05/22/2000-4A-Agenda Packet-Regular1. Call Meeting to Order.
2. a)
b)
Approve Minutes:
Disbursements.
3. Officer Appointments.
AGENDA
4A CORPORATION
MONDAY, MAY 22, 2000
6:00PM
201 BOLIVAR
CONSENT AGENDA
April 24, 2000
3. Consider and Possible Action on Future Economic Development.
4. Consider and Possible Action Regarding Investment of 4A Funds.
4. Any Other Such Matters.
5. Adjourn.
Rosalie Chavez
~In (oo ~:Is A,Jil.
Ddte and 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.
MINUTES: 4A CORPORATION
APRIL 24, 2000
PRESENT: Frank Ballard, Mike James, Carroll McNeill, Vickie Jenkins
OTHERS
PRESENT: City Manager Jack Smith, Administrative Assistant Samantha Renz
1. Frank Ballard Called Meeting to order and indicated he would like to say a few words
about Joe Skiles. He indicated Mr. Skiles was the president of the 4A Board, and very
active in the community. He was a good husband, father, son, and citizen. He said that
Mr. Skiles was truly a gentleman and the Sanger area will miss him, the city will miss
him, and the 4A Board will mis him.
2. a)
b)
CONSENT AGENDA
Approve Minutes: January 24, 1999
Disbursements.
Mike James indicated the first item on the minutes needed to be changed from Joe Falls
to Joe Skiles.
Mike James moved to approve the Consent Agenda with change as noted. Frank
Ballard seconded. Motion carried, Vickie Jenkins abstained.
3. Consider and Possible Action on Future Economic Development Project.
City Manager gave board o copy of a report regarding the effect of the distribution
center on the City.
City Manager went over the chart showing sales tax collections anticipated, and
discussion followed.
City Manager indicated we should know something around May 14, 2000, regarding
whether or not the distribution center would be built in Sanger.
Discussion regarding taxable sales from the fast food restaurants.
City Manager indicated the City will only commit to 1 million dollars worth of land.
The distribution center will have 600 jobs initially and 1,000 jobs within ten years.
Frank Ballard asked about the process of buying the land.
City Manager indicated the company will buy the land, and. tl)e 4A Board will
reimburse them.
Discussion regarding financing of land up to 1 million dollars.
Discussion regarding the distribution center.
Discussion regarding the impact data.
City Manager indicated the City will be getting a package ofinducements if they decide
to build in Sanger. This will include all of their requests.
Discussion regarding the frontage property.
Discussion continued regarding the distribution center, City Manager indicated they
would have three shifts, twenty four hours a day, seven days a week. The average
salary will be $20,000.00 per year.
City Manager indicated he had spoken with another man regarding another possible
business in Sanger. The business assembles tires for Peterbuilt.
4. Any Other Such Matters.
Frank Ballard indicated the City Council appoints members to the 4A Board, he
indicated he would like to recommend Richard Muir to the Council for the
appointment.
Vickie Jenkins indicated she too felt Richard Muir would be a good choice; however,
Bill Fuller was also interested, and she felt he would be a good choice too.
Mr. McNeill indicated he had no objections to either recommendation.
Mike James indicated he felt either would be good, but thought maybe they should
consider advertising to allow more people the chance to serve.
Frank Ballard indicate4d he felt this was something the City Council should do rather
than the 4A Board.
Mr. McNeill moved to send the two names (Richard Muir and Bill Fuller) to the
Council for consideration of appointment. Mike James seconded. Motion carried
unanimously.
Discussion regarding the funds invested in the CD.
City Manager indicated when the CD is renewed, they could ,ea,1e $10,000.00 in the
checking account and add the rest to the CD.
Vickie Jenkins suggested a high yield money market account might earn a higher
interest rate, and indicated she would check into it and report back to the board.
5. Mike James moved to adjourn. Vickie Jenkins seconded. Motion carried unanimously .
•
4ABOARD
UPCOMING EXPENSE:
Samantha Renz
secretarial/MAY $100.00
5-18-2000 4:50 PM G/L DETAIL LISTING PAGE: 1
FUND : 41 -4A CORPORATION PERIOD: 10/1999 THRU 10/2000
DEPT : NIA ACCOUNTS: THRU ZZ-ZZZZZZZZZZZ
DATE POST TRAN It REFERENCE DESCRIPTION VEND INVOICE P.O.11 NOTE -----AMOUNT------BALANCE----
00-1010 CASH
B E G I N N I N G BALANCE 87,128.78
10/14/99 10/21 B49101 DEPOSIT SALES TAX FOR OCTOBER 000645 9,164.48 96,293.26
10/25/99 11/16 B51501 CHECK 1014 SAMANTHA RENZ 000669 100.00CR 96,193.26
10/31/99 11/16 B51301 INTEREST INTEREST FOR OCTOBER 000667 78.51 96,271.77
OCTOBER ACTIVITY DB: 9,242.99 CR: 100.00CR 9,142.99
11/08/99 11/16 B51401 DEPOSIT SALES TAX NOVEMBER 000668 8,912.47 105,184.24
11/30/99 12/08 B53001 CHECK 1015 SAM RENZ 000687 100.00CR 105,084.24
11/30/99 12/08 B53001 INTEREST INTEREST FOR NOVEMBER 000687 84.50 105,168.74
NOVEMBER ACTIVITY DB: 8,996.97 CR: 100.00CR 8,896.97
12/31/99 1/21 855001 DEPOSIT SALES TAX DEC 000729 12,594.42 117,763.16
12/31/99 1/21 855001 CHECK 1016 SAMANTHA RENZ 000729 100,00CR 117,663.16
12/31/99 1/21 B55201 INTEREST DECEMBER 000731 90.33 117,753.49
DECEMBER ACTIVITY DB: 12,684.75 CR: 100.00CR 12,584.75
1/21/00 1/21 B55101 DEPOSIT SALES TAX JANUARY 000730 8,083.93 125,837.42
1/21/00 1/21 B55101 CHECK 1017 SAMANTHA RENZ 000730 100.00CR 125,737.42
1/31/00 2/21 858801 INTEREST INTEREST FOR JANUARY 000776 102.66 125,840.08
JANUARY ACTIVITY DB: 8,186.59 CR: 100.00CR 8,086.59
2/22/00 2/21 B58901 DEPOSIT SALES TAX 000777 9,763.37 135,603.45
2/29/00 3/16 863601 CHECK 1018 GNB INVESTMENT IN CD 000833 120,000.00CR 15,603.45
2/29/00 3/16 863601 CHECK 1019 SAMANTHA RENZ 000833 100.00CR 15,503.45
2/29/00 3/16 B63601 INTEREST EARNED FOR FEBRUARY 000833 59.11 15,562.56
FEBRUARY ACTIVITY DB: 9,822.48 CR: 1201 100.00CR 110,277. 52CR
3/08/00 4/26 868001 INTEREST INT EARNED FROM CD INVESTED 000899 443.83 16,006.39
3/08/00 4/27 B68701 MISC INT EARNED 000911 443.83CR 15,562.56
3/15/00 3/22 B64601 DEPOSIT SALES TAX 000845 10,384.63 25,947.19
3/31/00 4/27 868601 CHECK 1020 SAMANTHA RENZ 000910 100,00CR 25,847.19
3/31/00 4/27 B68601 INTEREST INTEREST 000910 18. 91 25,866.10
MARCH ACTIVITY DB: 10,847.37 CR: 543.83CR 10,303.54
4/04/00 4/27 B68801 CHECK 1021 SANGER OFF.SUPP.JENKINS 000913 16.90CR 25,849.20
4/04/00 4/27 B68801 CHECK 1022 SAMANTHA RENZ 000913 100.00CR 25,749.20
4/07/00 4/26 B68002 INTEREST INT EARNED FR CD67386 INV. 000900 470.22 26,219.42
4/07/00 4/27 868702 MISC INT EARNED 000912 470,22CR 25,749.20
4/24/00 4/27 B69001 DEPOSIT SALES TAX 000916 8,416.52 34,165.72
4/30/00 5/06 869701 INTEREST INTEREST EARNED FOR APRIL 000928 22.62 34,188.34
APRIL ACTIVITY DB: 8,909.36 CR: 587.12CR 8,322.24
ACCOUNT TOTAL DB: 68,690.51 CR: 121 1 630.95CR
5-18-2000 4:50 PM G/L DETAIL LISTING PAGE: 2
FUND : 41 -4A CORPORATION PERIOD: 10/1999 THRU 10/2000
DEPT : NIA ACCOUNTS: THRU ZZ-ZZZZZZZZZZZ
DATE POST TRAN I REFERENCE ===DESCRIPTION VEND INVOICE P.O.i NOTE --=AMOUNT-----BALANCE---
00-1011 SANGER TX.IND.DEV.CD.67516/4A
BEGINNING BALANCE
2/29/00 3/16 863601 CHECK 1018 GNB INVESTMENT IN CD 000833
3/08/00 4/27 868501 INT
3/08/00 4/27 B68701 MISC
3/08/00 4/27 B68901 MISC
4/07/00 4/27 868502 INT
4/07/00 4/27 868702 MISC
4/07/00 4/27 B68902 MISC
FEBRUARY ACTIVITY DB: 120,000.00 CR: 0.00
INT EARNED
INT EARNED
CORRECTION INT POSTED 2X
MARCH ACTIVITY DB:
INTEREST EARNED APRIL
INT EARNED
CORRECTION INT POSTED 2X
APRIL ACTIVITY DB:
887.66
940.44
000906
000911
000914
CR: 443,83CR
000908
000912
000915
CR: 470.22CR
ACCOUNT TOTAL DB: 121 1 828.10 CR: 914.05CR
00-1053 RECEIVABLE-OTHER
BEGINNING BALANCE
:/15/00 2/15 857701 MISC 000763 AUDITOR'S ADJUSTING JE
FEBRUARY ACTIVITY DB: 91 164.48 CR: 0.00
00-3020 FUND BALANCE
2/15/00 2/15 B57701 MISC
B E G I N N I N G B A L A N C E
AUDITOR'S ADJUSTING JE
FEBRUARY ACTIVITY DB:
00-4425 STATE SALES TAX
10/14/99 10/21 B49101 DEPOSIT
11/08/99 11/16 B51401 DEPOSIT
12/31/99 1/21 855001 DEPOSIT
1/21/00 1/21 855101 DEPOSIT
~/22/00 2/21 858901 DEPOSIT
3/15/00 3/22 864601 DEPOSIT
BEGINNING BALANCE
SALES TAX FOR OCTOBER
OCTOBER ACTIVITY DB:
SALES TAX NOVEMBER
NOVEMBER ACTIVITY DB:
SALES TAX DEC
DECEMBER ACTIVITY DB:
SALES TAX JANUARY
JANUARY ACTIVITY DB:
SALES TAX
FEBRUARY ACTIVITY DB:
SALES TAX
MARCH ACT! V ITV DB:
000763
0.00 CR: 9, 164,48CR
000645
0.00 CR: 91 164.48CR
000668
0,00 CR: 81 912.47CR
000729
0.00 CR: 12 1 594.42CR
000730
0.00 CR: 81 083.93CR
000777
0,00 CR: 9,763.37CR
000845
0.00 CR: 10,384.63CR
120,000.00
120,000.00
443.83
443,83
443.83CR
443.83
470.22
470.22
470.22CR
470.22
9,164.48
9,164.48
0.00
120,000.00
120,443.83
120,887.66
120,443.83
120,914.05
121,384.27
120,914.05
0.00
9,164.48
87 1 128. 78CR
9,164.48CR 96 1 293.26CR
9, 164.48CR
0.00
91 164.48CR 91 164.48CR
9,164.48CR
8,912.47CR 18,076.95CR
81 912.47CR
12 1 594.42CR 30 1 671.37CR
12 1 594,42CR
8,083,93CR 38,755.30CR
8,083,93CR
91 763.37CR 48,518.67CR
9,763.37CR
10,384,63CR 58,903,30CR
10,384.63CR
5-18-2000 4:50 PM G/L DETAIL LISTING PAGE: 3
FUND : 41 -4A CORPORATION PERIOD: 10/1999 THRU 10/2000
DEPT : N/A ACCOUNTS: THRU ZZ-ZZZZZZZZZZZ
DATE POST TRAN It REFERENCE DESCRIPTION VEND INVOICE P.O.i NOTE -----AMOUNT--------BALANCE---
00-4425 STATE SALES TAX * ( CONTINUED ) *
4/24/00 4/27 B69001 DEPOSIT SALES TAX 000916 8,416.52CR 67,319.82CR
= APRIL ACTIVITY DB: 0.00 CR: 8,416.52CR 8,416.52CR
ACCOUNT TOTAL DB: 0.00 CR: 67 1 319.82CR
00-4800 INTEREST INCOME
B E 6 I N N I N 6 BALANCE 0.00
10/31/99 11/16 B51301 INTEREST INTEREST FOR OCTOBER 000667 78.51CR 78.51CR
OCTOBER ACTIVITY DB: 0.00 CR: 78.51CR 78.51CR
11/30/99 12/08 853001 INTEREST INTEREST FOR NOVEMBER 000687 84.50CR 163.01CR
NOVEMBER ACTIVITY DB: 0.00 CR: 84.50CR 84.50CR
12/31/99 1/21 B55201 INTEREST DECEMBER 000731 90.33CR 253.34CR
DECEMBER ACTIVITY DB: 0.00 CR: 90.33CR 90.33CR
1/31/00 2/21 B58801 INTEREST INTEREST FOR JANUARY 000776 102.66CR 356.00CR
JANUARY ACTIVITY DB: 0.00 CR: 102.66CR 102.66CR
:/29/00 3/16 B63601 INTEREST EARNED FOR FEBRUARY 000833 59.11CR 415.11CR
FEBRUARY ACTIVITY DB: 0.00 CR: 59.11CR 59.11CR
3/08/00 4/26 868001 INTEREST INT EARNED FROM CD INVESTED 000899 443.83CR 858.94CR
3/08/00 4/27 B68501 INT INT EARNED 000906 443.83CR 11 302.77CR
3/08/00 4/27 868901 MISC CORRECTION INT POSTED 2X 000914 443.83 858.94CR
3/31/00 4/27 B68601 INTEREST INTEREST 000910 18,91CR 877.85CR
-------------MARCH ACTI V ITV DB: 443.83 CR: 906.57CR 462.74CR
4/07/00 4/26 B68002 INTEREST INT EARNED FR CD67386 INV. 000900 470.22CR 1,348.07CR
4/07/00 4/27 B68502 INT INTEREST EARNED APRIL 000908 470.22CR 1,818.29CR
4/07/00 4/27 B68902 MISC CORRECTION INT POSTED 2X 000915 470.22 1,348,07CR
4/30/00 5/06 869701 INTEREST INTEREST EARNED FOR APRIL 000928 22.62CR 11 370.69CR
APRIL ACTIVITY DB: 470.22 CR: 963.06CR 492.84CR
ACCOUNT TOTAL DB: 914.05 CR: 2,284. 74CR
00-4940 DONATIONS
B E G I N N I N G BALANCE 0.00
,5-18-2000 4:50 PM 6/L DETAIL LISTING PAGE: 4
FUND : 41 -4A CORPORATION PERIOD: 10/1999 THRU 10/2000
DEPT : 75 4A CORPORATION ACCOUNTS: THRU ZZ-ZZZZZZZZZZZ
DATE POST TRAN I REFERENCE DESCRIPTION VEND INVOICE P.O.1 NOTE -----AMOUNT-------BALANCE----
75-5000 CHECK CHARGES
B E G I N N I N G BALANCE 0.00
------------75-5210 OFFICE SUPPLIES
B E G I N N I N G BALANCE 0.00
4/04/00 4/27 868801 CHECK 1021 SANGER OFF.SUPP.JENKINS 000913 16.90 16.90
APRIL ACTIVITY DB: 16.90 CR: 0.00 16.90
75-5215 TRAVEL & REGISTRATIONS
B E 6 I N N I N 6 BALANCE 0.00
75-5220 DUES
B E 6 I N N I N 6 BALANCE 0.00
75-5225 PUBLICATIONS/SUBSCRIPTIONS
B E 6 I N N I N 6 BALANCE 0.00
75-5410 INSURANCE
B E 6 I N N I N 6 BALANCE 0.00
75-5420 CONTRACTUAL SERVICES
B E 6 I N N I N 6 BALANCE 0.00
10/25/99 11/16 851501 CHECK 1014 SAMANTHA RENZ 000669 100.00 100.00
OCTOBER ACTIVITY DB: 100.00 CR: 0.00 100.00
11/30/99 12/08 853001 CHECK 1015 SAM RENZ 000687 100.00 200.00
NOVEMBER ACTIVITY DB: 100.00 CR: 0.00 100.00
12/31/99 1/21 855001 CHECK 1016 SAMANTHA RENZ 000729 100.00 300.00
DECEMBER ACTIVITY DB: 100.00 CR: 0.00 100.00
1/21/00 1/21 855101 CHECK 1017 SAMANTHA RENZ 000730 100.00 400.00
-----------JANUARY ACTIVITY DB: 100.00 CR: 0.00 100.00 ----------
2/29/00 3/16 863601 CHECK 1019 SAMANTHA RENZ 000833 100.00 500.00
FEBRUARY ACTIVITY DB: 100.00 CR: 0.00 100.00
3/31/00 4/27 868601 CHECK 1020 SAMANTHA RENZ 000910 100.00 600.00
MARCH ACTIVITY DB: 100.00 CR: 0.00 100.00
4/04/00 4/27 B68801 CHECK 1022 SAMANTHA RENZ 000913 100.00 700.00
APRIL ACTIVITY DB: 100.00 CR: 0.00 100.00
ACCOUNT TOTAL DB: 700.00 CR: 0.00
5-18-2000 4:50 PM G/L DETAIL LISTING
FUND : 41 -4A CORPORATION
DEPT : 75 4A CORPORATION ACCOUNTS:
DATE POST TRAN I REFERENCE ===DESCRIPTION!==== VEND INVOICE P.O.i NOTE
75-5500 PROJECTS
f •-f-f-f-f-f-¼-¼-f-f-f-f-
Hf END OF REPORT Hf
B E G I N N I N G B A L A N C E
000 ERRORS IN THIS REPORT!
** REPORT TOTALS**
BEGINNING BALANCES:
REPORTED ACTIVITY:
ENDING BALANCES:
--DEBITS --
871128. 78
201,314.04
288,442.82
--CREDITS --
871128. 78CR
201,314.04CR
288,442.82CR
PAGE: 5
PERIOD: 10/1999 THRU 10/2000
THRU ZZ-ZZZZZZZZZZZ
---=AMOUNT-------BALANCE---
0.00
I
•
May 12, 2000
Jack Smith
City Manager
Sanger, Texas
Dear Jack,
SANGER
CHAMBER OF COMMERCE
As you are aware, due to the unfortunate loss of Joe Skiles, we have a vacancy on our 4-A Board.
At our last meeting the Board voted to recommend to the City Council two candidates for the vacancy,
Richard Muir and Bill Fuller. Both of these individuals meet all of the legal requirements to serve on the
Board and each one of these are professionally qualified and would be an asset.
Please relay this information to the City Council.
Sincerely,
/1:~~
Vice President
Sanger Texas Economic Corporation
P. 0. Box 537 940-458-7702 Sanger, Texas 762663