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4A Wichita Falls Economic Development Minutes - 09/02/2010MINUTES OF THE WICHITA FALLS ECONOMIC DEVELOPMENT CORPORATION September 2, 2010 Present: Gary Shores, President § Dick Bundy, Vice President/Sec.- Treasurer § Dave Lilley § Members Lanham Lyne § Gary McLendon § Glenn Barham, Mayor § City Council Darron Leiker, City Manager § Jim Dockery, Assistant City Manager /CFO § Kevin Hugman, Assistant City Manager § City Staff Miles Risley, City Attorney § Linda Merrill, Recording Secretary § Tim Chase, President § Chamber of Commerce & Industry Warren Ayres § Carla Bennett § Lindsay Greer § Convention and Visitors' Bureau Linda Beltchen § Sheppard Military Affairs Committee Tom Whaylen § Jeff Stambaugh § Lalani Center Cynthia Laney § Downtown Wichita Falls Development Andy Lee § Danny Ahern § 1. CALL TO ORDER President Gary Shores called the meeting to order at 4:03 p.m. 2. APPROVAL OF MINUTES FROM PRIOR MEETINGS (AUGUST 9, 2010 AND AUGUST 20, 2010) Dave Lilley moved, seconded by Gary McLendon, that the minutes of August 9 be approved. The motion carried. Dave Lilley moved, seconded by Dick Bundy, that the minutes of August 20 be approved. The motion carried. 3. SELECTION OF OFFICERS AS NECESSARY Lanham Lyyne moved, seconded by Mr. Lilley, that Gary Shores be reappointed as President of the Corporation. The motion carried. Mr. McLendon moved, seconded by Mr. L that Dick Bundy serve as Vice President /Secretary- Treasurer. The motion carried. E 4. FY 2010 -2011 BUDGET APPROVAL Business Plan Contest Jeff Stambaugh said the request this year is for $18,500 (last year's request was for $15,000). Fundraising efforts from the business community have raised $12,500 of the targeted $25,000. The contest ends in April. He is organizing an Angel Investor Group. The winner would get an opportunity to present to this group, where there is potential for significant funding. Expenditures for FY 2010 -11 total $1,111,707. The sum of $15.2 Million is encumbered for ongoing commitments, leaving an unreserved fund balance of $3.9 Million. Mr. Shores asked if the Board had to approve the budget today's. Mr. Hugman said it needs to be on the City Council's September 21 agenda, so there is still time for further review. Mr. Shores noted that approximately 33% of 4A funds go to non - direct economic development commitments. He has no problem with these commitments per se, but they are made with the understanding that the Board would continue them only if they are satisfied with the programs. Pride in the Falls Mr. Chase said a group consisting of himself, Carla Bolin, Cynthia Laney, Lindsay Greer and Kevin Hugman have worked together to spend the $250,000 granted toward this project in a wise manner. Ms. Bolin said they are on the cusp of making inroads into the Metroplex and Oklahoma corridor. The Blue Skies, Golden Opportunities brand is being recognized in a positive way. Downtown Wichita Falls Development Cynthia Laney said the marketing campaign has given downtown Wichita Falls credibility, visibility, and viability. Downtown Wichita Falls is working in conjunction with all entities, but also has its own marketing plan. They have seen increased attendance at City Lights, the St. Patrick's Day celebration, and the Cajun Festival. Dick Bundy asked if they promoted the Farmers' Market. Mr. Leiker said there is a core group of folks who lease and market it; the City's efforts need to be reviewed. Mr. Bundy said farmers' markets are seeing an increased use, locally and nationwide. There is a real opportunity to tie into downtown. Chamber of Commerce and Industry Mr. Chase said the Chamber of Commerce contracts with the 4A Board for the purpose of carrying out economic development services. The request of $285,868 would fund 100% of Kevin Pearson's salary; 50% of his own salary, and (an unspecified percentage of) the salary of Carla Bolin. Regional Marketing Task Force The Board approved $101,000 last year for this Task Force. The actual work exceeded this amount, and the Chamber funded the difference. This year, the request is for $118,000. The majority of the money would be spent toward building relationships with third parties, extending to Lawton, Austin, Dallas/Fort Worth and Houston. Mr. Chase will go to a CEO Club meeting later this month. This club offers great programs, and membership should consist of men and women who would be a receptive audience. Sheppard Military Affairs Committee Tom Whaylen said the Sheppard Military Affairs Committee request is no different than last year's request. The City of Electra will contribute $2,000 beginning next year. They are also initiating a capital campaign, and have contacted the Electra and Iowa Park school districts. Sheppard should come out better in the PUC intervention than could have been hoped. Oncor may move an already existing line whose location the Air Force did not like, and the new line may be routed even further away from the base. Efforts toward a joint land use study are underway, which would ensure that there are no incompatible land uses around the base. The NCO Academy should be in full operation next year, consisting of 215 students here six times a year for six -week periods. About 2.5 people per student will attend their graduation. A small preliminary Air Force Explosive Ordnance Disposal Unit will bring 11 permanent party jobs to Sheppard. A small welding force will also come from California. The Committee assumed the Adopted Squadron program this summer. There are 38 air force units; they find them a civic organization or business that wants to partner and interact with a squadron. 5. EXECUTIVE SESSION President Shores adjourned the meeting into executive session at 5:25 p.m. pursuant to TEXAS GOVERNMENT CODE § §551.071, 551.072, and 551.087.1 He announced the meeting back into regular session at 5:51 p.m. He noted that the subjects described in Footnote 1 were deliberated, and no action was taken on these subjects in executive session. 6. ADJOURN The next meeting was scheduled for Monday, September 13 at 4:00 p.m. The meeting adjourned at 5:52 p.m. Gary Sh es, President 1 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 potential projects for the development, retention, or expansion of bedding manufacturing, clutch manufacturing, aircraft manufacturing, washing machine manufacturing, medical device refurbishment, teleservice operations, coating manufacturing & distribution, gas compressor equipment manufacturing, latex -foam manufacturing, biodiesel manufacturing, and projects with other entities named in this agenda for creation and retention of primary jobs (as defined by Tex. Local Gov't Code § 501.002)). 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 to be used for the development, retention, or expansion of bedding manufacturing, clutch manufacturing, aircraft manufacturing, washing machine manufacturing, medical device refurbishment, teleservice operations, coating manufacturing & distribution, gas compressor equipment manufacturing, latex -foam manufacturing, biodiesel manufacturing, and projects with other entities named in this agenda for creation and retention of primary jobs (as defined by Tex. Local Gov't Code § 501.002)). 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 potential projects for the development, retention, or expansion of bedding manufacturing, clutch manufacturing, aircraft manufacturing, washing machine manufacturing, medical device refurbishment, teleservice operations, coating manufacturing & distribution, gas compressor equipment manufacturing, latex -foam manufacturing, biodiesel manufacturing, and projects with other entities named in this agenda for creation and retention of primary jobs (as defined by Tex. Local Gov't Code § 501.002)).