HomeMy WebLinkAbout2008-02-08 CDC Meeting Minutes Special Meeting02-08-08 CDC Special Minutes.doc 1 02-08-08
MINUTES OF
ANNA COMMUNITY DEVELOPMENT CORPORATION
SPECIAL MEETING
February 8, 2008 5:00 PM
The Community Development Corporation of the City of Anna met at 5:00 p.m.,
Friday, February 8, 2008, at the Anna City Hall Administration Building, 111 N.
Powell Parkway (Hwy 5) Anna, Texas to consider the following items:
1. Call to Order.
President David Crim called the meeting to order at 5:15 pm.
2. Roll Call and Establishment of Quorum.
David Crim, J W Finley, Joe Murphy, Jon Hendricks and Jessica Perkins
were present. Duane Hayes and Joel Foltz were absent.
3. Citizen Comments
None
4. Consider/Discuss/Action regarding approving a Resolution
Authorizing and Approving a Loan from the Office of the Governor
Economic Development and Tourism Division, Authorizing the
Execution and Delivery of the Loan Agreement and Related
Documents, Authorizing the Pledge of Sales and Use Tax Receipts,
and Other Matters in Connection Therewith. (Texas Leverage Fund
Program)
City Manager, City Manager stated he had received construction bid for
Phase 1. It will take $1,557,000.00 to construct Phase 1 of Slayter Creek
Park. The City has current funds of 1.2 million for Phase 1. Roughly
$338,000.00 is needed to complete the funding. If staff does not want to
deplete funds to work on other park projects they may suggest taking out
a higher loan amount. Mr. Sanders went over the Texas Leverage Fund
Loan Application and explained the different loan amounts that that CDC
would qualify for. Mr. Sanders answered questions from members. Jon
Hendricks made the motion to approve borrowing $629,299.03 for 10
years, the max allowed, with $175,000 allocated for the restrooms. Any
amount left over from the restrooms goes back into the park fund for use
on other park projects. Joe Murphy seconded the motion. Motion passes.
02-08-08 CDC Special Minutes.doc 2 02-08-08
5. Adjourn.
Joe Murphy made the motion to adjourn at 5:30 pm. J W Finley seconded the
motion. Motion passes.
ATTEST: APPROVED:
____________________________ ____________________________
Natha Wilkison, City Secretary David Crim, President