4A Wichita Falls Economic Development Minutes - 05/21/2026 MINUTES OF THE
WICHITA FALLS ECONOMIC DEVELOPMENT CORPORATION
MAY 21, 2026
PRESENT:
Leo Lane, President § WFEDC Members
David Toogood, Vice President §
Brent Hillery §
Reno Gustafson §
Craig Lewis §
Tim Short, Mayor § Mayor & Councilors
Tom Taylor, District 5 Councilor §
Jeff Jenkins, City Manager § City Administration
James McKechnie, Deputy City Manager §
Paul Menzies, Assistant City Manager §
Blake Jurecek, Assistant City Manager §
Kinley Hegglund, City Attorney §
Stephen Calvert, CFO/Director of Finance §
Chris Horgen, PIO §
Kevin Scanlan, Exec. Legal Asst./Recording Sec. §
Moriah Williams, CEO § Forward Wichita Falls
Kirk Peterson, Partner §
Loftin Davoult §
Ashley Waters, reporter, KFDX §
1. Call to Order.
Mr. Leo Lane called the meeting to order at 2:31 p.m. Quorum was present.
2. Consent Agenda.
a. Approval of Minutes (April 29, 2026)
Mr. Lane opened the floor for comments or corrections on the minutes from the April 21,
2026, meeting. No comments or corrections were made. Mr. Lane asked for comments
from the board or other attendees.
WFEDC MINUTES 05/21/2026
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Mr. Toogood made a motion to approve the minutes of the meeting of April 29, 2026, as
presented. Seconded by Mr. Lewis, and with no further discussion or public comment, the
motion carried 4-0.
Mr. Hillary entered the meeting at 2:32 p.m.
Mr. Lane then moved to the Financial Report.
b. Financial Report
Mr. Paul Menzies reported that the Corporation's financial position remained strong. Both
corporations had recently paid out funds to the Midwestern Military Education Center.
Additionally, some projects would be rolling off and that would likely result in funds
returning to the corporation. The sales tax numbers were doing very well. He noted that
one of the driving forces was likely the start of work at the Oklaunion power plant data
center project, as some of the tax revenue increase correlated to their startup date. Mr.
Lane commented that he had heard good things generally about local sales and it was
noted that the RV park on Seymour Road was completely full.
Mr. Lane asked for comments from the board or other attendees.
Mr. Gustafson made a motion to approve the Financial Report as presented. Seconded
by Mr. Brent Hillery, and with no further discussion or public comment, the motion carried
5-0.
3. Discussion and possible action authorizing the sale of 171+ acres at the Wichita
Falls Business Park from the Wichita Falls Economic Development Corporation
(WFEDC) to Texas Data Center Campus II, LLC, and authorizing the WFEDC Board
chair to sign all related documents.
Ms. Moriah Williams introduced the proposed sale, pointing out that this sale was Phase
II of the project. This sale was not new, as it was planned as part of the project from the
beginning. The first phase involved the sale of 217 acres. This sale for 171+ acres would
be at a higher price than the previous sale, selling at $75,000 per acre. Ms. Williams said
that the project was moving forward and that they would be breaking ground by the end
of the year. Mr. Lane asked when the sales proceeds would reach the corporation's
balance sheet. Ms. Williams stated that she was not sure of the exact date of funding but
that it would for sure be this year, as they were waiting to get an end user under contract
and that those discussions are under way at this time.
Mr. Toogood asked Ms. Williams to identify, for public clarity, the owner of the property
being sold and what would happen to the proceeds from the sale. Ms. Williams stated
that the property was owned by the Wichita Falls Economic Development Corporation and
that all of the proceeds from the sale would be returned to the Corporation where it would
be used, with the approval of the City Council, exclusively for economic development
purposes.
Mr. Lane called for any additional questions or comments from the Board or the public.
There being none, the discussion concluded.
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4. Executive Session.
Mr. Lane adjourned the meeting into executive session at 2:35 p.m. pursuant to Texas
Government Code § 551.072 and 551.087. Mr. Lane announced the meeting back into regular
session at 3:15 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.
Motions
Sale of 171+ acres at the Wichita Falls Business Park to Texas Data Center Campus,
II, LLC
Mr. Lane asked if the Board was disclosing the price at this point. Ms. Williams stated that
it was being kept confidential but would be addressed when taken up by the City Council and that
the current action was to only authorize the sale.
Mr. Toogood moved to authorize the sale of 171+acres in the Wichita Falls Business Park
to Texas Data Center Campus II, LLC, and further to authorize the Wichita Falls Economic
Development Board Chair to sign all related documents. Seconded by Mr. Hillery, and with no
further discussion or comments from the Board or from the public, the motion carried 5-0.
8. Adjourned.
Mr. Lane asked if there were any questions or comments from the public. Since there were
none, he adjourned the meeting at 3:17 p.m.
Leo Lane, President
WF Economic Development Corporation
WFEDC MINUTES 05/21/2026
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