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07/02/2019-4A-Minutes-RegularMINUTES 4A ECONOMIC DEVELOPMENT BOARD TUESDAY, JULY 2, 2019 1:00 PM 502 ELM STREET SANGER, TEXAS COMMISSION MEMBERS PRESENT: Don Gillum, Elizabeth Springer, Victor Gann COMMISSION MEMBERS ABSENT: Fred Yeatts STAFF MEMBERS PRESENT: Shani Bradshaw, Stefani Dodson 1.Call Meeting to Order 2.Consider and Possibly Adopt Minutes of the Meeting May 7th, 2019 Motion made to approve by Elizabeth Springer. Seconded by Victor Gann. Motion passes unanimously. 3.Consider, Discuss and Possibly Act on Fiscal Year 2019/2020 Budget 4.Review Financials Shani passes out a copy of the sales tax monthly report. Springer asks what does it take to move money to a different bank.  What percent do we get?  Could we possible look into money market?  We could possibly get 2% with First United. 5.Schedule Tour of Warehouse 6.Citizen Comments 7.Adjourn MINUTES: 4A Sanger Industrial Development Corporation July 2nd, 2019 MEMBERS PRESENT: Don Gillum, Elizabeth Springer, and Victor Gann MEMBERS ABSENT: Fred Yeatts, OTHERS PRESENT: Director of Economic and Community Development Shani Bradshaw, Stefani Dodson, Thomas Muir 1. Call Meeting to Order. 1:02 PM 2. Approval of the 4A Minutes for the May 7th, 2019 Meeting. Elizabeth Springer made a motion to approve minutes. Seconded by Victor Gann. Motion passes unanimously. 3. Consider, Discuss, and Possibly Act on Fiscal Year 2019/2020 Budget. Shani asks if they have any questions. Gillum asks if there are any major changes. Shani said there are a couple of changes. Salary reduced when Alina left the position. Marketing promotions increased by $2000.00. Conferences increase to offer training to the board members. Contract services increases for the Comp. Plan. Also $10,000.00 for Consultant Services. Shani would like to use a consulting firm to help with a future action plan to set our goals and objectives. For a response template for getting future leads. We do get leads from the Dallas Chamber. She receives leads from them ever so often. We don’t know the name of the lead but we get details on they are looking for land, building. For example Amazon if we get a request from them we have a 24 hour window to get them all our information. The consultant group will get a packet together and we can send it to them quickly when requested. As you can see we are hoping to have the note paid off by the end of the year. I sent you email update about our Financial director has been out. Springer made a motion to approve the Budget. Seconded by Gann. Passes unanimously. 4. Review Financials Not a lot has changed with the sales tax. Shani goes over the handout. The sales tax is at 75% at $287, 00.00. If you look at your chart you can see the difference between last year and this year. Gann asks for a little more information about the projected budget. Springer asks what it would take to put money into another bank other than the two we are using. She asks what percent do we get and maybe look into a money market. Ask if Shani will double check on what it would take to move the money 5. Schedule Tour of Warehouse Shani speaks briefly about the warehouse and explains to the board about why they need to see the damage. She expresses there is a leak somewhere. Gillum asks if there is damage to the building where we need to call in our insurance inspector. Shani said when she spoke with Jim Berman that this has been an ongoing issue. There are new runs into the walls. Gillum said he thinks we should still have the insurance come look at it. Tour scheduled for July 9, 2019 at 9 am. Springer asks what the options are if we see a lot of problems to address the need of the building. Shani said one thought it once we are paying off the note we are saving 20-30K in interest and we could put it back into the building. Another idea is wait to do a walk through. We wanted to wait until a Comp. Plan was completed. We briefly touched on leasing, but as a board you really wanted to wait to do anything with the building. There are so many options out there. If we have someone interested in leasing the building and willing to update the building in place of rent, that is an option. Shani said she would hate to see the building stay vacant until the Comp. Plan is done because we are looking at least another year. With that said it would take at least 12-18 months once the Comp Plan starts. She explains that is a long time to leave that building vacant when we could be getting something out of it. Springer speaks saying her son Jeff is on the 4B and that the City owns a lot of building and maybe they need to be sold. Those building would be nice for different things. Shani said it is interesting how many building owns. 6. Input From Citizens. Thomas Muir stands to speak. He said he just want to mention a few things like about the Comp. Plan. First, Thank you for setting aside funds for the Comp. Plan. I think will be trying to encourage the boards to broaden the scope of what each board can do. 4A has been pretty good because you have done a lot of projects y’all have done over the years. We are going to be working on broadening perspective on what the economic boards can do. We have kind of operated on one board focused on quality of life/parks and they have owned it. 4A has been business economic development. When really 4B can do a lot of the same things as 4A. Because we have done most of our bigger park items then we are hoping a collaborative effort of both boards. The main reason I wanted to come visit is at one point we decided to wait on the warehouse. In an ideal world we would wait on a comp plan to see what the plans could be for the Downtown area. Then get our vision and go find what falls in the vision. Sometimes opportunities approach us, before we have everything lined out. I don’t want to speak for Council, but I think Council has a vision for Downtown more vibrant, and retail not industrial. It has been zoned and has been Industrial. The broader vision is retail. If we got the opportunities we may finish out or lease. There have been a couple things that may not materialize that have come up may be should be looking but I wouldn’t want us to not consider an alternative just because we are waiting on the Comp Plan. There has been a connection I have had with a sports oriented deal. To me if we could find those sorts of things as opposed to smoke stacks or industrial type things. Now if something brings in 300 jobs we may reconsider my statement. The ones I have visited with seem to be an entrepreneurial minded. I am just saying be creative and don’t be tied to the comp plan. So whatever the opportunities are I think we ought to real time consider them. If they become fruitful Shani will bring them to you. If I had a guess of what the comp. plan is going to tell us it will be retail. I think that is what council will say and of course we will have citizen input. As a side note on the First United cash deal. We went out for a bid and put it out for all our City banks and First United is the only bank that came back to the City. We have a contract with First United. You may want to reach out to Clayton on information. 7. Adjourn. 1:35 PM