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09/22/2020-4B-Agenda Packet-RegularAGENDA 4B ECONOMIC DEVELOPMENT BOARD TUESDAY, SEPTEMBER 22, 2020 6:00 PM HISTORIC CHURCH BUILDING 403 NORTH 7TH STREET SANGER, TEXAS 1.Call Meeting to Order 2.Approval of Minutes 3.Property Enhancement Policy 4.Sanger Strong Business Relief Grant Update 5.Financial Reports 6.Citizen Comments 7.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. Jeriana Staton, Deputy City Secretary City 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: September 22, 2020 TO: Shani Bradshaw, 4B FROM: Shani Bradshaw, Director of Economic Development ITEM/CAPTION: Approval of Minutes AGENDA TYPE: Consent Agenda ACTION REQUESTED: Approval BACKGROUND: Approval of the August 25, 2020 Board Meeting Minutes. LEGAL/BOARD COMMISSION RECOMMENDATIONS/CITIZEN NOTICE FEEDBACK: NA FINANCIAL SUMMARY FUNDING/FISCAL IMPACT: NA FUNDS: NA STAFF RECOMMENDATION/ACTION DESIRED: APPROVE the minutes from the August 25, 2020 board meeting. ATTACHMENTS: Description Upload Date Type August 25, 2020 Minutes 9/17/2020 Cover Memo MINUTES 4B ECONOMIC DEVELOPMENT BOARD TUESDAY, AUGUST 25, 2020 6:00 PM HISTORIC CHURCH BUILDING 403 NORTH 7TH STREET SANGER, TEXAS COMMISSION MEMBERS PRESENT: John Payne, Will Dutton, Beverly Howard, Eddie Piercy and Justin Swaim COMMISSION MEMBERS ABSENT: Jeff Springer and Carrier Bilyeu OTHERS PRESENT: Shani Bradshaw 1.Call Meeting to Order 6:14 PM 2.Approval of Minutes Approval of the July 28, 2020 Board Meeting Minutes. Beverly Howard made motion to approve minutes Will Dutton seconded the motion All in Favor 3.Facade and Sign Grant Program Discuss, Consider and Possibly Act on Authorizing the EDC Director to Execute an Agreement and Sign Related Documents Between EDP Best Practices, LLC and the Texas Development Corporation to Create a Facade and Sign Grant Program. Shani asked the Board for their approval to move forward with the Program. The Agreement with EDP Best Practices can’t be signed until October but she can start working on pulling together information needed for the Grant Program. She would like to have this program in place before the end of the year. Eddie Piercy made motion authorizing the EDC Director to execute an agreement and sign related documents between EDP Best Practices, LLC and the Texas Development Corporation to create a facade and sign grant program Beverly Howard seconded All in favor MINUTES4B ECONOMIC DEVELOPMENT BOARDTUESDAY, AUGUST 25, 20206:00 PMHISTORIC CHURCH BUILDING 403 NORTH 7TH STREETSANGER, TEXASCOMMISSION MEMBERS PRESENT:John Payne, Will Dutton, Beverly Howard, Eddie Piercy and Justin SwaimCOMMISSION MEMBERS ABSENT:Jeff Springer and Carrier BilyeuOTHERS PRESENT:Shani Bradshaw1.Call Meeting to Order6:14 PM2.Approval of MinutesApproval of the July 28, 2020 Board Meeting Minutes.Beverly Howard made motion to approve minutesWill Dutton seconded the motionAll in Favor3.Facade and Sign Grant ProgramDiscuss, Consider and Possibly Act on Authorizing the EDC Director to Execute an Agreement andSign Related Documents Between EDP Best Practices, LLC and the Texas DevelopmentCorporation to Create a Facade and Sign Grant Program.Shani asked the Board for their approval to move forward with the Program. The Agreement with EDPBest Practices can’t be signed until October but she can start working on pulling together informationneeded for the Grant Program. She would like to have this program in place before the end of the year.Eddie Piercy made motion authorizing the EDC Director to execute an agreement and sign relateddocuments between EDP Best Practices, LLC and the Texas Development Corporation tocreate a facade and sign grant programBeverly Howard seconded All in favor 4.Sanger Strong Business Relief Grant Program City Council approved the Business Relief Grant Program but asked the Board to establish a deadline. Shani suggested September 18 for a deadline date. That would allow businesses 3 weeks to apply. Board members agreed to the date. 5.Financial Reports Shani updates and board has a brief discussion 6.Staff Update Denton County Phase 2 Open Grants Sanger Applicants Debt Service Shani gives an update. 7.Citizen Comments No Citizens 8.Adjourn 6:49 PM 4B ECONOMIC DEVELOPMENT BOARD AGENDA MEMO AGENDA ITEM NO. 3. AGENDA MEETING DATE: September 22, 2020 TO: Shani Bradshaw, 4B FROM: Shani Bradshaw, Director of Economic Development ITEM/CAPTION: Property Enhancement Policy AGENDA TYPE: Work Session ACTION REQUESTED: BACKGROUND: Staff is in the process of completing Discovery questions for the Property Enhancement Policy and is seeking input from board members. LEGAL/BOARD COMMISSION RECOMMENDATIONS/CITIZEN NOTICE FEEDBACK: NA FINANCIAL SUMMARY FUNDING/FISCAL IMPACT: NA FUNDS: NA STAFF RECOMMENDATION/ACTION DESIRED: NA 4B ECONOMIC DEVELOPMENT BOARD AGENDA MEMO AGENDA ITEM NO. 4. AGENDA MEETING DATE: September 22, 2020 TO: Shani Bradshaw, 4B FROM: Shani Bradshaw, Director of Economic Development ITEM/CAPTION: Sanger Strong Business Relief Grant Update AGENDA TYPE: Work Session ACTION REQUESTED: BACKGROUND: Staff will provide an update on the number of businesses that applied for the grant program. LEGAL/BOARD COMMISSION RECOMMENDATIONS/CITIZEN NOTICE FEEDBACK: NA FINANCIAL SUMMARY FUNDING/FISCAL IMPACT: NA FUNDS: NA STAFF RECOMMENDATION/ACTION DESIRED: NA 4B ECONOMIC DEVELOPMENT BOARD AGENDA MEMO AGENDA ITEM NO. 5. AGENDA MEETING DATE: September 22, 2020 TO: Shani Bradshaw, 4B FROM: Shani Bradshaw, Director of Economic Development ITEM/CAPTION: Financial Reports AGENDA TYPE: Work Session ACTION REQUESTED: BACKGROUND: Sales tax revenue collected in August were $47,386. Sales tax totals for FY 1920 are $491,222 as compared to $403,646 for the same period last FY. 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 4B ECONOMIC DEVELOPMENT BOARD AGENDA MEMOAGENDA ITEM NO. 5.AGENDA MEETING DATE: September 22, 2020TO: Shani Bradshaw, 4BFROM: Shani Bradshaw, Director of Economic DevelopmentITEM/CAPTION:Financial ReportsAGENDA TYPE: Work SessionACTION REQUESTED: BACKGROUND:Sales tax revenue collected in August were $47,386. Sales tax totals for FY 1920 are $491,222 as compared to$403,646 for the same period last FY. LEGAL/BOARD COMMISSION RECOMMENDATIONS/CITIZEN NOTICE FEEDBACK:NAFINANCIAL SUMMARY FUNDING/FISCAL IMPACT:NAFUNDS:NASTAFF RECOMMENDATION/ACTION DESIRED:NA ATTACHMENTS: Description Upload Date Type Monthly Sales Tax Report August 31, 2020 9/15/2020 Cover Memo Month 2015 Total 2016 Total 2017 Total 2018 Total 2019 Total 2020 Total OCT 26,843 26,843 29,528 29,528 33,532 33,532 36,117 36,117 35,425 35,425 41,961 41,961 NOV 31,897 58,740 36,744 66,272 36,725 70,257 38,951 75,068 36,853 72,278 42,075 84,036 DEC 28,786 87,526 30,055 96,327 37,133 107,390 32,669 107,737 36,420 108,698 44,092 128,128 JAN 41,810 129,336 28,916 125,243 32,386 139,776 34,264 142,001 33,403 142,102 27,585 155,713 FEB 38,909 168,245 35,203 160,446 42,385 182,161 48,966 190,967 36,966 179,068 70,059 225,772 MAR 29,841 198,086 30,091 190,537 34,273 216,434 32,712 223,679 32,428 211,496 40,966 266,738 APR 29,329 227,415 31,321 221,858 29,088 245,522 28,440 252,119 32,984 244,481 35,736 302,474 MAY 33,641 261,056 34,401 256,259 42,345 287,867 39,427 291,546 43,134 287,615 41,692 344,166 JUN 29,030 290,086 32,746 289,005 30,853 318,720 31,811 323,357 36,456 324,071 50,482 394,647 JUL 27,800 317,886 32,803 321,808 35,710 354,430 34,802 358,159 36,977 361,048 49,189 443,837 AUG 35,487 353,373 37,628 359,436 42,725 397,155 39,661 397,820 42,598 403,646 47,386 491,222 SEP 33,366 386,739 31,646 391,082 38,361 435,516 38,280 436,100 38,860 442,506 TOTAL 386,739 386,739 391,082 391,082 435,516 435,516 436,100 436,100 442,506 442,506 491,222 491,222 BUDGET 320,000 66,739 362,500 28,582 362,500 73,016 385,000 51,100 385,000 57,506 385,000 106,222 Actual Actual %Actual Actual % 2019 2020 Change 2019 2020 Change 42,598 47,386 11.2%403,646 491,222 21.7% Year to Date 4A & 4B SALES TAX REVENUE REPORT AugustSales Tax Collection 386,739 391,082 435,516 436,100 442,506 491,222 0 100,000 200,000 300,000 400,000 500,000 600,000 2015 2016 2017 2018 2019 2020 TOTAL REVENUE 2015-2020