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01/28/2020-4B-Agenda Packet-RegularAGENDA 4B ECONOMIC DEVELOPMENT BOARD TUESDAY, JANUARY 28, 2020 6:00 PM 502 ELM STREET SANGER, TEXAS MEETING CANCELLED 1.Call Meeting to Order 2.Approval of Minutes Approval of the October 22, 2019 4B Board Meeting Minutes. 3.Review Financial Reports 4.Discussion of a Facade and Sign Grant Program 5.Sanger Development Corporation Bylaws Consider, Discuss and Possibly Act on Passing a Resolution to Amend the Sanger Development Corporation Bylaws. 6.Staff Update 1. City­Wide Comprehensive Plan 2. Traffic Count Report ­ EDP Best Practices 3. Business Growth and Development 7.Citizen Comments 8.Adjourn I, the undersigned authority, do hereby certify that this Notice of Meeting was posted on the City Website, and on the bulletin board, at the City Hall of the City of Sanger, Texas, a place convenient and readily accessible to the general public at all times. Said notice was posted on the following date and time, and remained posted continuously for at least 72 hours prior to the scheduled time of said meeting and shall remain posted until meeting is adjourned. 01/23/2020 4:30 PM Cheryl Price City Secretary City of Sanger, Texas Date/Time Posted AGENDA4B ECONOMIC DEVELOPMENT BOARDTUESDAY, JANUARY 28, 20206:00 PM502 ELM STREETSANGER, TEXASMEETINGCANCELLED1.Call Meeting to Order2.Approval of MinutesApproval of the October 22, 2019 4B Board Meeting Minutes.3.Review Financial Reports4.Discussion of a Facade and Sign Grant Program5.Sanger Development Corporation BylawsConsider, Discuss and Possibly Act on Passing a Resolution to Amend the Sanger DevelopmentCorporation Bylaws.6.Staff Update1. City­Wide Comprehensive Plan2. Traffic Count Report ­ EDP Best Practices3. Business Growth and Development7.Citizen Comments8.AdjournI, the undersigned authority, do hereby certify that this Notice of Meeting was posted on theCity Website, and on the bulletin board, at the City Hall of the City of Sanger, Texas, a placeconvenient and readily accessible to the general public at all times. Said notice was posted on thefollowing date and time, and remained posted continuously for at least 72 hours prior to thescheduled time of said meeting and shall remain posted until meeting is adjourned.01/23/2020 4:30 PMCheryl Price City SecretaryCity of Sanger, Texas Date/Time Posted This facility is wheelchair accessible and accessible parking spaces are available. Requests for additional accommodations or interpretive services must be made 48 hours prior to this meeting. Please contact the City Secretary's office at (940) 458­7930 for further information. 4B ECONOMIC DEVELOPMENT BOARD AGENDA MEMO AGENDA ITEM NO. 2. AGENDA MEETING DATE: January 28, 2020 TO: Shani Bradshaw, 4B FROM:  ITEM/CAPTION: Approval of Minutes Approval of the October 22, 2019 4B Board Meeting Minutes. AGENDA TYPE: Consent Agenda ACTION REQUESTED:  Approval  BACKGROUND: NA LEGAL/BOARD COMMISSION RECOMMENDATIONS/CITIZEN NOTICE FEEDBACK: NA FINANCIAL SUMMARY ­ FUNDING/FISCAL IMPACT: NA FUNDS: NA STAFF RECOMMENDATION/ACTION DESIRED: Approve the October 22, 2019 4B Board Meeting Minutes ATTACHMENTS: Description Upload Date Type Minutes 1/22/2020 Cover Memo MINUTES 4B ECONOMIC DEVELOPMENT BOARD TUESDAY, OCTOBER 22, 2019 6:00 PM 502 ELM STREET SANGER, TEXAS COMMISSION MEMBERS PRESENT: Beverly Branch, John Payne, Beverly Howard, Will Dutton, Barbara Martin, Carry Bilyeau (Absent: Springer) COMMISSION MEMBERS ABSENT: Jeff Springer (Absent: Springer) OTHERS PRESENT: Shani Bradshaw, Stefani Dodson, Jennifer Shumate(Absent: Springer) 1.Call Meeting to Order 6:01 PM(Absent: Springer) 2.Approval of Minutes July 30, 2019 4B Board Meeting Minutes A motion was made by Carry Bilyeau to to approve minutes.. The motion was seconed by Beverly Branch.  The motion Approve Passed with a 6­0 vote  (Absent: Springer) 3.Discussion on Fields at Porter Park Jennifer gives an update on the fields at Porter Park. Jennifer states Shani informed her they are wanting to fix the fields for tournaments.  Jennifer stated that she spoke with three different directors and said rather than us always being an overflow what do we need to do.  The best that we can do without spending a lot of money is we need to move home plate, move the bases, move the grass and irrigation.  We don't need to move fences, we can use portable fence.  What it does is help us have the ability for a wider range of availability.  Like the adult league that is currently playing at railroad.  The second thing that I want to know your thoughts on.  This is the 4th tournament in a row we have rained out.  Denton can still play because they have a surface.   Dutton says we need a soil conditioner that is mixed with dirt and what it does absorb some of the water and dry out faster.  Being in a flood plain it obviously wont help if it floods but it should help for a normal rain condition.  It would definitely make an improvement.  He also states it is not cheap. Jennifer states this is a good time to do it if we are already doing the fields.  We don't have to but it would be a good time while moving everything.  It does add about $30,000.00 per field. MINUTES4B ECONOMIC DEVELOPMENT BOARDTUESDAY, OCTOBER 22, 20196:00 PM502 ELM STREETSANGER, TEXASCOMMISSION MEMBERS PRESENT:Beverly Branch, John Payne, Beverly Howard, Will Dutton, Barbara Martin, Carry Bilyeau (Absent:Springer)COMMISSION MEMBERS ABSENT:Jeff Springer (Absent: Springer)OTHERS PRESENT:Shani Bradshaw, Stefani Dodson, Jennifer Shumate(Absent: Springer)1.Call Meeting to Order6:01 PM(Absent: Springer)2.Approval of MinutesJuly 30, 2019 4B Board Meeting MinutesA motion was made by Carry Bilyeau to to approve minutes.. The motion was seconed by BeverlyBranch.  The motion Approve Passed with a 6­0 vote  (Absent: Springer)3.Discussion on Fields at Porter ParkJennifer gives an update on the fields at Porter Park. Jennifer states Shani informed her they arewanting to fix the fields for tournaments.  Jennifer stated that she spoke with three different directorsand said rather than us always being an overflow what do we need to do.  The best that we can dowithout spending a lot of money is we need to move home plate, move the bases, move the grassand irrigation.  We don't need to move fences, we can use portable fence.  What it does is help ushave the ability for a wider range of availability.  Like the adult league that is currently playing atrailroad.  The second thing that I want to know your thoughts on.  This is the 4th tournament in arow we have rained out.  Denton can still play because they have a surface.  Dutton says we need a soil conditioner that is mixed with dirt and what it does absorb some of thewater and dry out faster.  Being in a flood plain it obviously wont help if it floods but it should helpfor a normal rain condition.  It would definitely make an improvement.  He also states it is not cheap. Jennifer states this is a good time to do it if we are already doing the fields.  We don't have to but it would be a good time while moving everything.  It does add about $30,000.00 per field. Beverly Branch moving the bases would cost less. Jennifer states she would guess that to do all of the changes it should be about $32,000.00 per field. Shani said the information provided at the last meeting would be about $25,000.00­$30,000.00. Board just briefly talks about portable fence. John Payne and the board request solid cost on each field.   Jennifer said the other thing that she wants to bring up is the only other thing that is keeping us from being a primary instead of an overflow is we only have Tri­plex fields instead of a 4plex.  If yall want to at the very least see what it would cost to put in a 4th field.  It wouldn't be a true diamond shape it would have to go beside field 1.  It would go into the soccer field that hasn't been used since October of 2011 when the park opened. The board would like the cost associated with building a 4th field. Jennifer said ok. 4.Sanger Development Corporation Bylaws Consider, Discuss and Possibly Act on Passing a Resolution to Amend the 4B Development Corporation Bylaws. Shani starts by going over some of the changes.  The meetings moving to quarterly is one change that the board already knew about.  She states Staff has been requested to update all the By­Laws. Shani explains just to recap Staff has been instructed to update the By­Laws to address titles, terms, and other duties.   She says some are minor changes and some are a little bit more detailed so she wants to go over them. John Payne states so it was brought to your attention from City Council and the Mayor? Shani responds with City Staff.  She says she has met with the City Manager on several occasions regarding the By­Laws.  John Payne states some of the changes are pretty obvious but did she give some kind of explanation to why she is wanting these changes?  Some of us have been here a while and probably one of the first times we have been asked to drastically change the By­Laws. She asked me to research and I have looked at other City By­Laws.  These By­Laws that yall have, look as if they have not be amended in a long time maybe ever. The Board responds with that is true but no one has ever told them they need to be amended or they have not felt they need to be amended. Shani asks if she can go through some of the changes with them.   The board says yes. MINUTES4B ECONOMIC DEVELOPMENT BOARDTUESDAY, OCTOBER 22, 20196:00 PM502 ELM STREETSANGER, TEXASCOMMISSION MEMBERS PRESENT:Beverly Branch, John Payne, Beverly Howard, Will Dutton, Barbara Martin, Carry Bilyeau (Absent:Springer)COMMISSION MEMBERS ABSENT:Jeff Springer (Absent: Springer)OTHERS PRESENT:Shani Bradshaw, Stefani Dodson, Jennifer Shumate(Absent: Springer)1.Call Meeting to Order6:01 PM(Absent: Springer)2.Approval of MinutesJuly 30, 2019 4B Board Meeting MinutesA motion was made by Carry Bilyeau to to approve minutes.. The motion was seconed by BeverlyBranch.  The motion Approve Passed with a 6­0 vote  (Absent: Springer)3.Discussion on Fields at Porter ParkJennifer gives an update on the fields at Porter Park. Jennifer states Shani informed her they arewanting to fix the fields for tournaments.  Jennifer stated that she spoke with three different directorsand said rather than us always being an overflow what do we need to do.  The best that we can dowithout spending a lot of money is we need to move home plate, move the bases, move the grassand irrigation.  We don't need to move fences, we can use portable fence.  What it does is help ushave the ability for a wider range of availability.  Like the adult league that is currently playing atrailroad.  The second thing that I want to know your thoughts on.  This is the 4th tournament in arow we have rained out.  Denton can still play because they have a surface.  Dutton says we need a soil conditioner that is mixed with dirt and what it does absorb some of thewater and dry out faster.  Being in a flood plain it obviously wont help if it floods but it should helpfor a normal rain condition.  It would definitely make an improvement.  He also states it is not cheap.Jennifer states this is a good time to do it if we are already doing the fields.  We don't have to but itwould be a good time while moving everything.  It does add about $30,000.00 per field.Beverly Branch moving the bases would cost less.Jennifer states she would guess that to do all of the changes it should be about $32,000.00 per field.Shani said the information provided at the last meeting would be about $25,000.00­$30,000.00.Board just briefly talks about portable fence.John Payne and the board request solid cost on each field.  Jennifer said the other thing that she wants to bring up is the only other thing that is keeping us frombeing a primary instead of an overflow is we only have Tri­plex fields instead of a 4plex.  If yall wantto at the very least see what it would cost to put in a 4th field.  It wouldn't be a true diamond shape itwould have to go beside field 1.  It would go into the soccer field that hasn't been used sinceOctober of 2011 when the park opened.The board would like the cost associated with building a 4th field.Jennifer said ok.4.Sanger Development Corporation BylawsConsider, Discuss and Possibly Act on Passing a Resolution to Amend the 4B DevelopmentCorporation Bylaws.Shani starts by going over some of the changes.  The meetings moving to quarterly is one change thatthe board already knew about.  She states Staff has been requested to update all the By­Laws.Shani explains just to recap Staff has been instructed to update the By­Laws to address titles, terms,and other duties.   She says some are minor changes and some are a little bit more detailed so shewants to go over them.John Payne states so it was brought to your attention from City Council and the Mayor?Shani responds with City Staff.  She says she has met with the City Manager on several occasionsregarding the By­Laws. John Payne states some of the changes are pretty obvious but did she give some kind of explanationto why she is wanting these changes?  Some of us have been here a while and probably one of thefirst times we have been asked to drastically change the By­Laws.She asked me to research and I have looked at other City By­Laws.  These By­Laws that yall have,look as if they have not be amended in a long time maybe ever.The Board responds with that is true but no one has ever told them they need to be amended or theyhave not felt they need to be amended.Shani asks if she can go through some of the changes with them.   The board says yes. Shani goes over the minor changes and says the attorney went over them as well and the blue highlight is from the attorney.  Shani says she is trying to be consistent with 4A.  She said one of the things is term limit.  She also took it from other Cities that also have term limits. She explains about the Classes and that it needs to be staggering terms.  She states 6 of the board members terms are up in of 2020 and if they decide not to return we will not have a board.  Or if the Council decides not to appoint them. Also noted terms will expire on July 1st and that is with all boards on the City. Will Dutton said so considering most of us have been here 10 years plus what is going to happen? Shani says these are suggested changes.  You do not have to accept these and if you don't like the way it is worded I can revise and bring it back to you.  Just keep in mind City Council has the final say on anything brought in front of them.  4A just amended their By­Laws and it is moving to City Council. Beverly Branch said those of us that have already served our 6 years are we automatically gone? Shani said your term will expire depending upon the class July 1st 2020.  3 member will expire in 2020 and 4 will expire in 2021. Beverly branch states so in 1 1/2 years there will be an entirely new board.  Shani said yes all but Carrie Bilyeau. John Payne said he wants to go back and ask the question.  What was our City Managers question did she have concern on how this board is running, or did she just wake up one morning and say hey you know we need to start imposing term limit on the board.  You said you got your instruction from her, I understand you did your own investigation.  What is the intent here.  What is her motivation? Jennifer states for uniformity. Stefani say consistency as this is the only board that doesn't have a term.  Shani said in the Texas Local Government Code your term is only two years. Your City Council reappoints you every two years. Beverly Branch asks why hasn't this been done then? Shani explains it has been done and every two years City Council has reappointed them. John Payne said so basically it has been a rubber stamp to this point instead of them trying to round someone else up, they just approve us.  They just don't tell us we just keep showing up. Shani says this is not to be personal or a personal attack.  All the boards are revising their By­Laws.  In the event a board member expires and no one can fill the seat the board member can stay until the seat is filled. Beverly Howard said it is just for uniformity. Jennifer states that they refreshed her boards by­laws. MINUTES4B ECONOMIC DEVELOPMENT BOARDTUESDAY, OCTOBER 22, 20196:00 PM502 ELM STREETSANGER, TEXASCOMMISSION MEMBERS PRESENT:Beverly Branch, John Payne, Beverly Howard, Will Dutton, Barbara Martin, Carry Bilyeau (Absent:Springer)COMMISSION MEMBERS ABSENT:Jeff Springer (Absent: Springer)OTHERS PRESENT:Shani Bradshaw, Stefani Dodson, Jennifer Shumate(Absent: Springer)1.Call Meeting to Order6:01 PM(Absent: Springer)2.Approval of MinutesJuly 30, 2019 4B Board Meeting MinutesA motion was made by Carry Bilyeau to to approve minutes.. The motion was seconed by BeverlyBranch.  The motion Approve Passed with a 6­0 vote  (Absent: Springer)3.Discussion on Fields at Porter ParkJennifer gives an update on the fields at Porter Park. Jennifer states Shani informed her they arewanting to fix the fields for tournaments.  Jennifer stated that she spoke with three different directorsand said rather than us always being an overflow what do we need to do.  The best that we can dowithout spending a lot of money is we need to move home plate, move the bases, move the grassand irrigation.  We don't need to move fences, we can use portable fence.  What it does is help ushave the ability for a wider range of availability.  Like the adult league that is currently playing atrailroad.  The second thing that I want to know your thoughts on.  This is the 4th tournament in arow we have rained out.  Denton can still play because they have a surface.  Dutton says we need a soil conditioner that is mixed with dirt and what it does absorb some of thewater and dry out faster.  Being in a flood plain it obviously wont help if it floods but it should helpfor a normal rain condition.  It would definitely make an improvement.  He also states it is not cheap.Jennifer states this is a good time to do it if we are already doing the fields.  We don't have to but itwould be a good time while moving everything.  It does add about $30,000.00 per field.Beverly Branch moving the bases would cost less.Jennifer states she would guess that to do all of the changes it should be about $32,000.00 per field.Shani said the information provided at the last meeting would be about $25,000.00­$30,000.00.Board just briefly talks about portable fence.John Payne and the board request solid cost on each field.  Jennifer said the other thing that she wants to bring up is the only other thing that is keeping us frombeing a primary instead of an overflow is we only have Tri­plex fields instead of a 4plex.  If yall wantto at the very least see what it would cost to put in a 4th field.  It wouldn't be a true diamond shape itwould have to go beside field 1.  It would go into the soccer field that hasn't been used sinceOctober of 2011 when the park opened.The board would like the cost associated with building a 4th field.Jennifer said ok.4.Sanger Development Corporation BylawsConsider, Discuss and Possibly Act on Passing a Resolution to Amend the 4B DevelopmentCorporation Bylaws.Shani starts by going over some of the changes.  The meetings moving to quarterly is one change thatthe board already knew about.  She states Staff has been requested to update all the By­Laws.Shani explains just to recap Staff has been instructed to update the By­Laws to address titles, terms,and other duties.   She says some are minor changes and some are a little bit more detailed so shewants to go over them.John Payne states so it was brought to your attention from City Council and the Mayor?Shani responds with City Staff.  She says she has met with the City Manager on several occasionsregarding the By­Laws. John Payne states some of the changes are pretty obvious but did she give some kind of explanationto why she is wanting these changes?  Some of us have been here a while and probably one of thefirst times we have been asked to drastically change the By­Laws.She asked me to research and I have looked at other City By­Laws.  These By­Laws that yall have,look as if they have not be amended in a long time maybe ever.The Board responds with that is true but no one has ever told them they need to be amended or theyhave not felt they need to be amended.Shani asks if she can go through some of the changes with them.  The board says yes.Shani goes over the minor changes and says the attorney went over them as well and the bluehighlight is from the attorney.  Shani says she is trying to be consistent with 4A.  She said one of thethings is term limit.  She also took it from other Cities that also have term limits. She explains aboutthe Classes and that it needs to be staggering terms.  She states 6 of the board members terms areup in of 2020 and if they decide not to return we will not have a board.  Or if the Council decidesnot to appoint them.Also noted terms will expire on July 1st and that is with all boards on the City.Will Dutton said so considering most of us have been here 10 years plus what is going to happen?Shani says these are suggested changes.  You do not have to accept these and if you don't like theway it is worded I can revise and bring it back to you.  Just keep in mind City Council has the finalsay on anything brought in front of them.  4A just amended their By­Laws and it is moving to CityCouncil.Beverly Branch said those of us that have already served our 6 years are we automatically gone?Shani said your term will expire depending upon the class July 1st 2020.  3 member will expire in2020 and 4 will expire in 2021.Beverly branch states so in 1 1/2 years there will be an entirely new board. Shani said yes all but Carrie Bilyeau.John Payne said he wants to go back and ask the question.  What was our City Managers questiondid she have concern on how this board is running, or did she just wake up one morning and say heyyou know we need to start imposing term limit on the board.  You said you got your instruction fromher, I understand you did your own investigation.  What is the intent here.  What is her motivation?Jennifer states for uniformity. Stefani say consistency as this is the only board that doesn't have aterm. Shani said in the Texas Local Government Code your term is only two years. Your City Councilreappoints you every two years.Beverly Branch asks why hasn't this been done then?Shani explains it has been done and every two years City Council has reappointed them.John Payne said so basically it has been a rubber stamp to this point instead of them trying to roundsomeone else up, they just approve us.  They just don't tell us we just keep showing up.Shani says this is not to be personal or a personal attack.  All the boards are revising their By­Laws. In the event a board member expires and no one can fill the seat the board member can stay until theseat is filled.Beverly Howard said it is just for uniformity. Jennifer states that they refreshed her boards by­laws. Will Dutton asked what happens if we don't approve the changes? Shani answers if you don't approve the terms then I will keep it as it, but if you keep it I highly recommend that you do the staggering terms. Beverly Howard said she has served on other boards and they have the staggering.  Shani said she found that some let you come back after a year.   Beverly Branch asked if we dont approve it can City Council come back and approve it. Shani says yes they can. The board says so basically they can just change it.  Shani says that doesn't mean they will change it without your approval. John Payne says as the board President I would like all City employees be excused so we can protect them from a conflict of interest and allow the board to discuss this agenda item number 4. Beverly Branch asked can we do that and Payne responds yes. Shani states she has never been asked to do this before. Staff returns and explains they can't be in executive session. John Payne they spoke about the revisions to the By­Laws and it is alot to digest. Shani asked did they go through the entire by­laws.   John Payne said they were just fixing to go through when staff stopped them and said they couldn't talk. Shani said sorry it is not listed as an executive session. Will Dutton said he would like to make motion to table this until they can get it on the agenda for executive session. Branch seconded motion.  Motion passes unanimously. MINUTES4B ECONOMIC DEVELOPMENT BOARDTUESDAY, OCTOBER 22, 20196:00 PM502 ELM STREETSANGER, TEXASCOMMISSION MEMBERS PRESENT:Beverly Branch, John Payne, Beverly Howard, Will Dutton, Barbara Martin, Carry Bilyeau (Absent:Springer)COMMISSION MEMBERS ABSENT:Jeff Springer (Absent: Springer)OTHERS PRESENT:Shani Bradshaw, Stefani Dodson, Jennifer Shumate(Absent: Springer)1.Call Meeting to Order6:01 PM(Absent: Springer)2.Approval of MinutesJuly 30, 2019 4B Board Meeting MinutesA motion was made by Carry Bilyeau to to approve minutes.. The motion was seconed by BeverlyBranch.  The motion Approve Passed with a 6­0 vote  (Absent: Springer)3.Discussion on Fields at Porter ParkJennifer gives an update on the fields at Porter Park. Jennifer states Shani informed her they arewanting to fix the fields for tournaments.  Jennifer stated that she spoke with three different directorsand said rather than us always being an overflow what do we need to do.  The best that we can dowithout spending a lot of money is we need to move home plate, move the bases, move the grassand irrigation.  We don't need to move fences, we can use portable fence.  What it does is help ushave the ability for a wider range of availability.  Like the adult league that is currently playing atrailroad.  The second thing that I want to know your thoughts on.  This is the 4th tournament in arow we have rained out.  Denton can still play because they have a surface.  Dutton says we need a soil conditioner that is mixed with dirt and what it does absorb some of thewater and dry out faster.  Being in a flood plain it obviously wont help if it floods but it should helpfor a normal rain condition.  It would definitely make an improvement.  He also states it is not cheap.Jennifer states this is a good time to do it if we are already doing the fields.  We don't have to but itwould be a good time while moving everything.  It does add about $30,000.00 per field.Beverly Branch moving the bases would cost less.Jennifer states she would guess that to do all of the changes it should be about $32,000.00 per field.Shani said the information provided at the last meeting would be about $25,000.00­$30,000.00.Board just briefly talks about portable fence.John Payne and the board request solid cost on each field.  Jennifer said the other thing that she wants to bring up is the only other thing that is keeping us frombeing a primary instead of an overflow is we only have Tri­plex fields instead of a 4plex.  If yall wantto at the very least see what it would cost to put in a 4th field.  It wouldn't be a true diamond shape itwould have to go beside field 1.  It would go into the soccer field that hasn't been used sinceOctober of 2011 when the park opened.The board would like the cost associated with building a 4th field.Jennifer said ok.4.Sanger Development Corporation BylawsConsider, Discuss and Possibly Act on Passing a Resolution to Amend the 4B DevelopmentCorporation Bylaws.Shani starts by going over some of the changes.  The meetings moving to quarterly is one change thatthe board already knew about.  She states Staff has been requested to update all the By­Laws.Shani explains just to recap Staff has been instructed to update the By­Laws to address titles, terms,and other duties.   She says some are minor changes and some are a little bit more detailed so shewants to go over them.John Payne states so it was brought to your attention from City Council and the Mayor?Shani responds with City Staff.  She says she has met with the City Manager on several occasionsregarding the By­Laws. John Payne states some of the changes are pretty obvious but did she give some kind of explanationto why she is wanting these changes?  Some of us have been here a while and probably one of thefirst times we have been asked to drastically change the By­Laws.She asked me to research and I have looked at other City By­Laws.  These By­Laws that yall have,look as if they have not be amended in a long time maybe ever.The Board responds with that is true but no one has ever told them they need to be amended or theyhave not felt they need to be amended.Shani asks if she can go through some of the changes with them.  The board says yes.Shani goes over the minor changes and says the attorney went over them as well and the bluehighlight is from the attorney.  Shani says she is trying to be consistent with 4A.  She said one of thethings is term limit.  She also took it from other Cities that also have term limits. She explains aboutthe Classes and that it needs to be staggering terms.  She states 6 of the board members terms areup in of 2020 and if they decide not to return we will not have a board.  Or if the Council decidesnot to appoint them.Also noted terms will expire on July 1st and that is with all boards on the City.Will Dutton said so considering most of us have been here 10 years plus what is going to happen?Shani says these are suggested changes.  You do not have to accept these and if you don't like theway it is worded I can revise and bring it back to you.  Just keep in mind City Council has the finalsay on anything brought in front of them.  4A just amended their By­Laws and it is moving to CityCouncil.Beverly Branch said those of us that have already served our 6 years are we automatically gone?Shani said your term will expire depending upon the class July 1st 2020.  3 member will expire in2020 and 4 will expire in 2021.Beverly branch states so in 1 1/2 years there will be an entirely new board. Shani said yes all but Carrie Bilyeau.John Payne said he wants to go back and ask the question.  What was our City Managers questiondid she have concern on how this board is running, or did she just wake up one morning and say heyyou know we need to start imposing term limit on the board.  You said you got your instruction fromher, I understand you did your own investigation.  What is the intent here.  What is her motivation?Jennifer states for uniformity. Stefani say consistency as this is the only board that doesn't have aterm. Shani said in the Texas Local Government Code your term is only two years. Your City Councilreappoints you every two years.Beverly Branch asks why hasn't this been done then?Shani explains it has been done and every two years City Council has reappointed them.John Payne said so basically it has been a rubber stamp to this point instead of them trying to roundsomeone else up, they just approve us.  They just don't tell us we just keep showing up.Shani says this is not to be personal or a personal attack.  All the boards are revising their By­Laws. In the event a board member expires and no one can fill the seat the board member can stay until theseat is filled.Beverly Howard said it is just for uniformity.Jennifer states that they refreshed her boards by­laws.Will Dutton asked what happens if we don't approve the changes?Shani answers if you don't approve the terms then I will keep it as it, but if you keep it I highlyrecommend that you do the staggering terms.Beverly Howard said she has served on other boards and they have the staggering. Shani said she found that some let you come back after a year.  Beverly Branch asked if we dont approve it can City Council come back and approve it.Shani says yes they can.The board says so basically they can just change it.  Shani says that doesn't mean they will change itwithout your approval.John Payne says as the board President I would like all City employees be excused so we canprotect them from a conflict of interest and allow the board to discuss this agenda item number 4.Beverly Branch asked can we do that and Payne responds yes.Shani states she has never been asked to do this before.Staff returns and explains they can't be in executive session.John Payne they spoke about the revisions to the By­Laws and it is alot to digest.Shani asked did they go through the entire by­laws.  John Payne said they were just fixing to go through when staff stopped them and said they couldn'ttalk.Shani said sorry it is not listed as an executive session.Will Dutton said he would like to make motion to table this until they can get it on the agenda forexecutive session.Branch seconded motion.  Motion passes unanimously. 5.Discussion of a Facade/Sign Grant Program Shani talks briefly about what a Facade Grant does.  She says this is not an action item.  It is a program that alot of City's use. You can use it for the downtown or open up to all business.  She explains that our downtown is struggling.  So she has been looking at ways to help our downtown area.  Basically it is a grant that can help business owners remodel outside of business.  She says again that it can be for any business in a City but she thinks it would be great to narrow it down to just the downtown area. The board thinks it is a good idea.  John Payne says his question would be if they put into the budget for next year they already have money restricted for the other grant they have. Jennifer explains that the money is still in your saving. John Payne says but if we wanted to spend the money we couldnt until the end of the year if it doesn't get used.   Beverly Howard said we would have to put it back in the budget this year. They said it is already $50,000.00 for the current grant. The board all state they like this idea alot. 6.City­Wide Comprehensive Plan Update Shani just gives a little update about the Comp Plan and where they are in the process. 7.Review Financials Shani just briefly goes over the financial report. 8.Citizen Comments No Citizens 9.Adjourn 6:59 PM 4B ECONOMIC DEVELOPMENT BOARD AGENDA MEMO AGENDA ITEM NO. 3. AGENDA MEETING DATE: January 28, 2020 TO: Shani Bradshaw, 4B FROM:  ITEM/CAPTION: Review Financial Reports AGENDA TYPE: Regular ACTION REQUESTED:   BACKGROUND: Review revenue and expenditure report for the period ending November 30, 2019 and monthly sales tax report.  LEGAL/BOARD COMMISSION RECOMMENDATIONS/CITIZEN NOTICE FEEDBACK: NA FINANCIAL SUMMARY ­ FUNDING/FISCAL IMPACT: NA FUNDS: NA STAFF RECOMMENDATION/ACTION DESIRED: NA ATTACHMENTS: Description Upload Date Type Balance Sheet ­ Nov, 30 2019 1/15/2020 Cover Memo Revenue Expense Report ­ Nov 30, 2019 1/15/2020 Cover Memo Trial Balance Report ­ Nov 30, 2019 1/15/2020 Cover Memo 4B ECONOMIC DEVELOPMENT BOARD AGENDA MEMOAGENDA ITEM NO. 3.AGENDA MEETING DATE: January 28, 2020TO: Shani Bradshaw, 4BFROM: ITEM/CAPTION:Review Financial ReportsAGENDA TYPE: RegularACTION REQUESTED:  BACKGROUND:Review revenue and expenditure report for the period ending November 30, 2019 and monthly sales tax report. LEGAL/BOARD COMMISSION RECOMMENDATIONS/CITIZEN NOTICE FEEDBACK:NAFINANCIAL SUMMARY ­ FUNDING/FISCAL IMPACT:NAFUNDS:NASTAFF RECOMMENDATION/ACTION DESIRED:NAATTACHMENTS:Description Upload Date TypeBalance Sheet ­ Nov, 30 2019 1/15/2020 Cover Memo Revenue Expense Report ­ Nov 30, 2019 1/15/2020 Cover Memo Trial Balance Report ­ Nov 30, 2019 1/15/2020 Cover Memo Monthly Sales Tax Report ­ Nov 30, 2019 1/15/2020 Cover Memo 11-15-2019 08:34 AM CITY OF SANGER PAGE: 1 BALANCE SHEET AS OF: OCTOBER 31ST, 2019 42 -4B CORPORATION ACCOUNT # ACCOUNT DESCRIPTION BALANCE _____________________________________________________________________________________________ ASSETS ====== 42-00-1000 CLAIM ON CASH 786,707.90 42-00-1010 CKG - 4B CASH (2379694) 191,400.27 42-00-1013 CD - 4B #653500 21,997.45 42-00-1014 CD - 4B #659924 21,744.39 42-00-1015 CD - 4B #664243 21,828.41 42-00-1016 CD - 4B #673277 21,771.34 42-00-1017 CD - 4B #686115 21,779.16 42-00-1018 CD - 4B #689521 21,689.24 42-00-1019 CD - 4B #694371 21,762.64 42-00-1020 CD - 4B #697230 21,876.45 42-00-1021 CD - 4B #699934 21,789.57 42-00-1022 CD - 4B #702285 21,591.56 42-00-1023 CD - 4B #706078 21,492.04 42-00-1024 CD - 4B #720097 21,262.87 42-00-1025 CD - 4B #720119 21,287.36 42-00-1153 SALES TAX RECEIVABLE 4,052.29 1,264,032.94 TOTAL ASSETS 1,264,032.94 ============== LIABILITIES =========== ______________ ______________ EQUITY ====== 42-00-3015 FUND BALANCE - RESTRICTED 1,221,622.57 TOTAL BEGINNING EQUITY 1,221,622.57 TOTAL REVENUE 42,410.37 TOTAL REVENUE OVER/(UNDER) EXPENSES 42,410.37 TOTAL EQUITY & REV. OVER/(UNDER) EXP. 1,264,032.94 TOTAL LIABILITIES, EQUITY & REV.OVER/(UNDER) EXP. 1,264,032.94 ============== 11-15-2019 08:38 AM CITY OF SANGER PAGE: 1 REVENUE & EXPENSE REPORT (UNAUDITED) AS OF: OCTOBER 31ST, 2019 42 -4B CORPORATION FINANCIAL SUMMARY % OF YEAR COMPLETED: 08.33 CURRENT CURRENT PRIOR YEAR Y-T-D Y-T-D BUDGET % OF BUDGET PERIOD PO ADJUST. ACTUAL ENCUMBRANCE BALANCE BUDGET ___________________________________________________________________________________________________________________________________ REVENUE SUMMARY TAXES 385,000.00 41,960.79 0.00 41,960.79 0.00 343,039.21 10.90 INTEREST 1,000.00 449.58 0.00 449.58 0.00 550.42 44.96 TOTAL REVENUES 386,000.00 42,410.37 0.00 42,410.37 0.00 343,589.63 10.99 EXPENDITURE SUMMARY 74-TRANSFERS 237,500.00 0.00 0.00 0.00 0.00 237,500.00 0.00 76-4B FUND 90,000.00 0.00 0.00 0.00 0.00 90,000.00 0.00 ___________________________________________________________________________________________________________________________________ TOTAL EXPENDITURES 327,500.00 0.00 0.00 0.00 0.00 327,500.00 0.00 REVENUE OVER/(UNDER) EXPENDITURES 58,500.00 42,410.37 0.00 42,410.37 0.00 16,089.63 72.50 11-15-2019 08:38 AM CITY OF SANGER PAGE: 2 REVENUE & EXPENSE REPORT (UNAUDITED) AS OF: OCTOBER 31ST, 2019 42 -4B CORPORATION FINANCIAL SUMMARY % OF YEAR COMPLETED: 08.33 CURRENT CURRENT PRIOR YEAR Y-T-D Y-T-D BUDGET % OF REVENUES BUDGET PERIOD PO ADJUST. ACTUAL ENCUMBRANCE BALANCE BUDGET ___________________________________________________________________________________________________________________________________ TAXES 00-4325 STATE SALES TAX 385,000.00 41,960.79 0.00 41,960.79 0.00 343,039.21 10.90 TOTAL TAXES 385,000.00 41,960.79 0.00 41,960.79 0.00 343,039.21 10.90 INTEREST 00-4800 INTEREST INCOME 1,000.00 449.58 0.00 449.58 0.00 550.42 44.96 TOTAL INTEREST 1,000.00 449.58 0.00 449.58 0.00 550.42 44.96 ___________________________________________________________________________________________________________________________________ TOTAL REVENUES 386,000.00 42,410.37 0.00 42,410.37 0.00 343,589.63 10.99 ============== ============ ============ ============= ============ ============ ====== 11-15-2019 08:38 AM CITY OF SANGER PAGE: 3 REVENUE & EXPENSE REPORT (UNAUDITED) AS OF: OCTOBER 31ST, 2019 42 -4B CORPORATION 74-TRANSFERS % OF YEAR COMPLETED: 08.33 CURRENT CURRENT PRIOR YEAR Y-T-D Y-T-D BUDGET % OF DEPARTMENTAL EXPENDITURES BUDGET PERIOD PO ADJUST. ACTUAL ENCUMBRANCE BALANCE BUDGET ___________________________________________________________________________________________________________________________________ 74-TRANSFERS 74-7403 TRANSFER TO DSF 212,500.00 0.00 0.00 0.00 0.00 212,500.00 0.00 74-7441 TRANSFER TO 4A (ADMIN) 25,000.00 0.00 0.00 0.00 0.00 25,000.00 0.00 TOTAL 74-TRANSFERS 237,500.00 0.00 0.00 0.00 0.00 237,500.00 0.00 ___________________________________________________________________________________________________________________________________ TOTAL 74-TRANSFERS 237,500.00 0.00 0.00 0.00 0.00 237,500.00 0.00 11-15-2019 08:38 AM CITY OF SANGER PAGE: 4 REVENUE & EXPENSE REPORT (UNAUDITED) AS OF: OCTOBER 31ST, 2019 42 -4B CORPORATION 76-4B FUND % OF YEAR COMPLETED: 08.33 CURRENT CURRENT PRIOR YEAR Y-T-D Y-T-D BUDGET % OF DEPARTMENTAL EXPENDITURES BUDGET PERIOD PO ADJUST. ACTUAL ENCUMBRANCE BALANCE BUDGET ___________________________________________________________________________________________________________________________________ 52-SUPPLIES AND MATERIALS ______________ ____________ ____________ _____________ ____________ ____________ ______ 54-CONTRACT SERVICES 76-5455 COMPREHENSIVE PLAN UPDATE 40,000.00 0.00 0.00 0.00 0.00 40,000.00 0.00 TOTAL 54-CONTRACT SERVICES 40,000.00 0.00 0.00 0.00 0.00 40,000.00 0.00 61-CAPITAL OUTLAY 76-6116 COMMUNITY PROJECTS 50,000.00 0.00 0.00 0.00 0.00 50,000.00 0.00 TOTAL 61-CAPITAL OUTLAY 50,000.00 0.00 0.00 0.00 0.00 50,000.00 0.00 65-CAPITAL PROJECTS ______________ ____________ ____________ _____________ ____________ ____________ ______ 70-DEBT PAYMENTS ______________ ____________ ____________ _____________ ____________ ____________ ______ 74-TRANSFERS ______________ ____________ ____________ _____________ ____________ ____________ ______ ___________________________________________________________________________________________________________________________________ TOTAL 76-4B FUND 90,000.00 0.00 0.00 0.00 0.00 90,000.00 0.00 TOTAL EXPENDITURES 327,500.00 0.00 0.00 0.00 0.00 327,500.00 0.00 ============== ============ ============ ============= ============ ============ ====== ** REVENUE OVER(UNDER) EXPENDITURES ** 58,500.00 42,410.37 0.00 42,410.37 0.00 16,089.63 72.50 11-15-2019 08:37 AM CITY OF SANGER PAGE: 1 BASE TRIAL BALANCE AS OF: OCTOBER 31ST, 2019 42 -4B CORPORATION *** MONTH TO DATE *** *** YEAR TO DATE *** ACCT# ACCOUNT NAME DEBITS CREDITS DEBITS CREDITS ______________________________________________________________________________________________________________________ ASSETS ====== 42-00-1000 CLAIM ON CASH 41,960.79 786,707.90 42-00-1010 CKG - 4B CASH (2379694) 275.95 191,400.27 42-00-1013 CD - 4B #653500 13.56 21,997.45 42-00-1014 CD - 4B #659924 13.40 21,744.39 42-00-1015 CD - 4B #664243 13.44 21,828.41 42-00-1016 CD - 4B #673277 13.41 21,771.34 42-00-1017 CD - 4B #686115 13.41 21,779.16 42-00-1018 CD - 4B #689521 13.36 21,689.24 42-00-1019 CD - 4B #694371 13.40 21,762.64 42-00-1020 CD - 4B #697230 13.47 21,876.45 42-00-1021 CD - 4B #699934 13.43 21,789.57 42-00-1022 CD - 4B #702285 13.30 21,591.56 42-00-1023 CD - 4B #706078 13.24 21,492.04 42-00-1024 CD - 4B #720097 13.10 21,262.87 42-00-1025 CD - 4B #720119 13.11 21,287.36 42-00-1153 SALES TAX RECEIVABLE 0.00 4,052.29 ______________ TOTAL ASSETS 42,410.37 0.00 1,264,032.94 0.00 ============== ============== ============== ============== LIABILITIES =========== ______________ ______________ ______________ ______________ ============== ============== ============== ============== FUND BALANCE ============ 42-00-3015 FUND BALANCE - RESTRICTED 0.00 1,221,622.57 TOTAL EQUITY/FUND BALANCE 0.00 0.00 0.00 1,221,622.57 ============== ============== ============== ============== REVENUES ======== 42-00-4325 STATE SALES TAX 41,960.79 41,960.79 42-00-4800 INTEREST INCOME 449.58 449.58 TOTAL REVENUES 0.00 42,410.37 0.00 42,410.37 ============== ============== ============== ============== EXPENDITURES ============ ______________ ______________ ______________ ______________ ============== ============== ============== ============== ______________________________________________________________________________________________________________________ *** TOTALS BALANCE *** 42,410.37 42,410.37 1,264,032.94 1,264,032.94 ============== ============== ============== ============== *** END OF REPORT *** TOTAL REVENUE 2013-2020 2013 2014 2015 2016 2017 2018 2019 2020 2013 $315,055 OCT 23,310 25,572 26,843 29,528 33,532 36,117 35,425 41,961 2014 $334,755 NOV 28,064 28,823 31,897 36,744 36,725 38,951 36,853 42,075 2015 $386,739 DEC 25,854 27,350 28,786 30,055 37,133 32,669 36,420 2016 $391,082 JAN 24,097 23,812 41,810 28,916 32,386 34,264 33,403 2017 $435,516 FEB 26,189 27,381 38,909 35,203 42,385 48,966 36,966 2018 $436,100 MAR 21,635 22,628 29,841 30,091 34,273 32,712 32,428 2019 $442,506 APR 25,163 27,445 29,329 31,321 29,088 28,440 32,984 2020 $84,036 MAY 28,095 37,356 33,641 34,401 42,345 39,427 43,134 JUN 28,181 26,167 29,030 32,746 30,853 31,811 36,456 JUL 24,929 27,420 27,800 32,803 35,710 34,802 36,977 AUG 29,775 29,546 35,487 37,628 42,725 39,661 42,598 SEP 29,761 31,256 33,366 31,646 38,361 38,280 38,860 TOTAL 315,055 334,755 386,739 391,082 435,516 436,100 442,506 84,036 BUDGET 250,000 300,000 320,000 362,500 362,500 385,000 385,000 385,000 4A & 4B SALES TAX REVENUE 0 2013 2014 2015 2016 2017 2018 2019 2020 $315,055 $334,755 $386,739 $391,082 $435,516 $436,100 $442,506 $84,036 0 50000 100000 150000 200000 250000 300000 350000 400000 450000 500000 1 2 3 4 5 6 7 8 9 Chart Title 4B ECONOMIC DEVELOPMENT BOARD AGENDA MEMO AGENDA ITEM NO. 4. AGENDA MEETING DATE: January 28, 2020 TO: Shani Bradshaw, 4B FROM:  ITEM/CAPTION: Discussion of a Facade and Sign Grant Program AGENDA TYPE: Presentation ACTION REQUESTED:  Presentation  BACKGROUND: The Facade and Sign Improvement Grant Program provides financial assistance to property owners and businesses seeking to renovate or restore their exterior appearance of their buildings and storefronts, and exterior signage.   The purpose of this program is to promote development and expansion of new and existing businesses within the City of Sanger.  The program is set up as a single payment reimbursement to property owners per building/business, and tenants.  Facade and Sign Improvement Grant funds are available on a 50/50 matching basis with a cap of $5,000.   LEGAL/BOARD COMMISSION RECOMMENDATIONS/CITIZEN NOTICE FEEDBACK: NA FINANCIAL SUMMARY ­ FUNDING/FISCAL IMPACT: NA FUNDS: NA STAFF RECOMMENDATION/ACTION DESIRED: Discussion only.  4B ECONOMIC DEVELOPMENT BOARD AGENDA MEMO AGENDA ITEM NO. 5. AGENDA MEETING DATE: January 28, 2020 TO: Shani Bradshaw, 4B FROM:  ITEM/CAPTION: Sanger Development Corporation Bylaws Consider, Discuss and Possibly Act on Passing a Resolution to Amend the Sanger Development Corporation Bylaws. AGENDA TYPE: Regular ACTION REQUESTED:  Approval  BACKGROUND: While some changes to they Bylaws are minor in nature, others were inserted in order to address titles, terms of office, and other duties and responsibilities of the Board of Directors.  LEGAL/BOARD COMMISSION RECOMMENDATIONS/CITIZEN NOTICE FEEDBACK: The amendments have been reviewed and revised by the city's legal counsel.  FINANCIAL SUMMARY ­ FUNDING/FISCAL IMPACT: NA FUNDS: NA STAFF RECOMMENDATION/ACTION DESIRED: Staff recommends approval of the amendments to the Sanger Development Corporation Bylaws as written.   Note:  any proposed amendments may not be adopted without the approval by City Council after a recommendation by the 4B Development Corporation.  ATTACHMENTS: Description Upload Date Type 4B ECONOMIC DEVELOPMENT BOARD AGENDA MEMOAGENDA ITEM NO. 5.AGENDA MEETING DATE: January 28, 2020TO: Shani Bradshaw, 4BFROM: ITEM/CAPTION:Sanger Development Corporation BylawsConsider, Discuss and Possibly Act on Passing a Resolution to Amend the Sanger Development Corporation Bylaws.AGENDA TYPE: RegularACTION REQUESTED:  Approval BACKGROUND:While some changes to they Bylaws are minor in nature, others were inserted in order to address titles, terms of office,and other duties and responsibilities of the Board of Directors. LEGAL/BOARD COMMISSION RECOMMENDATIONS/CITIZEN NOTICE FEEDBACK:The amendments have been reviewed and revised by the city's legal counsel. FINANCIAL SUMMARY ­ FUNDING/FISCAL IMPACT:NAFUNDS:NASTAFF RECOMMENDATION/ACTION DESIRED:Staff recommends approval of the amendments to the Sanger Development Corporation Bylaws as written.   Note: any proposed amendments may not be adopted without the approval by City Council after a recommendation by the4B Development Corporation.  ATTACHMENTS: Description Upload Date Type Resolution Approving Amended Bylaws 1/15/2020 Cover Memo Bylaws (Redline)1/16/2020 Cover Memo RESOLUTION NO. ________ RESOLUTION APPROVING AMENDED BYLAWS OF THE SANGER TEXAS DEVELOPMENT CORPORATION, ALSO KNOWN AS THE SANGER TEXAS 4B DEVELOPMENT CORPORATION AND THE SANGER TEXAS TYPE B DEVELOPMENT CORPORATION WHEREAS, in October of 1998, the eligible voters of the City of Sanger, Texas, approved a ballot proposition authorizing a sales tax and creation of a non-profit corporation, governed by Section 4B of the Development Corporation Act of 1979, as amended, and now known as the Type B sales tax and corporation, currently authorized pursuant to Chapter 501 and 505 of the Texas Local Government Code; and WHEREAS, the Sanger Texas Development Corporation was duly incorporated and the Bylaws approved in conjunction with the original Articles of Incorporation; and WHEREAS, the Board of Directors of the Sanger Texas Development Corporation has reviewed the bylaws and adopted amended bylaws as attached hereto as Exhibit A, subject to approval of the City Council. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SANGER, TEXAS: Section 1. That the bylaws attached hereto as Exhibit A, and submitted to this City Council by the Sanger Texas Development Corporation, also known as the Sanger Texas type B Development Corporation, are hereby approved by the City Council of the City of Sanger, Texas. Section 2. This Resolution is effective immediately upon passage and repeals any prior resolutions, policies or practices inconsistent or in conflict with this Resolution, subject to the approval and passage of same by the City Council of the City of Sanger. APPROVED this day of 2019. PASSED AND APPROVED this day of 2019. City Of Sanger, Texas By:___________ Mayor, Thomas MUIR Attest: ___________ Cheryl Price, City Secretary Sanger Texas Development Corporation Page 1 of 15 BYLAWS OF THE SANGER TEXAS DEVELOPMENT CORPORATION A NON-PROFIT CORPORATION SANGER, TEXAS SECTION ARTICLE I OFFICES Section 1.01 Registered Office and Registered Agent The Sanger Texas Development Corporation (“the cCorporation”) shall have and continuously maintain in the State of Texas a registered office, and a registered agent whose office is identical with such registered office, as required by the Texas Development Corporation Act of 1979, as amended (“the Act”). The BbBoard of Directors (“the Board”) may, from time to time, change the registered agent and/or the address of the registered office, provided that such change is appropriately reflected in these Bylaws and in the Articles of Incorporation.thatprovided that proper notification of such change is given to the Office of the Secretary of State of Texas. The registered office of the Corporation is located at 201 Bolivar Street, Sanger, Texas 76266 and at such address is the Corporation,its whose mailing address is P.O. Box 1729, Sanger, Texas 76266. The corporation and the registered office of the corporation are located at 201 Bolivar Street, Sanger, Texas 76266. The registered agent of the corporation at such office shall be the City Administrator of the City of Sanger. Section 1.02 Principal Office The principal office of the cCorporation in the State of Texas shall be located in the City of Sanger, County of Denton, and it may be, but need not be, identical with the registered office of the cCorporation. ARTICLE II PURPOSES Section 2.01 Purposes The cCorporation is incorporated for the purposes set forth in its Articles of Incorporation, the same to be accomplished on behalf of the Sanger Development CorporationCity of Sanger, , Texas (the “Corporation”) as it’s duly constituted authority and instrumentality in accordance with the Development Corporation Act of 1979, Article 5190.6, Vernon’s Ann. Civ. St., as amended (the “Act”), and other applicable laws, and organized under Section 4B of the Act. The purposes of the Sanger Development Corporation is to promote, assist, and enhance Sanger Texas Development Corporation Page 2 of 15 economic development in accordance with the Texas Development Corporation Act of 1979. Any project, as defined by such Act, which shall be undertaken by the cCorporation, may include in such costs, the maintenance and operating costs of such project. SECTION ARTICLE III MEMBERS Section 3.01 Members The cCorporation shall have no members or issue any stock. SECTION ARTICLE IV BOARD OF DIRECTORS Section 4.01 Board of Directors The business and affairs of the cCorporation and all corporate powers shall be exercised by or under authority of the Board of Directors (the “Board”), appointed by the governing body of the City of Sanger Development Corporation, and subject to applicable limitations imposed by the Texas Development Corporation Act of 1979, the Articles of Incorporation, and these Bylaws. The Board may, by contract, resolution, or otherwise, give general or limited or special power and authority to the officers and employees of the cCorporation to transact the general business of any special business of the cCorporation, and may give powers of attorney to agents of the corporation to transact any special business requiring such authorization. Section 4.02 Number and Qualifications The authorized number of Directors of this Board shall be seven (7). The City Council shall appoint the Directors of the cCorporation. At least three of these directors shall be persons who are not employees, officers, or members of the governing body of the City of Sanger. Each director must be a resident of Sanger, Texas. Section 4.03 Tenure Term of Office The term of office for the Directors shall be two (2) years, with the right to be reappointed. The City Council shall appoint the Directors of the corporation Directors shall be removable at any time by a majority vote of a quorum present of the City Council of the City of Sanger, Texas. Each member of the Board shall serve at the pleasure of the Council for a term of two (2) years. The terms are to be staggered. Places 1, 3, 5, and 7 shall be appointed in odd- numbered years, and Places 2, 4 and 6 shall be appointed in even-numbered years. Terms shall begin on July 1 of each year. No member of the Board shall serve more than three (3) consecutive two (2) year terms. After one year after the expiration of a Director’s term of office a Director may be re-appointed. Sanger Texas Development Corporation Page 3 of 15 Any dDirector may be removed from this office by City Council at will without cause. A vacancy of any dDirector’s position which occurs by reason of death, resignation, disqualification, removal, or otherwise, shall be filled by the City Council for the remainder of the term.. Section 4.04 Vacancies Any vacancy occurring shall be filled by appointment by the vote of a majority of a quorum present of the City Council of the City of Sanger, Texas. Section 4.05 Meetings Regular meetings of the Board shall be held on the first Thursday in each month at 7:00 P.M. in the Council Chambers of the City of Sanger, Texas. quarterly starting in October of each year, ats such place orf places and at such times or times, from time to time, as may be designated by the Board of Directors and communicated to all dDirectors by written notice. All meetings of the Boards shall provide nNotice thereof all meetings of the Board shall be provided as provided and sset forth in Chapter 551, Texas Government Code, the “Texas Open Meetings Act”. Any member of the Board may request that an item be placed on the agenda by delivering the requestsame in writing to the Secretary of the Board no later than three (3) days (72 hours) prior to the date and time of the Board meeting. The President of the Board shall set special meeting dates and times. The annual meeting of the Board of Directors shall be held in October of each year at a place and time to be determined by the Board. Notice of any meeting shall be given to the public in accordance with the requirements of the Texas Open Meetings Act. The notice shall contain information regarding the particular time, date, and location of the meeting and the agenda to be considered. All meetings shall be conducted in accordance with the Texas Open Meetings Act. Section 4.06 Quorum For the purposes of convening a meeting, a simple majority of the appointed Directors then serving on the Board shall constitute a quorum. For purposes of transacting the business of the corporation at any meetings, a simple majority of the appointed Directors shall constitute a quorum. If there is an insufficient number of Directors present to convene the meeting, the presiding officer shall adjourn the meeting. Section 4.07 Compensation The duly appointed members of the Board shall serve without compensation, but shall be reimbursed for actual or commensurate cost of travel, lodging and incidental expenses while on official business of the Board in accordance with State Law. Section 4.08 Voting: Action of the Board of Directors Directors must be present in order to vote at any meeting, unless otherwise provided in these Bylaws or in the Articles of Incorporation or as required by law. The act of a majority of the Sanger Texas Development Corporation Page 4 of 15 Directors present at any meeting for which a quorum is present shall be the act of the Board of Directors. Ifn the event that a Director is aware of a conflict of interest or potential conflict of interest, aboutwith regard to any particular vote, the Director shall bring the same to the attention of the meeting and shall abstain from the vote or further participation in the matter. Any conflict of interest shall be determined according to the standards of Chapter 171, Texas Local Government Code, or as amended. In the event Chapter 171 of the Local Government Code shall apply, the Director shall disclose the relationship as required by Section 171.004 of the Local Government Code and shall abstain from further participationvoting. Section 4.09 Board’s Relationship with City Council In accordance with State law, the City Council shall require the Sanger Development Corporation to be responsible to it for the proper discharge of its duties assigned in this article. All policies and actions for program administration shall be submitted for Council approval, and the Board shall administer said programs accordingly. SECTION ARTICLE V OFFICERS Section 5.01. Officers of the CorporationTitles and Term of Office The elected officers of the corporation shall be a President, Vice President, Secretary and Treasurer. The Board may resolve to elect one or more Assistant Secretaries or one or more Assistant Treasurers as it may consider desirable. Such officers shall have the authority and perform the duties of the office as the Board may from time to time prescribe or as the Secretary or Treasurer may from time to time delegate to his/her respective assistant. Any two (2) or more offices may be held by the same person, except the office of President. The President and Vice President of the Corporation shall be elected by the Board and shall serve a terms of one (1) year. On the expiration of the term of office of the President and Vice President of the Corporation, the Board shall select from among its members to hold such office. The term of the office of the President and Vice President shall always be for a period of one year; provided, however, that the President and Vice President of the Corporation continue to serve until the election of his or her successor is duly elected and qualified or until his or her death, resignation, retirement, disqualification or removal from office. There shall be no limitation on the number of consecutive years that a person may serve in the same office. 5.02 Selection of Officers The initial President and Vice President shall be elected by the Board and shall serve a term of one (1) year. On the expiration of the term of office of the original President and Vice President, the Board shall select from among its members, individuals to hold such office. The term of office of the President and Vice President shall always be for a period of one (1) year from date of selection by the Board, provided, however, that the President and Vice President continue to serve until the election of their successors. Sanger Texas Development Corporation Page 5 of 15 The Secretary and Treasure shall be selected by the members of the Board and shall hold office for a period of one (1) year from the date of selection, provided, however, that the Secretary shall continue to serve until the election of his/her successor. Vacancies in any office which occur by reason of death, resignation, disqualification, removal, or otherwise, may be filled by the Board of Directors for the unexpired portion of the term of that office in the manner as other officers are elected to the Board. Section 5.03 02 President Powers and Duties of the President The President shall be the presiding officer of the Board with the following authority: The President shall be the chief executive officer of the Corporation, and shall, subject to the authority of the Board and paramount authority and approval from the City Council, preside at all the meetings of the Board, and absent designation by a majority of the Board, shall sign and execute all contracts, conveyances, franchises, bonds, deeds, assignments, mortgages, and notes in the name of the Corporation. In addition, the president shall: A. 1. Shall preside over all meetings of the Board. B. 2. Shall have the right to vote on all matters coming before the Board. C. 3. Shall have the authority, upon notice to the members of the Board, to call a special meeting of the Board when, in his/her judgment, such meeting is required, subject to provisions of the Texas Open Meeting Act. D. 4. Shall have the authority to appoint standing committees to aid and assist the Board in its business undertakings or other matters incidental to the operation and functions of the Board. E. 5. Shall have the authority to appoint ad hoc committees which may address issues of a temporary nature of concern or which have a temporary aeffect on the business of the Board. F. appear before the City Council, or be represented by his or her designee, regarding an y items being considered by the City Council concerning the Corporation. In addition to the above mentioned duties, the President shall sign with the Secretary of the Board any deed, mortgage, bonds, contracts, or other instruments which the Board of Directors has approved and unless the execution of said document has been expressly delegated to some other officer or agent of the corporation by appropriate Board resolution, by a specific provision of these Bylaws, or by statute. In general, the President shall perform all duties incident to the office, and such other duties as shall be prescribed from time to time by Board of Directors. Section 5.0403 Vice President In the absence of the President or in the event of his/her inability to act, the Vice President shall perform the duties of the President. When so acting, the Vice President shall have thea power Sanger Texas Development Corporation Page 6 of 15 of and be subject to all the same restrictions as upon the President. The Vice President shall also perform other duties as from time to time may be assign ed to him/her by the President. 5.05 Secretary The Secretary shall keep, or cause to be kept, at the registered office a record of the minutes of all meetings of the Board and of any committees of the Board. The Secretary shall also file a copy of said minutes with the City and the same to be given, in accordance with the provisions of these Bylaws, or as required by the Texas Open Meetings Act or the Texas Open Records Act or other applicable law. The Secretary shall be custodian of the corporate records and seal of the corporation, and shall keep a register of the mailing address and street address, if different, of each Director. 5.06 Treasurer The Treasurer shall be bonded for tile faithful discharge of his/her duties in the amount of $20,000.00. The Treasurer shall have charge and custody of and be responsible for all funds and securities of the corporation. The Treasurer shall receive and give receipt for money due and payable to the corporation from any source whatsoever, and shall deposit all such moneys in the name of the corporation in such bank, trust corporation, and/or other depositories as shall be specified in accord with Section VI of these Bylaws. The Treasurer shall, in general, perform all the duties incident to that office and such other duties as from time to time may be assigned to him/her by the President of the Board. 5.07 Assistant Secretaries and Assistant Treasurers The Assistant Secretaries and Assistant Treasurers, if any, shall, in general, perform such duties as may be assigned to them by the Secretary or the Treasurer, or by the President or the Board of Directors. Section 5.0804 Contracts for Services The cCorporation may, with approval of the City Council, contract with any qualified and appropriate person, association, corporation or governmental entity to perform and discharge designated tasks which will aid or assist the Board in the performance of its duties. This shall include the right to contract for promotional purposes as may be defined by the Development Corporation Act of 1979, subject to any limitations contained in the Act. SECTION ARTICLE VI FINANCIAL ADMINISTRATIONFUNCTIONAL CORPORATION DUTIES AND REQUIREMENTS The Corporation shall contract with the City for financial and accounting services. The corporation’s financing and accounting records shall be maintained according to the following guidelines: Sanger Texas Development Corporation Page 7 of 15 Section 6.01. Director of Economic Development The director of economic development shall be the chief administrative officer of the Corporation and be in general charge of the properties and affairs of the Corporation, shall administer all work orders, requisitions for payment, purchase orders, contract execution, administration/oversight, and other instruments or activities as prescribed by the Board in the name of the Corporation. The director of economic development shall be an employee of the City. Section 6.02. Director of Finance The director of finance shall have the responsibility to see to the handling, custody, and security of all funds and securities of the Corporation. When necessary or proper, the director of finance shall endorse and sign, on behalf of the Corporation, for collection or issuance, checks, notes and other obligations drawn upon such bank or banks or depositories as shall be designated by the City Council as consistent with these Bylaws. The director of finance shall see to the entry in the books of the Corporation of full and accurate accounts of all monies received and paid out on account of the Corporation. The director of finance shall, at the expense of the Corporation, give such bond for the faithful discharge of the duties in such form and amount as the City Council shall require, by resolution. The director of finance shall be an employee of the City. The director of finance shall submit a monthly report, to the Board, insufficient detail, of all checks or drafts issued on behalf of the corporation for the previous month. The director of finance shall provide a monthly financial report to the City Council concerning activities of the Corporation in a format consistent with other financial reports of the City. Section 6.03. Secretary The secretary shall keep the minutes of all meetings of the Board in books provided for that purpose, shall give and serve all notices, shall sign with the president in the name of the corporation, and/or attest the signature thereto, all contracts, conveyances, franchises, bonds, deeds, assignments, mortgages, notes and other instruments of the corporation, shall have charge of the Corporation books, records, documents and instruments except the books of the accounts and financial records and securities, and such other books and papers as the Board may direct, all of which shall at all reasonable times be open to public inspection upon application at the office of the corporation during business hours, and shall in general perform all duties incident to the office of secretary subject to the control of the Board. The secretary shall endorse and countersign, on behalf of the Corporation, for collection or issuance, checks, notes and other obligations in or drawn upon such bank or banks or depositories as shall be designated by the City Council consistent with these Bylaws. The secretary shall be an employee of the City. Section 6.04. Participation in Board Meetings The director of economic development, secretary, director of finance manager, Mayor and City Manager (or their respective designees), shall have the right to take part in any discussion of Sanger Texas Development Corporation Page 8 of 15 the Board, including attendance ofin executive sessions, but shall not have the power to vote in any meetings attended. Section 6.01 05 Fiscal Year The fiscal year of the cCorporation shall begin on October 1 and end September 30 of the following year. Section 6.02 06 Budget A budget for the forthcoming fiscal year shall be submitted to and approved by the Board of Directors and the City Council of the City of Sanger. The Board of Directors shall submit the budget in accordance with the annual budget preparation schedule as set forth by the City Manager. The budget shall be submitted to the City Manager for inclusion of it in the annual budget presentation to the City Council. The budget proposed for adoption shall include the projected operating expenses and such other budgetary information as shall be useful to or appropriate for the Board of Directors and the City Council of the City of Sanger. Section 6.0307. Contracts As provided in Section V above herein, the President and Secretary shall execute any contracts or other instruments which the Board has approved and authorized to be executed, provided, however, that the Board may by appropriate resolution, authorize any other officer or officers or any other agent or agents to enter into contract or execute and deliver any instrument in the name and on behalf of the cCorporation. Such authority may be confined to specific instances or defined in general terms. When appropriate, the Board may grant a specific or general power of attorney to carry out some action on behalf of the Board, provided, however, that no such power of attorney may be granted unless an appropriate resolution of the Board authorizes the same to be done. 6.04 Checks and Drafts All checks, drafts, or order for payment of money, notes, or other evidences of indebtedness issued in the name of the corporation shall be signed or bear the facsimile of any two of the directors of the corporation. 6.05 Deposits All funds of the Sanger Development Corporation shall be deposited on a regular basis to the credit of the corporation in a depository which shall be selected following procedures and requirements for selecting a depository as set forth in Chapter 105 of the Local Government Code or the depository of the City of Sanger, may be utilized. 6.06 Gifts The Sanger Development Corporation may accept on behalf of the corporation any contribution, gift, bequest, or device for the general purpose or for any special purposes of the corporation. 6.07 Purchasing Sanger Texas Development Corporation Page 9 of 15 All purchasing and contracts executed by the corporation shall be made in accordance with the requirements of the Texas Constitution and Statutes of the State of Texas. Section 6.08 InvestmentsDebt, Deposit and Investment of Corporate Funds Temporary and idle funds which are not needed for immediate obligations of the corporation may be invested in accordance with the following investment policy. All proceeds from the issuance of bonds, notes or other debt instruments (the “Bonds”) issued by the Corporation shall be deposited and invested as provided in the resolution, order, indenture, or other documents authorizing or relating to their execution or issuance and handled in accordance with the statute governing this Corporation, but no Bbonds shall be issued, including refunding Bbonds, by the Corporation without the approval of the City Council after review and comment by the City’s bond counsel and financial advisor. All monies of the Corporation shall be deposited, secured, and/or invested in the manner provided for the deposit, security, and/or investment of the public funds of the City, as authorized by the City Investment Policy. The finance director shall designate the accounts and depositories to be created and designated for such purposes, and the methods of withdrawal of funds therefrom for use by and for the purposes of the Corporation upon the signature of the finance director and the secretary. The accounts, reconciliation, and investment of such funds and accounts shall be performed by the Department of Finance of the City. Investment Policy for the Sanger Texas Development Corporation Whereas, the Public Funds Investment Act of 1995 requires each municipality to adopt rules and guidelines for the investment of public funds; and Whereas, such rules and guidelines should specify the type, length and strategy for each fund as well as the authority for officers and employees responsible for the investment of such funds. 6.08 – 1.0 Scope This investment policy applies to all financial assets of the Sanger Industrial Development Corporation. These funds are accounted for in the City of Sanger’s Comprehensive Annual Financial Audit. 6.08 – 2.0 Statement of Cash Management Philosophy: The Sanger Development Corporation shall maintain a comprehensive cash management program to include the effective collection of all accounts receivable, the prompt deposit of receipts to the Corporation’s bank accounts, the payment of obligations so as to comply with state law and in accord with vendor invoices and the prudent investment of idle funds in accordance with this policy. 6.08 – 3.0 Objective: The primary objectives, in priority order, of the Sanger Development Corporation’s investment activities shall be: Sanger Texas Development Corporation Page 10 of 15 3.1 Safety: Safety of principal is the foremost objective of the investment program. Investments of the Sanger Development Corporation shall be undertaken in a mannger that seeks to ensure the preservation of capital in the overall portfolio. 3.2 Liquidity: The Sanger Development Corporation’s investment portfolio will remain sufficiently liquid to enable the Sanger Development Corporation to meet all operating requirements which might be reasonably anticipated. 3.3 Return on investments: The Sanger Development Corporation’s investment portfolio shall be designed with the objective of attaining a rate of return throughout budgetary and economic cycles, commensurate with the Sanger Development Corporation’s investment risk constraints and the cash flow characteristics of the portfolio. 6.08 – 4.0 Delegation of Authority Management responsibility for the investment program is hereby delegated to the investment officer, who shall establish written procedures for the operation of the investment program consistent with the investment policy. Procedures should include reference to: safekeeping, wire transfer agreements, banking service contracts and collateral/depository agreements. Such procedures shall include explicit delegation of authority to persons responsible for investment transactions. No person may engage in an investment transaction except as provided under the terms of this policy and the procedures established by the investment officer. The investment officer shall be responsible for all transactions undertaken and shall establish a system of controls. 6.08 – 5.0 Authorized Investments: Sanger Development Corporation funds may be invested in the following securities: 1. Collateralized or fully insured money market accounts. 2. Collateralized or fully insured certificates of deposit. 3. U.S. Treasury bills, notes or bonds. 4. Direct obligations of the State of Texas or its agencies and instrumentality’sies. 6.08 – 6.0 Qualifying Institutions: Investments may be made through or with the following institutions: 1. Federally insured banks located in the State of Texas. 2. Primary government security dealers reporting to the Market Reports Division of the Federal Reserve Bank of New York. 6.08 – 7.0 Collateralization The Sanger Development Corporation will accept as collateral for its money market accounts, certificates of deposit and other evidence of deposit the for the following securities: 1. F.D.I.C. coverage 2. U.S. Treasury Bills 3. State of Texas bonds. Sanger Texas Development Corporation Page 11 of 15 4. Other obligations of the United States, its agencies or instrumentality’s. 5. Bonds issued by other Texas government entities (Corporation, county, school or special districts) with a remaining maturity of twenty years or less. Securities pledged as collateral must be retained in a third- party bank in the State of Texas and the Corporation shall be provided with the original safekeeping receipt on each pledged security. The Corporation, financial institution and the safekeeping bank shall operate in accordance with a master safekeeping agreement signed by all three parties. The Corporation’s investment officer must approve release of collateral in writing prior to its removal from the safekeeping account. The financial institution with which the Corporation invests and/or maintains other deposits shall provide monthly, or as requested by the Corporation, a listing of the collateral pledged to the Corporation, marked to current market prices. The listing shall include total pledged securities itemized by: 1. Name, type and description of security. 2. Safekeeping receipt number. 3. Par value. 4. Current market value. 5. Maturity date. 6. Moody’s or Standard and Poor rating (both if available) 6.08 – 8.0 General Government Practices: All investment transactions shall be documented by the investment officer. The investment officer may make investments orally but shall follow promptly with a written confirmation to the financial institution or dealer with a copy of such confirmation retained in the Corporation’s files. 6.08 – 9.0 Investment Policy: It is the policy of the Sanger Development Corporation to invest public funds in a manner which will provide the highest investment return with the maximum security while meeting the daily cash flow demands of the entity and conforming to all state and local statutes governing the investment of public funds. 6.09 Bonds: Any bonds issued by the cCorporation shall be in accordance with the statute governing this Ccorporation but, in any event, no bonds shall be issued without approval of the Sanger City Council after review and comment by the City’s bond counsel and financial advisor. ARTICLE VII BOOKS AND RECORDS Sanger Texas Development Corporation Page 12 of 15 Section 7.01 Books and Records The corporation shall keep correct and complete books and records of all actions of the corporation, including books and records of account and the minutes of meetings of the Board of Directors and of any committee having any authority of the Board and to the city council. All books and records of the corporation may be inspected by Directors of the corporation or his/her agent or attorney at any reasonable time; and, any information which may be designated as public information by law shall be open to public inspection at any reasonable time. The Texas Open Records Act and Open Meetings Act shall apply to disclosure of public information. The Board of Directors shall provide for an annual financial audit to be performed by a competent independent audit firm employed by the City Council for the Corporation’s audit. The director of finance shall keep and properly maintain, in accordance with generally accepted accounting principles, complete financial books, records, accounts, and financial statements pertaining to its corporate funds, activities and affairs. The City shall cause the Corporation’s financial books, records, accounts, and financial statement to be audited at least once each fiscal year by an outside, independent, auditing and accounting firm selected by the City Council. Such audit shall be at the expense of the Corporation. Section 7.02 Monthly Reports The cCorporation shall provide monthly summaries of anticipated projects, proposed dispersal of funds, and funds that are dispersed. ARTICLE VIII SEAL Section 8.01 Seal The Board of Directors may obtain a corporate seal which shall bear the words “Corporate Seal of the Sanger Texas Development Corporation”. The Board may thereafter use the corporate seal and may later alter the seal as necessary without changing the corporate name, but these Bylaws shall not be construed to require the use of the corporate seal. SECTION ARTICLE IX PROGRAM Section 9.01 Authorization The cCorporation shall carry out its program subject to its Articles of Incorporation and these Bylaws, and such resolutions as the Board may from time to time authorize. Section 9.02 Program Sanger Texas Development Corporation Page 13 of 15 The program of the Sanger Development Corporation shall be to assist, stimulate, and enhance economic development in Sanger, Texas, subject to applicable State and Federal law, these Bylaws, and the Articles of Incorporation. SECTION ARTICLE XARTICLE X PARLIAMENTARY AUTHORITY Section 10.1 Amendments to Bylaws These Bylaws may be amended or repealed and new Bylaws may be adopted by an affirmative two-thirds (2/3) majority vote of the number of authorized Directors then serving on the Board, subject to approval by the City Council. at any regular or any special meeting of the Directors held for such specific purpose, and the notice requirements stated herein above regarding regular or special meetings shall apply. A majority of the Directors of the Corporation present at an annual meeting of the Board may, amend or repeal and institute new Bylaws, provided that at least ten (10) days prior to the annual meeting, written notice setting forth the proposed action shall have been given the Directors, and public notice regarding such actin given according to the requirements of the Texas Open Meetings Act and Open Records Act. The City Council may amend these Bylaws at any time. Such amendments by the City Council will be duly passed and adopted by motion, resolution or ordinance duly reflected in the minutes of the City Council and thereafter, duly noted to the Board. Notwithstanding the foregoing, no amendment shall become effective unless the City Council approves the amendment. SECTION ARTICLE XI DISSOLUTION Section 11.01 Dissolution The cCorporation shall be dissolved according to the provisions contained in the appropriate sections of the Texas Development Corporation Act of 1979, as amended. SECTION ARTICLE XII INDEMNITY Section 12.01 Indemnity The Board of Directors shall authorize the cCorporation to pay or reimburse any current or former Director of Officer of the cCorporation for any costs, expenses, fines, settlements, judgments, and other amounts, actually and reasonably incurred by such person in any action, Sanger Texas Development Corporation Page 14 of 15 suit, or proceeding to which he/she is made a party by reason of holding such position as Director or Officer; provided, however, that such Director or Officer shall not receive such indemnification if he/she isbe finally adjudicated in such instance to be liable for misconduct in office. The indemnification herein provided shall also extend to good faith expenditures incurred in anticipation of or preparation for threatened or proposed litigation. The Board of Directors may, in proper causes, extend the indemnification to cover the good faith settlement of any such action, suit, or proceedings, whether formally instituted or not. Furthermore, the Ccorporation agrees to indemnify and hold harmless and defend the City of Sanger Development Corporation, its officers, agents, and its employees, from and against all claims and suits or damages, injuries to persons (including death), property damages (including loss or use), and expenses (including court costs and attorney fees), arising out of or resulting from the cCorporation’s work and from any liability arising out of or in connection with the Sanger Development Corporation or its officers, agents, or employees entry upon said property, common, constitutional, or statutory law, or based on whole or in part upon the negligent or intentional acts or omissions of the cCorporation, its officers, agents, employees, subcontractors, licensees, invitees, or trespassers or based in whole or in part upon the negligent acts or omissions of the Sanger Development Corporation, its officers, agents, employees, licensees, or invitees. The cCorporation agrees to waive any and all claims it may have against the City of Sanger Development Corporation connrrected with, resulting from, or arising out of claims and suits covered by this indemnification provision and agrees that any insurance carrier involved shall not be entitled to subrogation under any circumstances against the Sanger Development Corporation, its officers, agents, and employees. SECTION ARTICLE XIII MISCELLANEOUS Section 13.01 Relation to Articles of Incorporation These Bylaws are subject to and governed by the Articles of Incorporation. Section 13.02 Effective Date These Bylaws shall be effective upon the adoption by the Board of Directors of the Sanger Development Corporation and the approval of the City Council of the City of Sanger, Texas. Section 13.03 Gifts The Sanger Development Corporation may accept on behalf of the Corporation any contribution, gift, bequest, or device for the general purpose or for any special purposes of the Corporation. Section 13.03 Code of Ethics Each director, including the president and vice president, its officers, employees, and agents shall abide by and be subject to the City Code of Ethics. The Code of Ethics shall be applicable Sanger Texas Development Corporation Page 15 of 15 to independent contractors of the Corporation, except to the extent that such independent contractor is not performing work on behalf of the Corporation. Section 13.04 Applicability of City Charter, Policies and Procedures The City Charter and all duly approved city policies and procedures shall apply directly to the Corporation and the Bboard unless such charters, policies or procedures are superseded by state law or not related to the functions of the Board. The Board has the prerogative, subject to approval by the City Council, to adopt other policies and procedures in addition to or in place of those of the City. 4B ECONOMIC DEVELOPMENT BOARD AGENDA MEMO AGENDA ITEM NO. 6. AGENDA MEETING DATE: January 28, 2020 TO: Shani Bradshaw, 4B FROM:  ITEM/CAPTION: Staff Update 1. City­Wide Comprehensive Plan 2. Traffic Count Report ­ EDP Best Practices 3. Business Growth and Development AGENDA TYPE: Regular ACTION REQUESTED:   BACKGROUND: NA LEGAL/BOARD COMMISSION RECOMMENDATIONS/CITIZEN NOTICE FEEDBACK: NA FINANCIAL SUMMARY ­ FUNDING/FISCAL IMPACT: NA FUNDS: NA STAFF RECOMMENDATION/ACTION DESIRED: NA