11-22-2010 (WEDC) Minutes Minutes
Wylie Economic Development Corporation
Board of Directors Meeting
Monday, November 22, 2010 — 8:00 A.M.
Wylie Economic Development Corporation
108 C West Marble —Wylie, Texas
CALL TO ORDER
Announce the presence of a Quorum
President Fuller called the meeting to order at 8:00 a.m. Board Members present were: Mitch Herzog,
John Yeager, Todd Wintters, and Chris Seely.
WEDC staff present was Administrative Assistant Gerry Harris.
CITIZEN PARTICIPATION
There being no citizen participation, President Fuller proceeded to Action Items.
ACTION ITEMS
ITEM NO. 1 — Consider and act upon the purchase of 1.33 acres from SAF-Holland USA, Inc.
With the absence of the WEDC Director, Ms, Harris explained that while the purchase of the Holland
property was discussed multiple times within Executive Session, the Board failed to (1) formally
approve the purchase of 1.33 acres from SAF-Holland USA, Inc. in the amount of $225,000, (2)
authorize the escrow of $50,500 for the relocation of SAF-Holland improvements, and (3) authorize
President Fuller to execute all documentation necessary to effectuate the transaction.
MOTION: A motion was made by Todd Wintters and seconded by Mitch Herzog to
approve the purchase of 1.33 acres from SAF-Holland USA, Inc, in the amount
of$225,000, authorize the escrow of$50,500 for the relocation of SAF-Holland
improvements, and authorize President Fuller to execute all documentation
necessary to effectuate the transaction. 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 8:03 a.m.
Marvin Fuller, President
ATTEST:
Samuel D.R. Satterwhite
Executive Director