05/31/2011-4B-Minutes-RegularMINUTES: SANGER TEXAS DEVELOPMENT CORPORATION
May 31, 2011
MEMBERS
PRESENT:Beverly Howard, Christy Crutsinger, Jeff Springer, Will Dutton,
Dutton, Barbara Martin and John Payne
ABSENT:Beverly Branch
OTHERS
PRESENT: City Manager Mike Brice, Tami Taber City Secretary
1.Call Meeting to Order.
President Payne called meeting to order.
2.Approve Minutes:May 18, 2011
Motion was made by Beverly Branch to approve minutes as presented. Seconded by
Barbara Martin. Motion carried unanimously.
3.Consider, Discuss and Possibly Act on Purchase and Method of Financing for the
Millar Property and Authorize the City Manager to Complete Purchase.
City Manager explained that it will cost $5,000 per acre. The 4B account will also be
receiving one to two more sales tax deposits. The total for the purchase would be
$265,000 plus closing costs. This item will be taken to the City Council for approval
and then a notice published in the paper. After the 60 day waiting period, the
purchase can be finalized.
4.Adjourn.
Meeting adjourned at 6:20 p.m.