03-11-2026 (WEDC) Agenda Packet Special Called
P a g e | 1
Wylie Economic Development Corporation
Board Special Called Meeting
March 11, 2026 – 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 February 18, 2026 Regular Meeting of the WEDC Board
of Directors.
B. Consider and act upon approval of the February 2026 WEDC Treasurer's Report.
REGULAR AGENDA
1. Consider and act upon a contract between WEDC and The Retail Coach.
2. Consider, and act upon, Resolution No. 2026-01(R) between the WEDC and Government Capital
Corporation.
3. Consider and act upon FY 2025-2026 Budget Amendments.
4. Consider and act upon issues surrounding the 2025 WEDC Annual Report.
DISCUSSION ITEMS
DS1. Discussion and updates from WEDC Committees.
DS2. Staff report: WEDC Property Update, Temporary Access Agreements, Downtown Parking, Engineering
Report, Upcoming Events, and WEDC Activities/Programs.
EXECUTIVE SESSION
1
P a g e | 2
Sec. 551.071. CONSULTATION WITH ATTORNEY; CLOSED MEETING.
If A governmental body may not conduct a private consultation with its attorney except:
(1) when the governmental body seeks the advice of its attorney about:
(A) pending or contemplated litigation; or
(B) a settlement offer; or
(2) on a matter in which the duty of the attorney to the governmental body under the Texas Disciplinary Rules of
Professional Conduct of the State Bar of Texas clearly conflicts with this chapter.
Sec. 551.072. DELIBERATION REGARDING REAL PROPERTY; CLOSED MEETING.
A governmental body may conduct a closed meeting to deliberate the purchase, exchange, lease, or valu e 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 Ballard/Brown, Brown/Eubanks, FM 544/Cooper,
FM 544/Sanden, FM 1378/Brown, FM 1378/Park, Jackson/Oak, Regency/Steel, State Hwy 78/Alanis, State
Hwy 78/Ballard, State Hwy 78/Brown, State Hwy 78/Kreymer, and State Hwy 78/Skyview.
Sec. 551.074. PERSONNEL MATTERS; CLOSED MEETING.
(a) This chapter does not require a governmental body to conduct an open meeting:
(1) to deliberate the appointment, employment, evaluation, reassignment, duties, discipline, or dismissal of a public
officer or employee; or
(2) to hear a complaint or charge against an officer or employee.
(b) Subsection (a) does not apply if the officer or employee who is the subject of the deliberation or hearing requests
a public hearing.
Sec. 551.087. DELIBERATION REGARDING ECONOMIC DEVELOPMENT NEGOTIATIONS;
CLOSED MEETING.
This chapter does not require a governmental body to conduct an open meeting:
(1) to discuss or deliberate regarding commercial or financial information that the governmental body has received
from a business prospect that the governmental body seeks to have locate, stay, or expand in or near the territory of
the governmental body and with which the governmental body is conducting economic development negotiations;
or
(2) to deliberate the offer of a financial or other incentive to a business prospect described by Subdivision (1).
ES2. Deliberation regarding commercial or financial information that the WEDC has received from a business
prospect and to discuss the offer of incentives for Projects: 2021-11b, 2022-10c, 2022-10d, 2023-1c, 2023-
2d, 2024-5a, 2024-12c, 2025-1a, 2025-1i, 2025-4a, 2025-4d, 2025-5h, 2025-6a, 2025-6e, 2025-7b, 2025-
7d, 2025-8a, 2025-8i, 2025-9a, 2025-10c, 2025-10e, 2025-10f, 2025-11g, 2026-1c, 2026-2a, 2026-2b,
2026-2c, and 2026-2h.
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 March 4, 2026 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.
2
P a g e | 3
___________________________ ___________________________
Stephanie Storm, City Secretary Date Notice Removed
The Wylie Municipal Complex is wheelchair accessible. Sign interpretation or other special assistance for disabled
attendees must be requested 48 hours in advance by contacting the City Secretary’s Office at 972.516.6020. Hearing
impaired devices are available from the City Secretary prior to each meeting.
If during the course of the meeting covered by this notice, the Board should determine that a closed or exec utive
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
Minutes
Wylie Economic Development Corporation
Board of Directors Regular Meeting
February 18, 2026 – 7:30 A.M.
WEDC Offices – Conference Room
250 S Hwy 78 – Wylie, TX 75098
CALL TO ORDER
Announce the presence of a Quorum
Vice President Harold Smith called the meeting to order at 7:31 a.m. Board Members present were Melisa
Whitehead and Demond Dawkins.
Ex-Officio Member City Manager Brent Parker was present.
WEDC staff present included Assistant Director Rachael Hermes, BRE Director Angel Wygant, and Economic
Development Coordinator Christy Stewart.
INVOCATION & PLEDGE OF ALLEGIANCE
Angel Wygant gave the invocation and led the Pledge of Allegiance.
COMMENTS ON NON-AGENDA ITEMS
With no citizen participation, Vice President Smith 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 the Minutes from the January 21, 2026, Regular Meeting of
the WEDC Board of Directors.
B. Consider and act upon approval of January 2026 WEDC Treasurer’s Report.
C. Consider and act upon a Performance Agreement between the WEDC and Savage Precision
Fabrication, Inc.
D. Consider and act upon a Performance Agreement between the WEDC and G01 Enterprises, Inc.
Board Action
A motion was made by Melisa Whitehead, seconded by Demond Dawkins, to approve the Consent
Agenda as presented. A vote was taken, and the motion passed 3-0.
Ex-Officio Member Mayor Matthew Porter arrived at 7:35 a.m.
REGULAR AGENDA_________________________________________________________________
1. Consider and act upon issues surrounding Lot 3/FM 544 Gateway Addition parking.
4
03/11/2026 Item A.
WEDC – Minutes
February 18, 2026
Page 2 of 3
Discussion
Staff reminded the Board that the WEDC has been working with Kimley-Horn on engineering
solutions at key locations within the City of Wylie. As such, Kimley-Horn has issued an Individual
Project Order (IPO) to provide professional civil engineering services and civil construction plans
for additional parking located on Lot 3 of the FM 544 Gateway Addition, which is directly behind
Walk-Ons. Staff shared that this IPO is intended to cover topographic survey, construction plans,
and bidding.
Board Action
A motion was made by Demond Dawkins, seconded by Melisa Whitehead, to award the contract to
Kimley-Horn and Associates, Inc. in the amount of $52,000 and further authorize the Executive Director
to execute any and all necessary documents. A vote was taken, and the motion passed 3-0.
DISCUSSION ITEMS ______
DS1. Discussion and updates from WEDC Committees.
Discussion
Staff opened the discussion by sharing that the Budget, Finance, and Audit Committee Meeting and the
Strategic Planning Committee Meeting have both met, with the Strategic Planning Committee scheduled
to meet again on February 20th. Board member Dawkins shared that the Budget, Finance, and Audit
Committee compared last year's numbers with anticipated numbers for the current year to determine
what is needed for upcoming projects. Staff noted that the Annual Report will be on the March Board
Meeting Agenda, with a presentation to the City Council on March 24th. The presentation will include
the 2026 Goals and Objectives as reviewed by the Strategic Planning Committee.
DS2. 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. Staff noted that 544 Gateway is moving along, with an updated
Walk-On’s anticipated completion date of June 2026. Regarding BRE, staff shared that Wylie ISD
received a grant for a summer internship program with the North Texas Municipal Water District. Staff
shared that cross-training is underway in preparation for the upcoming retirement of BRE Director
Angel Wygant. Additionally, staff discussed the promotion of Christy Stewart to the Economic
Development Coordinator position and the posting of the Office Manager position.
EXECUTIVE SESSION
Recessed into Closed Session at 7:43 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 Ballard/Brown, 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.
5
03/11/2026 Item A.
WEDC – Minutes
February 18, 2026
Page 3 of 3
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: 2022-10c, 2022-10d, 2023-
1c, 2023-2d, 2024-5a, 2024-12c, 2025-4a, 2025-4d, 2025-8i, 2025-10c, 2025-10f, 2025-11g,
2026-1b, 2026-1c, 2026-2a, and 2026-2b.
RECONVENE INTO OPEN SESSION
Take any action as a result of the Executive Session.
Vice President Smith reconvened into Open Session at 8:18 a.m., and the Board took the following action as a
result of Executive Session:
Board Action
A motion was made by Melisa Whitehead, seconded by Demond Dawkins, to authorize the WEDC to
enter into a Performance Agreement with Project 2025-4a in an amount not to exceed $2.5 million. A
vote was taken, and the motion passed 3-0.
FUTURE AGENDA ITEMS
There were no Items requested for inclusion on future agendas.
ADJOURNMENT
With no further business, Vice President Smith adjourned the WEDC Board meeting at 8:19 a.m.
__________________________________
Blake Brininstool, President
ATTEST:
__________________________________
Jason Greiner, Executive Director
6
03/11/2026 Item A.
Wylie Economic Development
Board
AGENDA REPORT
Meeting Date: March 11, 2026 Item Number: B
Prepared By: Jason Greiner
Subject
Consider and act upon approval of the February 2026 WEDC Treasurer’s Report.
Recommendation
Motion to approve the February 2026 WEDC Treasurer’s Report.
Presented for the Board’s review and approval is the February 2026 Treasurer’s Report detailing the month and year-to-
date financial transactions and performance against budget. This report contains the Revenue and Expense Report,
Statement of Net Position, Balance Sheet, Sales Tax Report, and Performance Agreement Summary.
REVENUES:
Sales Tax Revenue earned in December and allocated in February was $551,977.23, a decrease of 8.36% over the same
period in 2025.
EXPENSES:
Special Services - Infrastructure
$53,910.88 Tiseo Paving Company – FM 544 Gateway – Est #16
$288,204.89 McMahon Contracting – McMahon Pay App 15
Advertising
$41,425.00 Granicus – Simpleview CMS Agreement
Engineering / Architectural
$ 24,597.37 Kimley Horn & Associates – General Engineering, FM 544 Corridor Master Drain, FM 544 Corridor
Master Plan, SH 78 Sidewalks, Hooper Retail
7
03/11/2026 Item B.
3/10/2026 11:09:35 AM Page 1 of 4
February Rev/Exp Report
Account Summary
For Fiscal: 2025-2026 Period Ending: 02/28/2026
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 5,389,434.00 1,349,504.12 -4,039,929.88 74.96 %551,977.23111-4000-40210 5,389,434.00
Category: 400 - Taxes Total:1,349,504.12551,977.235,389,434.00 5,389,434.00 -4,039,929.88 74.96%
Category: 460 - Interest Income
ALLOCATED INTEREST EARNINGS 10,000.00 102,315.27 92,315.27 1,023.15 %12,749.02111-4000-46110 10,000.00
Category: 460 - Interest Income Total:102,315.2712,749.0210,000.00 10,000.00 92,315.27 923.15%
Category: 480 - Miscellaneous Income
RENTAL INCOME 22,800.00 9,500.00 -13,300.00 58.33 %400.00111-4000-48110 22,800.00
GAIN/(LOSS) SALE OF CAP ASSETS 2,898,313.00 104,246.04 -2,794,066.96 96.40 %0.00111-4000-48430 2,898,313.00
Category: 480 - Miscellaneous Income Total:113,746.04400.002,921,113.00 2,921,113.00 -2,807,366.96 96.11%
Revenue Total:1,565,565.43565,126.258,320,547.00 8,320,547.00 -6,754,981.57 81.18%
Expense
Category: 510 - Personnel Services
SALARIES 549,044.03 193,839.11 355,204.92 64.70 %40,331.88111-5611-51110 549,044.03
LONGEVITY PAY 3,089.89 3,088.00 1.89 0.06 %0.00111-5611-51140 3,089.89
TMRS 89,445.70 31,435.12 58,010.58 64.86 %6,533.78111-5611-51310 89,445.70
HOSPITAL & LIFE INSURANCE 90,827.45 26,792.10 64,035.35 70.50 %5,584.87111-5611-51410 90,827.45
LONG-TERM DISABILITY 2,031.46 423.90 1,607.56 79.13 %84.78111-5611-51420 2,031.46
FICA 34,232.30 11,723.53 22,508.77 65.75 %2,398.17111-5611-51440 34,232.30
MEDICARE 8,005.94 2,741.81 5,264.13 65.75 %560.85111-5611-51450 8,005.94
WORKERS COMP PREMIUM 552.13 395.52 156.61 28.36 %0.00111-5611-51470 552.13
UNEMPLOYMENT COMP (TWC)702.00 313.62 388.38 55.32 %75.91111-5611-51480 702.00
Category: 510 - Personnel Services Total:270,752.7155,570.24777,930.90 777,930.90 507,178.19 65.20%
Category: 520 - Supplies
OFFICE SUPPLIES 5,000.00 1,410.51 3,589.49 71.79 %485.31111-5611-52010 5,000.00
POSTAGE & FREIGHT 300.00 193.48 106.52 35.51 %0.00111-5611-52040 300.00
FOOD SUPPLIES 3,000.00 1,292.98 1,707.02 56.90 %479.03111-5611-52810 3,000.00
Category: 520 - Supplies Total:2,896.97964.348,300.00 8,300.00 5,403.03 65.10%
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 0.00 7,650.00 100.00 %0.00111-5611-54810 7,650.00
Category: 540 - Materials for Maintenance Total:0.000.0010,150.00 10,150.00 10,150.00 100.00%
Category: 560 - Contractual Services
INCENTIVES 1,510,000.00 112,500.00 1,397,500.00 92.55 %0.00111-5611-56030 1,510,000.00
SPECIAL SERVICES 87,270.00 882.50 86,387.50 98.99 %157.50111-5611-56040 87,270.00
SPECIAL SERVICES-REAL ESTATE 221,000.00 3,255.40 217,744.60 98.53 %0.00111-5611-56041 221,000.00
SPECIAL SERVICES-INFRASTRUCTUR 3,200,000.00 601,152.90 2,598,847.10 81.21 %342,115.77111-5611-56042 3,200,000.00
ADVERTISING 276,125.00 83,320.91 192,804.09 69.82 %47,141.23111-5611-56080 276,125.00
COMMUNITY DEVELOPMENT 74,450.00 24,823.21 49,626.79 66.66 %1,741.34111-5611-56090 74,450.00
COMMUNICATIONS 7,900.00 1,909.07 5,990.93 75.83 %487.76111-5611-56110 7,900.00
RENTAL 50,000.00 13,000.00 37,000.00 74.00 %4,000.00111-5611-56180 50,000.00
TRAVEL & TRAINING 95,500.00 19,693.43 75,806.57 79.38 %1,775.27111-5611-56210 95,500.00
DUES & SUBSCRIPTIONS 91,053.00 50,924.17 40,128.83 44.07 %6,080.68111-5611-56250 91,053.00
INSURANCE 6,800.00 2,161.16 4,638.84 68.22 %0.00111-5611-56310 6,800.00
AUDIT & LEGAL SERVICES 53,000.00 10,093.28 42,906.72 80.96 %0.00111-5611-56510 53,000.00
ENGINEERING/ARCHITECTURAL 960,300.00 149,118.49 811,181.51 84.47 %28,097.37111-5611-56570 960,300.00
UTILITIES-ELECTRIC 2,400.00 712.07 1,687.93 70.33 %229.33111-5611-56610 2,400.00
Category: 560 - Contractual Services Total:1,073,546.59431,826.256,635,798.00 6,635,798.00 5,562,251.41 83.82%
8
03/11/2026 Item B.
Budget Report For Fiscal: 2025-2026 Period Ending: 02/28/2026
3/10/2026 11:09:35 AM Page 2 of 4
Fiscal
AcƟvity
Variance
Favorable
(Unfavorable)
Percent
Remaining
Current
Total Budget
Period
AcƟvity
Original
Total Budget
Category: 570 - Debt Service & Capital Replacement
PRINCIPAL PAYMENT 818,019.85 338,498.99 479,520.86 58.62 %68,219.76111-5611-57410 818,019.85
INTEREST EXPENSE 1,065,228.95 427,846.66 637,382.29 59.84 %85,049.37111-5611-57415 1,065,228.95
Category: 570 - Debt Service & Capital Replacement Total:766,345.65153,269.131,883,248.80 1,883,248.80 1,116,903.15 59.31%
Category: 580 - Capital Outlay
LAND-PURCHASE PRICE 3,228,180.39 2,266,681.38 961,499.01 29.78 %0.00111-5611-58110 1,000,000.00
CONTRA CAPITAL OUTLAY 0.00 -2,266,681.38 2,266,681.38 0.00 %0.00111-5611-58995 0.00
Category: 580 - Capital Outlay Total:0.000.001,000,000.00 3,228,180.39 3,228,180.39 100.00%
Expense Total:2,113,541.92641,629.9610,315,427.70 12,543,608.09 10,430,066.17 83.15%
Fund: 111 - WYLIE ECONOMIC DEVEL CORP Surplus (Deficit):-547,976.49-76,503.71-1,994,880.70 -4,223,061.09 3,675,084.60 87.02%
Report Surplus (Deficit):-76,503.71 -547,976.49-1,994,880.70 -4,223,061.09 3,675,084.60 87.02%
9
03/11/2026 Item B.
Budget Report For Fiscal: 2025-2026 Period Ending: 02/28/2026
3/10/2026 11:09:35 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 1,349,504.12551,977.235,389,434.00 5,389,434.00 -4,039,929.88 74.96%
460 - Interest Income 102,315.2712,749.0210,000.00 10,000.00 92,315.27 923.15%
480 - Miscellaneous Income 113,746.04400.002,921,113.00 2,921,113.00 -2,807,366.96 96.11%
1,565,565.43565,126.258,320,547.00 8,320,547.00 -6,754,981.57Revenue Total:81.18%
Expense
510 - Personnel Services 270,752.7155,570.24777,930.90 777,930.90 507,178.19 65.20%
520 - Supplies 2,896.97964.348,300.00 8,300.00 5,403.03 65.10%
540 - Materials for Maintenance 0.000.0010,150.00 10,150.00 10,150.00 100.00%
560 - Contractual Services 1,073,546.59431,826.256,635,798.00 6,635,798.00 5,562,251.41 83.82%
570 - Debt Service & Capital Replacement 766,345.65153,269.131,883,248.80 1,883,248.80 1,116,903.15 59.31%
580 - Capital Outlay 0.000.001,000,000.00 3,228,180.39 3,228,180.39 100.00%
2,113,541.92641,629.9610,315,427.70 12,543,608.09 10,430,066.17Expense Total:83.15%
-547,976.49-76,503.71-1,994,880.70 -4,223,061.09 3,675,084.60Fund: 111 - WYLIE ECONOMIC DEVEL CORP Surplus (Deficit):87.02%
Report Surplus (Deficit):-76,503.71 -547,976.49-1,994,880.70 -4,223,061.09 3,675,084.60 87.02%
10
03/11/2026 Item B.
Budget Report For Fiscal: 2025-2026 Period Ending: 02/28/2026
3/10/2026 11:09:35 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 -547,976.49-76,503.71-1,994,880.70 -4,223,061.09 3,675,084.60
Report Surplus (Deficit):-76,503.71 -547,976.49-1,994,880.70 -4,223,061.09 3,675,084.60
11
03/11/2026 Item B.
Wylie Economic Development Corporation
Statement of Net Position
As of February 28, 2026
Assets
Cash and cash equivalents 8,795,444.68$
Receivables 996,500.00$ Note 1
Inventories 18,235,686.52$
Prepaid Items -$
Total Assets 28,027,631.20$
Deferred Outflows of Resources
Pensions 112,459.55$
Total deferred outflows of resources 112,459.55$
Liabilities
Accounts Payable and other current liabilities 587,275.88$
Unearned Revenue 1,200.00$ Note 2
Non current liabilities:
Due within one year 562,086.85$ Note 3
Due in more than one year 20,509,496.55$
Total Liabilities 21,660,059.28$
Deferred Inflows of Resources
Pensions (25,054.41)$
Total deferred inflows of resources (25,054.41)$
Net Position
Net investment in capital assets -$
Unrestricted 6,454,977.06$
Total Net Position 6,454,977.06$
Note 1: Includes incentives in the form of forgivable loans for $34,000 (Glen Echo),
$337,500 (Phoenix Ascending), and $425,000 (Cates/Lanspring)
Note 2: Deposits from rental property
Note 3: Liabilities due within one year includes compensated absences of $32,301
12
03/11/2026 Item B.
3/10/2026 11:08:57 AM Page 1 of 3
Balance Sheet
Account Summary
As Of 02/28/2026
Account Name Balance
Fund: 111 - WYLIE ECONOMIC DEVEL CORP
Assets
111-1000-10110 CLAIM ON CASH AND CASH EQUIV. 8,793,444.68
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
111-1000-12996 LOAN RECEIVABLE 200,000.00
111-1000-12998 ACCTS REC - FORGIVEABLE LOANS 796,500.00
111-1000-14112 INVENTORY - MATERIAL/ SUPPLY 0.00
111-1000-14116 INVENTORY - LAND & BUILDINGS 18,235,686.52
111-1000-14310 PREPAID EXPENSES - MISC 0.00
111-1000-14410 DEFERRED OUTFLOWS 630,000.00
28,657,631.20Total Assets:28,657,631.20
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 -2,879.82
111-2000-20117 TMRS PAYABLE 9,357.00
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 0.00
111-2000-20131 EDWARD JONES DEFERRED COMP 0.00
111-2000-20132 EMP CARE FLITE 0.00
111-2000-20133 Unemployment Comp Payable 278.26
111-2000-20136 HSA PAYABLE 500.00
111-2000-20151 ACCRUED WAGES PAYABLE 0.00
111-2000-20180 ADDIT EMPLOYEE INSUR PAY 49.46
111-2000-20199 MISC PAYROLL PAYABLE 0.00
111-2000-20201 AP PENDING 126.28
111-2000-20210 ACCOUNTS PAYABLE 0.00
111-2000-20530 PROPERTY TAXES PAYABLE 0.00
111-2000-20540 NOTES PAYABLE 630,000.00
111-2000-20610 RETAINAGE PAYABLE 579,844.70
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
13
03/11/2026 Item B.
Balance Sheet As Of 02/28/2026
3/10/2026 11:08:57 AM Page 2 of 3
Account Name Balance
111-2000-22280 DEFERRED INFLOW - LEASE INT 0.00
111-2000-22915 RENTAL DEPOSITS 1,200.00
1,218,475.88Total Liability:
Equity
111-3000-34110 FUND BALANCE - RESERVED 0.00
111-3000-34590 FUND BALANCE-UNRESERV/UNDESIG 27,987,131.81
27,987,131.81Total Beginning Equity:
1,565,565.43Total Revenue
2,113,541.92Total Expense
-547,976.49Revenues Over/Under Expenses
Total Liabilities, Equity and Current Surplus (Deficit):28,657,631.20
27,439,155.32Total Equity and Current Surplus (Deficit):
14
03/11/2026 Item B.
Balance Sheet As Of 02/28/2026
3/10/2026 11:08:57 AM Page 3 of 3
Account Name Balance
Fund: 922 - GEN LONG TERM DEBT (WEDC)
Assets
922-1000-10312 GOVERNMENT NOTES 0.00
922-1000-18110 LOAN - WEDC 0.00
922-1000-19050 DEF OUTFLOW TMRS CONTRIBUTIONS 56,380.29
922-1000-19051 DEF OUTFLOW SDBF CONTRIBUTIONS 1,532.00
922-1000-19075 DEF OUTFLOW - INVESTMENT EXP 0.48
922-1000-19100 DEF OUTFLOW - ACT EXP/ASSUMP 54,546.78
922-1000-19125 (GAIN)/LOSS ON ASSUMPTION CHGS -21,578.41
922-1000-19126 DEF INFLOW SDBF CONTRIBUTIONS -3,476.00
87,405.14Total Assets:87,405.14
Liability
922-2000-20310 COMPENSATED ABSENCES PAYABLE 47,001.64
922-2000-20311 COMP ABSENCES PAYABLE-CURRENT 32,300.82
922-2000-21410 ACCRUED INTEREST PAYABLE 44,848.94
922-2000-28205 WEDC LOANS/CURRENT 484,937.09
922-2000-28246 GOVCAP LOAN/KIRBY 6,602,913.51
922-2000-28247 JARRARD LOAN 9,258.28
922-2000-28248 GOVCAP LOAN/SERIES 2022 6,993,178.75
922-2000-28249 GOVCAP LOAN/SERIES 2025 6,628,557.20
922-2000-29150 NET PENSION LIABILITY 220,716.17
922-2000-29151 SDBF LIABILITY 7,871.00
21,071,583.40Total Liability:
Equity
922-3000-34590 FUND BALANCE-UNRESERV/UNDESIG -21,202,413.25
922-3000-35900 UNRESTRICTED NET POSITION -120,264.00
-21,322,677.25Total Beginning Equity:
0.00Total Revenue
-338,498.99Total Expense
338,498.99Revenues Over/Under Expenses
Total Liabilities, Equity and Current Surplus (Deficit):87,405.14
-20,984,178.26Total Equity and Current Surplus (Deficit):
15
03/11/2026 Item B.
MONTH FY 2023 FY 2024 FY 2025 FY 2026
DECEMBER 338,726.54$ 374,686.38$ 390,604.04$ 408,728.64$ 18,124.60$ 4.64%
JANUARY 368,377.73$ 393,994.39$ 382,610.55$ 388,798.25$ 6,187.71$ 1.62%
FEBRUARY 480,381.11$ 265,491.94$ 602,324.24$ 551,977.23$ (50,347.01)$ -8.36%
MARCH 313,686.17$ 577,757.71$ 329,048.32$ -$
APRIL 310,050.94$ 341,335.06$ 322,976.93$ -$
MAY 434,878.33$ 448,671.55$ 471,458.46$ -$
JUNE 330,236.89$ 377,949.25$ 388,872.57$ -$
JULY 379,162.00$ 374,225.20$ 392,577.13$ -$
AUGUST 448,253.70$ 463,185.29$ 464,675.10$ -$
SEPTEMBER 371,880.65$ 408,571.56$ 413,833.25$ -$
OCTOBER 377,466.67$ 402,154.81$ 376,060.96$ -$
NOVEMBER 458,694.91$ 446,217.04$ 479,646.12$ -$
Sub-Total 4,611,795.64$ 4,874,240.18$ 5,014,687.65$ 1,349,504.12$ (26,034.70)$ -1.89%
Total 4,611,795.64$ 4,874,240.18$ 5,014,687.65$ 1,349,504.12$ (26,034.70)$ -1.89%
*** Sales Tax collections typically take 2 months to be reflected as Revenue. SlsTx receipts are then accrued back 2 months.
Example: February SlsTx Revenue is actually December SlsTx and is therefore the 3rd allocation in FY26.
DIFF
25 vs. 26
% DIFF
25 vs. 26
Wylie Economic Development Corporation
SALES TAX REPORT
February 28, 2026
BUDGETED YEAR
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000
WEDC Sales Tax Analysis
2025
2026
16
03/11/2026 Item B.
PERFORMANCE AGREEMENTS FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 FY 2031
AMERICAN ENTITLEMENTS II 35,000.00$ 10,000.00$ -$ -$ -$ -$ -$ -$ 25,000.00$ 35,000.00$
GLEN ECHO BREWING 100,000.00$ 20,000.00$ -$ -$ -$ -$ -$ -$ 80,000.00$ 100,000.00$ A
PHOENIX ASCENDING -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ B
CATES/LANSPRING INVESTMENTS 600,000.00$ -$ 300,000.00$ 300,000.00$ -$ -$ -$ 600,000.00$ -$ 600,000.00$ C
735,000.00$ 30,000.00$ 300,000.00$ 300,000.00$ -$ -$ -$ 600,000.00$ 105,000.00$ 735,000.00$
Deferred Outflow 630,000.00$
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. Forgiveable Land Grant ($450,000 forgiven over 4 years). $112,500 CO & $112,500/year in 2027, 2028, & 2029.
C. Performance Agreement ($600,000) and Forgivable Land Grant ($425,000 forgiven over 4 years) $106,250 CO, $106,250 in 2027, $106,250 in 2028, $106,250 in 2029
Wylie Economic Development Corporation
PERFORMANCE AGREEMENT REPORT
February 28, 2026
TOTAL
INCENTIVE
REMAINING
AFTER
CURRENT FY
PREVIOUS FY
PAYMENTS
TOTAL
INCENTIVE
17
03/11/2026 Item B.
Wylie Economic Development
Board
AGENDA REPORT
Meeting Date: March 11, 2026 Item Number: 1
Prepared By: Jason Greiner (Staff Use Only)
Subject
Consider and act upon a contract between the WEDC and The Retail Coach.
Recommendation
Motion to award a contract to The Retail Coach in the amount of $30,000 and further authorize the Executive Director to
execute any and all necessary documents.
Discussion
Attached for your review is a proposal from The Retail Coach (TRC) to renew the Retail Consulting Services provided
to the WEDC and the City of Wylie. The WEDC and TRC have had a long relationship, which began in 2007, prior to
Wylie’s first experience at ICSC RECon, which ultimately resulted in securing the Target Anchored Center, Woodbridge
Crossing. Since that time, TRC has remained responsive and proven to be a valuable resource that complements our
community’s retail marketing strategies and overall site development efforts.
Staff believes it will be advantageous to continue employing the services of The Retail Coach as we move toward the
stages of final stages of development.
Included in this Proposal:
24-Month Partnership
2026 and 2027 Market Analysis Reports
Determining Retail Opportunities
Site Marketing
Identifying Retailers & Developers for Recruitment
Marketing & Branding
Actively Recruiting Retailers & Developers
Trade Show Representation
Ongoing Retail Recruitment & Coaching
On-Demand Reports
18
03/11/2026 Item 1.
Wylie Economic Development
Board
AGENDA REPORT
Meeting Date: March 11, 2026 Item Number: 2
Prepared By: Jason Greiner
Subject
Consider and act upon Resolution 2026-01(R) between the WEDC and Government Capital Corporation.
Recommendation
Motion to approve Resolution 2026-01(R) between the WEDC and Government Capital Corporation.
Discussion
As the Board will recall, Staff began evaluating options to borrow additional funds to finance the acquisition of additional
land to promote economic development in the City of Wylie. Following input from the Board, Staff requested term sheets
reflecting a $9.6MM loan with a 240-month term and a 3-year call restriction.
Passage of Resolution 2026-01(R) authorizes the borrowing of funds by the WEDC Board, with ratification of the
Resolution being presented to Council on March 24, 2026. The attached exhibit contains the Resolution Documents that
will authorize the borrowing of the funds.
Loan Terms: 240 months at 6.56% interest rate with a 7-year rate adjustment and a 3-year call restriction. The target
funding date is TBD.
Tentative Timeline for Funding:
3/11/26 WEDC- Pass Authorizing Resolution (Authorizing the Borrowing) & FY 2025-2026 Budget
Amendment to Accept Funds and Approve Modified Budget
3/24/26 City Council Action Item- Pass Sales Tax Remittance Resolution (Ratifying WEDC action) & FY 2025-
2026 Budget Amendment to Accept Funds and Approve Modified Budget
TBD Target Funding Date (wire transfer funds per Funding Memorandum)
As noted above, approval of WEDC Resolution 2026-01(R) provides Board authorization for the borrowing of funds
for the loan in the principal amount of $9,600,000.
(Note: The 1.5% loan issuance cost of $144,000 will be paid separately via budget transfer from 111-5611-58110 Land
to 111-5611-56040 Special Services and is not included in the loan amount.)
19
03/11/2026 Item 2.
Wylie Economic Development Corporation
Preliminary Term Sheet
March 10, 2026
FINANCING STRUCTURE: Taxable Type A EDC Note
PLACEMENT: Private Placement
ESTIMATED SOURCES AND USES OF FUNDS:
Sources:
Note Proceeds $ 9,600,000.00
Total Sources $ 9,600,000.00
Uses:
Land Purchase $ 9,600,000.00
Total Uses $ 9,600,000.00
*The issuance cost in the amount of $144,000.00 has not been included in the financed amount for the project or the payment amount
and will need to be paid outside of closing. These fees represent the total issuance costs necessary for closing the transaction as
contemplated. Issuance Cost Allocation includes Special Tax Counsel, Private Placement Cost and Filing Fees.
PLACEMENT AGENT: Government Capital Corporation, Southlake, Texas
SPECIAL TAX COUNSEL: Naman, Howell, Smith & Lee, Austin, Texas
TERM: 20 Years (240 Mthly Pymts)
INTEREST RATE: 6.56% w/7yr rate adjust
MONTHLY PAYMENT: $ 71,940.74
ESTIMATED CLOSING DATE: March 2026
FIRST PAYMENT DATE: April 2026
ADDITIONAL NOTES:
This transaction will be secured by a pledge of sales tax only. Government Capital will not require liens on the real estate. Additionally,
the traditional real estate closing costs including title policy, appraisal, survey, environmental studies, etc., will not be a contingency of
closing for Government Capital.
This transaction will be fully callable on any payment date after the 36th monthly payment (3 years).
The above proposal is subject to audit analysis and mutually acceptable documentation. The terms outlined herein are based on current
markets. Upon credit approval, rates may be locked for up to thirty (30) days. If funding does not occur within this time period, rates
will be indexed to markets at such time.
Stephanie Cates
Stephanie Cates
Client Services
Main: 817-421-5400
The transaction described herein is an arm’s length, commercial transaction between you and Government Capital Corporation. The terms of the proposed financing are being
provided solely in response to your specific inquiry and for your professional consideration.
20
03/11/2026 Item 2.
EDC RESOLUTION (2026)
CERTIFICATE FOR RESOLUTION
On March 11, 2026, we, the undersigned officers of Wylie Economic Development
Corporation (the “Corporation”), hereby certify as follows:
1. The Board of Directors of the Corporation convened in a Special Called Meeting
on March 11, 2026 at the designated meeting place, and the roll was called of the duly
constituted officers and members of said Board of Directors, to wit:
NAME TITLE
Blake Brininstool President
Harold Smith Vice President
Melisa Whitehead Secretary
Alan Dayton Treasurer
Demond Dawkins Member
Matthew Porter Mayor, Ex-Officio Member
Brent Parker City Manager, Ex-Officio Member
and all of said persons were present, except the following absentees: ________________, thus
constituting a quorum. Whereupon, among other business, the following was transacted at said
Meeting: a written
RESOLUTION OF THE BOARD OF DIRECTORS OF WYLIE
ECONOMIC DEVELOPMENT CORPORATION REGARDING A LOAN
IN THE PRINCIPAL AMOUNT NOT TO EXCEED $9,600,000.
was duly introduced for the consideration of said Board of Directors and read in full. It was then
duly moved and seconded that said Resolution be adopted; and, after due discussion, said motion
carrying with it the adoption of said Resolution, prevailed and carried by the following vote:
AYES: All members of the Board of Directors shown present above voted "Aye"
except as shown below.
NOES: _________________
ABSTAIN: _________________
2. That a true, full and correct copy of the aforesaid Resolution adopted at the
Meeting described in the above and foregoing paragraph is attached to and follows this
Certificate; that said Resolution has been duly recorded in said Board of Directors' minutes of
said Meeting; that the above and foregoing paragraph is a true, full and correct excerpt from said
Board of Directors' minutes of said Meeting pertaining to the adoption of said Resolution; that
the persons named in the above and foregoing paragraph are the duly chosen, qualified and
acting officers and members of said Board of Directors as indicated therein; that each of the
officers and members of said Board of Directors was duly and sufficiently notified officially and
21
03/11/2026 Item 2.
EDC RESOLUTION (2026)
personally, in advance, of the time, place and purpose of the aforesaid Meeting, and that said
Resolution would be introduced and considered for adoption at said Meeting, and each of said
officers and members consented, in advance, to the holding of said Meeting for such purpose,
and that said Meeting was open to the public and public notice of the time, place and purpose of
said Meeting was given, all as required by Chapter 551, Texas Government Code.
3. That the President of the Board of Directors of the Corporation has approved and
hereby approves the aforesaid Resolution; that the President and the Secretary of said
Corporation have duly signed said Resolution; and that the President and the Corporation
Secretary of said Corporation hereby declare that their signing of this Certificate shall constitute
the signing of the attached and following copy of said Resolution for all purposes.
22
03/11/2026 Item 2.
EDC RESOLUTION (2026)
Signed on the date first written above.
Melisa Whitehead Blake Brininstool
Secretary, Board of Directors President, Board of Directors
23
03/11/2026 Item 2.
EDC RESOLUTION (2026)
RESOLUTION OF THE BOARD OF DIRECTORS OF THE WYLIE
ECONOMIC DEVELOPMENT CORPORATION REGARDING A LOAN
IN THE PRINCIPAL AMOUNT NOT TO EXCEED $9,600,000.
WHEREAS, The WYLIE ECONOMIC DEVELOPMENT CORPORATION
(“Borrower”) proposes to enter into a Loan Agreement dated as of March 30, 2026 (as amended,
restated, supplemented and/or otherwise modified, the “Loan Agreement”), with Government
Capital Corporation, as lender (“Lender”) to enable the Corporation to (1) finance the costs to
acquire real property (the “Project”) in the City of Wylie, Texas (the “City”) for economic
develop purposes, and (2) pay costs of issuing the loan, and as security for the payment of the
principal of and interest thereon, the Borrower has agreed to pledge its Economic Development
Sales and Use Tax. All capitalized terms used herein, but not otherwise defined herein, shall
have the meaning ascribed to such term in the Loan Agreement.
WHEREAS, the proposed form of the Loan Agreement, the Note (as defined in the Loan
Agreement) and the Sales Tax Remittance Agreement (as defined in the Loan Agreement) have
been presented to this meeting.
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
THE WYLIE ECONOMIC DEVELOPMENT CORPORATION AS FOLLOWS:
Section 1. The Board of Directors agrees to enter into the Loan Agreement, Note and the
Sales Tax Remittance Agreement to finance the cost of the Property in the amount not to exceed
$9,600,000.00 at an interest rate of 6.560%, subject to adjustment as set forth in the Loan
Agreement, and, in order to secure payment of the principal and interest on the Note, to pledge
its Economic Development Sales and Use Tax.
Section 2. That any one or more of the Authorized Officers of the Borrower listed in
Section 3 below be, and each of them hereby is, authorized to execute, acknowledge and deliver
in the name and on behalf of Borrower to the Lender the Loan Agreement, including all
attachments and exhibits thereto, the Note and the Sales Tax Remittance Agreement. The Loan
Agreement, Note and Sales Tax Remittance Agreement shall be in substantially the form
presented to this meeting with such changes as the signing officer shall determine to be
advisable. Further, said Authorized Officers are authorized to execute, acknowledge and deliver
in the name and on behalf of the Borrower any other agreement, instrument, certificate,
representation and document, and to take any other action as may be advisable, convenient or
necessary to enter into such Loan Agreement, Note and Sales Tax Remittance Agreement; the
execution thereof by any such Authorized Officer shall be conclusive as to such determination.
Section 3. That for the purpose of this resolution, the following persons, or the persons
holding the following positions, are “Authorized Officers” duly authorized to enter into the
transaction contemplated by this resolution in the name and on behalf of Borrower:
24
03/11/2026 Item 2.
EDC RESOLUTION (2026)
Name Title
Blake Brininstool President
Harold Smith Vice-President
Melisa Whitehead Secretary
Section 4. That there is hereby authorized the execution and delivery by the Authorized
Officers or any one of them in the name of and on behalf of Borrower the Loan Agreement,
including all attachments and exhibits thereto, the Note and the Sales Tax Remittance Agreement
in substantially the form presented to this meeting with such changes as the signing officer shall
determine advisable, and the execution thereof shall be conclusive as to such determination.
Section 5. That this Resolution shall take effect immediately.
PASSED AND ADOPTED this _____ day of _____________________, 2026.
25
03/11/2026 Item 2.
Wylie Economic Development
Board
AGENDA REPORT
Meeting Date: March 11, 2026 Item Number: 3
Prepared By: Jason Greiner
Subject
Consider and act upon FY 2025-2026 Budget Amendments.
Recommendation
Staff recommends that the WEDC Board of Directors approve the FY 2025-2026 Budget Amendments.
Discussion
Staff will submit FY 2025-2026 Budget Amendments for consideration by City Council on March 24, 2026.
The WEDC amendments detailed below adjust the budget to account for the receipt of loan proceeds from the WEDC
2026 Note and Board-authorized real estate transactions.
(Note: Loan proceeds do not include the 1.5% loan issuance cost of $144,000. This will be paid separately via budget
transfer from 111-5611-58110 Land to 111-5611-56040 Special Services.)
Revenues
111-4000-49325 Bank Note Proceeds
Receipt of Loan Proceeds: $ 9,600,000
Expenses
111-5611-58110 Land-Purchase Price
Land Acquisition $ 9,600,000
26
03/11/2026 Item 3.
Wylie Economic Development
Board
AGENDA REPORT
Meeting Date: March 11, 2026 Item Number: 4
Prepared By: Jason Greiner
Subject
Consider and act upon issues surrounding the 2025 WEDC Annual Report.
Recommendation
Staff recommends that the WEDC Board of Directors approve the 2025 Annual Report with final changes and present
the same to the Wylie City Council for their review.
Discussion
As per the WEDC Bylaws, the WEDC must present an annual report to the Wylie City Council no later than April 1st of
each year. The report must include but is not limited to, a review of all expenditures made by the Board, a review of
accomplishments, and a review of other than direct economic development.
WEDC Staff will lead the discussion and make any necessary amendments to ensure that the report is presented to the
Wylie City Council on March 24, 2026.
27
03/11/2026 Item 4.
Wylie Economic Development
Board
AGENDA REPORT
Meeting Date: March 11, 2026 Item Number: DS1
Prepared By: Jason Greiner
Subject
Discussion and updates from WEDC Committees.
Recommendation
No action is requested by staff on this item.
Discussion
Committee members and staff will hold a discussion and provide updates from WEDC Committees.
Current Active Standing Committees of the WEDC:
Budget, Finance, and Audit Committee (Melisa Whitehead, Demond Dawkins)
o The Budget, Finance, and Audit Committee met on 1-30-26.
Business Retention and Expansion Committee (Harold Smith, Melisa Whitehead)
Committee for New Business Attraction and Recruitment (Blake Brininstool, Alan Dayton)
Current Special Committees of the WEDC:
Strategic Planning Committee (Blake Brininstool, Harold Smith, Demond Dawkins)
o Members of the Strategic Planning Committee met on 1-14-26 and 2-20-26 to review/discuss the
organization's Goals and Objectives.
Staffing and Compensation Committee (Harold Smith, Melisa Whitehead)
28
03/11/2026 Item DS1.
Wylie Economic Development
Board
STAFF REPORT
Date: March 11, 2026 Item Number: DS2
Prepared By: Jason Greiner
Subject
Staff report: WEDC Property Update, Temporary Access Agreements, Downtown Parking, Engineering Report,
Upcoming Events, and WEDC Activities/Programs.
Recommendation
N/A
Discussion
WEDC Property Update:
Recently Sold or Pending Real Estate Agreements
544 Gateway/Lot 1: 2 Acres Shadyside, LLC – Sold: 8-18-25. Construction began on 9-22-25, terminating the
option to re-purchase. Anticipated completion date: Mid-2026
544 Gateway/Lot 5: Lanspring Investments, LLC – Sold: 09-23-25. Anticipated completion date: Late 2026 or
Early 2027.
544 Gateway/Lot 2: SCSD – Current Status: Final Engineering Review. Closing Date: TBD
Listing Agreement – Segovia Partners (SP)
The one remaining pad site is 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:
Active & Moving / Slowed or Paused / Inactive but Invested or Planning
Design & Engineering - Cooper Plaza - State Hwy 78 & Brown
Record drawings have been completed.
WEDC/KH received the as-built topo survey for the exposed soil internal to the retention pond. The flowline
elevation of the outfall weir is 0.06 feet below the design elevation, but there is possibly some damage to some
of the pond wall, and per the survey data the flowline elevations of the pipes coming into the pond slightly vary
from the construction plans, and the silt in those areas still needs to be removed.
Onsite walkthrough meeting with the WEDC, City, and McMahon on 3-26-26.
SH 78 Sidewalks
KH finalizing redesign of sidewalk connection at the intersection of SH-78 and Ballard Ave.
KH to resubmit construction plans to City.
Downtown Parking / Jackson Ave Parking and Striping
KH to send concept plan to City staff and fire and set up meeting to get final sign-off on design.
KH to begin preparing construction plans once final buyoff is received.
29
03/11/2026 Item DS2.
Design & Engineering - 544 Gateway Addition
Tiseo is done with improvement. Preliminary walk-through is scheduled with TxDOT/City of Wylie on 3-13-
26. WEDC and KH walk-through tentatively scheduled for 3-26-26.
Staff is coordinating with the City of Wylie regarding sign installation of John Yeager Way.
Lot 3 – 544 Gateway Addition
Roome Surveying is performing a full topographic survey this week and should have data over to KH soon.
Once survey data is received, KH will begin preparing civil construction plans.
FM 544 Corridor Master Plans
KH finalizing drainage design and deliverables for the corridor.
KH to update concept plans per WEDC direction.
Flood Study & Drainage Study- Hooper/Steel/Regency Business Park
KH reviewing and providing input on the drainage analysis from LJA.
Atmos Gas Main Extension- N Hwy 78
Construction has begun on the project.
Staff coordinated with City of Wylie for traffic line location at Kreymer/Hwy 78.
Anticipated completion by 4-17-26.
Water & Sewer Extension - State Hwy 78/Alanis (KH)
KH provided a recommended award letter for Canary Construction.
A pre-con meeting can be scheduled once all easements are signed and filed.
Contractor will need to coordinate with NTMWD on the shutdown for the tie-in.
Sanden Easement/ROW Coordination
KH is preparing an IPO, currently coordinating scope language and fees with internal partners on all drainage,
traffic, and structural-related items.
Keefer Street Infrastructure
KH to prepare IPO.
Jackson Avenue Development
Project on hold, but work continues on Jackson Ave. Parking and Striping.
Coordinating with City and design team for the Downtown infrastructure/wayfinding project to coordinate
parking, drainage, and “theme” of the development.
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. An architect/planner will be engaged to
help plan the buildings (anticipated to be shell buildings/condominiums for lease. The development will meet the
requirements of the Downtown overlay district.
BRE & Workforce Updates:
Five BRE visits were conducted in February.
Facilitated industry speakers for Wylie ISD Business Symposium:
o Demond Dawkins will lead a Breakout focused on careers in Finance.
o DJ Shirley will lead a Breakout focused on the impact of Social Media Marketing.
o Jennifer Beck will lead a Breakout focused on Business Management and the importance of Human
Capital.
o Jackie Tobar will lead a Breakout focusing on Real Estate and Marketing.
o Adam Prewitt, President of Helm Dental Laboratories, will be the Keynote Speaker.
30
03/11/2026 Item DS2.
Supported workforce development programs for specific employer-identified needs.
Identified a manufacturing expansion project for a local employer resulting from the growing demand for local
fulfillment of DoW contracts. Potential facility relocation, equipment expansion, and facilitation of hiring event.
Connected Wylie Preparatory Academy with industry/workforce development opportunities.
Continued BRE Succession planning/training activities.
Additional WEDC Activities/Programs in Review:
Ongoing efforts toward social media, Discover Wylie, and Social Media Rescue for local businesses.
Granicus/Simpleview is moving forward with the Discover Wylie website redesign and related services.
Ongoing meetings and discussions with real estate developers, contractors, and property owners continue.
The Office Manager position has been posted, with the first round of interviews to take place next week.
Staff attended Leadership Wylie – SIMSOC (CS)
Staff and Board facilitated and attended Hidden Lakes Broker/Developer Event (BB, HS, JG, RH, CS)
Staff attended Project U (RH, AW, CS)
Staff attended ICSC Red River (JG, MB)
Staff attended TEDC Winter Conference – (JG, RH, MB)
Sales tax revenues for March have not yet been reported. Staff will provide an update when available.
Upcoming Events:
State of the City Luncheon – March 24 *RSVP Required
WEDC Annual Report to Council – March 24
WISD Boots ‘N Barbecue – March 28 *RSVP Required
Taste of Wylie – May 4 *RSVP Required
ICSC Las Vegas – May 18-20 – Las Vegas
Please see the attached Marketing Calendar for the full list of upcoming events.
31
03/11/2026 Item DS2.
2026 February Board Meeting – 18th
Day Time Meeting/Event
3 8:30 am WDMA Meeting
3 Leadership Wylie – SIMSOC – cs
10 6:00 pm City Council
12-13 Broker/Developer Tour & Event: Hidden Lakes
17 Project U in Burleson – rh, aw, cs
17-18 ICSC Red River – San Antonio, TX – jg, mb
18 7:30 am WEDC Board Meeting
24 6:00 pm City Council
24-26 TEDC Winter Conference – El Paso, TX – jg, rh, mb
26 5:01 pm 5:01 PM Professional Networking – Fuel City
2026 March Board Meeting – 11th
Day Time Meeting/Event
3 8:30 am WDMA Meeting
5 Leadership Wylie – Regional Leadership with Allen & McKinney - cs
10 6:00 pm Joint WEDC/City Council Special Called Meeting; City Council Meeting
11 7:30 am WEDC Special Called Board Meeting
11 10:00 am Wylie ISD Business Symposium – Collin College/Wylie
12 Leadership Wylie – Legislative Trip to Austin – cs
20 5:00 pm 5 Loaves Gala – Garland, TX
24 11:30 am Chamber of Commerce: State of the City Luncheon *RSVP Required
24 6:00 pm City Council & WEDC Annual Report
28 5:30 pm Boots ‘N Barbecue Gala – WISD Ed Foundation - Plano, TX *RSVP Required
2026 April Board Meeting – 15th
Day Time Meeting/Event
1 Industrial Real Estate Summit – Dallas, TX
2 Governor’s Small Business Summit - Allen, TX
3 CLOSED Good Friday Holiday
7 8:30 am WDMA Meeting
14 6:00 pm City Council
15 7:30 am WEDC Board Meeting
16 Leadership Wylie – Public Safety Day – cs
21 8:00 am Chamber of Commerce: State of the Chamber Breakfast 2026 *RSVP Required
28 5:30 pm City Council - Small Business Week Proclamation & Reception
Around the Corner…
Taste of Wylie – May 4 *RSVP Required
ICSC Las Vegas – May 18-20 *RSVP Required
Board & Commission Interviews – May 27-28
32
03/11/2026 Item DS2.