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01/23/2024-4B-Agenda Packet-Regular4B DEVELOPMENT CORPORATION MEETING AGENDA JANUARY 23, 2024, 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 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. DISCUSSION ITEMS 1. Discussion regarding the development of a Strategic Plan. 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. 2. Consideration and possible action on 4B minutes from 11/28/2023. PUBLIC HEARING ITEMS 3. Conduct a Public Hearing on expenditures for conceptual renderings for Porter Sports Park Phase 2 in an amount not to exceed $75,000. ACTION ITEMS 4. Consideration and possible action on expenditures for conceptual renderings for Porter Park Phase 2 in an amount not to exceed $75,000. 5. Consideration and possible action on Property Enhancement Incentive application for 204 Bolivar. 1 6. Consideration and possible action on Property Enhancement Incentive application for 205 Acker Street. REPORTS 7. Financial Reports. 8. 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 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 January, 19, at 8:15 AM. 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: January 17, 2024 FROM: Shani Bradshaw, Director of Economic Development AGENDA ITEM: Discussion regarding the development of a Strategic Plan. SUMMARY:  Discussion on implementing an Economic Development Strategic Plan. FISCAL INFORMATION: Budgeted: NA Amount: NA GL Account: NA RECOMMENDED MOTION OR ACTION: ATTACHMENTS: NA 3 Item 1. 4B DEVELOPMENT CORPORATION COMMUNICATION DATE: January 23, 2024 FROM: Shani Bradshaw, Director of Economic Development AGENDA ITEM: Consideration and possible action on 4B minutes from 11/28/2023. SUMMARY:  4B Board Minutes from 11/28/2023. FISCAL INFORMATION: Budgeted: NA Amount: NA GL Account: NA RECOMMENDED MOTION OR ACTION: Staff recommends approval. ATTACHMENTS: 4B Minutes from 11/28/2023 4 Item 2. 4B Minutes 11-28-23 Page 1 of 2 4B DEVELOPMENT CORPORATION MEETING MINUTES NOVEMBER 28, 2023, 6:00 PM 4B DEVELOPMENT CORPORATION SPECIAL 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 1 Guy Saenz Board Member, Place 2 John Payne 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 STAFF MEMBERS PRESENT: Director of Economic Development Shani Bradshaw, Secretary Stefani Dodson CITIZENS COMMENTS No citizens came forward to speak. INVOCATION AND PLEDGE CITIZENS COMMENTS No citizens came forward to speak. DISCUSSION ITEMS 1. Discussion regarding the development of a Strategic Plan. Director Bradshaw provided an overview of an economic development strategic plan. CONSENT AGENDA 5 Item 2. 4B Minutes 11-28-23 Page 2 of 2 2. Consideration and possible action on 4B minutes from 9-26-2023. Board Member Fuller makes a motion to approve the consent agenda as shown. Board Member Saenz seconded the motion. Voting Yea: Board Member Bilyeu, Board Member Springer, Board Member Piercy, Board Member Howard. The motion passes unanimously. ACTION ITEMS 3. Discussion and possible action on amending the Property Enhancement Improvement Grant for 1406 W. Chapman Drive. Director Bradshaw pulls the item from the agenda. FUTURE AGENDA ITEMS Board Member Payne would like to add the Strategic Plan to the next agenda. ADJOURN As there were no further items on the agenda Board Member Payne adjourned the meeting at 6:45 p.m. 6 Item 2. 4B DEVELOPMENT CORPORATION COMMUNICATION DATE: January 23, 2024 FROM: Shani Bradshaw, Director of Economic Development AGENDA ITEM: Conduct a Public Hearing on expenditures for conceptual renderings for Porter Sports Park Phase 2 in an amount not to exceed $75,000. SUMMARY:  The board has expressed the desire to initiate the design of a multi-use sports park that includes a Miracle League Field on 45 acres of undeveloped parkland in the southeast area of Sanger.  The original layout for Porter Sports Park Phase 2 was created in July 2012 and does not include a Miracle League Field.  Staff is requesting an update to this layout of the park with an emphasis on one Miracle League Field.  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 December 27, 2023, and January 3, 2024. FISCAL INFORMATION: Budgeted: Yes Amount: $75,000 GL Account: NA RECOMMENDED MOTION OR ACTION:  NA ATTACHMENTS:  Notice of public hearing 7 Item 3. NOTICE OF PUBLIC HEARING4B SANGER TEXAS DEVELOPMENT CORPORATION Notice is hereby given that a public hearing will be held by the 4B Sanger Texas Development Corporation at the Development Services Building, 201 Bolivar Street, Sanger, Texas at 6:00 p.m. on Tuesday, January 23, 2024, for the purpose of the following:· Conceptual rendering for approximat ely 45 acres of currently undeveloped parkland not to exceed the cost of $75,000.To learn more about this project, please contact the Economic Development Department at (940)458-9 096 or via email at sbradshaw@ sangertexas.org . drc 12/27/2023, 01/03/2024 8 Item 3. 4B DEVELOPMENT CORPORATION COMMUNICATION DATE: January 23, 2024 FROM: Shani Bradshaw, Director of Economic Development AGENDA ITEM: Consideration and possible action on expenditures for conceptual renderings for Porter Park Phase 2 in an amount not to exceed $75,000. SUMMARY:  The board has expressed the desire to initiate the design of a multi-use sports park that includes a Miracle League Field on 45 acres of undeveloped parkland in the southeast area of Sanger.  The original layout for Porter Sports Park Phase 2 was created in July 2012 and does not include a Miracle League Field.  Staff is requesting an update to this layout of the park with an emphasis on one Miracle League Field.  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:  Staff recommends approval. (RECOMMENDED MOTION) – I make a motion to approve expenditures for conceptual renderings for Porter Park Phase 2 in an amount not to exceed $75,000. ATTACHMENTS:  Notice of public hearing 9 Item 4. NOTICE OF PUBLIC HEARING4B SANGER TEXAS DEVELOPMENT CORPORATION Notice is hereby given that a public hearing will be held by the 4B Sanger Texas Development Corporation at the Development Services Building, 201 Bolivar Street, Sanger, Texas at 6:00 p.m. on Tuesday, January 23, 2024, for the purpose of the following:· Conceptual rendering for approximat ely 45 acres of currently undeveloped parkland not to exceed the cost of $75,000.To learn more about this project, please contact the Economic Development Department at (940)458-9 096 or via email at sbradshaw@ sangertexas.org . drc 12/27/2023, 01/03/2024 10 Item 4. 4B DEVELOPMENT CORPORATION COMMUNICATION DATE: January 23, 2024 FROM: Shani Bradshaw, Director of Economic Development AGENDA ITEM: Consideration and possible action on Property Enhancement Incentive application for 204 Bolivar. SUMMARY:  Owner will be painting the exterior building, front and back, with a color that meets the city’s exterior façade design criteria.  A Black finish glass frame overhead door will be installed, along with black frame store front windows and two black awnings.  On the back side of the building, the pre-existing frames will be painted black and the original glass will be replaced. A Black Frame overhead door with glass and a black awning will be installed  Applicant has provided 2 quotes for the façade enhancements.  Total Investment is $65,146.00  Grant request amount is $10,000.  Funding is available. FISCAL INFORMATION: Budgeted: Yes Amount: $60,000 GL Account: NA RECOMMENDED MOTION OR ACTION: Staff recommends approval. (RECOMMENDED MOTION) – I make a motion to approve TMB Investment Holding & LLC grant application in the amount of $10,000. ATTACHMENTS:  Property Enhancement Incentive Program Application – 204 Bolivar 11 Item 5. 12 Item 5. 13 Item 5. 14 Item 5. 15 Item 5. 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. 4B DEVELOPMENT CORPORATION COMMUNICATION DATE: January 23, 2024 FROM: Shani Bradshaw, Director of Economic Development AGENDA ITEM: Consideration and possible action on Property Enhancement Incentive application for 205 Acker Street. SUMMARY:  Owner will be installing a monument sign to help improve brand awareness and viability, and to ensure customers they are open for business.  Owner will be installing landscaping to improve the physical appearance by using native Texas plants.  Applicant has provided 2 sign quotes and 2 landscaping quotes.  Total investment is $22,597.68.  Grant request amount is $10,000.  Funding is available. FISCAL INFORMATION: Budgeted: Yes Amount: $60,000 GL Account: NA RECOMMENDED MOTION OR ACTION:  Staff recommends approval. (RECOMMENDED MOTION) – I make a motion to approve D&L Farm and Home grant application in the amount of $10,000. ATTACHMENTS:  Property Enhancement Incentive Program Application – 315 N. 5TH Street 26 Item 6. 27 Item 6. 28 Item 6. 29 Item 6. 30 Item 6. 31 Item 6. 32 Item 6. 33 Item 6. 34 Item 6. 35 Item 6. 36 Item 6. 37 Item 6. 38 Item 6. 39 Item 6. 40 Item 6. 41 Item 6. 42 Item 6. 43 Item 6. 44 Item 6. 45 Item 6. 46 Item 6. 47 Item 6. 48 Item 6. 49 Item 6. 50 Item 6. 51 Item 6. 52 Item 6. 53 Item 6. 54 Item 6. 55 Item 6. 56 Item 6. 57 Item 6. 58 Item 6. 59 Item 6. 60 Item 6. 61 Item 6. 62 Item 6. 63 Item 6. 64 Item 6. 4B DEVELOPMENT CORPORATION COMMUNICATION DATE: January 23, 2024 FROM: Shani Bradshaw, Director of Economic Development AGENDA ITEM: Financial Reports. SUMMARY:  Financial Reports for the period ending November 30, 2023.  Revenues and expenditures reflect activity from October 1, 2023, through November 30, 2023.  Sales Tax Collections for December 31, 2023. FISCAL INFORMATION: Budgeted: NA Amount: NA GL Account: NA RECOMMENDED MOTION OR ACTION: NA ATTACHMENTS: Monthly Financial Report – November 2023 Revenue Expense Report – November 2023 Sales Tax Report – December 2023 65 Item 7. 1-08-2024 09:54 AM CITY OF SANGER PAGE: 1 BALANCE SHEET AS OF: NOVEMBER 30TH, 2023 42 -4B CORPORATION ACCOUNT # ACCOUNT DESCRIPTION BALANCE _____________________________________________________________________________________________ ASSETS ====== 42-00-1000 CLAIM ON CASH 2,324,916.47 42-00-1010 CKG - 4B CASH (2379694) 205,145.65 42-00-1013 CD - 4B #653500 22,505.58 42-00-1014 CD - 4B #659924 22,284.26 42-00-1015 CD - 4B #664243 22,325.62 42-00-1016 CD - 4B #673277 22,285.43 42-00-1017 CD - 4B #686115 22,289.03 42-00-1018 CD - 4B #689521 22,270.36 42-00-1019 CD - 4B #694371 22,287.47 42-00-1020 CD - 4B #697230 22,343.67 42-00-1021 CD - 4B #699934 22,250.32 42-00-1022 CD - 4B #702285 22,043.45 42-00-1023 CD - 4B #706078 22,114.93 42-00-1024 CD - 4B #720097 21,909.70 42-00-1025 CD - 4B #720119 21,854.91 42-00-1153 SALES TAX RECEIVABLE 84,045.01 2,902,871.86 TOTAL ASSETS 2,902,871.86 ============== LIABILITIES =========== 42-00-2000 ACCOUNTS PAYABLE CONTROL 1,898.97 42-00-2403 ACCRUED WAGES PAYABLE 1,823.10 42-00-2409 PREPAID RENTAL INCOME 900.00 42-00-2900 ENCUMBRANCE ( 12,330.01) 42-00-2910 RESERVE FOR ENCUMBRANCE 12,330.01 42-00-2950 DUE TO GENERAL FUND 9,335.71 TOTAL LIABILITIES 13,957.78 EQUITY ====== 42-00-3015 FUND BALANCE - RESTRICTED 2,817,045.53 TOTAL BEGINNING EQUITY 2,817,045.53 TOTAL REVENUE 164,391.59 TOTAL EXPENSES 92,523.04 TOTAL REVENUE OVER/(UNDER) EXPENSES 71,868.55 TOTAL EQUITY & REV. OVER/(UNDER) EXP. 2,888,914.08 TOTAL LIABILITIES, EQUITY & REV.OVER/(UNDER) EXP. 2,902,871.86 ============== 66 Item 7. 1-08-2024 09:55 AM CITY OF SANGER PAGE: 1 REVENUE & EXPENSE REPORT (UNAUDITED) AS OF: NOVEMBER 30TH, 2023 42 -4B CORPORATION FINANCIAL SUMMARY % OF YEAR COMPLETED: 16.67 CURRENT CURRENT YEAR TO DATE TOTAL BUDGET % YTD BUDGET PERIOD ACTUAL ENCUMBERED BALANCE BUDGET ____________________________________________________________________________________________________________________________ REVENUE SUMMARY TAXES 875,000 72,499.23 156,544.24 0.00 718,455.76 17.89 MISCELLANEOUS INCOME 35,000 3,998.84 7,847.35 0.00 27,152.65 22.42 TOTAL REVENUES 910,000 76,498.07 164,391.59 0.00 745,608.41 18.07 EXPENDITURE SUMMARY 74-TRANSFERS 195,000 0.00 0.00 0.00 195,000.00 0.00 76-4B FUND 362,625 5,927.99 92,523.04 ( 78,659.01) 348,760.97 3.82 ____________________________________________________________________________________________________________________________ TOTAL EXPENDITURES 557,625 5,927.99 92,523.04 ( 78,659.01) 543,760.97 2.49 REVENUE OVER/(UNDER) EXPENDITURES 352,375 70,570.08 71,868.55 78,659.01 201,847.44 42.72 67 Item 7. 1-08-2024 09:55 AM CITY OF SANGER PAGE: 2 REVENUE & EXPENSE REPORT (UNAUDITED) AS OF: NOVEMBER 30TH, 2023 42 -4B CORPORATION FINANCIAL SUMMARY % OF YEAR COMPLETED: 16.67 CURRENT CURRENT YEAR TO DATE TOTAL BUDGET % YTD REVENUES BUDGET PERIOD ACTUAL ENCUMBERED BALANCE BUDGET ____________________________________________________________________________________________________________________________ TAXES 00-4325 STATE SALES TAX 875,000 72,499.23 156,544.24 0.00 718,455.76 17.89 TOTAL TAXES 875,000 72,499.23 156,544.24 0.00 718,455.76 17.89 MISCELLANEOUS INCOME 00-4800 INTEREST INCOME 35,000 3,998.84 7,847.35 0.00 27,152.65 22.42 TOTAL MISCELLANEOUS INCOME 35,000 3,998.84 7,847.35 0.00 27,152.65 22.42 ____________________________________________________________________________________________________________________________ TOTAL REVENUE 910,000 76,498.07 164,391.59 0.00 745,608.41 18.07 ============ ============== ============== ============== ============== ======= 68 Item 7. 1-08-2024 09:55 AM CITY OF SANGER PAGE: 3 REVENUE & EXPENSE REPORT (UNAUDITED) AS OF: NOVEMBER 30TH, 2023 42 -4B CORPORATION 74-TRANSFERS % OF YEAR COMPLETED: 16.67 CURRENT CURRENT YEAR TO DATE TOTAL BUDGET % YTD DEPARTMENTAL EXPENDITURES BUDGET PERIOD ACTUAL ENCUMBERED BALANCE BUDGET ____________________________________________________________________________________________________________________________ 74-TRANSFERS 74-7403 TRANSFER TO DSF 180,000 0.00 0.00 0.00 180,000.00 0.00 74-7499 TRANSFER TO ISF 15,000 0.00 0.00 0.00 15,000.00 0.00 TOTAL 74-TRANSFERS 195,000 0.00 0.00 0.00 195,000.00 0.00 ____________________________________________________________________________________________________________________________ TOTAL 74-TRANSFERS 195,000 0.00 0.00 0.00 195,000.00 0.00 69 Item 7. 1-08-2024 09:55 AM CITY OF SANGER PAGE: 4 REVENUE & EXPENSE REPORT (UNAUDITED) AS OF: NOVEMBER 30TH, 2023 42 -4B CORPORATION 76-4B FUND % OF YEAR COMPLETED: 16.67 CURRENT CURRENT YEAR TO DATE TOTAL BUDGET % YTD DEPARTMENTAL EXPENDITURES BUDGET PERIOD ACTUAL ENCUMBERED BALANCE BUDGET ____________________________________________________________________________________________________________________________ 51-SALARIES AND BENEFITS 76-5110 REGULAR SALARIES 44,335 3,378.47 6,756.94 0.00 37,578.06 15.24 76-5117 VACATION COMPENSATION 1,000 0.00 0.00 0.00 1,000.00 0.00 76-5125 LONGEVITY PAY 385 0.00 0.00 0.00 385.00 0.00 76-5128 AUTO ALLOWANCE 3,000 250.00 500.00 0.00 2,500.00 16.67 76-5129 CELL PHONE ALLOWANCE 300 25.01 50.02 0.00 249.98 16.67 76-5130 FICA 3,675 279.80 559.60 0.00 3,115.40 15.23 76-5140 RETIREMENT 6,215 476.94 953.88 0.00 5,261.12 15.35 76-5150 HEALTH INSURANCE 4,200 351.77 703.54 0.00 3,496.46 16.75 76-5160 WORKER'S COMPENSATION 235 0.00 114.21 0.00 120.79 48.60 76-5170 T W C 130 0.00 0.00 0.00 130.00 0.00 TOTAL 51-SALARIES AND BENEFITS 63,475 4,761.99 9,638.19 0.00 53,836.81 15.18 52-SUPPLIES AND MATERIALS 76-5210 OFFICE SUPPLIES 500 0.00 0.00 0.00 500.00 0.00 76-5213 COMPUTER HARDWARE 1,000 0.00 32.49 0.00 967.51 3.25 76-5214 COMPUTER SOFTWARE 3,500 0.00 0.00 0.00 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 50,000 125.00 125.00 0.00 49,875.00 0.25 76-5235 DUES & SUBSCRIPTIONS 8,000 979.00 3,679.00 0.00 4,321.00 45.99 76-5240 CONFERENCES & TRAINING 10,000 0.00 265.35 0.00 9,734.65 2.65 TOTAL 52-SUPPLIES AND MATERIALS 73,250 1,104.00 4,101.84 0.00 69,148.16 5.60 53-MAINTENANCE AND OPERAT 76-5332 OFFICE MACHINE LEASE 900 62.00 124.00 0.00 776.00 13.78 TOTAL 53-MAINTENANCE AND OPERAT 900 62.00 124.00 0.00 776.00 13.78 54-CONTRACT SERVICES 76-5425 LEGAL SERVICES 1,000 0.00 0.00 0.00 1,000.00 0.00 76-5430 PROFESSIONAL SERVICES 163,000 0.00 0.00 0.00 163,000.00 0.00 76-5450 TECHNICAL SUPPORT 1,000 0.00 0.00 0.00 1,000.00 0.00 TOTAL 54-CONTRACT SERVICES 165,000 0.00 0.00 0.00 165,000.00 0.00 56-GRANT EXPENSES 76-5603 PROPERTY ENHANCEMENTS IN 60,000 0.00 0.00 0.00 60,000.00 0.00 TOTAL 56-GRANT EXPENSES 60,000 0.00 0.00 0.00 60,000.00 0.00 61-CAPITAL OUTLAY 76-6116 PORTER PARK UPDATES 0 0.00 78,659.01 ( 78,659.01) 0.00 0.00 TOTAL 61-CAPITAL OUTLAY 0 0.00 78,659.01 ( 78,659.01) 0.00 0.00 70 Item 7. Percent Budget Actual of Budget Revenue Sales Tax 875,000 72,499 8% Interest Income 35,000 3,999 11% Grants Total Revenue 910,000 76,498 8% Expenditures Salaries and Benefits 63,475 4,762 8% Transfer to Debt Service Fund 195,000 0% Supplies and Matterials 73,250 1,104 2% Maintenance and Operation 900 62 7% Contract Services 165,000 0% Grant Expenses 60,000 0% Capital Outlay Total Expenditures 557,625 5,928 1% Revenues Over Expenditures 352,375 70,570 Cash in Bank - Checking 205,146 Certificate of Deposit 268,765 Claim on Cash 2,324,916 Total Cash 2,798,827 November 30, 2023 Fund 4B Sanger Texas Development Corporation 71 Item 7. Economic Development Sales Tax Report Month 2019-2020 Total 2020-2021 Total 2021-2022 Total 2022-2023 Total 2023-2024 Total OCT 41,961 41,961 52,602 52,602 50,303 55,222 65,621 65,621 84,045 84,045 NOV 42,075 84,036 50,054 102,656 55,222 105,525 61,751 127,372 72,499 156,544 DEC 44,092 128,128 52,405 155,061 48,145 153,670 72,220 199,591 62,317 218,861 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 63,730 756,232 ` TOTAL 533,295 533,295 636,104 636,104 695,965 695,965 756,232 756,232 218,861 BUDGET 385,000 148,295 462,500 173,604 600,000 95,965 800,000 (43,768)875,000 (875,000) Actual Actual %Actual Actual % 2023 2022 Change 2023 2022 Change $ 62,317 $ 72,220 -14%$ 644,054 $ 692,502 10% ` December Year To Date 533,295 636,104 695,965 756,232 218,861 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 2023-2024 SALES TAX REVENUE 2019-2023 72 Item 7. 4B DEVELOPMENT CORPORATION COMMUNICATION DATE: January 23, 2024 FROM: Shani Bradshaw, Director of Economic Development AGENDA ITEM: Director’s Report. SUMMARY:  Business Growth Updates  Downtown Park Project  Miracle League / Porter Park Project  Board Updates FISCAL INFORMATION: Budgeted: NA Amount: NA GL Account: NA RECOMMENDED MOTION OR ACTION: NA ATTACHMENTS: 73 Item 8.