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03/28/2023-4B-Agenda Packet-Regular4B DEVELOPMENT CORPORATION MEETING AGENDA MARCH 28, 2023, 6:00 PM 4B DEVELOPMENT CORPORATION REGULAR MEETING HISTORIC CHURCH BUILDING - 403 N 7TH STREET, SANGER, TEXAS CALL THE REGULAR MEETING TO ORDER AND ESTABLISH A QUORUM INVOCATION AND PLEDGE CITIZENS COMMENTS This is an opportunity for citizens to address the Corporation on any matter. Comments related to public hearings will be heard when the specific hearing begins. Citizens are allowed 3 minutes to speak. Each speaker must complete the Speaker’s Form and include the topic(s) to be presented. Citizens who wish to address the Corporation with regard to matters on the agenda will be received at the time the item is considered. The Corporation is not allowed to converse, deliberate or take action on any matter presented during citizen input. REPORTS 1. Miracle League Presentation. 2. Porter Park Update. 3. Financial Reports. CONSENT AGENDA All items on the Consent Agenda will be acted upon by one vote without being discussed separately unless requested by a Board member to remove the item(s) for additional discussion. Any items removed from the Consent Agenda will be taken up for individual consideration. 4. Consideration and possible action on 4B minutes from 2/28/2023 ACTION ITEMS 5. Consideration and possible action on Property Enhancement Incentive Program application for 1008-1114 Stemmons, Sanger, Texas. FUTURE AGENDA ITEMS The purpose of this item is to allow the President and Board members to bring forward items they wish to discuss at a future meeting, A Board member may inquire about a subject for 1 which notice has not been given. A statement of specific factual information or the recitation of existing policy may be given. Any deliberation shall be limited to a proposal to place the subject on an agenda for a subsequent meeting. Items may be placed on a future meeting agenda with a consensus of the Corporation or at the call of the President. ADJOURN NOTE: The Corporation reserves the right to adjourn into Executive Session as authorized by Texas Government Code, Section 551.001, et seq. (The Texas Open Meetings Act) on any item on its open meeting agenda in accordance with the Texas Open Meetings Act, including, without limitation Sections 551.071-551.087 of the Texas Open Meetings Act. CERTIFICATION I certify that a copy of this meeting notice was posted on the bulletin board at City Hall that is readily accessible to the general public at all times and was posted on the City of Sanger website on March 24, 2023 at 10:00 a.m. Stefani Dodson Stefani Dodson, Secretary The Historical Church is wheelchair accessible. Request for additional accommodations or sign interpretation or other special assistance for disabled attendees must be requested 48 hours prior to the meeting by contacting the City Secretary’s Office at 940.458.7930. 2 4B DEVELOPMENT CORPORATION COMMUNICATION DATE: March 28, 2023 FROM: Shani Bradshaw, Director of Economic Development AGENDA ITEM: Porter Park Update. SUMMARY:  Ryan Nolting, Director of Parks and Recreation will provide an update on the Porter Park project. FISCAL INFORMATION: Budgeted: NA Amount: NA GL Account: NA RECOMMENDED MOTION OR ACTION: NA ATTACHMENTS: NA 3 Item 2. 4B DEVELOPMENT CORPORATION COMMUNICATION DATE: March 28, 2023 FROM: Shani Bradshaw, Director of Economic Development AGENDA ITEM: Financial Reports SUMMARY:  Financial Reports for the period ending January 31, 2023.  Revenues and expenditures reflect activity from October 1, 2022 through January 31, 2023.  Sales Tax Collections for January 2023. FISCAL INFORMATION: Budgeted: NA Amount: NA GL Account: NA RECOMMENDED MOTION OR ACTION: NA ATTACHMENTS: Monthly Financial Report Revenue Expense Report Balance Sheet Sales Tax Report 4 Item 3. Percent Budget Actual of Budget Revenue Sales Tax 800,000 261,565 33% Interest Income 30,000 11,136 37% Total Revenue 830,000 272,701 33% Expenditures Salaries and Benefits 60,500 20,046 33% Transfer to Debt Service Fund 227,500 227,500 100% Supplies and Matterials 38,750 12,776 33% Maintenance and Operation 800 324 40% Contract Services 15,000 11,143 74% Grant Expenses 50,000 0% Capital Outlay 479,000 1,929 0% Total Expenditures 871,550 273,718 31% Revenues Over Expenditures (41,550) (1,017) Cash in Bank - Checking 201,690 Certificate of Deposit 284,764 Claim on Cash 1,954,658 Total Cash 2,441,113 January 31, 2023 Fund 4B Sanger Texas Development Corporation 5 Item 3. 3-21-2023 01:26 PM CITY OF SANGER PAGE: 1 REVENUE & EXPENSE REPORT (UNAUDITED) AS OF: JANUARY 31ST, 2023 42 -4B CORPORATION FINANCIAL SUMMARY % OF YEAR COMPLETED: 33.33 CURRENT CURRENT YEAR TO DATE TOTAL BUDGET % YTD BUDGET PERIOD ACTUAL ENCUMBERED BALANCE BUDGET ____________________________________________________________________________________________________________________________ REVENUE SUMMARY TAXES 800,000 61,973.71 261,565.17 0.00 538,434.83 32.70 INTEREST 30,000 3,642.67 11,135.79 0.00 18,864.21 37.12 TOTAL REVENUES 830,000 65,616.38 272,700.96 0.00 557,299.04 32.86 EXPENDITURE SUMMARY 74-TRANSFERS 227,500 0.00 227,500.00 0.00 0.00 100.00 76-4B FUND 644,050 8,744.74 46,218.32 ( 12,340.67) 610,172.35 5.26 ____________________________________________________________________________________________________________________________ TOTAL EXPENDITURES 871,550 8,744.74 273,718.32 ( 12,340.67) 610,172.35 29.99 REVENUE OVER/(UNDER) EXPENDITURES ( 41,550) 56,871.64 ( 1,017.36) 12,340.67 ( 52,873.31) 27.25- 6 Item 3. 3-21-2023 01:26 PM CITY OF SANGER PAGE: 2 REVENUE & EXPENSE REPORT (UNAUDITED) AS OF: JANUARY 31ST, 2023 42 -4B CORPORATION FINANCIAL SUMMARY % OF YEAR COMPLETED: 33.33 CURRENT CURRENT YEAR TO DATE TOTAL BUDGET % YTD REVENUES BUDGET PERIOD ACTUAL ENCUMBERED BALANCE BUDGET ____________________________________________________________________________________________________________________________ TAXES 00-4325 STATE SALES TAX 800,000 61,973.71 261,565.17 0.00 538,434.83 32.70 TOTAL TAXES 800,000 61,973.71 261,565.17 0.00 538,434.83 32.70 INTEREST 00-4800 INTEREST INCOME 30,000 3,642.67 11,135.79 0.00 18,864.21 37.12 TOTAL INTEREST 30,000 3,642.67 11,135.79 0.00 18,864.21 37.12 ____________________________________________________________________________________________________________________________ TOTAL REVENUE 830,000 65,616.38 272,700.96 0.00 557,299.04 32.86 ============ ============== ============== ============== ============== ======= 7 Item 3. 3-21-2023 01:26 PM CITY OF SANGER PAGE: 3 REVENUE & EXPENSE REPORT (UNAUDITED) AS OF: JANUARY 31ST, 2023 42 -4B CORPORATION 74-TRANSFERS % OF YEAR COMPLETED: 33.33 CURRENT CURRENT YEAR TO DATE TOTAL BUDGET % YTD DEPARTMENTAL EXPENDITURES BUDGET PERIOD ACTUAL ENCUMBERED BALANCE BUDGET ____________________________________________________________________________________________________________________________ 74-TRANSFERS 74-7403 TRANSFER TO DSF 212,500 0.00 212,500.00 0.00 0.00 100.00 74-7499 TRANSFER TO ISF 15,000 0.00 15,000.00 0.00 0.00 100.00 TOTAL 74-TRANSFERS 227,500 0.00 227,500.00 0.00 0.00 100.00 ____________________________________________________________________________________________________________________________ TOTAL 74-TRANSFERS 227,500 0.00 227,500.00 0.00 0.00 100.00 8 Item 3. 3-21-2023 01:26 PM CITY OF SANGER PAGE: 4 REVENUE & EXPENSE REPORT (UNAUDITED) AS OF: JANUARY 31ST, 2023 42 -4B CORPORATION 76-4B FUND % OF YEAR COMPLETED: 33.33 CURRENT CURRENT YEAR TO DATE TOTAL BUDGET % YTD DEPARTMENTAL EXPENDITURES BUDGET PERIOD ACTUAL ENCUMBERED BALANCE BUDGET ____________________________________________________________________________________________________________________________ 51-SALARIES AND BENEFITS 76-5110 REGULAR SALARIES 43,050 3,246.66 14,609.97 0.00 28,440.03 33.94 76-5125 LONGEVITY PAY 350 0.00 306.00 0.00 44.00 87.43 76-5128 AUTO ALLOWANCE 3,000 250.00 1,000.00 0.00 2,000.00 33.33 76-5129 CELL PHONE ALLOWANCE 300 25.00 100.00 0.00 200.00 33.33 76-5130 FICA 3,600 265.75 1,210.81 0.00 2,389.19 33.63 76-5140 RETIREMENT 5,600 460.01 1,541.30 0.00 4,058.70 27.52 76-5150 HEALTH INSURANCE 4,200 91.94 1,154.69 0.00 3,045.31 27.49 76-5160 WORKER'S COMPENSATION 250 0.00 123.54 0.00 126.46 49.42 76-5170 T W C 150 0.00 0.00 0.00 150.00 0.00 TOTAL 51-SALARIES AND BENEFITS 60,500 4,339.36 20,046.31 0.00 40,453.69 33.13 52-SUPPLIES AND MATERIALS 76-5210 OFFICE SUPPLIES 500 0.00 36.80 0.00 463.20 7.36 76-5213 COMPUTER HARDWARE 1,500 0.00 0.00 609.81 890.19 40.65 76-5214 COMPUTER SOFTWARE 3,500 0.00 2,000.00 ( 2,000.00) 3,500.00 0.00 76-5215 FOOD 200 0.00 0.00 0.00 200.00 0.00 76-5220 POSTAGE 50 0.00 0.00 0.00 50.00 0.00 76-5226 MARKETING & PROMOTION 20,000 794.14 6,391.30 46.89 13,561.81 32.19 76-5235 DUES & SUBSCRIPTIONS 8,000 50.00 4,113.18 0.00 3,886.82 51.41 76-5240 CONFERENCES & TRAINING 5,000 159.42 234.42 0.00 4,765.58 4.69 TOTAL 52-SUPPLIES AND MATERIALS 38,750 1,003.56 12,775.70 ( 1,343.30) 27,317.60 29.50 53-MAINTENANCE AND OPERAT 76-5332 OFFICE MACHINE LEASE 800 106.82 323.68 0.00 476.32 40.46 TOTAL 53-MAINTENANCE AND OPERAT 800 106.82 323.68 0.00 476.32 40.46 54-CONTRACT SERVICES 76-5425 LEGAL SERVICES 1,000 0.00 0.00 0.00 1,000.00 0.00 76-5430 PROFESSIONAL SERVICES 13,000 1,620.00 5,063.33 ( 3,350.00) 11,286.67 13.18 76-5450 TECHNICAL SUPPORT 1,000 0.00 0.00 0.00 1,000.00 0.00 76-5452 WEBSITE 0 0.00 6,080.00 ( 5,972.37)( 107.63) 0.00 TOTAL 54-CONTRACT SERVICES 15,000 1,620.00 11,143.33 ( 9,322.37) 13,179.04 12.14 56-GRANT EXPENSES 76-5603 PROPERTY ENHANCEMENTS IN 50,000 0.00 0.00 0.00 50,000.00 0.00 TOTAL 56-GRANT EXPENSES 50,000 0.00 0.00 0.00 50,000.00 0.00 61-CAPITAL OUTLAY 76-6116 PORTER PARK UPDATES 349,000 1,675.00 1,929.30 ( 1,675.00) 348,745.70 0.07 76-6117 NEW DOWNTOWN PARK 65,000 0.00 0.00 0.00 65,000.00 0.00 76-6118 MIRACLE FIELD AT PORTER 65,000 0.00 0.00 0.00 65,000.00 0.00 TOTAL 61-CAPITAL OUTLAY 479,000 1,675.00 1,929.30 ( 1,675.00) 478,745.70 0.05 9 Item 3. 3-21-2023 01:26 PM CITY OF SANGER PAGE: 5 REVENUE & EXPENSE REPORT (UNAUDITED) AS OF: JANUARY 31ST, 2023 42 -4B CORPORATION 76-4B FUND % OF YEAR COMPLETED: 33.33 CURRENT CURRENT YEAR TO DATE TOTAL BUDGET % YTD DEPARTMENTAL EXPENDITURES BUDGET PERIOD ACTUAL ENCUMBERED BALANCE BUDGET ____________________________________________________________________________________________________________________________ 65-CAPITAL PROJECTS ____________ ______________ ______________ ______________ ______________ _______ 70-DEBT PAYMENTS ____________ ______________ ______________ ______________ ______________ _______ 74-TRANSFER S ____________ ______________ ______________ ______________ ______________ _______ ____________________________________________________________________________________________________________________________ TOTAL 76-4B FUND 644,050 8,744.74 46,218.32 ( 12,340.67) 610,172.35 5.26 TOTAL EXPENDITURES 871,550 8,744.74 273,718.32 ( 12,340.67) 610,172.35 29.99 ============ ============== ============== ============== ============== ======= REVENUE OVER/(UNDER) EXPENDITURES ( 41,550) 56,871.64 ( 1,017.36) 12,340.67 ( 52,873.31) 27.25- 10 Item 3. 3-21-2023 01:25 PM CITY OF SANGER PAGE: 1 BALANCE SHEET AS OF: JANUARY 31ST, 2023 42 -4B CORPORATION ACCOUNT # ACCOUNT DESCRIPTION BALANCE _____________________________________________________________________________________________ ASSETS ====== 42-00-1000 CLAIM ON CASH 1,845,111.26 42-00-1010 CKG - 4B CASH (2379694) 202,272.91 42-00-1013 CD - 4B #653500 22,171.55 42-00-1014 CD - 4B #659924 21,927.25 42-00-1015 CD - 4B #664243 22,023.17 42-00-1016 CD - 4B #673277 21,976.37 42-00-1017 CD - 4B #686115 22,018.48 42-00-1018 CD - 4B #689521 21,978.06 42-00-1019 CD - 4B #694371 22,047.87 42-00-1020 CD - 4B #697230 22,158.43 42-00-1021 CD - 4B #699934 22,065.85 42-00-1022 CD - 4B #702285 21,860.70 42-00-1023 CD - 4B #706078 21,771.07 42-00-1024 CD - 4B #720097 21,498.56 42-00-1025 CD - 4B #720119 21,487.84 42-00-1153 SALES TAX RECEIVABLE 65,621.30 2,397,990.67 TOTAL ASSETS 2,397,990.67 ============== LIABILITIES =========== 42-00-2000 ACCOUNTS PAYABLE CONTROL 4,992.20 42-00-2403 ACCRUED WAGES PAYABLE 1,623.48 42-00-2409 PREPAID RENTAL INCOME 900.00 42-00-2900 ENCUMBRANCE ( 12,584.81) 42-00-2910 RESERVE FOR ENCUMBRANCE 12,584.81 TOTAL LIABILITIES 7,515.68 EQUITY ====== 42-00-3015 FUND BALANCE - RESTRICTED 2,391,492.35 TOTAL BEGINNING EQUITY 2,391,492.35 TOTAL REVENUE 272,700.96 TOTAL EXPENSES 273,718.32 TOTAL REVENUE OVER/(UNDER) EXPENSES ( 1,017.36) TOTAL EQUITY & REV. OVER/(UNDER) EXP. 2,390,474.99 TOTAL LIABILITIES, EQUITY & REV.OVER/(UNDER) EXP. 2,397,990.67 ============== 11 Item 3. Economic Development Sales Tax Report Month 2019-2020 Total 2020-2021 Total 2021-2022 Total 2022-2023 Total OCT 41,961 41,961 52,602 52,602 50,303 50,303 61,751 61,751 NOV 42,075 84,036 50,054 102,656 55,222 105,525 72,220 133,970 DEC 44,092 128,128 52,405 155,061 48,145 153,670 61,974 195,944 JAN 27,585 155,713 44,941 200,002 56,155 209,825 52,565 248,509 FEB 70,059 225,772 62,144 262,146 76,753 286,579 MAR 40,966 266,738 49,700 311,846 57,471 344,049 APR 35,736 302,474 48,180 360,026 44,446 388,495 MAY 41,692 344,166 63,691 423,717 64,396 452,891 JUN 50,482 394,647 47,099 470,816 65,968 518,859 JUL 49,189 443,837 50,290 521,106 68,209 587,068 AUG 47,386 491,222 62,523 583,629 51,911 638,979 SEP 42,073 553,295 52,474 636,104 65,621 704,600 TOTAL 533,295 533,295 636,104 636,104 704,601 704,601 248,509 BUDGET 385,000 148,295 462,500 173,604 600,000 104,601 800,000 (800,000) Actual Actual %Actual Actual % 2022 2023 Change 2022 2023 Change $ 56,155 $ 52,565 -6%$ 209,825 $ 248,509 18% January Year To Date 533,295 636,104 704,601 248,509 0 100,000 200,000 300,000 400,000 500,000 600,000 700,000 800,000 2019-2020 2020-2021 2021-2022 2022-2023 SALES TAX REVENUE 2019-2023 12 Item 3. 4B DEVELOPMENT CORPORATION COMMUNICATION DATE: March 28, 2023 FROM: Shani Bradshaw, Director of Economic Development AGENDA ITEM: Consideration and possible action on 4B minutes from 2/28/2023 SUMMARY:  4A Board Minutes from 2/28/2023. FISCAL INFORMATION: Budgeted: NA Amount: NA GL Account: NA RECOMMENDED MOTION OR ACTION: Staff recommends approval. ATTACHMENTS: 4B Minutes from 2/28/2023. 13 Item 4. 4B Minutes 02-28-23 Page 1 of 2 4B DEVELOPMENT CORPORATION MEETING MINUTES FEBRUARY 28, 2023, 6:00 PM 4B DEVELOPMENT CORPORATION REGULAR MEETING HISTORIC CHURCH BUILDING - 403 N 7TH STREET, SANGER, TEXAS CALL THE REGULAR MEETING TO ORDER AND ESTABLISH A QUORUM As there was a quorum John Payne called the meeting to order at 6:00 p.m. BOARD MEMBERS PRESENT Board Member, Place 1 Guy Saenz Board Member, Place 2 John Payne Board Member, Place 3 Stephanie Wood Board Member, Place 4 Beverly Howard Board Member, Place 6 Eddie Piercy BOARD MEMBERS ABSENT Board Member, Place 5 Jeff Springer Board Member, Place 7 Carrie Bilyeu STAFF MEMBERS PRESENT: Director of Economic Development Shani Bradshaw, and Secretary Stefani Dodson INVOCATION AND PLEDGE Board Member Payne led the invocation and Board Member Piercy led the pledge. CITIZENS COMMENTS No citizens came forward to speak. CONSENT AGENDA 1. Consideration and possible action on 4B minutes from 01-24-2023 Board Member Piercy makes a motion to approve the consent agenda as shown. Board Member Saenz seconded the motion. 14 Item 4. 4B Minutes 02-28-23 Page 2 of 2 Voting Yea: Board Member Payne, Board Member Howard, Board Member Wood. Motion passes unanimously. ACTION ITEMS 2. Consideration and possible action on Property Enhancement Incentive Program application for 1106 Stemmons, Sanger, Texas. Board Member Piercy makes a motion to approve a $10,000 grant for 1106 Stemmons. Board Member Howard seconded the motion. Voting Yea: Board Member Payne, Board Member Saenz, Board Member Wood. Motion passes unanimously. 3. Consideration and possible action on Property Enhancement Incentive Program application for 1108-1114 Stemmons, Sanger, Texas. This item was pulled by the applicant. REPORTS 4. Porter Park Update Director Bradshaw gives a brief update on the Porter Park renovation. She explains that the Softball Association also donated $5000.00 toward the scoreboards. 5. Monthly Sales Tax Report Director Bradshaw gives a brief update to the board. FUTURE AGENDA ITEMS The board would like an update on the Miracle field and the action plan. ADJOURN As there were no further items on the agenda Board Member Payne adjourned the meeting at 6:19 p.m. 15 Item 4. 4B DEVELOPMENT CORPORATION COMMUNICATION DATE: March 28, 2023 FROM: Shani Bradshaw, Director of Economic Development AGENDA ITEM: Consideration and possible action on Property Enhancement Incentive Program application for 1008-1114 Stemmons, Sanger, Texas. SUMMARY:  Owner will add eleven concrete parking spaces on the east of the strip center and 5 spaces to the north side of the building.  Four new awnings will be added.  New lighting will be added to the exterior of the building.  Four new windows will replace the storefronts.  Painting the building and replacing any metal that is damaged – the color will be dark gray with black trim around windows and doors.  Replacement of brick where the two storefronts are being removed with a decorative brick edge.  Maximum matching grant allow is $10,000.  Enhancement categories included Façade, Lighting, and Parking.  2 Bids have been received for the concrete work for additional parking.  Total Renovation Cost is $66,283 FISCAL INFORMATION: Budgeted: Yes Amount: $50,000 GL Account: 76-5603 RECOMMENDED MOTION OR ACTION: Staff recommends approval. ATTACHMENTS: Property Enhancement Incentive Program Application – 1108-1114 Stemmons 16 Item 5. 17 Item 5. 18 Item 5. 19 Item 5. 20 Item 5. 21 Item 5. 22 Item 5. 23 Item 5. 24 Item 5. 25 Item 5. 26 Item 5. 27 Item 5. 28 Item 5. 29 Item 5. 30 Item 5. 31 Item 5. 32 Item 5. 33 Item 5. 34 Item 5. 35 Item 5. 36 Item 5. 37 Item 5. 38 Item 5. 39 Item 5. 40 Item 5. 41 Item 5. 42 Item 5. 43 Item 5. 44 Item 5. 45 Item 5. 46 Item 5. 47 Item 5. 48 Item 5. 49 Item 5. 50 Item 5. 51 Item 5. 52 Item 5. 53 Item 5. 54 Item 5. 55 Item 5. 56 Item 5. 57 Item 5. 58 Item 5. 59 Item 5. 60 Item 5. 61 Item 5. 62 Item 5. 63 Item 5. 64 Item 5. 65 Item 5. 66 Item 5.