4A Wichita Falls Economic Development Minutes - 03/22/2016MINUTES OF THE
WICHITA FALLS IECONomic DEVELOPMENT CORPORATION
March 22, 2016
FAIM=
Dick Bundy, President
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WFEDC Members
Reno Gustafson, Vice President/Sec'y/Treasurcr
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Leo Lane
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Darron Leiker
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Dave Lilley
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Glenn Barham, Mayor/Liaison
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Mayor and Council
Tim Ingle, Councilor District 4
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Jim Dockery, Deputy City Manager
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City Staff
R. Kinley Hegglund, Jr., City Attorney
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Linda Merrill, Recording Secretary
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Henry Florsheim, CEO
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Chamber of Commerce and Industry
Kevin Pearson, VP, Economic Development
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Darrell Coleman
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David Farabee
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Scott Poenitzsch
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John Buanno, Interim COO
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Amfuel/Amfuel Board
Gillian Harden, Project Manager
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Norm Bullinger, COO
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Warren T. Ayres
Mike Bu hart
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Barry Donnell
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Jane Reeves
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White Wolf Gun Club
Loyd Reeves
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John Ingle § Times Record News
1. Call To Order
Dick Bundy called the meeting to order at 4:00 p.m.
2. Approval of Minutes (February 18, 2016)
Leo Lane moved to a rove the minutes. Seconded Damon Leiker tle motion carried.
3. Tour of Facility
The 4A Board and attendees toured the Amfuel facility from 4:02 p.m. to 4:24 p.m.
4. Discussion and possible approval of a change in collateral and financing from
ANIFUEL.
They wish to focus Wichita Falls' operation on the autoclave, the spray room, and the
fuel test building. Their goal is to have 100 employees working by the end of the year.
Mr. Bundy noted that Armuel is basically asking for a reallocation of collateral to the
project to other equipment. Mr. Pearson added that it would create jobs quicker.
Mr. Bundy said the original agreement was for the WFEDC to put $800,000 toward a
capital expenditure. Mr. Hegglund said the WFEDC was to have collateral toward $1.2 million,
plus depreciation. Mr. Pearson said he recommends that Mr. Bundy work to ensure the best
collateral position the 4A Board can achieve. Mr. Hegglund said the Council approved the
existing agreement; if the change is significant, it will have to go back to the Council,
5. Discussion of White Wolf Gun Club's proposed use of the Stanley building as a
multi-use, shooting and sports facility.
Mr. Pearson introduced Loyd and Jane Reeves. They are interested in putting an indoor
gun club in the former Stanley building.
Mrs. Reeves said the property is zoned light industrial, which allows for gun ranges.
However, this is also a training center. They plan to have 17 lanes, including pistol and long gun,
as well as archery and paintball. In addition, there is a restaurant, an area for children to play, and
a swimming pool. There is not one area on this property that is not mapped out for an activity.
She referred the Board to their website, whitewolfgunclub.net, and to one that illustrates
how they intend to pattern the gun range portion of the business: colonial shootingacademy.com.
Mr. Pearson asked Mrs. Reeves to discuss the improvements they intend to make. The
total set-up cost of the gun club is $8 million, and it is his understanding they have $4 million
available for the project. He also indicated the Reeves are willing to take care of build-out costs.
Mr. Hegglund asked if the company is licensed through the state. Mrs. Reeves said they
are licensed and incorporated as White Wolf Gun Club, Inc. Mr. Hegglund asked if there would
be any problem adding the WFEDC as an additional insured. Mrs. Reeves said they would agree
to that,
6. Executive Sessions
Mr. Bundy adjourned the meeting into executive session at 5:00 p.m. pursuant to TEXAS
GOVERNMENT CODE 551.087. He announced the meeting back into regular session at 6:05 p.m.
The subjects posted in the Notice of Meeting were deliberated, and no action was taken on these
items in executive session.
7. Discussion and possible approval of an aerospace consulting contract with Bruce
Facility Planning Consultants.
Mr. Leiker moved that the WFEDC enter into an agreement for _aeros �ace consulting
I
services with Bruce Facility Plannina Consultants, reserving me the
option to cancel after each
staYe, at a cost not to exceed $121,000. Seconded, by Mr. Lillev, the motion carried.
8. Change in collateral and financing from AMFUEL.
No action was taken on Amfuel.
9, White Wolf Gun Club's proposed use of the Stanley building
Finley Hegglund noted that the Stanley building is owned by the WFEDC for economic
development of primary, or manufacturing, jobs. The White Wolf Gun Club's proposed use of
the building does not meet this statutory requirement, and he therefore recommends the WFEDC
not follow through with this project.
10. Discussion and possible approval of expenditures for operating expenses on the
Stanley building, including utilities and insurance.
Mr. Lane moved that the WFEDC wnrove the emoenditure not to exceed $2.6 million for
i rave ants and o stational re airs and ex es on the Stanlev buildiny, includin) utilities
and insurance. Seconded by Mr. Leiker the motion carried.
11. Discussion and possible approval for the expenditure of funds for a backflow
preventer for property owned by the Wichita Falls Economic Development Corporation,
located at 2400 Burkburnett Road, and leased by ATCO Structures & Logistics (USA) Inc.
Mr. Lille moved to a rave the e snditure. Seconded Mr, ustafsan tl e motion
carried. Mr. Lane abstained from voting.
12. Adjourn
Mr. Lilly moved to ad °au Seconded Mt. Lane, the satin ad`au d at 6:111
lckkBundy, President
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