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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 1 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. 2 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. 3 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. 4 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. 5 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. 6 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 7 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 8 Item 3.