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EDC approves up to $294,147 to fund turn lanes for proposed Kroger site
Summary
The Anna Economic Development Corporation approved an incentive agreement not to exceed $294,147.15 to pay for turn-lane improvements needed for a proposed Kroger development; the expense will be budgeted from next year’s incentives and reimbursed after TxDOT and city acceptance. The board also approved administrative signatory resolutions and elected officers for 2026.
The Anna Economic Development Corporation on Jan. 8 approved an economic incentive agreement to cover turn-lane improvements at the proposed Kroger site, authorizing payment of up to $294,147.15.
Natasha Roach, director of economic development, told the board the turn lanes were not included in the project’s original engineering scope and that the EDC agreed to cover the work so the Kroger project could proceed. “You’ll see in your packet that it is not to exceed $294,147.15,” Roach said, noting the figure reflects actual costs and came in lower than earlier estimates. Roach said the expense will be budgeted out of next year’s incentives and that TxDOT and the city must accept the improvements before receipts can be submitted for reimbursement.
The motion to approve…
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