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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.