4B Sales Tax Corporation Minutes - 02/02/2015MINUTES OF THE
WICHITA FALLS 4B SALES TAX CORPORATION (4BSTC)
February 2, 2015
PRESENT:
Jim Ginnings, President § Members
Dustin Nimz, Vice President/See. Treasurer §
Tony Fidelie §
Rick Hatcher §
Darron Leiker §
Casey O'DonneII §
Brian Hooker, Council Liaison to Lake Wichita § City Council
Revitalization Committee §
Kevin Hugman, Assistant City Manager § City Staff
Jim Dockery, Assistant City Manager /CFO §
Kinley Hegglund, City Attorney §
Jack Murphy, Director of Parks and Recreation §
Linda Merrill, Recording Secretary §
Steve Garner § Lake Wichita Revitalization Committee
Tom Lang § Texas Parks and Wildlife Department
Henry Florsheim § Chamber of Commerce and Industry
ABSENT:
Dave Clark § Member
1. CALL TO ORDER
Jim Ginnings called the meeting to order at 4:00 p.m.
2. APPROVAL OF MINUTES (OCTOBER 15, 2014)
Rick Hatcher moved for approval. Seconded by Darron Leiker, the motion carried.
Kevin Hugman said the sales tax was budgeted at $3.798 million for revenues in this
current fiscal year. This figure was based upon projections of where FY 14 would end. However,
the actual revenues for FY 14 came in at only $3.7 million. However, FY 14 still ended higher in
sales tax revenues than the year before, so there is a positive increase.
In FY 15, year -to -date sales tax revenues total $565,000. The revenues are collected and
therefore allocated two months after they are earned. Otherwise, revenues are on track.
The Museum of North Texas History has been paid $209,567, matching funds for their
portion of the building. There are still some expenses for this project, but there will be
approximately $80,000 of unused funds returned to the unreserved fund balance.
The River Bend Nature Center has finished its project and submitted its invoices. It came
in just below the budgeted amount at $60,000.
N:1 lcga114A, 413, TIFSI4B Corp14B Minutcs 1201512015.2.21Minutcs_4B 2015.2.2.doc
WFEDC — Minutes of February 2, 2015 2
Most of the larger parts of the District 5 park improvement project are completed. The
Expressway Village pond is completed and filling up, if not completely filled at this time.
Sales tax revenues are 1.7% below where they were at this point last year. The 413STC
has an unreserved fund balance of $1.9 million.
Rick Hatcher moved to adopt financial report. Seconded by Tony Fidelie, the
motion carried.
3. DISCUSSION OF DOWNTOWN 4B INCENTIVE GRANT GUIDELINES
Mr. Hugman reminded the Board they had approved $50,000 for a downtown matching
incentive grant. Staff had proposed to develop a set of guidelines, and if a project met those
guidelines, City staff could approve the grant. Any application that fell outside of those
guidelines would be brought to the 4BSTC. Those guidelines were furnished to the Board at its
last meeting. One of the questions at the last meeting was to define eligible area, and the Board's
input was to use the zoning category of the Central Business District, which encompasses the
core downtown area. Dave Clark had asked whether the Big C Hardware Store behind the
Farmers' Market was included in that district. It is not. If the Board wants to include that strip,
Mr. Hugman suggested either (a) that strip be specifically added to the guidelines or (b) language
be added to the guidelines that the 4BSTC has the authority to approve a project not within the
guidelines. The latter option provides more flexibility.
Staff has designed a form which the applicant would complete, describing the project. It
would then go to staff to review and determine whether it falls within the guidelines.
Mr. Leiker moved to approve the project. Seconded by Mr. Fidelie, the motion
carried.
Mr. Dockery asked if each project would have a performance agreement. Mr. Hugman
said the grant form becomes the agreement. Mr. Hegglund added that staff would look at the
invoices before they would write any reimbursement checks.
(Dustin Nzmz enters the meeting.)
Mr. Fidelie moved to amend the guidelines to allow the 4BSTC to expand the
geographical area of the eligible project zone as desired. Seconded by Mr. O'Donnell, the
motion carried.
4. DISCUSSION /ACTION REGARDING REQUEST FROM LAKE WICHITA
REVITALIZATION COMMITTEE FOR FUNDING UP TO $158,125 FOR ENGINEERING
STUDY AND PREPARATION OF CORPS OF ENGINEERS 404 PERMIT APPLICATION FOR
LAKE WICHITA
Steve Garner thanked the Board for the opportunity make this presentation. The Lake
Wichita Revitalization Committee ( "Committee ") was able to get half of the funding it had
initially asked of the 4BSTC, provided it can obtain the other half today.
I WFEDC — Minutes of February 2., 2015
Mr. Lang added that the permit is open-ended as long as substantial progress is being
The motion carried.
Mr. Garner thanked the Board members for their faith in this project and the community.
He thanked Henry Florsheim, Brian Hooker, and Jack Murphy for their support and
encouragement. Mr. Ginnings told the Committee members that they had done wonderful work.
Tony Fidelic and his fellow Board members thanked Kevin Hugman for his work as City
liaison to the 4B C and wished him well in his new position at Duncanville.
The meeting was adjourned at 4:37 p.m.
f
"Jim Ginnirrgs"PI, resident