4B Sales Tax Corporation Notice - 07/19/2021 NOTICE OF MEETING
MEETING: Wichita Falls Type B Sales Tax Corporation (4BSTC) Board of Directors
DATE: July 19, 2021
TIME: 3:00 p.m.
LOCATION: City Council Chambers and/or City Council Conference Room; Memorial
Auditorium, 1300 7th Street; Wichita Falls, Texas
1. Call to Order.
2. Approval of Minutes from the meeting of June 3, 2021.
3. Financial report and other administrative actions, including, if necessary, induction of any
new board members.
4. Conduct a public hearing regarding a funding request from The Wichita County Heritage
Society related to the renovation of the Kell House Museum at 900 Bluff Street.
5. Executive Session in accordance with TEXAS GOVERNMENT CODE §551.087, to discuss or
deliberate the offer of a financial or other incentive, including modification to an existing
agreement, for a business prospect that the 4BSTC seeks to have, locate, stay, or expand in
or near the territory of the City of Wichita Falls and with which the 4BSTC is conducting
economic development negotiations for creation and retention of primary jobs (as defined
by TEX. LOCAL GOV'T. CODE §501.002).
6. Consider a funding request from The Wichita County Heritage Society related to the
renovation of the Kell House Museum at 900 Bluff Street.
7. Consider and approve a resolution of the Wichita Falls 4B Sales Tax Corporation
authorizing the issuance of the corporation's sales tax revenue bonds; establishing
procedures and delegating authority for the sale and delivery of the bonds; providing for
the security for and payment of said bonds; providing an effective date; and approving a
sales tax remittance agreement; and enacting other provisions relating to the subject.
8. Consider and approve a resolution of the Wichita Falls 4B Sales Tax Corporation
authorizing the 4B President to execute a performance agreement, in a form approved by
the Board's attorney, with OH-Wichita Falls, LLC, which would provide for a $2 million
forgivable loan and sales tax rebates related to the acquisition and construction by
developer of a hotel and a new full-service convention center hotel facility in the City of
Wichita Falls.
9. Adjourn.
Wheelchair or handicapped accessibility to the meeting is possible by using the handicapped
parking spaces and ramp located off the east parking lot on the 6th Street entrance nearest the
Council Chambers. There are additional handicapped parking spaces and ramp on 7th Street at the
main building entrance. Spanish language interpreters, interpreters for the hearing impaired,
Braille copies or any other special needs will be provided to any person requesting a special service
with at least 24 hours' notice. Please call the City Clerk's Office at 761-7409.
Certification
I certify that the above notice of meeting was posted on the bulletin board at Memorial Auditorium,
Wichita Falls, Texas, on the 15th day of July, 2021, at 2:45 o'clock p.m.
B6.
City Clerk 0
Every item on this agenda shall be considered a public hearing and citizens may appear at the
beginning of this meeting and request to speak on any item. Regardless of the agenda heading
under which any item is listed, any word or phrase of any item listed on this agenda shall be
considered a subject for consideration for purposes of the Texas Open Meetings Act and other
relevant law, and the Board of Directors may deliberate and vote upon any such subject and
resolutions related thereto. Any word, phrase, or other subject may be voted upon, regardless of
any language of limitation found in this agenda or any document referring to such action. In
addition to other items listed hereon, any item that has previously been discussed by this Board of
Directors may be discussed and deliberated and is herein added as a subject of this meeting without
further notice. Any item on this agenda may be discussed in executive session if authorized by
Texas law, regardless of whether any item is listed under "Executive Sessions" of this agenda,
regardless of any past or current practice of this Board of Directors. Executive sessions described
generally hereunder may include consideration of any item otherwise listed on the agenda plus any
subject specified in the executive session notice. Executive sessions described generally hereunder
are closed meetings, may include consideration of any item otherwise listed on the agenda plus
any subject specified in the executive session notice, and may include items under Texas
Government Code Sections 551.071, 551.072, 551.073, 551.074, 551.076, 551.084, and/or
551.087. The posting of this notice constitutes publication of all items described in this agenda for
purposes of Tex. Local Gov't Code § 505.160 and other provisions that establish minimum
expenditure time periods and the sixty-day petition time. Any descriptions of property or amounts
stated herein are descriptive and not restrictive, and property and amounts may be changed in the
motions, actions or documents without further public notice. In addition to other items described
herein, this board may perform all administrative actions appropriate for efficient corporation
operation, including, but not limited to, appointment of officers and receipt and review of reports
and memorandums. This agenda has been reviewed and approved by the attorney for the governing
body, and the presence of any subject or description in the Executive Session portion of this agenda
constitutes a written interpretation of Chapter 551 of the Texas Local Government Code by the
attorney for the governmental body indicating that said subject or description thereof may be
legally discussed in a closed meeting.
Findings:
The Board of Directors finds the items approved pursuant to this agenda are in full compliance
with the Bylaws and Articles of Incorporation of the Wichita Falls 4B Sales Tax Corporation and
the Texas Development Corporation Act of 1979 and are for:
1. projects that are land, buildings, equipment, facilities, and improvements and:
(A) are required or suitable for use for professional and amateur (including children's)
sports, athletic, entertainment, tourist, convention, and public park purposes and
events, including stadiums, ball parks, auditoriums, amphitheaters, concert halls,
parks and park facilities, open space improvements, museums, exhibition facilities,
and related store, restaurant, concession, and automobile parking facilities, related
area transportation facilities, and related roads, streets, and water and sewer
facilities, and other related improvements that enhance any of those items;
or
(B) promote or develop new or expanded business enterprises that create or retain
primary jobs, including a project to provide public safety facilities, streets and
roads, drainage and related improvements, demolition of existing structures,
general municipally owned improvements, as well as any improvements or
facilities that are related to any of those projects and any other project that the board
in its discretion determines promotes or develops new or expanded business
enterprises that create or retain primary jobs;
or
2. promotional expenditures that advertise and publicize the City of Wichita Falls for the
purpose of developing new and expanded business enterprises;
or
3. the development, improvement, expansion, or maintenance of facilities relating to the
operation of commuter rail, light rail, or motor buses;
or
4. the development or expansion of"affordable housing" as described by 42 U.S.C. § 12745.
Allocations and Authorizations:
With respect to the Project(s) funded herein, the Board of Directors:
1. allocates the funds authorized on the preceding page, subject to the expiration of 60 days
after the posting of this notice, which shall constitute "publication" for purposes of the
notice provisions of the Texas Development Corporation Act of 1979,
2. amends the budget of this corporation to provide for the allocated expenditure from the
current budget fiscal year (or different budget fiscal year as specified in the action),
3. authorizes the President of this corporation to execute all documents necessary to expend
the funds allocated pursuant hereto and otherwise effectuate all approved actions,in a form
to be approved by the City Attorney of the City of Wichita Falls, and
4. appoints the City of Wichita Falls as agent for the Wichita Falls 4B Sales Tax Corporation,
and authorizes the City Manager and Chief Financial Officer of the City of Wichita Falls
to expend the funds allocated herein.