HomeMy WebLinkAboutRes 2017-02-280 EDC Real Estate Services - FunderburghCITY OF ANNA, TEXAS
RESOLUTION NO E ', f 2 (,; -- .1 el'
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ANNA APPROVING AND
AUTHORIZING THE EXPENDITURE OF FUNDS BY THE ANNA COMMUNITY
DEVELOPMENT CORPORATION AND THE ANNA ECONOMIC DEVELOPMENT
CORPORATION RELATED TO A PROFESSIONAL SERVICES AGREEMENT FOR
PROJECT MANAGEMENT AND REAL ESTATE REPRESENTATION WITH
FUNDERBURGH REAL ESTATE INVENTSTMENTS
WHEREAS, the Anna Community Development Corporation (the "CDC") and the Anna
Economic Development Corporation (the "EDC") were created by the City of Anna,
Texas (the "City"), in accordance with Article 5190.6, V.A.T.C.S., Section 4A and 4B,
and now operate under Texas Local Government Code, Title 12, Subchapter C-1 (the
"Act'); and
WHEREAS, the CDC and the EDC have purchased a certain tract of real property and
desire to procure the professional consulting services of Funderburgh Real Estate
Investments, Inc.; and
WHEREAS, the corporations and the City Council of the City of Anna, Texas (the "City
Council") have determined that the above -referenced services, further described in
Exhibit A, are in the best interests of the CDC and EDC, and will promote community
development and expanded business enterprise in the City of Anna;
NOW THEREFORE, BE IT RESOLVED BY THE CITY OF ANNA CITY COUNCIL,
THAT:
Section 1. Recitals Incorporated
The recitals set forth above are incorporated herein for all purposes as if set forth in full.
Section 2. Authorization of Project
The City Council hereby authorizes the expenditure and approves of the authorized
representative(s) of the CDC and EDC to enter into a Professional Services Agreement
for Project Management and Real Estate Representation Services (the "Agreement')
attached hereto as EXHIBIT A. The City Council further approves of the authorized
representative(s) of the CDC and EDC to execute any associated documents necessary
to procure said services.
CITY COUNCIL OF ANNA, TEXAS RESOLUTION NO = - y r} PAGE 1 OF 2
PASSED AND APPROVED by the City Council of the City of Anna, Texas, on this
the14th day of February 2017.
IL :MS
Carrie I SmithCity Secretary Mayor, Mike Crist
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CITY COUNCIL OF ANNA, TEXAS RESOLUTION NO. PAGE 2 OF 2