01/06/2011-4A-Minutes-RegularMINUTES: 4A
SANGER TEXAS INDUSTRIAL DEVELOPMENT CORPORATION
January 6,2011
MEMBERS
PRESENT: Vickie Jenkins, Carroll McNeill, Don Gillum
MEMBERS
ABSENT: Fred Yeatts
OTHERS
PRESENT: Mike Brice City Manager, Tami Taber City Secretary
1. Call Meeting to Order.
Vickie Jenkins called meeting to order at 1:03 p.m.
2. Approval of Minutes: March 23, 2010
Carroll McNeill made a motion to approve minutes. Seconded by Don Gillum.
Motion carried unanimously.
3. Election of President.
Carroll McNeill made a motion to nominate Vickie Jenkins (until term is up in
July). Seconded by Don Gillum. Motion carried unanimously.
4. Update on C&M Steel Lease.
City Manager advised that $134,586 has been spent on renovations and the offices
are 80% complete. There has been a mechanics lien filed in the amount of $34,885
from their electrician.
This property is being put back on the market to lease since C&M Steel is behind 6
months of rent.
5. Review Financials.
City Manager advised that the 4A board receives about $17,000 per month in sales
tax and gave a brief overview on current financials.
6. Adjourn.
Meeting was adjourned at 1:22 pan.