07-16-2025 (WEDC) Agenda Packet
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Wylie Economic Development Corporation
Board Regular Meeting
July 16, 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 June 18, 2025 Regular Meeting of the WEDC Board of
Directors.
B. Consider and act upon approval of the June 2025 WEDC Treasurer's Report.
REGULAR AGENDA
1. Consider and act upon a Second Amendment to the Purchase and Sale Agreement between the WEDC and
Aktrian Holdings LLC.
2. Consider and act upon a Second Amendment to the Performance Agreement between the WEDC and Phoenix
Ascending Investments, LLC.
3. Consider and act upon a License Agreement between the WEDC and Wylie Downtown Merchants
Association.
4. Consider and act upon the approval of the FY 2025-2026 WEDC Budget.
DISCUSSION ITEMS
DS1. Discussion regarding the Performance Agreement between WEDC and MLKJ Investments, LLC.
DS2. Discuss issues surrounding WEDC loans.
DS3. Staff report: WEDC Property Update, Temporary Access Agreements, Downtown Parking, Engineering
Report, Upcoming Events, and WEDC Activities/Programs.
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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.
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, 2025-5b, 2025-5c, 2025-5f, 2025-5g, 2025-6a, 2025-6b, 2025-6c, 2025-6d,
2025-6e, 2025-6f, 2025-6g, 2025-7a, 2025-7b, 2025-7c, 2025-7d and 2025-7e.
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 July 11, 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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Minutes
Wylie Economic Development Corporation
Board of Directors Special Called Meeting
June 18, 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
President Demond Dawkins called the meeting to order at 7:32 a.m. Board Members present were 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
Rachael Hermes gave the invocation, and Harold Smith led the Pledge of Allegiance.
COMMENTS ON NON-AGENDA ITEMS
With no citizen participation, President Dawkins 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 the May 28, 2025 Regular Meeting of the
WEDC Board of Directors.
B. Consider and act upon approval of the May 2025 WEDC Treasurer’s Report.
Board Action
A motion was made by Melisa Whitehead, seconded by Harold Smith, to approve the Consent
Agenda. A vote was taken, and the motion passed 3-0.
President Dawkins moved to Discussion Item 2.
DISCUSSION ITEMS ______
DS2. Staff report: WEDC Property Update, Temporary Access Agreements, Downtown Parking,
Engineering Report, Upcoming Events, and WEDC Activities/Programs.
4
07/16/2025 Item A.
WEDC – Minutes
June 18, 2025
Page 2 of 4
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 MLKJ is
continuing to work on the foundation but has been delayed more than expected due to the amount of
rain. Additionally, Shadyside Land and Cattle, formerly known as Deft Ventures, is currently seeking
permits through TDLR and is prepared for their Pre-Construction Meeting, with an anticipated
closing date within the next 30-45 days. Staff also noted that SCSD is continuing to wait for Capco
to complete the line relocation before they can proceed, and Aktrian Holding’s feasibility expiration
is approaching and may require a second extension. Regarding BRE and workforce updates, Staff
shared information on a possible expansion for two businesses. Staff reminded the Board of
upcoming events, including the TEDC Mid-Year Conference, the Board and Commission Outgoing
Reception and Swear-in, a Council Meeting with Joint Executive Session, Whisker Wishes, Budget
Work Sessions, and the Wylie Championship Rodeo. Staff noted a 2.89% increase in sales tax
revenues for the month of June and a 7.31% increase for the year.
EXECUTIVE SESSION
Recessed into Closed Session at 7:44 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.
(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.
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 of the Executive Session.
President Dawkins reconvened into Open Session at 9:46 a.m. and the Board took the following actions:
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07/16/2025 Item A.
WEDC – Minutes
June 18, 2025
Page 3 of 4
Board Action
A motion was made by Melisa Whitehead, seconded by Harold Smith, to authorize the WEDC to enter into
a Performance Agreement with Project 2024-2d in an amount not to exceed $600,000, subject to council
approval. A vote was taken and the motion passed 3-0.
Board Action
A motion was made by Melisa Whitehead, seconded by Harold Smith, to authorize the sale of Lot 5R,
Block A, 544 Gateway Addition, a 2.87-acre lot located in the City of Wylie in the amount of $625,000.00
(with $200,000 cash to close and a $425,000 promissory note) further authorizing the WEDC Board
President or his designee to execute all documentation necessary to effectuate the transaction. A vote was
taken and the motion passed 3-0.
President Dawkins then moved to Regular Agenda Item 1.
REGULAR AGENDA
1. Consider and act upon a License Agreement between the WEDC and Wylie Downtown
Merchants Association.
Staff Comments
Staff reminded the Board that the WEDC approved a rebrand for the Discover Wylie and Downtown
Wylie websites on January 24, 2025. Staff noted that the License agreement will include: a Mutual
Trademark License for the “Historic Downtown Wylie” and “Discover Wylie” brands ; Website
Management (Includes the design, hosting, and maintenance of 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); and 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.
The Board requested additional clarity to be incorporated within the agreement regarding the
expectations pertaining to the KPI’s and additional language to avoid ambiguity and ensure the
agreement has defined terms and a clear endpoint.
Board Action
A motion was made by Harold Smith, seconded by Melisa Whitehead, authorizing the WEDC
Executive Director to execute a contract between Wylie EDC and Wylie Downtown Merchants
Association. A vote was taken, and the motion passed 3-0.
DISCUSSION ITEMS ______
DS1. Discuss issues surrounding the FY 2025-2026 WEDC Budget.
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07/16/2025 Item A.
WEDC – Minutes
June 18, 2025
Page 4 of 4
Staff Comments
Staff discussed the FY 25-26 WEDC Budget process and provided a high-level overview of FY 24-
25 revenues and expenses in order to project the fund balance for the year. Staff noted the retirement
of one staff member in May 2026, with staff requesting an increase in personnel to allow for adequate
cross-training within the organization prior to the scheduled retirement. Staff scheduled a Budget
Committee Meeting for July 2nd for further review of the proposed FY 25-26 Budget and noted that
City Council will review the budget during the Budget Work Session on July 8th.
FUTURE AGENDA ITEMS
There were no Items requested for inclusion on future agendas.
ADJOURNMENT
With no further business, President Dawkins adjourned the WEDC Board meeting at 10:00 a.m.
__________________________________
Demond Dawkins, President
ATTEST:
__________________________________
Jason Greiner, Executive Director
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07/16/2025 Item A.
Wylie Economic Development
Board
AGENDA REPORT
Meeting Date: July 16, 2025 Item Number: B
Prepared By: Jason Greiner
Subject
Consider and act upon approval of the June 2025 WEDC Treasurer’s Report.
Recommendation
Motion to approve the June 2025 WEDC Treasurer’s Report.
Presented for the Board’s review and approval is the June 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, Performance Agreement Summary, and the Quarterly Inventory
Subledger.
REVENUES:
Sales Tax Revenue earned in February and allocated in June was $388,872.57, an increase of 2.89% over the same period
in 2024. YTD sales tax revenues as of June are up 7.31%.
EXPENSES:
Incentives
$2,000 American Entitlements – Incentive 3 of 4
Special Services
$19,500.00 Sports Facilities Companies – Payment 2 of 3 – SFA Agreement
$13,000.00 Sports Facilities Companies – Payment 3 of 3 – SFA Agreement
Special Services – Real Estate
$11,700.00 Heath & Heath - Keefer Lot Clean Up
Special Services - Infrastructure
$38,222.70 Tiseo – FM 544 Gateway Proj (Proj 11F) – Est #10
$16,964.64 Oncor – Utility Relocation
$994, 991.91 McMahon Contracting – Pay App 8
$349,822.43 McMahon Contracting – Pay App 9
Audit & Legal Services
$16,944.20 Abernathy – Legal Fees
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07/16/2025 Item B.
7/11/2025 8:26:32 AM Page 1 of 4
June Rev/Exp Report
Account Summary
For Fiscal: 2024-2025 Period Ending: 06/30/2025
Fiscal
AcƟvity
Variance
Favorable
(Unfavorable)
Percent
Remaining
Current
Total Budget
Period
AcƟvity
Original
Total Budget
Fund: 111 - WYLIE ECONOMIC DEVEL CORP
Revenue
Category: 400 - Taxes
SALES TAX 4,990,217.00 2,887,895.11 -2,102,321.89 42.13 %388,872.57111-4000-40210 4,990,217.00
Category: 400 - Taxes Total:2,887,895.11388,872.574,990,217.00 4,990,217.00 -2,102,321.89 42.13%
Category: 460 - Interest Income
ALLOCATED INTEREST EARNINGS 112,000.00 287,944.54 175,944.54 257.09 %23,486.46111-4000-46110 112,000.00
Category: 460 - Interest Income Total:287,944.5423,486.46112,000.00 112,000.00 175,944.54 157.09%
Category: 480 - Miscellaneous Income
RENTAL INCOME 4,800.00 5,300.00 500.00 110.42 %400.00111-4000-48110 4,800.00
MISCELLANEOUS INCOME 0.00 400.00 400.00 0.00 %0.00111-4000-48410 0.00
GAIN/(LOSS) SALE OF CAP ASSETS 4,121,530.00 925,593.76 -3,195,936.24 77.54 %0.00111-4000-48430 4,121,530.00
Category: 480 - Miscellaneous Income Total:931,293.76400.004,126,330.00 4,126,330.00 -3,195,036.24 77.43%
Revenue Total:4,107,133.41412,759.039,228,547.00 9,228,547.00 -5,121,413.59 55.50%
Expense
Category: 510 - Personnel Services
SALARIES 470,558.40 352,660.06 117,898.34 25.05 %38,986.64111-5611-51110 470,558.40
LONGEVITY PAY 2,807.68 2,664.00 143.68 5.12 %0.00111-5611-51140 2,807.68
TMRS 74,649.83 56,107.52 18,542.31 24.84 %6,269.09111-5611-51310 74,649.83
HOSPITAL & LIFE INSURANCE 79,943.76 58,431.96 21,511.80 26.91 %6,399.72111-5611-51410 79,943.76
LONG-TERM DISABILITY 1,741.07 649.62 1,091.45 62.69 %0.00111-5611-51420 1,741.07
FICA 29,348.70 20,602.61 8,746.09 29.80 %2,281.49111-5611-51440 29,348.70
MEDICARE 6,863.81 4,818.28 2,045.53 29.80 %533.57111-5611-51450 6,863.81
WORKERS COMP PREMIUM 1,175.06 1,175.06 0.00 0.00 %0.00111-5611-51470 994.07
UNEMPLOYMENT COMP (TWC)585.00 315.00 270.00 46.15 %0.00111-5611-51480 585.00
Category: 510 - Personnel Services Total:497,424.1154,470.51667,492.32 667,673.31 170,249.20 25.50%
Category: 520 - Supplies
OFFICE SUPPLIES 5,000.00 1,419.41 3,580.59 71.61 %149.29111-5611-52010 5,000.00
POSTAGE & FREIGHT 300.00 223.85 76.15 25.38 %0.00111-5611-52040 300.00
FOOD SUPPLIES 3,000.00 1,968.86 1,031.14 34.37 %79.28111-5611-52810 3,000.00
Category: 520 - Supplies Total:3,612.12228.578,300.00 8,300.00 4,687.88 56.48%
Category: 540 - Materials for Maintenance
FURNITURE & FIXTURES 2,500.00 0.00 2,500.00 100.00 %0.00111-5611-54610 2,500.00
COMPUTER HARD/SOFTWARE 7,650.00 1,975.00 5,675.00 74.18 %0.00111-5611-54810 7,650.00
Category: 540 - Materials for Maintenance Total:1,975.000.0010,150.00 10,150.00 8,175.00 80.54%
Category: 560 - Contractual Services
INCENTIVES 1,741,250.00 920,000.00 821,250.00 47.16 %2,000.00111-5611-56030 1,741,250.00
SPECIAL SERVICES 87,270.00 85,121.69 2,148.31 2.46 %42,237.50111-5611-56040 87,270.00
SPECIAL SERVICES-REAL ESTATE 71,000.00 29,131.30 41,868.70 58.97 %18,915.29111-5611-56041 71,000.00
SPECIAL SERVICES-INFRASTRUCTUR 9,020,667.00 7,259,069.95 1,761,597.05 19.53 %1,400,001.68111-5611-56042 9,020,667.00
ADVERTISING 226,125.00 103,865.78 122,259.22 54.07 %9,795.00111-5611-56080 226,125.00
COMMUNITY DEVELOPMENT 74,450.00 32,772.87 41,677.13 55.98 %5,048.14111-5611-56090 74,450.00
COMMUNICATIONS 7,900.00 4,158.95 3,741.05 47.36 %521.18111-5611-56110 7,900.00
RENTAL 27,000.00 22,500.00 4,500.00 16.67 %2,250.00111-5611-56180 27,000.00
TRAVEL & TRAINING 95,500.00 64,819.43 30,680.57 32.13 %540.52111-5611-56210 95,500.00
DUES & SUBSCRIPTIONS 91,053.00 76,043.18 15,009.82 16.48 %8,263.98111-5611-56250 91,053.00
INSURANCE 6,800.00 6,119.85 680.15 10.00 %0.00111-5611-56310 6,800.00
AUDIT & LEGAL SERVICES 53,000.00 35,390.40 17,609.60 33.23 %18,446.20111-5611-56510 53,000.00
ENGINEERING/ARCHITECTURAL 855,300.00 117,515.48 737,784.52 86.26 %378.00111-5611-56570 855,300.00
UTILITIES-ELECTRIC 2,400.00 1,311.09 1,088.91 45.37 %177.88111-5611-56610 2,400.00
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07/16/2025 Item B.
Budget Report For Fiscal: 2024-2025 Period Ending: 06/30/2025
7/11/2025 8:26:32 AM Page 2 of 4
Fiscal
AcƟvity
Variance
Favorable
(Unfavorable)
Percent
Remaining
Current
Total Budget
Period
AcƟvity
Original
Total Budget
Category: 560 - Contractual Services Total:8,757,819.971,508,575.3712,359,715.00 12,359,715.00 3,601,895.03 29.14%
Category: 570 - Debt Service & Capital Replacement
PRINCIPAL PAYMENT 606,744.04 466,523.30 140,220.74 23.11 %52,548.69111-5611-57410 606,744.04
INTEREST EXPENSE 625,253.60 457,474.93 167,778.67 26.83 %50,117.78111-5611-57415 625,253.60
Category: 570 - Debt Service & Capital Replacement Total:923,998.23102,666.471,231,997.64 1,231,997.64 307,999.41 25.00%
Category: 580 - Capital Outlay
LAND-PURCHASE PRICE 1,000,000.00 0.00 1,000,000.00 100.00 %0.00111-5611-58110 1,000,000.00
Category: 580 - Capital Outlay Total:0.000.001,000,000.00 1,000,000.00 1,000,000.00 100.00%
Expense Total:10,184,829.431,665,940.9215,277,654.96 15,277,835.95 5,093,006.52 33.34%
Fund: 111 - WYLIE ECONOMIC DEVEL CORP Surplus (Deficit):-6,077,696.02-1,253,181.89-6,049,107.96 -6,049,288.95 -28,407.07 -0.47%
Report Surplus (Deficit):-1,253,181.89 -6,077,696.02-6,049,107.96 -6,049,288.95 -28,407.07 -0.47%
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07/16/2025 Item B.
Budget Report For Fiscal: 2024-2025 Period Ending: 06/30/2025
7/11/2025 8:26:32 AM Page 3 of 4
Group Summary
Fiscal
AcƟvity
Variance
Favorable
(Unfavorable)
Period
AcƟvityCategory
Current
Total Budget
Original
Total Budget
Percent
Remaining
Fund: 111 - WYLIE ECONOMIC DEVEL CORP
Revenue
400 - Taxes 2,887,895.11388,872.574,990,217.00 4,990,217.00 -2,102,321.89 42.13%
460 - Interest Income 287,944.5423,486.46112,000.00 112,000.00 175,944.54 157.09%
480 - Miscellaneous Income 931,293.76400.004,126,330.00 4,126,330.00 -3,195,036.24 77.43%
4,107,133.41412,759.039,228,547.00 9,228,547.00 -5,121,413.59Revenue Total:55.50%
Expense
510 - Personnel Services 497,424.1154,470.51667,492.32 667,673.31 170,249.20 25.50%
520 - Supplies 3,612.12228.578,300.00 8,300.00 4,687.88 56.48%
540 - Materials for Maintenance 1,975.000.0010,150.00 10,150.00 8,175.00 80.54%
560 - Contractual Services 8,757,819.971,508,575.3712,359,715.00 12,359,715.00 3,601,895.03 29.14%
570 - Debt Service & Capital Replacement 923,998.23102,666.471,231,997.64 1,231,997.64 307,999.41 25.00%
580 - Capital Outlay 0.000.001,000,000.00 1,000,000.00 1,000,000.00 100.00%
10,184,829.431,665,940.9215,277,654.96 15,277,835.95 5,093,006.52Expense Total:33.34%
-6,077,696.02-1,253,181.89-6,049,107.96 -6,049,288.95 -28,407.07Fund: 111 - WYLIE ECONOMIC DEVEL CORP Surplus (Deficit):-0.47%
Report Surplus (Deficit):-1,253,181.89 -6,077,696.02-6,049,107.96 -6,049,288.95 -28,407.07 -0.47%
11
07/16/2025 Item B.
Budget Report For Fiscal: 2024-2025 Period Ending: 06/30/2025
7/11/2025 8:26:32 AM Page 4 of 4
Fund Summary
Fiscal
AcƟvity
Variance
Favorable
(Unfavorable)Fund
Period
AcƟvity
Current
Total Budget
Original
Total Budget
111 - WYLIE ECONOMIC DEVEL CORP -6,077,696.02-1,253,181.89-6,049,107.96 -6,049,288.95 -28,407.07
Report Surplus (Deficit):-1,253,181.89 -6,077,696.02-6,049,107.96 -6,049,288.95 -28,407.07
12
07/16/2025 Item B.
Wylie Economic Development Corporation
Statement of Net Position
As of June 30, 2025
Assets
Cash and cash equivalents 8,548,335.50$
Receivables 684,000.00$ Note 1
Inventories 14,063,964.34$
Prepaid Items -$
Total Assets 23,296,299.84$
Deferred Outflows of Resources
Pensions 84,397.55$
Total deferred outflows of resources 84,397.55$
Liabilities
Accounts Payable and other current liabilities 806,083.86$
Unearned Revenue 1,200.00$ Note 2
Non current liabilities:
Due within one year 221,571.66$ Note 3
Due in more than one year 14,482,701.43$
Total Liabilities 15,511,556.95$
Deferred Inflows of Resources
Pensions (8,542.41)$
Total deferred inflows of resources (8,542.41)$
Net Position
Net investment in capital assets -$
Unrestricted 7,860,598.03$
Total Net Position 7,860,598.03$
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
07/16/2025 Item B.
7/11/2025 10:29:48 AM Page 1 of 3
Balance Sheet
Account Summary
As Of 06/30/2025
Account Name Balance
Fund: 111 - WYLIE ECONOMIC DEVEL CORP
Assets
111-1000-10110 CLAIM ON CASH AND CASH EQUIV. 8,546,335.50
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 150,000.00
23,446,299.84Total Assets:23,446,299.84
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 -2,608.79
111-2000-20117 TMRS PAYABLE 9,272.48
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 7,033.26
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 114.42
111-2000-20199 MISC PAYROLL PAYABLE 0.00
111-2000-20201 AP PENDING 388,045.13
111-2000-20210 ACCOUNTS PAYABLE 0.00
111-2000-20530 PROPERTY TAXES PAYABLE 0.00
111-2000-20540 NOTES PAYABLE 150,000.00
111-2000-20610 RETAINAGE PAYABLE 404,216.66
14
07/16/2025 Item B.
Balance Sheet As Of 06/30/2025
7/11/2025 10:29:48 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
957,283.86Total 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:
4,107,133.41Total Revenue
10,184,829.43Total Expense
-6,077,696.02Revenues Over/Under Expenses
Total Liabilities, Equity and Current Surplus (Deficit):23,446,299.84
22,489,015.98Total Equity and Current Surplus (Deficit):
15
07/16/2025 Item B.
Balance Sheet As Of 06/30/2025
7/11/2025 10:29:48 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
07/16/2025 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$ 388,872.57$ 10,923.32$ 2.89%
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$ 2,887,895.10$ 108,008.82$ 7.31%
Total 4,161,281.96$ 4,611,795.64$ 4,874,240.18$ 2,887,895.10$ 108,008.82$ 7.31%
*** Sales Tax collections typically take 2 months to be reflected as Revenue. SlsTx receipts are then accrued back 2 months.
Example: June SlsTx Revenue is actually April SlsTx and is therefore the 7th allocation in FY25.
DIFF
24 vs. 25
% DIFF
24 vs. 25
Wylie Economic Development Corporation
SALES TAX REPORT
June 30, 2025
BUDGETED YEAR
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000
WEDC Sales Tax Analysis
2024
2025
17
07/16/2025 Item B.
PERFORMANCE AGREEMENTS FY 2025 FY 2026 FY 2027 FY 2028 FY 2029
AMERICAN ENTITLEMENTS II 35,000.00$ 2,000.00$ 10,000.00$ -$ -$ -$ 10,000.00$ 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$ 927,000.00$ 70,000.00$ 40,000.00$ -$ -$ 110,000.00$ 1,069,500.00$ 2,066,500.00$
Deferred Outflow 150,000.00$
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 & $112,500/year in 2026, 2027, & 2028.
Wylie Economic Development Corporation
PERFORMANCE AGREEMENT REPORT
June 30, 2025
TOTAL
INCENTIVE
REMAINING
AFTER
CURRENT FY
PREVIOUS FY
PAYMENTS
TOTAL
INCENTIVE
18
07/16/2025 Item B.
Cooper St.McMasters 7/12/05 709 Cooper 0.4750 20691 n/a 202,045.00$
Heath 12/28/05 706 Cooper 0.4640 20212 180,414.00$ 3,625 186,934.22$
Perry 9/13/06 707 Cooper 0.4910 21388 n/a 200,224.00$
Bowland/Anderson 10/9/07 Cooper Dr. 0.3720 16204 n/a 106,418.50$
Duel Products 9/7/12 704 Cooper Dr. 0.5000 21780 n/a 127,452.03$
Randack 10/23/12 711-713 Cooper Dr. 1.0890 47437 n/a 400,334.00$
Lot 2R3 7/24/14 Cooper Dr. 0.9500 41382 n/a 29,056.00$ 1,252,463.75$
Regency Dr.Regency Pk. (contract)6/4/10 25 Steel Road 0.6502 28323 n/a 25,170.77$
Steel/Hooper 12/29/22 Lot 2R Helmberger Industrial Park 3.6885 160671 n/a 345,441.57$ 370,612.34$
544 Gateway Lot 1R (under contract)Replat 1/23 544 Gateway Addition 1.899 82722 n/a 1,015,233.35$
(Lot 6 Sold)Lot 2R (under contract)Replat 1/23 544 Gateway Addition 1.483 64617 n/a 793,033.69$
Lot 3R Replat 1/23 544 Gateway Addition 0.846 36847 n/a 452,217.10$
Lot 4R Replat 1/23 544 Gateway Addition 1.183 51518 n/a 632,271.85$
Lot 5R Replat 1/23 544 Gateway Addition 2.874 125185 n/a 1,536,374.69$
Lot 7R Replat 1/23 544 Gateway Addition 0.931 40576 n/a 497,982.50$ 4,927,113.18$
Downtown Heath 3/17/14 104 N. Jackson 0.1720 7492 n/a 220,034.00$
Udoh 2/12/14 109 Marble 0.1700 7405 n/a 70,330.00$
Peddicord 12/12/14 100 W. Oak St 0.3481 15163 n/a 486,032.00$
City Lot 12/12/14 108/110 Jackson 0.3479 15155 n/a -$
Pawn Shop/All The Rave 1/7/22 104 S. Ballard 0.0860 3746 n/a $475,441.20
FBC Lot 6/15/16 111 N. Ballard St 0.2000 8712 n/a 150,964.00$
FFA Village 1/7/18 102. N. Birmingham 0.1700 7405 n/a 99,804.00$
Boyd 7/28/21 103 S. Ballard 0.0760 3311 n/a 328,792.20$
Keefer 10/27/21 401 N Keefer Dr 0.4890 21301 n/a 237,951.39$
Parupia 8/19/22 200 W Brown 0.0770 3354 n/a 159,325.57$
UP Lot 9/30/22 UP Lot 0.4760 20735 n/a 82,126.92$
Brothers JV 2/26/19 306 & 308 N. 2nd Street 0.3770 16422 n/a 145,923.04$
Pulliam 2/27/19 300 N. 2nd Street 0.2570 11195 n/a 218,472.20$
Swayze 4/18/19 208 N. 2nd Street 0.2580 11238 n/a 187,501.40$
Swayze 5/9/19 204 N. 2nd Street 0.2580 11238 n/a 187,658.20$
Kreymer 10/9/19 302 N. 2nd Street 0.1290 5619 207,286.00$ 1,386 187,941.76$
City of Wylie 5/14/20 ROW Purchase/Alleys 0.6126 26685 n/a 26,684.86$ 3,264,982.74$
South Ballard Birmingham Trust 6/3/15 505 - 607 S. Ballard 1.1190 48744 n/a 409,390.00$
Murphy 3/7/19 701 S. Ballard 0.2000 8712 n/a 172,487.04$
Marlow 3/31/22 305 S. Ballard 0.1865 8125 n/a 186,154.60$
Braley 7/22/19 503 S. Ballard 0.2558 11142 n/a 177,397.96$ 945,429.60$
Brown & 78 Lot 2 Final Plat 10/24 Cooper Plaza 1.0144 44188 n/a 339,071.64$
(Lot 1 Sold)Lot 3 Final Plat 10/25 Cooper Plaza 0.9072 39518 n/a 303,236.92$
Lot 4 Final Plat 10/26 Cooper Plaza 1.6154 70365 n/a 539,937.90$
Lot 5 Final Plat 10/27 Cooper Plaza 1.8135 78996 n/a 606,166.90$
Lot 6 Final Plat 10/28 Cooper Plaza 2.9784 129737 n/a 995,522.25$
Lot 7 Final Plat 10/29 Cooper Plaza 1.5540 67692 n/a 519,426.93$ 3,303,362.54$
Total 34.0439 387,700.00$ 5,011 14,063,964.15$ 14,063,964.15$
Sub-totals
Wylie Economic Development Corporation
Inventory Subledger (Land)
June 30, 2025
Property Purchase
Date Address Acreage SF Improvements Cost Basis
19
07/16/2025 Item B.
Wylie Economic Development
Board
AGENDA REPORT
Meeting Date: July 16, 2025 Item Number: 1
Prepared By: Jason Greiner (Staff Use Only)
Subject
Consider and act upon a Second Amendment to the Purchase and Sale Agreement between the WEDC and Aktrian
Holdings, LLC.
Recommendation
Motion to approve a Second Amendment to the Purchase and Sale Agreement between the WEDC and Aktrian Holdings,
LLC and further authorize the Board President or his/her designee to execute said agreement.
Discussion
As the Board will recall, on October 16, 2024, the WEDC approved a Purchase and Sale Agreement with Aktrian
Holdings, LLC for the sale of all of Lot 3, Block B, Regency Business Park Addition, Phase One, a 0.650-acre lot for
$130,000.00. The contract was later executed on October 17, 2024.
On March 19, 2025, the WEDC approved a First Amendment to the Purchase and Sale Agreement , extending the
Feasibility Period deadline by 90 days, from April 15, 2025, to July 14, 2025.
This item is being brought back to the Board due to delays related to drainage and detention on site. The extension to the
Feasibility Period allows adequate time to comply with the City Planning & Zoning approval process.
The proposed Second Amendment extends the Feasibility Period deadline by 90 days, from July 14, 2025, to October 8,
2025.
Original Analysis:
All of Lot 1 and the southernmost portion of Lot 3, Block B, Regency Business Park Addition
Effective Date of Contract: October 17, 2024
Feasibility Period Expiration (180 days after Effective Date): April 15, 2025
Closing Date: May 15, 2025
First Amendment:
Amended Inspection Period Expiration with a 90-day extension: July 14, 2025
Amended Closing Date on or before: August 13, 2025
Proposed Second Amendment:
Amended Feasibility Period Expiration with a 90-day extension: October 8, 2025
Amended Closing Date on or before: November 7, 2025
20
07/16/2025 Item 1.
Wylie Economic Development
Board
AGENDA REPORT
Meeting Date: July 16, 2025 Item Number: 2
Prepared By: Jason Greiner
Subject
Consider and act upon a Second Amendment to the Performance Agreement between the WEDC and Phoenix Ascending
Investments, LLC.
Recommendation
Motion to approve a Second Amendment to the Performance Agreement between the WEDC and Phoenix Ascending
Investments, LLC.
Discussion
As the Board will recall, the WEDC approved a Performance Agreement with Phoenix Ascending Investments, LLC on
June 21, 2023, and the Performance Agreement was executed on November 2, 2023. The Board later approved a First
Amendment to the Performance Agreement on January 15, 2025, due to construction delays related to WEDC’s
installation of John Yeager Way. The first amendment extended the CO Deadline from February 2, 2025, to May 2, 2025.
However, Phoenix Ascending still had an option to execute a 90-Day Extension per the contract, which gives them until
July 31, to obtain a Certificate of Occupancy.
While Staff believes that Phoenix Ascending could obtain a Temporary Certificate of Occupancy, the intent is to make
sure that all of the necessary Building, Engineering, and Fire Inspection approvals have been obtained. It’s for that reason
that Staff is requesting a Second Amendment and extension of the CO Deadline, which would also eliminate additional
options to extend any further.
Original Agreement:
Effective Date of Agreement: November 2, 2023
CO Deadline: February 2, 2025
First Amendment:
CO Deadline: May 2, 2025
90-Day Extension of CO Deadline: July 31, 2025
Possible Second Amendment & Corresponding CO Deadlines:
30-day: August 30, 2025
60-day: September 29, 2025
90-day: October 29, 2025
21
07/16/2025 Item 2.
Wylie Economic Development
Board
AGENDA REPORT
Meeting Date: July 16, 2025 Item Number: 3
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 authorize 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.
On June 18, 2025, the Board provided feedback regarding the proposed License Agreement and authorized the
Executive Director to execute a contract between WEDC and Wylie Downtown Merchants Association. However, staff
would like to provide updates to the Board and gain additional feedback and clarity before executing this Agreement.
License Agreement Overview:
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 updating 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 visibility, and reinforcing the community’s
unique character.
Mutual Trademark License: for “Historic Downtown Wylie” brand & “Discover Wylie” brand.
Term and Ownership Transfer: Initial five (5) year term + five (5) year marketing agreement
Marketing Partnership: Both parties agree to jointly promote key initiatives such as tourism campaigns,
influencer marketing, podcasts, and business spotlights.
Financial Consideration: hosting, website maintenance, and development costs are estimated at approximately
$35,000 annually for both brands. Ongoing marketing and outreach efforts are considered in-kind and jointly
supported by both organizations.
22
07/16/2025 Item 3.
Wylie Economic Development Board
AGENDA REPORT
Meeting Date: July 16, 2025 Item Number: 4
Prepared By: Jason Greiner
Subject
Consider and act upon the approval of the FY 2025-2026 WEDC Budget.
Recommendation
Staff recommends that the Board approve the FY 2025-2026 WEDC Budget as presented.
Discussion
The FY 25-26 Draft Budget documents have been attached for your review.
For FY26, the WEDC estimates $13,998,431 in available resources, which includes a beginning fund balance of
$5,677,884. Staff estimates the following WEDC Revenues: $5,389,434 in Sales Tax Receipts, $2,898,313 in proceeds
from the Sale of WEDC-owned properties, $22,800 in Rental Income, and $10,000 in allocated interest earnings.
Expenses for FY26 are estimated at $10,314,213. Personnel Services increased from $666,499 to $776,716, and
Incentives decreased from $1,741,250 to $1,510,000. Debt Service is projected to increase from $1,231,998 to $1,883,248
(with a proposed $7MM increase to debt service at the end of FY25), and the WEDC has an additional $1,000,000 in
reserve for future land acquisition. As the City Council will recall in recent years, staff has reclassified the WEDC
Expenses in Infrastructure Projects (Streets & Alleys) to Special Services. These expenses were once accounted for in
Capital Outlay; however, since the WEDC does not maintain ownership of the street, alley, water, sewer, or natural gas
lines, they have been moved to Special Services. The Special Services Account has been split into three sub-categories
to more accurately track the taxable versus non-taxable nature of these expenses for reporting purposes, due to the Series
2022 Note in the amount of $8.1 million.
Notable Changes:
Personnel Services: up from $666,499 to $776,716
Requesting one position in early FY26 for cross-training due to retirement.
Special Services Real Estate: up from $71,000 to $221,000 due to site development (RBP)
Special Services Infrastructure: down from $9,020,667 to $3,200,000
Includes Ballard/Oak/Jackson/Marble Downtown Striping/Parking, Alanis Water/Sewer improvements,
RBP- Hooper/Steel Infrastructure, and Hwy 78 sidewalk from Marble to Oak.
Engineering Services: Up from $885,300 to $960,300
Includes General Engineering, RBP Construction Plans, Downtown Parking Design, Downtown Building
Civils, Downtown Building Architectural, 544 Corridor Civils, Environmental, and Misc
Surveys/Concepts.
Debt Service: Up from $1,231,998 to $1,883,249
23
07/16/2025 Item 4.
Projected increase related to Executive Session discussions and Confidential Project.
Staff estimates the FY26 ending fund balance of $3,684,218.
Once approved by the WEDC Board of Directors, this budget will come back to City Council for final approval at the
July 22nd City Council Meeting.
As a reference, below is section 7.02 of the Wylie EDC Bylaws regarding the Budget:
Attachments:
WEDC Narrative
WEDC Department Overview
WEDC Fund Balance Summary
WEDC Debt Service Detail
WEDC Revenue Projections
WEDC Expense Projections
24
07/16/2025 Item 4.
WYLIE ECONOMIC DEVELOPMENT CORPORATION
The Wylie citizens, as authorized by the Texas State Legislature, created the Wylie Economic
Development Corporation (WEDC) via the passage of a half-cent sales tax increase in 1990. Funds
received by the WEDC are used solely to enhance and promote economic development within the Wylie
community.
STAFFING
BUDGET
2022-2023
BUDGET
2023-2024
BUDGET
2024-2025
BUDGET
2025-2026
Executive Director 1 1 1 1
Assistant Director 1 1 1
BRE Director 1 1 1 1
Office Manager 1 1 1
Research Analyst 1 1
Econ Dev Coordinator 1
Administrative Assistant 1 1
Senior Assistant 1
Mkt & Comms Coordinator 0.5
TOTAL 4 5.5 5 6
The primary objectives of the WEDC are to increase local employment opportunities while enhancing
and diversifying the City of Wylie’s tax base. The WEDC currently employs five full-time professional
staff members who report directly to the Executive Director, and the Director reports to a 5-member
Board of Directors appointed by the Wylie City Council. Ex-Officio Members of the Board include the
sitting Mayor and current City Manager. Meetings typically occur on the third Wednesday of each month
at 7:30 a.m. and on an as-needed basis at the WEDC’s office located at 250 S. Highway 78.
The Wylie City Council provides oversight of the WEDC via approval of Bylaws, appointment of Board
Members, approval of annual budgets, review of monthly expenditures, and project approval. The City
of Wylie Finance Department processes all financial functions of the WEDC and coordinates an annual
Financial Audit by an independent, third-party firm.
WEDC Board of Directors Current Appointment Term Expires
Demond Dawkins, President 06/2024 06/2027
Blake Brininstool, Vice President 06/2024 06/2027
Harold Smith, Secretary 06/2024 06/2026
Alan Dayton 06/2025 06/2028
Melisa Whitehead, Immediate Past President 06/2025 06/2028
25
07/16/2025 Item 4.
Prepared by: Wylie EDC
Budget Overview FY 2025-2026
Department Executive Summary
Wylie EDC
FY 2026 Budget Notes
Notable increases/decreases from FY 2026 base budget:
For FY26, the WEDC estimates $13,998,431 in available resources, which includes a beginning fund
balance of $5,677,884. Staff estimates the following WEDC Revenues: $5,389,434 in Sales Tax Receipts,
$2,898,313 in proceeds from the Sale of WEDC-owned properties, $22,800 in Rental Income, and $10,000
in allocated interest earnings.
Expenses for FY26 are estimated at $10,314,213. Personnel Services increased from $666,499 to $776,716,
and Incentives decreased from $1,741,250 to $1,510,000. Debt Service is projected to increase from
$1,231,998 to $1,883,248 (with a proposed $7MM increase to debt service at the end of FY25), and the
WEDC has an additional $1,000,000 in reserve for future land acquisition. As the City Council will recall
in recent years, staff has reclassified the WEDC Expenses in Infrastructure Projects (Streets & Alleys) to
Special Services. These expenses were once accounted for in Capital Outlay; however, since the WEDC
does not maintain ownership of the street, alley, water, sewer, or natural gas lines, they have been moved
to Special Services. The Special Services Account has been split into three sub-categories to more
accurately track the taxable versus non-taxable nature of these expenses for reporting purposes, due to the
Series 2022 Note in the amount of $8.1 million.
Notable Changes:
• Personnel Services: up from $666,499 to $776,716
o Requesting one position in early FY26 for cross-training due to retirement.
• Special Services Real Estate: up from $71,000 to $221,000 due to site development (RBP)
• Special Services Infrastructure: down from $9,020,667 to $3,200,000
o Includes Ballard/Oak/Jackson/Marble Downtown Striping/Parking, Alanis Water/Sewer
improvements, RBP- Hooper/Steel Infrastructure, and Hwy 78 sidewalk from Marble to
Oak.
• Engineering Services: up from $885,300 to $960,300
o Includes General Engineering, RBP Construction Plans, Downtown Parking Design,
Downtown Building Civils, Downtown Building Architectural, 544 Corridor Civils,
Environmental, and Misc Surveys/Concepts.
• Debt Service: up from $1,231,998 to $1,883,249
o Projected increase related to Executive Session discussions and Confidential Project.
Staff estimates the FY26 ending fund balance of $3,684,218.
Once approved by the WEDC Board of Directors on July 16th, the budget will come back to City Council
for final approval at the July 22nd City Council Meeting.
26
07/16/2025 Item 4.
Wylie Economic Development Corporation
Audited Wylie Economic Development Corp Ending Balance - 9/30/24 13,379,271$
Projected '25 Revenues 15,007,597
Available Funds 28,386,868
Projected '25 Expenditures (22,708,984)
Estimated Ending Fund Balance 09/30/25 5,677,884$
Estimated Beginning Fund Balance - 10/01/25 5,677,884$
Proposed Revenues '26 8,320,547 a)
Proposed Expenditures '26 (10,314,213)
Estimated Ending Fund Balance 9/20/26 3,684,218$
a) Proposed Sales Tax is 8% higher than FY25 and includes $2.89MM in Gain/Loss Sale of Property.
City of Wylie
Fund Summary
27
07/16/2025 Item 4.
FY2025-2026 WEDC Debt Service Detail
Proposed
Jarrard Loan #6088461 $45,267.71
Payment No Due Date Interest Principal Total Payment Principal Balance (Payout Complete Dec FY 26-27; 120 Payments Total)
106 10/22/2025 $169.75 $2,939.40 $3,109.15 $42,328.31
107 10/23/2025 $158.73 $2,950.42 $3,109.15 $39,377.89
108 10/24/2025 $147.67 $2,961.48 $3,109.15 $36,416.41
109 10/25/2025 $136.56 $2,972.59 $3,109.15 $33,443.82
110 10/26/2025 $125.41 $2,983.74 $3,109.15 $30,460.08
111 10/27/2025 $114.23 $2,994.92 $3,109.15 $27,465.16
112 10/28/2025 $102.99 $3,006.16 $3,109.15 $24,459.00
113 10/29/2025 $91.72 $3,017.43 $3,109.15 $21,441.57
114 10/30/2025 $80.41 $3,028.74 $3,109.15 $18,412.83
115 10/31/2025 $69.05 $3,040.10 $3,109.15 $15,372.73
116 11/1/2025 $57.65 $3,051.50 $3,109.15 $12,321.23
117 11/2/2025 $46.20 $3,062.95 $3,109.15 $9,258.28
$1,300.37 $36,009.43 $37,309.80
Government Capital Loan (Series 2021: No. 9624 Effective 10/5/21)$6,930,208.06
Payment No Due Date Interest Principal Total Payment Principal Balance 3.48%; 240 Payments; Maturity 10-5-41
48 10/5/2025 $20,097.60 $26,842.25 $46,939.85 $6,903,365.81 (Loan is Eligible for Principal Reduction 11/2026)
49 11/5/2025 $20,019.76 $26,920.09 $46,939.85 $6,876,445.72
50 12/5/2025 $19,941.69 $26,998.16 $46,939.85 $6,849,447.56
51 1/5/2026 $19,863.40 $27,076.45 $46,939.85 $6,822,371.11
52 2/5/2026 $19,784.88 $27,154.97 $46,939.85 $6,795,216.14
53 3/5/2026 $19,706.13 $27,233.72 $46,939.85 $6,767,982.42
54 4/5/2026 $19,627.15 $27,312.70 $46,939.85 $6,740,669.72
55 5/5/2026 $19,547.94 $27,391.91 $46,939.85 $6,713,277.81
56 6/5/2026 $19,468.51 $27,471.34 $46,939.85 $6,685,806.47
57 7/5/2026 $19,388.84 $27,551.01 $46,939.85 $6,658,255.46
58 8/5/2026 $19,308.94 $27,630.91 $46,939.85 $6,630,624.55
59 9/5/2026 $19,228.81 $27,711.04 $46,939.85 $6,602,913.51
$235,983.65 $327,294.55 $563,278.20
Government Capital Loan (Series 2022: Effective 7/20/22)$7,281,368.05 4.8%; 240 Payments; Maturity 7-20-42
Payment No Due Date Interest Principal Total Payment Principal Balance (Loan is Eligible for Principal Reduction 8/2027)
39 10/20/2025 $29,125.47 $23,492.00 $52,617.47 $7,257,876.05
40 11/20/2025 $29,031.50 $23,585.97 $52,617.47 $7,234,290.08
41 12/20/2025 $28,937.16 $23,680.31 $52,617.47 $7,210,609.77
42 1/20/2026 $28,842.44 $23,775.03 $52,617.47 $7,186,834.74
43 2/20/2026 $28,747.34 $23,870.13 $52,617.47 $7,162,964.61
44 3/20/2026 $28,651.86 $23,965.61 $52,617.47 $7,138,999.00
45 4/20/2026 $28,556.00 $24,061.47 $52,617.47 $7,114,937.53
46 5/20/2026 $28,459.75 $24,157.72 $52,617.47 $7,090,779.81
47 6/20/2026 $28,363.12 $24,254.35 $52,617.47 $7,066,525.46
48 7/20/2026 $28,266.10 $24,351.37 $52,617.47 $7,042,174.09
49 8/20/2026 $28,168.70 $24,448.77 $52,617.47 $7,017,725.32
50 9/20/2026 $28,070.90 $24,546.57 $52,617.47 $6,993,178.75
$343,220.34 $288,189.30 $631,409.64
Proposed Debt Service (Series 2025)$7,000,000 Calculated at 7%; 240 Payments
Payment No Due Date Interest Principal Total Payment Principal Balance
1 10/1/2025 $40,833.33 $13,437.60 $54,270.93 $6,986,562.40
2 11/1/2025 $40,754.95 $13,515.98 $54,270.93 $6,973,046.42
3 12/1/2025 $40,676.10 $13,594.83 $54,270.93 $6,959,451.59
4 1/1/2026 $40,596.80 $13,674.13 $54,270.93 $6,945,777.46
5 2/1/2026 $40,517.04 $13,753.89 $54,270.93 $6,932,023.57
6 3/1/2026 $40,436.80 $13,834.13 $54,270.93 $6,918,189.44
7 4/1/2026 $40,356.11 $13,914.82 $54,270.93 $6,904,274.62
8 5/1/2026 $40,274.94 $13,995.99 $54,270.93 $6,890,278.63
9 6/1/2026 $40,193.29 $14,077.64 $54,270.93 $6,876,200.99
10 7/1/2026 $40,111.17 $14,159.76 $54,270.93 $6,862,041.23
11 8/1/2026 $40,028.57 $14,242.36 $54,270.93 $6,847,798.87
12 9/1/2026 $39,945.49 $14,325.44 $54,270.93 $6,833,473.43
$484,724.59 $166,526.57 $651,251.16
Interest Total FY 25-26 $1,065,228.95
Principal Total FY 25-26 $818,019.85
Debt Service Total FY 25-26 $1,883,248.80
Total Principal Balance EOY 25-26 $20,438,823.97
28
07/16/2025 Item 4.
FY 2025-2026 Revenues
Account 2024 Actual 2025 Budget 2025 YTD Actual 2026 Base Budget 2026 Base vs
2025 Base $
2026 Base vs
2025 Base %2026 Proposed
Fund: 111 - WYLIE ECONOMIC DEVELOPMENT CORP (5,211,024)$ (9,228,547)$ (2,480,637)$ (8,320,547)$ $ 908,000 -9.84%(8,320,547)$
Department: 4000 - REVENUES (5,211,024)$ (9,228,547)$ (2,480,637)$ (8,320,547)$ $ 908,000 -9.84%(8,320,547)$
Category: 400 - Taxes (4,874,240)$ (4,990,217)$ (1,375,539)$ (5,389,434)$ $ (399,217)8.00%(5,389,434)$
Type: Revenue (4,874,240)$ (4,990,217)$ (1,375,539)$ (5,389,434)$ $ (399,217)8.00%(5,389,434)$
111-4000-40210 - SALES TAX (4,874,240)$ (4,990,217)$ (1,375,539)$ (5,389,434)$ $ (399,217)8.00%(5,389,434)$
Category: 430 - Intergovernmental -------
Type: Revenue -------
111-4000-43518 - 380 ECONOMIC AGREEMENTS -------
Category: 460 - Interest Income (526,633)$ (112,000)$ (175,004)$ (10,000)$ $ 102,000 -91.07%(10,000)$
Type: Revenue (526,633)$ (112,000)$ (175,004)$ (10,000)$ $ 102,000 -91.07%(10,000)$
111-4000-46110 - ALLOCATED INTEREST EARNINGS (526,633)$ (112,000)$ (175,004)$ (10,000)$ $ 102,000 -91.07%(10,000)$
Category: 480 - Miscellaneous Income 189,849$ (4,126,330)$ (930,094)$ (2,921,113)$ $ 1,205,217 -29.21%(2,921,113)$
Type: Revenue 189,849$ (4,126,330)$ (930,094)$ (2,921,113)$ $ 1,205,217 -29.21%(2,921,113)$
111-4000-48110 - RENTAL INCOME (31,581)$ (4,800)$ (4,100)$ (22,800)$ $ (18,000)375.00%(22,800)$
111-4000-48410 - MISCELLANEOUS INCOME (1,954)$ -(400)$ ----
111-4000-48430 - GAIN/(LOSS) SALE OF CAP ASSETS 223,384$ (4,121,530)$ (925,594)$ (2,898,313)$ 1,223,217$ -29.68%(2,898,313)$
(5,211,024)$ (9,228,547)$ (2,480,637)$ (8,320,547)$ 908,000$ -9.84%(8,320,547)$
29
07/16/2025 Item 4.
FY 2025‐2026 ExpensesAccount2024 Actual2025 Budget2025 Base Budget2025 YTD Actual2025 Projected2026 Base Budget2026 Base vs 2025 Base $2026 Base vs 2025 Base %2026 ProposedFund: 111 ‐ WYLIE EDC $ 6,047,392 $15,277,656 $ 15,277,656 $ 4,353,683 $ 21,740,065 $ 10,314,213 $ (4,963,443)‐32.49% $ 10,314,213 Department: 5611 ‐ DEVELOPMENT CORP $ 6,047,392 $15,277,656 $ 15,277,656 $ 4,353,683 $ 21,740,065 $ 10,314,213 $ (4,963,443)‐32.49% $ 10,314,213 Category: 510 ‐ Personnel Services $ 585,446 $ 666,499 $ 666,499 $ 277,169 $ 698,920 $ 776,716 $ 110,217 16.54% $ 776,716 Category: 520 ‐ Supplies $ 8,469 $ 8,300 $ 8,300 $ 2,242 $ 8,300 $ 8,300 ‐ ‐ $ 8,300 Category: 540 ‐ Materials for Maintenance $ 5,628 $ 10,150 $ 10,150 ‐ $ 10,150 $ 10,150 ‐ ‐ $ 10,150 Category: 560 ‐ Contractual Services $ 4,215,851 $12,389,715 $ 12,389,715 $ 3,513,999 $ 13,489,617 $ 6,635,798 $ (5,753,917)‐46.44% $ 6,635,798 Type: Expense $ 4,215,851 $12,389,715 $ 12,389,715 $ 3,513,999 $ 13,489,617 $ 6,635,798 $ (5,753,917)‐46.44% $ 6,635,798 111‐5611‐56030 ‐ INCENTIVES $ 1,256,000 $ 1,741,250 $ 1,741,250 $ 200,000 $ 941,250 $ 1,510,000 $ (231,250)‐13.28% $ 1,510,000 111‐5611‐56040 ‐ SPECIAL SERVICES $ 26,180 $ 87,270 $ 87,270 $ 883 $ 92,270 $ 87,270 ‐ ‐ $ 87,270 111‐5611‐56041 ‐ SPECIAL SERVICES‐REAL ESTATE $ 287,146 $ 71,000 $ 71,000 $ 6,411 $ 71,000 $ 221,000 $ 150,000 211.27% $ 221,000 111‐5611‐56042 ‐ SPECIAL SERVICES‐INFRASTRUCTURE 1,748,655$ 9,020,667$ 9,020,667$ 2,992,343$ 11,615,144$ 3,200,000$ $ (5,820,667)‐64.53%3,200,000$ 111‐5611‐56080 ‐ ADVERTISING $ 121,585 $ 226,125 $ 226,125 $ 93,125 $ 30,050 $ 276,125 $ 50,000 22.11% $ 276,125 111‐5611‐56090 ‐ COMMUNITY DEVELOPMENT $ 57,193 $ 74,450 $ 74,450 $ 20,488 $ 74,450 $ 74,450 ‐ ‐ $ 74,450 111‐5611‐56110 ‐ COMMUNICATIONS $ 5,923 $ 7,900 $ 7,900 $ 2,074 $ 7,900 $ 7,900 ‐ ‐ $ 7,900 111‐5611‐56180 ‐ RENTAL $ 24,750 $ 27,000 $ 27,000 $ 15,750 $ 27,000 $ 50,000 $ 23,000 85.19% $ 50,000 111‐5611‐56210 ‐ TRAVEL & TRAINING $ 65,406 $ 95,500 $ 95,500 $ 29,391 $ 95,500 $ 95,500 ‐ ‐ $ 95,500 111‐5611‐56250 ‐ DUES & SUBSCRIPTIONS $ 68,591 $ 91,053 $ 91,053 $ 59,667 $ 91,053 $ 91,053 ‐ ‐ $ 91,053 111‐5611‐56310 ‐ INSURANCE $ 5,653 $ 6,800 $ 6,800 $ 5,817 $ 6,800 $ 6,800 ‐ ‐ $ 6,800 111‐5611‐56510 ‐ AUDIT & LEGAL SERVICES $ 35,820 $ 53,000 $ 53,000 $ 12,057 $ 53,000 $ 53,000 ‐ ‐ $ 53,000 111‐5611‐56570 ‐ ENGINEERING/ARCHITECTURAL $ 510,449 $ 885,300 $ 885,300 $ 75,207 $ 381,800 $ 960,300 $ 75,000 8.47% $ 960,300 111‐5611‐56610 ‐ UTILITIES‐ELECTRIC $ 2,500 $ 2,400 $ 2,400 $ 786 $ 2,400 $ 2,400 $ ‐ 0.00% $ 2,400 Category: 570 ‐ Debt Service & Capital Replacement $ 1,231,998 $ 1,231,998 $ 1,231,998 $ 560,273 $ 1,231,998 $ 1,883,249 $ 651,251 52.86% $ 1,883,249 Category: 580 ‐ Capital Outlay ‐ $ 1,000,000 $ 1,000,000 ‐ $ 7,000,000 $ 1,000,000 ‐ ‐ $ 1,000,000 Type: Expense ‐ $ 1,000,000 $ 1,000,000 ‐ $ 7,000,000 $ 1,000,000 ‐ ‐ $ 1,000,000 111‐5611‐58110 ‐ LAND‐PURCHASE PRICE $ 7,079 $ 1,000,000 $ 1,000,000 ‐ $ 7,000,000 $ 1,000,000 ‐ ‐ $ 1,000,000 111‐5611‐58210 ‐ STREETS & ALLEYS ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 111‐5611‐58830 ‐ FURNITURE & FIXTURES ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 111‐5611‐58995 ‐ CONTRA CAPITAL OUTLAY $ (7,079) ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ $ 6,047,392 $15,306,662 $ 15,306,662 $ 4,353,683 $ 21,740,065 $ 10,314,213 $ (4,992,449)‐32.62% $ 10,314,213 3007/16/2025 Item 4.
Wylie Economic Development
Board
AGENDA REPORT
Meeting Date: July 16, 2025 Item Number: DS1
Prepared By: Jason Greiner
Subject
Discussion regarding the Performance Agreement between WEDC and MLKJ Investments, LLC.
Recommendation
No action is requested by staff for this item.
Discussion
Staff will lead the discussion regarding the Performance Agreement between WEDC and MLKJ Investments, LLC.
31
07/16/2025 Item DS1.
Wylie Economic Development
Board
AGENDA REPORT
Meeting Date: July 16, 2025 Item Number: DS2
Prepared By: Jason Greiner
Subject
Discuss issues surrounding Wylie EDC loans.
Recommendation
No action is requested by staff for this item.
Discussion
As the Board will recall, Staff has discussed options for securing additional funds related to Executive Session
discussions and Confidential Projects. For budgeting purposes, Staff has projected a loan scenario of $7MM at
a fixed 7% rate for 20 years. The closing of this loan is anticipated to close within FY 24-25. However, should
the funding take longer than expected, the FY 25-26 budget would be amended accordingly.
Budget Dates/Deadlines
Final WEDC Budget to Council: 07-22-25
City of Wylie Files Proposed Budget: 08-05-25
Additional Dates/Deadlines
August Board Meeting: 08-20-25
September Board Meeting: 09-17-25
New FY Begins: 10-01-25
Staff will provide additional information during the meeting.
32
07/16/2025 Item DS2.
Wylie Economic Development
Board
AGENDA REPORT
Meeting Date: July 16, 2025 Item Number: DS3
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; Board to review Second
Amendment on 7-16-25.
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.
The Capco line has been moved. Optimum/Spectrum has moved their line, and AT&T is working on their design
so they can move forward with line removal.
Next project coordination meeting: 7/24/25
Downtown Parking and Drainage/Union Pacific Coordination
The survey documentation that Union Pacific has requested has been provided.
33
07/16/2025 Item DS3.
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 the drainage concern at the drive connection to Marble.
RFI #14 power pole coordination is ongoing by WEDC.
KH created multiple Lot 6 concept plans.
The projected completion date is 7/28/25 (7-Eleven is anticipated to open in Sept/Oct).
Next project coordination meeting: 7/17/25
Flood Study & Drainage Study- Hooper/Steel/Regency Business Park (KH)
KH to send summary of meeting notes and updated concept plan for improvements at SH-78 and Hooper.
WEDC coordinating meeting with City of Wylie to discuss drainage solutions.
Water & Sewer Extension - State Hwy 78/Alanis (KH)
Design is complete. Waiting on the signed and filed drainage and sanitary sewer easements.
KH has posted the project on CivCast.
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 has been provided to Atmos and has been
recorded.
FM 544 Corridor Master Plans
KH starting to work on concept plans.
Atmos Gas Main Extension- N Hwy 78
MasTec is awaiting the final construction package from Atmos, which Atmos confirmed would be ready this
week. Once begun, the project is expected to be completed within 3 weeks.
WEDC General Engineering
KH preparing SH-78 Sidewalks IPO per direction from WEDC.
BRE & Workforce Updates:
One BRE visit was conducted in June.
Attended and spoke to the first graduating class for the Leadership Development program.
Facilitated employer meeting with Wylie ISD CTE to facilitate launch of SETH certification program for Water
Operators and Wastewater Operators at NTMWD.
34
07/16/2025 Item DS3.
Assisted two local businesses with property search criteria for relocation.
Strategic planning activities for 2025 MFG Day programming.
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 attended the 5th Annual East Collin County Women’s Conference (RH, MB, CS)
Staff attended TEDC Mid-Year Conference (JG, RH, MB, CS)
Staff attended the Incoming/Outgoing Board Member Reception and City Council Meeting (JG, RH)
Staff and Board attended the Whisker Wishes Gala (DD, BB, HS, JG, RH)
Staff attended the College for Kids Graduation (JG, RH)
Staff participated in an Admin Tour with the City of Wylie (RH)
Sales tax revenues for July are up 4.90%. YTD sales tax revenues are up 7.72%.
Committee Updates:
Budget Committee/Board Members met to discuss an overview of the proposed FY26 Budget. (DD, HS)
Upcoming Events:
WISD New Teacher Luncheon – July 22
Final Budget Work Session with City Council – July 22
A Night to Remember – Honoring Raymond Cooper – August 2
Retail Live – September 4
Wylie Championship Rodeo – September 12-13
Manufacturing Day – October 2
Please see the attached Marketing Calendar for the full list of upcoming events.
35
07/16/2025 Item DS3.
4 /1 /2 0 2 5 - 6 /3 0 /2 0 2 5 /2 0 2 5
Q3
DISCOVER WYLIE
reporting
@ D I S C O V E R W Y L I E
36
07/16/2025 Item DS3.
O V E R V I E W & S T R A T E G I E S
Create web content for new website (blog posts and photography)
Photograph 2 new businesses each month
Heavily promote downtown events
Streamline Google form process for local businesses wanting to promote their
events
Increase the use of reels even more
Double down on content - share a reel and then post a photo collage of same
business or event next week
P R I O R I T I E S F O R Q 2 & Q 3
Goals for this Year
> Continue to grow and strengthen a social media presence on all platforms
> Increase engagement and shares on all social media platforms
> Develop strong community on Facebook
> Launch new Discover Wylie website
> Grow Discover Wylie Influencer program
@ D i s c o v e r W y l i e
R e p o r t T i m e P e r i o d : 4 /1 /2 0 2 5 - 6 /3 0 /2 0 2 5
37
07/16/2025 Item DS3.
1942
F O L L O W E R S 3 /3 1 /2 5
1792
F O L L O W E R S 3 /3 1 /2 4 R E A C H
A U D I E N C E L O C A T I O N
P L A N O
150
N E W F O L L O W E R S
+8.4%
G R O W T H
I N T E R A C T I O N S
I N S T A G R A M R E P O R T
@ D i s c o v e r W y l i e
R e p o r t T i m e P e r i o d : 4 /1 /2 0 2 5 - 6 /3 0 /2 0 2 5
A U D I E N C E F E M A L E / M A L E
T O P P O S T S
W Y L I E
G A R L A N D
S A C H S E
38%
8%
5%
D A L L A S 4%
4%
R E M A I N I N G A U D I E N C E S P R E A D A C R O S S O T H E R
C I T I E S , S T A T E S , A N D C O U N T R I E S
5600
1276
Q3 2025
V I E W S
5854
769
Q3 2024
27757 36632
T O P P E R F O R M I N G P O S T S
38
07/16/2025 Item DS3.
23,62521,700
42
A U D I E N C E L O C A T I O N
N E V A D A
third quarter at-a-glance
third quarter FB reels report
F A C E B O O K R E P O R T
@ D i s c o v e r W y l i e
R e p o r t T i m e P e r i o d : 4 /1 /2 0 2 5 - 6 /3 0 /2 0 2 5
A U D I E N C E F E M A L E / M A L E
T O P P E R F O R M I N G P O S T S
1,925
N E W F O L L O W E R S
+9%
G R O W T H
W Y L I E
S A C H S E
D A L L A S
19%
3%
3%
G A R L A N D 3%
4%
F O L L O W E R S
6 /3 0 /2 5
F O L L O W E R S
6 /3 0 /2 0 2 4
39
07/16/2025 Item DS3.
1011749
T I K T O K R E P O R T
@ D i s c o v e r W y l i e
R e p o r t T i m e P e r i o d : 1 /1 /2 5 - 3 /3 1 /2 5
262
N E W F O L L O W E R S
TOTAL VIEWS 16,000FOLLOWERS 6 /3 0 /2 5FOLLOWERS 4 /1 /2 5
D I S C O V E R W Y L I E B L O G
D i s c o v e r W y l i e .c o m
R e p o r t T i m e P e r i o d : 4 /1 /2 0 2 5 - 6 /3 0 /2 0 2 5
40
07/16/2025 Item DS3.
41
07/16/2025 Item DS3.
42
07/16/2025 Item DS3.
43
07/16/2025 Item DS3.
44
07/16/2025 Item DS3.
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07/16/2025 Item DS3.
T O P I C S C O V E R E D :
C o n t e n t c r e a t i o n s t r a t e g y
P h o t o a n d v i d e o b e s t p r a c t i c e s
P h o t o a n d v i d e o e d i t i n g b e s t
p r a c t i c e s
C o n t e n t s c h e d u l i n g p r o c e s s a n d
p r o c e d u r e s u s i n g M e t a B u s i n e s s
S u i t e
S o c i a l m e d i a b e s t p r a c t i c e s
T r a c k i n g s t a t s a n d a n a l y t i c s t o
c r e a t e a n e v i d e n c e -b a s e d
c o n t e n t p l a n
G r a p h i c d e s i g n s o f t w a r e t r a i n i n g
O n e -o n -o n e c o n s u l t a t i o n s w i t h
e a c h b u s i n e s s
H o w t o i n t e r a c t w i t h l o c a l
b u s i n e s s e s , e v e n t s , a n d
h a s h t a g s t o i n c r e a s e b r a n d
v i s i b i l i t y
C r e a t i n g a n d u t i l i z i n g a n
e d i t o r i a l c a l e n d a r
F e e d b a c k o n s o c i a l m e d i a
p l a t f o r m s t h r o u g h o u t t h e
d u r a t i o n o f t h e c l a s s e s
A I
R E S U L T S :
A G G R E G A T E F A C E B O O K
R E S U L T S
2 5 % i n c r e a s e i n v i e w s
2 0 % i n c r e a s e i n i n t e r a c t i o n s
8 8 .5 % i n c r e a s e i n r e a c h
A G G R E G A T E I N S T A G R A M
R E S U L T S
9 0 % i n c r e a s e i n v i e w s
2 4 3 % i n c r e a s e i n i n t e r a c t i o n s
4 4 % i n c r e a s e i n r e a c h
A l l c l a s s p a r t i c i p a n t s t r a c k e d t h e i r
s t a t s a n d a n a l y t i c s t h r o u g h o u t t h e
c l a s s . H e r e a r e t h e r e s u l t s .
It was incredible to be in a
small group of like-minded
business owners learning the
ins and outs of social media
B U S I N E S S E S S E R V E D :
C & S M e d i a
F i r e & W a t e r R e s t o r a t i o n
M a l l o r y S m i t h C o n s u l t i n g
T a y l o r M a d e B o o k k e e p i n g
P o o l e F e e d
S o u t h e r n M a i d
T u r n e r D e s i g n
W y l i e F l o w e r
S P R I N G 2 0 2 5
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07/16/2025 Item DS3.
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
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
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
2025 August Board Meeting – 20th
Day Time Meeting/Event
2 5:00 pm A Night to Remember – Honoring Raymond Cooper *RSVP Required
5 8:30-9:30 am WDMA Meeting
10-12 SEDC Annual Conference – Oklahoma City, OK - jg
12 6:00 pm City Council
20 7:30 am WEDC- Board Meeting
22 TMAC Metroplex Manufacturing Leadership Summit - aw
26 11:30 am Wylie Chamber of Commerce- Monthly Luncheon: Non-Profit Spotlight
26 6:00 pm City Council
26-27 Team Texas Annual Economic Consultant Summit – Waco, TX
28 5:01-7:00 pm 5:01 PM Professional Mixer – Creekside Fine Grill
Around the Corner…
Retail Live – Austin – Sept 4
Wylie Championship Rodeo – Sept 12-13
MFG Day – Oct 2
Basic Economic Development Course (BEDC) - Oct 7-10
Hope Under the Stars – Oct 11 *RSVP Required
TEDC Sales Tax Training – Oct 17 *RSVP Required
TEDC Annual Conference – Oct 29-31
Texas Downtown Conference – Nov 3-5
49
07/16/2025 Item DS3.
Project #Project Name Registered Status Facility Name City County Work Type Cost
TABS2025021623 WALK-ONS
WYLIE TX
6/19/2025 Project Registered WALK-ONS SPORTS BISTREAUX Wylie Collin New
Construction $2,150,000
TABS2025021260 BSW Wylie Lab 6/13/2025 Project Registered Baylor Scott & White Emergency
Center - Wylie
Wylie Collin Renovation/Al
teration $250,000
TABS2025020121 Home Theater
Direct
5/30/2025 Review Complete Home Theater Direct Wylie Collin Renovation/Al
teration $115,000
TABS2025019251 Bldg 100 #120
Finish Out
5/19/2025 Review Complete Wylie Development DFW LP Wylie Collin New
Construction $50,000
TABS2025018758 Beyond Care 5/12/2025 Review Complete Beyond Care Adult Day Services Wylie Collin New
Construction $85,000
TABS2025018621 Roni's Mac Bar 5/9/2025 Review Complete 803 Woodbridge Parkway Wylie Collin Renovation/Al
teration $150,000
TABS2025018161 Wylie Retail 5/5/2025 Review Complete Wylie Retail Wylie Collin New
Construction $3,230,000
TABS2025016863 THE
GREENWAY
ADDITION
4/16/2025 Review Complete THE GREENWAY ADDITION Wylie Collin Renovation/Al
teration $1,000,000
TABS2025016777 Devils & Angles 4/16/2025 Project Registered Wylie Neighborhood Shops by state
llc
Wylie Collin Renovation/Al
teration $50,000
Registered TDLR Projects
Apr-June 2025
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07/16/2025 Item DS3.