07/26/2010-4B-Minutes-Regular (2)MINUTES: 4B SANGER TEXAS DEVELOPMENT CORPORATION
July 26, 2010
MEMBERS
PRESENT: John Payne, Will Dutton, Barbara Martin and Christy Crutsinger
MEMBERS
ABSENT: Jeff Springer, Beverly Branch
OTHERS
PRESENT: City Manager Mike Brice, City Secretary Tami Taber
1. CaU Meeting to Order.
President Payne caUed meeting to order at 6:00p.m.
2. Approve Minutes: March 22, 2010
Motion was made by Barbara Martin to approve minutes as presented. Seconded by
Will Dutton. Motion carried unanimously.
3. Discussion and Possible Action on Election of Officers.
Beverly Howard made a motion to retain current officers in their current positions.
Seconded by Will Dutton. Motion carried unanimously.
4. Discussion and Possible Action on Approving Fiscal Year 2010/2011 Budget.
Will Dutton made a motion to approve. Seconded by Beverly Howard. Motion carried
unanimously.
S. Project Update:
a) Sports Complex
Working out final details of bid specs with the architect and construction manager.
6. Discussion of Future Projects.
City Manager advised that at the last City Council meeting, there was a discussion on
the Bolivar Water building for sale but the Council is not interested at this time.
Other ideas were a new animal shelter, splash park or recreation center. City
Manager advised the 48 members that there is currently $150,000 to $200,000 in the
bank uncommitted right now.
Discussion on why the pool had closed, what exactly a splash park is and what it
requires to operate. Also, a discussion on a new animal shelter which would be funded
by the City but the Council may approach to help assist with funding.
7. Review Financials.
The sales tu revenue has still been down a little in June and July, but yet recovering
slowly. It is down approximately 7% to 8%.
There is currently over $680,000 in the bank which includes certificates of deposit. A
bond payment of $180,000 for the new sports complex will be transferred out soon.
Projected revenues are at $230,000.
8. Adjourn.
Motion was made by Barbara Martin to adjourn. The motion was seconded by
Beverly Howard. Motion carried unanimously.
Meeting adjourned at 6:14 p.m.