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Home My WebLink AboutCDCpkt2012-05-15 Special MeetingRPORATION May 15, 2012 SPECIAL Meeting Packet AGENDA SPECIAL MEETING OF ANNA COMMUNITY DEVELOPMENT CORPORATION :L May 15. 2012 at 5.30 p.m.' COMMUNITY ANNA CITY HALL ADMINISTRATION BUILDING, DEVELMENT CORPORA110 N 111 N. POWELL PKWY., ANNA, TEXAS The Anna Community Development Corporation will conduct a special meeting at 5:30 p.m.' on May 15, 2012, at the Anna City Hall Administration Building, 111 N. Powell Parkway, to consider the following items: 1. Call to Order. '5-: �y 2. Roll Call and Establishment of Quorum. �3as 3. Consider/Discuss/Action regarding adoption of a resolution directing publication of notice of projects and notice of public hearing for project includingfinancing of park impr C��C ergs ! s YL r?t. 4. Adjou jsr ��C_�• �^`LSo� This is to certify that I, Jessica Perkins, Chief Administrative Officer, 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., May 12, 2012. e ica Perki is, 9hief Administrative Officer 1 ADDITIONAL NOTICE REGARDING MEETING TIME: In the event that the Anna Economic Development Corporation meets at the same time and place scheduled for this meeting, then this meeting will be delayed and will begin immediately after the conclusion of the meeting of the Anna Economic Development Corporation. IMPORTANT LEGAL NOTICE: The Corporation may vole 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. COMMUNITY DEVELOPMENT CORPORATION Meeting: May 15, 2012 Budgeted Amount: N/A Item No. 3 Anna Community Development Corporation Agenda Staff Report Staff Contact: Jessica Perkins Exhibits: X Yes No AGENDA SUBJECT: Consider/Discuss/Action regarding adoption of a resolution directing publication of notice of projects and notice of pubic hearing for project including fmancing of park improvements. SUMMARY: This special meeting was called to outline the steps and protocol needed to secure the financing for Phase II of Slayter Creek Park. STAFF RECOMMENDATION: Staff recommends you adopt the resolution. RESOLUTION DIRECTING PUBLICATION OF NOTICE OF PROJECTS AND NOTICE OF PUBLIC HEARING WHEREAS, the Board of Directors of the Anna Community Development Corporation (the "Corporation'), created by the City of Anna, Texas (the "City"), in accordance with Article 5190.6, V.A.T.C.S., Section 4B, and now operating under Texas Local Government Code, Chapter 505 (the "Act") has determined that it is advisable and in the best interests of the Corporation to give notice of the intention of the Corporation to undertake, and to call a public hearing on, the following projects: (i) public park and open space improvements including parking facilities and related infrastructure, and (ii) maintenance and operating costs of such projects, and other purposes permitted by law (the 'Projects"), in order to provide improvements for public park and open space purposes and in order to promote and encourage employment and public welfare and to promote and develop new and expanded business enterprises which will be financed with sales tax revenues and other resources of the Corporation; and WIIEREAS, it is hereby officially found and determined that the meeting at which this Resolution was passed, was open to the public and public notice of the time, place, and purpose of said meeting was given, all as required by Chapter 551, Texas Government Code; Now, Therefore BE IT RESOLVED BY THE BOARD OF DIRECTORS OF ANNA COMMUNITY DEVELOPMENT CORPORATION: Section 1. FORM OF NOTICE. Attached hereto is a form of Notice of Project and Notice of Public Hearing, the form and substance of which are hereby adopted and approved. Section 2. PUBLICATION OF NOTICE. Said Notice shall be published, in substantially the form attached hereto, in a newspaper, as defined in Texas Government Code Sec. 2051.044, of general circulation in the area of the City of Anna, Texas. Section 3. PUBLIC HEARING. A public hearing shall be held on the proposed projects on June 7, 2012, at 5:00 P.M., at 111 N. Powell Parkway, Anna, Texas. Section 4. EFFECTIVE DATE. This resolution shall become effective immediately upon adoption. PASSED, APPROVED and EFFECTIVE this ATTEST: Secretary, Board of Directors President, Board of Directors [CORPORATION SEAL] ANNA COMMUNITY DEVELOPMENT CORPORATION NOTICE OF PROJECTS AND NOTICE OF PUBLIC HEARING NOTICE IS REBY GNEN that the Anna Communi 'Development Corporation (the "Corporation"), a non -pro corporation created pursuant to the D clopment Corporation Act of 1979, Article 5190.6, Vernon'I T as Civil Statutes, Section 4B, d now operating under Texas Local Government Code, Chapter 505 the '.At 1, will hold a pub ' hearing at 5:00 P.M. on June 7, 2012, at 111 N. Powell Parkway, Anna, T as, on the expendim of funds to undertake projects providing (i) public park and open space improve nts including p ing facilities and related infrastructure, and (ii) maintenance and operating costs of such mjects, an other purposes permitted by law (the "Projects"), in order to provide improvements for publi ark d open space purposes and in order to promote and encourage employment and public welfare to promote and develop new and expanded business enterprises as authorized by the Act. The P le will be financed from the proceeds of sales tax revenue obligations to be issued by the Corporat' n, and id from sales tax revenues and other resources of the Corporation. The Projects shall inclu the equipme facilities, and improvements (one or more) found by the Corporation's Board of Dire ors to be required suitable for the promotion and development of the Projects. The costs of the Pr'ects are estimated not to ceed $1,600,000. All interested persons are invited to attend the public he ng and speak for or against th ndertaking of the proposed Projects. ANNA COMMUNIT"EVELOPMENT CORPORATION ANNA COMMUNITY DEVELOPMENT CORPORATION NOTICE OF PROJECTS AND NOTICE OF PUBLIC HEARING NOTICE IS HEREBY GIVEN that the Anna Community Development Corporation (the "Corporation"), a non-profit corporation created pursuant to the Development Corporation Act of 1979, Article 5190.6, Vernon's Texas Civil Statutes, Section 4B, and now operating under Texas Local Government Code, Chapter 505 (the "Act"), will hold a public hearing at 5:00 P.M. on June 7, 2012, at 111 N. Powell Parkway, Anna, Texas, on the expenditure of funds to undertake projects providing (i) public park and open space improvements including recreational facilities, parking facilities and related infrastructure, and (ii) maintenance and operating costs of such projects, and other purposes permitted by law (the 'Projects"), in order to provide improvements for public park and open space purposes and in order to promote and encourage employment and public welfare and to promote and develop new and expanded business enterprises as authorized by the Act. The Projects are expected to be financed from the proceeds of sales tax revenue obligations to be issued by the Corporation, and paid from sales tax revenues and other resources of the Corporation. The Projects shall include the equipment, facilities, and improvements (one or more) found by the Corporation's Board of Directors to be required or suitable for the promotion and development of the Projects. The costs of the Projects are estimated not to exceed $1,600,000. All interested persons are invited to attend the public hearing and speak for or against the undertaking of the proposed Projects. ANNA COMMUNITY DEVELOPMENT CORPORATION