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HomeMy WebLinkAbout02/04/2025-4A-Agenda Packet-Regular4A INDUSTRIAL DEVELOPMENT BOARD MEETING AGENDA FEBRUARY 04, 2025, 6:00 PM 4A INDUSTRIAL DEVELOPMENT BOARD REGULAR MEETING DEVELOPMENT SERVICES BUILDING - 201 BOLIVAR STREET, SANGER, TEXAS 76266 CALL THE REGULAR MEETING TO ORDER AND ESTABLISH A QUORUM INVOCATION AND PLEDGE CITIZENS COMMENTS This is an opportunity for citizens to address the Board on any matter. Comments related to public hearings will be heard when the specific hearing begins. Citizens are allowed 3 minutes to speak. Each speaker must complete the Speaker’s Form and include the topic(s) to be presented. Citizens who wish to address the Board with regard to matters on the agenda will be received at the time the item is considered. The Board is not allowed to converse, deliberate or take action on any matter presented during citizen input. CONSENT AGENDA All items on the Consent Agenda will be acted upon by one vote without being discussed separately unless requested by a Board member to remove the item(s) for additional discussion. Any items removed from the Consent Agenda will be taken up for individual consideration. 1. Consideration and possible action on 4A minutes from 12-3-2024 DISCUSSION ITEMS 2. Sanger Workforce Achievement Grant Update REPORTS Staff Reports are for discussion only. No action may be taken on items listed under this portion of the agenda. 3. Financial Reports 4. Director’s Report FUTURE AGENDA ITEMS The purpose of this item is to allow the President and Board members to bring forward items they wish to discuss at a future meeting, A Board member may inquire about a subject for 1 which notice has not been given. A statement of specific factual information or the recitation of existing policy may be given. Any deliberation shall be limited to a proposal to place the subject on an agenda for a subsequent meeting. Items may be placed on a future meeting agenda with a consensus of the Board or at the call of the President. ADJOURN NOTE: The Board reserves the right to adjourn into Executive Session as authorized by Texas Government Code, Section 551.001, et seq. (The Texas Open Meetings Act) on any item on its open meeting agenda in accordance with the Texas Open Meetings Act, including, without limitation Sections 551.071-551.087 of the Texas Open Meetings Act. CERTIFICATION I certify that a copy of this meeting notice was posted on the bulletin board at City Hall that is readily accessible to the general public at all times and was posted on the City of Sanger website on January 29, 2025, at 4:00 PM. Shelley Warner, Secretary The Historical Church is wheelchair accessible. Request for additional accommodations or sign interpretation or other special assistance for disabled attendees must be requested 48 hours prior to the meeting by contacting the City Secretary’s Office at 940.458.7930. 2 4A INDUSTRIAL DEVELOPMENT BOARD COMMUNICATION DATE: February 04, 2025 FROM: Shani Bradshaw, Director of Economic Development AGENDA ITEM: Consideration and possible action on 4A minutes from 12-3-2024 SUMMARY: Consideration and possible action on 4A minutes from 12-3-2024. FISCAL INFORMATION: Budgeted: NA Amount: NA GL Account: NA RECOMMENDED MOTION OR ACTION: Staff recommends approval. ATTACHMENTS: 4A minutes from 12-03-2024. 3 Item 1. 4A Minutes 12-03-24 Page 1 of 3 4A INDUSTRIAL DEVELOPMENT BOARD MEETING MINUTES DECEMBER 3, 2024, 6:00 PM 4A INDUSTRIAL DEVELOPMENT DEVELOPMENT SERVICES BUILDING - 201 BOLIVAR STREET, SANGER, TEXAS 76266 CALL THE REGULAR MEETING TO ORDER AND ESTABLISH A QUORUM As there was a quorum Board Member McAlister called the meeting to order at 6:00 P.M. BOARD MEMBERS PRESENT Board Member, Place 2 Sue Allison Board Member, Place 3 Shannon Gann Board Member, Place 4 Nancy McAlister Board Member, Place 5 Drew Hall BOARD MEMBERS ABSENT Board Member, Place 1 Chris Kundrock STAFF MEMBERS PRESENT Director of Economic Development Shani Bradshaw, and Secretary Shelley Warner. INVOCATION AND PLEDGE Board Member McAlister led the Pledge of Allegiance. CITIZENS COMMENTS No citizens came forward to speak. DISCUSSION ITEMS 1. S.W.A.G. Update Director Bradshaw presented the item and expressed the need to identify program groups. 4 Item 1. 4A Minutes 12-03-24 Page 2 of 3 Board Member Allison and Board Member Gann asked questions. Director Bradshaw responded to questions. CONSENT AGENDA 2. Consideration and possible action on 4A minutes from 10-08-2024. Director Bradshaw presented the item. Motion to approve the 4A minutes from 10-08-2024 was made by Board Member Gann, Seconded by Board Member Hall. Voting Yea: Board Member McAlister and Board Member Allison. The motion passed unanimously. ACTION ITEMS 3. Consideration and possible action on authorizing the Director of Economic Development to execute a professional services agreement provided by EDP Best Practices. Director Bradshaw presented the item. Motion to authorize the Director of Economic Development to execute a professional service agreement with EDP Best Practices was made by Board Member Allison, Seconded by Board Member Gann. Voting Yea: Board Member McAlister and Board Member Hall. The motion passed unanimously. 4. Consideration and possible action on electing officers for the Sanger Industrial Development Corporation. Director Bradshaw presented the item. Board Member Allison nominated Nancy McAlister for President, seconded by Board Member Gann. Voting Yea: Board Member McAlister and Board Member Hall. The motion passed unanimously. Board Member McAlister nominated Sue Allison for Vice President, seconded by Board Member Gann. Voting Yea: Board Member Allison and Board Member Hall. The motion passed unanimously. 5 Item 1. 4A Minutes 12-03-24 Page 3 of 3 EXECUTIVE SESSION Pursuant to the Open Meetings Act, Chapter 551, the Sanger Industrial Development Corporation Board Will Meet in a Closed Executive Session in Accordance with the Texas Government Code: Sec. 551.087. DELIBERATION REGARDING ECONOMIC DEVELOPMENT NEGOTIATIONS; This chapter does not require a governmental body to conduct an open meeting: (1) to discuss or deliberate regarding commercial or financial information that the governmental body has received from a business prospect that the governmental body seeks to have locate, stay, or expand in or near the territory of the governmental body and with which the governmental body is conducting economic development negotiations; or (2) to deliberate the offer of a financial or other incentive to a business prospect described by Subdivision (1). Project Ellie Board convened into executive session at 6:37 p.m. RECONVENE INTO REGULAR SESSION Board reconvened into open session at 6:56 p.m. No action taken. FUTURE AGENDA ITEMS No items were discussed. ADJOURN As there were no further items on the agenda Board Member McAlister adjourned the meeting at 7:03 p.m. 6 Item 1. 4A INDUSTRIAL DEVELOPMENT BOARD COMMUNICATION DATE: October 8, 2024. FROM: Shani Bradshaw, Director of Economic Development AGENDA ITEM: Sanger Workforce Achievement Grant Update SUMMARY: Staff will provide an update on the Sanger Workforce Achievement Grant (S.W.A.G). FISCAL INFORMATION: Budgeted: NA Amount: NA GL Account: NA RECOMMENDED MOTION OR ACTION: NA ATTACHMENTS: 7 Item 2. 4A INDUSTRIAL DEVELOPMENT BOARD COMMUNICATION DATE: February 04, 2025 FROM: Shani Bradshaw, Director of Economic Development AGENDA ITEM: Financial Reports SUMMARY: Financial Report for the period ending December 31, 2024. Sales Tax collections for December 31, 2024. FISCAL INFORMATION: Budgeted: NA Amount: NA GL Account: NA RECOMMENDED MOTION OR ACTION: NA ATTACHMENTS: Monthly Financial Report – December 31, 2024 Sales Tax Report – December 31, 2024 8 Item 3. Percent Budget Actual of Budget Revenue Sales Tax 962,500.00$ 215,333.19$ 22% Interest Income 95,000.00$ 33,215.61$ 35% Grants Total Revenue 1,057,500.00$ 248,548.80$ 24% Expenditures Salaries & Benefits 119,642.00$ 19,855.33$ 17% Supplies & Materials 62,205.00$ 12,633.81$ 20% Maintenance & Operations 900.00$ 241.34$ 27% Contract Services 129,000.00$ 0% Capital Outlay Grant Expenses 250,000.00$ 0% Debt Service Transfers 15,000.00$ 0% Total Expenditures 576,747.00$ 32,730.48$ 6% Revenues Over Expenditures 480,753.00$ 215,818.32$ Cash in Bank - First United 3,458,671.69$ Cash in Bank - Prosperity 333,151.53$ Money Market 2,081,108.65$ Certificate of Deposit 100,452.97$ Total Cash 5,973,384.84$ December 31, 2024 Fund Type A Sanger Texas Industrial Development Corporation 9 Item 3. Month 2019-2020 Total 2020-2021 Total 2021-2022 Total 2022-2023 Total 2023-2024 Total 2024-2025 Total OCT 41,961 41,961 52,602 52,602 50,303 55,222 65,621 65,621 84,045 84,045 67,307 67,307 NOV 42,075 84,036 50,054 102,656 55,222 105,525 61,751 127,372 72,499 156,544 76,909 144,216 DEC 44,092 128,128 52,405 155,061 48,145 153,670 72,220 199,591 62,317 218,861 71,117 215,333 JAN 27,585 155,713 44,941 200,002 56,155 209,825 61,974 261,565 78,147 297,009 FEB 70,059 225,772 62,144 262,146 76,753 286,579 71,749 333,314 69,257 366,266 MAR 40,966 266,738 49,700 311,846 57,471 344,049 52,565 385,879 61,032 427,298 APR 35,736 302,474 48,180 360,026 44,446 388,495 54,627 440,506 45,186 472,483 MAY 41,692 344,166 63,691 423,717 64,395 452,890 67,275 507,780 67,969 540,452 JUN 50,482 394,647 47,099 470,816 65,968 518,858 60,186 567,966 73,838 614,290 JUL 49,189 443,836 50,290 521,106 56,987 575,845 61,729 629,695 68,028 682,319 AUG 47,386 491,222 62,523 583,629 68,209 644,054 62,807 692,502 72,940 755,259 SEP 42,073 533,295 52,474 636,104 51,911 695,965 63,730 756,232 70,492 825,750 ` TOTAL 533,295 533,295 636,104 636,104 695,965 695,965 756,232 756,232 825,750 825,750 215,333 BUDGET 385,000 148,295 462,500 173,604 600,000 95,965 800,000 (43,768)875,000 (49,250)875,000 (875,000) Actual Actual %Actual Actual % 2024 2023 Change 2024 2023 Change 71,117 $ 62,317 14%$ 215,333 $ 218,861 -2% Year ToDateSalesTaxCollection Economic Development Sales Tax Report - December 2024 December 533,295 636,104 695,965 756,232 825,750 215,333 0 100,000 200,000 300,000 400,000 500,000 600,000 700,000 800,000 900,000 2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 SALES TAX REVENUE 2019-2024 10 Item 3. 4A INDUSTRIAL DEVELOPMENT BOARD COMMUNICATION DATE: February 4, 2025 FROM: Shani Bradshaw, Director of Economic Development AGENDA ITEM: Director’s Report SUMMARY: Business Growth ICSC@RedRiver Board Update Important Dates and Events FISCAL INFORMATION: Budgeted: NA Amount: NA GL Account: NA RECOMMENDED MOTION OR ACTION: NA ATTACHMENTS: 11 Item 4.