02/22/2010-4B-Minutes-RegularMINUTES: SANGER TEXAS DEVELOPMENT CORPORATION
February 22, 2010
MEMBERS
PRESENT:John Payne, Beverly Howard, Scott Stephens, Jeff Springer, Will Dutton,
Beverly Branch and Barbara Martin
OTHERS
PRESENT: City Manager Mike Brice, Tami Taber City Secretary
1.Call Meeting to Order.
President Payne called meeting to order.
2.Approve Minutes:August 24, 2009
Motion was made by Beverly Branch to approve minutes as presented. Seconded by
Will Dutton. Motion carried unanimously.
3.Discussion on Sports Park Progress.
John Payne asked about the status of the new complex.
City Manager has looked at other complexes and it will be 30 - 60 days until the
information is put together for an RFQ. It will be around late spring or early summer
until construction begins.
John Payne asked about possible names for the complex and a ground breaking
ceremony.
City Manager said the new complex will be named John W. Porter Sports Complex.
4.Review Financials
The City Manager went over the financials and stated that the sales tax is currently
down 8% for the month and he will have sales tax information at the next meeting. He
also advised that the first bond payment is due in August in the amount of $180,000
and there is three years worth of bond payments sitting in the bank.
John Payne asked about having one more certificate of deposit and the City Manager
confirmed that and advised that it was just shy of $600,000 as of January 31, 2010.
5.Adjournment.
Motion was made by John Springer to adjourn and John Payne adjourned meeting.