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Home My WebLink About05/06/2025-4A-Agenda Packet-Regular4A INDUSTRIAL DEVELOPMENT BOARD MEETING AGENDA MAY 06, 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. ACTION ITEMS 3. Consideration and possible action on the 4A Fiscal Year 2025-2026 Budget. REPORTS Staff Reports are for discussion only. No action may be taken on items listed under this portion of the agenda. 4. Financial Reports. 5. Director Report. FUTURE AGENDA ITEMS 1 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 April 30, 2025, at 5:00 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: May 6, 2025 FROM: Shani Bradshaw, Director of Economic Development AGENDA ITEM: Consideration and possible action on 4A minutes from 02-04-2025. SUMMARY: Consideration and possible action on 4A minutes from 02-04-2025 FISCAL INFORMATION: Budgeted: NA Amount: NA GL Account: NA RECOMMENDED MOTION OR ACTION: Staff recommends approval. ATTACHMENTS: 4A minutes from 02-04-2025. 3 Item 1. 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. 4 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. 5 Item 1. 4A INDUSTRIAL DEVELOPMENT BOARD COMMUNICATION DATE: May 6, 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. 6 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 7 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. 8 Item 2. 4A INDUSTRIAL DEVELOPMENT BOARD COMMUNICATION DATE: May 6, 2026 FROM: Shani Bradshaw, Director of Economic Development AGENDA ITEM: Consideration and possible action on the 4A Fiscal Year 2025-2026 Budget. SUMMARY:  Staff will provide a presentation on the 4A FY 2025-2026 Budget. FISCAL INFORMATION: Budgeted: NA Amount: NA GL Account: NA RECOMMENDED MOTION OR ACTION: Staff recommends approval. ATTACHMENTS: 4A Budget FY 2025-2026 4A Budget Revenue & Expenditure Description 9 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 1,000 -31% Budget reduced after initial allocation for new staff member's furnitire and supplies 46-5213 COMPUTER HARDWARE & SOFTWARE 4,990 2,460 5,755 100 240 3,000 -48% Budget reduced after initial allocation for new staff member's computer and software 46-5226 ADVERTISING & MARKETING 19,000 26,082 25,000 15,131 36,315 40,000 60% Marketing materials and sponsorships to bring awareness of Sanger as a destination to visit, relocate, or expand businesses 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 23,000 15% Regional partnerships, professional associations, subscriptions, staff and board training. 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 8,238 480 103,000 100 240 113,000 10%GIS Services 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) 10 Item 3. Page 1 of 3 Sanger Industrial Development (4A) - Revenue and Expenditure Line Items Estimated Revenues 1. 4A Sales Tax Revenue  Primary funding source allocated to economic development. 2. Interest Income  Earnings from bank deposits or investments of unused funds. Expenditures 1. Salaries and Benefits Covers personnel-related costs, such as:  Wages and salaries  Vacation payouts  Retirement benefits  Health insurance  Vehicle and phone allowances  Workers’ compensation and unemployment insurance 2. Department Supplies: Day-today office needs:  Office Supplies: Paper, ink, pens, etc.  Food: Refreshments for board meetings or visiting business prospects  Postage: Mailing cost for communications and marketing materials  Furniture & Fixtures: New or replacement desks, chairs, etc. 3. Computer Hardware & Software Tech support for operations:  Hardware: Computer, printers, accessories  Software: Licensing, web hosting, and technical support for digital tools and the website 4. Advertising & Marketing Limited to 10% of 4A tax revenue  Ads for specific publications (DRC Relocation Guide, DRC Economic Development Guide, Go Big Texas, RED Journals Economic Guide)  Trade show materials and sponsorships  Promotional item.  Legal/public notices  Marketing campaigns targeting business recruitment o ICSC o Team Texas 11 Item 3. Page 2 of 3 o Texas ED connections o Others. 5. Business Retention Expansion Efforts to support existing businesses:  Workshops  Newsletters  Recognition awards  Surveys  Networking lunches and events (business roundtables) 6. Staff Training & Development Professional growth and outreach:  Membership Dues: Participation in economic development and real estate organization o International Council of Shopping Centers (ICSC) o Dallas Chamber o Texas Economic Development Council (TEDC) o Southern Economic Development Councils (SBEDC) o Team Texas o International Economic Development Council (IEDC) o Industrial Asset Management Council (IAMC) o Sanger Chamber o Denton Chamber o Zoom Prospector o Placer.ai o REsimplifi  Conferences: Attendance at state, regional, and national events o Texas Economic Development Council (TEDC) o International Economic Development Council (IEDC) o Southern Economic Development Council (SBEDC) o Society of Industrial and Office Realtors (SIOR) o Industrial Asset Management Council (IAMC) o Denton County Days  Travel: Related lodging, airfare, and meals for staff or businesses. This item also includes prospect hosting, such as cost of travel, rental car, lodging, food, and entertainment. 7. Repairs & Maintenance  Repair and maintenance to office building 8. Lease Equipment  Copier and Printer lease expenses 9. Contract/Professional Service Expert help for special projects:  Strategic planning  Engineering and utility studies  Demographic research and marketing analysis  Surveys and custom reports (Marketing analysis, trade area, and demographic reports, Survey Monkey, maps, and charts, current demographics, and projections needed for brokers and developers) 12 Item 3. Page 3 of 3 10. Outside Legal Services  Legal consultation services, research, opinions, agreements, etc. 11. Technical Services  IT support for the office network and systems 12. Grant Expenses  Workforce Grants: Funding to support local workforce initiatives or training programs 13 Item 3. 4A INDUSTRIAL DEVELOPMENT BOARD COMMUNICATION DATE: May 6, 2026 FROM: Shani Bradshaw, Director of Economic Development AGENDA ITEM: Financial Reports. SUMMARY:  Financial Report for the period ending March 31, 2025  Sales Tax collections for March 31, 2025 FISCAL INFORMATION: Budgeted: NA Amount: NA GL Account: NA RECOMMENDED MOTION OR ACTION: NA ATTACHMENTS:  Monthly Financial Report – March 31, 2025  Sales Tax Report – March 31, 2025 14 Item 4. Percent Budget Actual of Budget Revenue Sales Tax 962,500.00$ 449,857.50$ 47% Interest Income 95,000.00$ 74,276.14$ 78% Grants Total Revenue 1,057,500.00$ 524,133.64$ 50% Expenditures Salaries & Benefits 119,642.00$ 36,821.42$ 31% Supplies & Materials 62,205.00$ 27,196.18$ 44% Maintenance & Operations 900.00$ 432.38$ 48% Contract Services 129,000.00$ 300.00$ 0% Capital Outlay -$ -$ #DIV/0! Grant Expenses 250,000.00$ 0% Transfers 15,000.00$ 15,000.00$ 100% Total Expenditures 576,747.00$ 79,749.98$ 14% Revenues Over Expenditures 480,753.00$ 444,383.66$ Cash in Bank - First United 3,659,728.58$ Cash in Bank - Prosperity 333,317.12$ Money Market 2,101,520.87$ Certificate of Deposit 101,200.37$ Total Cash 6,195,766.94$ March 31, 2025 Fund Type A Sanger Texas Industrial Development Corporation 15 Item 4. 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 60,873 449,857 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 636,104 636,104 695,965 695,965 756,232 756,232 825,750 825,750 449,857 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 $ 60,873 $ 61,032 0%$ 449,857 $ 427,298 5% Year To Date Sales Tax Report - March 2025 March Sales Tax Collection 636,104 695,965 756,232 825,750 449,857 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 16 Item 4. 17 Item 4. ` 18 Item 4. 4A INDUSTRIAL DEVELOPMENT BOARD COMMUNICATION DATE: May 6, 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 19 Item 5.