HomeMy WebLinkAboutRes 2016-08-214 CDC FY 2015-2016 Budget Amendment CITY OF ANNA, TEXAS
RESOLUTION NO., °-)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ANNA, TEXAS
APPROVING AN AMENDMENT TO THE ANNA COMMUNITY DEVELOPMENT
CORPORATION FY 2015-2016 BUDGET
WHEREAS, the Anna Community Development Corporation ("CDC") and the Anna
Economic Development Corporation ("EDC") have negotiated a contract to purchase an
85-acre tract of land generally located at the Northeast corner of SH 5 (Powell Parkway)
and the Collin County Outer Loop; and
WHEREAS, on July 7, 2015 the CDC voted to amend the FY 2015-2016 Budget to
authorize the expenditure of $375,000 as part of the down payment on the purchase of
the land;
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
ANNA, 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 Budget Amendment
The City Council of the City of Anna, Texas hereby approves an amendment to the
Anna Community Development Corporation FY 2015-2016 Budget attached hereto as
Exhibit A.
PASSED AND APPROVED by the City Council of the City of Anna this 9t" day of
August, 2016.
ATTEST: APPROVED:
r fk rf {s /�rJ
City Secretary Carrie L. Smith ,���,�`� .<••�••'• y�r Mike Crist
a°
X11►nii 1 00��l�
City Council of ANNA, TEXAS RESOLUTION PAGE 1 OF 2
1�