11/06/2012-4A-Minutes-RegularMINUTES:4A
SANGER TEXAS INDUSTRIAL DEVELOPMENT CORPORATION
November 6,2012
MEMBERS
PRESENT:Vickie Jenkins,Don Gillum,John Jacobs and Elizabeth Springer
ABSENT:Fred Yeatts
OTHERS
PRESENT:Mike Brice City Manager,Tami Taber City Secretary and Ted Christensen
of Government Capital.
1.Call Meeting to Order.
Vickie Jenkins called the meeting to order at 1:02 p.m.
2.Approval of Minutes:August 13,2012
Elizabeth Springer made a motion to approve the minutes.Seconded by Don
Gillum.Motion carried unanimously.
3.Consider, Discuss and Possibly Act on Approving Resolution #R11-16-12 -
Authorizing Texas Pellets, Inc. to Reimburse Expenditures for Project Costs From
Proceeds of Tax-Exempt Debt Obligations.
Ted Christensen advised that passing this resolution will allow Texas Pellets to file
an application with the bond review board.
Don Gillum made a motion to approve. Seconded by John Jacobs. Motion
carried unanimously.
4.Discussion on Funding for Future Infrastructure Extensions to Promote and
Expand Industrial Growth.
City Manager gave a Power Point presentation on 4A future projects to promote
industrial development and suggested the following items to consider:
-Extend water/wastewater service up the East side of I-35 for future industrial
development
-Current water/wastewater lines only extend to Lois Road and are undersized for
industrial development
-Need industrial property that is ready
5.Review Financials.
City Manager advised that as of September 30, 2012,there is approximately
$800,000 in the 4A account and advised that last year was a record year for sales tax
and this year may be even higher.
6.Adjourn.
Meeting was adjourned at 1:46 p.m.