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TIF #3 Board of Directors Minutes - 03/19/2026 MINUTES Tax Increment Financing #3 Board March 19, 2026 PRESENT: Kenneth Haney, Chairperson •Member Mark Beauchamp, Wichita Co. Commissioner •Member Ray Dixon, Jr. •Member Tom Taylor, Wichita Falls Councilor District#5 •Member Fabian Medellin, Director of Development Services •City Staff Stephen Calvert, CFO •City Staff Kalee Robinson, Director of Parks and Recreation •City Staff Rita Miller, Assistant Director of Development Services •City Staff Michael Davis, MLK Center Coordinator •City Staff Karen Montgomery-Gagne, Principal Planner •Staff Liaison Angela Lu, Senior Assistant Attorney •City Staff Robin Marshall, Admin Assistant •City Staff ABSENT: Barry Mahler, Wichita Co. Commissioner •Member Robert Brooks, Wichita Falls Councilor District#2 •Member Sandra Gross •Member I. CALL TO ORDER The meeting was called to order by Chairperson Mr. Kenneth Haney at 5:33 p.m. II. APPROVAL OF MINUTES Chairman Haney asked for a motion to approve the February 17, 2026, minutes. Councilman Tom Taylor made the motion, and Mr. Ray Dixon Jr. seconded the motion. Chairman Haney asked if anyone from the public had comments or questions, and none were made. The motion was taken to a vote, and it passed with a vote of 4-0. III. FINANCIAL UPDATE Director Fabian Medellin provided a brief financial update. He informed the board there was approximately $15,000 accrued interest and noted the proposed allocation from the board's past action for The House of Empowerment Kitchen Renovation of$200,000. The board has, to date, approved, and allocated funds, for six projects. 1) $200,000- Façade Improvements (exterior improvements) and design assistance. 2) $75,000—Civic Art 3) $10,000 - House of Empowerment— Design assistance 4) $10,000—Zoom Zoom #5— Design assistance 5) $50,000 (not to exceed)—Zoom Zoom #5 — Installation of new fuel pumps 6) $200,000— House of Empowerment Kitchen Renovation ($545,000 Total allocations) Current value remaining in each fund for future allocations: Tax Increment Financing#3 Board Meeting PAGE 2 March 19,2026 $379,000 — Private fund $574,000 — Public fund $124,000 — Discretionary fund There were no additional questions or comments from the board or the public. IV. Consideration and take action on an allocation for the Commercial Renewal Program Director Medellin stated that all allocations approved to date have come from the private funding category, while approximately 40% of public funding remains available. Staff developed three proposed programs intended to leverage public funds to support additional private investment, beginning with the Commercial Renewal Program. Mr. Medellin explained that the TIF zone contains numerous commercial and non-residential structures located on major thoroughfares and already serviced by utilities. Many of these properties require either demolition or rehabilitation due to deferred maintenance. Staff identified 183 parcels with non-residential structures of varying size and condition. The program would allow acquisition, demolition, rehabilitation, or resale of targeted properties to encourage reinvestment. Any resale proceeds would return to the TIF3 fund. He also noted that a three-member subcommittee would be selected to review and scout properties for recommendation to the full board. Staff believes an initial allocation of $225,000 could have a meaningful impact through acquisition, rehabilitation,or demolition of strategic properties. Mr. Michael Davis, MLK Center Coordinator, expressed interest in attracting Vernon College's skills training center to the area, preferably near public transportation and adequate parking. Director Medellin stated that specific uses and locations would be discussed after the subcommittee begins reviewing parcels. Discussion followed regarding the adequacy of the proposed funding, with Director Medellin noting that costs would depend on property size, condition, asbestos abatement requirements, and demolition expenses. Councilman Tom Taylor stated the committee should first identify the types of businesses or non-profits desired in the area before selecting properties. Commissioner Mark Beauchamp noted that several larger parcels near the business park appear well-suited for logistics-related redevelopment. Mr. Davis also discussed transportation concerns within the community and suggested relocating or creating satellite offices for services such as Workforce Solutions NTX closer to residents. Additional discussion regarding the possibility of Workforce Commission representatives serving the area on a weekly basis and redevelopment opportunities near 5th, 6th and 7th Streets and MLK Jr. Boulevard. Commissioner Beauchamp moved to allocate $225,000 from the public TIF3 fund for the Commercial Renewal Program, including property acquisition. Councilman Taylor seconded the motion, which passed unanimously, 4-0. V. Consideration and Take Action on an Allocation for the New Economic Opportunities Program Director Medellin explained that the New Economic Opportunities Program focuses on vacant land within the TIF zone. Staff identified 483 vacant parcels of varying sizes and locations. He stated that assembling sufficient land for redevelopment can be difficult and costly for developers. The proposed program would allow the city to acquire and combine parcels into larger, more marketable redevelopment sites. Staff recommended allocating $100,000 to support those acquisition and land assembly efforts. Tax Increment Financing#3 Board Meeting PAGE 3 March 19,2026 CFO Stephen Calvert asked whether proceeds from future land sales would replenish the TIF fund during the life of the district, which Director Medellin confirmed. Discussion also addressed the disposition of any remaining TIF-owned property after the district sunsets, with Director Medellin noting that additional legal review would be needed. Commissioner Beauchamp stated that acquisitions should ideally support identified projects and developer needs to ensure assembled properties are immediately marketable. Mr. Ray Dixon, Jr. discussed ongoing challenges within the area, specifically housing, transportation, and childcare. Mr. Dixon discussed how Decatur and Denton have effectively grown together through expansion and development, stating Wichita Falls will eventually continue expanding in that direction economically and identified two disadvantages currently affecting the area: 1) there is a limited tax base within District 2, and 2) limited voting base, with approximately 970 to 980 registered voters in District 2.He stated when an area lacks both a strong voting base and tax base, it effectively lacks a strong voice. He emphasized the need to balance industrial growth with social infrastructure and community support services. Commissioner Beauchamp noted that nearby development activity could stimulate additional residential and commercial growth within the area. Director Medellin stated that retail and service providers are increasingly moving ahead of residential development because they anticipate future population growth associated with industrial expansion. Ms. Karen Montgomery-Gagne noted continued interest from regional developers in land tracts for affordable housing projects, including the proposed redevelopment of the former Lamar Elementary School into The Lucas Lofts Development senior housing, pending approval by the Texas Department of Housing and Community Affairs (TDHCA). The project would include community access to portions of the facility for Sunnyside neighborhood meetings and events. Ms. Kalee Robinson asked about development within the floodplain and whether investments would focus on areas outside the floodplain. Commissioner Beauchamp stated that if the board develops property outside the flood zone, any resulting proceeds would be reinvested into the TIF fund. He added that extending the TIF timeframe would allow those funds to support future projects. He stated that once a base level of development is established, additional growth and synergy can follow. Additional discussion addressed development within the floodplain and the possibility of developers applying for TIF assistance to elevate properties above floodplain levels. Commissioner Beauchamp moved to create and fund the New Economic Opportunities Program as presented. Mr. Dixon seconded the motion, and it passed unanimously, 4-0. VI. Consideration and Take Action on an Allocation for the Demolition Assistance Program Director Medellin explained that the Demolition Assistance Program is intended to reduce blight and support redevelopment by removing dilapidated residential structures within the TIF3 area. Mr. Medellin noted at least 12 structures identified on the map were considered hazardous. Staff proposed allocating $200,000 in public funds for demolition efforts. He noted that Code Compliance currently addresses hazardous structures using limited CDBG/HUD funding, which carries extensive federal requirements. Staff believes TIF funding could help accelerate demolition efforts and supplement existing resources. Ms. Rita Miller explained that Code Compliance prioritizes structures damaged by fire or posing safety hazards. She referenced the example of Holland School property, which has sustained repeated fire damage, is hazardous to firemen, and remains on the demolition list. Tax Increment Financing#3 Board Meeting PAGE 4 March 19,2026 She also noted that only $6,000 remains in the current CDBG demolition budget through the end of the fiscal year (September 30). Discussion followed regarding the demolition process, including notices to property owners, City Council public hearings, demolition orders, administrative fees, and property liens. Ms. Miller clarified that ownership does not transfer to the city following demolition the owner receives a bill that includes a $150 administrative fee. If payment is not made within 30 days, a lien is placed on the property and accrues 10% annual interest. Commissioner Beauchamp stated that if TIF3 funds are used for demolition, the TIF Board should provide recommendations to City Council regarding targeted properties. Additional discussion followed regarding the procedural requirements structures must undergo before demolition can occur. Chairman Haney asked for a motion, Commissioner Beauchamp moved to approve and fund the Demolition Assistance Program as presented. Councilman Taylor seconded the motion, and the motion passed unanimously, 4-0. VII. Consideration and take action on the creation and appointment of a site selection sub- committee. Director Medellin discussed the benefit of forming a three-member subcommittee to work with staff, development groups, and realtors to advance the board's goals and report recommendations back to the TIF3 Board. The subcommittee would assist in developing actionable items related to the newly funded initiatives. Councilman Taylor and Commissioner Beauchamp volunteered to serve, and Councilman Brooks (not present)was also suggested for appointment. Chairman Haney introduced a motion to accept the names of the appointed subcommittee members, Councilman Brooks, Councilman Taylor and Commissioner Beauchamp. Chairman Haney took the motion to a vote, the vote was split 3-1 with Commissioner Beauchamp voting in opposition. Motion failed due to insufficient votes and lack of quorum. Note: Commissioner Beauchamp left the meeting after the vote was taken. VIII. ADJOURN Chairman Haney adjourned the meeting at 6:40 p.m. ) Iy202-17 Kenneth Haney, Chairperson Date