10-21-2026 (WEDC) Agenda PacketWylie Economic Development Corporation
Board Regular Meeting
October 21, 2026 — 7:30 AM
WEDC Office Conference Room - 250 South Highway 78, Wylie, Texas
75098
CALL TO ORDER
INVOCATION & PLEDGE OF ALLEGIANCE
WYLIEEDC
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 9, 2026 Special Called Meeting of the WEDC
Board of Directors.
B. Consider and act upon approval of the August 2026 WEDC Treasurer's Report.
CC. Consider and act upon approval of the September 2026 WEDC Treasurer's Report.
D. Consider and act upon a Performance Agreement between WEDC and Wylie RD, LLC.
REGULAR AGENDA
1. Consider and act upon issues surrounding the Election of Officers for the WEDC Board of Directors for
2026-2027.
2. Consider and act upon the establishment of a Regular Meeting Date and Time for the WEDC Board of
Directors for 2026-2027.
3. Consider and act upon a Real Estate Sales Contract between WEDC and Broadus Services, LLC.
4. Consider and act upon a First Amendment to the Performance Agreement between the WEDC and GO
Enterprises/Mann Made.
5. Consider and act upon a Performance Agreement between WEDC and Costco Wholesale Corporation.
DISCUSSION ITEMS
age 11
1
DS 1. Discussion regarding Architectural Updates.
DS2. Discussion regarding WEDC Board Retreat, Work Session, and Committee Appointments.
DS3. Discussion regarding the WEDC Budget.
DS4. Staff report: WEDC Property Update, Temporary Access Agreements, Downtown Parking, Engineering
Report, Upcoming Events, and WEDC Activities/Programs.
EXECUTIVE SESSION
Sec. 551.072. DELIBERATION REGARDING REAL PROPERTY; CLOSED MEETING.
A governmental body may conduct a closed meeting to deliberate the purchase, exchange, lease, or value of real
property if deliberation in an open meeting would have a detrimental effect on its negotiating position.
ES1. Consider the sale or acquisition of properties located at Ballard/Brown, Brown/Eubanks, FM 544/Cooper,
FM 544/Sanders, Jackson/Oak, Regency/Steel, State Hwy 78/Ballard, and State Hwy 78/Brown.
Sec. 551.087. DELIBERATION REGARDING ECONOMIC DEVELOPMENT NEGOTIATIONS;
CLOSED MEETING.
This chapter does not require a governmental body to conduct an open meeting:
(1) to discuss or deliberate regarding commercial or financial information that the governmental body has received
from a business prospect that the governmental body seeks to have locate, stay, or expand in or near the territory of
the governmental body and with which the governmental body is conducting economic development negotiations;
or
(2) to deliberate the offer of a financial or other incentive to a business prospect described by Subdivision (1).
ES2. Deliberation regarding commercial or financial information that the WEDC has received from a business
prospect and to discuss the offer of incentives for Projects: 2022-1.0d, 2024-2d, 2024-8d, 2024-1.2c, 2025-1 a,
2025-4e, 2025-10f, 2026-3e, 2026-5j, 2026-8b, 2026-9a, 2026-9b, 2026-9c, 2026-9d, 2026-9e, 2026-10a,
2026-1Ob, 2026-1Oc, and 2026-1Od.
RECONVENE INTO OPEN SESSION
Take any action as a result from Executive Session.
W %T1"M\117:1KV*LT40
FR "Dei 0 9►1►4101►10
CERTIFICATION
I certify that this Notice of Meeting was posted on October 15, 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.
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 smatters.
3
1012112026 /tem A.
Minutes
Wylie Economic Development Corporation
Board of Directors Special Called Meeting
September 9, 2026 — 11:30 A.M.
WEDC Offices — Conference Room
250 S Hwy 78 — Wylie, TX 75098
CALL TO ORDER
Announce the presence of a Quorum
President Blake Brininstool called the meeting to order at 11:41 a.m. Board Members present were Harold Smith
and Melisa Whitehead.
Ex-Officio Members Mayor Porter and Assistant City Manager Lety Yanez were present.
WEDC staff present included Executive Director Jason Greiner, Assistant Director Rachael Hermes, Economic
Development Coordinator Christy Stewart, and Office Manager Valerie Scott.
INVOCATION & PLEDGE OF ALLEGIANCE
Mayor Porter gave the invocation and led the Pledge of Allegiance.
COMMENTS ON NON -AGENDA ITEMS
With no citizen participation, President Blake Brininstool moved to the Consent Agenda.
CONSENT AGENDA
All matters listed under the Consent Agenda are considered to be routine by the WEDC Board of Directors and
will be enacted by one motion. There will not be a separate discussion of these items. If discussion is desired,
that item will be removed fi°om the Consent Agenda and will be considered separately.
A. Consider and act upon approval of Minutes from the August 19, 2026 Regular Meeting of the
WEDC Board of Directors.
Board Action
A motion was made by Harold Smith, seconded by Melisa Whitehead, to approve the Consent Agenda
as presented. A vote was taken, and the motion passed 3-0.
President Brininstool moved to Discussion Items.
DISCUSSION ITEMS
DSL Discussion regarding Architectural Updates.
Staff provided an update on the project's current status. The architectural team presented two conceptual
site plans addressing building configurations, pedestrian connections, parking, green space,
retail/restaurant opportunities, and potential event areas. The concepts included connections to
downtown, a plaza, pavilion and micro -retail opportunities, office space, and connections to the existing
pond. The architectural team noted that the project could be developed in phases. Following the
presentation, the Board and the Mayor discussed the concepts and provided feedback regarding
preferred design elements. The Board supported the open, usable green space and discussed
opportunities for events, markets, and other activities. Additional discussion included potential micro-
0
1012112026 /tem A.
WEDC — Minutes
September 9, 2026
Page 2 of 3
retail and incubator opportunities, pedestrian amenities, shade structures, landscaping, and outdoor
gathering areas. The Board reviewed architectural examples and discussed maintaining compatibility
with the existing downtown character. Mayor Porter expressed a preference for a more traditional and
historic storefront aesthetic. The Board also discussed parking requirements, site circulation, on -street
parking, fire -lane requirements, and the proposed pavilion/cabana location. The Board also considered
line of sight upon entering the development. Following the discussion, the architectural team will await
the Board's response and continue refining the preferred concept, including building layout, parking,
green space, pedestrian circulation, outdoor amenities, architectural character, and potential phasing.
Demond Dawkins entered the meeting at 11:54 a.m. during Discussion Item 1.
DS2. Staff report: WEDC Property Update, Temporary Access Agreements, Downtown Parking,
Engineering Report, Upcoming Events, and WEDC Activities/Programs.
Staff referred the Board to the Agenda Report in the packet for updates on WEDC property activity,
engineering projects, upcoming events, and WEDC activities and programs. Staff updated the Board on
a recently executed real estate contract, noting that the project timeline is progressing quickly. The
Lanspring Agreement may need modifications but will be brought back for future discussion. Staff
provided updates on WEDC activities, including staff attendance at the TEDC Basic Economic
Development Course in Southlake, ongoing planning for the Wylie Entrepreneur Expo featuring
keynote speaker Brandon Hurtado of Hurtado BBQ, participation in the virtual Global Leadership
Summit, and business tours facilitated for Congressman Self and his office. Staff reported that
Manufacturing Day preparations are underway, with one additional business joining this year's event.
Staff also reminded members about the Manufacturing Day Kickoff and Tours on October 1, as well as
the Chamber of Commerce Annual State of Education Luncheon and Manufacturing Day Reception and
Proclamation on September 22. Staff reported that September sales tax revenues are not yet available.
EXECUTIVE SESSION
Recessed into Closed Session at 1.2:33 p.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 Ballard/Brown, Brown/Eubanks, FM
544/Cooper, FM 544/Sanden, Jackson/Oak, Regency/Steel, State Hwy 78Ballard, and State Hwy
78/Brown.
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-
lc, 2024-2d, 2024-5a, 2024-8d, 2024-12c, 2025-10f, 2026-21, 2026-3e, 2026-4b, 2026-5j, 2026-
6d, 2026-8a, 2026-8b, 2026-8c, and 2026-8d.
Mayor Porter left during Executive Session at 12:55 p.m.
RECONVENE INTO OPEN SESSION
Take any action as a result of the Executive Session.
President Brininstool reconvened into Open Session at 1:06 p.m.
5]
/tem A.
WEDC —Minutes 10/21/2026
September 9, 2026
Page 3 of 3
President Brininstool then moved to consider Regular Agenda Item 1.
REGULAR AGENDA
Consider and act upon approval and ratification of the Property Purchase Agreement between the
Wylie EDC and Costco Wholesale Corporation regarding approximately 25.473 acres located at
the northwest corner of FM 544 and South Westgate Way in Wylie, Texas.
Roard Action
A motion was made by Melisa Whitehead, and seconded by Demond Dawkins, to approve and
ratify the Property Purchase Agreement between the Wylie EDC and Costco Wholesale
Corporation regarding approximately 25.473 acres located at the northwest corner of FM 544 and
South Westgate Way in Wylie, Texas, and to authorize the Wylie EDC Board President, or his/her
designee, to execute such documents and take such actions as may be necessary to close the
transaction in accordance with the terms of the Property Purchase Agreement. A vote was taken;
the motion passed 4-0.
FUTURE AGENDA ITEMS
No items were requested for inclusion on future WEDC agendas.
ADJOURNMENT
With no further business, President Brininstool adjourned the WEDC Board meeting at 1:07 p.m.
Harold Smith, President
ATTEST:
Jason Greiner, Executive Director
6]
1012112026 /tem B.
WYLIEEDC
Wylie Economic Development
Meeting Date: October 21, 2026 Item Number:
Prepared By:
Jason Greiner
Consider and act upon approval of the August 2026 WEDC Treasurer's Report.
Motion to approve the August 2026 WEDC Treasurer's Report.
Presented for the Board's review and approval is the August 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 the Performance Agreement Summary.
REVENUES:
Sales Tax Revenue earned in June and allocated in August was $526,61.9.20, an increase of 13.33% over the same period
in 2025.
FOOMMOO-MV
Engineering/Architectural
$21,834.19 Kimley Horn- General Engineer, 544 Corridor, SH 78 Sidewalks, Jackson Ave Parking, Lot 3 Parking,
Sanden Blvd. Widening, Regency Park Drainage
$11,805.10 Braun Intertec Corp. - Limited Soil Investigation
Special Services — Real Estate
$ 16,500.00 Zachary Construction Services — Property Cleanup
Special Services
$15,000.00 The Retail Coach — 24 Month Contract Payment
0
WYLIEECONOMIC
DEVELOPMENT
1 1012112026 Item B.
August Rev/Exp Report
Account Summary
For Fiscal: 2025-2026 Period Ending: 08/31/2026
Variance
Original
Current
Period
Fiscal
Favorable
Percent
Total Budget
Total Budget
Activity
Activity
(Unfavorable)
Remaining
Fund: 111 - WYLIE ECONOMIC DEVEL CORP
Revenue
Category: 400 - Taxes
111 4000-40210 SALES TAX
5,389,434.00
5,389,434.00
526,619.20
3,821,412.94
-1,568,021.06
29.09%
Category: 400 - Taxes Total:
5,389,434.00
5,389,434.00
526,619.20
3,821,412.94
-1,568,021.06
29.09%
Category: 460 - Interest Income
111-4000-46110 ALLOCATED INTEREST EARNINGS
10,000.00
10,000.00
23,648.63
296,958.08
286,958.08 2,969.58%
Category: 460 - Interest Income Total:
10,000.00
10,000.00
23,648.63
296,958.08
286,958.08
2,869.58%
Category: 480 - Miscellaneous Income
111-4000-48110 RENTAL INCOME
22,800.00
22,800.00
2,300.00
27,400.00
4,600.00
120.18%
111-4000-43430 GAIN/(LOSS) SALE OF CAP ASSETS
2,898,313.00
2,898,313.00
0.00
482,774.10
-2,415,538.90
83.34%
Category: 480 - Miscellaneous Income Total:
2,921,113.00
2,921,113.00
2,300.00
510,174.10
-2,410,938.90
82.53%
Category: 490 - Transfers In & Other Financing Sources
111-4000-49325 BANK NOTE PROCEEDS
0.00
9,600,000.00
0.00
9,600,000.00
0.00
0.00%
Category: 490 - Transfers In & Other Financing Sources Total:
0.00
9,600,000.00
0.00
9,600,000.00
0.00
0.00%
Revenue Total: 8,320,547.00 17,920,547.00
552,567.83 14,228,545.12 -3,692,001.88 20.60%
Expense
Category: 510 - Personnel Services
1 -1-1- 5 6 11-51110
SALARIES
549,044.03
549,044.03
42,713.40
492,869.20
56,174.83
10.23%
111-5611 51140
LONGEVITY PAY
3,089.89
3,089.89
0.00
3,088.00
1.89
0.06 %
111-5611-5131.0
TIVIRS
89,445.70
89,445.70
6,919.57
78,437.23
11,008.47
12.31%
1115611-5.1410
HOSPITAL& LIFE INSURANCE
90,827.45
90,827.45
3,527.34
58,706.67
32,120.78
35.36%
1115611-51420
LONG-TERM DISABILITY
2,031.46
2,031.46
79.04
928.04
1,103.42
54.32%
111 5611 51440
FICA
34,232.30
34,232.30
2,559.62
29,683.43
4,548.87
13.29%
111561.1-51450
MEDICARE
8,005.94
8,005.94
598.62
6,942.05
1,063.89
13.29%
1115611514.70
WORKERS COMP PREMIUM
552.13
552.13
0.00
395.52
156.61
28.36%
111561.1-51480
UNEMPLOYMENT COMP (TWC)
702 .00
702.00
0.00
1,023.72
-321.72
-45.83%
Category: 510 - Personnel Services Total:
-
777,930.90
777,930.90
56,397.59
672,073.86
105,857.04
13.61%
Category: 520 - Supplies
11.1-561152010
OFFICE SUPPLIES
5,000.00
5,000.00
269.76
3,335.01
1,664.99
33.30%
1115611-52040
POSTAGE & FREIGHT
300.00
300.00
25.20
218.68
81.32
27.11%
111 5_611 52810
FOOD SUPPLIES
3,000.00
5,300.00
522.22
4,088.74
1,211.26
22.85%
Category: 520 - Supplies Total:
8,300.00
10,600.00
817.18
7,642.43
2,957.57
27.90%
Category: 540 - Materials for Maintenance
111-5611-546.10
FURNITURE & FIXTURES
2,500.00
1,000.00
0.00
0.00
1,000.00
100.00%
111 -_5 6_11-- 54810
COMPUTER HARD/SOFTWARE
7,650.00
7,650.00
0.00
1,975,00
5,675.00
74.18%
Category: 540 - Materials for Maintenance Total:
10,150.00
8,650.00
0.00
1,975.00
6,675.00
77.17%
Category: 560 - Contractual Services
111-5611-56030
INCENTIVES
1,510,000.00
1,510,000.00
0.00
176,500.00
1,333,500.00
88.31%
11-1. -_5 6_11-5604.01
SPECIAL SERVICES
87,270.00
232,270.00
18,406.42
198,951.42
33,318.58
14.34%
1115611 56041.
SPECIAL SERVICES -REAL ESTATE
221,000.00
221,000.00
20,110.64
40,327.74
180,672.26
81.75%
111 5611-56042
SPECIAL SERVICES-INFRASTRUCTUR
3,200,000.00
3,200,000.00
0.00
922,590.86
2,277,409.14
71.17%
111-5611-56080
ADVERTISING
276,125.00
276,125.00
7,349.00
219,435.41
56,689.59
20.53%
1115611-56.090
COMMUNITY DEVELOPMENT
74,450.00
74,450.00
4,471.98
42,588.75
31,861.25
42.80%
111 5611---561.10
- - ---------------
-- ----
COMMUNICATIONS
7,900.00
7,900.00
670.02
4,745.57
3,154.43
39.93%
111 5611-56180
RENTAL
50,000.00
50,000.00
4,000.00
37,000.00
13,000.00
26.00%
1115611-56210
TRAVEL & TRAINING
95,500.00
89,700.00
1,597.89
61,433.76
28,266.24
31.51%
111-5611156250
DUES & SUBSCRIPTIONS
91,053.00
96,053.00
4,387.06
85,589.36
10,463.64
10.89%
111-561156310
INSURANCE
6,800.00
6,800.00
0.00
2,464.16
4,335.84
63.76%
111 561.1-5651.0
AUDIT & LEGAL SERVICES
53,000.00
53,000.00
2,812.38
41,460.58
11,539.42
21.77%
10/12/2026 8:3622 AM Page 1. of,l
1012112026
Item B.
Budget Report
For Fiscal: 2025-2026 Period Ending:
Variance
Original
Current
Period
Fiscal
Favorable
Percent
Total Budget
Total Budget
Activity
Activity
(Unfavorable)
Remaining
1,1.1_,>611 56 70 ENGINEERING/ARCHITECTURAL
960,300.00
960,300.00
39,294.29
335,884.77
624,415.23
65.02 %
1,11_,561t_5C _10 UTILITIES -ELECTRIC
2,400.00
2,400.00
249.68
2,049.91
350.09
14.59 %
Category: 560 - Contractual Services Total:
6,635,798.00
6,779,998.00
103,349.36
2,171,022.29
4,608,975.71
67.98%
Category: 570 - Debt Service & Capital Replacement
1,1.1.,5E>11 5 41C PRINCIPAL PAYMENT
818,019.85
934,504.85
89,675.05
849,868.56
84,636.29
9.06 %
1,11_,5611 _57413 INTEREST EXPENSE
1,065,228.95
1,380,309.95
135,521.72
1,195,730.07
184,579.88
13.37 %
Category: 570 - Debt Service & Capital Replacement Total:
1,883,248.80
2,314,814.80
225,196.77
2,045,598.63
269,216.17
11.63%
Category: 580 - Capital Outlay
1.11 5Ei11 5511.0 LAND -PURCHASE PRICE
1,000,000.00
12,251,614.39
0.00
11,812,650.65
438,963.74
3.58 %
1,115611 58.9.95 CONTRA CAPITAL OUTLAY
0.00
0.00
0.00
-11,812,650.65
11,812,650.65
0.00 %
Category: 580 - Capital Outlay Total:
1,000,000.00
12,251,614.39
0.00
0.00
12,251,614.39
100.00%
Expense Total:
10,315,427.70
22,143,608.09
385,760.90
4,898,312.21
17,245,295.88
77.88%
Fund: 111- WYLIE ECONOMIC DEVEL CORP Surplus (Deficit):
-1,994,880.70
-4,223,061.09
166,806.93
9,330,232.91
13,553,294.00
320.94%
Report Surplus (Deficit):
-1,994,880.70
-4,223,061.09
166,806.93
9,330,232.91
13,553,294.00
320.94%
10/ [ 2/202 a: 6E 22 AM Page 2 ni 4
Budget Report
Category
Fund: 111- WYLIE ECONOMIC DEVEL CORP
Revenue
400 - Taxes
460 - Interest Income
480 - Miscellaneous Income
490 - Transfers In & Other Financing Sources
Expense
510 - Personnel Services
520 - Supplies
540 - Materials for Maintenance
560 - Contractual Services
570 - Debt Service & Capital Replacement
580 - Capital Outlay
1012112026 Item B.
For Fiscal: 2025-2026 Period Ending:
Group Summary
Variance
Original
Current
Period
Fiscal
Favorable Percent
Total Budget
Total Budget
Activity
Activity
(Unfavorable) Remaining
5,389,434.00
5,389,434.00
526,619.20
3,821,412.94
-1,568,021.06 29.09%
10,000.00
10,000.00
23,648.63
296,958.08
286,958.08 2,869.58%
2,921,113.00
2,921,113.00
2,300.00
510,174.10
-2,410,938.90 82.53%
0.00
9,600,000.00
0.00
9,600,000.00
0.00 0.00%
Revenue Total: 8,320,547.00
17,920,547.00
552,567.83
14,228,545.12
-3,692,001.88 20.60%
Expense Total:
Fund: 111- WYLIE ECONOMIC DEVEL CORP Surplus (Deficit):
Report Surplus (Deficit):
777,930.90
777,930.90
56,397.59
672,073.86
105,857.04
13.61%
8,300.00
10,600.00
817.18
7,642.43
2,957.57
27.90%
10,150.00
8,650.00
0.00
1,975.00
6,675.00
77.17%
6,635,798.00
6,779,998.00
103,349.36
2,171,022.29
4,608,975.71
67.98%
1,883,248.80
2,314,814.80
225,196.77
2,045,598.63
269,216.17
11.63%
1,000,000.00
12,251,614.39
0.00
0.00
12,251,614.39
100.00%
10,315,427.70
22,143,608.09
385,760.90
4,898,312.21
17,245,295.88
77.88%
-1,994,880.70
-4,223,061.09
166,806.93
9,330,232.91
13,553,294.00
320.94%
-1,994,880.70
-4,223,061.09
166,806.93
9,330,232.91
13,553,294.00
320.94%
1.3f1.2f2026 a: 6E 22 AM
Page 3 of 4
fl
Budget Report
1012112026 Item B.
For Fiscal: 2025-2026 Period Ending:
Fund Summary
Variance
Original
Current
Period
Fiscal
Favorable
Fund Total Budget
Total Budget
Activity
Activity
(Unfavorable)
111- WYLIE ECONOMIC DEVEI CC-1,994,880.70
-4,223,061.09
166,806.93
9,330,232.91
13,553,294.00
Report Surplus (Deficit):-1,994,880.70
-4,223,061.09
166,806.93
9,330,232.91
13,553,294.00
1.0f1.2f2026 a: 6E 22 AM
Page 4 of 4
F 1-1
1012112026 /tem B.
Wylie Economic Development Corporation
Statement of Net Position
As of August 31, 2026
Assets
Cash and cash equivalents
Receivables
Inventories
Prepaid Items
Total Assets
Deferred Outflows of Resources
Pensions
Total deferred outflows of resources
Liabilities
Accounts Payable and other current liabilities
Unearned Revenue
Non current liabilities:
Due within one year
Due in more than one year
Total Liabilities
Deferred Inflows of Resources
Pensions
Total deferred inflows of resources
Net Position
$
9,895,637.35
$
762,500.00 Note 1
$
27,000,191.46
$
37,658,328.81
$ 112,459.55
$ 112,459.55
$
339,764.09
$
1,200.00 Note 2
$
167,202.00 Note 3
$
29,993,011.83
$
30,501,177.92
$ (25,054.41)
$ (25,054.41)
Net investment in capital assets $ -
Unrestricted $ 7,244,556.03
Total Net Position $ 7,244,556.03
Note 1: Includes incentives in the form of forgivable loans for $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
Account
Name
Fund: 111- WYLIE ECONOMIC DEVEL CORP
Assets
Balance
1012112026 Item B.
Balance Sheet
Account Summary
As Of 08/31/2026
1r1 _u 000 101.1.0
CLAIM ON CASH AND CASH EQUIV.
9,893,637,35
111-1000 10135
ESCROW
0.00
11_1 100a3 MMO
DEPOSITS
2,000.00
111 1.000-101.98
OTHER - MISC CLEARING
0.00
111.1.000-10341
TEXPOOL
0.00
11 1000-1034-3
LOGIC
0.00
1.11-1000-10481
INTEREST RECEIVABLE
0.00
111 1000-1151.1
ACCTS REC - MISC
0.00
111- 000 1.1517
ACCTS REC - SALES TAX
0.00
111 1000-12781.0
LEASE PAYMENTS RECEIVABLE
0.00
1.11-1000-1996
LOAN RECEIVABLE
0.00
111 1000 12998
ACCTS REC - FORGIVEABLE LOANS
762,500.00
1.11_10001 112
INVENTORY - MATERIAL/ SUPPLY
0.00
111 1000.14116
INVENTORY - LAND & BUILDINGS
27,000,191.46
111 1000-:14310
PREPAID EXPENSES - MISC
0.00
111 1000 14411
DEFERRED OUTFLOWS
3,945,000.00
mmmmmmmmm Total Assets:
41,603,328.81 41,603,328.81
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 2011.3
CREDIT UNION PAYABLE
0.00
11 I-2000 20114
IRS LEVY PAYABLE
0.00
1.11 7000 20115
NATIONWIDE DEFERRED COMP
0.00
C11 )1t)a3.211116a
HEALTH INSUR PAY -EMPLOYEE '
-3,338.45
1.11 2000 20117
TMRS PAYABLE
0.00
11-2000-2011.E
ROTH IRA PAYABLE
0.00
1.11 2000 20119
----------------------------------
WORKERS COMP PAYABLE
0.00
111-2000-20120
FICA PAYABLE
0.00
111 ?000 20121
TEC PAYABLE
0.00
11-2000-20122
STUDENT LOAN LEVY PAYABLE
0.00
111 2000-20123
ALIMONY PAYABLE
0.00
111-2000-20124
BANKRUPTCY PAYABLE
0.00
111 2000-11125
VALIC DEFERRED COMP
0.00
11.1 20100 2012E
ICMA PAYABLE
0.00
111-2000 20127
EMP. LEGAL SERVICES PAYABLE
0.00
111 2000-20130
FLEXIBLE SPENDING ACCOUNT
0.00
111 2000-201.31
EDWARD JONES DEFERRED COMP
0.00
i 1 2000-201.32
EMP CARE FLITE
0.00
111 2000.20133
Unemployment Comp Payable
-37.72
111-2000 20166
NSA PAYABLE
500.00
111 2000 20151
ACCRUED WAGES PAYABLE
0.00
111-2000-20180
AD'DIT EMPLOYEE INSUR PAY
50.19
111 2000-20199
MISC PAYROLL PAYABLE
0.00
11.1 000-2 201
AP PENDING
2,900,00
111 2000- 021)
ACCOUNTS PAYABLE
0.00
1 1-2000--.10 30
PROPERTY TAXES PAYABLE
11,569.36
111 2000 1.054 0
NOTES PAYABLE
3,945,000.00
11,1r20110-20610
RETAINAGE PAYABLE
328,120.71
111 2000 2081.0
DUE TO GENERAL FUND
0.00
111.2000 22270
DEFERRED INFLOW
0.00
111 1000 222751
DEF INFLOW - LEASE PRINCIPAL
0.00
1.0/12/20 6 0:3650 AM Page 1 ol, 3
13
Balance Sheet
1 1012112026 Item B.
As Ut UB/31/ZUZb
Account Name Balance
3.11-2000-22280 DEFERRED INFLOW - LEASE INT 0.00
.3.11-2000-229.15. RENTAL DEPOSITS 1,200.00
----------- - Total Liability: 4,285,964.09
Equity
111-3000-34590
Total Revenue
Total Expense
Revenues Over/Under Expenses
FUND BALANCE-UNRESERV/UNDESIG 27,987,131.81
Total Beginning Equity: 27,987,131.81
14,228,545.12
4,898,312.21
9,330,232.91
Total Equity and Current Surplus (Deficit): 37,317,364.72
Total Liabilities, Equity and Current Surplus (Deficit): 41,603,328.81
10/12/2026 8:3650 AM
Page 2 of 3
F14]
Balance Sheet
1012112026 Item B.
As
Account
Name
Fund: 922 - GEN LONG TERM DEBT (WEDC)
Assets
Balance
922-1.000-1811.0
LOAN - WEDC
0.00
92_1_ 1000 19050
DEF OUTFLOW TMRS CONTRIBUTIONS ;
56,380,29
922 1000 1909 1
DEF OUTFLOW SDBF CONTRIBUTIONS
1,532.00
922-1000-99075
DEF OUTFLOW - INVESTMENT EXP
0.48
.922 1000.19101
DEF OUTFLOW - ACT EXP/ASSUMP
54,546.78
9 1 1w000-1 125
(GAIN)/LOSS ON ASSUMPTION CHGS
-21,578.41
922 1000 .19125E
DEF INFLOW SDBF CONTRIBUTIONS
-3,476.00
Total Assets:
87,405.14 87,405.14
Liability
22__2000-2 31_1. COMP ABSENCES PAYABLE -CURRENT 32,300.82
922 2000 r 1 10 ACCRUED INTEREST PAYABLE ; 44,848.94
922 2000.28 0 WEDC LOANS/CURRENT 90,052.24
922_2 0 _ 82_ 7 JARRARD LOAN 9,258.28
922 000 22421 GOVCAP LOAN/SERIES 2022 6,993,178.75
922 2000._2824.9 GOVCAP LOAN/SERIES 2025 6,628,557.20
922-2000- 291.?50
922 2000 29151
Equity
922 3000 34590
922 3000-3!5900
Total Revenue
Total Expense
Revenues Over/Under Expenses
NET PENSION LIABILITY
220,716.17
Total Liability: 30,160,213.83
FUND BALANCE-UNRESERV/UNDESIG 21,202,413.25
UNRESTRICTED NET POSITION 120,264.00
Total Beginning Equity:-21,322,677.25
-9,600,000.00
-849,868.56
-8,750,131.44
Total Equity and Current Surplus (Deficit):-30,072,808.69
Total Liabilities, Equity and Current Surplus (Deficit): 87,405.14
1.0/12/ 202 6 3:3650 AM Page :3 of :3
F15]
1 1012112026 /tem B.
Wylie Economic Development Corporation
SALES TAX REPORT
August 31, 2026
BUDGETED YEAR
DIFF % DIFF
MONTH FY 2023 FY 2024 FY 2025 FY 2026 25 vs. 26 25 vs. 26
DECEMBER
$
338,726.54
$ 374,68638
$ 390,604.04
$ 408,728.64
$
18,124.60
4.64%
JANUARY
$
368,377.73
$ 393,99439
$ 382,610.55
$ 388,798.25
$
6,187.71
1.62%
FEBRUARY
$
480,381 A 1
$ 265,491 .94
$ 602,324.24
$ 551,977.23
$
(50,347.01)
-836%
MARCH
$
313,686.17
$ 577,757.71
$ 329,04832
$ 342,089.27
$
13,040.96
3.96%
APRIL
$
310,050.94
$ 341,335.06
$ 322,976.93
$ 347,091.95
$
24,115.02
7.47%
MAY
$
434,87833
$ 448,671.55
$ 471,458A6
$ 478,508.93
$
7,050.47
1.50%
JUNE
$
330,236.89
$ 377,949.25
$ 388,872.57
$ 384,581.84
$
(4,290.74)
-1.10%
JULY
$
379,162.00
$ 374,225.20
$ 392,577.13
$ 393,017.64
$
440.51
0.11%
AUGUST
$
448,253.70
$ 463,185.29
$ 464,675.10
$ 526,619.20
$
61,944.11
13.33%
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 $ 3,821,412.95 $ 76,265.62 2.04%
Total $ 4,611,795.64 $ 4,874,240.18 $ 5,014,687.65 $ 3,821,412.95 $ 76,265.62 2.04%
WEDC Sales Tax Analysis
$700,000
$600,000
$500,000
$400,000
$300,000
$200,000
$100,000
E
N
Sales Tax collections typically take 2 months to be reflected as Revenue. SIsTx receipts are then accrued back 2 months.
Example: August SIsTx Revenue is actually June SIsTx and is therefore the 9th allocation in FY26.
1 1012112026 /tem B.
AMERICAN ENTITLEMENTS 11
GLEN ECHO BREWING
PHOENIX ASCENDING
CATES/LANSPRING INVESTMENTS
SCSID
TEXSTONE/TSP CIP WYLIE
MANN-MADE/G01 ENTERPRISES
HELM DENTAL LABORATORY
TOWER
Wylie Economic Development Corporation
PERFORMANCE AGREEMENT REPORT
August 31, 2026
TOTAL INCENTIVE
REMAINING AFTER PREVIOUS FY TOTAL INCENTIVE
CURRENTFY PAYMENTS
FY 2026
FY 2027
FY 2028
FY 2029
FY 2030
FY 2031
$ 35,000.00
$
10,000.00
$
-
$
-
$ -
$ -
$ -
$
$
25, 000.00 $
35,000.00
$ 100,000.00
$
20, 000.00
$
-
$
-
$ -
$
$ -
$
$
80, 000.00 $
100, 000. oo A
$ -
$
$
-
$
-
$
$
$
$
$
$
- B
$ 600,000.00
$
$
300,000.00
$
300,000.00
$
$
$
$
600,000,00
$
$
600,000.00 C
$ 1, 200, 000. 00
$
$
600,000.00
$
600,000.00
$
$
$
$
1, 200, 000. 00
$
1, 200, 000. 00
$ z 000, 000. 00
$
$
1, 000, 000. 00
$
1, 000, 000. 00
$
$
$
$
2, 000, 000. 00
$
$
2, 000, 000. 00
$ 25,000.00
$
25, 000.00
$
-
$
-
$
$
$
$
$
$
25,000.00
$ 20,000.00
$
20,000,00
$
-
$
-
$
$
$
$
$
$
20,000.00
$ 100,000.00
$
50, 000, 00
$
50, 000. 00
$
50,000.00
$
100,000.00
$ 4,080,000.00
$
125,000.00
$
1,900,000.00
$
1,900,000.00
$
$
$
$
3,850,000.00
$
105,000.00 $
4,080,000.00
Deterted Outtlowis
A. Performance Agreeement ($100,000) and Forgiveable Land Grant ($100,000 forgiven over 3 years). $33,000 CO, $33,000 iin 2025, and $34,000 iin 2026.
B. Forgiveable Land Grant ($450,000 forgiven over 4 years). $112,500 C.✓C & $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
$ 3, 045, 000, 00
1012112026 Item C.
WYLIEEDC
Wylie Economic Development
Meeting Date: October 21, 2026 Item Number:
Prepared By:
Jason Greiner
Consider and act upon approval of the September 2026 WEDC Treasurer's Report.
Motion to approve the September 2026 WEDC Treasurer's Report.
C
Presented for the Board's review and approval is the September 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, Performance Agreement Summary, and the Quarterly
Inventory Subledger.
REVENUES:
Sales Tax Revenue earned in July and allocated in September was $614,430.48, up 48.47% from the same period in 2025.
The notable increase is due to a significant equipment purchase. Staff is determining whether this is a one-time investment
or whether additional purchases will follow.
EXPENSES:
Engineering/Architectural
$10,179.00 Killian Design, LLC. - Concept Phase I
$129,881.71 Kimley Horn- General Engineer, 544 Corridor, SH 78 Sidewalks, Jackson Ave Parking, Lot 3 Parking,
and Sanden Blvd. Widening
Note: End -of -year accruals will take place in October and will include incentive payments to Helm Dental Laboratory
and Tower Extrusions.
WYLIEECONOMIC
DEVELOPMENT
1 1012112026 Item C.
September Rev/Exp Report
Account Summary
For Fiscal: 2025-2026 Period Ending: 09/30/2026
Variance
Original
Current
Period
Fiscal
Favorable
Percent
Total Budget
Total Budget
Activity
Activity
(Unfavorable)
Remaining
Fund: 111 - WYLIE ECONOMIC DEVEL CORP
Category: 400 -
Taxes
111-4000-40210
SALES TAX
5,389,434.00
5,389,434.00
614,430.48
4,435,843.42
-953,590.58
17.69%
Category: 400 - Taxes Total:
5,389,434.00
5,389,434.00
614,430.48
4,435,843.42
-953,590.58
17.69%
Category: 460 -
Interest Income
111 4000-4611.0
ALLOCATED INTEREST EARNINGS
10,000.00
10,000.00
23,961.25
320,919.33
310,919.33 3,209.19%
Category: 460 - Interest Income Total:
10,000.00
10,000.00
23,961.25
320,919.33
310,919.33
3,109.19%
Category: 480 -
Miscellaneous Income
111-4000-4811.0
RENTAL INCOME
22,800.00
22,800.00
400.00
27,800.00
5,000.00
121.93%
111-4000-419430
GAIN/(LOSS) SALE OF CAP ASSETS
2,898,313.00
2,898,313.00
0.00
482,774.10
-2,415,538.90
83.34%
Category: 480 - Miscellaneous Income Total:
2,921,113.00
2,921,113.00
400.00
510,574.10
-2,410,538.90
82.52%
Category: 490 -
Transfers In & Other Financing Sources
111-4000-49-315
BANK NOTE PROCEEDS
0.00
9,600,000.00
0.00
9,600,000.00
0.00
0.00%
Category: 490 - Transfers In & Other Financing Sources Total:
0.00
9,600,000.00
0.00
9,600,000.00
0.00
0.00%
Category: 510 -
Personnel Services
111-5611. 51110
SALARIES
549,044.03
549,044.03
35,072.92
527,942.12
21,101.91
3,84%
111-5611-51140
LONGEVITY PAY
3,089.89
3,089.89
0.00
3,088.00
1.89
0.06%
111-5611-51310
TIVIRS
89,445.70
89,445.70
5,463.38
83,900.61
5,545.09
6.20%
111 5611-51410
HOSPITAL& LIFE INSURANCE
90,827.45
90,827.45
3,514.23
62,220.90
28,606.55
31.50%
1115611-51420
LONG-TERM DISABILITY
2,031.46
2,031.46
67.22
995.26
1,036.20
51.01%
111-561.1-51440
FICA
34,232.30
34,232.30
2,085.64
31,769.07
2,463.23
7.20%
111561.151450
MEDICARE
8,005.94
8,005.94
487.77
7,429.82
576.12
7.20%
1115611 51470
WORKERS COMP PREMIUM
552.13
552.13
0.00
395.52
156.61
28.36%
111561.1 51480
UNEMPLOYMENT COMP (TWC)
702.00
702.00
0.00
1,023.72
-321.72
-45.83 %
Category: 510 - Personnel Services Total:
777,930.90
777,930.90
46,691.16
718,765.02
59,165.88
7.61%
Category: 520 -
Supplies
111 561152010
OFFICE SUPPLIES
5,000.00
5,000.00
163.75
3,498.76
1,501.24
30.02%
111 -5611-5204.0
POSTAGE & FREIGHT
300.00
300.00
0.00
218.68
81.32
27.11 %
111 5611-5281.0
FOOD SUPPLIES
3,000.00
5,300.00
272.20
4,360.94
939.06
17.72%
Category: 520 - Supplies Total:
8,300.00
10,600.00
435.95
8,078.38
2,521.62
23.79%
Category: 540 -
Materials for Maintenance
111-5611-5461.0
FURNITURE & FIXTURES
2,500.00
1,000.00
0.00
0.00
1,000.00
100.00%
111-5611 54810
COMPUTER HARD/SOFTWARE
7,650.00
7,650.00
0.00
1,975.00
5,675.00
74.18%
Category: 540 - Materials for Maintenance Total:
10,150.00
8,650.00
0.00
1,975.00
6,675.00
77.17%
Category: 560 -
Contractual Services
111 561156030
INCENTIVES
1,510,000.00
1,510,000.00
0.00
176,500.00
1,333,500.00
88.31%
111-5611-56040
SPECIAL SERVICES
87,270.00
232,270.00
10,655.34
209,606.76
22,663.24
9.76%
111561.1 5604.1.
SPECIAL SERVICES -REAL ESTATE
221,000.00
221,000.00
601.96
40,929.70
180,070.30
81.48%
111 5611-56042
SPECIAL SERVICES-INFRASTRUCTUR
3,200,000.00
3,200,000.00
0.00
922,590.86
2,277,409.14
71.17%
111-5611-56080
ADVERTISING
276,125.00
276,125.00
13,541.20
232,976.61
43,148.39
15.63 %
1115611 56090
COMMUNITY DEVELOPMENT
74,450.00
74,450.00
5,400.00
47,988.75
26,461.25
35.54%
1115611-5611.0
COMMUNICATIONS
7,900.00
7,900.00
518.06
5,263.63
2,636.37
33.37%
111 5611-56180
RENTAL
50,000.00
50,000.00
4,000.00
41,000.00
9,000.00
18.00%
1115611-56210
TRAVEL & TRAINING
95,500.00
89,700.00
640.93
62,074.69
27,625.31
30.80 %
11156-56250
DUES & SUBSCRIPTIONS
91,053.00
96,053.00
7,552.47
93,141.83
2,911.17
3.03 %
1115611-56310
INSURANCE
6,800.00
6,800.00
0.00
2,464.16
4,335.84
63.76%
111 5.611-56510
AUDIT & LEGAL SERVICES
53,000.00
53,000.00
0.00
41,460.58
11,539.42
21.77%
111 5611-56570
ENGINEERING/ARCHITECTURAL
960,300.00
960,300.00
140,060.71
475,945.48
484,354.52
50.44%
1115611.56610
UTILITIES -ELECTRIC
2,400.00
2,400.00
0.00
2,049.91
350.09
14.59%
Category: 560 - Contractual Services Total:
6,635,798.00
6,779,998.00
182,970.67
2,353,992.96
4,426,005.04
65.28%
10/12/2026 9:04 14 AM Page 1. 01 11
1012112026 Item C.
Budget Report
For Fiscal: 2025-2026 Period Ending:
Variance
Original
Current
Period
Fiscal
Favorable
Percent
Total Budget
Total Budget
Activity
Activity
(Unfavorable)
Remaining
Category: 570 - Debt Service & Capital Replacement
1_,11__5611__5T410 PRINCIPAL PAYMENT
818,019.85
934,504.85
90,052.24
939,920.80
-5,415.95
-0.58 %
111.5611.1741.1_ INTEREST EXPENSE
1,065,228.95
1,380,309.95
135,144.53
1,330,874.60
49,435.35
3.58 %
Category: 570 - Debt Service & Capital Replacement Total:
1,883,248.80
2,314,814.80
225,196.77
2,270,795.40
44,019.40
1.90%
Category: 580 - Capital Outlay
1,1.1_5611.5811.0 LAND -PURCHASE PRICE
1,000,000.00
12,251,614.39
0.00
11,812,650.65
438,963.74
3.58 %
111.5611-58995 CONTRA CAPITAL OUTLAY
0.00
0.00
0.00
-11,812,650.65
11,812,650.65
0.00 %
Category: 580 - Capital Outlay Total:
1,000,000.00
12,251,614.39
0.00
0.00
12,251,614.39
100.00%
Fund: 111- WYLIE ECONOMIC DEVEL CORP Surplus (Deficit):
-1,994,880.70
-4,223,061.09
183,497.18
9,513,730.09
13,736,791.18
325.28%
Report Surplus (Deficit):
-1,994,880.70
-4,223,061.09
183,497.18
9,513,730.09
13,736,791.18
325.28%
1.0/1.2f2026 9:044 14 AM I}cage ? ni <1
1012112026 Item C.
Budget Report
For Fiscal:
2025-2026 Period Ending:
Group Summary
Variance
Original
Current
Period
Fiscal
Favorable Percent
Category
Total Budget
Total Budget
Activity
Activity
(Unfavorable) Remaining
Fund: 111- WYLIE ECONOMIC DEVEL CORP
400 - Taxes
5,389,434.00
5,389,434.00
614,430.48
4,435,843.42
-953,590.58 17.69%
460 - Interest Income
10,000.00
10,000.00
23,961.25
320,919.33
310,919.33 3,109.19%
480 - Miscellaneous Income
2,921,113.00
2,921,113.00
400.00
510,574.10
-2,410,538.90 82.52%
490 - Transfers In & Other Financing Sources
0.00
9,600,000.00
0.00
9,600,000.00
0.00 0.00%
510 - Personnel Services
777,930.90
777,930.90
46,691.16
718,765.02
59,165.88 7.61%
520 - Supplies
8,300.00
10,600.00
435.95
8,078.38
2,521.62 23.79%
540 - Materials for Maintenance
10,150.00
8,650.00
0.00
1,975.00
6,675.00 77.17%
560 - Contractual Services
6,635,798.00
6,779,998.00
182,970.67
2,353,992.96
4,426,005.04 65.28%
570 - Debt Service & Capital Replacement
1,883,248.80
2,314,814.80
225,196.77
2,270,795.40
44,019.40 1.90%
580 - Capital Outlay
1,000,000.00
12,251,614.39
0.00
0.00
12,251,614.39 100.00%
Fund: 111- WYLIE ECONOMIC DEVEL CORP Surplus (Deficit):
-1,994,880.70
-4,223,061.09
183,497.18
9,513,730.09
13,736,791.18 325.28%
Report Surplus (Deficit):
-1,994,880.70
-4,223,061.09
183,497.18
9,513,730.09
13,736,791.18 325.28%
1.0/1.2f2026 9:044 14 AM Page 3 of 4
F21]
Budget Report
1012112026 Item C.
For Fiscal: 2025-2026 Period Ending:
Fund Summary
Variance
Original
Current
Period
Fiscal
Favorable
Fund Total Budget
Total Budget
Activity
Activity
(Unfavorable)
111- WYLIE ECONOMIC DEVEI CC-1,994,880.70
-4,223,061.09
183,497.18
9,513,730.09
13,736,791.18
Report Surplus (Deficit):-1,994,880.70
-4,223,061.09
183,497.18
9,513,730.09
13,736,791.18
1.O/1.2f2026 9:044 14 AM
Page 4 of 4
F22]
1012112026 Item C.
Wylie Economic Development Corporation
Statement of Net Position
As of September 30, 2026
Assets
Cash and cash equivalents
Receivables
Inventories
Prepaid Items
Total Assets
Deferred Outflows of Resources
Pensions
Total deferred outflows of resources
Liabilities
Accounts Payable and other current liabilities
Unearned Revenue
Non current liabilities:
Due within one year
Due in more than one year
Total Liabilities
Deferred Inflows of Resources
Pensions
Total deferred inflows of resources
Net Position
Net investment in capital assets
Unrestricted
Total Net Position
$
10,076,234.63
$
762,500.00 Note 1
$
27,000,191.46
$
37,838,926.09
$ 112,459.55
$ 112,459.55
$
336,864.19
$
1,200.00 Note 2
$
77,149.76 Note 3
$
29,993,011.83
$
30,408,225.78
$ (25,054.41)
$ (25,054.41)
$ 7,518,105.45
$ 7,518,105.45
Note 1: Includes incentives in the form of forgivable loans for $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
WYLIEECONOMIC
DEVELOPMENT
1012112026 Item C.
Balance Sheet
Account Summary
As Of 09/30/2026
Account
Name
Balance
Fund: 111 - WYLIE ECONOMIC DEVEL CORP
Assets
1111901911_11
CLAIM ON CASH AND CASH EQUIV.
10,074,234.63
111-1000-1013"3
ESCROW
0.00
11 1-000-101513
CASH - RESTRICTED
0.00
111-1000-10190
DEPOSITS
2,000.00
.111
OTHER - MISC CLEARING
0.00
111-1000-10312
GOVERNMENT NOTES
0.00
j iLM0 11QU-1
CERTIFICATES OF DEPOSIT
0.00
111-1000-10341
TEXPOOL
0.00
"11L-1 iQ�U
LOGIC
0.00
111-1000 104131
INTEREST RECEIVABLE
0.00
1i 11-1NNI-1511 k
ACCTS REC - MISC
0.00
111100011517
ACCTS REC - SALES TAX
0.00
1,11-1000-12810
LEASE PAYMENTS RECEIVABLE
0.00
111-1000-1-2996
LOAN RECEIVABLE
0.00
111-1-CM-1MM
ACCTS REC - FORGIVEABLE LOANS
762,500.00
111-1000-14112
INVENTORY - MATERIAL/ SUPPLY
0.00
11EI(101-1_111E
INVENTORY - LAND& BUILDINGS
27,000,191.46
111-1000-1431.0
PREPAID EXPENSES- MISC
0.00
1-111-DOM14-M
DEFERRED OUTFLOWS
3,945,000,00
Total Assets:
41,783,926.09 41,783,926.09
Liability
11-1-2000-2-UM
FEDERAL INCOME TAX PAYABLE
0.00
111-2000-20111
MEDICARE PAYABLE
0.00
111-2000-2011.2
CHILD SUPPORT PAYABLE
0.00
111-2000-2011.3
CREDIT UNION PAYABLE
0.00
11.1-2000-20114
IRS LEVY PAYABLE
0.00
111-2000-70115
NATIONWIDE DEFERRED COMP
0.00
111-2000-2011.6
HEALTH INSUR PAY -EMPLOYEE
-3,338.35
111-2000-2011.7
TIVIRS PAYABLE
0.00
111- 2000- 20118
ROTH IRA PAYABLE
0100
111-2000-20119
WORKERS COMP PAYABLE
0.00
111-2000-20120
FICA PAYABLE
0.00
111-2000-2701.21
TEC PAYABLE
0.00
111-2000-201.22
STUDENT LOAN LEVY PAYABLE
0.00
1112000-20123
ALIMONY PAYABLE
0.00
111-2000-20124
BANKRUPTCY PAYABLE
0100
111-2000-20125
VALIC DEFERRED COMP
0.00
11.1- 2000-20126
ICMA PAYABLE
0.00
.1112.000-20127
EMP. LEGAL SERVICES PAYABLE
0.00
FLEXIBLE SPENDING ACCOUNT
0.00
.111-2000-20131
EDWARD JONES DEFERRED COMP
0.00
111-2000-20132
EMP CARE FLITE
0.00
1.11-2000-20113
Unemployment Comp Payable
-37.72
1.11-2000 20136
---- ------ - -----
HSA PAYABLE
500.00
Ill.-2000-20151
-------------------------------
ACCRUED WAGES PAYABLE
0.00
111-2000-201,80
ADDIT EMPLOYEE INSUR PAY
50.19
111-2000-20199
MISC PAYROLL PAYABLE
0.00
111-2000-20201
AP PENDING
0.00
111-2000- 2021.0
--------------------------------
ACCOUNTS PAYABLE
0.00
111-2000-20530
PROPERTY TAXES PAYABLE
11,569.36
1-1-1-- 2-0-0-0-2-0-5-4-0-
NOTES PAYABLE
3,945,000.00
10/12/2026 9:04�34 AM
Page I ol, :3
[ 24]
Balance Sheet
Account
Name
Balance
Ill 2000-2081.0
DUE TO GENERAL FUND
0.00
111-2000-22270
DEFERRED INFLOW
0100
.111-2000-22275
DEF INFLOW - LEASE PRINCIPAL
0.00
111-2000-22280
DEFERRED INFLOW - LEASE INTi
OM
.111-2000-22915
RENTAL DEPOSITS
1,200.00
Total Liability:
4,283,064.19
Equity
111-3000-3411.0
FUND BALANCE - RESERVED
0.00
.111-3000-14590
FUND BALANCE-UNRESERV/UNDESIG
27,987,131.81
Total Beginning Equity: mmmmmmmm27,987,131.81
Total Revenue
14,867,336.85
Total Expense
5,353,606.76
Revenues Over/Under Expenses
9,513,730.09
Total Equity and Current Surplus (Deficit):
37,500,861.90
Total Liabilities, Equity and Current Surplus (Deficit): 41,783,926.09
1 1012112026 Item C.
As UtU9/3U/ZUZb
10/12/2026 9:04�34 AM
Page 2 of 3
F26]
Balance Sheet
1012112026 Item C.
As
Account Name Balance
Fund: 922 - GEN LONG TERM DEBT (WEDC)
Assets
922-1.000-1811.0
LOAN - WEDC
0.00
92_1_ 1000 19050
DEF OUTFLOW TMRS CONTRIBUTIONS ;
56,380,29
9.22 1000 190" 1
DEF OUTFLOW SDBF CONTRIBUTIONS
1,532.00
922-1000-99075
DEF OUTFLOW - INVESTMENT EXP
0.48
.922 1000.1910
DEF OUTFLOW - ACT EXP/ASSUMP
54,546.78
922 T000-1 125
(GAIN)/LOSS ON ASSUMPTION CHGS
-21,578.41
22 1000 _ 9125E
DEF INFLOW SDBF CONTRIBUTIONS
-3,476.00
Total Assets:
87,405.14 87,405.14
Liability
922 2000-20326
ICMA PAYABLE
0.00
922 2000 .0. 10
COMPENSATED ABSENCES PAYABLE
47,001.64
922 2000 20311.
COMP ABSENCES PAYABLE -CURRENT
32,300,82
.922 7000 21410
ACCRUED INTEREST PAYABLE
44,848.94
922 -2000 28205
WEDC LOANS/CURRENT
0.00
922 200C _22245
GOVCAP LOAN/KIRBY
6,602,913.51
2 22000 2 247
JARRARD LOAN
9,258,28
922 2000._28244
GOVCAP LOAN/SERIES 2022
6,993,178.75
922__s000-2 249
GOVCAP LOAN/SERIES 2025
6,628,557.20
922 2000-28251
GOVCAP LOAN/SERIES 2026
9,483,515.28
922 2000-29,150
NET PENSION LIABILITY
220,716.17
22 2000 9151
SDBF LIABILITY
7,871.00
Equity
Total Revenue
Total Expense
Revenues Over/Under Expenses
Total Liability: 30,070,161.59
UNRESTRICTED NET POSITION-120,264.00
Total Beginning Equity: ...._-21,322,677.25
-9,600,000.00
-939,920.80
-8,660,079.20
Total Equity and Current Surplus (Deficit):-29,982,756.45
Total Liabilities, Equity and Current Surplus (Deficit): 87,405.14
1.0/12/2026 9:09,°°34 AM Page :3 of 3
F26]
1012112026 Item C.
Wylie Economic Development Corporation
SALES TAX REPORT
September 30, 2026
BUDGETED YEAR
DIFF % DIFF
MONTH FY 2023 FY 2024 FY 2025 FY 2026 25 vs. 26 25 vs. 26
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
$
342,089.27
$ 13,040.96
3.96%
APRIL
$
310,050.94
$ 341,335.06
$ 322,976.93
$
347,091.95
$ 24,115.02
7.47%
MAY
$
434,878.33
$ 448,671.55
$ 471,458.46
$
478,508.93
$ 7,050.47
1.50%
JUNE
$
330,236.89
$ 377,949.25
$ 388,872.57
$
384,581.84
$ (4,290.74)
-1.10%
JULY
$
379,162.00
$ 374,225.20
$ 392,577.13
$
393,017.64
$ 440.51
0.11%
AUGUST
$
448,253.70
$ 463,185.29
$ 464,675.10
$
526,619.20
$ 61,944.11
13.33%
SEPTEMBER
$
371,880.65
$ 408,571.56
$ 413,833.25
$
614,430.48
$ 200,597.23
48.47%
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 $ 4,435,843.43 $ 276,862.85 6.657%
Total $ 4,611,795.64 $ 4,874,240.18 $ 5,014,687.65 $ 4,435,843.43 $ 276,862.85 6.657%
WEDC Sales Tax Analysis
$700,000
$600,000
$500,000
$400, 000
$300,000
$200,000
$100,000
$Q
3
Q
Q
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 SlsTx and is therefore the 10th allocation in FY26.
27]
1 1012112026 Item C.
W41NM11i] �1 .1 1 11� I- . i
AMERICAN ENTITLEMENTS 11
GLEN ECHO BREWING
PHOENIX ASCENDING
CATES/1-ANSPRING INVESTMENTS
SCSD
TEXSTONE/TSP CP WYLIE
MANN-MADE/G01 ENTERPRISES
HELM DENTAL LABORATORY
TOWER EXTRUSIONS
Wylie Economic Development Corporation
PERFORMANCE AGREEMENT REPORT
September 30, 2026
TOTAL INCENTIVE
REMAINING AFTER PREVIOUS FY TOTAL INCENTIVE
CURRENTFY PAYMENTS
FY 2026
FY 2027
FY 2028
FY 2029
FY 2030
FY 2031
$ 35,000.00
$
10,000.00
$
$
$ -
$ -
$ -
$
$
25,000.00 $
35,000.00
$ 100,000.00
$
20,000.00
$
$
$
$
$ -
$
$
80,000.00 $
i oo, 000. oo A
$ -
$
$
$
$
$
$
$
$
$
- B
$ 600,000.00
$
$
300,000.00
$
300,000.00
$
$
$
$
600,000,00
$
$
600,000.00 C
$ 1, 200, 000. 00
$
$
600,000.00
$
600,000.00
$
$
$
$
1, 200, 000. 00
$
1, 200, 000. 00
$ 2, 000, 000.00
$
$
1, 000, 000.00
$
1, 000, 000.00
$
$
$
$
2,000,000 00
$
$
2, 000, 000.00
$ 25,000.00
S
25,000.00
$
$
$
$
$
$
$
$
25,000.00
$ 20,000.00
$
20, 000, 00
$
$
$
$
$
$
$
$
20,000.00
$ 100,000.00
$
50,000,00
$
50,000.00
$
50,()00,0()
$
100,000.00
$ 4,080,000.00
$
125,000.00
$
1,900,000.00
$
1,900,000.00
$
$
$
$
3,850,000.00
$
105,000.00 $
4,080,000.00
Deferred Outflows
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
$ 3, 945, 000, 00
F 28]
1012112026 Item C.
Wylie Economic Development Corporation
Inventory Subledger (Land)
September 30, 2026
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
0A640
20212 $ 180,414.00
3,625
$ 186,934.22
Perry
9/13/06
707 Cooper
0.4910
21388
n/a
$ 200,224.00
Bowland/Anderson
10/9/07
Cooper Dr.
0.3720
16204
n/a
$ 106,418.50
Duel Products
9/7/12
704 Cooper Dr.
0.5000
21780
n/a
$ 127,452.03
Randack
10/23/12
711-713 Cooper Dr.
1.0890
47437
n/a
$ 400,334.00
Lot 2R3
7/24/14
Cooper Dr.
0.9500
41382
n/a
$ 29,056.00 $
1,252,463.75
Regency Dr.
Steel/Hooper
12/29/22
Lot 2R Heimberger Industrial Park
3.6885
160671
n/a
$ 345,441.57 $
345,441.57
544 Corridor
Blakey
9/29/25
Davidson Survey, Tract 46 & 42
8.573
373440
n/a
$ 4,481,819.61
Dempsey
12/17/25
2002 W Kirby St
3.660
159430
n/a
$ 2,266,681.38
Wylie Square One/Kim
6/2/26
FM 544 Corridor
8.262
359893
n/a
$ 5,013,885.41
L.M.B./Benson
6/3/26
FM 544 Corridor
1.03
44867
n/a
$ 925,710.82
Kates
7/7/26
FM 544 Corridor
3.95
172062
n/a
$ 3,617,942.40 $
16,306,039.62
544 Gateway
Lot 3R
Replat 1/23
544 Gateway Addition
0.846
36847
n/a
$ 452,217.10
Lots Sold: 6, 1R,
Lot 4R
Replat 1/23
544 Gateway Addition
1.183
51518
n/a
$ 632,271.85
5R, & 2R
Lot 7R
Replat 1/23
544 Gateway Addition
0.931
40576
n/a
$ 497,982.50 $
1,582,471.45
Downtown
Heath
3/17/14
104 N. Jackson
0.1720
7492
n/a
$ 220,034.00
Udoh
2/12/14
109 Marble
0A700
7405
n/a
$ 70,330.00
Peddicord
12/12/14
100 W. Oak St
0.3481
15163
n/a
$ 486,032.00
City Lot
12/12/14
108/110 Jackson
0.3479
15155
n/a
$ -
Pawn Shop/All The Rave
1/7/22
104 S. Ballard
0.0860
3746
n/a
$475,441.20
FBC Lot
6/15/16
111 S. 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
7/28121
103 S. Ballard
0.0760
3311
n/a
$ 328,792.20
Keefer
10/27/21
401 N. Keefer Or
0.4890
21301
n/a
$ 237,951.39
Parupia
8/19/22
200 W Brown
0.0770
3354
n/a
$ 159,325.57
UP Lot
9/30/22
UP Lot
0.4760
20735
n/a
$ 82,126.92
Brothers JV
2/26/19
306 & 308 N. 2nd Street
0.3770
16422
n/a
$ 145,923.04
Pulliam
2/27/19
300 N. 2nd Street
0.2570
11195
n/a
$ 218,472.20
Swayze
4/18/19
208 N. 2nd Street
0.2580
11238
n/a
$ 187,501.40
Swayze
5/9/19
204 N. 2nd Street
0.2580
11238
n/a
$ 187,658.20
Kreymer
10/9/19
302 N. 2nd Street
0.1290
5619 $ 207,286.00
1,386
$ 187,941.76
City of Wylie
5/14120
ROW Purchase/Alleys
0.6126
26685
n/a
$ 26,684.86 $
3,264,982.74
South Ballard
Birmingham Trust
6/3/15
505 - 607 S. Ballard
1.1190
48744
n/a
$ 409,390.00
Murphy
3/7/19
701 S. Ballard
0.2000
8712
n/a
$ 172,487.04
Marlow
3/31/22
305 S. Ballard
0A865
8125
n/a
$ 186,154.60
Braley
7/22/19
503 S. Ballard
0.2558
11142
n/a
$ 177,397.96 $
945,429.60
Brown & 78
Lot 2
Final Plat 10/24
506 N. St Hwy 78
1,0144
44188
n/a
$ 339,071.64
Cooper Plaza
Lot 3
Final Plat 10/25
504 N. St Hwy 78
0.9072
39518
n/a
$ 303,236.92
(Lot 1 Sold)
Lot 4
Final Plat 10/26
502 N. St Hwy 78
1.6154
70365
n/a
$ 539,937.90
Lot 5
Final Plat 10/27
500 N St Hwy 78
1.8135
78996
n/a
$ 606,166.90
Lot 6
Final Plat 10/28
510 N. St Hwy 78
2.9784
129737
n/a
$ 995,522.25
Lot 7
Final Plat 10/29
514 N. St Hwy 78
1.5540
67692
n/a
$ 519,426.93 $
3,303,362.54
Total
52.6124
$ 387,700.00
5,011
$ 27,000,191.27 $
10,694,151.65
1012112026 Item D.
WYLIEEDC
Meeting Date: October 21, 2026
Prepared By: Jason Greiner
Wylie Economic Development
Item Number: D
Consider and act upon a Performance Agreement between the WEDC and Wylie RD, LLC.
This item will be removed from the Consent Agenda and considered at a later date.
Fol
10121120261tem 1.
WYLIEEDC Wylie Economic Development
Board
AGENDA REPORT
Meeting Date: October 21, 2026 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 2026-2027.
Staff recommends that the WEDC Board of Directors elect officers for the upcoming year.
Section 5.02 of the WEDC Bylaws states:
"The Vice President shall be elected by the Board and shall serve a term of one (1) year. On the expiration of the tern
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. "
Accordingly, each year, after the Wylie City Council selects WEDC Board Members, the WEDC elects officers for the
upcoming year. For your review is ARTICLE V: OFFICERS of the WEDC Bylaws, which provides for the selection.
of officers and their duties.
Election will be needed for the roles of Vice President, Secretary, and Treasurer. *Please note that any two positions
may be held by the same person, except for the offices of President and Secretary.
The 2025-2026 WEDC Board Officers were:
Blake Brininstool................................................................................................ President
Harold Smith...............................................................................................Vice President
MelisaWhitehead............................................................................................... Secretary
(Vacant)..............................................................................................................Treasurer
Demond Dawkins ............................................ Immediate Past President/Board Member
Attachment:
WEDC Bylaws, Article V
10121120261tem 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 fords 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.
32
10121120261tem 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
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.
F3_31
10121120261tem 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
F34]
10121120261tem 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.
F3_51
10121120261tem 2.
WYLIEEDC Wylie Economic Development
Board
AGENDA REPORT
Meeting Date: October 21, 2026 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
2026-2027.
Staff recommends that the WEDC President establish a regular meeting date and time for 2026-2027.
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 are the 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 during the President's term:
November 18, 2026
Board Retreat
December 16, 2026
Board Retreat & Holiday Discussion
* March 1.7, 2027
WISD Spring Break March 15-1.9
October 20, 2027
TEDC Annual Conference (Dallas) Oct 20-22
*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
F36]
10121120261tem 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
F37]
10121120261tem 3.
WYLIEEDC
Meeting Date: October 21, 2026
Wylie Economic Development
Item Number:
Prepared By: Jason Greiner (Staff Use Only)
Consider and act upon a Real Estate Sales Contract between the WEDC and Broadus Services, LLC.
Motion to approve a Real Estate Sales Contract between the WEDC and Broadus Services, LLC/Stable Towers, LLC,
for the sale of Lot4R, 544 Gateway Addition, a 1.183-acre property, and further authorize the WEDC Board President
or his/her designee to execute all documentation necessary to effectuate the transaction.
As the Board is aware, the WEDC began assembling property in 2016 as part of a larger redevelopment project, now
known as the 544 Gateway Addition. This project involved significant environmental remediation, received a Ready to
Reuse Certificate from the EPA, and included removal of dilapidated structures and significant site work and
infrastructure necessary to market lots for development.
The Real Estate Sales Contract between Broadus Services, LLC/Stable Towers, LLC and the WEDC is for the 1.183-
acre Lot 4R at 544 Gateway Addition.
Analysis:
• Lot Size: 1.183 acres or 51,531 square feet
• Sales Price: $65,000
• Feasibility Period: 120 Days
• Closing Date: 30 Days
It is important to note that the majority of Lot 4R consists of a regional stormwater detention area and the only usable
acreage was specifically designed to accommodate a cell tower. The Deed delivered at Closing will include a deed
restriction that after Closing, (i) neither Purchaser nor any future owner of the Property shall remove, block access to, or
modify the Detention Area in a manner that obstructs, prevents, slows, or reduces the flow of stormwater into the
Detention. Area from any other portion of the development, and (ii) the Property shall not be used for any purpose or use
that adversely affects the Detention Area.
Attachment: Final Plat
F38]
10121120261tem 3.
Ot NI. 0 FCOLL §
Dallas Area Rapid Transit RaitwaY
d
RB
T
"ice m h
v .u:
to
o our
0
Y®may
6�0 � �
ss
—
f
�
i ran,.
� ,
•.. N6"5i'�2 PY 26
„ .."
a Lot 61?
t+7 M
2a6n e;
FF
7C�•YJ'"GFr lr`JtUFL'
22.5J
Ro&o Tower
jff
r.
d
BUS]?C99 'Ay
l
W I E rpo t
ft Rd
�U
_ _L _ dabn YeAp�er W r3
_-- i �, ( anoint e & utility Esm't.
(by thFs plot)
}�
qz m Lot Rs FLi Lot 31?
C� 093t �E'I OB 6 cse L 6 ((
400
rt,
j Lot
4,5' Ace&gs, Regional Detention Pond
ue. (4u ,/ew 58 5
» Z I
e .
ua -^
Lot 412 N Itre e 1,51
8 SF
�6 fi 5 ctvty a a 1.183 Acres
t 10} percs e.
J, Vol
4' n
" t
Lot IR Z,
_.i
�I
\, 09 j� 1
� I Lot2R 00
i#
Lj00
sF
. I.
164,617a a ree
t
N 35" i'32" 261.I0" - 1 ....�..,
i--t t
2ZV 22.T
y POINT OF
is
4
WFM 544 (VFf%rby Street)'
8�
OWN
J�%�9t �r�rtf!1��,yAt�tli�llL+lt
Lots IR-5R & 7R, BloekA
Lead 1
9.216Aeres
beinga replAt ofLots 1-5& Lot 7 Bloe&E
of544Cate way Addition
F F.... F
J
o"
6 Colnn7eivial LOPS
Lot2R
i
_ —_
'.
t
$ P NO. 26
City y,
May 2,924
2 2 \ \ t05\nt8635380�v
L n I bI
C T b+-�W
5
a U2 9 (I ) ""
2
Room,IN
9 ....._:.
r
$8s}s�n
sll,,�Te
Br tt
cerU' a nY »n a
_� �2 ]!i(II
)hrb
l utle fe
to .
10121120261tem 4.
WYLIEEDC
Wylie Economic Development
Meeting Date: October 21, 2026 Item Number:
Prepared By: Jason Greiner
I
Consider and act upon a First Amendment to the Performance Agreement between the WEDC and GO 1 Enterprises/Mann
Made.
Motion to approve a First Amendment to the Performance Agreement with GO1 Enterprises, Inc. (dba Mann -Made
Industries) and further authorize the Executive Director to execute any and all necessary documents.
City Council approved a Performance Agreement with Project 2025-8i in the amount of $25,000 on January 13, 2026.
Subsequently, the WEDC approved the same on January 21, 2026, with the project receiving final WEDC approval on
February 18, 2026.
Mann -Made purchased the additional machinery and equipment but experienced unforeseen delays related to equipment
repairs, including issues with the hydraulic pump and oil system. As provided for in the Performance Agreement, Mann -
Made requested a 90-day extension to the completion deadline, which extended its original deadline from August 18,
2026, to November 16, 2026.
Mann -Made is actively working to repair the equipment and troubleshoot solutions to get it fully operational. However,
they are still facing delays in contractor availability to install the extrusion press due to surgery. Staff believes that one
additional extension will give them ample time to get the equipment up and running.
This First Amendment provides an 180-day extension to Section (a)(i) (CO Deadline), modifying the completion deadline
from I I-16-26 to 5-15-27 to allow the company additional time to complete the installation.
Original Anal:
➢ CO Deadline: August 18, 2026
➢ Amended Deadline with 90-Day Extension: November 16, 2026
As Presented:
➢ Amended CO Deadline with 180 Extension: May 15, 2027
1 1012112026 Item 4.
H. Pefformance Requirements for Economic Incentive.
(a) Incentive No. 1: An Economic Incentive of Tiventy-Five Thousand Dollars
($25,000-00) will be paid to Company upon completion of the following Performance
Reqttif enreitIs for Incentive No. 1:
1) Receipt of docimientation by WEDC of a Certificate, of Occupancy for the,
Facility issued by the City of Wyhe or a completion letter from the Civ's Chief
Bziil&ng Official venfydng t1w installation of a neiv eqiu I pment Ime (a
"CertificTte of Occupanc approval of said dociamentation at the sole and
absolute discretion of the WEDC-1 and that the Facility is open and operating
as of August IS 7, 2026, (the "-CO Linea dhne"') -1 and
2) Receipt of documentation by WE DC confirming the total Project cost as
e'videnced by paid invoices supporting the equipment purchase, relocation, and
installation costs-, approval of said documentation .at the sole, and absolute,
discretion of the'%'E,DC-, and
3) Company is current on all ad valorem taxes and other property taxes due on
the Facility- and provide %%Titten notice and evidence of such,, payment, to
WEDC in a fonn satisfactory to WEDC-1 and
4) Employment verification confirming the, number of Full -Time Employees
employed at the Facility, which shall, not be less than Five (5) Full -Time
Employees, approval of said docunremtation at the sole and absolute discretion
of the WEDC-1 and
5) Eligibility expiration for the Company to qtialif� for this Incentive No. I is
August 18, 2026.,
F41]
10121120261tem 4.
FIRST AMENDMENT TO PERFORMANCE AGREEMENT
THIS FIRST AMENDMENT TO PERFORMANCE AGREEMENT (this "First
Amendment"), is entered into and is effective as of the day of October, 2026 (the "Effective
Date") by and among the WYLIE ECONOMIC DEVELOPMENT CORPORATION a Texas
economic development corporation (the "WEDC"), and GOI ENTERPRISES, INC., a Texas
corporation ("Company").
WITNESSETH:
WHEREAS, WEDC Board of Directors and the Company entered into that certain
Performance Agreement dated April 20, 2026 (the "Performance Agreement") to facilitate the
Company's proposed improvements in the form of the purchase and installation of additional
machinery and equipment (the "Project") to its existing building located at 710 :Business Way,
Wylie, Texas (the "Facility") and maintaining at least Five (5) Full -Time Employees at the
Facility. The Project will have an estimated cost of One Hundred Thousand Dollars ($100,000.00);
and
WHEREAS, the parties desire to amend the terms of the Performance Agreement by
extending the CO Deadline timeframe as relates to the Incentive No. 1 Performance Requirements
set forth in the Performance Agreement; and
WHEREAS, WEDC and Company desire to modify and amend the Performance
Agreement in certain respects, as more particularly set forth in this First Amendment.
NOW, THEREFORE, in an effort to address unforeseen delays in the equipment
installation and repair timeline, WEDC and Company agree to amend and modify the Performance
Agreement as follows:
1. Defined Terms. Capitalized terms used but not defined in this First Amendment
will have the meanings given to them in the Performance Agreement.
2. Modification of Section II.(a)1. Notwithstanding anything to the contrary contained
in the Performance Agreement, Section II.(a)1 of the :Performance Agreement is hereby amended
to modify the CO Deadline by deleting the reference to "August 18, 2026" and replacing it with
"May 15, 2027." This modification also removes The Company's ability or right to another ninety
(90) day extension.
3. Ratification. Except as expressly amended herein, the Performance Agreement
remains unchanged, and is a valid and binding obligation of WEDC and the Company.
4. Counterparts; Transmission. This First Amendment may be executed in multiple
counterparts, each of which shall be deemed an original, and all of which shall constitute one and
the same agreement. Transmission of an executed signature page of this First Amendment by email
will be effective to create a binding agreement.
First Amendment to Performance Agreement — GO] ENTERPRISES, INC. — Page 1
F42]
10121120261tem 4.
[SIGNATURE PAGE FOLLOWS]
First Amendment to Performance Agreement — GO] ENTERPRISES, INC. — Page 2
43
1 1012112026 Item 4.
IN WITNESS WHEREOF, the parties hereto have executed this First Amendment to be
effective as of the Effective Date.
Wylie Economic Development Corporation
By:
Name:
Title:
COMPANY:
GOI ENTERPRISES, INC., a Texas corporation
By:
Name:
Title:
First Amendment to Performance Agreement — GO] ENTERPRISES, INC. — Page 3
F44]
10121120261tem 5.
WYLIEEDC Wylie Economic Development
Board
AGENDA REPORT
Meeting Date: October 21, 2026 Item Number: 5
Prepared By: Jason Greiner
Consider and act upon a Performance Agreement between WEDC and Costco Wholesale Corporation.
Motion to approve a Performance Agreement between WEDC and Costco Wholesale Corporation providing for a
maximum infrastructure reimbursement incentive of $9,500,000 and further authorizing the WEDC Board President or
his/her designee to execute said Agreement.
As the Board will recall, WEDC staff initially presented Project 2022-10d back in December of 2022. After further
analysis and Board direction, staff took the project to City Council in January 2023. WEDC has worked to assemble
approximately 25.5 acres at the northwest corner of PM 544 and South Westgate Way to facilitate a significant
commercial development opportunity. These efforts have included acquiring multiple properties, coordinating
development requirements, and negotiating with Costco Wholesale Corporation. In accordance with Resolution. No.
2019-17(R), the Wylie City Council authorized the WEDC to formalize negotiations with Costco Wholesale Corporation
and enter into a Performance Agreement with the same.
Costco plans to construct an approximately 165,000-square-foot wholesale retail facility and associated motor vehicle
fueling station at 2002 W. FM 544. The proposed development will support additional retail activity within the
community and is anticipated to generate substantial new taxable value and sales tax revenue for the City of Wylie.
Costco has requested financial assistance from WEDC specifically related to the construction of public infrastructure and
site improvements necessary to support the proposed development. These improvements will be identified in the
Qualified Infrastructure exhibit attached to the Performance Agreement.
The Agreement outlines a maximum $9,500,000 infrastructure reimbursement incentive, with the Performance Measures
identified as follows:
Incentive No. 1: $633 333.33
➢ Proof of Certificate of Occupancy (CO) within 18 months of the Effective Date.
➢ Documentation that at least $9,500,000 in Qualified Infrastructure improvements have been completed and
accepted by the City of Wylie.
➢ Proof that all applicable construction and development fees have been paid.
➢ Proof that the Company is current on all ad valorem taxes associated with the property.
F45]
10121120261tem 5.
Incentives No. 2-15: $633,333.33/ e
➢ Proof of continuous ownership of the property through each applicable anniversary of the Facility Completion
Date.
➢ Proof that the Company is current on all ad valorem taxes associated with the property.
➢ Fourteen annual reimbursement payments, subject to satisfaction of the Performance Criteria outlined in the
Agreement.
Economic Impact Analysis (EIA): The estimated valuation for this project is roughly $200/SF or $33MM. With the
WEDC's Infrastructure Reimbursement of $9,500,000, this project will generate an estimated $24.4MM in overall tax
revenue, for the City of Wylie over the next 10 years. For every $1 that the WEDC invests, this company is investing $2.56
in our community. All of our financial assistance goes toward infrastructure, and we are investing sales tax revenue to
eliminate the City's future need to fund TxDOT improvements or the signal at FM 544 & Sanden Blvd using property tax
revenue.
Additional estimates of tax revenue generated include: $951k for Collin County, $6.6MM for Wylie ISD, and $481k for
Collin College over the next 10 years. Using the adjusted $32.4MM in estimated tax revenue, for every $1 the WEDC
invests, this developer is investing $3.41 in our community, and our investment would be repaid in 3.7 years.
F46]
1012112026Item DS1.
WYLIEEDC
Meeting Date: October 21, 2026
Prepared By: Jason Greiner
Discussion regarding architectural services at Cooper Plaza.
No action is requested by staff for this item.
Wylie Economic Development
Item Number: DS1
Within the 2026 Goals & Objectives, the WEDC Board identified the need to update the concept plans and market/sell
lots at Cooper Plaza. As such, staff solicited qualifications and proposals from select architectural firms to provide
concept -level architectural and site planning services for Cooper Plaza. WEDC approved the engagement of architectural
design services with Killian Studio of Architecture on 7-15-26. Staff met with KSA to discuss the project overview on 7-
30-26 and reviewed initial design ideas on 8-12-26 and 9-9-26.
The project is currently in Phase I - Concept Design:
AR HlTT.- TtPRAL 5E rT R,, h;a . S.T ,.: r cc, S5,
Concept Design __ PHASE I
Cade Studies
_ IBC / ADA % tFCC / City Arnend)ments
Site Analys s-revt'ew avaidabie data
_ Coordinate with project: Civil Engineer I Surveyor_ as required
Programming
_ Design and Coord'nation Meetings
City / EDC / Consultants
Site Plan Studies
w Floor Plan Studies
Exterior Elevation Studies
Conceptual Exterior Material Studies
Presentation Collateral
Floor Flans
Eteva tfo:rfs
(2) Cotor Primary Elevations
Conceptual Interior Test Fits
Preliminary Girder-Of-Margndfude Development Budget for Each Concept Option
(I) 3DMonochromatic Modei
Addtfrortai 3D Modetrng and renderings are not tnciuded to the scope - can a be provided via add
service propo at upon request and opprovd of the Owner.
'Ste phan and details +a be provided by civil engineer and Landscape architect
Staff will lead the Discussion regarding architectural services at Cooper Plaza.
1012112026 It DS2.
W "Y' L I E E D C Wylie Economic Development
Board
AGENDA REPORT
Meeting Date: October 21, 2026 Item Number: DS2
Prepared By: Jason Greiner
Discussion regarding WEDC Board Retreat, Work Session, and Committee Appointments.
Staff will lead the discussion regarding WEDC Board Retreat, Work Session, and Committee Appointments. Committee
Appointments will be considered at the November WEDC Board Meeting.
Committees
In accordance with the Bylaws, the President has the authority to appoint various standing committees of the Board.
These committees may include:
Budget, Finance and Audit Committee: This committee is responsible for working with the Director on
creating the annual budget. Once approved by the Board, they present it to the City Council as required by our
Bylaws. The committee also oversees audits of the Board, whether conducted by the City or external auditors.
This Committee is currently active, with Demond Dawkins and Melisa Whitehead serving as members.
2. Committee for Business Retention and Expansion: This committee works closely with the Director of
Economic Development to keep the Board informed about business retention and expansion activities. This
Committee is currently active, with Harold Smith and Melisa Whitehead serving as members.
3. Committee for New Business Attraction and Recruitment: This committee collaborates with the Director of
Economic Development to provide updates on business attraction and recruitment activities. This Committee is
currently active, with Blake Brininstool serving as a member and one seat open.
Special Committees
The President may establish other committees as needed to assist the Board. These committees, subject to Board approval,
will have specific tasks. However, they do not have authority in certain critical matters, such as changing Bylaws,
appointing or removing Directors or Officers, or making significant decisions about the Corporation's assets.
Active Special Committee:
• Strategic Planning Committee, with Demond Dawkins, Blake Brininstool, and Harold Smith serving as
members.
• Staffing and Compensation Committee, with Harold Smith and Melisa Whitehead serving as members.
1012112026 It DS2.
Committee Member Terms
Each committee member serves until the next Board appointment and until a successor is named. With Board approval,
the President may remove a committee member when it benefits the Corporation.
Attachment: WEDC Bylaws, Section 6
F49]
1 1012112026 Item DS2.
or governmental entity to perform and discharge designated tasks which will aid or assist the Board in the
perfon-nance 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.
Sym-
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
tern -is provides that it shall not be amended, altered, or repealed by such committee.
Fol
1 1012112026 Item DS2.
The designation and appointment of any such committee and delegation to that committee of
authority shall not operate to relieve the Board of Directors, or any individual Director, of any
responsibility imposed on it or on him/her by law or these Bylaws.
6.04 Tenn of Committee Members
Each member of a committee shall continue as such until the next appointment of the Board of
Directors and until his/her successor on the committee is appointed, unless the committee shall be sooner
terminated or unless such member has ceased to serve on the Board of Directors, or unless such member
be removed from such committee.
Any committee member may be removed from committee membership by the President, with
Board approval, whenever in their judgment the best interests of the Corporation would be served by such
removal.
6.05 Vacancies on Committees
Vacancies in the membership of any committee may be filled in the same manner as provided
with regard to the original appointments to that committee.
6.6 Ex-Officio Members
The City Manager or his/her designee and the Mayor or his/her designee may attend all meetings
of the Board of Directors or Committees. These representatives shall not have the power to vote in the
meetings they attend. Their attendance shall be for the purpose of ensuring that information about the
meeting is accurately communicated to the City Council and to satisfy the City Council obligation to
control the powers of the Corporation.
ARTICLE VII
UU-1-0-41-4-XILL UIS-Y-V-4
The Corporation may contract with the City for financial and accounting services. The Corporation's
financing and accounting records shall be maintained according to the following guidelines:
7.01 Fiscal Year
The fiscal year of Corporation shall begin on October I and end on September 30 of the
following year.
A budget for the forthcoming fiscal year shall be submitted to, and approved by, the Board of
Directors and the City Council of the City of Wylie. In submitting the budget to the City Council, the
Board of Directors shall submit the budget on forms prescribed by the City Manager and in accordance
with the annual budget preparation schedule as set forth by the City Manager. The budget shall be
submitted to the City Manager for inclusion in the annual budget presentation to the City Council.
7.03 Contracts
As provided in Article V above, the President and Secretary shall execute any contracts or other
1012112026 It DS3.
W "Y' L I E E D C Wylie Economic Development
Board
AGENDA REPORT
Meeting Date: October 21, 2026 Item Number: DS3
Prepared By: Jason Greiner
Discussion regarding the WEDC Budget.
Staff will lead the discussion regarding the WEDC Budget.
1012112026 It DS4.
W "Y' L I E E D C Wylie Economic Development
Board
STAFF REPORT
Date: October 21, 2026 Item Number:
Prepared By: Jason Greiner
10IM,
Staff report: WEDC Property Update, Temporary Access Agreements, Downtown Parking, Engineering Report,
Upcoming Events, and WEDC Activities/Programs.
WEDC Property and Performance Agreement Updates:
Recently Sold or Pending Real Estate Agreements
• 544 Gateway/Lot 5: Lanspring Investments, LLC — Sold: 9-23-25. Construction began in Apr/May, terminating
the option to repurchase. Anticipated completion: Early 2027.
• 25.473 acres NW Corner FM 544 & South Westgate Way: Casten Wholesale Corporation — WEDC Board
ratification on 9-9-26; Closing TBD.
Performance Agreements
• Helm Dental Laboratory Performance Agreement — Equipment has been installed; compliance verification was
complete and check has been delivered.
• GO Enterprises, Inc. Performance Agreement — 90-day extension requested. Original CO date 8-18-26; new CO
date 11-16-26. First Amendment to Performance Agreement to be considered by WEDC Board on 1.0-21-26.
Tower Extrusion — Building expansion is complete and the new equipment line has been installed; compliance
verification is in process for final staff review.
Engineering Report:
Current Goals & Objectives
Active & Moving / / Inactive but Invested or Planning
Design &, Engineering - Cooper Plaza - State Hwy 78 &Brown
• The Board approved engaging architectural design services with Killian Studio of Architecture on 7-15-26.
• KSA presented design concepts to the WEDC Board on 8-19-26 and 9-9-26. Based on that feedback, KSA is
working on additional modifications to the design.
SI 78 Sidewalks
KH resubmitted construction plans to TxDOT and to City, waiting on TxDOT review.
Downtown larking / Jackson Ave Parking and Siriping.
• KH resubmitted construction plans to City and have one remaining comment before approval.
• WEDC coordinating letter of permission from Linke's BBQ for infrastructure improvements.
WEDC/KH ongoing franchise utility relocation coordination.
1012112026 It DS4.
Lot 3 Perking Lot —'S44 Gateway Addition
• KH received the 2nd round of construction plan City comments.
• WEDC coordinating letter of penmission from Walk-Ons for grading.
• KH to revise plans and resubmit to the City once letter of permission is received.
Sanden Boulevard Widening
• KH coordinating with Atmos, AT&T, and CPKC Railroad.
• KH finalizing preliminary roll plot design to review with City and WEDC to get buyoff and move towards
production of construction plans.
• KH finalized IPO and sent to WEDC.
• Original project improvements have been completed and accepted.
• McMahon completed construction of the erosion control improvements.
• WEDC coordinating with McMahon on issues with erosion control improvements.
• WEDC has received the maintenance bonds.
• KH finalizing as-builts.
Water & Sewer Extension - State Hwy 78/Aianis (KH)
• All bids were submitted and KH compiled bids and sent to WEDC.
• KH checked references and provided a recommend 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 shutdown for tie-in.
Additional Initiatives Identified
Active Moving Inactive but Invested or Planning
Shadow Creek Development
• Staff/WEDC contractors continue to assist with franchise utility relocation coordination for the development.
• KH preparing IPO.
BRE & Workforce Updates:
• One BRE meeting was conducted in September.
• Ongoing discussions with major employers to obtain updated employment counts.
• Outreach to businesses for MFG Day Student Tour participation. 13 confirmed.
• Outreach to all manufacturers for the MFG Day Reception & Proclamation.
• Met with one business regarding their Performance Agreement (HS, RH, CS).
• Attended 2.5-day IEDC Training Course — BRE
• Attended MFG Day Meetings with Wylie ISD CTE.
Additional WEDC Activities/Programs in Review:
• Ongoing efforts toward social media, Discover Wylie, and Social Media Rescue for local businesses.
• Granicus/Simpleview website designs are moving forward for Discover Wylie and Historic Downtown Wylie.
• Ongoing meetings and discussions with real estate developers, contractors, and property owners continue.
• Attended the monthly WDMA meeting and Mayor's Breakfast. (HS, MW, JG, RH)
• Staff attended/participated in monthly P&Z/CC Meetings. UG, RH)
1012112026 It DS4.
• Ongoing meetings for the Wylie Entrepreneur Expo. This year's keynote speaker is Brandon Hurtado of Hurtado
BBQ. (JG, RH, CS, VS)
• Staff attended the Texas Notary Law Update Webinar (RH, CS, VS)
• Staff attended the Wylie Area Chamber of Commerce Annual State of Education Luncheon (RH, CS, VS)
• Staff hosted a Manufacturing Reception before City Council Proclamation (JG, RH, CS, VS)
• Sales tax revenues for October are up 9.64% and up 6.90% for the year
Upcoming Events:
• 31It Annual North Texas CCIM Sporting Clays Tournament — October 23
• Hope Under the Stars — October 24
• NTMWD Water Matters Luncheon — October 29
• Entrepreneur Expo — November 5
• Wylie Chamber Breakfast featuring Wylie Community Christian Care Center — November 17
• Wylie Area Chamber Elfin Gala —December 10
Please see the attached Marketing Calendar for the full list of upcoming events.
WYLIEECONOMIC 1 10/21/2026 It DS4.
DEVELOPMENT
Day Time Meeting/Event
1 8:00-9:30 am WDMA Meeting - Mavor's Breakfast
1-3
IEDC Business Retention & Expansion Course - Virtual — cs
3
8
8-10
4:30-7:30 pm
CLOSED..
6:00 pm
M&D Grand Opening/Ribbon Cutting
Labor day
City Council
CSEF Conference - Kansas City, MO — bp,ro
10
8:30- 9:00 am
Leadership Wylie XXIII Opening Retreat
17
5:01-7:00 pm
5:01 PM Professional Mixer — Walk On's
22
11:30-1:00 pm
Annual State of Education Chamber Luncheon
22
5:30 pm
MFG Day Reception/Proclamation at City Council Meeting
22
6:00 pm
City Council
1 9:30 am Manufacturing Day Kickoff & Tours
6 8:30-9:30 am WDMA Meeting - cs
7 MFG Day —Pharmaceutical Tours
7-9 TEDC Annual Conference Houston, TX — ig
8 8:30-10:30 am Leadership Wylie — Nonprofits
13 6:00 pm City Council
15 Collin County State of the Market — BISNOW — ig, rh
15 5:01-7:00 pm 5:01 PM Professional Mixer —The Brass Tap
18-21 1AMC Fall Forum — Columbus, OH
19 5:00-6:30 pm Richard Parker Junior High Dedication Ceremony— hs, ig, rh
20 MFG Day — Anatomy of a Construction Project
21 8:30-1:00 pm Collin Leadership Policy Summit
23 31s' Annual North Texas CCIM Soortina Clays Tournament —
24 5:45 pm Hope Under the Stars *RSVP Needed
25-28 IEDC Annual Conference — New Orleans
28 5:00 pm Hampton Intermediate School Dedication — hs, ig, rh
27 6:00 pm City Council
29 11:30 am NTMWD Water Matters Luncheon *RSVP Needed
Day Time Meeting/Event
1-4 Texas Downtown Conference —Amarillo
3 8:30 am WDMA Meeting
5 11:00-5:00 pm Wylie Entrepreneur Expo
5 5:01-7:00 pm 5:01 PM Professional Mixer —Landon Winery
10 6:00 pm City Council
11 CLOSED Veterans Dav - City Hohdav
12 Leadership Wylie — County/Medical Day
17 8:30 am Wylie Chamber Breakfast: Wylie Community Christian Care Center *RSVP Needed
18 7:30 am WEDC- Board Meeting
19 Hiring Red, White and YOU! Career fair - Allen
7mm 8 CLOSED Than lc i _&H. f id
F5-61
1012112026 Item DS4.
Registered TDLR Projects
July -September
2026
Proiect #
Proiect Name
Registered
Status
Facility Name
City
County
Work Type
Cost
TABS2027002133
HTPN Flower Mound FMC
9/28/2026
Project
Wylie West
Wylie
Collin
Renovation/A
$480,287
Registered
Iteration
TABS2027001829
Walmart 6078, Wylie TX
9/24/2026
Review
Walmart 6078
Wylie
Collin
Renovation/A
Complete
Iteration
$2 036,369
TABS2027001230
ROSI NI NAIL BAR
9/16/2026
Project
ALBERT RETAIL SHELL BLDG
Wylie
Collin
Renovation/A
Registered
LOT 2
Iteration
$150,000
TABS2027000582
Costco Wylie, TX - Fuel Center
9/9/2026
Project
Costco
Wylie
Collin
New
$2,076,020
Registered
Construction
TABS2027000580
Costco Wylie, TX
9/9/2026
Project
Costco
Wylie
Collin
New
$40,186,744
Registered
Construction
TA5S202602731,_1.
Wylie Executive Suite
8/7/2026
Review
Wylie Executive Suites
Wylie
Collin
Renovation/A
Complete
Iteration
$75,000
TABS2026026390
Regency Warehouses
7/28/2026
Project
Warehouses
Wylie
Collin
New
$1,400,000
Registered
Construction
TABS2026026362
Shake Shack 1846 Wylie
7/28/2026
Review
Shake Shack 1846 Wylie
Wylie
Collin
New
$1,302,000
Complete
Construction
TABS2026026360
NTMWD — Wylie Service Center
7/28/2026
Review
NTMWD — Wylie Service
Wylie
Collin
Renovation/A
$5,390,729
Complete
Center
Iteration
TABS2026026077
Woodbridge Crossing Lot 1 R
7/24/2026
Project
Woodbridge Crossing Lot 1 R
Wylie
Collin
New
Registered
Construction
$2,700,000
TABS2026025622
Avalon Music School
7/20/2026
Project
Avalon Music School
Wylie
Collin
Renovation/A
Registered
Iteration
$68,520
1012112026 Item DS4.
11 IN tFill 110
ing, IS ME
g""A
FSPE7AK 11HII'l LOUD] , � G R 0 U P
Marketing & Advertising Experts
1 1012112026 Item DS4.
DINEtiHuPPLAY
fi i
in I
�l fia
.moressions
1687310
49442
1012112026 Item DS4.
Fall 2026 Completed
8 Total Attendees
Newest Updates:
Single Day Sprint 10am - 4pm
Update Teachings more Al, Platforms and Creation
1012112026 Item DS4.
SMR Fall 2026
G ri nch 2026
Al •AdsClass Early
• Spring
1012112026 Item DS4.
M
FolloWerS
I5
Impressions
Discover Wylie
r _oHowers
267360
ff M176 =-it i
3107110
H'1,11,11,1,11"s t D w t o w v, e111, ori c onnWI
Mil 11 11 11=6
47347
M
Impressions
141,500
1012112026 Item DS4.
Offl T4 Campaign tl-
On
* WEE WOil l,mmch
Npve'r,affic Campaign
M
Swift Event
Historic Downtown Page Growth
WDMA Account 3 Events
WEE Launch and Tickets
WEE Retarget
Delivery -U
Actions Attribution
Results 4, -
Cost per '4
Budget T4
Amount
setting
result
spent
• Active
(0 3 7-day click or,
8,974
$rr 14
Usirg ad set Inv—
$1,419,60
Ad-fw— .,„
"NA,
P1, L11, CV�#
Completed
7-day click or-
AN
i45-p
C, Q"
$0-27
P" F"N'l—w 'k"
Using ad set bu
$493-61
• Active
62 .--d.d— 7-day click or
1,485
$0.18
B sl'arlw
$271,74
h, hd,
P" Lmk Cl"k
D"ff'