4B Sales Tax Corporation Minutes - 07/19/2021 MINUTES OF THE
WICHITA FALLS 4B SALES TAX CORPORATION (4BSTC)
July 19, 2021
Present:
Tony Fidelie, President § Members
Rick Hatcher, Secretary-Treasurer §
Dave Clark §
Darron Leiker §
Michael Mills §
Nick Schreiber §
Bobby Whiteley, Councilor at-Large § Mayor and Council
Lindsay Barker, Dir., Communication & Marketing §
R. Kinky Hegglund, Jr., City Attorney §
Blake Jurecek, Assistant City Manager §
Jessica Williams, Director of Finance/CFO §
Linda Merrill, Recording Secretary §
Murphy Davis § Sentry Management
Murph Davis §
Tom Taylor §
Delores Culley § Wichita County Heritage Society
Lynn Walker § Times Record News
Absent:
Glenn Barham, Vice-President § Member
1. Call to Order.
Tony Fidelie called the meeting to order at 3:00 p.m.
2. Approval of Minutes of 6/3/21.
Dave Clark moved to approve the minutes; such motion was seconded by Nick Schreiber.
Rick Hatcher requested his statement be revised regarding the demolition bid estimates for 713
Indiana. Mr. Fidelie suggested he provide the revision to the recording secretary. Mr. Clark
amended his motion to approve the minutes as revised. Seconded by Mr. Schreiber, the amended
motion carried 6-0.
3. Financial report.
Blake Jurecek noted that the financial report had been provided to the Board by Paul
Menzies in its meeting packet. He offered to answer any questions. (The July 2021 sales tax
payment was up nearly 10% from the same month a year ago. Sales tax revenue is running 13%
ahead for the year. The Board is estimated to have an unreserved fund balance of$6.3 million by
the end of the year.)
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.
Mr. Fidelie opened the public hearing at 3:02 p.m. Delores Culley, Executive Director of
the Wichita County Heritage Society,asked the Board for reinstatement of a grant allotted in 2017
for the Kell House Museum rehabilitation. Reinstatement of the grant is necessary since the time
provided pursuant to the agreement has lapsed. They currently have $756,000 in pledges. The
actual quote for the work has changed because the Heritage Society has expended $91,000 in
costs, particularly due to Texas Historical Commission (THC) requirements. The new quote is
$1,061,168. There are additional grants pending, as well as money from the THC. There being no
further discussion on this item, Mr. Fidelie closed the public hearing at 3:05 p.m.
5. Executive Session.
Mr. Fidelie adjourned the meeting into executive session at 3:05 p.m. pursuant to Texas
Government Code section 551.087. He announced the meeting back into regular session at 3:44
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.
6. Consider a funding request from The Wichita County Heritage Society related to the
renovation of the Kell House Museum at 900 Bluff Street.
Mr. Leiker moved to approve the original grant of $100,000 to the Wichita County
Heritage Society(WCHS)for the renovation of the Kell House Museum,predicated on the WCHS
obtaining $900,000 in total contributions by August 2022. Seconded by Mr. Clark, the motion
carried 6-0.
7. Consider and approve a resolution authorizing the issuance of the 4BSTC's sales tax
revenue bonds.
Mr. Fidelie moved for approval of the resolution authorizing the issuance of Wichita Falls
4B Sales Tax Corporation 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 enacting other provisions relating to the subject. Seconded
by Mr. Leiker,the motion carried 6-0.
8. Consider and approve a resolution authorizing the 4B President to execute a
performance agreement with OH-Wichita Falls, LLC.
Mr. Leiker moved to 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. Seconded by Mr.
Clark, the motion carried 6-0.
9. Adjourn.
The meeting adjourned at 3:48 p.m.
'Ti-
Guy At. "T "Fidelie, Jr.,President
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