10-15-2025 (WEDC) Agenda Packet Wylie Economic Development Corporation WYLIEEDC
Board Regular Meeting
October 15,2025—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 individual,
six minutes for a group.In addition,Board is not allowed to converse, deliberate or take action on any matter presented during
citizen participation.
CONSENT AGENDA
All matters listed under the Consent Agenda are considered to be routine by the Board and will be enacted by one motion.
There will not be separate discussion of these items.If discussion is desired, that item will be removed from the Consent Agenda
and will be considered separately.
A. Consider and act upon approval of Minutes from the September 17, 2025 Regular Meeting of the WEDC
Board of Directors.
B. Consider and act upon approval of the September 2025 WEDC Treasurer's Report.
CC. Consider and act upon a Performance Agreement between the WEDC and SCSD-Finnell,Ltd.
REGULAR AGENDA
1. Consider and act upon issues surrounding the Election of Officers for the WEDC Board of Directors for
2025-2026.
2e Consider and act upon the establishment of a Regular Meeting Date and Time for the WEDC Board of
Directors for 2025-2026.
3. Consider and act upon a Third Amendment to the Purchase and Sale Agreement between the WEDC and
Aktrian Holdings,LLC.
DISCUSSION ITEMS
DS1. Discussion regarding the Performance Agreement between WEDC and MLKJ Investments,LLC.
DS2. Discussion regarding future WEDC Board Retreats/Work Sessions.
EXECUTIVE SESSION
1
See. 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.
See. 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.
ESl. Consider the sale or acquisition of properties located at Brown/Eubanks, FM 544/Cooper, FM 544/Sanden,
Jackson/Oak, Regency/Steel, State Hwy 78/Alanis, State Hwy 78/Birmingham, State Hwy 78/Brown, State
Hwy 78/Kreymer, and State Hwy 78/Skyview.
See. 551.087. DELIBERATION REGARDING CONO MIIC DDVELOPMENT NEG IATIONS;
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, 2022-10c, 2023-1c, 2024-5a,
2024-12c,2025-4a,2025-4d, 2025-8d,2025-81, 2025-9b, 2025-9d,2025-10a,2025-10b,2025-10c, 2025-
10d, and 2025-10e.
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 October 9, 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
2
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.
3
10115120251tem A.
Minutes
Wylie Economic Development Corporation
Board of Directors Regular Meeting
September 17, 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 Vice President
Blake Brininstool,Harold Smith,Melisa Whitehead, and Alan Dayton.
Ex-Officio Member City Manager Brent Parker was 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
President Demond Dawkins gave the invocation and led the Pledge of Allegiance.
COMMENTS ON NON-AGENDA ITEMS
With no citizen participation,President Dawkins moved to Consent Agenda.
CONSENT AGENDA
All matters listed under the Consent Agenda are considered to be routine by the WEDC Board of Directors and
will be enacted by one motion. There will not be a separate discussion of these items. If discussion is desired,
that item will be removed fi°om the Consent Agenda and will be considered separately.
A. Consider and act upon approval of the July 2025 WEDC Treasurer's Report.
B. Consider and act upon approval of Minutes from August 20,2025,Regular Meeting of the WEDC
Board of Directors.
C. Consider and act upon a Performance Agreement between the WEDC and Tower Extrusions,
LLC.
Board Action
A motion was made by Melisa Whitehead, seconded by Blake Brininstool, to approve the Consent
Agenda as presented.A vote was taken,and the motion passed 5-0.
REGULAR AGENDA
1. Consider and act upon issues surrounding State Hwy 78 Sidewalks.
Discussion
Staff noted that Keaton Cox with Kimley-Horn was present to answer any questions the Board may
have regarding this Item. Staff discussed an IPO for constructing a sidewalk from East Marble Street to
South Ballard Avenue along SH 78. This project will also include a sidewalk connection at the
A.
WEDC—Minutes 10115120251tem
September 17,2025
Page 2 of 4
intersection of SH 78 and East Oak Street, leading to The Cross Church parking lot. A permanent
sidewalk/access easement and a temporary construction easement will be obtained for constructing the
sidewalk on The Cross Church property. Topographic survey data will not be obtained. Aerial imagery
and lidar data will be utilized in preparation of the construction plans.
Board Action
A motion was made by Blake Brininstool, seconded by Harold Smith,to award the contract to Kimley-
Horn and Associates, Inc. in the amount of$56,100 and further authorize the Executive Director to
execute any and all necessary documents. A vote was taken, and the motion passed 5-0.
2. Consider and act upon issues surrounding Jackson Ave Parking& Striping.
Discussion
Staff shared with the Board that this IPO is for the construction of parking and striping improvements
along Marble Street, Jackson Avenue, Oak Street, and Ballard Avenue in downtown Wylie. Drainage
patterns are not expected to be significantly altered; therefore, detention and additional storm
improvements will not be provided. Topographic survey data obtained with a separate Kimley-Horn
project will be utilized;no additional survey will be obtained. ROW and easement acquisitions are not
expected.Kimley-Horn confirmed that they can adjust the sidewalk sizes to be consistent with the future
expansion of the downtown sidewalk widths on Ballard Avenue.
Board Action
A motion was made by Melisa Whitehead, seconded by Blake Brininstool, to award the contract to
Kimley-Horn and Associates,Inc.in the amount of$62,500 and further authorize the Executive Director
to execute any and all necessary documents. A vote was taken, and the motion passed 5-0.
3. Consider and act upon issues surrounding Regency Business Park Drainage Improvements.
Discussion
Staff shared with the Board that this IPO is intended to finalize the Drainage Analysis for the Wylie
Regency Business Park. KH will perform a hydraulic analysis of the proposed off-site drainage options
provided by the developer of the 11-acre tract located at FM 544 and Hooper Road. KH will coordinate
with the development team to determine the drainage patterns of Regency Business Park before
finalizing the drainage analysis. KH will prepare a Drainage Analysis submittal for the City to review.
Board Action
A motion was made by Alan Dayton, seconded by Harold Smith,to award the contract to Kimley-Horn
and Associates, Inc. in the amount of$43,000 and further authorize the Executive Director to execute
any and all necessary documents. A vote was taken,and the motion passed 5-0.
4. Consider and act upon issues surrounding State Hwy 78/Alanis Utility Improvement Project.
Discussion
Staff reminded the Board that the WEDC sold 6.52 acres near State Hwy 78/Alanis to Stealth Partners,
LLC in April 2023.As a post-closing obligation,the WEDC will install utility improvements to facilitate
development at this location. Stealth's GC has indicated that they plan to move forward with
construction this fall. Staff noted that multiple bids for construction services were received, which
include Utility Work, Erosion Control, Sod Installation, Tree Removal, Testing, Staking, Signage,
Mobilization, Bonds, and Insurance. The Board discussed the bids received for construction services,
along with the recommendation from Kimley Horn,who facilitated the bid process on behalf of WEDC.
A.
WEDC—Minutes 10/15/20251tem
September 17,2025
Page 3 of 4
Board Action
A motion was made by Harold Smith, seconded by Blake Brininstool,to award the contract to Canary
Construction, Inc. in the amount of$321,952 and further authorize the Executive Director to execute
any and all necessary documents. A vote was taken,and the motion passed 5-0.
5. Consider and act upon FY 2024-2025 Budget Amendments.
Discussion
Staff discussed the need to amend the budget following receipt of loan proceeds from the WEDC 2025
Note and Board-authorized real estate transactions and projects. Once approved by the Board, the
amendment will be submitted for consideration by City Council on September 23, 2025. The WEDC
amendments detailed in the Agenda Report include loan proceeds, loan origination costs, and land
acquisition costs.
Board Action
A motion was made by Blake Brininstool, seconded by Harold Smith, to approve the FY 2024-2025
Budget Amendments. A vote was taken, and the motion passed 5-0.
DISCUSSION ITEMS
DSI. Discussion regarding the Performance Agreement between WEDC and MLKJ Investments,LLC.
Discussion
Staff noted that MLKJ will not be able to meet their deadline of 11-28-25 and did not request a
90-day extension, which puts them in default. Staff discussed the next steps and will keep the Board
informed with any necessary updates.
DS2. Discussion regarding future WEDC Board Retreats/Work Sessions.
Discussion
Staff requested that the Board discuss possible dates for a Board Retreat/Work Session. The Board
agreed that the Board Retreat/Work Session should be a full-day event,starting at 9:00 a.m. on October
24, 2025. The format would include meeting briefly at WEDC Offices, followed by a driving tour of
Wylie, a tour of another community, and lunch. Office development, downtown development, and
redevelopment/revitalization were identified as key areas of interest, and the Board discussed a
preference to tour McKinney. Regarding topics of discussion,the Board prioritized examining the land
currently owned by WEDC, identifying next steps in development, and exploring initiatives to
encourage visitors to the community.
DS3. Staff report: WEDC Property Update, Temporary Access Agreements, Downtown Parking,
Engineering Report,Upcoming Events,and WEDC Activities/Programs.
Discussion
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 Walk-Ons is expected
to begin construction on 9-22-25, with anticipated completion by March 2026. Regarding BRE, Staff
discussed a new Workforce Development Program that provides up to$20,000 of training to incumbent
workers, noting that two companies have shown interest in the program. Staff reminded the Board of
upcoming events, including the Manufacturing Day Proclamation and Reception, Manufacturing Day
A.
WEDC—Minutes 10115120251tem
September 17,2025
Page 4 of 4
Kickoff Event, and TEDC Sales Tax Training. Staff noted a 1.29% increase in sales tax revenues for
August,with an overall 7.86%increase for the year.
EXECUTIVE SESSION
Recessed into Closed Session at 8:26 a.m.in compliance with Section 551.001,et.seq.Texas Government Code,
to wit:
Sec. 551.072. DELIBERATION REGARDING REAL PROPERTY; CLOSED MEETING.
ESl. Consider the sale or acquisition of properties located at Brown/Eubanks, FM 544/Cooper, FM
544/Sanden,Jackson/Oak, Regency/Steel, State Hwy 78/Alanis, State Hwy 78/Brown, State Hwy
78/Kreymer, and State Hwy 78/Skyview.
Sec. 551.087. DELIBERATION REGARDING ECONOMIC DEVELOPMENT NEGOTIATIONS;
CLOSED MEETING.
ES2. Deliberation regarding commercial or financial information that the WEDC has received from a
business prospect and to discuss the offer of incentives for Projects: 2022-1b,2022-1c,2023-1c,
2023-11b,2024-5a,2024-5f,2024-8d,2024-9d,2024-10c,2024-12c,2025-4a,2025-4d,2025-6d,
2025-9a,2025-9b,2025-9c,and 2025-9d.
RECONVENE INTO OPEN SESSION
Take any action as a result of the Executive Session.
President Dawkins reconvened into Open Session at 9:49 a.m.
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 9:49 a.m.
Blake Brininstool,President
ATTEST:
Jason Greiner,Executive Director
1 10115120251tem B.
WYLIEEDC Wylie Economic Development
Board
AGENDA REPORT
Meeting Date: October 15, 2025 Item Number: B
Prepared By: Jason Greiner
• .
Consider and act upon approval of the September 2025 WEDC Treasurer's Report.
Recommendation I
Motion to approve the September 2025 WEDC Treasurer's Report.
Presented for the Board's review and approval is the September 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 July and allocated in September was$413,833.25,an increase of 1.29%over the same period
in 2024. YTD sales tax revenues as of September are up 7.86%.
Gain/(Loss) Sale of Cap Assets
-$915,558.88 Sale of Lot 5/544 Gateway/Cates(9-24-25)/Sold for$195,815.81 ($425,000 Forgivable Note)
Bank Note Proceeds
$6,800,500 2025 WEDC Note
EXPENSES:
Special Services
$100,500 Loan Origination Fees-2025 WEDC Note
Special Services—Infrastructure
$37,670.82 Tiseo—FM 544 Gateway Project—Pay App 12
$42,571.88 Tiseo—FM 544 Gateway Project—Pay App 13
$192,066.87 McMahon—Cooper Plaza—Pay App 11
$192,846.61 Tiseo—FM 544 Gateway Project—Pay App 14
$315,583.24 McMahon—Cooper Plaza—Pay App 12
Engineering/Architectural
$76,239.84 Kimley Horn & Associates — General Engineering, FM 544 Corridor Master Drain, FM 544 Corridor
Master Plan
10115120251tem B.
Land-Purchase Price
$4,471,819.61 Land Purchase (Blakey Tracts/FM 544)
Contra Capital Outlay
-$4,481,819.61 Land Purchase
*Please note that this is a"preliminary"report for the month of September since we are in the process of making accruals
and year-end adjustments, as is the case every year for the September report.
ECONOMIC 1 1011512025 Item B.
WYLIEDEVELOPMENT September Rev/Ex p Report
Account Summary
For Fiscal: 2024-2025 Period Ending: 09/30/2025
Variance
Original Current Period Fiscal Favorable Percent
Total Budget Total Budget Activity Activity (Unfavorable) Remaining
Fund:111-WYLIE ECONOMIC DEVEL CORP
Revenue
1 11_4000_402 10 SALES TAX 4,990,217.00 4,990,217.00 413,833.25 4,158,980.59 -831,236.41 16.66%
11_1 400`46110. ALLOCATED INTEREST EARNINGS 112,000.00 112,000.00 31,831.98 363,587.31 251,587.31 324.63%
111400048110 RENTAL INCOME 4,800.00 4,800.00 400.00 9,500.00 4,700.00 197.92%
11-1400049410 MISCELLANEOUS INCOME 0.00 0.00 0.00 397.00 397.00 0.00%
111400048430 GAIN/(LOSS)SALE OF CAP ASSETS 4,121,530.00 4,121,530.00 -915,558.88 232,238.09 -3,889,291.91 94.37%
111400049325 BANK NOTE PROCEEDS 0.0Q 6,8B00,500.00 6,800,500.00 6,800,500.00 0.00 0.00%
-
Revenue Total: 9,228,547.00 16,029,047.00 6,331,006.35 11,565,202.99 -4,463,844.01 27.85%
Expense
111 56 1510
- ----------1-- 1
----- 1
------- SALARIES 470,558.40 470,558.40 58,479.96 489,113.31 -18,554.91 -3.94%
111,5611 51140
LONGEVITY PAY 2,807.68 2,807.68 0.00 2,664.00 143.68 5.12%
_11 1.561151310 TMRS 74,649.83 74,649.83 9,343.20 77,747.16 -3,097.33 -4.15%
11A 5611 51410
-- ---- ------------------- HOSPITAL&LIFE INSURANCE 79,943.76 79,943.76 10,681.74 82,124.52 -2,180.76 -2.73%
111 5611 51420
LONG-TERM DISABILITY 1,741.07 1,741.07 82.41 896.85 844.22 48,49%
1115611 51440
-- ----- ----------------- FICA 29,348.70 29,348.70 3,434.78 28,505.31 843.39 2.87%
_11 1 56.1.1 51450 MEDICARE 6,863.81 6,863.81 803.28 6,666.44 197.37 2.88%
1115611 51470
-- ------------------------ WORKERS COMP PREMIUM 994.07 1,175.06 0.00 1,175.06 0.00 0.00%
_11 1 56.1.151480 UNEMPLOYMENT COMP(TWC) 585.00 585.00 0.00 315.00 270.00 46.15%
1115611 52010
-- ------------------------- OFFICE SUPPLIES 5,000.00 5,000.00 387.02 2,950.04 2,049.96 41.00%
1115611 52040
POSTAGE&FREIGHT 300.00 300.00 15.90 239.75 60.25 20.08%
1115611 52810
FOOD SUPPLIES 3,000.00 3,000.00 146.95 2,526.51 473.49 15.78%
1115611 54610
-- ----------------------- FURNITURE&FIXTURES 2,500.00 250.00 0.00 0.00 250.00 100.00%
_11 1 5611 54810.1 COMPUTER HARD/SOFTWARE 7,650.00 7,650.00 0.00 1,975.00 5,675.00 74.18%
1115611 56030
INCENTIVES 1,741,250.00 1,741,250.00 0.00 960,000.00 781,250.00 44.87%
1115611 56040
SPECIAL SERVICES 87,270.00 197,770.00 100,752.50 187,242.23 10,527.77 5.32%
1115611 56041
-- ----------------------- SPECIAL SERVICES-REAL ESTATE 71,000.00 71,000.00 1,956.59 35,058.12 35,941.88 50.62%
_11 1 5611 56.042 SPECIAL SERVICES-INFRASTRUCTURE 9,020,667.00 9,020,667.00 780,739.42 8,633,977.22 386,689.78 4.29%
111561156080
-- --------------------- ADVERTISING 226,125.00 216,125.00 11,607.20 129,314.15 86,810.85 40.17%
_11 1 5611 56.090 COMMUNITY DEVELOPMENT 74,450.00 74,450.00 3,662.99 46,010.85 28,439.15 38.20%
111561156110
-- ---------------------- COMMUNICATIONS 7,900.00 7,900.00 1,410.06 6,485.25 1,414.75 17.91%
_11 1 5611 561801 RENTAL 27,000.00 29,250.00 0.00 27,000.00 2,250.00 7.69%
1115611 56210
-- --------------------- TRAVEL&TRAINING 95,500.00 95,500.00 1,082.32 73,709.25 21,790.75 22.82%
_11 1 5611 5-6-2-5-0- DUES&SUBSCRIPTIONS 91,053.00 91,053.00 3,521.16 83,292.69 7,760.31 8.52%
111561156310
-- --------------------- INSURANCE 6,800.00 6,800.00 0.00 6,119.85 680.15 10.00%
1115611 56510
AUDIT&LEGAL SERVICES 53,000.00 53,000.00 9,923.40 48,174.60 4,825.40 9.10%
1115611 56570
-- --------------------- ENGINEERING/ARCHITECTURAL 855,300.00 855,300.00 83,642.34 279,327.91 575,972.09 67.34%
_11 1 5611 56610. UTILITIES-ELECTRIC 2,400.00 2,400.00 277.83 2,260.98 139.02 5.79%
1115611 57410
-- ---------------------- PRINCIPAL PAYMENT 606,744.04 606,744.04 53,091.44 625,253.60 -18,509.56 -3.05%
_11 1 5611 5-7-4-1-5- INTEREST EXPENSE 625,253.60 625,253.60 49,575.03 606,744.04 18,509.56 2.96%
1115611 58110
-- ---------------------- LAND-PURCHASE PRICE 1,000,000.00 7,700,000.00 4,471,819.61 4,481,819.61 3,218,180.39 41.79%
1115611 58995
CONTRA CAPITAL OUTLAY 0.00 0.00 -4,481,819.61 -4,481,819.61 4,481,819.61 0.00%
................
Expense Total: 15,277,654.96 22,078,335.95 1,174,617.52 12,446,869.69 9,631,466.26 43.62%
Fund:111-WYLIE ECONOMIC DEVEL CORP Surplus(Deficit): -6,049,107.96 -6,049,288.95 5,156,388.83 -881,666.70 5,167,622.25 85.43%
Report Surplus(Deficit): -6,049,107.96 -6,049,288.95 5,156,388.83 -881,666.70 5,167,622.25 85.43%
10/10/2025 3:15:04 PM Page I of 3
F-1()1
1011512025 Item B.
Budget Report For Fiscal:2024-2025 Period Ending:09 30 2025
Group Summary
Variance
Original Current Period Fiscal Favorable Percent
Account Typ... Total Budget Total Budget Activity Activity (Unfavorable) Remaining
Fund:111-WYLIE ECONOMIC DEVEL CORP
Revenue 9,228,547.00 16,029,047.00 6,331,006.35 11,565,202.99 -4,463,844.01 27.85%
Expense 15,277,654.96 22,078,335.95 1,174,617.52 12,446,869.69 9,631,466.26 43.62%
Fund:111-WYLIE ECONOMIC DEVEL CORP Surplus(Deficit): -6,049,107.96 -6,049,288.95 5,156,388.83 -881,666.70 5,167,622.25 85.43%
Report Surplus(Deficit). -6,049,107.96 -6,049,288.95 5,156,388.83 -881,666.70 5,167,622.25 85.43%
10/10,%2025 3:15:04 PM Page 2 of 3
F-111
1O11512O25 Item B.
Budget Report For Fiscal:2024-2025 Period Ending:09 30 2025
Fund Summary
Variance
Original Current Period Fiscal Favorable
Fund Total Budget Total Budget Activity Activity (Unfavorable)
111-WYLIE ECONOMIC DEVEI CO -6,049,107.96 -6,049,288.95 5,156,388.83 -881,666.70 5,167,622.25
Report Surplus(Deficit): -6,049,107.96 -6,049,288.95 5,156,388.83 -881,666.70 5,167,622.25
10/10,%2025 3:15:04 PM Page 3 of 3
F12]
10115120251tem B.
Wylie Economic Development Corporation
Statement of Net Position
As of September 30, 2025
Assets
Cash and cash equivalents $ 11,154,182.15
Receivables $ 1,109,000.00 Note 1
Inventories $ 15,994,175.91
Prepaid Items $ -
Total Assets $ 28,257,358.06
Deferred Outflows of Resources
Pensions $ 84,397.55
Total deferred outflows of resources $ 84,397.55
Liabilities
Accounts Payable and other current liabilities $ 571,112.76
Unearned Revenue $ 1,200.00 Note 2
Non current liabilities:
Due within one year $ 59,967.24 Note 3
Due in more than one year $ 21,283,201.43
Total Liabilities $ 21,915,481.43
Deferred Inflows of Resources
Pensions $ (8,542.41)
Total deferred inflows of resources $ (8,542.41)
Net Position
Net investment in capital assets $ -
Unrestricted $ 6,417,731.77
Total Net Position $ 6,417,731.77
Note 1: Includes incentives in the form of forgivable loans for$34,000(Glen Echo),
$450,000(Phoenix Ascending), $200,000(MLKJ), and$425,000(Blakey)
Note 2: Deposits from rental property
Note 3: Liabilities due within one year includes compensated absences of$32,301
13
1 1011512025 Item B.
WYLIEECONOMIC
DEVELOPMENT Balance Sheet
Account Summary
As Of 09/30/2025
Account Name Balance
Fund:111-WYLIE ECONOMIC DEVEL CORP
Assets
1j_UQL)0tiQUQ CLAIM ON CASH AND CASH EQUIV. 11,152,182.15
.111_1000101 15 CASH-WEDC-INWOOD 0.00
111-_1 000_:M1 1 5� ESCROW 0.00
1111000101210 DEPOSITS 2,000.00
111109-A-Ml18 OTHER-MISC CLEARING 0.00
11,1100010341 TEXPOOL 0.00
LOGIC 0.00
.111-100010481 INTEREST RECEIVABLE 0.00
Li 1-1 LO_0 U Mi_1 ACCTS REC-M ISC 0.00
1€1. 1000 11517 ACCTS REC-SALES TAX 0.00
U-IN-OUZU'D LEASE PAYMENTS RECEIVABLE 0.00
111-100012950 LOAN PROCEEDS RECEIVABLE 0.00
111-1000-12996 LOAN RECEIVABLE 0.00
111 100012997 ACCTS REC-JTM TECH 0.00
_1111�12QCQ_122%a ACCTS REC-FORGIVEABLE LOANS 1,109,000.00
111100014112, INVENTORY-MATERIAL/SUPPLY 0.00
111_D0Q._1iU& INVENTORY-LAND&iBUILDINGS 15,994,175.91
.111100014118 INVENTORY-BAYCO/SANDEN BLVD 0.00
111-1000-14310 PREPAID EXPENSES-MISC 0.00
111-100014410 DEFERRED OUTFLOWS 10,000.00
Total Assets: 28,967,358.06 28,967,358.06
Liability
1112000-20110 FEDERAL INCOME TAX PAYABLE 1,767.20
20111 MEDICARE PAYABLE 539.44
1112000 20112 CHILD SUPPORT PAYABLE 0.00
111-2000-20113 CREDIT UNION PAYABLE 0.00
----------------------------------
111-2000-20114 IRS LEVY PAYABLE 0.00
_111 200020115 NATIONWIDE DEFERRED COMP 200.00
111-2000,20116 HEALTH INSUR PAY-EMPLOYEE 1,450.87
1,11200020117 TMRS PAYABLE 13,490.45
11.1-2000-20118 ROTH IRA PAYABLE 0.00
J 1_1 2-0-0-0--2-0-11-9- WORKERS COMP PAYABLE 0.00
FICA PAYABLE 2,306.58
111-200020121 TEC PAYABLE 0.00
1112000-20122 STUDENT LOAN LEVY PAYABLE 0.00
111 2000 20023 ALIMONY PAYABLE 0.00
111-2000-20124 BANKRUPTCY PAYABLE 0.00
.111 200020125 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 i 9,274.92
1.11200020131, EDWARD JONES DEFERRED COMP 0.00
111-2000-20132 EMP CARE FLITE 0.00
.111200020133 Unemployment Comp Payable 13.70
111-2000,20151, ACCRUED WAGES PAYABLE 0.00
111-2000 20180 ADDIT EMPLOYEE INSUR PAY 143.30
--------------------------------
111-2000-20199 MISC PAYROLL PAYABLE 0.00
------------------
111-200020201 AP PENDING 0.00
I1l,2000-20210 ACCOUNTS PAYABLE 14,216.90
1_1 1200020530 PROPERTY TAXES PAYABLE 0.00
1,11-2000--20540 NOTES PAYABLE 710,000.00
111 20022061.0 RETAINAGE PAYABLE 527,436.48
10/10/2025 3 14:30 Pl�i pag I of 4
F14]
1 1011512025 Item B.
Balance Sheet As Of 09/30/2025
Account Name Balance
111-2000-20810 DUE TO GENERAL FUND 0.00
111200022270 DEFERRED INFLOW 0.00
111-2000-2227a DEF INFLOW-LEASE PRINCIPAL 0.00
111 2000 22280 DEFERRED INFLOW-LEASE INT 0.00
-------------------------------------
111-2000-22915 RENTAL DEPOSITS 1,200.00
Total Liability: 1282,039.84
Equity
111-3000-341,10 FUND BALANCE-RESERVED 0.00
111300034590 FUND BALANCE-UNRESERV/UNDESIG 28,566,712.00
Total Beginning Equity: 28,566,712.00
Total Revenue 11,565,202.99
Total Expense 12,446,869.69
Revenues Over/Under Expenses -881,666.70
Total Equity and Current Surplus(Deficit): 27,685,045.30
Total Liabilities,Equity and Current Surplus(Deficit): 28,967,085.14
***FUND 111 OUT OF BALANCE*** 272.92
'Warning:Account Authorization is turned on. Please run the Unauthorized Account Listing Report to see if you are out of balance due to missing accounts
10/10/2025 3 14:30 PM Page 2 of 4
F15]
1011512025 Item B.
Balance Sheet As Of 09 30 2025
Account Name Balance
Fund:922-GEN LONG TERM DEBT(WEDC)
Assets
Total Assets: 0.00 0.00
Liability
3 ?2000 1 248 GOVCAP LOAN/SERIES 2022 7,281,368.05
Total Liability: 7,281,368.05
Total Equity and Current Surplus(Deficit): 0.00
Total Liabilities,Equity and Current Surplus(Deficit): 7,281,368.05
***FUND 922 OUT OF BALANCE*** -7,281,368.05
***Warning:Account Authorization is turned on. Please run the Unauthorized Account Listing Report to see if you are out of balance due to missing accounts***
10/1.0,%2025 3:14:30 PM Page 3 of 4
F16]
1011512025 Item B.
Balance Sheet As Of 09 30 2025
Account Name Balance
Fund:999-POOLED CASH FUND
Assets
Total Assets: 0.00 0.00
Liability
Total Liability: 0.00
Total Equity and Current Surplus(Deficit): 0.00
Total Liabilities,Equity and Current Surplus(Deficit): 0.00
10/1.11,%2025 3:14:30 PM Page 4 of 4
F17]
10115120251tem B.
Wylie Economic Development Corporation
SALES TAX REPORT
September 30, 2025
BUDGETED YEAR
DIFF % DIFF
MONTH FY 2022 FY 2023 FY 2024 FY 2025 24 vs. 25 24 vs. 25
DECEMBER $ 263,577.66 $ 338,726.54 $ 374,686.38 $ 390,604.04 $ 15,917.66 4.25%
JANUARY $ 326,207.92 $ 368,377.73 $ 393,994.39 $ 382,610.55 $ (11,383.84) -2.89%
FEBRUARY $ 417,896.79 $ 480,381.11 $ 265,491.94 $ 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 $ 392,577.13 $ 18,351.93 4.90%
AUGUST $ 429,696.16 $ 448,253.70 $ 463,185.29 $ 464,675.10 $ 1,489.80 0.32%
SEPTEMBER $ 337,512.61 $ 371,880.65 $ 408,571.56 $ 413,833.25 $ 5,261.69 1.29%
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 $ 4,158,980.58 $ 133,112.25 7.86%
Total $ 4,161,281.96 $ 4,611,795.64 $ 4,874,240.18 $ 4,158,980.58 $ 133,112.25 7.86%
WEDC Sales Tay Analysis
$700,000
$600,000
$500,000
$400,000
$300,000 _ 2024
2025
$200,000
$100,000
$o
P
*'*Sales Tax collections typically take 2 months to be reflected as Revenue. SIsTx receipts are then accrued back 2 months.
Example:September SIsTx Revenue is actually July SIsTx and is therefore the 10th allocation in FY25.
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10115120251tem B.
Wylie Economic Development Corporation
Inventory Subledger(Land)
September 30,2025
Property Purchase Date Address Acreage SF Improvements Cost Basis Sub-totals
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 We $ 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 We $ 400,334.00
Lot 2R3 7/24/14 Cooper Dr. 0,9500 41382 n/a $ 29,056.00 $ 1,252,463.75
Regency Dr. Regeanoy Pk.(cortr,acQ 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 Corridor Blakey 9/29/25 Davidson Survey,Tract 46&42 8.573 373440 We $ 4,481,819.61 $ 4,481,819.61
544 Gateway 1 of 2Pa(under centiacij Replat 1/23 544 Gateway Addition 1.483 64617 We $ 793,033.69
(Lot 6 Sold) Lot 3R Replat 1/23 544 Gateway Addition 0,846 36847 n/a $ 452,217.10
(Lot 1R Sold) Lot4R Replat 1/23 544 Gateway Addition 1.183 51518 me $ 632,271.85
(Lot 5R Sold) Lot 7R Replat 1/23 544 Gateway Addition 0,931 40576 n/a $ 497,982.50 $ 2,375,505.14
Downtown Heath 3/17/14 104 N.Jackson 0,1720 7492 n/a $ 220,034.00
Udoh 2/12114 109 Marble 0.1700 7405 We $ 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 me $ -
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 We $ 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 We $ 26,684.86 $ 3,264,982.74
South Ballard Birmingham Trust 6/3/15 505-607 S.Ballard 1.1190 48744 We $ 409,390.00
Murphy 3/7/19 701 S.Ballard 0,2000 8712 n/a $ 172,487.04
Marlow 3/31122 305 S.Ballard 0.1865 8125 me $ 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 me $ 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 We $ 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 We $ 519,426.93 $ 3,303,362.54
Total 37.8440 $ 387,700.00 5,011 $ 15,994,175.72 $ 15,994,175.72
F20]
10115120251WYLIEEDC tem C.
Wylie Economic Development
Board
AGENDA REPORT
Meeting Date: October 15, 2025 Item Number: C
Prepared By: Jason Greiner
Consider and act upon a Performance Agreement between the WEDC and SCSD-Finnell, Ltd.
MEMIMIT1111"TIM ME
Motion to approve a Performance Agreement between the WEDC and SCSD-Finnell,Ltd.
As the Board will recall, the WEDC approved a Performance Agreement with Project 2022-1c (SCSD-Finnell, Ltd) in
an amount not to exceed$1.2MM, subject to City Council approval,on September 18,2024. Additionally, on October 8,
2024, City Council authorized the WEDC to enter into a Performance Agreement with Project 2022-1c in an amount not
to exceed $1.2MM. For clarity, Staff is simply bringing this item back to the Consent Agenda with the inclusion of the
LLC name, as both former approvals were tied only to"Project 2022-1c".
From our previous discussions, SCSD-Finnell, Ltd requested assistance from the WEDC specifically related to the
development of the 10-acre mixed-use development at the southeast corner of Hwy 78 and Kreymer Lane. SCSD plans
to construct a new 13,479 square foot commercial building and install $1.2M in offsite infrastructure. The development
will include an estimated 40,000 SF of retail, restaurant, office, and/or medical buildings. The following Agreement
outlines a$1.2MM infrastructure reimbursement incentive,payable over a two-year period.
The Performance Measures and Incentive Payments are identified as follows:
Incentive No. 1 .................................................................. $600,000
➢ Proof of Certificate of Completion on the 13,479 SF retail/restaurant building, and
➢ Proof of Qualified Infrastructure investment of at least$1,200,000.00, and
➢ Proof of Total Project Cost,and
➢ Company is current on all ad valorem taxes and other property taxes.
Incentive No. 2 .................................................................. $600,000
➢ Proof of Certificate of Occupancy, one year from the anniversary of CC; and
➢ Proof of continuous ownership of property through 1st anniversary of Completion Date.
➢ Proof of paid permit receipt on or before CO Deadline.
➢ Company is current on all ad valorem taxes and other property taxes.
F21]
10115120251tem C.
Should SCSD-Finnell,Ltd fail to meet the Performance Measures for Incentive No. 1,the entire Performance Agreement
is voided in advance. Further,no partial incentive payments will be provided.
Economic Impact Analysis(EIA): The estimated valuation for this entire project is approximately$350/SF or$16.6MM.
With the WEDC's Infrastructure Reimbursement of$1.2MM, this project will generate an estimated$4.IMM in overall
tax revenue for the City of Wylie over the next 10 years.For every$I the WEDC invests, this developer is investing$3.46
in our community.
Additional estimates of tax revenue generated include$369,401 for Collin County, $2,655,924.for WISD, and$184,401
for Collin College over the next 10years. Using the adjusted$7,362,889 in estimated tax revenue,for every$1 the WEDC
invests, this developer is investing$6.13 in our community.
22
1011512025Item 1.
WYLIEEDC Wylie Economic Development
Board
AGENDA REPORT
Meeting Date: October 15, 2025 Item Number: 1
Prepared By: Jason Greiner (Staff Use Only)
•
Consider and act upon issues surrounding the Election of Officers for the WEDC Board of Directors for 2025-2026.
Staff recommends that the WEDC Board of Directors elect officers for the upcoming year.
Discussion 0
Section 5.02 of the WEDC Bylaws state:
"The Vice President shall be elected by the Board and shall serve a term of one (1)year. On the expiration of the term
of office of the Vice President, the Vice President shall succeed to the of
fice of President, the then-current President shall
cease to be President but shall continue as a member of the Board, and the Board shall elect a new Vice President from
among its Members to hold such office. The term of office of the President and Vice President shall always be for a period
of one year;provided, however, that the President and Vice President continue to serve until the election of the new Vice
President.
The Secretary and Treasurer shall be selected by the members of the Board and shall hold office for a period of one (1)
year;provided, however, that they shall continue to serve until the election of their successors. Elections shall be held in
October at a regular or special meeting of the Board."
As such, on an annual basis and following the selection of WEDC Board Members by the Wylie City Council,the
WEDC elects officers for the upcoming year. Provided for your review is ARTICLE V.- OFFICERS of the WEDC
Bylaws which provide for the selection of officers and the duties of the same.
The 2024-2025 WEDC Board Officers were:
Demond Dawkins ...............................................................................................President
Blake Brininstool........................................................................................Vice President
HaroldSmith.......................................................................................................Secretary
Vacant.................................................................................................................Treasurer
Melisa Whitehead......................................... Board Member(Immediate Past President)
Alan Dayton...............................................................................................Board Member
Attachment:
WEDC Bylaws, Article V
F23]
1011512025Item 1.
The duly appointed members of the Board shall serve without compensation but shall be
reimbursed for actual or commensurate cost of travel, lodging and incidental expense while on official
business of the Board in accordance with State law.
4.11 Voting;;Action of the Board of Directors
Directors must be present in order to vote at any meeting. Unless otherwise provided in these
Bylaws or in the Articles of Incorporation or as required by law,the act of a simple majority present shall
be the act of the Board of Directors.In the event that a Director is aware of a conflict of interest or
potential conflict of interest,with regard to any particular vote,the Director shall bring the same to the
attention of the meeting and shall abstain from the vote,unless the Board determines that no conflict of
interest exists. Any Director may bring to the attention of the meeting any apparent conflict of interest or
potential conflict of interest of any other Director,in which case the Board shall determine whether a true
conflict of interest exists before any vote shall be taken regarding that particular matter.The Director as to
whom a question of interest has been raised shall refrain from voting with regard to the determination as
to whether a true conflict exists.
4.12 Board's Relationship with City Council
In accordance with State law, the City Council shall require that the Wylie Economic
Development Corporation be responsible to it for the proper discharge of its duties assigned in this article.
The Board shall determine its policies and direction within the limitations of the duties herein imposed by
applicable laws,the Articles of Incorporation,these Bylaws, contracts entered into with the City, and
budget and fiduciary responsibilities.
4.13 Board's Relationship with Administrative Departments of the City
Any request for services made to the administrative departments of the City shall be made by the
Board of its designee in writing to the City Manager. The City Manager may approve such request for
assistance from the Board when he/she finds such requested services are available within the
administrative departments of the City and that the Board has agreed to reimburse the administrative
department's budget for the costs of such services so provided.
4.14 Board Handbook
The Board has established a Board Member Handbook setting forth additional expectations and
requirements applicable to members of the Board. All Board members shall be given a copy of the Board
Member Handbook and shall familiarize themselves with its contents. The Board Member Handbook
may be modified by the Board from time to time.
ARTICLE V
OFFICERS`
5.01 Officers of the Corporation
The elected officers of the Corporation shall be a President,Vice President, Secretary, and Treasurer. The
Board may resolve to elect one or more Assistant Secretaries or one or more Assistant Treasurers as it
may consider desirable. Such officers shall have the authority and perform the duties of the office as the
Board may from time to time prescribe or as the Secretary or Treasurer may from time-to-time delegate to
his/her respective Assistant. Any two (2) or more offices may be held by the same person, except the
offices of President and Secretary.
24
1011512025Item 1.
5.02 Selection of Officers
The Vice President shall be elected by the Board and shall serve a term of one(1)year. On the
expiration of the term of office of the Vice President,the Vice President shall succeed to the office of
President,the then-current President shall cease to be President but shall continue as a member of the
Board, and the Board shall elect a new Vice President from among its Members to hold such office. The
term of office of the President and Vice President shall always be for a period of one year;provided,
however,that the President and Vice President continue to serve until the election of the new Vice
President.
The Secretary and Treasurer shall be selected by the members of the Board and shall hold office for a
period of one(1)year;provided, however, that they shall continue to serve until the election of their
successors. Elections shall be held in October at a regular or special meeting of the Board.
Any officer meeting the qualifications of these Bylaws may be elected to succeed himself/herself or to
assume any other office of the Corporation.
5.03 Vacancies
Vacancies in any office which occur by reason of death,resignation, disqualification,removal, or
otherwise, shall be filled by the Board of Directors for the unexpired portion of the term of that office in
the same manner as other officers are elected to office.
5.04 President
1. The President shall be the presiding officer of the Board with the following authority:
a. Shall preside over all meetings of the Board.
b. Shall have the right to vote on all matters coming before the Board.
c. Shall have the authority,upon notice to the members of the Board,to call a special
meeting of the Board when in his/her judgment such meeting is required.
d. Shall have the authority to appoint standing committees to aid and assist the Board in its
business undertakings of other matters incidental to the operation and functions of the
Board.
e. Shall have the authority to appoint ad hoc committees which may address issues of a
temporary nature or concern or which have a temporary effect on the business of the
Board.
2. In addition to the above mentioned duties,the President shall sign with the Secretary of
the Board any deed,mortgage,bonds, contracts, or other instruments which the Board of Directors has
approved and unless the execution of said document has been expressly delegated to some other officer or
agent of the Corporation,including the Director of Economic Development,by appropriate Board
resolution,by a specific provision of these Bylaws, or by statute. In general,the President shall perform
all duties incident to the office, and such other duties as shall be prescribed from time to time by the
Board of Directors.
F25]
1011512025Item 1.
5.05 Vice President
In the absence of the President, or in the event of his/her inability to act,the Vice President shall
perform the duties of the President. When so acting,the Vice President shall have all power of and be
subject to all the same restrictions as upon the President. The Vice President shall also perform other
duties as from time to time may be assigned to him/her by the President.
5.06 Secretary
The Secretary shall keep or cause to be kept, at the registered office a record of the minutes of all
meetings of the Board and of any committees of the Board. The Secretary shall also file a copy of said
Minutes with the City and the same to be given,in accordance with the provisions of these Bylaws, or as
required by the Open Meetings Act or the Open Records Act or other applicable law. The Secretary shall
be custodian of the corporate records and seal of the Corporation, and shall keep a register of the mailing
address and street address,if different, of each director.
5.07 Treasurer
The Treasurer shall be bonded for the faithful discharge of his/her duties with such surety or
sureties and in such sum as the Board of Directors shall determine by Board resolution,but in no event
shall the amount of such bond be less than an amount equal to the average of the sums which the
Treasurer has access to and the ability to convert during a twelve(12)month period of time. The
Treasurer shall have charge and custody of and be responsible for all funds and securities of the
Corporation. The Treasurer shall receive and give receipt for money due and payable to the Corporation
from any source whatsoever, and shall deposit all such moneys in the name of the Corporation in such
bank,trust corporation, and/or other depositories as shall be specified in accordance with Article VII of
these Bylaws. The treasurer shall,in general,perform all the duties incident to that office, and such other
duties as from time to time assigned to him/her by the President of the Board.
5.08 Assistant Secretaries and Assistant Treasurers
The Assistant Secretaries and Assistant Treasurers,if any, shall in general,perform such duties as
may be assigned to them by the Secretary or the Treasurer, or by the President of the Board of Directors.
5.09 Director of Economic Development
The Corporation may employ a Director of Economic Development. The Director of Economic
Development shall serve as the Chief Executive Officer of the Corporation and shall oversee all
administrative functions of the Corporation. The Director shall develop policies and procedures for the
Corporation including financial, accounting, and purchasing policies and procedures to be approved by
the Board and City Council. The Director of Economic Development is hereby authorized to make
purchases and/or expenditures not exceeding$25,000.00 without obtaining any approval or consent.
5.10 Other Employees
The Corporation may employ such full or part-time employees as needed to carry out the
programs of the Corporation.
5.11 Contracts for Services
The Corporation may contract with any qualified and appropriate person, association, corporation
F26]
1011512025Item 1.
or governmental entity to perform and discharge designated tasks which will aid or assist the Board in the
performance of its duties.However,no such contract shall ever be approved or entered into which seeks
or attempts to divest the Board of Directors of its discretion and policy-making functions in discharging
the duties herein above set forth in this section.
ARTICLE VI
COMMITTEES
6.01 Qualifications for Committee Membership
Members of committees shall be appointed by the President and approved by the Board.
Committee members need not be members of the Wylie Economic Development Corporation unless
required by these Bylaws or Board resolution.
6.02 Standing;Committees
The President shall have authority to appoint the following standing committees of the Board and
such other committees as the Board may deem appropriate in the future:
Budget,Finance and Audit Committee: This committee shall have the responsibility of working
with the Director, or the contractual entity performing as Director as the case may be, in the formation
and promotion of the annual budget of the Board. The Committee shall present such budget to the Board
and,upon approval, shall present,in accordance with these Bylaws, said budget to the City Council.In
addition to the preparation of the budget,the committee shall keep the Board advised in such matters. The
Committee shall further have the responsibility to oversee and work with auditors of the City or outside
auditors when audits of the Board are being performed.
Committee for Business Retention and Expansion: This committee shall work with the Director
of Economic Development and shall keep the Board informed of all development and activities
concerning business retention and expansion.
Committee for New Business Attraction and Recruitment: This committee shall work with the
Director of Economic Development and shall keep the Board informed of all developments and activities
concerning business attraction and recruitment.
6.03 Special Committees
The President may determine from time to time that other committees are necessary or
appropriate to assist the Board of Directors, and shall designate, subject to Board approval,the members
of the respective committees.
No such committee shall have independent authority to act for or instead of the Board of
Directors with regard to the following matters: amending, altering, or repealing the Bylaws; electing,
appointing, or removing any member of any such committee or any Director or Officer of the
Corporation; amending the Articles of Incorporation; adopting a plan of merger or adopting a plan of
consolidation with another corporation; authorizing the sale,lease, exchange, or mortgage of all or
substantially all of the property and assets of the Corporation; authorizing the voluntary dissolution of the
Corporation or revoking the proceedings thereof, adopting a plan for the distribution of the assets of the
Corporation; or amending,altering, or repealing any resolution of the Board of Directors which by its
terms provides that it shall not be amended, altered,or repealed by such committee.
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1011512025 Item 2.
WYLIEEDC Wylie Economic Development
Board
AGENDA REPORT
Meeting Date: October 15, 2025 Item Number: 2
Prepared By: Jason Greiner (Staff Use Only)
•
Consider and act upon the establishment of a Regular Meeting Date and Time for the WEDC Board of Directors for
2025-2026.
Staff recommends that the WEDC President establish a regular meeting date and time for 2025-2026.
Section 4.07 of the WEDC Bylaws state:
"The President of the Board shall set regular meeting dates and times at the beginning of his/her term."
WEDC Board Meetings are currently formally set for the third Wednesday of each month at 7:30 a.m. With officers
elected via the previous Action Item, the WEDC President is required to establish the Regular Meeting date/time.
Attached for our review is WEDC Bylaws, Section 4.07.
Should the Board continue to meet on the third Wednesday of each month, regular meetings would take place on the
following dates in the 2026 calendar year:
January 21,2026
February 18, 2026 * ICSC Red River February 17-18
March 18, 2026 * WISD Spring Break March 16-20
April 15, 2026
May 20, 2026 * ICSC Las Vegas May 18-20
June 17, 2026 * TEDC Mid-Year Conference June 17-19
July 15, 2026
August 19, 2026
September 16, 2026
October 21, 2026
November 18,2026
December 16,2026
*Potential known conflicts have been identified for review by the Board. Once meeting dates have been established for
the calendar year, staff will provide calendar appointments to the Board accordingly.
Attachment:
WEDC Bylaws, Section 4.07
F28]
1011512025 Item 2.
funds left unexpended and any commitment made on said unexpended funds.
4.05 Implied Duties
The Wylie Economic Development Corporation is authorized to do that which the Board deems
desirable to accomplish any of the purposes or duties set out or alluded to in Section 4.04 of these Bylaws
and in accordance with State law.
4.06 Tenure
Directors will be elected to serve terms of three (3)years, and Directors may serve for an
unlimited number of consecutive terms.
4.07 Meetings;Notice;Conduct+
The Board shall attempt to meet at least once each month within the city of Wylie, at a place and
time to be determined by the President. All meetings of the Board shall provide notice thereof as provided
and as required by the Open Meetings Act. Any member of the Board may request that an item be placed
on the agenda by delivering the same in writing to the secretary of the Board prior to the posting of the
notice required by the Open Meetings Act. The President of the Board shall set regular meeting dates and
times at the beginning of his/her term. Special Meetings may be called by any member of the Board in
accordance with the provisions of the Open Meetings Act.
The notice shall contain information regarding the particular time, date, and location of the
meeting and the agenda to be considered. All meetings shall be conducted in accordance with the Open
Meetings Act.
The annual meeting of the Board of Directors shall be held in October of each year. The Board
may retain the services of a recording secretary if required.
4.08 Attendance; Vacancy
Regular attendance of the Board meetings is required of all Members. The following number of absences
may require replacement of a member: three(3) consecutive absences, or attendance reflecting absences
constituting 25%of the Board's regular meetings over a 12-month period. In the event that the Board
elects to replace the member violating the attendance requirements, the member will be notified by the
President and, subsequently, the President shall submit in writing to the City Secretary the need to replace
the Board member in question. Any vacancy on the Board shall be filled by appointment by the City
Council of a new member or members meeting the qualifications set out in Section 4.02 above. When a
person is appointed to fill a vacancy on the Board of Directors to finish out the remainder of a former
Director's term, the term served by the appointee shall not count as a full term by such appointee for
purposes of the term limits set forth in Section 4.06 above.
4.09 Quorum
A majority of the entire membership of the Board of Directors shall constitute a quorum and shall
be required to convene a meeting. If there is an insufficient number of Directors present to convene the
meeting,the presiding officer shall adjourn the meeting.
4.10 Compensation
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1011512025 Item 3.
WYLIEEDC Wylie Economic Development
Board
AGENDA REPORT
Meeting Date: October 15, 2025 Item Number: 3
Prepared By: Jason Greiner (Staff Use Only)
Subject I
Consider and act upon a Third Amendment to the Purchase and Sale Agreement between the WEDC and Aktrian
Holdings, LLC.
Motion to approve a Third 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 I
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. The WEDC Board approved a First Amendment to
the Purchase and Sale Agreement on March 19, 2025, and a Second Amendment on July 16, 2025.
This item is being brought back to the Board due to additional 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 Third Amendment extends the Feasibility Period deadline by 90 days, from October 12, 2025,to January
10, 2026.
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
Second Amendment:
• Amended Feasibility Period Expiration with a 90-day extension: October 12, 2025
• Amended Closing Date on or before: November 11,2025
Proposed Third Amendment:
• Amended Feasibility Period Expiration with a 90-day extension: January 10, 2026
• Amended Closing Date on or before: February 9, 2026
30
1011512025 Item 3.
THIRD AMENDMENT TO REAL ESTATE SALES CONTRACT
THIS THIRD AMENDMENT TO REAL ESTATE SALES CONTRACT
("Amendment") is effective on October 15, 2025, between WYLIE ECONOMIC
DEVELOPMENT CORPORATION ("Seller") and AKTRIAN HOLDINGS LLC, a Texas
limited liability company("Purchaser").
RECITALS
WHEREAS, the parties hereto entered into that certain Real Estate Sales Contract, dated
to be effective October 17,2024, as amended by that certain First Amendment to Real Estate Sales
Contract, dated to be effective March 19, 2025 and Second Amendment to Real Estate Sales
Contract, dated to be effective July 16, 2025 (collectively, the "Contract"), whereby Seller agreed
to sell to Purchaser and Purchaser agreed to purchase from Seller Lot 3, Block B, of Regency
Business :Park Addition, Phase One, an addition to the City of Wylie, Collin County, Texas (the
"Land"), together with all benefits, privileges, easements, tenements, hereditaments, rights and
appurtenances thereon or pertaining to such Land (collectively the "Property"), as further
described in the Contract; and
WHEREAS, Seller and Purchaser desire to amend the Contract in certain respects as set
forth below.
NOW THEREFORE, in consideration of the Property, and other good and valuable
consideration,the receipt and sufficiency of which the parties hereby acknowledge and the Parties
agree herein to amend the Contract as follows:
1. Capitalized Terms. Unless otherwise defined herein, capitalized terms shall have
the meaning as set forth in the Contract.
2. Inspection Period Extension. Section 3.04 of the Contract is hereby amended to
extend the Feasibility :Period by an additional ninety (90) days, such that the Feasibility Period as
herein extended shall expire on January 10, 2026.
3. Continued Validity. Except as amended herein,each and every term of the Contract
shall remain in full force and effect as originally written and executed.
4. Counterparts/Delivery. This instrument may be executed in any number of
counterparts and by the different parties on separate counterparts, and each such counterpart shall
be deemed to be an original but all such counterparts shall together constitute one and the same
agreement. The parties hereto may execute and deliver this instrument by forwarding facsimile,
telefax, electronic pdf or other means of copies of this instrument showing execution by the parties
sending the same. The parties agree and intend that such signature shall have the same effect as an
original signature, that the parties shall be bound by such means of execution and delivery, and
that the parties hereby waive any defense to validity based on any such copies or signatures.
5. Captions. Headings of paragraphs are for convenience of reference only and shall
not be construed as part of this Amendment.
[SIGNATURE PAGE FOLLOWS]
Third Amendment to Real Estate Sales Contract-Page 1
4295083
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1011512025 Item 3.
IN WITNESS WHEREOF,the parties have caused this Amendment to be executed as of
the date set forth above.
SELLER:
WYLIE ECONOMIC DEVELOPMENT
CORPORATION
By:
Blake Brininstool, President
PURCHASER:
AKTRIAN HOLDINGS LLC,
a Texas limited liability company
By:
Anil P Asher, Principal
Third Amendment to Real Estate Sales Contract-Page 2
4295083
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1011512025ItWYLIEEDC em DS1.
Wylie Economic Development
Board
AGENDA REPORT
Meeting Date: October 15, 2025 Item Number: DS1
Prepared By: Jason Greiner
Discussion regarding the Performance Agreement between WEDC and MLKJ Investments, LLC.
Recommendation I
[7No action is requested by staff for this item.
Staff will lead the discussion regarding the Performance Agreement between WEDC and MLKJ Investments, LLC.
F33]
1011512025 It DS2.
WYLIEEDC Wylie Economic Development
Board
AGENDA REPORT
Meeting Date: October 15, 2025 Item Number: DS2
Prepared By: Jason Greiner
•
Discussion regarding future WEDC Board Retreats/Work Sessions.
Recommendation I
No action is requested by staff for this item.
Discussion I
Staff will lead the discussion regarding future WEDC Board Retreats/Work Sessions.
In preparation for the WEDC Board Retreat/Work Session, Staff has provided a recap of the 2025 Goals & Objectives
and progress made toward accomplishing these goals. These goals were included in the FY24 Annual Report and remain
a priority of the WEDC.
F34]
1011512025 It DS2.
2025 Goals & Objectives
Downtown Revitalization and Expansion
• TxDOT-Median Improvements/Decel Lane Installation
■ Project Completed in FY25
• Cooper Plaza-Infrastructure Installation
■ Completed punch list&walk-thru of project on 10-8-25
• Cooper Plaza—Updated Concept Plans &Market/Sell Lots—Ongoing
■ 7-Eleven slated to complete construction in Fall 2025
■ Working on Lot 6 and 2nd Street Concept plans
• Jackson Avenue Parking, Engineering&Design—Late 2025
■ Anticipate completed construction plans for Downtown Parking
(Jackson/Oak/Ballard/Marble) by December 2025. Concept plans to follow for Jackson
Ave. Development.
• RR ROW-Plan/Install Additional Parking- TBD
• Birmingham Street&Jefferson Avenue—Road Extensions—TBD
• South Ballard Overlay&Concept Plans—TBD
544 Gateway Corridor
• 544 Gateway Addition-John Yeager Way-Infrastructure Installation
■ Project at 85%completion;pending TxDOT approval concerning turn lane, with
construction time estimate at 30-45 days following receipt of the updated permit.
• 544 Gateway Addition-Market/Sell WEDC Properties—Ongoing
■ Lot 1: Sold-2 Acres Shadyside (Walk-Ons)
■ Lot 2: Under Contract—SCSD
■ Lot 3: TUA for Walk-Ons Construction thru 3-2026/Parking IPO—Fall 2025
■ Lot 4:Detention
■ Lot 5: Sold-Lanspring Investments (Cates Control Systems)
■ Lot 6: Sold-Phoenix Ascending(Day Lumber)
■ Lot 7:Marketing-Pending PSA (need IPO for Lot 3 parking)
• 544 Corridor Flood Study&IPO for City's 19 AC
■ 544 Corridor Master Drainage Analysis
o Updated drainage analysis has been completed.
■ 544 Corridor Master Plan
o In progress with Kimley Horn
Hwy 78 Developments (Eubanks to Wylie East)
• Atmos Gas -Main Line Extension and Installation—Fall 2025
■ Permit pending approval by TxDOT
• TxDOT Median Improvements/Decel Lanes Installation—Early 2025 to Early 2026
Expand/Promote BRE and Workforce Programs
• Expand relationships with Community Resource Partners
■ Career Fairs/Hiring Events/ Seminars
■ FIR Roundtable/CEO Roundtable/Community Roundtable
35
1011512025 It DS2.
• Grow MFG Day/Month&Training Opportunities Locally
■ Expand Tour Options, Locations, and Hours for the General Public
o Business Appreciation Event added to MFG Day activities
■ Expand the Workforce Luncheon,MFG Dinner, and Networking Event
• Expand/Promote Entrepreneurship and Small Business Assistance Programs
■ Expand Training&Enrichment Programs with the Chamber&WDMA
o Social Media Rescue(semi-annual&ongoing) & Wylie Entrepreneur Expo (Early
2026)
■ Grow Small Business Week Awareness and Promote EconDev Week
■ Grow the Entrepreneur Expo & Small Business Support Programs
o ESL Programming, Grant Exploration, &SDF applications
o $100,000 in Workforce Grant Applications pending or submitted for local
employers
Additional Initiatives Identified in FY25
• Secure Additional Funds for Property Acquisition: $6,800,500 WEDC Loan acquired in Sept 2025
• Acquisition of Properties: 8.573-acre tract acquired Sept 2025 &3.66-acre tract under contract
• Hooper/Steel/Regency Business Park(Shadow Creek Village)—RBP drainage assessment
coming soon; assisting with infrastructure, utility relocation, and engineering
• Water/Sewer Extension State Hwy 78/Alanis: Bid approved for project; coordinating with Stealth
Finishing
• IPO Eubanks Road Design/Engineering:]PO pending
• State Hwy 78 Sidewalks: Construction plans are anticipated within the next month. (East Marble
to South Ballard along SH 78(includes a sidewalk connection at the intersection of SH 78 and East
Oak that travels to The Cross Church parking lot).
• Sale of 25 Steel Road:Property is under contract;engineering and drainage assessment underway
• Feasibility Study: WEDCproactively identified emerging opportunities and explored the viability
of other uses.
• Discover Wylie License Agreement: WEDC and Wylie Downtown Merchants Association entered
into a mutual trademark and URL/website license agreementfor use of the `Discover Wylie"
brand by WEDC and use of'the `Historic Downtown Wylie"brand by WDMA. Additionally, the
WEDC entered into a Marketing Partnership with WDMA. These efforts are intended to position
Wylie as a premier destination for residents, visitors, and businesses by delivering a modern,
cohesive, and user-friendly digital presence.
• Discover Wylie/Historic Downtown Wylie Website: WEDC entered into a Services Agreement
with Granicus/Simpleview for visual identity and website redesign services, with the first kickoff
call soon to be scheduled.
F36]