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.
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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
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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
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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
============ ============== ============== ============== ============== =======
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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
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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
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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.