06/18/2012-CC-Minutes-RegularMINUTES: CITY COUNCIL MEETING
June 18, 2012
PRESENT:Mayor Thomas Muir,Councilmember Marjory Johnson,Councilmember
Russell Martin,Councilmember Scott Stephens, Councilmember Gary
Bilyeu and Councilmember Rusty Patton
ABSENT:Tami Taber, City Secretary
OTHERS
PRESENT:Mike Brice, City Manager, Cheryl Price, Deputy City Secretary,Bill Wright,
Kelli Alexander, Sam Alexander, Ted Christensen, Government Capital
1.Call Meeting to Order, Invocation, Pledge of Allegiance.
Mayor Muir called the meeting to order at 7:02 p.m.Councilmember Johnson led
the Invocation followed by Councilmember Patton leading the Pledge of Allegiance.
2.Citizens Input:
(Citizens are allowed 3 minutes to speak. The City Council is unable to respond or to
discuss any issues brought up during this section).
Kelli Alexander spoke about the City’s adoption rate.
Sam Alexander spoke about ways to improve the animal adoption rate by making
the animals more accessible to the public.
Bill Wright was recognized and spoke about his concern regarding the standards of the
construction of the City water lines and the installation of the fire hydrants.
CONSENT AGENDA
3.a)Approval of Minutes:June 4, 2012 -Work Session
June 4, 2012 -City Council
b)Disbursements
Councilmember Bilyeu made a motion to approve the Consent Agenda as presented.
Motion seconded by Councilmember Patton. Motion carried unanimously.
4.Consider any Items Removed From Consent Agenda.
None.
REGULAR AGENDA
5.Consider, Discuss and Possibly Act on Approving a Resolution of the Adoption by
the Sanger, Texas Industrial Development Corporation of a Resolution Authorizing
the Issuance of the Sanger, Texas Industrial Development Corporation Industrial
Development Revenue Bonds, Series 2012 (Texas Pellets Project), Approving and
Authorizing an Indenture of Trust, a Loan Agreement, a Limited Offering
Memorandum, a Private Placement Memorandum, a Tax Certificate and
Agreement, Contracts of Purchase, Authorizing the Execution of Documents and
Instruments Necessary or Convenient to Carry out the Issuance of the Bonds and
Other Matters in Connection Therewith.
Ted Christensen,Government Capital was recognized to explain the project. He
advised that these types of projects are typically done through the Sanger Cultural
Development Corporation. This project is through the IDA. This project has a 4A
and 4B requirement and the city of Sanger is one of the few cities that have
everything up to date with the Secretary of State. This project is different than past
projects because this project is to bring jobs to the State of Texas. This is a 200
million project for a German Company called German Pellets. They are creating a
subsidiary in Texas called Texas Pellets. What they do is take wood products and
waste and create wood pellets that are used in power generation. The pellets are in
huge demand in Europe and are going to be exported to Europe for use in power
plants and homes. The reason the State is interested in this project is that it brings
jobs to Texas and utilizes waste that would otherwise be put into landfills. He
explained that there is no personal liability for any of the board members and it
indemnifies the IDA, all of the board members and employees. The benefit to the
City is going to go directly to the IDA. We normally get $10,000 to the City but
since they were doing a Series A and a Series B and he negotiated $20,000
explaining that it should be twice as much. They will be funding in mid-July and
then issue the IDA a check.
Mr. Christensen answered a few technical questions regarding the conduit.
Councilmember Martin made a motion approving Resolution R#05-07-2012
Authorizing the Issuance of the Sanger, Texas Industrial Development Corporation
Industrial Development Revenue Bonds, Series 2012 (Texas Pellets Project)as
presented.The motion was seconded by Councilmember Johnson. The motion
carried unanimously.
6.INFORMATION ITEMS:
a) Library Report -May
b) ATMOS Energy Rider GCR -Rate Filing Under Docket No. 9762
There was no discussion on the Information Items.
7.Adjourn.
Mayor Muir adjourned the meeting at 7:47 p.m.