07/08/2013-4B-Agenda Packet-Regular••
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AGENDA
4B SANGER, 1'EXAS DEVELOPMENT CORPORATION
MONDAY, JULY 8, 2013
6:00P.M.
502 ELM
1. Call Meeting to Order.
2. Approve Minutes: April 1, 2013
Election of Officers. 3.
4. Consider, Discuss and Possibly Approve the Fiscal Year 2013-2014 Budget.
Update on Projects 5.
6 Review Financials .
7. 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: Cfl, l !;] 2 J 2-0 l 5 at "'f : 00 ~.m.
and shall remain posted until meetin is adjourned.
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Tami Taber, City Secretary ~ { 1_::-----;/ ~ 1
City of Sanger, Texas =-: .\ : ~ , . . ' -. ' . ..... -;. ·.. .·· ~ ~ ·• ......... •· ,$' · ,..,.,,, 1 EXf\.S ,,,,, ,,, ,, ,,,, n\''
This facility is wheelchair accessible and Jl!~~!~llJle 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.·
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MINUTES: 4B DEVEJ;.,OPMENT CORPORATION
April 1, 2013
PRESENT: Beverly Howard, Barbara Martin, Beverly Branch, 'John Payne, Will Dutton
and Jeff Springer
OTHERS PRESENT: Mike Brice City Manager, Tami Taber City Secretary, Mayor
Thomas Muir, John and Elizabeth Springer
ABSENT: Christy Crutsinger
1. Call Meeting to Order.
John Payne called the meeting to order at 1:07 p.m.
2. Approve Minutes: November 5, 2012
3.·
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Will Dutton made a motion to approve. Seconded by Beverly Branch.
Motion carried unanimously.
Approve Budget Amendment #1 for $18,250.00 to pay for the Parks Master Plan
Originally Approved in July 2011.
City Manager advised that the second half is due and wasn't included in this year's
budget.
Barbara Martin made a motion to approve. Seconded by Will Dutton. Motion
carried unanimously.
4. Consider and Discuss Refurbishing Presbyterian Church Public/Private
Partnership.
5.
Mayor Muir advised that he was approached by the Denton Historical Society who
would like to move the church to Denton at no cost to the City. The Mayor wants to
keep the church and wanted input from the 4B board and suggestions on ways to
k~ep it. He also requested that 4B donate $100,000 -$150,000 to refurbis,h.
Jeff Springer made a motion authorizing the Mayor to communicate the 4B Board's
interest to keep the church, as long as funds are matched by the community and the
obligation is capped. Seconded by Will Dutton. Motion carried unanimously.
Consider, Discuss and Possibly Approve Ongoing Financing for the Splash Park
and Switzer Park Improvements.
City Manager advised that the City closed the pool in 2008 and it is not cost effectiv-'-'e
to reopen. The cost of a splash park and replacement of the walking trail at Switzer
Park is approximately $520,000 and he wants to do a bond issue this summer. It
would be a twenty year bond at approximately $32,000 -$33,000 each year and
wants 4B to commit to paying that amount.
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Beverly Howard made a motion to approve the splash park with annual payments
of $32,750 toward the bond payment. Seconded by Bev\rly Branch. Motion carried
4-2.
For Against Abstained
Beverly Howard Barbara Martin ~oho Payne
· Beverly Branch
Will Dutton
Jeff Springer
6. Consider, Discuss and Possibly Approve Providing Approximately $4,500.00 for
Reconstruction of a Brick Sidewalk in the Downtown Patk.
City Manager stated that the sidewalk is deteriorating lnd the edges are breaking
off. This would be repaired by putting a concrete curb oJ both sides of the bricks.
Beverly Branch made a motion to approve. Seconded bl Barbara Martin. Motion
carried unanimously.
7. Review Financials.
8 .
Sales tax figures are still good.
Adjourn.
Meeting was adjourned at 4:45 p.m .
N ,911 . TEXES INDUSTRIAL DEVELOP RENT "CORPOR " ION
Fund Description and Responsibilities
The Sanger Texas Industrial Development Corporation (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.
2012 2013 2014 a
Revenu'ummary W Actua Est rdate_% Budget Difference % C anger
Sales Tax $ 306,714 $ 250,000 $ 300000 $'
Y
50,000 20%
Interest Income 3481 31000 3,000 - 0%
Other 51311 - 51000 " 5,000
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Total Revenues 315,506 253,000 308,000 55,000 -22%
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2012 2013 2014
Expenditure Summary Actual Estimate Budget Difference %Change
Supplies & Materials $ - $ $
Contract Services 18,563 -
Capital Expenses - - - -
Debt Payments - - - -
Transfers 195,500 200,500 227,700 27,200 14%
IV
Total Expenditures 2141063 200,500 227,700 27,200 14%
Revenue Over (Under) Expenditure 101,1443 52,500 80,300 127,800
Beginning Fund Balance 384,917 486,360 538,860 619,160'
Ending Fund Balance 486,360 5381860 619,160 646,960
54-CONTRACT SERVICES
5410INSURANCE
5420 CONTRACTUAL SERVICE
5425 LEGAL SERVICES
5440 ENGINEERING FEES
5445 PROPERTY TAXES
TOTAL 54-CONTRACT SERVICES
74-TRANSFERS
7401 TRANS TO GEN FUND
7402 TRANS TO DEBT SVC FUND
TOTAL 74-TRANSFERS
TOTAL 4B FUND EXPENDITURES
18,250
313 - -
18,563
15,500 20,500 20,500 15,200
1801000 1801000 1801000 212,500
1951500 200,500 200,500 227,700
214,063 $ 200,500 $ 200,500 $ 227,700
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