11-10-2026 (City Council) Agenda PacketCALL TO ORDER
INVOCATION & PLEDGE OF ALLEGIANCE (U.S. AND TEXAS FLAGS)
PRESENTATIONS & RECOGNITIONS
PRI . Shining the Wylie Way Student - Term 1.
PR2. National Hunger and Homeless Awareness Week.
COMMENTS ON NON -AGENDA ITEMS
Any member of the public may address Council 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. Council requests that comments be limited to three minutes for an
individual, six minutes for a group. In addition, Council 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 City Council 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 the October 27, 2026 Regular City Council Meeting minutes.
B. Consider, and act upon, Ordinance No. 2026-47 amending Ordinance No. 2026-40, which established the
fiscal year 2026-2027 budget, providing for repealing, savings, and severability clauses, and the effective
date of this ordinance.
C. Consider, and act upon, approving the Debt Management Policy.
Q. Consider, and act upon, approving the Financial Management Policies.
E. Consider, and act upon, Resolution No. 2026-24(R) approving the current Investment Policy as required by
the Texas Government Code, Chapter 2256, Public Funds Investment Act, Subchapter A - Authorized
Investments for Governmental Entities.
F. Consider, and act upon, an Interlocal Agreement with Collin County, Texas for Jail Services, and authorizing
the Interim City Manager to execute any necessary documents.
G. Consider, and act upon, the approval of an Interlocal Agreement between the Texas Department of Public
Safety and the City of Wylie, Texas, authorizing the Interim City Manager or designee, to sign any and all
documents.
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K Consider, and act upon, the approval for the purchase of four (4) vehicles for the Police Department in an
estimated amount of $194,100 through a cooperative purchasing agreement and authorizing the Interim City
Manager to execute any and all necessary documents.
1. Consider, and act upon, approval of an agreement with Vertosoft, LLC, for the procurement and
implementation of OpenGov Enterprise Asset Management Software, including Asset Management,
Facilities, Parks & Recreation, Signals, Stormwater, Transportation, Walkability, Wastewater Collection,
Water Distribution, and 811 Integration modules. The initial contract term is $179,831.98, with annual
subscription increases of 5% over the subsequent contract years, and authorization for the Interim City
Manager to execute all necessary documents.
J. Consider, and act upon, a Preliminary Plat of Lots 1-8, Block A of the Wylie Hooper Addition, creating seven
commercial lots and one open space lot on 15.485 acres generally located at the southwest corner of FM 544
and Hooper Road.
K. Consider, and act upon, a Final Plat of Compton Addition establishing one residential lot on 3.189 acres,
located at 1201 E. Stone Road and 720 S. W.A. Allen Boulevard.
L. Consider, and act upon, a Final Plat being a Replat of Lots 7 and 8 of Wylie Ranch East Commercial Park,
First Revision, to create Lot 8R, Block A of Wylie Ranch East Commercial Park, Second Revision, on 2.228
acres, property located at 2207 and 2209 N. State Highway 78.
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.
ES 1. Consider the sale or acquisition of property located at FM 544/Sanden.
Sec. 551.074. PERSONNEL MATTERS; CLOSED MEETING.
(a) This chapter does not require a governmental body to conduct an open meeting:
(1) to deliberate the appointment, employment, evaluation, reassignment, duties, discipline, or dismissal of a public
officer or employee; or
(2) to hear a complaint or charge against an officer or employee.
(b) Subsection (a) does not apply if the officer or employee who is the subject of the deliberation or hearing requests
a public hearing.
ES2. Discuss the employment/appointment of the Associate Municipal Court Judge.
ES3. City Manager.
RECONVENE INTO OPEN SESSION
Take any action as a result from Executive Session.
READING OF ORDINANCES
Title and caption approved by Council as required by Wylie City Charter, Article III, Section 13-D.
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CERTIFICATION
I certify that this Notice of Meeting was posted on November 4, 2026 at 5:00 p.m. on the outside bulletin board at
Wylie City Hall, 300 Country Club Road, Building 100, Wylie, Texas, a place convenient and readily accessible to
the public at all times.
Stephanie Storm, City Secretary Date Notice Removed
The Wylie Municipal Complex is wheelchair accessible. Sign interpretation or other special assistance for disabled
attendees must be requested 48 hours in advance by contacting the City Secretary's Office at 972.516.6020. Hearing
impaired devices are available from the City Secretary prior to each meeting.
If during the course of the meeting covered by this notice, the City Council should determine that a closed or
executive meeting or session of the City Council 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 City Council at the date,
hour and place given in this notice as the City Council 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_074 — Discussing personnel or to hear complaints against personnel.
§ 551.087 — Discussing certain economic development matters.
§ 551.073 — Discussing prospective gift or donation to the City.
§ 551.076 — Discussing deployment of security personnel or devices or security audit.
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1111012026 it,, A.
Department
Prepared By:
City Secretary
Stephanie Storm
Account Code:
Wylie City Council
I and act upon, approval of the October 27, 2026 Regular City Council Meeting minutes.
to approve the Item as presented.
minutes are attached for your consideration.
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Wylie City Council Regular Meeting Minutes
October 27, 2026 — 6:00 PM
Council Chambers - 300 Country Club Road, Building #100, Wylie, Texas 75098
CALL TO ORDER
VAI
f'N
CITY OF
WYLIE
Mayor Matthew Porter called the regular meeting to order at 6:02 p.m. The following City Council members were
present: Councilman David R. Duke, Councilman Dave Strang (6:54 p.m.), Councilman Todd Pickens, Councilman
Scott Williams, and Mayor Pro Tem Gino Mulliqi. Councilman Sid Hoover was absent.
Staff present included: Interim City Manager Renae 011ie; Assistant City Manager Lety Yanez; Fire Chief Brandon
Blythe; Finance Director Melissa Brown; Digital Media Specialist Kristina Kelly; City Secretary Stephanie Storm;
Assistant Police Chief Tommy Walters; Parks and Recreation Director Carmen Powlen; Municipal Court
Administrator Lisa Mangham; Community Services Director Jasen Haskins; Public Works Director Tommy Weir;
Wylie Economic Development Corporation Executive Director Jason Greiner; City Attorney Richard Abernathy;
and various support staff.
INVOCATION & PLEDGE OF ALLEGIANCE (U.S. AND TEXAS FLAGS)
Mayor Matthew Porter led the Invocation, and Councilman Williams led the Pledge of Allegiance.
PRl. Shining the Wylie Way Students - Term 1.
Mayor Porter, WISD Superintendent Dr. Kim Spicer, and WISD Board Member Stacie Smith presented a medallion
to a student who demonstrated "Shining the Wylie Way." Every nine weeks, one student from each WISD campus
is chosen as the "Wylie Way Student."
PR2. NTMWD's 75th Anniversary.
Marvin Fuller and Keith Stephens, representing the North Texas Municipal Water District (NTMWD) Board of
Directors, gave a brief presentation and showed a video commemorating the 75th anniversary, celebrating the spirit
of cooperation and unity that helps shape the legacy, and presenting Mayor Porter with a water -drop sculpture.
PR3. Texas Arbor Day.
Mayor Porter proclaimed November 6, 2026, as Arbor Day in Wylie, Texas. Carmen Powlen, Parks and Recreation
Director, accepted the proclamation.
PR4. Municipal Court Week.
Councilman Strang took his seat at the dais at 6:54 p.m.
Mayor Porter presented a proclamation proclaiming November 2-6, 2026, as Municipal Court Week. Municipal
Court staff accepted the proclamation.
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1111012026 it,, A.
COMMENTS ON NON -AGENDA ITEMS
Any member of the public may address Council 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. Council requests that comments be limited to three minutes for an
individual, six minutes for a group. In addition, Council is not allowed to converse, deliberate, or take action on any matter
presented during citizen participation.
No persons were present wishing to address the Council.
CONSENT AGENDA
All matters listed under the Consent Agenda are considered to be routine by the City Council 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 ConsentAgenda
and will be considered separately.
A. Consider, and act upon, approval of the October 13, 2026 Regular City Council Meeting minutes.
B. Consider, and act upon, an agreement authorizing the appointment of Art Maldonado as Presiding
Municipal Court Judge for the City of Wylie effective November 1, 2026, setting terms and stipend of
service.
C. Consider, and act upon, an agreement authorizing the appointment of Ashley McSwain as Associate
Municipal Court Judge for the City of Wylie effective November 1, 2026, setting terms and stipend of
service.
D. Consider, and place on file, the monthly Revenue and Expenditure Report for the Wylie Economic
Development Corporation as of August 31, 2026.
E. Consider, and place on file, the monthly Revenue and Expenditure Report for the Wylie Economic
Development Corporation as of September 30, 2026.
F. Consider, and place on file, the City of Wylie Monthly Investment Report for September 30, 2026.
G. Consider, and place on file, the City of Wylie Monthly Revenue and Expenditure Report for September
30, 2026.
H. Consider, and act upon, the approval of Amendment No. 1 in the estimated amount of $81,200.00
authorizing the Interim City Manager to execute Amendment No. 1 to the professional services
agreement with Kimley-Horn for the FM 544 Street Lighting and Signal Improvements project,
including traffic signal design improvements along SH 78 from Alanis Drive to Wylie East Drive.
I. Consider, and act upon, approval of the purchase of one (1) Frazer Type I 1.4' XT Ambulance Module
from Frazer, LTD through the Houston -Galveston Area Council (HGAC) cooperative purchasing
contract in a base amount of $384,244.79, establishing a total project budget of $402,000.00 (inclusive
of a contingency for potential change orders), and authorizing the Interim City Manager to execute all
necessary documents.
J. Consider, and act upon, the approval to purchase MSA Gl Airpacks and associated safety systems
equipment from CASCO Industries, LTD, through a Buyboard cooperative purchasing contract in
the estimated amount of $914,099.79, and authorize the Interim City Manager to execute all necessary
documents.
K. Consider, and act upon, approval of an agreement with Fuquay, Inc. for repairs and rehabilitation of
Phase II of 1,195 feet of the 24-inch sewer main, through a Buyboard cooperative purchasing contract
in the estimated amount of $435,035.00, and authorize the Interim City Manager to execute all
necessary documents.
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1111012026 it,, A.
L. Consider, and act upon, Ordinance No. 2026-44 for a change in zoning from Planned Development -
Commercial Corridor District (PD-CC) to Planned Development - Commercial Corridor (PD-CC) to
allow for an additional drive -through restaurant and a health club on 10.485 acres generally located
on the southeast corner of State Highway 78 and Kreymer Lane (ZC 2026-12).
M. Consider, and act upon, Ordinance No. 2026-45 for a change in zoning from Planned Development
Single -Family District (PD/SF) to Planned Development Single -Family (PD/SF) to remove references,
rights and obligations with respect to the Stonehaven House. Property generally located at the
northwest corner of Ballard Avenue and Alanis Drive (ZC 2026-13).
N. Consider, and act upon, Ordinance No. 2026-46 releasing a portion of the City of Wylie's
Extraterritorial Jurisdiction, consisting of one tract of land totaling 4.95 acres located at 1945 E. FM
544.
O. Consider, and act upon, Resolution No. 2026-23(R), ratifying Lety Yanez as Acting City Manager in
the absence of Rena6 011ie, Interim City Manager.
Staff requested that Item C be pulled from the Consent Agenda and considered individually.
Council Action
A motion was made by Mayor Pro Tem Mulliqi, seconded by Councilman Duke, to approve Consent Agenda Items
A, B, D-O as presented. A vote was taken, and the motion passed 6-0, with Councilman Hoover absent.
EXECUTIVE SESSION
Mayor Porter convened the Council into Executive Session at 7:04 p.m.
Sec. 551.071. CONSULTATION WITH ATTORNEY; CLOSED MEETING.
A governmental body may not conduct a private consultation with its attorney except:
(1) when the governmental body seeks the advice of its attorney about:
(A) pending or contemplated litigation; or
(B) a settlement offer; or
(2) on a matter in which the duty of the attorney to the governmental body under the Texas Disciplinary Rules of
Professional Conduct of the State Bar of Texas clearly conflicts with this chapter.
ES1. Consider and receive legal advice from the City Attorney regarding Trinity Valley Ranch, LLC v. City
of Wylie, in Cause No. 493-02900, pending in the 493rd District Court in Collin County, Texas.
RECONVENE INTO OPEN SESSION
Take any action as a result from Executive Session.
Mayor Porter convened the Council into Open Session at 8:16 p.m.
REGULAR AGENDA
C. Consider, and act upon, an agreement authorizing the appointment of Ashley McSwain as Associate
Municipal Court Judge for the City of Wylie effective November 1, 2026, setting terms and stipend of
service.
Council Comments
Mayor Porter stated that the contract in the agenda packet was updated, and the updated version was shared with
the Council for consideration.
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Council Action
A motion was made by Councilman Williams, seconded by Councilman Duke, to approve Item C with revisions.
A vote was taken, and the motion passed 6-0, with Councilman Hoover absent.
1. Consider, and act upon, the approval of a Cross Access Easement and Use Restriction Agreement
between the City of Wylie, Texas, and Costco Wholesale Corporation, and authorize the Mayor to
execute the agreement.
Staff Comments
WEDC Executive Director Greiner addressed the Council, stating that the Cross Access Easement and Use
Restriction Agreement in the agenda packet was revised, and an updated version was shared with the Council for
consideration. Greiner answered questions from the Council.
Council Action
A motion was made by Councilman Strang, seconded by Councilman Duke, to approve Item I with revisions. A
vote was taken, and the motion passed 6-0, with Councilman Hoover absent.
EXECUTIVE SESSION
Mayor Porter convened the Council into Executive Session at 8:23 p.m.
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.
ES2. Consider the sale or acquisition of properties located at Ballard/Brown, Brown/Eubanks, FM
544/Cooper, FM 544/Sanden, FM 1378/Brown, FM 1378/Park, Jackson/Oak, Regency/Steel, State
Hwy 78/Alanis, State Hwy 78/Brown, and State Hwy 78/Skyview.
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).
ES3. 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, 2024-8d, 2024-12c, 2025-
la, 2025-10f, 2026-3e, and 2026-5j.
Sec. 551.074. PERSONNEL MATTERS; CLOSED MEETING.
(a) This chapter does not require a governmental body to conduct an open meeting:
(1) to deliberate the appointment, employment, evaluation, reassignment, duties, discipline, or dismissal of a public
officer or employee; or
(2) to hear a complaint or charge against an officer or employee.
(b) Subsection (a) does not apply if the officer or employee who is the subject of the deliberation or hearing requests
a public hearing.
ES4. City Manager Contract.
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1111012026 it,, A.
RECONVENE INTO OPEN SESSION
Take any action as a result from Executive Session.
Mayor Porter convened the Council into Open Session at 11:52 p.m.
Council Action
A motion was made by Mayor Pro Tent Mulliqi, seconded by Councilman Strang, to reaffirm Renae 011ie as Interim
City Manager and appoint her as the future City Manager beginning January 5, 2027, and authorizing the Mayor to
sign the contract from legal. A vote was taken, and the motion passed 6-0, with Councilman Hoover absent.
READING OF ORDINANCES
Title and caption approved by Council as required by Wylie City Charter, Article III, Section 13-1).
City Secretary Storm read the captions of Ordinance Nos. 2026-44, 2026-45, and 2026-46 into the official record.
ADJOURNMENT
A motion was made by Mayor Pro Tent Mulliqi, seconded by Councilman Pickens, to adjourn the meeting at 11:56
p.m. A vote was taken, and the motion passed 6-0, with Councilman Hoover absent.
Matthew Porter, Mayor
ATTEST:
Stephanie Storm, City Secretary
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1111012026 Item B.
Department:
Prepared By:
Finance
Melissa Brown
Wylie City Council
Account Code: See Exhibit A
der, and act upon, Ordinance No. 2026-47 amending Ordinance No. 2026-40, which established the fiscal year 202
budget, providing for repealing, savings, and severability clauses, and the effective date of this ordinance.
to approve the Item as presented.
request is to adjust the carry forward amounts presented in the FY 2027 budget. The adjusted amounts are based on the
fining purchase order balances as of October 1, 2026. Carry forward requests that were completed or received prior to
;tuber 30, 2026 will be removed from the budget.
s budget amendment will not increase or decrease any of the fund balances since all of these items were approved in the
2026 budget and encumbered or accounted for in the fund balance for FY 2026.
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1111012026 Item B.
ORDINANCE NO. 2026-47
AN ORDINANCE OF THE CITY OF WYLIE, TEXAS, AMENDING
ORDINANCE NO. 2026-40, WHICH ESTABLISHED THE BUDGET FOR
FISCAL YEAR 2026-2027; REPEALING ALL CONFLICTING ORDINANCES;
PROVIDING FOR A SEVERABILITY CLAUSE; AND PROVIDING FOR AN
EFFECTIVE DATE.
WHEREAS, the City Council heretofore adopted Ordinance No. 2026-40 setting forth the Budget
for Fiscal Year 2026-2027 beginning October 1, 2026, and ending September 30, 2027; and,
WHEREAS, the City Departments and Divisions routinely review their budget appropriations to
determine if any changes are necessary; and
WHEREAS, based upon said review the City staff now recommends that certain amendments to
the Budget be considered by the City Council; see Exhibit A; and,
WHEREAS, the City Council has the authority to make amendments to the City Budget under
Article VII, Section 4 of the City Charter, as well as State law; and,
WHEREAS, the City Council has determined that the proposed amendments to the FY 2026-2027
Budget; see Exhibit A, with the revenues and expenditures therein contained, is in the best interest of the
City; and therefore, desires to adopt the same by formal action.
NOW, THEREFORE, BE IT ORDAINED BY THE GOVERNING BODY OF THE CITY
OF WYLIE, TEXAS:
SECTION I: The proposed amendments to the FY 2026-2027 Budget of the City of Wylie;
Exhibit A, as heretofore adopted by Ordinance No. 2026-47, are completely adopted and approved as
amendments to the said FY 2026-2027 Budget.
SECTION II: All portions of the existing FY 2026-2027 Budget and Ordinance No. 2026-40,
except as specifically herein amended, shall remain in full force and effect, and not be otherwise affected
by the adoption of the amendatory ordinance.
SECTION III: Should any paragraph, sentence, sub -division, clause, phrase or section of this
ordinance be adjudged or held to be unconstitutional, illegal or invalid, the same shall not affect the validity
of this ordinance as a whole or any part or provision thereof, other than the part or parts as declared to be
invalid, illegal, or unconstitutional.
SECTION IV: This ordinance shall be in full force and effect from and after its adoption by the
City Council and publication of its caption as the law and the City Charter provide in such cases.
SECTION V: That all other ordinances and code provisions in conflict herewith are hereby
repealed to the extent of any such conflict or inconsistency and all other provisions of the Wylie City Code
not in conflict herewith shall remain in full force and effect.
SECTION VI: The repeal of any ordinance, or parts thereof, by the enactment of the Ordinance,
shall not be construed as abandoning any action now pending under or by virtue of such ordinance; nor
shall it have the effect of discontinuing, abating, modifying or altering any penalty accruing or to accrue,
nor as affecting any rights of the municipality under any section or provision of any ordinances at the time
Ordinance No. 2026-47 Budget Carry Forward Adjustments Page 1 of 2
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1111012026 Item B.
of passage of this ordinance.
DULY PASSED AND APPROVED by the City Council of the City of Wylie, Texas, this 10th
day of November, 2026.
ATTEST:
Stephanie Storm, City Secretary
Matthew Porter, Mayor
Ordinance No. 2026-47 Budget Carry Forward Adjustments
Page 2 of 2
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Budget Amendment
Carry Forward Items Adjustment
Fund Department Account Number
100
5251
52130
100
5411
54250
112
5613
58510
112
5614
56570
112
5614
58570
611
5711
58570
611
5712
56040
611
5712
58510
611
5714
54410
611
5714
54430
611
5714
58510
1111012026 Item B.
Exhibit A
Account Description
Debit
Credit
Tools & Equipment
31,250.00
Street Signs & Markings
67,665.00
Total General Fund
0.00
98,915.00
Motor Vehicles
41,297.00
Engineering/Architectural
35,000.00
Engineering/Architectural(Cap)
29,800.00
Total 4B Sales Tax Fund
0.00
106,097.00
Engineering/Architectural
9,380.00
Special Services
56,842.00
Motor Vehicles
62,772.00
Utility Plant - Sewer
6,913.00
Sanitary Sewers
58,861.00
Motor Vehicles
62,772.00
Total Utility Fund
9,380.00
248,160.00
Total
9,380.00
453,172.00
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1111012026 Item B.
Carry Forward Requests
for FY 2026-2027 Budget (ALL FUNDS)
Carryforward October 1 Budget
Fund Dept. Account # Dept. Name Description Amount PO # Balance Adjustment
100
5113
56070
City Secretary
Elections (November 2026 Bond Election Expenses)
53,100
53,100
0
100
5181
56040
GF Combined
McMillen Road Mitigation Fees
62,006
62,006
0
100
5251
52130
Animal Services
Mobile Storage Base
2,088
128510
0
(2,088)
100
5251
52130
Animal Services
Outfitting the new truck with lights, electrical and equipment.
9,100
0
(9,100)
100
5251
52130
Animal Services
Outfitting the new truck with lights, electrical and equipment.
12,500
12,500
0
100
5251
54630
Animal Services
Mobile Storage Base
1,562
128510
0
(1,562)
100
5251
58910
Animal Services
Cat Condo
18,500
128510
0
(18,500)
100
5211
58510
Police
BearCat G2-Fully Armored Tactical Vehicle, F550
317,939
120711
317,939
0
100
5211
52130
Police
EMS - Ambulance Exterior Wrap - Negotiations
6,000
6,000
0
100
5211
52130
Police
Build out new Traffic Truck and Patrol Tahoe
25,000
25,000
0
100
5231
52130
Fire
Replacement Ladder
1,355
127076
1,355
0
100
5231
54650
Fire
Outdoor Warning Siren Replacement
38,148
131217
38,148
0
100
5241
54810
Emer Comm
Router for SIP Truck Integration
4,746
125950
4,746
0
100
5241
58810
Emer Comm
AIS Server
50,533
125833
50,533
0
100
5411
54250
Streets
School Zone Lights for new schools
67,665
130471
0
(67,665)
Total General Fund
670,242
571,327
(98,915)
112
5613
58510
New Ford Transit T-350
59,038
129,970
0
(59,038)
112
5613
58510
Euipment for New Ford Transit
0
132309
17,741
17,741
Plans Feasibility Service Center Parks, Athletics, Public Works,
112
5614
56570
& Animal Services
52,500
129991
17,500
(35,000)
112
5614
56570
Plans Outdoor Restrooms and Pavilion Brown House
26,000
26,000
0
112
5614
58150
Construction Outdoor Restrooms and Pavilion Brown House
300,000
300,000
0
112
5614
58150
Construction Parking Phase 1 Community Park South
300,000
300,000
0
112
5614
58570
Plans Conceptual Drawings Braddock Park
45,000
45,000
0
112
5614
58570
Plans Parking All Phases Founders Park
154,000
PO #125871-R1
148,250
(5,750)
112
5614
58570
Plans Parking All Phases Community Park
51,350
PO #125870-R1
27,300
(24,050)
Total 4B Sales Tax Fund
987,888
881,791
(106,097)
611
5711
58570
Utility Admin
Woodbridge/Hensley Signal
0
104136-115
9,380
9,380
611
5712
56040
Water
Lead Copper Rule Revision (LCRR) ph4
88,308
131229
79,330
(8,978)
611
5712
56040
Water
AWIA RRA & ERP RECERTIFICATION
98,286
129734
50,422
(47,864)
611
5712
58510
Water
1 ton Utility Truck
62,772
129240
0
(62,772)
611
5712
58570
Water
Hilltop/Briarwood Water Line Design
280,000
114482-R2
280,000
0
611
5713
58570
Engineering
Dogwood Water Line Design
22,731
114482-112
22,731
0
611
5714
54410
Wastewater
Harvest Bend Generator Repair
6,913
130015
0
(6,913)
611
5714
54410
Wastewater
Lift Station Nexicon Panel Upgrade
11,641
127161
11,641
0
611
5714
54430
Wastewater
Manhole Rehab Project
58,861
130894
0
(58,861)
611
5714
58510
Wastewater
1 ton Utility Truck
62,772
129241
0
(62,772)
611
5714
58510
Wastewater
6 Yard Dump Truck
139,053
129225
139,053
(0)
Total Utility Fund
831,337
592,557
(238,780)
Sewer Repair and
620
5730
58410
Replacement
21in Sanitary Sewer CIPPP
190,140
130514
190,140
0
175
5175
58150
Public Arts
Public Art walking trail sculptures remaining budget
32,310
32,310
0
175
5175
58150
Public Arts
Two Sculptures on Walking Trail
19,000
115043
19,000
0
175
5175
58150
Public Arts
Prairie Hunter Sculpture
9,000
122966
9,000
0
175
5175
58150
Public Arts
Echos of the Prairie Sculpture
8,879
122967
8,879
0
Total Public Arts
69,189
69,189
0
IN
11110120261tem C.
Wylie City Council
Department: Finance
Prepared By: Melissa Brown
Account Code:
, and act upon, approving the Debt Management Policy.
to approve the Item as presented.
purpose of a Debt Management Policy is to establish parameters and provide guidance governing the issuance,
agement, continuous evaluation, and reporting on all debt obligations issued by the City. A formal approval by Council
also provide for the preparation and implementation necessary to ensure compliance and conformity with the policy.
'antages of a debt policy are:
• Enhances the quality of decision by imposing order and discipline
• Promotes consistency and continuity in decision making
• Identifies objectives for staff to implement
• Demonstrates a commitment to long term financial planning objectives
• Regarded positively by the rating agencies
Debt Management Policy was first adopted on September 22, 2020. No changes have been made to the policy since last
's adoption.
recommends approval of the Debt Management Policy.
�J
11110120261tem C.
City of Wylie, Texas
Debt Management Policy
I. Purpose
The purpose of this policy is to establish parameters and provide guidance governing the
issuance, management, continuous evaluation of and reporting on all debt obligations issued by
the City of Wylie, and to provide for the preparation and implementation necessary to ensure
compliance and conformity with this policy. Advantages of a debt policy are as follows:
• Enhances the quality of decisions by imposing order and discipline
• Promotes consistency and continuity in decision making
• Identifies objectives for staff to implement
• Demonstrates a commitment to long term financial planning objectives
Policy Statement
Under the governance and guidance of Federal and State laws and the City's Charter, ordinances
and resolutions, the City may periodically enter into debt obligations to finance the construction
or acquisition of infrastructure and other assets; or to refinance existing debt for the purpose of
meeting its governmental obligation to its residents. It is the City's desire and direction to
ensure that such debt obligations are issued and administered in such fashion as to obtain the
best long-term financial advantage to the City and its residents, while making every effort to
maintain and improve the City's bond ratings.
The City shall not issue debt obligations or utilize debt proceeds to finance current operations of
City Government.
III. General Debt Governing Policies
The City establishes the following policies concerning the issuance and management of debt:
• The City will not issue debt obligations or use debt proceeds to finance current
operations or normal maintenance.
• Debt financing includes general obligation bonds, certificates of obligation, revenue
bonds, lease/purchase agreements and other obligations permitted to be issued under
Texas law.
Original Issue: September 22, 2020
Presented for approval: November 10, 2026
�J
11110120261tem C.
• The City shall review its outstanding debt annually for the purpose of determining if the
financial marketplace will afford the City the opportunity to refund an issue and lessen
its debt service costs. As a general rule, the present value savings of a particular
refunding should exceed four percent (4%) of the refunded maturities, unless a
restructuring or bond covenant revision is necessary in order to facilitate the ability to
provide services or issue additional debt in accordance with established debt policies.
• The City will utilize debt obligations only for acquisition, construction, reconstruction or
renovation of capital improvement projects that cannot be funded from current
revenue sources or in such cases where it is more equitable to the users of the project
to finance the project over its useful life.
• The City will measure the impact of debt service requirements of outstanding and
proposed debt obligations on a single year, five, ten, and twenty year period. This
analysis will consider debt service maturities and payment patterns.
• The City will seek the advice and services of the Financial Advisor in performing the
bond issuance process. The City will also seek the advice of Bond Counsel as to the
legality and tax-exempt status of any obligations.
• The City shall use a competitive bidding process in the sale of debt unless the nature of
the issue warrants a negotiated sale. The City shall attempt to award the bonds based
on a true interest cost (TIC) basis. However, the City may award bonds based on a net
interest cost (NIC) basis as long as the Financial Advisor agrees that the NIC basis can
satisfactorily determine the lowest and best bid.
• Credit enhancements are mechanisms which guarantee principal and interest payments.
They include bond insurance and a line or letter of credit. A credit enhancement, while
costly, will usually bring a lower interest rate on debt and a higher rating from the rating
agencies, thus lowering overall costs. During debt issuance planning the Financial
Advisor will advise the City whether or not a credit enhancement is cost effective.
• The bond proceeds will be invested in accordance with the City's investment policy.
Interest earnings received on the investment of bond proceeds shall be used to assist in
paying the costs associated with the capital project.
• The City is committed to continued disclosure of financial and pertinent credit
information relevant to the City's outstanding securities and will abide by the provisions
of Securities and Exchange Commission (SEC) Rule 15c2-12 concerning primary and
secondary market disclosure.
Original Issue: September 22, 2020
Presented for approval: November 10, 2026
�J
11110120261tem C.
IV. Debt Limit
The State of Texas statutes do not prescribe a legal debt limit on the amount of
outstanding bonds.
• The charter for the City of Wylie, Texas does not provide a debt limit.
V. Specific Debt Ratios and Measurement
This section of the debt management policy establishes the target debt ratios and measurements for the
City.
As the City periodically addresses its ongoing needs, the City Manager and the City Council must ensure
that future elected officials will have the flexibility to meet the capital needs of the City. Since neither
State law nor the City Charter provides any limits on the amount of debt which may be incurred, this
policy establishes targets which should provide future flexibility.
Purposes of Issuance - The City will issue debt obligations for acquiring, constructing,
reconstructing or renovating Capital Improvements or for refinancing existing debt obligations.
Projects must be designed as public purpose projects by the City Council prior to funding.
Maximum Maturity - All debt obligations shall have a maximum maturity of the earlier of: a)
the estimated useful life of the Capital Improvements being financed; or b) twenty years; or c) in
the event they are being issued to refinance outstanding debt obligations, the final maturity of
the debt obligations being refinanced, unless a longer term is recommended by the Financial
Advisor.
Net Debt Per Capita - Is the amount of general bonded debt outstanding for each citizen of a
jurisdiction. Net direct debt is the sum of all general obligation bonds outstanding less the year-
end balance of the debt service fund. The City shall strive to maintain the current Net Direct
Debt Per Capita at or below $2,000.00.
Net Debt to Assessed Value - Assessed valuation shows the fiscal capacity of the tax base. The
City shall strive to maintain a ratio of Net Direct Debt to Assessed Value of properties in the City
at or below four percent (4%).
Bond Covenants and Laws - The City shall comply with all covenants and requirements of the
bond resolutions, the State and Federal laws authorizing and governing the issuance and
administration of debt obligations.
Original Issue: September 22, 2020
Presented for approval: November 10, 2026
�J
11110120261tem D.
Wylie City Council
Department: Finance
Prepared By: Melissa Brown
Account Code:
, and act upon, approving the Financial Management Policies.
to approve the Item as presented.
Discussion 0
The purpose of the Financial Management Policies is to fonnalize guidelines for the City. They will assist City staff in
Tanning and directing the City's financial affairs and provide a document that codifies these policies in one place.
The overriding goal of the Financial Management Policies is to enable the City to achieve a long-term stable and positive
financial condition while conducting its operations consistent with the Council -Manager form of government established in
he City Charter. The basis for the City's Financial Management Policies includes integrity, prudent stewardship, planning,
ccountability, and full disclosure.
The scope of the policies span accounting, auditing, financial reporting, internal controls, operating and capital budgeting,
evenue management and expenditure control.
The Financial Management Policies are approved annually. There have been no changes since last year's adoption.
taff recommends approval of the Financial Management Policies.
�J
11110120261tem D.
FY 2026-27
}
Revised: January 24, 2023
Submitted for Review: November 10, 2026
�J
11110120261tem D.
PURPOSE STATEMENT
The overriding goal of the Financial Management Policies is to enable the city to achieve a long-term stable
and positive financial condition while conducting its operations consistent with the Council -Manager form
of government established in the City Charter. The watchwords of the city's financial management include
integrity, prudent stewardship, planning, accountability, and full disclosure.
The purpose of the Financial Management Policies is to provide guidelines for the financial management
staff in planning and directing the city's day-to-day financial affairs and in developing recommendations
to the City Manager.
The scope of the policies spans accounting, auditing, financial reporting, internal controls, operating and
capital budgeting, revenue management, cash management, expenditure control and debt management.
ACCOUNTING, AUDITING, AND FINANCIAL REPORTING
A. ACCOUNTING - The city's Assistant Finance Director is responsible for establishing the chart of
accounts, and for properly recording financial transactions.
B. FUNDS - Self -balancing groups of accounts are used to account for city financial transactions
in accordance with generally accepted accounting principles. Each fund is created for a specific
purpose except for the General Fund, which is used to account for all transactions not accounted
for in other funds. Funds are created and fund names are changed by City Council.
C. EXTERNAL AUDITING - The city will be audited annually by outside independent auditors. The
auditors must be a CPA firm of national reputation, and must demonstrate that they have the
breadth and depth of staff to conduct the city's audit in accordance with generally accepted
auditing standards, generally accepted government auditing standards, and contractual
requirements. The auditors' report on the city's financial statements including any federal grant
single audits will be completed within 120 days of the city's fiscal year end, and the auditors'
management letter will be presented to the city staff within 1S0 days after the city's fiscal year
end. An interim management letter will be issued prior to this date if any materially significant
internal control weaknesses are discovered. The city staff and auditors will jointly review the
management letter with the City Council within 60 days of its receipt by the staff.
D. EXTERNAL AUDITORS RESPONSIBLE TO CITY COUNCIL —The external auditors are accountable
to the City Council and will have access to direct communication with the City Council if the city
staff is unresponsive to auditor recommendations or if the auditors consider such communication
necessary to fulfill their legal and professional responsibilities.
E. EXTERNAL AUDITOR ROTATION - The city will not require external auditor rotation, but will
circulate requests for proposal for audit services periodically, normally at five-year intervals or
less. An award of services to the same audit firm is allowable but will require rotation of the audit
partner and audit manager after five consecutive years. The rest period for the audit partner will
Revised: January 24, 2023
Submitted for Review: November 10, 2026
11110120261tem D.
be a minimum of two years and the rest period for the audit manager will be a minimum of five
years.
F. EXTERNAL FINANCIAL REPORTING -The city will prepare and publish an Annual Comprehensive
Financial Report (ACFR). The ACFR will be prepared in accordance with generally accepted
accounting principles, and will be presented annually to the Government Finance Officers
Association (GFOA) for evaluation and possibly awarding of the Certification of Achievement for
Excellence in Financial Reporting. The ACFR will be published and presented to the City Council
within 120 days after the end of the fiscal year. City staffing limitations may preclude such timely
reporting. In such a case, the Finance Director will inform the City Manager and the City Manager
will inform the City Council of the delay and the reasons therefore.
III. INTERNAL CONTROLS
A. WRITTEN PROCEDURES - The Finance Director is responsible for developing city-wide written
guidelines on accounting, cash handling, and other financial matters which will be approved by
the City Manager.
The Finance Department will assist department managers as needed in tailoring these guidelines
into detailed written procedures to fit each department's requirements.
B. INTERNAL AUDIT - The Finance Department may conduct reviews of the departments to
determine if the departments are following the written guidelines as they apply to the
departments. Finance will also review the written guidelines on accounting, cash handling and
other financial matters. Based on these reviews Finance will recommend internal control
improvements as needed.
C. DEPARTMENT MANAGERS RESPONSIBLE - Each department manager is responsible to the City
Manager to ensure that good internal controls are followed throughout his or her department,
that all guidelines on accounting and internal controls are implemented, and that all independent
and internal auditor internal control recommendations are addressed.
IV. OPERATING BUDGET
A. PREPARATION - The city's "operating budget" is the city's annual financial operating plan. It
consists of governmental and proprietary funds, including the general obligation Debt Service
Fund, but excluding capital projects funds. The budget is prepared by the City Manager with the
assistance of the Finance Department and cooperation of all city departments. The City Manager
transmits the document to the City Council. The budget should be presented to the City Council
no later than August S or a date to be determined by the City Council, and should be enacted by
the City Council prior to fiscal year end. The operating budget will be submitted to the GFOA
annually for evaluation and possible awarding of the Award for Distinguished Budget
Presentation.
Revised: January 24, 2023
Submitted for Review: November 10, 2026
11110120261tem D.
B. BALANCED BUDGETS -An Operating budget will be balanced, with current revenues, exclusive
of beginning resources, greater than or equal to current expenditures/expenses.
C. PLANNING - The budget process will be coordinated so as to identify major policy issues for
City Council.
D. BUDGETED DRAWDOWN OF RESERVES - One-time purchases may be requested by the City
Manager through the budget process, subject to the Fund Balance Policy in section IX of the
Policies.
E. REPORTING - Periodic financial reports will be prepared to enable the department managers
to manage their budgets and to enable the Budget Manager to monitor and control the budget
as approved by the City Council. Monthly financial reports will be presented to the City Council.
Such reports will include current year revenue and expenditures.
F. CONTROL - Operating Expenditure Control is addressed in Section VII of the Policies.
G. PERFORMANCE MEASURES AND PRODUCTIVITY INDICATORS — Where appropriate,
performance measures and productivity indicators will be used as guidelines and reviewed for
efficiency and effectiveness. This information will be included in the annual budgeting process.
V. CAPITAL BUDGET AND PROGRAM
A. PREPARATION - The city's capital budget will include all capital projects funds and all capital
resources. The budget will be prepared annually on a fiscal year basis and adopted by ordinance.
The capital budget will be prepared by the City Manager with assistance from the Finance
Department and involvement of all required city departments.
B. CONTROL -All capital project expenditures must be appropriated in the capital budget. Finance
must certify the availability of resources so an appropriation can be made before a capital project
contract is presented by the City Manager to the City Council for approval.
C. PROGRAM PLANNING - The capital budget will include capital improvements programs for
future years. The planning time frame should normally be five years. The replacement and
maintenance for capital items should also be projected for the next five years at a minimum.
Future maintenance and operations will be fully costed, so that these costs can be considered in
the operating budget.
D. ALTERNATE RESOURCES - Where applicable, assessments, impact fees, or other user -based
fees should be used to fund capital projects which have a primary benefit to certain property
owners.
E. DEBT FINANCING - Recognizing that debt is usually a more expensive financing method,
alternative financing sources will be explored before debt is issued. When debt is issued, it will be
used to acquire major assets with expected lives that equal or exceed the average life of the debt
Revised: January 24, 2023
Submitted for Review: November 10, 2026
11110120261tem D.
issue. The exceptions to this requirement are the traditional costs of marketing and issuing the
debt, capitalized labor for design and construction of capital projects, and small component parts
which are attached to major equipment purchases.
F. STREET MAINTENANCE -The city recognizes that deferred street maintenance increases future
capital costs by an estimated 5 to 10 times. Therefore, the City's goal is to allocate a portion of
the General Fund budget each year to maintain the quality of streets. The amount will be
established annually so that repairs will be made amounting to a designated percentage of the
value of the streets.
G. WATER/WASTEWATER MAIN REHABILITATION AND REPLACEMENT - The city recognizes that
deferred water/wastewater main rehabilitation and replacement increases future costs due to
loss of potable water from water mains and inflow and infiltration into wastewater mains.
Therefore, to ensure that the rehabilitation and replacement program is adequately funded, the
City's goal will be to dedicate an amount equal to at least 1 % of the undepreciated value of
infrastructure annually to provide for a water and wastewater main repair and replacement
program.
H. REPORTING - Periodic financial reports will be prepared to enable the department managers
to manage their capital budgets and to enable the finance department to monitor the capital
budget as authorized by the City Manager.
VI. REVENUE MANAGEMENT
A. SIMPLICITY - The city will strive to keep the revenue system simple which will result in a
decrease of compliance costs for the taxpayer or service recipient and a corresponding decrease
in avoidance to pay. The city will avoid nuisance taxes, fees, or charges as revenue sources.
B. CERTAINTY - An understanding of the revenue source increases the reliability of the revenue
system. The city will try to understand its revenue sources, and enact consistent collection policies
so that assurances can be provided that the revenue base will materialize according to budgets
and plans.
C. EQUITY -The city will strive to maintain equity in the revenue system structure. That is, the city
will seek to minimize or eliminate all forms of subsidization between entities, funds, services,
utilities and customers. However, it is recognized that public policy decisions may lead to subsidies
in certain circumstances, e.g., senior citizen property tax exemptions or partial property tax
abatement.
D. ADMINISTRATION - The benefits of revenue will exceed the cost of producing the revenue. The
cost of collection will be reviewed annually for cost effectiveness as a part of the indirect cost,
and cost of services analysis.
Revised: January 24, 2023
Submitted for Review: November 10, 2026
El
11110120261tem D.
E. REVENUE ADEQUACY - The city will require that there be a balance in the revenue system. That
is, the revenue base will have the characteristics of fairness and neutrality as it applies to cost of
service, willingness to pay, and ability to pay.
F. COST/BENEFIT OF ABATEMENT - The city will use due caution in the analysis of any tax, fee, or
water and wastewater incentives that are used to encourage development. A cost/benefit (fiscal
impact) analysis will be performed as a part of such analysis and presented to the appropriate
entity considering using such incentive.
G. DIVERSIFICATION AND STABILITY - In order to protect the government from fluctuations in
revenue source due to fluctuations in the economy, and variations in weather (in the case of water
and wastewater), a diversified revenue system will be maintained.
H. NON -RECURRING REVENUES - One-time revenues will not be used for ongoing operations.
Non -recurring revenues will be used only for non -recurring expenditures. Care will be taken not
to use these revenues for budget balancing purposes.
I. PROPERTY TAX REVENUES - Property shall be assessed at 100% of the fair market value as
appraised by the Collin County Central Appraisal District. Reappraisal and reassessment shall be
done regularly as required by State law. A 100% collection rate will serve as a minimum for tax
collection.
All delinquent taxes will be aggressively pursued, with delinquents greater than 150 days being
turned over to the City Attorney or a private attorney, and a penalty assessed to compensate the
attorney as allowed by State law, and in accordance with the attorney's contract. Annual
performance criteria will be developed for the attorney regarding the collection of delinquent
taxes.
J. PARKS AND RECREATION 4B SALES TAX REVENUE - Parks and Recreation 413 sales tax revenue
shall supplement but not supplant the funding for the Parks and Recreation System in the General
Fund and the Recreation Center Department of the Parks and Recreation 413 Sales Tax Revenue
Fund.
K. USER -BASED FEES - For services associated with a user fee or charge, the direct and indirect
costs of that service will be offset by a fee where possible. There will be an annual review of fees
and charges to ensure that fees provide adequate coverage of costs and services. User charges
may be classed as "full cost recovery," "partial costs recovery," and "minimal cost recovery,"
based upon City Council policy.
L. IMPACT FEES - Impact fees will be imposed for water, wastewater, and transportation in
accordance with the requirements of State law. The staff working with the particular impact fee
shall prepare a semi-annual report on the capital improvement plans and fees. Additionally, the
impact fees will be re-evaluated at least every three years as required by law.
Revised: January 24, 2023
Submitted for Review: November 10, 2026
J
11110120261tem D.
M. GENERAL AND ADMINISTRATIVE CHARGES - A method will be maintained whereby the
General Fund can impose a charge to the enterprise funds for general and administrative services
(indirect costs) performed on the enterprise funds' behalf. The calculation will be based upon the
percentage of personnel time and other resources attributed to the Enterprise Fund by each
department of the General Fund. The details will be documented and said information will be
maintained in the Finance Department for review.
N. UTILITY RATES - The city will review utility rates annually and, if necessary, adopt new rates to
generate revenues required to fully cover operating expenditures, meet the legal restrictions of
all applicable bond covenants, and provide for an adequate level of working capital needs. This
policy does not preclude drawing down cash balances to finance current operations. However, it
is best that any extra cash balance be used instead to finance capital projects.
O. PARKS AND RECREATION 4B FUND BALANCE -The Parks and Recreation 4B Fund Balance shall
be established to protect property tax payers from excessive volatility caused by the fluctuations
in the Parks and Recreation 4B sales tax revenue. It will be funded with revenues of the Parks and
Recreation 4B Fund. The city's goal will be to maintain the Fund Balance at 25% of the annual
Parks and Recreation 4B sales tax budgeted revenue.
P. UTILITY FUND BALANCE -The Utility Fund shall maintain a Fund Balance to protect ratepayers
from excessive utility rate volatility. It may not be used for any other purpose. It will be funded
with surplus revenues of the Utility Fund. The City's goal will be to maintain the Utility Fund
Balance at 90 days of budgeted expenditures.
Q. INTEREST INCOME - Interest earned from investment of available monies, whether pooled or
not, will be distributed to the funds in accordance with the operating and capital budgets which,
wherever possible, will be in accordance with the equity balance of the fund from which monies
were provided to be invested.
R. REVENUE MONITORING - Revenues actually received will be regularly compared to budgeted
revenues and variances will be investigated. This process will be summarized in the appropriate
budget report.
VII. EXPENDITURE CONTROL
A. APPROPRIATIONS - The level of budgetary control is the department level budget in the
General Fund, and the fund level in all other funds. When budget adjustments (i.e., amendments),
among departments and/or funds are necessary these must be approved by the City Council.
Budget appropriation amendments at lower levels of control shall be made in accordance with
the applicable administrative procedures.
B. CONTINGENCY ACCOUNT EXPENDITURES - The General Fund Contingency Account will be
budgeted and approved by the City Council as a part of the budget process. The City Manager
must approve all contingency account expenditures.
Revised: January 24, 2023
Submitted for Review: November 10, 2026
�J
11110120261tem D.
C. VACANCY FUNDS — Savings from position vacancies will be reviewed as a part of the midyear
budget amendments and savings will be either allocated to other accounts by Council approval or
become unbudgeted funds to add to the ending fund balance.
D. CENTRAL CONTROL - Significant vacancy (salary) and capital budgetary savings in any
department will be centrally controlled by the City Manager.
E. PURCHASING -All purchases shall be made in accordance with the city's purchasing policies as
defined in the Purchasing Manual. Authorization levels for appropriations previously approved by
the City Council in the Operating Budget are as follows: Division Staff up to $1,000, for Directors
up to $3,000, for Purchasing up to $10,000.00, for Finance Director up to $15,000.00. The City
Manager can authorize expenditures over $15,000.00 with any purchases exceeding $50,000.00
to be approved by the City Council.
F. PROFESSIONAL SERVICES - Professional services contracts will be coordinated through the
purchasing agent in compliance with statutory regulations.
G. CONTRACT AUTHORITY — By statute, contracts greater than or equal to $50,000.00 must be
approved by Council, after which either the Mayor or the City Manager may then sign any
necessary documents. By ordinance, contracts less than $50,000.00 may be authorized and signed
by the City Manager, provided there is an appropriation for such contract. Signature authority for
contracts equal to or less than $10,000 has been delegated by the City Manager to the Purchasing
Manager.
H. PROMPT PAYMENT - All invoices will be paid within 30 days of receipt in accordance with the
prompt payment requirements of State law. Procedures will be used to take advantage of all
purchase discounts where considered cost effective. However, payments will also be reasonably
delayed in order to maximize the city's investable cash, where such delay does not violate the
agreed upon terms.
I. INFORMATION TECHNOLOGY - Certain information technology acquisitions will be centrally
funded from the Information Technology Division. Acquisitions from this division may include all
related professional services costs for researching and/or implementing an information
technology project. Annual funding for replacements and for new technology will be budgeted in
the IS department with the exception of the Utility Fund. Additional funding above the base
amount may be provided for major projects with available one-time sources including debt
proceeds and/or grants.
J. PREPAID EXPENDITURES— Final determination of expenditure coding in the General Ledger will
be assigned to the Finance Department. Expenditure coding must remain consistent. Purchased
items must fit the description of the line item they are being charged to. Amounts of $10,000 or
more paid in advance or across budget years will be coded as prepaid items and charged to the
next budget year. Department Directors are responsible for budgeting and paying these items
accordingly.
Revised: January 24, 2023
Submitted for Review: November 10, 2026
11110120261tem D.
Vill. ASSET MANAGEMENT
A. INVESTMENTS - The city's investment practices will be conducted in accordance with the City
Council approved Investment Policies.
B. CASH MANAGEMENT - The city's cash flow will be managed to maximize the cash available to
invest.
C. INVESTMENT PERFORMANCE - A monthly report on investment performance will be provided
by the Finance Director to the City Manager for presentation to the City Council.
D. FIXED ASSETS AND INVENTORY - These assets will be reasonably safeguarded, properly
accounted for, and prudently insured.
IX. FINANCIAL CONDITION AND RESERVES
A. NO OPERATING DEFICITS - Current expenditures will be paid with current revenues. Deferrals,
short-term loans, or one-time sources will be avoided as budget balancing techniques. Reserves
will be used only for emergencies on non -recurring expenditures, except when balances can be
reduced because their levels exceed guideline minimums.
B. INTERFUND LOANS - Non -routine interfund loans shall be made only in emergencies where
other temporary sources of working capital are not available and with the approval of the City
Council. At the time an interfund loan is considered, a plan to repay it prior to fiscal year end shall
also be considered. A fund will only lend money that it will not need to spend for the next 365
days. A loan may be made from a fund only if the fund has ending resources in excess of the
minimum requirement for the fund. Loans will not be made from the city's enterprise funds
(Water/Wastewater, etc.), except for projects related to the purpose of the fund. Total interfund
loans outstanding from a fund shall not exceed 15% of the target fund balance for the fund. If any
interfund loan is to be repaid from the proceeds of a future debt issue, a proper reimbursement
resolution will be approved at the time the loan is authorized.
C. FUND BALANCE POLICY
1. Committed Fund Balance — The City Council is the City's highest level of decision -
making authority and the formal action that is required to be taken to establish, modify,
or rescind a fund balance commitment is a resolution approved by the Council at the City's
Council meeting. The resolution must either be approved or rescinded, as applicable,
prior to the last day of the fiscal year for which the commitment is made. The amount
subject to the constraint may be determined in the subsequent period.
2. Assigned Fund Balance — The City Council has authorized the City Manager as the
official authorized to assign fund balance to a specific purpose as approved by this fund
balance policy.
Revised: January 24, 2023
Submitted for Review: November 10, 2026
�J
11110120261tem D.
3. Order of Expenditure of Funds — When multiple categories of fund balance are
available for expenditure, the City will start with the most restricted category and spend
those funds first before moving down to the next category with available funds.
4. Minimum General Fund Unassigned Fund Balance — It is the goal of the City to achieve
and maintain an unassigned fund balance in the general fund equal to 25% of
expenditures. The City considers a balance of less than 20% to be cause for concern,
barring unusual or deliberate circumstances. If unassigned fund balance falls below the
goal or has a deficiency, the City will appropriate funds in future budgets to replenish the
fund balance based on a time table deemed adequate by the City Council.
5. Minimum Utility Fund Balance — The Utility Fund shall maintain a Fund Balance to
protect ratepayers from excessive utility rate volatility. It will be funded with surplus
revenues of the Utility Fund. The City's goal will be to maintain the Utility Fund ending
Fund Balance at 90 days of budgeted expenditures.
6. Minimum Parks and Recreation 413 Fund Balance —The Parks and Recreation 413 Fund
Balance shall be established to protect property tax payers from excessive volatility
caused by the fluctuations in the Parks and Recreation 4B sales tax revenue. It will be
funded with revenues of the Parks and Recreation 4B Fund. The City's goal will be to
maintain the Parks and Recreation 413 Fund ending Fund Balance at 25% of budgeted 46
sales tax revenues.
D. RISK MANAGEMENT PROGRAM -The city will aggressively pursue every opportunity to provide
for the public's and city employees' safety and to manage its risks.
E. ENTERPRISE FUND SELF-SUFFICIENCY -The city's enterprise funds' resources will be sufficient
to fund operating and capital expenditures. The enterprise funds will pay (where applicable) their
fair share of general and administrative expenses, in -lieu -of -property taxes and/or franchise fees.
If an enterprise fund is temporarily unable to pay all expenses, then the City
Council may waive general and administrative expenses, in -lieu -of -property taxes and/or
franchise fees until the fund is able to pay them. The City Council may pay out-of-pocket expenses
that a fund is temporarily unable to pay with interfund loans, to be repaid at a future date.
X. DEBT MANAGEMENT
Debt Management is addressed in a separate Debt Management Policy.
XI. STAFFING AND TRAINING
A. ADEQUATE STAFFING - Staffing levels will be adequate for the fiscal functions of the city to
function effectively. Overtime shall be used only to address temporary or seasonal demands that
require excessive hours. Workload scheduling alternatives will be explored before adding staff.
Revised: January 24, 2023
Submitted for Review: November 10, 2026
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11110120261tem D.
B. TRAINING - The city will support the continuing education efforts of all financial staff including
the investment in time and materials for maintaining a current perspective concerning financial
issues. Staff will be held accountable for communicating, teaching, and sharing with other staff
members all information and training materials acquired from seminars, conferences, and related
education efforts.
XII. GRANTS FINANCIAL MANAGEMENT
A. GRANT SOLICITATION - The City Manager will be informed about available grants by the
departments and will have final approval over which grants are applied for. The grants should be
cost beneficial and meet the city's objectives.
B. RESPONSIBILITY - Departments will oversee the day to day operations of grant programs, will
monitor performance and compliance, and will also keep the Finance Department and Purchasing
informed of significant grant -related plans and activities. Departments will also report re -
estimated annual revenues and expenses to the Finance Department as needed. Finance
Department staff members will serve as liaisons with grantor financial management personnel,
will prepare invoices, and will keep the books of account for all grants. All goods and services
obtained through grants are subject to City purchasing policies and must be coordinated with the
purchasing agent.
XIII. ANNUAL REVIEW AND REPORTING
A. These Policies will be reviewed administratively by the City Manager at least annually, and will
be presented to the City Council by the Finance Department for confirmation of any significant
changes.
B. The Finance Director will report annually to the City Manager on compliance with these policies.
Revised: January 24, 2023
Submitted for Review: November 10, 2026
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1 1111012026 Item E. I
Department: Finance
Prepared By: Melissa Brown
Account Code:
Wylie City Council
I and act upon, Resolution No. 2026-24(R) approving the current Investment Policy as required by the T
ient Code, Chapter 2256, Public Funds Investment Act, Subchapter A - Authorized Investments for Governm(
to approve the Item as presented.
exas Government Code requires that the governing body of an investing entity review its Investment Policy not less than
anually. The governing body should adopt a written instrument by rule, order, ordinance, or resolution stating that it has
,viewed the Investment Policy and that the written instrument so adopted shall record any changes made to the Investment
olicy. The policy has no changes this year.
�J
1111012026 Item E.
RESOLUTION NO. 2026-24(R)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WYLIE, TEXAS,
APPROVING THE CURRENT INVESTMENT POLICY, PROVIDING FOR
SCOPE OF THIS POLICY, PROVIDING FOR INVESTMENT OBJECTIVES,
PROVIDING FOR AN INVESTMENT COMMITTEE, PROVIDING FOR
DELEGATION OF AUTHORITY, PROVIDING INVESTMENT STRATEGIES
BY POOLED FUND GROUPS, PROVIDING FOR STANDARD OF CARE,
PROVIDING FOR OTHER INVESTMENT GUIDELINES, PROVIDING FOR
INVESTMENTS AUTHORIZED BY PUBLIC FUNDS INVESTMENT ACT AND
INVESTMENTS UNAUTHORIZED BY THE CITY, PROVIDING FOR
PORTFOLIO DIVERSIFICATION AND MATURITY LIMITS, PROVIDING
FOR SELECTION OF BROKERS/DEALERS, PROVIDING FOR SELECTION
OF DEPOSITORIES, PROVIDING FOR SAFEKEEPING AND CUSTODY,
PROVIDING FOR RECORD KEEPING AND REPORTING, PROVIDING FOR
ETHICS AND CONFLICTS OF INTEREST, PROVIDING FOR POLICY
REVISIONS; AND MAKING VARIOUS FINDINGS AND PROVISIONS
RELATED TO THE SUBJECT.
WHEREAS, the Public Funds Investment Act, as amended, requires the City of Wylie to adopt
the investment policy by rule, order, ordinance, or resolution; and
WHEREAS, the Investment Policy was originally approved December 12, 2006; and
WHEREAS, the Investment Policy complies with the Texas Government Code, Chapter 2256,
Public Funds Investment Act, Subchapter A — Authorized Investments for Governmental Entities and
Subchapter B — Miscellaneous Provisions as amended, and authorizes the investment of City funds in safe
and prudent investments.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
WYLIE, THAT the City of Wylie has complied with the requirements of the Public Funds Investment
Act and the Investment Policy, attached hereto, is adopted as the investment policy of the City effective
November 10, 2026.
DULY PASSED AND ADOPTED by the City Council of the City of Wylie, Texas, this 10' day
of November 2026.
Matthew Porter, Mayor
Stephanie Storm, City Secretary
Resolution No. 2026-24(R) Investment Policy
Page 1 of 1
1111012026 Item E.
City of Wylie, Texas
INVESTMENT POLICY
CATY OF , TEXAS
INVESTMENT POLICY
Submitted for Review November 10, 2026
1 1111012026 Item E. I
Table of Contents
1. INTRODUCTION
11. SCOPE
III. OBJECTIVES
Safety
Liquidity
Diversification
Yield
IV. INVESTMENT COMMITTEE
V. DELEGATION OF AUTHORITY
V1. INVESTMENT STRATEGY
Operating Funds
Debt Service Funds
Debt Service Reserve Funds
Special Projects and Special Purpose Funds
VII. STANDARD OF CARE
VIII. INVESTMENTS AUTHORIZED BY THE CITY
Ix. OTHER INVESTMENT GUIDELINES
X. DIVERSIFICATION AND MATURITY LIMITS
X1. SELECTION OF BROKER/DEALERS
XII. SAFEKEEPING AND CUSTODY
XIII. RECORD KEEPING AND REPORTING
XIV. ETHICS AND CONFLICTS OF INTEREST
XV. POLICY REVISIONS
APPENDIX A - BROKER/DEALER QUESTIONNAIRE
APPENDIX B - CERTIFICATION BY DEALER
2
2
3
3
3
3
3
3
4
5
5
6
6
7
8
9
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1111012026 Item E.
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INVESTMENT POLICY
I. INTRODUCTION
Chapter 2256 of Title 10 of the Local Government
Code (hereinafter referred to as the "Public Funds
Investment Act") prescribes that each city is to adopt
written rules governing its investment practices and to
define the authority of the investment officer. The
following Investment Policy addresses the methods,
procedures, and practices which must be exercised to
ensure effective and judicious fiscal management of
the City's funds. This Policy shall not apply to the
selection, retention or other issues concerning the
depositories of the City's funds in demand deposits as
provided under Chapter 105 of the Local Government
Code.
II. SCOPE
This Policy shall apply to the investment and
management of all funds of the City under its control,
other than those expressly excluded herein or by
applicable law or valid agreement. This Policy shall
not supersede the restrictions on investment and use
applicable to any specific fund and, in the event of any
conflict between this Policy and the requirements of
any fund subject hereto, the specific requirement
applicable to such fund shall be followed as well as all
other provisions of this Policy other than those in
conflict. The Employees Deferred Compensation
Agency Fund is excluded from coverage under this
Policy.
In order to make effective use of the City's resources,
all monies shall be pooled into one bank account,
except for those monies required to be accounted for
in other bank accounts as stipulated by applicable
laws, bond covenants or contracts. The bank account
will be maintained by pooled fund group for purposes
of implementing pooled fund strategies and reporting.
The income derived from this pooled investment
account shall be distributed by fund in accordance
with the City's internal procedures.
III. OBJECTIVES
The City's principal investment objectives, in order of
priority, are listed below.
Safety. The primary objective of the City's investment
activity is the preservation of principal (capital) in the
overall portfolio. Each investment transaction shall
seek first to ensure that capital losses are avoided,
whether the loss occurs from the default of a security
or from erosion of market value.
Liquidity. The City's investment portfolio will remain
sufficiently liquid to enable the City to meet operating
requirements that might be reasonably anticipated.
Liquidity shall be achieved by matching investment
maturities with forecasted cash flow requirements, by
investing in securities with active secondary markets,
and by using state or local investment pools.
Diversification. The governing body recognizes that
in a diversified portfolio, occasional measured losses
due to market volatility are inevitable, and must be
considered within the context of the overall portfolio's
return, provided that adequate diversification has been
implemented. Therefore, assets held in the common
investment portfolio shall be diversified to eliminate
the risk of loss resulting from one concentration of
assets in a specific maturity, a specific issuer or a
specific class of securities.
Yield. The investment portfolio goal (benchmark)
against which the yield is compared will be established
from time to time by the Finance Director.
Recommendations by the Investment Committee will
be considered when the performance measure is being
established. Efforts to seek higher than the above goal
must be consistent with risk limitations identified in
this policy and prudent investment principles. The
City's investment portfolio shall be designed with the
objective of attaining a rate of return which is
consistent with the risk limitations and cash flow
characteristics of the City's investments.
IV. INVESTMENT COMMITTEE
An investment committee consisting of the City
Manager, the Director of Finance and the Assistant
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1111012026 Item E.
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INVESTMENT POLICY
Director of Finance will meet annually before the
beginning of a new fiscal year. The Investment
Committee shall be authorized to invite advisors to the
meetings as needed.
The investment officer will present a brief report of
investment activities to the Investment Committee.
The primary objectives of the committee will be to
(1) make recommendations regarding investment
strategies
(2) approve a list of authorized brokers, dealers,
banks, savings and loans, credit unions, and
pools
(3) recommend a list of authorized training
sources for the state mandated investment
training and
(4) monitor program results.
The committee shall include in its deliberations such
topics as performance reports, economic outlook,
portfolio diversification, maturity structure, potential
risk to the city's funds, and the target rate of return on
the investment portfolio.
V. DELEGATION OF AUTHORITY
Management responsibility for the investment
program is delegated by the City Council to the City
Manager who will designate the Finance Director as
Investment Officer (hereinafter referred to as the
"Director"). The Director's authority will at all times
be limited by conformance with all Federal
regulations, State of Texas statutes and other legal
requirements including the City Charter and City
Ordinances, including this Policy.
The Director shall develop and maintain written
administrative procedures for the operation of the
investment program consistent with this Policy. The
controls shall be designed to prevent, identify and
control losses of public funds arising from deviation
from this Policy, fraud, employee error, and
misrepresentation by third parties, or imprudent
actions by employees and officers of the City.
With written approval from the City Manager, the
Director may delegate any phase of the investment
management program to members of the City staff.
Such approval shall state specifically the functions
such person is authorized to perform or that the person
is authorized to perform all activities of the Director
under this Policy. The Director shall obtain and
maintain, at the City's expense, fidelity bonds for
himself and each of his designees in amounts
determined adequate by the Director (which shall not
be less than five percent of the amounts subject to this
Policy) for each fiscal year as shown by the approved
budget. No person may engage in an investment
transaction except as provided under the terms of this
Policy and the internal procedures established by the
Director. A current list of persons authorized to
transact investment business and wire funds on behalf
of the City shall be maintained by the Director.
At the discretion of either the City Manager or the
Director and in any event upon the termination or
reassignment of any member of the Director's staff
authorized to conduct transactions for the City
pursuant to this Policy, the authority of such person
shall be revoked and such revocation of authority shall
be immediately communicated by the Director orally
and in writing to each and every depository,
broker/dealer, investment advisor, custodian and other
agency or entity with whom the City has any existing
or continuing relationship in the management of its
investments.
VI. INVESTMENT STRATEGY
The City of Wylie maintains a pooled investment
portfolio. The pooled portfolio utilizes specific
investment strategies designed to address the unique
characteristics of the pooled investment portfolio. The
pooled investment portfolio includes Operating Funds,
Debt Service Funds, Debt Service Reserve Funds,
Capital Projects and Special Purpose Funds.
Investment strategies for these different groups are
detailed below.
(1) Investment strategies for operating, debt
service, capital project, and special purpose funds have
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1111012026 Item E.
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INVESTMENT POLICY
as their primary objective to assure that anticipated
cash outflows are matched with adequate investment
liquidity. The secondary objective is to create a
portfolio structure which will experience minimal
volatility during economic cycles.
(2) The investment strategy for the debt service
reserve funds shall have as the primary objective the
ability to generate a dependable revenue stream from
securities with a low degree of volatility. Securities
should be of high quality, with short to intermediate
term maturities. Except as may be required by a bond
ordinance, securities should be of high quality with
short to intermediate -term maturities.
VII. STANDARD OF CARE
Investments shall be made with judgment and care,
under prevailing circumstances, that a person of
prudence, discretion, and intelligence would exercise
in the management of the person's own affairs, not for
speculation, but for investment, considering the
probable safety of capital and the probable income to
be derived. Investment of funds shall be governed by
the following investment objectives, in order of
priority:
(1) preservation and safety of principal;
(2) liquidity; and
(3) diversification; and
(4) yield.
In determining whether an investment officer has
exercised prudence with respect to an investment
decision, the determination shall be made taking into
consideration:
(1) the investment of all funds, or funds under the
City's control, over which the officer had
responsibility rather than a consideration as to
the prudence of a single investment; and
(2) whether the investment decision was
consistent with the written investment policy
of the City.
The Director and his staff shall recognize that the
investment activities of the City are a matter of public
record. Therefore, all participants in the investment
process shall seek to act responsibly as custodians of
the public trust. Investment officials shall avoid any
transactions that might impair public confidence in the
City's ability to govern effectively.
VIII. INVESTMENTS AUTHORIZED BY THE
CITY OF WYLIE
Authorized investments for municipal governments in
the State of Texas are set forth in the Public Funds
Investment Act, as amended (Section 2256.009-
2256.019, Government Code). However, suitable
investments for the City of Wylie are limited to the
following.
(1) Direct obligations of the United States or its
agents and instrumentalities with a stated
maturity of 5 years or less.
(2) Certificates of deposit issued in the State of
Texas with a maximum maturity of 2 years or
less and insured by the Federal Deposit
Insurance Corporation.
(3) Fully collateralized direct repurchase
agreements with a defined termination date of
2 years or less which are secured by
obligations of the United States or its agencies
and instrumentalities and pledged with a third
party in the City's name. The agreement must
be placed through a primary government
securities dealer, as defined by the Federal
Reserve, or by a financial institution doing
business in the State of Texas. Each issuer of
repurchase agreements shall be required to
sign a master repurchase agreement.
(4) Approved investment pools as described in
Section 2256.016 which are continuously
1111012026 Item E.
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INVESTMENT POLICY
rated no lower than AAA, AAAm or an
equivalent rating by at least one nationally
recognized rating agency and have a weighted
average maturity no greater than 90 days.
IX. OTHER INVESTMENT GUIDELINES
The City seeks active management of its portfolio
assets. In order to meet the objectives of this Policy,
the City may from time to time sell securities that it
owns in order to better position its portfolio assets.
Sales of securities prior to maturity shall be
documented and approved by the Director before such
a transaction is consummated. Sales of securities
yielding net proceeds less than 92% of the book value
of the securities must be approved in advance and in
writing by the City Manager. Three examples of
situations involving the sale of securities prior to
maturity are
(1) swap - to sell an investment to realize a
capital gain,
(2) To better position selected investments
due to a change in market conditions,
(3) To react to emergency liquidity demands.
Each investment transaction must be based upon
competitive quotations received from at least three
broker/dealers who have been approved by the City in
accordance with Texas law.
The purchase and sale of all securities shall be on a
delivery versus payment or payment versus delivery
basis (i.e., for securities purchases, monies will not be
released by the City's safekeeping bank until securities
are received at the Federal Reserve Bank for further
credit to the City's safekeeping bank. In the case of
securities sales, monies will be received by the City's
safekeeping bank via the Federal Reserve Bank as the
securities are simultaneously released to the
purchaser). In this manner the City will always have
possession of either its securities or its monies.
X. DIVERSIFICATION AND MATURITY
LIMITS
It is the policy of the City to avoid concentration of
assets in a specific maturity, a specific issue, or a
specific class of securities, with the exception of U.S.
Treasury issues. The asset allocation in the portfolio
should, however, be flexible depending upon the
outlook for the economy and the securities markets.
The City will not exceed the following maximum
limits as a percentage of the total portfolio for each of
the categories listed below:
Max. %
of
Max.
Investment Category
Portfolio
Maturity
Obligations of the United
100%
5 years
States or its agencies and
instrumentalities.
Certificates of Deposit
25%
18 mon.
Repurchase Agreements
100%
2 years
NOT Reverse Repurchase
Agreements
The Director shall evaluate how each security
purchased fits into the City's overall investment
strategy.
At all times the City shall maintain 10 percent of its
total investment portfolio in instruments maturing in
90 days or less. The weighted average maturity of all
securities and certificates of deposit in the City's total
investment portfolio at any given time (not including
cash or demand deposits) shall not exceed 2 years.
XI. SELECTION OF BROKERS/DEALERS
The City shall maintain a list of broker/dealers and
financial institutions which have been approved for
investment purposes by the investment committee.
(For the purpose of this investment policy,
Broker/dealer will be used to refer to any brokerage
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1111012026 Item E.
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INVESTMENT POLICY
firm, bank, investment pool, or financial institution
with which the City does investment business).
Securities may only be purchased from those
authorized institutions and firms. The authorized
broker/dealers will be reviewed at least annually. To
be eligible, a broker/dealer must meet at least one of
the following criteria: 1) be recognized as a Primary
Dealer as defined by the New York Federal Reserve
Market Reports Division; or 2) complies with
Securities and Exchange Commission Rule 150-1,
the Uniform Net Capital Requirement Rule. If the
City's depository bank also provides custodial and
safekeeping services for the City, the bank may not be
included as an authorized broker/dealer for the City.
However, non-negotiable Certificate of Deposits are
exempt from this policy.
Broker/dealers will be selected and recommended to
the investment committee by the Director on the basis
of their financial stability, expertise in cash
management and their ability to service the City's
account. Each broker/dealer that has been authorized
by the City shall be required to submit and annually
update a Broker/Dealer Information Request form
which includes the firm's most recent financial
statements. The Director shall maintain a file which
includes the most recent Broker/Dealer Information
Request forms submitted by each firm approved for
investment purposes. A copy of the submitted
Broker/Dealer Information Request forms as well as a
list of those broker/dealers approved by the City shall
be maintained by the Director (See Appendix A).
The City of Wylie will provide all approved securities
dealers with a copy of the City's Investment Policy. A
principal in the firm must execute a written statement
acknowledging receipt and review of the policy and a
statement acknowledging that reasonable procedures
and controls have been implemented to preclude
imprudent investment activities being conducted
between the entity and the securities firm (See
Appendix B).
All approved broker/dealer firms must have a
completed City of Wylie broker/dealer questionnaire,
investment policy, written acknowledgment per above
guidelines, executed master repurchase agreement, if
applicable, and current financial information on file.
Certification language should be mutually acceptable
to both parties. An investment officer of the City may
not buy any securities from a person who has not
delivered to the City an instrument substantially in the
form provided by this policy.
The Director shall review the quality of service and
financial stability of each broker/dealer and financial
institution approved under this Section at least
annually. Any approved broker/dealer or financial
institution may be removed from the list of approved
broker/dealers with the approval of the Director, if in
the opinion of the Director, the firm has not performed
adequately or its financial position is considered
inadequate.
XII. SAFEKEEPING AND CUSTODY
Investment securities purchased for the City will be
delivered by either book entry or physical delivery and
shall be held in third -party safekeeping by a Federal
Reserve Member financial institution designated as
the City's safekeeping and custodian bank. The City
may designate more than one custodian bank. The
City shall execute a Safekeeping Agreement with each
bank prior to utilizing the custodian's safekeeping
services. Only a state or national bank located within
the State of Texas may be utilized as a custodian of
securities pledged to secure certificates of deposit.
The safekeeping agreement must provide that the
safekeeping bank will immediately record and
promptly issue and deliver a signed safekeeping
receipt showing the receipt and the identification of
the security, as well as the City's interest.
The Director shall maintain a list of designated
custodian banks and a copy of the Safekeeping
Agreement executed with each custodian bank.
The City must approve release of securities in writing
prior to their removal from the custodial account. A
telephone facsimile of a written authorization shall be
sufficient if the custodian orally confirms receipt of
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1111012026 Item E.
.,ITY E y k,
INVESTMENT POLICY
the transmission and an exact copy of the document is
retained in the City's files. In no event shall the
custodial bank be an authorized depository bank,
issuer of repurchase agreements in which the City
invests or broker/dealer of securities on behalf of the
City.
All securities shall be confirmed in the name of the
City and delivered to an approved custodial bank or
carried at a Federal Reserve Bank in the name of the
City. The Custodian shall not otherwise deposit
purchased or pledged securities. All book entry
securities owned by the City shall be evidenced by a
safekeeping receipt issued to the City and signed by
the appropriate officer at the custodian bank stating
that the securities are held in the Federal Reserve
System in a CUSTOMER ACCOUNT naming the
City as the "customer." In addition, the custodian bank
will, when requested, furnish a copy of the delivery
advice received by the custodian bank from the
Federal Reserve Bank.
All certificated securities (those transferred by
physical delivery) shall: 1) be held by an approved
custodian bank or any correspondent bank in New
York City approved by the Director; and 2) the
correspondent bank or the City's safekeeping bank
shall issue a safekeeping receipt to the City evidencing
that the securities are held by the correspondent bank
for the City.
The original safekeeping receipt for each transaction
including purchased securities under a repurchase
agreement and collateral securing deposits will be
forwarded to the Director or his designee and held in a
secured file by the City.
A record shall be maintained of all bids and offerings
for securities transactions in order to ensure that the
City receives competitive pricing. All transactions
shall be documented by the person authorizing the
transaction in a form that shows that person's name,
the party instructed to execute the transaction, the date,
a description of the transaction and a brief statement
of the reason(s) for the transaction.
At least annually, the Director shall verify that all
securities purchased by or pledged to the City are on
hand in appropriate form. The City, in conjunction
with its annual financial audit, shall perform a
compliance audit of management controls on
investments and adherence to the City's established
investment policies.
Each depository of the City's funds shall maintain
separate, accurate and complete records relating to all
deposits of the City's funds, the securities pledged to
secure such deposits and all transactions relating to the
pledged securities. Each approved custodian shall
maintain separate, accurate and complete records
relating to all securities received on behalf of the City,
whether pledged, purchased or subject to repurchase
agreement, as well as all transactions related to such
securities. In addition, each depository shall file all
reports required by the Texas State Depository Board.
Each depository and custodian shall agree to make all
the records described in this paragraph available to the
Director or designee and the City's auditors at any
reasonable time.
All broker/dealers, custodians, depositories and
investment advisors shall maintain complete records
of all transactions that they conducted on behalf of the
City and shall make those records available for
inspection by the Director or other representatives
designated by the City Council or City Manager.
All sales of securities for less than the book value of
the security shall be approved by the Director. Sales
of securities for less than 92 percent of the book value
of the securities must be approved by both the City
Manager and the Director.
A monthly investment report shall be prepared by staff
and signed by the Director, listing all of the
investments held by the City, beginning and ending
market value for period, the current market valuation
of the investments and transaction summaries,
including a detailed list of the gains and losses
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1111012026 Item E.
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INVESTMENT POLICY
recognized. The market value will be determined by:
(1) written reports such as the Wall Street Journal; (2)
on-line services such as Bloomberg; or (3) through a
primary dealer or national bank that is independent of
the specific security being valued. The report must
state the pooled fund group for each asset/security.
The report shall list the total investment return for the
month. If invested in securities, the City's audit firm
must review the monthly reports annually and the
result of the review shall be reported to the City
Council by that auditor.
Within 90 days after the end of the City's fiscal year,
the Director shall prepare, sign and deliver to the City
Manager and the City Council an annual report on the
City's investment program and investment activity
which has also been signed by each officer and
employee of the City authorized to conduct any of the
City's investment activity. The annual report shall
include full year investment returns. Such annual
report shall include an analysis of the compliance with
this Policy as well as changes in the applicable laws
and regulations during the previous year and may
include any other items of significance related to the
investment program. The annual investment report
will be reviewed as a part of the annual audit.
/X LTA 911 a 101111 D1,I &I
Officers and employees of the City involved in the
investment process shall refrain from personal
business activity that involves any of the City's
approved custodians, depositories, broker/dealers or
investment advisors. Employees and officers shall not
utilize investment advice concerning specific
securities or classes of securities obtained in the
transaction of the City's business for personal
investment decisions, shall in all respects subordinate
their personal investment transactions to those of the
City, particularly with regard to the timing of
purchases and sales and shall keep all investment
advice obtained on behalf of the City and all
transactions contemplated and completed by the City
confidential, except when disclosure is required by
law.
An investment officer of the City who has a personal
business relationship with an organization seeking to
sell an investment to the City shall file a statement
disclosing that personal business interest. An
investment officer who is related within the second
degree by affinity or consanguinity to an individual
seeking to sell an investment to the City shall file a
statement disclosing that relationship. A statement
required under this subsection must be filed with the
Texas Ethics Commission and the governing body of
the City.
XV. POLICY REVISIONS
This Investment Policy will be reviewed at least
annually by the City Manager, the Director of Finance
and the Assistant Director of Finance and revised
when necessary. All revisions shall be approved by
the City Council.
El
1111012026 Item F.
Department
Prepared By:
Wylie Police Department Account Code:
Tommy Walters
Wylie City Council
100-5211-56040
and act upon, an Interlocal Agreement with Collin County, Texas for Jail Services, and authorizing the Interim
to execute any necessary documents.
to approve the Item as presented.
iproval of this Interlocal Agreement will continue to provide ongoing Jail Services for the confinement of persons accused
convicted of a class "C" misdemeanor or other violation of a municipal ordinance at the Collin County Detention Facility
,ounty Jail") with specific needs that the Wylie Police Department Detention Center ("WPD") is unable to address.
xamples of inmate needs that WPD is unable to support include, but are not limited to, evaluation and treatment of medical
3,re, substance abuse, or behavioral health.
Iollin County operates the County Jail under Chapter 351 of the Local Government Code and Title 37 of the Texas
Ammistrative Code, and the Wylie Police Department desires to continue partnering with Collin County, Texas for Jail
ervices as outlined in the Agenda Attachments.
recommends approval of an Interlocal Agreement with Collin County, Texas for ongoing Jail Services, through and
ling September 30, 2027, as authorized by Texas Government Code Chapter 791, the "Interlocal Cooperation Act."
s approval will authorize the Interim City Manager, or their designee, to exercise subsequent renewal options annually
additional one-year periods at the rates established and agreed upon by both parties each renewal year.
of Wylie No. W2027-006
�J
1111012026 Item G.
Department
Prepared By:
Wylie Municipal Court
Lisa Mangham
Account Code:
Wylie City Council
insider, and act upon, the approval of an Interlocal Agreement between the Texas Department of Public Safety and the
Wylie, Texas, authorizing the Interim City Manager or designee, to sign any and all documents.
to approve the Item as presented.
Texas Department of Public Safety ("DPS"), Driver License Division, is transitioning court conviction reporting from
current paper and SFTP electronic file submission processes to a new, secure web -based portal known as the Texas
eviction Reporting ("TXCR") system.
l is legislatively required to apply all court -reported convictions to a driver's record within seven days of final disposition,
Texas courts collectively transmit more than 180,000 conviction records to DPS each month.
notified the Municipal Court that, effective January 1, 2027, all final convictions sent to DPS for processing must be
nutted through TXCR. Submission through TXCR requires that a TXCR Interlocal Cooperation Contract (the "Contract")
be executed between the contracting court or authority and DPS.
'S has further advised that all contracting parties must have a new Contract on file by December 31, 2026. DPS will provide
Bess to TXCR at no cost to the City (Contract, Section IV). The Municipal Court is required to report qualifying convictions
DPS under Chapter 543, Subchapter C, Texas Transportation Code, including the seven-day reporting deadline set forth
Section 543.203.
agreement is effective on the date of execution and will not expire except upon written request of either party with 30
dar days' written notice. This agreement may only be amended by mutual written agreement of the parties.
ty of Wylie No. W2027-01.2
�J
11110120261tem H.
Department:
Prepared By:
Wylie City Council
Purchasing Account Code: 100-5211-58510
Chris Rodriguez
onsider, and act upon, the approval for the purchase of four (4) vehicles for the Police Department in an estimated amount
194,100 through a cooperative purchasing agreement and authorizing the Interim City Manager to execute any and
ecessary documents.
to approve the Item as presented.
Wylie Police Department (PD) seeks approval to purchase the following for an estimated $194,100 from Caldwell
,,rolet through a cooperative purchasing agreement with Buy Board 724-23.
Three (3) 2027 Chevrolet Tahoe PPV 9C1 — Replacement of three Chevrolet PPV Tahoes currently in-service
The three Chevrolet PPV Tahoes being replaced will be taken out -of -service and sent to auction when the replacemen
vehicles are placed in-service.
One (1) 2027 Chevrolet Equinox 1PT26 — Replacement of one (1) Chevrolet Impala. The replaced Impala will
taken out of service and sent to auction when the replacement vehicle is placed in-service.
City is authorized to purchase from a cooperative purchasing program with another local government or a local
nization pursuant to Chapter 791 of the Texas Government Code and Section 271 Subchapter F of the Local t
and, by doing so, satisfies any State Law requiring local governments to seek competitive bids for items.
recommends the purchase of these vehicles from Caldwell Country Chevrolet for the Police Department through
!rative purchasing agreement with Buy Board, and direct the Interim City Manager, or the Interim City Manager'
see, to execute all necessary final agreements. This action is essential to ensure timely delivery of vital resources ani
ain continuity of the City's emergency response capabilities.
E
1111012026 Item I.
Department: Public Works
Prepared By: Lavonte Childs
Wylie City Council
Account Code: 100-5411-54810
onsider, and act upon, approval of an agreement with Vertosoft, LLC, for the procurement and implementation of OpenGov
nterprise Asset Management Software, including Asset Management, Facilities, Parks & Recreation, Signals, Stormwater,
ransportation, Walkability, Wastewater Collection, Water Distribution, and 811 Integration modules. The initial contract
arm is $179,831.98, with annual subscription increases of 5% over the subsequent contract years, and authorization for the
iterim City Manager to execute all necessary documents.
to approve the Item as presented.
)proval is sought to approve an agreement with Vertosoft, LLC, for OpenGov Enterprise Asset Management Software
rough the Texas Department of Information Resources (DIR) Cooperative Purchasing Contract No. DIR-CPO-5327. The
ftware will support the Public Works, Fleet, Facilities, and Parks and Recreation departments.
the City's infrastructure, facilities, and operational demands become increasingly complex, it is essential to implement a
tralized asset management software solution that improves operational efficiency, optimizes resource utilization, reduces
)onse times and errors, automates manual processes, enhances reporting and analytical capabilities, and improves customer
vice. The software will provide the City with improved visibility into its assets, maintenance activities, and infrastructure
ds, allowing for more effective lifecycle management, cost control, and delivery of municipal services.
he OpenGov solution includes the Asset Management Base Bundle, Facilities, Parks & Recreation, Signals, Stormwater,
ransportation, Walkability, Wastewater Collection, Water Distribution, and 811 Integration modules. The agreement also
icludes professional services for software deployment, configuration, implementation, and training.
initial contract term is estimated at $179,831.98, which includes software subscription costs, implementation services,
estimated reimbursable travel expenses. Subscription costs for subsequent contract terms are structured as follows:
• Second Term: $110,197.00
• Third Term: $115,706.86
• Fourth Term: $121,492.20
• Fifth Term: $127,566.82
iption pricing reflects an annual increase of approximately 5% beginning with the third contract term.
ff recommends approval of the purchase of OpenGov Enterprise Asset Management Software through Vertosoft, LLC,
izina Texas Department of Information. Resources (DIR) Cooperative Purchasing Contract No. DIR-CPO-5327, in the
�J
1111012026 Item I.
initial estimated amount of $179,831.98, with subsequent annual subscription increases as outlined in the agreement, and
authorization for the Interim City Manager to execute all necessary documents.
'W2027-11/DIR-CPO-5327)
�J
11110120261tem J.
Department
Prepared By:
Community Development
Jasen Haskins
Account Code:
Wylie City Council
sider, and act upon, a Preliminary Plat of Lots 1-8, Block A of the Wylie Hooper Addition, creating seven c(
and one open space lot on 15.485 acres generally located at the southwest corner of FM 544 and Hooper Road.
to approve the Item as presented.
: Texstone Partners
APPLICANT: Golden Land Surveying
he applicant has submitted an amended Preliminary Plat to create Lots 1-8, Block A of the Wylie Hooper Addition. The
roperty is generally located on the southwest corner of FM 544 and Hooper Road. The purpose of this plat is to amend a
reviously approved Preliminary Plat by adding 2.315 acres to the previously approved 13.17-acre development (PD 2025-
1) for a commercial multi -lot planned development. The change only affects Lot 8, Block A of the Wylie Hooper Addition
y increasing it from 2.44 acres to 4.75 acres, adding additional property located to the west of the original property.
P&Z Commission approved the site plan for Lot 8, Block A, of the Wylie Hooper Addition in October 2026 for two
nercial buildings with a combined building area of 20,283 square feet.
amended plat shall be required for Lot 8, Block A of the Wylie Hooper Addition for the dedication of fire lane access and
Gty easements prior to a Certificate of Occupancy being granted for the two commercial buildings. The development will
accessed via a fire lane access easement that loops around both structures, with a single access point from FM 544.
plat is technically correct and abides by all aspects of the City of Wylie Subdivision Regulations. Approval is subject to
itions and alterations as required by the City Engineering Department.
City Council must provide a written statement of the reasons for conditional approval or disapproval to the applicant in
rdance with Article 212, Section 212.0091 of the Texas Local Government Code.
Commission voted 6-0 to recommend approval.
�J
11110120261tem J.
m
®
M
PRELIMINARY PLAT
d
WYLIE HOOPER
Lots 1-8, Block A
15.485 Acres, Being 8 Commercial Lots,
Being a part of the William Sachse Survey, Abstract No. 835
in the City of Wylie, Collin County, Texas
_ = a r
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t
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aso,asW,R-,, .,��
LEGAL DESCRIPTION
WYLIE HOOPER
Lots 1-8, Block
15.485 Acres, Being 8 Commercial Lots,
Being a part of the William Sachse Survey, Abstract No. 835
in the City of Wylie, Collin County, Texas
Prep — By
LAND SURVEYINS
,roie Pvm, ( ) -1011 aa.i nor@1^'°1-11
Date of Preparation 09/302026 lob No. 252056 Sheet 1 Of 2
IN
11110120261tem J.
OWNER'S CERTIFICATE AND DEDICATION
srn of
1
s fate) me owner(:) ora u.ass acre naa of land stua�n
nveyw m
nveimn eo �crr3 le c� orbom ano wm�9m.rdata�mom m
nvxasfo.v. a.cc.rx.), auofe rz�nm z.aze acre hedor;ena,
erxlroMarr F.O 60120oo023t35o
nveyed to InllmD,uC'n Oocumenr ep
e ClryofNyile Collin Cnunry,'i'erzs. Saltll2.6Y acres being more
y al'a bb-5%+nrh Iron p!n forme Northwest mmel1, 11", oars, he3�rq In ,M1esou@ line orle 11 ryarizble
141.94 feet rvarol�M l/255 numsp56 sttonds kastwrm Clrewmmon erne 1fm11reaa,1 h.M SA,atlutanrn of
Thl— Nornn 89 tle9 ear 26 minutes 9(r seconds Easf unto the.kum lure off MS ,e0utenre of ]S.00 het fnaluund
11 Ell
tb
tea found lt/2l, rr p n mnoembnars5oum 39 degees, mrnums
9a5.6] fee and 1/Z -rch iron pin. d 6ea. A8 degre¢ I Iry 2.. ervn6 E i e d fan e o
win 85 degrees,G mmuta ze se:ondr fast inn g rfM. rsbnce of133.a feeiroe Nund
I/2-Indrs'mn pm.
a pome at Ne bsj�engnoa a,rvo ro 21 sb-1,9 [ho Soum H- ePr.M.599,adumrrce ofllm
6.a1 (mt
d ramfe�'beMxen the Soutlr line of F.M, 59a and lfe Eas[WesYlrneof p Road tearable
wrtlm pu6l ,q fwaY),
n s Gast.. a dlstanw of 3]]11 ket m a fund 11-NrA Imo pin at rha
mbe�per Indus Mal vaM, a su drvrson ofremN m (36me[F
ou ntv Tea�PM1e foliow4q mree M) �)psrorortn 89uoegrees as M1min ivs 'i.ssnnas Wwere, a aa of4a11111 raenetdtrdoalsa
2ice43 iaavnhIPmt�amr;lrenoedoc d]r
m12mM
n—vIbb—, 52 -NNm
rn�nr�aai pii�nnne,rz-loin inn
ml�ueesdEasc a'd%,m�uo i rpi�r a
as m�of mmuta� Pbsnwma wwtwnen np wlm rna Nu,bmnmmaulpe,maratal�mty
r,ndmraon pr,eCpmm 9mr,me ¢ v,gage za pa, e�ma comp Cuniv
roapa e I,III—, ro �a111 sis,'m5w�np�mr��o ceTnmN rtnesa : ss'anmu�ibres�es'eaddi«—o,;, �Peieet
5 pe eremn,asubm��run ufrewmr,r cuwm�t Nn. mogo6�9o�oo0,.�o orf�nal Pumr�ae<nms cuurn��`ry leas.
er
me C2y]oiwyny Cahn county, Tex
d gs o, Wac du
e CIN-- I of the Gry of Nryle, M amyeasemene ma Rb
(Fa by 11- ut g mate 1-P rd C,y y use It
by City olwyil, 11 public utft ontRlossNii navo me nghtm ronlovo and kwp rmmoyci all orpa,ts ofany bulltlings,
IL, oaf open
ee,mnng,malbMlmpp,,mdmg a mmras, and amnn to prw,nownga or bmery ar anv nine pv«vrtng pwmissan rrom anyone. Tlu par approveusun xi In anp"'N
orerna e, eq bonsand,esomrvons of mearyor wylle, re.�s.
wvsm,wd b, davof----- ay
couNev )
,aNumn vumr uunry an sins, nn mis
�neriye.+ro me Ina, b,ly—,uen me and deep m. ena ores a.m
wyeemm .a,
My comm :mo day of m_ mura,ypub.
KNOW ALL MEN BY THESE PRESENTS:
,_"c SMAHOMM
ou, and 511o, on ins dby 2026,
Irar my nfwwm,'reae o h
Mato., mY of wrlh, real care
airy Se e C b, of bVylle, 'fax
'e
_subdvrsr he CN e Cry, y, w.ttm:r
cnvaF>�r�r,�'r�e.
NOTES
a raa nrnlabnn of oiv ommanw ana s�m,awa.m langwz m nnaa
WYLIE HOOPER
Lots 1-8, Block A
15,485 Acres, Being 8 Commercial Lots,
Being a part of the William Sachse Survey, Abstract No. 835
in the City of Wylie, Collin County, Texas
Prevared ey
GOLOEN
LAND SURVEYING
9,3, ma Ur,oManoma,i]]9
pr6
r_lepdn`,(4151e 111;a1,° no��,nmenl,cnm
Date of Preparation 913012026 Job No. 252056 Sheet 2 Of 2
IN
1111012026 Item K.
Department
Prepared By:
Community Development
Jasen Haskins
Account Code:
Wylie City Council
ler, and act upon, a Final Plat of Compton Addition establishing one residential lot on 3.189 acres, located at 1201 E
Road and 720 S. W.A. Allen Boulevard.
to approve the Item as presented.
: Daniel Reed Compton
APPLICANT: Premier Surveying LLC
ie applicant has submitted a Final Plat for Compton Addition, establishing one residential ot on 3.189 acres. The property
zoned within Planned Development 1.993-29 and allows for the proposed residential use by right.
previous Final Plat, which subdivided the land into two lots, was approved by the City Council in August 2026 and was
ver filed.
new single -lot layout is preferred by the property owner due to it being more beneficial to market the land as a single
)erty compared to the previous two -lot proposal.
plat includes approximately 10,900 square feet located at the northeast corner of Stone Road and S. W.A. Allen
devard that the property owner acquired through a right-of-way abandonment approved by the City Council in June 2026.
plat is technically correct and abides by all aspects of the City of Wylie Subdivision Regulations. Approval is subject to
itions and alterations as required by the City Engineering Department.
City Council must provide a written statement of the reasons for conditional approval or disapproval to the applicant in
)rdance with Article 212, Section 212.0091 of the Texas Local Government Code.
Commission voted 6-0 to recommend approval.
�J
1 1111012026 Item K. I
STATE .1TEXAS'.
COLLIN COUNTY'.
LET Il I OMIT111 and 1HICS1 I
I11,11, 1et" Et" I I ,, HtLI 1-tIlL , 1-1 to 1),
Sh-5 (,old-Co
�111�1111 " -t'EL .1 111�lll--, - RH50001-2-, Offi-11 11,,blt, O-E,
I I -d 11 11 1-, earl d ITL -t- 1,, 2111P I 11.
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T-I 1-- 1 11 M k 1 ') ffia (:Lnf
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TH-1 ,ti. ,I lettll I It- I -E L.I 1 -1 ,,L l-,
Al., T- ton agm„e rot):
Tlb. I -d -1 -- E,-- ,1 211 11 fca, having
1-d d.,,,-, oT P.Th 11' It o 12-i od (pond at
I,1- ,I,commi 1,111 -1,, ,1532Dter
I I R- -d 'E ,, I euf SS.(" I
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1 1""11112 1111H061111 11 1, 1,,
IIIC II ' "'I-
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It, 111- 1 t, -1.- 0 ` 171, M.,
h, - Sp tt,g-1, - -1 f,,t,d
flfi, <n i l- ,I -d C-E,,t, I.El ((12i(LE116432-1) d sue
Ih 1 ptittiugl"1 "Et" A 11 H,, 11 U, 1,
k. ,,1 1111- IT1111 lh- 1, It, , ,, I I I
atu
'I ''t, I E,
d 'E"t, ItH[ d,,,, ,1 4 12 29 1 1 1 lb,
TI S111tIh 05' 07 44 B ,I L-- 1 -1, 1 1 ,1 1--E t,l 112 111 reel
I mci IoiL -1 co it- 11 1- aria,1 -d lll,
1,11,11LI111
said h'oa and bciab nall�c afoTvsaid nuTth line of I; Stone Road:
ThenmhE, 1, It, �11 1 l-, te Ol I- "o,", -d 11, lt,t, 1 1,
T- 1 --11 11 F,,-1t-t-,,1 llilll--, 1 2,l,,1 . ...... ,1 1,ut,,[,
TI 13 (1? 1 I,El- 0120 21 111, .11110 IIIE ll--E t-oti I
.SE)-1 d11 inch iron and f nd,
ThwisN )1 12 1 91 H,I d-gelan11, 1,- 1, 1 2-t-
,I afamsti 1I iisI 1211211LIT-
1E7, -1 th,h
121010115(111) 1,tll LT-EI Lot l;
Thole ,111lil' 141 31 011 'Lll'E' 1-1 110TIL IhTE 10 till POINT
OF EFLI-Iii 111tII-Ittl, 13,K1121 fc '1 .1- ,1 1-iJ
NOW THEREFORE, KNOW ALL MEN BYTIIESE PRESENTS
Th, DANIEL REED COMIPTON and SHERRY COMPTQN d.. h-by RTfy and adopt
splat d-g-Hg the hero,, I,- d- bed
--ty ,,,
COMPTON ADDITION,
I rte of
, " , T, - IT" does 11-1y 1"I 1t' .1 "1 I'll I'll
I ...N
. It pttt, 11,�-, 1-1,111 lEL BE..
lTd 1,dt-tEt, er ITE ll- cr dl "I'll
mbn
i"t"', Nry rt10 iniicutcd an this P111
H-1 up
bellh, � p
IL"P, - Et"I", -Eltltl
5.
dci
nw b,,- b-y`
6 lb, 11l, ft 1, --E I-P mat r pone of cop'
t-,- T- _an,a ll -H,
7 ltAH., Itl,l- sk.I1
T11fp. iSpc,t-- i
E11t1111'%" Ell "I ad by eeF 'llv for the
cm 1- IP II -EN- "N.,-, V, L
11,, 1, ot "T .... . .....
II, Catlin shall hayed hill .1 R-,deL css I,, lda
t,- -i
fpp"t
I� Ali coed,fi-,,,t, to E,,t, is he b) c. ie Pf ("tht,
,,, , "1 1, 101 "("t"',
E. STONE ROAD
Ol-L- Ty 1,,,,d, I - he _ d,y ,f_, 2021 (VARIABLE WIDTH R,O W)
SU.SCII AND 11 011 HI Di ItAlk Hit I HE -d- or
, 1021,
N-
I,, II f"T "llf ..... ...... ... E f"It"I'l
IRS 1111 ItIll 11, 111111L,J "IRF-LD 1- LY1113"
11 - I I S, ( ou I "T, I I
0 P R ( C T - I P,thl.,, I ( OT,, C..-, Tu-
1111012026 Item L.
Department
Prepared By:
Community Development
Jasen Haskins
Account Code:
Wylie City Council
sider, and act upon, a Final Plat being a Replat of Lots 7 and 8 of Wylie Ranch East Commercial Park, First Revision, to
to Lot 8R, Block A of Wylie Ranch East Commercial Park, Second Revision, on 2.228 acres, property located at 2207
2209 N. State Highway 78.
to approve the Item as presented.
WNER: SCSD-FINNELL LTD
APPLICANT: KFM Engineering & Design LLC
he applicant has submitted a Replat to create Lot 8R, Block A of Wylie East Commercial Park Second Revision on 2.228
;res generally located at 2207 and 2209 N. State Highway 78 for the development of a health club. This property is located
ithin the Kreymer Retail Planned Development (PD 2023-18).
purpose of this request is to combine Lots 7 and 8 of Wylie East Commercial Park First Revision to create a single lot
the development of a health club.
site plan for the health club was approved by the P&Z Commission in October 2026.
Replat maintains the same fire lane, access and utility easements from the previous plat. Access to the site is provided
i State Highway 78 and Kreymer Lane with the use of mutual access easements that are tied to the Kreymer Retail Planned
-lopment (PD 2023-18)
plat is technically correct and abides by all aspects of the City of Wylie Subdivision Regulations. Approval is subject to
itions and alterations as required by the City Engineering Department.
City Council must provide a written statement of the reasons for conditional approval or disapproval to the applicant in
rdance with Article 212, Section 212.0091 of the Texas Local Government Code.
Commission voted 6-0 to recommend approval.
�J
1111012026 Item L.
E III
FINAL PLAT o 0
WYLIE RANCH EAST
COMMERCIAL PARK
SECOND REVISION
LOT..
PRELIMINARY roe +ou oe nPPxo�n� _PLAT _
FOR REVIEW PURPOSES ONLV ,...A11111AITNI III
KFMi wix uEs oh
L