08/12/2011-4A-Agenda Packet-Regular•
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AGENDA
4A SANGER INDUSTRIAL DEVELOPMENT CORPORATION
FRIDAY, AUGUST 12, 2011
9:30 A.M.
502 ELM
1. Call Meeting to Order.
2. Approval of Minutes: June 7, 2011
3. Election of Officers.
4. Discuss, Consider and Approve the 2011/2012 Budget.
5. Discus, Consider and Approve Lease Terms for 103 Bolivar and Authorize City
Manager to Execute a Lease.
6. Review Financials.
7. Adjournment.
I, the undersigned authority, do hereby certify that this Notice of Meeting was posted on
the bulletin board, at the City Hall of the City of Sanger, Texas, a place convenient and
readily accessible to the ge I public at aA.times, and said notice N,S:'!O)~ed on the
following date and time: , '-1 / at Lf' QU {0m.
and shall remain posted until meeti is adjourned. ,,,,,1111111,,,,,
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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
SANGER TEXAS INDUSTRIAL DEVELOPMENT CORPORATION
June 7, 2011
MEMBERS
PRESENT: Vickie Jenkins, Don Gillum and Carroll McNeill
MEMBERS
ABSENT: Fred Yeatts and John Jacobs
OTHERS
PRESENT: Mike Brice City Manager, Tami Taber City Secretary
1. Call Meeting to Order.
Vickie Jenkins called meeting to order at 5:35 p.m.
2. Approval of Minutes: May 3, 2011
Carroll McNeill made a motion to approve minutes. Seconded by Don Gillum.
Motion carried unanimously.
3. Presentation by Ebiofuels Regarding Leasing the Property at 103 Bolivar for
Manufacturing.
Gary Williky, CEO of ICS Capital, LLC was present and gave a power point
presentation.
4. EXECUTIVE SESSION: CLOSED MEETING
5.
Pursuant to the Open Meetings Act, Chapter 551, the 4A Board will meet in a closed
executive session in accordance with the Texas Government Code: Section 551.072
(Deliberation regarding the purchase, exchange, lease or sale of real property for
future expansion of certain programs or services) to discuss the following:
a) Deliberation Regarding Real Property -Lease of Property at 103 Bolivar
4A convened into Executive Session at 6:28 p.m.
RECONVENE: OPEN MEETING
4A reconvened at 6:55 p.m. from Executive Session .
Carroll McN eill made a motion to authorize City Manager to get with broker and to
continue negotiations. Seconded by Don Gillum. Motion carried unanimously.
6. Review Financials.
City Manager advised that revenues are still up.
7. Adjourn.
Meeting was adjourned .
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CITY OF BANGER, TEXAS
PROPOSED ANNUAL PROGRAM OF SERVICES
SALES TAX
INTEREST
RENTAL INCOME (103 BOLIVAR)
TOTAL REVENUES
54-CONTRACT SERVICES
61-CAPITAL OUTLAY > $5K
70-DEBT PAYMENTS
74-TRANSFERS
��'� ���`����-�' TOTAL EXPENDITURES
REVENUE OVER/(UNDER) EXPENDITURES
$ 239,801 $ 230,000 $ 230,000 $ 230,000
2,871 3,000 3,000 3,000
41 66,286 66,286 66,286
242,713 299,286
11,965 24,000
187,262 -
61,267 61,272
20,000 3S�OOflr�,
280,494 103,272
299,286 299,286
1s,000 � 18,000
61,267 61,267
18,000-18;f300- � �"r�C%�'
97,267 97,267
$ (37,781) $ 196,014 $ 202,019 $ 202,019
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CITY OF SANGER, TEXAS
PROPOSED ANNUAL PROGRAM
4A FUND EXPENDITURE BY DEPARTMENT
54-CONTRACT SERVICES
5420 CONTRACTUAL SERVICE
5445 PROPERTY TAXES
TOTAL 54-CONTRACT SERVICES
61-CAPITAL OUTLAY > $5K
6101103 BOLIVAR RENOVATION
6105 PROJECTS - ELM ST
TOTAL 61-CAPITAL OUTLAY >$5k
70-DEBT PAYMENTS
7007 NOTE PYMTS - WAREHOUSE
7099 INTEREST EXPENSE
TOTAL 70-DEBT PAYMENTS
74-TRANSFERS
7401TRANS TO GEN FUND
TOTAL 74-TRANSFERS
TOTAL ENTERPRISE FUND EXPENDITURES
a
'F
$ 800 $ - $ $ -
11,165 24,000 18,000 18,000
11,965 24,000 18,000 18,000
151,226 - - -
361036 - - -
187,262 - -
31,931 61,272 33,431 35,002
29,336 - 27,836 26,265
61,267 61,272 61,267 61,267
20,000 18,000 18,000 18;800,v
20,000 18,000 18,000 18,000
$ 280,494 $ 1031272 $ 97,267 $ 97,267
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PLEASE SIGN IN
MEETING: 4 A Sanger Industrial Development Corp DATE: August 12, 2011