01-15-2025 (WEDC) MinutesWylie Economic Development Corporation
a
Board of Directors Regular Meeting
January 15, 2025 — 7-630 A.M.
WEDC Offices — Conference Room
1250 S Hwy 78 — Wylie, TX 75098
CALL TO 01RDER
Announce the presence of a Quorum
Vice President Blake Brinm"stroll called the meeting to order, at 7:32 a.m. Board Members present were
Harold Smith and Melisa Whitehead., Board Member Whitney McDougall arrived during the invocation.
and Pledge of Allegiance at 733 a.m.,
Ex-officio members,, Mayor Matthew Porter and, City Manager Brent Parker were present.
WEDC staff present included Executive Director Jason Grem"ler, Assistant Director Rachael. Hermes,
Research Analyst Marissa Butts, and Office Manager Christy Stewart.
IWOCATION &, PLEDGE OF ALLEGIANCE
Brent Parker gave the 'Invocation and led the Pledge of Allegiance.
COMMENTS ON NO,. E,NDA ITEMS
With no, citizen participation, Vice President BriniEst ool moved. to Consent Agenda.,
CONSENT AGENDA
matters listed under the C. onsient Agenda are conside. red to be routine by the WEDC Board ofDirectors
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 reinovedftom, the Consent Agenda and will be conisidt-),red separately.
A* Consider and act upon approval off". inutes from Dieciembler 18�, 2egular Meeting of the
WEDC Board of'Dhectors.
B. Consider and act upon approval of the December 2024 WEDC Treasurer's Report.
Board Action
A motion was made by Mells. Whitehead., seconded by Whitney McDougall, to approve the
Consent Agenda as presented. A vote was taken, and the motion passed 4-0.
RIEGULARAGENDA
1. Consider and act upon 'issues surrounding the ,Perfoirmante Agreement between the WEDC
and Phoenix Ascending Investments, L,LC.,
Staff Comments
Staff discussed a First Amendment to the Perfon-nance Agreement with Phoenix, extending the
Certificate of Occupancy deadline within the Performance Agreement from 15 months to 18 months.
WEDC — Minutes
January 15�, 2025
Page 2, of 4
Sltaff noted that 'if the C'O could not be obtained due to the delay in the installation of fire lanes at the
5�44 Gateway Project,, this extension would help avoid the need for an amendment at t1le last minute.
Staff stated that this amendment preserves the right to request a 90-day extension, I*f written notice is
provided prior to -the C01 deadline, as per, the original. agreement,.
DISCUSSION ITEMS
Staff requested that the Board move to Discussion Item 2 to allow time f6r the guest i*n-v ited, to speak duri*n�y
0
Di.scussion Item 1, to aff I've.
0
DS2. Staff repoft: WEDC Property Update, Temporary Access Agreements, Downtown ParktI19,
Engineering Report, Upcoming Events, and WED,C Acti"W"es/Programs.
1*, 0 "It be addressed
Vice President Brininstool. moved to convene into Executive Session. Discussion Item 1 wt
after reconvening into Open Session.
EXECUTIVE SESSION
Recessed into Closed Session at'7:59 a.m. in compliance with Section 55 1.00 1, let. seiq. Texas Government
Codei, to
ES1. Consider the siale or acquisition of properties located at Brilown/Eubanks, FM 544/Cooper,
FM 544/Sandien, JacksoOla,k, Regency/Stele], State Hwy 718/11rilown, and State Hwy
78/Sl"ew.i
11111111 UM
WEDC — Minutes
January 15, 201251
Page 3 of I
Sec, 5151,0187, DELIBERATION RWARDING ECONOMIC DEVELOPMENT NEGOTIATIONS;
CLOSED MEETING.
oil 11 1 1 1
Wil
RECONVENE INTO OPEN SESSION'
Take any action as a result of the Executive, Session.
4
"Vice President Brint'nstool reconvened, -into Ope n Sessi'on at 8'A0 a.m and moved on to"Dikicussion Item. 1.
EXECUTIVE SESSION
Recessed 'Into Closed Sessi*on at 9.02 am. in compliance with Siectl'on 5 5 1.00 1, let., seq. Texas Government
Code, to wit:
ES1. Consider the sale or acqui'sl"tion of properties loicated at Brown/Eubanks, FM 5441/Cooper,
I
FM 544/Su1den, III Regency/Siteel, State Hwy 78i,fBrown, and State Hwy
78/Skyvl'iew,
1%
See. 5511.087. DELIBERATION IRE,GARDP(G ECONON111C DEVELOPMENT NEGOTIATIONS,
CLOSED MEET]UTG.
WED,C — Minutes
January 15, 2025
Page 4 oif 4
"RECONVENE INTO OPEN SESSION
Take any action cis a result of t1w, Executive Session.
'Vice President Briniiistooll reconvened into Open Session at 19: 1.9 a.m.
FUTURE AGENDIA. ITE,MS,
Staff noted that a quorum will already be present on Ftiday, January 2411 for a Staflimg & Compensation
Committee Meeting and gauged Board avalflabi'lity to attend a WEDC Special Called Meeting at 8
ting. Staff w*1 B prior to the Committee mc,c I i I contact the oard to confin-n attendanceiat the'WEDC BoarIA
Special Called Meetm*g, on Friday, Januaty 201,
ADJOURNMENT
With tio ffirther business,
Vice President Br'n*nstoot adjourned the',,,.) YFJXIaard,, eting at 9:20 a.m.
M� R511111-11111111, ,I
Ift"', ". .. . .. .... . . .
Nil,
4110111K . .. . .. . .. . .. .
I
d T P