08/12/2011-4A-Minutes-RegularMINUTES: 4A
SANGER TEXAS INDUSTRIAL DEVELOPMENT CORPORATION
August 12, 2011
MEMBERS
PRESENT: Vickie Jenkins, Don "Gillum, Carroll McNeill, Fred Yeatts, John Jacobs
OTHERS
PRESENT: Mike Brice City Manager, Tami Taber City Secretary, Steve Watkins of Elk
River and Matt Soltis
1. Call Meeting to Order.
Vickie Jenkins called meeting to order at 9:30 a.m..
2. Approval of Minutes: June 7, 2011
Don Gillum made a motion to approve minutes. Seconded by Fred Yeatts. Motion
carried unanimously.
3. Election of Officers.
Don Gillum nominated Vickie Jenkins as President. Seconded by Carroll McNeill.
Motion carried unanimously.
Fred Yeatts nominated Don Gillum as Vice -President. Seconded by Carroll
McNeill. Motion carried unanimously.
4. Discuss, Consider and Approve 2011/2012 Budget.
City Manager noted that the transfer line item amount in the expenditure summary
should be $15,500 not $18,000 as shown.
Carroll McNeill made a motion to approve. Seconded by Don Gillum. Motion
carried unanimously.
5. Discuss, Consider and Approve Lease Terms for 103 Bolivar and Authorize City
Manager to Execute a Lease.
Don Gillum made a motion to approve, subject to the changes in terms of the lease
discussed then City Manager can execute. Seconded by Fred Yeatts. Motion
carried unanimously.
6. Review Financials.
City Manager advised that revenues are still up and the last sales tax payment was
$94,000.
7. Adjourn.
Meeting was adjourned at 10:07 a.m.