02-19-2025 (WEDC) Agenda PacketWylie Economic Development Corporation
Board Regular Meeting
February 19, 2025 — 7:30 AM
WEDC Office Conference Room - 250 South Highway 78, Wylie, Texas
75098
CALL TO ORDER
INVOCATION & PLEDGE OF ALLEGIANCE
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COMMENTS ON NON -AGENDA ITEMS
Any member of the public may address Board regarding an item that is not listed on the Agenda. Members of the public must
fill out a form prior to the meeting in order to speak. Board requests that comments be limited to three minutes for an individual,
six minutes for a group. In addition, Board is not allowed to converse, deliberate or take action on any matter presented during
citizen participation.
CONSENT AGENDA
All matters listed under the Consent Agenda are considered to be routine by the Board and will be enacted by one motion.
There will not be separate discussion of these items. If discussion is desired, that item will be removed from the Consent Agenda
and will be considered separately.
Consider and act upon approval of Minutes from the January 15, 2025 Regular Meeting of the WEDC Board
of Directors.
:..............@. Consider and act upon approval of Minutes from the January 24, 2025 Special Called Meeting of the WEDC
Board of Directors.
Consider and act upon approval of the January 2025 WEDC Treasurer's Report.
REGULAR AGENDA
_.....W.. Consider and act upon issues surrounding a gas main extension at State Hwy 78 Eu an s.
DISCUSSION ITEMS
.......... Discussion regarding the Performance Agreement between WEDC and MLKJ Investments, LLC.
.Q 5 . ® Discussion regarding the WEDC 2024 Annual Report.
5 3 Discussion regarding ICSC.
........_4 Staff report: WEDC Property Update, Temporary Access Agreements, Downtown Parking, Engineering
Report, Upcoming Events, and WEDC Activities/Programs.
EXECUTIVE SESSION
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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.
ES 1. Consider the sale or acquisition of properties located at Brown/Eubanks, FM 544/Cooper, FM 544/Sanden,
Jackson/Oak, Regency/Steel, State Hwy 78/Brown, and State Hwy 78/Skyview.
Sec. 551.074. PERSONNEL MATTERS; CLOSED MEETING.
(a) This chapter does not require a governmental body to conduct an open meeting:
(1) to deliberate the appointment, employment, evaluation, reassignment, duties, discipline, or dismissal of a public
officer or employee; or
(2) to hear a complaint or charge against an officer or employee.
(b) Subsection (a) does not apply if the officer or employee who is the subject of the deliberation or hearing requests
a public hearing.
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, 2021-6c, 2022-1 b, 2022-1 c, 2023-1 c,
2023-2d, 2023-1la, 2023-11b, 2024-2d, 2024-4e, 2024-5a, 2024-5f, 2024-7a, 2024-7b, 2024-7e, 2024-8a,
2024-8b, 2024-8c, 2024-8d, 2024-9b, 2024-9c, 2024-9d, 2024-9e, 2024-9f, 2024-10a, 2024-10b, 2024-10c,
2024-11 a, 2024-11 b, 2024-11 c, 2024-11 d, 2024-11 e, 2024-12a, 2024-12b, 2024-12c, 2025-1 a, 2025-1 b,
2025-1c, 2025-1d, 2025-1e, 2025-1f, 2025-2a, 2025-2b, 2025-2c, 2025-2d, 2025-2e, and 2025-2f.
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 February 14, 2025 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
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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.
§ 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.
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02119120251tem A.
Minutes
Wylie Economic Development Corporation
Board of Directors Regular Meeting
January 15, 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
Vice President Blake Brininstool 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 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,
Research Analyst Marissa Butts, and Office Manager Christy Stewart.
INVOCATION & PLEDGE OF ALLEGIANCE
Brent Parker gave the invocation and led the Pledge of Allegiance.
COMMENTS ON NON -AGENDA ITEMS
With no citizen participation, Vice President Brininstool 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 December 18, 2024, Regular Meeting of the
WEDC Board of Directors.
B. Consider and act upon approval of the December 2024 WEDC Treasurer's Report.
Rnard Action
A motion was made by Melisa Whitehead, seconded by Whitney McDougall, to approve the
Consent Agenda as presented. A vote was taken, and the motion passed 4-0.
REGULAR AGENDA
1. Consider and act upon issues surrounding the Performance Agreement between the WEDC
and Phoenix Ascending Investments, LLC.
Staff Comments
Staff discussed a First Amendment to the Performance Agreement with Phoenix, extending the
Certificate of Occupancy deadline within the Performance Agreement from 15 months to 18 months.
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WEDC — Minutes
January 15, 2025
Page 2 of 4
Staff noted that if the CO could not be obtained due to the delay in the installation of fire lanes at the
544 Gateway Project, this extension would help avoid the need for an amendment at the last minute.
Staff stated that this amendment preserves the right to request a 90-day extension if written notice is
provided prior to the CO deadline, as per the original agreement.
Rnard Artinn
A motion was made by Whitney McDougall, seconded by Harold Smith, to approve a First
Amendment to the Performance Agreement between the WEDC and Phoenix Ascending
Investments, LLC, amending the "CO deadline" in Section 2 (a). i. from fifteen (15) months to
eighteen (18) months and further authorize the Executive Director to execute any necessary
documents. A vote was taken, and the motion passed 4-0.
DISCUSSION ITEMS
Staff requested that the Board move to Discussion Item 2 to allow time for the guest invited to speak during
Discussion Item 1 to arrive.
DS2. Staff report: WEDC Property Update, Temporary Access Agreements, Downtown Parking,
Engineering Report, Upcoming Events, and WEDC Activities/Programs.
Staff Comments
Staff referred the Board to the Agenda Report provided in the packet for all updates related to WEDC
Property Updates, Temporary Access Agreements, Downtown Parking, Engineering Report,
Upcoming Events, and WEDC Activities/Programs. Regarding the Engineering Report, Staff
provided project updates on the 544 Gateway Addition and Cooper Plaza. Staff discussed a budgeted
flood study that will be needed for the City's 19 acres. Staff noted that Board Member Harold Smith
accompanied staff to Sanden International for the presentation of their final incentive payment. Staff
discussed a Leadership Skills Program made available through Collin College that will benefit local
businesses, noting that the City of Wylie will also participate in the program. Mayor Porter mentioned
the upcoming 5 Loaves Gala to gauge participation and availability. Staff discussed organizing a
future Broker/Developer Event and FAM Tour. Staff noted a 2.89% decrease in sales tax revenues
for the month of January.
Vice President Brininstool moved to convene into Executive Session. Discussion Item 1 will be addressed
after reconvening into Open Session.
EXECUTIVE SESSION
Recessed into Closed Session at 7:59 a.m. in compliance with Section 551.001, et. seq. Texas Government
Code, to wit:
Sec. 551.072. DELIBERATION REGARDING REAL PROPERTY; CLOSED MEETING.
ES1. Consider the sale or acquisition of properties located at Brown/Eubanks, FM 544/Cooper,
FM 544/Sanden, Jackson/Oak, Regency/Steel, State Hwy 78/Brown, and State Hwy
78/Skyview.
Sec. 551.074. PERSONNEL MATTERS; CLOSED MEETING.
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WEDC - Minutes
January 15, 2025
Page 3 of 4
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, 2021-6c, 2022-
1b, 2022-1c, 2023-1c, 2023-2d, 2023-11a, 2023-11b, 2024-2d, 2024-4e, 2024-5a, 2024-5f, 2024-
7a, 2024-7b, 2024-7e, 2024-8a, 2024-8b, 2024-8c, 2024-8d, 2024-9b, 2024-9c, 2024-9d, 2024-9e,
2024-9f, 2024-10a, 2024-10b, 2024-10c, 2024-11a, 2024-11b, 2024-11c, 2024-11d, 2024-11e,
2024-12-a, 2024-12b, 2024-12c, 2025-1a, 2025-1b, and 2025-1c.
RECONVENE INTO OPEN SESSION
Take any action as a result of the Executive Session.
Vice President Brininstool reconvened into Open Session at 8:40 a.m. and moved on to Discussion Item 1.
DS1. Discussion and updates regarding Discover Wylie.
Staff Comments
Staff discussed the partnership between the City of Wylie, Wylie Downtown Merchants Association,
and WEDC to create a landing page for all activities and events within the community. Staff
welcomed Jeremy Meier with the WDMA to speak about Discover Wylie's history and the direction
WDMA would like to take the brand in the future. Discussion included the expansion of Discover
Wylie to encompass components other than Historic Downtown Wylie and providing a collaborative
resource for everything within and around the community/area/region to assist with bringing
additional tourism and economic development to Wylie. City Manager Brent Parker discussed plans
for the City of Wylie to turn the Brown House into a Visitor's Center. Historically, city staff has not
promoted events that are not "city events". However, staff at the Brown House would manage and
update the collaborative website to promote all events. Staff explained what would be needed to
make the website successful, including revamping the current website with an enhanced focus on
destination marketing. Staff stated that more information would be provided to the Board as it
became available. Jeremy Meier expressed appreciation on behalf of WDMA for the support
provided by the City of Wylie and WEDC.
EXECUTIVE SESSION
Recessed into Closed Session at 9:02 a.m. in compliance with Section 551.001, et. seq. Texas Government
Code, to wit:
Sec. 551.072. DELIBERATION REGARDING REAL PROPERTY; CLOSED MEETING.
ES1. Consider the sale or acquisition of properties located at Brown/Eubanks, FM 544/Cooper,
FM 544/Sanden, Jackson/Oak, Regency/Steel, State Hwy 78/Brown, and State Hwy
78/Skyview.
Sec. 551.074. PERSONNEL MATTERS; CLOSED MEETING.
Sec. 551.087. DELIBERATION REGARDING ECONOMIC DEVELOPMENT NEGOTIATIONS;
CLOSED MEETING.
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WEDC - Minutes
January 15, 2025
Page 4 of 4
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, 2021-6c, 2022-
1b, 2022-1c, 2023-1c, 2023-2d, 2023-11a, 2023-11b, 2024-2d, 2024-4e, 2024-5a, 2024-5f, 2024-
7a, 2024-7b, 2024-7e, 2024-8a, 2024-8b, 2024-8c, 2024-8d, 2024-9b, 2024-9c, 2024-9d, 2024-9e,
2024-9f, 2024-10a, 2024-10b, 2024-10c, 2024-11a, 2024-11b, 2024-11c, 2024-11d, 2024-11e,
2024-12-a, 2024-12b, 2024-12c, 2025-1a, 2025-1b, and 2025-1c.
RECONVENE INTO OPEN SESSION
Take any action as a result of the Executive Session.
Vice President Brininstool reconvened into Open Session at 9:19 a.m.
FUTURE AGENDA ITEMS
Staff noted that a quorum will already be present on Friday, January 24th for a Staffing & Compensation
Committee Meeting and gauged Board availability to attend a WEDC Special Called Meeting at 8 a.m.
prior to the Committee meeting. Staff will contact the Board to confirm attendance at the WEDC Board
Special Called Meeting on Friday, January 24th
ADJOURNMENT
With no further business, Vice President Brininstool adjourned the WEDC Board meeting at 9:20 a.m.
Demond Dawkins, President
ATTEST:
Jason Greiner, Executive Director
02119120251tem B.
Minutes
Wylie Economic Development Corporation
Board of Directors Special Called Meeting
January 24, 2025 — 8:00 A.M.
WEDC Offices —Conference Room
250 S Hwy 78 —Wylie, TX 75098
CALL TO ORDER
Announce the presence of a Quorum
Vice President Blake Brininstool called the meeting to order at 8:10 a.m. Board Members present were
Whitney McDougall, Harold Smith, and Melisa Whitehead.
WEDC staff present included Executive Director Jason Greiner, Assistant Director Rachael Hermes,
Research Analyst Marissa Butts, and Office Manager Christy Stewart.
INVOCATION & PLEDGE OF ALLEGIANCE
Rachael Hermes gave the invocation and led the Pledge of Allegiance.
COMMENTS ON NON -AGENDA ITEMS
With no citizen participation, Vice President Brininstool moved to the 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.
With no Consent Agenda items, Vice President Brininstool moved to Executive Session.
EXECUTIVE SESSION
Recessed into Closed Session at 8:12 a.m. in compliance with Section 551.001, et. seq. Texas Government
Code, to wit:
Sec. 551.071. CONSULTATION WITH ATTORNEY; CLOSED MEETING.
Sec. 551.072. DELIBERATION REGARDING REAL PROPERTY; CLOSED MEETING.
ES1. Consider the sale or acquisition of properties located at Brown/Eubanks, FM 544/Cooper,
FM 544/Sanden, Jackson/Oak, Regency/Steel, State Hwy 78/Brown, and State Hwy
78/Skyview.
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, 2021-6c,
2022-1b, 2022-1c, 2023-1c, 2023-2d, 2023-11a, 2023-11b, 2024-2d, 2024-4e, 2024-5a, 2024-5f,
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WEDC — Minutes
January 24, 2025
Page 2 of 5
2024-7a, 2024-7b, 2024-7e, 2024-8a, 2024-8b, 2024-8c, 2024-8d, 2024-9b, 2024-9c, 2024-9d,
2024-9e, 2024-9f, 2024-10a, 2024-10b, 2024-10c, 2024-11a, 2024-11b, 2024-11c, 2024-11d,
2024-11e, 2024-12-a, 2024-12b, 2024-12c, 2025-1a, 2025-1b, 2025-1c.
RECONVENE INTO OPEN SESSION
Take any action as a result of the Executive Session.
Vice President Brininstool reconvened in Open Session at 8:38 a.m. and then moved to Regular Agenda
Items 4.
REGULAR AGENDA
4. Consider possible action regarding reconsideration of the First Amendment to Performance
Agreement between WEDC and MLKJ Investments, LLC.
Board Comments
The Board opened the discussion, providing representatives from MLKJ Investments with an
opportunity to update the Board on the status of their project. Mansour Khayal with MLKJ Investments
and Lee Kirner with McGinnis Lochridge addressed the Board and made themselves available to the
Board for any questions. Vice President Brininstool expressed a lack of confidence that the project
timelines would be met. Khayal discussed his longtime interest in building in Wylie, issues they have
experienced regarding deliverables needed to complete their project, and the current project timeline.
Khayal discussed product/material ordering challenges, coordination with utilities, and engineering
progress. Additional discussion involved the tenant residing on the property, with Khayal noting that
the revenue generated from the tenant would be allocated to funding tax obligations on the property.
Board Member McDougall expressed her concern that, while she sees passion for this project exhibited,
it does not give her confidence that the project will be completed. Board Member McDougall inquired
about the status of the Preconstruction Meeting and requested information regarding concrete
deliverables that will be completed on this project. Khayal stated that the grading permit request had
been submitted, noting that he received a couple of questions from the city regarding the submittal but
had not yet responded to the inquiries due to the reconsideration of the First Amendment. Staff advised
that a grading permit would be granted following the Preconstruction Meeting. Staff reviewed the First
Amendment timelines for the Board and requested that Khayal provide detailed information on how
deadlines would be met. The Board expressed concerns regarding the timeline, given the proj ect's
current level of completion, and Khayal walked through each step of his projected project timeline.
Board Member McDougall inquired about the cause of the delays. Khayal stated that, although there
were initially some delays associated with the closing of the property, there have not been any recent
delays caused by the City of Wylie. Board Member Whitehead discussed the Board's purpose of
growing taxable value for the City of Wylie and expressed her concern about the impact timeline delays
have had on realizing anticipated revenue. Khayal discussed his work toward identifying potential users
for the property. Board Member Smith discussed his concern that Khayal had not yet issued a Notice
to Vacate to the tenant on the property. Khayal stated that he is working with the tenant to find another
home and that grubbing could still occur while the tenant was on the property. Khayal and Lee
confirmed that the Notice to Vacate would be issued. The Board discussed the need for tangible
evidence of progress on the project and the importance of ongoing communication.
EXECUTIVE SESSION
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WEDC - Minutes
January 24, 2025
Page 3 of 5
Recessed into Closed Session at 9:23 a.m. in compliance with Section 551.001, et. seq. Texas Government
Code, to wit:
Sec. 551.072. DELIBERATION REGARDING REAL PROPERTY; CLOSED MEETING.
ES1. Consider the sale or acquisition of properties located at Brown/Eubanks, FM 544/Cooper,
FM 544/Sanden, Jackson/Oak, Regency/Steel, State Hwy 78/Brown, and State Hwy
78/Skyview.
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, 2021-6c,
2022-1b, 2022-1c, 2023-1c, 2023-2d, 2023-11a, 2023-11b, 2024-2d, 2024-4e, 2024-5a, 2024-5f,
2024-7a, 2024-7b, 2024-7e, 2024-8a, 2024-8b, 2024-8c, 2024-8d, 2024-9b, 2024-9c, 2024-9d,
2024-9e, 2024-9f, 2024-10a, 2024-10b, 2024-10c, 2024-11a, 2024-11b, 2024-11c, 2024-11d,
2024-11e, 2024-12-a, 2024-12b, 2024-12c, 2025-1a, 2025-1b, 2025-1c.
RECONVENE INTO OPEN SESSION
Take any action as a result of the Executive Session.
Vice President Brininstool reconvened into Open Session at 9:48 a.m. and moved to Regular Agenda Item
4 and Regular Agenda Item 5.
REGULAR AGENDA
4. Consider possible action regarding reconsideration of the First Amendment to Performance
Agreement between WEDC and MLKJ Investments, LLC.
Board Comments
Each member of the Board provided feedback regarding their concerns associated with the proj ect's
status. Following discussion and comments, the Board reviewed the First Amendment, with the
majority of the Board agreeing to leave the First Amendment in place at this time contingent upon
significant progress and compliance as follows: MLKJ Investments, LLC will issue a Notice to Vacate
to the current tenant on the property; schedule and attend a Preconstruction Meeting and provide
relevant updates to the Board; obtain a grading permit and provide all permit fee receipts to the Board;
provide date of project commencement, full construction timeline, and written updates for each Board
Meeting (with option to address the Board each month in addition to the written updates); and sign and
return the First Amendment.
Board Action
The Board took no action on this item.
5. Consider possible action regarding the re -purchase option described in the Real Estate Sales
Contract dated September 21, 2022, as amended, between WEDC and MLKJ Investments, LLC.
Rnard Action
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Page 4 of 5
The Board took no action on this item.
EXECUTIVE SESSION
Recessed into Closed Session at 10:07 a.m. in compliance with Section 551.001, et. seq. Texas Government
Code, to wit:
Sec. 551.072. DELIBERATION REGARDING REAL PROPERTY; CLOSED MEETING.
ES1. Consider the sale or acquisition of properties located at Brown/Eubanks, FM 544/Cooper,
FM 544/Sanden, Jackson/Oak, Regency/Steel, State Hwy 78/Brown, and State Hwy
78/Skyview.
Sec. 551.074. PERSONNEL MATTERS; CLOSED MEETING.
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, 2021-6c,
2022-1b, 2022-1c, 2023-1c, 2023-2d, 2023-11a, 2023-11b, 2024-2d, 2024-4e, 2024-5a, 2024-5f,
2024-7a, 2024-7b, 2024-7e, 2024-8a, 2024-8b, 2024-8c, 2024-8d, 2024-9b, 2024-9c, 2024-9d,
2024-9e, 2024-9f, 2024-10a, 2024-10b, 2024-10c, 2024-11a, 2024-11b, 2024-11c, 2024-11d,
2024-11e, 2024-12-a, 2024-12b, 2024-12c, 2025-1a, 2025-1b, 2025-1c.
RECONVENE INTO OPEN SESSION
Take any action as a result of the Executive Session.
Vice President Brininstool reconvened into Open Session at 10:11 a.m. and moved to consider Regular
Agenda Items 1, 2, and 3.
REGULAR AGENDA
1. Consider and act upon issues surrounding a Feasibility Study.
Board Comments
Staff referred the Board to the Agenda Report in the packet for information regarding the Feasibility
Study. The Feasibility Study will guide future decision -making processes and support strategic
planning efforts. This item is being brought to the Board for consideration and approval to enter into a
consulting agreement to commission feasibility study services.
Roard Action
A motion was made by Harold 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. A vote was
taken, and the motion passed 4-0.
2. Consider and act upon issues surrounding Discover Wylie.
u
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WEDC — Minutes
January 24, 2025
Page 5 of 5
Board Comments
Staff referred 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 the Wylie Downtown
Merchants Association for a long time to strengthen overall destination marketing. This item is being
brought to the Board for consideration and approval to enter into a contract for visual identifying and
website redesign services.
Rnard Actinn
A motion was made by Melisa Whitehead, seconded by Harold Smith, to enter into a services agreement
with Granicus/Simpleview in the amount of one hundred eight thousand nine hundred twenty-five
dollars ($108,925) and further authorize the Executive Director to execute any and all necessary
documents. A vote was taken, and the motion passed 4-0.
3. Consider and act upon a First Amendment to the Purchase and Sale Agreement between WEDC
and Deft Ventures, LLC.
Board Comments
Staff noted that WEDC approved a Purchase and Sale Agreement with Deft Ventures, LLC on August
21, 2024, for the sale of all of Lot 1 and the southernmost portion of Lot 3, Block A, 544 Gateway
Addition. The contract was executed on September 12, 2024. This item is being brought to the
Board to consider a First Amendment, extending the Inspection Period deadline by 90 days, from
January 14, 2025, to April 14, 2025.
Rnard Artinn
A motion was made by Whitney McDougall, seconded by Melisa Whitehead, to approve a First
Amendment to the Performance Agreement between the WEDC and Deft Ventures, LLC, amending
the Inspection Period by ninety (90) days from its current expiration, to now expire on April 14, 2025,
and further authorize the Executive Director to execute any necessary documents 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, Vice President Brininstool adjourned the WEDC Board Special Called Meeting
at 10:16 a.m.
Demond Dawkins, President
ATTEST:
Jason Greiner, Executive Director
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02119120251tem C.
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Wylie Economic Development
Board
AGENDA REPORT
Meeting Date: February 19, 2025 Item Number:
Prepared By:
Jason Greiner
Consider and act upon approval of the January 2025 WEDC Treasurer's Report.
Motion to approve the January 2025 WEDC Treasurer's Report.
C
Presented for the Board's review and approval is the January 2025 Treasurer's Report detailing the month and year-to-
date financial transactions and performance against budget. This report contains the Revenue and Expense Report,
Statement of Net Position, Balance Sheet, Sales Tax Report, and Performance Agreement Summary.
12F.VF,NITF.C•
Sales Tax Revenue earned in November allocated in January was $382,610.55, a decrease of 2.89% over the same period
in 2024.
FXPFNCFC-
En ineering / Architectural
$17,861.44 Kimley Horn & Associates — General Engineering, FM 544 Gateway, Regency Drainage
Special Services - Infrastructure
$48,136.50 Reeder Concrete — Pay App 6
$792,384.31 McMahon Contracting — Pay App 3 & 4
$86,360.91 Project Retainage/Journal Entries
Note: Retainage amounts have been adjusted as a credit to Account 111-2000-20610/Retainage Payable.
E
WYLIEECONOMIC
DEVELOPMENT
Original Current
Total Budget Total Budget
02119120251tem C.
January Rev/Exp Report
Account Summary
For Fiscal: 2024-2025 Period Ending: 01/31/2025
Variance
Period Fiscal Favorable Percent
Activity Activity (Unfavorable) Remaining
Fund: 111- WYLIE ECONOMIC DEVEL CORP
Revenue
Category: 400 - Taxes
..,,,,..,.-4,0 ..mm:...................... SALES TAX 4,990,217.00 4,990,217.00 382,610.55 773,214.59-4,217,002.41 84.51 %
Category: 400 - Taxes Total: 4,990,217.00 4,990,217.00 382,610.55 773,214.59-4,217,002.41 84.51%
Category: 460 - Interest Income
11.1... . ALLOCATED INTEREST EARNINGS
...............................................................................................................
Category: 460 - Interest Income Total:
Category: 480 - Miscellaneous Income
.1...1.......... . 4,000-4.81101 RENTAL INCOME
...............................................................................................................
..:I I...... 4,000- ... . MISCELLANEOUS INCOME
:......mm:......-.: 4,30 GAIN/(LOSS) SALE OF CAP ASSETS
Category: 480 - Miscellaneous Income Total:
Revenue Total:
Expense
Category: 510 - Personnel Services
11.1....... 5611...511101
SALARIES
11.1....... 5611...5114,01LONGEVITY
PAY
............ 611- 3
TM RS
.1...1..... ....... . -5. .
................................................................................................................
HOSPITAL & LIFE INSURANCE
.1...1........ 11- .
................................................................................................................
LONG-TERM DISABILITY
'11111,111,11 ... . ....... . 5611-5144,01
................................................................................................................
FICA
I I I 5611-514�111�1)0
.................................................................................................................
MEDICARE
:.. mm.. 611-
.................................................................................................................
WORKERS COMP PREMIUM
......-.:' ..6....1..:514, .01
UNEMPLOYMENT COMP (TWC)
Category: 510 - Personnel Services Total:
Category: 520 - Supplies
I I... 5611 520101 .
................................................................................................................
OFFICE SUPPLIES
11.1.... 5611-.. 5204,01
................................................................................................................
POSTAGE & FREIGHT
............ 611 52
FOOD SUPPLIES
Category: 520 - Supplies Total:
Category: 540 - Materials for Maintenance
.1...1.... 5611-54,6101
................................................................................................................
FURNITURE & FIXTURES
.......mm:......5611-54,,810
COMPUTER HARD/SOFTWARE
Category: 540 - Materials for Maintenance Total:
Category: 560 - Contractual Services
I I j.-5611560301INCENTIVES
I I... 5611 5604,01
................................................................................................................
SPECIAL SERVICES
I I ... . ....... . 5611 5604,11
................................................................................................................
SPECIAL SERVICES -REAL ESTATE
11.1... 5611-.. 5604,,21
................................................................................................................
SPECIAL SERVICES-INFRASTRUCTUR
............ 611 56080
ADVERTISING
.....*.L. 5611-5609
COMMUNITY DEVELOPMENT
.1...1.... 5611-56110,
................................................................................................................
COMMUNICATIONS
.1...1........56 -56 ..
RENTAL
..:I I... 5611-56210
.................................................................................................................
TRAVEL & TRAINING
I I I 5611-56Z'11�1)0
.................................................................................................................
DUES & SUBSCRIPTIONS
1 j. 5611.,,1;.....6 1 ...................................
.........................................................................
INSURANCE
I j. 5611. 65.
................................................................................................................
AUDIT & LEGAL SERVICES
.-.:' ........::.:' .... ..:.........
ENGINEERING/ARCHITECTURAL
I I ... . ....... . 5611-.."
UTILITIES -ELECTRIC
112,000.00
112,000.00
34,868.95
145,098.09
33,098.09
129.55 %
112,000.00
112,000.00
34,868.95
145,098.09
33,098.09
29.55%
4,800.00
4,800.00
400.00
3,300.00
-1,500.00
31.25 %
0.00
0.00
0.00
400.00
400.00
0.00 %
4.1121,530.00
4,121,530.00
0.00
925,593.76
-3,195,936.24
77.54 %
4,126,330.00
4,126,330.00
400.00
929,293.76
-31197,036.24
77.48%
9,228,547.00
9,228,547.00
417,879.50
1,847,606.44
-7,380,940.56
79.98%
470,558.40
470,558.40
35,272.40
139,691.72
330,866.68
70.31 %
2,807.68
2,807.68
0.00
2,664.00
143.68
5.12 %
74,649.83
74,649.83
5,562.46
22,280.58
52,369.25
70.15 %
79,943.76
79,943.76
6,503.57
26,014.28
53,929.48
67.46 %
1,741.07
1,741.07
80.80
323.20
1,417.87
81.44 %
29,348.70
29,348.70
2,003.70
8,219.55
21,129.15
71.99 %
6,863.81
6,863.81
468.60
1,922.28
4,941.53
71.99 %
994.07
994.07
0.00
724.00
270.07
27.17 %
585.00
585.00
412.58
412.58
172.42
29.47 %
667,492.32
667,492.32
50,304.11
202,252.19
465,240.13
69.70%
5,000.00
5,000.00
242.28
634.39
4,365.61
87.31 %
300.00
300.00
0.00
223.85
76.15
25.38 %
3,000.00
3,000.00
274.58
833.94
2,166.06
72.20 %
8,300.00
8,300.00
516.86
1,692.18
6,607.82
79.61%
2,500.00
2,500.00
0.00
0.00
2,500.00
100.00 %
7,650.00
7.1650.00
0.00
0.00
7,650.00
100.00 %
10,150.00
10,150.00
0.00
0.00
10,150.00
100.00 %
1,741,250.00
1,741,250.00
0.00
200,000.00
1,541,250.00
88.51 %
87,270.00
87,270.00
0.00
567.50
86,702.50
99.35 %
71,000.00
71,000.00
1,851.73
5,761.39
65,238.61
91.89 %
9,020,667.00
9,020,667.00
926,881.72
2,415,894.52
6,604,772.48
73.22 %
226,125.00
226,125.00
5,257.60
47,452.78
178,672.22
79.01 %
74,450.00
74,450.00
1,052.46
12,271.92
62,178.08
83.52 %
7,900.00
7,900.00
521.11
1,553.19
6,346.81
80.34 %
27,000.00
27,000.00
2,250.00
9,000.00
18,000.00
66.67 %
95,500.00
95,500.00
2,337.07
24,635.19
70,864.81
74.20 %
91,053.00
91,053.00
2.0363.70
411609.87
49.1443.13
54.30 %
6,800.00
6,800.00
0.00
5,816.85
983.15
14.46 %
53,000.00
53,000.00
4,246.80
10,805.40
42,194.60
79.61 %
855,300.00
855,300.00
20,990.94
40,270.41
815,029.59
95.29 %
2,400.00
2,400.00
175.08
566.56
1,833.44
76.39 %
m, /,,,° :11 1 2, C' V, 2.5 3 21,19 :'.L. 3 C:) � � � � e .II � i . 'i
0211912025 Item C.
Budget Report
For Fiscal: 2024-2025 Period Ending: 01/31/ZUZ5
Variance
Original
Current
Period
Fiscal
Favorable
Percent
Total Budget
Total Budget
Activity
Activity
(Unfavorable) Remaining
Category: 560 - Contractual Services Total: .................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
12,,359y715.00
12,,359,,715.00
967,928.21
2,,816,,205.58
91543..509.42
77.21%
Category: 570 - Debt Service & Capital Replacement
I I I ... . ....... . iil, I.-! ) . ......... 741 01 PRINCIPAL PAYMENT
606,744.04
606,744.04
51,656.71
205,570.08
4011173.96
66.12%
1 1 1 1:' 3 6 11111 - ) . ......... 741-1151 INTEREST EXPENSE .................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
625,253.60
625,253.60
51,009.76
205,095.80
420,157.80
67.20%
Category: 570 - Debt Service & Capital Replacement Total:
1,,231,997.64
1,,231,997.64
102,666.47
410,665.88
821,,331.76
66.67%
Category: 580 - Capital Outlay
I I I ... . ....... . 5611 LAND -PURCHASE PRICE .................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
1,000,000.00
1,000,000.00
0.00
0.00
1,000,000.00
100.00%
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:
15,277,654.96
15,,277,,654.96
1j,121,,415.65
3,430..815.83
11,846,839.13
77.54%
................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. Fund: 111 - WYLIE ECONOMIC DEVEL CORP Surplus (Deficit):
-6.,049J07.96
-6..049,,107.96
-703,,536.15
-1,,583..209.39
4,,465,,898.57
73.83%
Report Surplus (Deficit):
-6,,049y107.96
-6.9049,,107.96
-703,,536.15
-11583,,209.39
4,,465..898.57
73.83%
2 1111, :.I.. ", III 'I, ( "�� �') III ..........
J J 11!!111:)1 3 21,19 13 IN,1111 C:�Iage 21,, cif 111!!I.
I
Budget Report
Original Current
Category Total Budget Total Budget
Fund: 111- WYLIE ECONOMIC DEVEL CORP
Revenue
0211912025 Item C.
For Fiscal: 2024-2025 Period Ending:
Group Summary
Variance
Period Fiscal Favorable Percent
Activity Activity (Unfavorable) Remaining
400
- Taxes
4,990,217.00
4,990,217.00
382,610.55
773,214.59
-41217,002.41
84.51%
460
- Interest Income
112,000.00
112,000.00
34,868.95
145,098.09
33,098.09
29.55%
480
- Miscellaneous Income
4,126,330.00
4,126,330.00
400.00
929,293.76
-3,197,036.24
77.48%
Revenue Total:
9,228,547.00
9,228,547.00
417,879.50
1,847,606.44
-7,380,940.56
79.98%
Expense
510
- Personnel Services
667,492.32
667,492.32
50,304.11
202.1252.19
465,240.13
69.70%
520
- Supplies
8,300.00
8,300.00
516.86
1,692.18
6,607.82
79.61%
540
- Materials for Maintenance
10,150.00
10,150.00
0.00
0.00
10,150.00
100.00%
560
- Contractual Services
12,359,715.00
12,359,715.00
967,928.21
2,816,205.58
9,543,509.42
77.21%
570
- Debt Service & Capital Replacement
1,231,997.64
110231,997.64
102,666.47
410,665.88
821,331.76
66.67%
580
- Capital Outlay
1,000,000.00
1,000,000.00
0.00
0.00
1,000,000.00
100.00%
Expense Total:
15,277,654.96
15,277,654.96
1,121,415.65
3,430,815.83
11,846,839.13
77.54%
Fund: 111- WYLIE ECONOMIC DEVEL CORP Surplus (Deficit):
-6,049,107.96
-6,049,107.96
-703,536.15
-1,583,209.39
4,465,898.57
73.83%
Report Surplus (Deficit):
-6,049,107.96
-6,049,107.96
-703,536.15
-11583,209.39
4,465,898.57
73.83%
2, /1-133111111'" 12! w�::: w :!'11:)1 3 1,1 9 :.1 3
Budget Report
0211912025 Item C.
For Fiscal: 2024-2025 Period Ending:
Fund Summary
Variance
Original
Current
Period
Fiscal
Favorable
Fund Total Budget
Total Budget
Activity
Activity
(Unfavorable)
111- WYLIE ECONOMIC DEVEL CC-6,049,107.96
-6,049,107.96
-703,536.15
-1,583,209.39
4,465,898.57
Report Surplus (Deficit):-6,049,107.96
-6,049,107.96
-703,536.15
-1,583,209.39
4,465,898.57
2. /" :11 '" 2, 0 2�, 5 3 2", 9 113
114.) g L of °L
17
0211912025 Item C.
Wylie Economic Development Corporation
Statement of Net Position
As of January 31, 2025
Assets
Cash and cash equivalents
$
12,480,078.71
Receivables
$
717,000.00 Note 1
Inventories
$
14,063,964.34
Prepaid Items
$
-
Total Assets
$
27,261,043.05
Deferred Outflows of Resources
Pensions
$
84,397.55
Total deferred outflows of resources
$
84,397.55
Liabilities
Accounts Payable and other current liabilities
$
276,340.44
Unearned Revenue
$
1,200.00 Note 2
Non current liabilities:
Due within one year
$
479,650.76 Note 3
Due in more than one year
$
14,482,701.43
Total Liabilities
$
15,239,892.63
Deferred Inflows of Resources
Pensions
$
(8,542.41)
Total deferred inflows of resources
$
(8,542.41)
Net Position
Net investment in capital assets
$
-
Unrestricted
$
12,097,005.56
Total Net Position
$
12,097,005.56
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
E
0%1� M
E":
0 N I
WYLIE DEVELOPMENT
Account
Name
Fund: 111- WYLIE ECONOMIC DEVEL CORP
Assets
111-1 -1 11C
CLAIM ON CASH AND CASH EQUIV.
J..1,').......-1000.10111
.................................................................................................................
CASH - WEDC - INWOOD
111ww 1CCC-1C131
...........................................................................
ESCROW
....y... .::::.......:::........... 0,
DEPOSITS
111ww 1CC -
...........................................................................
OTHER - MISC CLEARING
J..J..J... ....... -100 10341
TEXPOOL
111...1CCC-1
...........................................................................
LOGIC
J..J..J... -1000-1(:)1 1
INTEREST RECEIVABLE
111ww100 -11511
...........................................................................
ACCTS REC - MISC
I..I..1''.1..0CC-J..1°� -11
.................................................................................................................
ACCTS REC - SALES TAX
111-1000-12810
...........................................................................
LEASE PAYMENTS RECEIVABLE
J..J...�.. J..000� 1..1 10
.................................................................................................................
LOAN PROCEEDS RECEIVABLE
11.1-1000-12996
...........................................................................
LOAN RECEIVABLE
J..J.,:]... -1000 '::12
.................................................................................................................
ACCTS REC - JTM TECH
111-1000-1
ACCTS REC - FORGIVEABLE LOANS
......::::.......:::...:........
INVENTORY - MATERIAL/ SUPPLY
111ww1CC -1111
INVENTORY- LAND & BUILDINGS
.....::::........:....:::...:........ .
INVENTORY - BAYCO/ SANDEN BLVD
111ww1CCC-11. 1C
...........................................................................
PREPAID EXPENSES - MISC
J..J..J... ....... mm 000-14,41..:
DEFERRED OUTFLOWS
Liability
J..1 j.......2000 ..20111,
111-2 - C11 ,
J.. J., :]......2000 ..2C 111
.................................................................................................................
I..J..J... ....... 200 ....20115,
J.. J.. J... ....... 2000- 0 11
I.. I I ... ....... 1.000- (!)1 mm_1
111�1,C _ 1
I I mm1..mm..2000 2 J..1,mm-1
.................................................................................................................
J..1 j.......2000 ..20123
111-2 C - C1 ,1.
J.. J.,:]......2000 ..2C125
.................................................................................................................
J.. J.. J......2000...20127,
111ww�,CC - C1 C
J.. J.. J... ....... 2000- 0 11 °-1
111... ,CC _ C1
111-2 _ 111
I I mm1..mm..2000 2 J..S
.................................................................................................................
111ww�1,C � � 1
J.. J., :]......2000 ... 020 mm-1
111ww�, - C11C
J..J.,:]... ....... 2000... 0510
111...200- C11
J.. J.. J......2000... 20610,
Total Assets:
FEDERAL INCOME TAX PAYABLE
MEDICARE PAYABLE
CHILD SUPPORT PAYABLE
CREDIT UNION PAYABLE
IRS LEVY PAYABLE
NATIONWIDE DEFERRED COMP
HEALTH INSUR PAY -EMPLOYEE
TMRS PAYABLE
ROTH IRA PAYABLE
WORKERS COMP PAYABLE
FICA PAYABLE
TEC PAYABLE
STUDENT LOAN LEVY PAYABLE
ALIMONY PAYABLE
BANKRUPTCY PAYABLE
VALIC DEFERRED COMP
ICMA PAYABLE
EMP. LEGAL SERVICES PAYABLE
FLEXIBLE SPENDING ACCOUNT
EDWARD JONES DEFERRED COMP
EMP CARE FLITE
Unemployment Comp Payable
ACCRUED WAGES PAYABLE
ADDIT EMPLOYEE INSUR PAY
MISC PAYROLL PAYABLE
AP PENDING
ACCOUNTS PAYABLE
PROPERTY TAXES PAYABLE
NOTES PAYABLE
RETAINAGE PAYABLE
Balance
12.1478,078.71
0.00
0.00
2,000.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
717,000.00
0.00
14,063,964.34
0.00
0.00
810,500.00
28,071,543.05
0.00
0.00
0.00
0.00
0.00
0.00
-2,686.61
8,252.19
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
3,297.16
0.00
-3.00
426.28
0.00
49.46
0.00
0.00
0.00
0.00
810,500.00
267,004.96
7R_ml _saq_ns
02/19/20251tem C.
Balance Sheet
Account Summary
As Of 01/31/2025
2, /1' :.1.. 311'' 2, 0 2�, 5 3 11,1 21,1 I )a g e 'IL. Of 1,
19
Balance Sheet
0211912025 Item C.
As
Equity
...........................................................................
I..J.,:I.... ....... 3CC0 34,590
Total Revenue
Total Expense
Revenues Over/Under Expenses
Name Balance
DUE TO GENERAL FUND 0.00
DEFERRED INFLOW 0.00
DEF INFLOW - LEASE PRINCIPAL 0.00
DEFERRED INFLOW - LEASE INT 0.00
RENTAL DEPOSITS 1,200.00
Total Liability: 1,088,040.44
FUND BALANCE - RESERVED 0.00
FUND BALANCE-UNRESERV/UNDESIG 28,566,712.00
Total Beginning Equity: 28,566,712.00
1,847,606.44
3,430,815.83
-1,5831209.39
Total Equity and Current Surplus (Deficit): 26,983,502.61
Total Liabilities, Equity and Current Surplus (Deficit): 28,071,543.05
2, °'° :.13 11111111 2, 0 2�, 5 3 11,1„ 211,19
20
0211912025 Item C.
Balance Sheet As
Account Name Balance
Fund: 922 - GEN LONG TERM DEBT (WEDC)
Assets
Total Assets: 0.00 0.00
Liability
.9....:::.: ....-.......8. ....... GOVCAP LOAN/SERIES 2022 7.1281,368.05
Total Liability: 7,281,368.05
Total Equity and Current Surplus (Deficit): 0.00
Total Liabilities, Equity and Current Surplus (Deficit): 7,281,368.05
*** FUND 922 OUT OF BALANCE ***-7,281,368.05
***Warning: Account Authorization is turned on. Please run the Unauthorized Account Listing Report to see if you are out of balance due to missing
2, 13 2, 0 2�, 5 3 ", 219 I ,°"I C:)a g e 3 of 3
21
0211912025 Item C.
Wylie Economic Development Corporation
SALES TAX REPORT
January 31, 2025
BUDGETED YEAR
DIFF
% DIFF
MONTH
FY 2022
FY 2023
FY 2024
FY 2025 24 vs. 25
24 vs. 25
DECEMBER
$
263,577.66
$
338,726.54
$ 374,686.38 $
390,604.04 $ 15,917.66
4.25%
JANUARY
$
326,207.92
$
368,377.73
$ 393,994.39 $
382,610.55 $ (11,383.84)
-2.89%
FEBRUARY
$
417,896.79
$
480,381.11
$ 265,491.94 $
-
0.00%
MARCH
$
305,605.50
$
313,686.17
$ 577,757.71 $
-
0.00%
AP R I L
$
265, 773.80
$
310, 050.94
$ 341, 335.06 $
-
0.00%
MAY
$
401,180.20
$
434,878.33
$ 448,671.55 $
-
0.00%
JUNE
$
343,371.26
$
330,236.89
$ 377,949.25 $
-
0.00%
JULY
$
331,432.86
$
379,162.00
$ 374,225.20 $
-
0.00%
AUGUST
$
429,696.16
$
448,253.70
$ 463,185.29 $
-
0.00%
SEPTEMBER
$
337,512.61
$
371,880.65
$ 408,571.56 $
-
0.00%
OCTOBER
$
346,236.36
$
377,466.67
$ 402,154.81 $
-
0.00%
NOVEMBER
$
392,790.84
$
458,694.91
$ 446,217.04 $
-
0.00%
Sub -Total
$
4,161,281.96
$
49611,795.64
$ 45874,240.18 $
773,214.59 $ 4,533.81
0.11 %
Total $ 411619281.96 $ 4,611,795.64 $ 498749240.18 $ 7739214.59 $ 4,533.81 0.11 %
SalesWEDC l i
600,000
$" 00, 000
400,000
$300,000
$ ,00,000
00,000
$0
111�
ISO
*** Sales Tax collections typically take 2 months to be reflected as Revenue. SIsTx receipts are then accrued back 2
months. Example: January SIsTx Revenue is actually November SIsTx and is therefore the 2nd allocation in FY25.
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02119120251tem 1.
WYLIEEDC
,��w�u�i;�sY����vdN��+�r�r��Ai��v�v,Nw��je1� Ypito�vroii,M�,x�n�rs��°��.
Meeting Date: February 19, 2025
Prepared By: Jason Greiner
Wylie Economic Development
Board
AGENDA REPORT
Item Number:
Consider and act upon issues surrounding a gas main extension at State Hwy 78/Eubanks.
• • •
Motion to award the contract to MasTec North America, Inc. in the amount of $576,876 and further authorize the
Executive Director to execute any and all necessary documents.
As the Board will recall, the WEDC approved a contract with MasTec in the amount of $604,729.87 on May 17, 2023.
However, due to the WEDC's inability to obtain the necessary easements from the adjacent landowners, the project was
delayed. With the updated design and modified scope, Atmos, MasTec, and the WEDC are now prepared to proceed with
this project.
As previously discussed, the WEDC had explored options to extend natural gas service north to various developments
along Hwy 78 and was working with Atmos Gas to design a possible Natural Gas Loop that would serve properties from
Brown Street and Eubanks Lane, north up to Hwy 78 and then east all the way over to Kreymer Lane. With the delay in
obtaining the necessary easements, Atmos reevaluated the possibility of extending natural gas service from Kreymer
Lane vs. extending the gas line up Eubanks from Brown Street. The previous design included approximately 5200 feet
of 4" high -density poly IP gas main, whereas this new design and bid is for the installation of approximately 3700 feet of
4" high -density poly IP gas main.
Additionally, Staff has met with both the engineering team at Kimley Horn and the utility provider to confirm that the
scope of the project and the bids received accurately depict the necessary installation and project requirements.
24
0211912025 Item DS 1.
Wylie Economic Development
Board
AGENDA REPORT
Meeting Date: February 19, 2025 Item Number:
Prepared By: Jason Greiner
DS1
Discussion regarding the Performance Agreement between WEDC and MLKJ Investments, LLC.
No action is requested by staff for this item.
Staff will lead the discussion regarding the Performance Agreement between WEDC and MLKJ Investments, LLC.
25
0211912025 Item DS2.
Wylie Economic Development
Board
AGENDA REPORT
Meeting Date: February 19, 2025 Item Number:
Prepared By:
Jason Greiner
Discussion regarding WEDC Annual Report.
No action is requested by staff for this item.
Staff will lead the discussion regarding WEDC Annual Report.
DS2
As per the WEDC Bylaws, the WEDC must present an annual report to the Wylie City Council no later than April 1 St of
each year. The report must include but is not limited to, a review of all expenditures made by the Board, a review of
accomplishments, and a review of other than direct economic development.
WEDC Staff will lead the discussion and make any necessary amendments to ensure the report is presented to the Wylie
City Council on March 25, 2025.
26
0211912025 Item DS3.
W Y L I E
ouououououououououour uouououoimiu�C6�j1tiy\91iIG j916�N�`��uifilVi��6�llt�lmyy��
1101010101010101010
muououoiiouniiounuououoi fououououoimmpNlppp�Q�VI� ��S111NI11�i�lni�u�iovolVIDV���
Wylie Economic Development
Board
AGENDA REPORT
Meeting Date: February 19, 2025 Item Number:
Prepared By:
Jason Greiner
Discussion regarding ICSC events.
No action is requested by staff for this item.
Staff will lead a discussion about the upcoming ICSC event.
ICSC Las Vegas May 18-20, 2025
Sunda, May 18 • Wynn
8:00 am — 5: 00 pm • Badge Pickup (only) • Airport
8: 00 am — 5: 00 pm • Badge Pickup & Registration • L VCC
8: 00 am — 7: 30 pm • Badge Pickup & Registration • Wynn
12:00 — 12:45 pm • Keynote Presentation # 1
1:00 — 4:15 pm • Professional Development Workshops
4:30 — 5:15 pm • Keynote Presentation #2
Monday, May 19 • LVCC
6: 30 am — 5: 00 pm Badge Pickup & Registration
8:00 am — 5:00 pm Exhibit Hall Open
10:00 am — 4:30 pm Sessions
Tuesday, 20 • LVCC
8:00 am — 3 :00 pm • Exhibit Hall Open
10:00 am — 12:00 pm • Sessions
DS3
ICSC LAS VEGAS takes place annually in May, and it's a gathering of dealmakers and industry experts who are driving
innovation and evolution in commercial real estate. For more information, please follow the link: ICSC Las Vegas 2025
27
0211912025 Item DS4.
Wylie Economic Development
W Y L I E
Board
A EN A REPORT
Meeting Date: February 19, 2025 Item Number: DS4
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:
Listing Agreement —Segovia Partners (SP)
• Pad Sites are both under contract. Upon closing, Staff will cancel the listing agreement.
• 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:
• Staff will request an updated OPCC for the RR ROW parking for future cost estimates and planning purposes.
• KH waiting on the City of Wylie downtown project for the regional drainage solution.
Enj!ineerinj! 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.
• 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.
• Staff has repeatedly attempted to resolve overhead utilities issues and will continue to do so. According to Oncor,
Frontier Telecom, Wylie ISD Fiber, and Suddenlink CATV own the remaining overhead utilities. Oncor has
notified each of them that they need to transfer their utilities to the new poles. Staff has engaged the services of
a private fiber company to relocate the lines and hope to have an update by next Friday.
• Entire team to meet onsite once staking is complete to confirm locations of relocated duct banks and poles.
• The TxDOT permit was approved for Frontier/duct bank work, and the City approved the Frontier ROW permit.
• Replat and ATLA surveys are being prepared by Roome Surveying based on the updated site plan for Lot 1.
• Paving will begin soon, and the detention pond is nearing completion.
• FRI to be submitted for the retaining wall expansion change.
• Next project coordination meeting: 2/20/25
State Hwy 78 TxDOT Improvements
• Project is under construction with KH providing construction management as needed.
28
0211912025 Item DS4.
• Change Orders and Pay Apps are currently being revised and updated.
• Remaining sidewalk was removed from Reeder's contract and included in McMahon's contract.
• Irrigation and sod are to be installed during the week of 2-24-25 due to anticipated weather issues next week.
Design & Engineering - Cooper Plaza - State Hwy 78 & Brown
• Electrical submittal is under review.
• The 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.
• Coordination is ongoing regarding bollards and site lighting.
• McMahon submitted for bollard clarification due to issues with existing bollards per plan. KH will provide an
electrical/landscape option for review.
• Change Order #2 to be distributed this week.
• Next project coordination meeting: 2/20/25
Flood Study &Drainage Study- Hooper/Steel/Regency Business Park (KH)
• Existing storm sewer analysis is complete.
• KH preparing an IPO for the final design of the Option 6 improvements (including existing storm sewer
recommendations).
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
• WEDC is coordinating with property owners.
• KH will prepare easement (and potentially ROW) documents for the properties once the gas line route has been
confirmed.
Jackson Avenue Development
• KH to prepare exhibits showing additional parking and striping along Jackson, Oak, and Marble.
• KH is coordinating with the City and design team for the Downtown infrastructure/wayfinding project to
coordinate parking, drainage, and the development's "theme."
• 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 is still waiting for a response from Atmos with the updated signature block information in place. Once staff
receives the final document and obtains the last set of signatures, the documents will be sent to Atmos for filing.
City's 19-Acres and East Meadow Due Diligence Study (IPO #14)
• KH to prepare IPO that includes:
o Topographic Survey
o Preliminary flood study of Muddy Creek (final flood study to be prepared with infrastructure construction
drawings)
o Preliminary roadway alignment
o Coordination with City/NTMWD/Oncor/FEMA
o Railroad crossing coordination
o Updated concept plan showing proposed major infrastructure improvements and developable area
29
0211912025 Item DS4.
BRE & Workforce Updates:
• 4 BRE visits were conducted in January.
• Launched Leadership Development Skills program at Collin College for local employers.
• Assisted local businesses with Skills for Small Business grant support.
• Met with a local business and Wylie ISD staff/teachers to tour the facility and develop a curriculum for Internship
and Practicum CAD/CAM programmers.
• Met with a potential workforce facility in Plano considering expanding into a Wylie location.
• Assisted a local business with amending CO for the facility to include a training suite for surgical procedures.
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, and property owners continue.
• Worked with legal regarding ongoing real estate projects and performance agreements.
• Facilitated and attended East Side Allies Luncheon at Herman Marshall and CPKC tour (JG, RH, CS)
• Staff attended TEDC TEEX Training (JG)
• Participated in the ongoing Leadership Wylie Classes. This month featured SIMSOC. (MW, MB)
• Staff and Board attended ICSC Red River (MP, HS, MW, JG, RH)
• Sales tax revenues for February are up 126.87% due to an audit collection of $239,410. More information will
be provided when it becomes available.
Upcoming Events:
• Broker/Developer Event: Hidden Lakes- February 27, 2025
• State of the City Luncheon- March 25, 2025
• Boots `N Barbecue- March 29, 2025
• P3C — Public, Private, Partnership Conference- April 7-9, 2025
• ICSC Las Vegas- May 18-20, 2025
Please see the attached Marketing Calendar for the full list of upcoming events.
30
I�� t �II�I�„II N
���� � 0211912025 Item DS4.
�YDIIIiuiouol�Dlliuuuiu�ou�D M�iuiouoiii�,
VVY L I E itwel
l'i"iman
V
���III�����i�iSSlP
� �E
N
i��mi�i rv"� uiltllii�tity `,�ui�`i\uiN¢ ���� �� ,D� �� �
2025 January Board Meeting —15' /Special Called — 24'
Day Time Meeting/Event
iIIIIII... E 1111 iiii s Dla........................................... ..................................................................... ....................
7 8:30 am WDMA Meeting
16 Leadership Wylie — Collin County — mw, mb
IIIIIIIIIIIII a ill,t aiL r i iiiiii IIIIII r Illllh°°°°°i i 1
23 5:00 pm 5:01 Chamber Professional Mixer — Glen Echo Brewing
24 8:00 am Special Called WEDC Meeting/Staffing and Compensation Committee Meeting
24 11:30 am East Side Allies Luncheon & CPKC Tour — ig, rh, cs, mb
27-28 TEDC CTED / TEEX Training, College Station — ig
29-31 ICSC Red River- Dallas — mp, hs, mw, ig, rh
2025 February Board Meeting —19tn
Day Time Meeting/Event
4 8:30 am WDMA Meeting
6 Leadership Wylie — SIMSOC — mw, mb
6 3:00 pm Bisnow — DFW 2025 Market Forecast
11 6:00 pm City Council
17-18 Legislative Trip to Austin — mp, if, bp, ly, ig
18 Project U in Burleson — rh, aw, cs
19 7:30 am WEDC Board Meeting
25 6:00 pm City Council
25 11:30 am WSNCT Empowering Excellence — Texas Motor Speedway — hs, aw
25-26 Entertainment Experience Evolution — Los Angeles — bp, ig, rh
27 Broker/Developer Tour & Event: Hidden Lakes
27 5:00 pm 5:01 Chamber Professional Mixer —The South Southern Kitchen
2025 March Board Meeting —19tn
Day Time Meeting/Event
4
8:30 am
WDMA Meeting
.�111 :
11117�� �� II
�7 rt..o �� ��i
8
�'
H. I I
I
�iuu
11
6:00 pm
City Council
13
11:30 am
Annual Employee Award Banquet
13
Leadership Wylie — Legislative Trip to Austin — mw, mb
17-21
Wylie ISD Spring Break
19
7:30 am
WEDC Board Meeting
25
6:00 pm
City Council & WEDC Annual Report
25
11:30 am
State of the City Luncheon
27
5:00 pm
5:01 Chamber Professional Mixer — Cristina's Murphy
29
5:30 pm
Boots `N Barbecue Gala — WISD Ed Foundation - Plano, TX
Around the Corner...
• P3C Conference — Dallas —April 7-9
• TEDC CTED / TEEX Training & Capstone Project, College Station — April 14-16
• Leadership Wylie — Public Safety Day —April 17
• Wylie Entrepreneur Expo — May 7 (TBD)
• ICSC — Las Vegas — May 18-20
l*Pi/o Sipi
*Pilo S
*RSVP Required
*RSVP Required
31