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Home My WebLink About05/29/2025-4B-Agenda Packet-Regular4B DEVELOPMENT CORPORATION MEETING AGENDA MAY 29, 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. 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 02/25/2025. ACTION ITEMS 2. Consideration and possible action on the 4B Fiscal Year 2025-2026 Budget. REPORTS 3. 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 Corporation or at the call of the President. 1 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 May 20, 2024, at 3:00 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 4B DEVELOPMENT CORPORATION COMMUNICATION DATE: May 29, 2025 FROM: Shani Bradshaw, Director of Economic Development. AGENDA ITEM: Consideration and possible action on 4B minutes from 02/25/2025. SUMMARY:  4B Board Minutes from 02/25/2025 FISCAL INFORMATION: Budgeted: NA Amount: NA GL Account: NA RECOMMENDED MOTION OR ACTION: Staff recommends approval. ATTACHMENTS: 4B Minutes from 02/25/2025. 3 Item 1. 4B Minutes 02-25-2025 Page 1 of 3 4B DEVELOPMENT CORPORATION MEETING MINUTES FEBRUARY 25, 2025, 6:05 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 6:05 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 4 Beverly Howard Board Member, Place 5 Jeff Springer Board Member, Place 7 Carrie Bilyeu BOARD MEMBERS ABSENT Board Member, Place 6 Eddie Piercy STAFF MEMBERS PRESENT Director of Economic Development Shani Bradshaw, Director of Parks & Recreation Ryan Nolting, and Secretary Shelley Warner INVOCATION AND PLEDGE Invocation and pledge were led by Board Member Springer. CITIZENS COMMENTS No citizens came forward to speak. 4 Item 1. 4B Minutes 02-25-2025 Page 2 of 3 SPECIAL PRESENTATIONS AND ANNOUNCEMENTS 1. Special presentation by Alexa Reaves on behalf of Girl Scout Troop #7847. Item was postponed until next meeting. DISCUSSION ITEMS 2. Porter Park II Update. Director Shani Bradshaw provided an overview of the item. Parks & Recreation Director, Ryan Nolting, gave a presentation and showed a video of the proposed park layout. Board Member Springer, Board Member Payne, and Board Member Fuller asked questions. Director Nolting responded. CONSENT AGENDA 3. Consideration 4B minutes from 10/22/2024. Motion to approve the consent agenda as shown was made by Board Member Springer. Seconded by Board Member Fuller. Voting Yea: Board Member Payne, Board Member Allison, Board Member Howard and Board Member Bilyeu. The motion passes unanimously. ACTION ITEMS 4. Consideration and possible action on Property Enhancement Incentive application for 202 Bolivar Street. Director Bradshaw presented the item noting that the proposed paint does not meet façade standard. Staff recommends approval in the amount of $8,350.48, which excludes painting of the front and back of building. Motion to approve the Property Enhancement Incentive application for 202 Bolivar Street in the amount of $8,350.48, which excludes painting of the front and back of building, was made by Board Member Payne. Seconded by Board Member Howard. Voting Yea: Board Member Springer, Board Member Allison, Board Member Fuller and Board Member Bilyeu. The motion passes unanimously. 5. Consideration and possible action on amending the Property Enhancement Incentive application for 315 N. 5th Street. 5 Item 1. 4B Minutes 02-25-2025 Page 3 of 3 Director Bradshaw presented the item. Staff recommends approval in the amount $2,165.00. Motion to approve the Property Enhancement Incentive application for 315 N. 5th Street in the amount of $2,165.00 was made by Board Member Howard. Seconded by Board Member Bilyeu. Voting Yea: Board Member Springer, Board Member Payne, Board Member Fuller and Board Member Allison. The motion passes unanimously. 6. Consideration and possible action on future board meeting dates. Board Member Payne opened the discussion. Board Member Springer recommended meeting as needed, but no less than quarterly. Motion to approve the change of future 4B Development Corporation meeting dates to as needed, but no less than quarterly, was made by Board Member Springer. Seconded by Board Member Fuller. Voting Yea: Board Member Bilyeu, Board Member Payne, Board Member Howard and Board Member Allison. The motion passes unanimously. REPORTS 7. Financial Reports. Director Bradshaw goes over the financial report. 8. Director’s Report. Director Bradshaw provides an update. FUTURE AGENDA ITEMS No future items were discussed. ADJOURN As there were no further items on the agenda Board Member Payne adjourned the meeting at 7:06 p.m. 6 Item 1. 4B DEVELOPMENT CORPORATION COMMUNICATION DATE: May 29, 2025. FROM: Shani Bradshaw, Director of Economic Development AGENDA ITEM: Consideration and possible action on the 4B 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: APPROVE the 4B FY 2025-2026 Budget ATTACHMENTS: 4B Budget FY 2025-2026 4B Revenue Expenditures Line Items 7 Item 2. 2023-2024 2024-2025 2024-2025 2025-2026 ACTUAL BUDGET YTD (April)REQUESTED $% REVENUE State Sales Tax 799,117 962,500 509,003 962,500 - 0.0% Grant Revenue - #DIV/0! Interest Income 65,516 44,000 43,371 44,000 - 0.0% Rental Income 900 - #DIV/0! TOTAL 4B FUND REVENUE 865,533$ 1,006,500$ 552,375$ 1,006,500$ -$ 0.0% EXPENDITURES SALARIES AND BENEFITS Salaries & Benefits 60,500 119,642 41,944 119,642 - 0.0% TOTAL 51-SALARIES AND BENEFITS 60,500 119,642 41,944 119,642 - 0.0% DEPARTMENT SUPPLIES Supplies, food, postage, furniture and fixtures 292 1,450 269 1,000 (450) -31.0% TOTAL 52-DEPARTMENT SUPPLIES 292 1,450 269 1,000 (450) -31.0% COMPUTER HARDWARE & SOFTWARE Computer, printers, licensing, web hosting, tech support 2,460 5,755 100 3,000 (2,755) -47.9% TOTAL 52-COMPUTER HARDWARE & SOFTWARE 2,460 5,755 100 3,000 (2,755) -47.9% ADVERTISING & MARKETING Publications, promotional items, sponsorships, notices, mktg 28,157 25,000 21,072 40,000 15,000 60.0% TOTAL 52-ADVERTISING & MARKETING 28,157 25,000 21,072 40,000 15,000 60.0% Increase to bring awareness of Sanger as a destination to visit, relocate, or expand business STAFF TRAINING & DEVELOPMENT Membership dues, conferences, travel expenses, workshops 12,953 18,000 10,623 18,000 - 0.0% TOTAL 52-STAFF TRAINING & DEVELOPMENT 12,953 18,000 10,623 18,000 - 0.0% REPAIRS & MAINTENANCE Repair and maintenance to office building 2,200 - 1,000 - #DIV/0! TOTAL 61-REPAIRS & MAINTENANCE 2,200 - - 1,000 1,000 #DIV/0! LEASED EQUIPMENT Office copier and printer 749 900 494 900 - 0.0% TOTAL 74-LEASES EQUIPMENT 749 900 494 900 - 0.0% CONTRACT/PROFESSIONAL SERVICES Expert services in analysis, planning, studies, services, etc.135,959 50,000 9,668 40,000 - -20.0% TOTAL 74-CONTRACT/PROFESSIONAL SERVICES 135,959 50,000 9,668 40,000 (10,000) -20.0% Increase is for GIS and Retail Recruitment Services OUTSIDE LEGAL SERVICES Legal consultation services, research, opinons, agreements - 10,000 1,850 10,000 - 0.0% TOTAL 54-OUTSIDE LEGAL SERVICES - 10,000 1,850 10,000 - 0.0% TECHNOLOGY SERVICES IT support for the office network and systems 1,000 - 1,000 - 0.0% TOTAL 54-TECHNOLOGY SERVICES - 1,000 - 1,000 - 0.0% PROMO/COMMUNITY EVENT GRANTS Grant for events that promote community engagement - - - #DIV/0! TOTAL 56- PROMO/COMMUNITY EVENT GRANTS - - - - - #DIV/0! PROPERTY ENHANCEMENT INCENTIVE $10,000 matching grant program 29,445 60,000 60,000 - 0.0% TOTAL 56-PROPERTY ENHANCEMENT GRANTS 29,445 60,000 - 60,000 - 0.0% PORTER PARK EAST Porter and Miracle League Field Project - #DIV/0! TOTAL 54-PORTER PARK EAST - - - - - #DIV/0! TOTAL 4B FUND EXPENDITURES 272,715 291,747 86,020 294,542 2,795 1.0% REVENUE OVER/UNDER EXPENDITURES 592,818$ 714,753$ 466,354$ 711,958$ (2,795)$ -0.4% Cash in Bank - Checking 212,319$ Certificate of Deposit 303,581$ Claim on Cash 2,557,337$ TOTAL CASH 3,073,237$ VARIANCE 4B - SANGER TEXAS DEVELOPMENT CORPORATION 2025-2026 Budget Worksheet 76-ECONOMIC DEVELOPMENT 8 Item 2. Page 1 of 3 Sanger Economic Development (4B) - Revenue and Expenditure Line Items Estimated Revenues  4B Sales Tax Revenue  Primary funding source allocated to economic development.  Interest Income  Earnings from bank deposits or investments of unused funds. Expenditures  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  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.  Computer Hardware & Software Tech support for operations:  Hardware: Computer, printers, accessories  Software: Licensing, web hosting, and technical support for digital tools and the website  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 9 Item 2. Page 2 of 3 o Texas ED connections o Others.  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.  Repairs & Maintenance  Repair and maintenance to office building  Lease Equipment  Copier and Printer lease expenses  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)  Retail Recruitment  Outside Legal Services  Legal consultation services, research, opinions, agreements, etc.  Technical Services  IT support for the office network and systems 10 Item 2. Page 3 of 3  Promo/Community Event Grant  Grant for events that promote community engagement  Property Enhancement Incentive Program  Matching grant program  Porter Park East Project  Porter and Miracle League Field Project 11 Item 2. 4B DEVELOPMENT CORPORATION COMMUNICATION DATE: May 29, 2025 FROM: Shani Bradshaw, Director of Economic Development. AGENDA ITEM: Financial Reports. SUMMARY:  Revenues and expenditures reflect activity from October 1, 2024, through April 30, 2025.  Sales Tax Collection for April 30, 2025. FISCAL INFORMATION: Budgeted: NA Amount: NA GL Account: NA RECOMMENDED MOTION OR ACTION: NA ATTACHMENTS: Monthly Financial Report – April 30, 2025 Sales Tax Report – April 30, 2025 12 Item 3. Percent Budget Actual of Budget Revenue Sales Tax 962,500 509,003 53% Interest Income 44,000 43,371 99% Grants Total Revenue 1,006,500 552,375 55% Expenditures Salaries and Benefits 119,641 41,944 35% Transfer to Debt Service Fund 195,000 195,000 100% Supplies and Materials 50,205 32,064 64% Maintenance and Operation 900 494 55% Contract Services 61,000 11,518 19% Grant Expenses 60,000 - 0% Capital Outlay - Total Expenditures 486,746 281,020 58% Revenues Over Expenditures 519,754 271,354 Cash in Bank - Checking 212,319.34$ Certificate of Deposit 303,580.80$ Claim in Cash 2,557,336.64$ Total Cash 3,073,236.78$ April 30, 2025 Fund 4B Sanger Texas Development Corporation 13 Item 3. 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 59,146 509,003 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 636,104 636,104 695,965 695,965 756,232 756,232 825,750 825,750 509,003 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 $ 59,146 $ 45,186 31%$ 509,003 $ 472,483 8% Year To Date Sales Tax Report - April 2025 April Sales Tax Collection 636,104 695,965 756,232 825,750 509,003 0 200,000 400,000 600,000 800,000 1,000,000 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 Sales Tax Revenue 2020-2025 14 Item 3.