07/20/2015-4A-Minutes-Regular
MINUTES: 4A Sanger Industrial Development Corporation
July 20, 2015
MEMBERS
PRESENT: Fred Yeats, John Jacobs, and Don Gillum
MEMBERS
ABSENT: Elizabeth Springer
OTHERS
PRESENT: Director of Economic Development Alina Ciocan, Administrative Assistant Jennifer Shumate
1. Call Meeting to Order.
Meeting called to order at 1:15PM.
2. Approve Minutes: January 6, 2015
Minutes approved unanimously after a motion to approve by Fred Yeats and a second by John Jacobs.
3. Consider, Discuss, and Possibly Act on Approving Resolution #R07-07-15- Authorizing Certain
Amendments to Trust Indenture and Loan Agreement in Connection with the Sanger Texas Industrial
Development Corporation Revenue Bonds (Texas Pellets Project), Series 2012 B and Series 2012 C;
Authorizing the Execution of Documents and Instruments Necessary of Convenient to Carry Out Such
Amendments; and Containing Related Matters.
Item tabled to a later meeting.
4. Consider, Discuss and Possibly Approve the Fiscal Year 2015/2016 Budget.
Major changes are sales tax revenue have increased and the Economic Development Budget is now noted in the
budget. Other minor questions were asked/discussed.
Motion to approve the 2015/2016 Budget as presented was made by John Jacobs and seconded by Fred Yeats.
Motion to approve budget carried unanimously.
5. Update on Projects – Water and Wastewater Improvements to Industrial Areas along the East Side of I-
35.
Mrs. Ciocan advised that we are currently acquiring easements and that the project is still on track to begin
in 2016.
6. Review Financials.
Financials reviewed during Item #4.
7. Meeting Adjourned.