TIF #4 Board of Directors Minutes - 07/08/2026 TIF#4 Board July 8, 2026 Page 11
TAX INCREMENT FINANCING #4 (TIF) BOARD
MINUTES
July 8, 2026
Members:
Ben 'Chip' Filer •Chairperson
John Dickinson ♦vice-Chairperson
Naomi Barron *Member
Mark Beauchamp, Wichita County Commissioner *Member
Tony Fidelie •Member
Cody Magana *Member
Jeff Watts, Wichita County Commissioner *Member
Staff:
Paul Menzies, Assistant City Manager *Staff
Kinley Hegglund, City Attorney *Staff
Fabian Medellin, Director Development Services •Staff
Rita Miller, Assistant Director Development Services •Staff
Karen Montgomery-Gagne, Principal Planner *Staff Liaison
Pat Hoffman, Property Administrator *Staff
Kaitlin LeVasseur, Budget Manager •Staff
Robin Marshall, Admin Assistant *Staff
Absent:
Co. Robert Brooks, District#2 *Council liaison
I. Call to Order & Introductions
Chairperson Filer called the TIF #4 Board meeting to order at 10:01am. Mr. Filer introduced
members and staff. Guests of the Forward Wichita Falls were introduced.
II. Review & Approval of Minutes of November 24, 2020
Mr. Tony Fidelie made a motion to adopt the November 24, 2020, minutes. Mr. John
Dickinson seconded the motion. The motion was passed unanimously, 7-0.
Ill. Financial Update
Ms. Montgomery-Gagne introduced the item and explained it had been five and a half years
since the TIF4 Commission had last convened. The fund is doing well and currently has just
under $2.5 million sitting and growing interest. Our projections are still based on the modest
3% annual growth. Projecting what the fund could generate from 2015-2035, the value
should be just over $8 million. Staff directed the board to pages 13 & 14 in their meeting
book to highlight additional financial details. Ms. Montgomery-Gagne noted at this point
there was only one allocation of funding to help with a project outlined in detail in the 2020
minutes; partnering with Downtown WF Redevelopment and the City, hiring Post Oak
Preservation Solutions to research and apply for the Indiana Ave. National Historic District
°"' that subsequently was approved by the Department of Interior in 2023. That's a significant
TIF#4 Board July 8, 2026 Page 12
benefit for property owners looking to renovate structures as they can move forward to Part
B in the historic tax credit process (state and national) because there is already National
Register district status in place.
Ms. Montgomery-Gagne noted a $34,000 item and stated there was a pay back to the
county due to review and oversight in prior years with the county auditor's office
investigating all TIF districts in Wichita Co.; payment was to the bridge fund.
This board agreed to set aside 60% of increment money for public projects and 40% for
private projects. (Noted there is board discretion; then City Council final approval/oversight.)
Currently, there would be about $1.4M for public projects and $1 M for private projects.
IV. Presentation and Discussion from Forward Wichita Falls
Ms. Lauren Williams, from Forward Wichita Falls, explained the organization focuses on
economic development through attracting investment, supporting local businesses, and
creating community opportunities. With 4B funding, Forward WF has expanded its role to
include long-term downtown redevelopment and planning. Current efforts include:
• Researching and analyzing downtown conditions.
• Identifying derelict or underutilized buildings and areas needing reinvestment.
• Identifying opportunities for growth and improvement.
• Researching successful downtowns with similar populations to identify strategies for WF.
• Exploring ways to encourage private investment and development.
• Monitoring downtown trends and preparing information for future planning and business/industry
investment.
Forward WF contacted national brands to determine what Wichita Falls needs to attract
them and which properties require investment to support increased sales and property tax
revenue. In addition, Ms. Williams noted Forward WF has compiled a list of downtown
property owners and invited approximately 200 owners to a meeting; however, only about
15 attended; outreach will continue. They discovered many downtown property owners live
outside Wichita Falls, including some who live internationally. There are approximately 250
buildings within the TIF 4 zone under review.
Previous redevelopment projects discussed in earlier meeting minutes have not yet been
completed (Note: some projects under direction of former Downtown WF Redevelopment).
Director Fabian Medellin stated that items are being developed for the TIF4 zone to help
reinvigorate downtown.
V. Action Item
Action Item: Consider Rescinding a Previously Approved Motion from 2019 Allocating the
TIF#4 Increment for Focused Street Improvement Project Downtown — 8th Street Between
Ohio and Scott Street.
Ms. Montgomery-Gagne presented history regarding the motion approved 2019. She noted
the 2018 bond election with seven propositions that citizens voted on and only approved of
one. The proposition approved was to partner with a project with OPG for affordable housing
on Maplewood extension. She pointed out to the board that 8th street was one of the top
priorities since it is a key corridor in and out of downtown along with Indiana and discussed
additional needs in that area. At the time, the board's highest annual increment was
TIF#4 Board July 8, 2026 Page 13
$130,000 per year and was recommended by the board for allocation to the 8Th Street
project. The money for that project is still earmarked in the fund, until this board chooses to
look at potentially rescinding that motion. The 2018 ($3.2 million) estimates for the project
were mentioned and a current estimate for the cost of concrete, rebar and all the
components is now estimated at $5M + (8th Street from LaSalle Alley to Lamar.)
At this time, the city does not have other funding sources or a fund set-aside to partner in
meeting the financial gap in order to make this project a reality.
The 2018 estimated cost of $3.2 million included design, engineering and construction -
everything. Staff directed the board to schematics of the project plan.
Ms. Montgomery-Gagne pointed out the motion the board authorized in 2019 never moved
forward to City Council after the bond funding failed. Today, the board can choose to
consider releasing those earmarked increment funds for other potential projects. This board
will still need to review any proposed projects, offer a recommendation via a vote and
Council would have final funding determination. By taking action today, it would allow that
money to be released, approx.$130,000 per year that was committed from 2019-2035,
essentially 73% of your total increment funds.
Chairman Filer asked if there was a motion. Commissioner Mark Beauchamp made the
motion to rescind the previously approved 2019 motion allocating TIF#4 increment funds for
Focused Streetscape Improvements Downtown, and Cody Magaria seconded the motion.
Chairman Filer asked if there were any comments from the public or board, and there were
no additional comments. Motion passed unanimously.
VI. Other Business:
a) Roster— updates; no revisions from the board
b) Next Meeting Date — requested post HHH event & Sept.11.
Commissioner Beauchamp questioned the applicability of data in the TIF4 Project &
Financial Plan. Staff indicated it was point-in-time data from 2014 along with projections;
elements required by state legislation when developing a TIF district. Chairman Filer
requested a September agenda item to readdress project goals & objectives.
VII. Adjournment
Chairpers Filer c Iled for etinig adjournment, unanimously approved at 10:30am.
?— Vr- vg,6
Mr. en `Chip' iler Cate
Chairperson