09-18-2024 (WEDC) Agenda Packet Wylie Economic Development Corporation WYLIEEDC
Board Regular Meeting
September 18, 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 August 21, 2024 Regular Meeting of the WEDC Board
of Directors.
B. Consider and act upon approval of the August 2024 WEDC Treasurer's Report.
REGULAR AGENDA
DISCUSSION ITEMS
DS1. Discussion regarding future WEDC Board Retreats/Work Sessions.
DS2. Discussion surrounding WEDC Credit Cards.
DS3. 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.
ESI. 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.
1
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: 2021-4b, 2022-lb, 2022-1c, 2022-10c, 2023-Ic,
2023-2d, 2023-1la, 2023-1lb, 2024-2d, 2024-4e, 2024-5a, 2024-7a, 2024-7b, 2024-7e, 2024-8a, 2024-8b,
2024-8c,2024-8d, 2024-9b,2024-9c, 2024-9d, and 2024-9e.
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 September 13,2024 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 972.51.6.6020.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.
§ 551.074—Discussing personnel or to hear complaints against personnel.
§ 551.076—Discussing deployment of security personnel or devices or security audit.
§ 551.087—Discussing certain economic development matters.
2
0911812024 Item A.
Minutes
Wylie Economic Development Corporation
Board of Directors Regular Meeting
August 21, 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 Whitney
McDougall and Harold Smith.Vice President Demond Dawkins arrived during the Invocation&Pledge of
Allegiance at 7:33 a.m.
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, Office Manager Christy Stewart and
Marketing& Communications Coordinator Will Kelly.
INVOCATION& PLEDGE OF ALLEGIANCE
Brent Parker 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 fi°om the Consent Agenda and will be considered separately.
A. Consider and act upon approval of Minutes from July 17, 2024 Regular Meeting of the
WEDC Board of Directors.
B. Consider and act upon approval of the July 2024 WEDC Treasurer's Report.
Board Action
A motion was made by Whitney McDougall, seconded by Harold Smith, to approve the Consent
Agenda as presented. A vote was taken, and the motion passed 4-0.
REGULAR AGENDA
1. Consider and act upon a Fifth Amendment to the Purchase and Sale Agreement between the
WEDC and McClure Partners Construction Company.
Staff Comments
0911812024 Item A.
WEDC—Minutes
August 21, 2024
Page 2 of 3
Staff presented a Fifth Amendment to the Purchase and Sale Agreement with McClure Partners
Construction Company extending the Inspection Period deadline by 90 days. This extension is being
requested to accommodate a closing date in December. Staff anticipates this will be the final
amendment.
Board Action
A motion was made by Demond Dawkins, seconded by Whitney McDougall, to approve a Fifth
Amendment to the Purchase and Sale Agreement between the WEDC and McClure Partners
Construction Company and further authorize the Board President or his/her designee to execute said
agreement. A vote was taken, and the motion passed 4-0.
DISCUSSION ITEMS
DS1. Discussion regarding future WEDC Board Retreats/Work Sessions.
Staff Comments
A future WEDC Board Retreat/Work Session was discussed by the Board and multiple dates were
considered. The Board expressed interest in a future Work Session which may include a community
tour, downtown tour, and/or redevelopment/development tours. A tentative date was set for 9-23-24
or 9-30-24.
DS2. Discussion surrounding WEDC Credit Cards.
Staff Comments
Staff led a discussion regarding alternative options for corporate credit cards which would allow the
opportunity to accrue points for future travel discounts.The Board noted the cost saving opportunities
when accruing points and had no preferences regarding alternative options.
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 Updates, Temporary Access Agreements, Downtown Parking, Engineering Report,
Upcoming Events, and WEDC Activities/Programs. Staff provided updates on the status of ongoing
construction sites. Staff then confirmed Board availability to attend upcoming community events.
Staff noted a 3.3% increase in sales tax revenues for the month of August. Mayor Porter and Staff
provided an overview of future downtown parking, traffic flow, and associated redevelopment
opportunities. The Board discussed the upcoming November/December Board Meeting dates and
decided that no changes were needed to the schedule.
EXECUTIVE SESSION
Recessed into Closed Session at 8:27 a.m. in compliance with Section 551.001, et. seq. Texas Government
Code,to wit:
Sec. 551.072. DELIBERATION REGARDING REAL PROPERTY; CLOSED MEETING.
0911812024 Item A.
WEDC—Minutes
August 21, 2024
Page 3 of 3
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 78Brown.
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,2024-
5a,2024-5c,2024-6c,2024-7a,2024-7b,2024-7d, 2024-7e, and 2024-7f.
RECONVENE INTO OPEN SESSION
Take any action as a result of the Executive Session.
President Whitehead reconvened into Open Session at 9:55 a.m. and the Board took the following action:
Board Action
A motion was made by Demond Dawkins, seconded by Harold Smith, to authorize the sale of a
two-acre tract of land,more or less,being all of Lot 1 and the southernmost portion of Lot 3,Block
A, 544 Gateway Addition, in the amount of $ 1,500,000 further authorizing the WEDC Board
President or his/her designee to execute all documentation necessary to effectuate the transaction.
A vote was taken, and the motion passed 4-0.
FUTURE AGENDA ITEMS
There were no future agenda items noted.
ADJOURNMENT
With no further business,President Whitehead adjourned the WEDC Board meeting at 9:56 a.m.
Melisa Whitehead,President
ATTEST:
Jason Greiner,Executive Director
0911812024 IWYLIEEDC tem B.
Wylie Economic Development
Board
AGENDA REPORT
Meeting Date: September 18,2024 Item Number: B
Prepared By: Jason Greiner
Consider and act upon approval of the August 2024 WEDC Treasurer's Report.
Recommendation
Motion to approve the August 2024 WEDC Treasurer's Report.
Presented for the Board's review and approval is the August 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 June allocated in August, was $463,1.85.29, an increase of 3.33% over the same period in
2023.
EXPENSES:
Special Services—Infrastructure
$273,693.07 Tiseo Paving Company—FM 544 Gateway Proj. (Proj. I IF)—Est#2
$ 91,769.35 Reeder Concrete,Inc. —Hwy 78 &Brown(Proj. I IG)—Pay#2
Engineering/Architectural
$ 11,599.13 Kimley-Horn&Associates,Inc. (General Engineering)
Additional Note:
Deferred Outflows on the Balance Sheet do not currently reflect the Deferred Outflows on the Performance Agreement
Report due to the timing of the journal entry for the Cates Control Systems PA in the amount of$45,000. Reporting next
month will reflect the update within both documents.
Page I of 1
ECONOMIC 1 0911812024 Item B.
WYLIEDEVELOPMENT August Rev/Exp Report
Account Summary
For Fiscal: 2023-2024 Period Ending: 08/31/2024
Variance
Original Current Period Fiscal Favorable Percent
Total Budget Total Budget Activity Activity (Unfavorable) Remaining
Fund:111-WYLIE ECONOMIC DEVEL CORP
Revenue
Category:400-Taxes
111 4000-40)10 SALES TAX 4,536,561.00 4,536,561.00 463,185.29 3,617,296.75 -919,264.25 20.26%
..............Category:400-Taxes Total: 4,536,561.00 4,536,561.00 463,185.29 3,617,296.75 -919,264.25 20.26%
Category:460-Interest Income
111-4000-46110 ALLOCATED INTEREST EARNINGS 112,000.00 112,000.00 45,327.89 485,021.39 373,021.39 433.05%
Category:460-Interest Income Total: 112,000.00 112,000.00 45,327.89 485,021.39 373,021.39 333.05%
Category:480-Miscellaneous Income
Ill 4000-48110 RENTAL INCOME 48,600.00 48,600.00 400.00 30,780.65 -17,819.35 36.67%
111-4000-48410 MISCELLANEOUS INCOME 0.00 1,250.00 0.00 1,947.08 697.08 155.77%
Ill-4000-48430 GAIN/(LOSS)SALE OF CAP ASSETS 2,655,970.00 2,655,970.00 0.00 -223,384.36 -2,879,354.36 108.41%
...........
...........Category:480-Miscellaneous Income Total: 2,704,570.00 2,705,820.00 400.00 -190,656.63 -2,896,476.63 107.05%
Revenue Total: 7,353,131.00 7,354,381.00 508,913.18 3,911,661.51 -3,442,719.49 46.81%
Expense
Category:510-Personnel Services
111-5611-51.1,10 SALARIES 440,500.00 460,570.00 37,003.78 365,365.55 95,204.45 20.67%
Ill-5611 51130 OVERTIME 0.00 0.00 0.00 871.40 -871.40 0.00%
11.1-5611-51,140 LONGEVITY PAY 1,200.00 1,200.00 0.00 1,092.00 108.00 9.00%
111-5611-51145 SICK LEAVE BUYBACK 0.00 3,943.98 0.00 0.00 3,943.98 100.00%
111-561.1 51310 TMRS 68,500.00 72,222.32 5,375.22 53,275.12 18,947.20 26.23%
111-561.1 51410 HOSPITAL&LIFE INSURANCE 81,000.00 81,169.00 5,786.26 55,903.55 25,265.45 31.13%
111-5611-51,420 LONG-TERM DISABILITY 1,600.00 1,714.00 0.00 538.41 1,175.59 68.59%
Ill-5611-51440 FICA 27,000.00 28,489.53 2,126.03 21,117.96 7,371.57 25.87%
111-561.1-51,450 MEDICARE 6,400.00 6,748.19 497.21 4,938.89 1,809.30 26.81%
111-5611 51,470 WORKERS COMP PREMIUM 2,100.00 2,100.00 0.00 1,137.35 962.65 45.84%
111-561.1.-51480 UNEMPLOYMENT COMP(TWC) 1,600.00 1,600.00 55.00 672.47 927.53 57.97%
........................ ..............Category:510-Personnel Services Total: 629,900.00 659,757.02 50,843.50 504,912.70 154,844.32 23.47%
Category:520-Supplies
111-5611-52010 OFFICE SUPPLIES 5,000.00 5,000.00 131.71 3,669.88 1,330.12 26.60%
11-1-5611 52040 POSTAGE&FREIGHT 300.00 300.00 0.00 194.70 105.30 35.10%
111,-5611-52810 FOOD SUPPLIES 3,000.00 3,000.00 261.98 2,886.37 113.63 3.79%
................. ..............
Category:520-Supplies Total: 8,300.00 8,300.00 393.69 6,750.95 1,549.05 18.66%
Category:540-Materials for Maintenance
111-5611-5461.0 FURNITURE&FIXTURES 2,500.00 2,S00.00 0.00 325.80 2,174.20 86.97%
11.1-5611 548.10 COMPUTER HARD/SOFTWARE 7,650.00 7,650.00 1,299.99 3,599.97 4,050.03 52.94%
............Category:540-Materials for Maintenance Total: 10,150.00 10,150.00 1,299.99 3,925.77 6,224.23 61.32%
Category:560-Contractual Services
11.1-5611-56030 INCENTIVES 1,929,250.00 1,929,250.00 0.00 1,111,000.00 818,250.00 42.41%
111-5611 56040 SPECIAL SERVICES 37,270.00 37,270.00 157.50 25,770.00 11,500.00 30.86%
11.1-5611 56041 SPECIAL SERVICES-REAL ESTATE 234,500.00 292,956.40 3,543.93 226,842.87 66,113.53 22.57%
111-5611 56042 SPECIAL SERVICES-INFRASTRUCTUR 10,324,000.00 10,265,543.60 365,462.42 610,621.17 9,654,922.43 94.05%
111-5611-56080 ADVERTISING 226,125.00 186,125.00 13,989.87 112,621.78 73,503.22 39.49%
11.1-5611.56090 COMMUNITY DEVELOPMENT 64,950.00 66,200.00 5,317.84 46,325.31 19,874.69 30.02%
111-5611 56110 COMMUNICATIONS 7,900.00 7,900.00 497.18 4,867.52 3,032.48 38.39%
Ill-5611-56180 RENTAL 27,000.00 27,000.00 2,250.00 22,500.00 4,500.00 16.67%
111-5611 56210 TRAVEL&TRAINING 73,000.00 73,000.00 4,222.21 57,734.50 15,265.50 20.91%
111-5611-56250 DUES&SUBSCRIPTIONS 60,733.00 70,733.00 1,531.09 60,775.28 9,957.72 14.08%
111-5611 56310 INSURANCE 6,800.00 6,800.00 0.00 5,653.11 1,146.89 16.87%
Ill-5611 56510 AUDIT&LEGAL SERVICES 23,000.00 53,000.00 4,111.40 35,295.33 17,704.67 33.41%
9/13/2024 8:25. 07 AM Page I of 4
7]
0911812024 Item B.
Budget Report For Fiscal:2023-2024 Period Ending:
Variance
Original Current Period Fiscal Favorable Percent
Total Budget Total Budget Activity Activity (Unfavorable) Remaining
1.11__61.1_56570 ENGINEERING/ARCHITECTURAL 530,175.00 530,175.00 13,462.38 426,242.20 103,932.80 19.60%
1,11,__56_11-566-1.1 UTILITIES-ELECTRIC 2,400.00 2,400.00 0.00 1,752.15 647.85 26.99%
Category:560-Contractual Services Total: 13,547,103.00 13,548,353.00 414,545.82 2,748,001.22 10,800,351.78 79.72%
Category:570-Debt Service&Capital Replacement
1.11__611.574.10 PRINCIPAL PAYMENT 600,096.00 600,096.00 50,780.20 549,141.41 50,954.59 8.49%
1,11,__5611__57411 INTEREST EXPENSE 631,902.00 631,902.00 51,886.27 580,189.76 51,712.24 8.18%
Category:570-Debt Service&Capital Replacement Total: 1,231,998.00 1,231,998.00 102,666.47 1,129,331.17 102,666.83 8.33%
Category:580-Capital Outlay
1.11__5611_581.10 LAND-PURCHASE PRICE 1,000,000.00 1,000,000.00 0.00 7,079.00 992,921.00 99.29%
1,11,_5611._58995 CONTRA CAPITAL OUTLAY 0.00 0.00 0.00 -7,079.00 7,079.00 0.00%
Category:580-Capital Outlay Total: 1,000,000.00 1,000,000.00 0.00 0.00 1,000,000.00 100.00%
Expense Total: 16,427,451.00 16,458,558.02 569,749.47 4,392,921.81 12,065,636.21 73.31%
Fund:111-WYLIE ECONOMIC DEVEL CORP Surplus(Deficit): -9,074,320.00 -9,104,177.02 -60,836.29 -481,260.30 8,622,916.72 94.71%
Report Surplus(Deficit): -9,074,320.00 -9,104,177.02 -60,836.29 -481,260.30 8,622,916.72 94.71%
8
0911812024 Item B.
Budget Report For Fiscal:2023-2024 Period Ending:
013/31/707T-
Group Summary
Variance
Original Current Period Fiscal Favorable Percent
Category Total Budget Total Budget Activity Activity (Unfavorable) Remaining
Fund:111-WYLIE ECONOMIC DEVEL CORP
Revenue
400-Taxes 4,536,561.00 4,536,561.00 463,185.29 3,617,296.75 -919,264.25 20.26%
460-Interest Income 112,000.00 112,000.00 45,327.89 485,021.39 373,021.39 333.05%
480-Miscellaneous Income 2,704,570.00 2,705,820.00 400.00 -190,656.63 -2,896,476.63 107.05%
Revenue Total: 7,353,131.00 7,354,381.00 508,913.18 3,911,661.51 -3,442,719.49 46.81%
Expense
510-Personnel Services 629,900.00 659,757.02 50,843.50 504,912.70 154,844.32 23.47%
520-Supplies 8,300.00 8,300.00 393.69 6,750.95 1,549.05 18.66%
540-Materials for Maintenance 10,150.00 10,150.00 1,299.99 3,925.77 6,224.23 61.32%
560-Contractual Services 13,547,103.00 13,548,353.00 414,545.82 2,748,001.22 10,800,351.78 79.72%
570-Debt Service&Capital Replacement 1,231,998.00 1,231,998.00 102,666.47 1,129,331.17 102,666.83 8.33%
580-Capital Outlay 1,000,000.00 1,000,000.00 0.00 0.00 1,000,000.00 100.00%
Expense Total: 16,427,451.00 16,458,558.02 569,749.47 4,392,921.81 12,065,636.21 73.31%
Fund:111-WYLIE ECONOMIC DEVEL CORP Surplus(Deficit): -9,074,320.00 -9,104,177.02 -60,836.29 -481,260.30 8,622,916.72 94.71%
Report Surplus(Deficit): -9,074,320.00 -9,104,177.02 -60,836.29 -481,260.30 8,622,916.72 94.71%
9/1"3/2024 8:2507 AM Page 3 of 4
0911812024 Item B.
Budget Report For Fiscal:2023-2024 Period Ending:
013/31/707T-
Fund Summary
Variance
Original Current Period Fiscal Favorable
Fund Total Budget Total Budget Activity Activity (Unfavorable)
111-WYLIE ECONOMIC DEVEI CC -9,074,320.00 -9,104,177.02 -60,836.29 -481,260.30 8,622,916.72
Report Surplus(Deficit): -9,074,320.00 -9,104,177.02 -60,836.29 -481,260.30 8,622,916.72
F—1o
0911812024 Item B.
Wylie Economic Development Corporation
Statement of Net Position
As of August 31, 2024
Assets
Cash and cash equivalents $ 13,611,097.97
Receivables $ 717,000.00 Note 1
Inventories $ 14,645,353.88
Prepaid Items $ -
Total Assets $ 28,973,451.85
Deferred Outflows of Resources
Pensions $ 114,336.55
Total deferred outflows of resources $ 114,336.55
Liabilities
Accounts Payable and other current liabilities $ 50,431.11
Unearned Revenue $ 1,200.00 Note 2
Non current liabilities:
Due within one year $ 112,069.59 Note 3
Due in more than one year $ 15,136,816.48
Total Liabilities $ 15,300,517.18
Deferred Inflows of Resources
Pensions $ (8,336.41)
Total deferred inflows of resources $ (8,336.41)
Net Position
Net investment in capital assets $ -
Unrestricted $ 13,778,934.81
Total Net Position $ 13,778,934.81
Note 1: Includes incentives in the form of forgivable loans for$67,000(Glen Echo),
$450,000(Phoenix Ascending), and$200,000(MLKI)
Note 2: Deposits from rental property
Note 3: Liabilities due within one year includes compensated absences of$32,301
F I
0911812024 Item B.
Balance Sheet
WYLIEECONOMIC Account Summary
DEVELOPMEN'r As Of 08/31/2024
Name Balance
Fund:111-WYLIE ECONOMIC DEVEL CORP
Assets
_111i.10Q.101 N CLAIM ON CASH AND CASH EQUIV. 13,609,097.97
111-1000-10115 CASH-WEDC-INWOOD 0.00
ESCROW 0.00
111-1000-10180 DEPOSITS 2,000.00
111-1000-1_0122 OTHER-MISC CLEARING 0100
111-1.000-10341 TEXPOOL 0.00
D-L MKLIM3 43 LOGIC 0.00
.111-1000-10481 INTEREST RECEIVABLE 0.00
ULLM-115ii ACCTS REC-MfSC 0100
111-1000-11517 ACCTS REC-SALES TAX 0.00
1,11--201 0-12810 LEASE PAYMENTS RECEIVABLE 0.00
111-1000-12950 LOAN PROCEEDS RECEIVABLE 0.00
LOAN RECEIVABLE 0.00
111-1000-12997 ACCTS REC-JTM TECH 0.00
111.1000-12998, ACCTS,REC-FORGIVEABLE LOANS 717,000.00
.111-1000-141,12 INVENTORY-MATERIAL/SUPPLY 0.00
Ill 1000-14116 INVENTORY'-LAND&BUILDINGS 14,645,353.88
----------
111-1000-1411.8 INVENTORY-BAYCO/SANDEN BLVD 0.00
111-1000-14310 PREPAID EXPENSES-MISC 0.00
111-1000-14410 DEFERRED OUTFLOWS 1,110,500.00
Total Assets: 30,083,951.85 30,083,951.85
Liability
111-2000-20110 FEDERAL INCOME TAX PAYABLE 0.00
.111-2000-20111 MEDICARE PAYABLE 0.00
111-2000-20112 CHILD SUPPORT PAYABLE 0100
111-2000-2011.3 CREDIT UNION PAYABLE 0.00
111-2000-20114 IRS LEVY PAYABLE 0.00
111-2000-20115 NATIONWIDE DEFERRED COMP 0.00
11.1-2000-20116 HEALTH INSUR PAY-EMPLOYEE 11,644.69
111-2000-2011.7 TMRS PAYABLE 0.00
.1.11-2.000-20118 ROTH IRA PAYABLE 0.00
111-2000-20119 WORKERS COMP PAYABLE 0.00
111-2000-20120 FICA PAYABLE 0.00
111-2000-20121 TEC PAYABLE 0.00
111-2000--20122 STUDENT LOAN LEVY PAYABLE 0.00
111-2000-201.23 ALIMONY PAYABLE 0.00
111 L?DELML 2 4 BANKRUPTCY PAYABLE 0.00
111-2000-20125 VALIC DEFERRED COMP 0.00
Ill-2000-20126 ICMA PAYABLE 0.00
111-2000-201.21 EMP.LEGAL SERVICES PAYABLE 0.00
111 2000-20130 FLEXIBLE SPENDING ACCOUNT 9,312,28
-----------
111-2000-201.31 EDWARD JONES DEFERRED COMP 0.00
-----------------111 2000-201:32 EMP CARE FLITE 1100
111-2000-20133 Unemployment Comp Payable 82.45
111-2000-20151 ACCRUED WAGES PAYABLE 0.00
111-2000-20180 ADDIT EMPLOYEE INSUR PAY 135.18
111-2000-20199 MISC PAYROLL PAYABLE 0.00
-1-11-2000-20201 AP PENDING 0.00
111-2000-20210 ACCOUNTS PAYABLE 0.00
.111-2000-1053.0 PROPERTY TAXES PAYABLE 0.00
111-2000-20540 NOTES PAYABLE 1,110,500.00
1.11-2000-2061,01 RETAINAGE PAYABLE 29,244.51
9/13/2024 8:24 4 AM Page i of 3
[12]
1 0911812024 Item B.
Balance Sheet As Ut UB/31/ZUZ4
Account Name Balance
1,11-2000-20810 DUE TO GENERAL FUND 0.00
-1-11-2 00 0--7 2 2-70 DEFERRED INFLOW 0.00
111-2000-22275 DEF INFLOW-LEASE PRINCIPAL 0100
111-2002-22280 DEFERRED INFLOW-LEASE INT 0.00
111-2000-22915 RENTAL DEPOSITS 1,200.00
Total Liability: 1,162,131.11
Equity
111-3000-34110 FUND BALANCE-RESERVED 0.00
1113000-14590 FUND BALANCE-UNRESERV/UNDESIG 29,403,081.04
..........Total Beginning Equity: 29,403,081.04
Total Revenue 3,911,661.51
Total Expense 4,392,921.81
Revenues Over/Under Expenses -481,260.30
Total Equity and Current Surplus(Deficit): 28,921,820.74
Total Liabilities,Equity and Current Surplus(Deficit): 30,083,951.85
9/13/2024 8:24 4 AM Page 2 of 3
F13]
0911812024 Item B.
Balance Sheet As
Account Name Balance
Fund:922-GEN LONG TERM DEBT(WEDC)
Assets
Total Assets: 0.00 0.00
Liability
92 200 8248 GOUCAP LOAN/SERIES 2022 7,556,077,29
Total Liability: m 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
F14]
0911812024 Item B.
Wylie Economic Development Corporation
SALES TAX REPORT
August 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 $ 377,949.25 $ 47,712.37 14.45%
JULY $ 314,559.10 $ 331,432.86 $ 379,162.00 $ 374,225.20 $ (4,936.80) -1.30%
AUGUST $ 390,790.76 $ 429,696.16 $ 448,253.70 $ 463,185.29 $ 14,931.59 3.33%
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 $ 3,617,296.76 $ 213,543.35 9.64%
Total $ 3,875,470.98 $ 4,161,281.96 $ 4,611,795.64 $ 3,617,296.76 $ 213,543.35 9.64%
WEDC Sales Tay Analysis
$700,000
$600,000
$500,000
$400,000
$300,000 2023
2024
$200,000 _
$100,000 _
$o
�e
* *Sales Tax collections typically take 2 months to be reflected as Revenue. S1sTx receipts are then accrued back 2 months.
Example:August SIsTx Revenue is actually June SlsTx and is therefore the 9th allocation in FY24.
15
1 0911812024 Item B.
Wylie Economic Development Corporation
PERFORMANCE AGREEMENT REPORT
August 31,2024
TOTAL REMAINING PREVIOUS FY TOTAL
INCENTIVE AFTER PAYMENTS INCENTIVE
PERFORMANCE AGREEMENTS FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 CURRENT FY
LLIV-ROS $ 10,000.00 - $ - - $ - $ - $ - 10,000.00 $ m000.00 A
AMERICAN ENTITLEMENTS 11 $ 35,000.00 $ 23,000.00 $ 12,000.00 $ $ $ 12,000�00 $ - $ 35,000.00
NORTH DALLAS WYLIE LAND $ 120,000.00 $ 20,000.00 $ - $ $ $ - $ 100,000.00 $ 120,000.00
AXL $ 65,000.00 $ 9,250,00 $ 9,250.00 $ $ $ 9,250,00 $ 46,500.00 $ 65,000.00
GLEN ECHO BREWING $ 100,000.00 $ 50,000.00 $ 30,000.00 $ 20,000.00 $ $ 50,000.00 $ - $ 100,000.00 B
MLKJ $ 80,000.00 $ - $ 40,000.00 $ 40,000.00 $ $ 80,000.oo $ $ 80,000.00 C
CLF 11 LI WYLIE(LOVETT) $ 1,300,000.00 $ 650,000.00 $ 650,000.00 $ - $ $ 650,000,00 $ $ 1,300,000.00
DEANAN/DANK $ 30,000.00 $ 15,000.00 $ - $ $ $ - $ 15,000,00 $ 30,000.00
FIREWATER $ 300,000.00 $ 10(7000,00 $ $ $ $ $ 200,000.00 $ 300,000.00
PHOENIX ASCENDING $ - $ - $ $ $ $ $ $ - $ - D
SANDEN INTERNATIONAL $ 500,000.00 $ 300,000.00 $ 200,000.00 $ $ $ S 200,000,00 $ $ 500,000.00
CATES CONTROL SYSTEMS INC. $ 45,000.00 $ 46,000,00 $ - $ $ $ $ - $ $ 45,000.00
$ 2,585,000.00 $ 1,212,250.00 $ 941,250.00 $ 60,000.00 $ $ $ 1,001,250.00 $ 371,500.00 $ 2,585,000.00
Detwed Oufflow $ 1,155,500.00
(Note:De Shred Ou(flow on the Balance Sheet does no yet reflect the Cates PA in the arnoure of$45,000,)
A. Performance Agreeement($10,000)and Forgiveable Land Grant($60,000 forgiven over 3 years).$20,000/year in 2022,2023,&2024.
B. Performance Agreeement($100,000)and Forgiveable Land Grant($100,000 forgiven over 3 years).$33,000 CO,$33,000 in 2025,and$34,000 in 2026.
C. Performance Agreeement($80,000)and Forgiveable Land Grant($200,000 forgiven over 3 years).$50,000 CO&$50,000/year in 2025,2026,&2027.
D. Forgiveable Land Grant($450,000 forgiven over 4 years).$112,500 CO&$112,500/year in 2026,2027,&2028,
F16]
0911812024 ItWYLIEEDC DS1.
Wylie Economic Development
Board
AGENDA REPORT
Meeting Date: September 18,2024 Item Number: DS1
Prepared By: Jason Greiner
Discussion regarding future WEDC Board Retreats/Work Sessions.
Recommendation I
FNo action is requested by staff for this item.
Discussion
At the 8-21-24 WEDC Board Meeting,the Board discussed scheduling a Work Session on either September 23, 2024 or
September 30, 2024. The Board discussed their interest in future Work Sessions that may include cominunity tours,
downtown tours, and/or redevelopment/development tours.
Staff will lead the discussion regarding future WEDC Board Retreats/Work Sessions.
Page 1 of
iz
0911812024 ItWYLIEEDC DS2.
Wylie Economic Development
Board
AGENDA REPORT
Meeting Date: September 18,2024 Item Number: DS2
Prepared By: Jason Greiner
Discussion regarding future WEDC Credit Cards.
Recommendation I
FNo action is requested by staff for this item.
Discussion
Staff will lead the discussion regarding WEDC Credit Cards.
Page 1 of
0911812024 ItWYLIEEDC DS3.
Wylie Economic Development
Board
AGENDA REPORT
Meeting Date: September 18,2024 Item Number: DS3
Prepared By: Jason Greiner
Subject
Staff report: WEDC Property Update, Temporary Access Agreements, Downtown Parking, Engineering Report,
Upcoming Events, and WEDC Activities/Programs.
Recommendation
Fo action is requested by staff on this item.
Discussion
WEDC Property Update:
Property Management
• Grading and installation of hydromulch at 104 S Ballard and 100 W Oak have been completed. Irrigation is
ongoing to establish the grass.
• Staff have been in communication with the former tenant of 106 N Birmingham, 605 Commerce/Suite 200, and
908 Kirby regarding payment of past due rent and anticipates an additional payment next month.
• Staff have been in communication with mowing services regarding overgrown lots and ongoing maintenance of
lots.
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 Parking&Drainage:
• The survey documentation that Union Pacific has requested has been provided.
• KH prepared an exhibit that shows potential fence locations along the UPRR ROW.
• KH waiting on the City of Wylie downtown project for the regional drainage solution.
Engineering Report:
Design&Engineering-544 Gateway Addition—Kimley Horn(KH)
• Project is under construction with KH providing construction management as-needed. Ongoing bi-weekly
coordination meetings are being held with the City, contractor, KH and WEDC. Next project coordination
meeting will take place 9-19-24.
• A replat has been prepared to show final easements and is being coordinated with the City.
• Tiseo to submit change order for sanitary sewer revisions.
Pagel of
__i 9_
0911812024 It DS3.
• Ongoing issue with Frontier regarding a duct bank that conflicts with the construction plans. We are currently
waiting for TxDOT permitting and materials from Frontier. Tiseo has made every effort to complete the work
but will now have to demobilize until the conflict has been resolved.
• Due to the conflict, Tiseo has submitted a request to freeze time on this project until the duct bank can be
relocated. Staff/KH will review the request and will get confirmation from Tiseo regarding the timing of the
remobilization, etc.
Design&Engineering-FM 544 Commercial—Special Planning Area
• 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 have received the final letter from TCEQ verifying that they have received the required proof of filing of the
VCP Certificate of Completion.With this letter,we have fully satisfied the TCEQ requirements for this property.
State Hwy 78 TxDOT Improvements
• Project is currently under construction with KH providing construction management as needed.
• The contractor poured two decel lanes on August 27'Marble Street decel lanes and approach was poured on
September 10"'. The two medians should be completed by September 25`l'. (Message boards and text message
updates via Nixle were implemented for the closing of Marble.)
Design&Engineering-Cooper Plaza- State Hwy 78 &Brown
• The City is reviewing first round of submittals.
• Project is under construction with KH providing construction management as-needed. Ongoing bi-weekly
coordination meetings are being held with the City, contractor, KH and WEDC. Next project coordination
meeting will take place 9-19-24.
• McMahon to submit RFIs for changes to storm manhole sizing and bollard clarification.
Flood Study&Drainage Study-Hooper/Steel/Regency Business Park(KH)
• Drainage study with final recommendations for Option 6 improvements was received from KH.
• 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.
• KH to submit concept plan for max buildable acreage on SWC of Hooper and Steel Road this week.
Hooper/Steel ROW Dedication.
• KH provided 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]
0911812024 It DS3.
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 the 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
• Ongoing work on the abandonment of the former easements is still taking place. Staff met with the property
owner, engineering team, and Atmos to discuss next steps for abandonment.
• Survey documents were sent to Atmos and we have received a preliminary document. Will need to schedule a
follow-up meeting for additional clarity.
BRE &Workforce Updates:
• Conducted 1 BRE visit in July.
• Worked with TMAC and regional partners to develop an educational webinar program for the Utility Tax
Rebate and OSHA audit support program.
• Coordinated with the Chamber and WSNCT on a regional workforce conference on October 3rd.
• Met with Regional BRE representatives to adopt best practices and develop regional collaboration.
• Confirmed MFG Day participation from 14 local employers for student engagement tours.
• Confirmed 4 Community Tours for MFG Day.
Additional WEDC Activities/Programs in Review:
• BRE Director Angel Wygant celebrated 10 years with Wylie EDC. Congratulations to Angel!
• Ongoing efforts toward social media, Discover Wylie, and Social Media Rescue for local businesses.
• Ongoing meetings and discussions with real estate developers, contractors,property owners, and legal continue.
• Performed additional reconfiguration of the website, data management and organization, media archives, and
development of marketing materials.
• Worked with legal regarding ongoing real estate projects and performance agreements.
• Scheduled and attended ICAN EDC Day programming. This included a presentation,bus tour, and facility tours
at Deanan Gourmet Popcorn and Glen.Echo Brewing.
• Attended Team Texas Economic Summit—Rockwall,TX.
• Attended Retail Live—Austin, TX.
• Attended Retail and Industrial Interface DFW North Texas Conferences—Dallas, TX.
• Attended CEDA—Austin, TX.
• Sales tax revenues for September are up 9.87%. YTD sales tax revenues are up 9.66%.
Upcoming Events:
• 2024 Annual State of Education Chamber Luncheon September 24
• Wylie City Council/MFG Day Reception&Proclamation—September 24
• Legislative Dinner September 26
• TEDC ED Sales Tax Workshop—DFW—September 27 (Ft Worth)
• MFG Day Kickoff Event—October 3
• TEDC Annual Conference—October 23-24
Please see the attached Marketing Calendar for the full list of upcoming events.
21]
WYLIEECONOMIC 1 09/98/2024 It DS3.
DEVELOPMENT
2024 August Board Meeting-215
Day Time Meeting/Event
6 8:30-9:30 am WDMA Meeting
21 7:30 am WEDC-Board Meeting
27 Annual InterFace—DFW and NTX Retail & Industrial Conference—mb cs
27 11:30 am Wylie Chamber of Commerce-Monthly Luncheon: Non-Profit Spotlight
27-28 Team Texas Annual Economic Consultant Summit—Rockwall,TX—ig, rh
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
2024 September Board Meeting-18tn
Day Time Meeting/Event
2 CLOSED Labor Day
._._._______a_. _as
4 ICAN Presentation-WEDC
6-7 Wylie Championship Rodeo
9 CEDA Committee Meeting—Austin,TX-ig
10 8:30-9:30 am WDMA Meeting
10 6:00 pm City Council
15-18 IEDC 2024 Annual Conference—Denver, CO
18 7:30 am WEDC- Board Meeting
19 Leadership Wylie Opening Retreat-mb
19 TDA Regional Roundtable—Burleson, TX
19 5:01-7:00 pm 5:01 PM Professional Mixer—Football Field Sports Bar&Grill
24 11:30-1:00 pm 2024 Annual State of Education Chamber Luncheon *RSVP Required
24 5:30 pm MFG Day Reception/Proclamation at City Council Meeting
26 5:30—8:00 pm Legislative Dinner
27 8:00 am TEDC-Sales Tax Workshop, Ft Worth,TX-hs
2024 October Board Meeting
Day Time Meeting/Event
1 8:30 am WDMA Meeting
1 5:30-8:00 pm National Night Out
2-4 TEDC CTED Training at TEEX—College Station-ig
3-4 CCIM Bus Tour Across Texas/Wylie
3 9:45 am Manufacturing Day Kick Off
5 5:45 pm Hope Under the Stars
8 6:00 pm City Council
10 Leadership Wylie Class- mb
14-18 WISD Fall Break
16 7:30 am WEDC- Board Meeting
17 5:01-7:00 pm 5:01 PM Professional Mixer—Location TBD
22 11:30 am Wylie Chamber of Commerce Luncheon TBD
22 6:00 pm City Council
23-2S TEDC Annual Conference—Addison,TX—ig, rh, mb,cs
28-30 2024 Texas Downtown Conference—Abilene, TX
Around the Corner...
• TML Economic Development Conference—Bastrop, TX—November 14-15 *RSVP Required
• Wylie ISD Business Symposium—November 20
F22]