03/23/2015-4B-Minutes-Regular
MINUTES: 4B Development Corporation
March 23, 2015
PRESENT: John Payne, Beverly Branch, Beverly Howard, Will Dutton, Christy Crutsinger, and Jeff Springer
ABSENT:
OTHERS
PRESENT: Mike Brice, City Manager Alina Ciocan, Economic Development Director; Jennifer Shumate,
Administrative Assistant
1. Meeting called to order.
John Payne called the meeting to order at 5:59pm.
2. Approve Minutes: January 26, 2015.
• Motion made by Beverly Branch to approve minutes as presented. Motion seconded by Will Dutton.
Motion carried unanimously.
3. Discuss Financial Priorities for Future Park Development.
• A decision was made by all to combine all agenda items into one discussion. So item 3, 4, and 5 were all
discussed at one time.
• Financials were reviewed with a determination that about $83,500.00 is available to spend each year with
about $479,000.00 currently in the bank available to spend. However, it was reminded b y Mr. Brice that
approximately $250,000.00 was committed to a CD to save for future use a few years ago. With this
savings commitment that leaves approximately $249,000.00 available.
• Both bond payments owed by the 4B Development Corporation will both be o n the books until the mid-
2020’s.
• The 4 Acres of Park Land that was previously discussed is no longer available to the City of Sanger due
to the cost of the land verses the actual valued cost according to the developer.
• The land on the East side of 35 that is reserved for park use is going to total approximately 4 million
dollars with the possibly phase 1 being ball fields priced at approximately 2 million.
• Mr. Brice and Mrs. Cican are looking for direction on what the board would like to do – save money for a
few years to pay down bond payments or do smaller projects in the interim.
• The question was asked if Switzer Park was completed and the answer from the City Manager was that
yes, Switzer Park was completed.
• Mike Brice feels that there is a push to focus on the Park at Sable Creek or even the possibility of a skate
park with a currently unknown location.
• Mr. Dutton stated concerns about having parks and park updating go stale for 10 years while we wait for
bond payments to be paid. He feels the City needs more already. On the flip side of this argument Mr.
Payne worries that doing “nickel and dime” projects here and there sets us further away from the big
project that will help draw people into the City of Sanger and the current residents. The question was
asked by John Payne if the priorities could be adjusted to show progress at the Park East of I35 while still
staying in the current budget. Mr. Brice advised that soccer fields, for instance, could be installed rather
than baseball fields to show movement at the park while staying in budget. Lighting walking paths along
with a parking lot was also discussed as an option for this currently unused park space.
• The Board would like to see updated costs on 1) 3,500 L.F. Hike and Pike Trail, 2) Playground Area, 3)
Parking Lot, 4) Pedestrian Bridge, and 5) Nine Hole Disc Golf Course to possibly be Phase 1 of this park.
• Mike Brice will review numbers and see what options we may have available to begin this park.
4. Consider, Discuss and Possibly Act on Purchase of Approximately 4 Acres of Park Land.
• Discussed in Item #3.
5. Review Financials.
• Discussed in Item #3.
6. Meeting Adjourned.
• Motion to adjourn at 6:30pm was made my Jeff Springer. Motion carried unanimously.