10/05/2021-4A-Agenda Packet-RegularAGENDA
4A ECONOMIC DEVELOPMENT BOARD
TUESDAY, OCTOBER 5, 2021
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.APPROVAL OF MINUTES FROM 08192021
4.Consider Any Items Removed from Consent Agenda.
REGULAR AGENDA
5.TAX INCENTIVE POLICY
Discuss and consider the Sanger Texas Incentives Policy.
6.SANGER INDUSTRIAL DEVELOPMENT CORPORATION 2020 ACTION PLAN
Discuss and Consider Action Plan Objectives.
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.
I, the undersigned authority, do hereby certify that this Notice of Meeting was posted on the City
Page 1
AGENDA4A ECONOMIC DEVELOPMENT BOARDTUESDAY, OCTOBER 5, 20211:00 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.APPROVAL OF MINUTES FROM 081920214.Consider Any Items Removed from Consent Agenda.REGULAR AGENDA5.TAX INCENTIVE POLICYDiscuss and consider the Sanger Texas Incentives Policy.6.SANGER INDUSTRIAL DEVELOPMENT CORPORATION 2020 ACTION PLANDiscuss and Consider Action Plan Objectives. 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.
October 1, 2021 at 8:30 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.
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4A ECONOMIC DEVELOPMENT BOARD AGENDA MEMO
AGENDA ITEM NO. A.1.
AGENDA MEETING DATE: October 5, 2021
TO: Shani Bradshaw, 4B
FROM: Shani Bradshaw, Director of Economic Development
ITEM/CAPTION:
APPROVAL OF MINUTES FROM 08192021
AGENDA TYPE: Consent Agenda
ACTION REQUESTED: Approval
BACKGROUND:
LEGAL/BOARD COMMISSION RECOMMENDATIONS/CITIZEN NOTICE FEEDBACK:
NA
FINANCIAL SUMMARY FUNDING/FISCAL IMPACT:
NA
FUNDS:
NA
STAFF RECOMMENDATION/ACTION DESIRED:
Approve minutes.
ATTACHMENTS:
Description Upload Date Type
Minutes August 19, 2021 9/29/2021 Cover Memo
Page 3
MINUTES
4A ECONOMIC DEVELOPMENT BOARD
THURSDAY, AUGUST 19, 2021
1:00 PM
201 BOLIVAR ST
SANGER, TEXAS
BOARD MEMBERS PRESENT:
Shannon Gann, Drew Hall, Nancy McAlister, Chris Kundrock, Sue Allison
BOARD MEMBERS ABSENT:
STAFF MEMBERS PRESENT:
Director of Economic Development Shani Bradshaw, Stefani Dodson, Director of Public Works Jim
Bolz
1.Call Meeting to Order, Establish a Quorum (Roll Call), Invocation.
Sue Allison calls the meeting to order at 1:01 p.m.
2.CITIZEN INPUT:
No Citizens came forward to speak.
REGULAR AGENDA
3.Wastewater Improvements To Areas Along The East Side Of FM 455
Consider, discuss and possibly act on approving financing for wastewater improvements to areas
along the east side of FM 455 to promote, develop or expand business enterprises.
Director of Economic Development Shani Bradshaw gives a brief update. She explains the the
Director of Public Works Jim Bolz is here to explain what is needed.
Director of Public Works Jim Bolz gives a break down of the waste water pipe. He explains to the
board that there is a need for a new pipe on the property between 8th and 10th street. He states it
will be helpful for current and future commercial development in the area. He explains that is would
cost around $30,000.
There is a discussion between the board members.
Drew Hall makes a motion to approve. Nancy seconded the motion. Motion passes unanimously
with a 50 vote.
Page 1Page 4
MINUTES4A ECONOMIC DEVELOPMENT BOARDTHURSDAY, AUGUST 19, 20211:00 PM201 BOLIVAR STSANGER, TEXASBOARD MEMBERS PRESENT:Shannon Gann, Drew Hall, Nancy McAlister, Chris Kundrock, Sue AllisonBOARD MEMBERS ABSENT:STAFF MEMBERS PRESENT:Director of Economic Development Shani Bradshaw, Stefani Dodson, Director of Public Works JimBolz1.Call Meeting to Order, Establish a Quorum (Roll Call), Invocation.Sue Allison calls the meeting to order at 1:01 p.m.2.CITIZEN INPUT:No Citizens came forward to speak.REGULAR AGENDA3.Wastewater Improvements To Areas Along The East Side Of FM 455Consider, discuss and possibly act on approving financing for wastewater improvements to areasalong the east side of FM 455 to promote, develop or expand business enterprises. Director of Economic Development Shani Bradshaw gives a brief update. She explains the theDirector of Public Works Jim Bolz is here to explain what is needed.Director of Public Works Jim Bolz gives a break down of the waste water pipe. He explains to theboard that there is a need for a new pipe on the property between 8th and 10th street. He states itwill be helpful for current and future commercial development in the area. He explains that is wouldcost around $30,000.There is a discussion between the board members.
4.
5.
6.
7.
Drew Hall makes a motion to approve. Nancy seconded the motion. Motion passes unanimously
with a 50 vote.
Fiscal Year 20202021 Budget Amendment
Discuss, consider and act on amending the FY 20202021 budget in the amount of $30,000
for
water improvements to areas along the east side of FM 455 to promote, develop or
expand business enterprises.
Director of Economic Development Shani Bradshaw explains this is to amend the current budget to
be able to pay for the wastewater improvements.
Sue Allison makes a motion to amend the budget for the fiscal year of 202021 in the amount of
$30,000 for wastewater improvements to areas along the south side of FM 455 between 8th and
10th street, to promote, develop, or expand business enterprises.
Chris Kundrock seconded the motion. Motion passes unanimously with a 50 vote.
INFORMATION ITEMS:
No items were discussed.
FUTURE AGENDA ITEMS:
No items were discussed.
ADJOURN.
As there were not other items on the agenda Sue Allison adjourns the meeting at 1:33 p.m..
Page 2Page 5
4A ECONOMIC DEVELOPMENT BOARD AGENDA MEMO
AGENDA ITEM NO. 5.
AGENDA MEETING DATE: October 5, 2021
TO: Shani Bradshaw, 4B
FROM: Shani Bradshaw, Director of Economic Development
ITEM/CAPTION:
TAX INCENTIVE POLICY
Discuss and consider the Sanger Texas Incentives Policy.
AGENDA TYPE: Work Session
ACTION REQUESTED:
BACKGROUND:
Staff and consultant Greg Last with EDP Best Practices, LLC have created a draft of the new Incentives Policy and
application. Staff is asking the board to review the policy and application and provide feedback.
LEGAL/BOARD COMMISSION RECOMMENDATIONS/CITIZEN NOTICE FEEDBACK:
Legal has reviewed the Incentives Policy and application.
FINANCIAL SUMMARY FUNDING/FISCAL IMPACT:
Na
FUNDS:
NA
STAFF RECOMMENDATION/ACTION DESIRED:
NA
ATTACHMENTS:
Description Upload Date Type
Incentive Policy and Application 9/29/2021 Cover Memo
Page 6
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 7
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 8
Sanger, Texas ‐ Resolution _________ ‐ Incentives Policy ‐ 2021‐06‐17 ‐ Page 3 of 3
EXHIBIT A
Incentives Policy
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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.
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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).
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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.
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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;
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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.
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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.
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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
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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.
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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.
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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).
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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.
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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.
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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 22
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?
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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 24
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 25
4A ECONOMIC DEVELOPMENT BOARD AGENDA MEMO
AGENDA ITEM NO. 6.
AGENDA MEETING DATE: October 5, 2021
TO: Shani Bradshaw, 4B
FROM: Shani Bradshaw, Director of Economic Development
ITEM/CAPTION:
SANGER INDUSTRIAL DEVELOPMENT CORPORATION 2020 ACTION PLAN
Discuss and Consider Action Plan Objectives.
AGENDA TYPE: Regular
ACTION REQUESTED:
BACKGROUND:
Staff will 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
Action Plan Progress Report 9/30/2021 Cover Memo
Page 26
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
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 Engage with Consultant
B Determine date/time/schedule
7 Develop maps adequate to market location,
local and regional assets
A Determine formats to be used
B Contract for aerial provider
C Determine size/printing
Cost
9 Utilize Consultant(s) to increase productivity
A Identify projects to be done Incentive policy, Marketing & Promotional Plan
B Engage and pursure projects
9 Emphasize advantages with marketing and
website
A List of advantages to marketing
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 27
Rank Objective When Resp.%Notes
B List of advantages to website
11 Implement a Local Business Report program
A Develop LBR program overview
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 2 proposals 5/4/2021 SB 50%Budget 2021-2022
B CoServ grant request Will apply for grant after October 1, 2021
Sanger Industrial Development Corporation MGO Progress Report Page 2 of 7
Page 28
Rank Objective When Resp.%Notes
14 Establish Board Member roles and
responsibilities
In progress
A Establish Roles and Responsibilities
B Training, conferences and sub-committees(if
needed)
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
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 9/25/2018 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 29
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 Staff 100%
B Develop Tracking report format 1/26/2021 Staff 100%Excel
Enter critical data/dates 1/26/2021 Staff 100%
Monitor performance deadlines 1/26/2021 Staff 100%Calendar reminder / Finance Department
24 Attend the NTCAR broker-developer trade show
in Dallas
A Register 5/24/2021 Staff 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 30
Rank Objective When Resp.%Notes
24 Assist in funding acquisition and development of
GIS mapping
A Purchase GIS software NA Staff 50%Received quotes for 2021/2022 Budget
B Implement maps on EDC webpage
28 Take training to understand the City Comp Plan
A
B
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 Staff 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
B Engage consultant
Determine date/time and schedule
37 Hold a joint meeting with City Council and STDC
A
B
Sanger Industrial Development Corporation MGO Progress Report Page 5 of 7
Page 31
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 32
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 33
4A ECONOMIC DEVELOPMENT BOARD AGENDA MEMO
AGENDA ITEM NO. 7.A.
AGENDA MEETING DATE: October 5, 2021
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 August 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
Revenue Expense Report August 31, 2021 9/29/2021 Cover Memo
Balance Sheet August 31, 2021 9/29/2021 Cover Memo
Monthly Sales Tax Report August 31, 2021 9/29/2021 Cover Memo
Page 34
4A ECONOMIC DEVELOPMENT BOARD AGENDA MEMOAGENDA ITEM NO. 7.A.AGENDA MEETING DATE: October 5, 2021TO: Shani Bradshaw, 4BFROM: Shani Bradshaw, Director of Economic DevelopmentITEM/CAPTION:FINANCIAL REPORTSAGENDA TYPE: RegularACTION REQUESTED: BACKGROUND:Staff will provide financial reports for August 2021. LEGAL/BOARD COMMISSION RECOMMENDATIONS/CITIZEN NOTICE FEEDBACK:NAFINANCIAL SUMMARY FUNDING/FISCAL IMPACT:NAFUNDS:NASTAFF RECOMMENDATION/ACTION DESIRED:NAATTACHMENTS:Description Upload Date TypeRevenue Expense Report August 31, 2021 9/29/2021 Cover Memo
Balance Sheet August 31, 2021 9/29/2021 Cover Memo
Monthly Sales Tax Report August 31, 2021 9/29/2021 Cover Memo
Financial Report August 31, 2021 9/29/2021 Cover Memo
Page 35
9-21-2021 08:20 AM CITY OF SANGER PAGE: 1
REVENUE & EXPENSE REPORT (UNAUDITED)
AS OF: AUGUST 31ST, 2021
41 -4A CORPORATION
FINANCIAL SUMMARY % OF YEAR COMPLETED: 91.67
CURRENT CURRENT PRIOR YEAR Y-T-D Y-T-D BUDGET % OF
BUDGET PERIOD PO ADJUST. ACTUAL ENCUMBRANCE BALANCE BUDGET
___________________________________________________________________________________________________________________________________
REVENUE SUMMARY
TAXES 462,500.00 62,523.49 0.00 583,629.90 0.00 ( 121,129.90 126.19
GRANTS 0.00 0.00 0.00 5,000.00 0.00 ( 5,000.00 0.00
INTEREST 4,000.00 62.95 0.00 818.13 0.00 3,181.87 20.45
TRANSFERS 25,000.00 0.00 0.00 25,000.00 0.00 0.00 100.00
TOTAL REVENUES 491,500.00 62,586.44 0.00 614,448.03 0.00 ( 122,948.03 125.01
EXPENDITURE SUMMARY
46-ECONOMIC DEVELOPMENT 171,726.00 14,967.94 27,448.77 163,382.55 6,245.37 29,546.85 82.79
74-TRANSFERS 30,000.00 0.00 0.00 0.00 0.00 30,000.00 0.00
___________________________________________________________________________________________________________________________________
TOTAL EXPENDITURES 201,726.00 14,967.94 27,448.77 163,382.55 6,245.37 59,546.85 70.48
REVENUE OVER/(UNDER) EXPENDITURES 289,774.00 47,618.50 27,448.77 451,065.48 ( 6,245.37)( 182,494.88 162.98
Page 36
9-21-2021 08:20 AM CITY OF SANGER PAGE: 2
REVENUE & EXPENSE REPORT (UNAUDITED)
AS OF: AUGUST 31ST, 2021
41 -4A CORPORATION
FINANCIAL SUMMARY % OF YEAR COMPLETED: 91.67
CURRENT CURRENT PRIOR YEAR Y-T-D Y-T-D BUDGET % OF
REVENUES BUDGET PERIOD PO ADJUST. ACTUAL ENCUMBRANCE BALANCE BUDGET
___________________________________________________________________________________________________________________________________
TAXES
00-4325 STATE SALES TAX 462,500.00 62,523.49 0.00 583,629.90 0.00 ( 121,129.90 126.19
TOTAL TAXES 462,500.00 62,523.49 0.00 583,629.90 0.00 ( 121,129.90 126.19
GRANTS
00-4446 Grant Revenue 0.00 0.00 0.00 5,000.00 0.00 ( 5,000.00 0.00
TOTAL GRANTS 0.00 0.00 0.00 5,000.00 0.00 ( 5,000.00 0.00
INTEREST
00-4800 INTEREST INCOME 4,000.00 62.95 0.00 818.13 0.00 3,181.87 20.45
TOTAL INTEREST 4,000.00 62.95 0.00 818.13 0.00 3,181.87 20.45
RENTAL INCOME ______________ ____________ ____________ _____________ ____________ ____________ ______
TRANSFERS
00-4986 Transfer from 4B 25,000.00 0.00 0.00 25,000.00 0.00 0.00 100.00
TOTAL TRANSFERS 25,000.00 0.00 0.00 25,000.00 0.00 0.00 100.00
___________________________________________________________________________________________________________________________________
TOTAL REVENUES 491,500.00 62,586.44 0.00 614,448.03 0.00 ( 122,948.03 125.01
============== ============ ============ ============= ============ ============ ======
Page 37
9-21-2021 08:20 AM CITY OF SANGER PAGE: 3
REVENUE & EXPENSE REPORT (UNAUDITED)
AS OF: AUGUST 31ST, 2021
41 -4A CORPORATION
46-ECONOMIC DEVELOPMENT % OF YEAR COMPLETED: 91.67
CURRENT CURRENT PRIOR YEAR Y-T-D Y-T-D BUDGET % OF
DEPARTMENTAL EXPENDITURES BUDGET PERIOD PO ADJUST. ACTUAL ENCUMBRANCE BALANCE BUDGET
___________________________________________________________________________________________________________________________________
51-SALARIES AND BENEFITS
46-5110 REGULAR SALARIES 80,400.00 6,120.56 0.00 73,446.72 0.00 6,953.28 91.35
46-5117 VACATION COMPENSATION 1,200.00 0.00 0.00 0.00 0.00 1,200.00 0.00
46-5125 LONGEVITY PAY 200.00 0.00 0.00 108.00 0.00 92.00 54.00
46-5128 AUTO ALLOWANCE 6,000.00 500.00 0.00 5,500.00 0.00 500.00 91.67
46-5129 CELL PHONE ALLOWANCE 600.00 50.00 0.00 550.00 0.00 50.00 91.67
46-5130 FICA 6,700.00 547.71 0.00 5,830.10 0.00 869.90 87.02
46-5140 RETIREMENT 7,500.00 581.35 0.00 6,847.04 0.00 652.96 91.29
46-5150 HEALTH INSURANCE 7,800.00 652.74 0.00 7,180.14 0.00 619.86 92.05
46-5160 WORKER'S COMPENSATION 500.00 0.00 0.00 183.60 0.00 316.40 36.72
46-5170 T W C 200.00 0.00 0.00 144.00 0.00 56.00 72.00
TOTAL 51-SALARIES AND BENEFITS 111,100.00 8,452.36 0.00 99,789.60 0.00 11,310.40 89.82
52-SUPPLIES AND MATERIALS
46-5210 OFFICE SUPPLIES 400.00 0.00 0.00 465.15 0.00 ( 65.15 116.29
46-5226 MARKETING & PROMOTION 20,000.00 1,247.93 0.00 15,890.97 0.00 4,109.03 79.45
46-5235 DUES & SUBSCRIPTIONS 2,000.00 460.00 0.00 1,948.61 0.00 51.39 97.43
46-5240 CONFERENCES AND TRAINING 5,000.00 0.00 0.00 976.50 0.00 4,023.50 19.53
46-5280 COMPUTER SUPPLIES 250.00 0.00 0.00 0.00 0.00 250.00 0.00
TOTAL 52-SUPPLIES AND MATERIALS 27,650.00 1,707.93 0.00 19,281.23 0.00 8,368.77 69.73
53-MAINTENANCE AND OPERAT
46-5310 R & M BUILDING 5,000.00 0.00 0.00 0.00 0.00 5,000.00 0.00
46-5332 OFFICE MACHINE LEASE 601.00 51.75 0.00 838.20 0.00 ( 237.20 139.47
TOTAL 53-MAINTENANCE AND OPERAT 5,601.00 51.75 0.00 838.20 0.00 4,762.80 14.97
54-CONTRACT SERVICES
46-5425 LEGAL EXPENSE 1,000.00 0.00 0.00 0.00 0.00 1,000.00 0.00
46-5430 PROFESSIONAL SERVICE 25,000.00 1,602.50 0.00 8,115.00 0.00 16,885.00 32.46
46-5450 TECHNICAL SUPPORT 500.00 78.40 0.00 858.53 0.00 ( 358.53 171.71
46-5451 ANNUAL SOFTWARE SUPPORT 875.00 0.00 0.00 675.00 0.00 200.00 77.14
46-5455 COMPREHENSIVE PLAN UPDATE 0.00 3,075.00 27,448.77 33,824.99 6,245.37 ( 12,621.59 0.00
TOTAL 54-CONTRACT SERVICES 27,375.00 4,755.90 27,448.77 43,473.52 6,245.37 5,104.88 81.35
55-UTILITIE S ______________ ____________ ____________ _____________ ____________ ____________ ______
56-GRANT EXPENSES ______________ ____________ ____________ _____________ ____________ ____________ ______
60-CAPITAL OUTLAY < $5K ______________ ____________ ____________ _____________ ____________ ____________ ______
Page 38
9-21-2021 08:20 AM CITY OF SANGER PAGE: 4
REVENUE & EXPENSE REPORT (UNAUDITED)
AS OF: AUGUST 31ST, 2021
41 -4A CORPORATION
46-ECONOMIC DEVELOPMENT % OF YEAR COMPLETED: 91.67
CURRENT CURRENT PRIOR YEAR Y-T-D Y-T-D BUDGET % OF
DEPARTMENTAL EXPENDITURES BUDGET PERIOD PO ADJUST. ACTUAL ENCUMBRANCE BALANCE BUDGET
___________________________________________________________________________________________________________________________________
61-CAPITAL OUTLAY ______________ ____________ ____________ _____________ ____________ ____________ ______
71-DEPRECIATION ______________ ____________ ____________ _____________ ____________ ____________ ______
70-DEBT PAYMENTS ______________ ____________ ____________ _____________ ____________ ____________ ______
___________________________________________________________________________________________________________________________________
TOTAL 46-ECONOMIC DEVELOPMENT 171,726.00 14,967.94 27,448.77 163,382.55 6,245.37 29,546.85 82.79
Page 39
9-21-2021 08:20 AM CITY OF SANGER PAGE: 5
REVENUE & EXPENSE REPORT (UNAUDITED)
AS OF: AUGUST 31ST, 2021
41 -4A CORPORATION
74-TRANSFERS % OF YEAR COMPLETED: 91.67
CURRENT CURRENT PRIOR YEAR Y-T-D Y-T-D BUDGET % OF
DEPARTMENTAL EXPENDITURES BUDGET PERIOD PO ADJUST. ACTUAL ENCUMBRANCE BALANCE BUDGET
___________________________________________________________________________________________________________________________________
74-TRANSFERS
74-7484 TRANSFER TO ENT CIP 30,000.00 0.00 0.00 0.00 0.00 30,000.00 0.00
TOTAL 74-TRANSFERS 30,000.00 0.00 0.00 0.00 0.00 30,000.00 0.00
___________________________________________________________________________________________________________________________________
TOTAL 74-TRANSFERS 30,000.00 0.00 0.00 0.00 0.00 30,000.00 0.00
TOTAL EXPENDITURES 201,726.00 14,967.94 27,448.77 163,382.55 6,245.37 59,546.85 70.48
============== ============ ============ ============= ============ ============ ======
** REVENUE OVER(UNDER) EXPENDITURES ** 289,774.00 47,618.50 27,448.77 451,065.48 ( 6,245.37)( 182,494.88 162.98
Page 40
9-21-2021 08:18 AM CITY OF SANGER PAGE: 1
BALANCE SHEET
AS OF: AUGUST 31ST, 2021
41 -4A CORPORATION
ACCOUNT # ACCOUNT DESCRIPTION BALANCE
_____________________________________________________________________________________________
ASSETS
======
41-00-1000 CLAIM ON CASH 1,173,469.66
41-00-1010 CKG-4A CASH (PROSP 90020693) 331,886.97
41-00-1012 MM-4A INV (PROSP 902551273) 479,656.85
41-00-1013 CD - #486639 95,747.14
41-00-1074 BUILDING & IMPROVEMENTS 1,080,797.00
41-00-1076 MACHINERY & EQUIPMENT 40,950.36
41-00-1079 ACCUMULATED DEPRECIATION ( 432,093.74)
41-00-1153 SALES TAX RECEIVABLE 96,174.06
2,866,588.30
TOTAL ASSETS 2,866,588.30
==============
LIABILITIES
===========
41-00-2000 ACCOUNTS PAYABLE CONTROL 7,367.70
41-00-2403 ACCRUED WAGES PAYABLE 2,803.80
41-00-2900 Encumbrances ( 6,245.37)
41-00-2910 Reserve for Encumbrance 6,245.37
41-00-2950 DUE TO GENERAL FUND 67,407.53
TOTAL LIABILITIES 77,579.03
EQUITY
======
41-00-3015 FUND BALANCE - RESTRICTED 2,337,943.79
TOTAL BEGINNING EQUITY 2,337,943.79
TOTAL REVENUE 614,448.03
TOTAL EXPENSES 163,382.55
TOTAL REVENUE OVER/(UNDER) EXPENSES 451,065.48
TOTAL EQUITY & REV. OVER/(UNDER) EXP. 2,789,009.27
TOTAL LIABILITIES, EQUITY & REV.OVER/(UNDER) EXP. 2,866,588.30
==============
Page 41
Month 2014-2015 Total 2015-2016 Total 2016-2017 Total 2017-2018 Total 2018-2019 Total 2019-2020 Total 2020-2021 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 52,602 52,602
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 50,054 102,656
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 52,405 155,061
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 44,941 200,002
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 62,144 262,146
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 49,700 311,846
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 48,180 360,026
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 63,691 423,717
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 47,099 470,816
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 50,290 521,106
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 62,523 583,629
SEP 33,366 386,739 31,646 391,082 38,361 435,516 38,280 436,100 38,860 442,506 42,073 553,295
TOTAL 386,739 386,739 391,082 391,082 435,516 435,516 436,100 436,100 442,506 442,506 533,295 533,295 583,630
BUDGET 320,000 66,739 362,500 28,582 362,500 73,016 385,000 51,100 385,000 57,506 385,000 148,295 385,000 (385,000)
Actual Actual %Actual Actual %
2019-2020 2020-2021 Change 2019-2020-2020-2021 Change
47,386 62,523 32%491,222 583,629 19%
Year to Date
4A & 4B SALES TAX REVENUE REPORT
AugustSales Tax Collection
386,739 391,082
435,516 436,100 442,506
533,295
0
100,000
200,000
300,000
400,000
500,000
600,000
2015 2016 2017 2018 2019 2020
TOTAL REVENUE 2015-2020
Page 42
4A & 4B SALES TAX REVENUE REPORT
Page 43
Percent
Budget Actual of Budget
Revenue
Sales Tax 462,500 583,630 126%
Interest Income 4,000 818 20%
AEP Energy Partners 5,000
Transfer from 4B 25,000 25,000 100%
Total Revenue 491,500 614,448 125%
Expenditures
Salaries & Benefits 111,100 99,790 90%
Supplies & Materials 27,650 #19,281 70%
Maintenance & Operations 5,601 838 15%
Contract Services 27,375 43,474 159%
Utilities
Capital Outlay
Debt Service
Total Expenditures 171,726 163,383 95%
Revenues Over Expenditures 319,774 451,065
Cash in Bank - First United 1,173,470
Cash in Bank - Prosperity 331,887
Money Market 479,657
Certificate of Deposit 95,747
Total Cash 2,080,761
August 31, 2021
Fund 4A
Sanger Texas Industrial Development Corporation
Page 44
4A ECONOMIC DEVELOPMENT BOARD AGENDA MEMO
AGENDA ITEM NO. 7.B.
AGENDA MEETING DATE: October 5, 2021
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 to the Board 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 45