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HomeMy WebLinkAbout02/25/2025-4B-Agenda Packet-Regular4B DEVELOPMENT CORPORATION MEETING AGENDA FEBRUARY 25, 2025, 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. SPECIAL PRESENTATIONS AND ANNOUNCEMENTS Presentations of awards and certificates, and other acknowledgments of significant accomplishments or service to the community. 1. Special presentation by Alexa Reaves on behalf of Girl Scout Troop #7847. DISCUSSION ITEMS 2. Porter Park II Update. 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. 3. Consideration and possible action on 4B minutes from 10/22/2024. ACTION ITEMS 4. Consideration and possible action on Property Enhancement Incentive application for 202 Bolivar Street. 1 5. Consideration and possible action on amending the Property Enhancement Incentive application for 315 N. 5th Street. 6. Consideration and possible action on future board meeting dates. REPORTS 7. Financial Reports. 8. Director 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 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. 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 February 20, 2025, at 4:30 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 4B DEVELOPMENT CORPORATION COMMUNICATION DATE: February 25, 2025 FROM: Shani Bradshaw, Director of Economic Development and Ryan Nolting, Director of Parks and Recreation. AGENDA ITEM: Porter Park II Update. SUMMARY:  Staff will provide an update on the Porter Park II project. FISCAL INFORMATION: Budgeted: NA Amount: NA GL Account: NA RECOMMENDED MOTION OR ACTION: NA ATTACHMENTS: 3 Item 2. 4B DEVELOPMENT CORPORATION COMMUNICATION DATE: February 25, 2025 FROM: Shani Bradshaw, Director of Economic Development. AGENDA ITEM: Consideration and possible action on 4B minutes from 10/22/2024. SUMMARY:  4B Board Minutes from 10/22/2024. FISCAL INFORMATION: Budgeted: NA Amount: NA GL Account: NA RECOMMENDED MOTION OR ACTION: Staff recommends approval. ATTACHMENTS: 4B Minutes from 10/24/2024. 4 Item 3. 4B Minutes 10-22-2024 Page 1 of 3 4B DEVELOPMENT CORPORATION MEETING MINUTES OCTOBER 22, 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 6:00 p.m. BOARD MEMBERS PRESENT Board Member, Place 1 Lee Allison Board Member, Place 2 John Payne Board Member, Place 3 Matt Fuller Board Member, Place 6 Eddie Piercy Board Member, Place 7 Carrie Bilyeu BOARD MEMBERS ABSENT Board Member, Place 4 Beverly Howard Board Member, Place 5 Jeff Springer STAFF MEMBERS PRESENT Director of Economic Development Shani Bradshaw, Secretary Shelley Warner INVOCATION AND PLEDGE Invocation was led by Board Member Payne. Pledge was led by Board Member Bilyeu. 5 Item 3. 4B Minutes 10-22-2024 Page 2 of 3 CITIZENS COMMENTS No citizens came forward to speak. CONSENT AGENDA 1. Consideration and possible action on 4B minutes from 09/24/2024. Motion to approve the consent agenda as shown was made by Board Member Bilyeu. Seconded by Board Member Fuller. Voting Yea: Board Member Payne, Board Member Allison, and Board Member Piercy. The motion passes unanimously. DISCUSSION ITEMS 2. Porter Park 2 Update. Director Shani Bradshaw provided an overview of the item. Board members discussed interest in modifying presented plan layout. Director Bradshaw responded. REPORTS 3. Financial Reports. Director Bradshaw goes over the financial report. 4. Director’s Report. Director Bradshaw provides an update. FUTURE AGENDA ITEMS Board Member Piercy recommended changing 4B Development Corporation meetings to meet every other month. Board Member Fuller recommended changing 4B Development Corporation meetings to meet on an as need basis. 6 Item 3. 4B Minutes 10-22-2024 Page 3 of 3 Board agreed to consider and discuss further the recommendation in a future meeting. ADJOURN As there were no further items on the agenda Board Member Payne adjourned the meeting at 6:39 p.m. 7 Item 3. 4B DEVELOPMENT CORPORATION COMMUNICATION DATE: February 25, 2025 FROM: Shani Bradshaw, Director of Economic Development. AGENDA ITEM: Consideration and possible action on Property Enhancement Incentive application for 202 Bolivar Street. SUMMARY:  Owner is replacing the current awing cover to give the building a fresh new look.  They will also replace the rotting wood around front door and replace with a new black aluminum frame.  The front and backside of building will be freshly painted.  Additionally, the owner plans to add new concrete steps and a concrete pad to the back of the building, which will be visible to customers.  The applicant has provided quotes for the façade enhancements.  The total investment for this project is $18,500.91  The requested grant amount is $9,250.45.  It is important to note that the owner intends to use the same paint color currently on the building; however, this color does not meet the exterior façade design criteria and is not eligible for the grant.  Staff recommends approving the grant amount of $8,350.48, which excludes painting of the front and back of building. FISCAL INFORMATION: Budgeted: Yes Amount: $60,000 GL Account: NA RECOMMENDED MOTION OR ACTION: Staff recommends approval. (RECOMMENDED MOTION) – I make a motion to approve the Candy Jar grant application in the amount of $8,350.45. ATTACHMENTS:  Property Enhancement Incentive Program Application – 202 Bolivar 8 Item 4. 9 Item 4. 10 Item 4. 11 Item 4. 12 Item 4. 13 Item 4. 14 Item 4. 15 Item 4. 16 Item 4. 17 Item 4. 18 Item 4. 19 Item 4. 20 Item 4. 21 Item 4. 22 Item 4. 23 Item 4. 24 Item 4. 25 Item 4. 26 Item 4. 4B DEVELOPMENT CORPORATION COMMUNICATION DATE: February 25, 2025 FROM: Shani Bradshaw, Director of Economic Development AGENDA ITEM: Consideration and possible action on amending the Property Enhancement Incentive application for 315 N. 5th Street. SUMMARY:  On July 23, 2024, the Board approved a PEIP grant for 315 N. 5th Street in the amount $6,960.  The originally purpose of the grant was to assist with the replacement of the exterior windows and frames, which have been with the building since it was first constructed.  The owner has encountered safety issues that prevented them from replacing the windows and frames, as there is a risk of the wall collapsing.  As a result, the owner is requesting an amendment to the grant, prosing to replace only the drive- thru window and frame.  Applicant has provided 2 quotes.  Total investment is $4,330.00  Grant request amount is $2,165.00.  Funding is available. FISCAL INFORMATION: Budgeted: Yes Amount: $60,000 GL Account: NA RECOMMENDED MOTION OR ACTION:  Staff recommends approval. (RECOMMENDED MOTION) – I make a motion to amend Dandy Donut’s grant application in the amount of $2,165.00 ATTACHMENTS:  Property Enhancement Incentive Program Application – 315 N. 5TH Street 27 Item 5. 28 Item 5. 29 Item 5. 30 Item 5. 31 Item 5. 32 Item 5. 33 Item 5. 34 Item 5. 35 Item 5. 36 Item 5. 4B DEVELOPMENT CORPORATION COMMUNICATION DATE: February 25, 2025 FROM: Shani Bradshaw, Director of Economic Development. AGENDA ITEM: Consideration and possible action on future board meeting dates. SUMMARY:  On October 22, 2024, board member Piercy recommended the board consider meeting every other month, and board member Fuller recommended meeting on an as needed basis. FISCAL INFORMATION: Budgeted: NA Amount: NA GL Account: NA RECOMMENDED MOTION OR ACTION: ATTACHMENTS: 42 Item 6. 4B DEVELOPMENT CORPORATION COMMUNICATION DATE: February 25, 2025 FROM: Shani Bradshaw, Director of Economic Development. AGENDA ITEM: Financial Reports. SUMMARY:  Revenues and expenditures reflect activity from October 1, 2024, through January 31, 2025.  Sales Tax Collection for January 31, 2025. FISCAL INFORMATION: Budgeted: NA Amount: NA GL Account: NA RECOMMENDED MOTION OR ACTION: NA ATTACHMENTS: Monthly Financial Report – January 31, 2025 Sales Tax Report – January 31, 2025 43 Item 7. 2024-2025 2024-2025 Total Budget 76-ECONOMIC DEVELOPMENT BUDGET YTD (Jan 31)Encumbered Balance REVENUE 00-4325 State Sales Tax 962,500.00 292,153.92 670,346.08 00-4446 Grant Revenue - - 00-4800 Interest Income 44,000.00 25,590.37 18,409.63 00-4900 Rental Income - 00-4910 Misc. Income - - TOTAL 4B FUND REVENUE 1,006,500.00$ 317,744.29$ -$ 688,755.71$ EXPENDITURES 51-SALARIES AND BENEFITS Salaries & Benefits 119,641.00 24,977.89 94,663.11 TOTAL 51-SALARIES AND BENEFITS 119,641.00 24,977.89 - 94,663.11 52-SUPPLIES AND MATERIALS 76-5210 Departmental Supplies (Food, postage, furniture, supplies)1,450.00 58.37 1,391.63 76-5213 Computer Hardware & Software 5,755.00 99.98 5,655.02 76-5226 Advertising & Marketing 25,000.00 9,263.46 4,250.00 11,486.54 76-5235 Staff Training & Development (dues, subscriptions, training)18,000.00 6,973.67 11,026.33 TOTAL 52-SUPPLIES AND MATERIALS 50,205.00 16,395.48 4,250.00 29,559.52 53-MAINTENANCE AND OPERATIONS 76-5310 Repairs and Maintenance 76-5332 Office Machine Lease 900.00 303.34 596.66 TOTAL 53-MAINTENANCE AND OPERAT 900.00 303.34 - 596.66 54-CONTRACT SERVICES 76-5420 Contract/Professional Services 50,000.00 15,418.39 (11,275.00) 45,856.61 76-5425 Outside Legal Services 10,000.00 1,850.00 8,150.00 76-5450 Technical Support 1,000.00 - 1,000.00 76-5452 Website - - - TOTAL 54-CONTRACT SERVICES 61,000.00 17,268.39 (11,275.00) 55,006.61 56-GRANT EXPENSE 76-5601 Promo/Community Event Grant - - - - 76-5603 Property Enhancement Grant 60,000.00 60,000.00 TOTAL GRANT EXPENSE 60,000.00 - - 60,000.00 61-CAPITAL OUTLAY 76-6103 Infrastructure - - - - 76-6116 Porter Park - - - 76-6117 New Downtown Park 76-6118 Miracle Field at Porter Park TOTAL 61-CAPITAL OUTLAY - - - - 74-TRANSFERS 74-7401 Transfer to General Fund - - - - 74-7403 Transfer to Debt Services 180,000 180,000 - - 74-7404 Transfer to CIP Fun - - - - 74-7499 Transfer to Internal Services 15,000 15,000 - - TOTAL 74-TRANSFERS 195,000 195,000 - - TOTAL 4B FUND EXPENDITURES 486,746.00 253,945.10 (7,025.00) 239,825.90 REVENUE OVER/UNDER EXPENDITURES 519,754.00$ 63,799.19$ (7,025.00) 448,929.81$ Cash in Bank - Checking 210,748.00$ Certificate of Deposit 300,666.52$ Claim on Cash 2,357,112.63$ TOTAL CASH 2,868,527.15$ Notes: ∙ On 9/24/2024: Board approved 1M forgivable loan to Tom Thumb. Loan has a four-year term. Yearly amount forgivable is $250,000, beginning the first year after completion. Target FTEs 85. 4B FUND - SANGER TEXAS DEVELOPMENT CORPORATION ∙ $180,000 for the 2009 bonds for the Sanger Sports Park final payment date will be August 2026. ∙ Board to allocate $200,000 anually for Porter Park Infrastructure 44 Item 7. 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 96,830 312,163 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 533,295 533,295 636,104 636,104 695,965 695,965 756,232 756,232 825,750 825,750 312,163 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 % 2025 2024 Change 2025 2024 Change $ 968 $ 78,147 24%$ 312,163 $ 297,009 5% Year To DateSales Tax Collection Economic Development Sales Tax Report - January 2025 January 533,295 636,104 695,965 756,232 825,750 312,163 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 45 Item 7. 4B DEVELOPMENT CORPORATION COMMUNICATION DATE: February 26, 2025 FROM: Shani Bradshaw, Director of Economic Development AGENDA ITEM: Director’s Report. SUMMARY:  Business Growth  ICSC@RedRiver FISCAL INFORMATION: Budgeted: NA Amount: NA GL Account: NA RECOMMENDED MOTION OR ACTION: NA ATTACHMENTS: Staff will provide. 46 Item 8.