Anna Community Development Corporation current fiscal year budget as set forth in Exhibit A, amended budget, attached hereto and incorporated herein for all purposes as if set forth in full. PASSED AND APPROVED by the Anna Community Development Corporation this 23rd day of August, 2017. AIQ Anthony Richardson CDC President ATTEST: James Gurski CDC Secretary CDC OF ANNA, TEXAS RESOLUTION NO. PAGE 1 OF 1 EXHIBIT "A° i CITY OF ANNA COMMUNITY DEVELOPMENT CORPORATION FY 2017-2018 AMENDED BUDGET 2018 2018 LINE ITEMS AMENDED BUDGET 2.23.2018 6101 5ALARiES $55,608 $35 500 $35,500 AMOUNT PROVIDED BY mPERSONNEL $0 6114 PAYROLL TAXES -CITY PART FICA $4,262 $2,800 $2,800 AMOUNT PROVIDED BY mPERSONNEL $0 6121 HEALTH INSURANCE $8,712 $4,500 $4,500 AMOUNT PROVIDED BY mPERSONNEL $0 6125 TMRS RETIREMENT $8,133 $3,300 $3,300 AMOUNT PROVIDED BY mPERSONNEL $0 6126 UNEMPLOYMENT $200 $200 $200 AMOUNT PROVIDED BY mPERSONNEL $0 6127 WORKERS COMPENSATION $140 $122 $122 AMOUNT PROVIDED BY mPERSONNEL $0 6129 MISCELLANEOUS PAYROLL $100 $0 AMOUNT PROVIDED BY mPERSONNEL $0 PAYROLL $77,155 $46,422 6208 OFFICE SUPPLIES $500 $500 basic needs $500 6209 OTHER SUPPLIES - MISC. $1,800 $1,000 meals, meetings supplies, or other $1;000 administrative items 6210 CLOTHING SUPPLIES $500 $500 new logo, new council members, new board $500 members etc. 6212 POSTAGE $100 $100 mailing bills, etc.. $100 SUPPLIES $2,900 $2,100 6303 MAINT. AND REPAIR - BUILDINGS $0 $0 MAINTENANCE $0 $0 6700 ECONOMIC DEVELOPMENT GRANT EXPENSE $111,000 $203,847 Based on YTD confidential reports $92,847 Sales Tax Reimbursement Agreement with Chief $111,000 Partners for Phase I of retail development 6703 CONTRACT SERVICES $89,400 $81,700 $3,900 CoStarLoop Net to replace Xcelligent CDC agreement with City Finance and $4,000 Accounting Services CDC Cost Share of IT and McLain Budgeting $800 Software Contract Services for First Southwest to file the Continuing Disclosure for the CDC Bonds Contract Services/Marketing/Retail Assistance (budget amendment) Retail Assistance Professional Services- D. Funderburgh(2018) budget amendment moved this to other professional services (2017) 6711 TRAVEL EXPENSE ICSC Dallas - 2 people ICSC Las Vegas - 2 people I EDC -Training and Professional Development NTCAR - booth/event TEDC- annual training, conference Travel expenses for CAO or Board Members - Mis€. extra person, car rental, other trainings 6721 EDUCATION AND TRAINING Conference Registration - ICSC, TEDC 250 TEDC pp 640 ICSC pp 4001CSC dallas pp Training -TEDC, JEDC, board member training, other 6722 INSURANCE - PROPERTY AND LIABILITY Insurance for the Business park Property 6731 PUBLIC NOTICES - ADVERTISING publish notices, 6735 PROMOTION EXPENSE GACC Banquet' GACC Christmas GACC Glowfest GACC July 4th Golf Tournament Promotional Materials- Print Ads, other sponsorship opportunities, magazines, displays, billboards; etc. 6753 LEGAL EXPENSE Legal services 6755 AUDIT EXPENSE CPA services - audit, 990,1099s 6756 ENGINEERING Engineering 6761 DUES, PUBLICATIONS, PERMITS AND LICENSES Professional Dues - ICSC 50 pp (5) 250 TEDC -$550 (2) 1100 NTCAR - 200 NAIOP-550 Permits - 1000 6782 CITY UTILITIES WATER/SEWER/TRASH 6783 TELECOM 6789 DEBT -SERVICE PRINCIPAL 2016 Debt service on business park $5,800 $3,100 $3,500 $300 $57,000 $1,500 $5,000 $66,500 $5,250 $0 $650 $2,200 $0 $0 $1,000 $1,400 $3,080 $0 $2,580 $500 $3,500 $3,500 $100 $100 $47,000 $5,000 $3,000 $16,000 $15,000 $3,000 $5,000 $15,000 $15,000 $15,000 $3,000 $2,240 $2,240 $15,000 $15,000 $15,000 $1,350 $1,350 $1,350 $0 $0 $0 $0 5204,000 5204,000 $115,000 Bond Debit Series B - Slayter Creek Park Phase it $2Q,000 Bond Debt Series A - Refinance of TLF Loan $69,000 6790 INTEREST EXPENSE $121,867 $122,564 Bond Debit Series A Refinance of TLF loan $697 2016 Debt service on business park $69,360 Series 2012 B 1.6 Million Note for Slayter Creek $52,507 Park 6799 OTHER SERVICES - MISC. $92,000 $92,000 Change Description to read for Parks $0 Maintenance Cost Allocation pay portion of the personnel $62,000 cost for the Park Superintendent Salary park maintenance $30,000 Parks Maintenance $0 SERVICES $722,317 $796,631 6912 BOND COST $0 $0 6921 BUILDINGS AND IMPROVEMENTS $0 $0 6941 OTHER CAPITAL EXPENDITURES $0 $0 CAPITAL EXPENDITURES $0 $0 8900 OTHER FINANCING USE - DEBT REFUNDINGS $0 $0 9812 TRANSFERS OUT - GENERAL FUND $0 $0 OTHER USES OF FUNDS $0 $0 TOTAL825 $802,372 $845,153 COMMUNITY EVELOR,AENT CORPORATION AGENDA ITEM: FY 2018-2019 Budget Item No. 5 CDC Agenda Staff Report Meeting Date: 8/20/2018 Staff Contact: Jessica Perkins Ashley Stathatos SUMMARY: The proposed budget is attached. Below is a synopsis of the budget as submitted. Revenue Sales Tax $898,227 Interest $2,474 Total $900,701 Expenditures Payroll $89,744 — Salary and Benefits for Chief Administrative Officer Supplies $2,400 — Office & Other Supplies Services $808,133 — Services related to the following: $210,870 Grant Sales Tax Reimbursement Chief Partners $210,000 Debt Service, Business Park, Slayter Creek Park, Refinance TLF Loan $116,883 Interest, Business Park, Slayter Creek Park, Refinance TLF Loan $94,000 Other Services, Portion of Parks Personnel, Parks Maintenance $86,400 Contract Services, D. Funderburgh, Marketing, Retail Assistance, Zoom Prospector, Accounting, Budgeting Software $S2,000 Promotion Expense, Chamber Community Events $15,000 Legal Expense, Attorney $7,500 Travel Expense, ICSC Dallas, Las Vegas, NTCAR, IEDC, TEDC Staff & Board $3,580 Education & Training ICSC Dallas, Las Vegas, IEDC, TEDC Staff & Board $3,500 Insurance, Business Park $3,350 Professional Dues & Permits, ICSC, NTCAR, NAIOP, TEDC $2,500 Engineering, Engineering Services As Needed Basis $2,300 Audit, External Audit $250 Public Notices, Related to Incentives Total $900,277 STAFF RECOMMENDATION: Discuss and consider FY 2018-2019 Budget. ATTACHMENTS: 1. Budget Presentation to Council from Budget Office 2. Proposed Budget CITY OF ANNA FUND DEPARTMENT DIVISION 89 COMMUNITY DEVELOPMENT CDC 89-825R 825 DETAILS LINE ITEMS 2017 2018 2018 2019 ACTUAL BUDGET ESTIMATED PROPOSED v fo CHANGE S22S SA] FS TAX RF\/FAl11F - CF(\IFRAI 6c�n _ ._ _ - - ---- ------------ �__•--•�•� .11 ,vJ/ J6LL,01J 1?555,454 $898,22/ 9.19% Projected sales tax for the remainder of the $855,454 $898,227 fiscal year based on trend of 10% above for FY2017.-FY2018 based on an increase of 5% above estimated FY2018 5500 GRANT REVENUE $0 $0 $0 $0 0.00% 5530 INTEREST REVENUE $1,676 $1,800 $2,357 $2,474 37.44% Interest based on YTD plus an average of $175 $2,357 $2,474 per month for April - September and an increase of 5%for FY 2019. REVENUES $143,071 $824,415 $857,811 $900,701 9.25% 5840 BOND PROCEEDS $1,850,000 $0 $0 $0 0.00% OTHER SOURCE OF FUNDS $0 $0 $0 $0 0.00% 5999 REVOLVING LOAN REVENUE $0 $0 $0 $0 0.007 OTHER SOURCES OF FUNDS $0 $0 $0 $0 0.00% TOTAL 825 $2,525,713 $824,415 $857,811 $900,701 9.25% CITY OF ANNA FUND DEPARTMENT DIVISION 89 COMMUNITY DEVELOPMENT CDC 89-825E 825 DETAILS LINE ITEMS 2Q17 201$ 2018LPR 2019 ACTUAL BUDGET ESTIMATED 2 ED u /CHANGE 6101 SAIARIFS F., ..�� ..,. �-_ ___ -''.] -- au a55,oua jd5,5UU $65,407 17.62% $35,500 $0 AMOUNT PROVIDED BY mPERSONNEL $0 $65,407 6114 PAYROLL TAXES -CITY PART FICA $0 $4,262 $2,800 $5,011 17.58% $2,800 $0 AMOUNT PROVIDED BY mPERSONNEL $0 $5,011 6121 HEALTH INSURANCE $0 $8,712 $4,500 $9,322 7.00% $4,500 $0 AMOUNT PROVIDED BY mPERSONNEL $0 $9 322 6125 TMRS RETIREMENT $0 $8,133 $3,300 $9,420 15.82% $3,300 $0 AMOUNT PROVIDED BY mPERSONNEL $0 $9,420 6126 UNEMPLOYMENT $0 $200 $200 $250 25.00% $200 $0 AMOUNT PROVIDED BY mPERSONNEL $0 $250 6127 WORKERS COMPENSATION $0 $140 $122 $233 66.76% $122 $0 AMOUNT PROVIDED BY mPERSONNEL $0 $233 6129 MISCELLANEOUS PAYROLL $0 $100 $0 $100 0.00% AMOUNT PROVIDED BY mPERSONNEL $0 $100 PAYROLL $123 $77,155 $46,422 $89,744 16.32% 6208 OFFICE SUPPLIES $22 $500 $500 $500 0.00% basic needs $500 $500 6209 OTHER SUPPLIES - MISC. $167 $1,800 $1,000 $1,800 0.00% meals, meetings supplies, or other $1,000 $1,800 administrative items 6210 CLOTHING SUPPLIES $0 $500 $500 $0 -100.00% new logo, new council members, new board $500 $D members etc. 6212 POSTAGE $71 $100 $100 $100 0.00% mailing bills, etc.. $100 $100 SUPPLIES $110 $2,900 $2,100 $2,400 -17.24% 6303 MAINT. AND REPAIR - BUILDINGS $0 $0 $0 $0 0.00% MAINTENANCE $0 $0 $0 $0 0.00% b/UU LCUNOMIC DEVELOPMENT GRANT EXPENSE Based on YTD confidential reports Sales Tax Reimbursement Agreement with Chief Partners for Phase I of retail development 6703 CONTRACT SERVICES CoStarLoop Net to replace Xceliigent CDC agreement with City Finance and Accounting Services CDC Cost Share of IT and McLain Budgeting Software Contract Services for First Southwest to file the Continuing Disclosure for the CDC Bonds $0 $111,000 $203,847 $92,847 $111,000 $6,138 $89,400 $81,700 $3,900 $4,000 $800 $1,500 $210,870 89.97% $44,370 $166,500 $86,400 -3.36% $3,600 $4,000 $800 $1,500 Contract Services/Marketing/Retail Assistance (budget amendment) Retail Assistance Professional Services = D. Funderburgh (2018) budget amendment moved this to other professional services (2017) 6711 TRAVEL EXPENSE ICSC Dallas - 2 people ICSC Las Vegas - 2 people IEDC- Training and Professional Development NTCAR - booth/event TEDC- annual training, conference Travel expenses for CAO or Board Members - Misc. extra person, car rental, other trainings 6721 EDUCATION AND TRAINING Conference Registration - ICSC, TEDC 250 TEDC pp 6401CSC pp 400 ICSC dallas pp Training - TEDC, IEDC, board member training, other 6722 INSURANCE - PROPERTY AND LIABILITY Insurance for the Business park Property 6731 PUBLIC NOTICES - ADVERTISING publish notices, 6735 PROMOTION EXPENSE GACC Banquet GACC Christmas GACC Glowfest GACC July 4th Golf Tournament Promotional Materials - Print Ads, other sponsorship opportunities, magazines, displays, billboards, etc. 6753 LEGAL EXPENSE Legal services 6755 AUDIT EXPENSE CPA services - audit, 990, 1099s 6756 ENGINEERING Engineering 6761 DUES, PUBLICATIONS, PERMITS AND LICENSES Professional Dues ICSC - 50 pp (5) 250 TEDC - $550 (2) 1100 NTCAR-200 NAIOP-550 Permits 1000 6782 CITY UTILITIES WATER/SEWER/TRASH 6783 TELECOM 6789 DEBT -SERVICE PRINCIPAL 2016 Debt service on business park Bond Debit Series B - Slayter Creek Park Phase 11 Bond Debt Series A - Refinance of TLF Loan $0 $5,800 $0 $3,100 $0 $45 $24,500 $11,959 $1,290 $3,497 $3,488 $0 $0 $83,000 $3,500 $300 $57,000 $15,000 $3,000 $15,000 $1,350 $0 $0 $204,000 $5,000 $66,500 $5,250 $0 $650 $2,200 $0 $0 $1,000 $1,400 $3,080 $0 $2,580 $500 $3,500 $3,500 $100 $100 $47,000 $5,000 $3,000 $16,000 $15,000 $3,000 $5,000 $15,000 $15,000 $2,240 $2,240 $15,000 $15,000 $1,350 $1,350 $0 $0 $204,000 $115,000 $20,000 $69,000 $10,000 $66,500 $7,500 $0 $700 $2,200 $1,100 $900 $1,100 $1,500 $3,580 $0 $2,580 $1,000 $3,500 $3,500 $250 $250 $52,000 $5,000 $3,000 $16,000 $15,000 $3,000 $10,000 $15,000 $15,000 $2,300 $2,300 $2,500 $2,500 $3,350 $3,350 $0 $0 $210,000 $120,000 $90,000 $0 29.31% 15.48% 0.00% -16.67% -8.77% 0.00% -23.33% -83.33% 148.15% 0.00% 0.00% 2.94% 6790 INTEREST EXPENSE $98,697 $121,867 $122,564 $116,883 -4.09% Bond Debit Series A Refinance ofTLF loan $697 $0 2016 Debt service on business park $69,360 $66,888 Series 2012 B 1.6 Million Note for Slayter Creek $52,507 $49,995 Park 6799 OTHER SERVICES - MISC. $90,000 $92,000 $92,000 $94,000 2.17% Change Description to read for Parks $0 ($64,000) Maintenance Cost Allocation pay a portion of the personnel $62,000 $64,000 cost forthe Park Superintendent Salary park maintenance $30,000 $30,000 Parks Maintenance $0 $64,000 SERVICES $299,361 $722,317 $796,631 $808,133 11.88% 6912 BOND COST $134,487 $0 $0 $0 0.007 6921 BUILDINGS AND IMPROVEMENTS $0 $0 $0 $0 0.00% 6941OTHER CAPITAL EXPENDITURES $2,757,904 $0 $0 $0 0.00% CAPITAL EXPENDITURES $0 $0 $0 $0 0.00% 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 $3,215,263 $802,372 $845,153 $900,277 12.20% 13 O � O U � o � Q G1 � U 0 c� c�3 cl� 4� U c� N V O Q o � ra. U o U \ N`4-4 v 00 O0 4-4 \,o � U • z Lim 0 0 0 0; 0 0 0 0 0 LLl W T o N V m N 00 O N = ai m o ci = o N U U 0 0 It:41om0n (14 I- V)- O d O m quo- N N d' N < rn th O 00 v O O m .(Y, mj I It I I� O r-I N O O m Lu (n Ln ih N o m tn• Ln � m 00 d� to q d Ln ni n d o N(.6 Ln Ln V)- Ln -zr tn- rn 1* �� 'N� tin- 00 W W Ln c o Ln 110 00 CI' c-I rn m M W N -i d' w f\ (N N00 00 00 N Co m t- to O m O 41 m r-I m M N O V-1 tn- Ln c-I C) O lD O I� f V to m d r-i p Ln d -tn C, fi r F=- 0000 Ln N 00 U % U h 00 d n w. d - W W W (n Z Z V) w LU > z uj w z W W ix ui of u CL w Q F � = J V) Ln W r2 ® p _, w W � W ^� U d W w W 0 �' W O d�1- W a~ o x Q: W a 4 W (n - m w a cn (n U COMMUNITY DEVELOPMENT T CORPORATION N AGENDA ITEM: Workshop for 5-Year Work Plan SUMMARY: Item No. 6 CDC Agenda Staff Report Meeting Date: 6/7/2018 Staff Contact: Jessica Perkins Ashley Stathatos Staff will conduct a workshop to begin the creation of a workplan for future community & economic development efforts. Various activities pertaining to business recruitment, expansion and retention efforts will be discussed. A focus will be placed on retail, restaurant and entertainment categories as well as types of office and industrial development. Particular attention will be given to the following Corridors: US 75, FM 455 and SH 5 as well as the "Four Corners" and Anna Business Park. A quick SWOT analysis, Strengths, Weaknesses, Opportunities and Threats, will be undertaken as well. Upon completion, the workplan will include short and long-term goals, objectives and strategies, responsible party for accomplishing each task and possible funding sources. STAFF RECOMMENDATION: Participate in workshop meeting ATTACHMENTS: None