Press Alt + R to read the document text or Alt + P to download or print.

No preview available

The URL can be used to link to this page

11-15-2022 (WEDC) Agenda Packet P a g e | 1 Wylie Economic Development Corporation Board Regular Meeting November 15, 2022 – 7:30 AM WEDC Office Conference Room - 250 South Highway 78, Wylie, Texas 75098 CALL TO ORDER INVOCATION & PLEDGE OF ALLEGIANCE COMMENTS ON NON-AGENDA ITEMS Any member of the public may address Board regarding an item that is not listed on the Agenda. Members of the public must fill out a form prior to the meeting in order to speak. Board requests that comments be limited to three minutes for an indiv idual, six minutes for a group. In addition, Board is not allowed to converse, deliberate or take action on any matter presented during citizen participation. CONSENT AGENDA All matters listed under the Consent Agenda are considered to be routine by the Board and wi ll be enacted by one motion. There will not be separate discussion of these items. If discussion is desired, that item will be removed from the Consent Ag enda and will be considered separately. A. Consider and act upon approval of Minutes from the October 19, 2022 Regular Meeting of the WEDC Board of Directors. B. Consider and act upon approval of the October 2022 WEDC Treasurer's Report. DISCUSSION ITEMS DS1. Staff report: WEDC Property Update, Downtown Parking, Engineering Report, Upcoming Events, and WEDC Activities/Programs. DS2. Update from the Subcommittee of the Board to review and recommend any modifications to the existing bylaws of the Corporation. EXECUTIVE SESSION Sec. 551.072. DELIBERATION REGARDING REAL PROPERTY; CLOSED MEETING. A governmental body may conduct a closed meeting to deliberate the purchase, exchange, lease, or value of real property if deliberation in an open meeting would have a detrimental effect on its negotiating position. ES1. Consider the sale or acquisition of properties located at Ballard/Brown, Brown/Eubanks, FM 1378/Parker, FM 544/Cooper, FM 544/Sanden, Jackson/Oak, Regency/Steel, State Hwy 78/Alanis, and State Hwy 78/Brown. Sec. 551.087. DELIBERATION REGARDING ECONOMIC DEVELOPMENT NEGOTIATIONS; CLOSED MEETING. 1 P a g e | 2 This chapter does not require a governmental body to conduct an open meeting: (1) to discuss or deliberate regarding commercial or financial information that the governmental body has received from a business prospect that the governmental body seeks to have locate, stay, or expand in or near the territory of the governmental body and with which the governmental body is conducting economic development negotiations; or (2) to deliberate the offer of a financial or other incentive to a business prospect described by Subdivision (1). ES2. Deliberation regarding commercial or financial information that the WEDC has received from a business prospect and to discuss the offer of incentives for Projects: 2013-9a, 2017-6a, 2021-2d, 2021-5a, 2021-6a, 2021-6c, 2021-8a, 2021-9a, 2021-9b, 2021-9f, 2021-11a, 2021-12a, 2022-1b, 2022-4d, 2022-7b, 2022-7c, and 2022-9f. RECONVENE INTO OPEN SESSION Take any action as a result from Executive Session. FUTURE AGENDA ITEMS ADJOURNMENT CERTIFICATION I certify that this Notice of Meeting was posted on November 10, 2022 at 5:00 p.m. on the outside bulletin board at Wylie City Hall, 300 Country Club Road, Building 100, Wylie, Texas, a place convenient and readily accessible to the public at all times. ___________________________ ___________________________ Stephanie Storm, City Secretary Date Notice Removed The Wylie Municipal Complex is wheelchair accessible. Sign interpretation or other special assistance for disabled attendees must be requested 48 hours in advance by contacting the City Secretary’s Office at 972.516.6020. Hearing impaired devices are available from the City Secretary prior to each meeting. If during the course of the meeting covered by this notice, the Board should determine that a closed or executive meeting or session of the Board or a consultation with the attorney for the City should be held or is r equired, then such closed or executive meeting or session or consultation with attorney as authorized by the Texas Open Meetings Act, Texas Government Code § 551.001 et. seq., will be held by the Board at the date, hour and place given in this notice as the Board may conveniently meet in such closed or executive meeting or session or consult with the attorney for the City concerning any and all subjects and for any and all purposes permitted by the Act, including, but not limited to, the following sanctions and purposes: Texas Government Code Section: § 551.071 – Private consultation with an attorney for the City. § 551.072 – Discussing purchase, exchange, lease or value of real property. § 551.073 – Discussing prospective gift or donation to the City. § 551.074 – Discussing personnel or to hear complaints against personnel. § 551.076 – Discussing deployment of security personnel or devices or security audit. § 551.087 – Discussing certain economic development matters. 2 Minutes Wylie Economic Development Corporation Board of Directors Meeting October 19, 2022 – 7:30 A.M. WEDC Offices – Conference Room 250 S Hwy 78 – Wylie, TX 75098 CALL TO ORDER Announce the presence of a Quorum President Demond Dawkins called the meeting to order at 7:32 a.m. Board Members present were Melisa Whitehead, Gino Mulliqi, Tim Gilchrist, and Blake Brininstool. Ex-Officio Member City Manager Brent Parker was present. Ex-Officio Member Mayor Matthew Porter arrived at 7:33 a.m. WEDC staff present included Executive Director Jason Greiner, BRE Director Angel Wygant, and Administrative Assistant Marissa Butts. INVOCATION & PLEDGE OF ALLEGIANCE President Dawkins gave the invocation and led the Pledge of Allegiance. COMMENTS ON NON-AGENDA ITEMS With no citizen participation, President Dawkins moved to Consent Agenda. CONSENT AGENDA _______ All matters listed under the Consent Agenda are considered to be routine by the WEDC Board of Directors and will be enacted by one motion. There will not be a separate discussion of these items. If discussion is desired, that item will be removed from the Consent Agenda and will be considered separately. A. Consider and act upon approval of Minutes from the September 21, 2022 Regular Meeting of the WEDC Board of Directors. B. Consider and act upon approval of the September 2022 WEDC Treasurer's Report. Board Action A motion was made by Melisa Whitehead, seconded by Blake Brininstool, to approve the Consent Agenda as presented. A vote was taken, and the motion passed 5-0. DISCUSSION ITEMS ______ DS1. Staff report: WEDC Property Update, Temporary Access Agreements, Downtown Parking, Engineering Report, Upcoming Events, and WEDC Activities/Programs. Staff referred the Board to the Agenda Report provided in the packet for all updates related to property updates, downtown parking, engineering reports, upcoming events, and WEDC activities/programs. Staff noted that the Collin Leadership Policy Summit is on November 16th and the Board agreed to move the next WEDC Regular Board meeting to Tuesday, November 15th. 3 11/15/2022 Item A. WEDC – Minutes October 19, 2022 Page 2 of 2 DS2. Update from the Subcommittee of the Board to review and recommend any modifications to the existing bylaws of the Corporation. Staff referred the Board to the handouts provided to discuss the proposed amendments to be made to the Bylaws and what modifications the attorneys are currently reviewing. The Board further discussed term limits for Board members, staggering term limits for continuity, the Board’s choice of hire for Executive Director position being communicated with City Council during Executive Session, moving the annual meeting to the month of October, 75% required attendance of Board Members for regularly scheduled meetings, and allowing the EDC Director to approve a maximum purchase amount of $25,000. Staff will provide updates later for the Board to review. EXECUTIVE SESSION Recessed into Closed Session at 8:57 a.m. in compliance with Section 551.001, et. seq. Texas Government Code, to wit: Sec. 551.072. DELIBERATION REGARDING REAL PROPERTY; CLOSED MEETING. ES1. Consider the sale or acquisition of properties located at Ballard/Brown, Brown/Eubanks, FM 1378/Parker, FM 544/Cooper, FM 544/Sanden, Jackson/Oak, Regency/Steel, State Hwy 78/Alanis, and State Hwy 78/Brown. Sec. 551.087. DELIBERATION REGARDING ECONOMIC DEVELOPMENT NEGOTIATIONS; CLOSED MEETING. ES2. Deliberation regarding commercial or financial information that the WEDC has received from a business prospect and to discuss the offer of incentives for Projects: 2013-9a, 2017-6a, 2021-2d, 2021-5a, 2021-6a, 2021-6c, 2021-8a, 2021-9a, 2021-9b, 2021-9f, 2021-11a, 2021-12a, 2022-1b, 2022- 4d, 2022-7b, 2022-7c, and 2022-9f. RECONVENE INTO OPEN SESSION Take any action as a result of the Executive Session. President Dawkins reconvened into Open Session at 9:53 a.m. FUTURE AGENDA ITEMS There were no Items requested for inclusion on future agendas. ADJOURNMENT With no further business, President Dawkins adjourned the WEDC Board meeting at 9:53 a.m. __________________________________ Demond Dawkins, President ATTEST: __________________________________ Jason Greiner, Executive Director 4 11/15/2022 Item A. Wylie Economic Development Board AGENDA REPORT Page 1 of 1 Meeting Date: November 15, 2022 Item Number: B Prepared By: Jason Greiner Account Code: Date Prepared: November 7, 2022 Exhibits: 4 Subject Consider and act upon approval of the October 2022 WEDC Treasurer’s Report. Recommendation Motion to approve the October 2022 WEDC Treasurer’s Report. Presented for the Board’s review and approval is the October 2022 Treasurer’s Report detailing the month and year-to- date financial transactions and performance against budget. In this report, you will find the Revenue and Expense Report, Statement of Net Position, Balance Sheet, and Sales Tax Report. Finance is working on final adjustments to accrue appropriate expenditures back to FY21-22. Staff anticipates that numbers will be settled in the November reporting period. REVENUES: Sales Tax Revenue earned in August allocated in October, was $346,236.36, an increase of 6.08% over the same period in 2021. 5 11/15/2022 Item B. 11/7/2022 3:01:01 PM Page 1 of 4 October Rev/Exp Report Account Summary For Fiscal: 2022-2023 Period Ending: 10/31/2022 Fiscal Activity Variance Favorable (Unfavorable) Percent Remaining Current Total Budget Period Activity Original Total Budget Fund: 111 - WYLIE ECONOMIC DEVEL CORP Revenue Category: 400 - Taxes SALES TAX 4,124,241.00 0.00 -4,124,241.00 100.00 %0.00111-4000-40210 4,124,241.00 Category: 400 - Taxes Total:0.000.004,124,241.00 4,124,241.00 -4,124,241.00 100.00% Category: 460 - Interest Income ALLOCATED INTEREST EARNINGS 6,000.00 0.00 -6,000.00 100.00 %0.00111-4000-46110 6,000.00 Category: 460 - Interest Income Total:0.000.006,000.00 6,000.00 -6,000.00 100.00% Category: 480 - Miscellaneous Income RENTAL INCOME 134,220.00 0.00 -134,220.00 100.00 %0.00111-4000-48110 134,220.00 GAIN/(LOSS) SALE OF CAP ASSETS 3,915,685.00 0.00 -3,915,685.00 100.00 %0.00111-4000-48430 3,915,685.00 Category: 480 - Miscellaneous Income Total:0.000.004,049,905.00 4,049,905.00 -4,049,905.00 100.00% Revenue Total:0.000.008,180,146.00 8,180,146.00 -8,180,146.00 100.00% Expense Category: 510 - Personnel Services SALARIES 310,346.40 13,361.33 296,985.07 95.69 %13,361.33111-5611-51110 310,346.40 OVERTIME 0.00 333.39 -333.39 0.00 %333.39111-5611-51130 0.00 LONGEVITY PAY 914.00 0.00 914.00 100.00 %0.00111-5611-51140 914.00 TMRS 48,245.30 2,122.69 46,122.61 95.60 %2,122.69111-5611-51310 48,245.30 HOSPITAL & LIFE INSURANCE 51,987.17 4,164.04 47,823.13 91.99 %4,164.04111-5611-51410 51,987.17 LONG-TERM DISABILITY 1,768.97 61.07 1,707.90 96.55 %61.07111-5611-51420 1,768.97 FICA 19,298.12 774.95 18,523.17 95.98 %774.95111-5611-51440 19,298.12 MEDICARE 4,513.27 181.25 4,332.02 95.98 %181.25111-5611-51450 4,513.27 WORKERS COMP PREMIUM 854.85 970.21 -115.36 -13.49 %970.21111-5611-51470 854.85 UNEMPLOYMENT COMP (TWC)1,080.00 0.00 1,080.00 100.00 %0.00111-5611-51480 1,080.00 Category: 510 - Personnel Services Total:21,968.9321,968.93439,008.08 439,008.08 417,039.15 95.00% Category: 520 - Supplies OFFICE SUPPLIES 5,000.00 532.26 4,467.74 89.35 %532.26111-5611-52010 5,000.00 POSTAGE & FREIGHT 300.00 0.00 300.00 100.00 %0.00111-5611-52040 300.00 FOOD SUPPLIES 3,000.00 249.37 2,750.63 91.69 %249.37111-5611-52810 3,000.00 Category: 520 - Supplies Total:781.63781.638,300.00 8,300.00 7,518.37 90.58% Category: 540 - Materials for Maintenance FURNITURE & FIXTURES 2,500.00 0.00 2,500.00 100.00 %0.00111-5611-54610 2,500.00 COMPUTER HARD/SOFTWARE 7,650.00 974.24 6,675.76 87.26 %974.24111-5611-54810 7,650.00 Category: 540 - Materials for Maintenance Total:974.24974.2410,150.00 10,150.00 9,175.76 90.40% Category: 560 - Contractual Services INCENTIVES 3,209,183.00 37,069.00 3,172,114.00 98.84 %37,069.00111-5611-56030 3,209,183.00 SPECIAL SERVICES 34,770.00 3,369.21 31,400.79 90.31 %3,369.21111-5611-56040 34,770.00 SPECIAL SERVICES-REAL ESTATE 276,300.00 0.00 276,300.00 100.00 %0.00111-5611-56041 276,300.00 SPECIAL SERVICES-INFRASTRUCTURE 8,375,000.00 0.00 8,375,000.00 100.00 %0.00111-5611-56042 8,375,000.00 ADVERTISING 129,100.00 3,000.00 126,100.00 97.68 %3,000.00111-5611-56080 129,100.00 COMMUNITY DEVELOPMENT 54,950.00 5,019.83 49,930.17 90.86 %5,019.83111-5611-56090 54,950.00 COMMUNICATIONS 7,900.00 293.74 7,606.26 96.28 %293.74111-5611-56110 7,900.00 RENTAL 27,000.00 0.00 27,000.00 100.00 %0.00111-5611-56180 27,000.00 TRAVEL & TRAINING 73,000.00 6,145.40 66,854.60 91.58 %6,145.40111-5611-56210 73,000.00 DUES & SUBSCRIPTIONS 57,824.00 17,197.46 40,626.54 70.26 %17,197.46111-5611-56250 57,824.00 INSURANCE 6,303.00 6,146.31 156.69 2.49 %6,146.31111-5611-56310 6,303.00 AUDIT & LEGAL SERVICES 23,000.00 1,210.00 21,790.00 94.74 %1,210.00111-5611-56510 23,000.00 ENGINEERING/ARCHITECTURAL 87,500.00 0.00 87,500.00 100.00 %0.00111-5611-56570 87,500.00 6 11/15/2022 Item B. Budget Report For Fiscal: 2022-2023 Period Ending: 10/31/2022 11/7/2022 3:01:01 PM Page 2 of 4 Fiscal Activity Variance Favorable (Unfavorable) Percent Remaining Current Total Budget Period Activity Original Total Budget UTILITIES-ELECTRIC 2,400.00 249.87 2,150.13 89.59 %249.87111-5611-56610 2,400.00 Category: 560 - Contractual Services Total:79,700.8279,700.8212,364,230.00 12,364,230.00 12,284,529.18 99.36% Category: 570 - Debt Service & Capital Replacement PRINCIPAL PAYMENT 575,973.97 24,184.89 551,789.08 95.80 %24,184.89111-5611-57410 575,973.97 INTEREST EXPENSE 656,023.67 22,754.96 633,268.71 96.53 %22,754.96111-5611-57415 656,023.67 Category: 570 - Debt Service & Capital Replacement Total:46,939.8546,939.851,231,997.64 1,231,997.64 1,185,057.79 96.19% Category: 580 - Capital Outlay LAND-PURCHASE PRICE 2,090,000.00 0.00 2,090,000.00 100.00 %0.00111-5611-58110 2,090,000.00 Category: 580 - Capital Outlay Total:0.000.002,090,000.00 2,090,000.00 2,090,000.00 100.00% Expense Total:150,365.47150,365.4716,143,685.72 16,143,685.72 15,993,320.25 99.07% Fund: 111 - WYLIE ECONOMIC DEVEL CORP Surplus (Deficit):-150,365.47-150,365.47-7,963,539.72 -7,963,539.72 7,813,174.25 98.11% Report Surplus (Deficit):-150,365.47 -150,365.47-7,963,539.72 -7,963,539.72 7,813,174.25 98.11% 7 11/15/2022 Item B. Budget Report For Fiscal: 2022-2023 Period Ending: 10/31/2022 11/7/2022 3:01:01 PM Page 3 of 4 Group Summary Fiscal Activity Variance Favorable (Unfavorable) Period ActivityCategor… Current Total Budget Original Total Budget Percent Remaining Fund: 111 - WYLIE ECONOMIC DEVEL CORP Revenue 400 - Taxes 0.000.004,124,241.00 4,124,241.00 -4,124,241.00 100.00% 460 - Interest Income 0.000.006,000.00 6,000.00 -6,000.00 100.00% 480 - Miscellaneous Income 0.000.004,049,905.00 4,049,905.00 -4,049,905.00 100.00% 0.000.008,180,146.00 8,180,146.00 -8,180,146.00Revenue Total:100.00% Expense 510 - Personnel Services 21,968.9321,968.93439,008.08 439,008.08 417,039.15 95.00% 520 - Supplies 781.63781.638,300.00 8,300.00 7,518.37 90.58% 540 - Materials for Maintenance 974.24974.2410,150.00 10,150.00 9,175.76 90.40% 560 - Contractual Services 79,700.8279,700.8212,364,230.00 12,364,230.00 12,284,529.18 99.36% 570 - Debt Service & Capital Replacement 46,939.8546,939.851,231,997.64 1,231,997.64 1,185,057.79 96.19% 580 - Capital Outlay 0.000.002,090,000.00 2,090,000.00 2,090,000.00 100.00% 150,365.47150,365.4716,143,685.72 16,143,685.72 15,993,320.25Expense Total:99.07% -150,365.47-150,365.47-7,963,539.72 -7,963,539.72 7,813,174.25Fund: 111 - WYLIE ECONOMIC DEVEL CORP Surplus (Deficit):98.11% Report Surplus (Deficit):-150,365.47 -150,365.47-7,963,539.72 -7,963,539.72 7,813,174.25 98.11% 8 11/15/2022 Item B. Budget Report For Fiscal: 2022-2023 Period Ending: 10/31/2022 11/7/2022 3:01:01 PM Page 4 of 4 Fund Summary Fiscal Activity Variance Favorable (Unfavorable)Fund Period Activity Current Total Budget Original Total Budget 111 - WYLIE ECONOMIC DEVEL CORP -150,365.47-150,365.47-7,963,539.72 -7,963,539.72 7,813,174.25 Report Surplus (Deficit):-150,365.47 -150,365.47-7,963,539.72 -7,963,539.72 7,813,174.25 9 11/15/2022 Item B. Wylie Economic Development Corporation Statement of Net Position As of October 31, 2022 Assets Cash and cash equivalents 10,897,775.51$ Receivables 51,500.00$ Note 1 Inventories 16,271,495.53$ Prepaid Items ‐$ Total Assets 27,220,771.04$ Deferred Outflows of Resources Pensions 75,630.55$ Total deferred outflows of resources 75,630.55$ Liabilities Accounts Payable and other current liabilities 16,958.48$ Unearned Revenue 1,200.00$ Note 2 Non current liabilities: Due within one year 570,778.21$ Note 3 Due in more than one year 15,681,473.23$ Total Liabilities 16,270,409.92$ Deferred Inflows of Resources Pensions (45,385.41)$ Total deferred inflows of resources (45,385.41)$ Net Position Net investment in capital assets ‐$ Unrestricted 10,980,606.26$ Total Net Position 10,980,606.26$ Note 1: Includes incentives in the form of forgivable loans for $40,000 (LUV‐ROS) Note 2: Deposits from rental property Note 3: Liabilities due within one year includes compensated absences of $32,301 10 11/15/2022 Item B. 11/7/2022 2:57:47 PM Page 1 of 3 Balance Sheet Account Summary As Of 10/31/2022 Account Name Balance Fund: 111 - WYLIE ECONOMIC DEVEL CORP Assets 111-1000-10110 CLAIM ON CASH AND CASH EQUIV.10,591,943.82 111-1000-10115 CASH - WEDC - INWOOD 0.00 111-1000-10135 ESCROW 0.00 111-1000-10180 DEPOSITS 2,000.00 111-1000-10198 OTHER - MISC CLEARING 0.00 111-1000-10341 TEXPOOL 0.00 111-1000-10343 LOGIC 0.00 111-1000-10481 INTEREST RECEIVABLE 0.00 111-1000-11511 ACCTS REC - MISC 0.00 111-1000-11517 ACCTS REC - SALES TAX 346,236.36 111-1000-12810 LEASE PAYMENTS RECEIVABLE 0.00 111-1000-12950 LOAN PROCEEDS RECEIVABLE 0.00 111-1000-12996 LOAN RECEIVABLE 0.00 111-1000-12997 ACCTS REC - JTM TECH 0.00 111-1000-12998 ACCTS REC - FORGIVEABLE LOANS 40,000.00 111-1000-14112 INVENTORY - MATERIAL/ SUPPLY 0.00 111-1000-14116 INVENTORY - LAND & BUILDINGS 16,271,495.53 111-1000-14118 INVENTORY - BAYCO/ SANDEN BLVD 0.00 111-1000-14310 PREPAID EXPENSES - MISC 0.00 111-1000-14410 DEFERRED OUTFLOWS 683,934.00 27,935,609.71Total Assets:27,935,609.71 Liability 111-2000-20110 FEDERAL INCOME TAX PAYABLE 0.00 111-2000-20111 MEDICARE PAYABLE 0.00 111-2000-20112 CHILD SUPPORT PAYABLE 0.00 111-2000-20113 CREDIT UNION PAYABLE 0.00 111-2000-20114 IRS LEVY PAYABLE 0.00 111-2000-20115 NATIONWIDE DEFERRED COMP 0.00 111-2000-20116 HEALTH INSUR PAY-EMPLOYEE 5,972.30 111-2000-20117 TMRS PAYABLE 5,273.68 111-2000-20118 ROTH IRA PAYABLE 0.00 111-2000-20119 WORKERS COMP PAYABLE 0.00 111-2000-20120 FICA PAYABLE 0.00 111-2000-20121 TEC PAYABLE 0.00 111-2000-20122 STUDENT LOAN LEVY PAYABLE 0.00 111-2000-20123 ALIMONY PAYABLE 0.00 111-2000-20124 BANKRUPTCY PAYABLE 0.00 111-2000-20125 VALIC DEFERRED COMP 0.00 111-2000-20126 ICMA PAYABLE 0.00 111-2000-20127 EMP. LEGAL SERVICES PAYABLE 0.00 111-2000-20130 FLEXIBLE SPENDING ACCOUNT 10,562.24 111-2000-20131 EDWARD JONES DEFERRED COMP 0.00 111-2000-20132 EMP CARE FLITE 12.00 111-2000-20133 Unemployment Comp Payable 0.01 111-2000-20151 ACCRUED WAGES PAYABLE 0.00 111-2000-20180 ADDIT EMPLOYEE INSUR PAY 211.70 111-2000-20199 MISC PAYROLL PAYABLE 0.00 111-2000-20201 AP PENDING 0.00 111-2000-20210 ACCOUNTS PAYABLE 0.00 111-2000-20530 PROPERTY TAXES PAYABLE 0.00 111-2000-20540 NOTES PAYABLE 683,934.00 111-2000-20810 DUE TO GENERAL FUND 0.00 11 11/15/2022 Item B. Balance Sheet As Of 10/31/2022 11/7/2022 2:57:47 PM Page 2 of 3 Account Name Balance 111-2000-22270 DEFERRED INFLOW 0.00 111-2000-22275 DEF INFLOW - LEASE PRINCIPAL 0.00 111-2000-22280 DEFERRED INFLOW - LEASE INT 0.00 111-2000-22915 RENTAL DEPOSITS 1,200.00 707,165.93Total Liability: Equity 111-3000-34110 FUND BALANCE - RESERVED 0.00 111-3000-34590 FUND BALANCE-UNRESERV/UNDESIG 27,378,809.25 27,378,809.25Total Beginning Equity: 0.00Total Revenue 150,365.47Total Expense -150,365.47Revenues Over/Under Expenses Total Liabilities, Equity and Current Surplus (Deficit):27,935,609.71 27,228,443.78Total Equity and Current Surplus (Deficit): 12 11/15/2022 Item B. Balance Sheet As Of 10/31/2022 11/7/2022 2:57:47 PM Page 3 of 3 Account Name Balance Fund: 922 - GEN LONG TERM DEBT (WEDC) Assets 922-1000-10312 GOVERNMENT NOTES 0.00 922-1000-18110 LOAN - WEDC 0.00 922-1000-18120 LOAN - BIRMINGHAM 0.00 922-1000-18210 AMOUNT TO BE PROVIDED 0.00 922-1000-18220 BIRMINGHAM LOAN 0.00 922-1000-19050 DEF OUTFLOW TMRS CONTRIBUTIONS 39,535.29 922-1000-19051 DEF OUTFLOW SDBF CONTRIBUTIONS 3,027.00 922-1000-19075 DEF OUTFLOW - INVESTMENT EXP -37,953.52 922-1000-19100 DEF OUTFLOW - ACT EXP/ASSUMP 71,021.78 922-1000-19125 (GAIN)/LOSS ON ASSUMPTION CHGS -44,574.41 922-1000-19126 DEF INFLOW SDBF CONTRIBUTIONS -811.00 30,245.14Total Assets:30,245.14 Liability 922-2000-20310 COMPENSATED ABSENCES PAYABLE 0.00 922-2000-20311 COMP ABSENCES PAYABLE-CURRENT 32,300.82 922-2000-21410 ACCRUED INTEREST PAYABLE 9,604.44 922-2000-28205 WEDC LOANS/CURRENT -24,184.89 922-2000-28220 BIRMINGHAM LOAN 0.00 922-2000-28230 INWOOD LOAN 0.00 922-2000-28232 ANB LOAN/EDGE 0.00 922-2000-28233 ANB LOAN/PEDDICORD WHITE 0.00 922-2000-28234 ANB LOAN/RANDACK HUGHES 0.00 922-2000-28235 ANB LOAN 0.00 922-2000-28236 ANB CONSTRUCTION LOAN 0.00 922-2000-28237 ANB LOAN/ WOODBRIDGE PARKWAY 0.00 922-2000-28238 ANB LOAN/BUCHANAN 0.00 922-2000-28239 ANB LOAN/JONES:HOBART PAYOFF 0.00 922-2000-28240 HUGHES LOAN 0.00 922-2000-28242 ANB LOAN/HWY 78:5TH ST REDEV 0.00 922-2000-28245 ANB LOAN/DALLAS WHIRLPOOL 0.00 922-2000-28246 GOVCAP LOAN/KIRBY 7,846,537.60 922-2000-28247 JARRARD LOAN 144,081.16 922-2000-28248 GOVCAP LOAN/SERIES 2022 8,067,548.32 922-2000-28250 CITY OF WYLIE LOAN 0.00 922-2000-28260 PRIME KUTS LOAN 0.00 922-2000-28270 BOWLAND/ANDERSON LOAN 0.00 922-2000-28280 CAPITAL ONE CAZAD LOAN 0.00 922-2000-28290 HOBART/COMMERCE LOAN 0.00 922-2000-29150 NET PENSION LIABILITY 185,989.17 922-2000-29151 SDBF LIABILITY 11,026.00 16,272,902.62Total Liability: Equity 922-3000-34590 FUND BALANCE-UNRESERV/UNDESIG -16,146,578.37 922-3000-35900 UNRESTRICTED NET POSITION -120,264.00 -16,266,842.37Total Beginning Equity: 0.00Total Revenue -24,184.89Total Expense 24,184.89Revenues Over/Under Expenses Total Liabilities, Equity and Current Surplus (Deficit):30,245.14 -16,242,657.48Total Equity and Current Surplus (Deficit): 13 11/15/2022 Item B. MONTH FY 2019 FY 2020 FY 2021 FY 2022 DECEMBER 214,867.15$ 226,663.94$ 235,381.33$ 263,577.66$ 28,196.33$ 11.98% JANUARY 223,749.61$ 218,520.22$ 262,263.52$ 326,207.92$ 63,944.40$ 24.38% FEBRUARY 307,366.66$ 362,129.18$ 456,571.35$ 417,896.79$ (38,674.56)$ -8.47% MARCH 208,222.32$ 228,091.34$ 257,187.91$ 305,605.50$ 48,417.59$ 18.83% APRIL 182,499.53$ 203,895.57$ 221,881.55$ 265,773.80$ 43,892.25$ 19.78% MAY 274,299.18$ 289,224.35$ 400,371.70$ 401,180.20$ 808.50$ 0.20% JUNE 234,173.88$ 239,340.35$ 290,586.92$ 343,371.26$ 52,784.34$ 18.16% JULY 215,107.94$ 296,954.00$ 314,559.10$ 331,432.86$ 16,873.76$ 5.36% AUGUST 283,602.93$ 325,104.34$ 390,790.76$ 429,696.16$ 38,905.40$ 9.96% SEPTEMBER 243,048.40$ 259,257.89$ 307,681.15$ 337,512.61$ 29,831.46$ 9.70% OCTOBER 224,875.38$ 249,357.02$ 326,382.38$ 346,236.36$ 19,853.99$ 6.08% NOVEMBER 308,324.41$ 384,953.89$ 411,813.32$ -$ -$ 0.00% Sub-Total 2,920,137.37$ 3,283,492.09$ 3,875,470.98$ 3,768,491.12$ 304,833.46$ 10.54% Total 2,920,137.37$ 3,283,492.09$ 3,875,470.98$ 3,768,491.12$ 304,833.46$ 10.54% *** Sales Tax collections typically take 2 months to be reflected as Revenue. SlsTx receipts are then accrued back 2 months. Example: October SlsTx Revenue is actually August SlsTx and is therefore the 11th allocation in FY22. DIFF 21 vs. 22 % DIFF 21 vs. 22 Wylie Economic Development Corporation SALES TAX REPORT October 31, 2022 BUDGETED YEAR $0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 $400,000 $450,000 $500,000 WEDC Sales Tax Analysis 2021 2022 14 11/15/2022 Item B. Wylie Economic Development Board AGENDA REPORT Page 1 of 3 Meeting Date: November 15, 2022 Item Number: DS1 Prepared By: Jason Greiner Account Code: Date Prepared: 11-9-22 Exhibits: 1 Subject Staff report: WEDC Property Update, Temporary Access Agreements, Downtown Parking, Engineering Report, Upcoming Events, and WEDC Activities/Programs. Recommendation No action is requested by staff for this item. Discussion WEDC Property Update: Property Management  Staff is still working with our property management team and legal regarding 104 S Ballard.  Notice to vacate letters have been sent to the tenants leasing at 106 N Birmingham, 605 Commerce (200, 201, & 204), and 908 Kirby. Property- UP Lot/N Keefer  City Council approved the change of zoning for 401 N Keefer from Downtown Historic-Residential only to allow for commercial and/or residential uses on Feb 22; The UP Lot will have to go through the same process (at HRC, P&Z, & CC).  WEDC closed on the UP property on September 30th.  Request for zoning change to allow commercial on the west side of the RR tracks was to be reviewed by HRC on October 27th, but the meeting was postponed due to lack of quorum. Meeting/Public Hearing was rescheduled for November 17th, with P&Z review slated for December 6th and City Council review on January 10th. Property- 200 W Brown  Closing took place on 8-19-22.  Due to a recent change in Zoning Ordinance, staff will now need to bring the subject of demolition of this structure to the rescheduled Historic Review Commission meeting on November 17th.  If approved, staff anticipates Police & Fire Training in Dec or Jan with demolition prior to February 1st. Downtown Parking: - No Update  The new site plan was initially reviewed with Engineering, but the biggest issue is detention & drainage. 15 11/15/2022 Item DS1. Page 2 of 3  Downtown Thoroughfare and Drainage Studies may need to be completed prior to moving forward with construction.  Staff is working with the UP representative to obtain the ILA for the City of Wylie.  Ongoing coordination by KH with railroad to park in the excess ROW. KH to have expanded downtown survey completed. Once Downtown master drainage study and thoroughfare plan are complete, KH to provide proposal to plan and design additional parking Downtown. Engineering Report: Design & Engineering - FM 544/Cooper – Kimley Horn (KH)  The initial design has been received and includes the proposed private fire lane, decel lane, wet utilities and storm sewer improvements.  KH will request a meeting with City Engineering and Planning to discuss any potential concerns that would affect platting/plan review process. Timeline/schedule will be determined after the meeting with the City.  Staff will be begin working on the Planned Development to accompany the Preliminary and Final Plat submittals.  Completion Date: early 2023 Water Line Relocation- State Hwy 78/Brown  Dowager has installed the new pipe and completed the boring under Brown St.  Dowager anticipates the shutdown Nov 16-17.  Excavation and removal of the old line would begin once the new line is up and operational.  Completion Date: Dec, exact date is TBD. Environmental- State Hwy 78 & Brown – Elm Creek (EC)  EC has contracted with Sunbelt Industrial Services to remove the contaminated soil and plug and abandon the remaining groundwater sampling wells. Sunbelt is scheduled to do the dig and haul of the contaminated soil on Monday 11/21. We have also been assigned a new project manager with TCEQ and she is in the process of reviewing the APAR.  Once these tasks are done, EC will be complete with all groundwork at the site unless TCEQ requests additional tasks, which is not believed to be likely.  A Response Action Effectiveness Report (RAER) that details the remediation done at the site will be completed after soil removal and EC will apply for a certificate of closure. This timeline is dependent on how long TCEQ takes to review the APAR and RAER and if they request any additional work done at the site.  Completion Date: EOY or early 2023 Planned Development (Cooper Plaza)- State Hwy 78 & Brown  Public Hearing for the proposed zoning change from Commercial Corridor to Planned Development- Commercial Corridor has been scheduled for November 15th at P&Z and December 13th at City Council. Flood Study- Hooper/Steel (KH)  Cardinal flood study review is complete.  KH compiled recommendations on drainage/detentions improvements. Staff will review options and recommendations with the Board and KH will provide additional modeling to staff. Flood Study, Tree Survey, Water & Sewer Extension - State Hwy 78/Alanis (KH)  Ongoing coordination underway with the adjacent property owners on the proposed drainage and sanitary sewer easement.  The tree staking and tree survey will start in the next few weeks. 16 11/15/2022 Item DS1. Page 3 of 3 Upcoming Events:  Wylie Community Care Center Breakfast – Nov 15  Entrepreneur’s Expo – Nov 15  P&Z- PD Review: Hwy 78 & Brown – Nov 15  Collin Leadership Policy Summit – Nov 16  HRC Meeting – Nov 17 o Demolition: 200 W Brown o Zoning Change: Keefer/UP lot  Chamber of Commerce Cornament – Nov 17  Please see the attached Marketing Calendar for the full list of upcoming events WEDC Activities/Programs:  OU/Economic Development Institute- Rachael Hermes o Credit Analysis o Real Estate Development & Reuse  TEDC Annual Conference- Jason Greiner  Chamber of Commerce Luncheon featuring MFG/Wylie CTE - Oct 25  BRE Updates: o 3 BRE visits were conducted this month. o MFG Day Kickoff & Community Event – October 7 o MFG Day Tours – 5 Additional Tours were scheduled for the remainder of the month. o Registered Apprenticeship Program has been completed and certified by DOL. Signing Ceremony took place on Nov 14.  Sales tax revenues for the month of November are down 4.62% due to an audit collections adjustment in the amount of $179,533.05. (Without consideration of the adjustment, collections are still up 6.28% for the month of November.)  Overall sales tax revenues for FY22 were up 9.28% or roughly $285,000 over last year. 17 11/15/2022 Item DS1. 2022 October ‐ Industry Appreciation Month Board Meeting – 19th Day Time Meeting/Event 4 8:30 am WDMA Meeting‐ aw, dd 6 Leadership Wylie‐ WISD and Collin College‐ rh 7 Manufacturing Day – Robotics‐Welding Tours 7 4:00‐7:00 pm MFG Day Community Event, Sanden 11 6:00 pm City Council 15‐21 OU EDI Prof Dev‐ED Credit Analysis, Real Estate Dev & Reuse – Louisville ‐ rh 19 7:30 am WEDC‐ Board Meeting 19‐21 TEDC Annual Conference ‐ San Antonio – jg 19 Manufacturing Day – Compounding Pharmacy Tours 21 Manufacturing Day – Graphic Arts 22‐26 IAMC Fall 2022 Professional Forum‐ Detroit, MI 25 11:30 am Wylie Chamber of Commerce‐ MFG & Workforce Luncheon 25 6:00 pm City Council 26 Manufacturing Day – Construction Tours 28 TEDC‐ Sales Tax Workshop, Houston 2022 November Board Meeting ‐ 15th Day Time Meeting/Event 1 8:30 am WDMA Meeting‐ aw 1‐4 TEDC 2022 Fall Basic Economic Development Course, Richardson‐ dd/mb 1‐4 TDA Annual Conference – San Marcos 8 6:00 pm City Council‐ Small Business Sat, Nat’l Apprenticeship Week, Nat’l Entrepreneur’s Day 10 Leadership Wylie‐ Non‐Profits‐ rh 10 10:00‐3:00 Red, White & YOU! Hiring Event‐ Plano Events Center 11 Veterans Day‐ City Holiday 14 10:00 am Raytheon Apprenticeship Signing Day‐aw 14‐20 National Apprenticeship Week 15 National Entrepreneur’s Day 15 7:30 am WEDC‐ Board Meeting 15 9:00 am Wylie Community Christian Care Center Breakfast 15 4:00 pm Entrepreneurs Expo 15 6:00 pm P&Z‐ PD Review: Hwy 78 & Brown 16 8:30‐1:00 pm Collin Leadership Policy Summit – Frisco 17 6:00 pm HRC Meeting‐Demolition: 200 W Brown & Zoning Change: Keefer/UP lot 17 6:00 pm Chamber of Commerce Cornament 24‐25 CLOSED Thanksgiving Holiday 26 Small Business Saturday 2022 December Board Meeting – 21st Day Time Meeting/Event 1 6:00 pm Chamber of Commerce Winter Wonderland Elfin Gala 3 9am‐4pm Wylie Arts Festival‐ The Cross Event Center 4 6:00 pm Christmas Parade and Tree Lighting 6 8:30 am WDMA Meeting‐ aw, jg 6 6:00 pm P&Z‐ Zoning Change: Keefer 13 6:00 pm City Council 18 11/15/2022 Item DS1. 21 7:30 am WEDC‐ Board Meeting 23, 26 CLOSED Christmas Holiday Around the Corner…  New Year’s Holiday Observed, Jan 2  Martin Luther King Jr. Holiday Observed, Jan 16  Wylie Days in Austin, February 6‐7  Project U in Burleson, February 21  WISD Education Foundation Boots ‘N BBQ Gala, March 18 at 6:00 pm 19 11/15/2022 Item DS1. Wylie Economic Development Board AGENDA REPORT Page 1 of 1 Meeting Date: November 15, 2022 Item Number: DS2 Prepared By: Jason Greiner Account Code: Date Prepared: November 7, 2022 Exhibits: Subject Update from the Subcommittee of the Board to review and recommend any modifications to the existing bylaws of the Corporation. Recommendation No action is requested by staff for this item. Discussion Staff will lead a discussion regarding the Subcommittee’s progress and provide an update at the meeting. 20 11/15/2022 Item DS2.