4B Sales Tax Corporation Minutes - 04/29/2021 MINUTES OF THE
WICHITA FALLS 4B SALES TAX CORPORATION (4BSTC)
April 29, 2021
Present:
Tony Fidelie, President § Members
Glenn Barham, Vice-President §
Rick Hatcher, Secretary-Treasurer §
Darron Leiker §
Nick Schreiber §
Marie Balthrop, City Clerk §
Lindsay Barker, Dir., Communication & Marketing §
Terry Floyd, Director, Development Services §
R. Kinley Hegglund, Jr., City :\ttorncy §
Pat Hoffman, Property Administrator §
Blake Jurecek, Assistant City Manager §
Paul Menzies, Assistant Cit\ \tanager §
Jessica Williams, Director of Finance/CFO §
Linda Merrill, Recording Secretary §
Lynn Walker § Times Record News
Murphy Davis § Sentry Management
Murph Davis §
David Coleman §
Ann Arnold-Ogden § WF Arts and Alliance
Absent:
Dave Clark § Members
Michael Mills §
1. Call to Order.
Tony Fidelie called the meeting to order at 3:01 p.m.
2. Approval of Minutes of 4/1/21.
Rich Hatcher moved to approve the minutes. Seconded by Glenn Barham, the motion
carried 5-0.
3. Financial report.
Paul Menzies noted the Board has a $6.5 million unencumbered fund balance. Sales tax
receipts are still running ahead. The April receipts were down 14-1/2 percent. The State said the
drop could be related to month-to-month auditing, as well as the price/availability of building
materials.
Next month, staff will update the Board on the year-to-date spending for the Downtown
Improvement Grant Program, funded at $100,000 annually.
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4. Staff report on existing 4BSTC projects and programs including,but not limited to,
the Lindemann Parking Garage downtown.
Pat Hoffman said two sandwich board signs were ordered to advertise free parking at the
garage for certain events. They were used for Cajun Fest and will be used for the May 6 Art Walk.
There have been two more requests for parking spaces, bringing the total to three paying and two
County employees using the parking garage on a regular basis.
The Wichita Falls Arts Alliance has engaged a company to assist with advising on the type
of material to use to adhere the mural to the building.
Mr. Fidelie said he used the parking garage for Cajun Fest. It worked out great, and the
garage ww as \v ell-lit. There was some congestion due to the fact the gate on the west side does not
nwyc. Ms. Hoffman said she thought they both moved, but will check on that.
5. Update on the MPEC Conference Center/Hotel project.
Blake Jurecek provided an update on the hotel conference center. In December 2019, the
4BSTC approved a preconstruction agreement for$456,000. The Covid pandemic put any further
movement on this project on hold until late last year. The City has received good cost estimates
for the project. The Board will be asked today to consider two public hearings on June 3.
This project is a 200-room full-service Delta hotel by Marriott, to be owned and operated
by O'Reilly Hospitality Management, LLC,at a cost of$48 million paid by the private investor.
An approximately 35,000 square foot room attached to the facility will complement and extend
existing space at MPEC. It will be constructed and operated by O'Reilly but owned by the City,
at a cost of$19 million. Over the next few weeks/months,the City will be appropriating funds for
this conference center, and this Board will use its revenue to pay for it.
6. Executive Session.
Mr. Fidelie adjourned the meeting into executive session at 3:08 p.m.pursuant to Texas
Government Code section 551.087. He announced the meeting back into regular session at 3:52
p.m. The subjects posted in the Notice of Meeting were deliberated, and no votes or further
action were taken on these items in executive session.
7. Consider and adopt a resolution directing publication of notice of project and notice
of public hearing for the 4B hotel loan project.
Glenn Barham moved that the 4BSTC approve the resolution directing publication of
notice of project and notice of public hearing for the 4B hotel loan project. Seconded by Nick
Schreiber,the motion carried 5-0.
8. Consider and adopt a resolution directing publication of notice of project and notice
of public hearing for the 4B convention center bond project.
Rick Hatcher moved that the 4BSTC approve the resolution directing publication of notice
of project and notice of public hearing for the 4B convention center bond project. Seconded by
Nick Schreiber. the motion carried 5-0.
9. Adjourn.
The meeting adjourned at 3:54 p.m. / •
Gu` A.742( a-7-314-A4—?
ny" Fidelie, Jr., President
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