The URL can be used to link to this page

08-16-2023 (WEDC) Agenda Packet Wylie Economic Development Corporation WYLIEEDC Board Regular Meeting August 16, 2023 —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 individual, 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 will 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 Agenda and will be considered separately. A. Consider and act upon approval of Minutes from the July 19, 2023 Regular Meeting of the WEDC Board of Directors. B. Consider and act upon approval of the July 2023 WEDC Treasurer's Report. REGULAR AGENDA 1. Consider and act upon a Third Amendment to the Purchase and Sale Agreement between WEDC and MLKJ Investments LLC. 2. Consider and act upon issues surrounding the disposition of WEDC properties located at Squire. 3. Consider and act upon issues related to the commercial lease at 104 S Ballard. 4. Consider and act upon issues related to street-naming at FM 544 Gateway. DISCUSSION ITEMS DS 1. Discussion regarding WEDC Board Retreat. DS2. Staff report: WEDC Property Update, Temporary Access Agreements, Downtown Parking, Engineering Report,Upcoming Events, and WEDC Activities/Programs. EXECUTIVE SESSION 1 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 544/Cooper, FM 544/Sanden, Jackson/Oak,Regency/Steel, State Hwy 78/Ballard, and State Hwy 78/Brown. Sec. 551.074.PERSONNEL MATTERS; CLOSED MEETING. (a)This chapter does not require a governmental body to conduct an open meeting: (1)to deliberate the appointment,employment, evaluation,reassignment,duties,discipline, or dismissal of a public officer or employee; or (2)to hear a complaint or charge against an officer or employee. (b)Subsection(a)does not apply if the officer or employee who is the subject of the deliberation or hearing requests a public hearing. Sec. 551.087. DELIBERATION REGARDING ECONOMIC DEVELOPMENT NEGOTIATIONS; CLOSED MEETING. 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, 2021-2d, 2021-4c, 2021-5a, 2021-6c, 2021-9b, 2022-lb, 2022-1c, 2022-7b, 2022-10c, 2023-la, 2023-1c, 2023-2d, 2023-3b, 2023-5b, 2023-6b, 2023-6c,2023-6d, 2023-7a, 2023-7b, and 2023-7c. 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 August 11, 2023 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. 2 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 required, 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. 3 0811612023 Minutes Wylie Economic Development Corporation Board of Directors Meeting July 19, 2023 —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 7:30 a.m. Board Members present were Melisa Whitehead,Blake Brininstool,and Aaron Jameson. Ex-Officio Member City Manager Brent Parker and Mayor pro tem Jeff Forrester were present. WEDC staff present included Executive Director Jason Greiner,BRE Director Angel Wygant, Senior Assistant Rachael Hermes, 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 Bob Heath addressed the Board,as a business owner in Wylie,to express gratitude for the work that Wylie EDC does for the community. Mr. Heath noted the efforts that he and his son have made to restore buildings in downtown Wylie and encouraged the Board to thoughtfully consider the structures in downtown Wylie and how future WEDC projects might affect downtown. With no other 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 June 21,2023 Regular Meeting of the WEDC Board of Directors. B. Consider and act upon approval of the June 2023 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 4-0. President Dawkins moved to Discussion Items. DISCUSSION ITEMS DSL Staff report: WEDC Property Update, Temporary Access Agreements, Downtown Parking, Engineering Report,Upcoming Events,and WEDC Activities/Programs. 0811612023 WEDC—Minutes July 19, 2023 Page 2 of 4 Staff Comments Regarding property management, staff discussed the tenant's request to install new and/or additional A/C units at 104 S Ballard.The Board and Staff again discussed the issues surrounding the tenant's desire to further expand the general retail space into more of a restaurant use.When the property was first acquired, the A/C unit was able to sufficiently cool the building.As previously noted,the former use of this building as a Pawn Shop and as All the Rave Nutrition were not a strain on the existing infrastructure. However, due to the recent change of use, the existing A/C unit on the roof does not have the excess capacity to offset the heat generated by the new coolers, freezers, ice machines and additional equipment that the tenants have installed for Loteria Fruteria. The Board discussed the relatively short-term nature of the lease and collectively did not feel that an investment in new rooftop A/C units is an appropriate use of funds, especially if the building will be demolished soon. Staff discussed a possible option and requested feedback from the Board regarding concessions on the next month's rent to help offset the cost of the temporary plug-in A/C units.The Board agreed to allow the costs of the interior/floor A/C units to be taken from the amount due in the monthly rent.The Board requested that the WEDC Property Manager oversee the installation to ensure that proper installation occurs. The Board discussed the original intent to acquire 104 S Ballard for redevelopment of the area.However, since there was an existing lease for the All the Rave, the Board, Staff and Property Manager have all worked with the tenant to accommodate their needs. However,the unapproved change of the businesses, change of the use,and issues surrounding a series of defaults on their lease,the Board has discussed when to move forward with the redevelopment project. The board again reiterated the desire to get back to Economic Development and out of the Property Management business. The intent is not to disrupt the business operations when the WEDC provides a notice to vacate. The Board further discussed their commitment to help get the tenant through the hot/busy summer months and to encourage them to find a new location as soon as possible.To do so,the Board suggested establishing a clear date to vacate for the tenant,possibly at the end of the calendar year. Staff and the Board noted that this is a month-to-month lease with 90-day notice to vacate and it was confirmed that this has been reiterated to the tenants by Staff, individual Board Members and the Property Manager. The Board discussed opportunities for relocation in downtown Wylie and Staff agreed to assist,if possible, in the relocation of this business to a building better suited for their use. Given the feedback and direction, additional consideration will be required at a future Board Meeting, so the item will come back as a Regular Agenda item. Staff then referred the Board to the Agenda Report provided in the packet for all other updates related to the WEDC Property Update, Temporary Access Agreements, Downtown Parking, Engineering Report, BRE Updates,Upcoming Events, and WEDC Activities/Programs. The Board noted potential issues for traffic exiting onto FM 544 depending on use at the FM 544 Gateway development. Regarding property management, staff confirmed they will begin the process of notifying tenants at the WEDC-owned properties previously discussed that are subject to the issuance of notices to vacate. President Dawkins then moved back to consider Regular Agenda Items. REGULAR AGENDA 1. Consider and act upon the approval of the FY 2023-2024 WEDC Budget. Staff Comments An overview was provided to the Board of the WEDC budget as presented to City Council on July 25, 2023,noting that no changes have been made since that time. Staff highlighted estimates of$18.5 MM in 0811612023 WEDC—Minutes July 19, 2023 Page 3 of 4 available resources including a $11.1 MM beginning fund balance. Staff reminded the Board that substantial funds are being carried into next year due to unexpected changes in project timelines. Sales tax revenue is estimated to be $4.5 MM, which is a 10% increase. Personnel Services expenses are up from$439,008 to$629,900 with the addition of 1 FT and 1 PT personnel.Incentives are down due to the completion of some projects and elimination of other anticipated incentive projects that will not be moving forward. Debt service will remain the same until principal reductions can be made in the next 3- 4 years. WEDC's Capital Outlay has been budgeted for$1 MM and can be modified if the Board opts to acquire additional properties. The largest increase this year can be found in Special Services. Working with the finance department last year, staff reclassified the WEDC Expenses in Infrastructure Projects (Streets&Alleys)to Special Services.These expenses have always been accounted for in Capital Outlay, however, since the WEDC does not maintain ownership of the street, alley,water, sewer, or natural gas lines, they have been moved to Special Services. The Special Services Account has been split into three sub-categories to more adequately track the taxable vs. non-tax nature of these expenses for reporting purposes. Advertising is up from $129,100 to $226,125 with additional tourism and regional marketing efforts. Engineering is up from$87,500 to $530,175 due to the number of active infrastructure projects, which includes a place holder for a$206,000 flood study. Staff estimates a FY24 ending fund balance of $2 MM. Board Action A motion was made by Melisa Whitehead, seconded by Blake Brininstool,to approve the FY 2023-2024 WEDC Budget as presented. A vote was taken,and the motion passed 4-0. 2. Consider and act upon a Second Amendment to the Purchase and Sale Agreement between the WEDC and McClure Partners Construction Company. Staff Comments WEDC entered into a contract with.McClure Partners Construction Company in 2020 to work toward the redevelopment of the Highway 78 and Brown Properties. A First Amendment was approved on March 16, 2022, to address issues with the completion of the water line relocation. Although the waterline relocation has been completed and staff anticipates final closure of the project within the next 60 days, discussions are still ongoing regarding the detention pond sizing and must be finalized before a final plat and easement abandonment can be completed. The Second Amendment will extend the water line relocation deadline by six months, from March 31, 2023 to September 30, 2023 to allow more time to wrap up the civils and submit a Final Plat for the city's approval. Board Action A motion was made by Aaron Jameson,seconded by Blake Brininstool,to approve a Second Amendment to the Purchase and Sale Agreement between the WEDC and McClure Partners Construction Company and further authorize WEDC President Dawkins to execute said agreement. A vote was taken, and the motion passed 4-0. EXECUTIVE SESSION Recessed into Closed Session at 8:46 a.m.in compliance with Section 551.001,et.seq.Texas Government Code, to wit: Sec. 551.072. DELIBERATION REGARDING REAL PROPERTY; CLOSED MEETING. ESl. Consider the sale or acquisition of properties located at Ballard/Brown, Brown/Eubanks, FM 544/Cooper,FM 544/Sanden,Jackson/Oak,Regency/Steel,State Hwy 781Ballard,and State Hwy 78/Brown. 0811612023 WEDC—Minutes July 19, 2023 Page 4 of 4 Sec. 551.074.PERSONNEL MATTERS; CLOSED MEETING. 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, 2021-2d, 2021-4c, 2021-5a,2021-6c,2021-9b,2022-lb,2022-le,2022-7b,2022-10c,2023-1a,2023-1c,2023-2d, 2023- 3b,2023-5b,2023-6b,2023-6c,2023-6d,2023-7a,2023-7b,and 2023-7c. Mayor pro tern Jeff Forrester left at 9:32 a.m. 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 0811612023/WYLIEEDC tem B. Wylie Economic Development Board AGENDA REPORT Meeting Date: August 16, 2023 Item Number: B Prepared By: Jason Greiner Account Code: Date Prepared: August 11, 2023 Exhibits: 5 Consider and act upon approval of the July 2023 WEDC Treasurer's Report. Recommendation Motion to approve the July 2023 WEDC Treasurer's Report. Presented for the Board's review and approval is the July 2023 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, Sales Tax Report, and the Performance Agreement Summary. REVENUES: Sales Tax Revenue earned in May allocated in July,was$379,162.00,an increase of 14.40%over the same period in 2022. EXPENSES: Engineering/Architecture $38,741.80 Kimley Horn(General Engineering) $18,402.43 Kimley Horn(General Engineering) Incentives $20,000 North Dallas Wylie Land Investors(Incentive 3 of 4) $30,000 Avanti(Incentive 4 of 4) Page I of 1 ECONOMIC 1 0811612023 Item B. WYLIEDEVELOPMEN'r July Rev/Exp Report Account Summary For Fiscal: 2022-2023 Period Ending: 07/31/2023 Variance Original Current Period Fiscal Favorable Percent Total Budget Total Budget Activity Activity (Unfavorable) Remaining Fund:111-WYLIE ECONOMIC DEVEL CORP Revenue 111400040210 SALES TAX 4,124,241.00 4,124,241.00 379,162.00 2,955,499.71 -1,168,741.29 28.34% 11.1 4007 43518 380 ECONOMIC AGREEMENTS 0.00 0.00 0.00 279,047.05 279,047.05 0.00% 111400046110 ALLOCATED INTEREST EARNINGS 6,000.00 6,000.00 0.00 261,386.42 255,386.42 4,356.44% 11-1400048110 RENTAL INCOME 134,220.00 134,220.00 0.00 91,307.68 -42,912.32 31.97% 111400048410 MISCELLANEOUS INCOME 0.00 0.00 0.00 1,000.00 1,000.00 0.00% 111 4000 48430 GAIN/(LOSS)SALE OF CAP ASSETS 3,915,685.00 3,915,685.00 0.00 -24,603.10 -3,940,288.10 100.63% Revenue Total: 8,180,146.00 8,180,146.00 379,162.00 3,563,637.76 -4,616,508.24 56.44% Expense -111 56.1151110 SALARIES 310,346.40 310,346.40 24,768.90 271,768.47 38,577.93 12.43% OVERTIME 0.00 0.00 252.25 2,811.98 -2,811.98 0.00% 111 5611 51140 LONGEVITY PAY 914.00 914.00 0.00 916.00 -2.00 -0.22% 111 561.1 5_1310 TIVIRS 48,245.30 48,245.30 3,878.29 42,915.36 5,329.94 11.05% 111 5611 51410 -- ---- ---- ----------- HOSPITAL&LIFE INSURANCE 51,987.17 51,987.17 4,161.29 41,677.21 10,309.96 19.83% 111 51420 -- ._._5- -611__.- LONG-TERM DISABILITY 1,768.97 1,768.97 58.50 503.98 1,264.99 71.51% 1115611 51440 FICA 19,298.12 19,298.12 1,420.06 15,913.83 3,384.29 17.54% 1115611 51450 MEDICARE 4,513.27 4,513.27 332.11 3,721.78 791.49 17.54% 111561151470 -- ---------------------------- WORKERS COMP PREMIUM 854.85 1,089.21 0.00 1,088.89 0.32 0.03% 1115611 51480 -- ------------------------- UNEMPLOYMENT COMP(TWC) 1,080.00 1,080.00 0.00 35.98 1,044.02 96.67% 1115611 52010 -- -------------------------- OFFICE SUPPLIES 5,000.00 5,000.00 810.83 2,375.79 2,624.21 52.48% 1115611 52040 -- --------------------___. POSTAGE&FREIGHT 300.00 300.00 0.00 212.90 87.10 29.03% 1115611 52810 -- ------------------------- FOOD SUPPLIES 3,000.00 3,000.00 221.57 1,954.48 1,045.52 34.85% 1115611 54610 -- -------------------------- FURNITURE&FIXTURES 2,500.00 2,500.00 0.00 0.00 2,500.00 100.00% 1115611 54810 -- ------------------------- COMPUTER HARD/SOFTWARE 7,650.00 7,650.00 0.00 1,975.00 5,675.00 74.18% 1115611 56030 -- -------------------_.__ INCENTIVES 3,209,183.00 1,209,183.00 50,000.00 584,377.51 624,805.49 51.67% 111561156040 -- -------------------------- SPECIAL SERVICES 34,770.00 34,620.00 0.00 11,661.83 22,958.17 66.31% 1115611 56041 -- ------------------------ SPECIAL SERVICES-REAL ESTATE 276,300.00 276,300.00 11,236.68 74,596.71 201,703.29 73.00% 1115611 56042 -- ------------------------ SPECIAL SERVICES-INFRASTRUCTURE 8,375,000.00 9,875,000.00 0.00 9,281.46 9,865,718.54 99.91% 111561156080 -- ------------------------- ADVERTISING 129,100.00 129,100.00 18,960.00 104,023.43 25,076.57 19.42% 1115611 56090 -- ------------------------ COMMUNITY DEVELOPMENT 54,950.00 54,950.00 2,826.66 49,604.12 5,345.88 9.73% 1115611 56110 -- ----------------------- COMMUNICATIONS 7,900.00 7,900.00 486.57 4,208.61 3,691.39 46.73% 1115611 56180 -- ------------------------ RENTAL 27,000.00 27,000.00 4,500.00 22,500.00 4,500.00 16.67% 1115611 56210 -- ----------------------- TRAVEL&TRAINING 73,000.00 73,000.00 182.83 50,279.95 22,720.05 31.12% 1115611 56250 -- ----------------------- DUES&SUBSCRIPTIONS 57,824.00 57,824.00 163.52 50,131.72 7,692.28 13.30% 111561156310 -- ------------------------- INSURANCE 6,303.00 6,453.00 0.00 6,449.31 3.69 0.06% 1115611 56510 -- ------------------------ AUDIT&LEGAL SERVICES 23,000.00 23,000.00 1,347.50 16,305.50 6,694.50 29.11% 1115611 56570 -- ------------------------ ENGINEERING/ARCHITECTURAL 87,500.00 587,500.00 91,771.73 295,657.13 291,842.87 49.68% 1115611 56610 -- ------------------------- UTILITIES-ELECTRIC 2,400.00 2,400.00 187.47 1,862.34 537.66 22.40% 1115611 57410 -- ------------------------ PRINCIPAL PAYMENT 575,973.97 575,973.97 48,571.96 478,330.52 97,643.45 16.95% -- 111---- -1------- 7415 - -561-- 5 INTEREST EXPENSE 656,023.67 656,023.67 54,094.51 548,334.18 107,689.49 16.42% 1115611 58110 -- -------------------------- LAND-PURCHASE PRICE 2,090,000.00 2,090,000.00 0.00 345,441.57 1,744,558.43 83.47% 1115611 58995 -- ------------------------ CONTRA CAPITAL OUTLAY 0.00 0.00 0.00 -345,441.57 345,441.57 0.00% ............. Expense Total: 16,143,685.72 16,143,920.08 320,233.23 2,695,475.97 13,448,444.11 83.30% ............... Fund:111-WYLIE ECONOMIC DEVEL CORP Surplus(Deficit): -7,963,539.72 -7,963,774.08 58,928.77 868,161.79 8,831,935.87 110.90% Report Surplus(Deficit): -7,963,539.72 -7,963,774.08 58,928.77 868,161.79 8,831,935.87 110.90% 8/712023 11.:29:15 AM Page I o( 3 1-91 0811612023 Item B. Budget Report For Fiscal:2022-2023 Period Ending:07 31 2023 Group Summary Variance Original Current Period Fiscal Favorable Percent Account Typ... Total Budget Total Budget Activity Activity (Unfavorable) Remaining Fund:111-WYLIE ECONOMIC DEVEL CORP Revenue 8,180,146.00 8,180,146.00 379,162.00 3,563,637.76 -4,616,508.24 56.44% Expense 16,143,685.72 16,143,920.08 320,233.23 2,695,475.97 13,448,444.11 83.30% Fund:111-WYLIE ECONOMIC DEVEL CORP Surplus(Deficit): -7,963,539.72 -7,963,774.08 58,928.77 868,161.79 8,831,935.87 110.90% Report Surplus(Deficit). -7,963,539.72 -7,963,774.08 58,928.77 868,161.79 8,831,935.87 110.90% 8/712023 11.:29:15 AM Pale 2«f 3 't0 0811612023 Item B. Budget Report For Fiscal:2022-2023 Period Ending:07 31 2023 Fund Summary Variance Original Current Period Fiscal Favorable Fund Total Budget Total Budget Activity Activity (Unfavorable) 111-WYLIE ECONOMIC DEVEI CO -7,963,539.72 -7,963,774.08 58,928.77 868,161.79 8,831,935.87 Report Surplus(Deficit): -7,963,539.72 -7,963,774.08 58,928.77 868,161.79 8,831,935.87 4/7/2023 11. 29:15 AM Pale 3 of 3 F-111 0811612023/tem B. Wylie Economic Development Corporation Statement of Net Position As of July 31, 2023 Assets Cash and cash equivalents $ 12,572,489.21 Receivables $ 120,000.00 Note 1 Inventories $ 16,006,005.00 Prepaid Items $ Total Assets $ 28,698,494.21 Deferred Outflows of Resources Pensions $ 67,748.55 Total deferred outflows of resources $ 67,748.55 Liabilities Accounts Payable and other current liabilities $ 14,545.26 Unearned Revenue $ 1,200.00 Note 2 Non current liabilities: Due within one year $ 159,807.55 Note 3 Due in more than one year $ 15,621,027.23 Total Liabilities $ 15,796,580.04 Deferred Inflows of Resources Miscellaneous $ (100,000.00) Pensions $ (84,717.41) Total deferred inflows of resources $ (184,717.41) Net Position Net investment in capital assets $ - Unrestricted $ 12,784,945.31 Total Net Position $ 12,784,945.31 Note 1: Includes incentives in the form of forgivable loans for$20,000(LUV-ROS) and$100,000(Glen Echo) Note 2: Deposits from rental property Note 3: Liabilities due within one year includes compensated absences of$32,301 F12] 1 0811612023/tem B. WYLIEECONOMIC Balance Sheet DEVELOPMENT Account Summary As Of 07/31/2023 Account Name Balance Fund:Ill-WYLIE ECONOMIC DEVEL CORP Assets t 111 L)0 01�(Wi�o CLAIM ON CASH AND CASH EQUIV. 12,570,489.21 111-2.0-09--N-11 I CASH-ECON DEVELOPMENT 0.00 UJLI Q0_01U15 CASH-WEDC-INWOOD 0.00 i i L I NO_0L0_1_30 CASH-ECO DEV PAYROLL 0,00 _L1 1.-�1.00()-,1.0 13 5 ESCROW 0.00 1.1.I1.-000 iEitiq CASH-RESTRICTED 0.00 1 t 1 LOP_() 0190 DEPOSITS 2,000.00 j. 1. 19-0 0-I�_0 1'4 8 OTHER-MISC CLEARING 0.00 -111 1.000 10312 GOVERNMENT NOTES 0.00 1.:I.L1000 10,321 CERTIFICATES OF DEPOSIT 0.00 _jiL,jQ00-1Q341 TEXPOOL 0.00 LULLO-00 IQM3, LOGIC 0.00 U 1-1_00 0 1.0411. INTEREST RECEIVABLE 0.00 _jj_1_1000-11511 ACCTS REC-MISC 0.00 U-I LOT-()L 5 E7 ACCTS REC-SALES TAX 0.00 1_1(_)00-LMIQ LEASE PAYMENTS RECEIVABLE 0.00 -111-_Lo 001?92.5> LOAN REC-CARLISLE 0.00 LUJI_0 QQ_L?9 p LOAN REC-DC ASSOCIATES 0.00 1.11_L0 QP_1.29�1(_) LOAN REC-HOFFMAN BLAST 0.00 1.1__1-j()QQ-_129 5 0 LOAN PROCEEDS RECEIVABLE 0.00 1.11-1 MOQZI?T15, LOAN REC-MULTI MACHINING 0.00 11±10-00 L�_80 LOAN REC-MOULDING 0.00 111-1000-12985 LOAN REC-ALTHUSER 0.00 L1L-_100()12Q9S LOAN REC-YELROW 0.00 jjj_jC)00-12996 LOAN RECEIVABLE 0.00 17.:I_10_00_12K7 ACCTS REC-JTM TECH 0.00 1Ll-1000 12 )8 ACCTS REC-FORGIVEABLE LOANS 120,000.00 11.1-1000-14112 INVENTORY-MATERIAL/SUPPLY 0.00 7.11�-LCLC)Q-�4:Ll6 INVENTORY-LAND&BUILDINGS 16,006,005.00 11,1-10004A 117 INVENTORY-404 S HWY 78 0.00 1L1 1000 14113 INVENTORY-BAYCO/SANDEN BLVD 0.00 ill 1000-14310 PREPAID EXPENSES-MISC 0.00 11 N0_()i44W DEFERRED OUTFLOWS 1,515,4_34.00 Total Assets: 30,213,928.21 30,213,928.21 Liability 1_11-1()00 20132 EMP CARE FLITE 0.00 11.1-2000-2011.0 FEDERAL INCOME TAX PAYABLE 0.00 111-,410C�2011 I MEDICARE PAYABLE 0.00 11L2000 201L2 CHILD SUPPORT PAYABLE 0.00 11.1-2000-2011.3 CREDIT UNION PAYABLE 0.00 111-2000-2011.4 IRS LEVY PAYABLE 0.00 11.1-2000 20115 NATIONWIDE DEFERRED COMP 0.00 111-2000-201-16 HEALTH INSUR PAY-EMPLOYEE 517.50 11 L2000-201 12 TIVIRS PAYABLE 5,625.93 11.1-2000-2011.8 ROTH IRA PAYABLE 0.00 11.1-2000-2011.9) WORKERS COMP PAYABLE 0.00 I1.I-?t)00-2 0 tLO FICA PAYABLE 0.00 11..1-2.C100-20121. TEC PAYABLE 0.00 11.1-2000-20122 STUDENT LOAN LEVY PAYABLE 0.00 11.1-2000-201-23 ALIMONY PAYABLE 0.00 111-2000 20124 BANKRUPTCY PAYABLE 0.00 I1l.-2000-20125 VALIC DEFERRED COMP 0.00 811012023 5 53:20 PM page I of :3 [13] 1 0811612023 Item B. Balance Sheet As Ut Ul/31/ZUZ3 Account Name Balance 111-2000-201-26 ICMA PAYABLE 0.00 111-2000-20127 EM P.LEGAL SERVICES PAYABLE 0.00 111-2000-20130 FLEXIBLE SPENDING ACCOUNT 8,299,80 111-2000-20131 EDWARD(ONES DEFERRED COMP 0,00 111-2000-20132 EMP CARE FLITE 12.00 1AI-2000-20133 Unemployment Comp Payable 0.01 111-2000-20151 ACCRUED WAGES PAYABLE 0.00 111-2000-20180 ADDIT EMPLOYEE INSUR PAY 90.02 111-2000-20199 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 1,515,434.00 111-2000-20810 DUE TO GENERAL FUND 0.00 1AI-2000-22270 DEFERRED INFLOW 100,000.00 111-2000-22275 DEF INFLOW-LEASE PRINCIPAL 0.00 111-2000-22280 DEFERRED INFLOW-LEASE INT 0.00 111-2000-22915 RENTAL DEPOSITS 1,200.00 Total Liability: 1,631,179.26 Equity 111-3000-34110 FUND BALANCE-RESERVED 0.00 11 1-3000-34 590 FUND BALANCE-UNRESERV/UNDESIG 27,675,325.94 Total Beginning Equity: 27,675,325.94 Total Revenue 3,602,898.98 Total Expense 2,695,475.97 Revenues Over/Under Expenses 907,423.01 Total Equity and Current Surplus(Deficit): 28,582,748.95 Total Liabilities,Equity and Current Surplus(Deficit): 30,213,928.21 811012023 5�53:20 PM PaLle 2 of :3 F14] 1 0811612023 Item B. Balance Sheet As Ut Ul/31/ZUZ3 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 0.00 922-1.000-18210 AMOUNT TO BE PROVIDED 0.00 922-1000 18220 BIRMINGHAM LOAN 0.00 922-1000-19050 DEF OUTFLOW TMRS CONTRIBUTIONS 42,227.29 922-1000-19051 DEF OUTFLOW SDBF CONTRIBUTIONS 3,028.00 922-JOOO-19075 DEF OUTFLOW-INVESTMENT EXP -75,907.52 922JOOOJ9100 DEF OUTFLOW-ACT EXP/ASSUMP 98,400.78 922:_1000-19125 (GAIN)/LOSS ON ASSUMPTION CHGS -83,874.41 922JOOO-19126 DEF INFLOW SDBF CONTRIBUTIONS -843.00 Total Assets: -16,968.86 -16,968.86 Liability 922-2000-20126 ICMA PAYABLE 0.00 922-2000-20310 COMPENSATED ABSENCES PAYABLE 2,264.95 922 2000-20311 COMP ABSENCES PAYABLE-CURRENT 32,300.82 922-2000-21410 ACCRUED INTEREST PAYABLE 29,863.28 922-2000-28205 WEDC LOANS/CURRENT 97,643.45 922-2000-28210 WEDC LOANS 0.00 922-2000-28220 BIRMINGHAM LOAN 0.00 922-2000-28230 INWOOD LOAN 0.00 922-2000-28232 ANB LOAN/EDGE 0.00 922-200 -2 233 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/JON ES: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 7,551,644.87 922-20Q0Z.Z8247 JARRARD LOAN 112,611.20 9 2--2--20-0-0.-28248 GOVCAP LOAN/SERIES 2022 7,817,937.04 922-2000-28250 CITY OF WYLIE LOAN 0.00 922-2000-28260 PRIME KUTS LOAN 0,00 922-2000-28270 BOWILAND/ANDERSON LOAN 0.00 922-2000- 8280 CAPITAL ONE CAZAD LOAN 0.00 922-2000-28290 HOBART/COMMERCE LOAN 0.00 922-2000-29150 NET PENSION LIABILITY 124,687.17 922-2000-29151 SDBF LIABILITY 11,882.00 Total Liability: 15,780,834.78 Equity 922-3000-34590 FUND BALANCE-UNRESERV/UNDESIG -16,155,870.16 922-3000-35900 UNRESTRICTED NET POSITION -120,264.00 Total Beginning Equity: -16,276,134.16 Total Revenue 0.00 Total Expense -478,330.52 Revenues Over/Under Expenses 478,330.52 Total Equity and Current Surplus(Deficit): -15,797o803.64 Total Liabilities,Equity and Current Surplus(Deficit): -16,968.86 811012023 5:53:20 PM PaLK' :3 of :3 F15] 0811612023 Wylie Economic Development Corporation SALES TAX REPORT July 31, 2023 BUDGETED YEAR DIFF % DIFF MONTH FY 2020 FY 2021 FY 2022 FY 2023 22 vs. 23 22 vs. 23 DECEMBER $ 226,663.94 $ 235,381.33 $ 263,577.66 $ 338,726.54 $ 75,148.88 28.51% JANUARY $ 218,520.22 $ 262,263.52 $ 326,207.92 $ 368,377.73 $ 42,169.80 12.93% FEBRUARY $ 362,129.18 $ 456,571.35 $ 417,896.79 $ 480,381.11 $ 62,484.32 14.95% MARCH $ 228,091.34 $ 257,187.91 $ 305,605.50 $ 313,686.17 $ 8,080.67 2.64% APRIL $ 203,895.57 $ 221,881.55 $ 265,773.80 $ 310,050.94 $ 44,277.14 16.66% MAY $ 289,224.35 $ 400,371.70 $ 401,180.20 $ 434,878.33 $ 33,698.14 8.40% JUNE $ 239,340.35 $ 290,586.92 $ 343,371.26 $ 330,236.89 $ (13,134.37) -3.83% JULY $ 296,954.00 $ 314,559.10 $ 331,432.86 $ 379,162.00 $ 47,729.14 14.40% AUGUST $ 325,104.34 $ 390,790.76 $ 429,696.16 SEPTEMBER $ 259,257.89 $ 307,681.15 $ 337,512.61 OCTOBER $ 249,357.02 $ 326,382.38 $ 346,236.36 NOVEMBER $ 384,953.89 $ 411,813.32 $ 392,790.84 Sub-Total $ 3,283,492.09 $ 3,875,470.98 $ 4,161,281.96 $ 2,955,499.71 $ 300,453.72 11.83% Total $ 3,283,492.09 $ 3,875,470.98 $ 4,161,281.96 $ 2,955,499.71 $ 300,453.72 11.83% WEDC Sales Tay Analysis $600,000 $500 000 $400,000 $300,000 2022 2023 $200,000 $100,000 $o t� �A \A a a * *Sales Tax collections typically take 2 months to be reflected as Revenue. SIsTx receipts are then accrued back 2 months. Example:July SIsTx Revenue is actually May SlsTx and is therefore the 8th allocation in FY23. 16 0811612023 Wylie Economic Development Corporation PERFORMANCE AGREEMENT REPORT July 31,2023 TOTAL BUDGETED YEAR REMAINING PREVIOUS FY TOTAL INCENTIVE AFTER PAYMENTS INCENTIVE PERFORMANCE AGREEMENTS FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 CURRENT FY CSD WOODBRIDGE $ 1,100,000.00 $ 29,37T51 $ - $ - $ - $ - $ $ 1,070,622.49 $ 1,100,000.00 A CARDINAL STRATEGIES $ 106,800.00 $ 24,934,00 $ $ $ $ $ $ 66,366.00 $ 91,300.00 AVANTI,LLC $ 120,000.00 $ 30,000.00 $ $ $ $ $ $ 90,000.00 $ 120,000.00 LUV-ROS $ 10,00a00 $ 5,000.00 $ $ $ $ $ $ 5,000.00 $ 10,000.00 B FUEL CITY $ 500,000.00 $ 500,000.00 $ $ $ $ $ $ - $ 500,000.00 AMERICAN ENTITLEMENTS II $ 35,000.00 $ 25,000.00 $ 10,000.00 $ $ $ 35,000.00 $ - $ 35,000.00 NORTH DALLAS WYLIE LAND $ 120,000.00 $ 20,000.00 $ 20,000.00 $ - $ $ $ 20,000.00 $ 80,000.00 $ 120,000.00 AXL $ 65,000.00 -- $ 9,250.00 $ 9,250.00 $ $ $ 13,500.00 $ 46,500.00 $ 65,000.00 ***GLEN ECHO BREWING $ 80,00a00 $ 30,C100 00 $ 30,000.00 $ 20,000.00 $ $ $ 50,000.00 $ - $ 80,000.00 C MLKJ $ - $ - $ - $ - $ $ $ - $ $ - D WYLIE INSURANCE II $ 30,000.00 $ 30,000.00 $ $ $ - $ $ 30,000.00 CLF II LI WYLIE(LOVETT) $ 1,300,000.00 $ - $ 650,000.00 $ 650,000.00 $ $ $ 1,300,000.00 $ $ 1,300,000.00 JOLT $ 7,000.00 $ %,000 00 $ - $ - $ $ $ - $ $ 7,000.00 $ 3,473,800.00 $ 676,311.51 $ 734,250.00 $ 689,250.00 $ - $ $ 1,423,500.00 $ 1,358,488.49 $ 3,458,300.00 **The incentive increase for Glen Echo has not been reflected on the Deferred Out Flows at this time Detbrred Out Few $ 1,515,434,00 A. SLSTX Reimbursement Qrtly Pmnts(Completed PA Reimbursement) B. Performance Agreeement($10,000)and Forgiveable Land Grant($60,000 forgiven over 3 years).$20,000/year in 2022,2023,&2024. C. Performance Agreeement($80,000)and Forgiveable Land Grant($100,000 forgiven over 3 years).$25,000 CO&$25,000/year in 2024,2025,&2026. D. Performance Agreeement(TBD)and Forgiveable Land Grant($200,000 forgiven over 3 years).$50,000 CO&$50,000/year in 2024,2025,&2026. 17 08116120231tem 1. Wylie Economic Development WYLIEEDC Board AGENDA REPORT Meeting Date: August 16, 2023 Item Number: 1 Prepared By: Jason Greiner Account Code: Date Prepared: August 11, 2023 Exhibits: 1 Consider and act upon a Third Amendment to the Purchase and Sale Agreement between the WEDC and MLKJ Investments LLC. Motion to approve a Third Amendment to the Purchase and Sale Agreement between the WEDC and MLKJ Investments LLC and further authorize WEDC President or his designee to execute said agreement. Discussion I As the Board will recall, the WEDC approved a First Amendment to the Purchase and Sale Agreement between the WEDC and MLKJ Investments LLC on March 22,2023 and a Second Amendment on June 21,2023.The proposed Third Amendment provides a 90-day extension to the Purchase&Sale Agreement to allow the buyer adequate time to get final construction costs and to allow the WEDC's current tenant time to relocate. Original Anal_ • Lots 2, 3, and 4 of Wyndham Estates • Feasibility Period Expiration: March 20,2023 • Closing Date: April 19,2023 First Amendment Approved 3-22-23: • Amended Feasibility Period Expiration with a 90-day extension: June 18,2023 • Amended Closing Date on or before: July 18,2023 Second Amendment Approved 6-21-23: • 2nd Amended Feasibility Period Expiration with a 45-day extension: August 2,2023 • 2nd Amended Closing Date on or before: September 1,2023 As Presented: • 3rd Amended Feasibility with 90-day extension: Oct 31,2023 • 3'd Amended Closing Date on or before: Nov 30, 2023 Page 1 of 08116120231tem 1. THIRD AMENDMENT TO REAL ESTATE SALES CONTRACT THIS THIRD AMENDMENT TO REAL ESTATE SALES CONTRACT ("Amendment") is effective on August , 2023, between WYLIE ECONOMIC DEVELOPMENT CORPORATION ("Seller") and MLKJ INVESTMENTS LLC, a Texas limited liability company ("Purchaser"). RECITALS WHEREAS, the parties hereto entered into that certain Real Estate Sales Contract dated September 21, 2022 (the "Contract"), as amended by that certain First Amendment to Purchase and Sale Agreement dated to be effective March 22, 2023, and as amended by that certain Second Amendment to Purchase & Sale Agreement dated to be effective June 21, 2023 (as amended, the "Contract"), whereby Seller agreed to sell to Purchaser and Purchaser agreed to purchase from Seller Lots 2, 3, and 4 of Wyndham Estates, Phase III, an addition to the City of Wylie, Collin County, Texas (the "Land"), together with all benefits, privileges, easements, tenements, hereditaments, rights and appurtenances thereon or pertaining to such Land (collectively the "Property"), as further described in the Contract; and WHEREAS, Seller and Purchaser desire to amend the Contract in certain respects as set forth below. NOW THEREFORE, in consideration of the Property, and other good and valuable consideration,the receipt and sufficiency of which the parties hereby acknowledge and the Parties agree herein to amend the Contract as follows: 1. Capitalized Terms. Unless otherwise defined herein, capitalized terms shall have the meaning as set forth in the Contract. 2. Feasibility Period Extension. Seller and Purchaser hereby agree to amend Section 3.04 of the Contract to extend the expiration of the Feasibility Period by ninety (90) days, such that the Feasibility Period shall expire October 31, 2023. 3. Continued Validity. Except as amended herein, each and every term of the Contract shall remain in full force and effect as originally written and executed. 4. Counterparts/Delivery. This instrument may be executed in any number of counterparts and by the different parties on separate counterparts, and each such counterpart shall be deemed to be an original, but all such counterparts shall together constitute one and the same agreement. The parties hereto may execute and deliver this instrument by forwarding facsimile, telefax, electronic pdf or other means of copies of this instrument showing execution by the parties sending the same. The parties agree and intend that such signature shall have the same effect as an original signature, that the parties shall be bound by such means of execution and delivery, and that the parties hereby waive any defense to validity based on any such copies or signatures. 5. Captions. Headings of paragraphs are for convenience of reference only and shall not be construed as part of this Amendment. Third Amendment to Contract-Page 1 3989621 F 19 08116120231tem 1. [SIGNATURE PAGE FOLLOWS] Third Amendment to Contract-Page 2 3989621 F20] 08116120231tem 1. IN WITNESS WHEREOF, the parties have caused this Amendment to be executed as of the date set forth above. SELLER: WYLIE ECONOMIC DEVELOPMENT CORPORATION By: Name: Title: PURCHASER: MLKJ INVESTMENTS LLC, a Texas limited liability company By: BR Profits, Inc., a Texas corporation, Manager By: Name: Title: By: Ojos Investments LLC, a Texas limited liability company, Manager By: Name: Title: Third Amendment to Contract-Page 3 3989621 F21] 08116120231tem 2. Wylie Economic Development WYLIEEDC Board AGENDA REPORT Meeting Date: August 16, 2023 Item Number: 2 Prepared By: Jason Greiner Account Code: Date Prepared: August 11, 2023 Exhibits: Consider and act upon issues surrounding the disposition of WEDC properties located at Squire. Recommendation Motion to award a contract to Intercon Demolition in the amount of$52,500 and further authorize the Executive Director to execute any and all necessary documents. Discussion As the Board is aware, WEDC is currently in contract for the sale of 1001 and 1011 Squire. Staff has received bids for demolition of the commercial structure(s) onsite, removal of the chain-link barbed wire fencing, removal of foundation two feet below grade, and grading of property to drain. As a reminder,there may be additional anticipated costs that are not included in the original bid: • Asbestos Abatement&Testing • Soil Testing&Mitigation • Install and maintain temporary silt fencing • Permitting Upon approval by the Board, Staff will coordinate with the contractor to ensure that demolition is scheduled in a timely manner. Page 1 of 2 08116120231tem 3. Wylie Economic Development WYLIEEDC Board AGENDA REPORT Meeting Date: August 16, 2023 Item Number: 3 Prepared By: Jason Greiner Account Code: Date Prepared: August 11, 2023 Exhibits: Consider and act upon issues related to the commercial lease at 104 S Ballard. Recommendation Discussion As the Board will recall, the WEDC acquired 104 S Ballard in January 2022 and assumed the existing lease on file for All the Rave Nutrition at that time. Since then,the tenants have further expanded the general retail space into more of a restaurant use and modified the building to operate as Loteria Fruteria. At the previous meeting, staff discussed the tenant's request to install new and/or additional A/C units at 104 S Ballard. Following discussions from last meeting, Staff is presenting this item for the Board's discussion and consideration for action. As previously noted,the former occupants of this building were a Pawn Shop and All the Rave Nutrition and neither use caused any issues for the existing infrastructure. However, due to the recent change of use, the existing A/C unit on the roof does not have the excess capacity to offset the heat generated by the new coolers, freezers, ice machines and additional equipment that the tenants have installed for Loteria Fruteria.Additionally,the relatively short-term lease does not allow sufficient time for the tenants to recoup the investment in new A/C units and the Board didn't indicate a desire to invest in new rooftop A/C units, especially if the building will be demolished and ultimately redeveloped sometime soon. Staff discussed a possible option and requested feedback from the Board regarding concessions on the next month's rent to help offset the cost of the temporary floor A/C units.The Board agreed to allow the costs of the interior/floor A/C units to be taken from the amount due in the monthly rent. Since that time,the WEDC Property Manager has indicated that the floor units have been installed. With the Board's recent feedback and direction regarding redevelopment and revitalization of WEDC owned properties, Staff simply needs Board direction with this item. Page 1 of 3 08116120231tem 4. WYLIEEDC Wylie Economic Development Board AGENDA REPORT Meeting Date: August 16, 2023 Item Number: 4 Prepared By: Jason Greiner Account Code: Date Prepared: August 11, 2023 Exhibits: Consider and act upon issues related to street-naming at FM 544 Gateway. Recommendation N Motion to approve for street-naming at FM 544 Gateway. Discussion As you know, WEDC is in the process of redeveloping the FM 544 Gateway Property. As such, the City of Wylie has determined that it will be necessary to name the street the runs through the lots in this development. General guidelines that are followed when naming a sheet: 1. Uniqueness- The proposed street name should not already be in use. This avoids confusion for mail delivery, emergency services, and navigation. 2. Simplicity and Ease of Spelling-Names should be relatively simple to spell and pronounce. This minimizes confusion and miscommunication,particularly in critical situations such as dispatching emergency services. 3. Appropriate Length- Shorter names are generally preferred for the sake of simplicity. 4. Avoid Offense -Names should not be offensive or inappropriate in nature and should avoid controversy. 5. Reflect Community or History - Some communities prefer street names that reflect local history, culture, landmarks, or geographic features. This can help preserve a sense of local identity and continuity. 6. Use Suffixes Appropriately- The street type (e.g., Street, Road, Avenue, Boulevard, etc.) may have specific connotations. For instance, "boulevard" might be used for a larger, more significant road, while "lane" might be used for a smaller side street, etc. Pagel of 4 .' 0811612023 Item 4. Requirements from Section 5.4 of City of Wylie Subdivision Re-ulations: Section 5.4: Street Names and Signs 5.4 A. Street names must be, submitted to the City, for review and approval. Proposed street names shall be submitted for rc%iew as a part of the preliminary plat application, and shall, become fixed at the time of approval, of the, preliminary plat. On the final plat, street names shall not be changed from those that were approved on the preliminary plat unless special circumstances have caused' the major realigument of streets or a 'proposed street narric(s) is discovered to have already been used elsewhere in the City for some other similar eventuality). If additional -street names are needed for the final plat, then they must be submitted for review and approval by the Cilyt the U.S. Postal Service, and applicable emergency service providers, (including 911) along with the final plat application. A fee may be established by the City for the changing of street names after approval of the Preliminary plat. B.r Surnames of people or the names of corporations or businesses shall not be used as, street names, unless approved by the City Council. The City will maintain a list of ex,isting, street narnes (and "reserved" street names, that have been approved on a prcliminary plat),and,will update the list as new streets are platted, Co: New street names shall not duplicate existing street names either literally or In a subtle manner(for example, Smith Street vs. Smythe Street-,Oak,Drive vs,. Oak Place,vs,,. Oak. Court vs. Oak Circle;Cascade Dive vs. Cascading Drive); shall not be su,slinflar its to cause confusion between names (for example, Lakeside Drive vs. Lake Side Drive vs. Lake Siding Drivc); and shall not sound like existing street names, when spoken (for example, Oak Drive vs. Doak Drive vs. Cloak Drive; Lantern, Way vs. Land Tern Way), Suffixes shall be in agreement when a street is extended (for example Oak. Street cannot extend Oak Drive). D. New streets which extend existing streets shall bear the names, of the existing streets. Streets crossing, thoroughfares or other roadways, shall bear the same name on both sides of the thoroughfare, wherever practical,. A cul-de-sac or loop that is named after another thoroug,h street (such as,O-ak Court or Oak Circle or Oak Trail) must actually connect to the main street(Oak) from which the name is derived. E., The property owner shall install all street name signs for the development. Each street name sign installation shall include sign assembly, pole and Installation. Installaticwn shall be complete prior to approval of the engineering plans by the CityEngincer, F. Street name signs as, specified by City shall be installed in accordance with the City's guidelines before issuance of as building permit liar any structure on the streets approved within the subdivision. 00 of Wylie Soundex Search: (This resource ensures that any considered name does not duplicate or sound similar to an existing street name in the City of Wylie) hges.11 gisqM.wylietexas.gov/apes/soundexlindex.php With the above guidelines in mind, staff will provide options that have been submitted and verified as being eligible for consideration and approval. F25] 0811612023 ItWYLIEEDC DS1. Wylie Economic Development Board AGENDA REPORT Meeting Date: August 16, 2023 Item Number: DS1 Prepared By: Jason Greiner Account Code: Date Prepared: August 11, 2023 Exhibits: Discussion regarding WEDC Board Retreat. No a ction is requested by staff on this item. Discussilon Staff will lead the discussion on this item. Page 1 of 26 0811612023 ItWYLIEEDC DS2. Wylie Economic Development Board AGENDA REPORT Meeting Date: August 16, 2023 Item Number: DS2 Prepared By: Jason Greiner Account Code: Date Prepared: August 11, 2023 Exhibits: Staff report: WEDC Property Update, Temporary Access Agreements, Downtown Parking, Engineering Report, Upcoming Events, and WEDC Activities/Programs. No action is requested by staff on this item. Discussion WEDC Property Update: Property Management • Demolition and clearing of 605 Commerce and 908 Kirby has been completed. • Property manager has communicated to the tenant at 104 S Ballard that the Board will reduce one month's rent by the cost of the purchase and installation of two portable plug-in a/c units, with a maximum offset of$800 total. Property manager advised that they have not yet received a receipt for purchase of the units,however,the units have been installed. Tenant has advised property management that the units have not helped much with the heat. Property manager advised that the tenant has paid the full month's rent for this month and anticipates receiving receipts for the offset next month. • Staff and/or property management notified tenants and issued notice to vacate letters. (Commercial: 100 W Oak, 711 Cooper, 25 Steel; Residential: 701 S Ballard, 300 N 2"d) Listing Agreement—Segovia Partners(SP) • Staff will provide project updates in Executive Session. • SP has installed signage and created a hit list of preferred tenants for e-blast. Downtown Parking: • Survey field work outside of railroad right-of-way is complete. • Concept plans for Birmingham extension and parking are being prepared. • Downtown Drainage study(Huitt-Zollars)was finalized and will be referenced in the concept plan design. Downtown & SBO Property Concepts: • KH to prepare concept layout for 503-701 S Ballard. Waiting on existing plat/survey data. Page 1 of 0811612023 It DS2. Engineering Report: Design&Engineering-544 Gateway Addition—Kimley Horn(KH) • Atmos/Oncor coordination ongoing. • Construction plans were approved by the City 8/9/23. • City submitted the plans to TxDOT and we are awaiting review comments or approval. • Ongoing coordination with Lot 2 and Lot 6 developers. • KH will bid the project and setup a pre-con meeting after they receive all approvals,. • A replat will need to be prepared to show final easements after all approvals are received. • Completion Date: Fall-2023. Design&Engineering—City of Wylie's 19 Acres -FM 544 Corridor(KH) • KH to prepare IPO for survey/design topo. This survey includes the data required for the future flood study of the City's 19-acres. Water Line Relocation-State Hwy 78/Brown—Dowager Construction • Project is complete. Staff is waiting on NTMWD's final review of the project costs related to inspection fees. Environmental- State Hwy 78 &Brown—Elm Creek(EC) • EC, staff and TCEQ met to discuss the status of the Affected Property Assessment Requirements (AFAR), Partial Response Action Areas (PRAA), and Certificate of Closure. EC will be providing responses to outstanding comments in the APAR. Assuming that the APAR responses resolve TCEQ's comments,we anticipate to have a Certificate of Closure within 60-90 days following the final EC submittal. • EC Submittal is anticipated in the next 30 days. Design&Engineering-Cooper Plaza- State Hwy 78 &Brown • Retention Pond Sizing is complete and there is a new pond exhibit. • Civils are nearing completion and submittal is anticipated in the next two weeks. • The next step is construction bids and award of contract. • Completion Date: Fall-2023 Flood Study&Drainage Study-Hooper/Steel/Regency Business Park(KH) • Grading improvements are underway to re-grade ditches and clean silt/debris out of culverts. • Completion Date: August. • Survey and Environmental will not be kicked off until this work is completed. • Completion Date: Fall-2023. Water& Sewer Extension-State Hwy 78/Alanis (KH) • ARCO, KH and NTMWD are working on the final drainage connection for Stealth. • NTMWD requested a revision to the sanitary sewer alignment and connection to their existing line. Revised plans were issued 8/10/23.Waiting on final approval. • Ongoing coordination with Larry Nelson on the proposed drainage and sanitary sewer easement. Access easement across EDC/Stealth property has been prepared and submitted. Eubanks Easement/ROW Coordination • Exhibits showing two options for the future ROW and Atmos easement were prepared and submitted 8/10/23 • Ongoing coordination with the City and Atmos to finalize easement and ROW location. Once confirmed, survey will prepare final easement documents. F28] 0811612023 It DS2. BRE Updates: • 1 BRE visit was conducted in July. • Staff presented with Wylie ISD CTE at the Career and Technical Association of Texas (CTAT) Summer Conference focused on programs that connect CTE and Business communities. • Organized and scheduled a regional BRE coordination meeting with surrounding communities to identify and adopt best practices and regional workforce development programs. Wylie will host the inaugural meeting on August 22nd • Helped coordinate a fundraising challenge called the Crosstown Showdown PUMP-OFF between Fuel City and Wylie ISD Education Foundation.Proceeds for the program will provide scholarships for graduating Seniors and teacher grants for Wylie teachers. • Worked with WSNCT's liaison to initiate a workforce program to address an extraordinary hiring need within the next 60 days. • Continued development of Fall programming including Legislative Dinner,MFG Day,Fall Career Fairs,and the Second Annual Entrepreneurs Expo. Additional WEDC Activities/Programs in Review: • Staff attended the final Budget Work Sessions with City Council on July 11/July 25. • Staff attended the Social Media Rescue-Canva Class in downtown Wylie. • Sales tax revenues for the month of July are up 4.32%. • Overall sales tax revenues for FY23 are up 11.00%. Upcoming Events: • Wylie Chamber of Commerce Luncheon: Non-Profit Spotlight—August 22 • Retail Live South Central 2023 -August 31 • Wylie Championship Rodeo- September 8-9 • End of Summer Picnic (North Ballard)—September 14 • IEDC 2023 Annual Conference -Dallas,TX- September 1.7-20 • TEDC Sales Tax Workshop-Richardson,TX - September 22 • TEDC Annual Conference-Houston,TX. -October 11-13 • Hope's Gate—Hope Under the Stars—October 21. • TML Economic Development Conference—November 16-1.7 • TEDC Sales Tax Workshop Virtual—December 3— 15 Please see the attached Marketing Calendar for the full list of upcoming events. F29] WYLIEECONOMIC 1 08/96/2023 It DS2. DEVELOPMENT 2023 July Board Meeting-19th Day Time Meeting/Event 2 9:45 pm City of Wylie Fourth of July Fireworks 2-8 Soccer Event—Wylie,TX 6 2:00 pm Budget Discussion—mb,ai, ig, rh CLOSED ' fJu _jqdgppn0ppcp qqy 11 6:00 pm City Council—WEDC Budget Work Session with Council 17 4:00-7:00 pm Canva for Entrepreneurs- rh 19 7:30 am WEDC- Board Meeting 25 11:30 am Wylie Chamber of Commerce-2023 New Teacher Luncheon 25 6:00 pm City Council—FINAL Budget Work Session 27 5:01-7:00 pm 5:01 PM Professional Mixer—Fuel City 2023 August Board Meeting-16" Day Time Meeting/Event 1 8:30-9:30 am WDMA Meeting 8 6:00 pm City Council 13-15 SEDC Annual Conference—San Antonio, TX 16 7:30 am WEDC- Board Meeting 16 11:30 am East Side Allies August Meeting—ig, rh 22 11:30 am Wylie Chamber of Commerce- Monthly Luncheon: Non-Profit Spotlight *RSVP Needed 22 11:00 am BRE Regional Alliance—Inaugural Meeting—ig, aw 22 6:00 pm City Council 24 5:01-7:00 pm 5:01 PM Professional Mixer—Landon Winery 28-31 Team Texas-2023 Texas Economic Summit-Odessa, TX 31 Retail Live South Central 2023—Austin, TX—jg, rh 2023 September Board Meeting-20cn Day Time Meeting/Event CLOSED p Labor Da 5 8:30-9:30 am WDMA Meeting 8-9 Wylie Championship Rodeo *RSVP Needed 12 6:00 pm City Council 14 End of Summer—Picnic on Ballard 17-20 TEDC 2023 Annual Conference—Dallas,TX—ig, rh 19 5:30 pm Legislative Dinner—City, ISD, CC, Chamber& EDC- Landon Winery *RSVP Needed 20 7:30 am WEDC- Board Meeting 22 8:00 am TEDC-Sales Tax Workshop, DFW/Richardson—mw, ig, rh 26 6:00 pm City Council - MFG Day Proclamation 28 5:01-7:00 pm 5:01 PM Professional Mixer—Creekside Fine Grill Around the Corner... • TEDC 2023 Annual Conference—Houston,TX—October 11-13 • Hope's Gate—Hope Under the Stars—October 21 *RSVP Needed • Chamber of Commerce Luncheon-State of Wylie ISD& Collin College—October 24 *RSVP Needed • Entrepreneurs Expo—November 15 • TML Economic Development Conference—Bastrop,TX—November 16-17 *RSVP Needed • TEDC Sales Tax Workshop Virtual—December 3—15 *RSVP Needed F30]