07-16-2025 (WEDC) MinutesWylie Economic Development Corporation
Board of Directors Regular Meeting
July 16, 2025 — 7:30 A.M.
WEDC Offices — Conference Room
250 S Ilwy 78 — Wylie,'I'X 75098
CALL TO ORDER
Announce the presence of a Quorum
President Demond Dawkins called the meeting to order at 7:31 a.m. Board Members present were Blake
Brininstool, Harold Smith, Melisa Whitehead, and Alan Dayton.
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 N4arissa Butts, and Office Manager Christy Stewart.
INVOCATION & PLEDGE OF ALLEGIANCE
Demond Dawkins gave the invocation and 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 June 1.8, 2025 Regular Meeting of the
WEDC Board of Directors.
B. Consider and act upon approval of the June 2025 WEDC Treasurer's Report.
Board Action
A motion was made by Blake Brininstool, seconded by Harold Smith, to approve the Consent
Agenda. A vote was taken, and the motion passed 5-0.
President Dawkins moved to Discussion Item 3.
DISCUSSION ITEMS
DS3. Staff report: WEDC Property Update, Temporary Access Agreements, Downtown Parking,
Engineering Report, Upcoming Events, and WEDC Activities/Programs.
Discussion
Staff introduced Brittany Rouse and Keaton Cox with Kimley-Horn, who provided engineering
updates on multiple ongoing projects, including State Highway 78 TxDOT Improvements, Cooper
WEDC - Minutes
July 16, 2025
Page 2 of 5
Plaza, 544 Gateway, State Highway 78 & Alanis Drive Utility Extension, Downtown Parking,
Regency Business Park, and FM 544 Corridor Master Plans. The Board discussed ensuring that there
is no duplication of engineering efforts between the City of Wylie and WEDC. Staff and Kimley
Horn assured the Board that there is no duplication of efforts.
President Dawkins then moved to Executive Session.
Exwunw SESSION
Recessed into Closed Session at 7:59 a.m. in compliance with Section 55 1.001, et. seq. Texas Government
Code, to wit:
See. 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[Browu, and State Hwy
78/Skyview.
See. 551.074. PERSONNEL MATTERS; CLOSED MEETING.
(a) This chapter does not require a govern rental 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, 20224c,
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.
President Dawkins left the meeting during Executive Session at 9:31 a.m.
RECONVENE INTO OPEN SESSION
Take any action as a result of the Executive Session.
Vice President Brininstool reconvened into Open Session at 9:31 a.m. and the Board took the following
action:
Board Action
A motion was made by Melisa Whitehead, seconded by Harold Smith, to authorize the WEDC to
enter into a Performance Agreement with Lanspring Investments, LLC/Cates Control Systems
(Project 2024-2d) in an amount not to exceed $600,000. A vote was taken and the motion passed
4-0.
WEDC — Minutes
July 16, 2025
Page 3 of 5
Board Action
A motion was made by Harold Smith, seconded by Mclisa Whitehead, to authorize the WEDC to
enter into a Performance Agreement with Project 2023-11 b in an amount not to exceed $100,000,
subject to Council approval, A vote was taken. and the motion passed 4-0.
Vice President Brininstool then moved to the Regular Agenda Items.
REGULAR AGENDA
L Consider and act upon a Second Amendment to the Purchase and Sale Agreement between the
WEDC and Aktrian Holdings, LLC.
Discussion
Staff reminded the Board of the Purchase and Sale agreement approved on October 16, 2024. Staff
stated that there have been some delays due to the Regency Business Park drainage analysis, flood
studies, and regional improvements; therefore, they are requesting a 90-day extension. of the
Feasibility Period deadline. Approval of the Second Amendment would extend the Feasibility Period
deadline from April 15, 2025, to July 14, 2025. Staff noted that closing would occur quickly once
they get through Planning and Zoning.
Board Action
A motion was made by Metisa Whitehead, seconded by Harold Smith, 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/tier designee to execute said agreement. A vote was
taken, and the motion passed 4-0.
2. Consider and act upon a Second Amendment to the Performance Agreement between the
WEDC and Phoenix Ascending Investments, LLC,
Discussion
Staff reminded the Board of the Performance Agreement with Phoenix Ascending Investments, LLC,
and the First Amendment, which provided for an extension to the Certificate of Occupancy (CO)
Deadline due to construction delays tied to WE DC's infrastructure work. While the agreement allows
a 90-day extension to July 31, 2025, Staff recommends a Second Amendment to formally extend the
CO Deadline to ensure that all required inspections are fully completed and eliminate any further
extension options.
Board Action
A motion was made by Harold Smith, seconded by Melisa Whitehead, to approve a Second
Amendment to the Performance Agreement between the WE",DC and Phoenix Ascending
Investments, LLC. A vote was taken, and the motion passed 4-0.
3. Consider and act upon a License Agreement between the WEDC and Wylie Downtown
Merchants Association.
WEDC — Minutes
July 16, 2025
Page 4 of 5
Discussion
Staff reminded the Board of the updated License Agreement between the WEDC and. the Wylie
Downtown Merchants Association, which the Board previously authorized on June 24, 2025,
contingent on refining the term and performance conditions. Staff noted that the original discussion
proposed a variable term dependent on del►very of key performance indicators and brand asset
readiness, such as brand transfer within 2-3 years, followed by a 5-year marketing period. Staff
shared that the License Agreement Would include a flat 10-year term with the brand asset exchange
to occur after the first five years, in which. "Discover Wylie" would become property of WEDC and
"Historic Downtown Wylie" would become property of WDNfA. The remaining five years will be a
marketing partnership with WEDC, continuing to promote Historic Downtown Wylie. Additionally,
ongoing cost commitments for WI,,DC include $35,000 annually for website hosting, maintenance,
and updates for both brands during the term..
Board Action
A motion was made by Harold Smith, seconded by Melisa Whitehead, to approve a License
Agreement between the WEDC and Wylie Downtown Merchants and further authorize the WEDC
Executive Director to execute said Agreement. A vote was taken, and the motion passed 4-0.
4. Consider and act upon the approval of the FY 2025-2026 WEDC Budget.
Discussion
Staff provided an overview of the FY 2025-2026 WEDC Budget to the Board and noted that the
same will be presented to the City Council on 7/22/25. Staff highlighted estimates of $13.9 MM in
available resources, including a $5.6 MM beginning fund balance. Sales tax revenue is estimated to
be $5.3 MM. Staff anticipates $2.8 MM in revenue from the sale of EDC properties. Personnel
Services increased from $666k to $776k in early FY26 for the addition of one position to allow for
cross -training due to retirement. Special Services/Real Estate is up from $7 1 k to $22 Ik due to site
development (RBP). Special Services/Infrastructure is down from $9MM to $3.2MM due to the
completion of multiple infrastructure projects. Engineering Services is up from $855k to $960k,
which includes General Engineering, RBP Construction Plans, Downtown Parking Design,
Downtown Building Civils, Downtown Building Architectural, 544 Corridor Civils, Environmental,
and Mise Surveys/Concepts. Debt Service is up from $1.2MM to $1.8MM due to a projected increase
related to Executive Session discussions and Confidential Project. Staff estimates a FY26 ending
fund balance of $3.6 M.M.
Board Action
A motion was made by I larold Smith, seconded by Alan Dayton, to approve the FY 2025-2026 WEDC
Budget as presented. A vote was taken, and the motion passed 4-0.
DISCUSSION ITEMS
DSI. Discussion regarding the Performance Agreement between WEDC and NM.KJ Investments,
LLC.
Discussion
Staff noted that MLKJ representative Mansour Khayal will be present at the August meeting to
provide project updates. Staff then discussed M.LKYs progress, which is provided to the :Board on a
weekly basis. Staff noted that M1_,KJ still plans to meet their deliverables this Fall, and there are
WEDC — Minutes
July 16, 2025
Page 5 of 5
pending leases on this space. Staff discussed on -site delays/issues with the contractors, which MLKJ
will elaborate on in the August meeting. Staff will continue to provide weekly project updates as
requested by the Board. The Board discussed concerns regarding the state of the project and the lack
of construction progress on -site.
DS2. Discuss issues surrounding WEDC loans.
Discussion
Staff 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 occur within FY 24-25. However,
should funding take longer than expected, the FY 25-26 budget would be amended accordingly.
Additional information will be brought back to the Board in August or at a Special Called Meeting
as needed, based on the anticipated necessary timeline.
DS3. Staff report: WEDC Property Update, Temporary Access Agreements, Downtown Parking,
Engineering Report, Upcoming Events, and WEDC Activities/Programs.
Discussion
Staff continued the discussion related to the Staff Report, referencing the Agenda Report provided
in the packet for additional updates pertaining to WEDC Property Updates, Temporary Access
Agreements, Upcoming Events, and WEDC Activities/Programs. Staff shared updates on BRE and
work -force, including possible expansion for two businesses, the launch of a new program with Wylie
ISD CTE and North Texas Municipal Water District, and preparations for the upcoming
Manufacturing Day. Staff noted that the overall engagement continues to trend upwards across all
social media platforms this quarter.
FUTURE AGENDA ITEMS
There were no Items requested for inclusion on future agendas.
ADJOURNMENT
With no further business, Vice President Brininstool adjourned the EDC Board meeting at 9:57 a.m.
Demond Dawkins, President
ATTEST:
Jason G-Feiner,"ExecutiV Director