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05/02/2023-4A-Agenda Packet-Regular4A INDUSTRIAL DEVELOPMENT BOARD MEETING AGENDA MAY 02, 2023, 6:00 PM 4A INDUSTRIAL DEVELOPMENT BOARD REGULAR MEETING DEVELOPMENT SERVICES BUILDING - 201 BOLIVAR STREET, SANGER, TEXAS 76266 CALL THE REGULAR MEETING TO ORDER AND ESTABLISH A QUORUM INVOCATION AND PLEDGE CITIZENS COMMENTS This is an opportunity for citizens to address the Board 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 Board with regard to matters on the agenda will be received at the time the item is considered. The Board is not allowed to converse, deliberate or take action on any matter presented during citizen input. 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. 1. Consideration and possible action on 4A minutes from 04-04-2023 REPORTS Staff Reports are for discussion only. No action may be taken on items listed under this portion of the agenda. 2. Financial Reports 3. Director’s Report 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 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 Board or at the call of the President. 1 EXECUTIVE SESSION Pursuant to the Open Meetings Act, Chapter 551, the 4A Sanger Industrial Development Corporation Will Meet in a Closed Executive Session in Accordance with the Texas Government Code: Sec. 551.072. DELIBERATION REGARDING REAL PROPERTY For deliberations regarding the purchase, exchange, lease, or value of real property if deliberation in an open meeting would have a detrimental effect on the position of the governmental body in negotiations with a third person. Discuss the purchase of real property. RECONVENE INTO REGULAR SESSION Reconvene into Regular Session and take any action deemed necessary as a result of Executive Session. ADJOURN NOTE: The Board 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 April 28, 2023 at 10:00 A.M. Stefani Dodson Stefani Dodson, Secretary 2 4A INDUSTRIAL DEVELOPMENT BOARD COMMUNICATION DATE: May 2, 2023 FROM: Shani Bradshaw, Director of Economic Development AGENDA ITEM: Consideration and possible action on 4A minutes from 04-04-2023 SUMMARY: Consideration and possible action on 4A minutes from 04-04-2023 FISCAL INFORMATION: Budgeted: NA Amount: NA GL Account: NA RECOMMENDED MOTION OR ACTION: Staff recommends approval. ATTACHMENTS: 4A minutes from 04-04-2023 3 Item 1. 4A INDUSTRIAL DEVELOPMENT BOARD MEETING MINUTES APRIL 04, 2023, 5:30 PM 4A INDUSTRIAL DEVELOPMENT BOARD REGULAR MEETING HISTORIC CHURCH BUILDING - 403 N 7TH STREET, SANGER, TEXAS CALL THE REGULAR MEETING TO ORDER AND ESTABLISH A QUORUM Board Member Hall called the meeting to order at 5:30 P.M. BOARD MEMBERS PRESENT Board Member, Place 2 Sue Allison Board Member, Place 3 Shannon Gann Board Member, Place 4 Nancy McAlister Board Member, Place 5 Drew Hall BOARD MEMBERS ABSENT Board Member, Place 1 Chris Kundrock STAFF MEMBERS PRESENT: Director of Economic Development Shani Bradshaw, and Secretary Stefani Dodson CITIZENS COMMENTS No citizens came forward to speak REPORTS 1. Financial Reports Director Bradshaw gives a brief update on the financial report. 2. New Economic Development Website Overview Director Bradshaw gives a brief update on the new website. CONSENT AGENDA 3. Consideration and possible action on 4A minutes from 02-07-2023. 4 Item 1. 4. Consideration and possible action on 4A minutes from 02-28-2023. Motion to approve the consent agenda was made by Board Member Allison with the work “future” added to the minutes on 02-07-23, Seconded by Board Member McAlister. Voting Yea: Board Member Hall, Board Member Gann. The motion passes unanimously. DISCUSSION ITEMS 5. Discussion on the 4A Fiscal Year 2023-2024 Budget. Director Bradshaw goes over a few changes for the next year’s budget. FUTURE AGENDA ITEMS There were no future items discussed. EXECUTIVE SESSION Pursuant to the Open Meetings Act, Chapter 551, the 4A Sanger Industrial Development Corporation Will Meet in a Closed Executive Session in Accordance with the Texas Government Code: Sec. 551.072. DELIBERATION REGARDING REAL PROPERTY For deliberations regarding the purchase, exchange, lease, or value of real property if deliberation in an open meeting would have a detrimental effect on the position of the governmental body in negotiations with a third person. Discuss the purchase of real properties Board Member Hall convened the meeting into Executive Session at 6:29 p.m. RECONVENE INTO REGULAR SESSION Reconvene into Regular Session and take any action deemed necessary as a result of Executive Session. Board Member Hall reconvened the meeting at 7:08 p.m. ADJOURN There being no further business, Board Member Hall adjourned the meeting at 7:08 p.m. 5 Item 1. 4A INDUSTRIAL DEVELOPMENT BOARD COMMUNICATION DATE: May 2, 2023 FROM: Shani Bradshaw, Director of Economic Development AGENDA ITEM: Financial Reports SUMMARY:  Financial report for period ending March 31, 2023.  Revenues and expenditures reflect activity from October 1, 2022, through March 31, 2023  Sales Tax Collections for January 31, 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 6 Item 2. Percent Budget Actual of Budget Revenue Sales Tax 800,000 385,879 48% Interest Income 22,000 19,057 87% Transfer from 4B Total Revenue 822,000 404,935 49% Expenditures Salaries & Benefits 60,500 29,511 49% Supplies & Materials 47,750 19,568 41% Maintenance & Operations 5,800 281 5% Contract Services 25,000 14,293 57% Capital Outlay Debt Service Total Expenditures 139,050 63,653 46% Revenues Over Expenditures 682,950 341,282 Cash in Bank - First United 2,130,779 Cash in Bank - Prosperity 332,238 Money Market 483,213 Certificate of Deposit 95,972 Total Cash 3,042,202 March 31, 2023 Fund 4A Sanger Texas Industrial Development Corporation 7 Item 2. 4-26-2023 10:16 AM CITY OF SANGER PAGE: 1 REVENUE & EXPENSE REPORT (UNAUDITED) AS OF: MARCH 31ST, 2023 41 -4A CORPORATION FINANCIAL SUMMARY % OF YEAR COMPLETED: 50.00 CURRENT CURRENT YEAR TO DATE TOTAL BUDGET % YTD BUDGET PERIOD ACTUAL ENCUMBERED BALANCE BUDGET ____________________________________________________________________________________________________________________________ REVENUE SUMMARY TAXES 800,000 52,564.82 385,878.81 0.00 414,121.19 48.23 INTEREST 22,000 3,318.37 19,056.64 0.00 2,943.36 86.62 TOTAL REVENUES 822,000 55,883.19 404,935.45 0.00 417,064.55 49.26 EXPENDITURE SUMMARY 46-ECONOMIC DEVELOPMENT 139,050 8,135.32 63,652.98 ( 12,873.18) 88,270.20 36.52 74-TRANSFERS 15,000 0.00 15,000.00 0.00 0.00 100.00 ____________________________________________________________________________________________________________________________ TOTAL EXPENDITURES 154,050 8,135.32 78,652.98 ( 12,873.18) 88,270.20 42.70 REVENUE OVER/(UNDER) EXPENDITURES 667,950 47,747.87 326,282.47 12,873.18 328,794.35 50.78 8 Item 2. 4-26-2023 10:16 AM CITY OF SANGER PAGE: 2 REVENUE & EXPENSE REPORT (UNAUDITED) AS OF: MARCH 31ST, 2023 41 -4A CORPORATION FINANCIAL SUMMARY % OF YEAR COMPLETED: 50.00 CURRENT CURRENT YEAR TO DATE TOTAL BUDGET % YTD REVENUES BUDGET PERIOD ACTUAL ENCUMBERED BALANCE BUDGET ____________________________________________________________________________________________________________________________ TAXES 00-4325 STATE SALES TAX 800,000 52,564.82 385,878.81 0.00 414,121.19 48.23 TOTAL TAXES 800,000 52,564.82 385,878.81 0.00 414,121.19 48.23 GRANTS ____________ ______________ ______________ ______________ ______________ _______ INTEREST 00-4800 INTEREST INCOME 22,000 3,318.37 19,056.64 0.00 2,943.36 86.62 TOTAL INTEREST 22,000 3,318.37 19,056.64 0.00 2,943.36 86.62 RENTAL INCOME ____________ ______________ ______________ ______________ ______________ _______ TRANSFERS ____________ ______________ ______________ ______________ ______________ _______ ____________________________________________________________________________________________________________________________ TOTAL REVENUE 822,000 55,883.19 404,935.45 0.00 417,064.55 49.26 ============ ============== ============== ============== ============== ======= 9 Item 2. 4-26-2023 10:16 AM CITY OF SANGER PAGE: 3 REVENUE & EXPENSE REPORT (UNAUDITED) AS OF: MARCH 31ST, 2023 41 -4A CORPORATION 46-ECONOMIC DEVELOPMENT % OF YEAR COMPLETED: 50.00 CURRENT CURRENT YEAR TO DATE TOTAL BUDGET % YTD DEPARTMENTAL EXPENDITURES BUDGET PERIOD ACTUAL ENCUMBERED BALANCE BUDGET ____________________________________________________________________________________________________________________________ 51-SALARIES AND BENEFITS 46-5110 REGULAR SALARIES 43,050 3,246.64 21,103.16 0.00 21,946.84 49.02 46-5125 LONGEVITY PAY 350 0.00 306.00 0.00 44.00 87.43 46-5128 AUTO ALLOWANCE 3,000 250.00 1,500.00 0.00 1,500.00 50.00 46-5129 CELL PHONE ALLOWANCE 300 25.00 150.00 0.00 150.00 50.00 46-5130 FICA 3,600 265.75 1,742.33 0.00 1,857.67 48.40 46-5140 RETIREMENT 5,600 460.01 2,461.39 0.00 3,138.61 43.95 46-5150 HEALTH INSURANCE 4,200 353.76 2,124.19 0.00 2,075.81 50.58 46-5160 WORKER'S COMPENSATION 250 0.00 123.67 0.00 126.33 49.47 46-5170 T W C 150 0.00 0.00 0.00 150.00 0.00 TOTAL 51-SALARIES AND BENEFITS 60,500 4,601.16 29,510.74 0.00 30,989.26 48.78 52-SUPPLIES AND MATERIALS 46-5210 OFFICE SUPPLIES 500 18.39 386.69 0.00 113.31 77.34 46-5213 COMPUTER HARDWARE 1,500 764.86 764.86 902.31 ( 167.17) 111.14 46-5214 COMPUTER SOFTWARE 3,500 0.00 2,000.00 ( 2,000.00) 3,500.00 0.00 46-5215 FOOD 200 0.00 0.00 0.00 200.00 0.00 46-5220 POSTAGE 50 0.00 0.00 0.00 50.00 0.00 46-5226 MARKETING & PROMOTION 25,000 2,500.00 11,284.48 ( 2,453.12) 16,168.64 35.33 46-5235 DUES & SUBSCRIPTIONS 10,000 58.00 4,495.17 0.00 5,504.83 44.95 46-5240 CONFERENCES & TRAINING 7,000 158.41 637.10 0.00 6,362.90 9.10 TOTAL 52-SUPPLIES AND MATERIALS 47,750 3,499.66 19,568.30 ( 3,550.81) 31,732.51 33.54 53-MAINTENANCE AND OPERAT 46-5310 R & M BUILDING 5,000 0.00 0.00 0.00 5,000.00 0.00 46-5332 OFFICE MACHINE LEASE 800 34.50 280.61 0.00 519.39 35.08 TOTAL 53-MAINTENANCE AND OPERAT 5,800 34.50 280.61 0.00 5,519.39 4.84 54-CONTRACT SERVICES 46-5425 LEGAL SERVICES 1,000 0.00 0.00 0.00 1,000.00 0.00 46-5430 PROFESSIONAL SERVICES 23,000 0.00 8,213.33 ( 3,350.00) 18,136.67 21.14 46-5450 TECHNICAL SUPPORT 1,000 0.00 0.00 0.00 1,000.00 0.00 46-5452 WEBSITE 0 0.00 6,080.00 ( 5,972.37)( 107.63) 0.00 TOTAL 54-CONTRACT SERVICES 25,000 0.00 14,293.33 ( 9,322.37) 20,029.04 19.88 55-UTILITIE S ____________ ______________ ______________ ______________ ______________ _______ 56-GRANT EXPENSES ____________ ______________ ______________ ______________ ______________ _______ 60-CAPITAL OUTLAY < $5K ____________ ______________ ______________ ______________ ______________ _______ 10 Item 2. 4-26-2023 10:16 AM CITY OF SANGER PAGE: 4 REVENUE & EXPENSE REPORT (UNAUDITED) AS OF: MARCH 31ST, 2023 41 -4A CORPORATION 46-ECONOMIC DEVELOPMENT % OF YEAR COMPLETED: 50.00 CURRENT CURRENT YEAR TO DATE TOTAL BUDGET % YTD DEPARTMENTAL EXPENDITURES BUDGET PERIOD ACTUAL ENCUMBERED BALANCE BUDGET ____________________________________________________________________________________________________________________________ 61-CAPITAL OUTLAY ____________ ______________ ______________ ______________ ______________ _______ 71-DEPRECIATION ____________ ______________ ______________ ______________ ______________ _______ 70-DEBT PAYMENTS ____________ ______________ ______________ ______________ ______________ _______ ____________________________________________________________________________________________________________________________ TOTAL 46-ECONOMIC DEVELOPMENT 139,050 8,135.32 63,652.98 ( 12,873.18) 88,270.20 36.52 11 Item 2. 4-26-2023 10:16 AM CITY OF SANGER PAGE: 5 REVENUE & EXPENSE REPORT (UNAUDITED) AS OF: MARCH 31ST, 2023 41 -4A CORPORATION 74-TRANSFERS % OF YEAR COMPLETED: 50.00 CURRENT CURRENT YEAR TO DATE TOTAL BUDGET % YTD DEPARTMENTAL EXPENDITURES BUDGET PERIOD ACTUAL ENCUMBERED BALANCE BUDGET ____________________________________________________________________________________________________________________________ 74-TRANSFERS 74-7499 TRANSFER TO I S F 15,000 0.00 15,000.00 0.00 0.00 100.00 TOTAL 74-TRANSFERS 15,000 0.00 15,000.00 0.00 0.00 100.00 ____________________________________________________________________________________________________________________________ TOTAL 74-TRANSFERS 15,000 0.00 15,000.00 0.00 0.00 100.00 TOTAL EXPENDITURES 154,050 8,135.32 78,652.98 ( 12,873.18) 88,270.20 42.70 ============ ============== ============== ============== ============== ======= REVENUE OVER/(UNDER) EXPENDITURES 667,950 47,747.87 326,282.47 12,873.18 328,794.35 50.78 12 Item 2. 4-26-2023 10:16 AM CITY OF SANGER PAGE: 1 REVENUE & EXPENSE REPORT (UNAUDITED) AS OF: MARCH 31ST, 2023 42 -4B CORPORATION FINANCIAL SUMMARY % OF YEAR COMPLETED: 50.00 CURRENT CURRENT YEAR TO DATE TOTAL BUDGET % YTD BUDGET PERIOD ACTUAL ENCUMBERED BALANCE BUDGET ____________________________________________________________________________________________________________________________ REVENUE SUMMARY TAXES 800,000 52,564.82 385,878.81 0.00 414,121.19 48.23 INTEREST 30,000 3,046.99 17,076.11 0.00 12,923.89 56.92 TOTAL REVENUES 830,000 55,611.81 402,954.92 0.00 427,045.08 48.55 EXPENDITURE SUMMARY 74-TRANSFERS 227,500 0.00 227,500.00 0.00 0.00 100.00 76-4B FUND 644,050 158,653.71 297,942.94 104,583.60 241,523.46 62.50 ____________________________________________________________________________________________________________________________ TOTAL EXPENDITURES 871,550 158,653.71 525,442.94 104,583.60 241,523.46 72.29 REVENUE OVER/(UNDER) EXPENDITURES ( 41,550)( 103,041.90)( 122,488.02)( 104,583.60) 185,521.62 546.50 13 Item 2. 4-26-2023 10:16 AM CITY OF SANGER PAGE: 2 REVENUE & EXPENSE REPORT (UNAUDITED) AS OF: MARCH 31ST, 2023 42 -4B CORPORATION FINANCIAL SUMMARY % OF YEAR COMPLETED: 50.00 CURRENT CURRENT YEAR TO DATE TOTAL BUDGET % YTD REVENUES BUDGET PERIOD ACTUAL ENCUMBERED BALANCE BUDGET ____________________________________________________________________________________________________________________________ TAXES 00-4325 STATE SALES TAX 800,000 52,564.82 385,878.81 0.00 414,121.19 48.23 TOTAL TAXES 800,000 52,564.82 385,878.81 0.00 414,121.19 48.23 INTEREST 00-4800 INTEREST INCOME 30,000 3,046.99 17,076.11 0.00 12,923.89 56.92 TOTAL INTEREST 30,000 3,046.99 17,076.11 0.00 12,923.89 56.92 ____________________________________________________________________________________________________________________________ TOTAL REVENUE 830,000 55,611.81 402,954.92 0.00 427,045.08 48.55 ============ ============== ============== ============== ============== ======= 14 Item 2. 4A INDUSTRIAL DEVELOPMENT BOARD COMMUNICATION DATE: May 4, 2023 FROM: Shani Bradshaw, Director of Economic Development AGENDA ITEM: Director’s Report SUMMARY:  Director will provide an update on Economic Development projects, activities, and events. FISCAL INFORMATION: Budgeted: NA Amount: NA GL Account: NA RECOMMENDED MOTION OR ACTION: NA ATTACHMENTS: 15 Item 3. DIRECTOR’S REPORT APRIL 2023 1 | P a g e 1. Business Growth and Development Updates:  Quicktrip grand opening has been moved to July 2023.  Starbucks is scheduled for July or August 2023. 2. New Businesses: no updates 3. Marketing/Networking:  Quarterly Economic Development Newsletter  Zoom Prospector and ED Website  Business Spotlight Video 4. Grant Updates:  4B has approved three Property Enhancement Grant application o 311 N. 4th Street o 1106 Stemmons o 1108-1114 Stemmons 5. Sanger ED Updates:  Presented Economic Development Update to City Council on April 17.  Meeting with NCTC on April 25 to discuss programs and grant opportunities for workforce development.  2022 Economic Development Excellence Award – Sanger ED recognized by the Denton County Commissioners Court on May 2.  The Sale of the Warehouse has been completed.  FY 2023-2024 Budget update. 6. Other Updates: Attended  Monthly Ambassador Meeting  Monthly Chamber Luncheon  College/Trade/Career Fair 2023 Important Dates  May 1, 2023 – City Council Meeting  May 8-9, 2023 – SEDC Meet the Consultants  May 8-12, 2023 – Economic Development Week  May 10, 2023 – Business Over Breakfast  May 15, 2023 – City Council Meeting  May 22, 2023 – Monthly Ambassador Meeting  May 23, 2023 – 4B Board Meeting  May 25, 2023 – Chamber Luncheon  May 29, 2023 – Holiday 16 Item 3.