Loading...
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