06-24-2010 (WEDC) Minutes Minutes
Wylie Economic Development Corporation
Board of Directors Meeting
Thursday, June 24, 2010— 11 30 A.M.
Inwood National Bank — Conference Room
200 South Highway 78 — Wylie, Texas
CALL TO ORDER
Announce the presence of a Quorum
President Fuller called the meeting to order at 11:30 a.m. Board Members present were: John
Yeager, Mitch Herzog, Todd Wintters, and Chris Seely,
WEDC staff present was Executive Director Sam Satterwhite.
Ex-officio member Mayor Eric Hogue was present,
CITIZEN PARTICIPATION
There being no citizen participation, President Fuller proceeded to Action Items,
ACTION ITEMS
ITEM NO. 1 — Consider and act upon approval of the June 18, 2010 Minutes of the WEDC
Board of Directors Meeting.
MOTION: A motion was made by Mitch Herzog and seconded by John Yeager to
approve the June 18, 2010 Minutes of the WEDC Board of Directors
Meeting. The WEDC Board voted 5 — FOR and 0 — AGANST in favor of
the motion.
ITEM NO. 2 - Consider and act upon issues surrounding the FY 2010 — 2011 WEDC
Budget.
Staff presented a second draft of the FY 2010 — 2011 WEDC udget for consideration. Based
upon direction from the Board, staff presented the financial impact of relocating WEDC offices.
Staff proposed office space located at 303 South Jackson being developed by Pulliam Properties.
2,000 square feet is available at a monthly cost of S3,000. Staff proposed that the WEDC and
Chamber of Commerce continue to office at the same location. The WEDC/Chamber currently
occupy 1,200 square feet.
Board members Herzog and Yeager were concerned about the cost which would increase from
S1,100 monthly to 52,000 in the first year of the lease and S1,500 in year two based upon the
Chamber paying 51,000 in year one and S1,500 in year two.
Board Members Wintters and Fuller believed that an annual increase of S10,800 and S4,800
respectively (year two) was a relative small amount to provide upgraded office space for the
WEDC and a more private office environment. Staff had provided a schematic of the offices
WEDC—Minutes
June 24, 2010
Page 2 of 2
showing that while the Chamber and WEDC would occupy the same offices, there would be a
separate entry for the WEDC. Board member Herzog commented that it is not just the increased
lease cost but startup cost associated with new office furniture, etc.
The Board directed staff to identify all options for office space in Wylie, including staying at the
current location, and place an action item on the July le Agenda.
No action was taken as a result of discussions surrounding the FY 2010— 2011 WEDC Budget.
EXECUTIVE SESSION
The WEDC Board of Directors convened into Executive Session at 12:49 p.m.
I. Consider issues surrounding Project CRI as authorized in Section 551.087 (Economic
Development Negotiations) of the Local Government Code, Vernon's Texas Code
Annotated (Open Meetings Act).
RECONVENE INTO OPEN MEETING
The WEDC Board of Directors reconvened into open session at 1:09 p.m.
Staff recommended to the WEDC Board of Directors that based upon the Work Plan for the
Experimental Road Removal Action at the Chemical Recycling Inc. Site in Wylie, Texas by
Golder Associates on behalf of the Chemical Recycling, Inc. Steering Committee that the WEDC
Board of Directors decline a request to provide a grant to Terra Gen for activities surrounding the
environmental remediation of the CRI site.
MOTION: A motion was made by John Yeager and seconded by Mitch Herzog to
decline a request from Terra Gen to provide a grant for activities
surrounding the environmental remediation of the CR1 site. The WEDC
Board voted 5 — FOR and 0—AGAINST in favor of the motion.
ADJOURNMENT
With no further business, President Fuller adjourned the WEDC Board meeting at 1:15 p.m.
14/111, (1(
Marvin Fuller, President
ATTEST:
Samuel D.R. Satterwhite
Executive Director