07/10/2000-4A-Minutes-Regular•
Minutes:
Members
Present:
Members
Absent:
4A Sanger Texas Industrial Development Corporation
July 10, 2000
Frank Ballard, Carroll McNeill, Vicki Jenkins, and Richard Muir
Mike James
1. Chairperson Frank Ballard called meeting to order.
2. Consider and Possible Action on Land Transfer on Wal-Mart Economic Development
Project.
Jack Smith, City Manager addressed the Board concerning the letter he received from
Wal-Mart's attorney, Robert A. McCulloch.
Lengthy discussion followed There were concerns expressed as to the rollback taxes,
title fees and the breaking of the lease with the Schertz's family.
Jack Smith indicated at some point in the future Wal-Mart will contact the 4A Board in
reference to the $1,000,000.00 check.
Vicki Jenkins expressed concerns regarding property passing through the 4A Board to
Wal-Mart, then at some point the appraisal district may come back and say this is where
the roll back taxes were assessed and send the 4A Board the bill for taxes and the Board
would be left with the bill, and at that point there wouldn't be anything the 4A Board
could do but pay the taxes.
Discussion followed about taxes.
Richard Muir stated that at the same time the deed is signed from the 4A Development
Corporation to Wal-Mart that they give a letter that says who will be responsible for the
payment of the taxes. That way it is in writing who will be the responsible party.
Vicki Jenkins stated concern that the 4A Development Board is not working with any
contracts stating who will pay for what.
Discussion continued regarding title companies.
Carroll McNeill inquired as to when this deal would be closed out.
Discussion continued with the lease the Schertz' s have on the land
Discussion continued as to how the motion should reacl.
Carroll McNeill made the motion as per attachment "A" the land that is conveyed to Sanger Texas
Industrial Development Corporation 4A by Dr. Wolski be transferred to Wal-Mart Stores/Inc.,
provided taxes, fees and all other costs excluding attorney fees by Sanger Industrial Development
Corporation 4A, arising from the need to review Dr. Wolski' s request and contingent upon approval
by Wal-Mart Stores/Inc., or one of its affiliated entities.
Richard Muir stated that the letter dated July 10, 2000, from Attorney Robert McCollough for Wal-
Mart, be added to the minutes as Attachment "A" in relation to his desires, the letter then becomes
an addendum.
Seconded by Richard Muir.
Motion carried unanimously.
Voting For: Richard Muir, Carroll McNeill, Vicki Jenkins, Frank Ballard
Discussion followed. The Board instructed City Manager to send a letter to Wal-Mart
indicating that on July 10, 2000 the 4A Sanger Industrial Board met the following motion was
made contingent upon Wal-Mart's approval.
3. Any Other Such Matters
a. City Secretary presented a bill from the offices of attorneys Nichols, Jackson,
Dillard, Hager & Smith concerning legal fees incurred regarding inducement
contract with Wal-Mart, condemnation letter, and the Capital Fund Grant
requirements.
The Board reviewed the statement and instructed the staff to pay the
disbursements.
b. Jack Smith, City Manager reported Tri-Con (PiZ7.3 Hut, Kentucky Fried Chicken
and Taco Bell) Corporation came in today. Their first choice is between Sanger
Bank and the new McDonalds. Their second choice would be north of Jack in the
Box. They want to be close to a fast food business.
c. Carroll McNeill asked if there was any contact concerning the "green building".
Jack indicated no one had contacted him yet. Carroll indicated he is trying to
work on bringing a nice restaurant to that site.
4. Adjourment