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4B Sales Tax Corporation Minutes - 09/24/2019MINUTESOF,rHE WICHITA.FALLs 4B SA tar s TAX CORPORATION (4BSTQ September 24, 2019 PRIESENT: Tony Fidelic, President Glenn Barham, Vice President Rick Hatcher, Secretary -Treasurer Dave Clark Michael Mills, Nick Schreiber Paul Menzies, Assistant City Manager Blake Jurecek, Assistant City Manager R. Kinley Flegglund, Jr., City Attorney, Russell Schreiber, Director of Public Works, Terry Floyd, Director of Development Services Jessica Williams, Director of Finance Pat Hoffman, Property Manager Vikesh Desai, Storm Water Manager Linda Merrill, Recording Secretary Anthony Patterson Andy Lee Philip Otto Sabian Santisteven Frank Chon Cynthia Doten Jerry Skelton Larry Karr Vicki Karr Steve Muehiberger Ford Swanson David Coleman Stewart Harvey Jana Schmader ABSENT: Darron Leiker § Members § city Staff § The Brown Building § Picker's Universe § Syd Litteken Architects § Half Pint'J'aproom & Restoration Hall § Original Casa Manana § McBride's Steakhouse § LWRC § DWFD § Member 11 L Call to Order. Tony Fidelie called the meeting to order at 3:02 pm. He noted that City Attorney Kinley Hegglund and Vice President Glenn Barham would arrive shortly (from attending another meeting). 2. Approval of Minutes of 7/3/19. Rick Hatcher moved for -approval, seconded, -by -_Dave Clark. 'The motion carried -0. (Kinley Ilegg, lund arrived at the mee ting.) Mr. Fidelie noted he would take items out of order on the agenda to accommodate those in attendance at today's meeting for specific requests. 1 Public hearing regarding a request for funding from Anthony Patterson, dba ARP Brown Building LKLC, to renovate the existing building at 901 9-1, Street into residential apartments. W Fidelie opened the public hearing at 3:03 p.m. Paul Menzies noted that in late 2017, the Board approved $122,805. That agreement expired at the end of 2018. The project wrapped up in early August of this year, Mr. Patterson is asking for an extension to that agreement to realize those funds. Anthony Patterson said his contractor had estimated a 6-,10-month timeline. There were delays, however, and he is asking for a grace period. This is an upscale, high -quality loft, and he did complete the project. He showed photos of the final project, including private parking, and the canopied, illuminated entrance. The lofts have all industrial look, with stainless steel appliances and quartz countertops, but also retain the original ceiling tiles froin the 1920s. Mr. Fidelie explained that a time limitation for access to Funding was added to performance agreements so that money would not be encumbered for several years for a particular project; extending the time for all additional 6 or 8 months would not hinder the flow of 4B funds. Mr. Fidelie closed the public hearing at 3:08 pm. 4. Public hearing regarding a request for funding from Kirk Laney, dba Picker's Universe LLC7, to renovate the existing building at 1000 Indiana into a mixed use retail and restaurant establishment. Mr. Fidelie opened the public hearing at 3:09 p.m. (Mr. Barhant enlercd the meeling.) Andy Lee, 1410 Grant, represents Kirk 1.,aney, the owner of Picker's Universe, Along with him today is Philip Otto, manager of the business's day-to-day operations. Also present is Sabian Santisteven, the architect and construction manager for this project. 'They are proposing to rehab 1000 Indiana for mixed use. Retail will remain on file first floor, while the second floor would become a restaurant and eventspace, such as for wine tastings. The third floor would contain an 11,000 square foot restaurant with seating for 400 patrons. An additional 60 people could be seated on the rnezzanine level. 'The cost estimate: for this protect is $2,526,653, The request ofthe 4B Board is $345,779,, which is more than 101% of the project cost ($252,665).'I'hey are applying for historical tax credits, but only $1,866,137 of the total project cost is qualified. They have major sanitary sewer issues, and will add a water line and sprinkler systems, as well as replace an electrical transformer, Mr. Lee noted that the Board has provided financial assistance in the sum of $613,000 toward five local buildings now on the National Register. The total project costs for these properties was $18 million, fie believes that is a good return on tile Board's investment, 'They will retain the crepe myrtles and fix the sidewalk, at a, cost of approximately $50,000, They Could request a matching $5,0�00 grant from the 4B Board, but they will include that expense into their construction costs. Mr. Fidelie asked the anticipated timeline for this project. Mr. Lee said May 2020, provided they obtain a building permit. Mr. Fidelie asked about parking, to which Mr. Lee replied they have 210 parking spaces available in 3 -1/2 lots that need to be repaved. There being no 11irther comments, Mr. Fidelie closed the public hearing at 3:36 p.m. 5. Public hearing regarding a request for funding from the City of Wichita Falls related to the L,ake Wichita Boardwalk project, Mr. Fidelie opened the public hearing at 3:36 p.m,. Stewart Harvey said the request is for financial assistance to revitalize Lake Wichita. Constructed in 190 1, it is the third oldest man-made reservoir in Texas, 'rhey have raised $600,000 for the boardwalk. Half of the cash is available now, with the remainder to be paid in January 2020,They also have a $500,,OOO matching grant from 'rexas Parks and Wildlife that is time sensitive. 'The lowest bid for the project is $1 .286 million, leaving adeficit of $ 186,000. Theybefieve they can value engineer, some of these costs down, but are requesting these funds in the event this is not possible, or there are some unforeseen cost overruns. Director of Public Works Russell Schreiber said two bids were received — from Anthony Inman and low bidder Trinity Hughes. Fie, too, believes there can be value engineering to reduce at least some of the costs. There being no further comments, Mr. Fidelie closed the public hearing at 3:45 p�.m. 6. Public hearing regarding a request for funding from the City of Wichita Falls related to the Circle Trail Project. Mr. Fidelie opened the public hearing at 3:45 p.m, Mr. Schreiber said that in 2017, the City was successful in obtaining TxDOT grants, to fund three more extensions to the current trail system: 1. Lucy Park to Loop 11 2. Along, the B'NSF railroad tracks from Seymour Highway to Barnett Road 3. Along Lake Wichita from Fairway to Larry's Marina Those sections Would nearly complete the trail. TxDOT has stipulated, however, that those funds can only be used to fund 80% of the construction costs. The City must provide the remaining 20%, and must reimburse TxD0T for its administrative costs, as well as, ensure the project is ADA compliant. The City is also responsible for any change orders. The three trail sections must be either completed or under construction by October 2020. Trail section I is being bid for the third time next week, It came in over budget the first time, and no bids were received the second time. 'Trail section 2 would be bid in the first part of 2020, Nvith trail section 3 going out for bid in August 2020. It Would at least be under construction by October, 2020, allowing the City to meet TxDOT's stipulations. The request ofthe 413 Board is the City's portion, or $742,347.50. Mr. Clark asked if there would be any value to combining any or all of these sections into one project, Mr. Schreiber said that is not allowed by 'I""xD0T. Mr. Clark asked if there is access at Larry's Marina to get off the trail and back on the road, Mr. Schreiber said lie does not know if that is allowed. Mr, Fidelie asked, if the funds were not available, would the City otherwise lose the: TxDOT grant. Mr. Schreiber replied affirmatively. There being no further discussion, Mr. Fidelie closed the public hearing at 3:52 p.m. 7. Executive Sessions. Mr. Fidelie adjourned the meeting into executive session at 3:53 p.m. pursuant to TEXAS GOVEIRNMEN] CODE sections 551.072 and 551.087. He announced the meeting back into regular session at 4:42 p.m. The subjects posted in the Notice of Meeting were deliberated, and no votes or further action was taken on these items in executive session, 8. motions. Lindeman Garage — This item did not require a motion. Mr. Fidelie asked that Property Administrator Pat Hoffman put together a proposal to bid out the pat -king spaces of the Lindeman Parking garage for, review by the Board, and to coordinate tier actions with Finley Hegglund and Paul Menzies. E Funding related to renovation of 901 91h Street (Brown Building) — Michael Mills moved to extend the deadline for receipt of unding for this project until December 2019. Seconded bv Mr, Hatcher, the motion carried 6-01. Funding related to the renovation of 10!00 Indiana (Pickers Universe) — This item died for lack of a motion, Funding related to the Lake Wichita Boardwalk project — Mr. Fidelie moved to authorize the expenditure of $186 000 for the Lake Wichita Boardwalk project, Seconded b Clark, the motion carried. 6-0. Funding related to the Circle Trail Project — Glenn Barbara moved to authorize the expenditure of $742,347.50 for the Circle rrail Project. Seconded by Mr. Hatcher, the. motion carried 6-0. 9. Approval of 2019-20 budget. Mr. Menzies noted the Board's proposed budget for fiscal year 2020 projects, $4.158 million in sales tax revenues, which is a carry-over from this fiscal year's estimated year-end revenue total. The budget highlights include the following- • Debt service projects: $ 1 .74 million • Public safety radio maintenance: $5115,000 Lindeman parking garage: $125,000 City administrative expense: $20,000 Downtown matching grant: $100,000 CVB incentive funds: $35,000, The Board will have an unreserved fund balance of $4A million. Mr, Clark moved for ado ption.,of the 2019-20 budget. Secondedby- Mr. Schreiber, the motion carried 6,-0. 7. Adjourn. 'rhe meeting adjourned at 5:�00 p.m. Glenn Barharn, Vice President 9