HomeMy WebLinkAboutCDCpkt2015-04-09A
COMMUNITY
DEVELOPMENT
CORPORATION
April 9, 2015
Meeting Packet
SPEICAL MEETING AGENDA
ANNA COMMUNITY DEVELOPMENT CORPORATION
April 9, 2015 at 5:00 p.m.'
ANNA CITY HALL ADMINISTRATION BUILDING,
111 N. POWELL PKWY., ANNA, TEXAS
CORPORATION
The Anna Community Development Corporation will conduct a meeting at 5:00 p.m' on
April 9, 2015, 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. �ol�t� �c < , °f n i•
4. Consider/Discuss/Action regarding passing a resolution approving an expenditure
of funds for advertising in the Dallas Morning News Best Neighborhood to Live
2015 Edition. S f
5. Consider/Discuss7Action regarding passing a resolution approving a project and
related incentive agreement for new economic development with Q Seminole Anna
Town Center L.P., the Anna Economic Development Corporation, and the City of
Anna.
��T Li%�� �� ��•
6. Discussion '6r -p ffi'iPrilance agreemdnT-with Empowered Training Centre.
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;
I� 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);
I
Discuss or deliberate Economic Development Negotiations:
Z (1) To discuss or deliberate regarding commercial or financial information
L`� Z that the Board of Directors has received from a business prospect that the
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.
L? k98t-'
I PORTANT LEGAL NOTICE: The Corporation may vote andlor 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.
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)
8. Review of fiscal year finance statements.
9. Consider/Discuss/Action regarding minutes from November 6, 2014 and December
4, 2014.
10. Adjoum.
f
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. on April 6, 2015. Q
Jes ca Perkins(ghlef Administrative Officer
IMPORTANT LEGAL NOTICE: The Corporation may vote and/or act upon each of the hems 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 972-9243325 two working days prior to the
meeting so that appropriate arrangements can be made.
COMMUNITY
DEVELOPMENT
CORPORATION
Meeting: April 9, 2015
Staff Contact: Jessica Perkins
Exhibits: X Yes No
Item No. 4
Anna
Community Development
Corporation Agenda Staff Report
AGENDA SUBJECT: Consider//Discuss/Action regarding passing a resolution
approving an expenditure of funds for advertising in the Dallas Morning News Best
Neighborhoods to Live 2015 Edition.
SUMMARY: Despite the fact that Anna may not be on the list of "Best
Neighborhoods", it would be an opportunity to market to a large audience what Anna has
to offer. According to the DMN, the publication goes out to over 500,000 readers.
STAFF RECOMMENDATION: Staff recommends you consider the resolution.
ANNA COMMUNITY DEVELOPMENT CORPORATION
RESOLUTION NO.
A RESOLUTION OF THE ANNA COMMUNITY DEVELOPMENT CORPORATION
APPROVING AND AUTHORIZING THE EXPENDITURE OF FUNDS TO PLACE AN
ADVERTISEMENT IN THE DALLAS MORNING NEWS "BEST NEIGHBORHOODS"
EDITION
WHEREAS, the Anna Community Development Corporation (the "CDC") desires to
authorize the expenditure of funds to place an advertisement in the Dallas Morning
News "Best Neighborhoods" Edition; and
WHEREAS, the CDC has determined that this expenditure of funds is in the best
interests of the CDC's marketing efforts;
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 Funding
The CDC hereby authorizes the Chief Administrative Officer to charge the CDC's
promotional account in an amount up to $1500 without further permission from the CDC
Board of Directors and to expend said amount for the purpose stated in this resolution.
PASSED AND APPROVED by the Anna Community Development Corporation this
day of , 2015.
CDC President, John Houcek
ATTEST:
CDC Secretary, Sherilyn Godfrey
CDC OF ANNA, TEXAS RESOLUTION NO._ PAGE 1 OF 1
4e 9abs'Windu0coo
dallasnews.com
Print Ad Sizes
Dimensions
Rates
Full Page
9.66" x 11"
$4,550
1/2 Page Vertical
4.75" x 11"
$2,350'
12 Page Horizontal
9,66" x 5.41"
$2,350'
1/4 Page cube
4.75" x 5.41' `
$1,350'
Rates include full color.
Premium positions: inside front cover, inside back cover, backpage 25%
1- Includes 70kimpressions on dallasnews.com
2- Includes 60kimpmssions on dallasnews.corn
3- Includes 35kimpressions on dallasnews.com
r
Be A Part Of The 2015
Best Neighborhoods
in D -FW special section
On May 17, 2015, The Dallas Morning News and Briefing will publish a special section
highlighting the best places to live in the region. The Best in D -FW Neighborhoods
section will use stades, graphics, photos and lists to tell readers the places to live in
and around Dallas that best fit their Iifestyles.That will include:
Best overall neighborhoods
Best neighborhoods for empty nesters
Safest neighborhoods
Most walkable neighborhoods
Best neighborhoods for healthy living
Best neighborhoods for schools
Publish Date
Sunday, May 17, 2015
Space Deadline
Monday, April 20, 2015
Proof/Ad Material
Monday, April 27, 2015
Final Ad Release
Monday, May 4, 2015
Don't miss this opportunity to be a part of this event — contact your DMNmedla
Sales and Marketing Consultant at 214-842-6864 or 877-265-3995.
r
DMNmedi8Innovative solutions. Proven results.
DMNmedla. The marketing solutions group for The Dallas Morning News.
DEVELOPMENT
CORPORATION
Meeting: April 9, 2015
Staff Contact: Jessica Perkins
Exhibits: X Yes No
Item No. 5
Anna
Community Development
Corporation Agenda Staff Report
AGENDA SUBJECT: Consider/Discuss/Action regarding passing a resolution
approving a project and related incentive agreement for new economic development with
Q Seminole Anna Town Center L.P., the Anna Economic Development Corporation, and
the City of Anna.
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 approve the resolution.
ANNA COMMUNITY DEVELOPMENT CORPORATION
RESOLUTION NO.
A RESOLUTION OF THE ANNA COMMUNITY DEVELOPMENT CORPORATION
APPROVING A PROJECT AND RELATED INCENTIVE AGREEMENT FOR NEW
ECONOMIC DEVELOPMENT WITH Q SEMINOLE ANNA TOWN CENTER, L.P., THE
ANNA COMMUNITY DEVELOPMENT CORPORATION, AND THE CITY OF ANNA
AND AUTHORIZING THE DISBURSEMENT OF FUNDS UNDER SAID AGREEMENT
WHEREAS, the Anna Community Development Corporation (the "CDC") desires to
disburse funds in support of an Community development project that will create and
retain new jobs, and that will result in new capital investment within the corporate limits
of the City of Anna, Texas ("City"); and
WHEREAS, the CDC has received a project proposal from Q Seminole Anna Town
Center, L.P. who has represented that it will create and retain a significant number of
new jobs and that will result in new capital investment, all within the corporate limits of
the City; and
WHEREAS, the CDC has determined that it would be beneficial to the CDC and to the
City for the CDC to disburse funds for certain costs of the Project provided that the
promised jobs and capital investment are completed according to the terms of the
Agreement, as more specifically set forth in the Agreement; and
WHEREAS, the CDC has found that the Project will promote new or expanded business
development and that the expenditures of Community development funds under the
Agreement are required or suitable for infrastructure and site improvements necessary
to promote or develop new or expanded business enterprises;
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 Agreement
The CDC hereby approves the Incentive Agreement for New Community Development
with Q Seminole Anna Town Center, L.P., the Anna Community Development
Corporation, and the City of Anna ("Agreement') attached hereto as EXHIBIT A,
incorporated herein for all purposes, and authorizes the CDC President to execute
same on its behalf, subject to approval as to form by legal counsel for the CDC and final
content by the CDC Chief Administrative Officer, said Agreement to be effective upon
approval by the City of Anna City Council and as set forth in said Agreement.
ANNA CDC RESOLUTION NO. PAGE 1 OF 2
Section 3. Approval of Funding
The CDC hereby authorizes the Chief Administrative Officer to disburse funds as a
reimbursement in accordance with the Agreement.
PASSED AND APPROVED by the Anna Community Development Corporation on this
, day of 2015.
ATTEST:
John Houcek
CDC President
APPROVED:
Sherilyn Godfrey
CDC Secretary
ANNA CDC RESOLUTION NO. PAGE 2 OF 2
DEVELOPMENT
CORPORATION
Meeting: April 9, 2015
Staff Contact: Jessica Perkins
Exhibits: _X—Yes No
Item No. 6
Anna
Community Development
Corporation Agenda Staff Report
AGENDA SUBJECT: Discussion of performance agreement with Empowered Training
Centre.
SUMMARY: Staff met with Mubina Gillani, founder and CEO of Empowered Training
Centre, to discuss the status of the performance agreement as the terms of the agreement
are coming to a close as of June 2015. In the meeting she informed staff that the E135
funds that her company had been approved for where not working out. She still qualifies
for E135 funds, but finding a "funding match" has proved harder than anticipated. She is
requesting a 12 month extension to her performance agreement. Staff recommends that
the board considered this request, but also look at options to stop the loan funds from the
Revolving Loan Program. I have also requested a balance statement and a list of
employees.
Mubina was unable to attend this meeting, but plans to attend in May to approach the
board and answer questions.
Here is an update from Mubina: As we discussed, Empowered Training Centre
dba www.mycourseroom.com is requesting an extension of 12 months to
meet its employee level commitments to the City of Anna. When we agreed
to the commitment, we were approved for EB5 funding and were going
through the process of vetting potential investors. We have since realized
that the EB5 process is more conducive to brick and mortar investments and
finding a match for software investments is both time consuming and
costly. Our experience has been that investors either don't qualify for EB5
or want tangible investments in real estate. We have come to the conclusion
that the most viable option for us to raise the funds we need is through
Silicon Valley.
In order to be attractive for Silicon Valley funds, we need to raise our
registration levels from the current 14,000 learners to 50,000 learners. To
date, we were using an email marketing database of 350K professionals
(including K-12, healthcare, project management, and childcare) and have
been able to increase this database to 650K as of March 2015 (to put this in
context, we started with a database of 6K at the beginning of 2013). We
Item No. 6
continue to work on further increasing our proprietary email marketing
database of professionals to 1M in 2015. Furthermore, in the middle of
March 2015, the National Child Care Association (LACCA) also started
sending weekly marketing entails on our behalf (as a partner alliance) to
their 12000 child care center members (with a total of over 100,000
employees). We anticipate seeing a large number of these professionals
adopt learning through MyCourseRoom in the next 3-6 months.
With the above strategies, we believe we will meet our 50K registered
learners target in the next 6 months. Raising funds will also take another 3 —
4 months once we achieve this threshold. Our confidence in our ability to
raise funds is based on the elearning market trends that show tremendous
growth in the next few years:
GSV advisors' market predictions (http://www.e-
learninp_centre.co.uk/Resources/Market Reports /2012 17 market predictio
ns from GSV Advisors) tell us that the spend on education is "estimated at
$4450.9bn globally and is slated to grow at 7%, with K-12 growing at 6%,
Post -secondary at 8% and corporate and government also at 8%. E -learning
is however slated to grow at 23%. This takes the global e -learning market
impressively from $90bn to $166.5 bn in 2015 and $255 bn in 2017. That is a
Compound Annual Growth Rate (CAGR) of 23% between 2012-17". We
have provided other relevant statistics below.
We hope the City of Anna will continue to support us in our effort to gain
market share that will ensure sustainability over the years and will grant an
extension of 12 months for us to achieve our commitments. Below are brief
excerpts from market experts of trends that provide us with further
confidence in our approach. Our objective is to be positioned correctly so
that we can take advantage of these trends.
Elearning Market Trends:
http://www.prweb.com/releases/2015/01/prwebl 2446632.htm
"There was a sharp spike in investments going to Self -paced eLearning
companies, reaching $1.07 billion in 2014, up from $565.3 million in 2013.
The investments made to eLearning companies in 2014 were the highest in
the history of the learning technology industry and marks the first time
eLearning investments have reached the billion dollar threshold."
http•//www marketwired.com/press-release/learning-management-systems-
Ims-market-worth-783-billion-2018-forecasted-marketsandmarkets-
1845977.htm
"Major forces driving this market are the increasing adoption of e -learning,
businesses emphasizing on continuous learning practices, accountability
mandates, and the market trend of employing cloud technology to streamline
the learning process. LMS solutions create economies of scale and make
learning and development less costly for organizations.
Item No. 6
MarketsandMarkets believes that the need to manage and elevate e -learning
process, along with the cost-efficient and effective learning and development
programs is manifesting the growth in the Learning Management Systems
Market. The convenience of flexible learning and choices for curriculum
creation and delivery that LMS provide is expected to bring more demand
for the learning management solutions.
MarketsandMarkets forecasts the LMS market to grow from $2.55 billion in
2013 to $7.83 billion in 2018, at a CAGR of 25.2%. In terms of regions, North
America is expected to be the biggest market in terms of revenue
contribution, while Asia-Pacific and Latin America are expected to
experience increased market traction, during the forecast period.
About MarketsandMarkets
MarketsandMarkets is a global market research and consulting company
based in the U.S. We publish strategically analyzed market research reports
& serve as a business intelligence partner to Fortune 500 companies across
the world."
http•//elearningi nfograph ics.com/top-elearning-stats-and-facts-for-2015-
infographic/
Best,
Mubina
Mubina Gillani
CEO
Empowered Training Centre, LLC
www.mycourseroom.com
972-241-8282 (office)
972-824-9846 (mobile)
STAFF RECOMMENDATION: Staff recommends that the board considered a 12
month extension of the performance agreement, but also look at options to stop the loan
funds from the Revolving Loan Program.
Meeting: April 9, 2015
Staff Contact: Jessica Perkins
Item No. 7
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
Meeting: April 9, 2015
Staff Contact: Jessica Perkins
Exhibits: X Yes No
Item No. 8
Anna
Community Development
Corporation Agenda Staff Report
AGENDA SUBJECT: Review of fiscal year finance statements.
SUMMARY: n/a
STAFF RECOMMENDATION: Staff recommends you approve.
tko
a
U U
V
U d
s
c U
c Ln
¢ 0
O
N
0
O
N
a
d
A
c
O
Q
d
0
M m
m m
Ln
to
M
Ln
M
Ln
m
0
0
0
0
o
N
o
O
o
0
0
0
0
0
0
0
N
N
N
N
N
O
N
N
N
N
N
N
N
N
N
N
\
\
\
\
\
N
\
\
\
\
\
\
V
\
N
\
\
M
\
00
O
M
O
m"
N
M
O
N
\
01
O
M
M
M
N\\
m
N
rl
M
N
N
\
\
\
\
\
\
\
N
N
\
\
\
\
O 0
0
O
O
\
N
�--1
N
c -I
N
N
�
N
N
N
LN -1
ei
H
t
0
Y
d
O
C
O
N
V
V
O
C'.
W
C
NC
c
O
a
d
o
c
L
0
U)in
i
O
0
d
d
CL
m
c
m
Q
m
O
L
m
m
Y
L
L �
2
d
to
d
C
C
O
t0
H
VY)
d
O
m
O
m
4
tw
d
O
Cl)
t0
u
i
i
Y
d
Q
U
?�
O
Y
Y
6
C
O
m
0
H
C
C.
f0
L7
O>
d
L
U
j
d
L
C7
m
m
>
d
f0
L
d
]
d
V
C
¢
U?
w
d
x
W
d
x>>
d
x
N
c
H
c
d
x
+Y+
O
c
r
u
c
r
v
c
r
o
O
w
c
r
U
c
r
o
U
d
x
d
d
U
ao
nn
d
Z
u
LL
a
d
Z
m
F
Q
O
r
O
Q
O
an
O
d
i7
U
H
<7
>
N
K
C
Y
K
C
F-�
w
w
Ln
tY
G
U
>
K
H
U
N
OC
G
L
'w
n
N
LL
LL
m
m
v
m
H
a
m
v
v
M
N
M
O
o
m
N
N
M
vYi
0
N
N
vYi
d
O
d
O
d~'
dM'
u+'i
d
0
N
N
N
N
N
N
t)
d
N
N
d
N
O
U
)
a
N
N
N
N
(N
N
Ln
w
NN
N
N
N
N
a)D
N
N
a+
u
G
W
u
u
Z
C
W
O
C
W
u
U
U
O
C
W
u
u
u
W
lL
U
u
U
O
cn
M
m
a
to
w
a
to
m
L-+
O
O
O
W
Cl
Ol
O)
01
-1
r
n
N
"T
d-
V
m
O
O
01
01
01
Iq
Ln
Ln
00
M
N
N
N
r-1
tC
N
c-1
N
-I
.--I
N
N
N
t0
V
tD
N
6
N
00
00
O
n
O
n
m
Ln
N
V
w
N
aT
M
m
m
m
M
M
M
n
m
n
M
m
d'
M
V
a
I�
w
C'
N
N
N
N
O
e}
Ln
H
f+Y
S
O
N
N
e
N
I,
n
oo
O
O
m
V1
Ln
N
CF
t�
00
O
O
Ln
t
o
t0
l0
01
M
l0
06
N
e -I
e-1
rl
06
06
00
Ol
Ol
01
01
a
01n
01
in
tD
tp
V1
Lf1
Vl
Vl
Ln
M
0
01
f+I
m
V
m
O
w
tC
0
0
W
00
00
n
O
M
m
m
m
M
M
M
m
w
t0
Ln
N
M
M
M
M
M
m
M
M
M
M
M
V
'V'
a
V
M
m
m
M
M
M
M
m
m
M
M
M
m
m
VT
VT
VT
VT
VT
VT
VT
VT
VT
VT
VT
VT
VT
14
in
VT
VT
VT
VT
VT
VT
VT
VT
VT
VT
VT
VT
VT
VT
O
O
O
O
O
O
Ln
001
Ln
ta0
00
N
N
H
O
M
N
N
o
N
Ln
N
Ln
m
00
1,
m
vl�
t0
N
VT
1
�-Z
n
VT
VT
lD
N
1R
L
VT
VT
00
N
N
Ln
Ln
-ii
O
00
N
m
N
N
M�
1,
00
O
0M1
n
N
N
r-1
M
N
.--I
c -I
N
m
06
i^
o
i
o
`^
vT
VT
v
N
M
M
N
M
VT
V!
VT
VT
VT
�
v
a
v
a
a
a
V
V
v
v
a
Ln
Ln
Ln
Ln
Ln
Ln
Ln
Ln
Ln
Ln
Ln
Ln
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
\
\
\
\
\
\
\
\
\
\
\
\
\
\
\
\
\
\
\
\
\
\
-I
\
M
\
t0
O
N
O
N
M
N
a -I
m
I,
N
n
N
m
N
O
M
M
M
M
M
L -I
N
N
N
N
M
m
\\
m
N
\
lb
N
a
\\\
\
\
\
\
\
\
\
\
\
\
\
\
\
\
\
\
\
N
N
N
\
M
M
M
O
O
O
O
N
N
N
N
N
N
N
N
c -I
N
N
N
N
ei
DEVELOPMENT
CORPORATION
Meeting: April 9, 2015
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
November 6, 2014 and December 4, 2014.
SUMMARY: n/a
STAFF RECOMMENDATION: Staff recommends you approve.
MINUTES OF MEETING OF THE
ANNA COMMUNITY DEVELOPMENT CORPORATION
Thursday, November 6, 2014
The Anna Community Development Corporation ("CDC') of the City of Anna met at 5:00 p.m.,
on Thursday, November 6, 2014, at the Anna City Hall Administration Building, 111 North
Powell Parkway (Hwy. 5), and Anna, Texas, to consider the following items.
Roll Call and Establishment of Quorum.
Alonza Tutson, Vice -President, called the meeting to order at 5:56 p.m. Roll call was
taken and a quorum was established.
2. Roll Call and Establishment of Quorum.
Directors present were: Lee Miller, Michael Williams, Connie Stump,`Alonza'Jutson, and
Doug Hermann.
Directors in abstention: Jeffrey Sykes and John Houcek.
Guests speaking to Agenda Items: Connie Christenson, President of the Greater Anna
Chamber of Commerce; and Richard A. Ferrara, Architect Emeritus with Funderburg
Realty.
Others in attendance: Jessica Perkins, Chief Administrative Officer ("CAO"); Clark
McCoy, legal counsel for Anna Community Development Corporation; and Secretary,
Sherilyn Godfrey.
3. Invocation and Pledge.
4. Consider and discuss partnering with the Chamber to create a magazine style
print advertising piece.
Several years ago, the Community Development Corporation ("CDC'), Anna Economic
Development Corporation ("EDC') and the Greater Anna Chamber of Commerce
("GACC") created an informational marketing tool that was distributed to people
attending national and local trade shows as well as to perspective businesses, real
estate agents and developers visiting the City of Anna. This brochure is now outdated
and needs to be updated. On behalf of the GACC, Connie Christenson, President, has
asked both Corporations to partner with them again to create a new print piece that will
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.
11-06-2014 CDC Minutes.doc
contain a city map and present information regarding downtown renovation, largest
employers, business growth, incentives/benefits for locating in Anna, schools and future
neighborhoods. The brochure will be designed as a magazine.
The chamber requested that the corporations, EDC and CDC, split the expense for the
magazine style advertising piece. It was suggested that the chamber could sell
advertising space in the marketing piece to help offset the cost. A list of topics was
given to the Directors for their perusal and recommendations. A copy of the final layout
and pricing information will follow.
5. Consider/Discuss/Action regarding passing a resolution to enter into a revised
professional services contract with LaFollett and Abbott CPA firm to complete IRS
form 990 annually, an annual audit and annual W -9's.
Jessica Perkins reported that she has been handling the filings of the W -9s and 1099s
with the IRS on behalf of the Corporation. Ms. Perkins has been doing this manually;
and, if there is a problem, it is too time consuming to deal with the IRS in resolving the
issue at hand. Therefore, Ms. Perkins believes it is in the best interest of the Corporation
that the professional (tax) services be contracted with LaFollett and Abbott, a CPA firm
that currently handles the City's tax matters. On October 31, 2014, an engagement
letter was sent by LaFollett and Abbott, a CPA firm, outlining their responsibilities and
the responsibilities of the Board. Their hourly rate is $150.00 to $185.00 with a cap of
$5,000.00/yr.
Michael Williams made a motion to adopt the resolution authorizing the Chief
Administrative Officer to act on the Board's behalf in executing a revised contract for
consulting services with LaFollett and Abbott, a CPA firm, to assist with IRS Form 990,
an annual audit, and annual 1099s, subject to approval of form and content by the
CDC's legal counsel, with LaFollett and Abbott, a CPA firm, for professional tax services
not to exceed $5,000.00 annually without further Board approval, said authority to
include execution of all necessary documents consummate the business relationship
with said consultant. Connie Stump seconded the motion. Motion passed.
6. Review and Discuss last fiscal year's budget.
September 30, 2014, was the end the fiscal year for the Anna Community Development
Corporation. Outstanding invoices were paid and the collection of data for the annual
audit is in the process. A line by line itemization for FY 2013-14 Budget Ledger was
given the Directors as part of the meeting packet. Currently, CDC's Budget Ledger
shows that the Corporation is receiving $23,021.00 to $31,536.00 monthly in sales tax
revenue with the average being $27,500.00. The Corporation is operating within budget
with a positive year-end balance.
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.
11-06-2014 CDC Minutes.doc 2
7. Consider/Discuss/Action regarding approving the minutes from November 6,
2014.
Lee Miller made a motion to approve the minutes as written. Dough Hermann seconded
the motion. Motion passed.
8. Adjourn.
Michael Williams made a motion to adjourn the meeting. Connie Stump seconded the
motion and the meeting was adjourned at 6:01 p.m.
APPROVED:
Alonza Tutson
Vice -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 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.
11-06-2014 CDC Minutes.doc 3
MINUTES OF MEETING OF THE
ANNA COMMUNITY DEVELOPMENT CORPORATION
Thursday, December 4, 2014
The Anna Community Development Corporation ("CDC") of the City of Anna met at 5:00 p.m.,
on Thursday, December 4, 2014, at the Anna City Hall Administration Building, 111 North
Powell Parkway (Hwy. 5), and Anna, Texas, to consider the following items.
Call to Order.
John Houcek, President, 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: Lee Miller, Michael Williams, Connie Stump,, AlonzalTutson (late
due to traffic), and Doug Hermann.
Directors in abstention: Jeffrey Sykes.
Others in attendance: Jessica Perkins, Chief Administrative Officer ("CAO"); Clark
McCoy, legal counsel for Anna Community Development Corporation; Secretary,
Sherilyn Godfrey.
3. Invocation and Pledge.
4. Consider/Discuss/Action regarding accepting Jeffrey Sykes resignation from the
board.
Citing personal and family matters needed to take prescient at this time, Jeffrey A. Sykes
tendered his resignation to the Board. Lee Miller made a motion to accept Mr. Sykes'
resignation. Doug Hermann seconded the motion. Motion passed.
5. Consider/Discuss/Action regarding passing a resolution to authorize Clayton
Fulton, City of Anna Finance Director, to open and review the Anna Community
Development Corporation's mail, to write purchase orders for payment to Anna
Community Development Corporation vendors, and otherwise assist with
operational functions of Anna Community Development Corporation, while the
Chief Administrative Officer, Jessica Perkins, is on maternity leave.
Connie Stump made a motion to adopt the resolution and authorize Clayton Fulton, City
of Anna Finance Director, to assume all necessary duties conferred upon the CDC's
Chief Administrative Officer by the Anna Community Development Corporation bylaws or
I. 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.
12-04-2014 CDC Minutes.doc
as otherwise authorized by the Anna Community Development Corporation until the
Chief Administrative Officer returns from maternity leave and resumes her duties or
when the Anna Community Development Corporation resolves to terminate this
authorization, whichever occurs first. Michael Williams seconded the motion. Motion
carried.
6. Consider/Discuss/Action regarding a passing a resolution to partner with the
Chamber to partner with the Chamber to produce a magazine style Resource
Guide about Anna.
Both corporations are in agreement with the partnership and proceed with the production
of esource guide. A mock-up was passed around for the Directors to look at. Michael
Willima made a motion to adopt the resolution and authorize the expenditure of funds to
partner with the Chamber to create and print a magazine style resource guide in an
amount not to exceed $2000.00 without further permission from the CDC Board of
Directors. Doug Hermann seconded the motion. Motion passed.
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 Community 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 Community 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).
Not needed.
8. Consider/Discuss/Action regarding approving of minutes from November 6. 2014.
Tabled item due to a computer glitz in printing the document.
I. 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.
12-04-2014 CDC Minutes.doc
9. Adjourn.
Lee Miller made a motion to adjourn the meeting. Doug Hermann seconded the motion
and the meeting was adjourned at 5:17 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.
12-04-2014 CDC Minutes.doc