01-24-2025 (WEDC) Minutes Special CalledW fie Economic
iIment Corpoirat'
.
Y i I iRoar,d of Directars Special Called Meeting
January
Offices,WEDC i
CALL TO ORDER.
Announce the presence of a Quor,uni
Vice President Blake Brin.instool called the meeting to, order at 8 : 10 a.m. Board Members present, were
WhitneyMcDougall, Herold Sig it , and Mell'sa Whitehead.
WEDC sty.ff pr ent included Executive Director Jason Greiner, Assistant Director Rachae. Hennes,
Research nast Marissa Butts, and Oiffice Manager Christy Stewart.
INV,01CATIONPLEDGE OF ALLEGIANCE
ac a l Hennes gave the invocation and led the Pledge of Allegiance,.
COMMENTS,NN AG.EN ITEMS
With no citizen part16pation., Vice President BrIninstool moved to the Consent Age
CONSENTA
A 11inatt env listedrider the Consent Agenda are considered to be rotitine by the WEDC Board of.Direcitors
and willbe enacted y one, motion. There will not be a separate discussion of these iteins.. d sicu,�sn i
desired, that item will be remo-vedftom the Consent Agenda and will be considered separately.
With no Consent Agenda items, Vice President Brininstool moved to Executive Session.
EXECUTIVE SESSION
Recessed into Closed ssio : at 8.-12 a.m., in compliance with Section 55 1.00 t, et. seat. Texas Govertunent.
Code,to wit:
Sec. 5511.0171. '" ��' T�1 CUBE MEETING,.
See, . �7 ., DELIBERATION REGARDING REAL PROPERTY; .LOSE U. .
ES14 eider the sale or acquisition of properties looted at Brown/Eubanks, FM 544/+ pe
FM /Sunda Jackson/Oak, Regency/Steel, State Hwy 78 o n and State
78/Skyview.
551.087. DELIBERATION REGARDING ECONOMIC DEVELOPMENT O NS
CLOSED MEETING.
Deliberation re ardr gi commercial or financial *information that the WEDC has received
from l amass prospect and to discuss the offer of incentives for Projects: -
'WEDC — Minutes
January 2,4, 2025
Page
2,012,4i-7a, 2024-7b, 20214-7e,10'.24-8a, 2024-8b,, 2024-8c, 20214-8d, 20,24-9b, 2,024-I9c, 2024-9d,
201241-91e, 21024I-i9f,, 20,24-101a, 20,214-10b, 20241-10c, 2024-14a, 2024-11b, 2024-11c, 2024-11d,
I
2024-11e, 2024-12-a, 202141-12b, 2024-1-2e, 2025-1a, 2025-1b, 2025-leg
RECONVENE INT01 OPUTI SESSIOF4
Take any, action as ai result. of the Executive, Sessition.
is President Brininstool reconvened m Open Session, at 8 -.3 8 a.m. and then moved, to Regular Agenda
Items 4.
REGuLAR AGENDA
4.1 Consider Possible action rIeglarding reconsideration of the First Amendment to, Performance
Agreement between WED,C and MIX J Investments, LLC.
Board Comments
EXEC]LTTrT'E SESS111G]"I
)VEDIC - Minuteis,
January 2,4, 2025
Page 3 of 5
Recessed mto Closed Session at 91':23 a.m. in compliance wi'tb Section 55 1.00 1 , et. seiq. Texas Government
Code,, to wit:
01 11111 IiIIII
11 jpq , M III Iyff !1111`11i
FS16 Considier the sale or acquisition of properfies, located, at Brown/Fubanks, FM 544/Cooper,
FM 5144/San.den, Jackson/Oak, Regency/Steel, State Hwy 78/111rown, and State 11wy
78/Sikyvl'ew.,
Sec. 551,1087. DELIBERATION REGAIRWNG ECONO,NHC DEVELOPMENT NEGOTIATIONS*
CLOSED MEETING.
T*
ES2. Deliberation regaraingi commercial or financial information that the WEDC has received
from a bsi*ness prospect and to discuss the offer, of incentives for Projects: 2021-4b, 2021-6c,
2022-1b, 2022-1c, 2023-1c, 20�23-2d, 20231-11a, 20123-11biq 20214-2d, 2024-4e, 2024-5a, 2024-5f,
21024-7'a, 20241-7b, 2024-7e, 2024-8a, 2024-8b, 20214-8c-8d, 2024-9b, 2024-9c, 2024-9dq
2024-, 2024-9f, 2024-110a, 20241-10b, 20241-1101c, 2024-11a, 2024-11b, 2024-11c, 2024-11d,
2024-11e, 20,24-12-a, 2024-12b, 20124-12c, 2025-1a, 20251-1b, 21025-1c.
RECONVENE INTO OPEN SESSION'
Take any, action its a result (?f the, Executive Session,.
jr-N 41 0
Vice President Brininstool reconvened into Olpen Sesslon at 19:48 a.m. and moved to Regular Agenda Item
4 and Regular Agenda Item 5.
REGULAR AGENDIA,
41.1 Consider possible action regarding reconsideration of the First Amendment to Performance
Agreement ble,tween WEDC and AMKJ Investments, LLC,.
B I
'oard Action
The Bloard to no, action on this itej
5.1 Consider possialb, I I ! e action regarding the re-purichase option described in the Real Estate Sales
Contract dated September 21,2022, as amended, between WEDIC and AILKJ Investments, LLC.
WED;C - Minutes
January 24, 2025
Page 4: of 5
NMI AIL L11 I I II Jul
EXECUTIVE K.SS'110N - - - - --------------- - . .......... - - ---- -- ------
Recessedinto Closed. Sessionat 101:07 a.m. incomplianciewith Section 551.001, et., selq. Texas Government
Code, to wit'.
ESL Consider the sale, or acquisition of'propierfles. located at Brown/Eubanks, FM 5441/Coloper,
FM 5414/Sanden, Jacksoin/Oak, Regenicy/Stelell, State Hwy 78/13rown, and State Hwy
78/Skyview.
Qsec. 551.0187'. DELIBERATION REGAIRDING ECONOMIC DEVELOPMENT NIEGOTIATIONS,
CLOSED MEE, FTING.
0,
ES12. Deliberation regarding commer6al or financial information that the WEDC has received
from a busi*ness prospect and to discuss the offer of 1'ncenflvas , for Projects.: 2021-4b, 2021-6c,
2022-1,b2022-1c, 2023-1c, 2023-12d, 2023-11a, 2023-1 1b, 2024-2d, 20241-4e, 2024-5a, 2024-5f,
2024-7a,. 2024-7b, 2,0124-7e, 2024-8a, 2024-8b, 2024-8c, 210214-8d, 20241-9b, 2:024-91c, 2024-9d,
2024-9e, 2024-9f, 2024-10,a, 20214-10b, 2024-10c, 2024-11a, 201214-11b,l 202441c, 2024-11d,
2024-11e, 20,24-12-a, 2024-1.2b, 2012,14-12c, 2025-1a, 2025-1b, 2025-1c.
"CONVENE, INTO OPEN SESSION
Take, any action cis a result qf the Ex utive k5ession.
Vice President Bra. ninstool reconvened hito Open Session at 101: 11 a.m. and moved to consider Regular
Agenda Items 1, 2, and 3.
REGULAR AGENDA
1. Consi'der and act upIon "issues, shirr oundj*ng a Feasibility Study.,
Board Comments
Staffreferred. the Board to the Agenda Report 'in the packet for information regardi"ng the Feasibilit'l
Study. The Feasibility Study will guide future decision -making processes and support strategi
Planning efforts., '"I'his item is being brought to the Board for consideration and approval to enter into
consulting agreement to commission feasibility study servicies.
13olard Action N
10
A motion was made by flarold Smith, seconded by Whitney McDougall, to enter into a services
agreement, with, Sports Facilities Advisory, LLC, in the amount of sixty-five thousand dollars ($65,000)
and further authorize the Executive Director, to execute any and all necessary documents. Avote was
I
taken,, and the motion passed 4-iO.
2. 0, 11 * -N-% cider and act upon issuies surrounding,oliscovier Wyll*els,
WEDC — Mm'utes,
January 24, 2025
Page 5 of 5
Board Comments
Staffreferred the Board to the Agenda Report 'in the packet for information regarding Discover Wylie
issues. Staff noted that WEDC and its social media team have been working with theWylie'Downtown
Merchants Association -for a long tinle to strengthen overall destination marketing. This item is being
biroiught to, the Board for consideration and approval to enter into a contract for visual. Wentifying and
webisite redesign services,,
41
Board Action
A motion was made bly Melisa Whitehead, seconded by Harotd Sm,]*Ih,, to enter into a services agreement
with Gran Icus/S impleview in, the amount of one hundred eigbt thousand nine h.un.idred twenty-five
dollars ($108,925) and further, authorize the Executive Director to execute any and atl necessary
documents. A, vote was taken, and the motiolin passed
3. Consider and act upon a firsit Amendment to the Purchase and Sale Agreement between WEDC
and Deft Ventures,, LLCI.,
FUTURE.A.GFINDA ITEMS
There were no future agenda items noted.
AD,JOURNMIEN'T
Ing
With no further business, Vice President Brininstilool adjourned. the NNTDC Board Special Called Meefi
at 10 16 a.m.
Dentond Dawkins, President
A,Trft S,T
Jasoln Greinel�,,E 46'CO'ntiv`e` Di"rector