04/24/2000-4A-Agenda Packet-Regular.... ..
AGENDA
4A CORPORATION
MONDAY, APRIL 24, 2000
6:00PM
201 BOLIVAR
1. Call Meeting to Order.
2. a)
b)
CONSENT AGENDA
Approve Minutes: January 24, 1999
Disbursements.
3. Consider and Possible Action on Future Economic Development Project.
4. Any Other Such Matters.
5. Adjourn.
Date a~d Time posted
This facility is wheelchair accessible and accessible parking spaces are available. Requests
for accommodations or interpretive services must be made 48 hours prior to this meeting.
Please contact the City Secretary's office at (940) 458-7930 for further information.
i
MINUTES: 4A CORPORATION
JANUARY 24, 2000
PRESENT: Carroll McNeill, Joe Skiles, Frank Ballard, Mike James
ABSENT: Vickie Jenkins
OTHERS
PRESENT: City Manager Jack Smith, City Secretary Rose Chavez, Administrative
Assistant Samantha Renz, Lisa Hardy-Sanger Courier, Woodrow Barton, Joe
Higgs
1. Joe Falls Called Meeting to Order.
2. a)
b)
Approve Minutes:
Disbursements.
CONSENT AGENDA
September 27, 1999
Mike James moved to approve the Consent Agenda as presented.
Frank Ballard seconded.
Motion carried unanimously.
3. Appoint Secretary and Treasurer.
Carroll McNeill moved to appoint Vickie Jenkins.
Mike James seconded.
Motion carried unanimously.
4. Consider and Possible Action on Investing Funds in Certificate of Deposit.
City Manager indicated the 4A Funds are currently in a checking account and it draws
a small amount of interest. He indicated the 4B board had invested there funds in a six
month CD, and asked 4A to consider the same.
Discussed the interest rate.
Carroll McNeill asked what would be the penalty if they withdrew it early, for the
possible land purchase.
City Secretary indicated they may want to wait until the next item js,dis,cussed.
•
Discussion regarding investing in a CD and how it works.
Frank Ballard moved to move $120,000.00 to a CD at GNB for thirty days.
Carroll McNeill seconded.
Motion Carried unanimously.
5. Consider and Possible Action on Funding Land for Distribution Center, North of Lois
Road, East of 1-35.
Joe Skiles indicated he had an interest in the land, and would abstain from discussion
on this item.
City Manager indicated the City was approached in a workshop by Judge Wilson and
Jeff Krueger regarding a distribution center. He indicated the company's first choice
is Sanger, they want to locate on the 356 acres North of Lois Rd. He indicated the
person who has the contract on the land has some requirements, including that the
company could not be located on the frontage road. The company is a Fortune 100
company, will employee six hundred people, have twelve hundred car movements, and
seven hundred and fifty semi-truck movements a day. The county will give a twenty
five percent tax abatement and pay the school's twenty five percent.
Discussion regarding tax abatement's.
Discussion regarding if 4A Board wants to expend one million dollars to entice this
company to come to Sanger.
Discussion regarding View Road, and that it will be reworked.
Discussion regarding property taxes.
Discussed Capital Improvement Grant, and water & sewer lines to the property.
Carroll McNeill asked about the salary structure.
City Manager indicated the average would be $10.00 per hour.
Discussed distribution centers in other cities.
City Manager indicated if the 4A and the City agree to work with them, there will be
a meeting with representatives from the company in February.
City Manager indicated he needed to know if the Board felt like it was wo,rth ~ ~illion
dollars to bring this distribution center to Sanger.
•
Discussion regarding the distribution center.
Frank Ballard moved for the City Manager to check with the Economic Development
people and see to see if the Board could afford to do this and proceed if so.
Mike James seconded.
Motion carried unanimously.
6. Any Other Such Matters.
None.
7. Adjourn •
4ABOARD
UPCOMING EXPENSE:
Samantha Renz
secretarial/April $100.00
:+-2i)-aic0 4:34 PM Gil DETAiL L!STING ~AGE:
:=i.;ND : 4: -4A :GRPORAT!GN
·,~::ir lit:. ' ; ~4/A
PERIOD: 1M!999 Tl-iRU 10/2000
ACCCcN:3: TtiRi~ ZZ-ZZZZZZZZZZZ
---------~ESCR!PT!CN----------:JEND INVO!Ci: P, Q, it NOE =====AMOl:NT==== ====3ALANCE====
--------------------------------------------------------------------------------------------------------------------------
a E G I N N I N G B R L A ~ C E
:0i14/S5 10/21 B45101 DEPOSIT
10/25/5'3 11/lS 351501 CHECK 1014
ilii/31i5'3 11/lS 851301 INTEfiES:
11N8/S9 !l/15 351401 DEPOSIT
1 t/301'39 12i08 853001 Cl-ECK 1015
11/30/59 12/08 853001 INTEREST
12/31/99 1/21 B55001 DEPOSIT
12/31/99 1/21 855001 CHECK 1015
12/31/99 1/21 B55201 INTEREST
1/21/00 1/21 855101 DEPOSIT
1/21/00 1/21 B55101 CHECK 1017
31/00 2/21 B58801 INTEREST
2/22/00 2/21 658901 DEPuSIT
2/2.'3/00 3/16 863601 CHECK 1018
2/29/00 3/16 863601 CHECK 1019
2/29/00 3/16 B63601 INTEREST
--------------------------
.3/15/00 3/22 B64601 DEPOSIT
---==
SALES TAX FOR OCTOBER
SAMANTHA :tENZ
INTEREST FOR GC:GBER
OCTOBER ACTIVlTi DB:
SHLES TAX NOVEMBER
SAM RENZ
INTEREST FOR NOVEMBER
NOVEMBER ACTIVITY DB:
SALES TAX DEC
SAMANTHA RENZ
DECEMBER
8,9%.97
DECEMBER ACTIVITY DB: 12,684.75
SALES TAX JANUARY
SAMANTHA RENZ
INTEREST FOR JANUARY
JANUARY ACTIVITY DB: 8,186.59
SALES TAX
SNB INVESTMENT IN CD
SAMANTHA RENZ
EARNED FOR FEBRUARY
FEBRUARY ACTIVITY DB: 9,622.48
SALES TAX
MARCH ACTIVITY DB: 10,384.63
ACCOUNT TOTAL DB: 59,318.41
00-1~11 SANGER TX IND. DEV. CORP.
B E 6 I N N I N 6 B A L A N C E
2/29/00 3/16 Bf.3601 CHECK 1018 GNB INVESTMENT IN CD
----------FEBRUARY ACiIVITY DB: 120,000.00
00-1053 RECEIVABLE-OTHER
BEGINNING BALANCE
2/15/00 2/15 BS7701 MISC AUDITOR'S ADJUSTING JE
000645
000569
000667
CR: ~i0.30CR
000658
000687
000687
CR: 1~0.00£:R
000729
000729
000731
CR: 100.00CR
000730
000730
000776
CR: 100.00CR
000777
000833
000833
000833
CR: 120, 100. 00CR
000845
CR: 0.00
CR: 120, 500. 00CR
000833
CR: 0.00
000763
9.164.48
100.00CR
78.51
5,142.99
8!912.47
100.00CR
84.50
8,896.97
12,594.42
100,00CR
90,33
12,584.75
8,083.93
100.00CR
102.66
8,086.59
9,763.37
120, 000. 00CR
100.00CR
59.11
110,277. 52CR
10,384.63
10,384.63
120,000.00
120,000.00
9,164.48
87,128.78
%,293.26
%, 193. 2€,
96! 271. 77
105,184.24
105,084.24
105,168.74
117,763.16
117,663.16
117,753.49
125,837.42
125,737.42
125,840.08
135,603.45
15,603.45
15,503.45
15,562.56
25,947.19 ·
0.00
120,000.00
0.00
9,164.48
'
-··-····-··-----·-··-··-----=c=immat--fEBRUAAV-1~H-m·'Pl··-···DBt·-·-··•,-\-64·,-4&"""': . .,....c--R, . 0.00 ---'};464.48--····· ...... ... ---... .
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4-a-2000 4:24 ~M G/:.. DETAiL LISiiNG ;i=.GE: J
FUND 4: -4A CDRPQRAT !QN cfi:00: 10il3'3g THRU W2J00
DEPT Ni:~ ;ccc1jNTS: iHRU zz-zz:n:zzzn
D;:;E ~GS: rn:f'l it ~EF::;E!',iCE ---------:iE~,:~:;.noN----------JEND iN 1t',JICE P. o. ,j t-.OTE =====AMCUN:==== ====aALANCc====
----------------------------------------------------------------------------------------------------------------------
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CAi:: :,;::s: i~Al-i it ~E:=-E~ENCE ---------DE3CRI;i!ON----------
=L;ND 3Al..Ai'iCE
3 E 3 I N ~ ! ~ G 3 A ~ q N : E
;:,, J. :t ,'iGTC: =====A.MCLNT==== ====BAL~NCE====
~-:S4. 42C~
·3. (£4. ~2c~
37! 12B. 75CR
3£,293.25CR
----------------------------------------------------------------------------------------------------------------
STAE SALES TAX
B E G I N N I N 3 B A ~ A N C ::
:0, \:./59 10;2i 04'9101 fJE~·eSIT SALES TAX FGR OCTuffi 3~0&;;~
-------------GCTG3Ert ACTI!/!:Y ~B: J.20 ;:,i: 3, ~541 ~2C~
ll/08i39 1 ~/ lb 3514~1 JEPOSIT SALES TAX NOVEMBER ~0~H,3
------------NOVEMBE~ AC:1VITY DB: 0.00 L:1:: 8!912,47Crt
12i31/99 i/21 B55001 DEPOSIT SALES TAX DEC 000729
-------------DECEMBER ACTIVITY DB: 0.00 C~: 12,594.~2CR
1/21i00 1/21 ass101 DEPOSii SALES TAX JANUARY 000720
------------JANUARY ACTIVITY DB: 0.00 CR: 8,~3. '33CR
2i22/00 2121 35B501 DEPOSIT SALES TAX 000777
FEBRliARY ACTIVITY DB: 0.00 CR: l 752. 37CR
3/15/00 3/22 %46~1 DEPOSIT SALES TAX 000B-t5
-----------MARCH ACiiiJITY DB: 0.00 CR: 10,284.E.3CR
------------ACCOUNT TOTAL DB: 0.00 CR: 58,:03.30CR
-----------------------------------------------------------------
00--4800 iNTrnEST INCOME
3 E B I N N I ~ 5 B A L A N C E
10/31/99 :1/16 B51301 INTEREST
-------------------------
1 li30/99 12i08 353001 INTEREST
12/31/99 1/21 B55201 INTEREST
1 /31/00 2/21 858801 INTEREST
---2i?.9100 3115 BtJE.01-INTEREST
INTEREST FOR OCTOBER
OCTOBER ACT! V iTY DB:
INTEREST FOR NOVEMBER
NOVEMBER ACTIVITY. DB:
DECEMBER
DECEMBER ACTIVITY DB:
iNTEREST FOR JANUARY
JANUARY ACTIVITY DB:
-EARNED FOP FEBRUARY
FEBRUARY ACTIVITY DB:
-----------ACCOUNT TOTAL DB:
0.00
0.00
0,00
0,00
0.00
.... • ••• ..,. •• ,,._..,. --~~-'-~........ .....!'.., .• ••• ... ~-· _ ..... ...:. 11
000€.E,7
CR: 78.SlCR
000687
CR: 84.50CR
~00731
CR: '30.33CR
000776
CR: 102.66CR
_ _:__000533
CR: 59. llCR
CR: 415. llCR
0.00
3. :E4, ibCR 9.~S4.48CR
'3. '.:A. -t8CR
3. :i.::. 47CR 13,~76.95CR
-3l ·~:2, ~7CR
l2!5;4,42CR 30,671.37CR
12,594.42CR
8,083.93CR 38,755.30CR
8,083.93CR
9,7EJ.37CR 48,518.67CR
9, 763.37CR
10,384.GJCR 58,903.30CR
10,384.GJCR
-------------
0,00
78.51CR 78.51CR
78.51CR
84.50CR 163.01CR
84.50CR
90.33CR 253.34CR
90.33CR
102.66CR 3'-"'6. 00CR
102.66CR
---5~. :1':R 415.li.CR
59. llCR