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HomeMy WebLinkAboutCDC-EDCpkt2021-04-01THE CITY OF Anna �'wCDC 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 NTHE CITY OF nna EDC 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 MEETING AGENDA ANNA COMMUNITY DEVELOPMENT CORPORATION AND ANNA ECONOMIC DEVELOPMENT CORPORATION Thursday, April 1, 2021 @ 6:00 PM The EDC/CDC of the City of Anna will meet at 6:00 PM, on April 1, 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. 5. Consider/Discuss/Acton approving minutes from the March 4, 2021 EDC Meeting. (EDC) 6. ConsiderlDiscuss/Act on approving minutes from the March 4, 2021 CDC Meeting. (CDC) 7. Cons iderlDiscuss/Act on accepting the resignation of Doris Pierce from the EDC Board. 8. ConsiderlDiscuss/Acton accepting the resignation of Doris Pierce from the CDC Board. 9. Consider/Discuss/Acton approving a resolution amending a contract with Carey Cox Real Estate for real estate representation. (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. 10, Consider/Discuss/Act on approving a resolution amending a contract with Carey Cox Real Estate for real estate representation. (EDC) 11. Consider/Discuss/Act on appointing an ex--onccio member to the Greater Anna Chamber of Commerce Board of Directors. (CDC) 12. Director's Report (For Discussion Only) aI Sales Tax Update and Budget Report bI Strategic Plan Update c. New Commercial Projects d. Joint Meeting with P&Z on Monday, April 5th e. BR&E Update f. D CEO Awards Event on Thursday, April 28 at Gilley's g. Villages of Hurricane Creek Ribbon Cutting, April 27 13. 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 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. 14. Reconvene into open session and take any action on closed session items. 15. 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 IMPORTANT LEGAL NOTICE: The Corporation may vote and/or act upon each of the items listed in this agenda. The Corporation reserves the right to retire into executive session concerning any of the items listed on this agenda, whenever it is considered necessary and legally justified under the Open Meetings Act. Disabled persons who want to attend this meeting and who may need assistance should contact the City Secretary at 972-924-3325 two working days prior to the meeting so that appropriate arrangements can be made. a 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. 15. Adjourn. 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 March 26, 2021. Jo Grisham, Director of Economic evelopment 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. Officers: Anthony Richardson, President Bruce Norwood, Vice -President Rocio Gonzalez, Secretary ATHE CITY OF nna wCDC 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 Staff: Joey Grisham, Economic Development Director Taylor Lough, Economic Development Manager Anna wEDL 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 Anna Community Development Corporation and Anna Economic Development Corporation Regular Meeting Minutes Thursday, March 4, 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, March 4, 2021 at the Anna City Hall Council Chambers, 111 N. Powell Pkwy. Anna, Texas 75409. 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, Rocio Gonzalez, Bruce Norwood, Matthew Seago and Shane Williams. CDC and EDC Board Members Absent: Michelle Hawkins and Doris Pierce Others Present: Councilmember Lee Miller, Joey Grisham (Economic Development Director) and Taylor Lough (Economic Development Manager) Call to Order. Roll Call and Establishment of Quorum. The meeting was called to order by Anthony Richardson, Board President, at 6:00 p.m. 2. Invocation and Pledge. Invocation and Pledge of Allegiance were led by Anthony Richardson. 3. Citizen Comments. None. 4. Consider/Discuss/Act on approving minutes from the February 4, 2021 CDC Meeting. (CDC) 5. Consider/Discuss/Act on approving minutes from the February 4, 2021 EDC Meeting. (EDC) Shane Williams made a motion to approve the minutes on behalf of the CDC and EDC for the February Joint CDC and EDC Meeting. Rocio Gonzalez seconded the motion. All were in favor. Motion passed. Officers: Staff: Anthony Richardson, President Joey Grisham, Economic Development Director Bruce Norwood, Vice -President Taylor Lough, Economic Development Manager Rocio Gonzalez, Secretary 6. Consider/Discuss/Act on a resolution amending the Economic Development Incentive Policy. (EDC) Joey Grisham stated that he and CDC/EDC Board attorney, Clark McCoy, recently discussed some minor amendments to the recently approved Economic Development Incentive Policy. As multiple developers and businesses approach the city, having as much information as possible is critical in the process. The proposed amendments require the disclosure of additional information and filling out the Form 1295 Certificate of Interested Parties. The policy amendment states that the City, EDC and CDC will not enter into an incentive agreement with any business entity unless, in accordance with Section 2252.908 of the Texas Government Code and rules adopted by the Texas Ethics Commission, a disclosure of interested parties is submitted. (Referenced: Form 1295) https://www.ethics.state.tx.us/filinginfo/1295/ The attached disclosure form is required to be executed before a notary and submitted before any incentives will be considered. Rocio Gonzalez made a motion on behalf of the EDC to approve a resolution adopting amendments to the Economic Development Incentive Policy. Bruce Norwood seconded the motion. All were in favor. Motion passed. 7. Consider/Discuss/Act on a resolution amending the Economic Development Incentive Policy. (CDC) Matthew Seago made a motion on behalf of the CDC to approve a resolution adopting amendments to the Economic Development Incentive Policy. Shane Williams seconded the motion. All were in favor. Motion passed. 8. Receive updates on the Anna Business Park Joey Grisham provided an update regarding the history and purchase of the Anna Business Park, activity within the last two years, and cost projections for phase one road, water/wastewater extensions, signage, detention, and gas. He stated that installing Phase 1 infrastructure will help speed up the attraction businesses and speculative building developers. Her further outlined the financial status of the EDC and CDC and described the Business Park concept plan. The next step is the firm up cost and bring in the financial advisors for more discussions. 9. Consider/Discuss/Act on a resolution approving a Professional Services Agreement for architectural and engineering services related to the Business Park. (EDC) Joey Grisham explained that the architect and engineer had completed the tasks outlined in the proposal from Sept. 2020. The next step is for the engineer to update the survey and provide additional cost estimates on Phase 1 infrastructure. Anthony Richardson made a motion on behalf of the EDC to approve a resolution approving a Professional Services Agreement, subject to legal approval of final form, for architectural and engineering services not to exceed $45, 000 and authorize the Economic Development Director to execute the contract. Bruce Norwood seconded the motion. All were in favor. Motion passed. 10. Director's Report) a. Sales Tax Update and Budget Report Joey Grisham read the monthly increases in sales tax revenue as compared to the previous year. Officers: Staff: Anthony Richardson, President Joey Grisham, Economic Development Director Bruce Norwood, Vice -President Taylor Lough, Economic Development Manager Rocio Gonzalez, Secretary b. Joint Meeting with P&Z Monday April 5th for Comprehensive Plan and Downtown Master Plan A joint meeting with the Planning and Zoning Commission is planned for Monday, April 5th. More details including agenda, time, and location will be sent soon and posted online and at City Hall. c. Strategic Plan Update A February update was included in the packet. d. New Commercial Projects Construction activity is occurring at the Villages of Hurricane Creek and we expect a groundbreaking to be planned later this month. Multifamily and QuikTrip are expected to start soon west of US-75. The opening of the City Hall campus is planned for the end of the year. e. City Bond Election May 1 On May 1, 2021 Anna voters will decide if the City should issue $58 million in bonds. The ballot will have three propositions: A - $8,000,000 for a fire station and equipment; B - $22,000,000 for a community library; C - $28,000,000 for parks and recreation improvements. The City of Anna has designated the Anna ISD Board Room, 201 E. 7th Street, Anna, Texas 75409 as the polling location for Election Day. More information is on the City's website: https://www.annatexas.gov/1192/Bond-2021 11. 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. 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. The Board did not move into closed session. 11. Reconvene into open session and take any action on closed session items. The Board did not move into closed session. 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 Officers: Staff: Anthony Richardson, President Joey Grisham, Economic Development Director Bruce Norwood, Vice -President Taylor Lough, Economic Development Manager Rocio Gonzalez, Secretary public office or public employment); a reminder about an upcoming event organized or sponsored by the governing body; information regarding a social, ceremonial, or community event organized or sponsored by an entity other than the governing body that was attended or is scheduled to be attended by a member of the governing body or an official or employee of the municipality; and announcements involving an imminent threat to the public health and safety of people in the municipality that has arisen after the posting of the agenda. The Greater Anna Chamber of Commerce will be moving out of the Inc -Cube and into 218 W. 4t" Street. Bruce Norwood's Office, Five Star Realty and Hudson Title will have an open house on March 20th 2:00 p.m. to 6:00 p.m. 13. Adjourn. Anthony Richardson made a motion to adjourn the meeting at 7:14 pm. Shane Williams seconded the motion. All were in favor. Motion passed. APPROVED: ATTESTED: Anthony Richardson President of CDC/EDC Rocio Gonzalez Secretary of CDC/EDC Officers: Anthony Richardson, President Bruce Norwood, Vice -President Rocio Gonzalez, Secretary ATHE CITY OF nna wCDC 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 Staff: Joey Grisham, Economic Development Director Taylor Lough, Economic Development Manager Anna wEDL 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 Anna Community Development Corporation and Anna Economic Development Corporation Regular Meeting Minutes Thursday, March 4, 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, March 4, 2021 at the Anna City Hall Council Chambers, 111 N. Powell Pkwy. Anna, Texas 75409. 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, Rocio Gonzalez, Bruce Norwood, Matthew Seago and Shane Williams. CDC and EDC Board Members Absent: Michelle Hawkins and Doris Pierce Others Present: Councilmember Lee Miller, Joey Grisham (Economic Development Director) and Taylor Lough (Economic Development Manager) Call to Order. Roll Call and Establishment of Quorum. The meeting was called to order by Anthony Richardson, Board President, at 6:00 p.m. 2. Invocation and Pledge. Invocation and Pledge of Allegiance were led by Anthony Richardson. 3. Citizen Comments. None. 4. Consider/Discuss/Act on approving minutes from the February 4, 2021 CDC Meeting. (CDC) 5. Consider/Discuss/Act on approving minutes from the February 4, 2021 EDC Meeting. (EDC) Shane Williams made a motion to approve the minutes on behalf of the CDC and EDC for the February Joint CDC and EDC Meeting. Rocio Gonzalez seconded the motion. All were in favor. Motion passed. Officers: Staff: Anthony Richardson, President Joey Grisham, Economic Development Director Bruce Norwood, Vice -President Taylor Lough, Economic Development Manager Rocio Gonzalez, Secretary 6. Consider/Discuss/Act on a resolution amending the Economic Development Incentive Policy. (EDC) Joey Grisham stated that he and CDC/EDC Board attorney, Clark McCoy, recently discussed some minor amendments to the recently approved Economic Development Incentive Policy. As multiple developers and businesses approach the city, having as much information as possible is critical in the process. The proposed amendments require the disclosure of additional information and filling out the Form 1295 Certificate of Interested Parties. The policy amendment states that the City, EDC and CDC will not enter into an incentive agreement with any business entity unless, in accordance with Section 2252.908 of the Texas Government Code and rules adopted by the Texas Ethics Commission, a disclosure of interested parties is submitted. (Referenced: Form 1295) https://www.ethics.state.tx.us/filinginfo/1295/ The attached disclosure form is required to be executed before a notary and submitted before any incentives will be considered. Rocio Gonzalez made a motion on behalf of the EDC to approve a resolution adopting amendments to the Economic Development Incentive Policy. Bruce Norwood seconded the motion. All were in favor. Motion passed. 7. Consider/Discuss/Act on a resolution amending the Economic Development Incentive Policy. (CDC) Matthew Seago made a motion on behalf of the CDC to approve a resolution adopting amendments to the Economic Development Incentive Policy. Shane Williams seconded the motion. All were in favor. Motion passed. 8. Receive updates on the Anna Business Park Joey Grisham provided an update regarding the history and purchase of the Anna Business Park, activity within the last two years, and cost projections for phase one road, water/wastewater extensions, signage, detention, and gas. He stated that installing Phase 1 infrastructure will help speed up the attraction businesses and speculative building developers. Her further outlined the financial status of the EDC and CDC and described the Business Park concept plan. The next step is the firm up cost and bring in the financial advisors for more discussions. 9. Consider/Discuss/Act on a resolution approving a Professional Services Agreement for architectural and engineering services related to the Business Park. (EDC) Joey Grisham explained that the architect and engineer had completed the tasks outlined in the proposal from Sept. 2020. The next step is for the engineer to update the survey and provide additional cost estimates on Phase 1 infrastructure. Anthony Richardson made a motion on behalf of the EDC to approve a resolution approving a Professional Services Agreement, subject to legal approval of final form, for architectural and engineering services not to exceed $45, 000 and authorize the Economic Development Director to execute the contract. Bruce Norwood seconded the motion. All were in favor. Motion passed. 10. Director's Report) a. Sales Tax Update and Budget Report Joey Grisham read the monthly increases in sales tax revenue as compared to the previous year. Officers: Staff: Anthony Richardson, President Joey Grisham, Economic Development Director Bruce Norwood, Vice -President Taylor Lough, Economic Development Manager Rocio Gonzalez, Secretary b. Joint Meeting with P&Z Monday April 5th for Comprehensive Plan and Downtown Master Plan A joint meeting with the Planning and Zoning Commission is planned for Monday, April 5th. More details including agenda, time, and location will be sent soon and posted online and at City Hall. c. Strategic Plan Update A February update was included in the packet. d. New Commercial Projects Construction activity is occurring at the Villages of Hurricane Creek and we expect a groundbreaking to be planned later this month. Multifamily and QuikTrip are expected to start soon west of US-75. The opening of the City Hall campus is planned for the end of the year. e. City Bond Election May 1 On May 1, 2021 Anna voters will decide if the City should issue $58 million in bonds. The ballot will have three propositions: A - $8,000,000 for a fire station and equipment; B - $22,000,000 for a community library; C - $28,000,000 for parks and recreation improvements. The City of Anna has designated the Anna ISD Board Room, 201 E. 7th Street, Anna, Texas 75409 as the polling location for Election Day. More information is on the City's website: https://www.annatexas.gov/1192/Bond-2021 11. 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. 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. The Board did not move into closed session. 11. Reconvene into open session and take any action on closed session items. The Board did not move into closed session. 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 Officers: Staff: Anthony Richardson, President Joey Grisham, Economic Development Director Bruce Norwood, Vice -President Taylor Lough, Economic Development Manager Rocio Gonzalez, Secretary public office or public employment); a reminder about an upcoming event organized or sponsored by the governing body; information regarding a social, ceremonial, or community event organized or sponsored by an entity other than the governing body that was attended or is scheduled to be attended by a member of the governing body or an official or employee of the municipality; and announcements involving an imminent threat to the public health and safety of people in the municipality that has arisen after the posting of the agenda. The Greater Anna Chamber of Commerce will be moving out of the Inc -Cube and into 218 W. 4t" Street. Bruce Norwood's Office, Five Star Realty and Hudson Title will have an open house on March 20th 2:00 p.m. to 6:00 p.m. 13. Adjourn. Anthony Richardson made a motion to adjourn the meeting at 7:14 pm. Shane Williams seconded the motion. All were in favor. Motion passed. APPROVED: ATTESTED: Anthony Richardson President of CDC/EDC Rocio Gonzalez Secretary of CDC/EDC 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. 6. EDC/CDC Agenda Staff Report Meeting Date: 4/1/2021 Staff Contact: Consider/Discuss/Act on accepting the resignation of Doris Pierce from the EDC Board. SUMMARY: STAFF RECOMMENDATION: ATTACHMENTS: 1. Re_ Resignation From: Doris PIERCE To: Clark McCoy Cc: Anthony Richardson; Carrie Land; Joey Grisham Subject: Re: Resignation Date: Friday, March 5, 2021 9:30:26 AM Attachments: imaae001.ono imaae002.ong Anthony, It is with great sadness that I submit my resignation from the Anna EDC/CDC board effective immediately. A move to Oklahoma removes my eligibility to be a part of this excellent team. Warmly, Doris Pierce On Mar 5, 2021, at 7:45 AM, Clark McCoy <cmccoy@wtmlaw.net> wrote: Anthony, It would be ideal to have a separate short email from Doris to you stating the effective date of her resignation from the Boards. The Boards can then take action to accept the resignations at the next meeting. Clark McCoy I cmccoyy& wtmlaw.net I www.wtmlaw.net I T 972 712 3530 1 F 972 712 3540 Direct Dial 214 620 9005 Wolfe, Tidwell & McCoy, LLP 2591 Dallas Parkway I Suite 300 1 Frisco, Texas 75034 THIS MESSAGE AND ANY ATTACHMENT($) MAY BE SUBJECT TO LEGAL PRIVILEGE. ONLY THE INTENDED RECIPIENT(S), OR PERSONS AUTHORIZED TO RECEIVE FOR THE INTENDED RECIPIENT(S), MAY USE, DISCLOSE, COPY, OR RETAIN THIS INFORMATION. IF YOU BELIEVE YOU MAY HAVE RECEIVED THIS INFORMATION IN ERROR, PLEASE GIVE NOTICE BY IMMEDIATELY REPLYING TO THIS MESSAGE AND DELETE THE ORIGINAL MESSAGE. From: Anthony Richardson <anthony@opportunityannatx.com> Sent: Thursday, March 4, 2021 11:23 PM To: toberpierce@msn.com Cc: Clark McCoy <cmccoy@wtmlaw.net>; Carrie Land <cland@annatexas.gov>; Joey Grisham <jgrisham@annatexas.gov> Subject: Re: Question +Carrie Land and Joey Grisham We understand Doris, and as Clark concluded, "wishing you the very best..." No need for the food (thanks for the thought though) Is Hutchins back open? I know they suffered a fire that closed operations. Not sure if that was permanent (for that location) or temporary. Clark - For closure, may we use Doris' remarks in this email as a formal resignation? Thanks Always, Anthony D. Richardson, MPA President City of Anna 1 214-831-5321 312 N. Powell Pkwy I P.O. Box 776 Anna, TX 75409 1 httos://oor)ortunityannatx.com <image001.png> <image002.png> Why locate your business in Anna? • Located on Ll 75 and SH 5 (traffic counts exceed 70,000 cars per day on U.S. 75) One of the fastest -growing cities in North Texas Excellent schools Access to an educated workforce CDC owns an 85-acre business park with infrastructure • Ample available sites for an array of uses: residential; retail/restaurants/entertainment; medical; office; mixed -use; and light industrial On Mar 4, 2021, at 9:03 PM, Doris PIERCE <toberDlerce(@msn.cOm> wrote Thank you Clark. Your insight, expertise and knowledge of the law as it applies to board members has been phenomenal and I know we've all depended on you many a time. I will really miss working with you and hope we can still stay in touch, as I hope to be able to with all the board and staff I've so enjoyed getting to know. Best to you also. Get Outlook for iOS From: Doris PIERCE <toberpierce(@msn.com> Sent: Thursday, March 4, 2021 5:44:38 PM To: Clark McCoy <cmccoy(aDwtmlaw. net> Cc: Anthony Richardson<anthony(aopportunityannatx.com> Subject: Re: Question Anthony, Thank you for your kind email. Unfortunately, we are moving. We close on our house tmnv, spend a couple of weeks in Colorado and then move into a small farm in Oklahoma. It's just over the boarder, 45 min from Anna, and our jobs, friends and all other activities stay the same. It will just be a little longer drive. I will not even be able to make it tonight! The buyers have moved up the walk-through tonight and we are scrambling to have everything clean for them.... you know is Germans!! Pis feel free to let the other board members know .... what a terrible way to let everyone know. My mind has been a million place these last 4 weeks. If you want, I can come to personally say my good byes at the next meeting. If you approve, I would bring Hutchins for everyone! I have absolutely loved working with everyone and hope to have a chance to say goodbye bye personally. My highest respect and admiration for you. Doris On Mar 4, 2021, at 5:21 PM, Clark McCoy <cmccoy bwtmlaw.net> wrote: Anthony is correct. Under Charter Sec. 8.01 board members must be "...qualified voters in the City...". To be a qualified voter a person must reside within the City's corporate limits. Wishing you the very best, Clark McCoy I cmccoyyl7a wtmlaw.net I www.wtmlaw.net I T 972 712 3530 1 F 972 712 3540 Direct Dial 214 620 9005 Wolfe, Tidwell & McCoy, LLP 2591 Dallas Parkway I Suite 300 1 Frisco, Texas 75034 THIS MESSAGE AND ANY ATTACHMENT(S) MAY BE SUBJECT TO LEGAL PRIVILEGE. ONLY THE INTENDED RECIPIENT(S), OR PERSONS AUTHORIZED TO RECEIVE FOR THE INTENDED RECIPIENT(S), MAY USE, DISCLOSE, COPY, OR RETAIN THIS INFORMATION. IF YOU BELIEVE YOU MAY HAVE RECEIVED THIS INFORMATION IN ERROR, PLEASE GIVE NOTICE BY IMMEDIATELY REPLYING TO THIS MESSAGE AND DELETE THE ORIGINAL MESSAGE. From: Anthony Richardson<anthonyjoopportunityannatx.com> Sent: Thursday, March 4, 2021 5:15 PM To: toberp!erceOmsn.com Cc: Clark McCoy <cmccoy(@wtmlaw.net> Subject: Re: Question Come on Doris... What are you telling me? Are you leaving? To directly answer your question, one of the requirements for boards and commissions from the City of Anna Charter documents (and it may state this in the charter for the Anna CDC/EDC) is that board members must "reside" within Anna city limits... Although you have a business in Anna, it would not (unfortunately) met that standard. I've included our beloved City Attorney (Clark McCoy) on this email reply to fill in any details and/or correct my response to you. You are a great thinker, strategists, pragmatist, and overall good person. Would not like to lose you, but totally understand. Don't feel (and I don't think you do) any pressure. You make the best decision for you and your family as they come first (always) the CDC/EDC will be okay. Hope this helps. Let Clark or me know if you have any additional questions/comments. All the best to you! Thanks Always, Anthony D. Richardson, MPA President City of Anna 1 214-831-5321 312 N. Powell Pkwy I P.O. Box 776 Anna, TX 75409 I httos:Ho ortunityannatx.com <image001.png> <image002.png> Why locate your business in Anna? Located on U.S 75 and SH 5 (traffic counts exceed 70,000 cars per day on U.S. 75) One of the fastest -growing cities in North Texas • Excellent schools • Access to an educated workforce • CDC owns an 85-acre business park with infrastructure • Ample available sites for an array of uses: residential; retail/restaurants/entertainment; medical; office; mixed -use; and light industrial On Mar 4, 2021, at 2:00 PM, Doris PIERCE <toberpierce(@msn.com> wrote: Anthony, If my home address changes (outside of Anna) but my business address remains in Anna, can I still be a board member? Doris 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. 7. EDC/CDC Agenda Staff Report Meeting Date: 4/1/2021 Staff Contact: Consider/Discuss/Act on accepting the resignation of Doris Pierce from the CDC Board. SUMMARY: STAFF RECOMMENDATION: ATTACHMENTS: 1. Re_ Resignation From: Doris PIERCE To: Clark McCoy Cc: Anthony Richardson; Carrie Land; Joey Grisham Subject: Re: Resignation Date: Friday, March 5, 2021 9:30:26 AM Attachments: imaae001.ono imaae002.ong Anthony, It is with great sadness that I submit my resignation from the Anna EDC/CDC board effective immediately. A move to Oklahoma removes my eligibility to be a part of this excellent team. Warmly, Doris Pierce On Mar 5, 2021, at 7:45 AM, Clark McCoy <cmccoy@wtmlaw.net> wrote: Anthony, It would be ideal to have a separate short email from Doris to you stating the effective date of her resignation from the Boards. The Boards can then take action to accept the resignations at the next meeting. Clark McCoy I cmccoyy& wtmlaw.net I www.wtmlaw.net I T 972 712 3530 1 F 972 712 3540 Direct Dial 214 620 9005 Wolfe, Tidwell & McCoy, LLP 2591 Dallas Parkway I Suite 300 1 Frisco, Texas 75034 THIS MESSAGE AND ANY ATTACHMENT($) MAY BE SUBJECT TO LEGAL PRIVILEGE. ONLY THE INTENDED RECIPIENT(S), OR PERSONS AUTHORIZED TO RECEIVE FOR THE INTENDED RECIPIENT(S), MAY USE, DISCLOSE, COPY, OR RETAIN THIS INFORMATION. IF YOU BELIEVE YOU MAY HAVE RECEIVED THIS INFORMATION IN ERROR, PLEASE GIVE NOTICE BY IMMEDIATELY REPLYING TO THIS MESSAGE AND DELETE THE ORIGINAL MESSAGE. From: Anthony Richardson <anthony@opportunityannatx.com> Sent: Thursday, March 4, 2021 11:23 PM To: toberpierce@msn.com Cc: Clark McCoy <cmccoy@wtmlaw.net>; Carrie Land <cland@annatexas.gov>; Joey Grisham <jgrisham@annatexas.gov> Subject: Re: Question +Carrie Land and Joey Grisham We understand Doris, and as Clark concluded, "wishing you the very best..." No need for the food (thanks for the thought though) Is Hutchins back open? I know they suffered a fire that closed operations. Not sure if that was permanent (for that location) or temporary. Clark - For closure, may we use Doris' remarks in this email as a formal resignation? Thanks Always, Anthony D. Richardson, MPA President City of Anna 1 214-831-5321 312 N. Powell Pkwy I P.O. Box 776 Anna, TX 75409 1 httos://oor)ortunityannatx.com <image001.png> <image002.png> Why locate your business in Anna? • Located on Ll 75 and SH 5 (traffic counts exceed 70,000 cars per day on U.S. 75) One of the fastest -growing cities in North Texas Excellent schools Access to an educated workforce CDC owns an 85-acre business park with infrastructure • Ample available sites for an array of uses: residential; retail/restaurants/entertainment; medical; office; mixed -use; and light industrial On Mar 4, 2021, at 9:03 PM, Doris PIERCE <toberDlerce(@msn.cOm> wrote Thank you Clark. Your insight, expertise and knowledge of the law as it applies to board members has been phenomenal and I know we've all depended on you many a time. I will really miss working with you and hope we can still stay in touch, as I hope to be able to with all the board and staff I've so enjoyed getting to know. Best to you also. Get Outlook for iOS From: Doris PIERCE <toberpierce(@msn.com> Sent: Thursday, March 4, 2021 5:44:38 PM To: Clark McCoy <cmccoy(aDwtmlaw. net> Cc: Anthony Richardson<anthony(aopportunityannatx.com> Subject: Re: Question Anthony, Thank you for your kind email. Unfortunately, we are moving. We close on our house tmnv, spend a couple of weeks in Colorado and then move into a small farm in Oklahoma. It's just over the boarder, 45 min from Anna, and our jobs, friends and all other activities stay the same. It will just be a little longer drive. I will not even be able to make it tonight! The buyers have moved up the walk-through tonight and we are scrambling to have everything clean for them.... you know is Germans!! Pis feel free to let the other board members know .... what a terrible way to let everyone know. My mind has been a million place these last 4 weeks. If you want, I can come to personally say my good byes at the next meeting. If you approve, I would bring Hutchins for everyone! I have absolutely loved working with everyone and hope to have a chance to say goodbye bye personally. My highest respect and admiration for you. Doris On Mar 4, 2021, at 5:21 PM, Clark McCoy <cmccoy bwtmlaw.net> wrote: Anthony is correct. Under Charter Sec. 8.01 board members must be "...qualified voters in the City...". To be a qualified voter a person must reside within the City's corporate limits. Wishing you the very best, Clark McCoy I cmccoyyl7a wtmlaw.net I www.wtmlaw.net I T 972 712 3530 1 F 972 712 3540 Direct Dial 214 620 9005 Wolfe, Tidwell & McCoy, LLP 2591 Dallas Parkway I Suite 300 1 Frisco, Texas 75034 THIS MESSAGE AND ANY ATTACHMENT(S) MAY BE SUBJECT TO LEGAL PRIVILEGE. ONLY THE INTENDED RECIPIENT(S), OR PERSONS AUTHORIZED TO RECEIVE FOR THE INTENDED RECIPIENT(S), MAY USE, DISCLOSE, COPY, OR RETAIN THIS INFORMATION. IF YOU BELIEVE YOU MAY HAVE RECEIVED THIS INFORMATION IN ERROR, PLEASE GIVE NOTICE BY IMMEDIATELY REPLYING TO THIS MESSAGE AND DELETE THE ORIGINAL MESSAGE. From: Anthony Richardson<anthonyjoopportunityannatx.com> Sent: Thursday, March 4, 2021 5:15 PM To: toberp!erceOmsn.com Cc: Clark McCoy <cmccoy(@wtmlaw.net> Subject: Re: Question Come on Doris... What are you telling me? Are you leaving? To directly answer your question, one of the requirements for boards and commissions from the City of Anna Charter documents (and it may state this in the charter for the Anna CDC/EDC) is that board members must "reside" within Anna city limits... Although you have a business in Anna, it would not (unfortunately) met that standard. I've included our beloved City Attorney (Clark McCoy) on this email reply to fill in any details and/or correct my response to you. You are a great thinker, strategists, pragmatist, and overall good person. Would not like to lose you, but totally understand. Don't feel (and I don't think you do) any pressure. You make the best decision for you and your family as they come first (always) the CDC/EDC will be okay. Hope this helps. Let Clark or me know if you have any additional questions/comments. All the best to you! Thanks Always, Anthony D. Richardson, MPA President City of Anna 1 214-831-5321 312 N. Powell Pkwy I P.O. Box 776 Anna, TX 75409 I httos:Ho ortunityannatx.com <image001.png> <image002.png> Why locate your business in Anna? Located on U.S 75 and SH 5 (traffic counts exceed 70,000 cars per day on U.S. 75) One of the fastest -growing cities in North Texas • Excellent schools • Access to an educated workforce • CDC owns an 85-acre business park with infrastructure • Ample available sites for an array of uses: residential; retail/restaurants/entertainment; medical; office; mixed -use; and light industrial On Mar 4, 2021, at 2:00 PM, Doris PIERCE <toberpierce(@msn.com> wrote: Anthony, If my home address changes (outside of Anna) but my business address remains in Anna, can I still be a board member? Doris 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. 8. EDC/CDC Agenda Staff Report Meeting Date: 4/1/2021 Staff Contact: Consider/Discuss/Act on approving a resolution amending a contract with Carey Cox Real Estate for real estate representation. (CDC) SUMMARY: The time has come to renew our real estate contract with Carey Cox Real Estate as the listing broker for the Anna Business Park. Staff has been very pleased with the efforts of Carey Cox and recommends approval. STAFF RECOMMENDATION: On behalf of the CDC, I make a motion to approve the resolution amending the real estate contract with Carey Cox Real Estate. ATTACHMENTS: 1. CDC Resolution for Carey Cox Agreement extension 2. Amendment 3. 85 Acres Listing Executed Agreement 4.25.19 ANNA COMMUNITY DEVELOPMENT CORPORATION RESOLUTION NO. A RESOLUTION OF THE ANNA COMMUNITY DEVELOPMENT CORPORATION APPROVING AND AUTHORIZING AN AMENDMENT TO A CONTRACT FOR REAL ESTATE REPRESENTATION WITH CAREY COX REAL ESTATE WHEREAS, on April 22, 2019, the Anna Community Development Corporation (the "CDC") entered into that certain North Texas Commercial Association of Realtors Exclusive Listing Agreement for Sale or Lease attached hereto as Exhibit 1 (the "Agreement") with Carey Cox Real Estate; and WHEREAS, the CDC extended the listing term for an additional one (1) year period on April 9, 2020; and WHEREAS, the Parties desire to extend the listing term of the Agreement for an additional one (1) year period; 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 Extend Term of Agreement. The CDC Board of Directors hereby approves amending the term of this Agreement by adding one (1) year as attached hereto and incorporated herein for all purposes as set forth in full. Section 3. No Other Amendments. The Agreement shall otherwise remain in full force and effect. APPROVED: Anthony Richardson, CDC President ATTEST: Rocio Gonzalez, CDC Secretary AMENDMENT TO EXCLUSIVE LISTING AGREEMENT This Amendment to the Exclusive Listing Agreement identified below (this "Amendment") is entered into on April 1, 2021 by and amongst Carey Cox Company, Anna Economic Development Corporation, and Anna Community Development Corporation (collectively, the "Parties"). WHEREAS, on April 22, 2019, the Parties entered into that certain North Texas Commercial Association of Realtors Exclusive Listing Agreement for Sale or Lease attached hereto as Exhibit 1 (the "Agreement"); and WHEREAS, the listing term of the Agreement was extended by both parties on April 9, 2020; and WHEREAS, the Parties desire to extend the listing term of the Agreement for an additional one (1) year period; NOW THEREFORE, THE PARTIES HEREBY AGREE AS FOLLOWS: Section 1. Recitals Incorporated. The recitals set forth above are incorporated herein for all purposes as if set forth in full. Section 2. Amendment to Extend Term of Agreement. The Parties agree to amend the first sentence of paragraph 2 on page one (1) of the Agreement to read as follows: "2. Listing Term. The term of this Agreement (the `Term') commences on its execution and will expire three (3) years from the Execution Date (the `Expiration Date')." Section 3. No Other Amendments. The Agreement shall otherwise remain in full force and effect. SIGNATURES: OWNER: BROKER: Anna Economic Development Corporation Carey Cox Company Anna Community Development Corporation Anthony Richardson, President David Cox, Principal AMENDMENT TO LISTING AGREEMENT Page 1 of 1 Carey Cox Company NORTH TEXAS COMMERCIAL ASSOCIATION OF REALTORS@ EXCLUSIVE LISTING AGREEMENT FOR SALE OR LEASE This Agreement is entered into by the undersigned owner(s) (the "Owner") and broker (the "Broker") regarding the property described as Abs A0033 D E W Babb Survey, Sheet 2, Tract 178, 85.571 Acres in Collin County, Texas, or as may be more particularly described on any attached Exhibit "A", SURVEY AND/OR LEGAL DESCRIPTION, together with the improvements located upon the property and owned by Owner (collectively, the "Property"). Owner desires to retain the services of Broker to help Owner sell and/or lease the Property. For valuable consideration, Owner and Broker agree as follows: 1. Appointment. Owner appoints Broker as Owner's agent for the Term (defined below), upon the terms and conditions in this Agreement, with the exclusive right to list and [check all applicable boxes] ❑X sell the Property, and/or ❑ lease the Property. Broker will assist Owner in the marketing of the Property and in the negotiating of a sale or lease agreement with any prospective purchaser or tenant (the "Prospect"). Broker may carry out Broker's duties under this Agreement through Broker's sales associates and other brokers ("Cooperating Brokers"). The term "sale" as used in this Agreement includes an exchange. 2. Listing Term. The term of this Agreement (the "Term") commences on its execution and will expire on 1 Year from Execution Date (the "Expiration Date"). Notwithstanding the foregoing, this Agreement may be terminated by either party hereto, with or without cause, by delivering prior written notice of such early termination to the other party. If so terminated, the Term shall be deemed to expire 60 days after said prior written notice is delivered. 3. Listing Price for Sale. The listing sales price of the Property is $ TBDby Owner 4. Listing Rent and Terms for Lease. The listing rental and terms of the Property for lease are: Unless Owner agrees otherwise in a written lease, Owner will pay the following expenses [check all applicable boxes]: full services provided to tenant❑, real estate taxe0 property insurance premiums❑common area maintenance; maintenance of roof, foundation and structural soundness; alr]utilities; utilitiesutilitws except electricity; or none (absolute net lease). 5. Professional Service Fee. a. Owner agrees to pay Broker a professional service fee (the "Fee") asset forth below [check all applicable boxes]: ❑X (i) Sale. (A) Six Point Zero percent ( 6.000 %) of the Sales Price of the Property; or (B) $ . The term "Sales Price" means the gross sales price of the Property, including the value of any other property given in exchange. Owner shall pay the Fee or cause the Fee to be paid to Broker at the closing of the sale. ❑ (ii) Lease. (A) percent ( %) of the aggregate rental provided in the lease (the "Rental"); or (B) $ Owner shall pay the Fee or cause the Fee to be paid to Broker: ❑ one-half upon execution of a lease agreement and one-half upon possession of the Property by the Prospect; or If the Property is leased to a Prospect procured by a Cooperating Broker, then the Fee will be increased to 150% of the amount specified above. b. The Fee is payable in the county in which the Property is located. Execution by the Owner of a contract or lease on any price, rental or terms other than as listed in this Agreement will not preclude Broker from collecting the Fee based upon the actual price or rental. Owner will pay the Fee upon the sale, exchange, lease or transfer EXCLUSIVE LISTING AGREEMENT ©Copyright 2014 NTCAR Form No. 4 (7-22-14) Carey Cox Company, P. O. Box 977 McKinney TX 75070 Phone. (972)562-8003 Fax 85.57 .Acres - Anna David Cox Produced with zipForrr) by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 www.ziDLoaix.com of a legal or equitable interest in the Property (including a contract for deed) to a Prospect during the Term or during the Protection Period. In the event of an exchange of the Property, Broker may receive a professional service fee from each of the parties to the transaction, and the amount of the Fee paid by Owner pursuant to any exchange will be determined by the greater of the listing sales price or the agreed value of the Property as set forth in the exchange agreement. Owner authorizes any title company escrow officer, or any other person handling the closing of any transaction, to pay the Fee directly to Broker out of the proceeds at the closing. 6. Protection Period. As to transactions that close after the Expiration Date, Owner will pay the Fee to Broker upon the closing of a transaction with a Listed Prospect (defined below) if, within 180 days after the Expiration Date (the "Protection Period"), Owner: (i) executes a contract of sale or exchange with a Listed Prospect or (ii) otherwise agrees to transfer any legal or equitable interest in the Property to a Listed Prospect. The term "Listed Prospect" means a Prospect named on a written list of Prospects with whom Broker has had contact, not to exceed 20 names, delivered to Owner within 10 days after the Expiration Date, provided Broker (or a Cooperating Broker) during the Term: (i) procured the Prospect; (ii) engaged in negotiations with the Prospect; or (iii) showed the Property to the Prospect. If there is a pending agreement to sell or lease the Property (a "Pending Transaction") between Owner and a Prospect, including a contingency contract or an option agreement, and the Pending Transaction has not been closed and funded before the Expiration Date, then this Agreement will remain in effect as to the Pending Transaction until the earlier of: (i) the Pending Transaction closes and the Fee is paid to Broker; or (ii) the Pending Transaction expires or is terminated, and is not renewed or reinstated. The prospective purchaser or tenant in any Pending Transaction will automatically be deemed to be a Listed Prospect, in addition to any that might be set forth on any list of Prospects Broker may deliver to Owner. If Owner enters into a listing agreement with another real estate broker with respect to the Property after the Expiration Date, then Owner shall exclude the Listed Prospects from the other broker's listing agreement during the Protection Period. 7. I DnneIual Expansion or @aIn ■ ■ - - • ■ - - - - - - ■ - - - - - - - ■ 8. Owner's Representations. Owner represents to Broker and agrees as follows: a. Title. Owner: (i) is the sole fee simple owner of the Property; (ii) is authorized and has the capacity to execute and deliver this Agreement; (iii) has the right and authority to convey good and indefeasible title to the Property; and (iv) has the right and authority to sell and lease the Property. b. Legal Action. Owner shall notify Broker in writing if any actions are brought, or Owner receives any written notices pertaining to, any foreclosures, lien claims, litigation, or condemnation proceedings with respect to the Property or any part of the Property. EXCLUSIVE LISTING AGREEMENT ©Copyright 2014 NTCAR Form No. 4 (7-22-14) Produced with zipFormS by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 www.zipLogix.com 85.57 Acres - c. Disclosures. To Owner's knowledge, other than as disclosed to Broker in writing, the Property: (i) does not have any material latent, structural or construction defects; and (ii) is not contaminated with any toxic or hazardous substance in violation of applicable laws and regulations. d. Cooperation. Owner shall refer all inquiries about the Property to Broker, and Owner shall conduct negotiations with Prospects through Broker. e. Indemnity. Owner shall defend and indemnify Broker, Broker's sales associates and subagents against any liability and expense (including, but not limited to, reasonable attorney's fees) due to: (i) any incomplete, incorrect, misleading or inaccurate information furnished by Owner about the Property; or (ii) concealment by Owner of any material information about the Property. f. Expenses. Owner will promptly pay, or reimburse Broker for, those expenses incurred by Broker on behalf of Owner in advertising and marketing the Property that are specifically authorized by Owner, after receipt by Owner of a written statement of the authorized expenses. 9. Cooperating Brokers. Owner authorizes Broker to cooperate with and use the services of Cooperating Brokers and their sales associates from time to time. Broker may share a portion of the Fee with Cooperating Brokers, including Cooperating Brokers who may be acting as agents for Prospects. Owner shall pay the full amount of the Fee to Broker, and Broker may divide the Fee with Cooperating Brokers in proportions determined by Broker. 10. Broker's Authority. a. Broker will use such marketing techniques and devote such time and effort on Owner's behalf as Broker reasonably deems appropriate and necessary to attempt to achieve the timely sale or lease of the Property. Owner gives Broker the exclusive right to place advertising signs on the Property and to remove all other real estate signs. Owner authorizes Broker to list the Property in a computer network. b. Broker is authorized to enter upon the Property at reasonable times to show the Property to Prospects, Cooperating Brokers, inspectors, agents and contractors. c. Broker may use the listing information, Sales Price, Rental and terms information for Broker's market evaluation, networking and appraisal purposes, and for disclosing to other persons as Broker may deem desirable, including disclosing the information in a computer network. 11. Intermediary Relationship. If Exhibit "B", Intermediary Relationship, is attached to this Agreement, then Owner authorizes Broker to act as an intermediary as set forth in that exhibit. 12. Miscellaneous. a. Notices. Any notice under this Agreement must be in writing and will be deemed delivered on the earlier of: (i) actual receipt, if delivered in person or by messenger with evidence of delivery; (ii) receipt of a facsimile transmission ("Fax") with confirmation of delivery; or (iii) upon deposit with the United States Postal Service, certified mail, return receipt requested, postage prepaid, and properly addressed to the intended recipient at the address set forth below. ❑ Owner also consents to receive any notices by email. ❑ Broker also consents to receive any notices by email. b. Right to Claim a Lien. Pursuant to Chapter 62 of the Texas Property Code, Broker discloses Broker's right to claim a lien based on this Agreement. Owner will include a provision in any Lease as to which Broker is entitled to a Fee pursuant to this Agreement that confirms the agreement to pay the Fee to Broker. c. Limitation of Liability. Broker's liability for Broker's breach of this Agreement, negligence, or otherwise, is limited to the return of the Fee, if any, paid to Broker pursuant to this Agreement. d. Options. If Owner enters into an option agreement to sell or lease all or part of the Property to a Prospect during the Term or during the Protection Period, and Owner collects payments as consideration for the option, EXCLUSIVE LISTING AGREEMENT ©Copyright 2014 NTCAR Form No. 4 (7-22-14) Produced with zipForm@ by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 www.zi[)Locix.com 85.57 Ades - then Owner shall pay to Broker, as option payments are received, a commission (the "Option Commission") in the amount of one-third (1/3) of each option payment as compensation earned by Broker for services rendered under this Agreement. The Option Commission will be non-refundable if the Prospect does not exercise the option, but if the Prospect exercises the option then the sum of the Option Commission paid to Broker will be credited toward Owner's obligation to pay the Fee to Broker upon the sale or lease of the Property. e. , and the PFGperty GGRstituteis substantially all of the assets of Owner, then a transfer of a rnajer;ty nf thp lstnr, stitute a sale fer purposes of this Agreement, and Owner shal may. f. Related Persons. For purposes of this Agreement, any person or entity related to a Prospect or a Listed Prospect by family or business relationship will also be deemed to be a Prospect or Listed Prospect. g. Legal Expenses. The prevailing party in any legal proceeding brought in relation to this Agreement is entitled to recover from the other party reasonable attorneys' fees, pre -judgment interest as allowed by law, and costs of collection, in addition to the Fee and any other recovery the prevailing party may be entitled to receive. h. Severability. If any provision of this Agreement is found by a court to be invalid or unenforceable, then the invalid or unenforceable provision will be deemed to be deleted from this Agreement, and the remainder of this Agreement will continue to be valid and enforceable. I. Binding Effect. This Agreement is binding upon and for the benefit of the parties to this Agreement and their successors, heirs and permitted assigns. This Agreement may not be assigned by either party without the written consent of the other party. This Agreement cannot be modified or terminated except by a written agreement executed by both parties. Each party acknowledges that they have read this Agreement and have had an opportunity to review it with an attorney of their choice. j. Governing Law. This Agreement will be governed by the laws of the State of Texas. k. Description of Property. If a more accurate description of the Property is set forth in any contract or Lease executed by Owner and any Prospect, or in any survey prepared pursuant to any contract or Lease, then the more accurate description will be deemed to be incorporated in this Agreement as the description of the Property. I. Information About Brokerage Services. Owner acknowledges receipt of the Information About Brokerage Services form attached to this Agreement as Exhibit "C". m. Disclosure Notice. If a completed Disclosure Notice is attached to this Agreement as Exhibit "D", then Owner has made a statement of the condition of the Property, to the best of Owner's knowledge, as set forth on the attached Exhibit "D". n. Exhibits. Any exhibits and addenda attached to this Agreement are incorporated as a part of this Agreement: Exhibit "A" - Survey and/or Legal Description Exhibit "B" - Intermediary Relationship Authorized Exhibit "C" - Information About Brokerage Services Exhibit "D" - Disclosure Notice 13. Special Provisions. EXCLUSIVE LISTING AGREEMENT ©Copyright 2014 NTCAR Form No. 4 (7-22-14) Produced with ApForm® by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 www.zioLoaix.com 85.57 Acres - This Agreement is effective on the last date beneath the signatures below. OWNER: /1w BROKER: Anna Economic Development Corporgpon Anna Community Development 5@Qrtion `o4 Carey Cox Company/1 I i i By [Signature]: By [Signature]: Printed Name: Anthony Richardson Printed Name: D v'd"Cox Title: Board President Title: Principal Address: 111 N Powell Pkwy Address: 321 N. Central Expressway, Suite 370 Anna, TX 75409 McKinney, TX 75070 Phone: Telephone: (972)562-8003 Fax: Fax: 972 562-0594 Date: �2- Z ' Date: PERMISSION TO USE: This form is provided for use by members of the North Texas Commercial Association of Realtors®, Inc. (' NTCAR'), members of the North Texas Commercial Association of Real Estate Professionals, Inc., and other licensed users of an NTCAR electronic forms system. Permission is given to make limited copies of the current version of this form for use in a particular Texas real estate transaction. Please contact the NTCAR office to confirm you are using the current version of this form. Mass production, or reproduction for resale, is not allowed without express permission. Any changes to this form must be made in a manner that is obvious. If any words are deleted, they must be left in the form with a line drawn through them. If changes are made that are not obvious, the person who made the change could be subject to a claim of fraud or misrepresentation for passing off an altered form as if it were the genuine NTCAR form. EXCLUSIVE LISTING AGREEMENT ©Copyright 2014 NTCAR Form No. 4 (7-22-14) Produced with zipForrrO by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 www.zipLocix.com 85.57 Acres - Carey Cox Company EXHIBIT "A" SURVEY AND/OR LEGAL DESCRIPTION Abs A0033 D E W Babb Survey, Sheet 2, Tract 178, 85.571 Acres EXCLUSIVE LISTING AGREEMENT ©Copyright 2014 NTCAR Form No. 4 (7-22-14) Carey Cox Company, P. O. Box 977 McKinney TX 75070 Phone: (972)562-8003 Fax 85.57 Acres - Anna David Co. Produced with zipFormV by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 www.zir)Locix.com Carey Cox Company EXHIBIT "B" INTERMEDIARY RELATIONSHIP AUTHORIZED a. Authorization. Owner authorizes Broker to show the Property to Prospects represented by Broker. If any Prospect represented by Broker wishes to purchase or lease the Property, Owner authorizes Broker to act as an intermediary between Owner and the Prospect, and to assist both Owner and the Prospect in negotiations for the sale or lease of the Property. In that event, Broker's compensation will be paid by Owner in accordance with the terms of this Agreement, and Broker may also be paid a fee by the Prospect. A broker, and any broker or salesperson appointed to communicate with and carry out instructions of one party, who acts as an intermediary is required to act fairly and impartially, and may not: (i) disclose to the buyer or tenant that the seller or landlord will accept a priceless than the asking price, unless otherwise instructed in a separate writing by the seller or landlord; (ii) disclose to the seller or landlord that the buyer or tenant will pay a price greater than the price submitted in a written offer to the seller or landlord, unless otherwise instructed in a separate writing by the buyer or tenant; (iii) disclose any confidential information, or any information a party specifically instructs the real estate broker in writing not to disclose, unless: (a) the broker or salesperson is otherwise instructed in a separate writing by the respective party; (b) the broker or salesperson is required to disclose the information by the Texas Real Estate License Act or a court order; or (c) the information materially relates to the condition of the Property; (iv) treat a party to the transaction dishonestly; or (v) violate the Texas Real Estate License Act. b. Appointments. Broker is authorized to appoint, by providing written notice to the parties, a license holder associated with Broker to communicate with and carry out instructions of one party, and another license holder associated with Broker to communicate with and carry out instructions of the other party. An appointed license holder may provide opinions and advice during negotiations to the party to whom the license holder is appointed. OWNER Anthony Richardson, Board President Anna Economic Development Corporation Anna Community Development Corporation EXCLUSIVE LISTING AGREEMENT ©Copyright 2014 NTCAR Form No. 4 (7-22-14) Carey Cox Company, P. O. Box 977 McKinney TX 75070 Phone: (972)561-8003 Fax 85.57 .Acres - Anna EXHIBIT C „-; Information About Brokerage Services $°vP'b`s"1°ui1iTv Texas law requires all real estate license holders to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords. TYPES OF REAL ESTATE LICENSE HOLDERS: • A BROKER is responsible for all brokerage activities, including acts performed by sales agents sponsored by the broker. • A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker. A BROKER'S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents): • Put the interests of the client above all others, including the broker's own interests; • Inform the client of any material information about the property or transaction received by the broker; • Answer the client's questions and present any offer to or counter-offer from the client; and • Treat all parties to a real estate transaction honestly and fairly. A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION: 11-2-2015 AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner's agentthrough an agreement with the owner, usually in a written listing to sell or property management agreement. An owner's agent must perform the broker's minimum duties above and must inform the owner of any material information about the property or transaction known by the agent, including information disclosed to the agent or subagent by the buyer or buyer's agent. AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant's agent by agreeing to represent the buyer, usually through a written representation agreement. A buyer's agent must perform the broker's minimum duties above and must inform the buyer of any material information about the property or transaction known by the agent, including information disclosed to the agent by the seller or seller's agent. AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parties the broker must first obtain the written agreement of each party to the transaction. The written agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obligations as an intermediary. A broker who acts as an intermediary: • Must treat all parties to the transaction impartially and fairly; • May, with the parties' written consent, appoint a different license holder associated with the broker to each party (owner and buyer) to communicate with, provide opinions and advice to, and carry out the instructions of each party to the transaction. • Must not, unless specifically authorized in writing to do so by the party, disclose: o that the owner will accept a price less than the written asking price; o that the buyer/tenant will pay a price greater than the price submitted in a written offer; and o any confidential information or any other information that a party specifically instructs the broker in writing not to disclose, unless required to do so by law. AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transaction without an agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first. TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH: • The broker's duties and responsibilities to you, and your obligations under the representation agreement. • Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated. LICENSE HOLDER CONTACT INFORMATION: This notice is being provided for information purposes. It does not create an obligation for you to use the broker's services. Please acknowledge receipt of this notice below and retain a copy for your records. Carey Cox Company 3 8 5 2 3 3 bcox@careycoxcompany.com 972-562-8003 Licensed Broker /Broker Firm Name or License No. Email Phone Primary Assumed Business Name A1711 I .r, 1IN219W Designated Broker of Firm David Cox Licensed Supervisor of Sales Agent/ Associate David Cox Sales Agent/Associate's Name 3 417 8 8 bcox@careycoxcompany.com 972-562-8003 License No. Email Phone 4 7 2 92 8 dcox@careycoxcompany.com 972-562-8003 License o. Email Phone 4 7 2 9 2 8 dcox@careycoxcompany.com License No. — Email Buyer/Tenant/Seller/Landlord Initials Date 972-562-8003 Phone Regulated by the Texas Real Estate Commission Information available atwww.trec.texas.gov TABS 1-0 Carey Cox Company EXHIBIT "D" DISCLOSURE NOTICE This Disclosure Notice (this "Notice") is a statement by Owner of the condition of the Property made as of the date of this Notice. This is is not a substitute for any inspections any tenant or purchaser may make or for warranties that may be made by others. To best of Owner's knowledge, other than disclosed by Owner in this Notice: (1) the Property does not have any material latent, structural, or construction defects; (2) the Property is not contaminated with Hazardous Materials in violation of applicable laws and regulations; (3) none of the improvements on the Property has been constructed of materials known to be a potential health hazard to occupants of the Property; and (4) the following information is true and correct in all material respects, and Owner has included any material fact concerning the Property of which Owner is aware. These representations are not warranties or guarantees by Owner. Owner authorizes the Brokers to disclose to any tenant or purchaser all information about the condition of the Property whether disclosed to the Brokers by Owner orally or in writing (by this Notice or otherwise), or otherwise discovered. Owner shall advise any tenant or purchaser and the Brokers of any other material fact or condition, not reported here, that may arise or become known to Owner before the Closing. These representations are made by Owner only and are not representations of the Brokers. Owner acknowledges that any tenant or purchaser and the Brokers will be relying upon the accuracy and completeness of this information. Please answer all questions. If the answer to any question is "Yes," explain on a separate sheet. N/A YES NO UNKNOWN 1. Buildings and Improvements. Are there any defects or repairs needed to the following? a. Roof, parapets, flashing, penetrations, chimneys, skylights b. Air conditioning, refrigeration, heating, ventilating systems, air ducting, fans c. Foundation piers, slabs, grade beams, footings, retaining walls d. Floors, interiors, floor coverings, ceilings, millwork, partitions e. Exterior walls, curtain walls, weather proofing, caulking f. Structural components, columns, trusses, beams, bracing g. Electrical systems, wiring, lighting, fixtures and equipment h. Plumbing systems, piping, drains, valves, fixtures and equipment i. Elevators, escalators, overhead doors, other built-in mechanical equipment j. Windows, doors, plate glass, canopies, other architectural features k. Parking areas, driveways, steps, walks, curbs and otherpavements I. Landscaping, irrigation systems, embankments, fences, signs 2. Hazardous Materials. Have there been any Hazardous Materials: a. Released or deposited on or under or about the Property, or leaking on or from the Property? b. Used in the construction of the improvements or in finishing materials? c. Released or deposited on or leaking from other properties contiguous to the Property? 3. Subsurface Conditions. a. Are there any material soil, geological, groundwater, or foundation problems? b. Are there underground storage tanks or leaking pipes on the Property? c. Is the Property situated in a wetland or over a garbage dump or waste landfill? EXCLUSIVE LISTING AGREEMENT ©Copyright 2014 NTCAR Form No. 4 (7-22-14) Carey Cox Company, P. 0. Box 977 McKinney TX 75070 Phone. (972i562-8003 Fax 85.57 Acres - Anna David Cox Produced with zipFonr@ by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 wsvw.z pLovix.cam NIA YES NO UNKNOWN 4. Special Conditions. a. Are there any public or private easements or agreements for utilities or access? b. Is the property flood prone or located in a 100-year flood plain? c. Are there any violations of building codes, zoning ordinances, EPA regulations, OSHA regulations, or Texas Commission on Environmental Quality rules? d. Are there any violations of Deed Restrictions covering the Property? e. Are there any threatened condemnations by public authorities or utility companies, including planned streets, highways, railroads, utilities, or development projects? f. Is the Property located in a historical district orplaDDEd development district? g. Is the Property In any special zoning district or under a specific use permit? h. Are there any pending changes in zoning or in the physical condition of the Property? i. Is the Property subject to membership in a property owners' association or dues? 5. Utilities Present. (Strike those not on the Property): City Water; Sanitary Sewer; Storm ainage, Natural Gas; Electricity. OWNER: Anna Economic Development By: P....,.,, ,nifv n—lnnment Corooration Anthony Richardson, Board President Date: EXCLUSIVE LISTING AGREEMENT ©Copyright 2014 NTCAR Form No. 4 (7-22-14) Produced with zipForm® by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 www. ZIPLooix. com 85.57 acres - 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 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. 9. EDC/CDC Agenda Staff Report Meeting Date: 4/1/2021 Staff Contact: Consider/Discuss/Act on approving a resolution amending a contract with Carey Cox Real Estate for real estate representation. (EDC) SUMMARY: The time has come to renew our real estate contract with Carey Cox Real Estate as the listing broker for the Anna Business Park. Staff has been very pleased with the efforts of Carey Cox and recommends approval. STAFF RECOMMENDATION: On behalf of the EDC, I make a motion to approve a resolution amending the real estate contract with Carey Cox Real Estate. ATTACHMENTS: 1. EDC Resolution for Carey Cox Agreement extension 2. Amendment 3. 85 Acres Listing Executed Agreement 4.25.19 ANNA ECONOMIC DEVELOPMENT CORPORATION RESOLUTION NO. A RESOLUTION OF THE ANNA ECONOMIC DEVELOPMENT CORPORATION APPROVING AND AUTHORIZING AN AMENDMENT TO A CONTRACT FOR REAL ESTATE REPRESENTATION WITH CAREY COX REAL ESTATE WHEREAS, on April 22, 2019, the Anna Economic Development Corporation (the "EDC") entered into that certain North Texas Commercial Association of Realtors Exclusive Listing Agreement for Sale or Lease attached hereto as Exhibit 1 (the "Agreement") with Carey Cox Real Estate; and WHEREAS, the EDC extended the listing term for an additional one (1) year period on April 9, 2020; and WHEREAS, the Parties desire to extend the listing term of the Agreement for an additional one (1) year period; 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 Extend Term of Agreement. The EDC Board of Directors hereby approves amending the term of this Agreement by adding one (1) year as attached hereto and incorporated herein for all purposes as set forth in full. Section 3. No Other Amendments. The Agreement shall otherwise remain in full force and effect. APPROVED: Anthony Richardson, EDC President ATTEST: Rocio Gonzalez, EDC Secretary AMENDMENT TO EXCLUSIVE LISTING AGREEMENT This Amendment to the Exclusive Listing Agreement identified below (this "Amendment") is entered into on April 1, 2021 by and amongst Carey Cox Company, Anna Economic Development Corporation, and Anna Community Development Corporation (collectively, the "Parties"). WHEREAS, on April 22, 2019, the Parties entered into that certain North Texas Commercial Association of Realtors Exclusive Listing Agreement for Sale or Lease attached hereto as Exhibit 1 (the "Agreement"); and WHEREAS, the listing term of the Agreement was extended by both parties on April 9, 2020; and WHEREAS, the Parties desire to extend the listing term of the Agreement for an additional one (1) year period; NOW THEREFORE, THE PARTIES HEREBY AGREE AS FOLLOWS: Section 1. Recitals Incorporated. The recitals set forth above are incorporated herein for all purposes as if set forth in full. Section 2. Amendment to Extend Term of Agreement. The Parties agree to amend the first sentence of paragraph 2 on page one (1) of the Agreement to read as follows: "2. Listing Term. The term of this Agreement (the `Term') commences on its execution and will expire three (3) years from the Execution Date (the `Expiration Date')." Section 3. No Other Amendments. The Agreement shall otherwise remain in full force and effect. SIGNATURES: OWNER: BROKER: Anna Economic Development Corporation Carey Cox Company Anna Community Development Corporation Anthony Richardson, President David Cox, Principal AMENDMENT TO LISTING AGREEMENT Page 1 of 1 Carey Cox Company NORTH TEXAS COMMERCIAL ASSOCIATION OF REALTORS@ EXCLUSIVE LISTING AGREEMENT FOR SALE OR LEASE This Agreement is entered into by the undersigned owner(s) (the "Owner") and broker (the "Broker") regarding the property described as Abs A0033 D E W Babb Survey, Sheet 2, Tract 178, 85.571 Acres in Collin County, Texas, or as may be more particularly described on any attached Exhibit "A", SURVEY AND/OR LEGAL DESCRIPTION, together with the improvements located upon the property and owned by Owner (collectively, the "Property"). Owner desires to retain the services of Broker to help Owner sell and/or lease the Property. For valuable consideration, Owner and Broker agree as follows: 1. Appointment. Owner appoints Broker as Owner's agent for the Term (defined below), upon the terms and conditions in this Agreement, with the exclusive right to list and [check all applicable boxes] ❑X sell the Property, and/or ❑ lease the Property. Broker will assist Owner in the marketing of the Property and in the negotiating of a sale or lease agreement with any prospective purchaser or tenant (the "Prospect"). Broker may carry out Broker's duties under this Agreement through Broker's sales associates and other brokers ("Cooperating Brokers"). The term "sale" as used in this Agreement includes an exchange. 2. Listing Term. The term of this Agreement (the "Term") commences on its execution and will expire on 1 Year from Execution Date (the "Expiration Date"). Notwithstanding the foregoing, this Agreement may be terminated by either party hereto, with or without cause, by delivering prior written notice of such early termination to the other party. If so terminated, the Term shall be deemed to expire 60 days after said prior written notice is delivered. 3. Listing Price for Sale. The listing sales price of the Property is $ TBDby Owner 4. Listing Rent and Terms for Lease. The listing rental and terms of the Property for lease are: Unless Owner agrees otherwise in a written lease, Owner will pay the following expenses [check all applicable boxes]: full services provided to tenant❑, real estate taxe0 property insurance premiums❑common area maintenance; maintenance of roof, foundation and structural soundness; alr]utilities; utilitiesutilitws except electricity; or none (absolute net lease). 5. Professional Service Fee. a. Owner agrees to pay Broker a professional service fee (the "Fee") asset forth below [check all applicable boxes]: ❑X (i) Sale. (A) Six Point Zero percent ( 6.000 %) of the Sales Price of the Property; or (B) $ . The term "Sales Price" means the gross sales price of the Property, including the value of any other property given in exchange. Owner shall pay the Fee or cause the Fee to be paid to Broker at the closing of the sale. ❑ (ii) Lease. (A) percent ( %) of the aggregate rental provided in the lease (the "Rental"); or (B) $ Owner shall pay the Fee or cause the Fee to be paid to Broker: ❑ one-half upon execution of a lease agreement and one-half upon possession of the Property by the Prospect; or If the Property is leased to a Prospect procured by a Cooperating Broker, then the Fee will be increased to 150% of the amount specified above. b. The Fee is payable in the county in which the Property is located. Execution by the Owner of a contract or lease on any price, rental or terms other than as listed in this Agreement will not preclude Broker from collecting the Fee based upon the actual price or rental. Owner will pay the Fee upon the sale, exchange, lease or transfer EXCLUSIVE LISTING AGREEMENT ©Copyright 2014 NTCAR Form No. 4 (7-22-14) Carey Cox Company, P. O. Box 977 McKinney TX 75070 Phone. (972)562-8003 Fax 85.57 .Acres - Anna David Cox Produced with zipForrr) by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 www.ziDLoaix.com of a legal or equitable interest in the Property (including a contract for deed) to a Prospect during the Term or during the Protection Period. In the event of an exchange of the Property, Broker may receive a professional service fee from each of the parties to the transaction, and the amount of the Fee paid by Owner pursuant to any exchange will be determined by the greater of the listing sales price or the agreed value of the Property as set forth in the exchange agreement. Owner authorizes any title company escrow officer, or any other person handling the closing of any transaction, to pay the Fee directly to Broker out of the proceeds at the closing. 6. Protection Period. As to transactions that close after the Expiration Date, Owner will pay the Fee to Broker upon the closing of a transaction with a Listed Prospect (defined below) if, within 180 days after the Expiration Date (the "Protection Period"), Owner: (i) executes a contract of sale or exchange with a Listed Prospect or (ii) otherwise agrees to transfer any legal or equitable interest in the Property to a Listed Prospect. The term "Listed Prospect" means a Prospect named on a written list of Prospects with whom Broker has had contact, not to exceed 20 names, delivered to Owner within 10 days after the Expiration Date, provided Broker (or a Cooperating Broker) during the Term: (i) procured the Prospect; (ii) engaged in negotiations with the Prospect; or (iii) showed the Property to the Prospect. If there is a pending agreement to sell or lease the Property (a "Pending Transaction") between Owner and a Prospect, including a contingency contract or an option agreement, and the Pending Transaction has not been closed and funded before the Expiration Date, then this Agreement will remain in effect as to the Pending Transaction until the earlier of: (i) the Pending Transaction closes and the Fee is paid to Broker; or (ii) the Pending Transaction expires or is terminated, and is not renewed or reinstated. The prospective purchaser or tenant in any Pending Transaction will automatically be deemed to be a Listed Prospect, in addition to any that might be set forth on any list of Prospects Broker may deliver to Owner. If Owner enters into a listing agreement with another real estate broker with respect to the Property after the Expiration Date, then Owner shall exclude the Listed Prospects from the other broker's listing agreement during the Protection Period. 7. I DnneIual Expansion or @aIn ■ ■ - - • ■ - - - - - - ■ - - - - - - - ■ 8. Owner's Representations. Owner represents to Broker and agrees as follows: a. Title. Owner: (i) is the sole fee simple owner of the Property; (ii) is authorized and has the capacity to execute and deliver this Agreement; (iii) has the right and authority to convey good and indefeasible title to the Property; and (iv) has the right and authority to sell and lease the Property. b. Legal Action. Owner shall notify Broker in writing if any actions are brought, or Owner receives any written notices pertaining to, any foreclosures, lien claims, litigation, or condemnation proceedings with respect to the Property or any part of the Property. EXCLUSIVE LISTING AGREEMENT ©Copyright 2014 NTCAR Form No. 4 (7-22-14) Produced with zipFormS by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 www.zipLogix.com 85.57 Acres - c. Disclosures. To Owner's knowledge, other than as disclosed to Broker in writing, the Property: (i) does not have any material latent, structural or construction defects; and (ii) is not contaminated with any toxic or hazardous substance in violation of applicable laws and regulations. d. Cooperation. Owner shall refer all inquiries about the Property to Broker, and Owner shall conduct negotiations with Prospects through Broker. e. Indemnity. Owner shall defend and indemnify Broker, Broker's sales associates and subagents against any liability and expense (including, but not limited to, reasonable attorney's fees) due to: (i) any incomplete, incorrect, misleading or inaccurate information furnished by Owner about the Property; or (ii) concealment by Owner of any material information about the Property. f. Expenses. Owner will promptly pay, or reimburse Broker for, those expenses incurred by Broker on behalf of Owner in advertising and marketing the Property that are specifically authorized by Owner, after receipt by Owner of a written statement of the authorized expenses. 9. Cooperating Brokers. Owner authorizes Broker to cooperate with and use the services of Cooperating Brokers and their sales associates from time to time. Broker may share a portion of the Fee with Cooperating Brokers, including Cooperating Brokers who may be acting as agents for Prospects. Owner shall pay the full amount of the Fee to Broker, and Broker may divide the Fee with Cooperating Brokers in proportions determined by Broker. 10. Broker's Authority. a. Broker will use such marketing techniques and devote such time and effort on Owner's behalf as Broker reasonably deems appropriate and necessary to attempt to achieve the timely sale or lease of the Property. Owner gives Broker the exclusive right to place advertising signs on the Property and to remove all other real estate signs. Owner authorizes Broker to list the Property in a computer network. b. Broker is authorized to enter upon the Property at reasonable times to show the Property to Prospects, Cooperating Brokers, inspectors, agents and contractors. c. Broker may use the listing information, Sales Price, Rental and terms information for Broker's market evaluation, networking and appraisal purposes, and for disclosing to other persons as Broker may deem desirable, including disclosing the information in a computer network. 11. Intermediary Relationship. If Exhibit "B", Intermediary Relationship, is attached to this Agreement, then Owner authorizes Broker to act as an intermediary as set forth in that exhibit. 12. Miscellaneous. a. Notices. Any notice under this Agreement must be in writing and will be deemed delivered on the earlier of: (i) actual receipt, if delivered in person or by messenger with evidence of delivery; (ii) receipt of a facsimile transmission ("Fax") with confirmation of delivery; or (iii) upon deposit with the United States Postal Service, certified mail, return receipt requested, postage prepaid, and properly addressed to the intended recipient at the address set forth below. ❑ Owner also consents to receive any notices by email. ❑ Broker also consents to receive any notices by email. b. Right to Claim a Lien. Pursuant to Chapter 62 of the Texas Property Code, Broker discloses Broker's right to claim a lien based on this Agreement. Owner will include a provision in any Lease as to which Broker is entitled to a Fee pursuant to this Agreement that confirms the agreement to pay the Fee to Broker. c. Limitation of Liability. Broker's liability for Broker's breach of this Agreement, negligence, or otherwise, is limited to the return of the Fee, if any, paid to Broker pursuant to this Agreement. d. Options. If Owner enters into an option agreement to sell or lease all or part of the Property to a Prospect during the Term or during the Protection Period, and Owner collects payments as consideration for the option, EXCLUSIVE LISTING AGREEMENT ©Copyright 2014 NTCAR Form No. 4 (7-22-14) Produced with zipForm@ by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 www.zi[)Locix.com 85.57 Ades - then Owner shall pay to Broker, as option payments are received, a commission (the "Option Commission") in the amount of one-third (1/3) of each option payment as compensation earned by Broker for services rendered under this Agreement. The Option Commission will be non-refundable if the Prospect does not exercise the option, but if the Prospect exercises the option then the sum of the Option Commission paid to Broker will be credited toward Owner's obligation to pay the Fee to Broker upon the sale or lease of the Property. e. , and the PFGperty GGRstituteis substantially all of the assets of Owner, then a transfer of a rnajer;ty nf thp lstnr, stitute a sale fer purposes of this Agreement, and Owner shal may. f. Related Persons. For purposes of this Agreement, any person or entity related to a Prospect or a Listed Prospect by family or business relationship will also be deemed to be a Prospect or Listed Prospect. g. Legal Expenses. The prevailing party in any legal proceeding brought in relation to this Agreement is entitled to recover from the other party reasonable attorneys' fees, pre -judgment interest as allowed by law, and costs of collection, in addition to the Fee and any other recovery the prevailing party may be entitled to receive. h. Severability. If any provision of this Agreement is found by a court to be invalid or unenforceable, then the invalid or unenforceable provision will be deemed to be deleted from this Agreement, and the remainder of this Agreement will continue to be valid and enforceable. I. Binding Effect. This Agreement is binding upon and for the benefit of the parties to this Agreement and their successors, heirs and permitted assigns. This Agreement may not be assigned by either party without the written consent of the other party. This Agreement cannot be modified or terminated except by a written agreement executed by both parties. Each party acknowledges that they have read this Agreement and have had an opportunity to review it with an attorney of their choice. j. Governing Law. This Agreement will be governed by the laws of the State of Texas. k. Description of Property. If a more accurate description of the Property is set forth in any contract or Lease executed by Owner and any Prospect, or in any survey prepared pursuant to any contract or Lease, then the more accurate description will be deemed to be incorporated in this Agreement as the description of the Property. I. Information About Brokerage Services. Owner acknowledges receipt of the Information About Brokerage Services form attached to this Agreement as Exhibit "C". m. Disclosure Notice. If a completed Disclosure Notice is attached to this Agreement as Exhibit "D", then Owner has made a statement of the condition of the Property, to the best of Owner's knowledge, as set forth on the attached Exhibit "D". n. Exhibits. Any exhibits and addenda attached to this Agreement are incorporated as a part of this Agreement: Exhibit "A" - Survey and/or Legal Description Exhibit "B" - Intermediary Relationship Authorized Exhibit "C" - Information About Brokerage Services Exhibit "D" - Disclosure Notice 13. Special Provisions. EXCLUSIVE LISTING AGREEMENT ©Copyright 2014 NTCAR Form No. 4 (7-22-14) Produced with ApForm® by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 www.zioLoaix.com 85.57 Acres - This Agreement is effective on the last date beneath the signatures below. OWNER: /1w BROKER: Anna Economic Development Corporgpon Anna Community Development 5@Qrtion `o4 Carey Cox Company/1 I i i By [Signature]: By [Signature]: Printed Name: Anthony Richardson Printed Name: D v'd"Cox Title: Board President Title: Principal Address: 111 N Powell Pkwy Address: 321 N. Central Expressway, Suite 370 Anna, TX 75409 McKinney, TX 75070 Phone: Telephone: (972)562-8003 Fax: Fax: 972 562-0594 Date: �2- Z ' Date: PERMISSION TO USE: This form is provided for use by members of the North Texas Commercial Association of Realtors®, Inc. (' NTCAR'), members of the North Texas Commercial Association of Real Estate Professionals, Inc., and other licensed users of an NTCAR electronic forms system. Permission is given to make limited copies of the current version of this form for use in a particular Texas real estate transaction. Please contact the NTCAR office to confirm you are using the current version of this form. Mass production, or reproduction for resale, is not allowed without express permission. Any changes to this form must be made in a manner that is obvious. If any words are deleted, they must be left in the form with a line drawn through them. If changes are made that are not obvious, the person who made the change could be subject to a claim of fraud or misrepresentation for passing off an altered form as if it were the genuine NTCAR form. EXCLUSIVE LISTING AGREEMENT ©Copyright 2014 NTCAR Form No. 4 (7-22-14) Produced with zipForrrO by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 www.zipLocix.com 85.57 Acres - Carey Cox Company EXHIBIT "A" SURVEY AND/OR LEGAL DESCRIPTION Abs A0033 D E W Babb Survey, Sheet 2, Tract 178, 85.571 Acres EXCLUSIVE LISTING AGREEMENT ©Copyright 2014 NTCAR Form No. 4 (7-22-14) Carey Cox Company, P. O. Box 977 McKinney TX 75070 Phone: (972)562-8003 Fax 85.57 Acres - Anna David Co. Produced with zipFormV by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 www.zir)Locix.com Carey Cox Company EXHIBIT "B" INTERMEDIARY RELATIONSHIP AUTHORIZED a. Authorization. Owner authorizes Broker to show the Property to Prospects represented by Broker. If any Prospect represented by Broker wishes to purchase or lease the Property, Owner authorizes Broker to act as an intermediary between Owner and the Prospect, and to assist both Owner and the Prospect in negotiations for the sale or lease of the Property. In that event, Broker's compensation will be paid by Owner in accordance with the terms of this Agreement, and Broker may also be paid a fee by the Prospect. A broker, and any broker or salesperson appointed to communicate with and carry out instructions of one party, who acts as an intermediary is required to act fairly and impartially, and may not: (i) disclose to the buyer or tenant that the seller or landlord will accept a priceless than the asking price, unless otherwise instructed in a separate writing by the seller or landlord; (ii) disclose to the seller or landlord that the buyer or tenant will pay a price greater than the price submitted in a written offer to the seller or landlord, unless otherwise instructed in a separate writing by the buyer or tenant; (iii) disclose any confidential information, or any information a party specifically instructs the real estate broker in writing not to disclose, unless: (a) the broker or salesperson is otherwise instructed in a separate writing by the respective party; (b) the broker or salesperson is required to disclose the information by the Texas Real Estate License Act or a court order; or (c) the information materially relates to the condition of the Property; (iv) treat a party to the transaction dishonestly; or (v) violate the Texas Real Estate License Act. b. Appointments. Broker is authorized to appoint, by providing written notice to the parties, a license holder associated with Broker to communicate with and carry out instructions of one party, and another license holder associated with Broker to communicate with and carry out instructions of the other party. An appointed license holder may provide opinions and advice during negotiations to the party to whom the license holder is appointed. OWNER Anthony Richardson, Board President Anna Economic Development Corporation Anna Community Development Corporation EXCLUSIVE LISTING AGREEMENT ©Copyright 2014 NTCAR Form No. 4 (7-22-14) Carey Cox Company, P. O. Box 977 McKinney TX 75070 Phone: (972)561-8003 Fax 85.57 .Acres - Anna EXHIBIT C „-; Information About Brokerage Services $°vP'b`s"1°ui1iTv Texas law requires all real estate license holders to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords. TYPES OF REAL ESTATE LICENSE HOLDERS: • A BROKER is responsible for all brokerage activities, including acts performed by sales agents sponsored by the broker. • A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker. A BROKER'S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents): • Put the interests of the client above all others, including the broker's own interests; • Inform the client of any material information about the property or transaction received by the broker; • Answer the client's questions and present any offer to or counter-offer from the client; and • Treat all parties to a real estate transaction honestly and fairly. A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION: 11-2-2015 AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner's agentthrough an agreement with the owner, usually in a written listing to sell or property management agreement. An owner's agent must perform the broker's minimum duties above and must inform the owner of any material information about the property or transaction known by the agent, including information disclosed to the agent or subagent by the buyer or buyer's agent. AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant's agent by agreeing to represent the buyer, usually through a written representation agreement. A buyer's agent must perform the broker's minimum duties above and must inform the buyer of any material information about the property or transaction known by the agent, including information disclosed to the agent by the seller or seller's agent. AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parties the broker must first obtain the written agreement of each party to the transaction. The written agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obligations as an intermediary. A broker who acts as an intermediary: • Must treat all parties to the transaction impartially and fairly; • May, with the parties' written consent, appoint a different license holder associated with the broker to each party (owner and buyer) to communicate with, provide opinions and advice to, and carry out the instructions of each party to the transaction. • Must not, unless specifically authorized in writing to do so by the party, disclose: o that the owner will accept a price less than the written asking price; o that the buyer/tenant will pay a price greater than the price submitted in a written offer; and o any confidential information or any other information that a party specifically instructs the broker in writing not to disclose, unless required to do so by law. AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transaction without an agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first. TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH: • The broker's duties and responsibilities to you, and your obligations under the representation agreement. • Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated. LICENSE HOLDER CONTACT INFORMATION: This notice is being provided for information purposes. It does not create an obligation for you to use the broker's services. Please acknowledge receipt of this notice below and retain a copy for your records. Carey Cox Company 3 8 5 2 3 3 bcox@careycoxcompany.com 972-562-8003 Licensed Broker /Broker Firm Name or License No. Email Phone Primary Assumed Business Name A1711 I .r, 1IN219W Designated Broker of Firm David Cox Licensed Supervisor of Sales Agent/ Associate David Cox Sales Agent/Associate's Name 3 417 8 8 bcox@careycoxcompany.com 972-562-8003 License No. Email Phone 4 7 2 92 8 dcox@careycoxcompany.com 972-562-8003 License o. Email Phone 4 7 2 9 2 8 dcox@careycoxcompany.com License No. — Email Buyer/Tenant/Seller/Landlord Initials Date 972-562-8003 Phone Regulated by the Texas Real Estate Commission Information available atwww.trec.texas.gov TABS 1-0 Carey Cox Company EXHIBIT "D" DISCLOSURE NOTICE This Disclosure Notice (this "Notice") is a statement by Owner of the condition of the Property made as of the date of this Notice. This is is not a substitute for any inspections any tenant or purchaser may make or for warranties that may be made by others. To best of Owner's knowledge, other than disclosed by Owner in this Notice: (1) the Property does not have any material latent, structural, or construction defects; (2) the Property is not contaminated with Hazardous Materials in violation of applicable laws and regulations; (3) none of the improvements on the Property has been constructed of materials known to be a potential health hazard to occupants of the Property; and (4) the following information is true and correct in all material respects, and Owner has included any material fact concerning the Property of which Owner is aware. These representations are not warranties or guarantees by Owner. Owner authorizes the Brokers to disclose to any tenant or purchaser all information about the condition of the Property whether disclosed to the Brokers by Owner orally or in writing (by this Notice or otherwise), or otherwise discovered. Owner shall advise any tenant or purchaser and the Brokers of any other material fact or condition, not reported here, that may arise or become known to Owner before the Closing. These representations are made by Owner only and are not representations of the Brokers. Owner acknowledges that any tenant or purchaser and the Brokers will be relying upon the accuracy and completeness of this information. Please answer all questions. If the answer to any question is "Yes," explain on a separate sheet. N/A YES NO UNKNOWN 1. Buildings and Improvements. Are there any defects or repairs needed to the following? a. Roof, parapets, flashing, penetrations, chimneys, skylights b. Air conditioning, refrigeration, heating, ventilating systems, air ducting, fans c. Foundation piers, slabs, grade beams, footings, retaining walls d. Floors, interiors, floor coverings, ceilings, millwork, partitions e. Exterior walls, curtain walls, weather proofing, caulking f. Structural components, columns, trusses, beams, bracing g. Electrical systems, wiring, lighting, fixtures and equipment h. Plumbing systems, piping, drains, valves, fixtures and equipment i. Elevators, escalators, overhead doors, other built-in mechanical equipment j. Windows, doors, plate glass, canopies, other architectural features k. Parking areas, driveways, steps, walks, curbs and otherpavements I. Landscaping, irrigation systems, embankments, fences, signs 2. Hazardous Materials. Have there been any Hazardous Materials: a. Released or deposited on or under or about the Property, or leaking on or from the Property? b. Used in the construction of the improvements or in finishing materials? c. Released or deposited on or leaking from other properties contiguous to the Property? 3. Subsurface Conditions. a. Are there any material soil, geological, groundwater, or foundation problems? b. Are there underground storage tanks or leaking pipes on the Property? c. Is the Property situated in a wetland or over a garbage dump or waste landfill? EXCLUSIVE LISTING AGREEMENT ©Copyright 2014 NTCAR Form No. 4 (7-22-14) Carey Cox Company, P. 0. Box 977 McKinney TX 75070 Phone. (972i562-8003 Fax 85.57 Acres - Anna David Cox Produced with zipFonr@ by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 wsvw.z pLovix.cam NIA YES NO UNKNOWN 4. Special Conditions. a. Are there any public or private easements or agreements for utilities or access? b. Is the property flood prone or located in a 100-year flood plain? c. Are there any violations of building codes, zoning ordinances, EPA regulations, OSHA regulations, or Texas Commission on Environmental Quality rules? d. Are there any violations of Deed Restrictions covering the Property? e. Are there any threatened condemnations by public authorities or utility companies, including planned streets, highways, railroads, utilities, or development projects? f. Is the Property located in a historical district orplaDDEd development district? g. Is the Property In any special zoning district or under a specific use permit? h. Are there any pending changes in zoning or in the physical condition of the Property? i. Is the Property subject to membership in a property owners' association or dues? 5. Utilities Present. (Strike those not on the Property): City Water; Sanitary Sewer; Storm ainage, Natural Gas; Electricity. OWNER: Anna Economic Development By: P....,.,, ,nifv n—lnnment Corooration Anthony Richardson, Board President Date: EXCLUSIVE LISTING AGREEMENT ©Copyright 2014 NTCAR Form No. 4 (7-22-14) Produced with zipForm® by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 www. ZIPLooix. com 85.57 acres - 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 THE 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. 10. EDC/CDC Agenda Staff Report Meeting Date: 4/1/2021 Staff Contact: Consider/Discuss/Act on appointing an ex--officio member to the Greater Anna Chamber of Commerce Board of Directors. (CDC) SUMMARY: The adopted professional services agreement with the Greater Anna Chamber of Commerce includes the ability for the CDC Board to appoint an ex-officio member to the Greater Anna Chamber of Commerce Board of Directors. Board Member Doris Pierce's served in this capacity until her resignation in March. The Greater Anna Chamber of Commerce Board of Directors meets on the third Tuesday of each month at 6:30 p.m. According to the GACC website, the primary purposes of the GACC Board of Directors is to ensure the organization is on track with regard to meeting its goals, as well as to craft policies in support of those goals. The responsibilities of the Board of Directors include: 1. Support the Organization's Mission and Purpose 2. Select, support, and evaluate the Executive Director and performance 3. Ensure effective organizational planning 4. Ensure adequate resources for the organization 5. Manage resources effectively 6. Determine, guide, and monitor the organization's programs and services 7. Enhance the organization's public image STAFF RECOMMENDATION: ATTACHMENTS: A:i HE CITY OF na W* C D C G R 0 U N D DR E A K I N P O S S 1 B 1 L I T I E 5 THE CIta TY OF [lot wFDC Item No. 11. EDC/CDC Agenda Staff Report Meeting Date: 4/1/2021 Staff Contact: 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 ( For Discussion Only) a. Sales Tax Update and Budget Report b. Strategic Plan Update c. New Commercial Projects d. Joint Meeting with P&Z on Monday, April 5th e. BR&E Update f. D CEO Awards Event on Thursday, April 28 at Gilley's g. Villages of Hurricane Creek Ribbon Cutting, April 27 SUMMARY: STAFF RECOMMENDATION: ATTACHMENTS: 1. City 2021 Monthly Sales Tax Report 2. CDC SALES TAX COLLECTIONS FY21 3. FY2022 Fund Summaries EDC CDC Mar 4 2021 4. EDC Jan 2021 Financials 5. CDC Jan 2021 Financials 6. EDC Fun Period 5 February 7. CDC Fund Period 5 February 8. March MONTHLY ED Strategic Plan Update (1) 9. EDC Feb 2021 Financials 10. CDC Feb 2021 Financials 11. CDC & GACC Presentation 3-26-21 October November December January February March April May June July August September Ea 335,454 340,156 419,319 338,879 $ 1,433,808 24.1 % $ 270,363 37.6% 247,215 30.4% 321,464 41.3% 239,848 224,649 295,191 291,845 340,358 397,630 316,470 310,731 378,344 $ 3,634,108 Budget: 3,505,000 40.9% 3,048,942 Monthly Sales Tax Collections: 3 Year Comparison $450,000 $400, 000 $350, 000 $300, 000 $250,000 - $200,000 $150,000 $100,000 $50,000 $0 oG�op�� S G��p�,���ac1e�`���1 ��� 0 FY2020-21 0 FY2019-20 01 FY2018-19 CITY OF NovemberCOMMUNITY DEVELOPMENT CORPORATION Schedule of Sales Tax Collections For the month % Change i i • Collections Monthly Prior Year ' Monthly October $ 125,795 24.1 % $ 101,386 November 127,559 37.6% $ 92,706 December 157,245 30.4% $ 120,549 January 127,080 41.3% $ 89,943 February - $ 84,243 March - $ 110,697 April - $ 109,442 May - $ 127,634 June - $ 149,111 July - $ 118,676 August - $ 116,524 September - $ 141,879 $ 537,678 $ 1,362,791 ANNA COMMUNITY DEVELOPMENT CORP. Monthly Sales Tax Collections: $180,000 3 Year Comparison $160, 000 $140,000 $120,000 $100, 000 $80,000 $60,000 $40,000 $20,000 $0 doe OP� e ■ FY2020-21 ■ FY2019-20 ■ FY2018-19 CITY OF ANNA ECONOMIC DEVELOPMENT CORPORATION FY2021-22 BEGINNING BALANCES REVENUES: Property Taxes Sales Tax Charges for Services Licenses and Permits Franchise and Local Taxes Investment Income Other Revenues Intergovernmental Fines Donations TOTAL OPERATIONAL REVENUE Transfers from other funds TOTALREVENUES TOTAL AVAILABLE RESOURCES EXPENDITURES: Payroll Supplies Maintenance Services Debt Service Capital Outlay Capital Improvement Contingency TOTAL OPERATIONAL EXPENDITURES Transfers to other funds TOTAL EXPENDITURES ENDING FUND BALANCES Fund Balance Percentage Actual Budget Estimated Budget 2019-20 2020-21 2020-21 2021-22 $ 588,696 $ 417,877 $ 460,384 $ 385,710 10,243 6,922 1,500 17,476 6,000 1,500 17,476 6,000 1,500 10,000 6,000 1,500 $ 18,665 $ 24,976 $ 24,976 $ 17,500 $ 18,665 $ 24,976 $ 24,976 $ 17,500 $ 607,361 $ 442,853 $ 485,360 $ 403,210 1,329 - - - 33 3,000 3,000 3,000 145,615 96,650 96,650 96,650 $ 146,977 $ 99,650 $ 99,650 $ 99,650 $ 146,977 $ 99,650 $ 99,650 $ 99,650 $ 460,384 $ 343,203 $ 385,710 $ 303,560 313.2% 344.4% 387.1 % 304.6% CITY OF ANNA COMMUNITY DEVELOPMENT CORPORATION FY2021-22 BEGINNING BALANCES REVENUES: Property Taxes Sales Tax Charges for Services Licenses and Permits Franchise and Local Taxes Investment Income Other Revenues Intergovernmental Fines Donations TOTAL OPERATIONAL REVENUE Transfers from other funds TOTAL REVENUES TOTAL AVAILABLE RESOURCES EXPENDITURES: Payroll Supplies Maintenance Services Debt Service Capital Outlay Capital Improvement Contingency TOTAL OPERATIONAL EXPENDITURES Transfers to other funds TOTAL EXPENDITURES ENDING FUND BALANCES Fund Balance Percentage Actual Budget Estimated Budget 2019-20 2020-21 2020-21 2021-22 $ 978,731 $ 1,192,604 $ 1,393,074 $ 1,393,074 1,362,791 11,588 183 1,300,000 11,140 - 1,300,000 11,140 - 1,500,000 11,140 - $ 1,374,562 $ 1,311,140 $ 1,311,140 $ 1,511,140 $ 1,374,562 $ 1,311,140 $ 1,311,140 $ 1,511,140 $ 2,353,293 $ 2,503,744 $ 2,704,214 $ 2,904,214 $ 90,669 $ 121,985 $ 121,985 $ 127,178 3,943 7,100 7,100 7,100 539,706 852,804 852,804 952,804 325,901 329,251 329,251 327,463 $ 960,219 $ 1,311,140 $ 1,311,140 $ 1,414,545 $ 960,219 $ 1,311,140 $ 1,311,140 $ 1,414,545 $ 1,393,074 $ 1,192,604 $ 1,393,074 $ 1,489,669 145.1 % 91.0% 106.2% 105.3% EDC Balance Sheet For Period Ending 1/31/2021 *Unaudited - subject to change Beginning Current Month Ending Balance Activity YTD Activity Balance 1011 /2020 1131 /2021 1 /31 /2021 Assets 90-000-1010 Bank - Operating Funds 460,787.14 (671.34) (31155.32) 4577631.82 90-000-1011 Bank - Money Market & Savings Funds - - - - 90-000-1150 Accounts Receivable 44.24 - (44,24) - 90-000-1160 Accounts Receivable - Sales Tax - - - - 90-000-1202 Receivables - Due From General Fund - - - - 90-000-1215 Receivables - Local Business Loans 87,527.00 87,527.00 Total Assets 548,358.38 (671.34) (35199.56) 545,158.82 Liabilities 90-000-2001 Accounts Payable 249.14 - (249.14) 0.00 90-000-2005 Other Accounts Payable 200.00 - - 200.00 90-000-2102 Payable - Due To General Fund(10) - - - - 90-000-2115 Deferred Revenue - Local Business Loans 87,527.00 - - 87,527.00 90-000-2210 Retainage - - - - 90-000-2735 2011 CO's Current - - - - 90-000-2736 2011 CO's Non Current Total Liabilities 87,976.14 (249.14) 87,727.00 Fund Balance 90-000-3711 Fund Balance 460,382.24 (671.34) (2,950.42) 457,431.82 Total Fund Balance 460,382.24 (671.34) 2,950.42) 457,431.82 EDC Income Statement For Period Ending 1/31/2021 Current Month Activity YTD Activity 1131I2021 Revenues 90-826-5350 Rental 489.27 4,513.88 90-826-5491 Gain on sales of Assets - - 90-826-5499 Miscellaneous Revenue - - 90-826-5530 Interest Revenue 214.14 850.21 90-826-6800 Transfers in - - 90-826-5853 Other Financial Source from Notes Payable - Total Revenues 703.41 5,364.09 Expenses 90-826-6209 Other Supplies - Misc. - - 90-826-6210 Clothing Supplies - - 90-826-6212 Postage - - 90-826-6303 Maim. & Repair- Buildings - 450.00 90-826-6703 Contract Services 872.14 3,205.43 90-826-6708 IT Support Services - - 90-826-6722 Insurance - Property & Liability - 13050.00 90-826-6735 Promotion Expense - - 90-826-6753 Legal Expense - 648.00 90-826-6755 Audit Expense - 850.00 90-826-6780 Electricity 229.77 12163.92 90-826-6781 Gas - Natural/Propane 116.28 323.47 90-826-6782 City Utilities Water/Sewer/Trash - - 90-826-6783 Telephones - Pagers 156.56 623.69 90-826-6799 Other Services - Misc. - - 90-826-6901 Construction in Progress - - 90-826-6931 Land & Improvements - - 90-826-9800 Transfer Out - - Total Expenses 1,374.75 8,314.51 Net Income/Loss (671.34) (21950.42) r] ! ))) r - M N mL a" W C d V Q �MM Q W W U O 9 N u U c m m G v � m 0 v O O O O N W 0 0 0 N O O N N M O O N O O N ro M � O O O a 0 0 0 0 0 m V 0 w 0 0 0 0 O O O itl 0 0 6 of O M M O M O 6 0 N O d N N V N O N M O co WEWWW v o 0 o v o 0 0 0 of o o v o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 r r M M V N m U c 0 U 0 0 _ N V O O O r 0 0 0 0 0 0 0 0 0 0 0 O r N 0 h M 0 0 0 C 0 6 6 4 0 0 0 O O O O O O O O O N O 6 6 0 O t0Ir- O N O 6 6 0 1� M N �-- n .= 0 v V u d m U m 01-- c co 0 0 0 � o 0 0 c c ai o o n tll w �n ro o v 0 0 0 0 O O N (O O O f� N a 0 0 f0 O N M N N l0 r o v m v ED O O O O O O O N O 0 0 0 o 0 0 P M 0 0 0 E r O r 0 0 0 0 LED m V M m m rn N V N d � N N LL m - :7 _v 3 o m .o c L E,cl a 'Z v aco K '>° c Q m v m_ v m .. a a 'uf W ;u Z= E ys v � �_ s ' n «° N w ° c c in o rn o w >, d t = c m Q K K Q O u. 0 ii � (7 �- F 0 a° 2 U E a. < w (7 U F- O U J F O O [O t0 l0 (O (O (O (O f0 (O (O fD (O O O N N N N N N N N N N N N N N N N N N N N N N 0 0 0 0 0 O ro N W N of M M W W 1:0 M M M N O O O W W m rn rn m rn rn rn rn rn m m m OOi w m rn rn m m m m m rn rn rn 60i OOi 00I M n M n H a M N V r'1 V; v m a N u � U N C N N Ql _ m C � C w N m v o N N 0 � V W LL N O d a M CDC Balance Sheet For Period Ending 1/31/2021 "Unaudited - subject to change Beginning Current Month Ending Balance Activity YTD Activity Balance 10/1/2020 1/31/2021 1/31/2021 Assets 89-000-1010 Bank -Operating Funds 1,105,666.52 (188,985.11) 35,255.63 1,140,922.15 89-000-1012 Bank - Restricted Funds 19,367.28 9.06 35.85 19,403.13 89-000-1150 Accounts Receivable - - - - 89-000-1160 Accounts Receivable - Sales Tax 258,403.09 - (258,403.09) - 89-000-1202 Receivables - Due From General Fund - - - - 89-000-1215 Receivables - Local Business Loans 91,310.00 91,310.00 Total Assets 1,474,746.89 (188,976.05) (223,111.61) 1,251,635.28 Liabilities 89-000-2001 Accounts Payable 37,526.98 - (37,526.98) - 89-000-2020 Federal W/H Tax Payable (0.00) - - (0.00) 89-000-2021 FICA Payable - - - - 89-000-2024 Flexible Spending Payable - - - - 89-000-2025 Deferred Compensation Payable - - - - 89-000-2026 TMRS Payable - - - - 89-000-2027 Health Insurance Payable - - - - 89-000-2029 Salaries Payable 2,834.56 - (21834,56) - 89-000-2102 Payable - Due To General Fund(10) - - - - 89-000-2115 Deferred Revenue - Local Business Loans 41,310.00 41,310.00 Total Liabilities 812671.54 (40,361,54) 41,310.00 Fund Balance 89-000-3711 Fund Balance 1,301,765.35 (188,976.05) (182,750.07) 1,119,015.28 89-000-3711 Fund Balance -Restricted 91,310.00 91,310.00 Total Fund Balance 1,393,075.35 (188,976.05) (182,750.07) 19210,325.28 CDC Income Statement For Period Ending 1131/2021 Current on Activity YTD Activity 1/3112021 Revenues 89-825-5225 Sales Tax Revenue - General 127,558.52 253,353.63 89-825-5329 Donations - 39.00 89-825-5499 Miscellaneous Revenue - - 89-825-5530 Interest Revenue 630.79 2,345.12 89-825-5800 Transfers in - - 89-825-5840 Bond Proceeds Total Revenues 128,189.31 255,737.75 Expenses 89-825-6101 Salaries 10,629.60 29,139.24 89-825-6114 Payroll Taxes -City Part FICA 813.18 2,446.04 89-825-6121 Health Insurance 97.42 389.68 89-825-6125 TMRS Retirement 1,507.28 4,542A3 89-825-6126 Unemployment - - 89-825-6127 Workers Compensation - 184.54 89-825-6129 Miscellaneous Payroll - _ 89-825-6208 Office Supplies 104.59 104.59 89-825-6209 Other Supplies - Misc. 250.69 742.61 89-825-6210 Clothing Supplies _ _ 89-825-6212 Postage 14.20 14.20 89-825-6299 IT Supplies _ - 89-825-6700 Economic Development Grant Expense _ _ 89-825-6703 Contract Services 1,200.00 55,998.50 89-825-6710 TraveIr raining Expense 455.00 875.00 89-825-6722 Insurance - Property & Liability - 3,500.00 89-825-6731 Public Notices - Advertising _ - 89-825-6735 Promotion Expense - 6,272.50 89-825-6753 Legal Expense - 567.00 89-825-6755 Audit Expense - 850.00 89-825-6756 Engineering - _ 89-825-6761 Dues, Publications, Permits & Licenses 25.90 8,293.99 89-825-6783 Telephones - Pagers - - 89-825-6789 Debt -Service Principal 225,000.00 225,000.00 89-825-6790 Interest Expense 53,867.50 53,867.50 89-825-6795 Bond Fees 89-825-6799 Other Services -Misc. 230200.00 45,700.00 89-825-6901 Construction in Progress - - 89-825-6911 Machinery & Equipment _ _ 89-825-6931 Land & improvements _ - 89-825-8900 Other Financing Use - Debt Refundings _ _ 89-825-9800 Transfers Out Total Expenses 317,765.36 438,487.82 Net ProfiULoss i1e8s76.051 rye2,750.671 n8Q o0 0o am a 00o ry ommo o mm m om oo an am Q ao Rry o 10 �m o �� QP rvrvry mrvary m a am o g m m "p m z E u q a Fv E J E - - a�CoC 0 n £n _E m� - 0 0 oec�l�CcvEEE n a yz n� Nas U "a`af V°E dd m oo aeon m .mai��c�c n.mnn�n 1-1- U W a Vin U rv�v W zz mvmooo UOOOOo o �vEwo22 a E EE¢ °¢¢¢0E¢ OD rvU �U rvE E E EE yy u� moim odd m� 0 m mmmm a a m m mm m E fu 0000 dou 0 0 o uQ outiz wz 0 0o pj w 01 yy r5u�m� mom 6n OQOOQ mama Q am CCC m£+ ry rvs o a CC as oC Ru00 o -u - ----u uu - R"snab ears aaa oU£ aqS� -vv I� a EU�_____ ____ 0tiy w a` a crng w a u uuv m m m� iaao`'.a wwwo 6EmC d Sz 'o ul U'i Ew aw . a2a __ Egauavu `v v``v `v _P5N = --�� @ n xx D m988 9 `s`s`s`s n_wuu " wo .a _ m`s �s ss rvws sss s ssss x sx s s s mmm mmm mm m wmmmmmmm mmmm mmTM mmmm m mmmm am mmm mm m 00 0 0 0 0 0 0 0 0 o O �n M o N o0 00 O M (o O O 0 0 0 0 0 0 0 0 O N co 6 O 6 0 0 V N U U M C A 10 m 0 N O O O c O N O O h C (Oo �tml O O N O V O O co C w 6Ni C M C m w � � m N a � Q O M O M O O O O O O O r 0 6 N 0 0 0 0 O O 0 0 0 0 o 6 6 6 6 c0 0 0 0 0 0 0 0 I� O O O O N O 0 0 0 0 0 N two (NO m d' r N 1p N ° r N r d N .- C O o C . o m m o 0 0 0 0 m o 0 0 of o 0 0 N N O m 0 0 0 O 0 0 0 6 0 0) M 'd' r 0 0 0 C6 ci O V 0 0 0 .° M N.- W N N Q N O N [* 0 0 0 0 0 0 0 0 0 0 O M O C M O r r IQ V O C N U M N _ = W m (p o er c co r o 0 o v m �n o a o N o 0 0 0 O M •C N O O O O O to M N �- O O O 6� O D O N w m 0 6 cq m o 0 4 6 0 0 0 6 6 06 cu C N V ~ a m Q M O O M N M O LL W a m U q w N �l a LL m 0 w m a d c LL O m m LL m m m o m m 0 (D .N = ti c O iL >' o m m > w N> a m m E `m K K w a 2 A a U >, ' Q K K v _ m ._ E° o. a o d _ m E U O K o a 110 m m c K m y rn m QE m y = s s m m a m m m mo o o c w m `> m "°."E" Uo ao iwumm°° o o mo om am c U �Q Q F 2 F- 7 O OQ n c E ° m a M > a w Q O a N M E= E �U C Q o m 0 m 0 m 0 m 0 m 0 m N 0 m N 0 m O N 6 m O N o m N d W N d W N d W N O W N o W N N 0 W m 0 W N W N ro W ro N W N Nw O NM <O Nro O N O N O Nro w O N m b N m o N m o N m� (O N [O N m O N W N W fo W = V G Q tCo io O mRM U ti ?1 N O a n 'o � U m m O1 0 o 0 o rn o o o 0 0 0 0 0 c U� uoi o N n o O O o n o 0 0 0 0 C i h O ro V w d M (O Ln M (O N N N d Q N O O O O O O O O O O O O O O O O O 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 a UI � U 0 N 'a .ri of of U al N 0 m co o t =zww wa �in�i�n_ =roe- `mom a D E 10 6 '6) ui w d a M c L m ro c s m °' cno cno cno � � cno cno m � m cno cno m c°io c°'o m m N N N N N N N N N N N N N N M N N W of m m m m m m m m m rn m m m � ro ro ro w m m m ro ro m m m m m ro m m City of Anna 311112021 11:31am Statement of Revenue and Expenditures Revised Budget For the Fiscal Period 2021-5 Ending February 28, 2021 Current Current Annual Account Number Budget Actual Budget Page YTD Actual 1 Remaining Budget % General Fund Economic Development Corporation Expenditures 10-826-6101 Salaries 0.00 9,676.46 122,052.00 49,288.17 59.62% 10-826-6114 Payroll Taxes -City Part FICA 0.00 722.72 9,337.00 3,974.21 57.44% 10-826-6121 Health Insurance 0.00 845.35 9,927.00 4,226.75 57.42% 10-826-6125 TMRS Retirement 0.00 1,372.12 17,356.00 7,537.15 56.57% 10-826-6127 Worker's Compensation 0.00 0.00 549.00 246.51 55.10% 10-826-6129 Miscellaneous Payroll 0.00 0.00 350.00 0.00 100.00% 10-826-6299 IT Supplies 0.00 0.00 0.00 0.00 0.00% 10-826-6710 Travel/Training Expense 0.00 0.00 0.00 165.00 0.00% 10-826-6761 Dues, Publications & Licenses 0.00 0.00 0.00 0.00 0.00% 10-826-6783 Telecom 0.00 0.00 0.00 0.00 0.00% 10-826-6799 Other Services - Misc. 0.00 0.00 0.00 0.00 0.00% Total Expenditures 0.00 (12,616.65) (159,571.00) (65,437.79) 58.99% Total Economic Development Corporation 0.00 (12,616.65) (159,571.00) (65,437.79) 58.99% Total General Fund 0.00 (12,616.65) (159,571.00) (65,437.79) 58.99% City of Anna 311112021 11:31am Account Number Statement of Revenue and Expenditures Revised Budget For the Fiscal Period 2021-5 Ending February 28, 2021 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 0.00 604.14 75,800.00 3,809.57 94.97% 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 0.00 7,500.00 648.00 91.36% 90-826-6755 Audit Expense 0.00 1,250.00 5,000.00 2,100.00 58.00% 90-826-6780 Electricity 0.00 212.54 3,500.00 1,376.46 60.67% 90-826-6781 Gas - Natural/Propane 0.00 101.67 1,050.00 425.14 59.51% 90-826-6782 City Utilities Water/Sewer/Trash 0.00 0.00 0.00 0.00 0.00% 90-826-6783 Telecom 0.00 156.56 2,000.00 780.25 60.99% 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 (2,324.91) (99,650.00) (10,639.42) 89.32% Total Economic Development Corporation 0.00 (2,324.91) (99,650.00) (10,639.42) 89.32% Total Economic Development Corporation 0.00 (2,324.91) (99,650.00) (10,639.42) 89.32% City of Anna 311112021 11:32am Statement of Revenue and Expenditures Page 1 Revised Budget For the Fiscal Period 2021-5 Ending February 28, 2021 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 0.00 157,244.50 1,300,000.00 410,598.13 68.42% 89-825-5329 Donations 0.00 0.00 0.00 39.00 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 2,345.12 78.95% 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 0.00 157,244.50 1,311,140.00 412,982.25 68.50% Expenditures 89-825-6101 Salaries 0.00 7,086.40 91,325.00 36,225.64 60.33% 89-825-6114 Payroll Taxes -City Part FICA 0.00 542.12 6,986.00 2,988.16 57.23% 89-825-6121 Health Insurance 0.00 97.42 9,927.00 487.10 95.09% 89-825-6125 TMRS Retirement 0.00 1,004.85 12,986.00 5,547.28 57.28% 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 2,000.00 104.59 94.77% 89-825-6209 Other Supplies - Misc. 0.00 0.00 4,000.00 742.61 81.43% 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 14.20 85.80% 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 18,879.00 170,974.00 74,877.50 56.21% 89-825-6710 Travel/Training Expense 0.00 0.00 25,250.00 875.00 96.53% 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 0.00 93,000.00 6,272.50 93.26% 89-825-6753 Legal Expense 0.00 0.00 14,000.00 567.00 95.95% 89-825-6755 Audit Expense 0.00 1,250.00 6,000.00 2,100.00 65.00% 89-825-6756 Engineering 0.00 0.00 1,500.00 0.00 100.00% 89-825-6761 Dues, Publications & Licenses 0.00 (7,500.00) 4,670.00 43.99 99.06% 89-825-6783 Telecom 0.00 0.00 700.00 0.00 100.00% 89-825-6789 Debt -Service Principal 0.00 0.00 225,000.00 225,000.00 0.00% 89-825-6790 Interest Expense 0.00 0.00 104,251.00 53,867.50 48.33% 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 90,000.00 46,450.00 48.39% 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 (21,359.79) (1,311,140.00) (459,847.61) 64.93% Total Community Development Corporation 0.00 135,884.71 0.00 (46,865.36) 0.00% 311112021 11:32am Account Number Total Community Development Corporation City of Anna Statement of Revenue and Expenditures Revised Budget For the Fiscal Period 2021-5 Ending February 28, 2021 Annual Budget) Actual Page Remaining Budget % 0.00 135,884.71 0.00 (46,865.36) 0.00% Economic Development Strategic Plan Update:, March 2021 • Met with Collin College and working on MOU agreement • Met with two sports complex groups • Scheduled Villages of Hurricane Creek ribbon cutting- April 27 • Articles in Dallas Business Journal and Bisnow / Featured in WFAA Me s re bles March 20211 Real Estate Broker/ Developer Meetings: 8 Business Prospect Meetings: 3 Construction /Architectural Meetings: 3 Newsletter Subscribers: 218 Website Users: 927 (9.4% increase) Website Pageviews: 1,427 (5.6% increase) Google Searches: 847 (5% increase) New LinkedIn Followers: 16 (341 total) EDC Balance Sheet For Period Ending 2/28/2021 Unaudited - subject to change Beginning Current Month Ending Balance Activity YTD Activity Balance 10/1/2020 2128/2021 2/28/2021 Assets 90-000-1010 Bank- Operating Funds 460,787.14 (729.95). (32885.27) 456,901.87 90-000-1011 Bank - Money Market & Savings Funds - - - 90-000-1150 Accounts Receivable 44.24 (44.24) - 90-000-1160 Accounts Receivable - Sales Tax - - 90-000-1202 Receivables - Due From General Fund - - - 90-000-1215 Receivables - Local Business Loans 87,527.00 87,527.00 Total Assets 548,358.38 (729.95) (39929.51) 544,428.87 Liabilities 90-000-2001 Accounts Payable 249.14 (249.14) 0.00 90-000-2005 Other Accounts Payable 200.00 - 200.00 90-000-2102 Payable - Due To General Fund(10) - - - 90-000-2115 Deferred Revenue - Local Business Loans 87,527 00 - 87,527.00 90-000-2210 Retainage - - 90-000-2735 2011 CO's Current - - 90-000-2736 2011 CO's Non Current Total Liabilities 879976.14 (249.14) 87,727.00 Fund Balance 90-000-3711 Fund Balance 460,382.24 (729.95) (3,680.37) 456,701.87 Total Fund Balance 460,382.24 (729.95) 3,680.37) 456,701.87 90-826-5350 90-826-5491 90-826-5499 90-826-5530 90-826-5800 90-826-5853 EDC Income Statement For Period Ending 2/28/2021 Revenues Rental Gain on sales of Assets Miscellaneous Revenue Interest Revenue Transfers in Current on Activity YTD Activity 212812021 1,401.61 5,915.49 193,35 1,043.56 Other Financial Source from Notes Payable - Total Revenues 1,594.96 6,959.05 Expenses 90-826-6209 Other Supplies -Misc. 90-826-6210 Clothing Supplies 90-826-6212 Postage 90-826-6303 Maint. & Repair- Buildings - 90-826-6703 Contract Services 604.14 90-826-6708 IT Support Services 90-826-6722 Insurance - Property & Liability 90-826-6735 Promotion Expense - 90-826-6753 Legal Expense 90-826-6755 Audit Expense ', 1,250.00 90-826-6780 Electricity 212.64 90-826-6781 Gas - Natural/Propane 101,67: 90-826-6782 City Utilities Water/Sewerrrrash 90-826-6783 Telephones - Pagers :: 156.66. 90-826-6799 Other Services - Misc. 90-826-6901 Construction in Progress 90-826-6931 Land & Improvements 90-826-9800 Transfer Out - 450.00 3,809.57 1,050.00 648.00 2,100.00 1,376.46 425.14 780.25 Total Expenses 2,324.91 10,639.42 Net Income/Loss (729.95) (31680.37) k r [( - z \ }\\// } � M W 0 a C C Q O CO U E n O d W u U c A m m n o 0 0 C 9 O O O N W 'a cfl r N N W O O O O N V O O 0 O 0 0 0 Il� (Ni N O O M O N M m O I� o W 0 d O N 0 0 0 0 0 V N 0 0 0 m O O (D N 0 0 0 0 0 0 M N O O O O O O O O ill O O O O O O O O m . o . 0 . 0 . 0l . . . . . co . 0 . o . M . o . 0 0 0 0 0 O 0 O O 0 0 0 0 0 0 0 0 v o 0 o v o 0 0 0 . 0 . 0 . 0 . 0 . 0 . 0 . 0 . 0 . 0 . 0 . 0 . 0 . 0 . 0 . 0 . 0 . 0 � N N w U c O U 10 rn 0 0 0 o 0 0 0 0 0 0 0 0 0 0 0 v o 0 0 0 o v n o ro o 0 0 0 o o O O O m o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ill co o O O o o LO Q O O O d' 0 0 0 0 0 0 0 0 0 0 0 0 d' O O O O O N O tp 6 O O O O U � c U Ov0 c ro o 0 0 C C O O M N d m 1❑ v 0 0 o a o O O O n N CJ O N N M W n O V W � O O O 00 00 O O N n 0 0 0 0 O O O V O O O rn< O (O O 00 00 O V N O f0 eD M (O M r14 A N N .y v � m U c v m c10i c � v O06 Co U U N y ti d N w d? 0 N U' j Q> co m❑ w F- o 0_ Z o Oyvncu u .u- .vcc >i, w a�' w'$" vw m= :9 cav •Zv- N^l a xv wo> W ,ao Ka oo ❑ ov c'O wz�m � '°�a cEa as0wE— m u v v u v y �, o v ,. v o m m¢¢ O a❑ ii m c7 - 1- O a cF. a` ¢' w C9 U I- O U H O O N l[l to NO O .- O rn 0 0 rn N MO N N O N M rn O Y� O O '- N rn rn M 0 0 o o N M l(1 W W c0 N rn O M O O O O O O O O N N N N N N N Nw N N NM N NM NM NO NM N N N N N N O O O O O O O O g W Op c0 a0 M eD ep N N N of W W N N ap of of m of 0 0 m m 0 0 0 O O O O O 0 rn rn m of m m of m rn rn m rn rn rn rn rn m m m m of Q d a o e Im V ulU C N N O C �M O D yc .. a o � a N u. d N 9 N M N V N N CDC Balance Sheet For Period Ending 2/28/2021 `Unaudited - subject to change Beginning Current Month Ending Balance Activity YTD Activity Balance 10/1/2020 2/28/2021 2128/2021 Assets 89-000-1010 Bank -Operating Funds 17105,666.52 136,376.66 171,632.29 112777298.81 89-000-1012 Bank - Restricted Funds 19,367.28 8.19 44.04 199411.32 89-000-1150 Accounts Receivable - - - 89-000-1160 Accounts Receivable - Sales Tax 258,403.09 (258,403.09) - 89-000-1202 Receivables - Due From General Fund - - - 89-000-1215 Receivables- Local Business Loans 915310.00 91,310.00 Total Assets 114745746.89 1367384.85 (86,726.76) 1,388,020.13 Liabilities 89-000-2001 Accounts Payable 37,526.98 - (37,526.98) - 89-000-2020 Federal W/H Tax Payable (0.00) - - (0.00) 89-000-2021 FICA Payable - - - - 89-000-2024 Flexible Spending Payable - - - - 89-000-2025 Deferred Compensation Payable - - - 89-000-2026 TMRS Payable - - - 89-000-2027 Health Insurance Payable - - - - 89-000-2029 Salaries Payable 29834.56 - (21834.56) - 89-000-2102 Payable - Due To General Fund(10) - - - 89-000-2115 Deferred Revenue - Local Business Loans 417310.00 41,310.00 Total Liabilities 81,671.54 (40,361.54) 41,310.00 Fund Balance 89-000-3711 Fund Balance 1,301,765.35 136,384.85 (46,365.22) 1,255,400.13 89-000-3711 Fund Balance -Restricted 91,310.00 91,310.00 Total Fund Balance 1,393,075.35 136,384.85 (46,365.22) 1,346,710.13 69-825-5225 89-825-5329 89-825-5499 89-825-5530 89-825-5800 89-825-5840 89-825-610t 89-825-6114 89-825-6121 89.825.6125 89-825.6126 89-825-6127 89-825-6129 89-825-6208 89-825-6209 89-825-6210 89-825-6212 89-825-6299 89-825-6700 89-825-6703 89-825-6710 89-825-6722 89-825-6731 89-825-6735 89-825-6753 89-825-6755 89-825-6756 89-825-6761 89-825-6783 89-825-6789 89-825-6790 89-825.6795 89-825-6799 89-825-6901 89-825-6911 89-825-6931 89-825-8900 89-825-9800 CDC Income Statement For Period Ending 2/28/2021 Current Month Activity YTD Activity 2128/2021 Revenues Sales Tax Revenue - General 157,244,50 410,598.13 Donations 39.00 Miscellaneous Revenue - Imerest Revenue 500.14. 2,845.26 Transfers in - Bond Proceeds Total Revenues 157,744.64 413,482.39 Expenses Salaries Payroll Taxes -City Part FICA Health Insurance TMRS Retirement Unemployment Workers Compensation Miscellaneous Payroll Office Supplies Other Supplies - Misc. Clothing Supplies Postage IT Supplies Economic Development Grant Expense Contract Services Travel7Training Expense Insurance - Property & Liability Public Notices - Advertising Promotion Expense Legal Expense Aunit Expense Engineering Dues, Publications, Permits & Licenses Telephones - Pagers Debt -Service Principal Interest Expense Bond Fees Other Services - Misc. Construction In Progress Machinery & Equipment Land & Improvements Other Financing Use - Debt Refundings Transfers Out 7,086.40 542,12 97.42 11004,85 18,879,00 1,250.00 (71500,00) 36,225.64 2,988.16 487.10 5,547.28 184.54 104.59 742.61 14.20 4,877.50 875.00 3,500.00 6,272.50 567.00 2,100.00 793.99 225,000.00 53,867,50 45,700.00 Total Expenses 21,35979 459,847.61 Net Profit/Loss 136,384.85 (46,365.22) ;j / 4§ /� ` {\ )( (- \) ) \ !\\§ }/ C y N � C Y « U rn v � m ufOi ,iDi� w of v v co co io m M M M N(D 9 9 W V a w A a w a li N N O C u O N V O) N V N W r M N N N N O O O N N N d N W N N N N N N N N N O N O xxxxxO X XxxxxO X O d a 10 d C C Ric M O V f` r O T iE NN N N O y m LL tz G amp 'O o W h N N LL a m U Ll v o�Qa00o O O O 0 ci M O O N O 0 0 0 0 0 0 0 0 0 O M O O M M O N y m O V u U M � c m m m rn M o o 0 a o o ro o v o rn o 0 G of o t0 N O �(1 O to tD O N 0 o uoi ( ui m� G M N m N R V r aD (6 N Ln r �I� N r 0 0 0 r r N O O O O O O O O O Y) O O O O O O O O 0 V O 0 0 0 0 0 0 n 0 0 0 0 0 0 0 0 0 0 0 M N V OWO V d' NVV � ur U c 0 U 6 6 V ep O O O O O O O Y M W 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 w N� O 0 0 0 0 0 0 0 0 0 0 N d V 1 O O lol � O O O 00 00 O O O 00 N M OO OO N O 00 O O 0 0 00 O M (O 0 0 n o M a M O M M 'O U d V m in N m C N 0 0 0 0 O i0(J (O O N O O N 01 u m V 6 6 6 6 M V 6C\i O W O O a O O O V M N n m m N V N LL O h i, U C N O N T T O N c 0 U j C O ._ m 0 U N am G m _ a N T E c .- o w WE ' > x -o ^ U p)a c`0 aa mma' m u>v m 00 o aa co W9 U^c U mo' w m m m c 0 ucw LLLL o oa¢¢¢ pZo w U O 00 0 O O O O O O O N N N N N N N NM N N N N N N N 0 0 0 0 0 0 0 0 6 0 0 0 m W W W M W w W w of W M W w OQ a0 ap m ro � I m m m�I ap aD m M M W W�� N ep c0 OD Op Op ap M W M W OD � C d V C Q O m V r N O w m u U � m O O O N 'O r 00 O r N 00 O M� o 0 0 0 0 0 0 0 C W N Ul C4 O W w a Co O N N M (O N N u> O O N 0 0 0 0 0 0 0 0 0 0 0 o O o 0 0 0 0 0 0 0 0 0 0 o d o 0 0 0 0 0 N v! r 0 u W 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 m o 0 0 0 o N o 0 0 0 0 0 0 0 0 0 0 0 N a � ICI W u � � U m o 0 o voi o 0 o rn o o �n o 0 0 0 0 0 0 V miQ a ri � r �+i (6 co M V N a m N N n N N a `m w K o r JMD N N j 4f Q E "� W N N h a` W > m m K `o_ O t cLE z ou'Sw wa ENwLL U) 2 c 06LL ° h MM <w 0'Fo-m 0[) OF- o N M M �(1 (O ap eD rn rn rn M 0 0 n n n n n n n n n n n r r rn m rn rn m t4 O O M N (O t0 tp fD fD f0 f0 (D �O t0 N 00 rn � W W W OD ap W arnD W W W ro W�� W� W EDC/CDC & GACC Partnership - Quarter 1 (2021) G Total active members on -Anna Business 141 ABERS GREATER ANNA CHAMBER OF COMMERCE ATHE CITY OF nnCDC 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 Employer 2020 ## of Employees i N umber of Em pi oye e s CFI a nge of City Em pi oym a nt Anna ISD 543 587 44 39 Anna surgery center N/rA N/A 0% Bronco Manufacturing 51 52 1 3% Brookshire's 85 94 -1 5 City of Anna 102 124.9 22.9 8 Cold Springs Animal Hospital N/A 13 N/A 1 EIS at Anna N/A 19 N/A 1 Flyi ng J Tru ck St o p N/A 17 N/A 1% Hurricane Creep Country Club 45 50 5 3% Loves Trav e I Stop 45 45 0 3 McDonalds 40 49 a 3% Fate Rehab 162 155 -7 10% Tri -County Vet 31 31 0 2% aImart 270 337 67 22 T-ota I s 1374 1562.9 139.9 1 401. EDC/CDC & GACC Quarter 1 (2021) • 96 Letters mailed to Anna businesses�.� • 30% of the letters were sent to Non- 0-�A' } Chamber members • 14 Top Employer businesses contacted to update their employment numbers • 15 new Chamber members . 2 Ribbobn- Cuttings I Legislative Update We are working with our State Representatives X. and Senators for a City of Anna day. This will be pushed to April and will be virtual. 'F' l Candidate Forums: Anna ISD Board of Trustees: Mon, April 5th 6:30-$pm at First Anna Church City of Anna City Council/Mayoral: Mon, P April 12th at Anna High School i i GACC Dashboard 3-26-21 Facebook Statistics New Facebook likes in last 28 days 0 31421 r Total Likes 16,442 -L70% Post Reach in last 28 days Twitter Statistics 60 qh3 New Twitter followers in last 28 days 0 204 r Total Followers _ 39,800 +1.3 Tweet Impressions in last 28 days Linkedin Statistics 1 27 +2,600 i New Linkedln followers in last 30 days 13� r Total Followers 41 +1,950% Post Reactions in last 30 days Googlexorn Statistics 42 Visits to our website from Google.com in the last 30 days 842 r Search results in the last 30 days 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 wFDC GR0U N D R R E A F{I NG PC SS 1 B 1 LIT I E S AGENDA ITEM: Closed Session Item No. 12. EDC/CDC Agenda Staff Report Meeting Date: 4/1/2021 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: