4A Wichita Falls Economic Development Minutes - 08/04/2009MINUTES OF THE
WICHITA FALLS ECONOMIC DEVELOPMENT CORPORATION
PRESENT:
Gary Shores, Chairman
Gary McLendon
Dick Bundy
Lanham Lyne
Matt Benoit, Assistant City Manager
Linda Merrill, Recording Secretary
Tim Chase, President
Kevin Pearson, VP, Economic Dev.
ABSENT:
Dave Lilley
I. CALL TO ORDER
AUGUST 4, 2009
§
§ Members
§ City Staff
§ Chamber of Commerce & Industry
§ Members
The meeting was called to order at 11:11 a.m.
II. APPROVAL OF MINUTES —MARCH 2, 2009
Dick Bundy moved, seconded by McLendon, that the minutes of the March 2, 2009
meeting be approved. The motion unanimously carried.
(Note: the Board moved directly to Item IV after Item II.)
IV. EXECUTIVE SESSIONS'
Executive Session in accordance with TEXAS GOVERNMENT CODE §551.071, consultation with attorney on
matter involving pending or contemplated litigation or other matter in which the duty of the attorney to the
governmental body under the Texas Disciplinary Rules of Professional Conduct of the State Bar of Texas
clearly conflicts with the Texas Open Meetings Act (including, but not limited to, legal issues related to Carter
Copter & proposed incentives for creation of primary jobs (as defined by TEX. LOCAL Gov'T CODE §501.002)
in aviation industry).
Executive Session in accordance with TEXAS GOVERNMENT CODE §551.087, to discuss or deliberate the offer of
a financial or other incentive to a business prospect that the WFEDC seeks to have, locate, stay, or expand in or
near the territory of the City of Wichita Falls and with which the WFEDC is conducting economic development
negotiations (including, but not limited to, Carter Copter & proposed incentives for creation of primary jobs (as
defined by TEX. LOCAL Gov'T CODE §501.002) in biodiesel and aviation industries).
WFEDC — Minutes of August 4, 2009
Chairman Shores adjourned the meeting into executive session at 11:12 a.m., pursuant to
TEXAS GOVERNMENT CODE sections 551.071, 551.087, and 551.072.
He announced the meeting back into regular session at 12:13 p.m.
III. CARTER COPTER CONSTRUCTION PROJECT — PROPOSED INCENTIVES
FOR CARTER AVIATION TECHNOLOGIES
Lanham Lyne recused himself from this discussion, and filed a Conflict of Interest form
with the Office of the City Clerk.
Dick Bundy moved seconded by Gary McClendon, that the 4A Board recommend to the
City Council the expenditure of 4A monies in the amount of up to $500,000 of costs for land,
buildings and/or equipment for aircraft research development and manufacturing in n conjunction
with the Carter Copter Construction Project. The motion unanimously carried.
V. ADJOURN
The meeting adjourned at 12:15 p.m.
Gary S ores, Chairman
Executive Session in accordance with TEXAS GOVERNMENT CODE §551.072, to deliberate the purchase,
exchange, lease, or value of real property interests due to the fact that deliberation in an open meeting would
have a detrimental effect on the position of the City in negotiations with a third party (including, but not limited
to, the purchase and/or value of various real property interests in the vicinity of the business park and/or
airport(s)).