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HomeMy WebLinkAboutCDCpkt2014-08-07August 7, 2014 Meeting Packet a AGENDA ANNA COMMUNITY DEVELOPMENT CORPORATION August 7, 2094 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 August 7. 2014, at the Anna City Hall Administration Building, 111 N. Powell Parkway, to consider the following items: 1. Call to Order. S% LJ Pyyj 2. Roll Call and Establishment of Quorum. V Oy I V1 �uC e-K� 3. Invocation and Pledge. 4. Introduce new board members. 5. I W, SfJ kVV? %i S a S ^Z- r�.(,urn.ed Public Hearing regarding a proposed CDC project to provide a line of credit utilizing the funds in the Revolving Loan Fund program for Empowered Training Centre, LLC. 1/' e �. S p a, _ ; S t - Consider/Discuss/Action regarding a resolution authorizing execution of an amended performance agreement with #or Empowered Training Centre, LLC and approving a line of credit utilizing the funds in the Revolving Loan Fund program fr Empowered Tonin Centre, LLC tvt t�f�- �Dnn FG 7. Consider/Discuss/Action regarding approving abudget mendment for the current 2013-2014 fiscal year. -t= i P - r; 8. Consider/Discuss/Action regarding p roving- the fiscal year 014-2015 proposed g bud et. h 611Vl�-e, o� 9. 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 I 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 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. 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) 10. ConsidedDiscuss/Action regarding approving the minutes from May 1, 2014 and6 �l a ��, ,June 5, 2014. 11. Adjourn. is } r) 1 3 ,7n This is to certify that I, Jessica Perkins, Chief Administrative Offic4,, posted this agenda ; t7� at a place readily accessible to the public at the Anna City Hail and on the City Hall bulletin board at or before 5:00 p.m., August 4, 2014. J*iPerkins,�'15"ef Administrative Officer 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 k 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 972-9243325 two working days prior to the meeting so that appropriate arrangements can be made. DEVELOPMENT CORPORATION Meeting: August 7, 2014 Staff Contact: Jessica Perkins Exhibits: _X—Yes No Item No. 5 Anna Community Development Corporation Agenda Staff Report AGENDA SUBJECT: Public Hearing regarding a proposed CDC project to provide a line of credit utilizing the funds in the Revolving Loan Fund program for Empowered Training Centre, LLC. SUMMARY: The Public Hearing is necessary to comply with State Statue regarding proper notice and public input on this project. Read the item. Open the Public hearing; state the time; allow comment (if any); close the hearing; state time. STAFF RECOMMENDATION: n/a COMMUNITY DEVELOPMENT CORPORATION Meeting: August 7, 2014 Staff Contact: Jessica Perkins Exhibits: _X—Yes No Item No. 6 Anna Community Development Corporation Agenda Staff Report AGENDA SUBJECT: Consider/Discuss/Action regarding a resolution authorizing execution of an amended performance agreement with for Empowered Training Centre, LLC and approving a line of credit utilizing the funds in the Revolving Loan Fund program for Empowered Training Centre, LLC. SUMMARY: Back in December the EDC entered in to a performance agreement with Empowered Training Centre (dba MyCourseRoom.com). As a part of the performance agreement there was an option for a Line of Credit. The resolution will clarity the performance agreement Section 3 (b) that the Line of Credit is with the CDC's RLF program and execute the Line of Credit. STAFF RECOMMENDATION: Staff recommends that you approve the resolution. ANNA COMMUNITY DEVELOPMENT CORPORATION RESOLUTION NO. A RESOLUTION OF THE ANNA COMMUNITY DEVELOPMENT CORPORATION APPROVING A PROJECT TO PROMOTE NEW OR EXPANDED BUSINESS DEVELOPMENT, AUTHORIZING THE EXPENDITURE OF FUNDS FOR THE PROJECT, AND AUTHORIZING THE EXECUTION OF A LINE OF CREDIT TO ADVANCE FUNDS TO EMPOWERED TRAINING CENTRE, LLC, ALL SUBJECT TO APPROVAL OF THE CITY COUNCIL OF THE CITY OF ANNA, TEXAS WHEREAS, on December 10, 2013 the City Council of the City of Anna, Texas approved Resolution No. 2013-12-10 authorizing the Anna Economic Development Corporation ("EDC") to enter into the Economic Development Incentive Grant for Capital Investment Performance Agreement ("Performance Agreement") with Empowered Training Centre, LLC (the "Company"); and WHEREAS, the EDC and the Company duly entered into the Performance Agreement; and WHEREAS, under Section 3(b) of the Performance Agreement the EDC and the Company had intended that the Company would have access to a line of credit from the Anna Economic Development Corporation; and WHEREAS, the Board of Directors of the CDC has determined that it would be appropriate if the line of credit was provided and administered by the Anna Community Development Corporation instead of EDC; and WHEREAS, the Board of Directors of the Anna Community Development Corporation (the "CDC"), created by the City of Anna, Texas (the "City"), in accordance with Article 5190.6, V.A.T.C.S., Section 413, 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 CDC to give notice of the intention of the CDC to undertake the following project(s): one or more expenditures in a total amount not to exceed $108,000 in the form of advances on a letter of credit to one or more entities doing business in or near the city under a contract with the CDC and or Anna Economic Development Corporation ("Recipients") to assist with the Recipients' operating expenses necessary for the purpose of expanding the operations of Recipients' business and the expansion of business development within the city (the "Project"). The Project will be financed from a grant the CDC was awarded by the USDA. The costs of the Project are estimated not to exceed $108,000. CDC OF ANNA, TEXAS RESOLUTION NO. PAGE 1 OF 2 WHEREAS, the CDC desires to authorize the expenditure of funds of up to $108,000 under a project line of credit with the Recipient for the funding of the Project, subject to certain conditions as set forth in this resolution; and, WHEREAS, the CDC's funding of the Project is subject to the approval of the Project by the City Council of the City of Anna ("City Council"); and, WHEREAS, the CDC Board of Directors has investigated and determined that providing the funding for the Project, subject to the aforementioned conditions, is in the CDC's best interest and will promote new and expanded business development in the City; and, WHEREAS, 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 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. Approval of Project and Authority to Expend Funds and Authority to Enter Into Amended Performance Agreement and to Execute a Line of Credit The CDC approves the Project and authorizes the expenditure of funds of up to $108,000 in accordance with a line of credit to Empowered Training Centre, LLC. for the expansion of Recipient's business. The CDC authorizes the CDC President to execute the Amended Performance Agreement as stated above, on the CDC's behalf, subject to form of same by the CDC's legal counsel, and any necessary approval by the City of Anna City Council. The CDC further authorizes the CDC President to execute the above -referenced line of credit on the CDC's behalf, which shall serve as an addendum to the Amended Performance Agreement. Said expenditure by the CDC will be subject to City Council approval by resolution after the City Council gives the resolution at least two separate readings, and subject to approval as to the substance of the line of credits by the CDC's Chief Administrative Officer and approval as to the form of said line of credit by the CDC's legal counsel. Section 3. Form of Notice Attached hereto as Exhibit A is a form of Notice of Project ("Notice"), which shall be published without unnecessary delay after the adoption of this resolution, in substantially the same form and substance as attached hereto. CDC OF ANNA, TEXAS RESOLUTION NO. PAGE 2 OF 2 Section 4. Publication of Notice Said Notice shall be published in a newspaper, as defined in Texas Government Code Sec. 2051.044, of general circulation in the area of the City of Anna, Texas. PASSED AND APPROVED by the Anna Community Development Corporation this day of 2014. APPROVED: John Houcek, CDC President ATTEST: , CDC Secretary CDC OF ANNA, TEXAS RESOLUTION NO. PAGE 3 OF 2 ANNA COMMUNITY DEVELOPMENT CORPORATION NOTICE OF PROJECT NOTICE IS HEREBY GIVEN that the Anna Community Development Corporation (the "CDC"), 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"), intends to make one or more expenditures in a total amount not to exceed $108,000 in the form of advances on a line of credit to one or more entities doing business in or near the city under a contract with the CDC and or Anna Economic Development Corporation ("Recipients") to assist with the Recipients' operating expenses necessary for the purpose of expanding the operations of Recipients' business and the expansion of business development within the city (the "Project"). The Project will be financed from a grant the CDC was awarded by the USDA. The costs of the Project are estimated not to exceed $108,000. EXHIBIT A Meeting: August 7, 2014 Staff Contact: Jessica Perkins Exhibits: X Yes No Item No. 7 Anna Community Development Corporation Agenda Staff Report AGENDA SUBJECT: Consider/Discuss/Action regarding approving a budget amendment for the current 2013-2014 fiscal year. SUMMARY: As the end of the fiscal year comes to a close staff noticed a overage in the Promotional (6735) Fund and the Other Services (6799 Parks Personnel Support). Staff is recommending moving money from the Contract (6703) line item to cover the overage - $2000 to Other Services and $1000 to Promotional. The total amount budgeted for the fiscal year will not change. STAFF RECOMMENDATION: Staff recommends you approve. ANNA COMMUNITY DEVELOPMENT CORPORATION RESOLUTION NO. A RESOLUTION OF THE ANNA COMMUNITY DEVELOPMENT CORPORATION REGARDING THE APPROVAL OF AND AUTHORITY TO AMEND THE FY 2013-2014 FISCAL YEAR BUDGET WHEREAS, effective October 1, 2013, the Anna Community Development Corporation (the "CDC') with the approval of the City of Anna City Council executed its current fiscal year budget; and WHEREAS, the CDC seeks to amend its budget due to additional funds needed in the promotional line item and other services line item; 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 the Current Fiscal Year Budget The CDC Board of Directors hereby approves amending the Anna Community Development Corporation current fiscal year budget as set forth in Exhibit A, amended budget, attached hereto and incorporated herein for all purposes as if set forth in full, subject to approval by the City of Anna City Council. PASSED AND APPROVED by the Anna Community Development Corporation this day of 2014. APPROVED: John Houcek, CDC President ATTEST: , CDC Secretary CDC OF ANNA, TEXAS RESOLUTION NO._ PAGE 1 OF 1 COMMUNITY DEVELOPMENT CORPORATION Meeting: August 7, 2014 Staff Contact: Jessica Perkins Exhibits: X Yes No Item No. 8 Anna Community Development Corporation Agenda Staff Report AGENDA SUBJECT: Consider/Discuss/Action regarding approving the fiscal year 2014-2015 proposed budget. SUMMARY: It is budgeting season and the City Council has reviewed the attached proposed CDC FY 15 budget. The proposed budget meets all of our obligations and accomplishes our fiscal goals. STAFF RECOMMENDATION: Staff recommends you approve the resolution. 6208 OFFICE SUPPLIES CITY OF ANNA 5750 FUND DEPARTMENT DIVISION 89 COMMUNITY DEVELOPMENT CDC 825 CORPORATION $300 $300 6212 POSTAGE LINE ITEM DETAIL $50 $50 ACTUAL BUDGET ESTIMATED PROPOSED PLANNING LINE ITEMS 2013 2014 2014 I 2015 2016 I 6208 OFFICE SUPPLIES 5132 5750 5isu 55uu SWU 6209 OTHER 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 67901NTERESTEXPENSE $60,201 $59,975 $59,975 $58,160 $56,325 6799 OTHER SERVICES -MISC. $42,500 $42,500 $62,500 $65,000 $48,000 SERVICES TOTAL $218,279 $229,525 $249,525 $254,160 $142,325 6921 BUILDINGS & IMPROVEMENTS $0 $0 $0 $0 $0 6941 OTHER CAPITAL EXPENDITURES $36,550 $20,000 $0 $60,000 $100,000 CAPITAL EXPENDITURES TOTAL $36,550 $20,OOD $0 $60,000 $100,000 89-825ETOTAL $255,023 $250,525 $250,525 $315,010 $343,275 ANNA COMMUNITY DEVELOPMENT CORPORATION RESOLUTION NO. A RESOLUTION OF THE ANNA COMMUNITY DEVELOPMENT CORPORATION ADOPTING THE FY 2014-2015 FISCAL YEAR BUDGET WHEREAS, to be effective October 1, 2014, the Anna Community Development Corporation (the "CDC') and subject to approval of the City of Anna City Council, the Board of directors of the CDC desires to approve and adopt the CDC budget for the 2014-15fiscal year; 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 Fiscal Year 2014-15 Budget The CDC Board of Directors hereby approves adopting the Anna Community Development Corporation current fiscal year budget as set forth in Exhibit A, attached hereto and incorporated herein for all purposes as if set forth in full, subject to approval by the City of Anna City Council. PASSED AND APPROVED by the Anna Community Development Corporation this day of 12014. APPROVED: John Houcek, CDC President ATTEST: , CDC Secretary CDC OF ANNA, TEXAS RESOLUTION NO._ PAGE 1 OF 1 Meeting: August 7, 2014 Staff Contact: Jessica Perkins Exhibits: X Yes No Item No. 9 Anna Community Development Corporation Agenda Staff Report 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: August 7, 2014 Staff Contact: Jessica Perkins Exhibits: X Yes No Item No. 10 Anna Community Development Corporation Agenda Staff Report AGENDA SUBJECT: Consider/Discuss/Action regarding approving the minutes from May 1, 2014 and June 5, 2014. SUMMARY: n/a STAFF RECOMMENDATION: Staff recommends you approve. MINUTES OF MEETING OF THE ' ANNA COMMUNITY DEVELOPMENT CORPORATION Thursday, May 1, 2014 .- -' V1 i CWH m CUP' or-nTe ;,i corzror�nno��i The Anna Community Development Corporation ("CDC') of the City of Anna met at 5:00 p.m., on Thursday, May 1, 2014, at the Anna City Hall Administration Building, 111 North Powell Parkway (Hwy. 5), and Anna, Texas, to consider the following items. 1. Call to Order. John Houck called the meeting to order at 5:01 p.m. Roll call was taken and a quorum was established. 2. Roll Call and Establishment of Quorum. Directors present were: Alonzo Tutson, John Houcek, John Beazley, Connie Stump, Sherilyn Godfrey (5:05), Lee Miller, and Michael Williams. Directors in abstention: None Guests: Rob Woods, Public Works Director Others in attendance: Philip Sanders, City Manager; Jessica Perkins, Chief Administrative Officer ("CAO"); and Clark McCoy, attorney for CDC. 3. Invocation and Pledge. Skipped. 4. Consider/Discuss/Action passing a resolution authorizing an amendment to the current fiscal year budget. The CDC seeks to amend its budget due to additional funds needed in the "Capital Expenditures" line to retrofit the splash pad at Slayter Creek Park to a recirculating system. The project is to done by June 1, 2014. A motion was made by Connie Stump to adopt the Resolution regarding the approval of and authority to amend the FY 2013- 2014 fiscal year budget. The motion was seconded by Michael Williams. 1. The Corporation may vote and/or act upon each of the items listed in this agenda. 2. 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 Meeting Act. 3. Persons with a disability who want to attend this meeting who may need assistance should contact the office of the City Secretary at 972 924-3325 two working days prior to the meeting so that appropriate arrangements can be made. 05-01-2014 CDC Minutes.doe 5. Consider and Discuss taking applications for the Revolving Loan Fund loan program. In 2009, CDC was the recipient of a $99,900 grant from the USDA; and Image Vision received the first loan and is presently paying back the monies owed. There is approx. $50,000 available to loan to another local entity and a review committee needs to be to appointment to advertise and select a new loan recipient. Clark McCoy remarked that there is no penalty in paying back the loan early. The interest on the loan is approx. two percent (2%). 6. Closed Session. a. Discuss or deliberate the purchase, exchange, lease, or value of real property (Tex. Gov't Code §551.072). b. 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). John Houcek read the foregoing into the record. Connie Stump made a motion to move to Closed Session that was seconded by Michael Williams. Motion passed and the Board entered into Closed Session at 5:04 p.m. After discussing the business at hand, Alonzo Tutson made a motion to adjourn Closed Session and return to Open Session. John Beazley seconded the motion. Motion passed, and Closed Session was adjourned on Thursday, May 1, 2014 at 6:01 p.m. Consider/Discuss/Action regarding approving the minutes from April 3, 2014. Sherilyn Godfrey made a motion to approve to minutes as written. John Beazley seconded the motion. Motion passed. 8. Review of the current fiscal year budget. Jessica Perkins attached a copy of the current fiscal year for the benefit of the Directors. [THIS SPACE INTENTIONAL LEFT BLANK] 1. The Corporation may vote and/or act upon each of the items listed in this agenda. 2. 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 legallyjustified under the Open Meeting Act. 3. Persons with a disability who want to attend this meeting who may need assistance should contact the office of the City Secretary at 972 924-3325 two working days prior to the meeting so that appropriate arrangements can be made. 05-01-2014 CDC Minutes.doc 9. Adjourn. Michael Williams made a motion to adjourn the meeting. Lee Miller seconded the motion and the meeting was adjourned at 6:12 p.m. APPROVED: John Houcek President of CDC ATTESTED: Sherilyn Godfrey Secretary of CDC I. The Corporation may vote and/or act upon each of the items listed in this agenda. 2. The Corporation reserves the right to t'etire into executive session concerning any of the items listed on this agenda, whenever it is considered necessary and legally justified under the Open Meeting Act. 3. Persons with a disability who want to attend this meeting who may need assistance should contact the office of the City Secretary at 972 924-3325 two working days prior to the meeting so that appropriate arrangements can be made. 05-01-2014 CDC Minutes.doc MINUTES OF MEETING OF THE ANNA COMMUNITY DEVELOPMENT CORPORATION ti�i t Thursday. June g: 2014 The Anna Community Development Corporation ("CDC") of the City of Anna met at 5:00 p.m., on Thursday, June 5, 2014, at the Anna City Hall Administration Building, 111 North Powell Parkway (Hwy. 5), Anna, Texas, to consider the following items. Call to Order. John Houcek called the meeting to order at 5:02 p.m. Roll call was taken and a quorum was established. 2. Roll Call and Establishment of Quorum. Directors present were: Alonzo Tutson, John Houcek, Connie Stump, Sherilyn Godfrey, Lee Miller, and Michael Williams. Directors in abstention: None Others in attendance: Jessica Perkins, Chief Administrative Officer ("CAO"); and Clark McCoy, attorney for CDC. 3. Invocation and Pledge. The prayer was offered by John Houcek. He also led the Board in saying the Pledge of Allegiance. 4. Consider/Discuss/Action regarding accepting John Beazley's resignation from the board. John Beazley resigned from the Board due to his election to the City Council, Place 3. Connie Stump made a motion to accept his resignation. Sherilyn Godfrey seconded the motion. Motion passed. 5. Consider and discuss the fiscal year 2014-2015 proposed budget. Attached to the Board's meeting packet was the 2013-2014 and proposed 2014-2015 CDC budget with line item detail. Fiscal year 2015-2016 is also being framed. Jessica Perkins commented on the approx. amount of sales tax to be received in the future. It is anticipated that this amount will always be a steady increase to be used by CDC for community growth projects. Three part-time people were added to the City's 1. The Corporation may vote and/or act upon each of the items listed in this agenda. 2. 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 Meeting Act. 3. Persons with a disability who want to attend this meeting who may need assistance should contact the office of the City Secretary at 972 924-3325 two working days prior to the meeting so that appropriate arrangements can be made. 06-05-2014 CDC Minutes.doc maintenance crew because of the additional park work. Funds for the additional park workers was easily accommodated in the 2013-2014 budget. 6. Consider and discuss placing an ad in the Dallas Cowboys Publication for the 2014-2015 Season Program. The Board was in favor of placing a one-fourth (1/4) page ad in the publication. At a twenty percent (20%) discount, the ad will cost $2800. The expenditure will be split between the EDC and CDC boards. 7. Closed Session. a. Discuss or deliberate the purchase, exchange, lease, or value of real property (Tex. Gov't Code §551.072). b. 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). John Houcek read the foregoing into the record. Sherilyn Godfrey made a motion to move to Closed Session that was seconded by Lee Miller. The motion passed and the Board entered into Closed Session at 5:18 p.m. After discussing the business at hand, Michael Williams made a motion to adjourn Closed Session and return to Open Session. Sherilyn Godfrey seconded the motion. The motion passed and Closed Session was adjourned on Thursday, May 1, 2014 at 5:31 p.m. 8. Consider and Discuss regarding passing a resolution approving an Incentive Agreement for new economic development with Q Seminole Anna Town Center, L.P. Tabled. 9. Consider/Discuss/Action regarding approving of minutes of May 1, 2014. Tabled. 1. The Corporation may vote and/or act upon each of the items listed in this agenda. 2. 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 Meeting Act. 3. Persons with a disability who want to attend this meeting who may need assistance should contact the office of the City Secretary at 972 924-3325 two working days prior to the meeting so that appropriate arrangements can be made. 06-05-2014 CDC Minutes.doc 10. Adjourn. Lee Miller made a motion to adjourn the meeting. Michael Williams seconded the motion and the meeting was adjourned at 5:38 p.m. APPROVED: John Houcek President of CDC ATTESTED: Sherilyn Godfrey Secretary of CDC 1. The Corporation may vote and/or act upon each of the items listed in this agenda. 2. 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 Meeting Act. 3. Persons with a disability who want to attend this meeting who may need assistance should contact the office of the City Secretary at 972 924-3325 two working days prior to the meeting so that appropriate arrangements can be made. 06-05-2014 CDC Minutes.doe