03/22/2010-4B-Agenda Packet-RegularAGENDA
4B SANGER, TEXAS DEVELOPMENT CORPORATION
MONDAY, MARCH 22, 2010
6:00 P.M.
502 ELM STREET
1. Call Meeting to Order.
2. Approve Minutes: February 22, 2010
3. Consider and Possible Action on Authorizing City Manager and Staff to Sign
Checks for Expenditures Approved by the Board and be the Signatories on 4B Bank
Accounts and Investments.
4. Project Updates:
a) Sports Complex
5. Review Financials.
This facility is wheelchair accessible and.accessible parking spaces are available. Requests for
1 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.
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MINUTES:
MEMBERS
PRESENT:
OTHERS
PRESENT:
SANGER TEXAS DEVELOPMENT CORPORATION
February 22, 2010
John Payne, Beverly Howard, Scott Stephens, Jeff Springer, Will Dutton,
Beverly Branch and Barbara Martin
City Manager Mike Brice, Tami Taber City Secretary
1. Call Meeting to Order.
President Payne called meeting to order.
2. Approve Minutes: August 24, 2009
Motion was made by Beverly Branch to approve minutes as presented. Seconded by
Will Dutton. Motion carried unanimously.
3. Discussion on Sports Park Progress.
John Payne asked about the status of the new complex.
City Manager has looked at other c~mplexes and it will be 30 -60 days until the
information is put together for an RFQ. It will be around late spring or early summer
until construction begins.
John Payne asked about possible names for the complex and a ground breaking
ceremony.
City Manager said the new <;omplex will be named John W. Porter Sports Complex.
4. Review Financials
The City Manager went over the financials and stated that the sales tax is currently
down 8% for the month and he will have sales tax information at the next meeting. He
also advised that the first bond payment is due in August in the amount of $180,000
and there is three years worth of bond payments sitting in the bank.
John Payne asked about having one more certificate of deposit and the City Manager
confirmed that and advised that it was just shy of $600,000 as of January 31, 2010.
5. Adjournment.
Motion was made by John Springer to adjourn and John Payne adjourned meeting .