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4A Wichita Falls Economic Development Minutes - 08/25/2011MINUTES OF THE WICHITA FALLS ECONOMIC DEVELOPMENT CORPORATION August 25, 2011 PRESENT: Gary Shores, President Dick Bundy, Vice President/Sec.- Treasurer Lanham Lyne Gary McLendon Darron Leiker, City Manager Kevin Hugman, Asst. City Manager Jim Dockery, CFO /Asst. City Manager Miles Risley, City Attorney Ramona Coln, Recording Secretary Tim Chase, President Kevin Pearson, Vice President Linda Beltchev Tom Whaylen Jeff Stambaugh Cynthia Laney Carla Bolin Mark Stuebe Kip Cummings Mike Bernhardt Mark Kibby ABSENT: Dave Lilley 1. CALL TO ORDER § Members RECEIVED IN § CITY CLERK'S OFFICE § DATE: § BY: -- TIME: § C>ty Staff § Chamber of Commerce & Industry § Sheppard Military Affairs Committee § Lalani Center § Downtown Wichita Falls Development § Pride in the Falls § Wichita Clutch § Arrow Manufacturing § Ameri -Kal Vitamin Manufacturing § Member President Gary Shores called the meeting to order at 3:05 p.m. 2. APPROVAL OF MINUTES (.TUNE 8, 2011) Mr. Bundy moved, seconded by Mr. Lyne, that the minutes of June 8 be approved. The motion carried. H: \_legal \4A & 4B \4A Corp\Minutes\201 1\8.25.1 1\2011.8.25 - 4a minutes.doc \dFEDC — Minutes of August 25, 2011 2 3. FY 2011 -2012 BUDGET APPROVAL Business Plan Contest Mr. Stambaugh said the request this year is for $27,500 (last year's request was for $18,500). He stated the winners for this years contest are First Place — Kenny's All Purpose Seasoning, Second Place — Texas Casket Company, and Third Place — Big League Dirt. Sheppard Military Affairs Committee Mr. Whaylen said the Sheppard Military Affairs Committee request is for $100,000. We have received some monies from the City of Iowa Park, Burkbumett, and Electra. Federal budget cuts have not been finalized but we need to make every effort to increase the value of Sheppard Air Force Base to avoid a shut down. Efforts toward a joint land use study are underway, which would ensure that there are no incompatible land uses around the base Pride in the Falls Ms. Bolin presented a power point presentation showing the five campaign goals and showed the return on the investment the campaign has received. Pride in the Falls is requesting $250,000, the same amount as last year. Downtown Wichita Falls Development (DWFD) Ms. Laney said the marketing campaign has given downtown Wichita Falls a huge boost. The pamphlets and maps created with 4A funds from last year have been a great asset for tourism. The attendance at downtown events has increased immensely. She stated they have added 49 new and renovated businesses this year. DWFD is seeking $75,000 for this budget year. Chamber of Commerce and Industry (CCI) Mr. Chase said the Chamber of Commerce contracts with the 4A Board for the purpose of carrying out economic development services. The request of $383,889 ($285,868 last year's request) would fund 50% for the President (Tim Chase) salary, 100% of VP of Economic Development (Kevin Pearson) salary; 100% for the VP of Workforce Development (Michael Paris) and 100% for the VP of Marketing (Carla Bolin). The request for $100,000 will provide funds for the Regional Marketing Taskforce. The total contract for 2011 -2012 is $483,889. 3. Wichita Clutch Test Stand Project Mr. Stuebe and Mr. Cummings presented a brake for wind turbines to be assembled here in Wichita Falls. Once production is approved, an additional 20 -25 employees will need to be hired. Proposed incentives in an amount of up to $300, 000 was made. NGFEDC — Minutes of August 25, 2011 4. Amer -Kal Vitamin Manufacture Project Mr. Kibby is seeking up to $50,000 to expand this plant. We currently have 28 employees. We are looking at two new contracts which will require additional labor. We have added an additional 15,000 square feet to our building and are entertaining an option to purchase adjacent land to add another 30,000 square feet. 5. Arrow Manufacturing Machine Shop Project Mr. Bernhardt is expanding this business and has recently purchased the old Washex building. He is asking for proposed incentives up to $50,000 to help in this expansion. We have designed a portable control tower on paper and are about to start production on a proto type. The FAA has stated that if this control tower works, they will purchase. We currently have 30 -31 employees and will need to hire an additional 30 -50 more once this project takes off. 6. Sheppard AFB Electric Transmission Line Settlement Intervention Project Mr. Risley explained this project is requesting up to $20,000 to provide for representation of the interest of the City and other governmental and private interest that are aligned concerning the movement of electric transmission lines away from the initial approach to SAFB. Unused funds will be reprogrammed on October 1, 2012. EXECUTIVE SESSION Mr. Shores adjourned the meeting into executive session at 4:54 p.m. pursuant to TEXAS GOVERNMENT CODE § §551.071, 551.072, 551.074 and 551.087. He announced the meeting back into regular session at 6:04 p.m. He noted that the subjects posted in the Notice of Meeting were deliberated, and no action was taken on these items in executive session. Mr. Lyne moved that the Memo of Understanding (MOU) between the WFEDC and Warner Electric (Wichita Clutch) be approved. Seconded by Mr. Bundy, the motion carried. Mr. Lyne moved that the MOU between the WFEDC and Ameri -Kal be approved. Seconded by Mr. McLendon, the motion carried. Mr. Bundy moved that the MOU between the WFEDC and Arrow Manufacturing be approved. Seconded by Mr. Lyne, the motion carried. Mr. Lyne moved that the MOU between the WFEDC and SAFB Electric Transmission Line Settlement Intervention Project be approved. Seconded by Mr. McLendon, the motion carried. WFEDC — Minutes of August 25, 2011 7. FY 2011 -2012 Budget Approval Mr. Lyne moved for approval of the budget as presented, with modification to reduce the amount for Downtown Wichita Falls Development to $50,000 plus matching funds available up to 12,500. Seconded by Mr. Bundy, the motion carried. Tim Chase gave an update on Natura, Latex, Buy Dental Carter Copter, and Excalibur. 6. ADJOURN The meeting adjourned at 6:10 p.m. A/// ary ShgWs, President