10-16-2024 (WEDC) Agenda PacketWylie Economic Development Corporation
Board Regular Meeting and Annual Meeting
October 16, 2024 — 7:30 AM
WEDC Office Conference Room - 250 South Highway 78, Wylie, Texas
75098
CALL TO ORDER
INVOCATION & PLEDGE OF ALLEGIANCE
WYLIEEDC
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 September 18, 2024 Regular Meeting of the WEDC
Board of Directors.
B. Consider and act upon approval of the September 2024 WEDC Treasurer's Report.
REGULAR AGENDA
1. Consider and act upon issues surrounding the Election of Officers for the WEDC Board of Directors for
2024-2025.
2. Consider and act upon the establishment of a Regular Meeting Date and Time for the WEDC Board of
Directors for 2024-2025.
DISCUSSION ITEMS
DS1. 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.
age 11
1
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.
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: 2021-4b, 2022-lb, 2022-1c, 2022-10c, 2023-1c,
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, 2024-9e, 2024-9f, 2024-1Oa, 2024-1Ob, and 2024-1 Oc.
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 October 11, 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.
2
§ 551.073 — Discussing prospective gift or donation to the City.
§ 551.074 — Discussing personnel or to hear complaints against personnel.
§ 551.076 — Discussing deployment of security personnel or devices or security audit.
§ 551.087 — Discussing certain economic development matters.
3
1011612024 Item A.
Minutes
Wylie Economic Development Corporation
Board of Directors Regular Meeting
September 18, 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 Vice
President Demond Dawkins, Whitney McDougall, Blake Brininstool and Harold Smith.
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
Demond Dawkins 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 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.
Board Action
A motion was made by Demond Dawkins, seconded by Blake Brininstool, to approve the Consent
Agenda as presented. A vote was taken, and the motion passed 5-0.
President Whitehead then moved on to Discussion Items.
DISCUSSION ITEMS
DS1. Discussion regarding future WEDC Board Retreats/Work Sessions.
Staff Comments
0
1011612024 Item A.
WEDC — Minutes
September 18, 2024
Page 2 of 3
A future WEDC Board Retreat/Work Session was discussed by the Board. Multiple dates were
considered with consideration of either one large group or several smaller groups for participation.
The Board agreed to a future Work Session with the full WEDC Board on 9-30-24.
DS2. Discussion surrounding WEDC Credit Cards.
Staff Comments
Staff led a discussion to follow up on alternative options for corporate credit cards which would
allow the opportunity to accrue points for future travel discounts. The Board agreed to allow the
Executive Director to move forward with a new corporate credit card, with no need to bring the item
back for further discussion.
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 9.87% increase in sales tax revenues for the month of September. Mayor Porter and
Staff provided an overview of future downtown parking, traffic flow, and associated redevelopment
opportunities.
EXECUTIVE SESSION
Recessed into Closed Session at 8:03 a.m. in compliance with Section 551.001, et. seq. Texas Government
Code, to wit:
Sec. 551.072. DELIBERATION REGARDING REAL PROPERTY; CLOSED MEETING.
ESl. Consider the sale or acquisition of properties located at 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: 2021-4b, 2022-lb,
2022-1c, 2022-10c, 2023-1c, 2023-2d, 2023-11a, 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 of the Executive Session.
President Whitehead reconvened into Open Session at 9:10 a.m. and the Board took the following actions:
5]
1011612024 Item A.
WEDC — Minutes
September 18, 2024
Page 3 of 3
Board Action
A motion was made by Whitney McDougall, seconded by Harold Smith, to authorize the WEDC
to enter into a Performance Agreement with Project 2024-7a in an amount not to exceed $40,000.
A vote was taken, and the motion passed 5-0.
Board Action
A motion was made by Demond Dawkins, seconded by Blake Brininstool to enter into a
Performance Agreement with Project 2022-1c in an amount not to exceed $1.2MM. A vote was
taken, and the motion passed 5-0.
FUTURE AGENDA ITEMS
There were no future agenda items noted.
ADJOURNMENT
With no further business, President Whitehead adjourned the WEDC Board meeting at 9:11 a.m.
Demond Dawkins, President
ATTEST:
Jason Greiner, Executive Director
6]
1011612024 Item B.
WYLIEEDC
Wylie Economic Development
Meeting Date: October 16, 2024 Item Number:
Prepared By:
Jason Greiner
Consider and act upon approval of the September 2024 WEDC Treasurer's Report.
Motion to approve the September 2024 WEDC Treasurer's Report.
Presented for the Board's review and approval is the September 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 the Performance Agreement Summary. *
REVENUES:
Sales Tax Revenue earned in July allocated in September, was $408,571.56, an increase of 9.87% over the same period in
2023.
EXPENSES:
Incentives
$45,000.00 Cates Control Systems — Incentive 1 of I
Special Services — Real Estate
$15,000.00 Intercon Demolition Company — 104 S Ballard Demolition
$35,000.00 Intercon Demolition Company — 100 W Oak Demolition
Special Services — Infrastructure
$336,491.38 Tiseo Paving Company — FM 544 Gateway — Est #3
$381,262.50 Reeder Concrete, Inc. Hwy 78 & Brown — Pay #3
$183,447.00 Reeder Concrete, Inc. — Hwy 78 & Brown — Pay #4
Engineering/Architectural
$14,490.00 Kimley-Horn & Associates, Inc. (General Engineering)
* Please note that this is a "preliminary" report for the month of September since we are in the process of making accruals
and year-end adjustments, as is the case every year for the September report.
Page 1 of 1
1 1011612024 Item
September Rev/Exp Report
WYLIEECONOMIC
DEVELOPMENT
Account Summary
For Fiscal: 2023-2024
Period
Ending: 09/30/2024
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
11.1-4000-40210
SALES TAX
4,536,561.00
4,536,561.00
408,571,56
4,025,868.31
-510,692.69
11.26%
Category: 400 - Taxes Total:
4,536,561.00
4,536,561.00
408,571.56
4,025,868.31
-510,692.69
11.26%
Category: 460 - Interest Income
11.1 4000.46110
ALLOCATED INTEREST EARNINGS
112,000,00
112,000.00
41,611.58
526,632.97
414,632.97
470.21%
Category: 460 - Interest Income Total:
112,000.00
112,000.00
41,611.58
526,632.97
414,632.97
370.21%
Category: 480 - Miscellaneous
Income
111 4000-48110
RENTAL INCOME
48,600.00
48,600.00
400.00
31,180.65
-17,419.35
35.84%
111-4000-48410
MISCELLANEOUS INCOME
0.00
1,250.00
6.44
1,953.52
703.52
156.28%
111 -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
406.44
-190,250.19
-2,896,070.19
107.03%
Revenue Total:
7,353,131.00
7,354,381.00
450,589.58
4,362,251.09
-2,992,129.91
40.69%
Expense
Category: 510 - Personnel
Services
111-5611151110
SALARIES
440,500,00
460,570.00
37,041.29
402,406.84
58,163.16
12.63%
111-5611-51110
OVERTIME
0.00
0.00
0.00
871.40
-871.40
0.00 %
111-5611-51140,
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
3,943.98
3,943.98
0.00
0.00%
111-56115131.0
TMRS
68,500.00
72,222.32
6,105,19
59,380.31
12,842.01
17,78 %
111-5611151410
HOSPITAL& LIFE INSURANCE
81,000.00
81,169.00
5,968.78
61,872.33
19,296.67
23.77%
111-5611 51420
LONG-TERM DISABILITY
1,600.00
1,714.00
143.27
681.68
1,032.32
60.23 %
111-5611-51440
FICA
27,000.00
28,489.53
2,420.36
23,538.32
4,951.21
17.38 %
1-1-1. -5-6-1-1-5-1-4-5 0,
MEDICARE
6,400.00
6,748,19
566.05
5,504.94
1,243.25
18.42 %
111-5611-51470
WORKERS COMP PREMIUM
2,100.00
2,100.00
0.00
1,137.35
962.65
45.84%
111-5611-51480
UNEMPLOYMENT COMP (TWC)
1,600.00
1,600.00
48.26
720.73
879.27
54.95%
Category: 510 - Personnel Services Total:
629,900.00
659,757.02
56,237.18
561,149.88
98,607.14
14.95%
Category: 520 - Supplies
111-5611-520 10
OFFICE SUPPLIES
5,000.00
5,000.00
350.89
4,020.77
979.23
19.58%
111-5611-52040
POSTAGE & FREIGHT
300.00
300.00
0.00
194.70
105.30
35,10%
111-5611-5281.0
FOOD SUPPLIES
3,000.00
3,800.00
395.81
3,282.18
517.82
13.63 %
Category: 520 - Supplies Total:
8,300.00
9,100.00
746.70
7,497.65
1,602.35
17.61%
Category: 540 - Materials
for Maintenance
111-5611-54 61.0
FURNITURE & FIXTURES
2,500.00
1,700.00
0.00
325.80
1,374.20
80.84%
111-5611-54810
COMPUTER HARD/SOFTWARE
7,650.00
7,650.00
1,702,25
5,302.22
2,347.78
30.69%
Category:
540 - Materials for Maintenance Total:
10,150.00
9,350.00
1,702.25
5,628.02
3721.98
39.81%
Category: 560 - Contractual Services
111-5611-56030
INCENTIVES
1,929,250.00
1,929,250.00
45,000.00
1,156,000.00
773,250.00
40.08%
111-2611-56040
SPECIALSERVICES
37,270.00
37,270.00
252.50
26,022.50
11,247.50
30.18%
11115611-56041
SPECIAL SERVICES -REAL ESTATE
234,500,00
292,956.40
60,303.32
287,146.19
5,810.21
1.98%
111-5611 56042
SPECIAL SERVICES-INFRASTRUCTUR
10,324,000.00
10,265,543.60
963,946.38
1,588,972.45
8,676,571,15
84,52%
111-5611-56080
ADVERTISING
226,125.00
186,125.00
6,479,96
119,101.74
67,023.26
36.01%
111-5611-56090
COMMUNITY DEVELOPMENT
64,950.00
66,200.00
6,157,41
52,482.72
13,717.28
20.72%
111 -_5 6-1-1-5-6-1-1. 0
COMMUNICATIONS
7,900.00
7,900.00
544.55
5,412.07
2,487.93
31.49%
111 --5-6 _11- -5 6 1-8-0,
RENTAL
27,000.00
27,000,00
2,250.00
24,750.00
2,250.00
833 %
1 -1-1 - -_5 -6 -11 -_5 -6 210
TRAVEL & TRAINING
73,000.00
73,000.00
7,263.52
64,998.02
8,001.98
10.96%
111-5611-56250
DUES & SUBSCRIPTIONS
60,733.00
70,733.00
7,161,01
67,936.29
2,796.71
3.95 %
111-5611-5631.0
INSURANCE
6,800,00
6,800.00
0.00
5,653.11
1,146.89
16.87%
111-5611-5651.0
AUDIT & LEGAL SERVICES
23,000.00
53,000.00
0.00
35,295.33
17,704.67
33.41%
10/8/2024 3:5357 PM Page 1. of 4
1011612024
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 56 70 ENGINEERING/ARCHITECTURAL
530,175.00
530,175.00
23,780.26
450,022.46
80,152.54
15.12 %
1,11,__56_11-566-1.1 UTILITIES -ELECTRIC
2,400.00
2,400.00
502.35
2254.90
145.10
6.05 %
Category: 560 - Contractual Services Total:
13,547,103.00
13,548,353.00
1,123,641.66
3,886,047.78
9,662,305.22
71.32%
Category: 570 - Debt Service & Capital Replacement
1.11 __611.574.10 PRINCIPAL PAYMENT
600,096.00
600,096.00
50,954.28
600,095.69
0.31
0.00 %
1,11,__5611__5741.5 INTEREST EXPENSE
631,902.00
631,902.00
51,712.19
631,901.95
0.05
0.00 %
Category: 570 - Debt Service & Capital Replacement Total:
1,231,998.00
1,231,998.00
102,666.47
1,231,997.64
0.36
0.00%
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,_ 61158995 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
1,284,994.26
5,692,320.97
10,766,237.05
65.41%
Fund: 111- WYLIE ECONOMIC DEVEL CORP Surplus (Deficit):
-9,074,320.00
-9,104,177.02
-834,404.68
-1,330,069.88
7,774,107.14
85.39%
Report Surplus (Deficit):
-9,074,320.00
-9,104,177.02
-834,404.68
-1,330,069.88
7,774,107.14
85.39%
10/8/2024 3 `35 57 PM I'age ?_of 4
Budget Report
Original Current
Category Total Budget Total Budget
Fund: 111- WYLIE ECONOMIC DEVEL CORP
Revenue
1011612024 Item B.
For Fiscal: 2023-2024 Period Ending:
Group Summary
Variance
Period Fiscal Favorable Percent
Activity Activity (Unfavorable) Remaining
400 - Taxes
4,536,561.00
4,536,561.00
408,571.56
4,025,868.31
-510,692.69
11.26%
460 - Interest Income
112,000.00
112,000.00
41,611.58
526,632.97
414,632.97
370.21%
480 - Miscellaneous Income
2,704,570.00
2,705,820.00
406.44
-190,250.19
-2,896,070.19
107.03%
Revenue Total:
7,353,131.00
7,354,381.00
450,589.58
4,362,251.09
-2,992,129.91
40.69%
Expense
510 - Personnel Services
629,900.00
659,757.02
56,237.18
561,149.88
98,607.14
14.95%
520 - Supplies
8,300.00
9,100.00
746.70
7,497.65
1,602.35
17.61%
540 - Materials for Maintenance
10,150.00
9,350.00
1,702.25
5,628.02
3,721.98
39.81%
560 - Contractual Services
13,547,103.00
13,548,353.00
1,123,641.66
3,886,047.78
9,662,305.22
71.32%
570 - Debt Service & Capital Replacement
1,231,998.00
1,231,998.00
102,666.47
1,231,997.64
0.36
0.00%
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
1,284,994.26
5,692,320.97
10,766,237.05
65.41%
Fund: 111- WYLIE ECONOMIC DEVEL CORP Surplus (Deficit):
-9,074,320.00
-9,104,177.02
-834,404.68
-1,330,069.88
7,774,107.14
85.39%
Report Surplus (Deficit):
-9,074,320.00
-9,104,177.02
-834,404.68
-1,330,069.88
7,774,107.14
85.39%
1.0f8/2024 33 `35 57 PM
Page :3 of 0
10
Budget Report
1011612024 Item B.
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 DEVEI CC-9,074,320.00
-9,104,177.02
-834,404.68
-1,330,069.88
7,774,107.14
Report Surplus (Deficit):-9,074,320.00
-9,104,177.02
-834,404.68
-1,330,069.88
7,774,107.14
1.0f8/2024 33 `35 57 PM
Page 4 of 4
1,_1
1011612024 Item B.
Wylie Economic Development Corporation
Statement of Net Position
As of September 30, 2024
Assets
Cash and cash equivalents
Receivables
Inventories
Prepaid Items
Total Assets
Deferred Outflows of Resources
Pensions
Total deferred outflows of resources
Liabilities
Accounts Payable and other current liabilities
Unearned Revenue
Non current liabilities:
Due within one year
Due in more than one year
Total Liabilities
Deferred Inflows of Resources
Pensions
Total deferred inflows of resources
Net Position
Net investment in capital assets
Unrestricted
Total Net Position
$ 13,408,668.84
$ 717,000.00 Note 1
$ 14,645,353.88
$ 28,771,022.72
$ 114,336.55
$ 114,336.55
$ 696,811.56
$ 1,200.00 Note 2
$ 61,115.31 Note 3
$ 15,136,816.48
$ 15,895,943.35
$ (8,336.41)
$ (8,336.41)
$ 12,981,079.51
$ 12,981,079.51
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
WYLIEECONOMIC
DEVELOPMENT
Account
Name
Fund: 111- WYLIE ECONOMIC DEVEL CORP
Assets
Balance
1011612024 Item B.
Balance Sheet
Account Summary
As Of 09/30/2024
11_uS7 R 1C13 LQ
CLAIM ON CASH AND CASH EOUIV,
13,406,668.84
111-1000.101.1.5
CASH - W E DC - I N W OO D
0.00
111-1000 1tf135
ESCROW
0.00
111 100f l 1_01.80
DEPOSITS
2,000.00
11 110M 10198
OTHER - MISC CLEARING
0.00
111 1000-1.0341
TEXPOOL
0.00
1.11-1000-1043
LOGIC
0.00
111 1000 104,81.
INTEREST RECEIVABLE
0.00
11( 100Q1 11511
ACCTS REC - MISC
0.00
111 1000-11517
ACCTS REC -SALES TAX
0.00
1J 1-100C1-13810
LEASE PAYMENTS RECEIVABLE
0.00
111 1000-12950
LOAN PROCEEDS RECEIVABLE
0.00
1_11-100 13996
LOAN RECEIVABLE
0.00
111 1000-12997
ACCTS REC - JTM TECH
0.00
151 1000-12998
ACCTS REC - FORGIVEABLE LOANS
717,000.00
1.11 1000-14112
INVENTORY - MATERIAL/ SUPPLY
0.00
'11.'1_1QQQ_1411ti1
INVENTORY"'- LAND & BUILDINGS
14,645,353.88
1.11 1000.14113
INVENTORY - BAYCO/ SANDEN BLVD
0.00
"L1 L 1000-14310
PREPAID EXPENSES - MISC
0.00
111 1000-1441.0
DEFERRED OUTFLOWS
1,110,500.00
Total Assets:
29,881,522.72 29,881,522.72
Liability
111-2000-20110
FEDERAL INCOME TAX PAYABLE
72.84
111 2000-201.11.
MEDICARE PAYABLE
28.44
111.-2000 ?0112
CHILD SUPPORT PAYABLE
0.00
111-2000 2t0113
CREDIT UNION PAYABLE
0.00
111-2000 20114
IRS LEVY PAYABLE
0.00
111 2000 2011.5
NATIONWIDE DEFERRED COMP
0.00
111 2000-2 116
HEALTH 1NSUR PAY -EMPLOYEE
5,636.20
111 2000-20111-
TMRS PAYABLE
8,862.37
111-2000-20118
ROTH IRA PAYABLE
0.00
1.11 2000-20119
WORKERS COMP PAYABLE
0.00
112-2 000-20120
FICA PAYABLE
121.62
111 2000-201.21
TEC PAYABLE
0.00
11-2000 20122
STUDENT LOAN LEVY PAYABLE
0.00
111 2000-20123
ALIMONY PAYABLE
0.00
111-2000-20124
BANKRUPTCY PAYABLE
0.00
111. 2000 2012'1
VALIC DEFERRED COMP
0.00
11.1 2000-20126
ICMA PAYABLE
0.00
111 2000 20127
EMP. LEGAL SERVICES PAYABLE
0.00
111 2000-2 130
FLEXIBLE SPENDING ACCOUNT i
10,162.26
111 2040-101.31
EDWARD JONES DEFERRED COMP
0.00
i 1 2000-20132
EMP CARE FLITE
12.00
7,11 2000-20133
Unemployment Comp Payable
130.71
111-2000 20151
ACCRUED WAGES PAYABLE
0.00
111 2000-2t0 L80
ADDIT EMPLOYEE INSUR PAY
92.32
111-2000-20199
MISC PAYROLL PAYABLE
0.00
111 20 0-20201
AP PENDING
565,297.89
111 0t10 20210
ACCOUNTS PAYABLE
0.00
111 2000- 0530
PROPERTY TAXES PAYABLE
0.00
1 1 2000 20540
NOTES PAYABLE
1,110,500.00
1.11 2000-20310
RETAINAGE PAYABLE
106,394.91
10/8/2024 :3.42 °:f 0 PM Page 1. of 3
13
Balance Sheet
1011612024 Item B.
As
Account Name Balance
i 11-2000-20810 DUE TO GENERAL FUND 0.00
111 2000-22270 DEFERRED INFLOW 0.00
111.-2000-2228.0
1. i1.-2000-22915
Equity
111-3000-3/ 110
111-300034590
Total Revenue
Total Expense
Revenues Over/Under Expenses
DEFERRED INFLOW - LEASE INT 0.00
Total Liability: 1,808,511.56
FUND BALANCE-UNRESERV/UNDESIG 29,403,081.04
Total Beginning Equity: 29,403,081.04
4,362,251.09
5,692,320.97
-1,330,069.88
Total Equity and Current Surplus (Deficit): 28,073,011.16
Total Liabilities, Equity and Current Surplus (Deficit): 29,881,522.72
10/3/2024 :3:42 � _t.fi € M
Page 2 of 3
F14]
Balance Sheet
1011612024 Item B.
As
Account Name Balance
Fund: 922 - GEN LONG TERM DEBT (WEDC)
Assets
Liability
Total Assets: 0.00 0.00
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
10/8/2024 :3:42 °:f 0 PM Page 3 of 3
F15]
1 1011612024 Item B.
Wylie Economic Development Corporation
SALES TAX REPORT
September 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
$ 374,68638
$
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
$ 265,77180
$ 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
333%
SEPTEMBER
$
307,681.15
$ 337,512.61
$ 371,880.65
$ 408,571.56
$
36,690.91
9.87%
OCTOBER
$
326,382.38
$ 346,23636
$ 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
$ 4,025,868.31
$
250,234.26
9.66%
Total $ 3,875,470.98 $ 4,161,281.96 $ 4,611,795.64 $ 4,025,868.31 $ 250,234.26 9.66%
WEDC Sales Tax Analysis
$700,000
$600,000
$500,000
$400,000
$300,000
$200,000
$100,000
$0
N
Sales Tax collections typically take 2 months to be reflected as Revenue. SIsTx receipts are then accrued back 2 months.
Example: September SIsTx Revenue is actually July S1sTx and is therefore the 10th allocation in FY24.
N
Sales Tax collections typically take 2 months to be reflected as Revenue. SIsTx receipts are then accrued back 2 months.
Example: September SIsTx Revenue is actually July S1sTx and is therefore the 10th allocation in FY24.
1011612024 Item B.
Wylie Economic Development Corporation
PERFORMANCE AGREEMENT REPORT
September 30, 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 II
$
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
$
$
$
$
9,25000
$ 46, 500.00
$ 65, 000. 00
GLEN ECHO BREWING
$
100,000.00
$ 50,000.00
$ 30,000.00
$
20,000.00 $
$
$
50,00000
$ -
$ 100,000.00
B
MLKJ
$
80,000.00
$ -
$ 40,000.00
$
40,000.00 $
$
$
80,00000
$
$ 80,000.00
C
CLF II 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
$ 100.000,00
$
$
$
$
$
$ 200,000.00
$ 300,000.00
PHOENIX ASCENDING
$
-
$ -
$
$
$
$
$
$ -
$ -
D
SANDEN INTERNATIONAL
$
500,000.00
$ 300,000.00
$ 200,000.00
$
$
$
$
200.00000
$
$ 500,000.00
CATES CONTROL SYSTEMS INC.
$
45,000.00
$ 45,000.00
$ -
$
$
$
$
-
$
$ 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
Deferred Outflow $ 1,110,500,00
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.
17
1011612024 Item 1.
WYLIEEDC Wylie Economic Development
Board
AGENDA REPORT
Meeting Date: October 16, 2024 Item Number: 1
Prepared By: Jason Greiner (Staff Use Only)
Consider and act upon issues surrounding the Election of Officers for the WEDC Board of Directors for 2024-2025.
Staff recommends that the WEDC Board of Directors elect officers for the upcoming year.
Section 5.02 of the WEDC Bylaws state:
"The Vice President shall be elected by the Board and shall serve a term of one (1) year. On the expiration of the term
of office of the Vice President, the Vice President shall succeed to the office of President, the then -current President shall
cease to be President but shall continue as a member of the Board, and the Board shall elect a new Vice President from
among its Members to hold such office. The term of office of the President and Vice President shall always be for a period
Of one year; provided, however, that the President and Vice President continue to serve until the election of the new Vice
President.
The Secretary and Treasurer shall be selected by the members of the Board and shall hold off ce for a period of one (1)
year; provided, however, that they shall continue to serve until the election of their successors. Elections shall be held in
October at a regular or special meeting of the Board. "
As such, on an annual basis and following the selection of WEDC Board Members by the Wylie City Council, the
WEDC elects officers for the upcoming year. Provided for your review is ARTICLE V.• OFFICERS of the WEDC
Bylaws which provide for the selection of officers and the duties of the same.
The 2023-2024 WEDC Board Officers were:
Melisa Whitehead .........
Demond Dawkins .........
Whitney McDougall......
Blake Brininstool ..........
Harold Smith .................
Attachment:
WEDC Bylaws, Article V
.................................................................................. President
..........................................................................Vice President
.................................................................................. Secretary
.................................................................................. Treasurer
.........................................................................Board Member
Page 1 of
n
1011612024 Item 1.
The duly appointed members of the Board shall serve without compensation but shall be
reimbursed for actual or commensurate cost of travel, lodging and incidental expense while on official
business of the Board in accordance with State law.
4.11 Voting;; Action of the Board of Directors
Directors must be present in order to vote at any meeting. Unless otherwise provided in these
Bylaws or in the Articles of Incorporation or as required by law, the act of a simple majority present shall
be the act of the Board of Directors. In the event that a Director is aware of a conflict of interest or
potential conflict of interest, with regard to any particular vote, the Director shall bring the same to the
attention of the meeting and shall abstain from the vote, unless the Board determines that no conflict of
interest exists. Any Director may bring to the attention of the meeting any apparent conflict of interest or
potential conflict of interest of any other Director, in which case the Board shall determine whether a true
conflict of interest exists before any vote shall be taken regarding that particular matter. The Director as to
whom a question of interest has been raised shall refrain from voting with regard to the determination as
to whether a true conflict exists.
4.12 Board's Relationship with City Council
In accordance with State law, the City Council shall require that the Wylie Economic
Development Corporation be responsible to it for the proper discharge of its duties assigned in this article.
The Board shall determine its policies and direction within the limitations of the duties herein imposed by
applicable laws, the Articles of Incorporation, these Bylaws, contracts entered into with the City, and
budget and fiduciary responsibilities.
4.13 Board's Relationship with Administrative Departments of the City
Any request for services made to the administrative departments of the City shall be made by the
Board of its designee in writing to the City Manager. The City Manager may approve such request for
assistance from the Board when he/she fords such requested services are available within the
administrative departments of the City and that the Board has agreed to reimburse the administrative
department's budget for the costs of such services so provided.
4.14 Board Handbook
The Board has established a Board Member Handbook setting forth additional expectations and
requirements applicable to members of the Board. All Board members shall be given a copy of the Board
Member Handbook and shall familiarize themselves with its contents. The Board Member Handbook
may be modified by the Board from time to time.
5.01 Officers of the Comoration
The elected officers of the Corporation shall be a President, Vice President, Secretary, and Treasurer. The
Board may resolve to elect one or more Assistant Secretaries or one or more Assistant Treasurers as it
may consider desirable. Such officers shall have the authority and perform the duties of the office as the
Board may from time to time prescribe or as the Secretary or Treasurer may from time -to -time delegate to
his/her respective Assistant. Any two (2) or more offices may be held by the same person, except the
offices of President and Secretary.
19 1
1011612024 Item 1.
5.02 Selection of Officers
The Vice President shall be elected by the Board and shall serve a term of one (1) year. On the
expiration of the term of office of the Vice President, the Vice President shall succeed to the office of
President, the then -current President shall cease to be President but shall continue as a member of the
Board, and the Board shall elect a new Vice President from among its Members to hold such office. The
term of office of the President and Vice President shall always be for a period of one year; provided,
however, that the President and Vice President continue to serve until the election of the new Vice
President.
The Secretary and Treasurer shall be selected by the members of the Board and shall hold office for a
period of one (1) year; provided, however, that they shall continue to serve until the election of their
successors. Elections shall be held in October at a regular or special meeting of the Board.
Any officer meeting the qualifications of these Bylaws may be elected to succeed himself/herself or to
assume any other office of the Corporation.
5.03 Vacancies
Vacancies in any office which occur by reason of death, resignation, disqualification, removal, or
otherwise, shall be filled by the Board of Directors for the unexpired portion of the term of that office in
the same manner as other officers are elected to office.
5.04 President
The President shall be the presiding officer of the Board with the following authority:
a. Shall preside over all meetings of the Board.
b. Shall have the right to vote on all matters coming before the Board.
c. Shall have the authority, upon notice to the members of the Board, to call a special
meeting of the Board when in his/her judgment such meeting is required.
d. Shall have the authority to appoint standing committees to aid and assist the Board in its
business undertakings of other matters incidental to the operation and functions of the
Board.
e. Shall have the authority to appoint ad hoc committees which may address issues of a
temporary nature or concern or which have a temporary effect on the business of the
Board.
2. In addition to the above mentioned duties, the President shall sign with the Secretary of
the Board any deed, mortgage, bonds, contracts, or other instruments which the Board of Directors has
approved and unless the execution of said document has been expressly delegated to some other officer or
agent of the Corporation, including the Director of Economic Development, by appropriate Board
resolution, by a specific provision of these Bylaws, or by statute. In general, the President shall perform
all duties incident to the office, and such other duties as shall be prescribed from time to time by the
Board of Directors.
1011612024 Item 1.
5.05 Vice President
In the absence of the President, or in the event of his/her inability to act, the Vice President shall
perform the duties of the President. When so acting, the Vice President shall have all power of and be
subject to all the same restrictions as upon the President. The Vice President shall also perform other
duties as from time to time may be assigned to him/her by the President.
5.06 Secretary
The Secretary shall keep or cause to be kept, at the registered office a record of the minutes of all
meetings of the Board and of any committees of the Board. The Secretary shall also file a copy of said
Minutes with the City and the same to be given, in accordance with the provisions of these Bylaws, or as
required by the Open Meetings Act or the Open Records Act or other applicable law. The Secretary shall
be custodian of the corporate records and seal of the Corporation, and shall keep a register of the mailing
address and street address, if different, of each director.
5.07 Treasurer
The Treasurer shall be bonded for the faithful discharge of his/her duties with such surety or
sureties and in such sum as the Board of Directors shall determine by Board resolution, but in no event
shall the amount of such bond be less than an amount equal to the average of the sums which the
Treasurer has access to and the ability to convert during a twelve (12) month period of time. The
Treasurer shall have charge and custody of and be responsible for all funds and securities of the
Corporation. The Treasurer shall receive and give receipt for money due and payable to the Corporation
from any source whatsoever, and shall deposit all such moneys in the name of the Corporation in such
bank, trust corporation, and/or other depositories as shall be specified in accordance with Article VII of
these Bylaws. The treasurer shall, in general, perform all the duties incident to that office, and such other
duties as from time to time assigned to him/her by the President of the Board.
5.08 Assistant Secretaries and Assistant Treasurers
The Assistant Secretaries and Assistant Treasurers, if any, shall in general, perform such duties as
may be assigned to them by the Secretary or the Treasurer, or by the President of the Board of Directors.
5.09 Director of Economic Development
The Corporation may employ a Director of Economic Development. The Director of Economic
Development shall serve as the Chief Executive Officer of the Corporation and shall oversee all
administrative functions of the Corporation. The Director shall develop policies and procedures for the
Corporation including financial, accounting, and purchasing policies and procedures to be approved by
the Board and City Council. The Director of Economic Development is hereby authorized to make
purchases and/or expenditures not exceeding $25,000.00 without obtaining any approval or consent.
5.10 Other Employees
The Corporation may employ such full or part-time employees as needed to carry out the
programs of the Corporation.
5.11 Contracts for Services
The Corporation may contract with any qualified and appropriate person, association, corporation
1011612024 Item 1.
or governmental entity to perform and discharge designated tasks which will aid or assist the Board in the
performance of its duties. However, no such contract shall ever be approved or entered into which seeks
or attempts to divest the Board of Directors of its discretion and policy -making functions in discharging
the duties herein above set forth in this section.
ARTICLE VI
COMMITTEES
6.01 Qualifications for Committee Membership
Members of committees shall be appointed by the President and approved by the Board.
Committee members need not be members of the Wylie Economic Development Corporation unless
required by these Bylaws or Board resolution.
6.02 Standing; Committees
The President shall have authority to appoint the following standing committees of the Board and
such other committees as the Board may deem appropriate in the future:
Budget, Finance and Audit Committee: This committee shall have the responsibility of working
with the Director, or the contractual entity performing as Director as the case may be, in the formation
and promotion of the annual budget of the Board. The Committee shall present such budget to the Board
and, upon approval, shall present, in accordance with these Bylaws, said budget to the City Council. In
addition to the preparation of the budget, the committee shall keep the Board advised in such matters. The
Committee shall further have the responsibility to oversee and work with auditors of the City or outside
auditors when audits of the Board are being performed.
Committee for Business Retention and Expansion: This committee shall work with the Director
of Economic Development and shall keep the Board informed of all development and activities
concerning business retention and expansion.
Committee for New Business Attraction and Recruitment: This committee shall work with the
Director of Economic Development and shall keep the Board informed of all developments and activities
concerning business attraction and recruitment.
6.03 Special Committees
The President may determine from time to time that other committees are necessary or
appropriate to assist the Board of Directors, and shall designate, subject to Board approval, the members
of the respective committees.
No such committee shall have independent authority to act for or instead of the Board of
Directors with regard to the following matters: amending, altering, or repealing the Bylaws; electing,
appointing, or removing any member of any such committee or any Director or Officer of the
Corporation; amending the Articles of Incorporation; adopting a plan of merger or adopting a plan of
consolidation with another corporation; authorizing the sale, lease, exchange, or mortgage of all or
substantially all of the property and assets of the Corporation; authorizing the voluntary dissolution of the
Corporation or revoking the proceedings thereof, adopting a plan for the distribution of the assets of the
Corporation; or amending, altering, or repealing any resolution of the Board of Directors which by its
terms provides that it shall not be amended, altered, or repealed by such committee.
1011612024 Item 2.
WYLIEEDC Wylie Economic Development
Board
AGENDA REPORT
Meeting Date: October 16, 2024 Item Number: 2
Prepared By: Jason Greiner (Staff Use Only)
Consider and act upon the establishment of a Regular Meeting Date and Time for the WEDC Board of Directors for
2024-2025.
Staff recommends that the WEDC President establish a regular meeting date and time for 2024-2025.
Section 4.07 of the WEDC Bylaws state:
"The President of the Board shall set regular meeting dates and times at the beginning of his/her term. "
WEDC Board Meetings are currently formally set for the third Wednesday of each month at 7:30 a.m. With officers
elected via the previous Action Item, the WEDC President is required to establish the Regular Meeting date/time.
Attached for our review is WEDC Bylaws, Section 4.07.
Should the Board continue to meet on the third Wednesday of each month, the regular meetings will take place on the
following dates in the 2025 calendar year:
January 15, 2025
February 19, 2025
*March 19, 2025
April 16, 2025
*May 21, 2025
June 18, 2025
July 16, 2025
August 20, 2025
September 17, 2025
October 15, 2025
November 19, 2025
December 17, 2025
(WISD Spring Break March 17-21)
(ICSC Las Vegas .May 18-20)
*Potential known conflicts have been highlighted for review by the Board. Once meeting dates have been established for
the calendar year, staff will provide calendar appointments to the Board accordingly.
Attachment:
WEDC Bylaws, Section 4.07
Page 1 of
n
1011612024 Item 2.
funds left unexpended and any commitment made on said unexpended funds.
4.05 Implied Duties
The Wylie Economic Development Corporation is authorized to do that which the Board deems
desirable to accomplish any of the purposes or duties set out or alluded to in Section 4.04 of these Bylaws
and in accordance with State law.
4.06 Tenure
Directors will be elected to serve terms of three (3) years, and Directors may serve for an
unlimited number of consecutive terms.
4,07 MeetingsR�Lic�L Conduct
The Board shall attempt to meet at least once each month within the city of Wylie, at a place and
time to be determined by the President. All meetings of the Board shall provide notice thereof as provided
and as required by the Open Meetings Act. Any member of the Board may request that an item be placed
on the agenda by delivering the same in writing to the secretary of the Board prior to the posting of the
notice required by the Open Meetings Act. The President of the Board shall set regular meeting dates and
times at the beginning of his/her term. Special Meetings may be called by any member of the Board in
accordance with the provisions of the Open Meetings Act.
The notice shall contain information regarding the particular time, date, and location of the
meeting and the agenda to be considered. All meetings shall be conducted in accordance with the Open
Meetings Act.
The annual meeting of the Board of Directors shall be held in October of each year. The Board
may retain the services of a recording secretary if required.
4.08 Attendance; Vacancy
Regular attendance of the Board meetings is required of all Members. The following number of absences
may require replacement of a member: three (3) consecutive absences, or attendance reflecting absences
constituting 25% of the Board's regular meetings over a 12-month period. In the event that the Board
elects to replace the member violating the attendance requirements, the member will be notified by the
President and, subsequently, the President shall submit in writing to the City Secretary the need to replace
the Board member in question. Any vacancy on the Board shall be filled by appointment by the City
Council of a new member or members meeting the qualifications set out in Section 4.02 above. When a
person is appointed to fill a vacancy on the Board of Directors to finish out the remainder of a former
Director's term, the term served by the appointee shall not count as a full term by such appointee for
purposes of the term limits set forth in Section 4.06 above.
4.09 Quorum
A majority of the entire membership of the Board of Directors shall constitute a quorum and shall
be required to convene a meeting. If there is an insufficient number of Directors present to convene the
meeting, the presiding officer shall adjourn the meeting.
4.10 Compensation
F24]
1011612024 It DS1.
WYLIEEDC Wylie Economic Development
Board
AGENDA REPORT
Meeting Date: October 16, 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
• Grass has been established at 104 S Ballard and 1.00 W Oak.
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 have received a second payment.
Staff have been in communication with mowing services regarding 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 City of Wylie closed on the purchase of UPRR ROW.
• 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 is scheduled to take place 10-17-24.
• A replat has been prepared to show final easements and is being coordinated with the City.
• Ongoing issue with Frontier regarding a duct bank that conflicts with the construction plans. Due to the conflict,
Tiseo has submitted a request to freeze time on this project until the duct bank can be relocated.
• TxDOT permit was approved for Frontier/duct bank work and Frontier ROW permit was approved from City
Page 1 of 5
1011612024 It DS1.
• Roque to submit revised change order for sanitary sewer revisions.
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.
State Hwy 78 TxDOT Improvements
• Project is currently under construction with KH providing construction management as needed.
• RFI #2 was recently approved by the City.
Design & Engineering - Cooper Plaza - State Hwy 78 & Brown
• The City is reviewing 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 10-10-24.
• McMahon to submit RFIs for changes to storm manhole sizing and bollard clarification.
Flood Study & Drainage Study- Hooper/Steel/Regency Business Park (KH)
• Existing storm sewer analysis is nearly complete. KH to schedule meeting with EDC to review
findings/recommendations.
• 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.
Jackson Avenue Development
• KH is coordinating with the City and design team for the Downtown infrastructure/wayfmding 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.
1011612024 It DS1.
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 that needed some revision.
Awaiting final updated documents from Atmos.
BRE & Workforce Updates:
• Conducted I BRE visit in September.
• Finalized MFG Day tour participation with Wylie ISD and 16 local employers for student engagement tours and
2 Community Tour events.
• Assisted Regional BRE representatives in developing local MFG Day student programs.
• Scheduled educational webinar program for the Utility Tax Rebate and OSHA audit support 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, 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.
• Preparation for the CCIM/Best of Texas Bus Tour.
• Presented to ICAN and provided tour of community to participants. Deanan Gourmet Popcorn and Glen Echo
Brewing participated as tour stops.
• Participated in City of Wylie in-service days.
• Participated in the Leadership Wylie Opening Retreat. (MW, MB)
• Attended 2024 Annual State of Education Chamber Luncheon.
• Facilitated and attended MFG Day Reception & Proclamation.
• Facilitated and attended Legislative Dinner.
• Attended ED Sales Tax Workshop — DFW. (HS)
• Participated in WEDC Board Retreat/Work Session.
• Sales tax revenues for October are up 6.54%. YTD sales tax revenues are up 9.38%.
Upcoming Events:
• Workforce & Manufacturing Chamber Luncheon — October 22
• TEDC Annual Conference — October 23-25
• 2024 Texas Downtown Conference — October 28-30
• 30`I' Annual North Texas CCIM Sporting Clays Tournament —November 6
• Leadership Wylie — WEDC Driving Tour / Business Tour — November 21
Please see the attached Marketing Calendar for the full list of upcoming events.
1011612024 It DS1.
111-0 1 D IN
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1011612024 It DS1.
as DiscoverWylie
Report Time Period: 1.0/1./2023 - 9/30/2024
• Continued posting to TikTok
• Continued posting original reels.
• Shared local historical photos and facts.
• Shared relevant User Generated Content to stories (for example, resharing reels or
posts created by locals who tagged the as DiscoverWylie account)
• Engaged audience with local businesses through "Wylie Grinch" program
• Created Discover Wylie Gift Guide to encourage locals to shop Wylie -made products
and services for the holidays
• Continue regular posting schedule for Instagram, Facebook, and TikTok
• Continue sharing local history and interesting Wylie facts on all social media
channels
• Increase blog content
• Grow influencer program through scheduled events and influencer visits
• Promote Discover Wylie brand to larger audience (surrounding counties)
• Discover Wylie rebrand and website redesign.
1 1011612024 Item DS1.
INSTAGRAM REPORT
aDiscoverWylie
Report Time Period: 10/l/2023 - 9/30/2024
FOLLOWERS
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1011612024 It DS1.
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1 1011612024 Item DS1. I
1011612024 Item DS1.
EXECUTED:
WEE Expo Promotion
WEE Video Interviews
Bluegrass Photo Coverage
WEDC Social Media Takeover
DSPT New Single Video Format Success
Legislative Update Coverage
Discover Wylie Ad Campaigns
Continued Drone Work For Projects
LIVE LOVE WYLIE New Podcast Format & Production
Rodeo Coverage
Manufacturing Day Tour Promotion
Social Media Rescue Fall 2024
Holiday Promotion Grinch Rollout
Holiday Event Coverage
Sip & Shop Coverage
Discover Wylie Gift Guide Promotion
1011612024 Item DS1.
"011, "IjIg
EDC Social Media Compare
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• Social media best practices
• Tracking stats and anaLytics to
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• How to interact with local
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F41]
WYLIEDEVELOPMENTECONOMIC
Day
Time
Meeting/Event
CLOSED
Labor Day
4
ICAN Presentation- WEDC
9
CEDA Committee Meeting — Austin, TX - ig
19
Leadership Wylie Opening Retreat- mw, mb
24
11:30-1:00
pm 2024 Annual State of Education Chamber Luncheon
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
Day
1
2-4
Time
8:30 am
Meeting/Event
WDMA Meeting
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 — mw, mb
14-18
WISD Fall Break
16
7:30 am
WEDC- Board Meeting
17
5:01-7:00 am
5:01 PM Professional Mixer— Landon Winery
22 11:30 am Workforce & Manufacturing Chamber Luncheon —The Cross Church
22 6:00 pm City Council
23-25 TEDC Annual Conference — Addison, TX — ig, rh, mb, cs
28-30 2024 Texas Downtown Conference —Abilene, TX
Day Time Meeting/Event
5 8:30 am WDMA Meeting
6 301" Annual North Texas CCIM SDorting Clays Tournament
1011612024 It DS1.
CLOSED11 .e etan D- ity_jqi 2y
12 6:00 pm City Council - Nat'l App Wk, Nat'l Entr Day, Sm Business Sat Recognition
13 8:30 am Collin Leadership Policy Summit, Collin College Frisco - aw *RSVP Required
14-15 TML Economic Development Conference — Bastrop, TX *RSVP Required
17-23 National Apprenticeship Week
19 National Entrepreneur Day
19 8:30 am Wvlie Chamber Breakfast featuring Wvlie Communitv Christian Care Center
20 7:30 am WEDC- Board Meetin
20 9:30 am Wylie ISD Business Symposium, Collin College Wylie
21 Leadership Wvlie — WEDC Driving Tour / Business Tour
W
Small Business Saturd
m28-29_ CLOSED Thank ivin IJ I� .y
Around the Corner...
• TEDC Sales Tax Workshop — Virtual — December 2-13
• TEDC Board Retreat — Pottsboro — December 5-6
• Wylie Chamber Elfin Gala & Awards Banquet — December 6
• ICSC Red River Conference — Dallas —January 29-31
*RSVP Required
*RSVP Required
*RSVP Required
F42]