4A Wichita Falls Economic Development Minutes - 01/14/2016 (2) MINUTES OF THE
WICHITA FALLS ECONOMIC DEVELOPMENT CORPORATION
January 14, 2016
PRESENT:
Dick Bundy, President § Members
Reno Gustafson, Vice President/Sec'y/Treasurer §
Leo Lane §
Darron Leiker §
Dave Lilley §
Glenn Barham, Mayor § Mayor and City Council
Tim Ingle, Councilor District 4 §
Jim Dockery, Asst. City Manager/CFO § City Staff
R. Kinley Hegglund, Jr., City Attorney §
Linda Merrill, Recording Secretary §
Henry Florsheim § Chamber of Commerce and Industry
Kevin Pearson §
1. Call To Order
Dick Bundy called the meeting to order at 4:00 p.m.
2. Approval of Minutes (October 28, 2015); Financial Report
Leo Lane moved, seconded by Reno Gustafson, that the minutes be approved. The
motion carried.
Jim Dockery said the first two months of fiscal year sales tax receipts show a cumulative
change of-4.55% from last year at this time. If that trend continues, it will mean an estimated
$3.563 million in revenue for the WFEDC, compared to last year's $3.733 million. Mr. Dockery
said the City is looking into the possibility of contracting with a software company that would
provide an analytical tool to see what is behind this downward trend.
He then discussed the financial report, noting that the WFEDC had received $20,000
from the WDS settlement. Kevin Pearson noted that the money was paid for deferred
maintenance on equipment owned by the WFEDC.
3. Executive Sessions
Mr. Bundy adjourned the meeting into executive session at 4:17 p.m. pursuant to TEXAS
GOVERNMENT CODE §§551.071 and 551.087. He closed the executive session and announced the
meeting back into regular session at 4:55 p.m.
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4. Discussion of and Possible Action regarding the WFEDC receiving as a gift the real
property known as 2801 Production Boulevard from Production Blvd., LLC.
Mr. Lane moved, seconded by Dave Lilley, that the WFEDC accept as a gift the real
property known as 2801 Production Boulevard from Production Blvd., LLC, and authorize the
WFEDC President to execute all necessary documents as approved by the WFEDC attorney. The
motion unanimously carried.
5. Discussion of and Possible Action regarding the WFEDC joining The Interlocal
Purchasing System (TIPS).
The WFEDC finds that the membership and utilization of competitively bid and awarded
vendor contracts in a cooperative purchasing program will be beneficial to the taxpayers through
anticipated savings provided by TIPS. Mr. Leiker moved, seconded by Mr. Gustafson, that the
WFEDC approve the membership agreement and resolution to join the Texas Interlocal
Purchasing System for the State of Texas and authorize the WFEDC President to execute all
necessary documents as approved by the WFEDC attorney. The findings were adopted and the
motion unanimously carried.
6. Discussion of and Possible Action regarding the WFEDC retaining an Aerospace
Consulting Firm.
Mr. Bundy noted the task force recommends interviewing four out of the seven firms that
submitted proposals. Mr. Pearson added that the next meeting is scheduled for Thursday,
February 4, from 3:00 p.m. to 5:00 p.m.
7. Discussion and possible action on hiring a consultant to assist in the replacement of
the Vice President of Business Retention and Expansion for the Wichita Falls
Chamber of Commerce and Industry.
This item was tabled.
8. Adjourn
Mr. Lane moved to adjourn. The meeting was adjourned at 5:02 p.m.
i7V"
ick Bund , President
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