06-19-2024 (WEDC) Agenda Packet Wylie Economic Development Corporation WYLIEEDC
Board Regular Meeting
June 19,2024—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 May 15, 2024 Regular Meeting of the WEDC Board of
Directors.
B. Consider and act upon approval of the May 2024 WEDC Treasurer's Report.
REGULAR AGENDA
1. Consider and act upon construction services for Cooper Plaza at Hwy 78 &Brown.
2. Consider and act upon issues surrounding the construction services at Hwy 78 & Brown with Reeder
Concrete Inc.
DISCUSSION ITEMS
DS1. Discuss issues surrounding the FY 2024-2025 WEDC Budget.
DS2. Staff report: WEDC Property Update, Temporary Access Agreements, Downtown Parking, Engineering
Report,Upcoming Events, and WEDC Activities/Programs.
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.
1
ES 1. Consider the sale or acquisition of properties located at Brown/Eubanks, FM 544/Cooper, FM 544/Sanden,
Jackson/Oak, Regency/Steel, and State Hwy 78/Brown.
See. 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: 2022-1c, 2022-10c, 2023-1c, 2023-2d, 2023-5c,
2023-9b, 2023-1lb, 2024-1c, 2024-2d, 2024-4c, 2024-4e, and 2024-5a.
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 June 14,2024 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 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.
2
§ 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
0611912024 Item A.
Minutes
Wylie Economic Development Corporation
Board of Directors Regular Meeting
May 15, 2024—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 Melisa Whitehead called the meeting to order at 7:35 a.m.Board Members present were Whitney
McDougall,Blake Brininstool, and Demond Dawkins.
Ex-Officio Members Mayor Matthew Porter and City Manager Brent Parker were present.
WEDC staff present included Executive Director Jason Greiner, Assistant Director Rachael Hermes, BRE
Director Angel Wygant, Administrative Assistant Marissa Butts, and Marketing & Communications
Coordinator Will Kelly.
INVOCATION& PLEDGE OF ALLEGIANCE
Rachael Hermes gave the invocation and led the Pledge of Allegiance.
COMMENTS ON NON-AGENDA ITEMS
Clint Peppo with Kelly Construction introduced himself as a resident of Wylie and stated his interest in
being more involved with the City of Wylie and Wylie EDC.
With no other citizen participation,President Whitehead 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. ff discussion is
desired, that item will be removed fi°om the Consent Agenda and will be considered separately.
A. Consider and act upon approval of Minutes from April 17, 2024, Regular Meeting of the
WEDC Board of Directors.
B. Consider and act upon approval of the April 2024 WEDC Treasurer's Report.
Board Action
A motion was made by Blake Brininstool, seconded by Demond Dawkins,to approve the Consent
Agenda as presented. A vote was taken, and the motion passed 4-0.
0611912024 Item A.
WEDC—Minutes
May 15, 2024
Page 2 of 3
DISCUSSION ITEMS
DS1. Discuss issues surrounding the FY 2024-2025 WEDC Budget.
Staff Comments
Staff discussed the approved FY 2024-2025 Budget Calendar for the City of Wylie and noted that
the Budget Work Session with City Council for all funds,including WEDC,has been scheduled for
July 9th. Staff requested that the Budget Committee schedule a time prior to the June 19`h WEDC
Board Meeting to review and discuss the FY 2024-2025 Budget.
DS2. Discussion regarding ICSC.
Staff Comments
Staff noted that the Retail Coach was unable to attend the City Council Meeting on May 14"but will
be present at ICSC LV. Appointments are still being scheduled for Monday and Tuesday at ICSC
LV.
DS3. Staff report: WEDC Property Update, Temporary Access Agreements, Downtown Parking,
Engineering Report,Upcoming Events, and WEDC Activities/Programs.
Staff Comments
Staff referred the Board to the Agenda Report provided in the packet for all updates related to WEDC
Property Update, Temporary Access Agreements, Downtown Parking, Engineering Report,
Upcoming Events, and WEDC Activities/Programs. Regarding property management, staff noted
that photography at 104 S Ballard has been completed and all utilities have been disconnected. 100
W Oak tenants have vacated,and utilities will be scheduled to be disconnected. The locations of 104
S Ballard, 305 S Ballard, and 100 W Oak will be scheduled for demolition once all utilities have
been disconnected. Staff discussed and reviewed the drainage concepts and exhibits provided by
Kimley-Horn related to the Flood Study and Drainage Study at Hooper/Steel/Regency Business Park.
Staff also noted and discussed the LOU received from the railroad, noting that all the right of way
along the railroad track in the downtown area can be acquired.
EXECUTIVE SESSION
Recessed into Closed Session at 7:58 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 Brown/Eubanks, FM 544/Cooper,
FM 544/Sanden,Jackson/Oak,Regency/Steel,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: 2022-1c, 2022-
10c,2023-1c,2023-2d,2023-5c,2023-9b,2023-11b,2024-1c,2024-2d,2024-3a,2024-3b,2024-
4c,2024-4e,2024-5a,2024-5b, 2024-5c,and 2024-5d.
0611912024 Item A.
WEDC—Minutes
May 15, 2024
Page 3 of 3
RECONVENE INTO OPEN SESSION
Take any action as a result of the Executive Session.
President Whitehead reconvened into Open Session at 8:26 a.m.
FUTURE AGENDA ITEMS
There were no Items requested for inclusion on future agendas.
ADJOURNMENT
With no further business,President Whitehead adjourned the WEDC Board meeting at 8:26 a.m.
Melisa Whitehead,President
ATTEST:
Jason Greiner,Executive Director
0611912024 IWYLIEEDC tem B.
Wylie Economic Development
Board
AGENDA REPORT
Meeting Date: June 19,2024 Item Number: B
Prepared By: Jason Greiner
Consider and act upon approval of the May 2024 WEDC Treasurer's Report.
Recommendation
Motion to approve the May 2024 WEDC Treasurer's Report.
Presented for the Board's review and approval is the May 2024 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 Performance Agreement Summary.
REVENUES:
Sales Tax Revenue earned in March allocated in May, was $448,671.55, an increase of 3.1.7% over the same period in
2023.
EXPENSES:
No notable expenses for this month.
Page 1 of 1
06/19/2024 Item B.
WYLIEECONOMIC May Rev/Exp epo
DEVELOPMENTAccount Summary
For Fiscal: 2023-2024 Period Ending: 05/31/2024
Variance
Original Current Period Fiscal Favorable Percent
Total Budget Total Budget Activity Activity (Unfavorable) Remaining
Fund:111-WYLIE ECONOMIC DEVEL CORP
Revenue
111i14100 4 0 2 10 SALES TAX 4,536,561.00 4,536,561.00 448,671.55 2,401,937.02 -2,134,623.98 47.05%
11,2.-40(10-4G3.1.0 ALLOCATED INTEREST EARNINGS 112,000.00 112,000.00 0.00 304,625.63 192,625.63 271.99%
111.-4000-48110 RENTAL INCOME 48,600.00 48,600.00 650.00 26,930.65 -21,669.35 44.59%
1�I.-4OQO 48410 MISCELLANEOUS INCOME 0.00 1,250.00 0.00 1,947.08 697.08 155.77%
1.1.1,4000 484 3 GAIN/(LOSS)SALE OF CAP ASSETS 2,655,970.00 2,655,970.00 0.00 -276,384.36 -2,932,354.36 110.41%
Revenue Total: 7,353,131.00 7,354,381.00 449,321.55 2,459,056.02 -4,895,324.98 66.56%
Expense
11.1-5611-51110 SALARIES 440,500.00 460,570.00 47,394.27 262,657.39 197,912.61 42.97%
111-563.1-51130 OVERTIME 0.00 0.00 0.00 871.40 -871.40 0.00%
11,1-5611.-51 14n LONGEVITY PAY 1,200.00 1,200.00 0.00 1,092.00 108.00 9.00%
11,1-5611.-51317 TMRS 68,500.00 71,611.00 6,807.47 38,183.12 33,427.88 46.68%
11.L-56611.-a 1+11C HOSPITAL&LIFE INSURANCE 81,000.00 81,169.00 5,023.41 40,070.47 41,098.53 50.63%
111-561.1.-51420 LONG-TERM DISABILITY 1,600.00 1,714.00 62.47 413.47 1,300.53 75.88%
11,5.-561.1-51440 FICA 27,000.00 28,245.00 2,770.25 15,209.12 13,035.88 46.15%
111-561 -51450 MEDICARE 6,400.00 6,691.00 647.89 3,556.98 3,134.02 46.84%
11.1,-561.1.-51470 WORKERS COMP PREMIUM 2,100.00 2,100.00 0.00 1,137.35 962.65 45.84%
11.1-5611.-51480 UNEMPLOYMENT COMP(TWC) 1,600.00 1,600.00 4.55 603.72 996.28 62.27%
1.1,1-563..11--52010 OFFICE SUPPLIES 5,000.00 5,000.00 311.18 2,572.24 2,427.76 48.56%
111-5611-52040 POSTAGE&FREIGHT 300.00 300.00 36.30 194.70 105.30 35.10%
111-561.1.-!52810 FOOD SUPPLIES 3,000.00 3,000.00 526.50 2,017.83 982.17 32.74%
11.-_5E5.11,-54610 FURNITURE&FIXTURES 2,500.00 2,500.00 518.85 325.80 2,174.20 86.97%
111_-5611 54810 COMPUTER HARD/SOFTWARE 7,650.00 7,650.00 0.00 2,299.98 5,350.02 69.93%
11.1-5511-5.603 INCENTIVES 1,929,250.00 1,929,250.00 0.00 1,015,000.00 914,250.00 47.39%
111-5611-5.6040 SPECIAL SERVICES 37,270.00 37,270.00 6,252.50 16,452.50 20,817.50 55.86%
11,_1-5611.-56041, SPECIAL SERVICES-REAL ESTATE 234,500.00 234,500.00 3,638.32 98,767.96 135,732.04 57.88%
111-561.1-5.6042 SPECIAL SERVICES-INFRASTRUCTUR 10,324,000.00 10,324,000.00 0.00 6,101.36 10,317,898.64 99.94%
111__61.1__SkE;081 ADVERTISING 226,125.00 196,125.00 5,959.86 90,314.91 105,810.09 53.95%
11 L-5611.-5609-0 COMMUNITY DEVELOPMENT 64,950.00 66,200.00 2,160.02 28,070.13 38,129.87 57.60%
111-5.G.1.1:,5.E11.0 COMMUNICATIONS 7,900.00 7,900.00 497.24 3,375.69 4,524.31 57.27%
11.1-561-1.-561.80 RENTAL 27,000.00 27,000.00 2,250.00 18,000.00 9,000.00 33.33%
111.-551,15511) TRAVEL&TRAINING 73,000.00 73,000.00 3,633.79 39,992.74 33,007.26 45.22%
111.-561.1-56250 DUES&SUBSCRIPTIONS 60,733.00 60,733.00 6,748.45 55,208.54 5,524.46 9.10%
11.1-5611.-5 31.0 INSURANCE 6,800.00 6,800.00 0.00 5,653.11 1,146.89 16.87%
11.1-5611 651_0 AUDIT&LEGAL SERVICES 23,000.00 53,000.00 0.00 21,750.03 31,249.97 58.96%
11,1-5_61.1-_55570 ENGINEERING/ARCHITECTURAL 530,175.00 530,175.00 7,895.00 320,464.67 209,710.33 39.55%
11.1- 61,1_661.0 UTILITIES-ELECTRIC 2,400.00 2,400.00 169.07 1,342.76 1,057.24 44.05%
11,1-156 11-57 4 00 PRINCIPAL PAYMENT 600,096.00 600,096.00 50,261.65 397,320.57 202,775.43 33.79%
1..1mm1-5611.-57415 INTEREST EXPENSE 631,902.00 631,902.00 52,404.82 424,011.19 207,890.81 32.90%
1-1.1-!5 11-581.10 LAND-PURCHASE PRICE 1,000,000.00 1,000,000.00 0.00 7,079.00 992,921.00 99.29%
11.1-561g1-5.5995 CONTRA CAPITAL OUTLAY 0.00 0.00 0.00 -7,079.00 7,079.00 0.00%
Expense Total: 16,427,451.00 16,453,701.00 205,973.86 2,913,031.73 13,540,669.27 82.30%
Fund:111-WYLIE ECONOMIC DEVEL CORP Surplus(Deficit): -9,074,320.00 -9,099,320.00 243,347.69 -453,975.71 8,645,344.29 95.01%
Report Surplus(Deficit): -9,074,320.00 -9,099,320.00 243,347.69 -453,975.71 8,645,344.29 95.01%
611112024 1.1:1.6:51 AM Page 1 of 3
0611912024 Item B.
Budget Report For Fiscal:2023-2024 Period Ending:
Group Summary
Variance
Original Current Period Fiscal Favorable Percent
Account Type Total Budget Total Budget Activity Activity (Unfavorable) Remaining
Fund:111-WYLIE ECONOMIC DEVEL CORP
Revenue 7,353,131.00 7,354,381.00 449,321.55 2,459,056.02 -4,895,324.98 66.56%
Expense 16,427,451.00 16,453,701.00 205,973.86 2,913,031.73 13,540,669.27 82.30%
Fund:111-WYLIE ECONOMIC DEVEL CORP Surplus(Deficit): -9,074,320.00 -9,099,320.00 243,347.69 -453,975.71 8,645,344.29 95.01%
Report Surplus(Deficit): -9,074,320.00 -9,099,320.00 243,347.69 -453,975.71 8,645,344.29 95.01%
611112024 1.1:1.6:51 AM PaLle 2 of 3
0611912024 Item B.
Budget Report For Fiscal:2023-2024 Period Ending:
Fund Summary
Variance
Original Current Period Fiscal Favorable
Fund Total Budget Total Budget Activity Activity (Unfavorable)
111-WYLIE ECONOMIC DEVEL CC -9,074,320.00 -9,099,320.00 243,347.69 -453,975.71 8,645,344.29
._____ —--
-------
__...___ _ _ ______ ... _ ....—.._._. _-
Report Surplus(Deficit): -9,074,320.00 -9,099,320.00 243,347.69 -453,975.71 8,645,344.29
611112024 1.1:1.6:51 AM PaLle:3 Of:3
o
0611912024 Item B.
Wylie Economic Development Corporation
Statement of Net Position
As of May 31, 2024
Assets
Cash and cash equivalents $ 13,660,661.43
Receivables $ 717,000.00 Note 1
Inventories $ 14,645,353.88
Prepaid Items $ -
Total Assets $ 29,023,015.31
Deferred Outflows of Resources
Pensions $ 114,336.55
Total deferred outflows of resources $ 114,336.55
Liabilities
Accounts Payable and other current liabilities $ 27,675.40
Unearned Revenue $ 1,200.00 Note 2
Non current liabilities:
Due within one year $ 263,890.43 Note 3
Due in more than one year $ 15,136,816.48
Total Liabilities $ 15,429,582.31
Deferred Inflows of Resources
Pensions $ (8,336.41)
Total deferred inflows of resources $ (8,336.41)
Net Position
Net investment in capital assets $ -
Unrestricted $ 13,699,433.14
Total Net Position $ 13,699,433.14
Note 1: Includes incentives in the form of forgivable loans for$67,000(Glen Echo),
$450,000(Phoenix Ascending), and$200,000(MLKJ)
Note 2: Deposits from rental property
Note 3: Liabilities due within one year includes compensated absences of$32,301
F I
0611912024 Item B.
WYLIEDEVELOPMEN'r ECONOMIC Balance Sheet
Account Summary
As Of 05/31/2024
Account Name Balance
Fund:111-WYLIE ECONOMIC DEVEL CORP
Assets
M_EQ_0_1,Q[LQ CLAIM ON CASH AND CASH EQUIV. 13,613,626.85
1 L:I -1-0Q0 101 IS CASH-WEDC-INWOOD 0.00
1 L1 I QQQ-10135 ESCROW 0,00
J L o001.0ILQ DEPOSITS 2,000.00
1111Q00-10198 OTHER-MISC CLEARING 0.00
11.1 10QQ LQ3141. TEXPOOL 0.00
M iQQC?L.t)M1 LOGIC 0.00
111 t99q 1.0481µ INTEREST RECEIVABLE 0.00
111 €0Q911 21i ACCTS REC-MISC 0.00
1 1.1 1 C100 I1517 ACCTS REC-SALES TAX 0.00
112 kOf10,.10810 LEASE PAYMENTS RECEIVABLE 0.00
32L 1QCCt 1295C1 LOAN PROCEEDS RECEIVABLE 0.00
k1. 10Q0w1_?_99k LOAN RECEIVABLE 0.00
21:L I 0000IZT17 ACCTS REC-JTMTECH 0.00
tt,s f1QQ 1'a£1918 ACCTS REC-'FORGIVEABLE LOANS 717,000.00
I1 t0001.41t? INVENTORY-MATERIAL/SUPPLY 0.00
E_CtI 1FLC0,11116 INVENTORY'-LAND&BUILDINGS 14,645,353.88
11.1_t 100 14118 INVENTORY-BAYCO/SANDEN BLVD 0.00
11 1£1QQ-4110 PREPAID EXPENSES-MISC 0.00
U_ LQ00 144m10 DEFERRED OUTFLOWS 1,153,500.00
Total Assets: 30,131,480.73 30,131,480.73
Liability
111-2000 20110 FEDERAL INCOME TAX PAYABLE 0.00
11.1 200 20111 MEDICARE PAYABLE 0.00
Cu2-0 Q-20112 CHILD SUPPORT PAYABLE 0.00
111 2Q00-2011.3 CREDIT UNION PAYABLE 0.00
11I 2QE1t7-20L11I IRS LEVY PAYABLE 0.00
111 2 100?CI11a NATIONWIDE DEFERRED COMP 0.00
C1 (E 701 6 HEALTH INSUR PAY-EMPLOYEE 10,879.98
121 1CI00 2011.7 TMRS PAYABLE 9,881.83
111.2000-20118 ROTH IRA PAYABLE 0.00
11:Z 2QQt7-?Q1111 WORKERS COMP PAYABLE 0.00
1.11 200Q 20120 FICA PAYABLE OAO
12L 2£t00-702:11 TEC PAYABLE 0.00
111-2000 20122 STUDENT LOAN LEVY PAYABLE 0.00
12:1 2-00(12Q1.23 ALIMONY PAYABLE 0.00
11. 2000-20 C24 BANKRUPTCY PAYABLE 0.00
i L1 ?Q00 20225 VALIC DEFERRED COMP 0.00
111-2000.20126 ICMA PAYABLE 0.00
21.1 LQ QQ 2�O1.27 EMP.LEGAL SERVICES PAYABLE 0.00
11 000 2C 130 FLEXIBLE SPENDING ACCOUNT 6,762,34
1 S 1 200 201-31. EDWARD JONES DEFERRED COMP 0.00
11 20QQU-1101a2 EMP CARE FLITE 12.00
LI 20P(1 2)l33 Unemployment Comp Payable 46.93
1.11.-2000 20151. ACCRUED WAGES PAYABLE 0.00
1 L1 7C1O ?Cl E ADDIT EMPLOYEE INSUR PAY 92.32
1_11-2000-20199 MISC PAYROLL PAYABLE 0,00
11:1 2000-20201 AP PENDING 0.00
1111-2000-20210 ACCOUNTS PAYABLE 0.00
11L 2000 20530 PROPERTY TAXES PAYABLE 0.00
1�11-200 3 205a40 NOTES PAYABLE 1,153,500.00
111 200C1 20_ 10) DUE TO GENERAL FUND 0.00
6/11.,12024 1.1:16:21 AM Page 1 of:1
12
0611912024 Item B.
Balance Sheet As
Account Name Balance
11 2000-27.270 DEFERRED INFLOW 0.00
11T1 2000-22275 DEF INFLOW-LEASE PRINCIPAL 0.00
11I 1000 2?280 DEFERRED INFLOW-LEASE INT 0.00
11.1 2000 2291.5 RENTAL DEPOSITS 1,200.00
....................
Total Liability: 1,182,375.40
Equity
1 t I-3000 114110 FUND BALANCE-RESERVED 0.00
11.1 30 0 34590 FUND BALANCE-UNRESERV/UNDESIG 29,403,081.04
Total Beginning Equity: 29,403,081.04
Total Revenue 2,459,056.02
Total Expense 2,913,031.73
Revenues Over/Under Expenses -453,975.71
Total Equity and Current Surplus(Deficit): 28,949,105.33
Total Liabilities,Equity and Current Surplus(Deficit): 30,131,480.73
611112024 1.1:16C 21 AM Page 2 of:3
F13]
0611912024 Item B.
Balance Sheet As
Account Name Balance
Fund:922-GEN LONG TERM DEBT(WEDC)
Assets
Total Assets: 0.00 0.00
Liability
02 _2000-28 48 GOUCAP LOAN/SERIES 2022 7,556,077.29
Total Liability: 7,556,077.29
Total Equity and Current Surplus(Deficit): 0.00
Total Liabilities,Equity and Current Surplus(Deficit): 7,556,077.29
***FUND 922 OUT OF BALANCE*** -7,556,077.29
***Warning:Account Authorization is turned on. Please run the Unauthorized Account Listing Report to see if you are out of balance due to missing
611112024 1.1:1.6:21 AM Page ;of:3
F14]
0611912024 Item B.
Wylie Economic Development Corporation
SALES TAX REPORT
May 31,2024
BUDGETED YEAR
DIFF %DIFF
MONTH FY 2021 FY 2022 FY 2023 FY 2024 23 vs. 24 23 vs.24
DECEMBER $ 235,381.33 $ 263,577.66 $ 338,726.54 $ 374,686.38 $ 35,959.83 10.62%
JANUARY $ 262,263.52 $ 326,207.92 $ 368,377.73 $ 393,994.39 $ 25,616.67 6.95%
FEBRUARY $ 456,571.35 $ 417,896,79 $ 480,381.11 $ 265,491,94 $ (214,889.17) -44.73%
MARCH $ 257,187.91 $ 305,605,50 $ 313,686.17 $ 577,757,71 $ 264,071.54 84.18%
APRIL $ 221,881.55 $ 265,773.80 $ 310,050.94 $ 341,335.06 $ 31,284.12 10.09%
MAY $ 400,371.70 $ 401,180.20 $ 434,878.33 $ 448,671.55 $ 13,793.21 3.17%
JUNE $ 290,586.92 $ 343,371.26 $ 330,236.89 $ -
JULY $ 314,559.10 $ 331,432.86 $ 379,162.00 $
AUGUST $ 390,790.76 $ 429,696.16 $ 448,253.70 $
SEPTEMBER $ 307,681.15 $ 337,512.61 $ 371,880.65 $
OCTOBER $ 326,382.38 $ 346,236.36 $ 377,466.67 $
NOVEMBER $ 411,813.32 $ 392,790.84 $ 458,694.91 $
Sub-Total $ 3,875,470.98 $ 4,161,281.96 $ 4,611,795.64 $ 2,401,937.02 $ 155,836.20 11.71%
Total $ 3,875,470.98 $ 4,161,281.96 $ 4,611,795.64 $ 2,401,937.02 $ 155,836.20 11.71%
WEDC Sales Tay Analysis
$700,000
$600,000
$500,000
$400,000
$300,000 2023
2024
$200,000
$100,000
$0
(} a
Sales Tax collections typically take 2 months to be reflected as Revenue.SlsTx receipts are then accrued back 2 months.
Example:May SlsTx Revenue is actually March SIsTx and is therefore the 6th allocation in FY24.
15
0611912024 Item 1.
WYLIEEDC Wylie Economic Development Board
AGENDA REPORT
Meeting Date: June 19,2024 Item Number: 1
Prepared By: Jason Greiner (Staff Use Only)
Consider and act upon construction services for Cooper Plaza at Hwy 78 &Brown.
Motion to award the contract to in the amount of$
and further authorize the Executive Director to execute any and all necessary documents.
Discussion I
As the Board will recall,the WEDC has been working toward the redevelopment of Hwy 78 &Brown since 2018 and is
currently in the process of construction of TxDOT improvements at this location.
Staff is bringing this item to the Board to consider and act upon the construction services associated with the infrastructure
to serve Cooper Plaza, a proposed mixed-use development(Retail, Restaurant and Office) at the intersection of SH 78
and Brown Street. Estimated start date is July/Aug contingent on contract execution.
Bids are still being received via electronic submission via email addressed to Wylie Economic Development
Corporation, 250 South Highway 78, Wylie, TX 75098 until 5:00 PM., on June 14th,2024.
Cooper Plaza
The Work is to include furnishing all labor,materials,and equipment and performing all work necessary
for the construction of infrastructure to serve a future retail development located at the intersection of
State Highway 78 and Brown Street. The improvements include approximately sixty thousand three
hundred and eighty (60,380) square feet of reinforced concrete pavement, one thousand seven hundred
and fifteen (1,715) linear feet of 8" PVC water line, one thousand two hundred and fifty-four (1,254)
linear feet of 8"PVC sanitary sewer line,one thousand eight hundred and fifty-two(1,852)linear feet of
Class III RCP, retention pond, and retaining walls for Cooper Plaza in Wylie, Texas.
Staff will provide additional information during the meeting and in the Executive Session.
Page 1 of
16__
0611912024 Item 2.
WYLIEEDC Wylie Economic Development Board
AGENDA REPORT
Meeting Date: June 19, 2024 Item Number: 2
Prepared By: Jason Greiner
Subject
Consider and act upon issues surrounding the construction services at Hwy 78 &Brown with Reeder Concrete Inc.
Motion to approve Change Order No. 1 with Reeder Concrete Inc. and further authorize the Executive Director to execute
any and all necessary documents.
Discussion
As the Board will recall, the WEDC awarded a bid for the Hwy 78 & Brown construction services related to TxDOT
improvements to Reeder Concrete Inc. in the amount of$1,038,487.75 on March 1, 2024.
Due to a discrepancy between the construction plans and the legend regarding lime and asphalt, Reeder bid for 6" lime
subgrade.However, TxDOT requires that 12"of lime be installed,which adds the need for an additional 6"of lime and 2"
of asphalt. Reeder has provided Change Order No. 1 in the amount of$212,506.20 for this revision.
Y Addkional 5"Ti me subvade(V'*readv in comuactlfor total 1r Kme subaede 15660 S3 S 3.95 5f 53 93.,46
AddkmxW -HFAAC 9F 5M,=.80
3 5F a
TOTAL 212,506.20
Page 1 of
0611912024 ItWYLIEEDC DS1.
Wylie Economic Development
Board
AGENDA REPORT
Meeting Date: June 19,2024 Item Number: DS1
Prepared By: Jason Greiner (Staff Use Only)
Discuss issues surrounding the FY 2024-2025 WEDC Budget.
Recommendation I
No action is requested by staff for this item.
Discussion
Notable Dates:
June 19`h June WEDC Board Meeting
June 131h WEDC Budget Committee Meeting
June 251h Budget Work Session with City Council(GF,UF, and 4B)
July 91" Budget Work Session with City Council (All Funds)
July 171h July WEDC Board Meeting
July 23"d Final Budget Work Session with City Council
August 51h Proposed Budget Available to the Public and Filed with the City Secretary
August 274 Public Hearing of FY 2025 Budget/Adopt Budget
The WEDC Budget Committee met on June 13te to review and discuss the proposed FY 2024-2025 Budget.
Staff and the Budget Committee will provide an overview of the FY 2024-2025 WEDC Budget.
Page 1 of
18
0611912024 ItWYLIEEDC DS2.
Wylie Economic Development
Board
AGENDA REPORT
Meeting Date: June 19,2024 Item Number: DS2
Prepared By: Jason Greiner
Subject
Staff report: WEDC Property Update, Temporary Access Agreements, Downtown Parking, Engineering Report,
Upcoming Events, and WEDC Activities/Programs.
Recommendation 1
Fo action is requested by staff on this item.
Discussion
WEDC Property Update:
Property Management
• Utility disconnections in preparation for demolition are nearly complete for 305 S Ballard, 104 S Ballard, and
100 Oak. There will need to be remediation for asbestos found in the exterior glazing of the windows at 100 Oak.
Demolition on all properties is pending. WFR utilized 305 S Ballard for training opportunities and the Oak
location will be used by WFR and WPD in June.
• Staff has been in communication with the former tenant of 106 N Birmingham, 605 Commerce/Suite 200, and
908 Kirby regarding payment of past due rent.
• The Cross Church has requested use of WEDC property at Hwy 78/Brown for parking of carnival trailers from
June 10'-18th.
• Properties were examined following the spring storms and removal of trees and limbs has been ongoing.
Real Estate
• In relation to the pending real estate transaction at Hwy 78 &Brown,McClure Partners Construction has set
up a new LLC(Brown&78 Lot 1,LLC). After discussion with legal,McClure Partners LLC will assign the
Purchase and Sale Agreement to Brown& 78 Lot 1, LLC.
Listing Agreement Segovia Partners (SP)
• SP has continued to market developable properties and has engaged with potential users/developers.
• SP worked on appointment coordination for ICSC.
• Staff will provide project updates as needed in Executive Session.
Downtown Parking:
• KH prepared additional exhibits for the railroad ROW.
• KH is waiting on the City of Wylie downtown project for the regional drainage solution.
• Staff will provide additional updates in Executive Session.
Pagel of
19
0611912024 It DS2.
Downtown & SBO Property Concepts:
• KH to prepare concept layout for 503-701 S Ballard. Waiting on existing plat/survey data.
Engineering Report:
Design&Engineering-544 Gateway Addition—Kimley Horn(KH)
• A replat has been prepared to show final easements and is being coordinated with the City.
• Tiseo was onsite today(6/14),but construction will begin on 6/24
Design&Engineering-FM 544 Commercial—Special Planning Area(KH)
• Survey has been completed and KH is working on an exhibit for the RR.
• KH provided a concept showing a roadway alignment from 544(aligned with Medical Plaza Drive)that extends
through the City's 19-acre tract.
• Staff will provide any additional updates in Executive Session.
Environmental- State Hwy 78 &Brown—Elm Creek(EC) &Whitehead Environmental Services (WES)
• The Affidavit and final survey have been completed and will betaken to TCEQ for final review prior to issuance
of the Certificate of Closure.
State Hwy 78 TxDOT Improvements
• Project is currently under construction with KH providing construction management as-needed.
Design&Engineering-Cooper Plaza- State Hwy 78 &Brown
• Project is out for bid and responses are due on 6/14 at 5:00 PM.
• Anticipate submitting the bid summary and recommendation for the Board's consideration at the 6/19 meeting.
Flood Study&Drainage Study-Hooper/Steel/Regency Business Park(KH)
• Drainage study with final recommendations will be submitted for Option 6 improvements.
• KH is working on the existing storm sewer analysis.
• KH provided an exhibit showing the two properties that are recommended to be purchased due to the size of
the drainage easements for the proposed drainage infrastructure.
• KH preparing an IPO for the final design of the Option 6 improvements.
Hooper/Steel ROW Dedication.
• KH will provide an exhibit showing the ROW that would need to be obtained/dedicated.
Security Court Fire Lane Exhibit
• KH prepared an exhibit showing the fire lane.
• Staff will coordinate with adjacent property owners.
Water& Sewer Extension-State Hwy 78/Alanis (KH)
• Design is complete. Waiting on the signed and filed drainage and sanitary sewer easements.
• A pre-con meeting can be scheduled once all easements are signed and filed.
• Contractor will need to coordinate with NTMWD on shutdown for tie-in.
Eubanks Easement/ROW Coordination
• KH prepared an exhibit that shows ROW dedications/letter agreements to be obtained on the west side of the
road as an alternative route should negotiations stall with property owners on the east side of Eubanks.
• WEDC is coordinating with property owners.
• KH to prepare easement(and potentially ROW) documents for the properties once the gas line route has been
confirmed.
F20]
0611912024 It DS2.
Jackson Avenue Development
• KH is coordinating with City and design team for the Downtown infrastructure/wayfinding project to
coordinate parking, drainage and"theme"of the development.
• Once drainage solution is known KH will prepare an IPO for a master plan,preliminary and final engineering,
and an OPCC for the development of the block at Jackson/Oak/Marble. Architect/planner will be engaged to
help plan the buildings (anticipated to be shell buildings/condominiums for lease. The development will meet
the requirements of the Downtown overlay district.
Westgate Gas Line&Easement Coordination
• Engineering for this project has been completed.
• City Council approved the 380 Agreement with Ferah Tex Med at the 3-26-24 Council Meeting.
• Ongoing work on easements is taking place.
40 Acre Tract(SEC of Eubanks/78) Concept Plan
• KH will provide additional concept layouts.
• Staff will provide any additional updates in Executive Session.
BRE &Workforce Updates:
• Conducted 2 BRE visits in May.
• Held 2 follow-up meetings with employers to address challenges and/or opportunities identified during BRE
Visits including expansion plan discussions workforce development programs, and community involvement.
• Spoke at Texas Workforce Commission Workforce Forum about Workforce Resource Partners &Collaborative
approaches to strengthening regional workforce programs.
• Participated in CTE Connect with Wylie ISD,Plano ISD &EDC,Allen ISD &EDC&businesses, Collin
Technical College,WSNCT, and Women in Manufacturing to discuss workforce engagement and student
engagement.
• Attended CTE Advisory Meeting and Internship Signing Event.
• Explored initial planning of Government Contracting workshop for businesses interested in Department of
Defense (DOD) contracts.
Additional WEDC Activities/Programs in Review:
• Ongoing efforts toward social media, Discover Wylie, and Social Media Rescue for local businesses.
• Ongoing meetings and discussions with real estate developers,property owners, and legal continue.
• Attended preconstruction meetings for both the FM 544 Gateway and Hwy 78 &Brown projects.
• Planned and attended the Wylie Entrepreneur Expo on May 1.
• Hosted Workforce Housing lunch&learn in Downtown Wylie with Day One Experts.
• Coordinated the facilitation of meetings and attended ICSC Las Vegas May 19-21.
• Performed additional reconfiguration of the website,data management,and development of marketing materials.
• Worked with legal regarding ongoing real estate projects and performance agreements.
• Sales tax revenues for June are up 14.45%. YTD sales tax revenues are up 12.10%.
Upcoming Events:
• Chamber Luncheon: Leadership Wylie Class 20 Graduation—June 25
• WISD New Teacher Luncheon—July 23
• Wylie Championship Rodeo—September 6-7
• TEDC—ED Sales Tax Workshop—DFW—September 13
Please see the attached Marketing Calendar for the full list of upcoming events.
F21]
WYLIEECONOMIC 1 06/99/2024 It DS2.
DEVELOPMENT
2024 May Board Meeting-15tn
Day Time Meeting/Event
1 Wylie Entrepreneur Expo
6-10 Economic Development Week
13-14 TWC Workforce Forum-aw
14 6:00 pm City Council- EconDev Week Recognition
15 7:30 am WEDC—Board Meeting
15 12:30-3:30 pm Social Media Rescue: Facebook Ads Class
16 5:30 pm Wylie ISD Summer Job Fair for Students
19-21 ICSC 2024 Las Vegas—Las Vegas—mp, bp,ro,mw,dd,jg, rh
21 11:00 am Internship Signing Day
21 11:30 am CCBA-State of the Business
23 5:01 pm 5:01 PM Professional Networking—The Taco Joint
7mm CLOSED lVlm mortal D y �aiod y
27 11:30 am Wylie Veterans Memorial: 141"Annual Salute to Heroes—Olde City Park
29-30 Board &Commission Interviews
2024 June Board Meeting-19tn
Day Time Meeting/Event
4 8:30-9:30 am WDMA Meeting
5-7 TEDC Mid-Year Conference—Conroe,TX—jg,rh
7 5-7:00 pm Herman Marshall Tasting Room Ribbon Cutting
8 6:00 pm Whisker Wishes- In-Sync Exotics Gala-Boyd Farm
11 6:00 pm City Council
14 9:00-5:00 pm Chamber—4th Annual East Collin County Women's Conference
15 10—3:00 pm Wylie 4th Annual Juneteenth Celebration—Olde City Park
19 7:30 am WEDC-Board Meeting
25 11:30 am Rescheduled:Chamber Luncheon- Leadership Wylie Class 20 Graduation *RSVP Required
25 5:30 pm City Council: Reception for Outgoing Board Members&Swear-In of New Members
27 5:01 pm 5:01 PM Professional Networking—Herman Marshall Tasting Room
29 10:00-9:00 pm Bluegrass on Ballard—Historic Downtown Wylie/Olde City Park
2024 July Board Meeting-17cn
Day Time Meeting/Event
3 9:45 pm City of Wylie Fourth of July Fireworks; Founders Park
5 CLOSED_ 4111 of J.g y_In nckgqLck Da
9 6:00 pm City Council/WEDC Budget Work Session
17 7:30 am WEDC-Board Meeting
23 6:00 pm City Council/Final Budget Work Session with Council
23 11:30 am Chamber—WISD New Teacher Luncheon
25 5:01-7:00 pm 5:01 PM Professional Mixer-TBD
Around the Corner...
• Team Texas Annual Economic Consultant Summit-Rockwall, TX-August 27-28
• Retail Live!South Central 2024-Austin, TX-August 29-30
• Wylie Championship Rodeo—September 6-7 *RSVP Required
• TEDC—ED Sales Tax Workshop—DFW—September 13 *RSVP Required
• National MFG Day—October 4
• Hope Under the Stars—October 5 *RSVP Required
• Wylie ISD Fall Break—October 14-18
22]