06-18-2025 (WEDC) Agenda Packet
P a g e | 1
Wylie Economic Development Corporation
Board Regular Meeting
June 18, 2025 – 7:30 AM
WEDC Office Conference Room - 250 South Highway 78, Wylie, Texas
75098
CALL TO ORDER
INVOCATION & PLEDGE OF ALLEGIANCE
COMMENTS ON NON-AGENDA ITEMS
Any member of the public may address Board regarding an item that is not listed on the Agenda. Members of the public must
fill out a form prior to the meeting in order to speak. Board requests that comments be limited to three minutes for an indiv idual,
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 wi ll 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 Ag enda
and will be considered separately.
A. Consider and act upon approval of Minutes from the May 28, 2025 Special Called Meeting of the WEDC
Board of Directors.
B. Consider and act upon approval of the May 2025 WEDC Treasurer's Report.
REGULAR AGENDA
1. Consider and act upon a License Agreement between the WEDC and Wylie Downtown Merchants
Association.
DISCUSSION ITEMS
DS1. Discuss issues surrounding the FY 2025-2026 WEDC Budget.
DS2. 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.
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.
1
P a g e | 2
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: 2022-1b, 2022-1c, 2023-1c, 2023-2d, 2023-8a,
2023-11b, 2024-2d, 2024-5a, 2024-5f, 2024-8d, 2024-9d, 2024-10c, 2024-12c, 2025-2a, 2025-3b, 2025-4a,
2025-4d, 2025-4e, 2025-4g, 2025-5c, 2025-5f, 2025-5g, 2025-6a, 2025-6b, 2025-6c, and 2025-6d.
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 June 13, 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
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:
2
P a g e | 3
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.
3
Minutes
Wylie Economic Development Corporation
Board of Directors Special Called Meeting
May 28, 2025 – 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 7:35 a.m. Board Members present were
Whitney McDougall, Harold Smith, and Melisa Whitehead.
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, Research Analyst Marissa Butts, and Office Manager Christy Stewart.
INVOCATION & PLEDGE OF ALLEGIANCE
Angel Wygant gave the invocation and Vice President Brininstool 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.
A. Consider and act upon approval of Minutes from April 25, 2025 Special Called Meeting of
the WEDC Board of Directors.
B. Consider and act upon approval of the April 2025 WEDC Treasurer’s Report.
Board Action
A motion was made by Whitney McDougall, seconded by Harold Smith, to approve the Consent
Agenda. A vote was taken, and the motion passed 4-0.
Vice President Brininstool moved to Discussion Items.
DISCUSSION ITEMS ______
DS1. Discussion regarding the Performance Agreement between WEDC and MLKJ Investments,
LLC.
Staff Comments
Staff discussed the project photos showing MLKJ’s progress, which are provided to them on a
weekly basis. Board Member Harold Smith provided feedback that, due to the rain, there has been
4
06/18/2025 Item A.
WEDC – Minutes
May 28, 2025
Page 2 of 4
little progress; however, dirt is still being moved on-site. Staff will continue to provide weekly project
updates as requested by the Board. Additionally, as soon as the site development prep work is
complete, a projected timeline and finish date will be shared.
DS2. Discussion regarding ICSC.
Staff Comments
Staff opened the conversation for those who attended this year’s ICSC conference. Feedback
provided indicated that it had proven to be one of the more productive ICSC conferences due to the
addition of several first-time meetings and groups interested in taking on some substantial projects.
President Dawkins arrived during Discussion Item 3 at 7:41 am.
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. Regarding real estate, staff noted that the SCSD
closing is still tied to the relocation of franchise utilities. Additionally, initial feedback was received
from the P&Z staff at the City of Wylie, indicating that adequate drainage and detention will be
required at 25 Steel Rd. Regarding BRE and workforce updates, Staff shared information from
Internship Signing Day, which involved three Wylie ISD graduates signing with Helm Dental and
possibly two more in the future. Staff reminded the Board of upcoming events, including Board &
Commission Interviews, TEDC Mid-Year Conference, Budget Work Sessions, Final Budget, and the
Wylie Championship Rodeo.
EXECUTIVE SESSION
Recessed into Closed Session at 7:47 a.m. in compliance with Section 551.001, et. seq. Texas Government
Code, to wit:
Sec. 551.071. CONSULTATION WITH ATTORNEY; CLOSED MEETING.
If A governmental body may not conduct a private consultation with its attorney except:
(1) when the governmental body seeks the advice of its attorney about:
(A) pending or contemplated litigation; or
(B) a settlement offer; or
(2) on a matter in which the duty of the attorney to the governmental body under the Texas Disciplinary
Rules of Professional Conduct of the State Bar of Texas clearly conflicts with this chapter.
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.
5
06/18/2025 Item A.
WEDC – Minutes
May 28, 2025
Page 3 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: 2022-1b, 2022-1c,
2023-1c, 2023-2d, 2023-11b, 2024-2d, 2024-5a, 2024-5f, 2024-8d, 2024-9d, 2024-12a, 2024-12c,
2025-2a, 2025-3b, 2025-4a, 2025-4b, 2025-4d, 2025-4e, 2025-4f, 2025-4g, 2025-4h, 2025-4i,
2025-5a, 2025-5b, 2025-5c, 2025-5d, 2025-5e, 2025-5f, and 2025-5g.
RECONVENE INTO OPEN SESSION
Take any action as a result of the Executive Session.
President Dawkins reconvened into Open Session at 9:41 a.m. and moved to Regular Agenda Items.
REGULAR AGENDA
1. Consider and act upon a Third Amendment to the Purchase and Sale Agreement between the
WEDC and Deft Ventures, LLC/Shadyside Land and Cattle, LLC.
Staff Comments
Staff reminded the Board of an executed Second Amendment that did not require Board approval,
which was an assignment of Deft Ventures, LLC to Shadyside Land and Cattle LLC. Staff stated that
the Third Amendment would provide them with an extension to the inspection period specified in
their contract.
Board Action
A motion was made by Whitney McDougall, seconded by Blake Brininstool, to approve a Third
Amendment to the Purchase and Sale Agreement between the WEDC and Shadyside Land and Cattle,
LLC, and further authorize the Executive Director or his designee to execute said agreement. A vote
was taken, and the motion passed 5-0.
2. Consider and act upon a Temporary Access Agreement between the WEDC and Flytrex, Inc.
Staff Comments
Staff reminded the Board that Flytrex requested the use of the WEDC-owned property located at 709
Cooper Drive for the purpose of launching a local drone delivery service and received P&Z approval
for a Special Use Permit for the same. Staff noted that the service will expand the distribution radius
for retail/restaurants. Staff noted that the Temporary Access Agreement will still allow the WEDC
to control the property, as it is not a lease, and will generate monthly rental income.
Board Action
A motion was made by Blake Brininstool, seconded by Harold Smith, to approve a Temporary
Access Agreement between the WEDC and Flytrex, Inc., and further authorize the Executive
Director or his designee to execute said agreement. A vote was taken, and the motion passed 5-0.
FUTURE AGENDA ITEMS
There were no Items requested for inclusion on future agendas.
ADJOURNMENT
6
06/18/2025 Item A.
WEDC – Minutes
May 28, 2025
Page 4 of 4
With no further business, President Dawkins adjourned the WEDC Board meeting at 9:45 a.m.
__________________________________
Demond Dawkins, President
ATTEST:
__________________________________
Jason Greiner, Executive Director
7
06/18/2025 Item A.
Wylie Economic Development
Board
AGENDA REPORT
Meeting Date: June 18, 2025 Item Number: B
Prepared By: Jason Greiner
Subject
Consider and act upon approval of the May 2025 WEDC Treasurer’s Report.
Recommendation
Motion to approve the May 2025 WEDC Treasurer’s Report.
Presented for the Board’s review and approval is the May 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.
REVENUES:
Sales Tax Revenue earned in February and allocated in May was $471,458.46, an increase of 5.08% over the same period
in 2024. YTD sales tax revenues as of May are up 7.07%.
EXPENSES:
Special Services - Infrastructure
$305,582.51 Tiseo – FM 544 Gateway– Pay App 10
$124,499.12 Reeder Concrete, Inc. – Hwy 78 & Brown– Pay App 9 (Final Payment)
Engineering/Architectural
$15,255.68 Kimley Horn & Associates – FM 544 Gateway & General Engineering
Incentives
$650,000 CLF II LI Wylie Owner – Incentive #2 of 2
Advertising
$10,350 Speak Loud Group, LLC – Dine Shop Play Texas & Social Media Management
8
06/18/2025 Item B.
6/13/2025 11:32:06 AM Page 1 of 4
May Rev/Exp Report
Account Summary
For Fiscal: 2024-2025 Period Ending: 05/31/2025
471,458.46
4,990,217.00
Category: 400 - Taxes Total:
471,458.46 -2,491,194.462,499,022.54 49.92 %
4,990,217.00 4,990,217.00
3,694,374.38
2,807.68 0.00
-3,195,436.24
9,228,547.00
156,884.98 33.34 %
0.00
9,228,547.00
470,558.40 313,673.4258,479.96
77.54 %-3,195,936.24
4,126,330.00
59.97%
SALARIES
498,931.51
470,558.40
4,126,330.00
111-5611-51140
400.00
925,593.76
930,893.76
Revenue Total:
77.44%
-5,534,172.62
Expense
Category: 510 - Personnel Services
111-5611-51110
LONGEVITY PAY 2,807.68
Category: 480 - Miscellaneous Income Total:
62.69 %
111-5611-51440
111-5611-51420
49,838.43
FICA
9,222.3374,649.83
HOSPITAL & LIFE INSURANCE 79,943.76
649.62
29,348.70
TMRS
29,348.70
111-5611-51310
3,442.54
79,943.76 34.91 %
5.12 %
33.24 %
6,505.41
143.68
27,911.52111-5611-51410 52,032.24
1,741.07
24,811.40
2,664.00
1,741.07 82.41
74,649.83
LONG-TERM DISABILITY 1,091.45
400.00 100.00 102.08 %
MISCELLANEOUS INCOME
112,000.00
0.00
27,073.05
2,499,022.54
152,458.08
0.00
111-4000-48110
236.12 %
Category: 460 - Interest Income Total:
111-4000-46110 ALLOCATED INTEREST EARNINGS
112,000.00
RENTAL INCOME 4,900.004,800.00
111-4000-48410
112,000.00 27,073.05 264,458.08
152,458.08
-2,491,194.46 49.92%
Category: 460 - Interest Income
112,000.00
136.12%
Category: 480 - Miscellaneous Income
264,458.08
4,800.00
0.00
GAIN/(LOSS) SALE OF CAP ASSETS 4,121,530.00
400.00 400.00 0.00 %
111-4000-48430 4,121,530.00
Variance
Favorable
(Unfavorable)
Period
AcƟvity
Fiscal
AcƟvity Remaining
4,990,217.00SALES TAX
Fund: 111 - WYLIE ECONOMIC DEVEL CORP
Revenue
Category: 400 - Taxes
Original
Total Budget
Current
Total Budget
Percent
111-4000-40210
111-5611-56250 67,779.20
111-5611-56310
91,053.00
25.00 %
32.69 %
DUES & SUBSCRIPTIONS 91,053.00
95,500.00
25.56 %
680.15 10.00 %
111-5611-56510 53,000.00
6,800.00
TRAVEL & TRAINING
6,750.00
111-5611-56210
1,194.17
0.00
5,361.15 64,278.91
INSURANCE 6,800.00
AUDIT & LEGAL SERVICES
6,119.85
53,000.00 0.00
31,221.09
16,944.20
23,273.80
95,500.00
738,162.52
2,400.00 1,133.21
36,055.80
86.30 %
1,266.79
68.03 %
855,300.00855,300.00
0.00
111-5611-56570
2,400.00 52.78 %
117,137.4815,255.68
111-5611-56610
ENGINEERING/ARCHITECTURAL
UTILITIES-ELECTRIC
74,450.00
85.61 %SPECIAL SERVICES-REAL ESTATE
226,125.00
5,267.39
111-5611-56042 432,801.63SPECIAL SERVICES-INFRASTRUCTUR 35.05 %
111-5611-56080
60,783.9971,000.00
ADVERTISING 226,125.00 13,845.47
3,690.96
3,161,598.739,020,667.00
94,070.78
111-5611-56041
58.40 %
10,216.01
42,884.19 50.86 %
71,000.00
5,859,068.27
44,385.81
9,020,667.00
132,054.22
111-5611-56090 COMMUNITY DEVELOPMENT 74,450.00
111-5611-56180 27,000.00RENTAL
7,900.00
27,724.73
53.95 %
27,000.00
4,262.23
2,250.00
46,725.27
521.18 3,637.77111-5611-56110
62.76 %
20,250.00
COMMUNICATIONS 7,900.00
1,889.58
59.23%
111-5611-52040 25.38 %
Category: 520 - Supplies Total:
Category: 540 - Materials for Maintenance
392.98
FURNITURE & FIXTURES 2,500.00
74.60 %
3,000.00
111-5611-54610 2,500.00
300.00300.00
0.00
425.47
1,270.12 3,729.88
76.15223.850.00
111-5611-52810 1,110.42FOOD SUPPLIES 3,000.00 37.01 %
8,300.00 3,383.55
POSTAGE & FREIGHT
8,300.00 4,916.45
1,975.00
1,741,250.00
0.00
823,250.00
SPECIAL SERVICES
Category: 560 - Contractual Services
87,270.00 87,270.00
111-5611-54810
10,150.00 80.54%10,150.00
1,741,250.00 650,000.00 47.28 %
111-5611-56040
INCENTIVES
8,175.00
111-5611-56030
499.19
100.00 %
7,650.00 74.18 %
2,500.00
7,650.00COMPUTER HARD/SOFTWARE
0.00
0.00
1,975.00
5,675.00
Category: 540 - Materials for Maintenance Total:
918,000.00
805.09 37.58 %
994.07
18,321.12
0.00
UNEMPLOYMENT COMP (TWC)270.00
111-5611-51450
585.00
2,579.10
1,175.06
11,027.58
46.15 %
Category: 510 - Personnel Services Total:667,673.31
WORKERS COMP PREMIUM
667,492.32 78,537.74
111-5611-51470
37.57 %
442,953.60
585.00
6,863.81 4,284.71
1,175.06 0.00
0.00
MEDICARE
315.00111-5611-51480
0.00 %
6,863.81
33.66%
OFFICE SUPPLIES 5,000.00
Category: 520 - Supplies
111-5611-52010 5,000.00 32.49
224,719.71
9
06/18/2025 Item B.
Budget Report For Fiscal: 2024-2025 Period Ending: 05/31/2025
6/13/2025 11:32:06 AM Page 2 of 4
Variance
Favorable
(Unfavorable)
Category: 570 - Debt Service & Capital Replacement
5,110,470.40Category: 560 - Contractual Services Total:7,249,244.6012,359,715.00
606,744.04 31.77 %
Original
Total Budget
Fiscal
AcƟvity
1,130,686.82
413,974.6152,369.04 192,769.43
111-5611-57415
Current
Total Budget
625,253.60 625,253.60
41.35%
50,297.43
12,359,715.00
Period
AcƟvity
INTEREST EXPENSE 407,357.15
Remaining
Percent
PRINCIPAL PAYMENT 606,744.04
217,896.45
111-5611-57410
34.85 %
Category: 570 - Debt Service & Capital Replacement Total:1,231,997.64
44.24%
-813,384.99
1,231,997.64 821,331.76
0.00 0.00 1,000,000.00 100.00 %
1,000,000.00
111-5611-58110
102,666.47
15,277,654.96
LAND-PURCHASE PRICE
100.00%0.00
410,665.88
15,277,835.95
33.33%
1,000,000.00
Expense Total:
0.001,000,000.00
1,000,000.00
8,518,888.51 6,758,947.44
Category: 580 - Capital Outlay
Fund: 111 - WYLIE ECONOMIC DEVEL CORP Surplus (Deficit):
1,312,316.50
1,000,000.00Category: 580 - Capital Outlay Total:
-6,049,107.96 -6,049,288.95 -4,824,514.13
-6,049,107.96 1,224,774.82 20.25%-6,049,288.95 -813,384.99
20.25%
Report Surplus (Deficit):
1,224,774.82
-4,824,514.13
10
06/18/2025 Item B.
Budget Report For Fiscal: 2024-2025 Period Ending: 05/31/2025
6/13/2025 11:32:06 AM Page 3 of 4
Group Summary
-6,049,107.96
20.25%
Report Surplus (Deficit):-6,049,288.95
Fund: 111 - WYLIE ECONOMIC DEVEL CORP Surplus (Deficit):-6,049,107.96 -6,049,288.95 -813,384.99 -4,824,514.13 1,224,774.82
44.24%
0.00
15,277,654.96
580 - Capital Outlay
15,277,835.95
100.00%
1,312,316.50 8,518,888.51 6,758,947.44Expense Total:
1,000,000.00 1,000,000.00 1,000,000.00
33.33%410,665.88
0.00
821,331.76
540 - Materials for Maintenance
7,249,244.60
0.00 8,175.00
3,383.55 4,916.45 59.23%
560 - Contractual Services 12,359,715.00 5,110,470.40
10,150.00
425.47
41.35%
80.54%
8,300.00
1,975.00
12,359,715.00
570 - Debt Service & Capital Replacement 1,231,997.64 1,231,997.64 102,666.47
1,130,686.82
10,150.00
8,300.00
Revenue Total:
264,458.08
400.00 77.44%
9,228,547.00
49.92%
112,000.00 152,458.08
4,126,330.00 -3,195,436.24
498,931.51
930,893.76
510 - Personnel Services
112,000.00
667,492.32 78,537.74
460 - Interest Income
442,953.60
27,073.05 136.12%
480 - Miscellaneous Income 4,126,330.00
9,228,547.00
Expense
224,719.71 33.66%
59.97%3,694,374.38
667,673.31
-5,534,172.62
520 - Supplies
471,458.464,990,217.00 2,499,022.54 -2,491,194.46
Period
AcƟvity
Fiscal
AcƟvityCategory Remaining
Fund: 111 - WYLIE ECONOMIC DEVEL CORP
Revenue
Current
Total Budget
PercentOriginal
Total Budget
Variance
Favorable
(Unfavorable)
400 - Taxes 4,990,217.00
20.25%-813,384.99 1,224,774.82-4,824,514.13
11
06/18/2025 Item B.
Budget Report For Fiscal: 2024-2025 Period Ending: 05/31/2025
6/13/2025 11:32:06 AM Page 4 of 4
P
Fund Summary
Fiscal
AcƟvity
Original
Total BudgetFund
-6,049,107.96
-6,049,107.96
Report Surplus (Deficit):
111 - WYLIE ECONOMIC DEVEL
Variance
Favorable
(Unfavorable)
-6,049,288.95 -4,824,514.13 COR 1,224,774.82
-813,384.99-6,049,288.95
Current
Total Budget
Period
AcƟvity
-813,384.99
-4,824,514.13 1,224,774.82
12
06/18/2025 Item B.
Wylie Economic Development Corporation
Statement of Net Position
As of May 31, 2025
Assets
Cash and cash equivalents 9,411,682.38$
Receivables 684,000.00$ Note 1
Inventories 14,063,964.34$
Prepaid Items -$
Total Assets 24,159,646.72$
Deferred Outflows of Resources
Pensions 84,397.55$
Total deferred outflows of resources 84,397.55$
Liabilities
Accounts Payable and other current liabilities 416,248.85$
Unearned Revenue 1,200.00$ Note 2
Non current liabilities:
Due within one year 274,120.35$ Note 3
Due in more than one year 14,482,701.43$
Total Liabilities 15,174,270.63$
Deferred Inflows of Resources
Pensions (8,542.41)$
Total deferred inflows of resources (8,542.41)$
Net Position
Net investment in capital assets -$
Unrestricted 9,061,231.23$
Total Net Position 9,061,231.23$
Note 1: Includes incentives in the form of forgivable loans for $34,000 (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
13
06/18/2025 Item B.
6/13/2025 11:31:30 AM Page 1 of 3
Balance Sheet
Account Summary
As Of 05/31/2025
Account Name Balance
Fund: 111 - WYLIE ECONOMIC DEVEL CORP
Assets
111-1000-10110 CLAIM ON CASH AND CASH EQUIV. 9,409,682.38
111-1000-10115 CASH - WEDC - INWOOD 0.00
111-1000-10135 ESCROW 0.00
111-1000-10180 DEPOSITS 2,000.00
111-1000-10198 OTHER - MISC CLEARING 0.00
111-1000-10341 TEXPOOL 0.00
111-1000-10343 LOGIC 0.00
111-1000-10481 INTEREST RECEIVABLE 0.00
111-1000-11511 ACCTS REC - MISC 0.00
111-1000-11517 ACCTS REC - SALES TAX 0.00
111-1000-12810 LEASE PAYMENTS RECEIVABLE 0.00
111-1000-12950 LOAN PROCEEDS RECEIVABLE 0.00
111-1000-12996 LOAN RECEIVABLE 0.00
111-1000-12997 ACCTS REC - JTM TECH 0.00
111-1000-12998 ACCTS REC - FORGIVEABLE LOANS 684,000.00
111-1000-14112 INVENTORY - MATERIAL/ SUPPLY 0.00
111-1000-14116 INVENTORY - LAND & BUILDINGS 14,063,964.34
111-1000-14118 INVENTORY - BAYCO/ SANDEN BLVD 0.00
111-1000-14310 PREPAID EXPENSES - MISC 0.00
111-1000-14410 DEFERRED OUTFLOWS 152,000.00
24,311,646.72Total Assets:24,311,646.72
Liability
111-2000-20110 FEDERAL INCOME TAX PAYABLE 0.00
111-2000-20111 MEDICARE PAYABLE 0.00
111-2000-20112 CHILD SUPPORT PAYABLE 0.00
111-2000-20113 CREDIT UNION PAYABLE 0.00
111-2000-20114 IRS LEVY PAYABLE 0.00
111-2000-20115 NATIONWIDE DEFERRED COMP 0.00
111-2000-20116 HEALTH INSUR PAY-EMPLOYEE 5,465.32
111-2000-20117 TMRS PAYABLE 220.67
111-2000-20118 ROTH IRA PAYABLE 0.00
111-2000-20119 WORKERS COMP PAYABLE 0.00
111-2000-20120 FICA PAYABLE 0.00
111-2000-20121 TEC PAYABLE 0.00
111-2000-20122 STUDENT LOAN LEVY PAYABLE 0.00
111-2000-20123 ALIMONY PAYABLE 0.00
111-2000-20124 BANKRUPTCY PAYABLE 0.00
111-2000-20125 VALIC DEFERRED COMP 0.00
111-2000-20126 ICMA PAYABLE 0.00
111-2000-20127 EMP. LEGAL SERVICES PAYABLE 0.00
111-2000-20130 FLEXIBLE SPENDING ACCOUNT 6,286.04
111-2000-20131 EDWARD JONES DEFERRED COMP 0.00
111-2000-20132 EMP CARE FLITE -3.00
111-2000-20133 Unemployment Comp Payable 13.70
111-2000-20151 ACCRUED WAGES PAYABLE 0.00
111-2000-20180 ADDIT EMPLOYEE INSUR PAY 49.46
111-2000-20199 MISC PAYROLL PAYABLE 0.00
111-2000-20201 AP PENDING 0.00
111-2000-20210 ACCOUNTS PAYABLE 0.00
111-2000-20530 PROPERTY TAXES PAYABLE 0.00
111-2000-20540 NOTES PAYABLE 152,000.00
111-2000-20610 RETAINAGE PAYABLE 404,216.66
14
06/18/2025 Item B.
Balance Sheet As Of 05/31/2025
6/13/2025 11:31:30 AM Page 2 of 3
Account Name Balance
111-2000-20810 DUE TO GENERAL FUND 0.00
111-2000-22270 DEFERRED INFLOW 0.00
111-2000-22275 DEF INFLOW - LEASE PRINCIPAL 0.00
111-2000-22280 DEFERRED INFLOW - LEASE INT 0.00
111-2000-22915 RENTAL DEPOSITS 1,200.00
569,448.85Total Liability:
Equity
111-3000-34110 FUND BALANCE - RESERVED 0.00
111-3000-34590 FUND BALANCE-UNRESERV/UNDESIG 28,566,712.00
28,566,712.00Total Beginning Equity:
3,694,374.38Total Revenue
8,518,888.51Total Expense
-4,824,514.13Revenues Over/Under Expenses
Total Liabilities, Equity and Current Surplus (Deficit):24,311,646.72
23,742,197.87Total Equity and Current Surplus (Deficit):
15
06/18/2025 Item B.
Balance Sheet As Of 05/31/2025
6/13/2025 11:31:30 AM Page 3 of 3
Account Name Balance
Fund: 922 - GEN LONG TERM DEBT (WEDC)
Assets
0.00Total Assets:0.00
Liability
922-2000-28248 GOVCAP LOAN/SERIES 2022 7,281,368.05
7,281,368.05Total Liability:
Total Liabilities, Equity and Current Surplus (Deficit):7,281,368.05
0.00Total Equity and Current Surplus (Deficit):
*** FUND 922 OUT OF BALANCE ***-7,281,368.05
***Warning: Account AuthorizaƟon is turned on. Please run the Unauthorized Account LisƟng Report to see if you are out of balance due to missing
16
06/18/2025 Item B.
MONTH FY 2022 FY 2023 FY 2024 FY 2025
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$ 602,324.24$ 336,832.30$ 126.87%
MARCH 305,605.50$ 313,686.17$ 577,757.71$ 329,048.32$ (248,709.40)$ -43.05%
APRIL 265,773.80$ 310,050.94$ 341,335.06$ 322,976.93$ (18,358.13)$ -5.38%
MAY 401,180.20$ 434,878.33$ 448,671.55$ 471,458.46$ 22,786.91$ 5.08%
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$ 4,611,795.64$ 4,874,240.18$ 2,499,022.53$ 97,085.50$ 7.07%
Total 4,161,281.96$ 4,611,795.64$ 4,874,240.18$ 2,499,022.53$ 97,085.50$ 7.07%
*** Sales Tax collections typically take 2 months to be reflected as Revenue. SlsTx receipts are then accrued back 2 months.
Example: May SlsTx Revenue is actually March SlsTx and is therefore the 6th allocation in FY25.
DIFF
24 vs. 25
% DIFF
24 vs. 25
Wylie Economic Development Corporation
SALES TAX REPORT
May 31, 2025
BUDGETED YEAR
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000
WEDC Sales Tax Analysis
2024
2025
17
06/18/2025 Item B.
PERFORMANCE AGREEMENTS FY 2025 FY 2026 FY 2027 FY 2028 FY 2029
AMERICAN ENTITLEMENTS II 35,000.00$ 12,000.00$ -$ -$ -$ -$ -$ 23,000.00$ 35,000.00$
AXL 65,000.00$ 5,000.00$ -$ -$ -$ -$ -$ 46,500.00$ 51,500.00$
GLEN ECHO BREWING 100,000.00$ 30,000.00$ 20,000.00$ -$ -$ -$ 20,000.00$ 50,000.00$ 100,000.00$ A
MLKJ 80,000.00$ -$ 40,000.00$ 40,000.00$ -$ -$ 80,000.00$ -$ 80,000.00$ B
CLF II LI WYLIE (LOVETT)1,300,000.00$ 650,000.00$ -$ -$ -$ -$ -$ 650,000.00$ 1,300,000.00$
PHOENIX ASCENDING -$ -$ -$ -$ -$ -$ -$ -$ -$ C
SANDEN INTERNATIONAL 500,000.00$ 200,000.00$ -$ -$ -$ -$ -$ 300,000.00$ 500,000.00$
SANDS PHARMACY 40,000.00$ 40,000.00$
2,120,000.00$ 937,000.00$ 60,000.00$ 40,000.00$ -$ -$ 100,000.00$ 1,069,500.00$ 2,066,500.00$
Deferred Outflow 152,000.00$
A. 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.
B. Performance Agreeement ($80,000) and Forgiveable Land Grant ($200,000 forgiven over 3 years). $50,000 CO & $50,000/year in 2027, 2028, & 2029.
C. Forgiveable Land Grant ($450,000 forgiven over 4 years). $112,500 CO & $112,500/year in 2026, 2027, & 2028.
Wylie Economic Development Corporation
PERFORMANCE AGREEMENT REPORT
May 31, 2025
TOTAL
INCENTIVE
REMAINING
AFTER
CURRENT FY
PREVIOUS FY
PAYMENTS
TOTAL
INCENTIVE
18
06/18/2025 Item B.
Wylie Economic Development
Board
AGENDA REPORT
Meeting Date: June 18, 2025 Item Number: 1
Prepared By: Jason Greiner
Subject
Consider and act upon a License Agreement between the WEDC and Wylie Downtown Merchants Association.
Recommendation
Motion to approve a License Agreement between the WEDC and Wylie Downtown Merchants and further authorizing
the WEDC Executive Director to execute said Agreement.
Discussion
As the Board will recall, on January 24, 2025, the Wylie Economic Development Corporation (WEDC) approved a
comprehensive website overhaul and rebranding initiative in the amount of $108,925. This investment supports the
redevelopment of the City’s primary destination marketing assets: Discover Wylie and Historic Downtown Wylie.
In collaboration with the City of Wylie, the Wylie Downtown Merchants Association (WDMA), and community
stakeholders, WEDC recognizes the importance of taking a proactive and strategic approach to up dating these critical
marketing platforms. The initiative aims to strengthen Wylie’s position as a premier destination for residents, visitors,
and businesses by delivering a modern, cohesive, and user-friendly digital presence.
To formalize this ongoing collaboration, WEDC and WDMA have developed a Mutual Trademark and Website License
Agreement. The agreement outlines the joint use, co-management, and eventual transfer of ownership of each entity’s
respective brand, “Discover Wylie” and “Historic Downtown Wylie”, while supporting shared goals related to tourism,
business promotion, and downtown revitalization. This effort enhances Wylie’s ability to promote economic development
and tourism by aligning digital strategies and brand identities, increasing vis ibility, and reinforcing the community’s
unique character.
Mutual Trademark License: for “Historic Downtown Wylie” brand & “Discover Wylie” brand.
Website Management: Design, host, and maintain new websites.
Marketing Partnership: Both parties agree to jointly promote key initiatives such as tourism campaigns,
influencer marketing, podcasts, and business spotlights.
Term and Ownership Transfer: Initial five (5) year term (with 5-year auto-renewal if needed).
Financial Consideration: WEDC will fund ongoing website management and development costs, estimated at
approximately $35,000 annually, for both brands. Ongoing marketing and outreach efforts are considered in-
kind and jointly supported by both organizations.
19
06/18/2025 Item 1.
Wylie Economic Development
Board
AGENDA REPORT
Meeting Date: June 18, 2025 Item Number: DS1
Prepared By: Jason Greiner (Staff Use Only)
Subject
Discuss issues surrounding the FY 2025-2026 WEDC Budget.
Recommendation
No action is requested by staff for this item.
Discussion
FY 25-26 Budget Preparation- Notable Dates:
May 12th WEDC Budget Committee Meeting
June 12th WEDC Budget Committee Meeting - Postponed
June 18th June WEDC Board Meeting (WEDC Budget Review)
July 8th Budget Work Session with City Council (All Funds)
July 17th July WEDC Board Meeting (WEDC Budget Approval)
July 22rd Final Budget Work Session with City Council
August 5th Proposed Budget Available to the Public and Filed with the City Secretary
August 26th Public Hearing of FY 2025 Budget/Adopt Budget
Staff would like to schedule at least one more Budget Committee Meeting prior to the July 8th Work Session to review
and discuss the FY 2025-2026 WEDC Budget.
Staff and the Budget Committee will provide an overview of the FY 2025-2026 WEDC Budget.
20
06/18/2025 Item DS1.
Wylie Economic Development
Board
AGENDA REPORT
Meeting Date: June 18, 2025 Item Number: DS2
Prepared By: Jason Greiner
Subject
Staff report: WEDC Property Update, Temporary Access Agreements, Downtown Parking, Engineering Report,
Upcoming Events, and WEDC Activities/Programs.
Recommendation
No action is requested by staff on this item.
Discussion
WEDC Property Update:
Property Management
Staff have continued working with contractors to ensure that mowing and maintenance of trees on WEDC
properties are taking place.
WEDC is in the resolution process regarding a complaint concerning property maintenance at 401 Keefer.
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.
Pending Real Estate Agreements
Lot 1 of 544 Gateway: Shadyside Land and Cattle/Deft Ventures - Inspection Period Expiration: 9-11-25; Closing
Date: 10-11-25
Lot 2 of 544 Gateway: SCSD –Closing Date: TBD
25 Steel Road: Aktrian Holdings – Feasibility Exp: 7-14-25; Closing Date: 8-13-25
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.
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.
Staff have repeatedly attempted to resolve overhead fiber-optic lines owned by Optimum, AT&T, and Wylie
ISD. Capco has been engaged for the relocation of the Wylie ISD Fiber and the subsequent lines can be moved
following that relocation. Capco has advised that they will be onsite to complete the job as soon as the ground is
dry.
KH approved the retaining wall pedestrian rail submittal.
Additional storm sewer plan sheet to be approved by the City prior to being sent to Tiseo.
KH preparing Lot 3 parking lot OPCC.
21
06/18/2025 Item DS2.
Next project coordination meeting: 6/26/25
Downtown Parking and Drainage/Union Pacific Coordination
The survey documentation that Union Pacific has requested has been provided.
KH waiting on the City of Wylie downtown project for the regional drainage solution.
KH preparing OPCC for parking options.
Design & Engineering - Cooper Plaza - State Hwy 78 & Brown
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.
Ongoing coordination over drainage concern at drive connection to Marble.
RFI #14 power pole coordination ongoing by WEDC.
The projected completion date is 7/28/25 (7-11 is anticipated to open in Sept/Oct).
Next project coordination meeting: 6/26/25
Flood Study & Drainage Study- Hooper/Steel/Regency Business Park (KH)
Existing storm sewer analysis is complete.
KH is preparing an updated IPO for the final design of the RBP 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.
Jackson Avenue Development
Jackson/Oak/Marble parking exhibit and downtown sidewalk exhibits have been completed.
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 sale/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.
Atmos has provided the final document for execution. Staff sent a copy of Lot 3 and Lot 4 easements for filing
with the county and provided the originals to Atmos. Lot 1 paperwork is to be completed by the current property
owner and provided to Atmos.
FM 544 Corridor Master Plans
KH kicked off survey and performing record drawing research.
Atmos Gas Main Extension- N Hwy 78
A contract has been signed with MasTec.
MasTec is awaiting the final construction package from Atmos and is scheduled to begin construction on June
30th. Once begun, the project is expected to be completed within 3 weeks.
WEDC General Engineering
KH finalizing Brown/Keefer updated concept plan.
22
06/18/2025 Item DS2.
BRE & Workforce Updates:
1 BRE visit was conducted in May.
Attended the ceremony for the first graduating class of the Raytheon Apprenticeship program. The second cohort
has begun.
Attended Internship Signing Ceremony and CTE Advisory Meeting. Helm Dental Laboratories signed three ISD
CTE interns from CAD & robotics disciplines.
Met with two local businesses about support for expansion activities.
Additional WEDC Activities/Programs in Review:
Ongoing efforts toward social media, Discover Wylie, and Social Media Rescue for local businesses.
Preliminary designs have been approved, and the staging environment is currently being set up to start work for
the refreshing of the existing Discover Wylie website. The improvements to the existing website will allow for
an easier transition of the Historic Downtown Wylie layer into the new DW website.
Ongoing meetings and discussions with real estate developers, contractors, and property owners continue.
Worked with legal regarding ongoing real estate projects and performance agreements.
Staff and Board attended Taste of Wylie (WM, HS, DD, RH, AW, MB, CS)
Staff attended the Chamber Leadership Luncheon (MW, RH, AW, MB)
Staff and Board assisted the Chamber with delivering popcorn for Small Business Week (MW, AW, CS)
Staff attended the Small Business Week Reception – Party on the Patio (JG, AW, CS)
Staff and Board attended the CCBA State of the Business Luncheon (MW, AW)
Staff participated in weekly TEDC Legislative Committee meetings (CS)
Staff and Board attended ICSC Las Vegas (MP, BP, MW, JG, RH)
Staff attended Annual CTE Signing Day & Advisory Meeting (AW, CS)
Staff attended TEDC’s Peer Roundtable: BRE & Supplier Relationships via Zoom (AW, CS)
Staff attended the Savage – 50 Years Celebration (AW, CS)
Sales tax revenues for June are up 2.89%. YTD sales tax revenues are up 7.31%.
Committee Updates:
Budget Committee members have met to discuss an overview of the proposed FY26 Budget.
Upcoming Events:
TEDC Mid-Year Conference – June 18-20
Juneteenth Holiday: WEDC Offices Closed – June 19 (Staff Attending TEDC Conference)
Board and Commission Outgoing Reception/Swear-In/Joint ES with City Council – June 24
Whisker Wishes/In-Sync Exotics Gala – June 28
Budget Work Session with City Council – July 8
WISD New Teacher Luncheon – July 22
Final Budget Work Session with City Council – July 22
Wylie Championship Rodeo – September 12-13
Please see the attached Marketing Calendar for the full list of upcoming events.
23
06/18/2025 Item DS2.
2025 May Board Meeting – 28th
1 7:07 am Collin County Prayer Breakfast – rh, ts
4-10 National Small Business Week
5 11:00 am Taste of Wylie
6 8:30 am WDMA Meeting
11-17 Economic Development Week
13 6:00 pm City Council – Econ Dev Week Recognition
14 11:30 am CCBA - State of the Business – mw, aw
15 Leadership Wylie – History of Wylie/Public Works – mw, mb
19-21 ICSC 2025 Las Vegas – Las Vegas – mp, bp, dd, mw, jg, rh
20 1:00 pm Internship Signing Day
22 5:01 pm 5:01 PM Professional Networking – The Brass Tap
26 CLOSED Memorial Day Holiday – Office Closed
27 6:00 pm City Council
27 11:30 am Chamber of Commerce Leadership Wylie Luncheon & Graduation – mw, rh, aw, mb
28 7:30 am WEDC – Special Called Board Meeting
28-29 Board & Commission Interviews
31 Bluegrass on Ballard - Historic Downtown Wylie/Olde City Park
2025 June Board Meeting – 18th
Day Time Meeting/Event
3 8:30-9:30 am WDMA Meeting
6 9:00-5:00 pm Chamber – 5th Annual East Collin County Women’s Conference
11 6:00 pm City Council
14 10 – 3:00 pm Wylie 5th Annual Juneteenth Celebration – Olde City Park
18 7:30 am WEDC- Board Meeting
18-20 TEDC Mid-Year Conference – Rockwall, TX – jg, rh, mb, cs
19 CLOSED Juneteenth Holiday – Office Closed
23-25 IEDC Rural Retreat – Great Falls, Montana
24 6:00 pm City Council - Board and Commission Reception/New Member Swear-in/Joint ES
26 5:01 pm 5:01 PM Professional Networking – Napoli’s East Plano
28 6:00 pm Whisker Wishes- In-Sync Exotics Gala- Boyd Farm *RSVP Required
2025 July Board Meeting – 17th
Day Time Meeting/Event
1 8:30-9:30 am WDMA Meeting
4 CLOSED 4th of July Independence Day Holiday- Office Closed
8 6:00 pm City Council/WEDC Budget Work Session
15-16 CSEF Conference – Arlington, TX
16 7:30 am WEDC- Board Meeting
22 6:00 pm City Council/ Final Budget Work Session with Council
22 11:30 am Chamber – WISD New Teacher Luncheon
24 5:01-7:00 pm 5:01 PM Professional Mixer – The Brass Tap - Sachse
Around the Corner…
SEDC Annual Conference – Aug 10-12
Retail Live – Austin – Sept 4
BEDC - Oct 7-10
TEDC Sales Tax Training – Oct 17
24
06/18/2025 Item DS2.