07/23/2024-4B-Agenda Packet-Regular4B DEVELOPMENT CORPORATION
MEETING AGENDA
JULY 23, 2024, 6:00 PM
4B DEVELOPMENT CORPORATION REGULAR MEETING
DEVELOPMENT SERVICES BUILDING - 201 BOLIVAR STREET, SANGER, TEXAS 76266
CALL THE REGULAR MEETING TO ORDER AND ESTABLISH A QUORUM
INVOCATION AND PLEDGE
CITIZENS COMMENTS
This is an opportunity for citizens to address the Corporation on any matter. Comments related
to public hearings will be heard when the specific hearing begins. Citizens are allowed 3
minutes to speak. Each speaker must complete the Speaker’s Form and include the topic(s) to
be presented. Citizens who wish to address the Corporation with regard to matters on the
agenda will be received at the time the item is considered. The Corporation is not allowed to
converse, deliberate or take action on any matter presented during citizen input.
CONSENT AGENDA
All items on the Consent Agenda will be acted upon by one vote without being discussed
separately unless requested by a Board member to remove the item(s) for additional discussion.
Any items removed from the Consent Agenda will be taken up for individual consideration.
1. Consideration and possible action on 4B minutes from 06/18/2024.
ACTION ITEMS
2. Consideration and possible action on Property Enhancement Incentive application for
315 N. 5th Street.
REPORTS
3. Financial Reports.
EXECUTIVE SESSION
Pursuant to the Open Meetings Act, Chapter 551, the 4B Sanger Texas Development
Corporation Will Meet in a Closed Executive Session in Accordance with the Texas Government
Code:
Sec. 551.087. DELIBERATION REGARDING ECONOMIC DEVELOPMENT NEGOTIATIONS;
This chapter does not require a governmental body to conduct an open meeting; (1) to discuss
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or deliberate regarding commercial or financial information that the governmental body has
received from a business prospect that the governmental body seeks to have locate, stay, or
expand in or near the territory of the governmental body and with which the governmental
body is conducting economic development negotiations; or (2) to deliberate the offer of a
financial or other incentive to a business prospect described by Subdivision (1).
- Grocery Store
RECONVENE INTO REGULAR SESSION
Reconvene into Regular Session and take any action deemed necessary as a result of Executive
Session.
FUTURE AGENDA ITEMS
The purpose of this item is to allow the President and Board members 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 Corporation or at the call of the President.
ADJOURN
NOTE: The Corporation reserves the right to adjourn into Executive Session as authorized by
Texas Government Code, Section 551.001, et seq. (The Texas Open Meetings Act) on any item
on its open meeting agenda in accordance with the Texas Open Meetings Act, including,
without limitation Sections 551.071-551.087 of the Texas Open Meetings Act.
CERTIFICATION
I certify that a copy of this meeting notice was posted on the bulletin board at City Hall that is
readily accessible to the general public at all times and was posted on the City of Sanger
website on July 19, 2024, at 8:45 AM.
/s/ Stefani Dodson
Stefani Dodson, Secretary
The Historical Church is wheelchair accessible. Request for additional accommodations or sign
interpretation or other special assistance for disabled attendees must be requested 48 hours
prior to the meeting by contacting the City Secretary’s Office at 940.458.7930.
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4B DEVELOPMENT CORPORATION
COMMUNICATION
DATE: July 23, 2024
FROM: Shani Bradshaw, Director of Economic Development
AGENDA ITEM: Consideration and possible action on 4B minutes from 06/18/2024.
SUMMARY:
4B Board Minutes from 06/18/2024.
FISCAL INFORMATION:
Budgeted: NA Amount: NA GL Account: NA
RECOMMENDED MOTION OR ACTION:
Staff recommends approval.
ATTACHMENTS:
4B Minutes from 06/18/2024.
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Item 1.
4B Minutes 06-18-2024
Page 1 of 2
4B DEVELOPMENT CORPORATION
MEETING MINUTES
JUNE 18, 2024, 6:00 PM
4B DEVELOPMENT CORPORATION REGULAR MEETING
DEVELOPMENT SERVICES BUILDING - 201 BOLIVAR STREET, SANGER, TEXAS 76266
CALL THE REGULAR MEETING TO ORDER AND ESTABLISH A QUORUM
As there was a quorum John Payne called the meeting to order at 5:58 p.m.
BOARD MEMBERS PRESENT
Board Member, Place 2 John Payne
Board Member, Place 3 Matt Fuller
Board Member, Place 4 Beverly Howard
Board Member, Place 5 Jeff Springer
Board Member, Place 6 Eddie Piercy
Board Member, Place 7 Carrie Bilyeu
BOARD MEMBERS ABSENT
STAFF MEMBERS PRESENT
Director of Economic Development Shani Bradshaw, Secretary Shelley Warner
INVOCATION AND PLEDGE
Invocation was led by Board Member Payne and Pledge was led by Board Member Springer.
CITIZENS COMMENTS
No citizens came forward to speak.
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Item 1.
4B Minutes 06-18-2024
Page 2 of 2
CONSENT AGENDA
1. Consideration and possible action on 4B minutes from 05/28/2024.
Motion to approve the consent agenda as shown was made by Board Member Fuller.
Seconded by Board Member Payne.
Voting Yea: Board Member Howard, Board Member Piercy, Board Member Springer
and Board Member Bilyeu. The motion passes unanimously.
ACTION ITEMS
2. Consideration and possible action on the 4B Fiscal Year 2024-2025 Budget.
Board member Payne suggested adding $200,000 to the Porter Park Project 2. All
members agreed to allocate the funds to project.
Motion to approve the 4B Fiscal Year 2024-2025 Budget was made by Board Member
Springer. Seconded by Board Member Howard.
Voting Yea: Board Member Payne, Board Member Piercy, Board Member Fuller and
Board Member Bilyeu. The motion passes unanimously.
FUTURE AGENDA ITEMS
No future items were discussed.
ADJOURN
As there were no further items on the agenda John Payne adjourned the meeting at 6:59 p.m.
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Item 1.
4B DEVELOPMENT CORPORATION
COMMUNICATION
DATE: July 23, 2024
FROM: Shani Bradshaw, Director of Economic Development
AGENDA ITEM: Consideration and possible action on Property Enhancement Incentive
application for 315 N. 5th Street.
SUMMARY:
Owner will be replacing the exterior windows that have been with the store since it was first built
50 years ago.
Applicant has provided 2 quotes for the façade enhancements.
Total Investment is $16,820.97
Grant request amount is $6,960.
Funding is available.
FISCAL INFORMATION:
Budgeted: Yes Amount: $60,000 GL Account: NA
RECOMMENDED MOTION OR ACTION:
Staff recommends approval. (RECOMMENDED MOTION) – I make a motion to approve Dandy Donut’s
grant application for $6,960.
ATTACHMENTS:
Property Enhancement Incentive Program Application – 315 N. 5th Street.
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Item 2.
4B DEVELOPMENT CORPORATION
COMMUNICATION
DATE: July 23, 2024
FROM: Shani Bradshaw, Director of Economic Development
AGENDA ITEM: Financial Reports.
SUMMARY:
Staff will provide a financial and Sales Tax report.
FISCAL INFORMATION:
Budgeted: NA Amount: NA GL Account: NA
RECOMMENDED MOTION OR ACTION:
NA
ATTACHMENTS:
Sales Tax Report – June 2024
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Item 3.
Month 2019-2020 Total 2020-2021 Total 2021-2022 Total 2022-2023 Total 2023-2024 Total
OCT 41,961 41,961 52,602 52,602 50,303 55,222 65,621 65,621 84,045 84,045
NOV 42,075 84,036 50,054 102,656 55,222 105,525 61,751 127,372 72,499 156,544
DEC 44,092 128,128 52,405 155,061 48,145 153,670 72,220 199,591 62,317 218,861
JAN 27,585 155,713 44,941 200,002 56,155 209,825 61,974 261,565 78,147 297,009
FEB 70,059 225,772 62,144 262,146 76,753 286,579 71,749 333,314 69,257 366,266
MAR 40,966 266,738 49,700 311,846 57,471 344,049 52,565 385,879 61,032 427,298
APR 35,736 302,474 48,180 360,026 44,446 388,495 54,627 440,506 45,186 472,483
MAY 41,692 344,166 63,691 423,717 64,395 452,890 67,275 507,780 67,969 540,452
JUN 50,482 394,647 47,099 470,816 65,968 518,858 60,186 567,966 73,838 614,290
JUL 49,189 443,837 50,290 521,106 56,987 575,845 61,729 629,695
AUG 47,386 491,222 62,523 583,629 68,209 644,054 62,807 692,502
SEP 42,073 553,295 52,474 636,104 51,911 695,965 63,730 756,232 `
TOTAL 533,295 533,295 636,104 636,104 695,965 695,965 756,232 756,232 614,290
BUDGET 385,000 148,295 462,500 173,604 600,000 95,965 800,000 (43,768)875,000 (875,000)
Actual Actual %Actual Actual %
2024 2023 Change 2024 2023 Change
$ 73,838 $ 60,186 23%$ 614,290 $ 567,966 8%
`
Year To DateSales Tax Collection
Economic Development Sales Tax Report
May
533,295
636,104
695,965
756,232
614,290
0
100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
2019-2020 2020-2021 2021-2022 2022-2023 2023-2024
SALES TAX REVENUE 2019-2023
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Item 3.