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4B Sales Tax Corporation Minutes - 02/04/2021 MINUTES OF THE WICHITA FALLS 4B SALES TAX CORPORATION (4BSTC) February 4, 2021 Present: Tony Fidelie, President § Members Rick Hatcher, Secretary-Treasurer § Dave Clark § Darron Leiker § Michael Mills § Nick Schreiber § Stephen Santellana. Mayor § Mayor and Council Bobo) Whiteley, Councilor at-Large § Paul \leniics. :\ssistant City Manager § City Staff Blake Jurecel, Assistant City Manager § R. Kinky I leuglund, Jr., City Attorney § Terri l:lov d. Director, Development Services § Jessica Williams, CFO/Finance Director § Pat Hoffman, Property Administrator § Linda Merrill, Recording Secretary § Jana Schmader § DWFD Madeleine Calcote § Museum of North Texas History John Dickinson § Half Pint III, LLC Denton Keltner § Tyler Sales § Anchored DT, LLC Lynn \\ alkcr § Times Record News Absent: Glenn Barham, Vice-President § Member 1. Call to Order. Tony Fidelie called the meeting to order at 3:02 p.m. 2. Approval of Minutes of 12/3/20. Dave Clark moved for approval, seconded by Rick Hatcher. The motion carried 6-0. 3. Report of Financial Condition Paul Menzies said February sales tax receipts (reflective of December sales) are a week away from being reported. However,the sales tax receipts for October and November are 1.77% ahead of the same time last year. The Board has $6.6 million in its unreserved fund balance. He noted that the Finance team worked long and hard to modernize the Board's spreadsheet. Mr. Fidelie expressed the Board's appreciation for their effort. 1 4. Public hearing regarding a request from Denton Keltner, dba Half Pint III LLC, for an extension to the existing funding agreement to renovate the building at 809 Ohio into a mixed use retail and entertainment establishment. Mr. Fidelie opened the public hearing at 3:03 p.m. Mr. Menzies said the first two projects before the Board were approved shortly before the Covid-19 pandemic really hit. The funding agreement with Half Pint III LLC to renovate the building at 809 Ohio was for nearly $51,000. They are requesting a five-month extension until August 1. Denton Keltner, 905 9`h Street,Wichita Falls. He noted the Board had received his formal request for the extension, as well as a timeline of the work performed and associated delays. More work had to be done than was anticipated, such as the complete removal and replacement of the slab, and the repair of two walls damaged by high winds. There have been multiple occasions of rain and shortages of material. All building materials are now in, and the project is expected to move swiftly once construction gets underway. Nick Schreiber asked if the five-month extension provides sufficient time. Mr. Keltner said a couple more months would be nice. He does not anticipate any major delays but he has no way of knowing that in today's environment. Mr. Fidelie said the Board appreciates the efforts to improve the downtown area. There being no further discussion, he closed the public hearing at 3:08. 5. Public hearing regarding a request from Tyler Sales, do Anchored DT LLC, for an extension to the existing funding agreement to renovate the building at 620 Ohio into a mixed use establishment. Mr. Fidelie opened the public hearing at 3:09 p.m. Mr. Menzies said this project was approved last March at a cost of$42,411.50. They are requesting a short extension until June 1. Tyler Sales, 813 8`h Street. Suite 506, Wichita Falls. He spoke on behalf of Anchored DT's request for a 90-day extension. Historic research done on 620 Ohio revealed that the structure used to be two units. So they have installed a partition wall between the two units. Unit 1 should be ready for final inspection by the end of the month, with Unit 2 ready shortly thereafter. Delays were due to the Covid-19 pandemic as well as the application process for state and federal historic committees. Phase 2 of the process is a 60-day review period,but they experienced a delay due to the nationwide shelter-in-place ordinances. Mr. Fidelie expressed the Board's appreciation for their efforts to revitalize downtown Wichita Falls. There being no further discussion, he closed the public hearing at 3:11 p.m. 6. Public hearing regarding a funding request from the Museum of North Texas History related to their forthcoming efforts to inventory and preserve the contents of the former Railroad Museum downtown. Mr. Fidelie opened the public hearing at 3:11 p.m. Mr. Menzies said the City owns the building and land at 500 9th Street. For years, the not-for-profit Railroad Museum occupied the facility. In December 2020, the Museum terminated its lease and vacated the facility, leaving all inventory in the building. They did not, however, leave any records. The Museum of North Texas History is interested in doing inventory work on the contents. The City and Museum signed an access agreement allowing the Museum use of the facility for 12 months to do this work. The request before the Board is from the Museum and the City for an amount up to $7,500 to pay the utility and solid waste costs not currently budgeted. 2 Madeleine Calcote. e\ecuti\e director of the Museum of North Texas History, 4100 Weeks Park Lane, Wichita Falls. She said the Museum had already started on the inventory. There are about 17 rolling stock cars and smaller items on the premises. She is asking the City to provide electricity, water, and trash service. Mr. Clark said he is very pleased the Museum has gotten involved, as this deserves attention.He asked if this is an eligible cost. City Attorney Kinley HegOund replied affirmatively, referencing Section 505.152 of the Texas Local Government Code. There being no further discussion, Mr. Fidelie closed the public hearing at 3:16 p.m. 7. Staff report regarding the operations of the Corporation-owned Lindeman Parking Garage at 7th Street/Indiana Street downtown. Jana Schmader said Downtown Wichita Falls Development is reinstating the Art Walk,to be held March 4. They want to put art and music in various places. The request before the Board is to place a single musician on the first floor of the Lindeman Parking Garage. \Ir. Menzies added that if the Board approves of the request, staff has prepared a draft agreement available for signature today. Property Administrator Pat Hoffman said there are still only two tenants in the garage, and no inquiries to lease the property. Staff checks all floors daily. Police officers patrol it on a regular basis. Mr. l.eiker noted that the Council has expressed interest in the Board's planned use of this facility. and encouraged that it be used more. From staffs perspective, the garage is in a holding pattern at present. A dev eloper had shown interest in the beginning, but did not follow through for various reasons. The spaces \Here put out for bid, but there is not yet sufficient demand for businesses in the area to want to pay for parking. The Board has discussed whether to open the garage up as free parking for events such as the Art Walk, or to charge a nominal fee. The Board was not interested in turning it into a profit center, but would like to defray operational costs. Mr. Hatcher noted there had been a Facebook `uprising' about the $25,000 annual budgeted amount for the upkeep of the garage. The actual amount spent year to date is $1,071. The Board does feel it should try to break even as much as possible. Mr. Leiker opined that if the Cit\ were to construct such a facility, it would cost many millions of dollars. This is a real gift; it mad not be needed today, but will be hopefully in a few years. 8. Staff report regarding Type B Corporation eligible projects pursuant to Texas statute. Mr. Menzies said the issue regarding eligible 4B projects, particularly in the downtown area, had been discussed over the last few months. He distributed a map of the downtown area comprising the Central Business District (CBD). This district is an actual zoning area, and has had the same configuration since the inception of zoning in Wichita Falls in 1985. About 30 years later, the discussion of areas eligible for economic development funding was based on the 2008 comprehensive Freese & Nichols study for 2020. The area bounded by 6`h/Ohio/11 m/Tray is was determined to be the area within which to focus public investment. The Board decided to use the CBD boundaries as its boundary for investment. 3 The most recent Freese & Nichols study (from 2017-18), adopted as part of the Council's downtown plan, is in the implementation stage now. It talks about the core downtown area being even smaller than in the previous study—7t/Ohio/11`h/Scott. The question has come up regarding the possibility of expanding the 4B eligible area. Legal analysis will be provided in executive session. 9. Executive Session. Mr. Fidelie adjourned the meeting into executive session at 3:35 p.m. pursuant to Texas Government Code section 551.087. He announced the meeting back into regular session at 4:54 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. 10. Motions Half Pint III LLC's request for extension to existing funding agreement to renovate the building at 809 Ohio Mr. Leiker moved to extend the performance agreement between the 4BSTC and Half Pint III LLC to October 1. 2021. Seconded by Mr. Hatcher, the motion carried 6-0. Anchored DT LLC's request for extension to existing funding agreement to renovate the building at 620 Ohio Mr. Leiker moved to extend the performance agreement between the 4BSTC and Anchored DT LLC to August 1, 2021. Seconded by Mr. Clark, the motion carried 6-0. Museum of North Texas History's request regarding efforts to inventory contents of the former Railroad Museum Mr. Clark moved to award up to $7.500 to the Museum of North Texas History for the costs of items listed in the agenda. Seconded by Mr. Hatcher,the motion carried 6-0. Mr. Menzies noted the utility bills will come directly to the City and will be paid with 4B funds. Request by DWFD regarding use of the Lindeman Parking garage Mr. Fidelie moved to enter into an agreement \\ith DWFD for use of the Lindeman parking garage on March 4 and 5 under terms stated in the droll agreement. Further, he moved to permit individuals to park free of charge in the garage during the Art Walk event. He directed that staff and DWFD work to have similar terms for future downtown events. Seconded by Mr. Leiker. the motion carried 6-0. 11. Adjourn. The meeting adjourned at 4:59 p.m. Guv A. "1'ony`''l:idelie, Jr., President 4