The URL can be used to link to this page

Home My WebLink AboutCDC-EDCpkt2020-02-06THE CITY OF Anna *!CDC Ariria*EDC MEETING AGENDA ANNA COMMUNITY DEVELOPMENT CORPORATION AND ANNA ECONOMIC DEVELOPMENT CORPORATION Thursday, February 6, 2020 at 6:00 p.m. INC-CUBE BUILDING, CONFERENCE ROOM 312 N. POWELL PARKWAY, ANNA, TEXAS The Anna Community Development Corporation and the Anna Economic Development Corporation will conduct a meeting at 6:00 p.m. on Thursday, February 6, 2020, at the Inc -Cube Building, Conference Room, 312 N. Powell Parkway, City of Anna 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 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 approving minutes from the January 15, 2020 CDC and EDC Meeting. 5. Hear update from Andrea Henry. 6. Director's Report A. Report on current corporate financial status —Discussion Only B. Bisnow 121 Corridor Event on March 26, 2020 C. Greater Anna Chamber Banquet on Feb. 22, 2020 D. ICSC ReCON Conference E. Inc -Cube Construction Update 7. Conduct an Economic Development Strategic Plan Workshop. 8. CLOSED SESSION (exceptions): 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. 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; Anna Business Park. 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 Revolving Loan Fund; promotional contract. 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; potential retail and medical projects. 9. Reconvene into open session and take any action on closed session items. 10. 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. 11. 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 February 3, 2020. y Grisham, Economic Development Director 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 A:ilLna �Tnna CDC *EDC Item No. 4 CDC/EDC Agenda Staff Report Meeting Date: 2.06.2020 Staff Contact: Joey Grisham AGENDA ITEM: Consider/Discuss/Act on approving minutes from the January 15, 2020 CDC and EDC Meetings. SUMMARY: STAFF RECOMMENDATION: Approve the minutes from the January 15, 2020 CDC and EDC Meetings. ATTACHMENTS: 1. January 15, 2020 CDC and EDC Meeting Minutes Officers: Staff: Anthony Richardson, President Joey Grisham, Economic Development Director Stan Carver, Vice -President Taylor Lough, Economic Development Manager Rocio Gonzalez, Secretary �THE CITY a Anna Anna Community Development Corporation and Anna Economic Development Corporation Meeting Minutes Wednesday, January 15, 2020 at 6:00 pm Inc -Cube Building, Conference Room 312 N. Powell Parkway, Anna, Texas 75409 CDC and EDC Board Members Present: Anthony Richardson, Bruce Norwood, Rocio Gonzalez, Michelle Hawkins, Doris Pierce. Others present: Joey Grisham (Economic Development Director), Clark McCoy (CDC/EDC Legal Counsel), Lee Miller (City Council Member). 1. Call to Order. Roll Call and Establishment of Quorum. The meeting was called to order by Anthony Richardson, Board President, at 6:02 p.m. 2. Invocation and Pledge. Invocation and pledge of allegiance led by Anthony Richardson. 3. Citizen Comments. There were no citizen comments. 4. Consider/Discuss/Act on approving minutes from the December 5, 2019 CDC and EDC Meeting. Stan Carver made a motion on behalf of the Community Development Corporation and Economic Development Corporation to approve the minutes from the December 5, 2019 CDC and EDC Meeting with one edit —changing Pent Oaks to Pin Oaks. Michelle Hawkins seconded the motion. All were in favor. Motion passed. 5. Consider/Discuss/Act on entering into a Memorandum of Understanding (MOU) with the City of Anna regarding lease space in the Inc -Cube Building. Joey Grisham explained that the City of Anna needs additional space for new employees until the new City Hall is ready in 2021 and wants to lease space from the EDC. He then introduced Asst. City Manager Ryan Henderson who updated the Board on the current situation. Ryan stated that the MOU was similar to a previous agreement done when the Public Works Dept. leased space from the EDC. He further stated that as a part of the MOU, the City would pay $1 per month in rent but would pay the monthly utilities including electric, water, sanitary sewer, and internet. Bruce Norwood made a motion for the Anna Economic Officers: Staff: Anthony Richardson, President Joey Grisham, Economic Development Director Stan Carver, Vice -President Taylor Lough, Economic Development Manager Rocio Gonzalez, Secretary Development Corporation to enter into a Memorandum of Understanding (MOU) with the City of Anna. Michelle Hawkins seconded the motion. All were in favor. Motion passed. 6. Director's Report A. Report on current financial status —Discussion Only Joey updated the Board of financials from September, October and November. B. ICSC Red River States Recap Joey Grisham stated that the EDC had a very successful show and appreciated those who participated. He said that staff would begin the process of following up on leads. C. ICSC ReCON Conference Joey Grisham said that the ICSC ReCON Conference was occurring slightly earlier this year and asked which Board members wanted to attend. Those expressing interest were Anthony Richardson, Bruce Norwood, and Stan Carver. Joey stated that he would be following up to discuss further soon. D. Inc -Cube Construction Update Joey Grisham stated that the contractor should be completed with the work by the first week in February. 7. Hold an Economic Development Strategic Plan Workshop Jason Claunch with Catalyst Commercial picked back up on previous workshop discussions and began by making sure Board members agreed with the core values, mission statement, and vision statement. Jason then turned his focus to the key goals and objectives for the organization —some of the items included being an award -winning EDC/CDC, creating an incentive policy, business targets/clusters, internal and external marketing, branding/identity, and staffing needs. After more discussion, Jason stated that he would begin working on a draft for a review and that he would be back in February. 8. 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 Chapter 551 of the Government Code (Tex. Gov't Code §551.071); Discuss contract concerning Revolving Loan Fund; promotional contract. 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; potential retail and medical projects. Officers: Staff: Anthony Richardson, President Joey Grisham, Economic Development Director Stan Carver, Vice -President Taylor Lough, Economic Development Manager Rocio Gonzalez, Secretary Rocio Gonzalez made a motion for the Community Development Corporation at 9:19 pm to enter closed session. Bruce Norwood seconded the motion. All were in favor. Motion passed. 9. Reconvene into open session and take any action on closed session items. Rocio Gonzalez made a motion to reconvene into open session at 9:43 p.m. Michelle Hawkins seconded the motion. All were in favor. Motion passed. No action was taken. 10. 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. • The 41" of July Fireworks will be held on July 41' • Hurricane Creek Rotary Bingo Event on Saturday, January 2511 @ Pin Oaks • Greater Anna Chamber Banquet on Saturday, Feb. 22na • Anna Chamber Board applications are due by the end of the month for anyone interested 11. Adjourn. Anthony Richardson made a motion to adjourn the meeting at 9:43 pm. Stan Carver seconded the motion. All were in favor. Motion passed. APPROVED: Anthony Richardson President of CDC ATTESTED: Rocio Gonzalez Secretary of CDC A:ilLna �Tnna CDC *EDC Item No. 5 CDC/EDC Agenda Staff Report Meeting Date: 2.06.2020 Staff Contact: Joey Grisham AGENDA ITEM: Hear Update from Andrea Henry (Simply Floor It). SUMMARY: As a part of the updated agreement, Andrea will be providing quarterly updates on her progress. STAFF RECOMMENDATION: ATTACHMENTS: A:ilLna �Tnna CDC *EDC Item No. 6 CDC/EDC Agenda Staff Report Meeting Date: 2.06.2020 Staff Contact: Joey Grisham AGENDA ITEM: Director's Report A. Report on current corporate financial status —Discussion Only B. Bisnow 121 Corridor Event on March 26, 2020 C. Greater Anna Chamber Banquet on Feb. 22, 2020 D. ICSC ReCON Conference E. Inc -Cube Construction Update SUMMARY: STAFF RECOMMENDATION: ATTACHMENTS: 1. December Financials CDC Balance Sheet For Period Ending 12/31/19* *Unaudited - Beginning Balances subject to change Beginning Current Month Ending Balance Activity YTD Activity Balance 10/1/2019 12/3112019 12/31/2019 Assets 89-000-1010 Bank -Operating Funds 736,827.82 90,552.93 195,735.75 9323563.57 89-000-1012 Bank- Restricted Funds 19,118.43 30.95 91.71 193210.14 89-000-1150 Accounts Receivable - - - - 89-000-1160 Accounts Receivable - Sales Tax 188,459.31 - (1887459.31) - 89-000-1202 Receivables - Due From General Fund - - - - 89-000-1215 Receivables - Local Business Loans 91,310.00 91,310.00 Total Assets 1,035,715.56 902583.88 77368.15 110432083.71 Liabilities 89-000-2001 Accounts Payable 13,857.47 (413.00) (13,857.47) 0.00 89-000-2020 Federal W/H Tax Payable - - - - 89-000-2021 FICA Payable - - - - 89-000-2024 Flexible Spending Payable - - - - 89-000-2025 Deferred Compensation Payable - - - - 89-000-2026 TMRS Payable - 286.19 286.19 286.19 89-000-2027 Health Insurance Payable - - - - 89-000-2029 Salaries Payable 1,817.28 - (11817.28) - 89-000-2102 Payable - Due To General Fund(10) - - - - 89-000-2115 Deferred Revenue - Local Business Loans 415310.00 41,310.00 Total Liabilities 56,984.75 (126.81) (157388.56) 41,596.19 Fund Balance 89-000-3711 Fund Balance 887,420.81 90,710.69 22,756.71 910,177.52 89-000-3711 Fund Balance -Restricted 91,310.00 91,310.00 Total Fund Balance 9789730.81 90,710.69 22,756.71 1,0011487.52 CDC Income Statement For Period Ending 12/31/19" Unaudited - Beginning Balances subject to change Current Month Activity YTD Activity 1213112019 Revenues 89-625-5225 Sales Tax Revenue - General 101,386.16 101,386.16 89-825-5329 Donations - 39.00 89-825-5499 Miscellaneous Revenue - - 89-825-5530 Interest Revenue 1,464.46 4,027.88 89-625-5800 Transfers in - - 89-625-5840 Bond Proceeds Total Revenues 102,850.62 105,453.04 Expenses 89-825-6101 Salaries 42088.42 15,521.00 89-825-6114 Payroll Taxes -City Part FICA 312.77 1,326.40 89-825-6121 Health Insurance 76.96 236.88 89-825-6125 TMRS Retirement _ 1,965.42 89-825-6126 Unemployment - - 89-825-6127 Workers Compensation _ 153.00 89-825-6129 Miscellaneous Payroll _ _ 89-825-6208 Office Supplies 50.90 245.15 89-825-6209 Other Supplies - Mist. 184.08 262.64 89-825-6210 Clothing Supplies _ 250.00 89-825-6212 Postage _ _ 89-825-6299 IT Supplies _ _ 89-825-6700 Economic Development Grant Expense _ _ 89-825-6703 Contract Services 37309.00 32,278.50 89-825-6710 TravelrFraining Expense 10094.61 4,190.72 89-825-6722 Insurance - Property&Liability _ 32500.00 89-825-6731 Public Notices - Advertising _ _ 89-825-6735 Promotion Expense 1, 170.80 2,498.84 89-825-6753 Legal Expense 625.39 940.28 89-825-6755 Audit Expense _ _ 89-825-6756 Engineering _ _ 89-825-6761 Dues, Publications, Permits & Licenses 475.00 675.00 89-825-6783 Telephones - Pagers - _ 89-825-6789 Debt -Service Principal 89-825-6790 Interest Expense 89-825-6795 Bond Fees 89-825-6799 Other Services - Mist. 750.00 18,652.511 89-825-6901 Construction In Progress _ _ 89-825-6911 Machinery & Equipment _ _ 89-825-6931 Land & Improvements _ _ 89-825-8900 Other Financing Use - Debt Refundings - _ 89-825-9800 Transfers Out Total Expenses 12T39.93 82,696.33 Net Profit/Loss 90,710.69 22,756.71 \\\\\\\}\\}}\}\\\\\\\0�\\\\ ..............;,,.,,, ;;!§ {{\{[{\{\§{({{{\({{;} < \ MCC ({;w[{ c ca0a 0 ,aN \\�\\\\�\�\\\\}}\ \ am ` } {) (! � N C' N N N D 0 0 n m n a A p J n n w � a W n a A io cm V V N � W - m � m m W O� W W W W W W W W N W W W N tW0 (UO fW0 (WO tW0 [WO tW0 (UO 0 0 N N N N N N N N N N N N N N N N N N N O O O O 0 0 0 0 0 0 0 0 0 0 U U U U U U U U U (li (n O O t � Ol Ol m T O� O� m 47 m m m (T In Ut U� N N p N N N N N N N� _ O mh000�gc�xaOw-�� ou)moamx-�ommD0Dww o o ,� m m d o N o m m m m m n m 0 0 m" �o ov mm m6w oy^ o CD wPm ° A cn m co 0 0 m Nx E O o °3 aOm m m< m mxO- ymN a m m p o m m ¢ x o <' o ,v '� `° o. a. m m 3 6i m m O r- a m 91 W 3 m v D `° w m m m v m tUp O O O O W A O W O (UT J W N V A iP V w A o w o cwo 0 0 0 0 0 0 O O N O O O 0 0 0 0 0 0 0 0 0 0 7G (O N S O V 0 0 0 0 (O o 0 0 0 0 (O A A N J N NO J O� O O O O A V O O O W O O J N 0 0 0 0 0 O U O _ N ? N J U N W O> W W O O A O 0 0 0 0 0 0 O O O O O O U cp A W N N N N O O O O O A U O O O N W O O W N W ro W W o O J o co m o 0 0 0 o m o 0 0 c0 O to N O W N U O O W O O O O A J a w O O ry 3 1 n � CD m W w N N N N N N N N N N N N N N N N N N iom m m m m rn o� m m m W (O tD J J J V J J J J J J J J J 0 g 3— < m io = M m PO n m d O _ O O O O O O N O O O O A O O O> O 6 O O 0 0 0 0 0 0 0 W j co 6 O O O A 01 0 0 0 0 0 0 0 0 0 0 0 0 (O O O O O � O () N N a b o 0 0 0 0 0 0 0 0 o I 0 0 0 0 0 0 0 O O O O O O N O 0 0 0 (Vli 0 0 0 m 0 0 0 O. CI 01 7 n � N a O 0 a 3 i O O O O O O N O 0 0 0 (Vli 0 0 0 m 0 0 0 O. CI 01 7 n � N a O 0 a 3 i O 0 a 3 i n EDC Balance Sheet For Period Ending 12/31/19* *Unaudited - Beginning Balances subject tO change Beginning Current on Ending Balance Activity YTD Activity Balance 10/1/2019 12/31/2019 12/31/2019 Assets 90-000-1010 Bank -Operating Funds 591,617.47 628.94 (21716.91) 588,900.56 90-000-1011 Bank- Money Market & Savings Funds - - - - 90-000-1150 Accounts Receivable 449.00 - (449.00) - 90-000-1160 Accounts Receivable - Sales Tax - - - - 90-000-1202 Receivables - Due From General Fund - - - - 90-000-1215 Receivables - Local Business Loans 89,027.00 (500.00) 88,527.00 Total Assets 681,093.47 628.94 (31665.91) 677,427.56 Liabilities 90-000-2001 Accounts Payable 2,362.21 - (2,362.21) - 90-000-2005 Other Accounts Payable 1,008.34 - (808.34) 200.00 90-000-2102 Payable - Due To General Fund(10) - - - - 90-000-2115 Deferred Revenue - Local Business Loans 89,027.00 - (500.00) 882527.00 90-000-2210 Retainage - - - - 90-000-2735 2011 CO's Current - - - - 90-000-2736 2011 CO's Non Current Total Liabilities 929397.55 (3,670.55) 88,727.00 Fund Balance 90-000-3711 Fund Balance 588,695.92 628.94 4.64 588,700.56 Total Fund Balance 588,695.92 628.94 4.64 588,700.56 EDC Income Statement For Period Ending 12/31/19" *Unaudited - Beginning Balances subject to change Current on Activity YTD Activity 12131/2019 Revenues 90-826-5350 Rental 1,347.00 2,245.00 90-826-5491 Gain on sales of Assets - - 90-826-5499 Miscellaneous Revenue - 500.00 90-826-5530 Interest Revenue 949.82 22824.34 90-826-5800 Transfers in - - 90-826-5853 Other Financial Source from Notes Payable - Total Revenues 2,296.82 5,569.34 Expenses 90-826-6209 Other Supplies - Misc. - 152.95 90-826-6210 Clothing Supplies - - 90-826-6212 Postage - - 90-826-6303 Maint. & Repair - Buildings - - 90-826-6703 Contract Services 509.17 2,195.63 90-826-6708 IT Support Services 249.39 405.05 90-826-6722 Insurance - Property & Liability - 1,050.00 90-826-6735 Promotion Expense - - 90-826-6753 Legal Expense 368.89 683.78 90-826-6755 Audit Expense - - 90-826-6780 Electricity 192.43 488.58 90-826-6781 Gas - Natural/Propane 80.35 134.21 90-826-6782 City Utilities Water/Sewer/Trash 267.65 454.50 90-826-6783 Telephones - Pagers - - 90-826-6799 Other Services - Misc. - - 90-826-6901 Construction in Progress - - 90-826-6931 Land & Improvements - - 90-826-9800 Transfer Out - - Total Expenses 1,667.88 5,564.70 Net Income/Loss 628.94 4.64 � §§;!§!! � \\\ \} \ \ \ )))))\) ( \ �(��(}\ \\ \ �_� � � /\ () ) ( } (}\ §§\))))«/ )( \ ( \ \\§ (\$()\ E „ , , , „ _ ,_,__ „ \ \\\}\ \ �� )j � \\ ��` < - �\\ � \\ \ � �\\��\ \\ \ \\ \� � ! ; ;; [ ; ; [;[ tt�l�;; / )\ ; ;l::l:� ( ))$\}§ ; ) \ �\\\}}\ ))))\}})E \\�\\�\\! \(/��}\(} \ OD W a a m m W co ro ro ro w o> a m o> m o� a o� m m m o 0 0 0 0 0 I 0 0 N N N N N N N N N N N N N N N N N N N N N N N O 0 0 0 0 0 0 0 0 0 0 0 m m m rn m m rn m rn rn rn rn m rn m m o 0 0 0 0 0 0 0 0 0 0 o m a v s w ° c n C v, ¢ v o w q �' s o. m m m m m A fr m T m = - W O y °' �- m a? Q Q o Z 0 = 2 m m m `� m m N z O c m N y m m o 0 U w N° c N ,�, '< d m m y m N < N O W = N m r m m m m m £ - m c°i m m 3 c m r -" _ m - m co v v � � m O O m W m O A 0 0( m 0 0 0 N O O O O W O GOO m A 0 0 0 0 o cn m cn o co 0 o m m o 0 o m Co W W W N V O (O (O N O O A O O W IP o O V 0 0 0 0 o in o 0 o io 0 0 0 0 0 0 0 O O N O O O N O O O O O O O m (n N T N V O O O O O N N N W _ (T Ol W tp O1 A cbp A O O O O V O N O W O O lO V O O 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (T O O O O 0 0 O Ol fJ A O W O (J (1� 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ip 0 0 0 0 0 A WA N_ A O O O O O O O O O m 0 O O O O �O O O V O O O O Ui O N 0 0 0 0 0 0 0 0 0 0 0 O (J O 0 0 0 0 0 0 0 0 0 0 0 0 0 o cp o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 o A o 0 0 0 0 o N o 0 0 0 0 0 0 0 0 o W o 0 0 0 o in O A A m O W 0 0 fJi m 0 O N O f I w O J O O m 0 W W N N m N O A O O N (T O V 0 0 0 O O A O O O N O 0 0 0 0 0 0 [n O V O h h N a 3 n 3 CD v ( \ � m� k w� m E § \�0 \ % } Q�/ § A:ilLna �Tnna CDC *EDC Item No. 7 CDC/EDC Agenda Staff Report Meeting Date: 2.06.2020 Staff Contact: Joey Grisham AGENDA ITEM: Conduct an Economic Development Strategic Plan Workshop. SUMMARY: Jason Claunch with Catalyst Commercial will be present again tonight to begin wrapping up the Economic Development strategic plan. STAFF RECOMMENDATION: ATTACHMENTS: