03/22/1999-4A-Minutes-Regular2.
MINUTES: 4A CORPORATION
MARCH 22,1999
PRESENT: Joe Skiles, Frank Ballard, Carroll McNeill, Garland Thornton, Mike James
OTHERS
PRESENT: City Administrator Jack Smith, City Secretary Rose Chavez, Administrative
Assistant Samantha Renz
1.. Joe Skiles Called Meeting to Order.
a)
b)
CONSENT AGENDA
Approve Minutes: February 22, 1999
Disbursements.
Garland Thornton moved to approve the Consent Agenda.
Mike James Seconded.
Motion Carried, Frank Ballard Abstained because be was absent at the last meeting.
3. Any Other Such Matters.
a)Discussed if Nucor was still interested in Sanger.
City Administrator, Jack Smith, indicated the school board bad taken a straw vote, and
indicated at the next meeting they would give Nucor a 7.5% tax abatement, and they
would approve the freeport tax exemption.
Discussed EPA ratings in the area.
b )Garland Thornton indicated the last deposit on the report in his packet was not
reflected in the bank.
City Secretary indicated she had made the deposit that day, it should be posted by
tomorrow.
c)Frank Ballard indicated, in the future, they should think a head of time, and maybe
get some sort of guidelines to know bow much jobs are worth. They need to decide
what is too much to give for a company to come to Sanger.
Carroll McNeill asked how they could arrive at guidelines.
Discussion.
Garland Thornton indicated they could read the abatement policies of other cities.
Discussed abatement policies of other cities.
Discussed revenues from Industries and the difference in how it affects the school board
versus the 4A Board.
Discussed 7.5% tax abatement proposed by school board.
Discussed Seminar on economic development, board agreed they would pay for
members to go, if any member elected to attend.
4. Meeting Adjourned.
Approved