HomeMy WebLinkAbout08/27/2024-4B-Agenda Packet-Regular4B DEVELOPMENT CORPORATION
MEETING AGENDA
AUGUST 27, 2024, 6:00 PM
4B DEVELOPMENT CORPORATION 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 Corporation 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 Corporation with regard to matters on the
agenda will be received at the time the item is considered. The Corporation 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 4B minutes from 07/23/2024.
ACTION ITEMS
2. Consideration and possible action on electing officers for the Sanger Development
Corporation.
3. Consideration and possible action on Resolution EDC-2024-15 approving an Agreement
with Brown & Hofmeister, LLP for legal services and authorizing the Board President to
execute the Agreement.
REPORTS
4. Financial Reports.
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
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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 Corporation or at the call of the President.
ADJOURN
NOTE: The Corporation 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 August 21, 2024, at 4:00 PM.
s/ Shelley Warner
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.
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4B DEVELOPMENT CORPORATION
COMMUNICATION
DATE: August 27, 2024
FROM: Shani Bradshaw, Director of Economic Development
AGENDA ITEM: Consideration and possible action on 4B minutes from 07/23/2024.
SUMMARY:
4B Board Minutes from 07/23/2024.
FISCAL INFORMATION:
Budgeted: NA Amount: NA GL Account: NA
RECOMMENDED MOTION OR ACTION:
Staff recommends approval.
ATTACHMENTS:
4B Minutes from 07/23/2024.
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Item 1.
4B Minutes 07-23-2024
Page 1 of 3
4B DEVELOPMENT CORPORATION
MEETING MINUTES
JULY 23, 2024, 6:00 PM
4B DEVELOPMENT CORPORATION REGULAR MEETING
DEVELOPMENT SERVICES BUILDING - 201 BOLIVAR STREET, SANGER, TEXAS 76266
CALL THE REGULAR MEETING TO ORDER AND ESTABLISH A QUORUM
As there was a quorum John Payne called the meeting to order at 6:03 p.m.
BOARD MEMBERS PRESENT
Board Member, Place 2 John Payne
Board Member, Place 4 Beverly Howard
Board Member, Place 6 Eddie Piercy
Board Member, Place 7 Carrie Bilyeu
BOARD MEMBERS ABSENT
Board Member, Place 3 Matt Fuller
Board Member, Place 5 Jeff Springer
Board Member, Place 1 Vacant
STAFF MEMBERS PRESENT
Director of Economic Development Shani Bradshaw, Secretary Shelley Warner
INVOCATION AND PLEDGE
Invocation and pledge were led by Board Member Payne.
CITIZENS COMMENTS
No citizens came forward to speak.
CONSENT AGENDA
1. Consideration and possible action on 4B minutes from 06/18/2024.
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Item 1.
4B Minutes 07-23-2024
Page 2 of 3
Motion to approve the consent agenda as shown was made by Board Member Piercy.
Seconded by Board Member Bilyeu. Voting Yea: Board Member Howard, and Board
Member Payne. The motion passes unanimously.
ACTION ITEMS
2. Consideration and possible action on Property Enhancement Incentive application for
315 N. 5th Street.
Director Bradshaw presented the item.
Motion to approve the Property Enhancement Incentive application for 315 N. 5th
Street in the amount of $6,960.00 was made by Board Member Payne. Seconded by
Board Member Bilyeu. Voting Yea: Board Member Piercy and Board Member Howard.
The motion passes unanimously.
REPORTS
3. Financial Reports.
Director Bradshaw goes over the financial report.
EXECUTIVE SESSION
Pursuant to the Open Meetings Act, Chapter 551, the 4B Sanger Texas Development
Corporation 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).
Grocery Store
Board Member Payne convened the meeting into Executive Session at 6:09 p.m.
RECONVENE INTO REGULAR SESSION
Reconvene into Regular Session and take any action deemed necessary as a result of Executive
Session.
Board Member Payne reconvened the meeting at 6:39 p.m.
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Item 1.
4B Minutes 07-23-2024
Page 3 of 3
Board member Payne made a motion to authorize the Director of Economic
Development to negotiate and execute an Incentive Agreement on behalf of the Sanger
Texas Development Corporation with a Grocery Store seeking to locate within the City of
Sanger. Board Member Piercy seconded the motion. Voting Yea: Board Member
Howard, and Board Member Bilyeu. The motion passes unanimously.
FUTURE AGENDA ITEMS
No future items were discussed.
ADJOURN
As there were no further items on the agenda Board Member John Payne adjourned
the meeting at 6:45 p.m.
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Item 1.
4B DEVELOPMENT CORPORATION
COMMUNICATION
DATE: August 27, 2024
FROM: Shani Bradshaw, Director of Economic Development
AGENDA ITEM: Consideration and possible action on electing officers for the Sanger Texas
Development Corporation.
SUMMARY:
President and Vice President of the Corporation are elected by the board
Terms are one (1) year
No limitations on the number of consecutive years a person may serve in the same office
FISCAL INFORMATION:
Budgeted: NO Amount: $0.00 GL Account: XXX.XX.XXXX
RECOMMENDED MOTION OR ACTION:
Appoint a President and Vice President.
ATTACHMENTS:
NA
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Item 2.
4B DEVELOPMENT CORPORATION
COMMUNICATION
DATE: August 27, 2024
FROM: Shani Bradshaw, Director of Economic Development
AGENDA ITEM: Consideration and possible action on Resolution EDC-2024-15 approving an
Agreement with Brown & Hofmeister, LLP for legal services and authorizing the
Board President to execute the Agreement.
SUMMARY:
Serve as the legal advisor to the Sanger Texas Development Corporation Board of Directors and
staff
Represents the STDC in litigation and legal proceedings
Review and provide opinions as requested by the STDC Board President, Board of Directors, and
staff on contacts, resolutions, memorandums, and other documents for legal correctness.
RECOMMENDED MOTION OR ACTION:
Motion on behalf of the Sanger Texas Development Corporation to adopt Resolution EDC-2024-15
approving an Agreement with Brown & Hofmeister, LLP for legal services and authorizing the Board
President to execute the Agreement.
ATTACHMENTS:
Legal Agreement
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Item 3.
SANGER TEXAS DEVELOPMENT CORPORATION-RESOLUTION NUMBER XXX-2024 Page 1 of 1
RESOLUTION NO. EDC-2024-15
A RESOLUTION OF THE SANGER TEXAS DEVELOPMENT CORPORATION (STDC)
APPROVING A WRITTEN AGREEMENT FOR LEGAL SERVICES AND
AUTHORIZING THE PRESIDENT TO EXECUTE SAID AGREEMENT.
WHEREAS, the Board of Directors of the Sanger Texas Development Corporation desires
to engage with Brown & Hofmeister, LLP as Legal Counsel for the Corporation and to authorize
the Board President to execute an Agreement with Brown & Hofmeister, LLC for legal services
to the Corporation.
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
THE SANGER TEXAS DEVELOPMENT CORPORATION:
SECTION 1. The President of the Board be, and he is hereby, authorized and directed to
execute an Agreement by and between the Sanger Texas Development Corporation and Brown &
Hofmeister, LLP for legal services to the Corporation. A copy of said Agreement is attached hereto
and made a part hereof for all purposes.
PASSED AND APPROVED BY THE SANGER TEXAS DEVELOPMENT
CORPORATION THIS THE 27th DAY OF AUGUST, 2024.
APPROVED:
John Payne, Board President
ATTEST:
Shani Bradshaw, Economic Development Director
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Item 3.
4B DEVELOPMENT CORPORATION
COMMUNICATION
DATE: August 27, 2024
FROM: Shani Bradshaw, Director of Economic Development
AGENDA ITEM: Financial Reports.
SUMMARY:
Staff will provide a financial and Sales Tax report.
FISCAL INFORMATION:
Budgeted: NA Amount: NA GL Account: NA
RECOMMENDED MOTION OR ACTION:
NA
ATTACHMENTS:
Financial Report for June 2024
Sales Tax Report for August 2024
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Item 4.
2023-2024 2023-2024 Budget
76-ECONOMIC DEVELOPMENT BUDGET YTD (June 30)Balance
REVENUE
State Sales Tax 875,000 614,290 260,710
Grant Revenue - -
Interest Income 35,000 42,461 (7,461)
Rental Income 900 900
Misc. Income - -
TOTAL 4B FUND REVENUE 910,900.00$ 656,750.93$ 254,149.07$
EXPENDITURES
51-SALARIES AND BENEFITS
Salaries & Benefits 63,475 47,490 15,985
TOTAL 51-SALARIES AND BENEFITS 63,475 47,490 15,985
52-SUPPLIES AND MATERIALS
Office Supplies 500 171 329
Computer Hardware 1,000 460 540
Computer Software 3,500 3,500
Food 200 200
Postage 50 7 43
Marketing & Promotions 50,000 19,401 30,599
Dues & Subscriptions 8,000 6,765 1,235
Conferences & Training 10,000 3,711 6,289
Furniture & Fixtures - - -
TOTAL 52-SUPPLIES AND MATERIALS 73,250 30,515 42,735
53-MAINTENANCE AND OPERATIONS
R&M Building 2,200 2,200
Office Machine Lease 900 563 337
TOTAL 53-MAINTENANCE AND OPERAT 3,100 563 2,537
54-CONTRACT SERVICES
Legal Services 1,000 - 1,000
Professional Services 160,800 81,229 79,571
Technical Support 1,000 - 1,000
Website - - -
TOTAL 54-CONTRACT SERVICES 162,800 81,229 81,571
56-GRANT EXPENSE
Promo/Community Event Grant - - -
Property Enhancement Grant 60,000 19,445 40,555
TOTAL GRANT EXPENSE 60,000 19,445 40,555
61-CAPITAL OUTLAY
Infrastructure - - -
Downtown Park Project - - -
Porter Park 2 -
TOTAL 61-CAPITAL OUTLAY - - -
74-TRANSFERS
Transfer to General Fund - - -
Transfer to Debt Services 180,000 180,000 -
Transfer to CIP Fun - - -
Transfer to Internal Services 15,000 15,000 -
TOTAL 74-TRANSFERS 195,000 195,000 -
TOTAL 4B FUND EXPENDITURES 557,625 374,242 183,383
REVENUE OVER/UNDER EXPENDITURES 353,275.00$ 282,509.11$ 70,765.89$
Cash in Bank - Checking 207,088.88$
Certificate of Deposit 294,816.96$
Claim on Cash 2,165,289.63$
TOTAL CASH 2,667,195.47$
4B FUND - SANGER TEXAS DEVELOPMENT CORPORATION
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Item 4.
Month 2019-2020 Total 2020-2021 Total 2021-2022 Total 2022-2023 Total 2023-2024 Total
OCT 41,961 41,961 52,602 52,602 50,303 55,222 65,621 65,621 84,045 84,045
NOV 42,075 84,036 50,054 102,656 55,222 105,525 61,751 127,372 72,499 156,544
DEC 44,092 128,128 52,405 155,061 48,145 153,670 72,220 199,591 62,317 218,861
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 49,189 443,837 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 68,797 751,116
SEP 42,073 553,295 52,474 636,104 51,911 695,965 63,730 756,232 `
TOTAL 533,295 533,295 636,104 636,104 695,965 695,965 756,232 756,232 751,116
BUDGET 385,000 148,295 462,500 173,604 600,000 95,965 800,000 (43,768)875,000 (875,000)
Actual Actual %Actual Actual %
2024 2023 Change 2024 2023 Change
68,797 $ 62,807 10%$ 751,116 $ 692,502 8%
Year ToDateSalesTaxCollection
Economic Development Sales Tax Report - June 2024
August
533,295
636,104
695,965
756,232 751,116
0
100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
2019-2020 2020-2021 2021-2022 2022-2023 2023-2024
SALES TAX REVENUE 2019-2024
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Item 4.