HomeMy WebLinkAboutCDCpkt2018-07-124111
AGENDA
ANNA COMMUNITY DEVELOPMENT CORPORATION
July 12 2018 at 5:00 &M.
Anna City Hall, Council Chambers,
111 N. Powell Parkway, Anna, Texas 76409,
The Anna Community Development Corporation will conduct a meeting at 5:00 p.m' on
June 12, 2018, at Anna City Hall, Council Chambers, III 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. Update on new CDC Board Members.
5. Orientation/Presentation for new and existing CDC Board Members.
6. Consider/Discuss/Action regarding appointment of a Vice President.
7. Consider/Discuss/Action on a Work Plan for Economic Development.
8. Update on Traffic Counts.
9. CLOSED SESSION (exceptions):
a. Deliberate regarding the purchase, exchange, lease or value of real
property. (Tex. Gov't Code §551.0'72) possible property acquisition;
possible land sale/purchase;
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
I 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 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 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.
To deliberate the offer of a financial or other incentive to a business
prospect described by subdivision (1). (Tax. Gov't Code §651.087) Anna
Business Park Property.
10. Consider/Discuss/Action regarding Termination of Business Development Incentive
Grant for Capital Investment Performance Agreement.
11. Consider/Discuss/Action regarding minutes from June 7, 2018.
12. Finance Report — review only.
13. Adjourn.
This is to certify that 1, Ashley Stathatos, 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 92018.
Ashley Stathat07, Chief Adminisrrative 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 executive 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 04 Secretary at 972-924-3325 two working days prior to the
meeting so that appropriate arrangements Can be made.
Item No. 4
CDC Agenda
Staff Report
Meeting Date: 6/12/2018
Staff Contact: Jessica Perkins
Ashley Stathatos
COMMUNITY
DEVELOPMENT
CORPORATION
AGENDA ITEM:
CDC New Board Members
SUMMARY:
The City Council appointed three new board members to the CDC. They are Bruce
Norwood, Stan Carver and Shelby Miles.
STAFF RECOMMENDATION:
Welcome the new members to the CDC board.
ATTACHMENTS:
1. None
Item No. 5
CDC Agenda
Staff Report
Meeting Date: 6/12/2018
Staff Contact: Jessica Perkins
Ashley Stathatos
COMMUNITY
AGENDA ITEM:
CDC Orientation & Presentation
SUMMARY:
Staff will provide a brief presentation to serve as an orientation to the CDC board.
The presentation will encompass
-Open Meetings Act
-Public Information Act
-City Council Strategic Plan
-What Is Community & Economic Development
-Mission of CDC & EDC Board
-Sales Tax & Project Funding
-Community & Economic Development Toolbox
-Current Projects
-Upcoming Projects
STAFF RECOMMENDATION:
Provide input into topics presented in the CDC Orientation & Presentation
ATTACHMENTS:
1. None - PowerPoint notes will be provided at the meeting to follow along.
Item No. 6
CDC Agenda
Staff Report
Meeting Date: 6/12/2018
Staff Contact: Jessica Perkins
Ashley Stathatos
COMMUNITY
DEVELOPiMENT
CORPORATION
AGENDA ITEM:
New Vice President
SUMMARY:
A new Vice President needs to be chosen for the CDC. Current members of the Board
are as follows: Anthony Richardson (President), Doug Herman, James Gurski
(Secretary), Bruce Norwood, Stan Carver, Shelby Miles and Josh Vollmer.
STAFF RECOMMENDATION:
Nominate and appoint a new CDC Vice President.
ATTACHMENTS:
1. None
Item No. 7
CDC Agenda
Staff Report
Meeting Date: 6/12/2018
Staff Contact: Jessica Perkins
Ashley Stathatos
Cc MNIUNI
DEVELOKAENT
CORPORATION
AGENDA ITEM:
Economic Development Work Plan
SUMMARY:
At the next CDC Board Meeting, staff will take the CDC Board through a SWOT Analysis
(Strengths, Weaknesses, Opportunities, Threats) and other exercises to get the CDC
Board thinking about projects & programs they would like to see accomplished in the
upcoming fiscal year. Staff will work with the CDC Board to prioritize projects and
programs to put into a formal work plan to be presented at the September meeting.
STAFF RECOMMENDATION:
Provide input into the planning of the Economic Development Work Plan - Planning
Session.
ATTACHMENTS:
1. None
Item No. 8
CDC Agenda
Staff Report
Meeting Date: 6/12/2018
Staff Contact: Jessica Perkins
Ashley Stathatos
COMMUNITY
� EVI-7:1- INT
CORPORATION
AGENDA ITEM:
Updated Traffic Counts
SUMMARY:
Attached, please find the updated Traffic Counts from Gram Traffic and TXDOT. US 75
has the highest traffic counts in the city. South of FM 455 on US 75, the counts are
estimated at 81,141. The top 5 traffic counts in the city are as follows:
• FM 455 East of US 75 NBFR
16,117
• FM 455 West of Ferguson
14,622
• FM 455 East of Ferguson
13,752
• SH 5 South of Collin County Outer Loop
12,445
• FM 455 West of Ferguson
12,362
STAFF RECOMMENDATION:
Provide input on updated traffic counts.
ATTACHMENTS:
1. Traffic County Report
TRAFFIC COUNTS
(DUNE 2018)
Location N Bound S Bound Total
US 75 South of FM 455* 1 ---- -- 81,141
US 75 North of FM 455* j-------------------- 74,163
US 75 NBFR South of FM 455 (Frontage Roads)
US 75 SBFR North of FM 455 (Frontage Roads)
FM 455 East of US 75 NBFR (Frontage Roads)
FM 455 West of US 75 SBFR (Frontage Roads)
Ferguson North of FM 455
Ferguson South of FM 455
FM 455 East of Ferguson
FM 455 West of Ferguson
SH 5 North of FM 455
SH 5 South of FM 455
FM 455 East of SH 5
FM 455 West of SH 5
SH 5 North of Collin County Outer Loop
SH 5 South of Collin County Outer Loop
Collin County Outer Loop East of SH 5
Collin County Outer Loop West of SH 5
----------
----------
8,273
-------
___---_---
3,915
----------
----------
16,117
----------
_--------
3,194
973
1,117
2,090
1,706
1,209
2,969
7,095
6,657
13,752
7,238
7,384
14,622
5,408
5,364
10,754
5,394
5,752
11,146
2,677
2,683
5,360
6,214
6,148
12,362
5,156
5,429
10,585
6,265
6,180
12,445
2,273
2,099
4,375
1,011
1,206
2,217
SOURCE: GRAM TRAFFIC & TEXAS DEPARTMENT OF TRANSPORTATION ("TXDOT")
*TRAFFIC COUNTS FROM TXDOT 2016
Item No. 10
CDC Agenda
Staff Report
Meeting Date: 6/12/2018
Staff Contact: Jessica Perkins
Ashley Stathatos
COMMUNITY
DEVELOPMENT
POR TION
RC �P111""
Termination Agreement
SUMMARY:
At the CDC & EDC Boards' directions, the City Attorney sent a letter to John E Sargent
with McAffee & Taft, PC, to terminate their Incentive Grant and Sales Contract, their
proposed economic development project and the conveyance of property in Anna
Business Park. The termination agreement relieves all parties of their obligations under
the original agreement and provides a release from potential claims.
Background: Kirby — Smith Machinery, Inc. and the CDC & EDC entered into an
agreement for the city to provide 7.012 acres in Anna Business Park in return for a
capital investment of $8 Million and the creation of a minimum of 10 new jobs. The CDC
also agreed to assist with a water line to the property and utility easements. The
company was supposed to reimburse the city for design & construction of the water line
and requisite fire hydrants and valves, provide a 44-foot wide street with a 60-foot wide
divided entry and extend a sanitary sewer line to the property. Kirby -Smith Machinery
has not made progress on their obligations and communications have been
intermittent. Therefore, it is in the best interest of the city and CDC/EDC to approve the
termination agreement so the property can be freed up for another user.
STAFF RECOMMENDATION:
Approve and execute the termination agreement.
ATTACHMENTS:
1. Termination Letter
2. Termination Agreement
City of Anna
71912018 10.43am
Statement of Revenue and Expenditures
Revised Budget
For Community Development Corporation (825)
For the Fiscal Period 2018-10 Ending July 31, 2018
Page 2
Previous YTD
Previous YTD
Annual
YTDI
Remaining
Account Number
TBudget
Actual
Budget
Actual
Budget Amount
89-825-6735
Promotion Expense
34,800.00 22,500.00
57,000.00
42,697.69
$ 14,302.31
89-825-6753
Legal Expense
11,000.00 10,293.69
15,000.00
6,329.85
$ 8,670.15
89-825-6755
Audit Expense
3,000.00 1,290.00
3,000.00
2,240.00
$ 760.00
89-825-6756
Engineering
4,000.00 3,496.60
15,000.00
1,326.18
$ 13,673.82
89-825-6761
Dues, Publications, Permits & License 3,500.00 3,488.00
1,350.00
525.00
$ 825.00
89-825-6783
Telephones - Pagers
0.00 0.00
0.00
0.00
$ 0.00
89-825-6789
Debt -Service Principal
83,000.00 83,000.00
204,000.00
204,000.00
$ 0.00
89-825-6790
Interest Expense
98,700.00 98,696.63
121,867.00
61,993.15
$ 59,873.85
89-825-6795
Bond Fees
0.00
750.00
$ 0.00
89-825-6799
Other Services - Misc.
90,000.00 90,000.00
92,000.00
69,000.00
$ 23,000.00
Total Services Expenditures
346,200.00 317,083.92
722,317.00
478,243.01
244,073.99
Capital Expenditures Expenditures
89-825-6911 Machinery & Equipment
0.00
0.00
0.00
0.00
$ 0.00
89-825-6912 Bond Cost
135,000.00
134,486.93
0.00
0.00
$ 0.00
89-825-6921 Buildings & Improvements
0.00
0.00
0.00
0.00
$ 0.00
89-825-6931 Land & Improvements
0.00
0.00
0.00
0.00
$ 0.00
89-825-6941 Other Capital Expenditures
2,823,136.00
2,757,904.00
0.00
0.00
$ 0.00
Total Capital Expenditures Expenditures
2,958,136.00
2,892,390.93
0.00
0.00
0.00
Other Uses of Funds Expenditures
89-825-8900 Other Financing Use - Debt Refunding
0.00
0.00
0.00
0.00
$ 0.00
89-825-9812 Transfers Out - General Fund
0.00
0,00
0.00
0.00
$ 0.00
Total Other Uses of Funds Expenditures
0.00
0.00
0.00
0.00
0.00
Total Community Development Corporation Expen
3,304,886.00
3,209,734.29
802,372.00
504,982.45
297,389.55
Total Community Development Corporation Expendit $
3,304,886.00 $
3,209,734.29 $
802,372.00 $
504,982.45
$ 297,389.55
Community Development Corporation Excess of Reven $ (302,386.00) $ (258,520.01) $ 22,043.00 $ 9,568.90 $ 12,474.10
City of Anna
7/9/2018 10:43am Statement of Revenue and Expenditures Page 3
Revised Budget
For the Fiscal Period 2018-10 Ending July 31, 2018
fPrevious YTD Previous YTD Annual YTDI Remaining
Account Number Bet Actual Budget Actual]
udgBudget Amount
Total Revenues $ 3,002,500.00 $ 2,951,214.28 $ 824,415.00 $ 514,551.35 $ 12,474.10
Total Expenditures $ 3,304,886.00 $ 3,209,734.29 $ 802,372.00 $ 504,982.45 $ 0.37
Total Excess of Revenues Over Expenditures $ (302,386.00) $ (258,520.01) $ 22,043.00 $ 9,568.90 $ 12,474.10
City of Anna
7/9/2018 10:43am Statement of Revenue and Expenditures Page 1
Revised Budget
For Community Development Corporation (825)
For the Fiscal Period 2018-10 Ending July 31, 2018
Previous YTD Previous VTD Annual YTD Remaining
Account Number
Budget
tuall
Budget
Actual
Budget Amount
Revenues
Community Development Corporation Revenues
Revenues Revenues
89-825-5225 Sales Tax Revenue - General
$ 425,000.00
$ 374,837.23
$ 822,615.00
$ 512,500.59
$ 310,114.41
89-825-5329 Donations
0.00
0.00
0.00
97.03
$ 0.00
89-825-5499 Miscellaneous Revenue
0.00
0.00
0.00
0.00
$ 0.00
89-825-5500 Grant Revenue
0.00
0.00
0.00
0.00
$ 0.00
89-825-5530 Interest Revenue
2,500.00
1,377.05
1,800.00
1,953.73
$ (153.73)
Total Revenues Revenues
427,500.00
376,214.28
824,415.00
514,551.35
309,863.65
Other Source of Funds Revenues
89-825-5806 Transfers in - EDC
725,000.00
725,000.00
0.00
0.00
$ 0.00
89-825-5840 Bond Proceeds
1,850,000.00
1,850,000.00
0.00
0.00
$ 0.00
89-825-5999 Revolving Loan Revenue
0.00
0.00
0.00
0.00
$ 0.00
Total Other Source of Funds Revenues
2,575,000.00
2,575,000.00
0.00
0.00
0.00
Total Community Development Corporation Raven
3,002,500.00
2,951,214.28
824,415.00
514,551.35
309,863.65
Total Community Development Corporation Revenues
$ 3,002,500.00
$ 2,951,214.28
$ 824,415.00
$ 514,551.35
$ 309,863.65
Expenditures
Community Development Corporation Expenditur
Payroll Expenditures
89-825-6101
Salaries
89-825-6114
Payroll Taxes -City Part FICA
89-825-6121
Health Insurance
89-825-6125
TMRS Retirement
89-825-6126
Unemployment
89-825-6127
Worker's Compensation
89-825-6129
Miscellaneous Payroll
Total Payroll
Expenditures
Supplies Expenditures
89-825-6208
Office Supplies
89-825-6209
Other Supplies - Misc.
89-825-6210
Clothing Supplies
89-825-6212
Postage
Total Supplies Expenditures
Services Expenditures
89-825-6700
Economic Development Grant Expens
89-825-6703
Contract Services
89-825-6711
Travel Expense
89-825-6721
Education & Training
89-825-6722
Insurance - Property & Liability
69-825-6731
Public Notices - Advertising
$ $
$
55,608.00 $
20,760.40
$ 34,847.60
4,262.00
1,588.14
$ 2,673.86
8,712.00
1,459.36
$ 7,252.64
8,133.00
1,961.25
$ 6,171.75
200.00
65.94
$ 134.06
140.00
122.72
$ 17.28
100.00
0.00
$ 100.00
77,155.00
25,957.81
51,197.19
225.00
21.58
500.00
393.21
$ 106.79
250.00
166.92
1,800.00
388.42
$ 1,411.58
0.00
0.00
500.00
0.00
$ 500.00
75.00
70.94
100.00
0.00
$ 100.00
550.00
269.44
2,900.00
781.63
2,118.37
0.00
0.00
111,000.00
0.00
$ 111,000.00
17,500.00
4,319.00
89,400.00
77,741.06
$ 11,658.94
250.00
0.00
5,800.00
5,030.08
$ 769.92
250.00
0.00
3,100.00
3,110.00
$ (10.00)
3,500.00
3,500.00
$ 0.00
200.00
0.00
300.00
0.00
$ 300.00