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01/04/2022-4A-Agenda Packet-RegularAGENDA 4A ECONOMIC DEVELOPMENT BOARD TUESDAY, JANUARY 4, 2022 1:00 PM HISTORIC CHURCH BUILDING ­ 403 NORTH 7TH STREET SANGER, TEXAS 1.Call Meeting to Order, Establish a Quorum (Roll Call), Invocation. 2.CITIZEN INPUT: (Citizens are allowed 3 minutes to speak. The 4A Economic Development Board is unable to respond or discuss any issues brought up during this section.) 3.CONSENT AGENDA: a.Approval of Minutes 1.MINUTES FROM OCTOBER 5, 2021 4.Consider Any Items Removed from Consent Agenda. REGULAR AGENDA 5.ECONOMIC DEVELOMENT INCENTIVE POLICY Consider an Economic Development Incentive Policy for the City of Sanger. 6.SANGER INDUSTRIAL DEVELOPMENT CORPORATION 2020 ACTION PLAN Review and consider the Sanger Industrial Development Corporation 2020 Action Plan progress report.  7.INFORMATION ITEMS: a.FINANCIAL REPORTS b.DIRECTOR'S REPORT 8.FUTURE AGENDA ITEMS: (The purpose of this item is to allow the Mayor and members of the Board to bring forward items they wish to discuss at a future meeting, A Board Member may inquire about a subject for which notice has not been given. A statement of specific factual information or the recitation of existing policy may be given. Any deliberation shall be limited to a proposal to place the subject on an agenda for a subsequent meeting. Items may be placed on a future meeting agenda with a consensus of the Board or at the call of the Mayor). 9.ADJOURN. Page 1 AGENDA4A ECONOMIC DEVELOPMENT BOARDTUESDAY, JANUARY 4, 20221:00 PMHISTORIC CHURCH BUILDING ­ 403 NORTH 7TH STREETSANGER, TEXAS1.Call Meeting to Order, Establish a Quorum (Roll Call), Invocation.2.CITIZEN INPUT:(Citizens are allowed 3 minutes to speak. The 4A Economic Development Board is unable to respond ordiscuss any issues brought up during this section.)3.CONSENT AGENDA:a.Approval of Minutes1.MINUTES FROM OCTOBER 5, 20214.Consider Any Items Removed from Consent Agenda.REGULAR AGENDA5.ECONOMIC DEVELOMENT INCENTIVE POLICYConsider an Economic Development Incentive Policy for the City of Sanger.6.SANGER INDUSTRIAL DEVELOPMENT CORPORATION 2020 ACTION PLANReview and consider the Sanger Industrial Development Corporation 2020 Action Plan progressreport. 7.INFORMATION ITEMS:a.FINANCIAL REPORTSb.DIRECTOR'S REPORT8.FUTURE AGENDA ITEMS:(The purpose of this item is to allow the Mayor and members of the Board to bring forward items theywish to discuss at a future meeting, A Board Member may inquire about a subject for which notice hasnot been given. A statement of specific factual information or the recitation of existing policy may begiven. Any deliberation shall be limited to a proposal to place the subject on an agenda for asubsequent meeting. Items may be placed on a future meeting agenda with a consensus of the Board orat the call of the Mayor). 9.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. DECEMBER 22, 2021 11:45 A.M. Christy Dyer, 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. Page 2 4A ECONOMIC DEVELOPMENT BOARD AGENDA MEMO AGENDA ITEM NO. A.1. AGENDA MEETING DATE: January 4, 2022 TO: Shani Bradshaw, 4B FROM: Shani Bradshaw, Director of Economic Development ITEM/CAPTION: MINUTES FROM OCTOBER 5, 2021 AGENDA TYPE: Consent Agenda ACTION REQUESTED:   BACKGROUND: LEGAL/BOARD COMMISSION RECOMMENDATIONS/CITIZEN NOTICE FEEDBACK: FINANCIAL SUMMARY ­ FUNDING/FISCAL IMPACT: FUNDS: STAFF RECOMMENDATION/ACTION DESIRED: Approve minutes. ATTACHMENTS: Description Upload Date Type Minutes from October 5, 2021 12/22/2021 Cover Memo Page 3 MINUTES 4A ECONOMIC DEVELOPMENT BOARD TUESDAY, OCTOBER 5, 2021 1:00 PM HISTORIC CHURCH BUILDING ­ 403 NORTH 7TH STREET SANGER, TEXAS BOARD MEMBERS PRESENT: Sue Allison, Nancy McAlister, Chris Kurndrock, Drew Hall BOARD MEMBERS ABSENT: STAFF MEMBERS PRESENT: Economic Development Director Shani Bradshaw, Stefani Dodson 1.Call Meeting to Order, Establish a Quorum (Roll Call), Invocation. Seeing there is a quorum Sue Allison called the meeting to order at 1:03 p.m. 2.CITIZEN INPUT: No citizens came forward to speak. 3.CONSENT AGENDA: Chris Kurnrock makes a motion to approve the consent agenda as presented.  Nancey McAlister seconded the motion.  Motion passes unanimously with a 4­0 vote. a.Approval of Minutes 1.APPROVAL OF MINUTES FROM 08­19­2021 4.Consider Any Items Removed from Consent Agenda. No items were removed. REGULAR AGENDA 5.TAX INCENTIVE POLICY Discuss and consider the Sanger Texas Incentives Policy. Economic Development Director Shani Bradshaw give the board a brief update on the policy.   Sue Allison makes a comment that she would like to add the wording of 10 years.  Chris Kurnrock Page 4 MINUTES4A ECONOMIC DEVELOPMENT BOARDTUESDAY, OCTOBER 5, 20211:00 PMHISTORIC CHURCH BUILDING ­ 403 NORTH 7TH STREETSANGER, TEXASBOARD MEMBERS PRESENT:Sue Allison, Nancy McAlister, Chris Kurndrock, Drew HallBOARD MEMBERS ABSENT:STAFF MEMBERS PRESENT:Economic Development Director Shani Bradshaw, Stefani Dodson1.Call Meeting to Order, Establish a Quorum (Roll Call), Invocation.Seeing there is a quorum Sue Allison called the meeting to order at 1:03 p.m.2.CITIZEN INPUT:No citizens came forward to speak.3.CONSENT AGENDA:Chris Kurnrock makes a motion to approve the consent agenda as presented.  Nancey McAlisterseconded the motion.  Motion passes unanimously with a 4­0 vote.a.Approval of Minutes1.APPROVAL OF MINUTES FROM 08­19­20214.Consider Any Items Removed from Consent Agenda.No items were removed.REGULAR AGENDA5.TAX INCENTIVE POLICYDiscuss and consider the Sanger Texas Incentives Policy.Economic Development Director Shani Bradshaw give the board a brief update on the policy.   Sue Allison makes a comment that she would like to add the wording of 10 years.  Chris Kurnrock explains why the wording would not need to be changed as it is a state code. Shani explains that this policy has already been looked at by legal and states it is a well written policy. Drew Hall explains that the City has not had anything this in depth in a very long time.  He also say he feel confident as the City Manager, and Legal have both looked over it. 6.SANGER INDUSTRIAL DEVELOPMENT CORPORATION 2020 ACTION PLAN Discuss and Consider Action Plan Objectives.  Economic Development Director Shani Bradshaw give the board a brief update.  The board has a brief discussion. 7.INFORMATION ITEMS: Economic Development Director Shani Bradshaw briefly goes over the financial report and the Director's report.  She explains the tax income is looking good. a.FINANCIAL REPORTS b.DIRECTOR'S REPORT 8.FUTURE AGENDA ITEMS: No items were discussed. 9.ADJOURN. No further items on the agenda Sue Allison adjourns the meeting at 2:08 p.m. Page 5 4A ECONOMIC DEVELOPMENT BOARD AGENDA MEMO AGENDA ITEM NO. 5. AGENDA MEETING DATE: January 4, 2022 TO: Shani Bradshaw, 4B FROM: Shani Bradshaw, Director of Economic Development ITEM/CAPTION: ECONOMIC DEVELOMENT INCENTIVE POLICY Consider an Economic Development Incentive Policy for the City of Sanger. AGENDA TYPE: Regular ACTION REQUESTED:  Approval  BACKGROUND: The proposed Incentive Policy creates standards and guidelines that will govern incentives that facilitate economic growth. Staff worked with a consultant to create a policy with specific parameters while still offering the flexibility necessary to ensure the best interest of the City. The Policy elements include eligibility criteria, financial tools and their limitations, as well as outlining the administrative process. Furthermore, the Policy makes it clear that even if a project meets all of the criteria, an application may be denied for any reason at the discretion of the City Council.  LEGAL/BOARD COMMISSION RECOMMENDATIONS/CITIZEN NOTICE FEEDBACK: Legal as reviewed the Policy.  FINANCIAL SUMMARY ­ FUNDING/FISCAL IMPACT: NA FUNDS: NA STAFF RECOMMENDATION/ACTION DESIRED: Approve the Incentive Policy and Application. Page 6 4A ECONOMIC DEVELOPMENT BOARD AGENDA MEMOAGENDA ITEM NO. 5.AGENDA MEETING DATE: January 4, 2022TO: Shani Bradshaw, 4BFROM: Shani Bradshaw, Director of Economic DevelopmentITEM/CAPTION:ECONOMIC DEVELOMENT INCENTIVE POLICYConsider an Economic Development Incentive Policy for the City of Sanger.AGENDA TYPE: RegularACTION REQUESTED:  Approval BACKGROUND:The proposed Incentive Policy creates standards and guidelines that will govern incentives that facilitate economicgrowth. Staff worked with a consultant to create a policy with specific parameters while still offering the flexibilitynecessary to ensure the best interest of the City.The Policy elements include eligibility criteria, financial tools and their limitations, as well as outlining the administrativeprocess. Furthermore, the Policy makes it clear that even if a project meets all of the criteria, an application may bedenied for any reason at the discretion of the City Council. LEGAL/BOARD COMMISSION RECOMMENDATIONS/CITIZEN NOTICE FEEDBACK:Legal as reviewed the Policy. FINANCIAL SUMMARY ­ FUNDING/FISCAL IMPACT:NAFUNDS:NASTAFF RECOMMENDATION/ACTION DESIRED:Approve the Incentive Policy and Application. ATTACHMENTS: Description Upload Date Type Incentive Policy and Application 12/22/2021 Cover Memo Page 7                     RESOLUTION NO. ______ A  RESOLUTION  OF  THE  CITY  OF  SANGER,  TEXAS,  APPROVING  THE  TERMS AND CONDITIONS OF AN INCENTIVES POLICY TO PROMOTE ECONOMIC DEVELOPMENT AND STIMULATE  BUSINESS  AND  COMMERCIAL  ACTIVITY  IN  THE  CITY;  ESTABLISHING GUIDELINES  AND  CRITERIA  FOR  APPROVAL  OF  TAX  ABATEMENTS  AND  OTHER INCENTIVES; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the Texas Development Corporation Act of 1979 (the Act), now codified in Title 12, Subtitle C1, Chapters 501‐505 of the Texas Local Government Code, authorizes communities to collect Type A and / or Type B economic development sales and use taxes; and WHEREAS the residents of the City of Sanger (City) on May 2, 1998 passed an election approving the collection of a 0.50% sales and use tax for the benefit of a Type A Economic Development Corporation (Type A Sales Tax); and WHEREAS, the City Council of the City (Council) on May 16, 1998 passed a Resolution ratifying said election and adopting the Type A Sales Tax effective as of October 1, 1998 establishing the Sanger Texas Industrial Development Corporation (STIDC) as a Type A Economic Development Corporation; and WHEREAS, the Board of the STIDC on January 7, 2020 and the Council on March 16, 2020 approved amended Bylaws for the STIDC; and WHEREAS, the Articles of Incorporation for the STIDC were filed with the State of Texas on November 19, 1998; and WHEREAS the  residents  of  the  City  of  Sanger,  Texas  (City)  on  May  2,  1998  passed  an  election approving the collection of a 0.50% sales and use tax for the benefit of a Type B Economic Development Corporation (Type B Sales Tax); and WHEREAS, the City Council of the City (Council) on September 21, 1998 passed Resolution 09‐21‐98 ratifying said election and adopting the Type B Sales Tax effective as of October 1, 1998 establishing the Sanger Texas Development Corporation (STDC) as a Type B Economic Development Corporation; and WHEREAS, the Board of the STDC on April 14, 2020 and the Council on May 4, 2020 approved amended Bylaws for the STDC; and WHEREAS, the Articles of Incorporation for the STDC were filed with the State of Texas on February 26, 1999; and WHEREAS,  Chapter  312  of  the  Texas  Tax  Code,  cited  as  the  Property  Redevelopment  and  Tax Abatement Act, authorizes municipalities to grant tax abatements upon establishing guidelines and criteria for tax abatement agreements; and WHEREAS, Chapter 380 of the Texas Local Government Code authorizes municipalities to establish and provide for the administration of programs that promote economic development and stimulate business and commercial activity in the City; and WHEREAS,  Section  501.158  of  the  Texas  Local  Government  Code  requires  that  an  Economic Development Corporation, prior to providing a direct incentive or making an expenditure on behalf of a business enterprise, enter into a Performance Agreement that includes certain provisions defined in that Section; and WHEREAS, the City hereby elects to be eligible for tax abatement as provided for in the guidelines and criteria established in the Policy; and WHEREAS, the City desires to attract high‐quality long‐term investment and the creation of new jobs and to stimulate business and commercial activity in the City; and Sanger, Texas ‐   Resolution _________ ‐ Incentives Policy   ‐ 2021‐06‐17    ‐    Page 1 of 3 Page 8                                     WHEREAS,  the  City  recognizes  the  importance  of  retaining  existing  businesses,  attracting  new businesses, and providing for the redevelopment of sub‐standard properties; and WHEREAS, the City, the STIDC and the STDC each desire to replace the current incentives policy adopted in 2007  with the Incentives Policy (Policy) attached as Exhibit A; and WHEREAS, the Board of the STIDC on ________, 2021 considered and recommended approval of the Policy to the Council; and WHEREAS, the Board of the STDC on ________, 2021 considered and recommended approval of the Policy to the Council; and WHEREAS, upon full review and consideration of the Policy and all matters attendant and related thereto, the Council is of the opinion that the Policy will promote economic development and stimulate business  and  commercial  activity  in  the  City  and  establish  guidelines  and  criteria  for  approval  of  tax abatements and other incentives. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SANGER, TEXAS, THAT: SECTION 1. The  facts  and  recitations  contained  in  the  preamble  of  this  Resolution  are  hereby  found  and declared to be true and correct. SECTION 2. The  City  Council  finds  that  the  guidelines  and  criteria  of  the Policy  will  promote  economic development and stimulate business and commercial activity in the City. SECTION 3. The City Council hereby adopts the Policy authorizing the City to participate in tax abatement and other incentives and take other specified actions, in accordance with the guidelines and criteria outlined in the Policy. SECTION 4. The guidelines and criteria of the Policy, having been reviewed by the City Council of Sanger and found  to  be  acceptable  and  in  the  best  interest  of  the  City  and its  citizens  and  businesses, are hereby approved. SECTION 5. This Resolution shall become effective from and after its passage. PASSED AND APPROVED this the ______ day of _________, 2021. ________________________ Thomas Muir, Mayor ATTEST: ____________________________ City Secretary Sanger, Texas ‐   Resolution _________ ‐ Incentives Policy   ‐ 2021‐06‐17    ‐    Page 2 of 3 Page 9   Sanger, Texas   ‐   Resolution _________   ‐   Incentives Policy   ‐   2021‐06‐17    ‐    Page 3 of 3   EXHIBIT A    Incentives Policy  Page 10 Sanger, Texas     ‐     Incentives Policy     ‐     2021‐06‐17     ‐     Page 1 of 13  Sanger, Texas  Incentives Policy    WHEREAS,  the  Board  of  the  City’s  Type  A  Industrial  Development  Corporation  (A‐Board),  on  ________, 2021  and the Board of the City’s Type B Development Corporation (B‐Board), on _______,  2021 considered and recommended approval of this Incentives Policy (Policy) to the Sanger City Council  (Council); and  WHEREAS, upon full review and consideration of this Policy, the Council is of the opinion that this  Policy  will  assist  in  implementing  programs  whereby  economic  development  will  be  promoted  and  business and commercial activity will be stimulated in the City.  BE IT KNOWN, that the Council on ________, 2021 approved Resolution ________ adopting the  following guidelines and criteria as the City of Sanger’s Incentives Policy.    Section 1.  Introduction & Goals  It is the intent of this Policy to provide guidelines and criteria, requirements, and procedures to evaluate  and  approve  any  Incentives  deemed  necessary  by  the  City  for  the furtherance of its economic  development and community goals.  This Policy shall include provisions for Tax Abatement as well as use  of Type A and / or Type B economic development sales tax funds, general funds of the City, and any other  resources as approved by the Council.  Incentives may be considered for both new facilities and for the  Expansion or Modernization of existing Facilities and structures.  Nothing herein shall imply or suggest  that the City is under any obligation to provide any Incentive to any Applicant. The City retains the right  to evaluate applications and grant Incentives, if any, as deemed appropriate on a case‐by‐case basis  without the necessity of amending any contrary provisions of this Policy.  Following are the goals of this  Policy:  1.1. When in the best interests of the City, provide Incentives to existing businesses that will enhance  the commercial viability and sustainability of existing commercial properties in the City;    1.2. When  in  the  best  interests  of  the  City,  provide  Incentives  to  attract  desired  businesses  or  developers to invest in the City;   1.3. Encourage redevelopment of targeted areas in the City;  1.4. Create or enhance employment opportunities for residents of the City;  1.5. Increase the non‐residential ad‐valorem tax and / or sales and use tax revenue base for the City;  and  1.6. Ensure that all policies, procedures and any resulting Incentive Agreements related to the provision  of Incentives to stimulate economic development shall comply with all applicable state statutes.    Section 2.  Definitions  The following definitions shall apply to the terms used in this Policy.    Act:  Shall mean the Development Corporation Act, now codified in Title 12, Subtitle C1, Chapters 501‐505  of the Texas Local Government Code.  Agreement:  Shall mean an Incentive Agreement as defined herein.  Page 11 Sanger, Texas     ‐     Incentives Policy     ‐     2021‐06‐17     ‐     Page 2 of 13  Agreement in Principle (AIP):  Shall mean a non‐binding draft of performance requirements of a Project  and any Incentives to be offered by the City.  Applicant:  Shall mean the Property owner or business occupant signing the Incentives Application.  Application:  Shall mean the Incentives Application as maintained by Staff.  Appraisal District:  Shall mean the Denton Appraisal District.  Base Year Value:  Shall mean the assessed value of the Facility on the 1st of January preceding the  execution of an Incentive Agreement.  Board‐A:  Shall mean the Board of the Type A Industrial Development Corporation of the City.  Board‐B:  Shall mean the Board of the Type B Development Corporation of the City.  City:  The City of Sanger, Texas. Where “City” is used in this Policy as an action to be taken or an incentive  to be offered, City shall include the A‐Board or B‐Board as authorized or permitted by State Law.  Code Violations:  Shall be as defined in the City’s adopted building or zoning codes.  Construction Costs: The cost of permits, fees, construction materials, and installation labor.  All other  associated costs are deemed excluded, including, but not exclusively, the following costs: design,  engineering, construction document preparation, bidding, and construction financing.   Council:  The City Council of the City.  County:  Shall mean Denton County, Texas.  Development Corporation:  Shall mean the Type A and / or Type B Development Corporation authorized  by the Texas Development Corporation Act of 1979 (the Act), now codified in Title 12, Subtitle C1,  Chapters 501‐505 of the Texas Local Government Code, to collect Type A and / or Type B economic  development sales and use taxes.  Director:  Shall mean the Director of Economic Development for the City.  Effective Date:  The date this Policy was approved by the Council.  Employee, Full‐Time:  Shall mean any employee of the company that regularly works a minimum of thirty  (30) hours per week.   Employee, Part‐Time:  Shall mean any employee that regularly works less than thirty (30) hours a week.  Employees, Full‐Time Equivalent (FTE):  Shall mean the number of employees equivalent to full‐time  employees, e.g. two part‐time employees working 20 hours each is equal to one full‐time employee.  Expansion:  Shall mean the addition of buildings, structures, fixed equipment or machinery for the purpose  of increasing production capacity.  Facility:  Shall mean the Property, building and Improvements.  Freeport Exemption:  If adopted by the City, the Freeport Exemption from ad valorem taxation applies  only if qualifying goods, wares, merchandise, ores, and certain aircraft and aircraft parts have been  detained in the state for 175 days or less for the purpose of assembly, storage, manufacturing,  processing, or fabricating.  Grants:  Funds provided by the City for a particular Project in accordance with this Policy.  Incentive Agreement:  Shall mean a written agreement summarizing the performance requirements of a  business  or  developer  and  the  Incentives  to  be  provided  by  the City  upon  fulfillment  of  those  performance requirements (e.g Tax Abatement Agreement, Chapter 380 Agreement, Performance  Agreement).  Page 12 Sanger, Texas     ‐     Incentives Policy     ‐     2021‐06‐17     ‐     Page 3 of 13  Impact Fees:  Fees adopted by the City in accordance with Chapter 395 of the Texas Local Government  Code.  Improvements:  Shall mean the New Construction or Modernization of buildings, interiors, site work,  Public  Works  Improvements,  parking  and  drives,  landscaping,  irrigation,  lighting  and  specifically  excluding land and / or Business Personal Property.  Incentives:  Shall be as defined in Section 5 herein.  Minimum Performance Requirements:  Shall be as defined in Section 6 herein.  Modernization:  Shall mean the replacement and upgrading of existing facilities which increases the  productive input or output, updates the technology, or substantially lowers the unit cost of the  operation,  and  extends  the  economic  life  of  the  Facility.    This  shall  not  include  reconditioning,  refurbishing, repairing or completion of deferred maintenance on the Facility or its equipment.  New Construction:  Shall mean the first‐time construction of Improvements utilizing newly purchased  materials, and specifically excluding any remodeling or renovations undertaken after issuance of the  first Certificate of Occupancy.  Payroll:  The company’s total expenditures for all employees for the month immediately preceding the  Application, multiplied by twelve (12).  Performance Agreement:  An agreement meeting the provisions of Section 501.158 of the Texas Local  Government Code and entered into by a Type A or Type B Development Corporation prior to providing  a direct incentive or making an expenditure on behalf of a business enterprise.  Policy:  Shall mean this Incentives Policy.  Primary Job:  A job that is 1) available at a company for which a majority of the products or services of  that company are ultimately exported to regional, statewide, national,  or  international  markets,  infusing new dollars into the local economy; and 2) included in an acceptable sector of the North  American Industry Classification System (NAICS) as identified in Section 501.002 (12) of the Act.   Project:  The initiative or investment to be provided in accordance with the performance standards of any  Incentive Agreement providing Incentives.  To the extent that any Type A or Type B funds are to be  used as Incentives, the Project shall meet the definitions provided in the Act.  Project Applicability:  Shall be as defined in Section 7 herein.  Property:  Shall mean the physical parcel of land for which Incentives are being granted.  Property – Business Personal:  Shall mean the tangible and movable items used in the course of business  not permanently affixed to, or part of, the real estate.  Examples of Business Personal Property (BPP)  include:  furniture, machinery and equipment, computers, vehicles, inventory and supplies.  Property ‐ Real:  Shall mean the Property and the Improvements constructed on the Property.  Public Works Improvements:  Shall mean improvements that upon completion and acceptance shall be  owned and maintained by the City.  (e.g. water, sewer, streets, drainage)  Recapture (aka Claw‐back):  A provision in an Incentive Agreement that states how and to what extent  any Incentives provided must be paid back to the City if the required performance criteria are not met.   Staff:  The City Manager or their designee.  Tax Abatement:  Shall mean the full or partial exemption from paying ad valorem taxes on real property  or tangible personal property in accordance with provisions of Chapter 312 of the Texas Tax Code.  Tax Abatement Agreement:  Shall mean an agreement to provide Tax Abatement as authorized by Chapter  312 of the Texas Tax Code.  It may also be referenced herein as an Incentive Agreement.  Page 13 Sanger, Texas     ‐     Incentives Policy     ‐     2021‐06‐17     ‐     Page 4 of 13  Section 3.  General Eligibility  The following shall establish the minimum eligibility for receiving Incentives identified in this Policy.  3.1. Properties:  Only properties meeting the following requirements at the time an Application is  submitted shall be eligible to receive Incentives outlined by this Policy.  3.1.1. Within the City:  Property must be located within the City’s municipal boundaries unless  provisions for annexation into the City are part of the Incentive Agreement.  3.1.2. Zoning:  Property must be zoned for the proposed uses.  3.1.3. Taxes:  Property shall be in good standing as it relates to taxes due to the City.  3.1.4. Liens:  Property shall be in good standing as it relates to any liens held by the City.  3.1.5. Ownership:  Property owners must provide sufficient proof of ownership.  3.1.6. Code Violations:  Property must not have any outstanding code violations with the City.  3.1.7. Construction Commencement: Construction for the Facility must not have commenced  prior to the approval of an Incentive Agreement.  3.2. Businesses:    Only  businesses  meeting  the  following  requirements  shall  be  eligible  to  receive  Incentives outlined by this Policy.  3.2.1. Taxes:  The business shall be in good standing as it relates to taxes due to the City.  3.2.2. Property Owner Approval:  Businesses, if not the owner of the property to be occupied,  must provide a copy of their lease agreement and support of the Incentives Application  from the Property owner prior to City approval of the Application.  3.2.3. Length of Operations:  Existing businesses must have maintained operations in the City for  six (6) months consecutively in order to receive Incentives.  3.3. Statutory Limitations:  It is the intent of the City to comply with all statutory limitations on the use  of any Type A or Type B sales and use tax funds for Projects as authorized by the Act.      Section 4.  Priorities  The City has determined that the following are priorities for the Incentives potentially granted pursuant  to this Policy.  The evaluation of the merits of any Application shall take into consideration whether or not  the Application also meets these priorities.  4.1. Geographic Areas:  The following are the City’s preferences for providing Incentives in geographic  areas of the City.   4.1.1. High Priority:   A. I‐35 and F.M. 455 corridors; and  B. Areas zoned Industrial or designated industrial on the future land use plan.  4.2. Businesses:  The following are the City’s preferences for providing Incentives to certain types of  businesses in the City.  4.2.1. High Priority:    A. Industrial, manufacturing or logistics;   B. Distribution centers;   C. Professional / corporate offices;   Page 14 Sanger, Texas     ‐     Incentives Policy     ‐     2021‐06‐17     ‐     Page 5 of 13  D. Retail and restaurants;  E. Providers of entertainment;   F. Medical services; and  G. High sales tax generators.  4.2.2. Low Priority:   A. Businesses that could have reflect a negative image for the City;  B. Businesses that create pollution, hazardous waste or emissions; and  C. Businesses requiring excessive water usage.     Section 5.  Incentives  Following are Incentives that the City, on a case‐by‐case basis, could consider granting for specific Projects  depending on the merits of the Project.  Incentives, including Tax Abatement, are available to new  Facilities and structures and the Expansion and Modernization of existing Facilities and structures. This  shall include the redevelopment of existing properties.  Applicability for each type of Incentive shall be as  shown in Section 7 herein.  Any Incentives provided pursuant to this Policy shall not reduce the Base Year  Value of the Facility.  5.1. Financial – Ad Valorem Taxes:  The City may consider granting the following Incentives relative to  Ad Valorem Taxes.  5.1.1. Real Property Tax:  The City may consider abating the taxes on Real Property by approval  of a Tax Abatement Agreement or by approval of an Incentive Agreement granting back  Real Property taxes paid to the City.  5.1.2. Business Personal Property Tax:  The City may consider abating the taxes on Business  Personal  Property  by  approval  of a  Tax  Abatement  Agreement  or  by  approval  of  an  Incentive Agreement granting back Business Personal Property taxes paid to the City.  5.1.3. Inventory Tax:  The City grants relief of inventory taxes through their Freeport Exemption  if adopted.  Inventory that is not eligible for Freeport Exemption is also not eligible for  Incentives pursuant to this Policy.  5.1.4. Tax Stabilization / Incremental Increase:  In a situation where an existing Facility may be  Expanded or Modernized, the City may consider stabilizing the ad valorem taxes collected  as of the date of completion and / or an incremental yearly increase to market rates.  This  shall be accomplished by granting back the increase in taxes paid to the City.  5.1.5. Agricultural Exemption:  The City may consider granting back all or a portion of the Ag  Exemption City taxes due at the time of development.  5.2. Financial – Sales Tax Grants / Reimbursements:  Through approval of an Incentive Agreement, the  City may provide Grants of all or a portion of the following sales and use taxes.  Where the Project  is a retail development, for the purposes of evaluating and granting incentives in accordance with  this Policy, sales and use taxes shall be measured net of any business relocations occurring within  the City.  i.e. if a retail business is currently operating in the City, and relocates to the new  development, it’s sales taxes shall be excluded from the calculation of new sales taxes generated.  5.2.1. General Fund Sales Tax:  The sales and use taxes going to the City’s general fund.  5.2.2. Development Corporation Sales Tax:  The sales tax going to the City’s Type A and / or Type  B Development Corporation Sales Tax funds.  Page 15 Sanger, Texas     ‐     Incentives Policy     ‐     2021‐06‐17     ‐     Page 6 of 13  5.3. Financial ‐ Fee Reductions / Credits:  The City may consider the reduction or credit of all or a portion  of the following fees.  This shall not include any charges by third‐parties assisting the City with  implementation of services provided by the fees unless so provided in an approved Incentive  Agreement.  5.3.1. Impact Fee ‐ Water:  Any water Impact Fee charged by the City.  This shall not include the  “pass‐through” Impact Fees owed to any other Agency.  5.3.2. Impact Fee ‐ Wastewater:  Any wastewater (aka sanitary sewer) Impact Fee charged by the  City.  This shall not include the “pass‐through” Impact Fees owed to any other Agency.  5.3.3. Impact Fee ‐ Roadway:  Any roadway Impact Fee charged by the City.  5.3.4. Road Participation Fee:  Any roadway participation fee charged by the City.  5.3.5. Drainage Improvement Fee:  Any fee charged for the improvement of drainage facilities in  the City.  5.3.6. Building Permit Fee:  Any fee related to the review of non‐Public Works construction plans  and building plans required for the issuance of a building permit.  5.4. Financial ‐ Misc.:  The City may consider the following miscellaneous financial Incentives.  5.4.1. Equipment  Purchase:    Funds  provided  to  assist  with  or  provide  for  the  purchase  of  equipment that increases production for the business.  5.4.2. Forgivable Loan:  An agreement by the City to provide a loan whose repayment may be  forgiven under particular circumstances.   5.5. Sales, Lease or Exchange of Land or Buildings:  The City recognizes that the sale and conveyance,  lease, or exchange of certain property owned by the City may meet the objectives identified in this  Policy.  In accordance with State Law, the City may consider the sale, lease or exchange of land  without the necessity of accepting written bids pursuant to a published notice and at or below  market value to further the objectives identified herein.  5.5.1. Build‐to‐Suit / Leaseback:  An agreement where the City builds a building or facility to suit  the needs of the Applicant in exchange for a commitment from the applicant to lease the  facility from the City.  5.5.2. Free / Reduced‐Cost Land:  Any provision where the City provides free or reduced‐cost  lands to the Applicant.  5.5.3. Free / Reduced‐Cost Building:  Any provision where the City provides a free or reduced‐cost  building to the Applicant.  5.5.4. Land Lease:  Any provision where the City leases rights to City‐owned land to the Applicant  to allow construction of their Facility.   5.6. Employment‐Related:  The City may consider the following employment‐related Incentives.  5.6.1. Relocation Assistance:  Any provision where the City provides a ssistance to new employees  relocating to residency within the City.  5.6.2. Cash for Employment:  Any provision where the City provides for  one‐time payments to the  Business for each new employee of a certain classification established at a new or existing  Facility in the City.   5.6.3. Employee Training Assistance:  Any provision where the City provides assistance in the  training of new employees employed at a new or existing facility in the City.  5.7. Infrastructure Assistance:  The City may consider the following infrastructure assistance Incentives.  5.7.1. Water Line Extensions:  Participation in all or a portion of the costs of extending water  distribution lines to the Facility.  Page 16 Sanger, Texas     ‐     Incentives Policy     ‐     2021‐06‐17     ‐     Page 7 of 13  5.7.2. Sewer Line Extensions:  Participation in all or a portion of the costs of extending sanitary  sewer lines to the Facility.  5.7.3. Roadway  Improvements:    Participation  in  all  or  a  portion  of  the costs of roadway  improvements serving the Facility.  5.7.4. Storm Drainage Improvements:  Participation in all or a portion of the costs of storm  drainage improvements at or downstream of the Facility.  5.8. Development Cost Participation:  The City may consider participation in the following development  cost Incentives.  5.8.1. Demolition:  Participation in all or a portion of the costs of demolishing existing structures  on a property.  5.8.2. Environmental  Mitigation:  Participation  in  all  or  a  portion  of the  costs  of  mitigating  environmental issues on a property.  5.9. Economic Development District Establishment:  In instances where the Project is of a significant  scope and scale, the City may consider the establishment of uni que economic development districts  (e.g. Tax Increment Reinvestment Zone, Public Improvement District).  5.10. Hotel Occupancy Tax:  The City may consider the use of Hotel Occupancy Tax pursuant to Chapter  351 of the Texas Tax Code.  5.11. Support for State Incentives:  The City may consider providing support for the Project in the  application and processing of State of Texas incentives.  5.12. Support for Federal Incentives:  The City may consider providing support for the Project in the  application and processing of Federal incentives (Opportunity Zones, New Market Tax Credits, etc.).    Section 6.  Minimum Performance Requirements  The following shall identify the Minimum Performance Requirements for each project classification.   These requirements are new construction, revenues or employees attributable to the Project.     Project  Classification  Min. New  Construction  Cost  Min. New  FTE  Employees  Min. New  Taxable  Sales1  Notes / Examples  ‐50$5,000,000Corporate  e.g.Significant  office  uses, Corporate HQ or regional HQ  ‐20$5,000,000Industrial  industrial  /Owner  occupied, logistics business  Retail ‐ ‐ $1,000,000    Hotel / Conf.  Center ‐‐$5,000,000  Hospitality  or  entertainment  venues  including  hotels  and  conference centers  $5,000,000‐$5,000,000Development  New development   1Generated annually     Page 17 Sanger, Texas     ‐     Incentives Policy     ‐     2021‐06‐17     ‐     Page 8 of 13  Section 7.  Applicability Matrix  The following Applicability Matrix shall provide a framework for identifying the potential Incentives that  are applicable to various classifications of Projects as identified above.  Term and amount of Incentives  shall be determined on a case‐by‐case basis.     Potential Incentive  Project Classification  Corporate  Industrial  Retail  Hotel /  Conf.  Center  Develop‐ ment Expansion  Tax Abatement  X  X  ‐  X  ‐  ‐  Ad Valorem   Tax Grants X  X  ‐  X  ‐  X  Sales Tax Grants  ‐  ‐  X  ‐  X  ‐  Constr. Sales Tax  Grants X  X  X  X  X  X  Fee Reductions /  Credits X  X  X  X  X  X  Misc. Financial  X  X  ‐  X  ‐  X  Land / Building  Related ‐  X  X  X  ‐  ‐  Employment Related  X  X  ‐  X  ‐  ‐  Infrastructure  Assistance X  X  X  X  X  ‐  Dev. Costs  X  X  X  X  X  ‐  Process Related  X  X  ‐  X  X  X  E.D. Districts  ‐  ‐  X  X  X  ‐  HOT  ‐  ‐  ‐  X  X  X  State / Fed. Assistance  X  X  X    X  ‐    Section 8.  Administrative Procedures  The Applicant shall follow the Administrative Procedures noted below to apply for Incentives as identified  herein.  8.1. Pre‐Submittal:    All  Applicants  are  encouraged  to  meet  with  Staff  prior  to  preparation  of  an  Application.  Applicants should contact the Director of Economic Development to set up a meeting.  8.2. Application Requirements:  The submittal of an Application is required prior to any evaluation of  the request for Incentives.  The Application shall include the following information.  8.2.1. General Information:   A. The name of the Project.  B. The intended use (e.g. Call center, corporate / regional office, professional office,  retail, distribution).  C. If the Project is a relocation, consolidation or expansion of existing facilities, identify  the location of the existing facilities.  D. An overview of the Company.  Page 18 Sanger, Texas     ‐     Incentives Policy     ‐     2021‐06‐17     ‐     Page 9 of 13  E. The NAICS Code of the Company’s business.  F. A description of the experience and qualifications of the Project Team.  G. The type of Project (i.e. retention, expansion, own / lease, new development).  8.2.2. Property Information:   A. Property address.  B. Lot / Block / Subdivision name if platted.  If not platted, a legal description will be  required prior to executing any Agreements.  C. Appraisal District Property ID numbers.  D. Current Appraisal District valuations for all parcels.  E. Acreage.  F. Current owner and proof of ownership (e.g. deed, appraisal info)  8.2.3. Eligibility of Property: Address the eligibility requirements in Section 3.1.  8.2.4. Eligibility of Business: Address the eligibility requirements in Section 3.2.  8.2.5. Priorities: Address the priorities in Section 4.0.  8.2.6. Project Data:   A. Business name.  B. Describe the type of building proposed (e.g. number of stories, style, materials)  C. Describe the development concept (e.g. single building or campus setting, open space,  surface or structured parking)  D. Describe the extent that any infrastructure component is enhanced or expanded.  E. Provide timing estimates for major milestones of the Project.  F. Provide estimates of Project data by phase and date, including but not limited to:  i. List  the kind, number, use, square footage and location of all the proposed  improvements on the property.  ii. Total capital investment including acquisitions, Improvements, building costs and  equipment.  iii. Estimated Appraised Value of all Improvements.  iv. Acquisition cost of all Business Personal Property  v. Estimated Appraised Value of all Business Personal Property.  vi. Number,  type,  quality  and  wage  levels  of  new  Full‐Time  Equivalent  (FTE)  employees.  vii. New Payroll added.  viii. Average employees’ annual salary.  ix. Employees with salary $50,000 or greater.  x. Taxable sales from the Facility.  xi. Hotel Occupancy Tax generated (if applicable).  8.2.7. Requested Incentives:  The Applicant shall itemize the Incentives (Section 5) they are  requesting from the City.  These are to be prioritized by order  of  preference  by  the  Applicant.  Page 19 Sanger, Texas     ‐     Incentives Policy     ‐     2021‐06‐17     ‐     Page 10 of 13  8.2.8. Required attachments and / or exhibits:   A. Legal description of the Property.  B. Proof of ownership, or contract option or offer.  C. Photos of existing conditions  D. Drawings, renderings, plans of the proposed Improvements.  E. Current ad valorem tax appraised value estimates by the applicable appraisal district  showing appraised values for three similar type and size projects within the County.  F. If Applicant is not the Property owner:  i. Written approval of the Application from the owner  ii. Copy of the signed lease agreement  8.2.9. Amendments:  Staff may amend the form of the Application as needed to more efficiently  evaluate the merits of the requested Incentives.  8.3. Review & Evaluation:  Following are criteria to review and evaluate the Application.  8.3.1. Review Criteria:   A. Completeness of Application:  Completeness of the Application; including all required  documentation.  B. Application Information:  Any information provided in the Application.  C. Priorities:  Does the Application include a high‐priority business classification or is it  located in a high‐priority geographic area?  D. General Eligibility:  Does the Project meet the General Eligibility requirements?  E. Revenues:  What are the net tax revenue benefits to the City, both Ad Valorem and  Sales Taxes?  F. Employment:  How many people will be employed by the Project?  What are the  education level requirements for employment?  Are the wages to be paid higher than  the average in the area?  G. Impacts:  An estimation of the positive and negative impacts that the Project might  have.  i. Cannibalization  of  Existing  Businesses:    To  what  extent  does  the  Project  cannibalize the profitability of an existing business?  ii. Private Investment Catalyst:  To what extent does the Project act as a catalyst for  future private investment?  iii. City Services:  To what extent does the Project have a positive or negative impact  on the Services or infrastructure of the City?  8.3.2. Staff Evaluation and Recommendation:  The coordinating Staff member shall convene a  team of the appropriate Staff members to evaluate the Application.  Upon review, Staff  shall prepare a recommendation to forward to the City or appropriate Board.  A. Site Visit:  Prior to formal evaluation of the Application, the Applicant shall allow Staff  the opportunity to visit the Property to verify its status prior to any Incentives.  B. Financial Analysis:  If deemed necessary, Staff shall analyze the financial aspects of the  incentive  proposal  using  an  appropriate  method  (return  on  the  investment  of  Incentives in the Project and / or the timing required for new revenues to “break‐even”  with the cost of the proposed Incentives).  Page 20 Sanger, Texas     ‐     Incentives Policy     ‐     2021‐06‐17     ‐     Page 11 of 13  C. Consulting Services:  Should a consulting service be deemed necessary by the City to  aid in their evaluation (e.g. financial impacts / cost‐benefit analysis, infrastructure  impacts  or  capabilities),  the  Applicant  may  be  required  to  submit  additional  information not required in the Application.  Additionally, the City may require that  the Applicant participate up front in the cost of obtaining these services.    8.4. Preliminary Discussions:  Upon receipt of a satisfactory Application, and preparation of a Staff  Recommendation, Staff shall hold preliminary discussions with approving bodies as follows.  8.4.1. A / B Boards:  Where funds to be used for any Incentive herein are subject to authorization  of the A and / or B Board, the Board shall consider the request for Incentives and make a  recommendation to the Council.   8.4.2. Council:  The Council shall be briefed on the merits of the preliminary Incentives request  and the recommendation of the Board, if any, and advise Staff whether or not to proceed  with negotiations of an Agreement in Principle.  8.5. Agreement in Principle:  The Director shall lead the negotiation and drafting of a non‐binding  Agreement in Principle (AIP) memorializing in writing the Project’s performance requirements and  the Incentives to be provided by the City.  This shall include engagement of Project representatives,  the A and B Boards, City Council and their legal representatives if appropriate.  Evolution of changes  in the AIP shall be documented via redline/strikeout drafts as progress is made.  8.5.1. Preliminary  Approval:    Staff  shall  seek  preliminary  approval  of the AIP from Project  representatives,  the  appropriate  Board,  and  City  Council  prior to  preparation  of  an  Incentive Agreement.  8.6. Incentive Agreement:  An Incentive Agreement shall be required for all Projects receiving Incentives  from the City in accordance with the following.  8.6.1. Preparation:  The Director shall work with legal representatives for the City and / or Board  to  prepare  an  Incentive  Agreement  substantially  conforming  to  the  provisions  of  the  Agreement in Principle.  A. Allied Agency Engagement:  Though not a party to any City Incentive Agreement, Staff  shall  engage  and  keep  informed any  allied  agencies  (County,  School  District)  contemplating their own incentives for the Project.  8.6.2. Tax  Abatement  Minimum  Requirements:    Any  Incentive  Agreement  including  Tax  Abatement shall include the following at a minimum:  A. Improvements:  List the kind, number and location of all the proposed improvements  on the Property.  B. Base Year Value:  Provide that the Agreement does not include any reduction in Base  Year Values.  C. Access:  Provide access to and authorize inspection of the property by City employees  to ensure that the improvements or repairs are made according to the specifications  and conditions in the Agreement.   D. Uses:  Limit the uses of the property consistent with the general  purpose  of  encouraging  development  or  redevelopment  of  the  zone  during  the  period  that  property tax exemptions are in effect.  E. Recapture Provisions:  Provide for the recapture of property tax revenue lost or any  Incentives provided as a result of the Agreement if the owner of the Property fails to  make the improvements or repairs as provided by the Agreement.  F. Term:  Describe the term of the Agreement.  Page 21 Sanger, Texas     ‐     Incentives Policy     ‐     2021‐06‐17     ‐     Page 12 of 13  G. Certification:  Require the owner of the Property to certify annually to the governing  body of each taxing unit that the owner is in compliance with each applicable term of  the Agreement.  H. Cancellation / Modification:  Provide that the City may cancel or modify the Agreement  if the property owner fails to comply with the Agreement.  8.6.3. Responsiveness:  The offer of Incentives by any Incentive Agreement shall expire ninety  (90) days from the date it is provided to the Applicant unless extended in writing by the  City.  The expiration of any offered Incentive Agreement shall not preclude continued  negotiations toward the development of an alternative Agreement.  8.6.4. Approvals:    Evaluation  and  any  subsequent  approval  shall  be  on a  case‐by‐case  basis  pursuant to the introductory paragraph of Section 1 herein.  All Incentive Agreements,  including  any  Tax  Abatement  Agreement,  shall  follow  and  comply with  all  statutory  requirements for notice, hearings and readings where applicable.  The following shall be  required for approval of Incentives.  A. Board Recommendation / Approval:  Where funds to be used for any Incentive herein  are subject to authorization of either the A or B Board, the Board shall consider the  request for Incentives and make a recommendation to the Council.  In instances where  the Council has previously approved the expenditures, either through approving the  Board’s budget or other means as allowed by the Act, the Board shall be the final  approval of the Incentive request.  B. Council:  Unless final approval is authorized by the Board as noted above, the Council  shall  make  the  final  decision  regarding  the  merits  of  the  Application and the  appropriate Incentives to be provided, if any.  8.6.5. Compliance Reporting:  All Incentive Agreements shall include requirements for reporting  compliance with the provisions of the Agreement prior to disbursement of incentive funds.    Section 9.  Applicant / Owner Certifications  The following Applicant / Owner Certifications shall be included in the submitted Application.  9.1. Application Accuracy:  The information provided in this Application, and all that may have been  affixed hereto, is true and correct, and that the City may rely on all of the information contained  herein, and all that may have been affixed hereto, as being true and correct.  9.2. Incentive Agreement: I (we) acknowledge that an Incentive Agreement will have to be executed  prior to receiving any Incentives.  9.3. Discretionary Rights:  I (we) acknowledge that the City has the absolute right of discretion in  deciding whether or not to approve any Incentive relative to this Application, whether or not such  discretion is deemed arbitrary or without basis in fact.    Section 10.  General Provisions  10.1. Flexibility:    The  terms  and  conditions  of  this  Policy  are  to  be  considered  guidelines  during  deliberation and evaluation.  The City reserves the right to modify the terms and conditions herein  at any time, including for any pending application, and may approve a Tax Abatement Agreement  or Incentive Agreement and the Incentives related thereto, on terms and conditions contrary to the  guidelines of this Policy.  Page 22 Sanger, Texas     ‐     Incentives Policy     ‐     2021‐06‐17     ‐     Page 13 of 13  10.2. Section or Other Headings:  Section or other headings contained in this Policy are for reference  purposes only and shall not affect in any way the meaning or interpretation of this Policy.  10.3. Severability:  In the event that any provision of this Policy is illegal, invalid, or unenforceable under  present or future laws, the remainder of this Policy shall not be affected thereby.  ‐‐‐ Remainder of this page left blank intentionally ‐‐‐  Page 23 Sanger, Texas     ‐     Incentives Application     ‐     2021‐06‐17     ‐     Page 1 of 3    Shani Bradshaw Executive Director  (940) 458‐2059  sbradshaw@sangertexas.org  Sanger, Texas  Incentives Application    1 GENERAL INFORMATION  a Project Name:    b Intended Use (e.g. Call center, corporate / regional office, professional office, retail, distribution):      c If project is a relocation or consolidation of existing facilities, identify the location of the existing  facilities:    d Company Overview:    e NAICS Code:    (See this link for help) http://www.census.gov/cgi‐bin/sssd/naics/naicsrch?chart=2012  f Project Team Experience & Qualifications:    g General comments from Applicant (if desired):     Yes  No  Type of Project  Notes  h     Retention of existing business  Years in business at this location?  i   Expansion or modernization of  existing facility     j     New business / to own new facility    k     New business / to own existing facility    l     New business / leasing existing facility    m     New business / leasing new facility    n   Development    o   Other:     2 PROPERTY INFORMATION  a Property Address:    b Lot / Block / Subdivision Name:    c Appraisal District Property ID Numbers:   d Current Appraisal District Valuations of all Parcels:   e Acres:    f Currently owned by:    3 ELIGIBILITY OF PROPERTY [Section 3.A]   Yes  No  Item  Notes  a      Within the City?    b      Zoned appropriately for use?    c      City taxes in good standing?    d     No City liens existing?    e     Proof of ownership provided?    f     Outstanding code violations?    g      Construction has not commenced?    4 ELIGIBILITY OF BUSINESS [Section 3.B]   Yes  No  Item  Notes  a      Business taxes in good standing?    b      Tax paying entity?    c      If not owner, authorization provided?    d      If existing business, in City 6 months?       Page 24 Sanger, Texas     ‐     Incentives Application     ‐     2021‐06‐17     ‐     Page 2 of 3    5 PRIORITIES [Section 4.0]   Yes  No  Preferred Area?  Notes  a          b          c           Yes  No  Preferred Business?  Notes  d          e          f          g          h          6 PROJECT DATA [Section 8.B]  a Business Name:    b Describe the type of building proposed (e.g. # of stories, style, materials, etc.):    c Describe the development concept (e.g. single building or campus setting, open space, surface or  structured parking, etc.):    d Describe the extent that any infrastructure component of the Town is enhanced or expanded:    e  Month / Year Timing  Notes  f    First development application  (zoning, site plan, etc.)  g    Desired approval date    h    Ground breaking    i   Phase 1 occupancy    j   Phase 2 occupancy    k   Phase 3 occupancy     Estimated Data by Phase and Date Phase 1  Month / Year  Phase 2  Month / Year  Phase 3  Month / Year  l Building(s) construction in square feet        m Construction cost all Improvements        n Estimated appraised value of all Improvements        o Acquisition cost of all business personal property        p Estimated appraised value of BPP        q New full‐time equivalent (FTE) employees        r New payroll added        s Average employees annual salary        t Employees w salary $50,000 or greater        u  Benefits provided        v Taxable sales from the Facility        w Hotel occupancy tax generated        x Add notes about any item above:   6.n  e.g. Note here      7 Policy  Section  INCENTIVE(S) REQUESTED  In priority order  Estimated  Full Cost  Requested  % Term‐Yrs Amount  a  5.?    $      $  b 5.  $   $  c 5.  $   $  d 5.  $   $  e 5.  $   $  f 5.  $   $   Add justification and / or notes about any item above:   7.a  e.g. Note here  Page 25 Sanger, Texas     ‐     Incentives Application     ‐     2021‐06‐17     ‐     Page 3 of 3            8 ATTACHMENTS / EXHIBITS   Yes  No  Item  Notes  a      Legal description of property    b      Proof of ownership    c      Photos of existing conditions    d      Drawing, renderings, plans of the  proposed Improvements   If not included in development application  e      Copy of the signed lease agreement  If Applicant is not property owner  f      Current AV tax appraised value  estimates for 3 similar projects     9 Applicant / Owner Certifications:  In accordance with Resolution # __‐____ adopting the Incentives Policy,  the undersigned do hereby certify the following:  a  Application Accuracy:  The information provided in this Application, and all that may have been affixed  hereto, is true and correct, and that the City may rely on all of the information herein contained, and all  that may have been affixed hereto, as being true and correct.  b Performance Agreement:  I (we) acknowledge that a Performance Agreement (PA) will have to be  executed prior to receiving any Incentives.    c Discretionary Rights:  I (we) acknowledge that the City has the absolute right of discretion in deciding  whether or not to approve an incentive relative to this application, whether or not such discretion is  deemed arbitrary or without basis in fact.  10 I (we) hereby affirm the Certifications noted above and approve this Incentives Application and the  incentive requests identified herein.  Property Owner  Applicant / Primary Incentives Contact  Company:     Company:   Signed:       Signed:   Name:     Name:   Title:     Title:   W:   C:    W:   C:   EM:     EM:   Address:       Address:                                  Page 26 4A ECONOMIC DEVELOPMENT BOARD AGENDA MEMO AGENDA ITEM NO. 6. AGENDA MEETING DATE: January 4, 2022 TO: Shani Bradshaw, 4B FROM: Shani Bradshaw, Director of Economic Development ITEM/CAPTION: SANGER INDUSTRIAL DEVELOPMENT CORPORATION 2020 ACTION PLAN Review and consider the Sanger Industrial Development Corporation 2020 Action Plan progress report.  AGENDA TYPE: Regular ACTION REQUESTED:   BACKGROUND: Discuss objectives outlined in the Action Plan. 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 2020 Action Plan Progress Report 12/22/2021 Cover Memo Page 27 2020-08-04 Rank Objective When Resp.%Notes 1 Develop a Marketing & Promotion Plan A Engage with Consultant B Determine date/time/schedule 2 Develop a Sites & Buildings Summary Will need to be updated periodically A Identify available sites and buildings 4/19/2019 SB 100%Drove area to identify sites B Research appraisal distric info and zoning 4/19/2019 SB 100%Reseachered DCAD and zoning map C Identify broker/rep/owner 5/1/2019 SB 100%Identified broker/owner information D Develop report formate 5/1/2019 SB 100%Work with consultant on format E Post to Website 6/1/2019 SB 100%Post to ED website 3 Develop a program to engage builders / brokers / developers A Create ouline of desired topis B Determine date/time/schedule C Hold debriefing 4 Adopt an Action Plan and implement objectives A Engage with Consultant 9/8/2020 SB/Board 100%Greg Last, EDP Best Practices B Present approved Action Plan to Council 10/19/2020 SB 100% C Implement standing agenda item 10/19/2020 SB 100%Staff 5 Develop a comprehensive CRM database A May need to engage with consultant 12/21/2021 SB Engage with consultant. Provided list of CRM databases to research B Evaluate purchase vs development Custom dbase in Access C Identify groups/data to document D develop document E Develop data entry & maintain. SOP 5 Identify and fund infrastructure that supports business growth A Identify desired location B Cost Estimates C Contract and construction 7 Implement a comprehensive BRE program A Create contenct for program 10/4/2021 SB 100%Program overview, goals, objectives B Implement Program 10/27/2021 SB 100% 7 Develop maps adequate to market location, local and regional assets A Contact for aerial provider 8/11/2021 SB 100%Dynamic Map Poster w/ Flyer View B Establish contents for Community Profile 10/27/2021 SB 40%In progress E Delivery 9 Utilize Consultant(s) to increase productivity A Identify projects to be done Incentive policy, Marketing & Promotional Plan, Local Regional Data Report, Dashboard, CRM Database, B Engage and pursure projects 9 Emphasize advantages with marketing and website Sanger Industrial Development Corporation Mission - Goals - Objectives (MGO) Progress Report The mission of the Sanger EDC is to retain, strengthen and diversify our local economy while capitalizing on our location in north central Texas. Sanger Industrial Development Corporation MGO Progress Report Page 1 of 7 Page 28 Rank Objective When Resp.%Notes A List of advantages to marketing 7/1/2021 SB 100% B List of advantages to website 7/1/2021 SB 100% 11 Implement a Local Business Report program A Develop LBR program overview 10/8/2021 SB 50%Part of BRE B Identify businesses to visit Develop visitation form 11 Adopt a comprehensive Incentives Policy Pending A Engage consultant 4/30/2021 Staff 100%Greg Last, EDP Best Practices B Identify existing issues/opportunities Staff/Board 50%Work with staff C Determine desired incentives Staff/Board 50%Work with staff D Adopt Policy and Application 50% E Post application on website 11 Develop a comprehensive and professional Website Pending A Collect up to 3 proposals 5/4/2021 SB 100%Budget 2021-2022 B CoServ grant request 10/18/2021 SB 100%Sent application to CoServ C CoServ Grant Approved 12/2/2021 SB 100%Rec'd email we've been approved for Grant D Kick off Website Design 12/22/2021 SB 10% E Sanger Industrial Development Corporation MGO Progress Report Page 2 of 7 Page 29 Rank Objective When Resp.%Notes 14 Establish Board Member roles and responsibilities A Establish Roles and Responsibilities 12/8/2020 SB 100%Create New Board Member Packet B Training, conferences and sub-committees(if needed) 12/8/2020 SB 100%Include training opportunities in Packet and offer to members when available - Ongoing 14 Take training to understand the responsibilities of other City Boards Planning & Zoning Process A Identify desired training content B Engage consultant Determine date/time and schedule 14 Develop orientation / on-boarding for new Board members A Develop outline of topics to cover B Develop PPT of topics Develop SOP for timing/presenters 14 Work with B Board to leverage resources to attract businesses A Joint meeting B Resources to attract businesses & development 14 Participate in Comprehensive Plan update to support business A Select Board member to be part of CP 8/11/2020 SB 100%Attend monthly CP meetings B Select Board member to be part of Branding 8/11/2020 SB 100%Attend Monthly Comp Plan meetings and Branding meetings 14 Contract for professional photography as needed for M&P A Quotes from professional 4/20/2021 SB 100%Received 2 Quotes B Establish date for photo session 5/6/2021 SB 100%Michael Duran Photography C Review Photos 5/20/2021 SB 100% 20 Develop a Performance Dashboard for reporting Excel document - will need to be updated periodically. A Develop tracking document 12/20/2021 SB 100%Excel B Evaluate Dashboard periodically SB 100%Ongoing 20 Identify training needed / desired by Board and Staff A Discuss desired/needed training 4/29/2021 SB/Board 100%Incentive Policy Training B Identify training providers 4/29/2021 SB/Board 100%Greg Last, EDP Best Practices C Schedule and take training 9/8/2021 SB/Board 100%In progress 20 Monitor activities / programs of competing cities for Best Practices A Identify cities to monitor B Assign a Board member to each one C Identify items to monitor Events, website, newsletter D Report at Board Meeting 20 Evaluate opportunities to acquire EDO properties A Identifiy & evaluate potential properties B 24 Identify additional funding sources to assist with projects / programs A Research grants Sanger Industrial Development Corporation MGO Progress Report Page 3 of 7 Page 30 Rank Objective When Resp.%Notes B List of grants availabe for projects/programs 24 Establish an Incentive Management Program A Identify outsanding incentives 1/26/2021 SB 100% B Develop Tracking report format 1/26/2021 SB 100%Excel Enter critical data/dates 1/26/2021 SB 100% Monitor performance deadlines 1/26/2021 SB 100%Calendar reminder / Finance Department 24 Attend the NTCAR broker-developer trade show in Dallas A Register 5/24/2021 SB 100%To be held on September 2 at Gilleys - Dallas B Prepare marketing collateral C Debrief from attendance Sanger Industrial Development Corporation MGO Progress Report Page 4 of 7 Page 31 Rank Objective When Resp.%Notes 24 Assist in funding acquisition and development of GIS mapping A Purchase GIS software NA SB 50%Received quotes for 2021/2022 Budget B Implement maps on EDC webpage 28 Take training to understand the City Comp Plan A Determine date/time and schedule 9/8/2021 Staff/Board /CC 100%Comp Plan overview was presented to the Boards, City Council, P&Z and Staff 28 Enhance communication with Citizens / stakeholders A Identify existing issues/challenges B Identify methods of enhancement 28 Engage the local Workforce Development Staff and Board A Create outline of topics B Determine date/time Hold meeting 28 Enhance relationships with County / Chamber A Create outline of desired topics SB 50%TBD B Determine date/time 7/9/2021 SB/Mayor/C M 100% Hold meeting Quarterly SB/Mayor/C M 100%Jan, April, July and October 28 Develop a Traffic Count Report A Engage consultant Dec-19 SB 100%Greg Last, EDP Best Practices B Determine locations Jan-20 SB 100%Identified locations to place markers Create document and post on website Jan-20 SB 100%Posted on ED Website 33 Establish a document to record projects and activities of the EDO A Development tracking document 1/1/2021 SB 100%Excel 33 Take training on Business Retention & Expansion A Provide training on local incentives BRE B Schedule and hold training 33 Director / Coord. to pursue CEcD certification A Courses completed 5/4/2017 SB 100%Graduated from the OU ED Program B Courses still needed Primer to the CEcdExam Process C Budget adequately D Schedule participation 33 Identify and engage allies and stakeholders A Identify allies and stakeholders B Schedule meetings 37 Take training on Local incentives A Identify desired training content 8/3/2021 SB 100% B Engage consultant 8/3/2021 SB 100% Determine date/time and schedule 9/8/2021 Staff/Board s/CC 100%Joing training session with boards, CC, and staff 37 Hold a joint meeting with City Council and STDC A B Sanger Industrial Development Corporation MGO Progress Report Page 5 of 7 Page 32 Rank Objective When Resp.%Notes 39 Board Members to attend TEDC Sales Tax Training when in DFW A Identify those who should attend B Identify dates offered for training C Schedule/budget Sanger Industrial Development Corporation MGO Progress Report Page 6 of 7 Page 33 Rank Objective When Resp.%Notes 39 Develop small (tri-fold) marketing pamphlet A Development content B design pamphlet Bid printing 39 Engage the N. Texas representative from the Governor’s Office of EDT A Create outline of desired topics B Determine date/time Hold meeting 39 Evaluate options for the SIDC building and pursue as appropriate A Identify opportunities 7/20/2021 SB/Board 50%TBD B 43 Provide an annual report to City Council A B 43 Partner with allies to establish workforce development programs A B 45 Better communicate EDO programs / successes A B 45 Engage the area rail service provider A Create ouline of desired topics B Determine meeting date 47 Adopt target reserve fund level to maintain A B 48 Engage the economic development staff at the Dallas Reg. Chamber A B Sanger Industrial Development Corporation MGO Progress Report Page 7 of 7 Page 34 4A ECONOMIC DEVELOPMENT BOARD AGENDA MEMO AGENDA ITEM NO. 7.A. AGENDA MEETING DATE: January 4, 2022 TO: Shani Bradshaw, 4B FROM: Shani Bradshaw, Director of Economic Development ITEM/CAPTION: FINANCIAL REPORTS AGENDA TYPE: Regular ACTION REQUESTED:   BACKGROUND: Staff will provide financial reports for November 2021. 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 Financial Report ­ November 30, 2021 12/22/2021 Cover Memo Balance Sheet ­ November 30, 2021 12/22/2021 Cover Memo Revenue Expense Report ­ November 30, 2021 12/22/2021 Cover Memo Page 35 4A ECONOMIC DEVELOPMENT BOARD AGENDA MEMOAGENDA ITEM NO. 7.A.AGENDA MEETING DATE: January 4, 2022TO: Shani Bradshaw, 4BFROM: Shani Bradshaw, Director of Economic DevelopmentITEM/CAPTION:FINANCIAL REPORTSAGENDA TYPE: RegularACTION REQUESTED:  BACKGROUND:Staff will provide financial reports for November 2021.LEGAL/BOARD COMMISSION RECOMMENDATIONS/CITIZEN NOTICE FEEDBACK:NAFINANCIAL SUMMARY ­ FUNDING/FISCAL IMPACT:NAFUNDS:NASTAFF RECOMMENDATION/ACTION DESIRED:NAATTACHMENTS:Description Upload Date TypeFinancial Report ­ November 30, 2021 12/22/2021 Cover Memo Balance Sheet ­ November 30, 2021 12/22/2021 Cover Memo Revenue Expense Report ­ November 30, 2021 12/22/2021 Cover Memo Monthly Sales Tax Report ­ November 30, 2021 12/22/2021 Cover Memo Page 36 Percent Budget Actual of Budget Revenue Sales Tax 600,000 #105,525 18% Interest Income 10,000 3,916 39% AEP Energy Partners Total Revenue 610,000 109,441 18% Expenditures Salaries & Benefits 56,700 9,264 16% Supplies & Materials 33,000 #901 3% Maintenance & Operations 5,601 201 4% Contract Services 38,175 - 0% Utilities Capital Outlay Debt Service Total Expenditures 133,476 10,366 8% Revenues Over Expenditures 476,524 99,075 Cash in Bank - First United 1,270,879 Cash in Bank - Prosperity 331,928 Money Market 479,778 Certificate of Deposit 95,771 Total Cash 2,178,357 November 30, 2021 Fund 4A Sanger Texas Industrial Development Corporation Page 37 12-22-2021 10:22 AM CITY OF SANGER PAGE: 1 BALANCE SHEET AS OF: NOVEMBER 30TH, 2021 41 -4A CORPORATION ACCOUNT # ACCOUNT DESCRIPTION BALANCE _____________________________________________________________________________________________ ASSETS ====== 41-00-1000 CLAIM ON CASH 1,270,879.20 41-00-1010 CKG-4A CASH (PROSP 90020693) 331,928.34 41-00-1012 MM-4A INV (PROSP 902551273) 479,777.77 41-00-1013 CD - #486639 95,771.28 41-00-1074 BUILDING & IMPROVEMENTS 1,080,797.00 41-00-1076 MACHINERY & EQUIPMENT 40,950.36 41-00-1079 ACCUMULATED DEPRECIATION ( 474,688.15) 41-00-1153 SALES TAX RECEIVABLE 50,303.46 2,875,719.26 TOTAL ASSETS 2,875,719.26 ============== LIABILITIES =========== 41-00-2000 ACCOUNTS PAYABLE CONTROL 1,160.01 41-00-2403 ACCRUED WAGES PAYABLE 2,897.29 TOTAL LIABILITIES 4,057.30 EQUITY ====== 41-00-3015 FUND BALANCE - RESTRICTED 2,772,586.95 TOTAL BEGINNING EQUITY 2,772,586.95 TOTAL REVENUE 109,441.44 TOTAL EXPENSES 10,366.43 TOTAL REVENUE OVER/(UNDER) EXPENSES 99,075.01 TOTAL EQUITY & REV. OVER/(UNDER) EXP. 2,871,661.96 TOTAL LIABILITIES, EQUITY & REV.OVER/(UNDER) EXP. 2,875,719.26 ============== Page 38 12-22-2021 10:22 AM CITY OF SANGER PAGE: 1 BALANCE SHEET AS OF: NOVEMBER 30TH, 2021 42 -4B CORPORATION ACCOUNT # ACCOUNT DESCRIPTION BALANCE _____________________________________________________________________________________________ ASSETS ====== 42-00-1000 CLAIM ON CASH 1,508,451.62 42-00-1010 CKG - 4B CASH (2379694) 198,292.71 42-00-1013 CD - 4B #653500 22,132.77 42-00-1014 CD - 4B #659924 21,888.90 42-00-1015 CD - 4B #664243 21,984.65 42-00-1016 CD - 4B #673277 21,937.94 42-00-1017 CD - 4B #686115 21,956.96 42-00-1018 CD - 4B #689521 21,877.41 42-00-1019 CD - 4B #694371 21,962.23 42-00-1020 CD - 4B #697230 22,088.29 42-00-1021 CD - 4B #699934 22,011.37 42-00-1022 CD - 4B #702285 21,822.46 42-00-1023 CD - 4B #706078 21,732.99 42-00-1024 CD - 4B #720097 21,415.05 42-00-1025 CD - 4B #720119 21,450.25 42-00-1153 SALES TAX RECEIVABLE 50,303.46 2,041,309.06 TOTAL ASSETS 2,041,309.06 ============== LIABILITIES =========== 42-00-2000 ACCOUNTS PAYABLE CONTROL 1,026.47 42-00-2900 ENCUMBRANCE ( 5,325.00) 42-00-2910 RESERVE FOR ENCUMBRANCE 5,325.00 TOTAL LIABILITIES 1,026.47 EQUITY ====== 42-00-3015 FUND BALANCE - RESTRICTED 1,938,423.35 TOTAL BEGINNING EQUITY 1,938,423.35 TOTAL REVENUE 110,692.71 TOTAL EXPENSES 8,833.47 TOTAL REVENUE OVER/(UNDER) EXPENSES 101,859.24 TOTAL EQUITY & REV. OVER/(UNDER) EXP. 2,040,282.59 TOTAL LIABILITIES, EQUITY & REV.OVER/(UNDER) EXP. 2,041,309.06 ============== Page 39 12-22-2021 10:23 AM CITY OF SANGER PAGE: 1 REVENUE & EXPENSE REPORT (UNAUDITED) AS OF: NOVEMBER 30TH, 2021 41 -4A CORPORATION FINANCIAL SUMMARY % OF YEAR COMPLETED: 16.67 CURRENT CURRENT YEAR TO DATE TOTAL BUDGET % YTD BUDGET PERIOD ACTUAL ENCUMBERED BALANCE BUDGET ____________________________________________________________________________________________________________________________ REVENUE SUMMARY TAXES 600,000 55,221.83 105,525.29 0.00 494,474.71 17.59 GRANTS 0 0.00 0.00 0.00 0.00 0.00 INTEREST 10,000 1,944.56 3,916.15 0.00 6,083.85 39.16 RENTAL INCOME 0 0.00 0.00 0.00 0.00 0.00 TRANSFERS 0 0.00 0.00 0.00 0.00 0.00 TOTAL REVENUES 610,000 57,166.39 109,441.44 0.00 500,558.56 17.94 EXPENDITURE SUMMARY 46-ECONOMIC DEVELOPMENT 133,476 5,325.05 10,366.43 0.00 123,109.57 7.77 74-TRANSFERS 0 0.00 0.00 0.00 0.00 0.00 ____________________________________________________________________________________________________________________________ TOTAL EXPENDITURES 133,476 5,325.05 10,366.43 0.00 123,109.57 7.77 REVENUE OVER/(UNDER) EXPENDITURES 476,524 51,841.34 99,075.01 0.00 377,448.99 20.79 Page 40 12-22-2021 10:23 AM CITY OF SANGER PAGE: 2 REVENUE & EXPENSE REPORT (UNAUDITED) AS OF: NOVEMBER 30TH, 2021 41 -4A CORPORATION FINANCIAL SUMMARY % OF YEAR COMPLETED: 16.67 CURRENT CURRENT YEAR TO DATE TOTAL BUDGET % YTD REVENUES BUDGET PERIOD ACTUAL ENCUMBERED BALANCE BUDGET ____________________________________________________________________________________________________________________________ TAXES 00-4325 STATE SALES TAX 600,000 55,221.83 105,525.29 0.00 494,474.71 17.59 TOTAL TAXES 600,000 55,221.83 105,525.29 0.00 494,474.71 17.59 GRANTS 00-4446 Grant Revenue 0 0.00 0.00 0.00 0.00 0.00 TOTAL GRANTS 0 0.00 0.00 0.00 0.00 0.00 INTEREST 00-4800 INTEREST INCOME 10,000 1,944.56 3,916.15 0.00 6,083.85 39.16 TOTAL INTEREST 10,000 1,944.56 3,916.15 0.00 6,083.85 39.16 RENTAL INCOME 00-4900 RENTAL INCOME 0 0.00 0.00 0.00 0.00 0.00 TOTAL RENTAL INCOME 0 0.00 0.00 0.00 0.00 0.00 TRANSFERS 00-4980 Transfer from Ent Fund 0 0.00 0.00 0.00 0.00 0.00 00-4986 Transfer from 4B 0 0.00 0.00 0.00 0.00 0.00 TOTAL TRANSFERS 0 0.00 0.00 0.00 0.00 0.00 ____________________________________________________________________________________________________________________________ TOTAL REVENUE 610,000 57,166.39 109,441.44 0.00 500,558.56 17.94 ============ ============== ============== ============== ============== ======= Page 41 12-22-2021 10:23 AM CITY OF SANGER PAGE: 3 REVENUE & EXPENSE REPORT (UNAUDITED) AS OF: NOVEMBER 30TH, 2021 41 -4A CORPORATION 46-ECONOMIC DEVELOPMENT % OF YEAR COMPLETED: 16.67 CURRENT CURRENT YEAR TO DATE TOTAL BUDGET % YTD DEPARTMENTAL EXPENDITURES BUDGET PERIOD ACTUAL ENCUMBERED BALANCE BUDGET ____________________________________________________________________________________________________________________________ 51-SALARIES AND BENEFITS 46-5110 REGULAR SALARIES 41,400 3,152.08 6,304.16 0.00 35,095.84 15.23 46-5117 VACATION COMPENSATION 0 0.00 0.00 0.00 0.00 0.00 46-5125 LONGEVITY PAY 100 0.00 0.00 0.00 100.00 0.00 46-5128 AUTO ALLOWANCE 3,000 500.00 1,000.00 0.00 2,000.00 33.33 46-5129 CELL PHONE ALLOWANCE 300 50.00 100.00 0.00 200.00 33.33 46-5130 FICA 3,450 264.69 529.38 0.00 2,920.62 15.34 46-5140 RETIREMENT 3,900 301.02 602.04 0.00 3,297.96 15.44 46-5150 HEALTH INSURANCE 4,200 354.11 708.22 0.00 3,491.78 16.86 46-5160 WORKER'S COMPENSATION 250 0.00 0.00 0.00 250.00 0.00 46-5170 T W C 100 0.00 20.50 0.00 79.50 20.50 46-5180 MEDICAL/PHYSICALS 0 0.00 0.00 0.00 0.00 0.00 46-5182 BACKGROUND CHECKS 0 0.00 0.00 0.00 0.00 0.00 TOTAL 51-SALARIES AND BENEFITS 56,700 4,621.90 9,264.30 0.00 47,435.70 16.34 52-SUPPLIES AND MATERIALS 46-5210 OFFICE SUPPLIES 500 24.91 24.91 0.00 475.09 4.98 46-5215 FOOD 200 0.00 0.00 0.00 200.00 0.00 46-5220 POSTAGE 50 0.00 0.00 0.00 50.00 0.00 46-5226 MARKETING & PROMOTION 25,000 488.99 488.99 0.00 24,511.01 1.96 46-5235 DUES & SUBSCRIPTIONS 2,000 137.50 387.49 0.00 1,612.51 19.37 46-5240 CONFERENCES AND TRAINING 5,000 0.00 0.00 0.00 5,000.00 0.00 46-5280 COMPUTER SUPPLIES 250 0.00 0.00 0.00 250.00 0.00 46-5285 FURNITURE AND FIXTURES 0 0.00 0.00 0.00 0.00 0.00 TOTAL 52-SUPPLIES AND MATERIALS 33,000 651.40 901.39 0.00 32,098.61 2.73 53-MAINTENANCE AND OPERAT 46-5310 R & M BUILDING 5,000 0.00 0.00 0.00 5,000.00 0.00 46-5332 OFFICE MACHINE LEASE 601 51.75 200.74 0.00 400.26 33.40 TOTAL 53-MAINTENANCE AND OPERAT 5,601 51.75 200.74 0.00 5,400.26 3.58 54-CONTRACT SERVICES 46-5425 LEGAL EXPENSE 1,000 0.00 0.00 0.00 1,000.00 0.00 46-5430 PROFESSIONAL SERVICE 20,000 0.00 0.00 0.00 20,000.00 0.00 46-5450 TECHNICAL SUPPORT 1,000 0.00 0.00 0.00 1,000.00 0.00 46-5451 ANNUAL SOFTWARE SUPPORT 3,375 0.00 0.00 0.00 3,375.00 0.00 46-5452 WEBSITE 12,800 0.00 0.00 0.00 12,800.00 0.00 46-5455 COMPREHENSIVE PLAN UPDATE 0 0.00 0.00 0.00 0.00 0.00 TOTAL 54-CONTRACT SERVICES 38,175 0.00 0.00 0.00 38,175.00 0.00 Page 42 12-22-2021 10:23 AM CITY OF SANGER PAGE: 4 REVENUE & EXPENSE REPORT (UNAUDITED) AS OF: NOVEMBER 30TH, 2021 41 -4A CORPORATION 46-ECONOMIC DEVELOPMENT % OF YEAR COMPLETED: 16.67 CURRENT CURRENT YEAR TO DATE TOTAL BUDGET % YTD DEPARTMENTAL EXPENDITURES BUDGET PERIOD ACTUAL ENCUMBERED BALANCE BUDGET ____________________________________________________________________________________________________________________________ 55-UTILITIES 46-5515 ELECTRIC 0 0.00 0.00 0.00 0.00 0.00 46-5516 GAS SERVICE 0 0.00 0.00 0.00 0.00 0.00 TOTAL 55-UTILITIES 0 0.00 0.00 0.00 0.00 0.00 56-GRANT EXPENSES 46-5610 Grant Expense 0 0.00 0.00 0.00 0.00 0.00 TOTAL 56-GRANT EXPENSES 0 0.00 0.00 0.00 0.00 0.00 60-CAPITAL OUTLAY < $5K 46-6025 COMPUTER HARDWARE 0 0.00 0.00 0.00 0.00 0.00 46-6026 COMPUTER SOFTWARE 0 0.00 0.00 0.00 0.00 0.00 46-6040 OFFICE FURNITURE 0 0.00 0.00 0.00 0.00 0.00 TOTAL 60-CAPITAL OUTLAY < $5K 0 0.00 0.00 0.00 0.00 0.00 61-CAPITAL OUTLAY 46-6120 BUILDING IMPROVEMENTS 0 0.00 0.00 0.00 0.00 0.00 TOTAL 61-CAPITAL OUTLAY 0 0.00 0.00 0.00 0.00 0.00 71-DEPRECIATION 46-7100 DEPRECIATION EXPENSE 0 0.00 0.00 0.00 0.00 0.00 TOTAL 71-DEPRECIATION 0 0.00 0.00 0.00 0.00 0.00 70-DEBT PAYMENTS 46-7007 NOTE PAYMENTS - WAREHOUSE 0 0.00 0.00 0.00 0.00 0.00 46-7099 INTEREST EXPENSE 0 0.00 0.00 0.00 0.00 0.00 TOTAL 70-DEBT PAYMENTS 0 0.00 0.00 0.00 0.00 0.00 ____________________________________________________________________________________________________________________________ TOTAL 46-ECONOMIC DEVELOPMENT 133,476 5,325.05 10,366.43 0.00 123,109.57 7.77 Page 43 12-22-2021 10:23 AM CITY OF SANGER PAGE: 5 REVENUE & EXPENSE REPORT (UNAUDITED) AS OF: NOVEMBER 30TH, 2021 41 -4A CORPORATION 74-TRANSFERS % OF YEAR COMPLETED: 16.67 CURRENT CURRENT YEAR TO DATE TOTAL BUDGET % YTD DEPARTMENTAL EXPENDITURES BUDGET PERIOD ACTUAL ENCUMBERED BALANCE BUDGET ____________________________________________________________________________________________________________________________ 74-TRANSFERS 74-7401 TRANSFER TO GF 0 0.00 0.00 0.00 0.00 0.00 74-7404 TRANSFERS TO CIP 0 0.00 0.00 0.00 0.00 0.00 74-7408 Transfer to Enterprise Fund 0 0.00 0.00 0.00 0.00 0.00 74-7484 TRANSFER TO ENT CIP 0 0.00 0.00 0.00 0.00 0.00 74-7499 TRANSFER TO I S F 0 0.00 0.00 0.00 0.00 0.00 TOTAL 74-TRANSFERS 0 0.00 0.00 0.00 0.00 0.00 ____________________________________________________________________________________________________________________________ TOTAL 74-TRANSFERS 0 0.00 0.00 0.00 0.00 0.00 TOTAL EXPENDITURES 133,476 5,325.05 10,366.43 0.00 123,109.57 7.77 ============ ============== ============== ============== ============== ======= REVENUE OVER/(UNDER) EXPENDITURES 476,524 51,841.34 99,075.01 0.00 377,448.99 20.79 Page 44 12-22-2021 10:23 AM CITY OF SANGER PAGE: 1 REVENUE & EXPENSE REPORT (UNAUDITED) AS OF: NOVEMBER 30TH, 2021 42 -4B CORPORATION FINANCIAL SUMMARY % OF YEAR COMPLETED: 16.67 CURRENT CURRENT YEAR TO DATE TOTAL BUDGET % YTD BUDGET PERIOD ACTUAL ENCUMBERED BALANCE BUDGET ____________________________________________________________________________________________________________________________ REVENUE SUMMARY TAXES 600,000 55,221.83 105,525.29 0.00 494,474.71 17.59 INTEREST 10,000 2,563.13 5,167.42 0.00 4,832.58 51.67 TOTAL REVENUES 610,000 57,784.96 110,692.71 0.00 499,307.29 18.15 EXPENDITURE SUMMARY 74-TRANSFERS 212,500 0.00 0.00 0.00 212,500.00 0.00 76-4B FUND 352,875 4,583.39 8,833.47 5,000.00 339,041.53 3.92 ____________________________________________________________________________________________________________________________ TOTAL EXPENDITURES 565,375 4,583.39 8,833.47 5,000.00 551,541.53 2.45 REVENUE OVER/(UNDER) EXPENDITURES 44,625 53,201.57 101,859.24 ( 5,000.00)( 52,234.24) 217.05 Page 45 12-22-2021 10:23 AM CITY OF SANGER PAGE: 2 REVENUE & EXPENSE REPORT (UNAUDITED) AS OF: NOVEMBER 30TH, 2021 42 -4B CORPORATION FINANCIAL SUMMARY % OF YEAR COMPLETED: 16.67 CURRENT CURRENT YEAR TO DATE TOTAL BUDGET % YTD REVENUES BUDGET PERIOD ACTUAL ENCUMBERED BALANCE BUDGET ____________________________________________________________________________________________________________________________ TAXES 00-4325 STATE SALES TAX 600,000 55,221.83 105,525.29 0.00 494,474.71 17.59 TOTAL TAXES 600,000 55,221.83 105,525.29 0.00 494,474.71 17.59 INTEREST 00-4800 INTEREST INCOME 10,000 2,563.13 5,167.42 0.00 4,832.58 51.67 TOTAL INTEREST 10,000 2,563.13 5,167.42 0.00 4,832.58 51.67 ____________________________________________________________________________________________________________________________ TOTAL REVENUE 610,000 57,784.96 110,692.71 0.00 499,307.29 18.15 ============ ============== ============== ============== ============== ======= Page 46 12-22-2021 10:23 AM CITY OF SANGER PAGE: 3 REVENUE & EXPENSE REPORT (UNAUDITED) AS OF: NOVEMBER 30TH, 2021 42 -4B CORPORATION 74-TRANSFERS % OF YEAR COMPLETED: 16.67 CURRENT CURRENT YEAR TO DATE TOTAL BUDGET % YTD DEPARTMENTAL EXPENDITURES BUDGET PERIOD ACTUAL ENCUMBERED BALANCE BUDGET ____________________________________________________________________________________________________________________________ 74-TRANSFERS 74-7401 TRANSFER TO GF 0 0.00 0.00 0.00 0.00 0.00 74-7403 TRANSFER TO DSF 212,500 0.00 0.00 0.00 212,500.00 0.00 74-7404 Transfer to CIP Fund 0 0.00 0.00 0.00 0.00 0.00 74-7441 TRANSFER TO 4A (ADMIN) 0 0.00 0.00 0.00 0.00 0.00 TOTAL 74-TRANSFERS 212,500 0.00 0.00 0.00 212,500.00 0.00 ____________________________________________________________________________________________________________________________ TOTAL 74-TRANSFERS 212,500 0.00 0.00 0.00 212,500.00 0.00 Page 47 12-22-2021 10:23 AM CITY OF SANGER PAGE: 4 REVENUE & EXPENSE REPORT (UNAUDITED) AS OF: NOVEMBER 30TH, 2021 42 -4B CORPORATION 76-4B FUND % OF YEAR COMPLETED: 16.67 CURRENT CURRENT YEAR TO DATE TOTAL BUDGET % YTD DEPARTMENTAL EXPENDITURES BUDGET PERIOD ACTUAL ENCUMBERED BALANCE BUDGET ____________________________________________________________________________________________________________________________ 51-SALARIES AND BENEFITS 76-5110 REGULAR SALARIES 41,400 3,152.10 6,304.20 0.00 35,095.80 15.23 76-5117 VACATION COMPENSATION 0 0.00 0.00 0.00 0.00 0.00 76-5125 LONGEVITY PAY 100 0.00 0.00 0.00 100.00 0.00 76-5128 AUTO ALLOWANCE 3,000 0.00 0.00 0.00 3,000.00 0.00 76-5129 CELL PHONE ALLOWANCE 300 0.00 0.00 0.00 300.00 0.00 76-5130 FICA 3,450 260.54 521.08 0.00 2,928.92 15.10 76-5140 RETIREMENT 3,900 296.31 592.62 0.00 3,307.38 15.20 76-5150 HEALTH INSURANCE 4,200 348.63 697.26 0.00 3,502.74 16.60 76-5160 WORKER'S COMPENSATION 250 0.00 0.00 0.00 250.00 0.00 76-5170 T W C 100 0.00 0.00 0.00 100.00 0.00 TOTAL 51-SALARIES AND BENEFITS 56,700 4,057.58 8,115.16 0.00 48,584.84 14.31 52-SUPPLIES AND MATERIALS 76-5210 OFFICE SUPPLIES 500 49.81 49.81 0.00 450.19 9.96 76-5215 FOOD 200 0.00 0.00 0.00 200.00 0.00 76-5220 POSTAGE 50 0.00 0.00 0.00 50.00 0.00 76-5226 MARKETING & PROMOTION 15,000 476.00 476.00 0.00 14,524.00 3.17 76-5235 DUES & SUBSCRIPTIONS 600 0.00 0.00 0.00 600.00 0.00 76-5240 CONFERENCES & TRAINING 800 0.00 192.50 0.00 607.50 24.06 76-5280 COMPUTER SUPPLIES 250 0.00 0.00 0.00 250.00 0.00 TOTAL 52-SUPPLIES AND MATERIALS 17,400 525.81 718.31 0.00 16,681.69 4.13 53-MAINTENANCE AND OPERAT 76-5332 OFFICE MACHINE LEASE 600 0.00 0.00 0.00 600.00 0.00 TOTAL 53-MAINTENANCE AND OPERAT 600 0.00 0.00 0.00 600.00 0.00 54-CONTRACT SERVICES 76-5420 CONTRACTUAL SERVICES 0 0.00 0.00 0.00 0.00 0.00 76-5425 LEGAL EXPENSE 1,000 0.00 0.00 0.00 1,000.00 0.00 76-5430 PROFESSIONAL SERVICE 10,000 0.00 0.00 0.00 10,000.00 0.00 76-5450 TECHNICAL SUPPORT 1,000 0.00 0.00 0.00 1,000.00 0.00 76-5451 ANNUAL SOFTWARE SUPPORT 3,375 0.00 0.00 0.00 3,375.00 0.00 76-5452 WEBSITE 12,800 0.00 0.00 0.00 12,800.00 0.00 76-5455 COMPREHENSIVE PLAN UPDATE 0 0.00 0.00 0.00 0.00 0.00 76-5499 OTHER EXPENSE 0 0.00 0.00 0.00 0.00 0.00 TOTAL 54-CONTRACT SERVICES 28,175 0.00 0.00 0.00 28,175.00 0.00 56-GRANT EXPENSES 76-5601 PROMO/COMMUNITY EVENT GRANTS 25,000 0.00 0.00 0.00 25,000.00 0.00 76-5602 BUSINESS RELIEF PROGRAM 0 0.00 0.00 0.00 0.00 0.00 76-5603 PROPERTY ENHANCEMENTS INCENTIV 25,000 0.00 0.00 5,000.00 20,000.00 20.00 TOTAL 56-GRANT EXPENSES 50,000 0.00 0.00 5,000.00 45,000.00 10.00 Page 48 12-22-2021 10:23 AM CITY OF SANGER PAGE: 5 REVENUE & EXPENSE REPORT (UNAUDITED) AS OF: NOVEMBER 30TH, 2021 42 -4B CORPORATION 76-4B FUND % OF YEAR COMPLETED: 16.67 CURRENT CURRENT YEAR TO DATE TOTAL BUDGET % YTD DEPARTMENTAL EXPENDITURES BUDGET PERIOD ACTUAL ENCUMBERED BALANCE BUDGET ____________________________________________________________________________________________________________________________ 61-CAPITAL OUTLAY 76-6111 LAND PURCHASE - SPORTS COMPLEX 0 0.00 0.00 0.00 0.00 0.00 76-6112 LAND PURCHASE - MILAR 0 0.00 0.00 0.00 0.00 0.00 76-6113 HIKE AND BIKE TRAIL 0 0.00 0.00 0.00 0.00 0.00 76-6114 CONSTRUCTION HIKE & BIKE TRAIL 0 0.00 0.00 0.00 0.00 0.00 76-6115 SPECIAL PROJECTS 0 0.00 0.00 0.00 0.00 0.00 76-6116 PORTER PARK UPDATES 200,000 0.00 0.00 0.00 200,000.00 0.00 TOTAL 61-CAPITAL OUTLAY 200,000 0.00 0.00 0.00 200,000.00 0.00 65-CAPITAL PROJECTS 76-6500 PROJECT - STREETSCAPE 0 0.00 0.00 0.00 0.00 0.00 TOTAL 65-CAPITAL PROJECTS 0 0.00 0.00 0.00 0.00 0.00 70-DEBT PAYMENTS 76-7080 BOND FEES 0 0.00 0.00 0.00 0.00 0.00 TOTAL 70-DEBT PAYMENTS 0 0.00 0.00 0.00 0.00 0.00 74-TRANSFERS 76-7401 TRANFERS TO GENERAL FUND 0 0.00 0.00 0.00 0.00 0.00 76-7402 TRANSFERS TO DSF 0 0.00 0.00 0.00 0.00 0.00 76-7404 TRANSFERS TO CIP 0 0.00 0.00 0.00 0.00 0.00 TOTAL 74-TRANSFERS 0 0.00 0.00 0.00 0.00 0.00 ____________________________________________________________________________________________________________________________ TOTAL 76-4B FUND 352,875 4,583.39 8,833.47 5,000.00 339,041.53 3.92 TOTAL EXPENDITURES 565,375 4,583.39 8,833.47 5,000.00 551,541.53 2.45 ============ ============== ============== ============== ============== ======= REVENUE OVER/(UNDER) EXPENDITURES 44,625 53,201.57 101,859.24 ( 5,000.00)( 52,234.24) 217.05 Page 49 Month Total 2015-2016 Total 2016-2017 Total 2017-2018 Total 2018-2019 Total 2019-2020 Total 2020-2021 Total 2021-2022 Total OCT 26,843 29,528 29,528 33,532 33,532 36,117 36,117 35,425 35,425 41,961 41,961 52,602 52,602 50,303 50,303 NOV 58,740 36,744 66,272 36,725 70,257 38,951 75,068 36,853 72,278 42,075 84,036 50,054 102,656 55,222 105,525 DEC 87,526 30,055 96,327 37,133 107,390 32,669 107,737 36,420 108,698 44,092 128,128 52,405 155,061 JAN 129,336 28,916 125,243 32,386 139,776 34,264 142,001 33,403 142,102 27,585 155,713 44,941 200,002 FEB 168,245 35,203 160,446 42,385 182,161 48,966 190,967 36,966 179,068 70,059 225,772 62,144 262,146 MAR 198,086 30,091 190,537 34,273 216,434 32,712 223,679 32,428 211,496 40,966 266,738 49,700 311,846 APR 227,415 31,321 221,858 29,088 245,522 28,440 252,119 32,984 244,481 35,736 302,474 48,180 360,026 MAY 261,056 34,401 256,259 42,345 287,867 39,427 291,546 43,134 287,615 41,692 344,166 63,691 423,717 JUN 290,086 32,746 289,005 30,853 318,720 31,811 323,357 36,456 324,071 50,482 394,647 47,099 470,816 JUL 317,886 32,803 321,808 35,710 354,430 34,802 358,159 36,977 361,048 49,189 443,837 50,290 521,106 AUG 353,373 37,628 359,436 42,725 397,155 39,661 397,820 42,598 403,646 47,386 491,222 62,523 583,629 SEP 386,739 31,646 391,082 38,361 435,516 38,280 436,100 38,860 442,506 42,073 553,295 52,474 636,104 TOTAL 386,739 391,082 391,082 435,516 435,516 436,100 436,100 442,506 442,506 533,295 533,295 636,104 636,104 105,525 BUDGET 66,739 362,500 28,582 362,500 73,016 385,000 51,100 385,000 57,506 385,000 148,295 462,500 173,604 600,000 (600,000) Actual Actual %Actual Actual % 2020-2021 2021-2022 Change 2020-2021 2021-2022 Change 50,054 55,222 10%102,656 105,525 3% Year to Date 4A & 4B SALES TAX REVENUE REPORT November 391,082 435,516 436,100 442,506 533,295 636,104 0 100,000 200,000 300,000 400,000 500,000 600,000 700,000 2015-2016 2016-2017 2017-2018 2018-2019 2019-2020 2020-2021 TOTAl REVENUE 2015-2021 Page 50 4A ECONOMIC DEVELOPMENT BOARD AGENDA MEMO AGENDA ITEM NO. 7.B. AGENDA MEETING DATE: January 4, 2022 TO: Shani Bradshaw, 4B FROM: Shani Bradshaw, Director of Economic Development ITEM/CAPTION: DIRECTOR'S REPORT AGENDA TYPE: Regular ACTION REQUESTED:   BACKGROUND: Staff will provide an update on Economic Development Activity. LEGAL/BOARD COMMISSION RECOMMENDATIONS/CITIZEN NOTICE FEEDBACK: NA FINANCIAL SUMMARY ­ FUNDING/FISCAL IMPACT: NA FUNDS: NA STAFF RECOMMENDATION/ACTION DESIRED: NA Page 51