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Accomplishments of the Llano Economic Development Corporation

The Llano Economic Development Corporation (LEDC) was incorporated in 1994 as a “4A” Economic Development Corporation for the City of Llano, Texas.  The Corporation is governed by a citizen board following the true intent of the Texas Legislature as expressed in the Development Corporation Act of 1979.  This Act allows municipalities to create non-profit corporations (called Development Corporations) and levy up to ½% sales tax in order to promote local business development.  The Development Corporations operate separately from the municipalities, with Boards of Directors that over see their efforts. ”  The first meeting of the LEDC Board was held on October 4, 1994, with a beginning bank account of $17,000.00.

The first project approved by the LEDC was improvements to the airport (pavement and hangars).  The project was funded at almost $140,000.00.  At the same time they also approved an expansion of the golf course from nine to eighteen holes.  At the beginning of 1995, the first LEDC budget was approved.  Shortly afterward it was recognized that a “4A” Corporation could not fund the development of the golf course.  In May 1995, the citizens of Llano voted to change from a “4A” Corporation to a “4B” Corporation, thus giving the board a wider latitude of economic development projects that it could fund.  In July of 1995, the LEDC was reconstituted as a “4B” Corporation. For a complete list of accomplishments for each year since 1994, see
LEDC Milestones

 

2013

$   218,364     Bond Issues for Community Facilities Project (Llano Events Center)
$      12,375     Community Facilities Project (Llano Events Center)
$      37,510     Financial Support – Bethany and ZeeCon
$       4,000     Continued Maintenance to LanTex Theater
$       4,000     Main Street Façade and Restoration Grants – Including Trash Recepticals,Park Bench, Hand Rails
$       3,000     Advertising in Various Publications/Website Promoting Llano and Tourism in Llano
$       2,000     Main Street Beautification – Maintenance of Planters
$           741      Financial Support of Main Street Managers’ Winter Training Conference
$          500      Financial Support of Western Trappings Art Show

 

2012

$2,061,297     Completion of the Community Facilities Project
$     37,500     Financial Support – Bethany and ZeeCon
$       8,000     Main Street Façade and Restoration Grants
$       8,000     New Neon for Signs, Popcorn Machine, Improved House Lighting and Continued Maintenance
                          to LanTex Theater
$       6,500     Business Retention and Development
$       4,000     Advertising in Various Publications Promoting Llano and Tourism in Llano
$       2,500     Christmas Lighting Fund – Starry Starry Nights
$       2,500     H.O.T. Fund – Special Event Support
$       2,000     Main Street Beautification

 

2011

$   210,000    Community Facilities Project

$    93,308     Financial Support - Bethany and ZeeCon
$    35,000     GIS Interactive Mapping Project
$    22,000     Fuel Farm at Airport
$    14,000     Main Street Facade and Restoration Grants
$    15,000     Renovation and Continued Maintenance to LanTex Theater
$     11,500     Business Retention and Development
$    10,000     Advertising in Various Publications Promoting Llano and Tourism in Llano
$      8,000     Main Street Beautification
$      5,000     Main Street Capital Fund Sidewalk Grant - South Side
$      5,000     Special Event Support
$      5,000     Christmas Lighting Fund - Starry Starry Nights
$       1,300     Hoover Business Research

 

2010

$     44,430     Planning, Research & Development of MPEC
$    20,000     Renovations and Continued Maintenance to LanTex Theater
$     14,810     Advertising in Various Publications Promoting Llano and Tourism in Llano
$    10,000     Upgrades to Little League Fields
$    10,000     Main Street Façade Grants
$       7,500     Repair and/or Replacement of Christmas Lights
$       6,135      Electrical Upgrades to Badu Park
$      3,865      Storage Building for Christmas Lighting Projects at Badu Park
$      7,052      Main Street Beautification
$      7,432      Main Street Capital Fund Sidewalk Grant – South Side
$      1,300      Business Retention & Development

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