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4B Sales Tax Corporation Minutes - 11/02/2023 MINUTES OF THE WICHITA FALLS 4B SALES TAX CORPORATION (WF4BSTC) NOVEMBER 2, 2023 PRESENT: Tony Fidelie, President § WF4BSTC Members Dave Clark § Darron Leiker § Michael Mills § Craig Reynolds § Stephen Santellana, Mayor § Mayor & City Councilors Bobby Whiteley, Mayor ProTem § R. Kinley Hegglund, Jr., City Attorney § City Staff Paul Menzies, Assistant City Manager § Blake Jurecek, Assistant City Manager § Russell Schreiber, Director of Public Works § Stephen Calvert, Senior Budget Analyst § Chris Horgen, Public Information Officer § Paige Lessor, Executive Legal Assistant § Jana Schmader, Executive Director § DWFD John Dickinson, Managing Member § Restoring the Past, LLC Lynn Walker, Writer § Times Record News Carol Murray, Candidate for Mayor § Pam Pak, Manager of Public Affairs § Atmos Energy Sam Pak, Candidate for City Council § District 4 Tom Taylor, Candidate for City Council § District 5 ABSENT: § Glenn Barham, 4B Vice President § Nick Schreiber, 4B Member § 1. Call to Order. Mr. Fidelie 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. Paul Menzies provided a summary of the financial condition, mentioning an upcoming sales tax remittance from the state expected the following week, which would close out the fiscal year. Mr. Menzies reported that there hadn't been much change in sales tax revenue, but interest earnings have compensated for it, leaving the Board in a stable financial position. He highlighted that the Board has around $8 million available for new projects. Mr. Fidelie thanked Mr. Menzies and opened the floor for questions. No further questions were asked or comments made about the financial report. 3. Consent Agenda a) Approval of Minutes of August 10, 2023. WF4BSTC Minutes Page 1 of 3 11/2/2023 Mr. Leiker moved to approve the minutes. Seconded by Mr. Clark and following no public comment, the motion carried 5-0. 4. Public hearing regarding a funding request from the City of Wichita Falls for the required 20% local match plus related ancillary costs to support a TxDOT grant to construct the section of the Circle Trail along the Wichita River between Camp Fire and Lucy Park. Mr. Fidelie opened the public hearing at 3:02 p.m. Mr. Schreiber presented the funding request and explained the details of the project. He described the proposed trail section, which would close the gap in the city's trail system between Campfire and Lucy Park. He discussed the significance of this section in completing the Circle Trail Loop and explained various elements contributing to the overall project cost, including retaining wall construction and landscaping. Mr. Schreiber stated that the estimated construction cost is $2.78 million, with an inflation factor of $227,000 and a TxDOT oversight cost of $417,000, making the overall estimated construction costs $3.4 million. The requested 20% local match is $685,000, potentially an additional $70,000 in advanced funding agreement contributions and costs for ADA inspection requirements, for a total of$760,688. Mr. Fidelie thanked Mr. Menzies and opened the floor for questions. Mr. Clark commented in support of the project, explaining the need for bicyclists to avoid Seymour Highway. Mr. Mills asked for confirmation that this section of the trail would connect the section by Loop 11 to the rest of the trail. Mr. Schreiber confirmed that it would connect that section. Mr. Fidelie confirmed the length of the section to be approximately 1,700 feet. No further questions were asked or comments made. Mr. Fidelie closed the public hearing at 3:08 p.m. 5. Public hearing regarding a request from Restoring the Past, LLC, for an extension to the existing agreement to assist in mechanical, electrical, and plumbing upgrades as part of the renovation of the existing building at 604 7th Street downtown. Mr. Fidelie opened the public hearing at 3:09 p.m. Mr. Menzies explained that the following two public hearings related to funding requests for building renovations downtown, clarifying that these are separate projects owned by the same entity. He explained that the requested extensions are for one year and indicated that the owner is ready to commence both projects. Mr. Fidelie asked for any comments or questions. No questions were asked or comments made. Mr. Fidelie closed the public hearing at 3:10 p.m. 6. Public hearing regarding a request from Restoring the Past, LLC, for an extension to the existing agreement to assist in mechanical, electrical, and plumbing upgrades as part of the renovation of the existing building at 608 7th Street downtown. Mr. Fidelie opened the public hearing at 3:10 p.m. Mr. Fidelie asked Mr. Menzies if he had anything further to add regarding the two projects. Mr. Menzies had no further comments. Mr. Fidelie then opened the floor for public comment. No comments were made or questions asked. Mr. Fidelie closed the public hearing at 3:10 p.m. WF4BSTC Minutes Page 2 of 3 11/2/2023 7. Executive Session. Mr. Fidelie adjourned the meeting into executive session at 3:10 p.m. pursuant to Texas Government Code sections 551.087, 551.071, and 551.072. He announced the meeting back into regular session at 3:29 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. 8. Consideration of a funding request from the City of Wichita Falls for the required 20°/0 local match plus related ancillary costs to support a TxDOT grant to construct the section of the Circle Trail along the Wichita River between Camp Fire and Lucy Park. Mr. Clark moved to provide funding up to $760,688 to the City for the 20% local match required for the 2023 TxDOT grant to assist in the completion of the section of the Circle Trail located along the Wichita River, West of Camp Fire, continuing east to Lucy Park. Seconded by Mr. Leiker, with the Chair abstaining, the motion carried 4-0. 9. Consideration of a request from Restoring the Past, LLC, for an extension to the existing agreement to assist in mechanical, electrical, and plumbing upgrades as part of the renovation of the existing building at 604 7th Street downtown. Mr. Leiker moved to grant an extension to January 31, 2025, for the Company to fulfill the terms of the existing performance agreement regarding the project at 604 7m Street, Downtown. Seconded by Mr. Clark, the motion carried 5-0. 10. Consideration of a request from Restoring the Past, LLC, for an extension to the existing agreement to assist in mechanical, electrical, and plumbing upgrades as part of the renovation of the existing building at 608 7th Street downtown. Mr. Fidelie moved to grant an extension to January 31, 2025, for the Company to fulfill the terms of the existing performance agreement regarding the project at 608 7th Street, Downtown. Seconded by Mr. Mills, the motion carried 5-0. 11. Adjourn. No further discussions took place, nor actions taken. Mr. Fidelie adjourned the meeting at 3:32 p.m. - re;,e-e Guy X. 'Ton Fidelie, Jr., President WF4BSTC Minutes Page 3 of 3 11/2/2023