HomeMy WebLinkAboutCDC-EDCpkt2021-02-04THE CITY OF ,mr '� ,71 F.
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MEETING AGENDA
ANNA COMMUNITY DEVELOPMENT CORPORATION
AND
ANNA ECONOMIC DEVELOPMENT CORPORATION
Thursday, February 4, 2021 @ 6:00 PM
The EDC/CDC of the City of Anna will meet at 6:00 PM, on February 4, 2021, at the Anna City
Hall, Located at 111 North Powell Parkway (Hwy 5), to consider the following items.
1. Call to Order, Roll Call and Establishment of Quorum.
2. Invocation and Pledge of Allegiance.
3. Neighbor 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. Recognition of outgoing Board Vice President Stan Carver.
5. ConsiderlDiscusslAct on electing a Vice -President for the CDC.
6. Cons iderlDiscusslAct on electing a Vice -President for the EDC.
7. ConsiderlDiscusslAct on approving minutes from the January 7, 2021 EDC
Meeting. (EDC)
8. Cons iderlDiscusslAct on approving minutes from the January 7, 2021 CDC
Meeting. (CDC)
9. Receive a presentation from the Greater Anna Chamber of Commerce.
10. Receive a presentation from Andrea Henry of Simply Floor It! (CDC)
11. Cons iderlDiscusslAct on a resolution amending the 2020-2021 Fiscal Year
Budget by carrying forward unexpended promotional funds in the amount of
$53,595.94. (CDC)
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.
12. ConsiderlDiscusslAct on a resolution amending the 2020-2021 Fiscal Year
Budget by carrying forward unexpended promotional funds in the amount of
$30,000. (EDC)
13. ConsiderlDiscusslAct on a resolution approving an agreement with Cooksey
Communications for marketing and public relations services. (CDC)
14. Director's Report
a. Sales Tax Update
b. Comprehensive Plan Update
c. Strategic Plan Update
d. New Commercial Projects
15. Closed Session
a. Deliberate regarding the purchase, exchange, lease or value of real property. (Tex. Gov't Code
§551.072) possible property acquisition; possible land saleipurchase; 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); Grant program; Lease agreement.
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.
16. Reconvene into open session and take any action on closed session items.
17 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 posting of the agenda.
18. Adjourn.
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-K325 two working days prior to the meeting so that appropriate
arrangements can be made.
This is to certify that I, Joey Grisham, 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 5:00 p.m. on
February 1, 2021.
IMPORTANT LEGAL NOTICE: The Corporation may vote andfor 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 he made.
THE CITY OF
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Item No. 4.
EDC/CDC Agenda
Staff Report
Meeting Date: 2/4/2021
Staff Contact:
AGENDA ITEM:
Recognition of outgoing Board Vice President Stan Carver.
SUMMARY:
Stan Carver was elected to the Anna City Council in December 2020. Congratulations,
Stan!
STAFF RECOMMENDATION:
ATTACHMENTS:
THE CITY OF
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Item No. 5.
EDC/CDC Agenda
Staff Report
Meeting Date: 2/4/2021
Staff Contact:
AGENDA ITEM:
Consider/Discuss/Act on electing a Vice -President for the CDC.
SUMMARY:
Since Stan Carver is leaving the Board, it is necessary for the Board to elect a new
Vice -President.
STAFF RECOMMENDATION:
ATTACHMENTS:
THE CITY OF
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Item No. 6.
EDC/CDC Agenda
Staff Report
Meeting Date: 2/4/2021
Staff Contact:
AGENDA ITEM:
Consider/Discuss/Act on electing a Vice -President for the EDC.
SUMMARY:
Since Stan Carver is leaving the Board, it is necessary for the Board to elect a new
Vice -President.
STAFF RECOMMENDATION:
ATTACHMENTS:
THE CITY OF
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AGENDA ITEM:
Item No. 7.
EDC/CDC Agenda
Staff Report
Meeting Date: 2/4/2021
Staff Contact:
Consider/Discuss/Act on approving minutes from the January 7, 2021 EDC
Meeting. (EDC)
SUMMARY:
STAFF RECOMMENDATION:
ATTACHMENTS:
1. Anna Community Development Corporation and Anna Economic Development
Corporation Regular 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 Atna
�* CDC*EDC
Anna Community Development Corporation and Anna Economic Development
Corporation Regular Meeting Minutes
Thursday, January 7, 2021 at 6:00 pm
Anna City Hall, Council Chambers
111 N. Powell Parkway, Anna, Texas 75409
The Anna Community Development Corporation and the Anna Economic Development Corporation
conducted a regular meeting at 6:00 p.m. on Thursday, January 7, 2021. Some members of Anna
Community Development Corporation and the Economic Development Corporation participated in
this meeting remotely in compliance with the Texas Open Meetings Act as suspended or modified
under the pending Declaration of Disaster and associated executive orders and proclamations of
the Governor of Texas.
A video recording of the open session portions of the meeting may be viewed online at the City of
Anna's website: https://www.annatexas.gov/962/AgendasMinutes
CDC and EDC Board Members Present: Anthony Richardson, Doris Pierce, Stan Carver,
Michelle Hawkins, Rocio Gonzalez, and Bruce Norwood CDC and EDC Board Members
Participating Remotely: Shane Williams CDC and EDC Board Members Absent: None
Others Present: Councilmember Lee Miller, Joey Grisham (Economic Development Director),
Taylor Lough (Economic Development Manager) Others Participating Remotely: Kevin
Johnson (IT Manager)
Call to Order. Roll Call and Establishment of Quorum.
The meeting was called to order by Anthony Richardson, Board President, at 6:01 p.m.
2. Invocation and Pledge.
Invocation was given by Stan Carver. Pledge of Allegiance was led by Stan Carver.
3. Citizen Comments.
Gina Maria Ottavio is attending meetings to represent the Diversity and Inclusion Advisory
Commission as a liaison.
4. Consider/Discuss/Act on approving minutes from the December 3, 2020 CDC Special
Called Meeting. (CDC)
Officers: Staff:
Anthony Richardson, President Joey Grisham, Economic Development Director
Stan Carver, Vice -President Taylor Lough, Economic Development Manager
Rocio Gonzalez, Secretary
5. Consider/Discuss/Act on approving minutes from the December 3, 2020 EDC Special
Called Meeting. (EDC)
Bruce Norwood made a motion to approve the minutes on behalf of the CDC and EDC for
the December Joint CDC and EDC Meeting. Michelle Hawkins seconded the motion. All
were in favor. Motion passed.
6. Consider/Discuss/Act on approving CDC logo and tagline. (CDC)
Joey Grisham reminded the Board that staff has been working with Cooksey
Communications on a marketing plan as well as updating the CDC logo and creating a
tagline. For copyright and other legal purposes, he recommended that the Board approve
the logo and tagline. The "Groundbreaking Possibilities" tagline was selected for both the
CDC and EDC.
Stan Carver made a motion on behalf of the CDC to approve a resolution adopting a logo
set with blue color scheme and "Groundbreaking Possibilities" text. Anthony Richardson
seconded the motion. All were in favor. Motion passed.
7. Consider/Discuss/Act on approving EDC logo and tagline. (EDC)
Joey Grisham explained the EDC logo has two color options — green and blue — to choose
based on the publication or use of the logo. The EDC logo is used more often in
advertisements and Economic Development Department work because it is recognized
more than the CDC.
Stan Carver would like to see the logo adapted and customized for the use, including other
departments and Chamber of Commerce
Doris Pierce made a motion on behalf of the EDC to approve a resolution adopting a logo
set with blue color scheme and "Groundbreaking Possibilities" text. Bruce Norwood
seconded the motion. All were in favor. Motion passed.
8. Consider/Discuss/Act on approving a resolution authorizing an agreement and
expenditure of funds to provide commercial real estate listing data. (CDC)
Joey Grisham explained that the company providing real estate listing data, Real Massive,
went out of business. After doing research on other options, staff recommends a contract
with REsimplifi out of South Carolina.
Anthony Richardson made a motion on behalf of the CDC to adopt a resolution approving a
contract with REsimplifi not to exceed $4, 800, subject to legal approval of final form. Shane
Williams seconded the motion. All were in favor. Motion passed.
10. 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;
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); Grant program; Lease Agreement and promotional
contract.
Officers: Staff:
Anthony Richardson, President Joey Grisham, Economic Development Director
Stan Carver, Vice -President Taylor Lough, Economic Development Manager
Rocio Gonzalez, Secretary
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.
Anthony Richardson made a motion to enter closed session. Doris Pierce seconded the
motion. All were in favor. Motion passed. The CDC moved into closed session at 6:50 p.m.
11. Reconvene into open session and take any action on closed session items.
Rocio Gonzalez made a motion to reconvene into open session. Anthony Richardson
seconded the motion. All were in favor. Motion passed. The CDC reconvened into open
session at 7:17 p.m.
12. 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.
Joey Grisham announced that Stan Carver was elected to the City Council. The City Council
will appoint a new member to the CDC and EDC Boards in late January.
Tuesday evening will be the joint meeting for the Comprehensive Plan at Rattan Elementary.
The Chamber of Commerce is resuming their in -person meetings in the mornings at the
West Crossing amenity center.
13. Adjourn.
Stan Carver made a motion to adjourn the meeting at 7:20 pm. Shane Williams seconded
the motion. All were in favor. Motion passed.
APPROVED:
Anthony Richardson
President of CDC/EDC
ATTESTED:
Rocio Gonzalez
Secretary of CDC/EDC
THE CITY OF
ia
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AGENDA ITEM:
Item No. 8.
EDC/CDC Agenda
Staff Report
Meeting Date: 2/4/2021
Staff Contact:
Consider/Discuss/Act on approving minutes from the January 7, 2021 CDC
Meeting. (CDC)
SUMMARY:
STAFF RECOMMENDATION:
ATTACHMENTS:
1. Anna Community Development Corporation and Anna Economic Development
Corporation Regular 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 Atna
�* CDC*EDC
Anna Community Development Corporation and Anna Economic Development
Corporation Regular Meeting Minutes
Thursday, January 7, 2021 at 6:00 pm
Anna City Hall, Council Chambers
111 N. Powell Parkway, Anna, Texas 75409
The Anna Community Development Corporation and the Anna Economic Development Corporation
conducted a regular meeting at 6:00 p.m. on Thursday, January 7, 2021. Some members of Anna
Community Development Corporation and the Economic Development Corporation participated in
this meeting remotely in compliance with the Texas Open Meetings Act as suspended or modified
under the pending Declaration of Disaster and associated executive orders and proclamations of
the Governor of Texas.
A video recording of the open session portions of the meeting may be viewed online at the City of
Anna's website: https://www.annatexas.gov/962/AgendasMinutes
CDC and EDC Board Members Present: Anthony Richardson, Doris Pierce, Stan Carver,
Michelle Hawkins, Rocio Gonzalez, and Bruce Norwood CDC and EDC Board Members
Participating Remotely: Shane Williams CDC and EDC Board Members Absent: None
Others Present: Councilmember Lee Miller, Joey Grisham (Economic Development Director),
Taylor Lough (Economic Development Manager) Others Participating Remotely: Kevin
Johnson (IT Manager)
Call to Order. Roll Call and Establishment of Quorum.
The meeting was called to order by Anthony Richardson, Board President, at 6:01 p.m.
2. Invocation and Pledge.
Invocation was given by Stan Carver. Pledge of Allegiance was led by Stan Carver.
3. Citizen Comments.
Gina Maria Ottavio is attending meetings to represent the Diversity and Inclusion Advisory
Commission as a liaison.
4. Consider/Discuss/Act on approving minutes from the December 3, 2020 CDC Special
Called Meeting. (CDC)
Officers: Staff:
Anthony Richardson, President Joey Grisham, Economic Development Director
Stan Carver, Vice -President Taylor Lough, Economic Development Manager
Rocio Gonzalez, Secretary
5. Consider/Discuss/Act on approving minutes from the December 3, 2020 EDC Special
Called Meeting. (EDC)
Bruce Norwood made a motion to approve the minutes on behalf of the CDC and EDC for
the December Joint CDC and EDC Meeting. Michelle Hawkins seconded the motion. All
were in favor. Motion passed.
6. Consider/Discuss/Act on approving CDC logo and tagline. (CDC)
Joey Grisham reminded the Board that staff has been working with Cooksey
Communications on a marketing plan as well as updating the CDC logo and creating a
tagline. For copyright and other legal purposes, he recommended that the Board approve
the logo and tagline. The "Groundbreaking Possibilities" tagline was selected for both the
CDC and EDC.
Stan Carver made a motion on behalf of the CDC to approve a resolution adopting a logo
set with blue color scheme and "Groundbreaking Possibilities" text. Anthony Richardson
seconded the motion. All were in favor. Motion passed.
7. Consider/Discuss/Act on approving EDC logo and tagline. (EDC)
Joey Grisham explained the EDC logo has two color options — green and blue — to choose
based on the publication or use of the logo. The EDC logo is used more often in
advertisements and Economic Development Department work because it is recognized
more than the CDC.
Stan Carver would like to see the logo adapted and customized for the use, including other
departments and Chamber of Commerce
Doris Pierce made a motion on behalf of the EDC to approve a resolution adopting a logo
set with blue color scheme and "Groundbreaking Possibilities" text. Bruce Norwood
seconded the motion. All were in favor. Motion passed.
8. Consider/Discuss/Act on approving a resolution authorizing an agreement and
expenditure of funds to provide commercial real estate listing data. (CDC)
Joey Grisham explained that the company providing real estate listing data, Real Massive,
went out of business. After doing research on other options, staff recommends a contract
with REsimplifi out of South Carolina.
Anthony Richardson made a motion on behalf of the CDC to adopt a resolution approving a
contract with REsimplifi not to exceed $4, 800, subject to legal approval of final form. Shane
Williams seconded the motion. All were in favor. Motion passed.
10. 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;
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); Grant program; Lease Agreement and promotional
contract.
Officers: Staff:
Anthony Richardson, President Joey Grisham, Economic Development Director
Stan Carver, Vice -President Taylor Lough, Economic Development Manager
Rocio Gonzalez, Secretary
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.
Anthony Richardson made a motion to enter closed session. Doris Pierce seconded the
motion. All were in favor. Motion passed. The CDC moved into closed session at 6:50 p.m.
11. Reconvene into open session and take any action on closed session items.
Rocio Gonzalez made a motion to reconvene into open session. Anthony Richardson
seconded the motion. All were in favor. Motion passed. The CDC reconvened into open
session at 7:17 p.m.
12. 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.
Joey Grisham announced that Stan Carver was elected to the City Council. The City Council
will appoint a new member to the CDC and EDC Boards in late January.
Tuesday evening will be the joint meeting for the Comprehensive Plan at Rattan Elementary.
The Chamber of Commerce is resuming their in -person meetings in the mornings at the
West Crossing amenity center.
13. Adjourn.
Stan Carver made a motion to adjourn the meeting at 7:20 pm. Shane Williams seconded
the motion. All were in favor. Motion passed.
APPROVED:
Anthony Richardson
President of CDC/EDC
ATTESTED:
Rocio Gonzalez
Secretary of CDC/EDC
THE CITY OF
ia
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Item No. 9.
EDC/CDC Agenda
Staff Report
Meeting Date: 2/4/2021
Staff Contact:
AGENDA ITEM:
Receive a presentation from the Greater Anna Chamber of Commerce.
SUMMARY:
President/CEO of the Greater Anna Chamber of Commerce will provide a presentation
of GACC activities over the past year and plans for 2021. The GACC operates on a
calendar fiscal year.
STAFF RECOMMENDATION:
ATTACHMENTS:
THE CITY OF
ia
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Item No. 10.
EDC/CDC Agenda
Staff Report
Meeting Date: 2/4/2021
Staff Contact:
AGENDA ITEM:
Receive a presentation from Andrea Henry of Simply Floor It! (CDC)
SUMMARY:
Andrea Henry will provide an update of activities since January 2020.
STAFF RECOMMENDATION:
ATTACHMENTS:
1. 2019 Agreement
2. 2016 Agreement
FIRST AMENDED AND RESTATED LOAN AGREEMENT AND PROMISSORY NOTE
THIS FIRST AMENDE[Q AND RESTATED LOAN AGREEMENT AND PROMISSORY NOTE (this "First
Amendment"), is made thislliay of 4i43,vYl_b-e_( _, 2019, by and between SIMPLY FLOOR IT,
LLC, a Texas limited liability company (hereinElfter known as `BORROWER") and the ANNA COMMUNITY
DEVELOPMENT CORPORATION, a corporation under the laws of the State of Texas (hereinafter known as
"LENDER"). BORROWER and LENDER shall collectively be known herein as "the Parties".
BACKGROUND
As memorialized by Resolution No. 2016-09-03 adopted by LENDER's Board of Directors on September 29, 2016,
the Parties entered into that certain Loan Agreement and Promissory Note (the "Agreement") on September 27,
2016. BORROWER defaulted on its obligations under the Agreement and LENDER provided written notice of the
default to BORROWER. BORROWER has requested additional time to satisfy the performance measures outlined in
the Agreement and LENDER is willing extent the time for performance as set forth in this First Amendment. This First
Amendment supersedes and replaces the Agreement in its entirety, restating the terms, conditions, and agreements
of the Parties as follows:
PROMISSORY NOTE
FOR VALUE RECEIVED, BORROWER promises to pay to the order of LENDER, the sum of $50,000.00 plus 2%
interest per annum, in 36 consecutive monthly installment payments, the first monthly installment payment being due
on December 1, 2020 and the last monthly installment payment being due on or before the November 1, 2023 as set
forth in further detail in the schedule attached hereto as Exhibit A. The thirty-six monthly payment amounts shall be
$1,432.13. This First Amendment is subject to the additional terms found below.
ADDITIONAL LOAN TERMS
The BORROWER and LENDER hereby further set forth their rights and obligations to one another under this First
Amendment and agree to be legally bound as follows --
A. Loan Payment Forgiveness. In the event that BORROWER can prove to LENDER to LENDER'S
reasonable satisfaction that as of July 31, 2020 borrower has created three jobs and has generated sales
resulting in at least $10,000 in sales and use tax having been collected by the City of Anna, the obligation of
BORROWER to pay any sums under this First Amendment shall be forgiven and this First Amendment shall
expire; provided, however, that if BORROWER fails to fully provide such proof to Lender on or before
November 1, 2020, then this paragraph shall not apply and BORROWER must pay the sums to LENDER in
accordance with this First Amendment. Said jobs must be full time job positions held by individuals working
in BORROWER'S offices or facilities in Anna, Texas, and all of said sales and use tax must have been
generated by sales or use in Anna, Texas. BORROWER shall timely provide, at BORROWER'S expense,
detailed proof of the jobs created and sales and use tax paid to the City of Anna in form and substance
reasonably satisfactory to LENDER.
S. Demand by LENDER. Notwithstanding any other provision of this First Amendment, this First Amendment is
a demand note under which BORROWER is required to repay in full the entire outstanding Loan Balance
within 15 days of receiving a written demand from LENDER for full repayment of the Loan Balance. Delivery
of written notice by LENDER to BORROWER via U.S_ Postal Service Certified Mail shall constitute prima
facie evidence of delivery. For mailing of said notice, LENDER shall use BORROWER'S address as stated
below in the portion of this First Amendment regarding default.
FRIST AMENDED AND RESTATED LOAN AGREEMENT AND PROMISSORY NOTE Page 1 of 4
C. Method of Loan Payment. The BORROWER shall make all payments called for under this First
Amendment by sending check or other negotiable instrument made payable to the following entity at the
address indicated here:
Anna Community Development Corporation
111 N. Powell Parkway
Anna, Texas 75409
BORROW shall deliver all other notices required under this First Amendment to LENDER at the above
address. If LENDER gives written notice to BORROWER that a different address shall be used for making
payments or providing notices under this First Amendment, BORROWER shall use the new address so
given by LENDER.
D. Restriction on dividend payments. Dividends may not be paid that would cause the BORROWER to be
unable to meet all of its financial obligations, including payments under this First Amendment.
E. Limitations on compensation of officers and owners. The BORROWER'S owners and officers may be
compensated only to the extent that this compensation does not materially jeopardize the financial strength
of the BORROWER or cause the BORROWER to be unable to meet all of its financial obligations.
F. Prohibition against assuming liabilities or obligations of others. The BORROWER will not assume the
liabilities or obligations of others without prior written consent of the LENDER.
G. Restrictions concerning consolidations and mergers. The BORROWER will not undertake any
consolidations or mergers without prior written consent of the LENDER.
H. Limitations on selling the business. The BORROWER will not sell the business without the prior written
consent of the LENDER.
I. Default. The occurrence of any of the following events shall constitute a Default by the BORROWER of the
terms of this First Amendment:
1. BORROWER'S failure to pay any amount due as principal or interest on the date required under this
First Amendment;
2. BORROWER seeks an order of relief under the Federal Bankruptcy laws;
3. BORROWER becomes insolvent;
4. A federal tax lien is filed against the assets of the BORROWER; or,
5. A violation by BORROWER of any of the restrictions, prohibitions or requirements set forth in
paragraphs BA., above.
J. Additional Provisions Regarding Default:
1. Addressee and Address to which LENDER is to give BORROWER written notice of default:
SIMPLY FLOOR IT, Inc.
9981 Slater Creek Rd
Anna, Texas 75409
If BORROWER gives written notice to LENDER in accordance with this First Amendment that a
different address shall be used, LENDER shall use that address for giving notice of default (or any
other notice called for herein) to BORROWER.
2. Cure of Default. Upon default, LENDER shall give BORROWER written notice of default. Mailing of
written notice by LENDER to BORROWER via U.S. Postal Service Certified Mail shall constitute
prima facie evidence of delivery. BORROWER shall have 15 days after receipt of a written notice of
default from LENDER to cure said default. In the case of default due solely to BORROWER'S failure
FRIST AMENDED AND RESTATED LOAN AGREEMENT AND PROMISSORY NOTE Page 2 of 4
to make timely payment as called for in this First Amendment, BORROWER may cure the default by
making full payment of any principal and accrued interest (including interest on these amounts)
whose payment to LENDER is overdue under this First Amendment and, also, the late payment fee
described below.
3. Fee for Late Payment. There shall also be imposed upon BORROWER a 2% fee for any late
payment computed upon the amount of any principal and accrued interest whose payment to
LENDER is overdue under this First Amendment and for which LENDER has delivered a notice of
default to BORROWER. For example, if the Agreement calls for monthly payments of $500 upon the
first day of each month and BORROWER fails to make timely payment of said amount,
BORROWER (after a default notice is sent by LENDER) shall be liable to LENDER for a penalty of
$10 (i.e., $500 x 2%) and, to cure the default, the BORROWER must pay to LENDER the overdue
Loan Balance of $500, interest upon the overdue Loan Balance, and a late fee of $10.
4. Acceleration. If the BORROWER fails to cure any default on or before the expiration of the fifteen
(15) day cure period that starts on the date BORROWER receives written notice from LENDER that
an event of default has occurred under this First Amendment, the entire unpaid principal, accrued
interest, and late fees under this First Amendment shall accelerate and become due and payable
immediately-
K. Parties that are not individuals. If any Party to this First Amendment is other than an individual (i.e., a
corporation, a Limited Liability Company, a Partnership, or a Trust), said Party, and the individual signing on
behalf of said Party, hereby represents and warrants that all steps and actions have been taken under the
entity's governing instruments to authorize the entry into this First Amendment. Breach of any representation
contained in this paragraph is considered a material breach of this First Amendment.
L. Integration. This First Amendment, including the attachments mentioned in the body as incorporated by
reference, sets forth the entire agreement between Parties with regard to the subject matter hereof. All other
prior agreements, representations and warranties, express or implied, oral or written, with respect to the
subject hereof, are hereby superseded by this First Amendment.
M. Severability. In the event any provision of this First Amendment is deemed to be void, invalid, or
unenforceable, that provision shall be severed from the remainder of this First Amendment so as not to
cause the invalidity or unenforceability of the remainder of this First Amendment. All remaining provisions of
this First Amendment shall then continue in full force and effect. If any provision shall be deemed invalid due
to its scope or breadth, such provision shall be deemed valid to the extent of the scope and breadth
permitted by law.
N. Modification. Except as otherwise provided in this document, this First Amendment may be modified,
superseded, or voided only upon the written and signed agreement of the Parties. Further, the physical
destruction or loss of this document shall not be construed as a modification or termination of the agreement
contained herein.
O. Exclusive Jurisdiction for Suit in Case of Breach. The Parties, by entering into this First Amendment,
submit to jurisdiction in Collin County, Texas for adjudication of any disputes and/or claims between the
Parties under this First Amendment. Furthermore, the Parties hereby agree that the courts of Collin County,
Texas shall have exclusive jurisdiction and venue over any disputes between the Parties relative to this First
Amendment, whether said disputes sounds in contract, tort, or other areas of the law.
P. State Law. This First Amendment shall be interpreted under, and governed by, the laws of the State of
Texas.
Q. Quarterly Reports and Utilization of Resources. BORROWER shall provide reports to the Board of
Directors (the "Board") of the Anna Community Development Corporation each calendar quarter. Each such
report shall be delivered in person at the Board's monthly meetings that are held in the months of October,
January, April, and July. The first such quarterly report shall take place at the Board's monthly meeting in
October of 2019. The reports shall detail the BORROWER'S financial status and its progress towards
FRIST AMENDED AND RESTATED LOAN AGREEMENT AND PROMISSORY NOTE Page 3 of 4
meeting its obligations under this First Amendment. In addition, the reports shall include a description of the
BORROWER'S efforts to utilize the resources of the Greater Anna Chamber of Commerce and the Collin
County Small Business Development Center to promote and expand BORROWER'S business and its
financial profits. BORROWER'S obligation to deliver the reports under this paragraph shall continue until
BORROWER has fulfilled all of its obligations under this First Amendment. Failure to timely deliver any of the
reports required under this paragraph shall be a material breach of this First Amendment.
IN WITNESS WHEREOF and acknowledging acceptance and agreement of the foregoing, BORROWER and
LENDER affix their signatures hereto.
BORROWER
LENDER
SIMPLY FLOOR IT, LLC Ant
By:
Andrea Means Henry
THE STATE OF TEXAS §
COUNTY OF COLLIN §
By:
ATTEST:
Corporation
BEFORE ME, a Notary Public in and for the State of Texas, on this day personally appeared Andrea Means Henry
known to me to be the person and officer whose name is subscribed to the foregoing instrument and acknowledged to
me that she executed same for the purposes and consideration therein expressed and in the capacity therein stated.
GIVEN UNDER MY HAND AND SEAL OF OFFICE this the �� day ofSo c" 2019.
SRVP�/, KYNDAL MARIE BARBAY
Notary Public, State of Texas
`:dew Comm. Expires 05-28-2023
/; °;,;,�`` Notary ID 130231024
Notary Public in and for The State of Texas
FRIST AMENDED AND RESTATED LOAN AGREEMENT AND PROMISSORY NOTE Page 4 of 4
ANNA COMMUNITY DEVELOPMENT CORPORATION
RESOLUTION NO. Ai6 -O '-D3 &OCJ
A RESOLUTION OF THE ANNA COMMUNITY DEVELOPMENT CORPORATION
APPROVING A PROJECT TO PROMOTE NEW OR EXPANDED BUSINESS
DEVELOPMENT, AUTHORIZING THE EXPENDITURE OF FUNDS FOR THE
PROJECT, AND AUTHORIZING THE EXECUTION OF A LINE OF CREDIT TO
ADVANCE FUNDS SIMPLY FLOOR IT
WHEREAS, the Board of Directors of the Anna Community Development Corporation
(the "CDC"), created by the City of Anna, Texas (the "City"), in accordance with Article
5190.6, V.A.T.C.S., Section 4B, 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 CDC to give notice of the intention of the CDC to undertake the following
project(s):
one or more expenditures in a total amount not to exceed $50,000 in the form of
advances on a letter of credit to one or more entities doing business in or near
the city under a contract with the CDC and or Anna Economic Development
Corporation ("Recipients") to assist with the Recipients' operating expenses
necessary for the purpose of expanding the operations of Recipients' business
and the expansion of business development within the city (the "Project"). The
Project will be financed from a grant the CDC was awarded by the USDA. The
costs of the Project are estimated not to exceed $50,000.
WHEREAS, the CDC desires to authorize the expenditure of funds of up to $50,000
under a project line of credit with the Recipient for the funding of the Project, subject to
certain conditions as set forth in this resolution; and,
WHEREAS, the CDC Board of Directors has investigated and determined that providing
the funding for the Project, subject to the aforementioned conditions, is in the CDC's
best interest and will promote new and expanded business development in the City;
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.A/6 --0--! v j ( Ck) PAGE 1 OF 2
Section 2. Approval of Project and Authority to Expend Funds and Authority to
Execute a Line of Credit
The CDC approves the Project and authorizes the expenditure of funds of up to
$50,000 in accordance with a line of credit to Simply Floor It, LLC. for the expansion of
Recipient's business. The CDC authorizes the CDC President to execute the above -
referenced line of credit on the CDC's behalf. Said expenditure by the CDC will be
subject to City Council approval by resolution after the City Council gives the
resolution at least two separate readings, and subject to approval as to the substance
of the line of credits by the CDC's Chief Administrative Officer and approval as to the
form of said line of credit by the CDC's legal counsel.
Section 3. Form of Notice
Attached hereto as Exhibit A is a form of Notice of Project ("Notice"), which shall be
published without unnecessary delay after the adoption of this resolution, in
substantially the same form and substance as attached hereto.
Section 4. Publication of Notice
Said Notice shall be published in a newspaper, as defined in Texas Government Code
Sec. 2051.044, of general circulation in the area of the City of Anna, Texas.
PASSED AND AP ROVED by he Anna Community Development Corporation this
day of 8 1, 2016.
APPROVED:
JdYn Houcek, CDC President
CDC OF ANNA, TEXAS RESOLUTION NO.�0/6 `-'D rl'03 �C'CX, PAGE 2 OF 2
Exhibit A
ANNA COMMUNITY DEVELOPMENT CORPORATION
NOTICE OF PROJECT
NOTICE IS HEREBY GIVEN that the Anna Community Development
Corporation (the "CDC"), a non-profit corporation created pursuant to the Development
Corporation Act of 1979, Article 5190.6, Vernon's Texas Civil Statutes, Section 413, and
now operating under Texas Local Government Code, Chapter 505 (the "Act"), intends to
make one or more expenditures in a total amount not to exceed $50,000 in the form of
advances on a line of credit to one or more entities doing business in or near the city
under a contract with the CDC and or Anna Economic Development Corporation
("Recipients") to assist with the Recipients' operating expenses necessary for the
purpose of expanding the operations of Recipients' business and the expansion of
business development within the city (the "Project"). The Project will be financed from a
grant the CDC was awarded by the USDA. The costs of the Project are estimated not to
exceed $50,000.
EXHIBIT A
LOAN AGREEMENT AND PROMISSORY NOTE
THIS LOAN AGREEMENT AND PROMISSORY NOTE (this "Agreement"), is made thisal of
f , 2016, by and among SIMPLY FLOOR IT, LLC, a Texas limited liability company
(hereinafter known as "BORROWER") and the ANNA COMMUNITY DEVELOPMENT CORPORATION, a
corporation under the laws of the State of Texas (hereinafter known as "LENDER"). BORROWER and LENDER shall
collectively be known herein as "the Parties". In determining the rights and duties of the Parties under this
Agreement, the entire document must be read as a whole.
PROMISSORY NOTE
FOR VALUE RECEIVED, BORROWER promises to pay to the order of LENDER, the sum of $50,000.00 plus 2%
interest per annum, in 36 consecutive monthly installment payments, the first monthly installment payment being due
on March 1, 2019 and the last monthly installment payment being due on or before the 1� day of the 60th month
following the Effective Date, as set forth in further detail in the schedule attached hereto as Exhibit A. The first thirty-
five monthly payment amounts shall be $ IS and the final monthly payment amount shall be
$ ! 6-.2 ` . d'.S This Agreement is subject to the additional terms found below.
ADDITIONAL LOAN TERMS
The BORROWER and LENDER hereby further set forth their rights and obligations to one another under this
Agreement and Promissory Note and agree to be legally bound as follows:
A. Loan Payment Forgiveness. In the event that BORROWER can prove to LENDER to LENDER'S
reasonable satisfaction that as of December 1, 2018 borrower has created three jobs and has generated
sales resulting in at least $10,000 in sales and use tax having been collected by the City of Anna, the
obligation of BORROWER to pay any sums under this Agreement shall be forgiven and this Agreement shall
expire; provided, however, that if BORROWER fails to fully provide such proof to Lender on or before
February 28, 2019, then this paragraph shall not apply and BORROWER must pay the sums to LENDER in
accordance with this Agreement. Said jobs must be full time job positions held by individuals working in
BORROWER'S offices or facilities in Anna, Texas, and all of said sales and use tax must have been
generated by sales or use in Anna, Texas. BORROWER shall timely provide, at BORROWER'S expense,
detailed proof of the jobs created and sales and use tax paid to the City of Anna in form and substance
reasonably satisfactory to LENDER.
B. Demand by LENDER. This Agreement is a demand note under which BORROWER is required to repay in
full the entire outstanding Loan Balance within 15 days of receiving a written demand from LENDER for full
repayment of the Loan Balance. Delivery of written notice by LENDER to BORROWER via U.S. Postal
Service Certified Mail shall constitute prima facie evidence of delivery. For mailing of said notice, LENDER
shall use BORROWER'S address as stated below in the portion of this Agreement regarding default.
C. Method of Loan Payment. The BORROWER shall make all payments called for under this Agreement by
sending check or other negotiable instrument made payable to the following entity at the address indicated
here:
Anna Community Development Corporation
111 N. Powell Parkway
Anna, Texas 75409
LOAN AGREEMENT AND PROMISSORY NOTE Page 1 of 4
BORROW shall deliver all other notices required under this Agreement to LENDER at the above address. If
LENDER gives written notice to BORROWER that a different address shall be used for making payments or
providing notices under this Agreement, BORROWER shall use the new address so given by LENDER.
D. Restriction on dividend payments. Dividends may not be paid that would cause the BORROWER to be
unable to meet all of its financial obligations, including payments under this Agreement.
E. Limitations on compensation of officers and owners. The BORROWER'S owners and officers may be
compensated only to the extent that this compensation does not materially jeopardize the financial strength
of the BORROWER or cause the BORROWER to be unable to meet all of its financial obligations.
F. Prohibition against assuming liabilities or obligations of others. The BORROWER will not assume the
liabilities or obligations of others without prior written consent of the LENDER.
G. Restrictions concerning consolidations and mergers. The BORROWER will not undertake any
consolidations or mergers without prior written consent of the LENDER, unless any such consolidation or
merger is accomplished in accordance with the terms of a certain agreement entered into between the Anna
Economic Development Corporation and BORROWER and captioned Economic Development Incentive
Grant for Capital Investment Performance Agreement (hereinafter referenced as "EDC Performance
Agreement").
H. Limitations on selling the business. The BORROWER will not sell the business without the prior written
consent of the LENDER.
Default. The occurrence of any of the following events shall constitute a Default by the BORROWER of the
terms of this Agreement:
1. BORROWER'S failure to pay any amount due as principal or interest on the date required under this
Agreement;
2. BORROWER seeks an order of relief under the Federal Bankruptcy laws;
3. BORROWER becomes insolvent;
4. A federal tax lien is filed against the assets of the BORROWER; or,
5. A violation by BORROWER of any of the restrictions, prohibitions or requirements set forth in
paragraphs BA., above.
J. Additional Provisions Regarding Default:
1. Addressee and Address to which LENDER is to give BORROWER written notice of default:
SIMPLY FLOOR IT, Inc.
9981 Slater Creek Rd
Anna, Texas 75409
If BORROWER gives written notice to LENDER in accordance with this Agreement that a different
address shall be used, LENDER shall use that address for giving notice of default (or any other
notice called for herein) to BORROWER.
2. Cure of Default. Upon default, LENDER shall give BORROWER written notice of default. Mailing of
written notice by LENDER to BORROWER via U.S. Postal Service Certified Mail shall constitute
prima facie evidence of delivery. BORROWER shall have 15 days after receipt of a written notice of
default from LENDER to cure said default. In the case of default due solely to BORROWER'S failure
to make timely payment as called for in this Agreement, BORROWER may cure the default by
making full payment of any principal and accrued interest (including interest on these amounts)
LOAN AGREEMENT AND PROMISSORY NOTE Page 2 of 4
whose payment to LENDER is overdue under this Agreement and, also, the late payment fee
described below.
3. Fee for Late Payment. There shall also be imposed upon BORROWER a 2% fee for any late
payment computed upon the amount of any principal and accrued interest whose payment to
LENDER is overdue under this Agreement and for which LENDER has delivered a notice of default
to BORROWER. For example, if the Agreement calls for monthly payments of $500 upon the first
day of each month and BORROWER fails to make timely payment of said amount, BORROWER
(after a default notice is sent by LENDER) shall be liable to LENDER for a penalty of $10 (i.e., $500
x 2%) and, to cure the default, the BORROWER must pay to LENDER the overdue Loan Balance of
$500, interest upon the overdue Loan Balance, and a late fee of $10.
4. Acceleration. If the BORROWER fails to cure any default on or before the expiration of the fifteen
(15) day cure period that starts on the date BORROWER receives written notice from LENDER that
an event of default has occurred under this Agreement, the entire unpaid principal, accrued interest,
and late fees under this Agreement shall accelerate and become due and payable immediately.
K. Parties that are not individuals. If any Party to this Agreement is other than an individual (i.e., a
corporation, a Limited Liability Company, a Partnership, or a Trust), said Party, and the individual signing on
behalf of said Party, hereby represents and warrants that all steps and actions have been taken under the
entity's governing instruments to authorize the entry into this Agreement. Breach of any representation
contained in this paragraph is considered a material breach of this Agreement.
L. Integration. This Agreement, including the attachments mentioned in the body as incorporated by reference,
sets forth the entire agreement between Parties with regard to the subject matter hereof. All other prior
agreements, representations and warranties, express or implied, oral or written, with respect to the subject
hereof, are hereby superseded by this Agreement.
M. Severability. In the event any provision of this Agreement is deemed to be void, invalid, or unenforceable,
that provision shall be severed from the remainder of this Agreement so as not to cause the invalidity or
unenforceability of the remainder of this Agreement. All remaining provisions of this Agreement shall then
continue in full force and effect. If any provision shall be deemed invalid due to its scope or breadth, such
provision shall be deemed valid to the extent of the scope and breadth permitted by law.
N. Modification. Except as otherwise provided in this document, this Agreement may be modified, superseded,
or voided only upon the written and signed agreement of the Parties. Further, the physical destruction or loss
of this document shall not be construed as a modification or termination of the agreement contained herein.
O. Exclusive Jurisdiction for Suit in Case of Breach. The Parties, by entering into this Agreement, submit to
jurisdiction in Collin County, Texas for adjudication of any disputes and/or claims between the Parties under
this Agreement. Furthermore, the Parties hereby agree that the courts of Collin County, Texas shall have
exclusive jurisdiction and venue over any disputes between the Parties relative to this Agreement, whether
said disputes sounds in contract, tort, or other areas of the law.
P. State Law. This Agreement shall be interpreted under, and governed by, the laws of the State of Texas.
IN WITNESS WHEREOF and acknowledging acceptance and agreement of the foregoing, BORROWER and
LENDER affix their signatures hereto.
404A--,
LOAN AGREEMENT AND PROMISSORY NOTE Page 3 of 4
SIMPLY FLOOR IT, LLC
By: % 6
Andrea Means Henry
THE STATE OF TEXAS
COUNTY OF COLLIN
LENDER
Anna Community Development Corporation
By: Lw
ATTEST:
BEFORE ME, a Notary Public in and for the State of Texas, on this day personally appeared Andrea Means Henry
known to me to be the person and officer whose name is subscribed to the foregoing instrument and acknowledged to
me that she executed same for the purposes and consideration therein expressed and in the capacity therein stated.
GIVEN UNDER MY HAND AND SEAL OF OFFICE this the -f:2 ay of 2016.
KYNDAL BARBAY
Notary Public. State of Texas
My Commission Expires
—May 21, 2019
Notary Public in and for The Sta'tejf Texas
LOAN AGREEMENT AND PROMISSORY NOTE Page 4 of 4
v}}AA! �.Uflt
f .: ne
t
EXHIBIT A
LOAN REPAYMENT SCHEDULE
PAYMENT DUE DATE
AMOUNT DUE
March 1, 2019
$1,527.77
April 1, 2019
$1,527.77
May 1, 2019
$1,527.77
June 1, 2019
$1,527.77
July 1, 2019
$1,527.77
August 1, 2019
$1,527.77
September 1, 2019
$1,527.77
October 1, 2019
$1,527.77
November 1, 2019
$1,527.77
December 1, 2019
$1,527.77
January 1, 2020
$1,527.77
February 1, 2020
$11527.77
March 1, 2020
$1,527.77
April 1, 2020
$1,527.77
May 1, 2020
$1,527.77
June 1, 2020
$1,527.77
July 1, 2020
$1,527.77
August 1, 2020
$1,527.77
September 1, 2020
$1,527.77
October 1, 2020
$1,527.77
November 1, 2020
$1,527.77
December 1, 2020
$1,527.77
January 1, 2021
$1,527.77
February 1, 2021
$1,527.77
March 1, 2021
$1,527.77
April 1, 2021
$1,527.77
May 1, 2021
$1,527.77
June 1, 2021
$1,527.77
July 1, 2021
$1,527.77
August 1, 2021
$1,527.77
September 1, 2021
$1,527.77
October 1, 2021
$1,527.77
November 1, 2021
$1,527.77
December 1, 2021
$11527.77
January 1, 2022
$1,527.77
February 1, 2022
$1,528.05
0
THE CITY OF
ia
W" C D C
G R 0 U N D DR E A K I N
PO 5 S 1 B 1 LIT I E 5
ATHE CIta
TY OF
[lot
wFDC
GR0U N D R R E A F{I NG
P O S S I B I L I T I E S
AGENDA ITEM:
Item No. 11.
EDC/CDC Agenda
Staff Report
Meeting Date: 2/4/2021
Staff Contact:
Consider/Discuss/Act on a resolution amending the 2020-2021 Fiscal Year
Budget by carrying forward unexpended promotional funds in the amount of
$53,595.94. (CDC)
SUMMARY:
Similar to last year, staff is requesting to carry forward the marketing/promotion funds
that were budgeted but not used in FY 2020. These funds will be used to carry out the
marketing plan that was developed by Cooksey Communications. The total amount
being carried forward for the CDC is $53,595.94.
STAFF RECOMMENDATION:
Motion on behalf of the CDC to approve a resolution amending the FY 2020-2021
Budget by carrying forward unexpended promotional funds in the amount of
$53,595.94.
ATTACHMENTS:
1. CDC Budget Amendment
2. EDC and CDC as of September 30 2020
3. Exhibit A --CDC Budget
ANNA COMMUNITY DEVELOPMENT CORPORATION
RESOLUTION NO.
A RESOLUTION OF THE ANNA COMMUNITY DEVELOPMENT CORPORATION
REGARDING THE APPROVAL OF AND AUTHORITY TO AMEND THE 2020-2021
FISCAL YEAR BUDGET BY CARRYING FORWARD UNEXPENDED PROMOTIONAL
FUNDS IN THE AMOUNT OF $53,595.94.
WHEREAS, effective October 1, 2020, the Anna Community Development Corporation
(the "CDC'), with the approval of the City of Anna City Council, approved its current fiscal
year budget; and
WHEREAS, the CDC seeks to make one or more line item amendments to its budget
due to additional funds being needed in the promotion line item (89-825-6735).
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. Adoption of Amendment to the Current Fiscal Year Budget
The CDC Board of Directors hereby approves amending the Anna Community
Development Corporation current fiscal year budget as set forth in Exhibit A, amended
budget, attached hereto and incorporated herein for all purposes as if set forth in full. The
Board further directs that this amendment to the current fiscal year budget be submitted
to the City of Anna City Council for approval.
PASSED AND APPROVED by the Anna Community Development Corporation this 4th day
of February 2021.
APPROVED:
Anthony Richardson,
CDC President
ATTEST:
Rocio Gonzalez,
CDC Secretary
Exhibit A
City of Anna
121212020 10:13am Statement of Revenue and Expenditures Page 1
Revised Budget
For the Fiscal Period 2020-12 Ending September 30, 2020
Current
Current
Annual
YTD
Remaining
Account Number
Budget
Actual
Budget
Actual
Budget %
Community Development Corporation
Community Development Corporation
Revenues
89-825-5225
Sales Tax Revenue - General
0.00
377,079.38
1,137,630.00
1,362,790.52
(19.79%)
89-825-5329
Donations
0.00
27.00
0.00
183.00
0.00%
89-825-5499
Miscellaneous Revenue
0.00
0.00
0.00
0.00
0.00%
89-825-5530
Interest Revenue
0.00
489.33
11,140.00
11,588.18
(4.02%)
89-825-5800
Transfers In
0.00
0.00
0.00
0.00
0.00%
89-825-5840
Bond Proceeds
0.00
0.00
0.00
0.00
0.00%
Total Revenues
0.00
377,595.71
1,148,770.00
1,374,561.70
(19.66%)
Expenditures
89-825-6101
Salaries
0.00
9,920.96
81,216.00
73,472.67
9.53%
89-825-6114
Payroll Taxes -City Part FICA
0.00
542.12
6,221.00
5,542.91
10.90%
89-825-6121
Health Insurance
0.00
78.96
9,927.00
947.52
90.46%
89-825-6125
TMRS Retirement
0.00
1,007.69
12,035.00
10,408.19
13.52%
89-825-6126
Unemployment
0.00
0.00
250.00
144.00
42.40%
89-825-6127
Worker's Compensation
0.00
0.00
289.00
153.00
47.06%
89-825-6129
Miscellaneous Payroll
0.00
0.00
100.00
0.00
100.00%
89-825-6208
Office Supplies
0.00
465.79
2,000.00
1,159.13
42.04%
89-825-6209
Other Supplies - Misc.
0.00
273.67
4,500.00
1,329.88
70.45%
89-825-6210
Clothing Supplies
0.00
546.00
1,000.00
1,454.00
(45.40%)
89-825-6212
Postage
0.00
0.00
100.00
0.00
100.00%
89-825-6299
IT Supplies
0.00
0.00
0.00
0.00
0.00%
89-825-6700
Economic Development Grant Expense
0.00
0.00
366,585.00
284,432.81
22.41%
89-825-6703
Contract Services
0.00
35,266.23
127,354.00
124,131.73
2.53%
89-825-6710
Travel/Training Expense
0.00
750.00
26,900.00
14,141.77
47.43%
89-825-6722
Insurance - Property & Liability
0.00
0.00
3,500.00
3,500.00
0.00%
89-825-6731
Public Notices - Advertising
0.00
36.70
250.00
36.70
85.32%
89-825-6735
Promotion Expense
0.00
10,695.00
82,097.00
28,501.06
65.28%
89-825-6753
Legal Expense
0.00
828.50
16,500.00
7,239.81
56.12%
89-825-6755
Audit Expense
0.00
0.00
3,500.00
3,389.15
3.17%
89-825-6756
Engineering
0.00
0.00
2,500.00
0.00
100.00%
89-825-6761
Dues, Publications & Licenses
0.00
150.00
5,370.00
3,179.33
40.79%
89-825-6783
Telecom
0.00
0.00
700.00
0.00
100.00%
89-825-6789
Debt -Service Principal
0.00
0.00
215,000.00
215,000.00
0.00%
89-825-6790
Interest Expense
0.00
0.00
110,876.00
110,901.00
(0.02%)
89-825-6795
Bond Fees
0.00
0.00
0.00
0.00
0.00%
89-825-6799
Other Services - Misc.
0.00
0.00
70,000.00
71,152.50
(1.65%)
89-825-6901
Construction in Progress
0.00
0.00
0.00
0.00
0.00%
89-825-6911
Machinery & Equipment
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%
89-825-8900
Other Financing Use - Debt Refundings
0.00
0.00
0.00
0.00
0.00%
89-825-9800
Transfers Out
0.00
0.00
0.00
0.00
0.00%
Total Expenditures
0.00
(60,561.62)
(1,148,770.00)
(960,217.16)
16.41%
Total Community Development Corporation
0.00
317,034.09
0.00
414,344.54
0.00%
City of Anna
121212020 10:13am Statement of Revenue and Expenditures Page 3
Revised Budget
For the Fiscal Period 2020-12 Ending September 30, 2020
Current
Current
Annual
YTD
Remaining
Account Number
Budget
Actual
Budget
Actual
Budget %
Economic Development Corporation
Economic Development Corporation
Revenues
90-826-5350 Rental
0.00
1,622.35
10,776.00
10,243.06
4.95%
90-826-5491 Gain on sales of Assets
0.00
0.00
0.00
0.00
0.00%
90-826-5499 Miscellaneous Revenue
0.00
0.00
3,000.00
1,500.00
50.00%
90-826-5530 Interest Revenue
0.00
208.75
3,996.00
6,922.01
(73.22%)
90-826-5800 Transfers In
0.00
0.00
0.00
0.00
0.00%
90-826-5853 Other Financial Source from Notes Pay
0.00
0.00
0.00
0.00
0.00%
Total Revenues
0.00
1,831.10
17,772.00
18,665.07
(5.03%)
Expenditures
90-826-6209 Other Supplies - Misc.
0.00
0.00
0.00
1,329.47
0.00%
90-826-6210 Clothing Supplies
0.00
0.00
0.00
0.00
0.00%
90-826-6212 Postage
0.00
0.00
0.00
0.00
0.00%
90-826-6303 Maint. & Repair - Buildings
0.00
0.00
5,000.00
33.00
99.34%
90-826-6703 Contract Services
0.00
3,654.29
168,680.00
129,690.44
23.11%
90-826-6708 IT Support Services
0.00
0.00
2,500.00
254.12
89.84%
90-826-6722 Insurance - Property & Liability
0.00
0.00
1,050.00
1,050.00
0.00%
90-826-6735 Promotion Expense
0.00
0.00
30,000.00
0.00
100.00%
90-826-6753 Legal Expense
0.00
135.00
7,500.00
4,386.28
41.52%
90-826-6755 Audit Expense
0.00
0.00
3,500.00
3,389.15
3.17%
90-826-6780 Electricity
0.00
445.57
2,850.00
3,567.21
(25.17%)
90-826-6781 Gas - Natural/Propane
0.00
10.99
1,050.00
754.48
28.14%
90-826-6782 City Utilities Water/Sewer/Trash
0.00
0.00
1,800.00
816.61
54.63%
90-826-6783 Telecom
0.00
155.61
1,800.00
1,707.99
5.11%
90-826-6799 Other Services - Misc.
0.00
0.00
0.00
0.00
0.00%
90-826-6901 Construction in Progress
0.00
0.00
0.00
0.00
0.00%
90-826-6931 Land & Improvements
0.00
0.00
0.00
0.00
0.00%
90-826-9800 Transfers Out
0.00
0.00
0.00
0.00
0.00%
Total Expenditures
0.00
(4,401.46)
(225,730.00)
(146,978.75)
34.89%
Total Economic Development Corporation
0.00
(2,570.36)
(207,958.00)
(128,313.68)
38.30%
Total Economic Development Corporation
0.00
(2,570.36)
(207,958.00)
(128,313.68)
38.30%
ETAILED_LINE-ITEMS
89-825E
fITV ni: amma
FUND DEPARTMENT DIVISION
89 COMMUNITY DEVELOPMENT CDC 89-825E 825
2019
2020
2020
2021
LINE ITEMS
%CHANGE
ACTUAL
BUDGET
ESTIMATED
PROPOSED
6101 SALARIES
$47,761
$81,216
$70,500
$91,325
12.40%
6114 PAYROLL TAXES -CITY PART FICA
$3,620
$6,221
$6,100
$6,986
12.30%
6121 HEALTH INSURANCE
$4,733
$9,927
$1,300
$9,927
0%
6125 TMRS RETIREMENT
$6,973
$12,035
$9,991
$12,986
8%
6126 UNEMPLOYMENT
$18
$250
$250
$250
0%
6127 WORKERS COMPENSATION
$116
$289
$289
$411
42%
6129 MISCELLANEOUS PAYROLL
$100
$100
0
$100
0%
PAYROLL
$63,320
$110,038
$88,430
$121,985
11%
6208 OFFICE SUPPLIES
$1,155
$2,000
$2,000
$2,000
0.00%
basic needs
6209 OTHER SUPPLIES - MISC.
$3,101
$4,500
$4,000
$4,000
-11%
meals, meeting supplies, etc.
6210 CLOTHING SUPPLIES
$0
$1,000
$1,000
$1,000
0.00%
shirts with logos
6212 POSTAGE
$13
$100
$100
$100
0.00%
mailing bills, etc..
SUPPLIES
$6,565
$7,600
$7,100
$7,100
-6.60%
6303 MAINT. AND REPAIR - BUILDINGS
$0
$0
$0
$0
0.00%
MAINTENANCE
$0
$0
$0
$0
0.00%
6700 ECONOMIC DEVELOPMENT GRANT EXPENSE
$224,902
$366,585
$366,585
$442,960
20.70%
Downtown/Targeted Area Economic
$0
$78,900
$78,900
$100,000
26.70%
Development Grants
Sales Tax Reimbursement agreement with Chief
$224,902
$287,685
$287,685
$342,960
19.20%
Partners Phase 1
6703 CONTRACT SERVICES
$67,528
$127,354
$117,354
$173,974
36.60%
CDC agreement with City Finance and
$4,000
$4,000
$4,000
0%
Accounting Services
Retail/Restaurant/Entertainment Attraction Plan
$0
$35,000
Marketing/Tagline Plan Agreement
$0
$20,000
CDC Cost Share of IT and McLain Budgeting
$800
$800
$800
0%
Software
Chamber/CDC Contract
$42,000
$42,000
$42,000
0.00%
Continuing Disclosure Report Fees (Revenue
$1,500
$1,500
$1,500
0%
Bonds)
Contract Services for Downtown Plan/TIRZ
$60,000
$50,000
$45,000
-25%
Creation
Housing Study Updates
$1,750
$1,750
$1,750
0%
Impact Data Source (Third Party Economic
$5,400
$5,400
$5,724
6%
Impact Tool)
Loop Net Business Park Listing
$630
$414
$0
Placer Al
$6,000
$6,000
$6,000
0%
Real Massive to replace Xcelligent
$2,250
$2,250
$2,250
0%
Website Property Database Platform
$3,240
$3,240
$6,950
115%
6722 INSURANCE - PROPERTY AND LIABILITY
$3,500
$3,500
$0
$3,500
0.00%
Insurance for the Business park Property - since
there is no building on this property it does not
need coverage
6731 PUBLIC NOTICES - ADVERTISING
$37
$250
$250
$250
0.00%
publish notices,
6735 PROMOTION EXPENSE
$106,444
$82,097
$80,000
$93,000
13.30%
Promotional Materials - Print Ads, other
sponsorship opportunities, magazines, displays,
billboards, etc.
6753 LEGAL EXPENSE
$14,047
$16,500
$13,500
$14,000
-15%
Legal services
6755 AUDIT EXPENSE
$2,338
$3,500
$6,000
$6,000
71.40%
CPA services - audit, 990, 1099s
6756 ENGINEERING
$270
$2,500
$0
$1,500
-40%
Engineering
6761 DUES, PUBLICATIONS, PERMITS AND LICENSES
$2,186
$5,370
$5,300
$4,670
-13.00%
Professional Dues - ICSC, DBJ, TCMA/ICMA,
TEDC, IEDC, NAIOP
6782 CITY UTILITIES WATER/SEWER/TRASH
$0
$0
$0
$0
0.00%
6783 TELECOM
$0
$700
$700
$700
0%
Cell phone for Director
6789 DEBT -SERVICE PRINCIPAL
$210,000
$215,000
$215,000
$225,000
5%
2016 Debt service on business park
$150,000
$130,000
-13.30%
Bond Debit Series B - Slayter Creek Park Phase II
$90,000
$95,000
6%
6790INTEREST EXPENSE
$116,883
$110,876
$110,606
$104,251
-6%
2016 Debt service on business park
$63,581
$60,278
-5.20%
Series 2012 B 1.6 Million Note for Slayter Creek
$47,025
$43,973
-6.50%
Park
6799 OTHER SERVICES - MISC.
$46,174
$70,000
$70,000
$90,000
29%
Cost Allocation to pay a portion of salary/
benefits for the EDC Director
6710 TRAVEL/TRAINING EXPENSE
$
26,900
$11,442
$25,250
-5%
Bisnow Events
$
$1,000
Basic Economic Development Course for ED
$1,700
$700
$1,000
-41%
Manager
ICSC ReCON (Four People)
$9,200
$2,720
$7,500
-18.50%
ICSC Red River
$4,500
$4,000
$4,500
0%
IEDC Annual Conference
$1,300
$1,700
$2,000
54%
TCMA Annual Conference
$500
$2,000
Mileage Reimbursement for ED Manager
$1,200
$500
$750
-37.50%
NAIOP Event
$3,000
$0
$3,000
0%
Sales Tax Training
$2,500
$0
$500
-80%
TEDC Annual Conference (2 People)
$3,000
$750
$3,000
0%
SERVICES
$790,808
$1,031,132
$1,001,737
$1,182,055
15.00%
6912 BOND COST
$0
$0
$0
$0
0.00%
6921 BUILDINGS AND IMPROVEMENTS
$0
$0
$0
$0
0.00%
6941 OTHER CAPITAL EXPENDITURES
$0
$0
$0
$0
0.00%
CAPITAL EXPENDITURES
$0
$0
$0
$0
0.00%
8900 OTHER FINANCING USE - DEBT REFUNDINGS
$0
$0
$0
$0
0.00%
9800 TRANSFERS OUT
$0
$0
$0
$0
0.00%
9812 TRANSFERS OUT - GENERAL FUND
$0
$0
$0
$0
0.00%
OTHER USES OF FUNDS
$0
$0
$0
$0
0.00%
TOTAL 825
$860,693
$1,148,770
$1,097,267
$1,311,140
14.10%
A:i
HE CITY OF
na
W" C D C
G R 0 U N D DR E A K I N
PO SS 1 B 1 LIT I E 5
ATHE CIta
TY OF
[lot
EDC
GR0U N D R R E A F{I NG
P O S S I B I L I T I E S
AGENDA ITEM:
Item No. 12.
EDC/CDC Agenda
Staff Report
Meeting Date: 2/4/2021
Staff Contact:
Consider/Discuss/Act on a resolution amending the 2020-2021 Fiscal Year
Budget by carrying forward unexpended promotional funds in the amount of
$30,000. (EDC)
SUMMARY:
Similar to last year, staff is requesting to carry forward the marketing/promotion funds
that were budgeted but not used in FY 2020. These funds will be used to carry out the
marketing plan that was developed by Cooksey Communications. The total amount
being carried forward for the EDC is $30,000.
STAFF RECOMMENDATION:
Motion on behalf of the EDC to approve a resolution amending the FY 2020-2021
Budget by carrying forward unexpended promotional funds in the amount of $30,000.
ATTACHMENTS:
1. EDC Budget Amendment 2012021
2. Exhibit A--EDC Budget
3. EDC and CDC as of September 30 2020
ANNA ECONOMIC DEVELOPMENT CORPORATION RESOLUTION
NO. 2.01.2021
A RESOLUTION OF THE ANNA ECONOMIC DEVELOPMENT CORPORATION
REGARDING THE APPROVAL OF AND AUTHORITY TO AMEND THE 2020-2021
FISCAL YEAR BUDGET BY CARRYING FORWARD UNEXPENDED PROMOTIONAL
FUNDS IN THE AMOUNT OF $30,000.
WHEREAS, effective October 1, 2020, the Anna Economic Development Corporation
(the "EDC"), with the approval of the City of Anna City Council, approved its current fiscal
year budget; and
WHEREAS, the EDC seeks to make one or more line item amendments to its budget
due to additional funds being needed in the promotion line item (90-826-6735).
NOW THEREFORE, BE IT RESOLVED BY THE ANNA ECONOMIC
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. Adoption of Amendment to the Current Fiscal Year Budget
The EDC Board of Directors hereby approves amending the Anna Economic
Development Corporation current fiscal year budget as set forth in Exhibit A, amended
budget, attached hereto and incorporated herein for all purposes as if set forth in full. The
Board further directs that this amendment to the current fiscal year budget be submitted
to the City of Anna City Council for approval.
PASSED AND APPROVED by the Anna Economic Development Corporation this 4t" day
of February 2021.
APPROVED: ATTEST:
Anthony Richardson,
EDC President
Rocio Gonzalez,
EDC Secretary
ETAILED_LINE-ITEMS
90-826E
fITV InF ONNA
FUND DEPARTMENT DIVISION
90 ECONOMIC DEVELOPMENT EDC 90-826E 826
2019
2020
2020
2021
LINE ITEMS
% CHANGE
ACTUAL
BUDGET
ESTIMATED
PROPOSED
6208 OFFICE SUPPLIES
$0
$0
$0
$0
0.00%
6209 OTHER SUPPLIES - MISC.
$446
$0
$1,200
$0
0%
meals for meetings, coffee meetings,
lunches, office etc...
papertowel, toilet paper, coffee etc..
6210 CLOTHING SUPPLIES
$0
$0
$0
$0
0.00%
6212 POSTAGE
$0
$0
$0
$0
0.00%
SUPPLIES
$446
$0
$1,200
$0
0%
6303 MAINT. AND REPAIR - BUILDINGS
$3,974
$5,000
$1,500
$3,000
-40%
Mlsc building Maintanence and Repairs -
312 N Powell
MAINTENANCE
$3,974
$5,000
$1,500
$3,000
-40%
6703 CONTRACT SERVICES
$25,427
$168,680
$166,819
$75,800
-55.00%
Business Park
$45,000
$60,000
Janitorial
$2,600
$2,800
Mowing and Landscaping -312 North Powell
$2,500
$2,700
Pkwy
Pest Control
$480
$600
Ricoh Printer
$2,000
$3,000
Inc -cube Renovation Project
$108,939
Security Services
$5,300
$6,700
6708 IT SUPPORT SERVICES
$2,033
$2,500
$750
$750
-70%
Isogent Services
6710 TRAVEL/TRAINING EXPENSE
$500
$0
$0
$0
0.00%
6722 INSURANCE - PROPERTY AND LIABILITY
$955
$1,050
$1,050
$1,050
0%
TMIRP ID N74, EDC Building at 312 N Powell
Texas Municipal League Intergovernmental
Risk Pool Property and Liability Coverage
figured at a 12% increase. FY17 had a 16%
increase. FY18 had an increase of 5.5%.
FY19 had an increase of 10%
6735 PROMOTION EXPENSE
$2,718
$30,000
$0
$0
6753 LEGAL EXPENSE
$7,398
$7,500
$7,500
$7,500
0%
Iegalfees
6755 AUDIT EXPENSE
$2,338
$3,500
$4,000
$5,000
43%
CPA Services - Audit, 1099 form 990
6756 ENGINEERING
$0
$0
$0
$0
0.00%
6761 DUES, PUBLICATIONS, PERMITS AND
$0
$0
$0
$0
0.00%
6780 ELECTRICITY
$3,307
$2,850
$2,700
$3,500
23%
Electric for 312 N. Powell Pkwy
6781 GAS - NATURAL/PROPANE
$899
$1,050
$1,050
$1,050
0%
Gas Atmos Service for 312 N. Powell Pkwy
6782 CITY UTILITIES WATER/SEWER/TRASH
$1,461
$1,800
$1,200
$0
$0
6783 TELECOM
$0
$1,800
$1,800
$2,000
11.10%
Internet service - 312 NNP
6789 DEBT -SERVICE PRINCIPAL
$0
$0
$0
$0
0.00%
6790 INTEREST EXPENSE
$0
$0
$0
$0
0.00%
6799 OTHER SERVICES - MISC.
$0
$0
$0
$0
0.00%
SERVICES
$30,122
$220,730
$187,619
$96,650
-56.00%
6931 LAND AND IMPROVEMENTS
$0
$0
$0
$0
0.00%
6941 OTHER CAPITAL EXPENDITURES
$43,382
$0
$0
$0
0.00%
Based on YTD actuals
$0
$0
CAPITAL EXPENDITURES
$43,382
$0
$0
$0
0.00%
9800 TRANSFERS OUT
$0
$0
$0
$0
0.00%
OTHER USES OF FUNDS
$0
$0
$0
$0
0.00%
TOTAL 826
$50,966
$225,730
$190,319
$99,650
-56.00%
Exhibit A
City of Anna
121212020 10:13am Statement of Revenue and Expenditures Page 1
Revised Budget
For the Fiscal Period 2020-12 Ending September 30, 2020
Current
Current
Annual
YTD
Remaining
Account Number
Budget
Actual
Budget
Actual
Budget %
Community Development Corporation
Community Development Corporation
Revenues
89-825-5225
Sales Tax Revenue - General
0.00
377,079.38
1,137,630.00
1,362,790.52
(19.79%)
89-825-5329
Donations
0.00
27.00
0.00
183.00
0.00%
89-825-5499
Miscellaneous Revenue
0.00
0.00
0.00
0.00
0.00%
89-825-5530
Interest Revenue
0.00
489.33
11,140.00
11,588.18
(4.02%)
89-825-5800
Transfers In
0.00
0.00
0.00
0.00
0.00%
89-825-5840
Bond Proceeds
0.00
0.00
0.00
0.00
0.00%
Total Revenues
0.00
377,595.71
1,148,770.00
1,374,561.70
(19.66%)
Expenditures
89-825-6101
Salaries
0.00
9,920.96
81,216.00
73,472.67
9.53%
89-825-6114
Payroll Taxes -City Part FICA
0.00
542.12
6,221.00
5,542.91
10.90%
89-825-6121
Health Insurance
0.00
78.96
9,927.00
947.52
90.46%
89-825-6125
TMRS Retirement
0.00
1,007.69
12,035.00
10,408.19
13.52%
89-825-6126
Unemployment
0.00
0.00
250.00
144.00
42.40%
89-825-6127
Worker's Compensation
0.00
0.00
289.00
153.00
47.06%
89-825-6129
Miscellaneous Payroll
0.00
0.00
100.00
0.00
100.00%
89-825-6208
Office Supplies
0.00
465.79
2,000.00
1,159.13
42.04%
89-825-6209
Other Supplies - Misc.
0.00
273.67
4,500.00
1,329.88
70.45%
89-825-6210
Clothing Supplies
0.00
546.00
1,000.00
1,454.00
(45.40%)
89-825-6212
Postage
0.00
0.00
100.00
0.00
100.00%
89-825-6299
IT Supplies
0.00
0.00
0.00
0.00
0.00%
89-825-6700
Economic Development Grant Expense
0.00
0.00
366,585.00
284,432.81
22.41%
89-825-6703
Contract Services
0.00
35,266.23
127,354.00
124,131.73
2.53%
89-825-6710
Travel/Training Expense
0.00
750.00
26,900.00
14,141.77
47.43%
89-825-6722
Insurance - Property & Liability
0.00
0.00
3,500.00
3,500.00
0.00%
89-825-6731
Public Notices - Advertising
0.00
36.70
250.00
36.70
85.32%
89-825-6735
Promotion Expense
0.00
10,695.00
82,097.00
28,501.06
65.28%
89-825-6753
Legal Expense
0.00
828.50
16,500.00
7,239.81
56.12%
89-825-6755
Audit Expense
0.00
0.00
3,500.00
3,389.15
3.17%
89-825-6756
Engineering
0.00
0.00
2,500.00
0.00
100.00%
89-825-6761
Dues, Publications & Licenses
0.00
150.00
5,370.00
3,179.33
40.79%
89-825-6783
Telecom
0.00
0.00
700.00
0.00
100.00%
89-825-6789
Debt -Service Principal
0.00
0.00
215,000.00
215,000.00
0.00%
89-825-6790
Interest Expense
0.00
0.00
110,876.00
110,901.00
(0.02%)
89-825-6795
Bond Fees
0.00
0.00
0.00
0.00
0.00%
89-825-6799
Other Services - Misc.
0.00
0.00
70,000.00
71,152.50
(1.65%)
89-825-6901
Construction in Progress
0.00
0.00
0.00
0.00
0.00%
89-825-6911
Machinery & Equipment
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%
89-825-8900
Other Financing Use - Debt Refundings
0.00
0.00
0.00
0.00
0.00%
89-825-9800
Transfers Out
0.00
0.00
0.00
0.00
0.00%
Total Expenditures
0.00
(60,561.62)
(1,148,770.00)
(960,217.16)
16.41%
Total Community Development Corporation
0.00
317,034.09
0.00
414,344.54
0.00%
City of Anna
121212020 10:13am Statement of Revenue and Expenditures Page 3
Revised Budget
For the Fiscal Period 2020-12 Ending September 30, 2020
Current
Current
Annual
YTD
Remaining
Account Number
Budget
Actual
Budget
Actual
Budget %
Economic Development Corporation
Economic Development Corporation
Revenues
90-826-5350 Rental
0.00
1,622.35
10,776.00
10,243.06
4.95%
90-826-5491 Gain on sales of Assets
0.00
0.00
0.00
0.00
0.00%
90-826-5499 Miscellaneous Revenue
0.00
0.00
3,000.00
1,500.00
50.00%
90-826-5530 Interest Revenue
0.00
208.75
3,996.00
6,922.01
(73.22%)
90-826-5800 Transfers In
0.00
0.00
0.00
0.00
0.00%
90-826-5853 Other Financial Source from Notes Pay
0.00
0.00
0.00
0.00
0.00%
Total Revenues
0.00
1,831.10
17,772.00
18,665.07
(5.03%)
Expenditures
90-826-6209 Other Supplies - Misc.
0.00
0.00
0.00
1,329.47
0.00%
90-826-6210 Clothing Supplies
0.00
0.00
0.00
0.00
0.00%
90-826-6212 Postage
0.00
0.00
0.00
0.00
0.00%
90-826-6303 Maint. & Repair - Buildings
0.00
0.00
5,000.00
33.00
99.34%
90-826-6703 Contract Services
0.00
3,654.29
168,680.00
129,690.44
23.11%
90-826-6708 IT Support Services
0.00
0.00
2,500.00
254.12
89.84%
90-826-6722 Insurance - Property & Liability
0.00
0.00
1,050.00
1,050.00
0.00%
90-826-6735 Promotion Expense
0.00
0.00
30,000.00
0.00
100.00%
90-826-6753 Legal Expense
0.00
135.00
7,500.00
4,386.28
41.52%
90-826-6755 Audit Expense
0.00
0.00
3,500.00
3,389.15
3.17%
90-826-6780 Electricity
0.00
445.57
2,850.00
3,567.21
(25.17%)
90-826-6781 Gas - Natural/Propane
0.00
10.99
1,050.00
754.48
28.14%
90-826-6782 City Utilities Water/Sewer/Trash
0.00
0.00
1,800.00
816.61
54.63%
90-826-6783 Telecom
0.00
155.61
1,800.00
1,707.99
5.11%
90-826-6799 Other Services - Misc.
0.00
0.00
0.00
0.00
0.00%
90-826-6901 Construction in Progress
0.00
0.00
0.00
0.00
0.00%
90-826-6931 Land & Improvements
0.00
0.00
0.00
0.00
0.00%
90-826-9800 Transfers Out
0.00
0.00
0.00
0.00
0.00%
Total Expenditures
0.00
(4,401.46)
(225,730.00)
(146,978.75)
34.89%
Total Economic Development Corporation
0.00
(2,570.36)
(207,958.00)
(128,313.68)
38.30%
Total Economic Development Corporation
0.00
(2,570.36)
(207,958.00)
(128,313.68)
38.30%
A:i
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G R 0 U N D DR E A K I N
PO SS 1 B 1 LIT I E 5
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GR0U N D R R E A F{I NG
P O S S I B I L I T I E S
AGENDA ITEM:
Item No. 13.
EDC/CDC Agenda
Staff Report
Meeting Date: 2/4/2021
Staff Contact:
Consider/Discuss/Act on a resolution approving an agreement with Cooksey
Communications for marketing and public relations services. (CDC)
SUMMARY:
Now that the CDC has the marketing plan and approved tagline, the next step is to
execute the plan by having a social and digital media campaign developed, creation of
marketing brochures, website updates, and other marketing/public relations services.
Cooksey Communications has done an outstanding job of helping us get to this point
and this Agreement continues that partnership. The Agreement will last through the
remainder of FY 2021.
STAFF RECOMMENDATION:
Motion on behalf of CDC to approve a resolution approving an Agreement with
Cooksey Communications not to exceed $50,000 from the CDC's promotional line item
and authorizing the Board President to execute the Agreement.
ATTACHMENTS:
1. Marketing Resolution
2. Exhibit A
3. Anna CDC Summary of Services.final
ANNA COMMUNITY DEVELOPMENT CORPORATION
RESOLUTION NO.
A RESOLUTION OF THE ANNA COMMUNITY DEVELOPMENT CORPORATION
APPROVING AND AUTHORIZING AN AGREEMENT AND THE EXPENDITURE OF
FUNDS FOR MARKETING AND PROMOTIONAL PURPOSES
WHEREAS, the Anna Community Development Corporation (the "CDC") wishes to
expend funds for marketing and promotional purposes to provide website updates,
marketing and public relations consulting services, advertising campaign, development
of brochures and other marketing collateral, and digital and social media campaigns.
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 Funding
The CDC hereby authorizes the Board President to execute a contract for marketing,
advertising, and promotional services and to charge the CDC's promotional line item in
an amount not to exceed $50,000 in the Fiscal Year 2020-2021 for marketing and
promotional services for community and economic development purposes.
PASSED AND APPROVED by the Anna Community Development Corporation this 4t"
day of February 2021.
APPROVED:
Anthony Richardson, CDC President
ATTEST:
Rocio Gonzalez, CDC Secretary
LETTER OF AGREEMENT
THIS AGREEMENT ("Agreement") is effective as of February 4, 2021, (the "Effective Date") by and
between Cooksey Communications, Inc., a Texas corporation ("Cooksey" or "Contractor") whose
address is 5525 N. MacArthur Blvd., Suite 530, Irving, Texas 75038; and the Anna Community
Development Corporation ("Client"), whose office address is 312 N. Powell Pkwy, Anna, Texas 75409.
Cooksey and Client are sometimes referred to in this Agreement individually as "Party" or collectively as
"Parties."
Client desires to retain Cooksey as an independent contractor to provide strategic communications and
creative services as described in the scope outlined below.
In consideration therefore, Client agrees to pay Cooksey a monthly retainer of FIVE THOUSAND ONE
HUNDRED DOLLARS ($5,100) per month billed as $5,100 per month (plus CSTIM fee outlined below) for
public relations, social media content development, creative services and other marketing
communications consulting, as outlined below, which will allow Cooksey to perform up to 30 hours of
service per month at its blended hourly rate of $170.
In so contracting, the parties agree that Cooksey is an independent contractor and is not an employee,
partner, or co -venture of the Client. The manner in which Cooksey's services are rendered shall be
within Cooksey's sole control and discretion. Cooksey is not authorized to sign any agreement on behalf
of the Client without prior review and approval by an authorized party of the Client.
Scope of Work
In the consideration of the fees and the mutual covenants contained in this Agreement, the Client and
Cooksey agree that Cooksey will provide the following consulting and creative services.
Consulting and Strategy
• Participate in regular (weekly or biweekly) progress calls/meetings with Client to discuss
PR/marketing opportunities and needs, Client activities and upcoming initiatives
Creative Direction and Brand Development
• Creation of overall advertising campaign theme, incorporating new tagline and look and feel
• Website updates branded to new EDC/CDC logo and tagline, along with new imagery
• Development of new brochure and pocket folder system (design and copywriting), along with
promotional inserts for primary city business assets/demographics
• Creation of three-dimensional direct mail campaign
Public/Media Relations
• Build a year -long editorial calendar for potential inclusion in feature stories and sponsored
award programs
• Create a comprehensive media kit, complete with important demographic information, business
opportunities and community profile
• Set up in -person meetings with members of the media; showcase projects/tour Anna, etc.
• Month -to -month pitching of evergreen story topics, deal announcements and thought -
leadership pieces (Cooksey will develop content)
• Provide recommendations for important industry groups to make informational presentations
to and/or join, etc.
• Manage overall marketing campaign for EDC/CDC
I
Cooksey Communications Agreement for Anna Community Development Corporation, Jan. 2021
Social Media Content/Engagement (does not include paid social media program*)
Create two -to -three relevant posts per week
Leverage media placements/important announcements and determine appropriate content to
boost
Implement strategy to increase followers, both organically and through paid efforts in digital
campaign
*Paid print advertising and paid digital media budgets are not covered by this agreement and
will be billed through separate agreements with the outlets/platforms or under a separate letter
of agreement with Cooksey.
Billing
Invoices for the ongoing monthly retainer and CSTIM fee will be pre -billed at the beginning of each
month, with the first invoice submitted to the Client immediately upon execution of this Agreement.
All invoices are due net 15 calendar days from the invoice date. Payments received after 30 calendar
days of the invoice date shall be subject to late charges at a rate of two percent (2%) per month (24%
per annum).
Each invoice will include a brief summary of services and deliverables provided in the previous month,
plus a listing of any non -routine expenses incurred on the client's behalf (see Expenses and Exclusions
section below).
Additional Fees/Hours
It is not typical for Cooksey to bill for a small number of additional hours worked in one month, beyond
those covered by the monthly retainer, if this is not a regular, recurring occurrence.
If it becomes apparent that satisfactory performance of any of the Agreement -stipulated services is
causing Cooksey to significantly or repeatedly exceed the hours compensated by the monthly retainer,
by more than 10 percent (10%) on average, Cooksey will promptly notify the Client, provide a written
estimate of the additional hours required and obtain advance written approval from the Client of any
additional fees before undertaking and completing extra work. If no further services are desired by the
Client, Cooksey shall deliver the work performed within the Agreement -covered hours and will receive
the normal fee associated with such deliverables in accordance with this Agreement.
If the Client requests new services or projects not specifically delineated in this Agreement, Cooksey will
provide a written estimate of the hours and costs associated with those services or deliverables and will
require advance, written approval before undertaking any additional work. Any such incidental work
would be estimated and, if approved by the Client, performed at the $170 per hour blended billing rate,
or as agreed to in writing.
Expenses and Exclusions
Cooksey, for the benefit of the Client, may incur non -routine, third -party expenses in the course of
implementing the requested services, including but not limited to such items as newswire services,
clipping services, custom or stock photography, outsourced printing costs and other expenses. Any such
third -party vendor expenses will be billed directly by the vendor to the Client. Third -party vendor
expenses handled by Cooksey will incur a 15% markup. Any individual non -routine expenses over $100
must be approved in advance, in writing, by the Client prior to being incurred.
2 1 P a F P
Cooksey Communications Agreement for Anna Community Development Corporation, Jan. 2021
Client Services, Technology and Information Management (CSTIM) Fee
Each invoice will include Cooksey's standard CSTIM fee, calculated at five percent (5%) of the monthly
retainer or project fee, which covers routine internal expenses regularly incurred on all of its clients'
behalf. These expenses include, but are not limited to, mileage incurred for local (within 100 miles)
travel to/from meetings and events; photocopies and in-house printing; courier or delivery charges;
subscriptions for online resources and third -party services such as Cision (global media database and
intelligence service) and video conference services; maintenance of communications infrastructure for
24/7 client service; and subscriptions to e-mail marketing services.
For the Anna Community Development Corporation monthly retainer of $5,100, the monthly CSTIM fee
will be $255 per month.
Term of Service and Renewal
Services addressed in this Agreement are expected to last for eight months, beginning from the Effective
Date stipulated above until September 30, 2021.
Either party may terminate this Agreement for any reason at any time upon 60 days' prior written notice
to the other party.
At the expiration of the initial term, the parties may agree to renew the agreement upon terms mutually
agreeable to both parties, as set forth in a separate, written document executed by both parties at such
time.
Confidentiality
All confidential information will be held confidential by Cooksey and will not be discussed with outside
parties without the Client's prior consent, unless required by applicable law.
Indemnity
Client agrees to indemnify and save Cooksey harmless from and against all liability, including all actions,
claims, damages, costs and attorneys' fees and related expenses, which Cooksey may incur (or to which
Cooksey may be a party), arising out of actions taken or statements made by Cooksey at the Client's
direction or based upon information provided by the Client, and any and all losses, claims, damages,
expenses or liabilities related to the use of Client's products or services except when such actions,
claims, damages, costs and attorneys' fees and related expenses result from negligence or willful
misconduct by Cooksey.
Cooksey agrees to indemnify and save Client harmless from and against all liability, including all actions,
claims, damages, costs and attorneys' fees and related expenses, that the Client may incur (or to which
the Client may be a party), arising out of related to Cooksey work product, excepting only when such
actions, claims, damages, costs and attorneys' fees and related expenses result from information,
graphics or text provided to Cooksey by the Client. At no time shall the Client have any control over or
charge of Cooksey's services performed under this Agreement nor the means, methods, techniques,
sequences or procedures utilized for said performance. Notwithstanding any other provision of this
Agreement, this Agreement does not create a joint enterprise between the Client and Cooksey.
Client's Intellectual Property
Cooksey shall not use any of the Client's Intellectual Property, including but not limited to Client
trademarks, trade dress, copyright, trade secrets or proprietary information, without the express
31Par
Cooksey Communications Agreement for Anna Community Development Corporation, Jan. 2021
written permission of the Client. Granting a license to use in any one instance shall not be deemed to be
a license in any other instance.
Miscellaneous
Authority to Execute Contract. The undersigned officers and/or agents of the parties hereto are the
properly authorized officials and have the necessary authority to execute this Agreement on behalf of
the Parties hereto, and each Party hereby certifies to the other that any necessary resolutions or other
act extending such authority have been duly passed and are now in full force and effect.
Default and Opportunity to Cure. A Party will be in default under this Agreement if that Party breaches
any material term or condition of this Agreement and such breach remains uncured after forty-five (45)
calendar days following receipt of written notice from the other Party referencing this Agreement (or, if
the Party in breach has diligently and continuously attempted to cure following receipt of such written
notice but reasonably requires more than forty-five (45) calendar days to cure, then such additional
amount of time as is reasonably necessary to effect cure, as determined by both Parties mutually and in
good faith). Upon a default, subject to the cure period described herein, the non -breaching Party will
have all available rights and remedies under the law and equity. Notwithstanding the foregoing, Client
shall be considered in default for failure to timely pay an invoice properly submitted to Client
immediately upon such failure without a notice and cure period and Cooksey's sole remedy in such
event shall be to seek specific performance of this Agreement as well as the late fees as provided herein.
Notice. All notices, demands or other communications required or provided hereunder shall be in
writing and shall be deemed to have been given on the earlier to occur of actual receipt or three (3) days
after the same are given by hand delivery or deposited in the United States mail, certified or registered,
postage prepaid, return receipt requested, addressed to the Parties at the addresses set forth below or
at such other addresses as such Parties may designate by written notice to the other Parties in
accordance with this notice provision.
If to the Client: Anna Community Development Corporation
Attn: Economic Development Director
P.O. Box 776
Anna, TX 75409
If to Cooksey: Cooksey Communications
5525 N. MacArthur Blvd., Suite 530
Irving, Texas 75038
Complete Agreement. This Agreement embodies the entire Agreement between the Parties and cannot
be varied or terminated except as set forth in this Agreement, or by written agreement of all Parties
expressly amending the terms of this Agreement.
Applicable Law and Venue. This Agreement shall be performable and all compensation payable in Collin
County, Texas. Venue and exclusive jurisdiction under this Agreement lies in a court of competent
jurisdiction in Collin County, Texas.
Severability. If any clause, paragraph, section or portion of this Agreement shall be found to be illegal,
unlawful, unconstitutional or void for any reason, the balance of the Agreement shall remain in full force
and effect and the unlawful provision shall be replaced with a provision as similar in terms and effect to
such unlawful provision as may be valid, legal and enforceable.
4 1 P a g e
Cooksey Communications Agreement for Anna Community Development Corporation, Jan. 2021
Representation. Each signatory representing this Agreement has been read by the party for which this
Agreement is executed and that such Party has had an opportunity to confer with its legal counsel.
Consideration. This Agreement is executed by the Parties hereto without coercion or duress and for
substantial consideration, the sufficiency of which is hereby acknowledged.
Waiver. Waiver by any Party or any breach of this Agreement, or the failure of any Party to enforce any
of the provisions of this Agreement, at any time shall not in any way affect, limit or waive such Party's
right thereafter to enforce and compel strict compliance of the Agreement.
Miscellaneous Drafting Provisions. This Agreement was drafted equally by the Parties hereto. The
language of all parts of this Agreement shall be construed as a whole according to its fair meaning, and
any presumption or principle that the language herein is to be construed against any Party shall not
apply. Headings in this Agreement are for the convenience of the Parties and are not intended to be
used in construing this document.
No Other Beneficiaries. This Agreement is for the sole and exclusive benefit of the Parties hereto and is
not intended to and shall not confer any rights or benefits on any third party not a signatory hereto.
Counterparts. This Agreement may be executed in a number of identical counterparts, each of which
shall be deemed an original for all purposes.
Please indicate your acceptance of the terms stated above by signing and returning a copy of this
agreement to Cooksey. Facsimile signatures received by electronic means shall be deemed originals.
Agreed to and Accepted by:
Anthony Richardson, President Date
Anna Community Development Corporation
Jason Meyer, Executive Vice President and Partner Date
Cooksey Communications, Inc.
51
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OF
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G R O U N D B R E A K I N G
P O S S I B I L I T I E S
oksey
Strategic Communications Services Provided
The following report provides a summary of key strategic communications activities conducted
by Cooksey Communications on behalf of Anna Community Development Corporation.
Jul. 2020 — Jan. 2021
HOURS
INVOICE
Phase I: Communications Assessment & Plan/Tagline
185.00
$31,375
• Strategy Meetings/Administrative
15.00
• Board Meetings/Presentation
20.00
• Benchmarking the Anna CDC/Other Cities
40.00
• Marketing Communications Plan Development
65.00
• Final Plan Design and Delivery
25.00
• Tagline/Logo Creation
20.00
Phase II: Plan Implementation
82.00
$14,000
• Board Meeting/Preparation
5.00
• Digital Marketing/Ad Campaigns
10.00
• Photography
8.00
• Tagline/Logo Implementation
15.00
• Press Releases
10.00
• Earned Media
15.00
• Website Improvements
5.00
• Social Media Plan/Content Creation
14.00
Total Hours of Contracted Service Provided
267.00
$45,375
Total Hours per Contracted Amount
235.00
Total of Hours Over Contracted Amount
32.00
Additional Work
HOURS
INVOICE
Ad Campaign/ D CEO Ad
20.50
Full Page Ad
16.25
Total of Hours of Service Provided
303.75
$51,637.50
Page 1
PHASE I: COMMUNICATIONS ASSESSMENT & PLAN/TAGLINE
• Strategy Meetings/ Administrative
o Participated in multiple update calls with Joey Grisham and Taylor Lough throughout
Jul. 2020 to Jan. 2021
o Created agendas for update calls, detailing our meeting objectives
o Traveled to Anna to meet with Taylor Lough and Joey Grisham and discuss strategy
on marketing plan
• Board Meetings/Presentation
o Created and presented a PowerPoint for the EDC Board on Cooksey's marketing
communications plan development
o Presented the finished and designed communications plan to EDC Board, answering
questions and collecting feedback from the Board
• Benchmarking the Anna CDC/Other Cities
o Created and gathered a list of materials needed from the Anna CDC to conduct
benchmarking
o Audited the Anna CDC's materials and researched numerous additional materials
o Researched multiple cities' EDCs/CDCs to find budgets and organizational charts
• Marketing Communications Plan Development
o Wrote an interview guide with detailed questions for each of the conducted
interviews
o Set up discussions and interviewed numerous stakeholders and board members to
collect feedback and use thoughts in proposed marketing plan
o Prepared detailed plan for Anna CDC's marketing including a full audit,
benchmarking, third -party feedback, recommendations and timeline
• Final Plan Design and Delivery
o Designed and branded marketing communications plan for external use
o Completed numerous edits on communications plan based on feedback and
suggestions
• Tagline/Logo Creation
o Filled out parts of initial creative briefs for tagline/logo creation
o Researched, brainstormed and prepared multiple tagline/logo options
PHASE II: PLAN IMPLEMENTATION
• Board Meeting/Preparation
o Presented taglines/logos/ad concepts to EDC Board, providing detailed explanations
of each creative asset
• Digital Marketing/Ad Campaigns
Page 2
o Discussed the Book of Lists with Joey Grisham, providing information from past
experience and suggesting additional opportunities
o Edited the Texas Real Estate Economic Development Directory Listing for Taylor
Lough, providing some further insight
o Negotiated and secured D CEO Real Estate Awards package, harnessing Cooksey's
unique experience and relationships
o Discussed American Business Journal ad campaign program
• Photography
o Traveled to Anna to meet with Taylor Lough and Joey Grisham and view
opportunities for photography
o Organized two photography estimates for photography opportunities in Anna
o Participated in photoshoot in Anna with Gary Logan Photography
• Tagline/Logo Implementation
o Revised and sent multiple versions of tagline/logo concepts
o Sent multiple formats of approved logos for use
o Began preparing brand guidelines for help on how and when to use the logos
• Press Releases
o Rewrote City of Anna's press release on No.9 fastest -growing cities in North Texas
o Wrote Anna CDC's press release on its refreshed branding
• Earned Media
o Sent media list contacts to Taylor Lough for IEDC Award press release
o Pitched and followed up about an exclusive Anna story with local publications
including Dallas Business Journal and Dallas Morning News
o Set up tour of Anna with Mayor Pike and DBJ's Bill Hethcock on Jan. 26
• Website Improvements
o Audited website for glitches and improvements
o Made logo updates to website
• Social Media Plan/Content Creation
o Began preparing a detailed plan on Anna CDC's social media strategy with content
calendar
AD CAMPAIGN/D CEO AD
• Creation of ad campaign/creation of D CEO ad
o Met internally for creative discussion and brainstorming on ad campaigns
o Created multiple ad campaign concepts and copy for review
o Revised ad campaign concepts based on discussions
Page 3
FULL PAGE AD
• Creation of Ad
o Brainstormed, discussed and created full -page ad for RE Journals on a tight
deadline
Page 4
THE CITY OF
ia
W* C D C
G R 0 U N D DR E A K I N
P 0 5 S 1 B 1 L IT I E S
THE CIta
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GR0U N D R R E A F{I NG
P O S S I B I L I T I E S
AGENDA ITEM:
Director's Report
a. Sales Tax Update
b. Comprehensive Plan Update
c. Strategic Plan Update
d. New Commercial Projects
SUMMARY:
STAFF RECOMMENDATION:
Item No. 14.
EDC/CDC Agenda
Staff Report
Meeting Date: 2/4/2021
Staff Contact:
ATTACHMENTS:
1. CDC SALES TAX COLLECTIONS FY21
2. 2021 Monthly Sales Tax Report
3. Community Development Fund Period 3 December
4. Economic Development Period 3 December
5. Jan MONTHLY ED Strategic Plan Update (1)
October
November
December
January
February
March
April
May
June
July
August
September
$160, 000
$140, 000
$120, 000
$100, 000
$80,000
$60,000
$40,000
$20,000
$0
$ 125,795
127,559
$ 253,354
24.1 % $
101,386
37.6% $
92,706
$
120,549
$
89,943
$
84,243
$
110,697
$
109,442
$
127,634
$
149,111
$
118,676
$
116,524
$
141,879
$
1,362,791
ANNA COMMUNITY DEVELOPMENT CORP. Monthly
Sales Tax Collections:
roar %.cnnpansun
■ FY2020-21 ■ FY2019-20 ■ FY2018-19
October $ 335,454
November 340,156
December
January
February
March
April
May
June
July
August
September
$ 675,610
Budget:
$450,000
$400,000
$350,000
$300,000
$250,000
$200,000
$150,000
$100,000
$50,000
$0
3,505,000
24.1 % $ 270,363
37.6% 247,215
321,464
239,848
224,649
295,191
291,845
340,358
397,630
316,470
310,731
378,344
$ 3,634,108
19.3% 3,048,942
Monthly Sales Tax Collections:
3 Year Comparison
z�°`°°��°c
0 FY2020-21 o FY2019-20 0 FY2018-19
City of Anna
11712021 12:17pm Statement of Revenue and Expenditures Page 1
Revised Budget
For the Fiscal Period 2021-3 Ending December 31, 2020
Current
Current
Annual
YTD
Remaining
Account Number
Budget
Actual
Budget
Actual
Budget %
Community Development Corporation
Community Development Corporation
Revenues
89-825-5225
Sales Tax Revenue - General
0.00
0.00
1,300,000.00
0.00
100.00%
89-825-5329
Donations
0.00
0.00
0.00
0.00
0.00%
89-825-5499
Miscellaneous Revenue
0.00
0.00
0.00
0.00
0.00%
89-825-5530
Interest Revenue
0.00
0.00
11,140.00
1,091.21
90.20%
89-825-5800
Transfers In
0.00
0.00
0.00
0.00
0.00%
89-825-5840
Bond Proceeds
0.00
0.00
0.00
0.00
0.00%
Total Revenues
0.00
0.00
1,311,140.00
1,091.21
99.92%
Expenditures
89-825-6101
Salaries
0.00
7,086.40
91,325.00
18,509.64
79.73%
89-825-6114
Payroll Taxes -City Part FICA
0.00
542.12
6,986.00
1,632.86
76.63%
89-825-6121
Health Insurance
0.00
97.42
9,927.00
292.26
97.06%
89-825-6125
TMRS Retirement
0.00
1,007.69
12,986.00
3,035.15
76.63%
89-825-6126
Unemployment
0.00
0.00
250.00
0.00
100.00%
89-825-6127
Worker's Compensation
0.00
0.00
411.00
184.54
55.10%
89-825-6129
Miscellaneous Payroll
0.00
0.00
100.00
0.00
100.00%
89-825-6208
Office Supplies
0.00
0.00
2,000.00
0.00
100.00%
89-825-6209
Other Supplies - Misc.
0.00
0.00
4,000.00
491.92
87.70%
89-825-6210
Clothing Supplies
0.00
0.00
1,000.00
0.00
100.00%
89-825-6212
Postage
0.00
0.00
100.00
0.00
100.00%
89-825-6299
IT Supplies
0.00
0.00
0.00
0.00
0.00%
89-825-6700
Economic Development Grant Expense
0.00
0.00
442,960.00
0.00
100.00%
89-825-6703
Contract Services
0.00
34,473.50
170,974.00
54,798.50
67.95%
89-825-6710
Travel/Training Expense
0.00
400.00
25,250.00
420.00
98.34%
89-825-6722
Insurance - Property & Liability
0.00
0.00
3,500.00
3,500.00
0.00%
89-825-6731
Public Notices - Advertising
0.00
0.00
250.00
0.00
100.00%
89-825-6735
Promotion Expense
0.00
6,175.00
93,000.00
6,272.50
93.26%
89-825-6753
Legal Expense
0.00
567.00
14,000.00
567.00
95.95%
89-825-6755
Audit Expense
0.00
0.00
6,000.00
850.00
85.83%
89-825-6756
Engineering
0.00
0.00
1,500.00
0.00
100.00%
89-825-6761
Dues, Publications & Licenses
0.00
0.00
4,670.00
7,518.09
(60.99%)
89-825-6783
Telecom
0.00
0.00
700.00
0.00
100.00%
89-825-6789
Debt -Service Principal
0.00
0.00
225,000.00
0.00
100.00%
89-825-6790
Interest Expense
0.00
0.00
104,251.00
0.00
100.00%
89-825-6795
Bond Fees
0.00
0.00
0.00
0.00
0.00%
89-825-6799
Other Services - Misc.
0.00
750.00
90,000.00
23,250.00
74.17%
89-825-6901
Construction in Progress
0.00
0.00
0.00
0.00
0.00%
89-825-6911
Machinery & Equipment
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%
89-825-8900
Other Financing Use - Debt Refundings
0.00
0.00
0.00
0.00
0.00%
89-825-9800
Transfers Out
0.00
0.00
0.00
0.00
0.00%
Total Expenditures
0.00
(51,099.13)
(1,311,140.00)
(121,322.46)
90.75%
Total Community Development Corporation
0.00
(51,099.13)
0.00
(120,231.25)
0.00%
11712021 12:17pm
Account Number
Total Community Development Corporation
City of Anna
Statement of Revenue and Expenditures
Revised Budget
For the Fiscal Period 2021-3 Ending December 31, 2020
Annual
Budget) Actual
Page
Remaining
Budget %
0.00 (51,099.13) 0.00 (120,231.25) 0.00%
11712021 12:16pm
Account Number
City of Anna
Statement of Revenue and Expenditures
Revised Budget
For the Fiscal Period 2021-3 Ending December 31, 2020
Current Current Annual
Budget Actual Budget
YTC
Actua
General Fund
Economic Development Corporation
Expenditures
10-826-6101
Salaries
0.00
9,676.47
122,052.00
25,247.01
10-826-6114
Payroll Taxes -City Part FICA
0.00
723.35
9,337.00
2,170.12
10-826-6121
Health Insurance
0.00
845.35
9,927.00
2,536.05
10-826-6125
TMRS Retirement
0.00
1,375.99
17,356.00
4,128.12
10-826-6127
Worker's Compensation
0.00
0.00
549.00
246.51
10-826-6129
Miscellaneous Payroll
0.00
0.00
350.00
0.00
10-826-6299
IT Supplies
0.00
0.00
0.00
0.00
10-826-6710
Travel/Training Expense
0.00
0.00
0.00
0.00
10-826-6761
Dues, Publications & Licenses
0.00
0.00
0.00
0.00
10-826-6783
Telecom
0.00
0.00
0.00
0.00
10-826-6799
Other Services - Misc.
0.00
0.00
0.00
0.00
Total Expenditures
0.00
(12,621.16)
(159,571.00)
(34,327.81)
Total Economic Development Corporation
0.00
(12,621.16)
(159,571.00)
(34,327.81)
Total General Fund
0.00
(12,621.16)
(159,571.00)
(34,327.81)
Page
City of Anna
11712021 12:16pm
Account Number
Statement of Revenue and Expenditures
Revised Budget
For the Fiscal Period 2021-3 Ending December 31, 2020
Current Current Annual
Budget Actual Budget
Page
YTD
Actual
2
Remaining
Budget %
Economic Development Corporation
Economic Development Corporation
Expenditures
90-826-6209
Other Supplies - Misc.
0.00
0.00
0.00
0.00
0.00%
90-826-6212
Postage
0.00
0.00
0.00
0.00
0.00%
90-826-6303
Maint. & Repair - Buildings
0.00
0.00
3,000.00
450.00
85.00%
90-826-6703
Contract Services
0.00
751.63
75,800.00
2,333.29
96.92%
90-826-6708
IT Support Services
0.00
0.00
750.00
0.00
100.00%
90-826-6722
Insurance - Property & Liability
0.00
0.00
1,050.00
1,050.00
0.00%
90-826-6735
Promotion Expense
0.00
0.00
0.00
0.00
0.00%
90-826-6753
Legal Expense
0.00
648.00
7,500.00
648.00
91.36%
90-826-6755
Audit Expense
0.00
0.00
5,000.00
850.00
83.00%
90-826-6780
Electricity
0.00
242.70
3,500.00
934.15
73.31%
90-826-6781
Gas - Natural/Propane
0.00
89.86
1,050.00
207.19
80.27%
90-826-6782
City Utilities Water/Sewer/Trash 0.00
0.00
0.00
0.00
0.00%
90-826-6783
Telecom
0.00
155.71
2,000.00
467.13
76.64%
90-826-6799
Other Services - Misc.
0.00
0.00
0.00
0.00
0.00%
90-826-6901
Construction in Progress
0.00
0.00
0.00
0.00
0.00%
90-826-6931
Land & Improvements
0.00
0.00
0.00
0.00
0.00%
90-826-9800
Transfers Out
0.00
0.00
0.00
0.00
0.00%
Total Expenditures
0.00
(1,887.90)
(99,650.00)
(6,939.76)
93.04%
Total Economic Development Corporation
0.00
(1,887.90)
(99,650.00)
(6,939.76)
93.04%
Total Economic Development Corporation
0.00
(1,887.90)
(99,650.00)
(6,939.76)
93.04%
Economic Development
Strategic Plan Update:
January 2021
• TEDC Economic Excellence Recognition
• Adopted refreshed logo and tagline
• Meeting and Tour with Dallas Business
Journal
• Held Downtown Stakeholders Meeting
Me s re bles
January 2021
Real Estate Broker /
Developer Meetings: 10
Business Prospect
- Meetings: 3
/ New LinkedIn Followers: 2
(320 total)
Newsletter Subscribers:
241 (13% increase)
Website Users: 646 (75%
increase)
Website Pageviews: 1,253
(56% increase)
Google Searches: 557
(717 business views)
New LinkedIn Followers: 2
(320 total)
A:i
HE CITY OF
na
W*CDC
GR0UNDDREAKIt4C
P 0 5 S 1 8 1 L I T I E S
THE CITY OF
,nna
41.
wFDC
G R 0 U N D R R E A K I N G
PC SS 1 B 1 LIT I E S
AGENDA ITEM:
Closed Session
Item No. 15.
EDC/CDC Agenda
Staff Report
Meeting Date: 2/4/2021
Staff Contact:
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); Grant program; Lease agreement.
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.
SUMMARY:
STAFF RECOMMENDATION:
ATTACHMENTS: