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Home My WebLink AboutCDCpkt2019-04-10THE CITY OF manna SPECIAL MEETING AGENDA ANNA COMMUNITY DEVELOPMENT CORPORATION Wednesday, April 10, 2019 at 6 30 p.m.' ANNA CITY HALL, COUNCIL CHAMBERS 111 N. POWELL PARKWAY, ANNA, TEXAS The Anna Community Development Corporation will conduct a meeting at 6:30 p.m., on Wednesday, April 10, 2019, at the Anna City Hall Administration Building, 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. Persons may address the Board of Directors on items not on the agenda; please observe the time limit of three (3) minutes. Members of the Board of Directors cannot comment on or deliberate statements of the public; except as authorized by Section 551.042 of the Texas Government Code. 4. Consider/Discuss/Act on a Resolution entering into a contract for real estate services for the Anna Business Park and authorizing the Board President to execute all necessary documents on behalf of the Corporation. 5. Consider/Discuss/Act on accepting the resignation of Shelby Miles from the CDC Board, 6. 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. Consult with legal counsel on matters in which the duty of the attorney to the governmental body under the Texas Disciplinary Rules of Professional Conduct of the State Bar of Texas clearly conflicts with ' 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 Chapter 551 of the Government Code (Tex. Gov't Code §551.071); Discuss contract concerning real estate services; C. 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. 7. Reconvene into open session and take any action on closed session items. 8. Receive reports from staff or Board Members about items of community interest. Items of community interest include. expressions of thanks, congratulations, or condolence; information regarding holiday schedules; an honorary or salutary recognition of a public official, public employee, or other citizen (but not including a change in status of a person's public office or public employment); a reminder about an upcoming event organized or sponsored by the governing body; information regarding a social, ceremonial, or community event organized or sponsored by an entity other than the governing body that was attended or is scheduled to be attended by a member of the governing body or an official or employee of the municipality; and announcements involving an imminent threat to the public health and safety of people in the municipality that has arisen after the posting of the agenda. 9. Adjourn. This is to certify that i, Joey Grisham, Economic Development Director, 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 6:00 p-m. on April 5, 2019. Joey Grisham, Economic Development Director IMPORTANT LEGAL NOTICE: The Corporation may vote andlor 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. THE CITY OF mann a AGENDA ITEM: Item No. 4 CDC Agenda Staff Report Meeting Date Staff Contact: 4.10.2019 Joey Grisham Consider/Discuss/Act on a Resolution entering into a contract for real estate services for the Anna Business Park and authorizing the Board President to execute all necessary documents on behalf of the Corporation. SUMMARY: As we discussed earlier, the CDC/EDC entered into a contract with Funderburgh Real Estate Group for real estate services related to the Anna Business Park. Now that we have moved on from that contract, it is important to begin working with an established real estate firm that will market the property aggressively and advise us on issues like signage, marketing, and other issues related the Business Park. After a thorough search, many phone calls/one-on-one conversations, and evaluating multiple proposals, we narrowed the search down to two very reputable firms, NAI Robert Lynn and Carey Cox Real Estate. Tonight you will be hearing a presentation from David Cox with Carey Cox Real Estate. STAFF RECOMMENDATION: Staff recommends adopting a resolution to enter into a contract for real estate services with subject to approval of legal form by the CDC's legal counsel, for the Anna Business Park, and authorizing the Board President to execute all necessary documents on behalf of the Corporation. ATTACHMENTS: 1. Proposal 2. Resolution March 22, 2019 Joey Grisham, Director City of Anna Economic Development Corporation Thank you for the opportunity to discuss the marketing of Anna Business Park. This project is in a strategic location with great access and will make an excellent industrial site for many years to come as Collin County's growth continues to expand north. The site's access to major highways, rail, flat topography, and existing infrastructure make it an ideal location for any business ready to expand and/or relocate in North Texas. Demand for industrial space in this area has never been stronger and we feel very confident in our ability to bring users to the site. WHAT TO EXPECT FROM CAREY COX COMPANY For over 40 years we have worked hard to build strong relationships across the North Texas community. These relationships have allowed us to develop an extensive database of users and real estate professionals for marketing our projects. Our longstanding presence in the Collin County market has given us the unique advantage of understanding the real estate demands of the area, and we utilize every marketing channel available to target those demands and get our projects in front of the right people. MARKETING We will work together with you to develop a strong marketing campaign that includes brochures, web presence, email campaigns, and signage. We have put this presentation together to help start the process and aid the discussion about this project. REPORTING We provide thorough reporting to all of our clients on a monthly or quarterly basis that includes detail on all marketing efforts, internet activity, and status of all prospects we are currently working. PROFESSIONAL SERVICE FEE Upon the sale of the property or a portion of the property, six percent (6%) of the total purchase price shall be paid to the broker as a professional service fee. We look forward to working with you on this project and are ready to get started. P.., 7,; FA / David Cox Principal, Carey Cox Company STEP 1 STEP 2 STEP 3 STEP 4 EVALUATE POTENTIAL CREATE MARKETING DETERMINE VALUE GO OUTBOUND USERS MATERIALS The initial phase of marketing Once we determine a After our ideal users have Once we have a full will involve determining a reasonable value for the land been identified we will create understanding of the project reasonable value for the and any EDC incentives we can marketing materials targeted and our marketing materials property based on comparable tailor our marketing towards to grab the attention of that have been completed, our sales transactions and market very specific users. audience. team takes care of the rest. factors. This project could offer the We will craft our brochures, We utilize every marketing In this project it will be potential to accommodate 1 - 2 email campaigns, and website channel available to make sure important to look at recent large industrial users, or the in a way that presents the most our projects are a success. land sales, leases of similar opportunity to mix both large important information to our properties, and the value of and small users across multiple target audience quickly and Including: EDC incentives available for the buildings. efficiently. • CoStar/Loopnet project. • MLS We have included lease comps The images, maps, and data in • Custom email campaigns to We have included land comps in the following pages to help this presentation will serve as a national, regional, and local and property information in illustrate what users of different starting point for our marketing real estate brokers as well as the following pages to help types are willing to pay. materials. All of them will be potential users. determine the value of this edited as the project develops. • Extensive contact lists property. developed over our 40+ years in business. • Social Media • Custom Signage careycoxcompany.com / 972.562.8003 3 321 N. Central Expressway, Suite 370, McKinney, TX 75070 The information contained herein was obtained from sources believed reliable; however, Carey Cox Company makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions, prior sale or lease, or withdrawal without notice. FEATURES TOTAL AC 85.571 AC TOTAL SF 3,727,472 SF FLOODPLAIN LAND NONE ZONING PD - BUSINESS PARK UTILITIES ON SITE WATER, SEWER, GAS, ELECTRIC, FIBER HIGHLIGHTS INDUSTRIAL DEVELOPMENT OPPORTUNITY IN NORTH TEXAS RAILACCESS FRONTAGE ON COLLIN COUNTY OUTER LOOP CITY OF ANNA ECONOMIC DEVELOPMENT CORPORATION INCENTIVES careycoxcompany.com / 972.562.8003 4 321 N. Central Expressway, Suite 370, McKinney, TX 75070 The information contained herein was obtained from sources believed reliable; however, Carey Cox Company makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions, prior sale or lease, or withdrawal without notice. LAND FOR BUSINESS PARK DEVELOPMENT • Anna Business Park is located approximately 29 miles north of Dallas, Texas. • The site has approximately 2,530 feet of frontage on the recently completed Collin County Outer Loop. • Utilities to the site include water, sanitary sewer, electricity, fiber. • The topography is relatively flat. • A DGNO serviced rail line is on the west boundary of the site. DEMOGRAPHICS 2018 - Source LoopNet 1-Mile 3-Mile 5-Mile Total Population 1,202 15,820 20,534 Median Household Income $80,842 $87,995 $84,871 DISTANCE TO MAJOR HIGHWAYS S.H.5 FRONTAGE C.C. OUTER LOOP FRONTAGE U.S.75 2.2 MI S.H.121 3.3 MI U.S. 380 8.4 MI DISTANCE TO AIRPORTS McKinney National Airport 12.8 MI DFW International 45 MI Dallas Love Field 46 MI careycoxcompany.com / 972.562.8003 5 321 N. Central Expressway, Suite 370, McKinney, TX 75070 The information contained herein was obtained from sources believed reliable; however, Carey Cox Company makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions, prior sale or lease, or withdrawal without notice. careycoxcompany.com / 972.562.8003 6 321 N. Central Expressway, Suite 370, McKinney, TX 75070 The information contained herein was obtained from sources believed reliable; however, Carey Cox Company makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions, prior sale or lease, or withdrawal without notice. - i 1 I� J\ J y 44' ROADWAY 9 " SAN. SEWER F T AN FW MANHC EXIS S S ——————— e--——— — — — —F: — �—�— — — — — —— ll 80 R. 0. W. li . / t APPROX. ESMT. ;� �' �� \ ��✓LOCATION (TBD) 12 WATER LINE 1 7.012 ACRES RIM ELEV.-694.50 FL 15" (OUT)=684.97 FL 15" (IN)=685.07 FL 8" (IN)=685,27 careycoxcompany.com / 972.562.8003 7 321 N. Central Expressway, Suite 370, McKinney, TX 75070 The information contained herein was obtained from sources believed reliable; however, Carey Cox Company makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions, prior sale or lease, or withdrawal without notice. f� Q. 200 4E(0 91DALE IN FEET LMEM IRE-INON ROD FOUND I IR' CIIF.I/R' WPM IRON ADD PQM @ STAY''N.P.L.S. SA00' I C.M.1- C 03L IY U ENT SV MTER VALVE FN-FIRE ITfDIIANT DN'QYERNEAD PURER LINO RYH-RNIITAXN BEYR! NAAIIYLE C. R.C.0.T.-CCEC PCODIUB fLLLIN WUREV, TEXRN D.P,E-WMAL PUBLIC RE6SIRY OLLIN WLNIP, TEIAN 4�4 I 4D PGE LTD U C VOLUME 5387 PAGE 455 /4 % POINT OF oFo BEGINNING L, 6 di STARK iI ABffTR 79a 6 � IRF ABSTRACT xUYeEA TpB S 89°11'36" E COUNTY ROAD 421 1743.74 S 11 °3357' E o� _ REMAIIIOER OF irelxt 36t.50 AGREE 3,70,460 SQUARE FEET, o.P.a.o.o.T. MARLAN BEOPERTIEs,5130 INSTRUMENT NUMBER ERTE5""28001fi50300 h� W OR p_P_R C � r_ y¢Q 1 f &9.571 ACRES THE OIM OF ANNA o INSTRUMENT NUMBER. ' nCORl.P. r 3TD1ep r / / -/2' IRF S 55°24'07" E 6 1� 316.51 L,3 L4 0 Jr t1/V CIRF; ff f J�� TPACT t P APCEL COLLIIJ COWIJn' TOLL ROnC nUh ORIT'r �;i NSIRUMENT NUMBER 201102220OD104360 O P R_C C T ICOLLIN COWNV TOLL I Rmm�o Inn'nnl n.n (RIGHT-OF-WAY UNRECORDED) TRnCT 2, PAPCEL 2 COLLIN COUNT}' TOLL ROAD AUTHCPIT, INSTP—ENT NUMBER 20110?2200019J360 O.P.P.C.C.T. TP.ACT 3. PARCEL 1 COLLIN COWNTI TOLL careycoxcompany.com / 972.562.8003 8 321 N. Central Expressway, Suite 370, McKinney, TX 75070 The information contained herein was obtained from sources believed reliable; however, Carey Cox Company makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions, prior sale or lease, or withdrawal without notice. careycoxcompany.com / 972.562.8003 9 321 N. Central Expressway, Suite 370, McKinney, TX 75070 The information contained herein was obtained from sources believed reliable; however, Carey Cox Company makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions, prior sale or lease, or withdrawal without notice. POPULATION 9699603 POPULATION GROWTH 9Z2% (2000-2017) MEDIAN AGE 36.5 MEDIAN HH INCOME $89v638 MEDIAN PROPERTY VALUE $288,100 NUMBER OF EMPLOYEES 4859422 AVERAGE COMMUTE TIME 26AMINUTES HOME OWNERSHIP 66.5% OWN VS RENT careycoxcompany.com / 972.562.8003 10 321 N. Central Expressway, Suite 370, McKinney, TX 75070 The information contained herein was obtained from sources believed reliable; however, Carey Cox Company makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions, prior sale or lease, or withdrawal without notice. RECENT LAND cwi r TDwUew 1 FEB 2019 2 JAN 2018 3 AUG 2018 HWY 5 AND WILMETH HWY 5 AND WILMETH HWY5 4 JUN 2017 3200 N REDBUD BLVD 5 JAN 2017 515 FANNIN • RCS .� _��% �.-��• r� � --' '� MCKINNEY MCKINNEY i TOTAL AC SALE PRICE 65 AC 00 5 AC MELISSA 11.63 AC MCKINNEY 8.8 AC MCKINNEY 37 AC $1,069,000 $1,150,000 $2.50 / SF $5.00 / SF $2.27 / SF $2,108,000 $5.50 / SF $2,650,000 $1.65 / SF careycoxcompany.com / 972.562.8003 11 321 N. Central Expressway, Suite 370, McKinney, TX 75070 The information contained herein was obtained from sources believed reliable; however, Carey Cox Company makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions, prior sale or lease, or withdrawal without notice. Aubrey Knrgerville Khan 159 4 _1 Cross Roads Denton 3°0 Ponder m Corinth s Little Elm Northlake ° Argyle <� A Highland Celina Prosper Frisco Justin Village The Colony t2t GB CO— Lewisville Flower Mound Rnannka r;x d RIM PROPERTY ADDRESS: 3000 REDBUD, MCKINNEY TYPE: INDUSTRIAL TENANT: SMITH SYSTEMS LEASE RATE: $3.25 / SF + NNN (31 T B. Lie Ridge Melissa Q Cl McKinney Princeton Fairview 69 Farmersville 1_79 Y Allen o m Lucas -j Fairli Aberfoyle Celeste White Rods C Merit Neylandville Floyd Cam] OGreenville Caddo Mills �s Lavon Plano Murphy Wy.,e r 77,�. i PROPERTY ADDRESS: 815 ENTERPRISE BLVD, ALLEN TYPE: INDUSTRIAL YEAR BUILT: ATLAS COPCO N.AMERICA SF LEASED: 129,798 SF PROPERTY ADDRESS: 780 SHILOH RD, PLANO TYPE: INDUSTRIAL TENANT: BLUE CROSS BLUE SHIELD LEASE RATE: $6.50 / SF + NNN careycoxcompany.com / 972.562.8003 12 321 N. Central Expressway, Suite 370, McKinney, TX 75070 The information contained herein was obtained from sources believed reliable; however, Carey Cox Company makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions, prior sale or lease, or withdrawal without notice. `�' Celina tzsj - Fairlie Autrey Aberfoyle Blue Ridge Celeste Knrgerville Melissa I Krum P® it lJ White Rock Q Prosper Cornmr Cross Roads ua Denton i Merit 69 ® McKinney ® fVeylandvi►le ® Princeton @ Corinth w Little Vm Fairview 5B Farmersville Frisco Floyd Campbell Greenville lake Argyle Highland Allen �C Village The Colony m a Lucas an Caddo Mills ® Lewisville � Pla Lavon � Flower Mound Murphy wyi•e Roanoke • 2os r+s.r, Lone Oak PROPERTY ADDRESS: 2241 REDBUD, MCKINNEY TYPE: INDUSTRIAL PROPERTY ADDRESS: 180110TH STREET, PLANO TYPE: INDUSTRIAL TENANT: G2 GEN. CONTRACTORS TENANT: TELECT INC. 1i PROPERTY ADDRESS: TYPE: 415 INTERCHANGE, MCKINNEY INDUSTRIAL TENANT: MAGNUM PRODUCTS SF LEASED: 25,126 SF SF LEASED: 100,000 SF SF LEASED: 60,164 SF careycoxcompany.com / 972.562.8003 13 321 N. Central Expressway, Suite 370, McKinney, TX 75070 The information contained herein was obtained from sources believed reliable; however, Carey Cox Company makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions, prior sale or lease, or withdrawal without notice. OUR MISSION Since 1977 Carey Cox Company has worked to meet the real estate objectives of investors, owners and growing businesses throughout North Texas. Our mission is to understand each one of our client's unique needs and provide a solution that achieves their goals. ABOUT US Carey Cox Company provides commercial, industrial, and investment real estate services in Collin, Dallas, Denton, Grayson, Hunt and Rockwall counties. Our belief in integrity and our desire to build lasting relationships makes us the commercial real estate leader in Collin County and surrounding areas. Today, the company is led by Bill and David Cox and continues to be a key component in the growth of North Texas.0urteam of experienced professionals provides the platform and knowledge to ensure our client's success. careycoxcompany.com / 972.562.8003 David Cox Principal Bill Cox Principal 14 321 N. Central Expressway, Suite 370, McKinney, TX 75070 The information contained herein was obtained from sources believed reliable; however, Carey Cox Company makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions, prior sale or lease, or withdrawal without notice. This Offering has been prepared by the Carey Cox Company for a limited number of parties and does not purport to provide a necessarily accurate summary of the property or any of the documents related thereto, nor does it purport to be all-inclusive, or to contain all of the information which prospective clients may need or desire. All projections have been developed by the Carey Cox Company and designated sources and are based upon assumptions relating to the general economy, competition, and other factors beyond the control of the Carey Cox Company and therefore are subject to variation. No representation is made by the Carey Cox Company as to the accuracy or completeness of the information contained herein, and nothing contained herein shall be relied on as a promise or representation as to the future performance of the subject property. Although the information contained herein is believed to be correct, the Carey Cox Company and its employees disclaim any responsibility for inaccuracies and expect prospective clients to exercise independent due diligence in verifying all such information. The Carey Cox Company and its employees disclaim any and all liability for representations and warranties expressed and implied, contained in or omitted from this Offering or any other written or oral communication transmitted or made available to prospective clients. This Offering does not constitute a representation that there has been no change in the business or affairs of the property or the owner since the date of preparation of the Offering. Analysis and verification of the information contained in the Offering are solely the responsibility of the prospective client. This Offering and the contents, except such information which is a matter of public record or is provided in sources available to the public, are of a confidential nature. By accepting the Offering, you agree that you will hold and treat it in the strictest confidence and that you will not disclose the Offering or any of it's contents to any other entity without the authorization of the Carey Cox Company. careycoxcompany.com / 972.562.8003 15 321 N. Central Expressway, Suite 370, McKinney, TX 75070 The information contained herein was obtained from sources believed reliable; however, Carey Cox Company makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions, prior sale or lease, or withdrawal without notice. ANNA COMMUNITY DEVELOPMENT CORPORATION RESOLUTION NO. A RESOLUTION OF THE ANNA COMMUNITY DEVELOPMENT CORPORATION ENTERING INTO A CONTRACT FOR REAL ESTATE REPRESENTATION WHEREAS, the Anna Community Development Corporation (the "CDC") desires to enter into a contract for real estate representation with ; and WHEREAS, the CDC has determined that the above -referenced services, further described in Exhibit A, are in the best interests of the CDC and will promote economic development and expanded business enterprise in the City of Anna; 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. Authority to Execute Real Estate Representation Agreement. The CDC Board of Directors authorize the Board's President to execute, on behalf of the CDC, subject to approval of legal form by the CDC's legal counsel, a contract with as further described in Exhibit A, for real estate representation, said authority to include execution of all necessary documents to consummate the business relationship with said firm. PASSED AND APPORVED by the Anna Community Development Corporation on this the day of 2019. APPROVED: ATTEST: Anthony Richardson, CDC President Jim Gurski, CDC Secretary ANNA CDC RESOLUTION NO. Page 1 of 1 THE CITY OF mann a AGENDA ITEM: Item No. 5 CDC Agenda Staff Report Meeting Date Staff Contact: 4.10.2019 Joey Grisham Consider/Discuss/Act on accepting the resignation of Shelby Miles from the CDC Board. SUMMARY: STAFF RECOMMENDATION: Staff recommends accepting the resignation of Shelby Miles from the CDC Board. ATTACHMENTS: 1. Resignation Letter Joey Grisham From: Ashley Stathatos Sent: Thursday, April 4, 2019 5:53 PM To: Joey Grisham Cc: Jim Proce; Ryan Henderson; Carrie Smith Subject: FW: Shelby Miles - Resignation I'll let you send this to the board members. From: Shelby Miles <shelbymileskak@gmaii.com> Sent: Thursday, April 4, 2019 5:52 PM To: Ashley Stathatos <astathatos@annatexas.gov> Subject: Shelby Miles - Resignation Dear Board Members, Unfortunately I am going to have to resign from the City of Anna's EDC and CDC board. It's been a pleasure and an honor to serving the citizens of Anna and watching the city transform. I am relocating and I believe it would be a disservice to the citizens if I held my place while I am moving. Thank you, for this wonderful opportunity to see the City of Anna grow, flourish and develop. Respectfully, Shelby Miles THE CITY OF mann a AGENDA ITEM: CLOSED SESSION (exceptions): Item No. 6 CDC Agenda Staff Report Meeting Date: Staff Contact: 4.10.2019 Joey Grisham 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. Consult with legal counsel on matters in which the duty of the attorney to the governmental body under the Texas Disciplinary Rules of Professional Conduct of the State Bar of Texas clearly conflicts with Chapter 551 of the Government Code (Tex. Gov't Code §551.071); Discuss contract concerning real estate services; C. 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: STAFF RECOMMENDATION: ATTACHMENTS: