04/22/1999-4B-Agenda Packet-Regular•
AGENDA
4B CORPORATION
THURSDAY, APRIL 22,1999
7:00 PM
201 BOLIVAR
1. Call Meeting to Order.
2. a)
b)
CONSENT AGENDA
Approve Minutes: February 25, 1999
Disbursements.
3. Discuss Status on Railroad Park Project.
4. Any Other Such Matters.
5. Adjourn.
Date and Time Posted
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MINUTES: 4B Corporation
February 25, 1999
PRESENT: Nel Armstrong, Terry Jones, Steve Hollingsworth, Beverly Branch, Glenn Ervin
ABSENT: Chuck Tucker, Beverly Howard
OTHERS
PRESENT: City Secretary Rose Chavez, Julia Beavers
1. Nel Armstrong called meeting to order.
2.
CONSENT AGENDA
a)
b)
Approve Minutes: November 24, 1998
Disbursements
Terry Jones asked about sales tax on the invoice from the Attorney General.
Rose indicated they had not gotten a tax exempt number, and were subject to sales tax
until they get one.
Brief Discussion.
Terry Jones moved to approve the Consent Agenda.
Steve Hollingsworth seconded.
Motion carried unanimously.
3. Discuss, Consider and Possible Action on Railroad Park.
Nel Armstrong indicated as of February the board has $23,740.13 in the account less the
expenses to go out, which is $632.00.
Discussed Grant application.
Nel Armstrong addressed a letter that the City Administrator had shown to her, Rose
made copies of the letter for the board, she indicated the letter was supposed to be from
the board saying they will pledge $325,000:00 to the Railroad Park. Ms. Armstrong
indicated she felt the board should support the park, but felt the city should be obligated
for part of that money.
Julia Beavers indicated Jeff Krueger had sent in a letter stating that he will give them In-
Kind services for grading and leveling. She indicated they can not use grant funds for
planning and engineering, but 4B money can be used for engineering costs.
Julia Beavers indicated the city could give them In-Kind services, and indicated there
were others who are willing to donate services.
Discussion.
Julia Beavers indicated Curtis Gilley's company is going to do the plumbing.
Discussion concerning concession stand.
Nel Armstrong indicated she is in favor of completing the park, but they need to say they
will spend approximately $325,000.00, or something other than just the figure of
$325,000.00.
Nel Armstrong suggested they come up with a way to say they give them total support,
monetary, or whatever is needed, but not to put a figure to it. Ms. Armstrong indicated
they could list the people who are donating In-Kind services in the grant.
Julia Beavers indicated she would like to see engineering studies done.
Board instructed Rose to contact the City Engineer, Mark Hill, regarding studies on the
park.
Discussed completion of the ball park.
Discussion regarding funds from the 4B Corporation.
Motion was made by Beverly Branch that the 4B Development Board will commit to
donate funds from the City of Sanger half-cent sales tax funds in order to complete the
proposed improvements to Railroad Park to be completed within grant time limits.
Seconded by Glenn Ervin.
Motion carried unanimously.
3. Any Other Such Matters.
Nel Armstrong instructed Rose to contact Beverly Howard to write checks, and for her
to contact a bond agency to get bonded.
Board agreed to get an estimate for engineering fees for the park, and to ask City
Council if they can contact the City Engineer for this estimate.
4. Steve Hollingsworth moved to adjourn.
Seconded by Beverly Branch.
Motion carried unanimously.
Meeting adjourned.
UPCOMING EXPENSE:
Rose Chavez:
Secretarial/Aoril $100.00
4-19-99 1:13 PM 6/L DETAIL LISTING PASE:
FUND : 4B -SANGER DEVELOPEMENT CORP. PERIOD: 12/98 THRU 4/99
DEPT : N/A ACCOUNTS: 00-1010 THRU 00-1010ZZZZZZZ
DATE POST TRAN I REFERENCE ===DESCRIPTIONI===== VEND INVOICE P.0.1 NOTE -----AMOUNT-------BALANCE--
00-1010 CASH
B E 6 I N N I N 6 BALANCE 0.00
12/31/98 1/21 B18501 DEPOSIT SALES TAX DEC 000266 7,376.63 7,376.63
12/31/98 1/21 B18501 CHECK CHECK CHARGES 000266 111.50CR 7,265.13
12/31/98 1/21 B18501 CHECK CHECK CHARGES 000266 22.50CR 7,242.63
DECEMBER ACTIVITY DB: 7,376.63 CR: 134.00CR 7,242.63
1/15/99 2/24 B21601 DEPOSIT SALES TAX 000303 6,691.04 13,933.67
JANJARY ACTIVITY DB: 6,691.04 CR: 0.00 6,691.04
2/19/99 2/25 821801 DEPOSIT SALES TAX 000305 9,806.46 23,740.13
2/28/99 3/20 824401 CHECK 1001 ENT.FD REIM 000341 133.95CR 23,606.18
2/28/99 3/20 824401 CHECK 1002 6F REIM FOR 000341 449.40CR 23,156.78
2/28/99 3/20 824401 CHECK 1003 ATTORtEY GENERAL 000341 48. 72CR 23,108.06
2/28/99 3/20 824401 CHECK 1004 ROSE CHAVEZ 000341 100.00CR 23,008.06
FEBRUARY ACTIVITY DB: 9,806.46 CR: 732.07CR 9,074.39
3/22/99 3/20 B24501 DEPOSIT SALES TAX MARCH 000342 6,700.02 29,708.08
3/25/99 4/19 826701 CHECK 1005 ROSE CHAVEZ SECRETARIAL 000366 100.00CR 29,608.08
3/31/99 4/19 826901 INTEREST INTEREST EARNED 000370 1.62 29,609.70
MARCH ACTIVITY DB: 6,701.64 CR: 100,00CR 6,601.64
4/13/99 4/19 826601 CIECK SALES TAX 000365 10,075.18 39,684.88
APRIL ACTIVITY DB: 10,075.18 CR: 0.00 10,075.18
ACCOUNT TOTAL DB: 40,650.95 CR: 966.07CR
f-f-f-f-i-f-f-f-t-1-1-t-f-000 ERRORS IN THIS REPORT! f-f-t-t-t-1-f-f-t-t-f-f-f-f
ff REPORT TOTALS ff -DEBITS ----CREDITS -
BEGINNING BALANCES: 0.00 0.00
REPORTED ACTIVITY: 40,650.95 966.07CR
ENDING BALANCES: 40,650.95 966.07CR
111 END OF REPORT***
4-19-99 1:01 PM 6/L DETAIL LISTING PASE: 1
FUND : 4B -SANSER DEVELOPEMENT CORP. PERIOD: 12/98 THRU 4/99
DEPT : N/A ACCOUNTS: 00-4425 THRU 00-4425ZZZZZZZ
DATE POST TRAN It REFERENCE ===DESCRIPTIONI==== VEND INVOICE P.0.1 NOTE ==-=AMOlM'= ===BALANCE=
00-4425 STATE SALES TAX
B E 6 I N N I N 6 BALANCE 0.00
12/31/98 1/21 B18501 DEPOSIT SALES TAX DEC 000266 71 376.63CR 7,376.63CR
DECEMBER ACTI V ITV DB: 0.00 CR: 7,376.63CR 7,376.63CR
1/15/99 2/24 B21601 DEPOSIT SALES TAX 000303 6,691.04CR 14 1 067.67CR
JAtlJARV ACTIVITY DB: 0.00 CR: 61 691.04CR 61 691.04CR
2/19/99 2/25 821801 DEPOSIT SALES TAX 000305 9,806.46CR 23 1 874. 13CR
FEBRUARY ACTIVITY DB: 0.00 CR: 9,806.46CR 9,806.46CR
3/22/99 3/20 824501 DEPOSIT SALES TAX MARCH 000342 6,700.02CR 30 1 574.15CR
MARCH ACTIVITY DB: 0.00 CR: 6, 700.02CR 61 700.02CR
4/13/99 4/19 826601 CHECK SALES TAX 000365 10,075. 18CR 40 1 649.33CR
APRIL ACTIVITY DB: 0.00 CR: 101 075.lBCR 101 075.lBCR
ACCOONT TOTAL DB: 0.00 CR: 40,649.33CR
f-f-f-f-f-f-f-f-f-t-f-f-f-000 ERRORS IN THIS REPORT! f-1-f-f-l-t-t-l-f-f-f-f-l-f
tt REPORT TOTALS It -DEBITS ----CREDITS -
BESINNING BALANCES: 0.00 0.00
REPORTED ACTIVITY: 0.00 40,649.33CR
ENDING BALANCES: 0.00 40,649.33CR
Ht END OF REPORT Ht
4-19-99 01:04 PM C I T V 0 F SANGER PAGE: 1
TRIAL BALANCE
AS OF: APRIL 30TH, 1999
4B -SANGER DEVELOPEMENT CORP.
Hff MONTH TO DATE fHf fffff VEAR TO DATE fHff
ACCOlM NOi TITLE DEBITS CREDITS DEBITS CREDITS
ASSETS
00-1010 CASH 10,075.18 39,684.88
LIABILITIES AND FUND BALANCE
REVENUES
00-4425 STATE SALES TAX 10,075.18 40,649.33
00-4800 INTEREST INCOME 0.00 1.62
00-4940 DONATIONS 0.00 0.00
EXPENSES
00-5000 CHECK CHARGES 0.00 134.00
00-5210 OFFICE SlPPLIES 0.00 283.35
00-5225 BOOKS/SUBSCRIPTIONS 0.00 48.72
00-5420 CTIITRACTUAL SERVICES 0.00 500.00
Hf TOTALS Hf 10,075.18 10,075.18CR 40,650.95 40 1 650.95CR
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Elton Bomer, Secretary of State