HomeMy WebLinkAbout04/01/2025-4A-Agenda Packet-Regular4A INDUSTRIAL DEVELOPMENT BOARD
MEETING AGENDA
APRIL 01, 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 02-04-2025.
2. Consideration and possible action on 4A minutes from 02-27-2025.
DISCUSSION ITEMS
3. Discussion on the 4A Fiscal Year 2024-2025 Budget.
4. Discussion on potential strategic initiatives for economic growth and development.
ACTION ITEMS
REPORTS
Staff Reports are for discussion only. No action may be taken on items listed under this portion
of the agenda.
5. Director Report.
1
6. 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
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 March 26, 2025, at 4:30 PM.
Shelley Warner, Secretary
Request for 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 Minutes 12-03-24
Page 1 of 2
4A INDUSTRIAL DEVELOPMENT BOARD
MEETING MINUTES
FEBRUARY 4, 2025, 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 1 Jofree Fincher
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
STAFF MEMBERS PRESENT
Director of Economic Development Shani Bradshaw
INVOCATION AND PLEDGE
Board Member McAlister led the Pledge of Allegiance.
CITIZENS COMMENTS
No citizens came forward to speak.
CONSENT AGENDA
1. Consideration and possible action on 4A minutes from 12-3-2024.
Motion to approve the 4A minutes from 12-3-2024 was made by Board Member Gann,
Seconded by Board Member Allison.
3
Item 1.
4A Minutes 12-03-24
Page 2 of 2
Voting Yea: Board Member Hall, Boad Member Fincher, Board Member McAlister. The
motion passed unanimously.
DISCUSSION ITEMS
2. S.W.A.G. Update
Discussion was held.
REPORTS
3. Financial Reports.
Discussion was held.
4. Director’s Report.
Director Bradshaw provided an update on development activity and her attendance at
ICSC@redriver.
FUTURE AGENDA ITEMS
Board Member Allison would like to explore land opportunities and discuss them at the next
board meeting.
ADJOURN
As there were no further items on the agenda Board Member McAlister adjourned the meeting
at 7:12 p.m.
4
Item 1.
4A Minutes 02-27-25
Page 1 of 2
4A INDUSTRIAL DEVELOPMENT BOARD
MEETING MINUTES
FEBRUARY 27, 2025, 6:00 PM
4A INDUSTRIAL DEVELOPMENT SPECIAL MEETING
DEVELOPMENT SERVICES BUILDING - 201 BOLIVAR STREET, SANGER, TEXAS 76266
CALL THE MEETING TO ORDER AND ESTABLISH A QUORUM
As there was a quorum Board Member Allison called the meeting to order at 6:04 P.M.
BOARD MEMBERS PRESENT
Board member, Place 1 Jofree Fincher
Board Member, Place 2 Sue Allison
Board Member, Place 3 Shannon Gann
BOARD MEMBERS ABSENT
Board Member, Place 4 Nancy McAlister
Board Member, Place 5 Drew Hall
STAFF MEMBERS PRESENT
Director of Economic Development Shani Bradshaw
INVOCATION AND PLEDGE
CITIZENS COMMENTS
No citizens came forward to speak.
CONSENT AGENDA
1. Consideration and possible action to approve and authorize the execution of a
Performance Agreement with Sanger Education Foundation, Inc., acting on behalf of the
Sanger Independent School District, to provide a grant in the amount not to exceed
$235, 075.00 to support the Sanger ISD Career and Technology Center, subject to City
Council Approval.
Director Bradshaw presented the item and noted the amount should be $234,075
5
Item 1.
4A Minutes 02-27-25
Page 2 of 2
Motion to approve and authorize the execution of a Performance Agreement with Sanger
Education Foundation, Inc., acting on behalf of the Sanger Independent School District,
to provide a grant in the amount not to exceed $234, 075.00 to support the Sanger ISD
Career and Technology Center, subject to City Council Approval was made by Board
Member Allison, seconded by Board Fincher.
Voting Yea: Board Member Gann. The motion passed unanimously.
FUTURE AGENDA ITEMS
No items were discussed.
ADJOURN
As there were no further items on the agenda Board Member Allison adjourned the meeting at
6:18 p.m.
6
Item 1.
4A INDUSTRIAL DEVELOPMENT BOARD
COMMUNICATION
DATE: April 1, 2025
FROM: Shani Bradshaw, Director of Economic Development
AGENDA ITEM: Consideration and possible action on 4A minutes from 02-27-2025.
SUMMARY:
Consideration and possible action on 4A minutes from 02-27-2025.
FISCAL INFORMATION:
Budgeted: NA Amount: NA GL Account: NA
RECOMMENDED MOTION OR ACTION:
Staff recommends approval.
ATTACHMENTS:
4A minutes from 02-04-2027.
7
Item 2.
4A Minutes 02-27-25
Page 1 of 2
4A INDUSTRIAL DEVELOPMENT BOARD
MEETING MINUTES
FEBRUARY 27, 2025, 6:00 PM
4A INDUSTRIAL DEVELOPMENT SPECIAL MEETING
DEVELOPMENT SERVICES BUILDING - 201 BOLIVAR STREET, SANGER, TEXAS 76266
CALL THE MEETING TO ORDER AND ESTABLISH A QUORUM
As there was a quorum Board Member Allison called the meeting to order at 6:04 P.M.
BOARD MEMBERS PRESENT
Board member, Place 1 Jofree Fincher
Board Member, Place 2 Sue Allison
Board Member, Place 3 Shannon Gann
BOARD MEMBERS ABSENT
Board Member, Place 4 Nancy McAlister
Board Member, Place 5 Drew Hall
STAFF MEMBERS PRESENT
Director of Economic Development Shani Bradshaw
INVOCATION AND PLEDGE
CITIZENS COMMENTS
No citizens came forward to speak.
CONSENT AGENDA
1. Consideration and possible action to approve and authorize the execution of a
Performance Agreement with Sanger Education Foundation, Inc., acting on behalf of the
Sanger Independent School District, to provide a grant in the amount not to exceed
$235, 075.00 to support the Sanger ISD Career and Technology Center, subject to City
Council Approval.
Director Bradshaw presented the item and noted the amount should be $234,075
8
Item 2.
4A Minutes 02-27-25
Page 2 of 2
Motion to approve and authorize the execution of a Performance Agreement with Sanger
Education Foundation, Inc., acting on behalf of the Sanger Independent School District,
to provide a grant in the amount not to exceed $234, 075.00 to support the Sanger ISD
Career and Technology Center, subject to City Council Approval was made by Board
Member Allison, seconded by Board Fincher.
Voting Yea: Board Member Gann. The motion passed unanimously.
FUTURE AGENDA ITEMS
No items were discussed.
ADJOURN
As there were no further items on the agenda Board Member Allison adjourned the meeting at
6:18 p.m.
9
Item 2.
4A INDUSTRIAL DEVELOPMENT BOARD
COMMUNICATION
DATE: April 1, 2025
FROM: Shani Bradshaw, Director of Economic Development
AGENDA ITEM: Discussion on the 4A Fiscal Year 2024-2025 Budget.
SUMMARY:
Discuss the Fiscal Year 2025-2026 Budget.
FISCAL INFORMATION:
Budgeted: NA Amount: NA GL Account: NA
RECOMMENDED MOTION OR ACTION:
NA
ATTACHMENTS:
4A Budget FY 2025-2026 (Draft)
4A Budget Revenue & Expenditure Description
10
Item 3.
2025-2026 BUDGET WORKSHEET
4A - ECONOMIC DEVELOPMENT
2022-23 2023-24 CURRENT Y-T-D PROJECTED REQUESTED COMMENTS
ACCT NAME ACTUAL ACTUAL BUDGET ACTUAL YEAR END BUDGET (REQUIRED IF % INCREASE IS NOT ZERO)
REVENUES
00-4325 SALES TAX REVENUE 784,551 799,117 962,500 388,984 933,562 962,500 0%
00-4446 GRANT REVENUE 15,040 0 0 0 0 0 -
00-4800 INTEREST INCOME 67,770 130,999 95,000 50,461 121,105 95,000 0%
00-4945 SALE OF CAPITAL ASSETS 938,768 0 0 0 0 0 -
EXPENDITURES
46-5210 DEPARTMENTAL SUPPLIES 503 229 1,450 58 140 1,450 0%
46-5213 COMPUTER HARDWARE & SOFTWARE 4,990 2,460 5,755 100 240 3,000 -48%
46-5226 ADVERTISING & MARKETING 19,000 26,082 25,000 15,131 36,315 30,000 20%Marketing Materials and Sponsorships
46-5227 BUSINESS RETENTION EXPANSION 0 0 10,000 0 0 10,000 0%
46-5235 STAFF TRAINING & DEVELOPMENT 11,278 14,330 20,000 6,974 16,737 24,000 20%Membership to Team Texas - State Business Attraction Program
46-5325 REPAIRS & MAINTENANCE 0 2,200 0 0 0 0 -
46-5332 LEASED EQUIPMENT 682 749 900 327 785 900 0%
46-5420 CONTRACT/PROFESSIONAL SERVICES 8,238 480 103,000 100 240 103,000 0%
46-5425 OUTSIDE LEGAL SERVICES 0 3 25,000 100 240 25,000 0%
46-5450 TECHNOLOGY SERVICES 0 0 1,000 0 0 1,000 0%
46-5452 WEBSITE 6,080 0 0 0 0 0 -
46-5610 GRANT EXPENSES 0 0 250,000 0 0 250,000 0%
2024-25 2025-26
ACCT #
% INCREASE
(DECREASE)
11
Item 3.
Page 1 of 2
Sanger Industrial Development (4A) - Revenue and Expenditure Line Items
Estimated Revenues
4A Sales Tax
Projected income from sales tax for twelve (12) months.
Interest Income
Funds Available
Funds available from Checking, Money Market, and Investment Accounts.
Expenditures
Salaries and Benefits
Salaries, Vacation Compensation, Longevity Pay, Auto Allowance, Cell Phone Allowance,
Retirement, Health Insurance, Workers Comp, Unemployment.
Department Supplies:
Office Supplies - Copier paper, laser cartridges, and other general supplies for day-to-day
operations
Food - Board meetings and prospects
Postage - expenses for mailings
Furniture & Fixtures - Cost of new or replacement of office furniture
Computer Hardware & Software
Computer Hardware – Computer hardware and accessories.
Computer Software – Annual website licenses, software updates, hosting, and
troubleshooting.
Advertising & Marketing
10% of 4A tax proceeds (allowed by law). Ads for specific publications (DRC Relocation
Guide, DRC Economic Development Guide, Go Big Texas, RED Journals Economic Guide),
billboards, sponsorships, marketing materials, special events, public and legal notices, maps,
photos, and promotional items for trade shows and recruitment efforts such as the
International Council of Shopping Centers (ICSC); Team Texas, Texas ED Connections, and
others.
12
Item 3.
Page 2 of 2
Business Retention Expansion
Small business workshops, welcome letters to new businesses, quarterly newsletters and
online information, business surveys, lunches with local businesses, business roundtables,
business recognition awards, and workforce development.
Staff Training & Development
Dues and Subscriptions Including, but not limited to cost of membership fees for the
International Council of Shopping Centers (ICSC), Dallas Chamber, Texas Economic
Development Council (TEDC), Southern Economic Development Councils (SBEDC), Team
Texas, International Economic Development Council (IEDC); Industrial Asset Management
Council (IAMC), Sanger Chamber, Denton Chamber, Zoom Prospector, Placer.ai, REsimplifi,
and Magazine/Professional Subscriptions.
Training & Development – Conferences, tradeshow registration, and attendance with
organizations such as, but not limited to, the following: the Texas Economic Development
Council (TEDC); International Economic Development Council (IEDC); Southern Economic
Development Council (SBEDC); Society of Industrial and Office Realtors (SIOR); Industrial
Asset Management Council (IAMC); also includes local and regional conferences that arise.
Travel and related expenses, such as airfare, hotel, and per diem or other travel-related cost.
This would be for travel related to, but not limited to, conferences, tradeshows, recruitment
efforts, and marketing trips.
This item also includes prospect hosting (cost of travel, rental car, lodging, food, and
entertainment for prospects).
Repairs & Maintenance
Repair and maintenance to office building
Lease Equipment
Copier and Printer
Outside Legal Services
Legal consultation services, research, opinions, agreements, etc.
Professional Service –
The SIDC contracts various services with professionals and firms for specific projects and
tasks, such as strategic planning, engineering, research, study for prospects, utility studies,
or other studies that may arise that are needed for economic development. (Marketing
analysis, trade area, and demographic reports, Survey Monkey, maps, and charts, current
demographics, and projections needed for brokers and developers.)
Technical Services
Maintenance of computer systems and office network.
Grant Expenses
Workforce Grant (SWAG)
13
Item 3.
4A INDUSTRIAL DEVELOPMENT BOARD
COMMUNICATION
DATE: April 2, 2024
FROM: Shani Bradshaw, Director of Economic Development
AGENDA ITEM: Discussion on potential strategic initiatives for economic growth and
development.
SUMMARY:
Land opportunities for industrial use
Workforce training
FISCAL INFORMATION:
Budgeted: NA Amount: NA GL Account: NA
RECOMMENDED MOTION OR ACTION:
NA
ATTACHMENTS:
14
Item 4.
4A INDUSTRIAL DEVELOPMENT BOARD
COMMUNICATION
DATE: April 1, 2025
FROM: Shani Bradshaw, Director of Economic Development
AGENDA ITEM: Director Report
SUMMARY:
Update on the Sanger Workforce Achievement Grant (SWAG)
Economic Development Strategic Plan
FISCAL INFORMATION:
Budgeted: NA Amount: NA GL Account: NA
RECOMMENDED MOTION OR ACTION:
NA
ATTACHMENTS:
NA
15
Item 5.
4A INDUSTRIAL DEVELOPMENT BOARD
COMMUNICATION
DATE: April 1, 2025
FROM: Shani Bradshaw, Director of Economic Development
AGENDA ITEM: Financial Reports
SUMMARY:
Financial Report for the period ending February 28, 2025
Sales Tax collections for February 28, 2025
FISCAL INFORMATION:
Budgeted: NA Amount: NA GL Account: NA
RECOMMENDED MOTION OR ACTION:
NA
ATTACHMENTS:
Monthly Financial Report – February 28, 2025
Sales Tax Report – February 28, 2025
16
Item 6.
Percent
Budget Actual of Budget
Revenue
Sales Tax 962,500.00$ 388,984.03$ 40%
Interest Income 95,000.00$ 62,465.56$ 66%
Grants
Total Revenue 1,057,500.00$ 451,449.59$ 43%
Expenditures
Salaries & Benefits 119,642.00$ 31,179.28$ 26%
Supplies & Materials 62,205.00$ 22,760.43$ 37%
Maintenance & Operations 900.00$ 370.38$ 41%
Contract Services 129,000.00$ 200.00$ 0%
Capital Outlay -$ -$ #DIV/0!
Grant Expenses 250,000.00$ 0%
Transfers 15,000.00$ 15,000.00$ 100%
Total Expenditures 576,747.00$ 69,510.09$ 12%
Revenues Over Expenditures 480,753.00$ 381,939.50$
Cash in Bank - First United 3,600,212.95$
Cash in Bank - Prosperity 333,274.66$
Money Market 2,096,695.60$
Certificate of Deposit 100,967.23$
Total Cash 6,131,150.44$
February 28, 2025
Fund Type A
Sanger Texas Industrial Development Corporation
17
Item 6.
Month 2020-2021 Total 2021-2022 Total 2022-2023 Total 2023-2024 Total 2024-2025 Total
October 52,602 52,602 50,303 55,222 65,621 65,621 84,045 84,045 67,307 67,307
November 50,054 102,656 55,222 105,525 61,751 127,372 72,499 156,544 76,909 144,216
December 52,405 155,061 48,145 153,670 72,220 199,591 62,317 218,861 71,117 215,333
January 44,941 200,002 56,155 209,825 61,974 261,565 78,147 297,009 76,821 292,154
February 62,144 262,146 76,753 286,579 71,749 333,314 69,257 366,266 96,830 388,984
March 49,700 311,846 57,471 344,049 52,565 385,879 61,032 427,298
April 48,180 360,026 44,446 388,495 54,627 440,506 45,186 472,483
May 63,691 423,717 64,395 452,890 67,275 507,780 67,969 540,452
June 47,099 470,816 65,968 518,858 60,186 567,966 73,838 614,290
July 50,290 521,106 56,987 575,845 61,729 629,695 68,028 682,319
August 62,523 583,629 68,209 644,054 62,807 692,502 72,940 755,259
September 52,474 636,104 51,911 695,965 63,730 756,232 70,492 825,750
TOTAL 636,104 636,104 695,965 695,965 756,232 756,232 825,750 825,750 388,984
BUDGET 462,500 173,604 600,000 95,965 800,000 (43,768)875,000 (49,250)962,500 (962,500)
Actual Actual %Actual Actual %
2025 2024 Change 2025 2024 Change
$ 96,830 $ 69,257 40%$ 388,984 $ 366,266 6%
Year To Date
Sales Tax Report - February 2025
February
Sales Tax
Collection
636,104 695,965 756,232
825,750
388,984
0
100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
900,000
2020-2021 2021-2022 2022-2023 2023-2024 2024-2025
Sales Tax Revenue 2020-2025
18
Item 6.