08/04/2021-4A-Agenda Packet-RegularAGENDA
4A ECONOMIC DEVELOPMENT BOARD
WEDNESDAY, AUGUST 4, 2021
6:00 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
1. Approval of 4A Minutes From Board Meeting 0462021
2. Approval of 4A Minutes From Joint Board Meeting 04272021
4.Consider Any Items Removed from Consent Agenda.
REGULAR AGENDA
5.Election of Officers
Discuss, Consider and Possible Action on Electing Officers for the Sanger Industrial Development
Corporation Board.
6.Fiscal Year 20202021 Budget
Consider, Discuss and Possible Action on the Fiscal Year 2021/2022 Budget.
7.Board Meeting Schedule
Discuss and Consider Board Meeting Dates and Times.
8.Sanger Industrial Development Corporation 2020 Action Plan
Discuss and Consider Action Plan Objectives.
9.INFORMATION ITEMS:
a.Financial Reports
b.Director's Report
10.FUTURE AGENDA ITEMS:
Page 1
AGENDA4A ECONOMIC DEVELOPMENT BOARDWEDNESDAY, AUGUST 4, 20216:00 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 Minutes1. Approval of 4A Minutes From Board Meeting 04620212. Approval of 4A Minutes From Joint Board Meeting 042720214.Consider Any Items Removed from Consent Agenda.REGULAR AGENDA5.Election of OfficersDiscuss, Consider and Possible Action on Electing Officers for the Sanger Industrial DevelopmentCorporation Board. 6.Fiscal Year 20202021 BudgetConsider, Discuss and Possible Action on the Fiscal Year 2021/2022 Budget.7.Board Meeting ScheduleDiscuss and Consider Board Meeting Dates and Times.8.Sanger Industrial Development Corporation 2020 Action PlanDiscuss and Consider Action Plan Objectives.9.INFORMATION ITEMS:a.Financial Reportsb.Director's Report
10.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).
11.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.
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: August 4, 2021
TO: Shani Bradshaw, 4B
FROM: Shani Bradshaw, Director of Economic Development
ITEM/CAPTION:
Approval of Minutes
1. Approval of 4A Minutes From Board Meeting 0462021
2. Approval of 4A Minutes From Joint Board Meeting 04272021
AGENDA TYPE: Consent Agenda
ACTION REQUESTED: Approval
BACKGROUND:
N/A
LEGAL/BOARD COMMISSION RECOMMENDATIONS/CITIZEN NOTICE FEEDBACK:
N/A
FINANCIAL SUMMARY FUNDING/FISCAL IMPACT:
N/A
FUNDS:
N/A
STAFF RECOMMENDATION/ACTION DESIRED:
APPROVE Minutes for Board Meeting 4062021 and 4272021.
ATTACHMENTS:
Description Upload Date Type
Page 3
4A ECONOMIC DEVELOPMENT BOARD AGENDA MEMOAGENDA ITEM NO. A.1.AGENDA MEETING DATE: August 4, 2021TO: Shani Bradshaw, 4BFROM: Shani Bradshaw, Director of Economic DevelopmentITEM/CAPTION:Approval of Minutes1. Approval of 4A Minutes From Board Meeting 04620212. Approval of 4A Minutes From Joint Board Meeting 04272021AGENDA TYPE: Consent AgendaACTION REQUESTED: Approval BACKGROUND:N/ALEGAL/BOARD COMMISSION RECOMMENDATIONS/CITIZEN NOTICE FEEDBACK:N/AFINANCIAL SUMMARY FUNDING/FISCAL IMPACT:N/AFUNDS:N/ASTAFF RECOMMENDATION/ACTION DESIRED:APPROVE Minutes for Board Meeting 4062021 and 4272021.
ATTACHMENTS:
Description Upload Date Type
Minutes from 4621 7/27/2021 Cover Memo
Minutes from Joint Meeting 7/27/2021 Cover Memo
Page 4
MINUTES
4A ECONOMIC DEVELOPMENT BOARD
TUESDAY, APRIL 6, 2021
6:00 PM
HISTORIC CHURCH BUILDING 403 NORTH 7TH STREET
SANGER, TEXAS
BOARD MEMBERS PRESENT:
Victor Gann, Nancy McAlister, Drew Hall, Elizabeth Springer, Sue Allison
BOARD MEMBERS ABSENT:
All members were present
STAFF MEMBERS PRESENT:
Economic Development Director Shani Bradshaw, Stefani Dodson Development Services
1.Call Meeting to Order, Establish a Quorum (Roll Call), Invocation.
There being a quorum, Elizabeth Springer called the April 6, 2021, 4A Meeting to order at 6:04
p.m.. The Invocation was given by Victor Gann. The Pledge of Allegiance was led by Elizabeth
Springer.
2.CITIZEN INPUT:
No citizens came forward to speak.
3.CONSENT AGENDA:
Victor Gann made a motion to approve the Consent Agenda. Motion was seconded by Nancy
McAlister. Motion passes unanimously with a 50 vote.
a.Approval of Minutes
1.Approval of Minutes from 01/05/2021
4.Consider Any Items Removed from Consent Agenda.
No items were discussed.
REGULAR AGENDA
5.Execute Agreement with EDP Best Practices, LLC
Discuss, Consider and Possible Action on Authorizing the EDC Director to Execute an Agreement
with EDP Best Practices, LLC for Economic Development Board Training.
Page 1Page 5
MINUTES4A ECONOMIC DEVELOPMENT BOARDTUESDAY, APRIL 6, 20216:00 PMHISTORIC CHURCH BUILDING 403 NORTH 7TH STREETSANGER, TEXASBOARD MEMBERS PRESENT:Victor Gann, Nancy McAlister, Drew Hall, Elizabeth Springer, Sue AllisonBOARD MEMBERS ABSENT:All members were presentSTAFF MEMBERS PRESENT:Economic Development Director Shani Bradshaw, Stefani Dodson Development Services1.Call Meeting to Order, Establish a Quorum (Roll Call), Invocation.There being a quorum, Elizabeth Springer called the April 6, 2021, 4A Meeting to order at 6:04p.m.. The Invocation was given by Victor Gann. The Pledge of Allegiance was led by ElizabethSpringer.2.CITIZEN INPUT:No citizens came forward to speak.3.CONSENT AGENDA:Victor Gann made a motion to approve the Consent Agenda. Motion was seconded by NancyMcAlister. Motion passes unanimously with a 50 vote.a.Approval of Minutes1.Approval of Minutes from 01/05/20214.Consider Any Items Removed from Consent Agenda.No items were discussed.REGULAR AGENDA5.Execute Agreement with EDP Best Practices, LLCDiscuss, Consider and Possible Action on Authorizing the EDC Director to Execute an Agreement
with EDP Best Practices, LLC for Economic Development Board Training.
Economic Development Director Shani Bradshaw gives a brief update to the board. She explains
that she has spoke with Greg Last about training. She lets the board know that he has over 30 years
experience with Economic Development. She says the training will cost $790.00 and will be split
with the 4B board. She also talks to the board about board members terms that are expiring. She
says they will need to get their applications in so they can be renewed.
Victor Gann asked if he would still be able to take the training once he is a City Council
Member. Economic Development Director Shani Bradshaw explains she thinks it would be great if
a member of the Council took the training.
Drew Hall makes a motion approve The EDC Director Shani Bradshaw to execute an agreement
with EDP Best Practices for Economic Development Board Training. Motion was seconded by Sue
Allison. Motion passes unanimously with a 50 vote.
6.Incentive Policy
Discuss, Consider and Possible Action on Authorizing the EDC Director to Execute an Agreement
with EDP Best Practices, LLC for the Development of a New Incentives Policy
Economic Development Director Shani Bradshaw gives a brief update to the board. She explains
the current incentive policy is as old as 2007. It is dated and needs to have an overhaul. She lets
them know the price for a EDP Best Practices to do an incentive policy would cost about
$4500.00.
Elizabeth Springer askes if this is the only company EDC Director Bradshaw knows that can do this
policy. EDC Director Bradshaw says there are a few other companies but she knows this company
specializes in Economic Development.
Sue Allison asks if the 4B Board will be splitting the cost. EDC Director Bradshaw says she has not
asked them but has no problem bringing it up to them. She also said she wouldn't mind setting up a
joint meeting with both boards so they can discuss the budget.
Nancy McAlister says she believes that the board should do this eitherway.
Victor Gann makes a motion to table this item until they meet with the 4B board. Nancy McAlister
seconded the motion. Motion passes unanimously with a 50 vote.
7.INFORMATION ITEMS:
a.Executive Director's Report
1. Project Updates
a. 2020 EDC Action Plan Objectives Update
·Infrastructure
·Website
2. Sales Tax Report
3. Financial Reports
4. New Development Update
Page 2Page 6
MINUTES4A ECONOMIC DEVELOPMENT BOARDTUESDAY, APRIL 6, 20216:00 PMHISTORIC CHURCH BUILDING 403 NORTH 7TH STREETSANGER, TEXASBOARD MEMBERS PRESENT:Victor Gann, Nancy McAlister, Drew Hall, Elizabeth Springer, Sue AllisonBOARD MEMBERS ABSENT:All members were presentSTAFF MEMBERS PRESENT:Economic Development Director Shani Bradshaw, Stefani Dodson Development Services1.Call Meeting to Order, Establish a Quorum (Roll Call), Invocation.There being a quorum, Elizabeth Springer called the April 6, 2021, 4A Meeting to order at 6:04p.m.. The Invocation was given by Victor Gann. The Pledge of Allegiance was led by ElizabethSpringer.2.CITIZEN INPUT:No citizens came forward to speak.3.CONSENT AGENDA:Victor Gann made a motion to approve the Consent Agenda. Motion was seconded by NancyMcAlister. Motion passes unanimously with a 50 vote.a.Approval of Minutes1.Approval of Minutes from 01/05/20214.Consider Any Items Removed from Consent Agenda.No items were discussed.REGULAR AGENDA5.Execute Agreement with EDP Best Practices, LLCDiscuss, Consider and Possible Action on Authorizing the EDC Director to Execute an Agreementwith EDP Best Practices, LLC for Economic Development Board Training.Economic Development Director Shani Bradshaw gives a brief update to the board. She explainsthat she has spoke with Greg Last about training. She lets the board know that he has over 30 yearsexperience with Economic Development. She says the training will cost $790.00 and will be splitwith the 4B board. She also talks to the board about board members terms that are expiring. Shesays they will need to get their applications in so they can be renewed. Victor Gann asked if he would still be able to take the training once he is a City CouncilMember. Economic Development Director Shani Bradshaw explains she thinks it would be great ifa member of the Council took the training.Drew Hall makes a motion approve The EDC Director Shani Bradshaw to execute an agreementwith EDP Best Practices for Economic Development Board Training. Motion was seconded by SueAllison. Motion passes unanimously with a 50 vote.6.Incentive PolicyDiscuss, Consider and Possible Action on Authorizing the EDC Director to Execute an Agreementwith EDP Best Practices, LLC for the Development of a New Incentives Policy Economic Development Director Shani Bradshaw gives a brief update to the board. She explainsthe current incentive policy is as old as 2007. It is dated and needs to have an overhaul. She letsthem know the price for a EDP Best Practices to do an incentive policy would cost about$4500.00. Elizabeth Springer askes if this is the only company EDC Director Bradshaw knows that can do thispolicy. EDC Director Bradshaw says there are a few other companies but she knows this companyspecializes in Economic Development.Sue Allison asks if the 4B Board will be splitting the cost. EDC Director Bradshaw says she has notasked them but has no problem bringing it up to them. She also said she wouldn't mind setting up ajoint meeting with both boards so they can discuss the budget.Nancy McAlister says she believes that the board should do this eitherway.Victor Gann makes a motion to table this item until they meet with the 4B board. Nancy McAlisterseconded the motion. Motion passes unanimously with a 50 vote.7.INFORMATION ITEMS:a.Executive Director's Report1. Project Updatesa. 2020 EDC Action Plan Objectives Update·Infrastructure ·Website2. Sales Tax Report3. Financial Reports4. New Development Update
Economic Development Director Shani Bradshaw gives the board updates on possible projects.
She explains that there will be times she will have to sign a NDA and wont be able to give much
information on some projects.
She briefly goes over the handout with all the sales tax information and also the financial report.
8.FUTURE AGENDA ITEMS:
Sue Allison would like to add the Warehouse to the next agenda. She would like to know what the
plan is going to be with the building.
9.ADJOURN.
There being no further agenda items for discussion, Elizabeth Springer adjourned the 4A meeting at
7:15 p.m.
Page 3Page 7
MINUTES
JOINT SPECIAL MEETING OF THE 4A AND 4B ECONOMIC DEVELOPMENT BOARDS
TUESDAY, APRIL 27, 2021
6:00 PM
HISTORIC CHURCH BUILDING 403 NORTH 7TH STREET
SANGER, TEXAS
COUNCIL MEMBERS PRESENT:
Joint Meeting quorum.
4A Elizabeth Springer, Victor Gann, Sue Allison, Drew Hall, Nancy McAlister
4B John Payne, Will Dutton, Eddie Piercy, Beverly Howard, Jeff Springer
COUNCIL MEMBERS ABSENT:
4B Carrie Bilyeu, Justin Swaim
STAFF MEMBERS PRESENT:
Economic Development Director Shani Bradshaw, Stefani Dodson
1.Call Meeting to Order, Establish a Quorum (Roll Call), Invocation.
There being a quorum, John Payne called the April 27, 2021, Joint Meeting of 4A and 4B board to
order at 6:00 p.m.. The invocation was given by Jeff Springer. The Pledge of Allegiance was led by
Eddie Piercy.
2.CITIZEN INPUT:
There were no citizens who came forward wishing to speak.
3.Consider Any Items Removed from Consent Agenda.
No items need to be removed.
REGULAR AGENDA
4.Incentive Policy
Discuss, Consider and Possible Action on Authorizing the EDC Director to Execute an Agreement
with EDP Best Practices for the Development of a New Incentives Policy.
Economic Development Director Shani Bradshaw explains she brought up the Incentive Policy to
the 4A board. She said the current policy was made back in 2007 and is outdated. She explains
how important it is for us to have an incentive policy. The 4A board tabled any further discussion to
see if the 4B Board will be able to split the cost. The cost to have this policy done would be
$4500.00 so that would be $2250.00 for each Board. EDC Director Bradshaw tells the board that
in one of the handouts is an example of another City's incentive policy.
Page 1Page 8
MINUTESJOINT SPECIAL MEETING OF THE 4A AND 4B ECONOMIC DEVELOPMENT BOARDSTUESDAY, APRIL 27, 20216:00 PMHISTORIC CHURCH BUILDING 403 NORTH 7TH STREETSANGER, TEXASCOUNCIL MEMBERS PRESENT:Joint Meeting quorum.4A Elizabeth Springer, Victor Gann, Sue Allison, Drew Hall, Nancy McAlister4B John Payne, Will Dutton, Eddie Piercy, Beverly Howard, Jeff SpringerCOUNCIL MEMBERS ABSENT:4B Carrie Bilyeu, Justin SwaimSTAFF MEMBERS PRESENT:Economic Development Director Shani Bradshaw, Stefani Dodson1.Call Meeting to Order, Establish a Quorum (Roll Call), Invocation.There being a quorum, John Payne called the April 27, 2021, Joint Meeting of 4A and 4B board toorder at 6:00 p.m.. The invocation was given by Jeff Springer. The Pledge of Allegiance was led byEddie Piercy.2.CITIZEN INPUT:There were no citizens who came forward wishing to speak.3.Consider Any Items Removed from Consent Agenda.No items need to be removed.REGULAR AGENDA4.Incentive PolicyDiscuss, Consider and Possible Action on Authorizing the EDC Director to Execute an Agreementwith EDP Best Practices for the Development of a New Incentives Policy.Economic Development Director Shani Bradshaw explains she brought up the Incentive Policy tothe 4A board. She said the current policy was made back in 2007 and is outdated. She explainshow important it is for us to have an incentive policy. The 4A board tabled any further discussion tosee if the 4B Board will be able to split the cost. The cost to have this policy done would be$4500.00 so that would be $2250.00 for each Board. EDC Director Bradshaw tells the board that
in one of the handouts is an example of another City's incentive policy.
Eddie Piercy makes a motion to authorize the EDC Director to execute an agreement with EDP Best
Practices for the Development of a new incentive policy. Will Dutton seconded the motion. Motion
passes unanimously with a 50 vote.
Victor Gann makes a motion to authorize the EDC Director to execute an agreement with EDP Best
Practices for the Development of a new incentive policy. Nancy McAlister seconded the motion.
Motion passes unanimously with a 50 vote.
5.EDC and CDC Budgets
Consider and Discuss the FY 20212022 EDC and CDC Budgets.
Economic Development Director Shani Bradshaw explains to the boards that this is not an action
item. She starts to go over the budget hand out she gave all the Board members. She points out
some of the changes on the proposed 202122 budget. She points out that during the last 4A
meeting is was brought up that 4B should split the Economic Development Directors salary. It will be
one of the changes that reflecting on the proposed budget.
6.INFORMATION ITEMS:
No items to discuss.
7.FUTURE AGENDA ITEMS:
John Payne and Board members would like a view at the budget numbers from the past years for
201920, 202021, and then the proposed budget.
8.ADJOURN.
There being no further agenda items for discussion, John Payne adjourned the Joint Meeting with 4A
and 4B at 6:59 p.m..
Page 2Page 9
4A ECONOMIC DEVELOPMENT BOARD AGENDA MEMO
AGENDA ITEM NO. 5.
AGENDA MEETING DATE: August 4, 2021
TO: Shani Bradshaw, 4B
FROM: Shani Bradshaw, Director of Economic Development
ITEM/CAPTION:
Election of Officers
Discuss, Consider and Possible Action on Electing Officers for the Sanger Industrial Development Corporation Board.
AGENDA TYPE: Regular
ACTION REQUESTED: Approval
BACKGROUND:
Board members will appoint a member to serve as a President and Vice President.
LEGAL/BOARD COMMISSION RECOMMENDATIONS/CITIZEN NOTICE FEEDBACK:
NA
FINANCIAL SUMMARY FUNDING/FISCAL IMPACT:
NA
FUNDS:
NA
STAFF RECOMMENDATION/ACTION DESIRED:
APPOINT a President and Vice President.
Page 10
4A ECONOMIC DEVELOPMENT BOARD AGENDA MEMO
AGENDA ITEM NO. 6.
AGENDA MEETING DATE: August 4, 2021
TO: Shani Bradshaw, 4B
FROM: Shani Bradshaw, Director of Economic Development
ITEM/CAPTION:
Fiscal Year 20202021 Budget
Consider, Discuss and Possible Action on the Fiscal Year 2021/2022 Budget.
AGENDA TYPE:
ACTION REQUESTED: Approval
BACKGROUND:
Staff will provide a copy of the Budget at the board meeting.
LEGAL/BOARD COMMISSION RECOMMENDATIONS/CITIZEN NOTICE FEEDBACK:
NA
FINANCIAL SUMMARY FUNDING/FISCAL IMPACT:
NA
FUNDS:
NA
STAFF RECOMMENDATION/ACTION DESIRED:
APPROVE the Fiscal Year 2021/2022 Budget.
Page 11
4A ECONOMIC DEVELOPMENT BOARD AGENDA MEMO
AGENDA ITEM NO. 7.
AGENDA MEETING DATE: August 4, 2021
TO: Shani Bradshaw, 4B
FROM: Shani Bradshaw, Director of Economic Development
ITEM/CAPTION:
Board Meeting Schedule
Discuss and Consider Board Meeting Dates and Times.
AGENDA TYPE: Regular
ACTION REQUESTED:
BACKGROUND:
Staff is seeking feedback on meeting dates and times.
LEGAL/BOARD COMMISSION RECOMMENDATIONS/CITIZEN NOTICE FEEDBACK:
NA
FINANCIAL SUMMARY FUNDING/FISCAL IMPACT:
NA
FUNDS:
NA
STAFF RECOMMENDATION/ACTION DESIRED:
NA
Page 12
4A ECONOMIC DEVELOPMENT BOARD AGENDA MEMO
AGENDA ITEM NO. 8.
AGENDA MEETING DATE: August 4, 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 the progress being made on the 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
Progress Report 7/27/2021 Cover Memo
Page 13
Rank Objective When Resp.%
1 Develop a Marketing & Promotion Plan
A Engage with Consultant
B Determine date/time/schedule
2 Develop a Sites & Buildings Summary 6/19/2019 SB/Consulta
nt
100%
A Identify available sites and buildings Apr-19 100%
B Research appraisal distric info and zoning Apr-19 100%
C Identify broker/rep/owner May-19 100%
D Develop report formate May-19 100%
E Post to Website Jun-19 100%
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 9/8/2020 SB/Board
A Engage with Consultant 100%
B Present approved Action Plan to Council 100%
C Implement standing agenda item
5 Develop a comprehensive CRM database
A May need to engage with consultant
B Evaluate purchase vs development
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
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 14
Page 14
Rank Objective When Resp.%
A List of advantages to marketing
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
A Engage consultant 4/30/2021 Staff 100%
B Identify existing issues/opportunities Staff/Board 50%
C Determine desired incentives Staff/Board 50%
D Adopt Policy and Application 6/23/2021 50%
E Post application on website
11 Develop a comprehensive and professional
Website
A Collect up to 2 proposals Apr-21 SB 50%
B CoServ grant request
Sanger Industrial Development Corporation MGO Progress Report Page 2 of 14
Page 15
Rank Objective When Resp.%
14 Establish Board Member roles and
responsibilities
A Establish Roles and Responsibilities
B Training, conferences and sub-committees(if
needed)
14 Take training to understand the responsibilities
of other City Boards
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
Staff/Board
member
A Select Board member to be part of CP Sep-20 50%
B Select Board member to be part of Branding Sep-20 50%
14 Contract for professional photography as
needed for M&P
Staff 100%
A Quotes from professional 4/20/2021 SB 100%
B Establish date for photo session 5/6/2021 SB 100%
Review Photos 5/20/2021 SB 100%
20 Develop a Performance Dashboard
for reporting
NA Staff 100%
A Develop tracking document 100%
B Evaluate Dashboard periodically
20 Identify training needed / desired by Board and
Staff
A Discuss desired/needed training 4/29/2021 SB/Board 100%
B Identify training providers 4/29/2021 SB/Board 100%
C Schedule and take training 50%
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
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 14
Page 16
Rank Objective When Resp.%
B List of grants availabe for projects/programs
24 Establish an Incentive Management Program Staff 100%
A Identify outsanding incentives 1/26/2021 Staff 100%
B Develop Tracking report format 1/26/2021 Staff 100%
Enter critical data/dates 1/26/2021 Staff 100%
Monitor performance deadlines 1/26/2021 Staff 100%
24 Attend the NTCAR broker-developer trade show
in Dallas
A Register 5/24/2021 Staff 100%
B Prepare marketing collateral
C Debrief from attendance
Sanger Industrial Development Corporation MGO Progress Report Page 4 of 14
Page 17
Rank Objective When Resp.%
24 Assist in funding acquisition and development of
GIS mapping
A Purchase GIS software NA Staff 50%
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 Staff 100%
A Create outline of desired topics
B Determine date/time 7/9/2021 SB/Mayor/C
M
100%
Hold meeting Quarterly SB/Mayor/C
M
100%
28 Develop a Traffic Count Report Jan-20 Staff/Const
ultant
100%
A Engage consultant Dec-19 Staff 100%
B Determine locations Jan-20 Staff 100%
Create document and post on website Jan-20 Staff 100%
33 Establish a document to record projects and
activities of the EDO
2020 Staff 100%
A Development tracking document 100%
33 Take training on Business Retention & Expansion
A Provide training on local incentives
B Schedule and hold training
33 Director / Coord. to pursue CEcD certification
A Courses completed May-17 Staff 100%
B Courses still needed
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 14
Page 18
Rank Objective When Resp.%
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 14
Page 19
Rank Objective When Resp.%
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
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 14
Page 20
2020-08-04
Notes
Will need to be updated periodically
Drove area to identify sites
Reseachered DCAD and zoning map
Identified broker/owner information
Work with consultant on format
Post to ED website
Ongoing
Greg Last, EDP Best Practices
19-Oct-20
Staff
Custom dbase in Access
Incentive policy, Marketing & Promotional Plan
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 8 of 14
Page 21
Notes
Pending
Greg Last, EDP Best Practices
Work with staff
Work with staff
In legal Review
Pending
Budget 2021-2022
Will apply for grant after October 1, 2021
Sanger Industrial Development Corporation MGO Progress Report Page 9 of 14
Page 22
Notes
In progress
Planning & Zoning Process
Attend monthly CP meetings
Attend Monthly Comp Plan meetings and
Branding meetings
Photos for Marketing and ED Website
Received 2 Quotes
Michael Duran Photography
Excel document - will need to be updated
periodically.
Excel
Ongoing
Incentive Policy Training
Greg Last, EDP Best Practices
In progress
Events, website, newsletter
Sanger Industrial Development Corporation MGO Progress Report Page 10 of 14
Page 23
Notes
Ongoing
Excel
Calendar reminder / Finance Department
To be held on September 2 at Gilleys - Dallas
Sanger Industrial Development Corporation MGO Progress Report Page 11 of 14
Page 24
Notes
Progress
Received quotes for 2021/2022 Budget
Quarterly Meetings with Chamber
TBD
Jan, April, July and October
Greg Last, EDP Best Practices
Identified locations to place markers
Posted on ED Website
Report is updated as needed
Excel
BRE
Graduated from the OU ED Program
Primer to the CEcdExam Process
Sanger Industrial Development Corporation MGO Progress Report Page 12 of 14
Page 25
Notes
Sanger Industrial Development Corporation MGO Progress Report Page 13 of 14
Page 26
Notes
Sanger Industrial Development Corporation MGO Progress Report Page 14 of 14
Page 27
4A ECONOMIC DEVELOPMENT BOARD AGENDA MEMO
AGENDA ITEM NO. 9.A.
AGENDA MEETING DATE: August 4, 2021
TO: Shani Bradshaw, 4B
FROM: Shani Bradshaw, Director of Economic Development
ITEM/CAPTION:
Financial Reports
AGENDA TYPE:
ACTION REQUESTED: Presentation
BACKGROUND:
Staff will provide financial reports for June 2021 and the monthly sales tax report.
LEGAL/BOARD COMMISSION RECOMMENDATIONS/CITIZEN NOTICE FEEDBACK:
NA
FINANCIAL SUMMARY FUNDING/FISCAL IMPACT:
NA
FUNDS:
NA
STAFF RECOMMENDATION/ACTION DESIRED:
NA
ATTACHMENTS:
Description Upload Date Type
Revenue Expense Report June 30, 2021 7/27/2021 Cover Memo
Balance Sheet June 30, 2021 7/27/2021 Cover Memo
Monthly Sales Tax Report June 30, 2021 7/27/2021 Cover Memo
Page 28
4A ECONOMIC DEVELOPMENT BOARD AGENDA MEMOAGENDA ITEM NO. 9.A.AGENDA MEETING DATE: August 4, 2021TO: Shani Bradshaw, 4BFROM: Shani Bradshaw, Director of Economic DevelopmentITEM/CAPTION:Financial ReportsAGENDA TYPE: ACTION REQUESTED: Presentation BACKGROUND:Staff will provide financial reports for June 2021 and the monthly sales tax report. LEGAL/BOARD COMMISSION RECOMMENDATIONS/CITIZEN NOTICE FEEDBACK:NAFINANCIAL SUMMARY FUNDING/FISCAL IMPACT:NAFUNDS:NASTAFF RECOMMENDATION/ACTION DESIRED:NAATTACHMENTS:Description Upload Date TypeRevenue Expense Report June 30, 2021 7/27/2021 Cover Memo
Balance Sheet June 30, 2021 7/27/2021 Cover Memo
Monthly Sales Tax Report June 30, 2021 7/27/2021 Cover Memo
Financial Report End of June 30, 2021 7/27/2021 Cover Memo
Page 29
7-23-2021 10:58 AM CITY OF SANGER PAGE: 1
REVENUE & EXPENSE REPORT (UNAUDITED)
AS OF: JUNE 30TH, 2021
41 -4A CORPORATION
FINANCIAL SUMMARY % OF YEAR COMPLETED: 75.00
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 47,099.04 0.00 470,816.11 0.00 ( 8,316.11 101.80
GRANTS 0.00 5,000.00 0.00 5,000.00 0.00 ( 5,000.00 0.00
INTEREST 4,000.00 61.18 0.00 693.80 0.00 3,306.20 17.35
TRANSFERS 25,000.00 0.00 0.00 25,000.00 0.00 0.00 100.00
TOTAL REVENUES 491,500.00 52,160.22 0.00 501,509.91 0.00 ( 10,009.91 102.04
EXPENDITURE SUMMARY
46-ECONOMIC DEVELOPMENT 171,726.00 8,934.72 27,448.77 129,843.80 13,586.05 55,744.92 67.54
___________________________________________________________________________________________________________________________________
TOTAL EXPENDITURES 171,726.00 8,934.72 27,448.77 129,843.80 13,586.05 55,744.92 67.54
REVENUE OVER/(UNDER) EXPENDITURES 319,774.00 43,225.50 27,448.77 371,666.11 ( 13,586.05)( 65,754.83 120.56
Page 30
7-23-2021 10:58 AM CITY OF SANGER PAGE: 2
REVENUE & EXPENSE REPORT (UNAUDITED)
AS OF: JUNE 30TH, 2021
41 -4A CORPORATION
FINANCIAL SUMMARY % OF YEAR COMPLETED: 75.00
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 47,099.04 0.00 470,816.11 0.00 ( 8,316.11 101.80
TOTAL TAXES 462,500.00 47,099.04 0.00 470,816.11 0.00 ( 8,316.11 101.80
GRANTS
00-4446 Grant Revenue 0.00 5,000.00 0.00 5,000.00 0.00 ( 5,000.00 0.00
TOTAL GRANTS 0.00 5,000.00 0.00 5,000.00 0.00 ( 5,000.00 0.00
INTEREST
00-4800 INTEREST INCOME 4,000.00 61.18 0.00 693.80 0.00 3,306.20 17.35
TOTAL INTEREST 4,000.00 61.18 0.00 693.80 0.00 3,306.20 17.35
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 52,160.22 0.00 501,509.91 0.00 ( 10,009.91 102.04
============== ============ ============ ============= ============ ============ ======
Page 31
7-23-2021 10:58 AM CITY OF SANGER PAGE: 3
REVENUE & EXPENSE REPORT (UNAUDITED)
AS OF: JUNE 30TH, 2021
41 -4A CORPORATION
46-ECONOMIC DEVELOPMENT % OF YEAR COMPLETED: 75.00
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 58,145.32 0.00 22,254.68 72.32
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 4,500.00 0.00 1,500.00 75.00
46-5129 CELL PHONE ALLOWANCE 600.00 50.00 0.00 450.00 0.00 150.00 75.00
46-5130 FICA 6,700.00 479.48 0.00 4,568.35 0.00 2,131.65 68.18
46-5140 RETIREMENT 7,500.00 581.35 0.00 5,417.59 0.00 2,082.41 72.23
46-5150 HEALTH INSURANCE 7,800.00 652.74 0.00 5,874.66 0.00 1,925.34 75.32
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 8,384.13 0.00 79,391.52 0.00 31,708.48 71.46
52-SUPPLIES AND MATERIALS
46-5210 OFFICE SUPPLIES 400.00 0.00 0.00 443.49 0.00 ( 43.49 110.87
46-5226 MARKETING & PROMOTION 20,000.00 362.95 0.00 11,505.83 0.00 8,494.17 57.53
46-5235 DUES & SUBSCRIPTIONS 2,000.00 57.49 0.00 1,431.11 0.00 568.89 71.56
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 27,650.00 420.44 0.00 14,356.93 0.00 13,293.07 51.92
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 0.00 659.31 0.00 ( 58.31 109.70
TOTAL 53-MAINTENANCE AND OPERAT 5,601.00 51.75 0.00 659.31 0.00 4,941.69 11.77
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 0.00 0.00 6,512.50 1,237.50 17,250.00 31.00
46-5450 TECHNICAL SUPPORT 500.00 78.40 0.00 701.73 0.00 ( 201.73 140.35
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 0.00 27,448.77 27,546.81 12,348.55 ( 12,446.59 0.00
TOTAL 54-CONTRACT SERVICES 27,375.00 78.40 27,448.77 35,436.04 13,586.05 5,801.68 78.81
55-UTILITIE S ______________ ____________ ____________ _____________ ____________ ____________ ______
56-GRANT EXPENSES ______________ ____________ ____________ _____________ ____________ ____________ ______
60-CAPITAL OUTLAY < $5K ______________ ____________ ____________ _____________ ____________ ____________ ______
Page 32
7-23-2021 10:58 AM CITY OF SANGER PAGE: 4
REVENUE & EXPENSE REPORT (UNAUDITED)
AS OF: JUNE 30TH, 2021
41 -4A CORPORATION
46-ECONOMIC DEVELOPMENT % OF YEAR COMPLETED: 75.00
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 8,934.72 27,448.77 129,843.80 13,586.05 55,744.92 67.54
Page 33
7-23-2021 10:58 AM CITY OF SANGER PAGE: 5
REVENUE & EXPENSE REPORT (UNAUDITED)
AS OF: JUNE 30TH, 2021
41 -4A CORPORATION
74-TRANSFERS % OF YEAR COMPLETED: 75.00
CURRENT CURRENT PRIOR YEAR Y-T-D Y-T-D BUDGET % OF
DEPARTMENTAL EXPENDITURES BUDGET PERIOD PO ADJUST. ACTUAL ENCUMBRANCE BALANCE BUDGET
___________________________________________________________________________________________________________________________________
74-TRANSFER S ______________ ____________ ____________ _____________ ____________ ____________ ______
___________________________________________________________________________________________________________________________________
TOTAL EXPENDITURES 171,726.00 8,934.72 27,448.77 129,843.80 13,586.05 55,744.92 67.54
============== ============ ============ ============= ============ ============ ======
** REVENUE OVER(UNDER) EXPENDITURES ** 319,774.00 43,225.50 27,448.77 371,666.11 ( 13,586.05)( 65,754.83 120.56
Page 34
7-23-2021 10:56 AM CITY OF SANGER PAGE: 1
BALANCE SHEET
AS OF: JUNE 30TH, 2021
41 -4A CORPORATION
ACCOUNT # ACCOUNT DESCRIPTION BALANCE
_____________________________________________________________________________________________
ASSETS
======
41-00-1000 CLAIM ON CASH 1,088,060.11
41-00-1010 CKG-4A CASH (PROSP 90020693) 331,858.79
41-00-1012 MM-4A INV (PROSP 902551273) 479,576.70
41-00-1013 CD - #486639 95,731.14
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
2,781,054.42
TOTAL ASSETS 2,781,054.42
==============
LIABILITIES
===========
41-00-2000 ACCOUNTS PAYABLE CONTROL 1,233.19
41-00-2403 ACCRUED WAGES PAYABLE 2,803.80
41-00-2900 Encumbrances ( 13,586.05)
41-00-2910 Reserve for Encumbrance 13,586.05
41-00-2950 DUE TO GENERAL FUND 67,407.53
TOTAL LIABILITIES 71,444.52
EQUITY
======
41-00-3015 FUND BALANCE - RESTRICTED 2,337,943.79
TOTAL BEGINNING EQUITY 2,337,943.79
TOTAL REVENUE 501,509.91
TOTAL EXPENSES 129,843.80
TOTAL REVENUE OVER/(UNDER) EXPENSES 371,666.11
TOTAL EQUITY & REV. OVER/(UNDER) EXP. 2,709,609.90
TOTAL LIABILITIES, EQUITY & REV.OVER/(UNDER) EXP. 2,781,054.42
==============
Page 35
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
AUG 35,487 353,373 37,628 359,436 42,725 397,155 39,661 397,820 42,598 403,646 47,386 491,222
SEP 33,366 386,739 31,646 391,082 38,361 435,516 38,280 436,100 38,860 442,506 42,073 553,295
TOTAL 386,739 386,739 391,082 391,082 435,516 435,516 436,100 436,100 442,506 442,506 533,295 533,295 470,816
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
50,482 47,099 -7%394,647 470,816 19%
Year to Date
4A & 4B SALES TAX REVENUE REPORT
JuneSales 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 36
4A & 4B SALES TAX REVENUE REPORT
Page 37
Percent
Budget Actual of Budget
Revenue
Sales Tax 462,500 470,816 102%
Interest Income 4,000 694 17%
AEP Energy Partners
Transfer from 4B 25,000 25,000 100%
Total Revenue 491,500 496,510 101%
Expenditures
Salaries & Benefits 111,100 79,392 71%
Supplies & Materials 27,650 #14,357 52%
Maintenance & Operations 5,601 659 12%
Contract Services 27,375 35,436 129%
Utilities
Capital Outlay
Debt Service
Total Expenditures 171,726 129,844 76%
Revenues Over Expenditures 319,774 366,666
Cash in Bank - First United 1,088,060
Cash in Bank - Prosperity 331,858
Money Market 479,576
Certificate of Deposit 95,731
Total Cash 1,995,225
June 30, 2021
Fund 4A
Sanger Texas Industrial Development Corporation
Page 38
4A ECONOMIC DEVELOPMENT BOARD AGENDA MEMO
AGENDA ITEM NO. 9.B.
AGENDA MEETING DATE: August 4, 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 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 39