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Home My WebLink AboutRes 2022-07-1212 Approving EDC Downtown Anna Incentive PolicyRESOLUTION NO. � QcW 1-O'l i ala A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ANNA, TEXAS APPROVING A DOWNTOWN ANNA ECONOMIC DEVELOPMENT INCENTIVE POLICY TO PROMOTE ECONOMIC DEVELOPMENT AND STIMULATE BUSINESS AND COMMERCIAL ACTIVITY WITHIN THE DOWNTOWN NEIGHBORHOOD OF THE CITY OF ANNA; ESTABLISHING GUIDELINES AND CRITERIA; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the City desires to attract high -quality developments and the creation of new jobs to stimulate business and commercial activity in the Downtown Neighborhood of the City of Anna, and WHEREAS, the City recognizes that it may be necessary to provide economic development incentives, and WHEREAS, the Anna Economic and Community Development Corporation Boards approved and adopted the Downtown Anna Economic Development Incentive Policy at a meeting on July 7, 2022, and WHEREAS, upon full review and consideration, the City wishes to adopt a Downtown Anna Economic Development Incentive Policy, attached hereto as Exhibit A, to stimulate business and commercial activity and attract new jobs to the City of Anna; NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ANNA, TEXAS, THAT: Section 1. Recitals Incorporated Section 2. Adoption of Policy The recitals set forth above are incorporated herein for all purposes as if set forth in full. The City Council of the City of Anna hereby approves and adopts the Downtown Anna Economic Development Incentive Policy attached hereto as Exhibit A. CONSIDERED, PASSED AND APPROVED by the City Council of the City of Anna at a regular meeting on the 26t" day of July 2022. APPROVED: Mav6r ATTEST: G L. LQI IU Exhibit A Downtown Anna Economic Development Incentive Program Guidelines In 2019, the Anna City Council adopted a new strategic plan that heavily focused on economic development, including making Downtown Anna a vibrant destination. In April 2021, the Anna City Council adopted a new Downtown Master Plan that identified action steps to help achieve success. To help foster and promote such development and redevelopment in the heart of Downtown Anna, the following policy was created. Each application for an incentive will be evaluated on a case -by -case basis by the Economic Development Corporation (EDC), Community Development Corporation (CDC), and the City of Anna. Incentive funds may be granted from all, some, or one of the entities listed above depending on the request. All projects must be located within the Downtown Neighborhood District as defined by the City of Anna Downtown Master Plan. Application is not a guarantee of award. Those receiving incentives will also be required to enter into a performance agreement. Existing Building Matching Grants The purpose of this grant is to encourage property owners and tenants to improve the interior and exterior of existing buildings, the overall appearance of the Downtown core, and contribute meaningful additions to the public realm. This grant matches 50% of approved project costs, not to exceed $10,000 for exterior projects and matches 259/o of approved project costs, not to exceed $10,000 for interior projects. Applications and awards maybe made for any of the reimbursable exterior activities listed below and maybe combined for any single property or project: • Improvements to an existing exterior structure • Improvements to public facing fa�ade(s) • Signage • Public art • Seating • Utility relocation • General building/property beautification including landscaping Applications and awards may be made for any of the reimbursable interior activities listed below and maybe combined for any single property or project: ' • Remodeling for the public benefit • General maintenance such as HVAC, plumbing, electrical, etc. is ineligible. Applications must be made prior to work beginning. No grants will be awarded for work that has already been started, in progress, or completed. Work must begin within eight months from the date of award (two months for permitting and six months for construction). Grant funds are paid out on a reimbursement basis once completed work has been verified by City staff as compliant with the plans proposed in the approved application. Any deviation from the approved grant project may result in the total or partial withdrawal of the grant. Grants are awarded as a single payment to the applicant. If an applicant is awarded a grant for any work performed pursuant to this program and the work is altered for any reason within one year from the date of construction, the applicant may be required to reimburse the City of Anna immediately for the full amount of the grant. Further, if a property is listed for sale and/or leased to a tenant for a purpose not originally intended by the grant application within one year of reimbursement, the applicant may be required to reimburse the City of Anna immediately for the full amount of the grant. New Development and Redevelopment Grants The purpose of this grant is to incentivize major enhancements within the Downtown Neighborhood with the construction of (a) new structure(s) or redevelopment beyond the scope of the Existing Building Matching Grant. Development and redevelopment projects are reviewed on a case - by -case basis. Chapter 380 of the Texas Local Government Code gives municipalities the authority to make enter into agreements to further economic development. These agreements may include grants of property, fee and permit waivers or reductions, infrastructure assistance, rent subsidies, cash reimbursements, etc. Special weight will be given to projects that meet the intent of the Downtown Master Plan and further the vision. Grease Trap Rebate The City, CDC, and/or EDC may consider a rebate equal to 50% of the cost to purchase and install or upgrade an existing grease trap up to a maximum of $7,500 per project. Downtown Neighborhood District R 1 Uowntmvn Street Types I; ' stsss� Db.YntaAn A2.rL4 Domnoen Type ILM. _ _ �o�warype El11� It LL IL it !; _ Danstmn Type . OIL rHt. i 1 Legend Va Anna Cdy unas _. Raiboad Lek" Parcels --Omvnlovm Care /Jr' Downtown Ne1gItlJreood ■ Dwrttmn Cat ■ ChiV1n3t4L4 uW Catalyst Sao 1 AdV" Rusot WA In;trAn Re"nVal - TmnAipW Devegment ( s I t♦ Open `-0aa' i — Ta;l • e Roposed Tro-s i — 0 Entry Gal. way }. t .� Identity Point n Trea NodeAmite L ram— ANNA COMMUNITY DEVELOPMENT CORPORATION RESOLUTION NO, 7.08.2022 A RESOLUTION OF THE ANNA COMMUNITY DEVELOPMENT CORPORATION APPROVING A DOWNTOWN ANNA ECONOMIC DEVELOPMENT INCENTIVE POLICY TO PROMOTE ECONOMIC DEVELOPMENT AND STIMULATE BUSINESS AND COMMERCIAL ACTIVITY IN THE CITY OF ANNA DOWNTOWN NEIGHBORHOOD; ESTABLISHING GUIDELINES AND CRITERIA; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the Texas Development Corporation Act ("the Act"), now codified in Chapters 501-505 of the Texas Local Government Code, authorizes communities to collect Type A and/or Type B economic development sales and use taxes, and WHEREAS, the residents of the City of Anna "City" passed an election approving the collection of sales and use tax for the benefit of a Type B Corporation called the Anna Community Development Corporation ("CDC"), and WHEREAS, the Anna City Council, with input and guidance from Anna neighbors, adopted a Downtown Master Plan to provide a vision and implementation of investment in the Downtown Anna Neighborhood, and WHEREAS, the CDC desires to attract high -quality developments and the creation of new jobs to stimulate business and commercial activity in the Downtown Anna neighborhood, and WHEREAS, the CDC recognizes that it may be necessary to provide economic development incentives, and WHEREAS, upon full review and consideration, the CDC wishes to adopt a Downtown Anna Economic Development Incentive Policy, attached hereto as Exhibit A, to stimulate business and commercial activity and attract new jobs to Downtown Anna; 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 Policy The Board of Directors of the Anna Community Development Corporation hereby approve and adopt the Downtown Anna Economic Development Incentive Policy. PASSED AND APPROVED by the Anna Community Development Corporation this 7'" day of July 2022. Bruce Nof ood, CDC President ATTEST: Rocio GonzaleY, CDC`Secretary ANNA ECONOMIC DEVELOPMENT CORPORATION RESOLUTION NO. 7.09.2022 A RESOLUTION OF THE ANNA ECONOMIC DEVELOPMENT CORPORATION APPROVING A DOWNTOWN ANNA ECONOMIC DEVELOPMENT INCENTIVE POLICY TO PROMOTE ECONOMIC DEVELOPMENT AND STIMULATE BUSINESS AND COMMERCIAL ACTIVITY IN THE CITY OF ANNA DOWNTOWN NEIGHBORHOOD; ESTABLISHING GUIDELINES AND CRITERIA; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the Texas Development Corporation Act ("the Act"), now codified in Chapters 501~505 of the Texas Local Government Code, authorizes communities to collect Type A and/or Type B economic development sales and use taxes, and WHEREAS, the Anna City Council, with input and guidance from Anna neighbors, adopted a Downtown Master Plan to provide a vision and implementation of investment in the Downtown Anna Neighborhood, and WHEREAS, the EDC desires to attract high -quality developments and the creation of new jobs to stimulate business and commercial activity in the Downtown Anna neighborhood, and WHEREAS, the EDC recognizes that it may be necessary to provide economic development incentives, and WHEREAS, upon full review and consideration, the EDC wishes to adopt a Downtown Anna Economic Development Incentive Policy, attached hereto as Exhibit A, to stimulate business and commercial activity and attract new jobs to Downtown Anna; 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 Policy The Board of Directors of the Anna Economic Development Corporation hereby approve and adopt the Downtown Anna Economic Development Incentive Policy. PASSED AND APPROVED by the Anna Economic Development Corporation this 7tn day of July 2022. APPROVED: .CG Bruce No ood, EDC President ATTEST: Rocio GonzaieZ`�DC Secretary