HomeMy WebLinkAboutEDCmin2004-11-04 ANNA ECONOMIC DEVELOPMENT CORPORATION
MINUTES
Meeting of November 4, 2004
6:00 PM, Anna City Hall, 101 N. Powell Parkway, Anna, TX 75409
1. Call to Order
The meeting was called to order at 6:10 pm.
2. Roll Call and Establishment of Quorum
Members present were President Trey Hughes, Ms. Sandra Bryant, Mr.
John Rattan, and Mr. Julian Smith.
Also Present: Lee Lawrence and Molly Young.
President Hughes asked if there was objection to altering agenda by considering
Item 8 at this time. There was no objection.
8. EXECUTIVE SESSION: Under terms of Chapter 551 of Texas Government
Code the board may enter into CLOSED SESSION or Executive Session to
deliberate regarding commercial or financial information that the governmental
body has received from a business prospect that the governmental body seeks to
have locate, stay, or expand in or near the territory of the governmental body and
with which the governmental body is conducting economic development
negotiations (Government Code, Chapter 551.087)
Mr. Smith moved that Board move into executive session; Ms. Bryant
seconded the motion, which passed by vote of 4-0. The Board went into
executive session at 6:12 p.m.
Mr. Rattan moved that Board close the executive session; Mr. Smith
seconded the motion, which passed by a vote of 4-0. The executive
session was closed at 7:23 p.m.
No action was taken on items discussed in executive session at this time.
3. Citizen Input/Comments
The EDC welcomes the input and suggestions of the citizens of Anna and its
environs. Anyone wishing to address the EDC on relevant matters may do so at
this time. Please limit comments to 5-10 minutes.
Ms. Molly Young suggested to the Board that efforts be made to encourage
development of a university/college or research center in the Anna area.
She also mentioned that the Board should spend some time developing a
vision of what Anna should be, including a vision of what economic
emphases should be stressed.
4. Consider action as desired regarding approval of minutes from August 5,
September 9, and October 7, 2004
Motion to approve the Minutes of the meetings of September 9 and October
7 was made by Mr. Rattan and seconded by Ms. Bryant. Motion was
approved by vote of 4 – 0.
5. Discuss and consider action regarding the Promo Video.
Mr. Smith moved that the EDC be allowed to sell advertising to defer costs
of producing video, with credits to advertisers to be placed at end of video.
Ms. Bryant seconded the motion, which passed by a vote of 4-0.
6. Discuss and consider action regarding the 2005 budget.
After discussion of proposed budget, Ms. Bryant moved that the EDC
Budget for FY 2004-2005 be adopted. Mr. Rattan seconded the motion,
which passed by a vote of 4-0. A copy of the adopted budget is attached to
and made part of these minutes.
9. Discuss and consider action on items discussed in Executive Session.
Ms. Bryant brought forward a draft contract for purchase of 47 acre tract
on CR 427. The proposed price of the property is $9,500 per acre with
terms still undetermined because of competing proposals from two local
banks. Terms of loan from Independent Bank appear to be affordable,
especially if assistance from Anna Community Development Corporation
can be secured. Mr. Rattan moved that the proposed contract be accepted,
contingent on the Anna Community Development Corporation providing
$25,000 to support purchase and $500 per month for monthly payments.
Mr. Smith seconded the motion, which passed by a vote of 4-0.
10. Consider and take action as desired regarding incentives for commercial/retail
development.
No action was taken on this item.
11. Consider and take action as desired regarding purchase of property.
This item was addressed under Item 9.
12. Adjourn.
Mr. Smith moved that meeting be adjourned. Motion was seconded by Ms.
Bryant and passed by 4-0.
Minutes Approved:
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Date Signature