Res 174-2017 12/19/2017 Resolution No. 174-2017
Resolution approving the programs and expenditures of the Wichita
Falls 4B Sales Tax Corporation Board of Directors and amending the
budget to include funding up to $800,000 to the Petroleum Building
Wichita Falls LLC for a renovation project at 726 Scott Avenue.
WHEREAS, Texas Local Gov't. Code § 501.073(a) provides "The corporation's
authorizing unit will approve all programs and expenditures of a corporation and annually
review any financial statements of the corporation;" and,
WHEREAS, on December 7, 2017, the Wichita Falls 4B Sales Tax Corporation
(413STC) approved the project listed below and as stated in its agenda.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF WICHITA FALLS, TEXAS, THAT:
1. The Wichita Falls 4B Sales Tax Corporation's approval and funding of the
following programs and expenditures, in a total amount not to exceed $800,000 as
described below and in said corporation's agenda, is approved:
To the Petroleum Building Wichita Falls LLC for a renovation project at
726 Scott Avenue for a fire suppression and alarm system as part of a
residential development.
2. The current fiscal year budget of the 4B Sales Tax Corporation is amended to
provide for the aforementioned expenditures and changes thereto.
PASSED AND APPROVED this the 19t" day of December, 2017.
MAYOR
ATTEST:
City Cle
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4B SALES TAX CORP.
Budget&Financial Statement Adopted Adapted Approved YTD
12/612017 -- -- Prev®ously FY 15 = FY FY 16FY"f7 FY 17 - F'Y;98 FY 18
.raved - Actual Bras a Actual :&'u et, Actual BUdUet'". Actual
Revenue
Sales Taxes _ _ $ 3,733,901 `$' ,72249t $ 3 728 961 '." 3,700,754,. $ 3 735,566 3,723,442 -......
Interest _ _ $ 996 „$ ---:f bbdJ`: $ _.. 8723 :$, -3,504, S 21,666 16,060 2,758..
Reimbursement(TIF#2} $ 498,065 3$1 883 $ 381883 $. 358;8$C $ 321,161
Other Reimbursements S 116,111 '$ 'f9f33'f=(-$ $
Remaining Project Balances S 1,593.000 ---- --
Total Revenues - 3 5 942 093 $ '4.221:645 $ 4 235 678,.S.,4_0676M S 4,071393 $ 4,Lf9865dI $ 2.758
COMPLETEDfCLOSED PROJECTS
MNTH-Jenny Exhibit `;$' .33e„28S $ 223,517 $ 14256:'..$ 14,266
RBNC Upper Walking Path ;$ ..6£k br34� $ 59,413
Tennis Center Lights 624);666. S 629211 ".
Lake Wichita Permit ;.$, 1B8,42 $ 158.125
Softball Field Lighting $ 64"Oluo $ 638,512
DWFD Farmers Market Imprvmts ,$ 934,uB1, $ 86.874 $ 54,885 --
Wayfmding Signage _ _ _,$ ,i1Yi➢, d'70 $ 104 600 $ 14{3,QQC1 $ 141000
Falls Bridge Replacement and By Pass - Vie; Bu;$66, S 51800 - ----
Hotel Consultants(Proposals) - 3fi,800 $ - 10 674
Kemp Sidewalk Project ---- ., 136 CF222 $ 16,800 119;222 "
- .._,,..
Trail Project(Bluffs to Loop 11) - $ 279,063. $ 44470 " $ 234,593
Hotel Developers(Gatehouse) •„ $ Ifll,06O $ 105,024
Brick Oven Pima Pub'Craft Beer 44.200..
120 Day Extension with Gatehouse $';. `3061
,C1{3q. $ 309,400
, '
P 2 The Deuce"Warehouse" ,$ G;2t7f8 S 6,200
ANNUAL PROGRAMS,EXPENDITURES
Debt Service--Projects
Trail,LantlJFiring Range(2009) 492,529 $ 492.529 $ 490 62d $ 490,628 '$. 491228' $ 4917228 4§11 0 , 491.174
TIF#2 Maplewood(2006A Series) $ 231,056,S 231.055 23"I 8>$3. $ 148 824
Golf Renovation(2006B Series) 3,09,B1a, S 369.513 S':, SK708 $ 200,070 ,-
Castaway Cove Water Pk(2010) - $ 387,060 S 387.060 ,$ 385,8 o= $ 389,600 ,3$8,440, $ 386;440 •. 3ii4o
TIF#2,Rhea Road(2011) _. '329,280 5 229 250 $ 2S14 1 $ 231,450 ;3, ;S�St.4,, $ 228,550
WF Municipal Airport(2013) - .', '140,5'N34; S 140,000 $ 140 OW $ 140,000 ,$'. .44D,00Q:$ 1407000 74t#;00fl'
Public Safety Projects(2013 Series) $ 418,676; S 418 576 $ 'AWg 8<76 $ 400 876 .$ '.36s;2$0 S 355.250
TIF#2 Maplewood(2015 A Series) ' $ 81 014 ,382 $ 208.382 �$ 64,808
Golf Renovation(2015B Series) $ 161,411 ,3,. 32Cs,494 $ 326,494 323;450'
Downtown Improvement Grants 3 $0,000,$ 18.350 $ Sr3 c1d10,$ 37,169 �$: .5[7,600 $ 39.004 3 'rat7,(30t0, 11.417
COB Incentive Funding _.. $ 36,t}06�S 35,000 `$." 35 000 3; 4"obo S 35;OD0 35a40tk' -_.
Professional Fees _ $ 181000 '$. "-' 3,817
Capital Equipmt Maint/Imprvmts -- 1 - - -- -
Radio Maintenance(73238) ;'$ ;1,u9;..E`i6$`S 127.102 :$ 1S2(='- $ 124,897 lk bw S 9,792 $ ls2,06fi. _
CAD Records Maint(732397 .$ 326,1YAQ. S 139-395 1851#34, $ 175 214 $.. ,196,2i $ 189,205 -'$, 498, 1, 196-885
MDT Software Maint(71110 72011)... $; '178,877 S 184.119 ,$. 2fl2}886' $ 179 636 :�$:: 193,847 $ 175.911 � 135,`[3f}Q- 147,247
Street Improvements '$, 40,1 S 400,000 4 410t1,0d11J $ 400 000 .$ 40g,606 5 375,882 $' -
Administration Charges $ "{6,tbb0{S'S 10,000 "$ .16flfX,f $ 10 ODD ,$t „'bd3,006 $ 10;OOD1i9,df0Q"
OPEN PROJECTS
District 5 Park Improvements ,.197,72S, S. 169,724 $ - 2000
Buxton Retail Services $ �.,SSt,fl0K7 $ 50 066' 5f3,f}tFC# S 50.066 - SiD,iT{}i3
Center City 728 Indiana ,.' $ 26000r7 $
Grocery Ice Cream Store922 Indiana $
120 Day Extension with Gatehouse#2 --- - --- -3; 3s3, df S 237.963
MPEC Parking Engineering Fees
Wichita Falls Brewery 701 Indiana 4dJ;000'
Comprehensive Econ Dev Strategy .. .. - >' g1i $ 15.000 ., 33.391
4Kids Sake Theatre 914 Indiana $,``' },CM,
Genache Custom Cakery 800-806 Ohio -'.„ ,_ 3' 196,,0013 _ •--.
OPG Senior Living Units 1100 Lamar A
Wichita Cc Heritage Society(Kell House) $dIt7,4i #
Freese and Nichols Professional Svcs 449,OW -
Total Expenditures ---- S 4,508.813 $ -4.974485' $ 4246 420 5:"S.f:I46.4u4 $ 4 154.916.S- 2.77..67'2 S 930.131
Revenues Less.Expenses_ - 8 1.433 280 S t762$4Lf $ (4 742} S=' 1E72.7981; S f 76.5231'$-'I.298 S7S S (927 373Y
Beginning Cash.Balance ' 'r $ 2,430.249,,$,3,8$31529 $ 3.863 529 "u.,858,787•.v 5 3 858.787 $, 3r7&2;264 3.782.264-
Ending Cash Balance S 3.863.529 $ S,11 De689 $ 3.858787 -'2,8##6.98 $ 3.782.264 S:6:f18f1,84 S 2.854.891
Reserved For Encumbrances S 168.835 $ ,109,835, $ 757,122 .757;122 $ 1,447.992 '$; 1;403.792 3.319.350
Unreserved Fund Balance S 3 674 694 .S 2.921>8 t4 $ 3A01,665 '$ 2:,"E^21-1 S 2.334.272 1 3-J67FSr$6tY. S I464A59Y