08/28/2000-4A-Agenda Packet-Regular1. Call Meeting to Order.
AGENDA
4A CORPORATION
MONDAY, AUGUST 28, 2000
7:00PM
201 BOLIVAR
2. a)
b)
CONSENT AGENDA
Approve Minutes: July 1 O, 2000
Disbursements.
3. Citizen's Input
4. Consider and Possible Action on FY 2000/2001 Budget.
5. Any Other Such Matters.
6. Adjourn.
g'~J5-00 J.'tJO/ltit ·
Date and Time Posted
•
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
UPCOMING EXPENSE:
Samantha Renz:
Secretarial/Au ust 2000 $100.00
8-24-2000 04:59 PM C I T y J F SANGER PAGE:
TRIAL BALANCE
AS CF: AUG'JST 31ST, 2~0a
41 -4A CORPORATION
**** MQNTH TO DATE**** ***** YEAR TD DATE*****
ACCruNT NOit TITLE DEBITS CREDiiS DEBITS CREDITS
ASSETS
00-1010 CASH 0.C2 2,141.44
C0-1011 SANGER TX.IND.DEV.CD.67516/4A 0.~0 0.0J
00-1012 MO~EY MARKET (4A) INV. 10,854.25 42,018.53
C0-1053 RECEIVABLE-OTHER 0.00 9, 164. 48
LIABILITIES AND FUND BALANCE
0J-3e20 FUN;) BALANCE 0.00 %,293.26
REVEI\-UES
C0-40C0 LOAN PROCEEDS 0.00 850,000.00
00-4425 STATE SALES TAX 10,854.25 105,860.68
C0-4450 INTEREST 0,00 705.84
~4800 INTEREST rt:C0:-1E 0.0ti 3,049.12
~-4940 DO~THiNS 0.e~ 0.00
EXPENSES
75-5000 CHECK CHARGES 0.03 0.C~
75-52H: OFFICE SUPPLIES 0.0J 1£.50
75-5215 TRA~EL & REGISTRATIONS 0.00 0.00
75-5220 DUES 0.00 0.00
75-5225 PUBLICATIO~S/SUBSCRIPTIONS 0.00 0.0~
75-5410 INSURANCE 0.00 0.00
75-5420 CONTRACTUAL SERVICES 0.00 900.00
75-5425 LEGAL FEES 0.e.J 1,667.50
75-55'J0 PROJECTS t?..00 1,000,023.~0
*** TOTALS Ht 10,854.25 10,854.25CR 1,055,9~8.90 i,055,908.9CCR
MEMO
August 24, 2000
To: 4A Members
Fr: Samantha Renz, Administrative Assistant
Re: FY 2000/2001 Budget
We will have the budget for your review at the meeting. Jack is still working on it. It is not very
lengthy and should not be a problem to review at the meeting.