Anna's Community Development Corporation will decide Thursday whether to offer performance-based incentives to the developer of a restaurant planned at 606 N. Powell Parkway.
The proposal, Resolution No. 2026-11-17 on the board's Nov. 5 agenda, would approve an economic development agreement among the corporation, the City of Anna and SAAS US Partners, LLC, whose planned commercial project there would include Tia's Restaurant.
What the money covers
The corporation's share is capped at $24,300, according to the staff report and draft resolution:
- up to $12,000 in initial sales tax grants
- up to $7,500 toward a grease trap
- up to $4,800 in extension sales tax grants, which would need a separate approval
Those sales tax payments cannot exceed a quarter of what the corporation itself receives in sales tax, and staff describe the totals as maximums rather than guaranteed payments. No payment can be made before the restaurant's opening date, and the agreement includes performance requirements and repayment obligations meant to protect the public money, the report says.
The City of Anna has its own, separate commitment of $25,000 for utility reimbursement and water connection costs. Staff note that obligation belongs to the city alone and does not count against the corporation's cap.
Board approval would not be the final word. The draft resolution says spending the corporation's money still needs the City Council's sign-off, along with the multiple readings, hearing, notice and petition window that state law sets for this type of corporation. The agreement's exhibits must also be completed before anyone signs.
