09/26/2023-4B-Agenda Packet-Regular (2)4B DEVELOPMENT CORPORATION
MEETING AGENDA
SEPTEMBER 26, 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.
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 4B minutes from 8/29/2023.
PUBLIC HEARING ITEMS
2. Conduct a Public Hearing on expenditures for conceptual renderings for a new
downtown park in an amount not to exceed $75,000.
ACTION ITEMS
3. Consider and possible action on expenditures for conceptual renderings for a new
downtown park in an amount not to exceed $75,000.
REPORTS
4. Financial Reports.
5. Director’s Report.
FUTURE AGENDA ITEMS
1
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 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 September 22, 2023, at 8:30 AM.
/s/Shani Bradshaw
Shani Bradshaw, Director of Economic Development
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: September 26, 2023
FROM: Shani Bradshaw, Director of Economic Development
AGENDA ITEM: Consideration and possible action on 4B minutes from 8/29/2023.
SUMMARY:
4B Board Minutes from 8/29/2023.
FISCAL INFORMATION:
Budgeted: NA Amount: NA GL Account: NA
RECOMMENDED MOTION OR ACTION:
Staff recommends approval.
ATTACHMENTS:
4B Minutes from 08/29/2023.
3
Item 1.
4B DEVELOPMENT CORPORATION
MEETING MINUTES
AUGUST 29, 2023, 6:00 PM
4B DEVELOPMENT CORPORATION REGULAR MEETING
DEVELOPMENT SERVICES BUILDING - 201 BOLIVAR STREET, SANGER, TEXAS 76266
CALL THE REGULAR MEETING TO ORDER AND ESTABLISH A QUORUM
As there was a quorum Jeff Springer called the meeting to order at 6:03 p.m.
BOARD MEMBERS PRESENT
Board Member, Place 3 Matt Fuller
Board Member, Place 5 Jeff Springer
Board Member, Place 6 Eddie Piercy
Board Member, Place 4 Beverly Howard
Board Member, Place 7 Carrie Bilyeu
BOARD MEMBERS ABSENT
Board Member, Place 1 Guy Saenz
Board Member, Place 2 John Payne
STAFF MEMBERS PRESENT:
Director of Economic Development Shani Bradshaw
CITIZENS COMMENTS
No citizens came forward to speak.
CONSENT AGENDA
1. Consideration and possible action on 4B minutes from 7/25/2023.
Board Member Bilyeu makes a motion to approve the consent agenda as shown. Board
Member Piercy seconded the motion.
Voting Yea: Board Member Fuller, Board Member Springer, Board Member Howard. Motion
passes unanimously.
4
Item 1.
ACTION ITEMS
2. Consideration and possible action on Property Enhancement Incentive application for
1406 W. Chapman.
Board Member Piercy makes a motion to approve Chicken Express, Property Enhancement
Application for 1406 West Chapman Drive for $9,445.20. Board member Bilyeu seconds the
motion.
Voting Yea: Board Member Fuller, Board Member Springer, Board Member Howard. Motion
passes unanimously.
REPORTS
3. Financial Reports
Director Bradshaw goes over the financial report.
4. Director Report.
Director Bradshaw provides updates.
FUTURE AGENDA ITEMS
No future items were discussed.
ADJOURN
As there were no further items on the agenda Jeff Springer adjourned the meeting at 6:23 p.m.
5
Item 1.
4B DEVELOPMENT CORPORATION
COMMUNICATION
DATE: September 26, 2023
FROM: Shani Bradshaw, Director of Economic Development
AGENDA ITEM: Conduct a Public Hearing on expenditures for conceptual renderings for a new
downtown park in an amount not to exceed $75,000.
SUMMARY:
The board has expressed the desire to initiate the design of undeveloped parkland in the
Downtown area.
The board approved allocating $75,000 to the 2023-2024 FY Budget for conceptual renderings.
Notice of Public Hearing was published in the Denton Record-Chronicle on September 9, 2023, and
September 16, 2023.
FISCAL INFORMATION:
Budgeted: Yes Amount: $75,000 GL Account: NA
RECOMMENDED MOTION OR ACTION:
NA
ATTACHMENTS:
Notice of public hearing
6
Item 2.
NOTICE OF PUBLIC HEARING
4B SANGER TEXAS DEVELOPMENT CORPORATION
Notice is hereby given that a public hearing will be held by the 4B Sanger Texas Develo pment
Corporation in the Historic Church Building, 403 N 7th Street, Sanger, Texas at 6:00 p.m. on
Tuesday, September 26, 2023, for the purpose of the following:
Conceptual rendering for a new downtown park not to exceed the cost of $75,000.
To learn more about this project, please contact the Economic Development Department at
(940)458-9096 or via email at sbradshaw@sangertexas.org.
7
Item 2.
4B DEVELOPMENT CORPORATION
COMMUNICATION
DATE: September 26, 2023
FROM: Shani Bradshaw, Director of Economic Development
AGENDA ITEM: Consider and possible action on expenditures for conceptual renderings for a
new downtown park in an amount not to exceed $75,000.
SUMMARY:
The board has expressed the desire to initiate the design of undeveloped parkland in the
Downtown area.
Notice of Public Hearing was published in the Denton Record-Chronicle on September 9, 2023, and
September 16, 2023.
Notice of Public Hearing was published in the Denton Record-Chronicle on September 9, 2023, and
September 16, 2023.
FISCAL INFORMATION:
Budgeted: Yes Amount: $75,000 GL Account: NA
RECOMMENDED MOTION OR ACTION:
Staff recommends approval. (RECOMMENDED MOTION) – I make a motion to approve
expenditures for conceptual renderings for a new downtown park in an amount not to exceed
$75,000.
ATTACHMENTS:
Notice of public hearing
8
Item 3.
4B DEVELOPMENT CORPORATION
COMMUNICATION
DATE: September 26, 2023
FROM: Shani Bradshaw, Director of Economic Development
AGENDA ITEM: Financial Reports.
SUMMARY:
Financial Reports for the period ending August 31, 2023.
Revenues and expenditures reflect activity from October 1, 2022, through August 31, 2023.
Sales Tax Collections for August 31, 2023.
FISCAL INFORMATION:
Budgeted: NA Amount: NA GL Account: NA
RECOMMENDED MOTION OR ACTION:
NA
ATTACHMENTS:
Monthly Financial Report – August 2023
Revenue Expense Report – August 2023
Sales Tax Report – August 2023
9
Item 4.
Percent
Budget Actual of Budget
Revenue
Sales Tax 800,000 692,502 87%
Interest Income 30,000 58,685 196%
Grants 15,040
Total Revenue 830,000 766,227 92%
Expenditures
Salaries and Benefits 60,500 54,502 90%
Transfer to Debt Service Fund 227,500 227,500 100%
Supplies and Matterials 38,750 30,062 78%
Maintenance and Operation 800 723 90%
Contract Services 15,000 11,168 74%
Grant Expenses 50,000 10,000 20%
Capital Outlay 479,000 276,910 58%
Total Expenditures 871,550 610,865 70%
Revenues Over Expenditures (41,550) 155,362
Cash in Bank - Checking 204,279
Certificate of Deposit 286,971
Claim on Cash 1,981,782
Total Cash 2,473,032
August 31, 2023
Fund 4B
Sanger Texas Development Corporation
10
Item 4.
9-19-2023 08:35 AM CITY OF SANGER PAGE: 1
REVENUE & EXPENSE REPORT (UNAUDITED)
AS OF: AUGUST 31ST, 2023
42 -4B CORPORATION
FINANCIAL SUMMARY % OF YEAR COMPLETED: 91.67
CURRENT CURRENT YEAR TO DATE TOTAL BUDGET % YTD
BUDGET PERIOD ACTUAL ENCUMBERED BALANCE BUDGET
____________________________________________________________________________________________________________________________
REVENUE SUMMARY
TAXES 800,000 62,806.69 692,502.00 0.00 107,498.00 86.56
INTEREST 30,000 4,285.48 34,285.06 0.00 ( 4,285.06) 114.28
TOTAL REVENUES 830,000 67,092.17 726,787.06 0.00 103,212.94 87.56
EXPENDITURE SUMMARY
74-TRANSFERS 227,500 0.00 227,500.00 0.00 0.00 100.00
76-4B FUND 644,050 8,699.63 373,365.10 78,413.21 192,271.69 70.15
____________________________________________________________________________________________________________________________
TOTAL EXPENDITURES 871,550 8,699.63 600,865.10 78,413.21 192,271.69 77.94
REVENUE OVER/(UNDER) EXPENDITURES ( 41,550) 58,392.54 125,921.96 ( 78,413.21)( 89,058.75) 114.34-
11
Item 4.
9-19-2023 08:35 AM CITY OF SANGER PAGE: 2
REVENUE & EXPENSE REPORT (UNAUDITED)
AS OF: AUGUST 31ST, 2023
42 -4B CORPORATION
FINANCIAL SUMMARY % OF YEAR COMPLETED: 91.67
CURRENT CURRENT YEAR TO DATE TOTAL BUDGET % YTD
REVENUES BUDGET PERIOD ACTUAL ENCUMBERED BALANCE BUDGET
____________________________________________________________________________________________________________________________
TAXES
00-4325 STATE SALES TAX 800,000 62,806.69 692,502.00 0.00 107,498.00 86.56
TOTAL TAXES 800,000 62,806.69 692,502.00 0.00 107,498.00 86.56
INTEREST
00-4800 INTEREST INCOME 30,000 4,285.48 34,285.06 0.00 ( 4,285.06) 114.28
TOTAL INTEREST 30,000 4,285.48 34,285.06 0.00 ( 4,285.06) 114.28
____________________________________________________________________________________________________________________________
TOTAL REVENUE 830,000 67,092.17 726,787.06 0.00 103,212.94 87.56
============ ============== ============== ============== ============== =======
12
Item 4.
9-19-2023 08:35 AM CITY OF SANGER PAGE: 3
REVENUE & EXPENSE REPORT (UNAUDITED)
AS OF: AUGUST 31ST, 2023
42 -4B CORPORATION
74-TRANSFERS % OF YEAR COMPLETED: 91.67
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
13
Item 4.
9-19-2023 08:35 AM CITY OF SANGER PAGE: 4
REVENUE & EXPENSE REPORT (UNAUDITED)
AS OF: AUGUST 31ST, 2023
42 -4B CORPORATION
76-4B FUND % OF YEAR COMPLETED: 91.67
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 38,959.92 0.00 4,090.08 90.50
76-5125 LONGEVITY PAY 350 0.00 306.00 0.00 44.00 87.43
76-5128 AUTO ALLOWANCE 3,000 250.00 2,750.00 0.00 250.00 91.67
76-5129 CELL PHONE ALLOWANCE 300 25.00 275.00 0.00 25.00 91.67
76-5130 FICA 3,600 265.75 3,195.47 0.00 404.53 88.76
76-5140 RETIREMENT 5,600 460.01 4,973.44 0.00 626.56 88.81
76-5150 HEALTH INSURANCE 4,200 353.72 3,892.51 0.00 307.49 92.68
76-5160 WORKER'S COMPENSATION 250 0.00 123.41 0.00 126.59 49.36
76-5170 T W C 150 0.00 25.75 0.00 124.25 17.17
TOTAL 51-SALARIES AND BENEFITS 60,500 4,601.14 54,501.50 0.00 5,998.50 90.09
52-SUPPLIES AND MATERIALS
76-5210 OFFICE SUPPLIES 500 38.99 287.65 0.00 212.35 57.53
76-5213 COMPUTER HARDWARE 1,500 225.00 989.85 609.81 ( 99.66) 106.64
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 6.30 0.00 43.70 12.60
76-5226 MARKETING & PROMOTION 20,000 1,990.00 16,554.81 ( 1,078.11) 4,523.30 77.38
76-5235 DUES & SUBSCRIPTIONS 8,000 1,782.50 8,173.18 0.00 ( 173.18) 102.16
76-5240 CONFERENCES & TRAINING 5,000 0.00 2,050.01 0.00 2,949.99 41.00
TOTAL 52-SUPPLIES AND MATERIALS 38,750 4,036.49 30,061.80 ( 2,468.30) 11,156.50 71.21
53-MAINTENANCE AND OPERAT
76-5332 OFFICE MACHINE LEASE 800 62.00 723.26 0.00 76.74 90.41
TOTAL 53-MAINTENANCE AND OPERAT 800 62.00 723.26 0.00 76.74 90.41
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 0.00 5,088.33 ( 3,350.00) 11,261.67 13.37
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 0.00 11,168.33 ( 9,322.37) 13,154.04 12.31
56-GRANT EXPENSES
76-5603 PROPERTY ENHANCEMENTS IN 50,000 0.00 0.00 10,000.00 40,000.00 20.00
TOTAL 56-GRANT EXPENSES 50,000 0.00 0.00 10,000.00 40,000.00 20.00
61-CAPITAL OUTLAY
76-6116 PORTER PARK UPDATES 349,000 0.00 276,910.21 80,203.88 ( 8,114.09) 102.32
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 0.00 276,910.21 80,203.88 121,885.91 74.55
14
Item 4.
9-19-2023 08:35 AM CITY OF SANGER PAGE: 5
REVENUE & EXPENSE REPORT (UNAUDITED)
AS OF: AUGUST 31ST, 2023
42 -4B CORPORATION
76-4B FUND % OF YEAR COMPLETED: 91.67
CURRENT CURRENT YEAR TO DATE TOTAL BUDGET % YTD
DEPARTMENTAL EXPENDITURES BUDGET PERIOD ACTUAL ENCUMBERED BALANCE BUDGET
____________________________________________________________________________________________________________________________
74-TRANSFERS ____________ ______________ ______________ ______________ ______________ _______
____________________________________________________________________________________________________________________________
TOTAL 76-4B FUND 644,050 8,699.63 373,365.10 78,413.21 192,271.69 70.15
TOTAL EXPENDITURES 871,550 8,699.63 600,865.10 78,413.21 192,271.69 77.94
============ ============== ============== ============== ============== =======
REVENUE OVER/(UNDER) EXPENDITURES ( 41,550) 58,392.54 125,921.96 ( 78,413.21)( 89,058.75) 114.34-
15
Item 4.
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 55,222 65,621 65,621
NOV 42,075 84,036 50,054 102,656 55,222 105,525 61,751 127,372
DEC 44,092 128,128 52,405 155,061 48,145 153,670 72,220 199,591
JAN 27,585 155,713 44,941 200,002 56,155 209,825 61,974 261,565
FEB 70,059 225,772 62,144 262,146 76,753 286,579 71,749 333,314
MAR 40,966 266,738 49,700 311,846 57,471 344,049 52,565 385,879
APR 35,736 302,474 48,180 360,026 44,446 388,495 54,627 440,506
MAY 41,692 344,166 63,691 423,717 64,395 452,890 67,275 507,780
JUN 50,482 394,647 47,099 470,816 65,968 518,858 60,186 567,966
JUL 49,189 443,837 50,290 521,106 56,987 575,845 61,729 629,695
AUG 47,386 491,222 62,523 583,629 68,209 644,054 62,807 692,502
SEP 42,073 553,295 52,474 636,104 51,911 695,965
TOTAL 533,295 533,295 636,104 636,104 695,965 695,965 692,502
BUDGET 385,000 148,295 462,500 173,604 600,000 95,965 800,000 (800,000)
Actual Actual %Actual Actual %
2022 2023 Change 2022 2023 Change
$ 68,209 $ 62,807 7.92%$ 644,054 $ 692,502 7.52%
August Year To Date
533,295
636,104
695,965 692,502
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
16
Item 4.
4B DEVELOPMENT CORPORATION
COMMUNICATION
DATE: September 26, 2023
FROM: Shani Bradshaw, Director of Economic Development
AGENDA ITEM: Director’s Report.
SUMMARY:
Business Growth Updates
Marketing / Networking
Property Enhancement Grant Program Update
Downtown Park Project
Miracle League / Porter Park Project
Other Updates
Important Dates
FISCAL INFORMATION:
Budgeted: NA Amount: NA GL Account: NA
RECOMMENDED MOTION OR ACTION:
NA
ATTACHMENTS:
Director’s Report
17
Item 5.
DIRECTOR’S REPORT
SEPTEMBER 2023
1 | P a g e
Business Growth and Development Updates:
Uptown Creamery coming soon in Downtown
QuikTrip opened
Starbucks opened
Property at Church Street and Stemmons Service Road
o Medical Office
o Platting Process
Property north of the Trail Dust Steakhouse
o 1 Developer Meeting
o Future Retail Site
Marketing/Networking:
Quarterly Economic Development Newsletter will be distributed in October.
Business Spotlight Video
o Gypsy Cowgirl
o Gibson Insurance
o Silver Lining
o McDonald's
Property Enhancement Grant Program:
6 Applications Received
Total Grants $47,485
Total Project Investment: $325,674
Downtown Park Project:
Notice was posted seeking proposals for downtown conceptual plans
Responses were opened on September 19, 2023
Only 1 proposal was received
Miracle League/Porter Park 2 Project:
Membership fee and application were submitted
Staff has received the Miracle League Packet and it is being reviewed
Staff and board member Fuller attended Miracle League kick-off in Denton on Saturday, September 16, 2023
Responses were opened on September 19, 2023
Only 1 proposal was received
Other Updates:
Attended
Coffee with the City Manager and Coffee with a Cop
City Showcase was held on Thursday, September 14th
Attended the IEDC Annual Conference in Dallas
Attended the DFW N. Central TX Industrial Conference
Sanger Education Foundation – Lunch with the City.
a. Economic Development Sponsored event
18
Item 5.
DIRECTOR’S REPORT
SEPTEMBER 2023
2 | P a g e
b. Invited 24 Guest, including commercial real estate brokers and developers
2023 Important Dates
October 1, 2023 – City Council Meeting
October 3, 2023 – 4A Board Meeting
October 11, 2023 – Business over breakfast
October 11-13 – TEDC Annual Conference in Houston
October 16, 2023 – City Council Meeting
October 25, 2023 – Chamber Business Luncheon
October 28, 2023 – Sanger Sellabration
19
Item 5.