4B Sales Tax Corporation Minutes - 12/01/2022 MINUTES OF THE
WICHITA FALLS 4B SALES TAX CORPORATION (4BSTC)
December 1,2022
Present:
Glenn Barham, Vice President § Members
Rick Hatcher, Secretary-Treasurer § -'
Dave Clark §
Darron Leiker §
Nick Schreiber §
Michael Mills §
Stephen Santellana,Mayor § Mayor& City Council
Bobby Whiteley, Mayor Pro Tem §
R.Kinley Hegglund, Jr., City Attorney § City Staff
Paul Menzies,Assistant City Manager §
Jessica Williams, CFO § -
Chris Horgen, Public Information Officer §
Paige Lessor,Recording Secretary §
Jana Schmader § DWFD
John Dickinson § Restoring the Past, LLC
Lynn Walker, Writer § Times Record News
Absent: -
Tony Fidelie, President § 4B Member
1. Call to Order.
Mr. Barham called the meeting to order at 3:00 p.m.
2. Report of financial condition (current, past & planned budget& expenditures); and
other administrative actions
Mr. Menzies addressed the Board and stated he had the latest sales tax information in the
Board's packet.The fiscal year was closed out in October, so the revenue received this month from
sales tax reflects September's receipts,the last month of the previous fiscal year.Revenue equaled
about $5.2 million for the 2022 fiscal year, about half a million dollars more than last year. The
Board has budgeted approximately $5.1 to $5.2 million for this year. The Corporation has about
$7.4 million available for new projects, including the three projects approved at the last meeting.
Mr. Menzies stated that he and Ms. Williams were available for questions. No questions were
asked.
Mr.Mills moved to accept the financial report as presented.Seconded by Mr. Clark,motion
carried 6-0.
3. Consent Agenda
a) Approval of Minutes of October 13,,2022.
The Board reviewed the Minutes. No additions or corrections were proposed.
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Mr. Clark moved to accept the Consent Agenda. Seconded by Mr. Leiker, the motion
carried 6-0.
4. Public hearing regarding a funding request from Restoring the Past, LLC, to assist
in mechanical, electrical, and plumbing upgrades as part of the renovation of the
existing building at 608 7th Street downtown.
Mr. Barham opened the public hearing at 3:02 p.m.
Mr. John Dickinson with Restoring the Past, LLC, introduced himself to the Board. He
explained the project's history and stated that in 1912 when travel by railroad was popular, this
building had rooms for rent. The rooms are too small to be made into apartments, so they decided
to design offices upstairs. It is a great building and is next door to another project with WF4BSTC.
He further explained that he had submitted the project to federal and state agencies for approval
and is waiting to hear back. Then he must go through Landmark and the inspection department.
Mr. Barham noted that there were bids from two plumbers and two electricians and asked Mr.
Dickinson if he had formalized anything with any of those companies. Mr. Dickinson explained
he had received estimates from electricians, plumbers, and HVAC companies.
Mr. Dickinson explained that the property had housed many types of businesses, including
offices, restaurants, lodging, and many more. They chose this building because it is located in a
fast-growing area and is small enough to afford the restoration. He directed the Board's attention
to a rendering of what the building will look like when the renovation is complete. He stated they
would have to rebuild the transom windows and storefronts. The total project will cost about
$495,000,and he is requesting$49,000.They hope to finish the project in a year,but because they
are waiting on state and federal approval, they think it could take up to 18 months. Mr. Hatcher
noted that Mr. Dickinson seemed to get a better deal on air conditioning unit purchases with this
project than the last one. No other questions or comments were made.
Mr. Barham closed the public hearing at 3:08 p.m.
5. 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 3:48
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 Restoring the Past, LLC, to assist in mechanical,
electrical, and plumbing upgrades as part of the renovation of the existing building
at 608 7th Street downtown.
Mr. Hatcher moved to approve funding in the amount of $49,000, provided that a
certificate of occupancy is issued within 12 months of the execution date of the contract in the
form of a five-year forgivable loan. Seconded by Mr. Clark, motion carried 6-0.
7. Adjourn.
Mr. Barham adjourned the meeting at 3:50 p.m.
Guy/"4t-4-4r—To idelie, Jr., President
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