4A Wichita Falls Economic Development Minutes - 02/15/2024 MINUTES OF THE
WICHITA FALLS ECONOMIC DEVELOPMENT CORPORATION
FEBRUARY 15, 2024
PRESENT:
David Toogood, Vice President § WFEDC Members
Phyllis Cowling, Secretary-Treasurer §
Darron Leiker §
Paul Menzies, Assistant City Manager § City Administration
Blake Jurecek, Assistant City Manager §
Kinley Hegglund, City Attorney §
Stephen Calvert, CFO/Director of Finance
James A. McKechnie, Deputy City Attorney §
Terry Floyd, Dir. of Development Services §
Chris Horgen, Public Information Officer §
Paige Lessor, Legal Asst/Recording Secretary §
Ron Kitchens, CEO § Wichita Falls Chamber of Commerce
Moriah Williams, Partner §
Vicki Pratt, Partner §
ABSENT: §
Leo Lane, President § WFEDC Member
Brent Hillery § WFEDC Member
1. CALL TO ORDER
Mr. Toogood called the meeting to order at 2:40 p.m.
2. CONSENT AGENDA
a. Approval of Minutes (January 18, 2024)
Ms. Cowling moved to approve the Minutes as presented. Seconded by Mr. Leiker, the
motion carried 3-0.
b. Financial Report
Mr. Menzies reminded the Board that Mr. Calvert had provided them with an analysis of
sales tax. He highlighted the current challenges compared to the previous year. Despite this,
interest income appears to be compensating for any shortfalls in sales tax revenue. He further
stated that approximately$11.2 million in unencumbered funds were available, providing flexibility
for potential new projects.
3. DISCUSSION AND POSSIBLE ACTION AUTHORIZING THE SALE OF 28+ ACRES AT THE WICHITA
FALLS BUSINESS PARK FROM THE WICHITA FALLS ECONOMIC DEVELOPMENT CORPORATION
(WFEDC) TO BHD LAND DEVELOPMENT LLC (BHD), THE REIMBURSEMENT TO BHD IN AN
WFEDC MINUTES 2/15/2024
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AMOUNT NOT TO EXCEED$2.8M FOR THE DESIGN AND CONSTRUCTION OF THE EXTENSION OF
PRODUCTION BLVD AND RELATED UTILITIES, AND AUTHORIZING THE WFEDC BOARD CHAIR
TO SIGN ALL RELATED DOCUMENTS.
Mr. Toogood opened the floor for any questions or comments on the agenda item before
adjourning into executive session. No questions were asked nor comments made.
4. EXECUTIVE SESSION
Mr. Toogood adjourned the meeting into executive session at 2:42 p.m. pursuant to Texas
Government Code§§ 551.087 and 551.072. He announced the meeting back into regular session
at 3:46 p.m. The subjects posted in the Notice of Meeting were deliberated, and no votes or
further actions were taken on the items in executive session.
5. MOTIONS
THE SALE OF 28+ACRES AT THE WICHITA FALLS BUSINESS PARK FROM THE WICHITA FALLS
ECONOMIC DEVELOPMENT CORPORATION (WFEDC)TO BHD LAND DEVELOPMENT LLC (BHD), THE
REIMBURSEMENT TO BHD IN AN AMOUNT NOT TO EXCEED $2.8 MILLION FOR THE DESIGN AND
CONSTRUCTION OF THE EXTENSION OF PRODUCTION BLVD AND RELATED UTILITIES
Mr. Leiker made a motion to authorize the sale of parcel number 9560110100, totaling
approximately 28 acres in the Wichita Falls Business Park in the amount of $1,966,407 from the
Wichita Falls Economic Development Corporation to BHD Land Development, and the
reimbursement to BHD in an amount not to exceed $2.8 million for the design and construction of
the extension and Production Boulevard and related utilities, and authorized Wichita Falls
Economic Development Corporation board chair to sign all related documents.
With no further comments, public discussion, or questions and a second by Ms. Cowling,
the motion carried 3 - 0.
6. ADJOURNED.
Mr. Toogood asked if the public had any questions or comments. Since there were none,
he adjourned the meeting at 3:48 p.m.
David Toogood, Vice-President
WFEDC MINUTES 2/15/2024
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