08/13/2012-4A-Agenda Packet-RegularCSa�gD
(TEXAS
AGENDA
4A SANGER INDUSTRIAL DEVELOPMENT CORPORATION
MONDAY, AUGUST 13, 2012
1:00 P.M.
502 ELM
1. Call Meeting to Order.
2. Approve Minutes: May 21, 2012
3. Consider, Discuss and Possibly Act on Approving a Resolution #R08-15-12
Authorizing the Issuance of the Sanger, Texas Industrial Development Corporation
Industrial Development Revenue Bonds, Series 2012B (Texas Pellets Project),
Approving and Authorizing an Indenture of Trust, a Loan Agreement, a Limited
Offering Memorandum , a Tax Certificate and Agreement, a Bond Purchase
Agreement, Authorizing the Execution of Documents and Instruments Necessary or
Convenient to Carry out the Issuance of the Bonds and Other Matters in
Connection Therewith.
4. Discuss, Consider and Possibly Act on Approving the FY 2012-2013 Budget.
5. Review Financials.
6. Adjourn.
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 general public at all times, and said notice was posted on tine
following date and time: D at 9; 3O _.m.
and shall remain posted until meeting%,;tt)j,qj/urned.
Tami Taber, City Secretary
City of Sanger, Texas
O a
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.
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.
AGENDA
4A SANGER INDUSTRIAL DEVELOPMENT CORPORATION
MONDAY, AUGUST 13, 2012
1:00 P.M.
502 ELM
1. Call Meeting to Order.
2. Approve Minutes: May 21, 2012
3. Consider, Discuss and Possibly Act on Approving a Resolution #R0S-15-12
Authorizing the Issuance of the Sanger, Texas Industrial Development Corporation
Industrial Development Revenue Bonds, Series 2012B (Texas Pellets Project),
Approving and Authorizing an Indenture of Trust, a Loan Agreement, a Limited
Offering Memorandum , a Tax Certificate and Agreement, a Bond Purchase
Agreement, Authorizing the Execution of Documents and Instruments Necessary or
Convenient to Carry out the Issuance of the Bonds and Other Matters in
Connection Therewith.
4. Discuss, Consider and Possibly Act on Approving the FY 2012-2013 Budget.
5. Review Financials.
6. Adjourn.
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 general public at all times, and said notice was posted on the
following date and time: 'CJ at 9: 3 O .m.
and shall remain posted until meetin M\djp1urned.
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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:
MEMBERS
PRESENT:
ABSENT:
OTHERS
PRESENT:
4A
SANGER TEXAS INDUSTRIAL DEVELOPMENT CORPORATION
May 21, 2012
Don Gillum, Fred Yeatts, John Jacobs and Rusty Patton
Vickie Jenkins
Mike Brice City Manager, Tami Taber City Secretary and Ted Christensen
of Government Capital
1. Call Meeting to Order.
Don Gillum called the meeting to order at 1:00 p.m.
2. Approval of Minutes: January 10, 2012
March 19, 2012 (Special Called with City Council)
Don Gillum made a motion to approve the January 10, 2012, minutes with the
change of "hazard" insurance to "liability" insurance (agenda item 3). The March
19, 2012, minutes were also approved. Seconded by John Jacobs. Motion carried
unanimously.
3. Consider, Discuss and Possibly Act on Approving Resolution #R0S-07-12 -
Authorizing the Issuance of the Sanger, Texas Industrial Development Corporation
Industrial Development Revenue Bonds, Series 2012 (Texas Pellets Project),
Approving and Authorizing an Indenture of Trust, a Loan Agreement, a Private
Placement Memorandum, a Tax Regulatory Agreement, a Contract of Purchase,
Authorizing the Execution of Documents and Instruments Necessary or Convenient
to Carry out the Issuance of the Bonds and Other Matters in Connection Therewith.
Bond proceeds are expected to be applied to finance the acquisition, construction,
improvement and expansion of a facility of the borrower called German Pellets
located in Woodville, Texas, the primary purpose is processing of wood waste to
manufacture biomass pellets, and a five silo pellet storage facility located in Port
Arthur, Texas. This business will also create new jobs in Texas.
4A will facilitate as a conduit and the benefit of approving this, is that the City will
receive $20,000. There are no risks to the City.
This item will go to the City Council on June 4, 2012, for final approval .
•
4. Update on Hollingsworth Lease.
City Manager advised that the lease actually began on March 1, 2012 and the first
lease payment will be due on June 1, 2012. All other deal points remained the same.
5. Review Financials.
City Manager stated that there is approximately $636,000 in the 4A account as of
March 31, 2012 and the sales tax is still holding its own.
6. Adjourn.
Meeting was adjourned at 1:20 p.m .
CITY OF SANGER, TEXAS
PROPOSED ANNUAL PROGRAM OF SERVICES
The Economic Development department is tasked with enticing new businesses and assisting in retaining and expanding
current businesses. The goal of Economic Development is to attract quality jobs to the City of Sanger, Economic
Development activities are funded through the 4A and 4B local sales taxes. The City Manager and other city staff perform
economic development activities.
SALARIES &BENEFITS
MATERIALS & SUPPLIES
MAINTENANCE & OPERATIONS
CONTRACT SERVICES
UTILITIES
CAPITAL EXPENSES
TOTAL DEPARTMENTAL BUDGET
6,256
23,382
12,667
80
42,385
12,500
5,000
30,500
8,985
13,710
12,776
35,471
5,000
13,000
40,500
AUTHORIZED FULL TIME EMPLOYEES 0,0 0,0 0.0 0.0
AUTHORIZED PART TIME EMPLOYEES 000 0,0 0,0 0,0
72
52-SUPPLIES AND MATERIALS
46-5210 OFFICE SUPPLIES
46-5215 FOOD
46-5220 POSTAGE
46-5225 MAPS & SUBSCRIPTIONS
46-5230 ADVERTISING
46-5235 DUES AND REGISTRATION
46-5240 TRAVEL EXPENSE
46-5275 FILING FEES
TOTAL 52-SUPPLIES AND MATERIALS
53-MAINTENANCE AND OPERAT
46-5310 R & M BUILDING
TOTAL 53-MAINTENANCE AND OPERAT
54-CONTRACT SERVICES
46-5430 PROFESSIONAL SERVICES
46-5440 ENGINEERING/ARCHTECTURAL
1&5450 TECHNICAL SUPPORT
TOTAL 54-CONTRACT SERVICES
55-UTILITIES
46-5510 TELEPHONE SERVICES
TOTAL SS -UTILITIES
TOTAL 46-ECONOMIC DEVELOPMENT
CITY OF SANGER, TEXAS
PROPOSED ANNUAL PROGRAM OF SERVICES
$ 147 $ 250 $ 150 $ 250
250 250 250
250 250 250
- 250 250 250
31550 71500 51710 17,500
450 21000 100 2,000
21090 21000 2,275 21000
19 - - -
6,256 12,500 81985 22,500
23,382
5,000
13,710
5,000
23,382
51000
13,710
51000
12,067 10,000 10, 276 10,000
600 21500 21000 21500
500 500 500
12, 667 13,000 12,776 13,000
30,500 $ 35,471 $ 40,500
73
CITY OF SANGER, TEXAS
PROPOSED ANNUAL PROGRAM OF SERVICES
The 4A Fund is funded by a 1/2 cent sales tax: It is used to help new and existing businesses expand in Sanger with a
primary goal of bringing jobs to the Sanger community, Primary jobs include manufacturing and distribution jobs that
increase income and enhance the local economy.
SALES TAX $ 291,450 $ 230,000 $ 275,000 $ 250,000
INTEREST 11852 31000 11800 21000
RENTAL INCOME (103 BOLIVAR) 25,685 66,286 19,665 78,660
TOTAL REVENUES 318,987 299,286 296,465 330,660
CONTRACT SERVICES -
CAPITAL OUTLAY > $5K 30,000
DEBT PAYMENTS 61,267
TRANSFERS 181000
TOTAL EXPENDITURES
REVENUE OVER/(UNDER) EXPENDITURES
18,000 313 18,000
61,267 61,267 61,267
15,500 15,500 20,500
109,267 94,767 77,080 99,767
209,720 $ 204,519 $ 219,385 $ 230,893
115
54-CONTRACT SERVICES
5420 CONTRACTUAL SERVICE
5445 PROPERTY TAXES
TOTAL 54-CONTRACT SERVICES
61-CAPITAL OUTLAY > $5K
6101 103 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
744RANSFERS
7401 TRANS TO GEN FUND
TOTAL 74-TRANSFERS
CITY OF SANGER, TEXAS
PROPOSED ANNUAL PROGRAM OF SERVICES
18,000 313 18,000
18,000 313 18,000
30,000 - - -
30,000 - - -
33,432 35,002 35,002 36,647
27,835 26,265 26,265 24,620
611267 61,267 61,267 61,267
18,000 15,500 15,500 20,500
18,000 15,500 15,500 20,500
$ 109,267 $ 94,767 $ 77,080 $ 99,767
116
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