4B Development Corporation Regular Meeting

4B DEVELOPMENT CORPORATION MEETING MINUTES JUNE 28, 2022, 6:00 PM 4B DEVELOPMENT CORPORATION REGULAR MEETING HISTORIC CHURCH BUILDING - 403 N 7TH STREET, SANGER, TEXAS CALL THE REGULAR MEETING TO ORDER, ESTABLISH A QUORUM, AND PLEDGE With there being a quorum Jeff Springer called the meeting to order at 6:00 p.m. BOARD MEMBERS PRESENT Board Member, Place 1 Guy Saenz 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 Board Member, Place 2 John Payne Board Member, Place 3 Stephanie Wood STAFF MEMBERS PRESENT: Director of Economic Development Shani Bradshaw, and Secretary Stefani Dodson CITIZENS COMMENTS No citizens came forward to speak. CONSENT AGENDA 1. Approval of the minutes from the May 24, 2022 meeting. Board Member Piercy makes a motion to table the item until the next meeting. Board Member Bilyeu seconded the motion. Voting Yea: Board Member Howard, Board Member Saenz, Board Member Springer. Motion passes unanimously. 4B Minutes 06-28-2022 Page 1 of 3 REPORTS Director of Economic Development 2. Miracle Field Park Project Director Bradshaw presents the project and she explains to the board what a Miracle Field is and how it would be a great addition to our community. 3. 4B Monthly Sales Tax Report - May 31, 2022 Director Bradshaw goes over the sales tax report briefly. ACTION ITEMS 4. Consideration and possible action on changes to the Property Enhancement Grant program. Director Bradshaw explains that she would like to suggest a few changes to the current Property Enhancement Grant. She states that with the cost of construction going up she suggest the grant increase from $5000. to $10,000. She also suggest to remove the 6 month requirement. The board has a brief discussion about the changes. Board Member Piercy makes a motion to approve. Board Member Howard seconded the motion. Voting Yea: Board Member Bilyeu, Board Member Saenz, Board Member Springer. Motion passes unanimously. 5. Consider and possible action on transferring $25,000 from Promotional and Community Events to the Property Enhancement Grant Program. Director Bradshaw explains that the old grant that was made for the construction of the large pavilion has just been sitting there not being used. She suggested that the $25,000.00 be moved to the current Property Enhancement Grant. Board Member Howard makes a motion to approve. Board Member Piercy seconded the motion. Voting Yea: Board Member Bilyeu, Board Member Saenz, Board Member Springer. Motion passes unanimously. 6. Consideration and possible action on the 4B Fiscal Year 2022-2023 budget. Director Bradshaw presented 2022-23 budget. Board Member Bilyeu makes a motion to approve. Board Member Piercy seconded the motion. 4B Minutes 06-28-2022 Page 2 of 3  Voting Yea: Board Member Howard, Board Member Saenz, Board Member Springer. Motion passes unanimously. FUTURE AGENDA ITEMS No future items were discussed. ADJOURN With there being no further items to discuss Jeff Springer adjourns the meeting at 6:45 p.m. 4B Minutes 06-28-2022 Page 3 of 3