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02/27/2024-4B-Agenda Packet-Regular4B DEVELOPMENT CORPORATION MEETING AGENDA FEBRUARY 27, 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 01/23/2024. REPORTS 3. Financial Reports. 4. 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 1 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 February 23, 2024, at 9:00 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: February 27, 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: February 27, 2024 FROM: Shani Bradshaw, Director of Economic Development AGENDA ITEM: Consideration and possible action on 4B minutes from 01/23/2024. SUMMARY:  4B Board Minutes from 01/23/2024. FISCAL INFORMATION: Budgeted: NA Amount: NA GL Account: NA RECOMMENDED MOTION OR ACTION: Staff recommends approval. ATTACHMENTS: 4B Minutes from 01/23/2024 4 Item 2. 4B DEVELOPMENT CORPORATION MEETING MINUTES 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 As there was a quorum John Payne called the meeting to order at 6:00 p.m. BOARD MEMBERS PRESENT Board Member, Place 2 John Payne Board Member, Place 4 Beverly Howard Board Member, Place 5 Jeff Springer Board Member, Place 6 Eddie Piercy Board Member, Place 7 Carrie Bilyeu BOARD MEMBERS ABSENT Board Member, Place 1 Guy Saenz Board Member, Place 3 Matt Fuller STAFF MEMBERS PRESENT: Director of Economic Development Shani Bradshaw, and Secretary Shelley Warner. INVOCATION AND PLEDGE Board Member Payne gave the Invocation and led the Pledge of Allegiance. CITIZENS COMMENTS No citizens came forward to speak. 5 Item 2. DISCUSSION ITEMS 1. Discussion regarding the development of a Strategic Plan. Director Bradshaw recommended tabling the discussion of the economic development strategic plan since a few board members were not present. Board Member Payne agreed it would be best to discuss this item with all members present and suggested the item be discussed at the next scheduled board meeting. 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. Motion to approve the consent agenda as shown was made by Board Member Piercy. Seconded by Board Member Howard. Voting Yea: Board Member Payne, Board Member Bilyeu, Board Member Springer. The motion passes unanimously. 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. Board Member Payne opened the Public Hearing at 6:03 p.m. Director Shani Bradshaw provided a brief overview of the item. Board Member Payne closed the public hearing at 6:04 p.m. 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. Motion to approve the expenditures for conceptual renderings for Porter Park Phase 2 in an amount not to exceed $75,000 was made by Board Member Piercy. Seconded by Board Member Bilyeu. Voting Yea: Board Member Payne, Board Member Howard, Board Member Springer. The motion passes unanimously. 5. Consideration and possible action on Property Enhancement Incentive application for 204 Bolivar. Motion to approve the Property Enhancement Incentive application for 204 Bolivar in the amount of $10,000 was made by Board Member Springer. Seconded by Board Member Howard. Voting Yea: Board Member Payne, Board Member Piercy, Board Member Bilyeu. The motion passes unanimously. 6 Item 2. 6. Consideration and possible action on Property Enhancement Incentive application for 205 Acker Street. Motion to approve the Property Enhancement Incentive application for 205 Acker Street in the amount of $10,000 was made by Board Member Howard. Seconded by Board Member Bilyeu. Voting Yea: Board Member Payne, Board Member Piercy, Board Member Springer. The motion passes unanimously. REPORTS 7. Financial Reports. Director Bradshaw goes over the financial report. 8. Director’s Report. Director Bradshaw provides an update. FUTURE AGENDA ITEMS 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, 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. 7 Item 2. 4B DEVELOPMENT CORPORATION COMMUNICATION DATE: February 27, 2024 FROM: Shani Bradshaw, Director of Economic Development AGENDA ITEM: Financial Reports. SUMMARY:  Financial Reports for the period ending January 2024.  Revenues and expenditures reflect activity from October 1, 2023, through January 31, 2024.  Sales Tax Collections for January 31, 2024. FISCAL INFORMATION: Budgeted: NA Amount: NA GL Account: NA RECOMMENDED MOTION OR ACTION: NA ATTACHMENTS: Monthly Financial Report – January 2024 Revenue Expense Report – January 2024 Sales Tax Report – January 2024 8 Item 3. Percent Budget Actual of Budget Revenue Sales Tax 875,000 297,009 34% Interest Income 35,000 16,594 47% Grants Total Revenue 910,000 313,603 34% Expenditures Salaries and Benefits 63,475 21,668 34% Transfer to Debt Service Fund 195,000 0% Supplies and Materials 73,250 7,718 11% Maintenance and Operation 900 248 28% Contract Services 165,000 0% Grant Expenses 60,000 9,445 16% Capital Outlay 78,659 Total Expenditures 557,625 117,738 21% Revenues Over Expenditures 352,375 195,865 Cash in Bank - Checking 205,738 Certificate of Deposit 290,303 Claim on Cash 2,447,010 Total Cash 2,943,050 January 31, 2024 Fund 4B Sanger Texas Development Corporation 9 Item 3. 2-21-2024 04:17 PM CITY OF SANGER PAGE: 1 REVENUE & EXPENSE REPORT (UNAUDITED) AS OF: JANUARY 31ST, 2024 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 875,000 78,147.45 297,008.68 0.00 577,991.32 33.94 MISCELLANEOUS INCOME 35,000 4,455.99 16,594.49 0.00 18,405.51 47.41 TOTAL REVENUES 910,000 82,603.44 313,603.17 0.00 596,396.83 34.46 EXPENDITURE SUMMARY 74-TRANSFERS 195,000 0.00 0.00 0.00 195,000.00 0.00 76-4B FUND 362,625 6,173.69 117,738.29 ( 17,729.21) 262,615.92 27.58 ____________________________________________________________________________________________________________________________ TOTAL EXPENDITURES 557,625 6,173.69 117,738.29 ( 17,729.21) 457,615.92 17.93 REVENUE OVER/(UNDER) EXPENDITURES 352,375 76,429.75 195,864.88 17,729.21 138,780.91 60.62 10 Item 3. 2-21-2024 04:17 PM CITY OF SANGER PAGE: 2 REVENUE & EXPENSE REPORT (UNAUDITED) AS OF: JANUARY 31ST, 2024 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 875,000 78,147.45 297,008.68 0.00 577,991.32 33.94 TOTAL TAXES 875,000 78,147.45 297,008.68 0.00 577,991.32 33.94 MISCELLANEOUS INCOME 00-4446 GRANT REVENUE 0 0.00 0.00 0.00 0.00 0.00 00-4800 INTEREST INCOME 35,000 4,455.99 16,594.49 0.00 18,405.51 47.41 00-4900 RENTAL INCOME 0 0.00 0.00 0.00 0.00 0.00 00-4910 MISC. INCOME - 4B 0 0.00 0.00 0.00 0.00 0.00 00-4940 DONATIONS 0 0.00 0.00 0.00 0.00 0.00 00-4945 SALE OF ASSETS 0 0.00 0.00 0.00 0.00 0.00 TOTAL MISCELLANEOUS INCOME 35,000 4,455.99 16,594.49 0.00 18,405.51 47.41 ____________________________________________________________________________________________________________________________ TOTAL REVENUE 910,000 82,603.44 313,603.17 0.00 596,396.83 34.46 ============ ============== ============== ============== ============== ======= 11 Item 3. 2-21-2024 04:17 PM CITY OF SANGER PAGE: 3 REVENUE & EXPENSE REPORT (UNAUDITED) AS OF: JANUARY 31ST, 2024 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 74-7401 TRANSFER TO GF 0 0.00 0.00 0.00 0.00 0.00 74-7403 TRANSFER TO DSF 180,000 0.00 0.00 0.00 180,000.00 0.00 74-7404 TRANSFER TO CIP FUND 0 0.00 0.00 0.00 0.00 0.00 74-7441 TRANSFER TO 4A (ADMIN) 0 0.00 0.00 0.00 0.00 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 12 Item 3. 2-21-2024 04:17 PM CITY OF SANGER PAGE: 4 REVENUE & EXPENSE REPORT (UNAUDITED) AS OF: JANUARY 31ST, 2024 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 44,335 3,378.47 15,202.14 0.00 29,132.86 34.29 76-5117 VACATION COMPENSATION 1,000 0.00 0.00 0.00 1,000.00 0.00 76-5125 LONGEVITY PAY 385 0.00 378.00 0.00 7.00 98.18 76-5128 AUTO ALLOWANCE 3,000 250.00 1,000.00 0.00 2,000.00 33.33 76-5129 CELL PHONE ALLOWANCE 300 25.01 100.04 0.00 199.96 33.35 76-5130 FICA 3,675 279.80 1,277.49 0.00 2,397.51 34.76 76-5140 RETIREMENT 6,215 472.19 2,172.84 0.00 4,042.16 34.96 76-5150 HEALTH INSURANCE 4,200 351.77 1,407.08 0.00 2,792.92 33.50 76-5160 WORKER'S COMPENSATION 235 0.00 130.09 0.00 104.91 55.36 76-5170 T W C 130 0.00 0.00 0.00 130.00 0.00 TOTAL 51-SALARIES AND BENEFITS 63,475 4,757.24 21,667.68 0.00 41,807.32 34.14 52-SUPPLIES AND MATERIALS 76-5210 OFFICE SUPPLIES 500 43.97 96.08 0.00 403.92 19.22 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 1,310.48 2,993.48 1,625.00 45,381.52 9.24 76-5235 DUES & SUBSCRIPTIONS 8,000 0.00 3,979.00 0.00 4,021.00 49.74 76-5240 CONFERENCES & TRAINING 10,000 0.00 617.35 0.00 9,382.65 6.17 TOTAL 52-SUPPLIES AND MATERIALS 73,250 1,354.45 7,718.40 1,625.00 63,906.60 12.76 53-MAINTENANCE AND OPERAT 76-5332 OFFICE MACHINE LEASE 900 62.00 248.00 0.00 652.00 27.56 TOTAL 53-MAINTENANCE AND OPERAT 900 62.00 248.00 0.00 652.00 27.56 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 68,750.00 94,250.00 42.18 76-5450 TECHNICAL SUPPORT 1,000 0.00 0.00 0.00 1,000.00 0.00 76-5452 WEBSITE 0 0.00 0.00 0.00 0.00 0.00 TOTAL 54-CONTRACT SERVICES 165,000 0.00 0.00 68,750.00 96,250.00 41.67 56-GRANT EXPENSES 76-5601 PROMO/COMMUNITY EVENT GR 0 0.00 0.00 0.00 0.00 0.00 76-5603 PROPERTY ENHANCEMENTS IN 60,000 0.00 9,445.20 ( 9,445.20) 60,000.00 0.00 TOTAL 56-GRANT EXPENSES 60,000 0.00 9,445.20 ( 9,445.20) 60,000.00 0.00 13 Item 3. 2-21-2024 04:17 PM CITY OF SANGER PAGE: 5 REVENUE & EXPENSE REPORT (UNAUDITED) AS OF: JANUARY 31ST, 2024 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 ____________________________________________________________________________________________________________________________ 61-CAPITAL OUTLAY 76-6116 PORTER PARK UPDATES 0 0.00 78,659.01 ( 78,659.01) 0.00 0.00 76-6117 NEW DOWNTOWN PARK 0 0.00 0.00 0.00 0.00 0.00 76-6118 MIRACLE FIELD AT PORTER 0 0.00 0.00 0.00 0.00 0.00 TOTAL 61-CAPITAL OUTLAY 0 0.00 78,659.01 ( 78,659.01) 0.00 0.00 74-TRANSFERS 76-7401 TRANSFERS TO GENERAL FUN 0 0.00 0.00 0.00 0.00 0.00 76-7402 TRANSFERS TO DSF 0 0.00 0.00 0.00 0.00 0.00 76-7404 TRANSFERS TO CIP 0 0.00 0.00 0.00 0.00 0.00 TOTAL 74-TRANSFERS 0 0.00 0.00 0.00 0.00 0.00 ____________________________________________________________________________________________________________________________ TOTAL 76-4B FUND 362,625 6,173.69 117,738.29 ( 17,729.21) 262,615.92 27.58 TOTAL EXPENDITURES 557,625 6,173.69 117,738.29 ( 17,729.21) 457,615.92 17.93 ============ ============== ============== ============== ============== ======= REVENUE OVER/(UNDER) EXPENDITURES 352,375 76,429.75 195,864.88 17,729.21 138,780.91 60.62 14 Item 3. 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 78,147 297,009 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 533,295 533,295 636,104 636,104 695,965 695,965 756,232 756,232 297,009 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 $ 78,147 $ 61,974 26%$ 297,009 $ 261,565 14% ` January Year To Date 533,295 636,104 695,965 756,232 297,009 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 15 Item 3. 4B DEVELOPMENT CORPORATION COMMUNICATION DATE: February 27, 2024 FROM: Shani Bradshaw, Director of Economic Development AGENDA ITEM: Director’s Report. SUMMARY:  Downtown Park Project  Miracle League / Porter Park Project FISCAL INFORMATION: Budgeted: NA Amount: NA GL Account: NA RECOMMENDED MOTION OR ACTION: NA ATTACHMENTS: 16 Item 4.