05/11/2016-4A-Minutes-Regular
MINUTES: 4A Sanger Industrial Development Corporation
May 11, 2016
MEMBERS
PRESENT: Fred Yeats, John Jacobs, Elizabeth Springer, and Don Gillum
MEMBERS
ABSENT: Casey Barclay
OTHERS
PRESENT: Director of Economic Development Alina Ciocan, Administrative Assistant Jennifer Shumate
1. Call Meeting to Order.
Meeting called to order at 12:59PM.
2. Approve Minutes: March 30, 2016
Minutes approved unanimously after a motion to approve by Elizabeth Springer and a second by John Jacobs.
3. Consider, Discuss and Possibly Approve a Purchase and Sale Agreement Between the Sanger Industrial
Development Corporation and Hollingsworth Manufacturing Company Regarding 103 and 125 Bolivar
Street Provided that A Phase II Environmental Assessment is not Required; Authorize the Director of
Economic Development to Finalize the Transaction.
Consultant confirmed that no Phase II Environmental Assessment required. No remediation will be required and
there are no changes to the agreement.
A motion to approve a purchase and sale agreement between the Sanger Industrial Development Corporation and
Hollingsworth Manufacturing Company regarding 103 and 125 Bolivar Street made by Fred Yeats with a second
by Elizabeth Springer. Motion passed unanimously.
Mrs. Ciocan advised Mr. Gillum that she will need his signature on the original document authorizing Alina
Ciocan to act on behalf of the 4A Sanger Industrial Development Corporation for the closing.
4. Consider, Discuss and Possibly Approve Expending $9,500 on Building Improvements to Relocate the
Economic Development Office to New Space.
The current Economic Development office is located at 201 Bolivar and the City is suggesting moving Economic
Development to 301 Bolivar which is an office more conducive to a professional environment. The cost
mentioned above would include new carpet, paint, and signage.
A motion to approve expending $9,500 on building improvements to relocate the Economic Development Office
to new space was made by Elizabeth Springer with a second by Fred Yeats. Motion carried unanimously.
5. Update on Projects:
a) Sanger Presbyterian Church Renovation
Construction should start very soon. A video will be made that will show pre-construction, during the
project, and a final. The Sanger Presbyterian Church Renovation project should take a few months to
complete.
b) Texas Pellets
Texas Pellets filed for bankruptcy which puts their bonds in default.
6. Review Financials.
No comments.
7. Citizen Comments.
No comments.
8. Meeting Adjourned.