HomeMy WebLinkAboutCDCpkt2016-09-29 Special MeetingCORPORATION
September 29, 2016
Meeting Packet
SPECIAL
MEETING AGENDA
ANNA COMMUNITY DEVELOPMENT CORPORATION
September 29, 2016 at 5:00 p.m.'
j ANNA CITY HALL ADMINISTRATION BUILDING,
COMMUNITY 111 N. POWELL PKWY., ANNA, TEXAS
DEVELOPMENT
CORPORATION
The Anna Community Development Corporation will conduct a meeting at 5:00 p.m.' on
September 29, 2016, at the Anna City Hall Administration Building, 111 N. Powell
Parkway, to consider the following items:
1. Call to Order.
>iiS M
2. Roll Call and Establishment of Quorum. n /� 10070 r +
3. Invocation and Pledge.
4. Consider/Discuss/Action adopting a resolution approving the budget for fiscal year
2016-2017 bu get.
I /
5. Consider/Discuss/Action adopting a resolution approving a sponsorship agreement
with the -Greater An9r�a Chamber of Commerce. // c
1 . 01",1(,1 _k dk .
6. CLOSED SESSION (exceptions): 44- l/-
a. Deliberate regarding the purchase, exchange, lease or value of real X,,�Z
9 9 p 9
property. (Tex. Gov't Code §551,072) land 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
' 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 Ad. 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); land;
RLF program.
7. Consider/Discuss/Action adopting a resolution approving a line of credit project
with Simply FIQpr It, LLC and directing public notice.
8. Update on Natural Springs Park Project.
9. Consider/scuss/Action regarding minutes fromAugust 4, 2016.
10. Adjou A—L
V"-` c° C
This is to cer6#y thatIca Perkins Chief Admiriistfative Officer, nos Jthis age11zi0 a"(
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 September 26, 2016.
,l,Ccl. �Zti�
Je sl a Perkins, l Administrative Officer
IMPORTANT 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.
DEVELOPMENT
CORPORATION
Meeting: September 1, 2016
Staff Contact: Jessica Perkins
Item No.
Anna
Community Development
Corporation Agenda Staff Report
AGENDA SUBJECT: Consider/Discuss/Action adopting a resolution approving the budget
for fiscal year 2016-2017 budget.
SUMMARY: The City Council has reviewed and approved the proposed budget.
STAFF RECOMMENDATION: Staff recommends you approve.
CS
�$$$g$�$$$�$$o$$��
.ti Ci O O6 vi G C G I� vl 0 O d G UG M C
,4 O O O N l0 M N IO m Of C'
�/1 'I W l0 Y1 el lV el �-
N
N
o
N
N
oo
'p1
}N
LL
N
V1
O O O
m V1 vl
N N
Y1
O O
N VI
N
N
O O O O O
O v1 vl $ S$ S N m
Vf N N N W O VI N
^ 1A VI V1 C 'I N N
O
V1 S
O O
IYI Uf
YI N H N
N N
N
C
O
G
z
O
0C
6
A
C
So�0
o
N
N
oo
S
O
G
N
C
O
G
z
O
A
C
C
voi
00
N
q
V
1O1pp
N
app
N
D
N
N
0
a
N
ON
V
h
N
M
O S V1 U
O M O O O
YT N � {/1 V1 N M VOf N W vbf W n N �yNrl
GO N N N N N N N Y
W
Q I O O O I N O p O O O O O] at O O O O N
N N N N N N O N N N N l00 N N S N O b l0
a VD V V W °N'
S O OIC O 0 0
009
O 0 0 0 0 0 u 01 O O O C
M M H OGD N OQ N Vi N$0N N
$ v1 N $ C C
V� N VI 1/t mN H NN CO m q
N
0 N N
N N
N
N
S
A
A
C
C
voi
N
N
q
V
1O1pp
N
app
N
O
Z Z
a
Z Z
F U F
Z F
yZj 6' W 'J u i
Z> w n a U 0 2
Z W a
K M Z W N Q n W W O
W Z 6 U Z O w e, U Z a
O a Z f Z w Z Z U X j Q C
Ci O
� w�
n ZF-
J W Z U f W n 6 Q W O VI r O O �O fO O
Q w M eV .i .y Yf M Vt tD N Z m N Q N .y .y
=3
ANNA COMMUNITY DEVELOPMENT CORPORATION
RESOLUTION NO.
A RESOLUTION OF THE ANNA COMMUNITY DEVELOPMENT CORPORATION
ADOPTING THE FY 2016-2017 FISCAL YEAR BUDGET
WHEREAS, to be effective October 1, 2016, 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
2016-17 fiscal 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 2016-17 Budget
The CDC Board of Directors hereby approves adopting the Anna Community
Development Corporation 2016-2017 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 2016.
APPROVED:
John Houcek, CDC President
ATTEST:
Sherilyn Godfrey, CDC Secretary
CDC OF ANNA, TEXAS RESOLUTION NO._ PAGE 1 OF 1
DEVELOPMENT
CORPORATION
Meeting: September 1, 2016
Staff Contact: Jessica Perkins
Item No. 0
Anna
Community Development
Corporation Agenda Staff Report
AGENDA SUBJECT: Consider/Discuss/Action adopting a resolution approving a sponsorship
agreement with the Greater Anna Chamber of Commerce.
SUMMARY: The corporations have historically supported the annual events of the
GACC. For the past several years the Corporations have entered into a fiscal year
agreement for sponsorship. The annual agreement has allowed for better planning and
budgeting. This year with the possible change due to the sales tax proposition, staff is
recommending doing a sponsorship agreement for the remainder of the calendar year
at this time.
The total amount of sponsorship being requested at this time is for Glow Fest = $8000
and the Christmas Parade =$25994 • "=-
STAFF RECOMMENDATION: Staff recommends you approve.
Exhibit A
AGREEMENT FOR SPONSORSHIP COMMITMENT FOR 2016
THIS AGREEMENT FOR SPONSORSHIP COMMITMENT (this "Agreement") is made
by and between the Anna Community Development Corporation ("CDC"), and the
Greater Anna Chamber of Commerce, Inc. ("GACC") and entered into on this
day of 2016.
Section 1. Summary
For the remainder of CDC's 2016 calendar year, the CDC hereby promises to make
certain payments to the GACC to sponsor certain GACC events that GACC promises
will promote the CDC and the growth and the development of the City. The amount of
each payment is specified under this Agreement for each corresponding GACC event.
Each payment is to be provided to the GACC prior to each event, but is contingent
upon GACC providing a letter of intent to organize and hold the corresponding event
and meet the corresponding benchmarks set forth herein, as well as to adequately
promote the CDC and the City.
Section 2. Definitions
For purposes of this Agreement, the following meanings shall apply:
(a) City shall mean the City of Anna, Texas.
(b) CDC shall mean the Anna Community Development Corporation, a Texas
nonprofit corporation.
(c) GACC shall mean the Greater Anna Chamber of Commerce, Inc., a Texas
nonprofit corporation.
(d) Sponsor shall mean a person or corporation that pays or provides something of
value to the GACC in connection with a GACC event in exchange for GACC
providing promotional marketing or any other benefits associated with the GACC
event.
(e) Sponsorship Benefits shall mean at least that amount of sponsorship
designation, advertising in print and broadcast media, marketing materials and
opportunities, onsite and offsite signage and marketing, public relations benefits
and all other benefits listed in this Agreement and/or otherwise available that
would promote the CDC to an extent equal to or greater than any other Sponsor
of the GACC event in question. In other words, Sponsorship Benefits shall
provide the CDC with at least "equal billing" compared with any other Sponsor
and shall provide the highest level of promotional or other benefits made
available or provided to any other Sponsor, regardless of the amounts paid by
the CDC as compared with other Sponsor Designation includes and shall mean:
AGREEMENT FOR SPONSORSHIP COMMITMENT 2016 PAGE 1 OF 8
Exhibit A
(1) the CDC shall be named as a Sponsor of the GACC event, that the CDC
may use the same designation in all GACC-approved advertising,
merchandising and promotions; and
(2) the CDC shall have first right of refusal as a Sponsor of any subsequent
events arising out of any of the GACC events in future years.
Section 3. General Requirements
3.01 Letter of Intent
The GACC agrees to provide to the CDC a letter of intent thirty (30) days prior to each
event and prior to the CDC's payment to GACC of any funds for such event. The letter
of intent will be drafted on a standard form attached as "Exhibit A", and incorporated
herein as if set forth in full. The letter of intent shall include a promise by the GACC to
organize and hold the specific event setting forth its purpose and goals including the
benchmark provisions set forth in this Agreement and shall constitute further binding
contractual responsibilities of the GACC to attain those benchmarks and adequately
promote the CDC. The letter of intent for any given event may set forth a different
amount requested to be paid by the CDC than the amount estimated for such event as
set forth in Section 4 of this Agreement.
3.02 Sponsorship Benefits
The GACC agrees to furnish all materials, equipment, tools and other items necessary
to provide Sponsorship Benefits to the CDC, and, in addition, all Sponsor
Designations, advertising in print and broadcast media, marketing materials and
opportunities, onsite and offsite signage and marketing, and all other public relations
and promotional benefits as further described in this Agreement under each specific
event.
Advertising in print and broadcast media includes the CDC's identification as Sponsor
on all print advertising secured promoting the GACC event. All such advertising shall
reference the CDC as: The City of Anna Community Development Corporation.
Marketing materials and opportunities, onsite signage and marketing, and public
relations benefits will be provided for under each specific event in this Agreement.
Section 4. GACC Events
The GACC and CDC anticipate CDC sponsorship of the following events and provides
specific terms of compensation, Sponsorship Benefits, goals and benchmarks to
gauge promotional impact:
4.01 Glowfest
Name/Purpose: Glowfest 2016, Community Fall Festival
AGREEMENT FOR SPONSORSHIP COMMITMENT 2016 PAGE 2 OF 8
Exhibit A
Date, Time, Location of Event: All Day on Saturday, October 29, 2016 at Slayter
Creek Park (and surrounding private property)
Estimated Compensation amount: $8,000.00
Sponsorship Obligations of GACC in addition to Sponsorship Benefits: CDC Logo on
pre -event banners; CDC Logo on registration form; listed as "Platinum Level" sponsor
in newspaper advertisement and article
Promotional Benchmark Requirements: GACC will provide approximate headcount of
attendees' and geographic locations where attendees reside.
4.02 2015 Christmas Parade and Winter Wonderfest
Name/Purpose: 2016 Christmas Parade and Winter Wonderfest- Community Festival
and Parade
Date, Time, Location of Event: All Day on Saturday, December 10, 2016, parade
route
Estimated Compensation amount: $3,000.00
Sponsorship Obligations of GACC in addition to Sponsorship Benefits: CDC Logo on
pre -event banners; CDC Logo on registration forms; listed as sponsor in newspaper
advertisement and article
Promotional Benchmark Requirements: GACC will provide a count or list of float
participation.
Section 5. Compensation
In consideration of the performance of GACC's obligations under this Agreement,
including the provision of Sponsorship Benefits described herein, the CDC agrees to
pay the GACC the total amount of compensation of ($11,000) for the remainder of the
CDC's calendar year 2016, subject to the conditions set forth in this Agreement.
Before the CDC shall have any obligation to make any payment to GACC with respect
to any given event described in Section 4 of this Agreement, the GACC must timely
provide the CDC with a letter of intent—signed by a GACC representative authorized
to contractually bind the GACC—as described in Section 3.01 of this Agreement and
the GACC must submit said letter of intent to the CDC before the applicable deadline
for such event as set forth in Section 4 of this Agreement. The total ($11,000) amount
of compensation shall be made in separate payments with the amount of each
payment being determined by the CDC by electing one of the two following options
per GACC event: (1) the estimated compensation amount set forth in Section 4 of this
Agreement; or (2) a different amount requested by GACC that is set forth in the letter
of intent described in Section 3.01 of this Agreement and attached hereto as Exhibit A.
If the CDC decides to honor any GACC request for a different amount than what is set
AGREEMENT FOR SPONSORSHIP COMMITMENT 2016 PAGE 3 OF 8
Exhibit A
forth in Section 4 of this Agreement, the CDC shall thereafter have discretion to alter
the amount of payments it makes with respect to any remaining events so that its
overall compensation paid to the Chamber under this Agreement does not exceed
$11,000 during the CDC's remainder of calendar year 2016. The GACC shall provide
the CDC with a written receipt.
Section 6. Licenses and Permits
The GACC shall obtain and pay for any and all permits, licenses, disposal fees, or any
other costs required for any of the GACC events and to fulfill this Agreement. The
GACC shall take all reasonable steps necessary to ensure that all state, federal, and
local permitting and licensing requirements are met at all times during all GACC
events. The GACC must comply with all federal and state laws, and local ordinances
while organizing and participating in the GACC events.
Section 7. Independent Contractor Status/ Liability/ Indemnity
It is expressly understood and agreed that the CDC has no right of control,
supervision, or direction over any work performed by the GACC relating in any way to
the GACC's undertaking of any of its events (the "Work"), including but not limited to
its employees, agents, contractors, or its subcontractors, nor does the CDC have any
control, supervision or direction of the means, methods, sequences, procedures, and
techniques utilized to complete any of the Work. There shall be no joint control over
the Work. The GACC agrees to fully defend, indemnify and hold harmless the
CDC from any claim, proceeding, cause of action, judgment, penalty, or any
other cost or expense arising or growing out of, associated or in connection
with the Work. The indemnification includes, but is not limited to, attorney fees
incurred by the CDC in defending itself or in enforcing this Agreement. By
entering into this Agreement, GACC waives all rights and remedies in law or in equity
except to seek enforcement of specific performance, without any right to
reimbursement of costs or attorney fees, of the obligations under this Agreement. This
provision is not intended to and does not waive any of the CDC's governmental
immunities, including immunity from suit and liability.
Section 6. Insurance
GACC shall procure and maintain for the duration of this Agreement insurance against
claims for injuries to persons or damages to property, which may arise from or in
conjunction with the performance of the Work or in any way related to the GACC's
undertakings performed in connection with the GACC events, including but not limited
to coverage for GACC, its agents, representatives, employees, contractors, or
subcontractors. The form and limits of such insurance, together with the underwriter
thereof in each case, must be acceptable to the CDC but regardless of such
acceptance it shall be the responsibility of the GACC to maintain adequate insurance
coverage at all times. Failure of the GACC to maintain adequate coverage shall not
relieve the GACC of any contractual responsibility or obligation. Each policy shall
AGREEMENT FOR SPONSORSHIP COMMITMENT 2016 PAGE 4 OF 8
Exhibit A
provide that there will be no alteration or modification which reduces coverage in any
way prior to 30 days written notice being given to the CDC. A copy of each policy, or
at the CDC's discretion, a certificate of insurance, shall be filed with the CDC
Secretary.
Section 9. Default
9.01 Events of Default
The occurrence, at any time during the term of the Agreement, of any one or more of
the following events, shall constitute an Event of Default under this Agreement:
(a) the failure of GACC to timely provide the CDC with a properly executed letter of
intent in accordance with the terms of this Agreement prior to each event;
(b) the failure of the GACC event to occur on the scheduled date, or—if the event
cannot occur on the originally scheduled date due to inclement weather—the failure of
the GACC event to be rescheduled and occur in accordance with Section 18 of this
Agreement;
(c) the failure of GACC to provide the CDC with all Sponsorship Benefits enumerated
in this Agreement for each event;
(d) the failure of GACC to meet each promotional benchmark requirement;
(e) the failure of the CDC to pay the GACC according to the compensation terms of
each event when such payment may become due; and
(f) the CDC's or GACC's breach or violation of any of the material terms, covenants,
representations or warranties contained herein or GACC's failure to perform any
material obligation contained herein.
9.02 Uncured Events of Default
Upon the occurrence of an Event of Default by CDC that can be cured by the
immediate payment of money to GACC, CDC shall have 10 calendar days from
receipt of written notice from GACC of an occurrence of such Event of Default to cure
same before GACC may exercise any of its remedies as set forth in this Agreement.
Upon the occurrence of an Event of Default by GACC that does not include the failure
to abide by a deadline or to a failure described in Section 9.01(b), it shall have 10
calendar days from receipt of written notice from CDC of an occurrence of such Event
of Default to cure same, or, if same cannot be effectively cured within 10 calendar
days and fully and effectively provide CDC with the Sponsorship Benefits, the default
may be cured by refunding CDC's entire sponsorship fee, unless such Event of
Default creates or contributes to an emergency situation in which injury to persons or
property reasonably appears imminent, in which case CDC is immediately entitled to
AGREEMENT FOR SPONSORSHIP COMMITMENT 2016 PAGE 5 OF 8
Exhibit A
exercise or seek all rights available to it at law or in equity. If with respect to any given
event set forth in Section 4 of this Agreement, there is a failure of GACC to meet a
deadline or a failure described in Section 9.01(b), the CDC shall be entitled to a full
refund of any amounts paid by the CDC to GACC for such event.
Section 10. Amendment; Termination
This Agreement may not be amended except pursuant to a written instrument signed
by both parties. This Agreement shall terminate once both parties shall have
completed performance of their respective obligations hereunder.
Section 11. Notice
Notice as required by this Agreement shall be in writing delivered to the parties via
postage prepaid, U.S. certified mail, return receipt requested, at the addresses listed
below:
Q
CDC President
Anna Community Development Corporation
111 N. Powell Parkway
Anna, Texas 75409
GACC
GACC Director
Greater Anna Chamber of Commerce
218 W. 41" Street, Suite C
Anna, Texas 75409
Each party shall notify the other in writing within 10 days of any change in the address
information listed in this section.
Section 12. No Waiver of Immunity
Nothing in this Agreement waives any governmental immunity available to the CDC
under Texas law. The provisions of this paragraph are solely for the benefit of the
parties hereto and are not intended to create or grant any rights, contractual or
otherwise, to any other person or entity.
Section 13. Entire Agreement
This Agreement represents the entire and integrated Agreement between CDC and
GACC and supersedes all prior negotiations, representations and/or agreements,
either written or oral. This Agreement may be amended only by written instrument
signed by both parties.
Section 14. Governing Law and Venue
This Agreement shall be governed by the laws of the State of Texas as to
interpretation and performance. Any and all legal action necessary to enforce this
AGREEMENT FOR SPONSORSHIP COMMITMENT 2016 PAGE 6 OF 8
Exhibit A
Agreement shall be brought in a court of competent jurisdiction in Collin County,
Texas or in the United States District Court for the Eastern District of Texas, Sherman
Division.
Section 15. Severability
The provisions of this Agreement are severable. In the event that any paragraph,
section, subdivision, sentence, clause, or phrase of this Agreement shall be found to
be contrary to the law, or contrary to any rule or regulation having the force and effect
of the law, such decisions shall not affect the remaining portions of this Agreement.
Section 16. Contract Interpretation
This Agreement is the result of negotiation between the parties, and shall, in the event
of any dispute over the meaning or application of any portion thereof, be interpreted
fairly and reasonably, and not to be more strictly construed against one party than
another, regardless of which party originally drafted the section in dispute. Time is of
the essence with respect to the deadlines set forth in this Agreement.
Section 17. Force Majeure
If a party is prevented or delayed from performing any of its obligations hereunder due
to a natural or manmade event or condition not caused by such party and beyond
such party's reasonable control, then such party's performance of those obligations
shall be suspended until such time as the event or condition no longer prevents or
delays performance. If any event or condition results in the creation of amounts of
refuse in excess of ordinary amounts, then the parties shall discuss, but shall not be
bound to conclude, terms and conditions for collection of those excess amounts.
Section 18. Inclement Weather
If the GACC cannot reasonably proceed with an event due to inclement weather, then
the GACC shall reschedule the event so that it occurs in reasonably close temporal
proximity to the original date scheduled for the event. A failure to so reschedule and
hold the event is a material breach of this Agreement.
Section 19. Assignment
It is understood and agreed that GACC shall not assign, sublet, or transfer any of the
rights and duties under the terms of this Agreement without the prior written approval of
the CDC.
AGREEMENT FOR SPONSORSHIP COMMITMENT 2016 PAGE 7 OF 8
Exhibit A
Section 20. Effective Date
This Agreement shall be effective upon the date first stated herein, and performance
of such Agreement shall begin as soon thereafter as practicable.
IN WITNESS WHEREOF, CDC and GACC have executed this Agreement.
A
Kevin Hall
Greater Anna Chamber of Commerce
John Houcek
CDC President
AGREEMENT FOR SPONSORSHIP COMMITMENT 2016 PAGE 8 OF 8
ANNA COMMUNITY DEVELOPMENT CORPORATION
RESOLUTION NO.
A RESOLUTION OF THE ANNA COMMUNITY DEVELOPMENT CORPORATION
AUTHORZING THE CHIEF ADMINISTRATIVE OFFICER TO SIGN AN AGREEMENT
WITH THE GREATER ANNA CHAMBER OF COMMERCE
WHEREAS, the Anna Community Development Corporation (the "CDC") wishes to
expend funds in support the efforts of the Chamber; and
WHEREAS, the CDC believes that funding the Chamber is a necessary promotional
expense for the CDC and the Anna community; and
WHEREAS, the CDC intends that said funds be used solely for the events outlined in
Exhibit A, insurance coverage, and permits necessary for the events; and
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 Agreement
The CDC hereby authorizes the Chief Administrative Officer to sign an agreement with
Greater Anna Chamber of Commerce attached hereto as EXHIBIT A.
Section 3. Approval of Funding
The CDC hereby authorizes the Chief Administrative Officer to charge the CDC's
promotional account in accordance with the procedures outlined in EXHIBIT A.
PASSED AND APPROVED by the Anna Community Development Corporation this
day of
APPROVED:
John Houcek, CDC President
2016.
ATTEST:
Sherilyn Godfrey, CDC Secretary
CDC OF ANNA, TEXAS RESOLUTION NO._ PAGE 1 OF 1
COMMUNITY
DEVELOPMENT
CORPORATION
Meeting: September 1, 2016
Staff Contact: Jessica Perkins
Item No. b
:1J_ e
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) land;
Simply Floor It.
SUMMARY: n/a
STAFF RECOMMENDATION: n/a
COMMUNITY
DEVELOPMENT
CORPORATION
Meeting: September 29, 2016
Staff Contact: Jessica Perkins
Item No. 7
Anna
Community Development
Corporation Agenda Staff Report
AGENDA SUBJECT: Consider/Discuss/Action adopting a resolution approving a line of
credit project with Simply Floor It, LLC and directing public notice.
SUMMARY: The CDC has an applicant for the RLF (revolving loan fund) program. The
company is Simply Floor It. The owner Andrea Henry, has been in the commercial
flooring business for many years and is interested in opening a showroom in Anna. Ms.
Henry is working with Luigi Carleo, owner of Santa Anna business, on finishing out some
retail space. Ms. Henry is requesting a $50,000 loan to assist with cost associated with
finishing out the showroom, hiring staff, and expanding her floor business in the
residential arena. Her loan agreement has a provision that if Ms. Henry hires 3
employees and contributes $10,000 in sales tax revenue over the next 2 years her debt
will be paid for her by the corporation.
STAFF RECOMMENDATION: Staff recommends you approve.
LOAN AGREEMENT AND PROMISSORY NOTE
THIS LOAN AGREEMENT AND PROMISSORY NOTE (this "Agreement"), is made this _ day of
, 2016, by and among SIMPLY FLOOR IT, LLC, a Texas limited liability company
(hereinafter known as "BORROWER") and the ANNA COMMUNITY DEVELOPMENT CORPORATION, a
corporation under the laws of the State of Texas (hereinafter known as "LENDER"). BORROWER and LENDER shall
collectively be known herein as "the Parties". In determining the rights and duties of the Parties under this
Agreement, the entire document must be read as a whole.
PROMISSORY NOTE
FOR VALUE RECEIVED, BORROWER promises to pay to the order of LENDER, the sum of $50,000.00 plus 2%
interest per annum, in 36 consecutive monthly installment payments, the first monthly installment payment being due
on March 1, 2019 and the last monthly installment payment being due on or before the 1s` day of the 60th month
following the Effective Date, as set forth in further detail in the schedule attached hereto as Exhibit A. The first thirty-
five monthly payment amounts shall be $ and the final monthly payment amount shall be
$ . This Agreement is subject to the additional terms found below.
ADDITIONAL LOAN TERMS
The BORROWER and LENDER hereby further set forth their rights and obligations to one another under this
Agreement and Promissory Note and agree to be legally bound as follows:
A. Loan Payment Forgiveness. In the event that BORROWER can prove to LENDER to LENDER'S
reasonable satisfaction that as of December 1, 2018 borrower has created three jobs and has generated
sales resulting in at least $10,000 in sales and use tax having been collected by the City of Anna, the
obligation of BORROWER to pay any sums under this Agreement shall be forgiven and this Agreement shall
expire; provided, however, that if BORROWER fails to fully provide such proof to Lender on or before
February 28, 2019, then this paragraph shall not apply and BORROWER must pay the sums to LENDER in
accordance with this Agreement. Said jobs must be full time job positions held by individuals working in
BORROWER'S offices or facilities in Anna, Texas, and all of said sales and use tax must have been
generated by sales or use in Anna, Texas. BORROWER shall timely provide, at BORROWER'S expense,
detailed proof of the jobs created and sales and use tax paid to the City of Anna in form and substance
reasonably satisfactory to LENDER.
B. Demand by LENDER. This Agreement is a demand note under which BORROWER is required to repay in
full the entire outstanding Loan Balance within 15 days of receiving a written demand from LENDER for full
repayment of the Loan Balance. Delivery of written notice by LENDER to BORROWER via U.S. Postal
Service Certified Mail shall constitute prima facie evidence of delivery. For mailing of said notice, LENDER
shall use BORROWER'S address as stated below in the portion of this Agreement regarding default.
C. Method of Loan Payment. The BORROWER shall make all payments called for under this Agreement by
sending check or other negotiable instrument made payable to the following entity at the address indicated
here:
Anna Community Development Corporation
111 N. Powell Parkway
Anna, Texas 75409
LOAN AGREEMENT AND PROMISSORY NOTE Page 1 of 4
BORROW shall deliver all other notices required under this Agreement to LENDER at the above address. If
LENDER gives written notice to BORROWER that a different address shall be used for making payments or
providing notices under this Agreement, BORROWER shall use the new address so given by LENDER.
D. Restriction on dividend payments. Dividends may not be paid that would cause the BORROWER to be
unable to meet all of its financial obligations, including payments under this Agreement.
E. Limitations on compensation of officers and owners. The BORROWER'S owners and officers may be
compensated only to the extent that this compensation does not materially jeopardize the financial strength
of the BORROWER or cause the BORROWER to be unable to meet all of its financial obligations.
F. Prohibition against assuming liabilities or obligations of others. The BORROWER will not assume the
liabilities or obligations of others without prior written consent of the LENDER.
G. Restrictions concerning consolidations and mergers. The BORROWER will not undertake any
consolidations or mergers without prior written consent of the LENDER, unless any such consolidation or
merger is accomplished in accordance with the terms of a certain agreement entered into between the Anna
Economic Development Corporation and BORROWER and captioned Economic Development Incentive
Grant for Capital Investment Performance Agreement (hereinafter referenced as "EDC Performance
Agreement").
H. Limitations on selling the business. The BORROWER will not sell the business without the prior written
consent of the LENDER.
I. Default. The occurrence of any of the following events shall constitute a Default by the BORROWER of the
terms of this Agreement:
1. BORROWER'S failure to pay any amount due as principal or interest on the date required under this
Agreement;
2. BORROWER seeks an order of relief under the Federal Bankruptcy laws;
3. BORROWER becomes insolvent;
4. A federal tax lien is filed against the assets of the BORROWER; or,
5. A violation by BORROWER of any of the restrictions, prohibitions or requirements set forth in
paragraphs BA., above.
J. Additional Provisions Regarding Default:
1. Addressee and Address to which LENDER is to give BORROWER written notice of default:
SIMPLY FLOOR IT, Inc.
9981 Slater Creek Rd
Anna, Texas 75409
If BORROWER gives written notice to LENDER in accordance with this Agreement that a different
address shall be used, LENDER shall use that address for giving notice of default (or any other
notice called for herein) to BORROWER.
2. Cure of Default. Upon default, LENDER shall give BORROWER written notice of default. Mailing of
written notice by LENDER to BORROWER via U.S. Postal Service Certified Mail shall constitute
prima facie evidence of delivery. BORROWER shall have 15 days after receipt of a written notice of
default from LENDER to cure said default. In the case of default due solely to BORROWER'S failure
to make timely payment as called for in this Agreement, BORROWER may cure the default by
making full payment of any principal and accrued interest (including interest on these amounts)
LOAN AGREEMENT AND PROMISSORY NOTE Page 2 of 4
whose payment to LENDER is overdue under this Agreement and, also, the late payment fee
described below.
3. Fee for Late Payment. There shall also be imposed upon BORROWER a 2% fee for any late
payment computed upon the amount of any principal and accrued interest whose payment to
LENDER is overdue under this Agreement and for which LENDER has delivered a notice of default
to BORROWER. For example, if the Agreement calls for monthly payments of $500 upon the first
day of each month and BORROWER fails to make timely payment of said amount, BORROWER
(after a default notice is sent by LENDER) shall be liable to LENDER for a penalty of $10 (i.e., $500
x 2%) and, to cure the default, the BORROWER must pay to LENDER the overdue Loan Balance of
$500, interest upon the overdue Loan Balance, and a late fee of $10.
4. Acceleration. If the BORROWER fails to cure any default on or before the expiration of the fifteen
(15) day cure period that starts on the date BORROWER receives written notice from LENDER that
an event of default has occurred under this Agreement, the entire unpaid principal, accrued interest,
and late fees under this Agreement shall accelerate and become due and payable immediately.
K. Parties that are not individuals. If any Party to this Agreement is other than an individual (i.e., a
corporation, a Limited Liability Company, a Partnership, or a Trust), said Party, and the individual signing on
behalf of said Party, hereby represents and warrants that all steps and actions have been taken under the
entity's governing instruments to authorize the entry into this Agreement. Breach of any representation
contained in this paragraph is considered a material breach of this Agreement.
L. Integration. This Agreement, including the attachments mentioned in the body as incorporated by reference,
sets forth the entire agreement between Parties with regard to the subject matter hereof. All other prior
agreements, representations and warranties, express or implied, oral or written, with respect to the subject
hereof, are hereby superseded by this Agreement.
M. Severability. In the event any provision of this Agreement is deemed to be void, invalid, or unenforceable,
that provision shall be severed from the remainder of this Agreement so as not to cause the invalidity or
unenforceability of the remainder of this Agreement. All remaining provisions of this Agreement shall then
continue in full force and effect. If any provision shall be deemed invalid due to its scope or breadth, such
provision shall be deemed valid to the extent of the scope and breadth permitted by law.
N. Modification. Except as otherwise provided in this document, this Agreement may be modified, superseded,
or voided only upon the written and signed agreement of the Parties. Further, the physical destruction or loss
of this document shall not be construed as a modification or termination of the agreement contained herein.
O. Exclusive Jurisdiction for Suit in Case of Breach. The Parties, by entering into this Agreement, submit to
jurisdiction in Collin County, Texas for adjudication of any disputes and/or claims between the Parties under
this Agreement. Furthermore, the Parties hereby agree that the courts of Collin County, Texas shall have
exclusive jurisdiction and venue over any disputes between the Parties relative to this Agreement, whether
said disputes sounds in contract, tort, or other areas of the law.
P. State Law. This Agreement shall be interpreted under, and governed by, the laws of the State of Texas.
IN WITNESS WHEREOF and acknowledging acceptance and agreement of the foregoing, BORROWER and
LENDER affix their signatures hereto.
LOAN AGREEMENT AND PROMISSORY NOTE Page 3 of 4
BORROWER
SIMPLY FLOOR IT, LLC
By:
Andrea Means Henry
THE STATE OF TEXAS
COUNTY OF COLLIN
LENDER
Anna Community Development Corporation
IIn
ATTEST:
BEFORE ME, a Notary Public in and for the State of Texas, on this day personally appeared Andrea Means Henry
known to me to be the person and officer whose name is subscribed to the foregoing instrument and acknowledged to
me that she executed same for the purposes and consideration therein expressed and in the capacity therein stated.
GIVEN UNDER MY HAND AND SEAL OF OFFICE this the day of
Notary Public in and for The State of Texas
2016.
LOAN AGREEMENT AND PROMISSORY NOTE Page 4 of 4
EXHIBIT A
LOAN REPAYMENT SCHEDULE
PAYMENT DUE DATE
AMOUNT DUE
March 1, 2019
$1,527.77
April 1, 2019
$1,527.77
May 1, 2019
$1,527.77
June 1, 2019
$1,527.77
July 1, 2019
$1,527.77
August 1, 2019
$1,527.77
September 1, 2019
$1,527.77
October 1, 2019
$1,527.77
November 1, 2019
$1,527.77
December 1, 2019
$1,527.77
January 1, 2020
$1,527.77
February 1, 2020
$1,527.77
March 1, 2020
$1,527.77
April 1, 2020
$1,527.77
May 1, 2020
$1,527.77
June 1, 2020
$1,527.77
July 1, 2020
$1,527.77
August 1, 2020
$1,527.77
September 1, 2020
$1,527.77
October 1, 2020
$1,527.77
November 1, 2020
$1,527.77
December 1, 2020
$1,527.77
January 1, 2021
$1,527.77
February 1, 2021
$1,527.77
March 1, 2021
$1,527.77
April 1, 2021
$1,527.77
May 1, 2021
$1,527.77
June 1, 2021
$1,527.77
July 1, 2021
$1,527.77
August 1, 2021
$1,527.77
September 1, 2021
$1,527.77
October 1, 2021
$1,527.77
November 1, 2021
$1,527.77
December 1, 2021
$1,527.77
January 1, 2022
$1,527.77
February 1, 2022
$1,528.05
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 SIMPLY FLOOR IT
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 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 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 $50,000 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 $50,000.
WHEREAS, the CDC desires to authorize the expenditure of funds of up to $50,000
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 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.
CDC OF ANNA, TEXAS RESOLUTION NO. PAGE 1 OF 2
Section 2. Approval of Project and Authority to Expend Funds and Authority to
Execute a Line of Credit
The CDC approves the Project and authorizes the expenditure of funds of up to
$50,000 in accordance with a line of credit to Simply Floor It, LLC. for the expansion of
Recipient's business. The CDC authorizes the CDC President to execute the above -
referenced line of credit on the CDC's behalf. 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.
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 12016.
APPROVED:
John Houcek, CDC President
ATTEST:
Sherilyn Godfrey , CDC Secretary
CDC OF ANNA, TEXAS RESOLUTION NO. PAGE 2 OF 2
Exhibit A
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 $50,000 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 $50,000.
EXHIBIT A
r41.11=91=111401
Meeting: September 1, 2016
Staff Contact: Jessica Perkins
Item No. 9
Anna
Community Development
Corporation Agenda Staff Report
AGENDA SUBJECT: Updated on Natural Springs Park Project.
SUMMARY: Earlier this year the CDC approved a purchase for engineering services for
parks projects at Naturals Springs Park. The engineer has provided staff with the
following:
Phase 20
This is the phase we use to create the plans. We had billed $945 in the prior month and $2,835
this month for production. This equates to 40% of the plans being complete. This phase is under
the lump sum portion of the contract.
Phase R901
This is the phase we use for the field survey. We had previously billed $1,550 for field survey and
this month is $620. This phase is an hourly phase as needed only. At this time, I don't see any
more field survey time needed for this project.
STAFF RECOMMENDATION: n/a
DEVELOPMENT
CORPORATION
Meeting: September 1, 2016
Staff Contact: Jessica Perkins
Item No. q
Anna
Community Development
Corporation Agenda Staff Report
AGENDA SUBJECT: Consider/Discuss/Action regarding minutes from August 4, 2016.
SUMMARY: n/a
STAFF RECOMMENDATION: Staff recommends you approve.
MINUTES OF REGULAR MEETING OF THE
ANNA COMMUNITY DEVELOPMENT CORPORATION
Thursday, August 4, 2016
ue�n=� o•r ,r, i_rrr
::CRI'0;1iTiUtd
The Anna Community Development Corporation ("CDC") of the City of Anna met at 5:00
p.m.', on Thursday, August 4, 2016, at the Anna City Hall Administration Building, 111
North Powell Parkway (Hwy. 5), Anna, Texas.
Call to Order
John Houcek, President, called the meeting to order at 5:04 p.m., and after roll call and
the establishment of a quorum, the following items were presented to the Directors for
their consideration.
2. Roll Call and Establishment of Quorum.
Directors in attendance: John Houcek, Connie Stump, Michael Williams, and Doug
Hermann were present.
Directors in Abstention: Alonzo Tutson, Brent Thomas, and Nate Pike were absent.
A quorum was declared present and the floor was open for business.
Others in attendance: Clark McCoy, legal counsel for CDC; Jessica Perkins, Chief
Administrative Officer; Maurice Schwenke, City Planner, and Sherilyn Godfrey,
secretary.
Guests: Andre Ayala from First Southwest; Christine Lewis and husband regarding the
EDC's potential acquisition of property to be used as a business/industrial park; and
Debra K. Pope regarding her business and sharing space with Vision Image.
3. Invocation and Pledge.
John Houcek gave the invocation and led the group in the Pledge of Allegiance
4. Public Hearing. For the Board of Directors to hear comments regarding a project
and the expenditure of funds for acquiring land in the southern portion of the City,
[Type text)
'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 Community Development Corporation.
IMPORANT 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 person who want to attend the meeting and
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.
08-04-2016 Reg CDC Meeting — Page - 1
north of the Collin County Outer Loop, to be suitable for industrial or commercial
development, in order to sell or lease such land to new or expanding businesses,
in order to promote new or expanded business development within and the City.
John Houeek read the aforementioned statement into the record. The public hearing was
opened at 5:06 p.m. and closed at 5:26 p.m. During that time, Christine Lewis (8108
Red Fox Rd Anna, TX) addressed the Board with her and her husband's concerns
regarding the direction of the area's growth, that included truck traffic on Highway 5; the
intersection of SH -121 and SH -5; and plans for future residential development. Jessica
Perkins addressed the issues.
5. Presentation from First Southwest regarding funding options for proposed land
purchase.
Andre Ayala with First Southwest reviewed the financing options and necessary
procedure to move forward once a placement for the bond is secured.
6. Consider/Discuss/Action adopting a resolution approving a financial advisory
agreement with Fist Southwest, a division of Hilltop Services.
The City has a standing Agreement with First Southwest to serve as its financial advisor
which includes the Boards. However, the Boards have yet to approve a professional
services agreement with First Southwest solidifying a business relationship. After some
discussion, Connie Stump made a motion to adopt the resolution authorizing the
procurement of a professional financial consulting services agreement for financial
consulting services with First Southwest, a division of Hilltop Investments, and to
execute the said documents) on behalf of CDC, with the approval as to form and
content by CDC's legal counsel. The motion was seconded by Michael Williams. Motion
passed.
7. Consider/Discuss/Action adopting a resolution amending the current fiscal year
budget 2015-2016.
After an explanation by Jessica Perkins, Michael Williams made motion to adopt the
resolution to amend its approved budget, effective October 1, 2015, to add funds
necessary to the contract services and land line items. Doug Hermann seconded the
motion. Motion passed.
8. Consider/Discuss/Action adopting a resolution for the purchase of equipment for
the park department.
'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 Community Development Corporation.
IIvIPORANT 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 person who want to attend the meeting and
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.
07-07-2016 Reg CDC Meeting — Page - 2
A truck (3/4 ton), mower, blower, trailer, saw and generator need to be purchased to
replace worn out equipment used by the Parks Department. Doug Hermann made a
motion to adopt the resolution authorizing the expenditure of funds as outlined in Exhibit
"A," and to authorize the Chief Administrative Officer to charge the CDC's capital
expenditures line item, not to exceed $55,000. The motion was seconded by Connie
Stump. Motion passed.
9. Closed Session.
a. Discuss or deliberate the purchase, exchange, lease, or value of real property (Tex
Gov't Code §551.072).
b. Consult with legal counsel on matters in which the duty of the attorney to the
government 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); Simply Floor It.
Not Necessary.
10. Review of proposed fiscal year 2017 budget.
Staff presented the proposed fiscal year budget and answered questions. The budgeted
will be adopted in September.
11. Consider/Discuss/Action regarding adopting a resolution of the Board of Directors
of the Anna Community Development Corporation directing publication of notice
of projects and public hearing or fiscal year 2017.
It is standard procedure for CDC Type B corporations to publish notices in the
newspaper of intended projects for the upcoming fiscal year to promote better record
keeping and to inform the public about the activities of the CDC. Michael Williams made
a motion to adopt the resolution directing "Publication of Notice" to be published; and
subsequently, public hearings to be held for the Fiscal Year Budget 2016-2017 that will
'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 Community Development Corporation.
IMPORANT 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 person who want to attend the meeting and
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.
07-07-2016 Reg CDC Meeting — Page - 3
be financed and/or paid from the proceeds of sales tax revenue and other resources of
the Corporation. The motion was seconded by Connie Stump. Motion passed.
12. Consider/Discuss/Action regarding minutes from June 14, 2016, and July 7, 2016.
Doug Hermann made a motion to accept the minutes as corrected. The motion was
seconded by Michael Williams. Motion passed.
13. Adjourn.
Connie Stump made a motion to adjourn the meeting. John Houcek seconded the
motion and the meeting adjourned at 6:11 p.m.
APPROVED:
John Houcek
President of CDC
ATTESTED:
Sherilyn Godfrey
Secretary of CDC
'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 Community Development Corporation.
IMPORANT 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 person who want to attend the meeting and
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.
07-07-2016 Reg CDC Meeting — Page - 4