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
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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.
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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
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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
==============
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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.
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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.
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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
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