4B Development Corporation Regular Meeting

4B DEVELOPMENT CORPORATION MEETING MINUTES JULY 26, 2022, 6:00 PM 4B DEVELOPMENT CORPORATION REGULAR MEETING HISTORIC CHURCH BUILDING - 403 N 7TH STREET, SANGER, TEXAS CALL THE REGULAR MEETING TO ORDER AND ESTABLISH A QUORUM There being a quorum, John Payne called the meeting to order at 6:01 p.m. INVOCATION AND PLEDGE Eddie Piercy led the board in the Pledge. BOARD MEMBERS PRESENT Board Member, Place 1 Guy Saenz Board Member, Place 2 John Payne Board Member, Place 3 Stephanie Wood Board Member, Place 4 Beverly Howard Board Member, Place 6 Eddie Piercy Board Member, Place 7 Carrie Bilyeu BOARD MEMBERS ABSENT Board Member, Place 5 Jeff Springer STAFF MEMBERS PRESENT: Director of Economic Development Shani Bradshaw, and Meghann Piercy CITIZENS COMMENTS No citizens came forward to speak. DISCUSSION ITEMS 1. Presentation and discussion on the renovations to Porter Park. Parks and Recreation Superintendent Ryan Nolting speaks to the board about the update on construction of Porter Park Fields. He explains they expect 3 months of construction beginning in the spring. 4B Minutes 07-26-2022 Page 1 of 3  Landon with Parkhill gave a presentation to the board about the construction. John Payne asked why are we looking at doing so many changes just to move the backstop. He also wanted to know if the resolution had all the extra changes. Director of Economic Development Shani Bradshaw explains all of the construction ideas that were presented. Eddie Piercy stated that the quote is already 100% over the budget. He also says there are saving with not moving the flag poles, fence and he would like to see the financial differences. He also recommends that the City should be paying for ADA relighting not the 4B. John Payne states no new scoreboards and repurpose as much as possible. Guy Saenz spoke about the irrigation system. REPORTS Director of Economic Development 2. Financial Reports. Director Bradshaw gives a brief update on the financial report. CONSENT AGENDA 3. Approval of Minutes from 06/28/22. Board Member Piercy makes a motion to approve. Board Member Bilyeu seconded the motion. Voting Yea: Board Member Howard, Board Member Saenz, Board Member Wood, Board Member Payne. Motion passes unanimously. ACTION ITEMS 4. Consideration and possible act on electing officers for the Sanger Development Corporation. Board Member Piercy makes a motion to keep the officers the same. Board Member Bilyeu seconded the motion. Voting Yea: Board Member Howard, Board Member Saenz, Board Member Wood, Board Member Payne. Motion passes unanimously. 4B Minutes 07-26-2022 Page 2 of 3  5. Consideration and possible action on amending the Economic Development Incentive Policy. Director Bradshaw goes over a minor change in the policy. The amount for the grant changed from $5,000.00 to $10,000.00 and remove the time eligibility requirement. Board Member Payne makes a motion to approve. Board Member Howard seconded the motion. Voting Yea: Board Member Piercy, Board Member Saenz, Board Member Wood, Board Member Howard. Motion passes unanimously. 6. Reconsider and possible action on the 4B Fiscal Year 2022-2023 Budget. Board Member Howard makes a motion to approve the 2022-23 budget with Porter Park renovation cap at $350,000.00. Board Member Saenz seconded the motion. Voting Yea: Board Member Piercy, Board Member Bilyeu, Board Member Wood, Board Member Payne. Motion passes unanimously. FUTURE AGENDA ITEMS No future items were discussed. ADJOURN John Payne adjourn the meeting at 7:31 p.m. 4B Minutes 07-26-2022 Page 3 of 3