HomeMy WebLinkAbout06/28/1999-4A-Agenda Packet-Regular•· •·-.
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AGENDA
4A CORPORATION
MONDAY, JUNE 28,1999
6:00 PM
201 BOLIVAR
1. Call Meeting to Order.
2. a)
b)
CONSENT AGENDA
Approve Minutes: March 22, 1999
Disbursements.
3. Any Other Such Matters.
4. Adjourn.
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Date and Time Posted
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.
2. 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 he 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 had 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 how 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.
4ABOARD
UPCOMING EXPENSE:
Samantha Renz
secretarial/June $100.00
6-24-1999 4:58 PM 6/L DETAIL LISTING PAGE: 1
FUND : 4A -SANGER INDUSTRIAL DEV. PERIOD: 10/1998 THRU 6/1999
DEPT : N/A ACCOUNTS: 00-1010 THRU 00-1010ZZZZZZZ
DATE POST TRAN 11 REFERENCE DESCRIPTION VEND INVOICE P.O.1 NOTE ===AMOUNT=== =BALANCE=
00-1010 CASH
B E 6 I N N I N G BALANCE 0.00
12/31/98 1/21 B18301 DEP SALES TAX 000'263 7!376.62 7,376.62
12/31/98 1/21 B18401 CHECK DELUXE CHECKS 000264 111. 50CR 7,265.12
12/31/98 1/21 818401 CHECK DELUXE CIECKS 000264 22.50CR 7,242.62
DECEMBER ACTIVITY DB: 7,376.62 CR: 134.00CR 7,242.62
1/15/99 2/24 821501 DEP SALES TAX 000302 6,691.04 13,933.66
1/31/99 3/20 823901 CHECK 1001 CITY llF SANGER REIMB 000333 124.50CR 13,809.16
1/31/99 3/20 823901 CIECK 1002 CITY OF SANGER SF 000333 409.06CR 13,400.10
1/31/99 3/20 B23901 CIECK 1003 ATTORNEY GENERAL 000333 48.72CR 13,351.38
JANUARY ACTIVITY DB: 6,691.04 CR: 582.28CR 6,108.76
2/22/99 3/01 821701 CHECK 1004 MUIR AGENCY 000304 100.00CR 13,251.38
2/22/99 3/01 821701 DEPOSIT SALES TAX 000304 9,806.45 23,057.83
2/26/99 3/20 824001 CHECK 1005 SAMANTHA RENZ 000334 100.00CR 22,957.83
-FEBRUARY ACTIVITY DB: 9,806.45 CR: 200.00CR 9,606.45
3/10/99 3/20 824201 DEPOSIT FR DIS. OF IND. CORP. 000338 189.59 23,147.42
3/20/99 3/20 824101 DEPOSIT SALES TAX MARCH 000335 6,700.02 29,847.44
3/22/99 4/19 826801 CHECK 1006 SAMANTHA RENZ 000369 100.00CR 29,747.44
3/31/99 4/19 826901 INTEREST INTEREST EARNED 000370 1.62 29,749.06
MARCH ACTIVITY DB: 6,891.23 CR: 100.00CR 6,791.23
4/13/99 4/19 826601 DEP SALES TAX 000365 10,075.18 39,824.24
4/30/99 5/24 833701 CHECK 1007 SAMANTHA RENZ 000457 100.00CR 39,724.24
4/30/99 5/24 B33701 INTEREST INTEREST 000457 28.86 39,753.10
APRIL ACTIVITY DB: 10,104.04 CR: 100.00CR 10,004:04
5/24/99 5/24 833801 CHECK 1008 SAMANTHA RENZ 000458 100.00CR 39,653.10
5/24/99 5/24 833801 DEPOSIT ~S TAX FOR MAY 000458 9,970.22 49,623.32
5/31/99 6/18 836101 INTEREST INT. EARNED THRU MAY 000487 37.57 49,660.89
MAY ACTIVITY DB: 10,007.79 CR: 100. 00CR 9,907.79
6/14/99 6/24 B37101 DEPOSIT JUNE SALES TAX 000499 7,392.45 57,053.34
JIJE ACTIVITY DB: 7,392.45 CR: 0.00 7,392.45
ACCOlffl TOTAL DB: 58,269.62 CR: 1,216.28CR
f-¼-f-f•-f--f-rl-f-1-f-l-000 ERRORS IN THIS REPORT! t ••-rt-f-rf-f-rl-f-rf
ff REPORT TOTALS ff -DEBITS --CREDITS -
BEGINNING BALANCES: 0.00 0.00
REPORTED ACTIVITY: 58,269.62 1,216.28CR
ENDING BALAtCES: 58,269.62 1,216.28CR
*** END OF REPORT tH
6-24-1999 05:05 PM C I T V 0 F SANGER PAGE: 1
TRIAL BALANCE
AS OF: JUNE 24, 1999
4A -SANGER INDUSTRIAL DEV.
fHf MONTH TO DATE fHt tfffi VEAR TO DATE*****
ACCOUNT NOi TITLE DEBITS CREDITS DEBITS CREDITS
ASSETS
00-1010 CASH 7,392.45 57,053.34
LIABILITIES AND FUND ~CE
REVENUES
00-4425 STATE SALES TAX 7,392.45 58,011.98
00-4800 INTEREST INCOME 0.00 68.05
00-4940 DONATIONS 0.00 189.59
ENSES
00-5000 CHECK CHARGES 0.00 134.00
00-5210 OFFICE SUPPLIES 0.00 233.56
00-5225 BOOKS SUBSCRIPTION 0.00 48.72
00-5410 INSURANCE 0.00 100.00
00-5420 CONTRACTUAL SERVICES 0.00 700.00
fH TOTALS fH 7,392.45 71 392.45CR 58,269.62 58, 269. 62CR
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AGENDA
4A CORPORATION
MONDAY, MARCH 22,1999
6:00 PM
201 BOLIVAR
1. Call Meeting to Order.
2. a)
b)
CONSENT AGENDA
Approve Minutes: February 22, 1999
Disbursements.
3. Any Other Such Matters.
4. Adjourn.
Rosalie Chavez, City Secreta
MINUTES: 4A Corporation
February 22, 1999
PRESENT: Joe Skiles, Mike James, Carroll McNeill, Garland Thornton
ABSENT: Frank Ballard
OTHERS
PRESENT: City Administrator Jack Smith, Administrative Secretary Samantha Renz
1. President Joe Skiles called meeting to order.
2. a)
b)
Approve Minutes: January 25, 1999
Disbursements
A motion was made by Mike James to approve the Consent Agenda.
Seconded by Garland Thornton.
Motion Carried unanimously.
3. Consider and Possible Action on Nucor Incentives.
Joe Skiles indicated he would abstain from discussion, being that he had personal
interest in this item.
City Administrator, Jack Smith, indicated Nucor had come to town last October, they are
a company that manufactures the steel for steel buildings, they looked at property off of
Lois Rd. East. Joe Skiles and his partner own that piece of property. Mr. Smith
indicated he had been told the property would sell for $7500.00 per acre, but the owners
of the property have offered to sell it for $3750.00 per acre.
Mr. Smith indicated they were working with Denton County to offer Nucor some type
of package. He indicated the City of Sanger does not want to give a tax abatement, but
Denton County will offer them a tax abatement.
Mr. Smith indicated the City had a grant-writer, and Nucor will apply for the Texas
Capital Fund Grant. If they get the grant the state will pay for half of the roads, and
some of the other costs, the 4A Corporation may pay for the rest.
Mr. Smith indicated Jeff Krueger and Judge Mosely had already been in contact with the
state concerni:t;1g the ramp going to Lois Rd.
Mr. Smith indicated Nucor will make a decision by March 4, 1999 as to which city they
will build this new site in. He indicated he had downloaded some information from the
internet concerning the company and in the last nine months they had over four ( 4)
billion dollars in sales.
Garland Thornton asked Mr. Smith what the plan was at this time.
Mr. Smith indicated he did not know how fast they wanted to build, but he knew they
wanted to move quickly, the earliest they can apply for the grant is the end of April.
Garland Thornton asked how how much they anticipated asking for.
Mr. Smith indicated the total cost would be over $500,000.
Discussion concerning utilities and planning for growth.
Discussed location of building site on the property.
Carroll McNeill asked if they had to spend some money prior to receiving the grant if
they could get that money back through the grant.
Mr. Smith indicated they could not.
Discussed what size the building would be, Mr Smith indicated 215,000 square feet.
Discussed revenues into schools and into the city.
Mr. McNeill asked if TNRCC would be involved at all.
Mr. Smith indicated there would need to be some permits that Nucor will get from them.
Mr. McNeill asked how much road they would need put in.
Mr. Smith indicated about 1/4 of a mile.
Discussed type of road, and size of trucks.
Discussed finances, and how the 4A Corporation might go about getting the money to
match the grant.
Discussed benefit to city.
Mr. Smith indicated he wanted to explain everything to them, and let the board make a
decision that they could proceed with the project. He indicated the city can not give
away money or land, they can give tax abatements, or labor and materials, but not
money.
Mr. McNeill asked if they could get some type of commitment form the company that
they will be here for a minimum of five to seven years.
Mr. Smith indicated this is a billion dollar company, and most likely they will not build
a building over 200,000 square feet and walk away.
Mike James indicated they should make some type of agreement that if the property is
sold to another company that the 4A Corporation is reimbursed for the value of the land.
Garland Thornton indicate that they realistically could walk away from it any time they
wanted to.
Discussion.
Discussed Grant.
Mr. Thornton indicated that Kim Lacey had been unsuccessful in getting them the grant
for the park, and indicated they should be sure that is who they want to use to write the
grant application for them.
Discussion.
Mike James indicated Ms. Lacy had all the right credentials, the knowledge and contacts.
Mike James indicated as a board they should decide if this is the first project they want
to pursue, and indicated he thought it was a good idea.
Discussion.
Discussed revenues to the city form the business.
Board agreed this was the first project they wanted to pursue.
Garland Thornton moved to pursue the grant for this project.
Mike James seconded.
Motion Carried, Joe Skiles abstained.
4. Any Other Such Matters.
Garland indicated he had received a bond for $20,000.00, the annual premium is
$100. 00, and he will leave it with the city.
Discussion concerning grant application and packet.
5. Meeting Adjourned.
4A BOARD
UPCOMING EXPENSE:
Samantha Renz
secretarial/March $100.00
3-19-'i9 1: 54 PM G/L DETAIL LISTING PAGE: 1
' FUND : 4A -SANGER INDUSTRIAL DEV. PERIOD: 10/98 THRU 3/95'
DEPT : N/A ACCOUNTS: THRU ZZ-ZZZZZZZZZZZ
DATE POST TRAN t REFERENCE -·--------DESCRIPTION----------VEND INVOICE P, 0, t NOTE =====AMOUNT==== ====Bt,LANCE===:-::
0-1010 CASH
B E G I N N I N G B A L A N C E 0.00
12/31/98 1/21 B18301 DEP SALES TAX 000263 7,376 .. 62 7,376.62
12/31/98 1/21 818401 CHECK DELUXE CHECKS 000264 111.50CR 7,265.12
12/31/98 1/2i 818401 CHECK DELUXE CHECKS 000264 22,50CR 7,242.62
-------------CECEMBER ACTIVITY OB: 7,376.62 CR: 134.00CR .., '1A'1 i.·1 f .11-"il-I UL.
1/1.5/99 2/24 821501 CEP SALES TAX 000302 6,691.04 13,933, l,6
1/31/99 3/20 823901 CHECK 1001 CITY OF SANGER REIMB 000333 124.50CR 13,809.1.6
1/31/99 3/20 B23901 CHECK 1002 CITY OF SANGER GF 000333 409.06CR 13,400.10
1/31/99 3/20 823901 CHECK 1003 ATTORNEY GENERAL 000333 48.72CR 13,35-1.,38
-------------JANUARY ACTIVITY OB: 6,691.04 CR: 582.28CR 6,108.76
2/22/99 3/01 821701 CHECK 1004 MUIR AGENCY 000304 100.00CR 13 ,251.3:3
2/22/99 3/01 821701 DEPOSIT SALES TAX 000304 9,806.45 23,057.83
2/26/99 3/20 824001 CHECK 1005 SAMANTHA RENZ 000334 100.00CR 22,?57.83
-------------FEBRUARY ACTIVITY DB: 9,806.45 CR: 200.00CR 9,606.45
3/10/99 3/20 824201 DEPOSIT FR DIS.OF IND.CORP. 000338 189,59 23,147.42
3/20/99 3/20 824101 DEPOSIT SALES TAX MARCH 000335 6,700.02 29,847.44
-------------MARCH ACTIVITY OB: 6,889.61 CR: 0.00 6,889.61
--------------ACCOUNT TOTAL OB: 30,763.72 CR: 916.28CR
-------.. --------------·-------------------------------·--------------------------------------------------------·------------------------
"0-4425 STATE SALES TAX
B E G I N N I N G B A L A N C E
12/31/98 1/21 818301 DEP SALES TAX 000263
-------------OECEM~ER ACTIVITY 08: 0.00 CR: 7,376.62CR
1/l.5/99 2/24 821501 OEP SALES TAX 000302
-------------JANUARY ACTIVITY OB: 0.00 CR: 6,691.04CR
2/22/99 3/01 821701 DEPOSIT SALES TAX 000304
-------------FEBRUARY ACTIVITY OB: 0.00 CR: 9,806,45CR
3/20/99 3/20 B24101 OE POSIT SALES TAX MARCH 000335
-------------MARCH ACTIVITY OB: 0.00 CR: ,5, 700, 02CR
-------·------ACCOUNT TOTAL OB: 0.00 CR: 30,574.13CR
-------·--------------------------------------------------·------------·-----------------------------------
00-4940 OONfiTIONS
B E G I N N I N G B A L A N C E
3/10/99 3/20 B24201 DEPOSIT FR DIS.OF IND.CORP,
MARCH ACTIVITY OB: 0.00 CR:
000338
189.59CR
7,376.62CR
7,376.62CR
6,691.04GR
6,69l..04CR
9,806.45CR
9,806.45GR
6,700.02CR
6,700.02CR
189$CR
189.59CR
0.00
7,376.62CR
14,067.66CR
23,874,HCR
30,574.13CR
0.00
189.59CR
3-19-99 1: 54 PM G/L DETAIL LISTING PAGE: r,
i.
FUND : 4A -SANGER INDUSTRIAL DEV, PERIOD: 10/98 THRU 3/99
DEPT : 00 ** INVALID DEPT ** ACCOUNTS: THRU ZZ-ZZZZZZZZZZZ
DATE POST TRAN i REFERENCE =========DESCRIPTION========== VENO INVOICE P, 0, t NiJTE =====AMOUNT==== ====BALANCE=:===
·'l-5000 CHECK CHARGES
12/31/98 1/21 818401 CHECK
12/31/98 1/21 818401 CHECK
B E G I N N I N G B A L A N C E
DELUXE CHECKS
DELUXE CHECKS
DECEMBER ACTIVITY OB:
00··5210 OFFICE SUPPLIES
1/31/99 3/20 823901 CHECK 1001
U:31/99 3/20 P.23901 CHECK 1002
B E G I N N I N G B A L A N C E
CITY OF SANGER REIM NAME PLTS
CITY FOR REIM MH!UTE BOOK
134.00
JANUARY ACTIVITY DB: 233. 56
00-5225 BOOKS SUBSCRIPTION
1/31/99 3/20 823901 CHECK 1003
·i, ~, ~
00-5410 INSURANCE
9 3/01 821701 CHECK 1004
B E G I N N I N G B A L A N C E
ATTORNEY GENERAL
JANUARY ACTIVITY OB:
C E G I N N I N G B A L A N C E
MUIR AGENCY
FEBRUARY ACTIVITY OB:
48.72
100.00
CR:
CR:
CR:
CR:
000264
000264
0.00
000333
000333
0,00
000333
0.00
000304
0.00
111. 50
22,50
134.00
124.50
109.06
233156
48.72
48,72
100.00
100,00
0.00
111.S0
134.00
0.00
124.50
233.56
0,00
48. 72
0.00
100, 01)
------------·----------------------------------------------------------------------------------------------·--------------------------..
00-5420 CONTRACTUAL SERVICES
B E G I N N I N G B A L A N C E 0.00
1/31/99 3/20 823901 CHECK 1002 CITY FOR REIM MINUTE BOOK 000333 300.00 300.00 _____________ ,. ___ JANUARY ACTIVITY DB: 300.00 CR: 0.00 300.00
2/26/99 :3/20 824001 CHECK 1005 SAMANTHA RENZ 000334 100.00 400.00 _________ ,. ____ FEBRUARY ACTIVITY DB: 100.00 CR: 0.00 100,00
--·--·---------ACCOUNT TOTAL DB: 400,00 CR: 0,00
000 ERRORS IN THIS REPORT!
** REPORT TOTALS** --DEBITS ----CREDITS --
BEG INN ING BALANCES: 0.00 0.00
REPORTED ACTIVITY: 31,680.00 31,680.00CR
EMO ING BALANCES: 31,680.00 31,680.00CR
*** END OF REPORT H*
' . . 3-19-99 01:57 PM
,1A -SANGER INDUSTRIAL DEV,
ACCOUNT NOf TITLE
ASSETS
00-1.010 CASH
LIABILITIES AND FUND BALANCE
REVENUES
EXPENSES
00-4425 STATE SALES TAX
00-4940 DONATIONS
00-5000 CHECK CHARGES
00-5210 OFFICE SUPPLIES
OO-'.i225 BOOKS SUBSCRIPTION
00··5410 INSURANCE
00-5420 CONTRACTUAL SERVICES
*** TOTALS ***
C I T Y O F S A N G E R
TRIAL BALANCE
AS OF: MARCH 31ST, 1999
**** MONTH TO DATE H:H
DEBITS CREDITS
6,889.61
6,700.02
189.59
0,00
o.oo
0.00
0.00
0.00
6,889.61 6,889.61CR
***** YEAR TO OATE *****
OE BITS CREDITS
29,847.44
30,574.13
189.59
134.00
233.5~
48.72
100.00
400.00
30,763.72 30,763. 72CR
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