[{"_1":2,"_87":-5,"_88":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,75],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},"mediaId",6472662,"mediaKeyId","5776028-00d831ce5217084512f575d55a5f88d7","parentId",5776028,"title","Anna EDC/CDC approve refinancing, budget amendment and incentives in unanimous voice votes","audioSeconds",805,"startMs",352000,"endMs",1157000,"viewUrl","/Search/View?dp=1&key=5776028-00d831ce5217084512f575d55a5f88d7&start=352&end=1157","thumbnailUrl","https://assets.pipeline.soar.com/5776028-00d831ce5217084512f575d55a5f88d7/thumbnail_352000.jpg","articleUrl","/articles/6472662/Anna/Collin-County/Texas/Anna-EDCCDC-approve-refinancing-budget-amendment-and-incentives-in-unanimous-voice-votes","mediaUrl","https://secure.pipeline.soar.com/6472662-d26ec6264a0f53bd57c19640208d528a/orig.mp4?Expires=1771105531&Signature=NTT~JzMkQks5zRBTCptpyQoCLPdtwi6aF-6JjtOmiSsKXDX280Td4c4yCca2iITgG~vQsJfmLY6lzwp1oZz4xIMLUNYsoge57p7Hj1nyVmVICJghtebg31fGq~duIsg8NEDXo9gx5sMpcgw~o-~Y8NNVXwxI0mLDqOLTHc4IdmSClJ~i4sLzAIjNmmpVFrdSDynTnoWC5IbreJfJwmHJDNr7L3pgDpCaY9FhX~9BAYueM3P6hsFs4pIqpQwYgwiP~fH6w4YEUdTNjSgMcI5s19zg83yt6ILdpou1VIxMnR2UrApiUfw-zYtDgR7BuTiKPvO56j-Kh5krwwXejye1ew__&Key-Pair-Id=KUT5TJCACFTXG","author","Anna","date","2025-09-04T00:00:00Z","article","The Anna Community Development Corporation and Anna Economic Development Corporation joint board approved a series of resolutions and procedural items during its Sept. 4 meeting, including refinancing of 2023 property loans, a $500,000 principal payment on a taxable loan, a schedule change for November meetings and an incentive agreement with Fourth and Main Barber Company.

The board approved a tax-exempt loan resolution authorizing a loan not to exceed $1,442,381.90 to refinance debts tied to nine properties purchased in 2023. The board also approved a separate taxable loan resolution authorizing a taxable loan not to exceed $916,754.34 for the same refinancing package. Both loan resolutions were approved by voice vote.

The board then approved Resolution No. 2025-09-11, an amendment to the 2025 fiscal-year budget to reallocate funds and to authorize staff to make a $500,000 payment on the $916,754.34 taxable loan to reduce principal. The motion to authorize the $500,000 payment passed by voice vote; a second was recorded as “Mister Williams.”

Other procedural votes included approval of the Aug. 7 joint meeting minutes for both the CDC and the EDC, and a pair of scheduling motions: a recommendation to cancel the Nov. 6, 2025 joint meeting and a motion to hold the joint meeting instead on Nov. 13, 2025, at 6 p.m. Both scheduling items were approved by voice vote.

After a closed session, the board reconvened and approved a resolution authorizing an incentive agreement with Fourth and Main Barber Company. The motion passed by voice vote.

All recorded votes in open session were taken as voice votes; the transcript records the board responding “aye” to each motion and does not indicate any recorded “nay,” abstention or roll-call tallies.

Votes at a glance

- Approval of Aug. 7, 2025 joint CDC/EDC meeting minutes — Outcome: approved (voice vote).
- Resolution approving a tax-exempt loan not to exceed $1,442,381.90 (refinance of nine properties purchased in 2023) — Outcome: approved (voice vote).
- Resolution approving a taxable loan not to exceed $916,754.34 (taxable portion of the refinancing) — Outcome: approved (voice vote).
- Resolution No. 2025-09-11: FY2025 budget amendment to reallocate funds and authorize a $500,000 principal payment on the $916,754.34 taxable loan — Outcome: approved (voice vote). Note: the motion authorized staff to make the $500,000 payment to reduce principal.
- Recommendation to cancel Nov. 6, 2025 joint CDC/EDC meeting — Outcome: approved (voice vote).
- Motion to move the joint CDC/EDC meeting to Nov. 13, 2025 at 6 p.m. — Outcome: approved (voice vote).
- Resolution approving an incentive agreement with Fourth and Main Barber Company (action following closed session) — Outcome: approved (voice vote).

Why it matters

The refinancing and principal payment change the CDC’s and EDC’s debt structure for a group of downtown parcels purchased in 2023; the budget amendment authorizes an immediate $500,000 principal reduction on the taxable portion of the loan. The incentive agreement approved after closed session implements an economic development commitment to a local business (Fourth and Main Barber Company).

What the board said and who spoke

Staff described the refinancing as a follow-up to 2023 property acquisitions that used building structures as loan collateral. Staff identified a private partner, Government Capital, and noted Lamar Bank’s involvement in the original loan. Specific financing terms beyond the approved “not to exceed” amounts were not detailed in open session. The meeting transcript records motions, seconds and unanimous voice votes; it does not include individual roll-call vote tallies.

Notes and next steps

- Staff was authorized to make the $500,000 principal payment on the taxable loan; the motion directed staff to implement the payment.
- The Nov. 6 meeting will be canceled and the joint meeting will occur Nov. 13, 2025, at 6 p.m.
- The incentive agreement with Fourth and Main Barber Company was approved after closed session; the transcript does not include the incentive’s dollar value or performance conditions in open session.

(1) All vote results and motion texts are taken from the Sept. 4, 2025 joint CDC/EDC meeting transcript; where the transcript did not provide a named mover or a roll-call tally, the article reports the voice-vote outcome as recorded in the transcript.","mediaType","Video","parentTitle","Anna - CDC/EDC Joint Meeting","oneSentenceSummary","The Anna Community Development Corporation and Anna Economic Development Corporation joint board approved refinancing resolutions, a budget amendment to pay down a taxable loan and an incentive agreement with Fourth and Main Barber Company during its Sept. 4 meeting.","taxTitle","Anna, Collin County, Texas","taxId",61204,"location","headline","","shortSummary",{"_33":76,"_35":36,"_37":38,"_39":77,"_41":78,"_43":79,"_45":80,"_47":81,"_49":82,"_51":83,"_53":84,"_55":56,"_57":58,"_59":85,"_61":62,"_63":64,"_65":86,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6472658,"Anna EDC/CDC staff outline strategic plan update, Kroger groundbreaking, demolition and hiring-event successes",481,544000,1025000,"/Search/View?dp=1&key=5776028-00d831ce5217084512f575d55a5f88d7&start=544&end=1025","https://assets.pipeline.soar.com/5776028-00d831ce5217084512f575d55a5f88d7/thumbnail_544000.jpg","/articles/6472658/Anna/Collin-County/Texas/Anna-EDCCDC-staff-outline-strategic-plan-update-Kroger-groundbreaking-demolition-and-hiring-event-successes","https://secure.pipeline.soar.com/6472658-a8612585b4e725f5b03b70c5599df299/orig.mp4?Expires=1771105531&Signature=oxBbbenQDzf1VpgTce2Fq8UdFpNd9oyumnQ7JHFdoa8dmLjx~S2BzfwEo-DgvE9xwyEPTKSq4BRilD9xl6ex~FrmfC4nT8~p5v3ivWHviU7XW2i7FQXxBvX3qjdgqKPChi5UArH9A1xLoNNj1F2qoiuH-Zc9VdJ03IMtgrIWGcTVDiN42mZYx53ySDug4grUycbmkMmwNRqF0jHCrvlS9WRfftbPGg3Ic5X5oAW26byjpUnc9A8L8xAlUXfto7DIDkufjdCqCuG7m0xPsGua-wpuIxrzEjFyWEHFXCJgm1pQ9qpRRYa~hh-QDTHZ72G3-tHpXfKLgtZPjKH7wAp3Sw__&Key-Pair-Id=KUT5TJCACFTXG","EDC and CDC staff told the Anna joint board on Sept. 4 that an updated strategic plan centered on commercial development will be presented at the next meeting, and staff highlighted several upcoming events and recent activities, including a Kroger groundbreaking set for Sept. 26 and demolition work on vacant properties scheduled to start the week of Sept. 15.

A staff presenter said the last joint strategic plan the board adopted was in 2020 and that the updated draft will be brought to the board at the next meeting. The updated plan will emphasize commercial development, collaborations with Collin College and outreach to medical and hospital systems; staff also mentioned a reference to a “Dallas Stars project.”

Staff announced that Kroger will hold an official groundbreaking at 1 p.m. Friday, Sept. 26. The recorded location in the meeting material is the southeast corner of Rosamond and Highway 75; staff asked board members who can attend to RSVP through a link included in the calendar invite.

On demolition, staff said that the week of Sept. 15 is the planned start for demolition of vacant homes on CDC-owned properties to the south of the municipal complex. The speaker said the work follows the board’s prior approval and described the activity as a demolition process to clear lots for future development.

Staff also outlined recent outreach and business‑support activity. The EDC reported 13 real-estate and developer meetings, 10 business-retention-and-expansion contacts and 12 predevelopment meetings in the reported period. Social-media audience metrics noted in the director’s report included an addition of 24 LinkedIn followers, 11 Instagram followers and 234 new Facebook friends; staff reported six new newsletter subscribers.

On sales tax, staff said the CDC portion for June was $867,004.35 and that the fiscal-year-to-date trend is tracking toward approximately $4,000,000 for the year, compared with $3,200,000 last year. Staff noted an anomalous March spike tied to a late payment bringing a taxpayer current, which produced a one-time jump in reported receipts.

Staff described the Holt Cat hiring event (held at the municipal complex while the company’s local facility remains under construction) as “the most successful event they’ve ever had,” reporting roughly 180–200 attendees and strong coordination with Texas Workforce.

Other outreach items listed in the director’s report included attendance at the Farmers Bank and Trust ribbon-cutting, participation in Greater Anna Chamber of Commerce events, and staff involvement in a CUTX community roundtable luncheon and the BRE Alliance with neighboring cities.

Staff said a draft of the updated strategic plan will be provided at the next EDC/CDC board meeting for review and that additional details on some items (including specific developer projects) will be incorporated into that draft.

No formal board action was taken on the director’s report items during the meeting.","EDC and CDC staff said an updated strategic plan focused on commercial development will be presented next month and announced a Kroger groundbreaking Sept. 26, demolition of CDC-owned vacant homes beginning the week of Sept. 15, and a successful Holt Cat hiring event.","actionData","errors"]

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Anna EDC/CDC approve refinancing, budget amendment and incentives in unanimous voice votes

Anna EDC/CDC staff outline strategic plan update, Kroger groundbreaking, demolition and hiring-event successes