02-20-2009 (WEDC) Minutes MinAes
Wylie Economic Development Cor, oration
oard of Directors Meeting
Friday, February 20, 2009 — 6:30 A.M.
Inwood National Bank— Conference Room
200 South Highway 78 — Wylie, Texas
CALL TO ORDER
Announce the presence of a Quorum
President Fuller called the meeting to order at 6:30 a.m. Board Members present were: John
Yeager, Mitch Herzog, Chris Seely, and Todd Wintters.
WEDC staff present was Executive Director Sam Satterwhite and Administrative Assistant
Ge y arris.
Ex-Officio Board ember Mayor Eric 'ogue was present.
CITIZEN PARTICIPATIO
There being no citizen participation, President Flier proceeded to Action Items.
ACTIO ITEMS
1TE NO. I — Consider and Act Upon Approval of the Ja uary 16, 2009 Minutes of the
WEDC Board of I irectors Meeting.
' IOTION: A motion was made by Chris Seely and seconded by John Yeager to
approve the January 16, 2009 Minutes of the WE PC bard of Directors
Meeting. The WEDC Board voted 5 — FOR and 0 — AGAINST in favor of
the motion.
ITEM NO. 2 — Consider and Act Upon Approval of the January, 2009 WEDC Treasurer's
Report.
MOTION: A motion was made by Mitch Herzog and seconded by John Yeager to
approve the January, 2009 WEDC Treasurer's Report. The WEDC bard
voted 5 — FOR and 0 — AGA1 1ST in favor of the motion.
ITEM NO. 3 — Consider and Act Upon Issues Surrounding an Ad Valorei Tax
Abate lent & Sales Tax Rei llthursement Agreement between the WEDC, City of Wylie,
and Greenway Investments.
Staff reviewed the Agreeme t between the above parties effective 12-20-07. Previously, staff
had briefed the Board that Greenway had a user under contract which would demolish the
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February 20, 2009
Page 2 of 4
Carlisle facility. Additionally, Greenway had requested that the benefits of the Agreement be
assigned, thus facilitating the redevelopment of the Carlisle site. Subsequently, the user opted
out of the contract due to the finding of lead at the site. Greenway has indicated that the Carlisle
site has been enrolled in the Voluntary Cleanup Program (VCP) through the Texas Commission
on Environmental Quality (TCEQ). Staff had not confirmed this assertion.
Occurring sit ultaneously with the prospect of a new user, staff recommended that the '"oard
co sider extending the time frame by which GreemAlay was to co Iplete remediation of the
Greenway springs tract ill pacted by the authorized dumping of plastic shavings from a wire
reclamation plant in Wylie during the 1970's and early 1980's. The assertion was based pon
the overall economic condition and staffs perception that remediation had not begun. The
agreed upon date by which Greenway was to receive a Certificate of Completion from the TCEQ
is June 30, 2009.
Staff met with Greenway to discuss the status of the Carlisle site and the remediation of the
Greenway springs tract. Staff was presented with a VCP Fi al Certificate of Completion for the
Greenway Springs tract dated March 31, 2008. Staff was informed that Greenway's
environmental consultant had determined that the site qualified for a lesser standard (less
stringent) to receive a Final Certificate of Completion.
2008 sales tax reimbursement (per the Agreement) has not been processed but has been
identified at $136.95. Further, the tax abate ent applicable to new development on Greenway
Columbia property (strip center with Papa Mu by's) has not been funded due to a filing error on
the part of the Collin County Central Appraisal District (Greenway has paid the 2008 property
taxes and is awaiting clarification from the District.
vo action was taken o the issue.
ITEM 0. 4 — Consider and Act °pan Issues Surrounding a Contract for Services
etween the WEDC a d Insight Research for the Analysis of I evelop lent Fees and their
Impact on Economic Development Activities.
In review, staff had been directed by the WEDC Board of Directors to perform a study of the
existing development fees imposed by the City of Wylie and compare the same against those
fees imposed y other communities which we compete with for economic development projects.
Staff contacted Insight Pesearch Co oration and requested a proposal to perform those services.
Insight was contacted based upon its reputation in the Metroplex and past experience with the
WEDC and City of Wylie. Fug her, staff believed that the data will be received witH more
legitimacy if gathered and interpreted by a qualified third party. Upon receiving Insight's
proposal ev 2-14-09, the cost was determined to be S24,500.
Board member Wintters stated that he felt the study could accurately be performed by staff, b t
might need assistance in col, ding information for a report. 'e felt that the compilation should
c st less with staff completing the research in the various cities. Mr. Wintters also felt that staff
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February 20, 2009
Page 3 of 4
would be able to report on the findings with as much authority as a third party consultant. The
oard agreed with Mr. Wintters assertion.
Nil TION: A motion was made by Todd Wintters and seconded by John Yeager to
authorize staff to sped up to $3,000 for a comparative study thoroughfare
impact fees. The WEDC Board voted 5 — FOR and 0 — AGAINST in favor
of the motion.
EXECUTIVH SESSION
The WE DC Board of Directors coy vened ito Executive Session at 7:15
I. § 551.087 ileliberations regarding economic development negotiations to discuss
caH mercial or financial information that the gove imental body has received from a
business prospect that the governmental body seeks to have locate, stay or expand in or
near the ter i'Ltory of the governmental body and with which the governing body is
conducting economic development negotiations.
• Discussio regarding an update and status of economic negotiations with Direct
Development.
• Discussion regarE g the otential offering of incentives to a certain business
located within Regency Business Park.
• Discussion regarding the potential offering of incentives to a business locating to
Premier Industrial Park.
• Discussion regarding the potential offering of incentives to a business locating to a
property located near the intersection of F.M. 544 and Sanden '"oulevard.
II §§ 551.072 leliberations regarding the purchase, sale, exchange, lease or value of real
property.
• Purchase of land associated with Project 2019.
• Sale of WE IC property located on F.M. 544 between Regency Drive and Hooper
Road.
• Purchase of property located on FM. 544 between Regency Drive a d Hooper
Road.
RECONVENE INTO OPEN MEETING
The WEDC Board of Directors reconvened into open session at 8:34 a.m. No action was taken
as a result of discussions held in Executive Session.
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February 20, 2009
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ADJOU , '1'4,01Ei T
_
With no further business, Preside A. Marvin Fuller aajoumet the WEDC 2 oard meetiiig at 8:34
a.m.
, i 7
00/ .
ii i arvin Fuller, President
ATTEST:
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Sa H uel D.R. Satterwhite
Executive Director