HomeMy WebLinkAboutCDCpkt2018-09-06AGENDA
ANNA COMMUNITY DEVELOPMENT CORPORATION
September 6, 2018 at 5:00 p.m.'
COMMUNITY
DEVELOPMENT
CORPORATIO%, Anna City Hall, Council Chambers,
111 N. Powell Parkway, Anna, Texas 75409,
The Anna Community Development Corporation will conduct a meeting at 6:00 p.m.' on
September 6 2018, at Anna City Hall, 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 regarding passing a resolution approving the Fiscal Year
2018-2019 budget and authorizing publication of the adopted budget.
5. Consider/Discuss/Action regarding passing a resolution approving a project and
related incentive agreement for new economic development with Q Seminole Anna
Town Center L.P., the Anna Economic Development Corporation, and the City of
Anna.
6. Conduct a workshop to develop a workplan for the Community Development
Corporation.
7. CLOSED SESSION (exceptions):
a. Deliberate regarding the purchase, exchange, lease or value of real
property. (Tex. Gov't Code §551.072) 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
t 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.
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 Park Property.
8. Consider/Discuss/Action regarding changing the meeting time of CDC monthly
meetings.
9. Consider/Discuss/Action regarding minutes from July 12, 2018, August 2, 2018
and August 23, 2018.
10. Finance Report — review only.
11. Adjourn.
This is to certify that I, 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 August 31, 2018.
Ashley Stathatos, 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 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.
Item No. 4
CDC Agenda
Staff Report
Meeting Date: 9/6/2018
Staff Contact: Jessica Perkins
Ashley Stathatos
COMMUNITY
AGENDA ITEM:
Consider/Discuss/Action regarding approving the Fiscal Year 2018-2019 budget and authorizing
publication of the proposed budget.
SUMMARY:
The current fiscal year is coming to a close and the board needs to approve the FY 18-19 fiscal year
budget to continue operations. The proposed budget has been reviewed by council.
STAFF RECOMMENDATION:
Staff recommends you approve the resolution.
ATTACHMENTS:
FY 18-19 budget
ANNA COMMUNITY DEVELOPMENT CORPORATION
RESOLUTION NO.
A RESOLUTION OF THE ANNA COMMUNITY DEVELOPMENT CORPORATION
ADOPTING THE FY 2018-2019 FISCAL YEAR BUDGET AND AUTHORIZING
PUBLICATION OF NOTICE OF PROJECTS
WHEREAS, to be effective October 1, 2018, 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 2018-
19 fiscal year;
WHEREAS, the Board of Directors of the Anna Community Development Corporation
(the "Corporation"), created by the City of Anna, Texas (the "City"), in accordance with
Article 5190.6, V.A.T.C.S., Section 413, 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 the following projects:
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 $900,300
including but not limited to the speck projects or general types of projects set forth in
the Anna Community Development Corporation's 2018-19 fiscal year budget.
The Projects will be financed and/or paid from the proceeds of sales tax revenue and other
resources of the Corporation.
WHEREAS, such projects are authorized pursuant to Section 505.158, Texas Local
Government Code; 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:
Section 1. Recitals Incorporated
The recitals set forth above are incorporated herein for all purposes as if set forth in full.
CDC OF ANNA, TEXAS RESOLUTION NO PAGE 1 OF 2
Section 2. Adoption of Fiscal Year 2018-19 Budget
The CDC Board of Directors hereby approves adopting the Anna Community
Development Corporation 2018-2019 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 , 2018.
Anthony Richardson, CDC President
ATTEST:
James Gurski, CDC Secretary
CDC OF ANNA, TEXAS RESOLUTION NO PAGE 2 OF 2
CITY OF ANNA
FUND
DEPARTMENT
DIVISION
89 COMMUNITY DEVELOPMENT
CDC
825
CORPORATION
LINE ITEM DETAIL
ACTUAL
8UDGET
ESTIMATED
PROPOSED
LINE ITEMS- J-
201
2018
2018
1 2019
5225 SALES TAX REVENUE - GENERAL
$674,037 $822,615
$855,454
$898,227
5500 GRANT REVENUE
$0 $0
$0
$0
5530 INTEREST REVENUE
$1,676 $1,800
$2,357
$2,474
REVENUES TOTAL
$675,713 $824,415
$857,811
$900,701
5840 BOND PROCEEDS
$1,850,000 $0
$0
$0
OTHER SOURCE OF FUNDS TOTAL
$1,850,000 $0
$0
$0
5999 REVOLVING LOAN REVENUE
$0 $0
$0
$0
OTHER SOURCES OF FUNDS TOTAL
$0 $0
$0
$0
89-825R TOTAL
$2,525,713 $824,415
$857,811
$900,701
CITY 4f ANNA
FUND DEPARTMENT DIVISION
89 COMMUNITY DEVELOPMENT CDC 825
CORPORATION
LINE ITEM DETAIL
ACTUAL
BUDGET
ESTIMATED
PROPOSED
LINE ITEMS
T2017
2018
2018
2nlc)
6101 SALARIES
$0
$55,608
$35,500
$65,407
6114 PAYROLL TAXES -CITY PART FICA
$0
$4,262
$2,800
$5,011
6121 HEALTH INSURANCE
$0
$8,712
$4,500
$9,322
6125 TMRS RETIREMENT
$0
$8,133
$3,300
$9,420
6126 UNEMPLOYMENT
$0
$200
$200
$250
6127 WORKERS COMPENSATION
$0
$140
$122
$233
6129 MISCELLANEOUS PAYROLL
$0
$100
$0
$100
PAYROLL TOTAL
$0
$77,155
$46,422
$89,744
6208 OFFICE SUPPLIES
$22
$500
$500
$500
6209 OTHER SUPPLIES - MISC.
$167
$1,800
$1,000
$1,800
6210 CLOTHING SUPPLIES
$0
$500
$500
$0
6212 POSTAGE
$71 $100 $100 $100
SUPPLIES TOTAL
$259
$2,900 $2,100 $2,400
6303 MAINT. AND REPAIR - BUILDINGS
$0 $0 $0 $0
MAINTENANCE TOTAL
$0 $0 $0 $0
6700 ECONOMIC DEVELOPMENT GRANT EXPENSE
$0
$111,000
$203,847
$210,870
6703 CONTRACT SERVICES
$6,138
$89,400
$81,700
$86,400
6711 TRAVEL EXPENSE
$0
$5,800
$5,250
$7,500
6721 EDUCATION AND TRAINING
$0
$3,100
$3,080
$3,580
6722 INSURANCE - PROPERTY AND LIABILITY
$0
$3,500
$3,500
$3,50o
6731 PUBLIC NOTICES - ADVERTISING
$45
$300
$100
$250
6735 PROMOTION EXPENSE
$24,500
$57,000
$47,000
$52,000
6753 LEGAL EXPENSE
$11,959
$15,000
$15,000
$15,000
6755 AUDIT EXPENSE
$1,290
$3,000
$2,240
$2,300
6756 ENGINEERING
$3,497
$15,000
$15,000
$2,500
6761 DUES, PUBLICATIONS, PERMITS AND
$3,488
$1,350
$1,350
$3,350
LICENSES
6782 CITY UTILITIES WATER/SEWER/TRASH
$0
$0
$0
$0
6783 TELECOM
$0
$0
$0
$o
6789 DEBT -SERVICE PRINCIPAL
$83,000
$204,000
$204,000
$210,000
6790 INTEREST EXPENSE
$98,697
$121,867
$122,564
$116,883
6799 OTHER SERVICES - MISC.
$90,000
$92,000
$92,000
$74,000
SERVICES TOTAL
$322,613
$722,317
$796,631
$788,133
6912 BOND COST
$134,487
$0
$0
$0
6921 BUILDINGS AND IMPROVEMENTS
$0
$0
$0
$0
6941 OTHER CAPITAL EXPENDITURES
$2,757,904
$0
$0
$0
CAPITAL EXPENDITURES TOTAL
$2,892,391
$0
$o
$0
8900 OTHER FINANCING USE - DEBT REFUNDINGS
$0
$0
$0
$0
9812 TRANSFERS OUT- GENERAL FUND $0 $0 $0 $0
OTHER USES OF FUNDS TOTAL $0 50
89-82SE TOTAL $3,215,263 $802,372 $845,153 $880,277
Item No. 5
CDC Agenda
Staff Report
Meeting Date: 9/6/2018
Staff Contact: Jessica Perkins
Ashley Stathatos
COMMUNITY
DEVELORMENT
CORPORAT ION
AGENDA ITEM:
Consider/Discuss/Action regarding passing a resolution approving a project and related incentive
agreement for new economic development with Q Seminole Anna Town Center L.P., the Anna Economic
Development Corporation, and the City of Anna.
SUMMARY:
Staff has been working with the owners (Q Seminole a.k.a Chief Partners) at the NE corner of FM 455
and Hwy. 75 to encourage additional development projects and job creation opportunities. Staff is
ready to propose an incentive agreement that would allow the owner to be reimbursed for public
infrastructure improvements with proceeds from sales tax revenue generate by the new
development/retail projects. The proceeds would strictly come from the CDC's portion of sales tax
revenue. The reimbursement would be directly tied to the actual cost of the public infrastructure
improvements. The owners would also only have 20 years to be paid back. This type of
reimbursement incentive agreement encourages the owner to take action because without
development on the property, no sales tax is generate for them to receive their reimbursement.
STAFF RECOMMENDATION:
Staff recommends you approve the resolution.
ATTACHMENTS:
Proposed incentive agreement with Q Seminole/CP
ANNA COMMUNITY DEVELOPMENT CORPORATION
RESOLUTION NO.
A RESOLUTION OF THE ANNA COMMUNITY DEVELOPMENT CORPORATION
APPROVING A PROJECT AND RELATED INCENTIVE AGREEMENT FOR NEW
ECONOMIC DEVELOPMENT WITH Q SEMINOLE ANNA TOWN CENTER, L.P. AND
THE CITY OF ANNA AND AUTHORIZING THE DISBURSEMENT OF FUNDS UNDER
SAID AGREEMENT
WHEREAS, the Anna Community Development Corporation (the "CDC") desires to
disburse funds in support of an Community development project that will create and retain
new jobs, and that will result in new capital investment within the corporate limits of the
City of Anna, Texas ("City"); and
WHEREAS, the CDC has received a project proposal from Q Seminole Anna Town
Center, L.P. who has represented that it will create and retain a significant number of new
jobs and that will result in new capital investment, all within the corporate limits of the City;
and
WHEREAS, the CDC has determined that it would be beneficial to the CDC and to the
City for the CDC to disburse funds for certain costs of the Project provided that the
promised jobs and capital investment are completed according to the terms of the
Agreement, as more specifically set forth in the Agreement; and
WHEREAS, the CDC has found that the Project will promote new or expanded business
development and that the expenditures of Community development funds under the
Agreement are required or suitable for infrastructure and site improvements necessary to
promote or develop new or expanded business enterprises;
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. Approval of Project and Agreement
The CDC hereby approves the Incentive Agreement for New Community Development
with Q Seminole Anna Town Center, L.P., the Anna Community Development
Corporation, and the City of Anna ("Agreement") attached hereto as EXHIBIT A,
incorporated herein for all purposes, and authorizes the CDC President to execute same
on its behalf, subject to approval as to form by legal counsel for the CDC and final content
by the CDC Chief Administrative Officer, said Agreement to be effective upon approval
by the City of Anna City Council and as set forth in said Agreement.
ANNA CDC RESOLUTION NO. PAGE 1 OF 2
Section 3. Approval of Funding
The CDC hereby authorizes the Chief Administrative Officer to disburse funds as a
reimbursement in accordance with the Agreement.
PASSED AND APPROVED by the Anna Community Development Corporation on this
day of 2018.
ATTEST:
Anthony Richardson, CDC President
0.7a
James Gurski, CDC Secretary
ANNA CDC RESOLUTION NO. PAGE 2 OF 2
Item No. 6
CDC Agenda
Staff Report
Meeting Date: 9/6/2018
Staff Contact: Jessica Perkins
Ashley Stathatos
DEVELOPMENT
CORPORAMON
AGENDA ITEM:
Consider/Discuss/Action on a date to conduct a workshop to develop a workplan for the Community
Development Corporation.
SUMMARY:
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 the workshop
ATTACHMENTS:
None
Item No. 7
CDC Agenda
Staff Report
Meeting Date: 9/6/2018
Staff Contact: Jessica Perkins
Ashley Stathatos
COMMUNITY
AGENDA ITEM:
CLOSED SESSION (exceptions):
a. Deliberate regarding the purchase, exchange, lease or value of real property. (Tex. Gov't Code
§551.072) 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
(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 Park Property.
SUMMARY:
N/a
STAFF RECOMMENDATION:
N/a
ATTACHMENTS:
none
Item No. 8
CDC Agenda
Staff Report
Meeting Date: 9/6/2018
Staff Contact: Jessica Perkins
Ashley Stathatos
COMMUNITY
D EVELOP,/,, ENT
CORPORATiON
AGENDA ITEM:
Consider/Discuss/Action regarding changing the meeting time of CDC monthly meetings.
SUMMARY:
Review and take action.
STAFF RECOMMENDATION:
Change the meeting time.
ATTACHMENTS:
none
Item No. 9
CDC Agenda
Staff Report
Meeting Date: 9/6/2018
Staff Contact: Jessica Perkins
Ashley Stathatos
COMMUNITY
DEVELOPMIENT
CO OiceATi N
AGENDA ITEM:
Consider/Discuss/Action regarding minutes from July 12, 2018 and August 2, 2018.
SUMMARY:
Review and take action on minutes.
STAFF RECOMMENDATION:
Approve the minutes.
ATTACHMENTS:
July Minutes
August Minutes
Anna Community Development Corporation Meeting Minutes
Thursday, July 12, 2018 at 5:00 pm
Anna City Hall, Council Chambers
111 N. Powell Parkway, Anna, Texas 75409
CDC Board Members Present:
Anthony Richardson, Jim Gurski, Bruce Norwood, Stan Carver, Shelby Miles, Josh
Vollmer
Staff Present: Jessica Perkins, Ashley Stathatos
1. Call to Order, Roll Call and Establishment of Quorum.
Meeting called to order at 5:09 pm.
2. Invocation and Pledge of Allegiance.
Invocation and pledge of allegiance led by Anthony Richardson.
3. Citizen Comments.
No citizens came forward to speak at citizen comments.
4. Update on new CDC Board Members.
Council appointed three new CDC Board Members: Bruce Norwood, Stan Carver and
Shelby Miles.
5. Orientation/Presentation for new and existing CDC Board Members.
Staff did a presentation for new and existing CDC Board Members. Topics covered
included: What is Economic Development, Role of the CDC & EDC, CDC & EDC
Accomplishments & Goals, City Council Strategic Plan, Strategic Theme #1 Economic
Development and Current & Future Projects.
6. Consider/Discuss/Action regarding appointment of a Vice President.
Jim Gurski made a motion to nominate Josh Vollmer for Vice President. Stan Carver
seconded the motion. All were in favor. Motion carried.
7. Consider/Discuss/Action on a Work Plan for Economic Development.
Staff announced there would be an upcoming work planning meeting to come prepared
and ready to bring wants, needs and desires regarding future business development in
Anna.
8. Update on Traffic Counts
Gramm Traffic completed new traffic counts in Anna. Traffic counts have increased on
most all major roadways and are approximately 80,000 vehicles on US 75.
9. Closed Session.
Josh Vollmer made a motion to go into closed executive session at 6:29 pm. Jim Gurski
seconded the motion. All in favor. Motion carried.
Josh Vollmer made a motion to come out of closed executive session at 7:10 pm. Stan
Carver seconded the motion. All in favor. Motion carried.
10. Consider/Discuss/Action regarding Termination of Business Development
Incentive Grant for Capital Investment Performance Agreement.
Bruce Norwood made a motion to terminate the business development incentive grant
for the Capital Investment Performance Agreement. Josh Vollmer seconded the motion.
All in favor. Motion carried.
11. Consider/Discuss/Action regarding minutes from June 7, 2018.
Jim Gurski made a motion to approve the minutes from June 7, 2018. Josh Vollmer
seconded the motion. All in favor. Motion carried.
12. Finance Report — review only.
Review Only.
13. Adjourn.
A motion was made by Anthony Richardson and Josh Vollmer seconded the motion to
adjourn the meeting at 7:20 pm. All were in favor. Motion passed.
Anna Community Development Corporation Meeting Minutes
Thursday, August 2, 2018 at 5:00 pm
Anna City Hall, Council Chambers
111 N. Powell Parkway, Anna, Texas 75409
CDC Board Members Present:
Anthony Richardson, Jim Gurski, Bruce Norwood, Shelby Miles, Josh Vollmer, Doug
Hermann
Staff Present: Jessica Perkins, Ashley Stathatos
1. Call to Order, Roll Call and Establishment of Quorum.
Meeting called to order at 5:02 pm.
2. Invocation and Pledge of Allegiance.
Invocation and pledge of allegiance led by Anthony Richardson.
3. Citizen Comments.
No citizens came forward to speak at citizen comments.
4. Presentation to Outgoing Board Members.
Connie Stump served 10 Years, and Brent Thomas served 4 Years on the CDC Board.
Anthony Richardson commended Connie and Brent for being great mentors and stated
that the projects they worked on and accomplished will continue moving forward.
Connie and Brent thanked the Board for their recognition and offered words of
encouragement to currently serving Board Members.
5. Consider/Discuss/Action on Glowfest, a local festival put on by the Anna Chamber
of Commerce.
Kevin Hall and Mike Dixon represented the Anna Chamber of Commerce on this item.
Kevin Hall explained Glowfest is being changed to Harvestfest. There will not be
balloons this year because not many have been going up in recent years due to weather
conditions. Guests will get more from other festival activities such as two stages for
music, a pumpkin painting contest, costume contest and additional bounce houses. The
Board thanked Kevin Hall and Mike Dixon for their great work on behalf of the Anna
Chamber of Commerce.
6. Consider/Discuss/Action regarding Zoom Prospector Local Edition, an online real
estate database and mapping solution.
Zoom Prospector will put an unlimited number of the city's properties on the city website.
The cost for Zoom Prospector is $3,240 per year. The board believes Zoom Prospector
will be a great addition to the City's website. No action taken.
7. Consider/Discuss/Action regarding the approval of a resolution for a license
agreement with GIS Planning to provide their Zoom Prospector Local Edition.
Passing the resolution approving the contract and funds for Zoom Prospector will enable
staff to begin working on inputting properties into Zoom Prospector so the addition to the
website can go live sooner. Josh Vollmer made a motion to pass the resolution and
authorize the Chief Administrative Officer to execute a contract with GIS Planning for
Zoom Prospector Local Edition with language reviewed and approved by the CDC
Attorney. Shelby Miles seconded the motion. All in favor. Motion passed.
8. Consider/Discuss/Action regarding a preliminary marketing plan and promotion of
the four corners at US 75 and FM 455.
Developing a clear vision of the four corners will assist staff in working with the land
owners, developers and brokers to more aggressively market the properties, get the
sites developed and end -users in place. The Board would like to refine the marketing
plan and rearrange some of the components included in it. More discussion on the four
corners marketing plan will take place at the upcoming workshop meeting.
9. Consider/Discuss/Action on a date to conduct a workshop to develop a workplan
for the Community Development Corporation.
The workshop to develop the workplan for the Community Development Corporation
was set for August 231d at 5:00 pm.
10. Closed Session.
A motion was made and seconded to go into closed session at 6:45 pm.
Bruce Norwood made a motion and Doug Hermann seconded the motion to come out of
closed session at 7:02 pm. All were in favor. Motion passed.
11. Consider/Discuss/Action regarding minutes from July 12, 2018.
These minutes will be provided at a future meeting.
12. Finance Report — review only.
Review Only.
13. Adjourn.
A motion was made by Doug Hermann and James Gurski seconded the motion to
adjourn the meeting at 7:07 pm. All were in favor. Motion passed.
Anna Community Development Corporation Meeting Minutes
Thursday, August 23, 2018 at 5:00 pm
Special Workshop Meeting
Anna City Hall, Council Chambers
111 N. Powell Parkway, Anna, Texas 75409
CDC Board Members Present:
Anthony Richardson, Jim Gurski, Bruce Norwood, Stan Carver, Shelby Miles, Josh
Vollmer
Staff Present: Jessica Perkins, Ashley Stathatos
1. Call to Order, Roll Call and Establishment of Quorum.
Meeting called to order by Anthony Richardson at 5:20 pm.
2. Invocation and Pledge of Allegiance.
Invocation and pledge of allegiance led by Anthony Richardson.
3. Citizen Comments.
No citizens came forward to speak at citizen comments.
4. Consider/Discuss/Action on a resolution authorizing a budget amendment for the
FY 2017-2018 Budget.
Stan Carver made a motion to approve the resolution authorizing a budget amendment
for the FY 2017-2018 Budget. Bruce Norwood seconded the motion. All in Favor.
Motion passed.
5. Consider/Discuss/Review of FY 2018-2019 Budget.
Staff went over the proposed budget with the CDC Board. The CDC Board questioned
the $94,000 Other Services line item used towards Parks' operations costs. The CDC
Board would like the City to take on the line item for the Parks' operations costs so the
CDC can use those funds for Community and Economic Development purposes. The
CDC directed staff to discuss the line item with the City Manager and Finance Director to
see if the $94,000 Other Services line item could be decreased in the FY 2018-2019
Budget.
6. Consider/DiscussNVorkshop a 5-Year Workplan for Community & Economic
Development.
Staff conducted a workshop with the CDC Board to create a workplan for future
Community and Economic Development efforts. A workplan is needed to allocate
resources efficiently and effectively, increase the quality of life amenities, increase the
tax base, provide jobs and compete locally, regionally and nationally. Anna is one of the
fastest growing cities in DFW, therefore, a workplan will help the City manage and direct
growth.
A SWOT, (Strengths, Weaknesses, Opportunities and Threats), Analysis was conducted
with the CDC Board. The workshop will continue at the September 6, 2018 meeting.
Thus far, workshop results are showing one of the highest ranked items to work on in the
upcoming fiscal year is branding.
7. Adjourn
Anthony Richardson made a motion to adjourn the meeting. Josh Vollmer seconded the
motion. Meeting was adjourned at 7:36 pm.
Item No. 10
CDC Agenda
Staff Report
Meeting Date: 9/6/2018
Staff Contact: Jessica Perkins
Ashley Stathatos
COMMUNITY
DEVELOPMENT
C 0 R P 0 R 0 N�
AGENDA ITEM:
Financial Report —review only.
SUMMARY:
Review and comment.
STAFF RECOMMENDATION:
None
ATTACHMENTS:
FY 17-18 balance sheet
City of Anna
813112018 9.49am Statement of Revenue and Expenditures Page 1
Revised Budget
For Community Development Corporation (89)
For the Fiscal Period 2018-11 Ending August 31, 2018
Previous YTDal YTD Remaining
Account Number______T Budged Previous YTD Annu
Actual Budget Actual Budget Amount
Revenues
Community Development Corporation Revenues
Revenues Revenues
89-825-5225 Sales Tax Revenue - General $
425,000.00 $
523,793.13 $
89-825-5329 Donations
0.00
0.00
89-825-5499 Miscellaneous Revenue
0.00
0.00
89-825-5500 Grant Revenue
0.00
0.00
89-825-5530 Interest Revenue
2,500.00
1,522.02
Total Revenues Revenues
427,500.00
525,316.16
Other Source of Funds Revenues
89-825-5806 Transfers in - EDC
725,000.00
725,000.00
89-825-5840 Bond Proceeds
1,850,000.00
1,850,000.00
89-825-5999 Revolving Loan Revenue
0.00
0.00
Total Other Source of Funds Revenues
2,575,000.00
2,675,000.00
Total Community Development Corporation Reven
3,002,500.00
3,100,315.15
Total Community Development Corporation Revenues $
3,002,500.00 $
3,100,315.15 $
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 Experts
89-825-6703
Contract Services
89-825-6711
Travel Expense
89-825-6721
Education & Training
89-825-6722
Insurance - Property & Liability
89-825-6731
Public Notices - Advertising
822,615.00 $
0.00
0.00
0.00
1,800.00
586,006.61 $ 236,608.39
97.03
$ 0.00
0.00
$ 0.00
0.00
$ 0.00
2,632.91
$ (832.91)
824,416.00 688,736.55 235,678.45
0.00 0.00 $ 0.00
0.00 0.00 $ 0.00
0.00 0.00 $ 0.00
0.00 0.00 U.UU
824,415.00 588,736.55 235,678.45
824,415.00 $ 588,736.55 $ 235,678.45
$ $
$
55,608.00 $
4,262.00
8,712.00
8,133.00
200.00
140.00
100.00
28,137.60
2,152.49
2,918.72
3,387.61
162.00
122.72
0.00
$
$
$
$
$
$
$
27,470.40
2,109.51
5,793.28
4,745.39
38.00
17.28
100.00
77,155.00
36,881.14
40,273.86
225.00
21.58
500.00
745.58
$
(245.58)
250.00
166.92
1,800.00
663.87
$
1,136.13
0.00
0.00
500.00
0.00
$
500.00
75.00
70.94
100.00
7.25
$
92.75
550.00
259.44
2,900.00
1,416.70
1,483.30
0.00
0.00
111,000m
203,847.11
$
(92,847.11)
17,500.00
6,138.00
89,400.00
80,104.56
$
9,295.44
250.00
0.00
5,800.00
5,125.69
$
674.31
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
City of Anna
813112018 9.49am
Statement of Revenue and Expenditures
Revised Budget
For Community Development Corporation (89)
For the Fiscal Period 2018-11 Ending August 31, 2018
Page 2
Previous YTD
Previous YTD
Annual
YTD
Remaining
Account Number
Budget
Actuall
Budget
Actual
Budget Amount
89-825-6735
Promotion Expense
34,800.00 23,500.00
57,000.00
42,697.69
$ 14,302.31
89-825-6753
Legal Expense
11,000.00 11,450.40
15,000.00
7,539.17
$ 7,460.83
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
1,854.38
$ 13,145,62
89-825-6761
flues, 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
121,866.90
$ 0.10
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
346,200.00 321,069.63
722,317.00
746,160.50
(23,843.50)
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
3,213,710.00
802,372.00
784,468.34
17,913.66
Total Community Development Corporation Expendit $
3,304,886.00 $
3,213,710.00 $
802,372.00 $
784,468.34 $
17,913.66
Community Development Corporation Excess of Reven $ (302,386.00) $ (113,394.85) $ 22,043.00 $ (195,721.79) $ 217,764.79
813112018 9.49am
City of Anna
Statement of Revenue and Expenditures
Revised Budget
For the Fiscal Period 2018-11 Ending August 31, 2018
Page 3
Previous YTD Previous YTD Annual YTD Remaining
Account Number Budget Actuall Budget Actual Budget Amount
Total Revenues
Total Expenditures
Total Excess of Revenues Over Expenditures
$ 3,002,600.00 $ 3,100,315.15 $ 824,415.00 $ 588,736.55 $ 1,413,151.55
$ 3,304,886.00 $ 3,213,710.00 $ 802,372.00 $ 784,458.34 $ 17,913.66
$ (302,386.00) $ (113,394.85) $ 22,043.00 $ (195,721.79) $ 217,764.79