04/14/2008-4B-Minutes-RegularMINUTES: SANGER TEXAS DEVELOPMENT CORPORATION
April 14, 2008
MEMBERS
PRESENT: Vice-President John Payne, Barbara Martin, Beverly Branch, and Glenn Ervin
MEMBERS
ABSENT: Jeff Springer
1. Call Meeting to Order.
Vice-President John Payne called meeting to order.
2. Approve Minutes: March 24, 2008
Motion was made by Beverly Branch to approve the minutes as presented. Seconded
by Glenn Ervin. Motion carried unanimously.
3. Discussion and Possible Action on Appointment of Officers.
Barbara Martin made the motion to appoint John Payne as President. Seconded by
Beverly Branch. Motion carried unanimously.
Motion was made by Glenn Ervin to appoint Beverly Branch as Vice-President.
Seconded by Barbara Martin.
Barbara Branch made a motion to nominate Glenn Ervin as Vice-President. Seconded
by John Payne.
President John Payne asked for a secret ballot.
The vote was 3-1 by secret ballot to appoint Beverly Branch as Vice-President.
4. Review Financials.
City Secretary gave a brief update on the financials. She advised the total monies held
in the checking, money market and certificates of deposits totaled $777,038.43.
Brief discussion concerning the Trial Balance.
5. Executive Session: Pursuant to Open Meetings Act, Chapter 551, Texas Government
Code, Subchapter D, 551.072 Deliberations Regarding Real Property
(a) Possible Purchase of Real Property
6.
President Payne convened the Board into Executive Session at 6:13 p.111.
Reconvene: Into Regular Session and Consider Action, if any, on Items Discussed in
Executive Session.
President Payne reconvened Council from -Executive Session at 6:38 p.m.
There was no action taken.
7. Adjoumment.
Prior to adjoumment City Manager advised if the Board members needed to add any
item to the agenda, call him and he will make sure it is on the agenda.
President Payne asked if there was any update on the downtown project.
City Manager advised that the City Council approved the bid last Monday. We are in
the process of getting the bonds before they are allowed to start.
Brief diseussion eonceming Sanger Sellabration and hoping the project will be
completed before that event takes place.
Beverly Branch made the motion to adjoum the meeting. Seconded by Barbara
Martin. Motion carried unanimously.