4A Wichita Falls Economic Development Minutes - 12/17/19984*'
4A Economic Development Corporation
Board of Directors Meeting
Minutes
City Council Conference Room
December 17, 1998
Members: Present Absent:
Gary Shores
Ron Bullock
Ray Clymer, Jr.
Lou Rodriguez
Bo Stahler
City Staff: Jim Berzina, City Manager
Robert Powers, Assistant City Manager
Greg Humbach, City Attorney
Others Present: Ron Mertens, BCI
The meeting was called to order at 11:00 a.m. by Mr. Shores
Approval of the Minutes. Mr. Clymer moved and Mr. Bullock seconded that the
minutes of the August 4, 1998 meeting be approved. Motion carried
unanimously (Dr. Rodriguez was not present).
Consider Selection of Auditor for FY 1998. Mr. Shores noted that the Board had
received a copy of a proposal from Mathis, West, Huffines & Co. (MWH) to do
the audit for the 4A finances. He stated that he had spoken with MWH about the
reasonableness of their proposal. Mr. Stahler asked Mr. Powers if the City
normally bid these types of services. Mr. Powers responded yes. MWH was
recently awarded the contract for the City for another term. They have been the
City's auditors for many years.
Mr. Shores asked if there would be a problem with coordination or timing if the
Board were to chose to solicit bids. Mr. Powers said he did not think so. It was
the consensus of the Board that to do so would not result in any significant
savings. Mr. Clymer moved and Mr. Stahler seconded that the proposal from
Mathis, West, Huffines, & Co. be approved. Motion carried unanimously (Dr.
Rodriguez was present).
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• ' 4A Economic Development Corporation
Meeting Minutes
December 17, 1998
Page 2 of 2
Financial Report. Mr. Powers reviewed the financial report and distributed an
updated report which reflected the receipt of the December sales tax allocation
which represents sales in October. The amount of $161,377 is 8.8% higher than
the previous three -year average.
The Board discussed with Mr. Mertens the current status of the APAC project
which was approved by the Board last year. Mr. Mertens felt that it still had
some potential, but not great. The Board noted that the current FY99 budget
should reflect the carryforward of the $400,000 approved for the project in the
FY98 budget.
After discussion, Mr. Clymer moved and Mr. Bullock seconded that the Board
rescind their approval of this project, noting that if it were to come back, they
should treat it as a new project. Motion carried unanimously. Mr. Berzina noted
that the Council would need to approve amendment of the 4A budget.
Mr. Stahler moved and Mr. Clymer seconded acceptance of the financial report.
Motion carried unanimously.
Other Business. The Board discussed with Mr. Mertens the current status of
potential prospects and /or projects.
The meeting adjourned at 11:25 a.m.
ec rding Secretary Secretary- Treasurer
RECEIVED IN
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