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TIF #3 Board of Directors Minutes - 12/16/2025 MINUTES Tax Increment Financing #3 Board December 16, 2025 PRESENT: Kenneth Haney, Chairperson •Member Councilman Tom Taylor •Member Mark Beauchamp, Wichita Co. Commissioner •Member Ray Dixon, Jr. •Member Barry Mahler, Wichita Co. Commissioner •Member Monica Aguon, Deputy City Attorney •Legal Dept. Fabian Medellin, Development Services Director •Staff Liaison Rita Miller, Neighborhood Services Manager •City Staff Karen Montgomery-Gagne, Principal Planner •Staff Liaison Marquise Blue, IT Department •City Staff Michael Davis, Community Center Coordinator •City Staff Jack Browne •P&Z Commissioner ABSENT: Councilman Robert Brooks •Member Sandra Gross •Member CALL TO ORDER Now The meeting was called to order by Chairperson Mr. Kenneth Haney at 5:36 p.m. Chairperson Haney noted the achievements of local athletics. Jacob Rodriguez has won numerous 2025 National Football awards as a defensive player and was the 5th place finalist for the Heisman Trophy. Also noted was Midwestern State University, Division II Men's Soccer Team, becoming National Champions. This being the Mustangs' first national championship in program history. II. APPROVAL OF MINUTES Commissioner Mark Beauchamp made a motion to adopt the November 20, 2025, minutes and Councilman Tom Taylor seconded the motion. Chairman Haney asked if anyone had any comments, and no additional comments were made. Chairman Haney took the motion to vote, and it was approved unanimously 5-0. III. FINANCIAL UPDATE Director of Development Services, Fabian Medellin gave a financial update where the TIF board is after the actions after the last meeting. This is an annual breakdown over the last three years of contributions from the city and from the county, as well as accrued interest over that time period. As of now there is $1.5 million in the account. The allocation breakdowns of how the funds are to be dispersed are: 40% intended for private fund projects ($636,000); 40% intended for public fund projects ($636,000); and 20% allocation for discretionary projects ($318,000). At the last meeting there were two action items that were voted on and approved. The Facade Improvement and Professional Assistance Grant that was approved from the discretionary funds in the amount of$200,000. There was also a civic art initiative that was allocated from the public funds in the amount of$75,000. Then prior to Tax Increment Financing#3 Board Meeting PAGE 2 December 16,2025 that,there were the two initial applications that were received,totaling $20,000. (Zoom Zoom 5/Nael Trading LLC. and House of Empowerment; private funds);there is$616,000 available *40 for private projects, $561,000 for public projects and $118,000 for discretionary funds. There was some discussion on how the money is invested, and it was asked if they can be more strategic in their investments to increase interest earned. Director Medellin said he would bring it to the attention of our Finance Director, to see if there is a more aggressive strategy to increase the return. Commissioner Beauchamp noted that the way to invest with public funds is safety/security first, then liquidity and then finally yield. But the fact that we are looking at half the yield we got two years ago, if we can't do better. Additional questions were asked about the fund investments, and Director Medellin said he could send an informational email to the board members. It was noted by legal that they would want to avoid any walking forums. Chairman Haney asked if there were any questions from the audience. Commissioner Beauchamp stated that government pools do allow you liquidity, and it is a good place to park money if you are needing liquidity. But in this case, that is not the main goal so you can look at longer term investments for this fund. IV. DISCUSSION OF THE PROPOSED PROGRAMS: Commercial Renewal, New Economic Opportunities, and Demolition Assistance. Director Medellin wanted to present these proposed programs for a second time, to get additional feedback from the public and to get some direction from the board to see if the programs are at least viable, to get some specifics on what the board would like to see, and to look at actually taking action to allocate more funds for these future programs. The board was presented an 11X17 handout that had pages of maps of the TIF#3 zone. The first page was of vacant parcels and had different sub areas identified and numbered 1-7. The next few pages were maps with a closer look at those 1-7 subsets. The maps showed general location map and floodplain. He reminded the board that there were 400 plus vacant properties discussed in the September update, now twelve of those lots are city owned. A few of those are "not-for-sale-properties" because they were acquired after one of the floods with FEMA funds and FEMA will not allow us to sell those. He stated that there are a wide range of clusters, of partials, and added that the initiative would essentially eliminate obstacles for a potential commercial developer to allow the city to do the lead work. Essentially acquiring one of these clusters, or portions of these clusters, through the various property owners. Thus, allowing us to combine them to promote and advertise a large tract of land, or sizeable tract of land, suitable for commercial development. When the land is sold, the net proceeds from the sale will come back to the board to invest again. It was asked who the broker would be, and Director Medellin said the City of Wichita Falls' Property Management Administrator would likely be used in that position. The different subsets/areas were discussed, and subsets one and seven were found to have a lot of potential with the already established businesses in those areas, the higher traffic and the history that would aid in adding development there. Subset one would be good for a strip mall or additional medical offices and seven would be excellent for industrial, particularly shipping and receiving warehouses. Director Medellin mentioned Forward Falls and said he would reach out to them, as they are working on their urban core initiative, which is broader than our typical greater downtown redevelopment goals, which may cross over and apply to some of these areas. .4400 Tax Increment Financing#3 Board Meeting PAGE 3 December 18,2025 Creating a subcommittee to come up with some recommendations for the board to act on was discussed. 1110. Councilman Brooks said he would like it if Vernon College could be brought in as an option, to bring a campus to the TIF#3 zone. Commissioner Mahler said there are no formal discussions about that happening, but it is being discussed and they are looking at all of their options, and this area maybe should be another option. Director Medellin continued on to the next program, Commercial Renewal. Within the TIF zone, there are neglected and deteriorated commercial properties, but the land they sit on is still suitable for new commercial development. This program would look at acquiring one of these commercial properties that have a dilapidated structure on them, demolish them, and then set that piece of land up for its next life. The zone has 183 parcels that have non- residential structures on them, that would be everything from multifamily use,to churches, to convenience stores, and even a few industrial uses. Some of these parcels are already suitable for commercial redevelopment, it's just that there is an old structure there. This may be an opportunity to step in and then create some new re-development on the site. Director Medellin gave the board the suggestion of allocating $225,000, which would allow for the acquisition and potential demolition of one of those structures. Depending on which site is selected, that will determine how many. He said he has looked at some sites with an appraisal of about $100,000, and he felt that for a building with that value, it could be demolished for roughly the same amount. Noting that it will vary from building to building. He told the board he would like to get their insight on the overall concept. Commissioner Beauchamp said if you pick a subset (using subset one as a suggestion) and cleared everything off those properties, replatted them into one plat, and then set it up for sale as a commercial piece of property, there would be added value. It was noted the City's Code Compliance Division identifies nuisance structures that are unsuitable for habitation, and they begin the lengthy legal notification/search warrant process which results in City Council determination to either order repair or demolition of the structure. (This can be for multiple reasons, some being a collapsed roof or utilities are deteriorated past the point of it being safe.) Director Medellin pointed out 12 parcels on the provided map and stated that those properties all have a structure on them that are at some stage in that process. Whether it's at the initial letter, or if they have had the City Council order the demolition. He reiterated that the proposed $225,00 would be used to buy a specific piece of property (that has a severely dilapidated structure), demolish it, then set it up for its next commercial development use. Commissioner Mahler pointed out the area by the overpass, and said there might be some real interest in development other than retail, like manufacturing or something like that. He said revamping a building might be a real advantage to the TIF3 program. He pointed out that there is a lot of good property in that area. Director Medellin explained that even though some of the buildings in that area may have a higher grade (that was given by the appraisal district), the buildings may not be as usable, or would need major renovation. It was stated that it would be better if the board concentrates on one or two areas,which would make a better return on their investment. It would weaken the effort if they spread it out too much. Mr. Phillip Townsend asked how structures outside of the TIF zone are paid for when a 4410., structure is set for demolition, and asks if the structures that they would demo in the TIF zone Tax Increment Financing#3 Board Meeting PAGE 4 December 16,2025 can be paid for in the same way. Those are done primarily through the Community Development Block Grant Funds. Director Medellin stated that if we were to try to undertake 4010 one of those projects with the CDB grant funds, that would be the allocation basically for the entire year, plus more. CDB grant funds were discussed a little more, and it was said that the TIF board could combine efforts with CDBG, if they plan a big project in one of these larger zones. It was noted that CDBG funds could not be used in the flood zone. So, the general concept that Director Medellin presented would be acceptable, however the board would want to ensure that those funds are leveraged as much as possible. Then to have a targeted effort in conjunction with the other program as well as any other private investment. But there may be some more discussion specifically on the dollar amount. The main subsets that the board has interest in for development are one,three, six and seven. (Three being for the community cultural history there.) But it was noted that subset three is in the floodplain. The annual residential structures that the CDBG fund handles is about 10 structures a year on average that get demolished, but there are about thirty added to the list every year. Some of those come off the list because they do sell or are picked up by a contractor, or someone willing to undertake the development. If that does happen, the Council will rescind the order and allow the developer to go in and repair that structure. Director Medellin stated that the number of properties that have a structure to be demolished grows faster than the rate that we need to demolish them. This would allocate additional funds to help spur that cleanup of the community. This one would have a broader approach since we would be specifically targeting that blithe concern where we could include residential structures. Commissioner Browne asked how do we get someone else to join with us to help bring interest to acquire some of that property, and with the TIF zone to help make it feasible for them to do that? He said this is what tonight's discussion has been. Director Medellin said investment follows investment. Mr. Townsend said if the board approves a $100,000 project,where does the 10% come from for the investor, and asked how do you partner the private institutions locally to reinvest into that with encouragement of participating in some partnership? Because he feels there won't be a lot of people going after it. Director Medellin said it is an opportunity to bring in our banking and financial institutions into this. There was continued conversation about this, and it was stated that some known banking contacts will be brought into the conversation, and maybe look at special financing, or financing opportunities for existing businesses in the area. Additionally, realtors will be brought into the conversation, which might stimulate some activity for development. The suggestion was brought up to have a tour of the area for bankers and realtors to see the potential of the area. There would have to be a limited number of participants from the board, so as not to get into issues, but forming a site selection subcommittee could be possible,with a few key individuals on a trolley or something like that. Since the zone doesn't have a higher population, Mr. Townsend suggested offering incentives for businesses to come into the area. P&Z Commissioner Browne said you have to create a way to get people engaged, you've got to create the feeling for someone to move now because there's only a few of these available, and you need a few people to go first. You need to find a way to get the people hungry for opportunity to bring them in to start talking to us. Commissioner Mahler stated that making land available is something that's been done in economic development all over. Saying, we've got a plot of land here, come build something Tax Increment Financing#3 Board Meeting PAGE 5 December 16,2025 on it. Commissioner Beauchamp said there could be incentives negotiated after the fact, like providing utility services or something like that. Subset seven was discussed further because of its close proximity to the business park and can be used as warehousing or logistics support. It's not dependent on a customer base. Also discussed was the potential of getting a parcel and investing the money into a building, or creating a shopping strip. Conversation included why this didn't work in the past and how have things changed that would make it work now. Mr. Townsend discussed the 10% funding, and said the 10% helps, but it's not enough. Councilman Taylor said he understands that the TIF board's role is not to be a financing partner for a development. The 10% was laid out because there were people who needed funds from this program but couldn't put together a good solid application where they could be competitive to get a grant. So, the 10%, and making it more, that's not the purpose or the idea we came up with. There's not enough money in his opinion,to try and be a major investor in particular project, or a couple more. Director Medellin said the reason he brought these three proposed programs back was to listen to the community and the public. To gain some insight on some of the community's wants and needs. But he stated that what he is hearing on the demolition assistance, as long as we are leveraging, that it is a program the board is looking to support. (Though there may be more discussion on the funds and a specific dollar amount.) It was clarified that the projects discussed today would come back to the board for approval. The demolition assistance would be staff level, and go through our code compliance. There will be additional work done by Director Medellin, and he will be sending out some information to the board members. It was noted by Chairperson Haney that once people found out that the TIF#fund was not for residential, that the interest of the public fell off. It was discussed how to get the community engaged and interested. Having a confirmed meeting date, having the board members reach out to give personal invites to churches and non-profits might help. It was mentioned that tax abatements might be an incentive, but it would be noted that that would have to come before the City Council. Mr. Dixon said we need to educate the community in the language that the community will understand. There were additional talks on how to make the program successful. Director Medellin said appointing a subcommittee will be put on the next meeting agenda, as well as the three programs. V. OTHER BUSINESS Next meeting: Thursday, January 29th, 2026 at 5:30 pm at the MLK Center. VI. ADJOURN Chairman Haney asked if anyone had any other comments. With no more comments being made, Chairman Haney adjourned the meeting. Chairman Haney adjourned the meeting at 7:11pm. 7 /4lf Loc,ki . j2i11o,l10 Z$ Kenneth Haney, Chairperson Date