The URL can be used to link to this page

Home My WebLink AboutCDCpkt2014-06-05I/ r COMMUNITY DEVELOPMENT CORPORATION 5, 2014 Meeting Packet rt -1-1 AGENDA ANNA COMMUNITY DEVELOPMENT CORPORATION June 5, 2014 at 5.00 p.m.' ANNA CITY HALL ADMINISTRATION BUILDING, 111 N. POWELL PKWY., ANNA, TEXAS COMMUNITY DEVELOPMENT CORPORATION The Anna Community Development Corporation will conduct a meeting at 5:00 p.m.' on June 5, 2014, at the Anna City Hall Administration Building, 111 N. Powell Parkway, to consider the following items: 1. Call to Order. 2. Roll Call and Establishment of Quorum. 3. Invocation and Pledge. 4. Consider/Discuss/Action accepting John Beazley's resignation from the board. 5. Consider and discuss the fiscal year 2014-2015 proposed budget. 6. Consider and discuss placing an ad in the Dallas Cowboys Publication for the 2014-2015 Season Program. , , 7. 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; 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); 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 t ADDITIONAL NOTICE REGARDING MEETING TIME: In the event that the Anna Economic Development Corporation meets at the sometime 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 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. (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) 8. Consider/Discuss/Action regarding passing a resolution approving an Incentive Agreement for New Economic Development with Q Seminole Anna Town Center L. P. s\ 9. Consider/Discuss/Action regarding approving the minutes from May 1, 2014. 10. Adjourn. This is to certify that I, Philip Sanders, City Manager, 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., June 2, 2014. 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. Meeting: June 5, 2014 Staff Contact: Jessica Perkins Exhibits: _X—Yes No Item No. 4 Anna Community Development Corporation Agenda Staff Report AGENDA SUBJECT: Consider/Discuss/Action accepting John Beazley's resignation from the board. SUMMARY: John has been elected to serve on City Council and has resigned his appointment on the board. STAFF RECOMMENDATION: Staff recommends you approve. 5—e�23— /�� y COMMUNITY DEVELOPMENT CORPORATION Meeting: June 5, 2014 Staff Contact: Jessica Perkins Exhibits: _X—Yes No Item No. 5 Anna Community Development Corporation Agenda Staff Report AGENDA SUBJECT: Consider and Discuss the fiscal year 2014-2015 proposed budget. SUMMARY: It is budgeting season and the City Council is reviewing department budgets. Staff has prepared a budget for next fiscal year (2014-2015) for your review. STAFF RECOMMENDATION: n/a CITY OF ANNA FUND DEPARTMENT DIVISION 89 COMMUNITY DEVELOPMENT CDC 825 CORPORATION LINE ITEM DETAIL LINE ITEMS ACTUAL BUDGET I ESTIMATED I PROPOSED I PLANNING' 2013 2014 2014 2015 2016: 620ft nrpirP CI IPPI IFS 5132 5750 S750 5500 5600 6209OTHER SUPPLIES -MISC. $53 $200 $200 $300 $300 6212 POSTAGE $9 $50 $50 $50 $50 SUPPLIES TOTAL $194 $1,000 $1,000 $850 $950 6700 ECONOMIC DEVELOPMENT GRANT $0 $0 $0 $0 0 EXPENSE 6703 CONTRACT SERVICES $16,975 $15,000 $15,000 $10,000 $15,000 6711 TRAVEL EXPENSE $0 $250 $250 $250 $250 6721 EDUCATION & TRAINING $0 $250 $250 $500 $500 6731 PUBLIC NOTICES -ADVERTISING $0 $0 $0 $0 $0 6735 PROMOTION EXPENSE $20,875 $22,000 $22,000 $30,000 $27,500 6753 LEGAL EXPENSE ($273) $10,000 $10,000 $10,000 $12,500 6761 DUES, PUBLICATIONS, PERMITS & $0 $550 $550 $250 $250 LICENSES 6783 TELECOM $0 $0 $0 $0 $0 6789 DEBT -SERVICE PRINCIPAL $78,000 $79,000 $79,000 $80,000 $82,000 6790 INTEREST EXPENSE $60,201 $59,975 $59,975 $58,160 $56,325 6799 OTHER SERVICES -MISC. $42,500 $42,500 $62,500 $65,000 $48,000 SERVICESTOTAL $218,279 $229,525 $249,525 $254,160 $242,325 6921 BUILDINGS & IMPROVEMENTS $0 $0 $0 $0 0 6941 OTHER CAPITAL EXPENDITURES $36,550 $20,000 $0 $55,000 $100,000 CAPITAL EXPENDITURES TOTAL $36,550 $20,000 $o $55,000 $100,000 $343,275 89-825E TOTAL $255,023 $250,525 $250,525 $310,010 Item No. 6 Anna Community Development Corporation Agenda Staff Report COMMUNITY DEVELOPMENT CORPORATION Meeting: June 5, 2014 Staff Contact: Jessica Perkins Exhibits: _X—yes No AGENDA SUBJECT: Consider and discuss placing an ad in the Dallas Cowboys Publication for the 2014-2015 Season Program. SUMMARY: Staff was about advertising in the Dallas Cowboys Program for next year. We have previously advertised with the Dallas Mays. The purpose of the ad is to market Anna as a place to live to families. The price is 20% off what you see below. We do NOT need to pay until next fiscal year, but they are asking advertisers to secure a spot now. 1/2 page: $6,500 (includes 4 Cowboys tickets) our price 5200 1/4 page: $3,500 (includes 2 Cowboys tickets) our price 2800 1/8 page: $1,975 (includes 2 Texas Ranger tickets) our price 1580 STAFF RECOMMENDATION: Staff recommends that you consider the request. *gff.r,#P,IAY Who does the USA TODAY and NFL Audience Profile consist of? USA TODAY Readers % Comp Index ; LEISURE % Comp Index Median of Respondent Age 50 Attend Movie Theaters Once a Month 16 159 Base: Men 69 142 Attend Music Performances (any type) in the last 12 months 30 132 OCCUPATION Dining Out in the last 12 months 56 115 Executive/%p Management 12 140 Casinos - Participate in Gambling ' 21 132 Football Fan (listen/attend/watch Pro/College Football) 67 132 ! Golf One or More Times per Month 10 204 USA TODAY Readers and BEVERAGE CONSUMPTION Football Fans % Comp Index : Consume Alcoholic Beverages 65 109 Median HHI $90,400 Consume Wine 37 120 Consume Beer/Ale 53 123 EDUCATION/OCCUPATION Attended College 79 143: DOMESTIC TRAVEL Received a College Degree 59 164 Travel Round Trips By Plane (anywhere) 40 166 Professional/Management - Travel Round Trips By Plane for Vacation/ Business, Financial Operations 32 144 Personal/Honeymoon (Continental US) 30 176 Domestic Travel - For Vacation 43 121 FINANCIAL Domestic Travel - For Business 19 266 Uses Stock Rating Service, Financial Adviser or Broker 13 177 FITNESS Owns Mutual Funds 31 169 Regular Exercise Program (2+Times/Wk.) 5o 125 Owns Securities 36 160 Jogging/Running Intends to Purchase Life Insurance (one or more times per month) 14 153 in the next 12 months 19 138: Walking for Exercise Intends to Invest in Stock, Bonds (one or more times per month) 34 139 or Mutual Funds in the next 12 months 27 148 Source: 2011 Spring GfKMRf Base: Adults Item No. 7 Anna Community Development Corporation Agenda Staff Report COMMUNITY DEVELOPMENT cORPORAriON Meeting: June 5, 2014 Staff Contact: Jessica Perldns Exhibits: X Yes No AGENDA SUBJECT: 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; 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); 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) SUMMARY: n/a STAFF RECOMMENDATION: n/a COMMUNITY DEVELOPMENT CORPORATION Meeting: June 5, 2014 Staff Contact: Jessica Perkins Exhibits: _X—fes No Item No. 8 Anna Community Development Corporation Agenda Staff Report AGENDA SUBJECT: Consider/Discuss/Action regarding passing a resolution approving an Incentive Agreement for New Economic Development with Q Seminole Anna Town Center L.P. SUMMARY: Staff has been working with the developer of a large retail track located at Hwy 75 and FM 455 where staff has been told Walmart will locate. The Incentive Agreement for New Economic Development would require construction of significant infrastructure improvements (i.e, roads, water lines, sewer lines, etc.) and the development of retail stores resulting in the creation of at least 200 jobs. The developer would also donate a 1.86 acre tract to the City to be used for an elevated water storage tank. A copy of the proposed agreement is attached. The Incentive Agreement is structured as revenue-sharing of sales tax generated strictly from the new retails stores created within Phase I of the development. The developer's share would be capped at 60% for a period of 15 years or until the cost of the infrastructure improvements have been reimbursed whichever comes first. STAFF RECOMMENDATION: Staff recommends you adopt the resolution. COMMUNITY DEVELOPMENT CORPORATION Meeting: June 5, 2014 Staff Contact: Jessica Perkins Exhibits: _X—Yes No Item No. 9 Anna Community Development Corporation Agenda Staff Report AGENDA SUBJECT: Consider/Discuss/Action regarding approving the minutes from May 1, 2014. SUMMARY: n/a STAFF RECOMMENDATION: Staff recommends you approve.