4A Wichita Falls Economic Development Minutes - 02/08/1999MINUTES OF THE
4A SALES TAX CORPORATION
February 8, 1999
Present: Absent:
Members: Gary Shores Lou Rodriguez
Ray Clymer
Ron Bullock
Bo Stahler
City Staff: Kay Yeager, Mayor
Jim Berzina, City Manager
Robert Powers, Assistant City Manager
Gregory D. Humbach, City Attorney
Linda Merrill, Recording Secretary
Others Present: Ron Mertens, BCI
Tim Chase, BCI
Gary Shores called the meeting to order at 11:00 a.m. He then called for approval of the
December 17, 1998 minutes. Ray Clymer moved, and Ron Bullock seconded, that the minutes
be approved with one minor correction. The members unanimously approved the motion.
The Board then moved on to Item III of their agenda, consideration of an amendment to the
fiscal year 1998 -99 budget. The Board of Commerce and Industry had requested economic
assistance from the Board for administrative expenses related to evaluation, analysis and /or
other technical studies of potential economic development prospects of projects. After
discussion, Bo Stahler moved that the Board approve the request by the BCI of $30,000 for
improvement costs associated with any particular project. Ron Bullock seconded the motion,
which carried unanimously.
Robert Powers then turned the Board's attention to Item IV, financial report. Mr. Powers
noted that the preliminary audit was completed, and the full audit should be available in a
couple of weeks. Mr. Bullock asked if the auditors had any suggestions for the Board, and Mr.
Powers replied they noted the Board's audit might be able to be consolidated with the City's in
the future since the two entities are so closely tied together. This would reduce the Board's
expenses for the annual audit.
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4A Economic Development Corporation February 8, 1999 Meeting Minutes Page 2 of 2
Mr. Powers then informed the Board that the City is expecting to receive the check Friday
representing the receipt of the sales tax allocation for the quarter ending December 1998,
which should serve as an indicator of the year. The proceeds for the month of January
reflected a reduction.
Mr. Powers informed the Board that Dr. Rodriquez had to be in Austin today.
The meeting adjourned at 11:10 a.m.
Recording Secretary Secretary- Treasurer
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