In the regular meeting of Brownfield Industrial Development Corporation Board, the board did approve just over $16,000 to be spent to repair the marquee at the old Rialto Theater on Main Street. The building has been in need of much work on the facade for some time.
BIDCorp Executive Director Brian Brisendine stated he had hired Sign Pro out of Wolfforth to come down and give an estimate on what it would cost to relight the marquee, just to give a bit more life to the downtown area and tourism corridor. “They looked it over and had their bucket truck look from top to bottom, and they believe they can put new neon lighting in the old sign, plus fix the marquee board lighting, and make it really look like it did in the beginning.” Brisendine is also looking at getting a new mural painted on the top, where the old cowboy mural is flaking off and fading. The board is looking at the possibility of the Rialto perhaps becoming an event center downtown, of course after much work on the outside, as well as inside.
The building had been purchased by an individual who had hoped to open a gaming type store inside, but eventually sold the building to BIDCorp.
A line item transfer was also approved to cover some capital outlay this year which was not budgeted. This will have to be approved by the Brownfield City Council.
The board also approved the BIDCorp budget for the coming year. The budget of $533,890 will also have to have the approval of the Brownfield City Council.
The firm of Bolinger, Segars, Gilbert and Moss was retained for outside audits. The current firm Bennett, Bennett, and Trice purchased Eddie Holloway’s office. Holloway had been doing the audit. Bennet, Bennett, and Trice is not a public accounting firm and they did request that the City of Brownfield and BIDCorp find another firm.
In the May and June financials, Brisendine reported a June final balance of $1,175,000.
The sales tax was down just a bit for June by 3.37% compared to a year ago, and is down just under 6% for the year.
The annual audit done by Bennett,Bennett and Trice was a good clean audit. City Manager Jeff Davis stated, “They said it was a good audit and everything did match up like it should.”
The work with Bailey Toliver RVs has finished. Bailey Toliver did write a final check to BIDCorp for completion of the project. Brisendine stated, “They want to come to the next meeting and thank the board in person. They couldn’t be more pleased. They sold 52 campers in June which was much more than projected. He also stated he has been pleasantly surprised with the quality of the workforce he has found in Terry County.
The next meeting of the BIDCorp Board will be Monday, August 16 at 4 p.m.