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07-17-2024 (WEDC) Agenda PacketWylie Economic Development Corporation Board Regular Meeting July 17, 2024 — 7:30 AM WEDC Office Conference Room - 250 South Highway 78, Wylie, Texas 75098 CALL TO ORDER INVOCATION & PLEDGE OF ALLEGIANCE WY LIEECi: 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. ,.. Consider and act upon approval of Minutes from the June 19, 2024 Regular Meeting of the WEDC Board of Directors. R.,._ Consider and act upon approval of the June 2024 WEDC Treasurer's Report. REGULAR AGENDA I...._ Consider and act upon the approval of the FY 2024-2025 WEDC Budget. DISCUSSION ITEMS Q.S1_,_ 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. 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. 551.074. PERSONNEL MATTERS; CLOSED MEETING. 14 p n 'I::J R 11 (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. 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, 2024-4c, and2024-5a. 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 July 12, 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: :pr:9 �2 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. :pr:9c �3 0711712024 Item A. Minutes Wylie Economic Development Corporation Board of Directors Regular Meeting June 19, 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 7:32 a.m. Board Members present were 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 With no 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. 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 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. 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 3-0. REGULAR AGENDA 1. Consider and act upon construction services for Cooper Plaza at Hwy 78 & Brown. Staff Comments Staff reminded the Board that the WEDC has been working toward the redevelopment of Hwy 78 & Bown since 2018. Additional information and the two bids that have been submitted will be discussed further in Executive Session and the Board will consider this item after Executive Session. 0711712024 Item A. WEDC — Minutes June 19, 2024 Page 2 of 3 2. Consider and act upon issues surrounding the construction service at Hwy 78 & Brown with Reeder Concrete Inc. Staff Comments Staff reminded the Board that the WEDC awarded a bid for the Hwy 78 & Brown construction services related to TxDOT improvement 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 has provided Change Order No. 1 in the amount of $212,506.20. Reeder originally 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. Staff noted that there might be an option to modify with flex base versus lime. If so, the cost would be less than the proposed Change Order No. 1, as it represents the maximum cost to correct the issue. Board Action A motion was made by Demond Dawkins, seconded by Blake Brininstool, to approve Change Order No. 1 with Reeder Concrete Inc. and further authorize the Executive Director to execute any and all necessary documents. A vote was taken, and the motion passed 3-0. DISCUSSION ITEMS DSI. Discuss issues surrounding the FY 2024-2025 WEDC Budget. Staff Comments Staff discussed the FY 24-25 WEDC Budget process and provided a high-level overview of FY 23- 24 revenues and expenses in order to project the ending fund balance for the year. For this FY, Staff anticipates an ending fund balance of S8.4 MM. Sales tax revenue is projected to increase by 10% at $4.9 MM. Staff discussed the process of forecasting expenses for the installation of infrastructure, the timing of the sale of WEDC properties, and anticipated expenses related to the engineering for projects, noting that some items will be carried over to the next year. Staff reviewed the anticipated revenues and expenditures for FY 24-25, with an anticipated FY25 ending fund balance of S 1.9 MM. Staff will continue to evaluate the remaining costs related to infrastructure in this current FY and adjust the anticipated ending fund balance as needed. The Budget Committee discussed the budget process, the addition of shared technology software with the City of Wylie in FY25, and the need to be aware of potential additional costs due to the number of infrastructure projects active. Staff discussed the partnership with the Chamber of Commerce and noted that the Budget Committee did not make a recommendation to increase any partnership levels with the Chamber of Commerce. Further budget review will take place with City Council on July 9, 2024. DS2. 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 past events, Staff and the Board commented and shared their experience and the importance of attending ICSC Las Vegas. EXECUTIVE SESSION 0711712024 Item A. WEDC — Minutes June 19, 2024 Page 3 of 3 Recessed into Closed Session at 8:08 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, 2024-4c, 2024-4e, and 2024-5a. RECONVENE INTO OPEN SESSION Take any action as a result of the Executive Session. President Whitehead reconvened into Open Session at 8:46 a.m. and the Board took the following action: Board Action A motion was made by Blake Brininstool, seconded by Demond Dawkins, to award the contract to McMahon Contracting LP in the amount of $7,734.798.17 and further authorize the Executive Director to execute any and all necessary documents. A vote was taken, and the motion passed 3-0. 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 8:46 a.m. Melisa Whitehead, President ATTEST: Jason Greiner, Executive Director 10-1 0711712024 Item 8. WY L I E�D( Wylie Economic Development AGENDA REPORT Meeting Date: July 17, 2024 Item Number: B Prepared By: Jason Greiner Consider and act upon approval of the June 2024 WEDC Treasurer's Report. Motion to approve the June 2024 WEDC Treasurer's Report. Presented for the Board's review and approval is the June 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 April allocated in June, was $377,949.25, an increase of 14.45% over the same period in 2023. EXPENSES: Special Services -Real Estate $25,500.00 Intercon Demolition Company (Clearing Trees — Hwy78 & Brown St) En ing eeringlArchitectural $ 8,925.00 Kimley-Horn & Associates, Inc (Regency Drainage) $7,682.50 Kimley-Horn & Associates, Inc (General Engineering) $12,500.00 Kimley-Horn & Associates, Inc (Jackson Ave. Redevelopment) BUDGET TRANSFER: $30,000.00 transferred into Audit & Legal Services (56510) from Advertising (56080). Page 1 of 1 WY L I E I,) IE V E VI 0 1,"'' INA E P4 ""1Ir' June Rev/E 1 07/17/2024 Item B. Account Summary For Fiscal: 2023-2024 Period Ending: 06/30/2024 Variance Original Current Period Fiscal Favorable Percent Total Budget Total Budget Activity Activity (Unfavorable) Remaining Fund: 111 - WYLIE ECONOMIC DEVEL CORP Revenue 1 1 1 „�r1V1i11 �2L1 SALES TAX 4,536,561.00 4,536,561.00 377,949.25 2,779,886.27 -1,756,674.73 38.72 % 11 II „�1LIYif1 �111„111 ALLOCATED INTEREST EARNINGS 112,000.00 112,000.00 44,282.86 393,943.07 281,943.07 351.73 % 11 1,,,41"U22 4E 11,,j4 RENTAL INCOME 48,600.00 48,600.00 3,050.00 29,980.65 -18,619.35 38.31 % 11 II �11i l) 4 8ip 11y MISCELLANEOUS INCOME 0.00 1,250.00 0.00 1,947.08 697.08 155.77 % 1 II 1 Li1'7if1 a1 i ly1 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 7,354,381.00 425,282.11 2,929,372.71 -4,425,008.29 60.17% Expense 1I1„-„56 I-,33160 SALARIES 440,500.00 460,570.00 32,198.39 294,855.78 165,714.22 35.98% 111-5631-533 0 OVERTIME 0.00 0.00 0.00 871.40 -871.40 0.00 % 113_561 1- r11+10 LONGEVITY PAY 1,200.00 1,200.00 0.00 1,092.00 108.00 9.00 % 1 N 0„-„563 1-53 3,10 TMRS 68,500.00 71,611.00 4,833.35 43,016.47 28,594.53 39.93 % 1 N 0-5631-.a1+q10 HOSPITAL & LIFE INSURANCE 81,000.00 81,169.00 5,023.41 45,093.88 36,075.12 44.44 % 1 N 1-561 I .a14,20 LONG-TERM DISABILITY 1,600.00 1,714.00 62.47 475.94 1,238.06 72.23 % 11 0-563 1-51fd,'1) FICA 27,000.00 28,245.00 1,873.64 17,082.76 11,162.24 39.52 % 110-,J5 11-5u4,50 MEDICARE 6,400.00 6,691.00 438.20 3,995.18 2,695.82 40.29% 11 1-,J563 N-514,;/0 WORKERS COMP PREMIUM 2,100.00 2,100.00 0.00 1,137.35 962.65 45.84 % 11 1-!,' 63 N- a34 N) UNEMPLOYMENT COMP (TWC) 1,600.00 1,600.00 0.00 603.72 996.28 62.27 % 1111 5631-51tl1]0 OFFICE SUPPLIES 5,000.00 5,000.00 333.55 2,905.79 2,094.21 41.88% 1 N 1 5611-51d;ffl POSTAGE & FREIGHT 300.00 300.00 0.00 194.70 105.30 35.10 % 1I'Ill 5631-p18,10 FOOD SUPPLIES 3,000.00 3,000.00 244.28 2,262.11 737.89 24.60% 11'II ,;5611 S4,,,140 FURNITURE & FIXTURES 2,500.00 2,500.00 0.00 325.80 2,174.20 86.97 % 11'II5611 S48;1„0 COMPUTER HARD/SOFTWARE 7,650.00 7,650.00 0.00 2,299.98 5,350.02 69.93 % 1 N 1,,,5611 56030 INCENTIVES 1,929,250.00 1,929,250.00 0.00 1,015,000.00 914,250.00 47.39 % I! 1 II „JS6p J 560,40 SPECIAL SERVICES 37,270.00 37,270.00 252.50 16,705.00 20,565.00 55.18 % II 1 II':56 U .n1114 111, SPECIAL SERVICES -REAL ESTATE 234,500.00 234,500.00 29,241.50 128,009.46 106,490.54 45.41 % 1 II 15 11 f,,0,112 SPECIAL SERVICES-INFRASTRUCTUR 10,324,000.00 10,324,000.00 0.00 6,101.36 10,317,898.64 99.94 % 11 II f,' 6 j aVilJyr~Cfl',aG ADVERTISING 226,125.00 196,125.00 3,250.00 93,564.91 102,560.09 52.29 % 1 N II 5611 56090 COMMUNITY DEVELOPMENT 64,950.00 66,200.00 7,286.57 35,356.70 30,843.30 46.59 % 1I1 Sfi11 S6p,;J0 COMMUNICATIONS 7,900.00 7,900.00 259.24 3,634.93 4,265.07 53.99% 11 1 „" 6 1 56180 RENTAL 27,000.00 27,000.00 2,250.00 20,250.00 6,750.00 25.00 % 3I1;?56U 562,;10 TRAVEL & TRAINING 73,000.00 73,000.00 10,960.44 50,953.18 22,046.82 30.20% 111„-„5 31-562bO DUES & SUBSCRIPTIONS 60,733.00 60,733.00 2,644.57 57,853.11 2,879.89 4.74% 1 N 1-' 63 1-56 ,10 INSURANCE 6,800.00 6,800.00 0.00 5,653.11 1,146.89 16.87 % 111„-„5631-.nu; r,;N 0 AUDIT & LEGAL SERVICES 23,000.00 53,000.00 4,759.30 26,509.33 26,490.67 49.98 % 1 11-;,'a61'I-.r4i r;/0 ENGINEERING/ARCHITECTURAL 530,175.00 530,175.00 52,219.25 372,683.92 157,491.08 29.71 % 11 0-',' 631-.raiQi,10 UTILITIES -ELECTRIC 2,400.00 2,400.00 187.50 1,530.26 869.74 36.24% 1 11-,J563 1 -514„10 PRINCIPAL PAYMENT 600,096.00 600,096.00 50,433.89 447,754.46 152,341.54 25.39 % 1 0 1563 N aJ dN„J5 INTEREST EXPENSE 631,902.00 631,902.00 52,232.58 476,243.77 155,658.23 24.63 % 11 1 ,5631 58310 LAND -PURCHASE PRICE 1,000,000.00 1,000,000.00 0.00 7,079.00 992,921.00 99.29 % 11 1-5631-58995 CONTRA CAPITAL OUTLAY 0.00 0.00 0.00 -7,079.00 7,079.00 0.00 % Expense Total: 16,427,451.00 16,453,701.00 260,984.63 3,174,016.36 13,279,684.64 80.71% Fund: 111 - WYLIE ECONOMIC DEVEL CORP Surplus (Deficit): -9,074,320.00 -9,099,320.00 164,297.48 -244,643.65 8,854,676.35 97.31% Report Surplus (Deficit): -9,074,320.00 -9,099,320.00 164,297.48 -244,643.65 8,854,676.35 97.31% 2da 1 ^;). kt .50 1"pP+'1 1 gu 0711712024 Item 8. Budget Report For Fiscal: 2023-2024 Perio 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 7,354,381.00 425,282.11 2,929,372.71 -4,425,008.29 60.17% Expense 16,427,451.00 16,453,701.00 260,984.63 3,174,016.36 13,279,684.64 80.71% Fund: 111- WYLIE ECONOMIC DEVEL CORP Surplus (Deficit): -9,074,320.00 -9,099,320.00 164,297.48 -244,643.65 8,854,676.35 97.31% Report Surplus (Deficit): -9,074,320.00 -9,099,320.00 164,297.48 -244,643.65 8,854,676.35 97.31%,. Budget Report 0711712024 Item 8. For Fiscal: 2023-2024 Perio 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 -9,099,320.00 164,297.48 -244,643.65 8,854,676.35 Report Surplus (Deficit):-9,074,320.00 -9,099,320.00 164,297.48 -244,643.65 8,854,676.35 ,tl 2 1 1). kt:."50 1'�P'1 p g o 3 n; 1D 0711712024 Item 8. Wylie Economic Development Corporation Statement of Net Position As of June 30, 2024 Assets Cash and cash equivalents $ 13,809,671.51 Receivables $ 717,000.00 Note 1 Inventories $ 14,645,353.88 Prepaid Items $ - Total Assets $ 29,172,025.39 Deferred Outflows of Resources Pensions $ 114,336.55 Total deferred outflows of resources $ 114,336.55 Liabilities Accounts Payable and other current liabilities $ 12,388.00 Unearned Revenue $ 1,200.00 Note 2 Non current liabilities: Due within one year $ 213,456.54 Note 3 Due in more than one year $ 15,136,816.48 Total Liabilities $ 15,363,861.02 Deferred Inflows of Resources Pensions $ (8,336.41) Total deferred inflows of resources $ (8,336.41) Net Position Net investment in capital assets $ - Unrestricted $ 13,914,164.51 Total Net Position $ 13,914,164.51 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 WYL I E 1,"') IE V E 1. 0 1,"' NA E P4 Ir Account Name Fund: 111 - WYLIE ECONOMIC DEVEL CORP Assets 111-1QQ101 10110 CLAIM ON CASH AND CASH EQU IV. 1,:1.1 14 Q10 :1,uJ11t CASH - WEDC - INWOOD 111-1000-101 ESCROW 1,:1.1 1u tl1u1 :1,411,11C DEPOSITS 111-10J00-1071 Q 1 OTHER - MISC CLEARING 11.1 pu"Q)V�.:M], I:p, TEXPOOL 111 1QQ0 Ja '1 LOGIC 1M7 :1.0,18 INTEREST RECEIVABLE 111-1 Q?Q)0-11: 11 ACCTS REC - MISC ACCTS REC - SALES TAX 1.11 1Q)Q)Q-12L10 LEASE PAYMENTS RECEIVABLE 11 p pu7Q)11-pIP)o LOAN PROCEEDS RECEIVABLE 1.1.1-10QQ.1222C LOAN RECEIVABLE 11.1 1000 12<0 / ACCTS REC - JTM TECH 1.11.-1.000-1.2598 ACCTS REC - FORGIVEABLE LOANS 1 11 3000 341112 INVENTORY - MATERIAL/ SUPPLY 1.11.-1.Qi 1Q1-1. 11.101 INVENTORY - LAND & BUILDINGS 111„„1 11)0o 1,'d"1111?, INVENTORY- BAYCO/SANDENBLVD 1 1.1.0Q!11.0 .101 PREPAID EXPENSES - MISC 1,:I 1441„k,) DEFERRED OUTFLOWS Total Assets: Liability 11122Q2. 2Qi 117i01 11.1 24"iQ1Q 2211.1, 11 2000 201.12 1:1 1 20a Q 2011.3 1.11 ?QQ0-2Q1.1Q 11.1 1u"iC1I2211 ;1 1.11-?QQ2.2-111fi 1, 1.2000 20:1, 1 U.21190-211111 1 21000 20119 111.2Q1Q)0.2Q112Q 1,1.1 2i)Q0 2012:1 1.1.1-2Q7Q)Q-101.22 3 2000 20123 1.1 -1002. 120 11,1 201100.,20] 2 :i 1.1 -2QQ2. 1120 11,1 2000 20]2;7 1. 120Q0-20;1301 1111.1 2001u.20331 1. 120Q2. 132 1111 270Qu 2r;1133, 1.1.1220Q0-2011.'01 11,1 2yMQ 221801 111-20Q0-20i190 11.1 24"i QlgzQ l 11122000-20212 111-20J00-?0J:100 11,1 2000 22LQ FEDERAL INCOME TAX PAYABLE MEDICARE PAYABLE CHILD SUPPORT PAYABLE CREDIT UNION PAYABLE IRS LEVY PAYABLE NATIONWIDE DEFERRED COMP HEALTH INSUR PAY -EMPLOYEE TMRS PAYABLE ROTH IRA PAYABLE WORKERS COMP PAYABLE FICA PAYABLE TEC PAYABLE STUDENT LOAN LEVY PAYABLE ALIMONY PAYABLE BANKRUPTCY PAYABLE VALIC DEFERRED COMP ICMA PAYABLE EMP. LEGAL SERVICES PAYABLE FLEXIBLE SPENDING ACCOUNT EDWARD JONES DEFERRED COMP EMP CARE FLITE Unemployment Comp Payable ACCRUED WAGES PAYABLE ADDIT EMPLOYEE INSUR PAY MISC PAYROLL PAYABLE AP PENDING ACCOUNTS PAYABLE PROPERTY TAXES PAYABLE NOTES PAYABLE DUE TO GENERAL FUND Balance 13,825,579.36 0.00 0.00 2,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 717,000.00 0.00 14,645,353.88 0.00 0.00 1,153,500.00 30,343,433.24 0.00 0.00 0.00 0.00 0.00 0.00 4,072.37 7,016.15 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 7,612.32 0.00 12.00 46.93 0.00 92.32 0.00 0.00 0.00 0.00 1,153,500.00 0.00 30,343,433.24 0711712024 Item B. Balance Sheet Account Summary As Of 06/30/2024 /2)2W 1' k'1050"r1 12 Balance Sheet 0711712024 Item B. As Account a.711-2000-22270 ..................................... 1.7171-2000-22280 ..................................... 111.3 2000 2291 :i Equity 212-:20.0.0-3 11Il.61 1 1: 34000 3' 90 Total Revenue Total Expense Revenues Over/Under Expenses Name Balance DEFERRED INFLOW 0.00 DEF INFLOW - LEASE PRINCIPAL 0.00 DEFERRED INFLOW - LEASE INT 0.00 RENTAL DEPOSITS 1,200.00 Total Liability: 1,173,552.09 FUND BALANCE - RESERVED 0.00 FUND BALANCE-UNRESERV/UNDESIG 29,403,081.04 Total Beginning Equity: 29,403,081.04 2,885,089.85 3,118,289.74 -233,199.89 Total Equity and Current Surplus (Deficit): 29,169,881.15 Total Liabilities, Equity and Current Surplus (Deficit): 30,343,433.24 /2)2W 12:k'p052"ri P'igc ° of !i 13 Balance Sheet Account Name Fund: 922 - GEN LONG TERM DEBT (WEDC) Assets Balance Total Assets: 0.00 0.00 Liability �b.22w20.0.0ww 18. GOVCAP LOAN/SERIES 2022 7,556,077.29 Total Liability: 7,556,077.29 Total Equity and Current Surplus (Deficit): 0.00 0711712024 Item B. As 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 /2tl)2 W 1 ': k'p 05 P""r1 Pigc d of !i 14 1 0711712024 Item 8. Wylie Economic Development Corporation SALES TAX REPORT June 30, 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% APRI L $ 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 $ 377,949.25 $ 47,712.37 14.45% 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 $ 2,779,886.27 $ 203,548.56 12.10% Total $ 3,875,470.98 $ 4,161,281.96 $ 4,611,795.64 $ 2,779,886.27 $ 203,548.56 12.10% W111:.DC Sallies rax Ainalllysis $700,000 $600,000 $S00,000 $400,00:0 2023 $300,000 11111112024 $200,000 $100,000 $0 0 A 'Ap Sales Tax collections typically take 2 months to be reflected as Revenue. SIsTx receipts are then accrued back 2 months. Example: June Sls Tx Revenue is actually April SIsTx and is therefore the 7th allocation in FY24. F 15 0 0 0 0 0 o O o 0 o ' p O W O O O O O O O O O O p J 0 0 0 0 0 0 0 0 0 O p CD F Z CS M 0 0 O NO (�0 0 m ' p le O W ~ Z N O O o 0 o p ILLN 0 0 0 0 0 0 to Z W o o c o (o (p o L 0 o LO LO N M I a Q, a o r LL u'�i 1` " (11 o p Z ,, N LU Zi; i.u]7 W Q LL Of .i.,,, ti:;i Q1 N ON w Q O of � C N O O co c N L CV O Ln O N c,j co p ILL 6 o O d3 d3 d3 d3 d} H3 cK} cK} 63. 69 N A, 0 , , , , , , , , , 0 0 o }, N a 0 W N u 691 Z ILL �s �q t15 ta 613L 613L 61�1 6-> 63 to 0 � W N LU> V o N O W o 0 0 0 o 0 otS W N co 0 o c "'0 o �1:1 o Al 0 c) p o ( op o __: � o VJ (� M Q N o NcD o v i N N � o (� LU C ILL N (a N Q Z 3 Eq Eq fy. (y W3. 69 (f3. Is QAl fy to ti? T M >, N M C UO Q O OO O OON O OO O OO O OO O OO p M O�> > • CD O O O O O N >O O C pp ILL N O co OO O O 0 C > N W }LL) ILL N M rn >(o r o o o ur O o 0 U 1, cm ry o o 0 0 0 0 0 o p c o 0 o 0 0 0 0 w N � i 0 o o 0 0 0 0 0 0 4 o 0 0 yv N U C N 6 .'!",r O O O 1 O' N ([2 p C r N N N ILLr C N L O O O O O O O O O O � (0 J J � (0 i J � /\J LU O O O O O O O O O O O O O O O O O O O O G 9 N N >, J O O O O O O O O O O p m N (0 V Z OH O (ri M O r L6 O O O O W O O O m O O O N > > .Q > LUO u0 C. O I-- Z N LL LL -o LL N -o o > o o o o o LU o 0 0 0 ZLO W Of Z- LU LU r Q z c c W J } Z LU i 0 z N N N OJ I --La L Z Z O Q J z W Q Q Q Z Q W Z Q O 2 } O W Q Z U U J U a) Q v L7 U LU H a X c c O m Of o x H Z � = Q Z Z W LU 0 E E E a > Q ILLJ j W X J X W J Y J LL J Q W W O Z 2 Q O O 't O '� It Q Z Q C7 U O LLL LL (n N N a a N O d LL LL a d m d 6 a 0711712024 Item 1. WY L I E Wylie Economic Development Board AGENDA REPORT Meeting Date: July 17, 2024 Item Number: 1 Prepared By: Jason Greiner Consider and act upon the approval of the FY 2024-2025 WEDC Budget. Staff recommends that the Board approve the FY 2024-2025 WEDC Budget as presented. The FY 24-25 Draft Budget documents have been attached for your review. For FY25, the WEDC estimates $17,598,590 in available resources which includes a beginning fund balance of $8,370,042. Staff estimates the following WEDC Revenues: $4,990,217 in Sales Tax Receipts, $4,121,530 in proceeds from the Sale of WEDC-owned properties, $4,800 in Rental Income and $112,000 in allocated interest earnings. Expenses for FY25 are estimated at $15,276,661. Personnel Services are up from $629,900 to $666,499, Incentives are down from $1,929,250 to $1,741,250, Debt Service stayed the same at $1,231,998, and the WEDC's Capital Outlay (Land/Purchase) has $1,000,000 budgeted. As City Council will recall, staff has 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 due to the Series 2022 Note in the amount of $8.1MM. Notable Changes: Personnel Services: Up from $629,900 to $666,499 • Special Services: o SpecSery Misc: up from $37,270 to $87,270 o SpecSery Real Estate: down from $234,500 to $71,000 o SpecSery Infrastructure: down from $10,324,000 to $9,020,667 Includes remaining infrastructure investment for the 544 Gateway Addition and Cooper Plaza, as well as necessary water, sewer, and gas line extensions • Travel & Training: up from $73,000 to $95,500 • Dues & Subscriptions: up from $60,733 to $91,053 • Audit & Legal: up from $23,000 to $53,000 Page 1 of F 17 0711712024 Item 1. • Engineering Services: Up from $530,175 to $855,300 o Includes RBP Drainage Civils, Downtown/Jackson Designs, City's 19 AC Flood Study Staff estimates the FY25 ending fund balance of $2,321,929. Once approved by the WEDC Board of Directors, this budget will come back to City Council for final approval at the July 23`d City Council Meeting. As a reference, below is section 7.02 of the Wylie EDC Bylaws regarding the Budget: -ARTICLE VI:I FI:."tiANC'IIAL A.DMINISTRATIC1N The Corporation may contract with the City for financial and accounting se w'ices. The Corporation's fiinanci ig and 'accounting records Shah be n anitained according to the following guidelines 7 011 Fi,�rgl Yp-qr The fiscal year of Collroration shall begin on October l and end on Septenvber 0 of the folllowing year. 7.02 Baud&et A budget for the fortivcomilvg fiscal year shall be subnvitted to, and 'approved by, the Board of Directors and the City Council of the City of Wylie. In subn- tting the budget to the City Council, the Board of Directors shall subivnit the, budget on fornvs prescribed by the City Manager and in accordance with the azxnual budget preparation schedule as set forth by the City Manager. The budget shill be subnutted to the City Manager for nnclusion inv the m n fall budget presentation to the City Council. 7.03 Contracts As provided in Article V 'above, the. President and Secretary shill execute, any contracts or other. Attachments: • WEDC Narrative • WEDC Department Overview • WEDC Fund Balance Summary • WEDC Debt Service Detail • WEDC Revenue Projections • WEDC Expense Projections Page 2 of 2 18 0711712024 Item 1. The Wylie citizens, as authorized by the Texas State Legislature, created the Wylie Economic Development Corporation (WEDC) via the passage of a half -cent sales tax increase in 1990. Funds received by the WEDC are used solely to enhance and promote economic development within the Wylie community. STAFFING BUDGET 2021-2022 BUDGET 2022-2023 BUDGET 2023-2024 BUDGET 2024-2025 Executive Director 1.0 1.0 1.0 1.0 Assistant Director 1.0 1.0 Director of Business Retention 1.0 1.0 1.0 1.0 Senior Assistant 1.0 1.0 Administrative Assistant 1.0 1.0 1.0 Office Manager 1.0 1.0 Mkt & Comms Coordinator .5 TOTAL 3.0 4.0 5.5 5 The primary objectives of the WEDC are to increase local employment opportunities while enhancing and diversifying the City of Wylie's tax base. The WEDC currently employs five full-time professional staff members who report directly to the Executive Director, and the Director reports to a 5-member Board of Directors appointed by the Wylie City Council. Ex-Officio Members of the Board include the sitting Mayor and current City Manager. Meetings typically occur on the third Wednesday of each month at 7:30 a.m. and on an as -needed basis at the WEDC's office located at 250 S. Highway 78. The Wylie City Council provides oversight of the WEDC via approval of Bylaws, appointment of Board Members, approval of annual budgets, review of monthly expenditures and project approval. The City of Wylie Finance Department processes all financial functions of the WEDC and coordinates an annual Financial Audit by an independent, third -party firm. WEDC Board of IDirectors Current Appointment Teirim IExpires McHsa WNtehead, Presudent 06/2022 06/2025 Dernond DawHns, Voce Presklent 06/2024 06/2027 Walke Bdnonstoo0, Treasurer 06/2024' 06/2027 Why tirney McDougall, Secretary 07/2023 06/2025 ViaroVd Smotlh, Board (Member 0 /2024' 06/2026 19 1 0711712024Item 1. Budget Overview FY 2024-2025 Department Executive Summary Wylie EDC FY 2025 Budget Notes Notable increases/decreases from FY 2024 base budget: For FY25, the WEDC estimates $17,598,590 in available resources which includes a beginning fund balance of $8,370,042. Staff estimates the following WEDC Revenues: $4,990,217 in Sales Tax Receipts, $4,121,530 in proceeds from the Sale of WEDC-owned properties, $4,800 in Rental Income and $112,000 in allocated interest earnings. Expenses for FY25 are estimated at $15,276,661. Personnel Services are up from $629,900 to $666,499, Incentives are down from $1,929,250 to $1,741,250, Debt Service stayed the same at $1,231,998, and the WEDC's Capital Outlay (Land/Purchase) has $1,000,000 budgeted. As City Council will recall, staff has 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 due to the Series 2022 Note in the amount of $ 8.1 MM. Notable Changes: • Personnel Services: Up from $629,900 to $666,499 • Special Services: o SpecSery Misc: up from $37,270 to $87,270 o SpecSery Real Estate: down from $234,500 to $71,000 o SpecSery Infrastructure: down from $10,324,000 to $9,020,667 ■ Includes remaining infrastructure investment for the 544 Gateway Addition and Cooper Plaza, as well as necessary water, sewer, and gas line extensions • Travel & Training: up from $73,000 to $95,500 • Dues & Subscriptions: up from $60,733 to $91,053 • Audit & Legal: up from $23,000 to $53,000 • Engineering Services: Up from $530,175 to $855,300 0 Includes RBP Drainage Civils, Downtown/Jackson Designs, City's 19 AC Flood Study Staff estimates the FY25 ending fund balance of $2,321,929. Once approved by the WEDC Board of Directors, this budget will come back to City Council for final approval at the July 23`d City Council Meeting. Prepared by: Wylie EDC 20 0711712024Item 1. City of Wylie Fund Summary Wylie Economic Development Corporation Audited Wylie Economic Development Corp Ending Balance - 9/30/23 Projected'24 Revenues Available Funds Projected '24 Expenditures Estimated Ending Fund Balance 09/30/24 Estimated Beginning Fund Balance - 10/01/24 Proposed Revenues'25 Proposed Expenditures'25 Estimated Ending Fund Balance 9/30/25 a) Proposed Sales Tax is 10% higher than FY24 and includes $4.1MM in Gain/Loss Sale of Property. $ 12,625,715 4.846.361 17,472,076 (9,102,034) $ 8,370,042 $ 8,370,042 9,228,547 a) 15,276,661 $ 2,321,929 21 FY2024-2025 WEDC Debt Service Detail 0711712024Item 1. Jarrard Loan #6088461 $79,695.52 Payment No Due Date Interest Principal Total Payment Principal Balance 94 10/22/2024 $298.86 $2,810.29 $3,109.15 $76,885.23 95 11/22/2024 $288.32 $2,820.83 $3,109.15 $74,064.40 96 12/22/2024 $277.74 $2,831.41 $3,109.15 $71,232.99 97 1/22/2025 $267.12 $2,842.03 $3,109.15 $68,390.96 98 2/22/2025 $256.47 $2,852.68 $3,109.15 $65,538.28 99 3/22/2025 $245.77 $2,863.38 $3,109.15 $62,674.90 100 4/22/2025 $235.03 $2,874.12 $3,109.15 $59,800.78 101 5/22/2025 $224.25 $2,884.90 $3,109.15 $56,915.88 102 6/22/2025 $213.43 $2,895.72 $3,109.15 $54,020.16 103 7/22/2025 $202.58 $2,906.57 $3,109.15 $51,113.59 104 8/22/2025 $191.68 $2,917.47 $3,109.15 $48,196.12 105 9/22/2025 $180.74 $2,928.41 $3,109.15 $45,267.71 $2,881.99 $34,427.81 $37,309.80 Government Capital Loan (Series 2021: No. 9624 Effective 10/5/21) $7,246,324.61 Payment No Due Date Interest Principal Total Payment Principal Balance 36 10/5/2024 $21,014.34 $25,925.51 $46,939.85 $7,220,399.10 37 11/5/2024 $20,939.16 $26,000.69 $46,939.85 $7,194,398.41 38 12/5/2024 $20,863.76 $26,076.09 $46,939.85 $7,168,322.32 39 1/5/2025 $20,798.13 $26,151.72 $46,939.85 $7,142,170.60 40 2/5/2025 $20,712.29 $26,227.56 $46,939.85 $7,115,943.04 41 3/5/2025 $20,636.23 $26,303.62 $46,939.85 $7,089,639.42 42 4/5/2025 $20,559.95 $26,379.90 $46,939.85 $7,063,259.52 43 5/5/2025 $20,483.45 $26,456.40 $46,939.85 $7,036,803.12 44 6/5/2025 $20,406.73 $26,533.12 $46,939.85 $7,010,270.00 45 7/5/2025 $20,329.78 $26,610.07 $46,939.85 $6,983,659.93 46 8/5/2025 $20,252.61 $26,687.24 $46,939.85 $6,956,972.69 47 9/5/2025 $20,175.22 $26,764.63 $46,939.85 $6,930,208.06 $247,161.65 $316,116.55 $563,278.20 Government Capital Loan (Series 2022: Effective 7/20/22) $7,556,077.29 Payment No Due Date Interest Principal Total Payment Principal Balance 27 10/20/2024 $30,224.31 $22,393.16 $52,617.47 $7,533,684.13 28 11/20/2024 $30,134.74 $22,482.73 $52,617.47 $7,511,201.40 29 12/20/2024 $30,044.81 $22,572.66 $52,617.47 $7,488,628.74 30 1/20/2025 $29,954.51 $22,662.96 $52,617.47 $7,465,965.78 31 2/20/2025 $29,863.86 $22,753.61 $52,617.47 $7,443,212.17 32 3/20/2025 $29,772.85 $22,844.62 $52,617.47 $7,420,367.55 33 4/20/2025 $29,681.47 $22,936.00 $52,617.47 $7,397,431.55 34 5/20/2025 $29,589.73 $23,027.74 $52,617.47 $7,374,403.81 35 6/20/2025 $29,497.62 $23,119.85 $52,617.47 $7,351,283.96 36 7/20/2025 $29,405.14 $23,212.33 $52,617.47 $7,328,071.63 37 8/20/2025 $29,312.29 $23,305.18 $52,617.47 $7,304,766.45 38 9/20/2025 $29,219.07 $23,398.40 $52,617.47 $7,281,368.05 $356,700.40 $274,709.24 $631,409.64 Interest TotalFY 24-25 $606,744.04 Principal TotalFY 24-25 $625,253.60 Debt Service Total FY 24-25 $1,231,997.64 Total Principal Balance EOY 24-25 $14,256,843.82 (Payout Complete Dec FY 26-27; 120 Payments Total) (Loan is Eligible for Principal Reduction 11/2026) (Loan is Eligible for Principal Reduction in 8/2027) 22 I� F FF ' ' O O O O O O O F N a -I 1-I r-i O O O M M O M L' q N N N O O O M M CO Lr ll rh0 m M O O O N N N (O (O It r-1 00 No N N M M m r'l r'l N N N N N N N 0? 0? 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WY L I E.. °°°°°°. Wylie Economic Development ���mmmmm�� m��mm������������������,... Board AGENDA REPORT Meeting Date: July 17, 2024 Item Number: DS1 Prepared By: Jason Greiner 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. WEDC Property Update: Property Management • Utility disconnections were completed for 305 S Ballard, 104 S Ballard, and 100 Oak. Demolition on 305 S Ballard has been completed. Demolition of 104 S Ballard began on 7-12-24 and 100 Oak is slated for demolition in two weeks. WFR and WPD were able to utilize 305 S Ballard and 100 Oak for training opportunities. 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. Real Estate • Staff is working with contracted buyers to determine further amendments/extensions to coordinate closing dates with construction timelines. Staff will bring back recommendations soon. Listing Agreement — Segovia Partners (SP) • SP has continued to market developable properties and has engaged with potential users/developers. • Staff will provide project updates as needed in Executive Session. Downtown Parkinia: • KH is coordinating updated boundary surveys for the railroad ROW. • KH is waiting on the City of Wylie downtown project for the regional drainage solution. • Staff will provide additional updates as needed in Executive Session. Downtown & SBO Property Concepts: • KH to prepare TPO for Jackson Street Design and Staff will bring back options for architects. • KH is on bold regarding the conceptual layouts for 503-701 S Ballard. Enl!ineeri Page 1 of n 0711712024 Item DS1. Design & Engineering - 544 Gateway Addition — Kimley Horn (KH) • A replat has been prepared to show final easements and is being coordinated with the City. • Project is under construction with KH providing construction management as needed. Bi-weekly coordination meetings are being held with the City, Tiseo, KH and WEDC. • Three RFI's have been submitted. RFI 001 was related to an existing concrete slab identified in the grading process on Lot 4 and has been resolved. RFI 002 regarding existing sanitary sewer depth has been submitted and is under review by KH. RFI 003 regarding sanitary sewer flowlines/stub-outs and profiles has been submitted and is under review by KH. Additional surveying is taking place to avoid future related RFI's. Design & Engineering - FM 544 Commercial — Special Planning Area (KH) • KH to prepare an updated IPO for the Flood Study on the City's 19 AC site and FY25 project coordination. • Staff will provide any additional updates in Executive Session. Environmental- State Hwy 78 & Brown — Elm Creek (EC) & Whitehead Environmental Services (WES) • We received notification from TCEQ that our Certificate of Closure has been issued. Once we receive the official COC documents in the mail, we will file them with Collin County and provide proof of filing to TCEQ. State Hwy 78 TxDOT Improvements • Project is currently under construction with KH providing construction management as needed. • Engineering/Staff worked to find alternate solution to proposed Change Order 1 with the use of flex base versus lime, resulting in a savings of $52,483.40. • An issue was found with pipe sizing/height and a revised drainage plan was submitted to City. TxDOT approved the revised plans and requested that they be included in the final as-builts. Staff anticipates a Change Order by 7-15-24 in an estimated amount of 520,000. Design & Engineering - Cooper Plaza - State Hwy 78 & Brown • McMahon Contracting LP was selected by the Board for this project. We anticipate contract execution and the Preconstruction Meeting to be completed within the next week. • Excess fill was sourced and relocated to the site. Cost savings are estimated at $100,000. 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 preparing an IPO for the final design of the Option 6 improvements for FY 25. 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. 26 0711712024 Item DS1. • KH to prepare easement (and potentially ROW) documents for the properties once the gas line route has been confirmed. • Alternative options are being considered for the Gas Main Extension. Staff will provide an update, exhibit and estimated distance once the design is released from Atmos. Jackson Avenue Development • KH is coordinating with the 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. KH will need to prepare a general Easement for final approval with Atmos. • City Council approved the 380 Agreement with Ferah Tex Med at the 3-26-24 Council Meeting. • Ongoing work on the abandonment of the former easements is still taping place. BRIE & Workforce Updates: • Conducted 3 BRE visits in June. • Held 2 follow-up meetings with employers to address challenges identified during BRE Visits including expansion plan discussions, workforce development programs, and community involvement. Both companies are applying for participation in the Skills Development Fund program through Collin College and TWC. • Received notice that AXL Advanced, a local manufacturer of military and first responder gear, has been awarded a Skills Development Fund Grant for specialized equipment and technology training for its workforce. • Finalized plans for a hands-on Gov -Con 101 workshop teaching local employers how to access State and Federal government contracts. • Participated in 2 educational webinars, one for Manufacturing Day, Creators Wanted, entitled "Getting the Word Out" and one workforce training program webinar "TWC Grant Funding / WSNCT Matching Grant Program". 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 TEDC Mid -Year Conference in Conroe, TX. • Attended Whisker Wishes- In Sync Exotics Gala. • Attended the Chamber- 4t" Annual East Collin County Women's Conference. • Attended the City Council Reception for Outgoing Board Members/Oath of Office. • Jason Greiner was selected to participate in the first Certified Texas Economic Developer (CTED) program for the State of Texas and attended the first series of classes through Texas A&M Extension Service Headquarters. • Staff facilitated the interview and hiring process for the WEDC Office Manager position. We are happy to announce that Christy Stewart will join the team on Monday, July 15' • 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 July are down 1.30%. YTD sales tax revenues are up 10.43%. Upcoming Events: • WISD New Teacher Luncheon — July 23 • Legislative Dinner — August 22 (Tentative) • Wylie Championship Rodeo — September 6-7 • TEDC — ED Sales Tax Workshop — DFW — September 13 27 0711712024 Item DS1. • Hope's Gate - Hope Under the Stars — October 5 Please see the attached Marketing Calendar for the full list of upcoming events. QUARTERLY UPDATE SPEAK LOUD G P21, 0 U IF3', Nlairketknci & Advert�sing Expert's 6 mmmmll� 1 0711712024 Item DS1. m low 18-`IF 111M m 111111. 5- 4 35-44 45-54 55-64 55+ IIM women 0 men '79.5% 20,5% SPT DATA UNIQUE IMPRESSIONS 2439065 AVERAGE PEOPLE REACHED PER MONTH BIK ACTIONS TAKEN TO BUSINESS PAGES B900 0711712024 Item DS1. [/f/fUMMINI -111PR w EXECUTED: WEE Expo Promotion WEE Video Interviews Bluegrass Photo Coverage WEDC Social Media Takeover DSPT New Single Video Format Success COMING SOON: LIVE LOVE WYLI E New Podcast Format & Production Discover Wylie Ad Campaigns Rodeo Coverage Social Media Rescue Fall 2024 Holiday Promotion Grinch Rollout WINUM &M-11. w > � \Z } \ 1 ± © © r » > 2 a _ } \ \ % z > J %.� ^ :%(� ' \`% ° < �«zw< ? z E D C Social Media Compare 3 0 ^ \o''It a /± s t ; Car,,/Tr''t 111111 m ~ , 8400+ ����o�o��o�o�o ��hii«�mw. 0�ll�0����ti�����- ���� �loi�i���m��. Y L I E p 07/17/2024W Item DS1. ����«���nn��� ����������� "'�557�9�� �I�i�������� �����«����� 0���N��������Ilb ��� �! ��Il�n����� T 2024 June Board Meeting -19cn Day Time Meeting/Event 4 8:30-9:30 am WDMA Meeting 5-7 TEDC Mid -Year Conference — Conroe, TX — mg, 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 — mw, wm, rh, mb 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 25 5:30 Dm 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 Dm Bluegrass on Ballard — Historic Downtown Wvlie/Olde Citv Park 2024 July Board Meeting —17tn Day Time Meeting/Event 3 9:45 pm City of Wylie Fourth of July Fireworks; Founders Park .... Cf Slll D .... 4111d Jq,flly IlluimriC.11S ui �i ;iiiJ r IIIJCC 9 6:00 pm City Council/WEDC Budget Work Session 9 2:00 pm Introduction to Government Contracting Webinar 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 Dm 5:01 PM Professional Mixer —Glen Echo Brewing 30 9:00 am Gov -Con 101 Workshop 2024 August Board Meeting — 2V Day Time Meeting/Event 6 8:30-9:30 am WDMA Meeting 13 6:00 Dm City Council 21 7:30 am WEDC- Board Meeting 22 5:30 — 8:00 pm Legislative Dinner (Tentative) 27 11:30 am Wylie Chamber of Commerce- Monthly Luncheon: Non -Profit Spotlight 27 6:00 pm City Council 27 Annual InterFace — DFW and NTX Retail & Industrial Conference 27-28 Team Texas Annual Economic Consultant Summit — Rockwall, TX 29 5:01-7:00 pm 5:01 PM Professional Mixer— Ferah Smokehouse & Cantina 29-30 Retail Live! South Central 2024 — Austin, TX — ig. rh Around the Corner... • Wylie Championship Rodeo — September 6-7 *RSVP Required • TEDC — ED Sales Tax Workshop — DFW — September 13 *RSVP Required • MFG Day Wylie Launch — October 3 • Hope Under the Stars — October 5 *RSVP Required • TEDC Annual Conference — Addison, TX — October 23-25 • Texas Downtown Conference 2024 —Abilene, TX— October 28-30 • TML Economic Development Conference — Bastrop, TX — November 14-15 *RSVP Required 34