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09-08-1992 (WEDC) Agenda Packet DATE POSTED 09/04/92 TIME POSTED 2:00 P.M. MEETING DEVELOPMENT CORPORATION OF WYLIE, INC. TUESDAY, SEPTEMBER 8, 1992 4:00 PM 2000 HIGHWAY 78 NORTH, WYLIE, TEXAS CALL TO ORDER ORDER OF BUSINESS BUSINESS 1 Discuss and Consider Approval of Minutes of September 8, 1992 Regular Meeting of the Development Corporation of Wylie, Inc. 2 Discuss and Consider Treasurer's Report 3 Review and Vote on Master Brake Service, Inc. Loan Request 4 Discuss the Possible Purchase of Land for a Future Industrial Park. 5 Update on American Mold, Inc. Request, Filed with Texas Air Control Board, to increase production 6 Report from Executive Director 7 Other Business: a. Make Decision on Location of Corporate Offices b. Discuss the Need for the Corporation to Rent a Post Office Box c. Discuss Membership in the Texas Industrial Council, Inc. d. Discuss The Executive Director Attending a One Week (11/8 - 11/13/92) Seminar Being Offered by the Economic Development Training Division of the Texas A & M University System e. Discuss Agreement to Furnish Medicare Supplement Insurance Coverage for Executive Director and wife. 8 Recess Open Meeting 9 Convene to Workshop to Discuss Goals and Objectives 10 . Reconvene Regular Meeting 11 Citizen Participation In Accordance With the Open Meeting Act, the Development Corporation will hear comments of Public Interest From Residents of the City of Wylie. Any discussion must be limited to placing the item on a future agenda for further Consideration. 10 Wylie Residents Wishing to Speak Should Limit Remarks to a Maximum of Five (5) Minutes 11 Adjourn NOTICE OF MEETING Notice is hereby given that the Economic Development Corporation Board of Wylie will meet at 4:00 P.M. on the / - day of , 1992 at 2000 Highway 78, North, in the City of Wylie, Texas, for the purpose of considering the above agenda. Anita Collins, Acting City Secretary POSTED THIS THE S - DAY OF , 1992, ATc 0v M. DIRECTORS OF DEVELOPMENT CORPORATION OF WYLIE, INC. MINUTES August 11, 1992 The Directors of the Development Corporation of Wylie, Inc. met in regular session at 4:00 P.M. on Tuesday, August 11, 1992 in the Development Corporation's office at the Municipal Complex. A quorum was present and notice of the meeting had been posted in the time and manner required by law. Those present were Jim Smith, President; James Blakey, Vice President; John Yeager, Secretary Treasurer and members John Tobin and John Mondy. Executive Director Charlie Womack, Mayor John Akin and City Manager Steve Norwood were also present. In attendance from the City Staff was Anita Collins and Barbara LeCocq. Jim Smith called the meeting to order. DISCUSS AND CONSIDER APPROVAL OF MINUTES OF August 11, 1992 REGULAR MEETING : A correction was made - James Blakey not John Yeager made the motion to approve the minutes. With this correction being made John Yeager made a motion that the minutes be approved, seconded by James Blakey. The motion carried with all in favor. DISCUSS AND CONSIDER APPROVAL OF TREASURER'S REPORT: The Treasurer's Report (See attached report at the end of these minutes) reported the following: Balance as of June 30, 1992 $325, 357.71 July Revenues 14,577.02 August Expenses 2,418.00 Petty Cash 455.95 Balance as of July 31, 1992 $337,972.68 James Blakey made a motion that the treasurer's report be accepted as written, seconded by James Blakey. The motion carried with all in favor. OATH OF OFFICE FOR NEW MEMBER: City Secretary Carolyn Jones gave the oath of office to new member John Monday, and reappointed member John Yeager. REPORT FROM EXECUTIVE DIRECTOR: A) Update on Physician's Regional Hospital - Mr. Womack gave the board an update on the hospital financial status. The board inquired if the hospital has any lawsuits - they have one possible lawsuit. B) Update on Master Brake Service, Inc. - Mr. Womack reported on the current status of this possible relocation and they we will be receiving further financial papers from Master Brake Service, Inc. and its' owners. C) Update on Development of New Industrial Site - a report was made on this. RECESS OPEN MEETING: CONVENE TO WORKSHOP TO DISCUSS GOALS AND OBJECTIVES: The board discussed the pros and cons of building a small hotel. Holding a political barbecue to better our political clout was discussed. The board's participation in paying impact fees was a topic of discussion. The board also discussed the various ways the Video could be used. RECONVENE REGULAR MEETING: CITIZEN PARTICIPATION: None There being no other business for discussion a motion was made and seconded that the meeting be adjourned. Minutes of the August 11, 1992, regular meeting approved by the Board of Directors at its meeting on September 8, 1992. Jim Smith, President PREPARED BY : dA-Lj -gL- 6r3-Le_Z,7r) Anita Collins TREASURER'S REPORT ENDING JULY 31, 1992 Ending balance June 30, 1992 $325,357.71 Income: Sales tax revenue $12,420.33 Loan fees (Physicians Reg. Hosp.) 1,250.00 Interest Provident Bank 906.69 Total income $14,577.02 Expenses: Rent-City of Wylie $ 50.00 Salary- C. C. Womack 1,683.00 Training-TEEX Training Division A&M Syatem 95.00 Dues-90 days Wylie Rotary Club 90.00 Funds transfer-Petty Cash Account 500.00 Purchase_C/D Physicians Regional Hospital Loan 120,000.00 Total Expenses and transferred $122,418.00 Ending checking account balance 7/31/92 $217,516.73 Balance C/D #6000017477 Provident Bank, Wylie 120,000.00 Outstanding unpaid check #154 (Texas Business Council 40.00 Reconciled bank balance 7/31/92 $337,476.73 Petty Cash Fund: Transfer from general fund $500.00 Total income $500.00 Expenses: Replace safe lock (Wylie Lock) $ 44.05 Total expenses $ 44.05 Reconciled bank balance 7/31/92 $ 455.95 Tatal deposited funds ending 7/31/92 $337,932.68 Contingent Liabilities: Cash grant: Holland Hitch Corporation $ 28,000.00 Loan guaranty (Physicians Regional Hospital) 120,000.00 Total unavailable funds $148,000.00 Funds available for investments $189,932.68 Ending balance 7/31/92 $337,932.68 TREASURER'S REPORT ENDING AUGUST 31, 1992 Ending balance 7/31/92 Checking account C/D #6000017477 $217,476.73 Petty cash account $120,000.00 Total cash 7/31/92 $ .95 $337,93232.68 Checking account balance 7/31/92 $217,476.73 Income: Sales Tax revenue $17,893. 36 Interest $ 590.25 Sale 10 video tapes $ 60.00 Total income $18,543.61 Expense: Michael Brown Productions, Inc. $ 5,955.00 G.T.E. Southwest, Inc. $ 113. 73 Oakridge Country Club $ 40.05 U. S. Postal Service , $ 29.00 City of Wylie (rent) $ 50.00 City of Wylie (ins.) $ 433.00 Holland Hitch of Wylie, Inc. $28,000.00 C. C. Womack $ 1,683.00 Custom Signs by Rudy $ 55.00 Provident Bank (2nd Quarter tax)$ 906.00 Total expense $37,264. 78 Checking balance 8/31/92 $198,755.56 Petty cash account balance 7/31/92 $455.95 Expense: Western Auto (keys) $ 2. 13 Wylie Printing (supplies) $14.90 Rotary Club of Wylie $30.00 Provident Bank (check chgs.) $68.14 Total expense $115.17 Petty cash account balance 8/31/92 $340.78 C/D #600017477 (7/31/92 ) $120,000.00 Income: Interest Provident Bank $365.90 Total interest $365.90 C/D account balance 8/31/92 $120,365.90 Total cash balance 8/31/92 $319,462.24 Total remaining for investments $199,462.24 * C/D #6000017477 is pledged to Provident Bank, Wylie to secure a Line of Credit for Physicians Regional Hospital. Master Brake Systems, Inc. P.O. BOX 29789 2343 MERRELL RD.SUITE 305 DALLAS,TX 75229 214/2410164 Board of Directors Development Corporation of Wylie,Inc. P.O. Box 428 Wylie, Texas 75098 Ref.: Master Brake Systems, Inc. Gentlemen, The above referenced company is a Texas Corporation domiciled in Dallas. Outstanding common stock is owned by Bill Barnett, Don Lewis and Charles Chessier. Lewis and Chessier own and operate Accurate Automatic Manufacturing Corp. 703 Business Way, Wylie,Texas. The company generates sales in excess of$2,000,000.00 and has a payroll of some forty-one (41) employees. Some three years ago, Mr. Barnett developed a revolutionary vacuum over hydraulic brake system for heavy duty trailers that are used in the trucking industry. The three investors decided to organize the above referenced company to manufacture and market the product nationwide through established distributors. Sales have exceeded all projections and management continues to be optimistic that this trend will continue as efforts are increased to penetrate an additional share of this market. The first year sales,in 1989-1990, were$600,000.00 with an employee work force of five (5). The 1990-1991 year sales increased to $1,500,000.00 with an increase in work force to eleven (11)employees. The 1991-1992 fiscal year ended in June 1992 yielding sales of$1,900,000.00 and an increase of work force to fifteen (15). Sales forecasts for the 1992-1993 year are$2,250,000.00. When the company was organized, a decision was made to rent a 7000 sq. ft. industrial building in Dallas. As sales increase we have been required to increase our current work force to fifteen (15) full or part time employees.-This increase has taxed our ability to meet expanded sales growth and our location will not permit acquiring or enlarging our facilities to meet future sales projections. For this reason, we have decided a move to larger facilities would be in our best interest. We believe the vacant Tarrant Plumbing building in Wylie, with a few modifications, would be adequate to meet our immediate and future needs. The brick and metal building, located on a two (2) acre site,contains 2000 sq. ft. of office space and the remaining 8000 sq. ft. is non-partitioned open work area. A wooden decked storage area has been constructed over the office area. A large concrete paved parking area is provided in front of the building. The remainder of the property is enclosed by a four foot chain link fence. Jane Henry Realtors, Inc. has the property listed for$210,000.00, but we believe an offer of approximately $150,00.00 may receive a favorable response from the current owner. The office space needs a new coat of paint. Two additional offices can be added by partitioning a former showroom. A new electrical service must be installed to operate heavy duty machines and equipment. An air-conditioned assembly area of 1800 sq. ft. must be constructed within the open space. We have received an initial bid from a local contractor to complete the improvements for a total cost of$33,000.00. We request the Development Corporation to consider the purchase of the Tarrant Plumbing building for a price not to exceed$150,000.00 and then advance our company a "cash grant" of$30,000.00 to be spent for renovation purposes. Our corporation would then execute a five year lease with an option to purchase the property at a pre-arranged or negotiated sales price. Your consideration of our request will be appreciated and we shall be happy to furnish financial or other required information,should our application receive a favorable response. Sincerely, Bill Barnett-President DEVELOPMENT CPPOI ATION OF WYLIE MUNICIPAL COMPLI:' 2000 HIGHWAY 78 N( 'fH P BOX 428 214442-ZD6 WYLIE. D 75098 C. C. WOMACK ozamve oa>ccron July 28, 1992 Mr. Bill Barnett, President Master Brake Systems, Inc. P. O. Box 29789 - Dallas, Texas 75229 Re: Purchase Tarrant Plumbing Building Dear Mr. Barnett: Thank you for your interest in our purchasing the above referenced building and then your company executing a term lease with an option to purchase at some pre-determined date. Our board of directors is amenable to explore the possibility of making this a viable contract that will be beneficial for all concerned parties. To begin our negotiations we need the following described information: 1. Year end fiscal financial, profit and loss statements prepared for Master Brake Systems, Inc. for the past two years. 2. An interim financial balance sheet, profit and loss statement dated no later than June 30, 1992. 3 . A copy of the corporation's last two (2) years Federal Income Tax Reports. 4. A twelve (12) month cash flow projection for the corporation. 5. An aging schedule of all account receivables for the past ninety (90) days. 6. A current schedule and status report on all notes, leases- or monthly fixed payment obligations. PAGE 2 of 2 - Barnett July 28, 1992 7. A statement from management or legal counsel that there are no existing lawsuits or any indications there may be future litigation. Mr. Barnett, there is a distinct possibility the principal owners of the corporation will be required to be personally liable on any corporate obligation. If this should be a requirement, then the same financial information as requested from the corporation would be needed from each guarantor. You may not be aware that any loan, grant or lease in excess of fifty thousand dollars ($50,000) must be approved, before funding, by the Directors of the Corporation and then their action ratified by the Wylie City Council. So it is imperative that the information be furnished as soon as possible so negotiations can be finalized before the above referenced building is sold at public auction. We are certainly interested in moving your excellent company to Wylie and we are dedicated to bring your request to fruition as soon as possible. In the meantime you are invited to call me (442-2236) if you have any questions or would like to discuss any terms or covenants that might arise in future negotiations. Sincerely yours, C. C. Womack Executive Director Master Brake Systems, Inc. 2347 Merrell Rd. Suite 201 P.O. Box 29789 Dallas,TX 75229 Ph. 214/241-0164 Fax 214/241-0339 8/12/92 Development Corporation of Wylie Municipal Complex 2000 Hwy.78 north P.O.Box 428 Wylie,TX 75098 Attn:C.C.Womack-Executive Director Dear Mr.Womack, Below is a cash flow projection for our fiscal year 1992,beginning July 1,1992. The projection is based upon trend for our 3 years of operation and factored for projected sales increase for the 1992 year. Particular attention should be noted for purchase of capital equipment for our operation shown in the fourth quarter of calender year 1992. This purchase is somewhat dependent upon the acquisition of the Tarrant Plumbing building during the third quarter of calender year 1992. Otherwise,this purchase will be postponed until suitable facilities will allow placement of the equipment. Past experience has proven,that to sustain our growth,we must continue to increase inventory and purchase capital equipment.The expansion of our operation from the aspect of internal manufacturing is paramount to maximize profits. Also,the capital equipment budgeted during fiscal year 1992 will allow us to pursue a new market for our product due to reduced cost in the manufacturing process.Dexter Axle Corporation, a division of Phillips Industries,has shown an acute interest in purchasing a power brake actuating system for use on class A motor home chassis.Currently,the products used by Dexter Axle are purchased from Midland-Berg Corporation.Midland has shown steady decline in the manufacture of vacuum power brake products for the last decade.This decline has caused close scrutiny from their market analysts and prompted possible shut down of the vacuum brake products from their operation.Since vacuum power brake products are the primary product of Master Brake Systems,Inc.,our objective is to absorb the market in this area by obtaining the Dexter Axle account. This will result in an increase in annual sales of$240,000.00-$400,000.00 for our operation. Sincerely yours, biafrA/ Bill Barnett-President Month Jul Aug Sep Oct Nov Dec Jan Web Mar Apr May Jun Sales 190000 140000 170000 170000 170000 130000 170000 180000 200000 220000 220000 200000 Expenses 165000 135000 135000 135000 135000 125000 135000 135000 145000 175000 175000 165000 Profit 35000 5000 35000 35000 35000 5000 35000 45000 55000 45000 45000 35000 Carryover Ret. Earn. 0 5000 5000 20000 35000 10000 0 10000 25000 35000 35000 35000 Available Cash 35000 10000 40000 55000 70000 15000 35000 55000 80000 80000 80000 70000 Inventory 20000 5000 10000 10000 15000 10000 10000 15000 20000 20000 20000 15000 Capital Eq. 0 0 0 0 35000 0 5000 0 0 0 0 10000 Reduction of Debt 10000 0 10000 10000 10000 5000 10000 15000 25000 25000 25000 25000 Retained Earnings Cash 5000 5000 20000 35000 10000 0 10000 25000 35000 35000 35000 20000 Master Brake Systems, Inc. 2347 Merrell Rd. Suite 201 P.O. Box 29789 Dallas,TX 75229 Ph. 214/241-0164 Fax 214/241-0339 8/12/92 Development Corporation of Wylie Municipal Complex 2000 Hwy.78 north P.O.Box 428 Wylie,TX 75098 Attn:C.C.Womack-Executive Director Dear Mr.Womack, As per your request,the following schedule depicts current status on all notes,leases and monthly obligations for Master Brake Systems,Inc. Note to Ameritex Bank $7875.00/Qtrly.Payments Note to AAMC-Long Term $202871.00 Product Liability Insurance $3012.00/mo. Rent $2376.00/mo. Avg.Utilities $762.00/mo. Employee Accident Insurance $729.00/mo. There are no existing,or pending legal litigations involving Master Brake Systems,Inc. Sincer ly yours, ..27 Bill Barnett-President Customer: Master Brake Systems, Inc Balance Sheet (000) Sheshunoff Information Services, Inc Prepared 8/18/92 RMA 6/30/90 6/30/91 6/30/92 Cash 26,753 11.8% 5,873 1.2% 26,339 4.9% 0.0% Gross Receivables, Trade 103,526 45.8% 149,413 30.6% 156,099 28.8% 0.0% Less Allowance for Bad Debts 0 0.0% 0 0.0% 0 0.0% 0.0% Net Receivables, Trade 103,526 45.8% 149,413 30.6% 156,099 28.8% 0.0% Inventory 82,443 36.5% 295,671 60.6% 315,467 58.3% 0.0% Other Current Assets 0 0.0% 0 0.0% 0 0.0% 0.0% Total Current Assets 212,722 94.1% 450,957 92.4% 497,905 92.0% 0.0% Land 0 0.0% 0 0.0% 0 0.0% 0.0% Buildings 0 0.0% 0 0.0% 0 0.0% 0.0% Machinery and Equipment 8,134 3.6% 12,500 2.6% 28,875 5.3% 0.0% Vehicles and Rolling Stock 0 0.0% 0 0.0% 0 0.0% 0.0% Furniture and Fixtures 0 0.0% 0 0.0% 0 0.0% 0.0% Office Equipment 5,233 2.3% 24,698 5.1% 25,133 4.6% 0.0% Other Fixed Assets 0 0.0% 10,672 2.2% 0 0.0% 0.0% Less Accumulated Depreciation 0 0.0% -10,672 -2.2% -10,672 -2.0% 0.0% Net Fixed Assets 13,367 5.9% 37,198 7.6% 43,336 8.0% 0.0% Investments, Affit. and Subs. 0 0.0% 0 0.0% 0 0.0% 0.0% Prepaid and Deferred Expense 0 0.0% 0 0.0% 0 0.0% 0.0% Intangibles, Net 0 0.0% 0 0.0% - 0 -0.0% 0.0% Other Assets 0 0.0% 0 0.0% _ 0 0.0% 0.0% Total Other Assets 0 0.0% 0 0.0% 0 0.0% 0.0% Total Assets 226,089 100.0% 488,155 100.0% 541,241 100.0% 0.0% - Short Term Notes Payable _ - 0 0.0% 25,000 5.1% - 7,875 1.5% 0.0% Current Maturities, LT Debt 0 0.0% 0 0.0% 0 0.0% 0.0% Accounts Payable, Trade 98,203 43.4% 209,815 43.0% 120,949 22.3% 0.0% Accrued Expenses 0 0.0% 0 0.0% 0 0.0% 0.0% Income Taxes Payable 4,333 1.9% 13,729 2.8% 0 0.0% 0.0% Other Current Liabilities 40,000 17.7% 0 0.0% 0 0.0% 0.0% Total Current Liabilities 142,536 63.0% 248,544 50.9% 128,824 23.8% 0.0% Long-Term Notes Payable 58,000 25.7% 152,871 31.3% 197,943 36.6% 0.0% Real Estate Mortgages 0 0.0% 0 0.0% 0 0.0% 0.0% Other Long-Term Debt 0 0.0% 0 0.0% 0 0.0% 0.0% Deferred Income Taxes 0 0.0% 0 0.0% 0 0.0% 0.0% Other Non-Current Liabilities 0 0.0% 0 0.0% 0 0.0% 0.0% Total Non-Current Liabs. 58,000 25.7% 152,871 31.3% 197,943 36.6% 0.0% Total Liabilities 200,536 88.7% 401,415 82.2% 326,767 60.4% 0.0% Common Stock 1,000 0.4% 1,000 0.2% 1,000 0.2% 0.0% Paid in Capital Customer: Master Brake Systems, Inc Balance Sheet (000) Sheshunoff Information Services, Inc. Prepared 8/18/92 RMA - 6/30/90 6/30/91 6/30/92 Cash 26,753 11.8% 5,873 1.2% 26,339 4.9% 0.0% Gross Receivables, Trade 103,526 45.8% 149,413 30.6% 156,099 28.8% 0.0% Less Allowance for Bad Debts 0 0.0% 0 0.0% 0 0.0% 0.0% Net Receivables, Trade 103,526 45.8% 149,413 30.6% 156,099 28.8% 0.0% Inventory 82,443 36.5% 295,671 60.6% 315,467 58.3% 0.0% Other Current Assets 0 0.0% 0 0.0% 0 0.0% 0.0% Total Current Assets 212,722 94.1% 450,957 92.4% 497,905 92.0% 0.0% Land _ 0 0.0% 0 0.0% 0 0.0% 0.0% Buildings 0 0.0% 0 0.0% 0 0.0% 0.0% Machinery and Equipment 8,134 3.6% 12,500 2.6% 28,875 5.3% 0.0% Vehicles and Rolling Stock 0 0.0% 0 0.0% 0 0.0% 0.0% Furniture and Fixtures 0 0.0% 0 0.0% 0 0.0% 0.0% Office Equipment 5,233 2.3% 24,698 5.1% 25,133 4.6% 0.0% Other Fixed Assets 0 0.0% 10,672 2.2% 0 0.0% 0.0% Less Accumulated Depreciation 0 0.0% -10,672 -2.2% -10,672 -2.0% 0.0% • Net Fixed Assets 13,367 5.9% 37,198 7.6% 43,336 8.0% 0.0% Investments, Affil. and Subs. 0 0.0% 0 0.0% - 0 0.0% 0.0% Prepaid and Deferred Expense 0 0.0% 0 0.0% 0 0.0% 0.0% Intangibles, Net 0 0.0% 0 0.0% 0 0.0% 0.0% Other Assets 0 0.0% 0 0.0% 0 0.0% 0.0% Total Other Assets 0 0.0% 0 0.0% 0 0.0% 0.0% Total Assets 226,089 100.0% 488,155 100.0% 541,241 100.0% 0.0% Short Term Notes Payable 0 0.0% 25,000 5.1% 7,875 1.5% 0.0% Current Maturities, LT Debt 0 0.0% 0 0.0% 0 0.0% 0.0% Accounts Payable, Trade 98,203 43.4% 209,815 43.0% 120,949 22.3% 0.0% Accrued Expenses 0 0.0% 0 0.0% 0 0.0% 0.0% Income Taxes Payable 4,333 1.9% 13,729 2.8% 0 0.0% 0.0% Other Current Liabilities 40,000 17.7% 0 0.0% 0 0.0% 0.0% Total Current Liabilities 142,536 63.0% 248,544 50.9% 128,824 23.8% 0.0% - Long-Term Notes Payable 58,000 25.7% 152,871 31-3% 197,943 36.6% .0.0% Real Estate Mortgages 0 0.0% 0 0.0% 0 0.0% -- 0.0% - Other Long-Term Debt • - 0 0.0% ' 0 0.0% - 0 0.0% 0.0% - _ Deferred Income Taxes _ 0 0.0% - - 0 0.0% 0 0.0% -0.0% Other Non-Current Liabilities 0 0.0% 0 0.0% 0 0.0% 0.0% Total Non-Current Liabs. 58,000 25.7% 152,871 31.3% 197,943 36.6% 0.0% Total Liabilities 200,536 88.7% 401,415 82.2% 326,767 60.4% 0.0% Common Stock 1,000 0.4% 1,000 0.2% 1,000 0.2% 0.0% Paid in Capital 0 0.0% 0 0.0% 0 0.0% 0.0% Retained Earnings 24,553 10.9% 85,740 17.6% 85,740 15.8% 0.0% Current Earnings 0 0.0% 0 0.0% 127,734 23.6% 0.0% Total Net Worth 25,553 11.3% 86,740 17.8% 214,474 39.6% 0.0% Total Liabilities & Net Worth 226,089 100.0% 488,155 100.0% 541,241 100.0% 0.0% Statement Type Internally Prepared Internally Prepared Internally Prepared • Customer: Master Brake Systems, Inc Income Statement (000) Sheshunoff Information Services, Inc. Prepared 8/18/92 12 Months Ended 12 Months Ended 12 Months Ended RMA Master Br3 ake Systems! st ems! Inc. P.O. Box 29789 Dallas,TX 75229 Balance Sheet-06/30/92 End of Fiscal Year 1991 Account# Account Name Current Period ASSETS Current: 1101 Petty Cash 712.00 1102 Cash in Banks 25627.00 1103 Cash Register Fund 0.00 1104 Mktable Securities 0.00 1105 Accounts Receivable 156099.00 1106 Other Receivable 0.00 1107 Inventory 315467.00 Total Current 497905.00 Fixed: 12011 Autos &Trucks 0.00 12021 Furniture &Fixtures 0.00 12031 Office Equipment 25133.00 12032 Accumulated Deprec. (5233.00) 12041 Machinery& Equipment 28875.00 12042 Accumulated Deprec. (5439.00) 12051 Building 0.00 12061 Other fixed assets 10672.00 Total Fixed 64680.00 Deferred Assets: 13011 Organization expense 0.00 13021 Leasehold improvements 0.00 Original investment 0.00 Accumulated Amortization 0.00 Net Value 0.00 1303 Prepaid Expenses 0.00 Total Deferred 0.00 Other Assets: 1401 Deposits 0.00 1402 Long term investment 0.00 . Total Other 0.00 TOTAL ASSETS 562585.00 Master Brake Systems Inc. 2343 Merrell Rd. Suite 305 P.O. Box 29789 Dallas,TX 75229 Balance Sheet-06/30/92 End of Fiscal Year 1991 Account# Account Name Current Period LIABILITIES Short Term: 2101 Accts Payable 137365.00 2102 Notes Payable 7875.00 2103 Accrued Payable 0.00 2104 Taxes Payable 0.00 2105 Other Payroll Payable 0.00 2106 Dividends Payable 0.00 2107 Other Payable 0.00 Total Short Term 145240.00 Long Term: 2201 Mortgages Payable 0.00 2202 Notes payable AAMC 202871.00 2204 Other Long Term Liability 0.00 Sub Total 202871.00 2203 Current L/Term Liab. 0.00 Total Long Term 202871.00 Deferred: 2301 Commit&Contingency 0.00 2302 Deferred Income 0.00 2303 Profit/Instalm. Sales 0.00 2304 Unearned Interest 0.00 Total Deferred 0.00 TOTAL LIABILITIES 348111.00 • Master Brake Systems Inc. 2343 Merrell Rd. Suite 306 P.O. Box 29789 Dallas,TX 75229 Balance Sheet-06/30/92 End of Fiscal Year 1991 Account# Account Name Current Period STOCKHOLDERS EQUITY Capital Stock: 3101 Common Stock 1000.00 3102 Preferred Stock 0.00 Sub Total 1000.00 3103 Treasury Stock 0.00 Total Capital Stock 1000.00 Retained Earnings 85740.00 Current Earnings 127734.00 TOTAL STOCKHOLDERS EQUITY 214474.00 LIABILITIES + EQUITY 562585.00 Master Brake Systems, Inc. 2343 Merrell R . Suite 305 P.O. Box 29789 Dallas,TX 75229 Balance Sheet-06/30/91 End of Fiscal Year 1990 Account# Account Name Current Period ASSETS Current: 1101 Petty Cash 600.00 1102 Cash in Banks 5273.00 1103 Cash Register Fund 0.00 1104 Mktable Securities 0.00 1105 Accounts Receivable 149413.00 1106 Other Receivable 0.00 1107 Inventory 295671.00 Total Current 450957.00 Fixed: 12011 Autos&Trucks 0.00 12021 Furniture& Fixtures 0.00 12031 Office Equipment 24698.00 12032 Accumulated Deprec. (5233.00) 12041 Machinery& Equipment 12500.00 12042 Accumulated Deprec. (5439.00) 12051 Building 0.00 12061 Other fixed assets 10672.00 Total Fixed 37198.00 Deferred Assets: 13011 Organization expense 0.00 13021 Leasehold improvements 0.00 Original Investment 0.00 Accumulated Amortization 0.00 Net Value 0.00 1303 Prepaid Expenses 0.00 Total Deferred 0.00 Other Assets: 1401 Deposits 0.00 1402 Long term investment 0.00 Total Other 0.00 TOTAL ASSETS 488155.00 Master Brake Systems, Inc. 2343 Merrell R . Suite 305 P.O. Box 29789 Dallas,TX 75229 Balance Sheet-06/30/91 End of Fiscal Year 1990 Account# Account Name Current Period LIABILITIES Short Term: 2101 Accts Payable 209815.00 2102 Notes Payable 25000.00 2103 Accrued Payable 0.00 2104 Taxes Payable 0.00 210461 Federal Income Tax 13729.00 2105 Other Payroll Payable 0.00 2106 Dividends Payable 0.00 2107 Other Payable 0.00 Total Short Term 248544.00 Long Term: 2201 Mortgages Payable 0.00 2202 Notes payable AAMC 152871.00 2204 Other Long Term Liability 0.00 Sub Total 152871.00 2203 Current L/Term Liab. 0.00 Total Long Term 152871.00 Deferred: 2301 Commit&Contingency 0.00 2302 Deferred Income 0.00 2303 Profit/Instalm. Sales 0.00 2304 Unearned Interest 0.00 Total Deferred 0.00 TOTAL LIABILITIES 401415.00 Master Brake343 e Systems, Inc. P.O. Box 29789 Dallas,TX 75229 Balance Sheet-06/30/91 End of Fiscal Year 1990 Account# Account Name Current Period STOCKHOLDERS EQUITY Capital Stock: 3101 Common Stock 1000.00 3102 Preferred Stock 0.00 Sub Total 1000.00 3103 Treasury Stock 0.00 Total Capital Stock 1000.00 Retained Earnings 85740.00 Current Earnings 0.00 TOTAL STOCKHOLDERS EQUITY 86740.00 LIABILITIES + EQUITY 488155.00 Master Brake Systems, Inc. 2343 Merrell Rd. Suite 305 P.O. Box 29789 Dallas,TX 75229 Balance Sheet-06/30/90 End of Fiscal Year 1989 Account# Account Name Current'Period ASSETS Current: 1101 Petty Cash 215.49 1102 Cash in Banks 26537.51 1103 Cash Register Fund 0.00 1104 Mktable Securities 0.00 1105 Accounts Receivable 103526.23 1106 Other Receivable 0.00 1107 Inventory 82443.45 Total Current 212722.68 Fixed: 12011 Autos &Trucks 0.00 12021 Furniture& Fixtures 0.00 12031 Office Equipment 5233.00 12041 Machinery& Equipment 8134.00 12051 Building 0.00 12061 Other fixed assets 0.00 Original Value 13367.00 Accumulated Deprec. 0.00 Total Fixed 13367.00 a Deferred Assets: 13011 Organization expense 0.00 13021 Leasehold improvements 0.00 Original investment 0.00 Accumulated Amortization 0.00 Net Value 0.00 1303 Prepaid Expenses 0.00 Total Deferred 0.00 Other Assets: 1401 Deposits 0.00 1402 Long term investment 0.00 Total Other 0.00 TOTAL ASSETS 226089.00 Mast2err Bra elei Systemiteos! Inc. eP.O. Box 29789 Dallas,TX 75229 Balance Sheet-06/30/90 End of Fiscal Year 1989 Account# Account Name Current Period LIABILITIES Short Term: 2101 Accts Payable 98203.00 2102 Notes Payable 0.00 2103 Accrued Payable 0.00 2104 Taxes Payable 0.00 210461 Federal Income Tax 4333.00 2105 Other Payroll Payable 0.00 2106 Dividends Payable 0.00 2107 Other Payable 40000.00 Total Short Term 142536.00 Long Term: 2201 Mortgages Payable 0.00 2202 Notes payable 58000.00 2204 Other Long Term Liability 0.00 Sub Total 58000.00 2203 Current L/Term Liab. 0.00 Total Long Term 58000.00 Deferred: 2301 Commit&Contingency 0.00 2302 Deferred Income 0.00 2303 Profit/Instalm. Sales 0.00 2304 Unearned Interest 0.00 Total Deferred 0.00 TOTAL LIABILITIES 200536.00 Master Brake Sstems, Inc. 2343 Merrell Rd. Suite 305 P.O. Box 29789 Dallas,TX 75229 Balance Sheet-06/30/90 End of Fiscal Year 1989 Account# Account Name Current Period STOCKHOLDERS EQUITY Capital Stock: 3101 Common Stock 1000.00 3102 Preferred Stock 0.00 Sub Total 1000.00 3103 Treasury Stock 0.00 Total Capital Stock 1000.00 Retained Earnings 24553.00 Current Earnings 0.00 TOTAL STOCKHOLDERS EQUITY 25553.00 LIABILITIES + EQUITY 226089.00 Date : 08/12/92 Master Brake Systems, Inc. Page 17 Time : 3:43 PM 2347 Merrell Rd. Suite 201 P.O. Box 29789 Dallas, Texas 75229 Closing Date: 08/12/92 Codes: Sorted by...: Customer Code AGING REP O R T I Invoice P Payment Ranked by... : Customer Code ACCOUNTS RECEIVABLE D Debit C Credit Not Posted F Finance Charge T Discount Taken Invoice No. Date Due Date Code Amount 9999/151 150/121 120/91 90/61 60/31 30/1 0/-9999 T016 TEX TRAIL (915) 563-1745 0000004753 08/05/92 09/04/92 Ix 490.32 490.32 0000004790 08/11/92 09/10/92 I* 224.47 224.47 Total 1733.63 0.00 0.00 0.00 0.00 0.00 128.00 1605.63 0001 UTEC - LAKE CHARLES (318) 433-5361 0000004436 06/16/92 07/16/92 I 457.40 457.40 0000004608 07/15/92 08/14/92 I 138.83 138.83 0000004744 08/04/92 09/03/92 I' 267.40 267.40 ----------- ----------- ----------- ----------- ----------- ----------- ----------- ----------- Total 863.63 0.00 0.00 0.00 0.00 0.00 457.40 406.23 U002 UTEC - LAFAYETTE (318) 235-7534 0000004374 06/09/92 07/09/92 I 590.30 590.30 Total 590.30 0.00 0.00 0.00 0.00 590.30 0.00 0.00 U004 UNITED WELDING SERVICES (904) 584-3448 0000004596 07/14/92 08/13/92 I 278.04 278.04 0000004656 07/21/92 08/20/92 I 278.04 278.04 Total 556.08 0.00 0.00 0.00 0.00 0.00 0.00 556.08 V001 VELVAC, INC. (414) 786-0700 0000004783 08/11/92 09/10/92 I` 5657.26 5657.26 Total 5657.26 0.00 0.00 0.00 0.00 0.00 0.00 5657.26 W003 WILRO, INC. (615) 452-6119 0000004525 07/01/92 07/31/92 I 562.88 08/03/92 P -562.88 0000004669 07/22/92 08/21/92 I 56.38 08/03/92 P -55.37 08/03/92 T -1.01 0000004717 07/29/92 08/28/92 I 278.26 08/10/92 P -272.96 08/10/92 T -5.30 0000004797 08/12/92 09/11/92 Ix 210.58 210.58 Total 210.58 0.00 0.00 0.00 0.00 0.00 0.00 210.58 Grand Total 159047.47 7641.92 0.00 499.38 980.87 11002.97 40373.54 98548.79 • 1 `I PERSONAL FINANCIAL STATEMENT Don Lewis Provident Bank Name - 1a. F 200 Lynge, Allen, TX 75002 (MY Slot* TX slot. 214-727-5338 Irl-phone.. , Manufacturing Business or Occupation — Partner or Officer in any other venture Arn any assets pledged? Ypq — tinve you ever mode a composition settlement or token bankruptcy? E:ploin• No Tor the purpose of procuring and ma ntoining credit from lime to time in any form whatsoever with the above named Bonk, for claims and demands nnoins un<ln,.igned, the undersigned submits the following as being a true and accurate statement of its financial condition on the following date,and agree that if any ch. occ'srs Ihot materially reduces the means or ability of the undersigned to pay all claims or demands against it, the undersigned will immediately and without delay r the said Rank, and unless the Bank is so notified it may continue to rely upon the stalemsnt h}0fein given as a9lhsre and accurate statement of the financial conclitic the undersigned as of the close of business 1 , 19 7L , Income from alimony, child support or mainterr pnvmrnt, need not he revealed if the undersigned does not choose to disclose such income in applying for credit. _ ASSETS. LIABILITIES AND NET WORTH Cosh an Hand and in Banks (Schedule I) $ 35,000 Notes Payable to Banks—Secured (Schedule 1) 393,693 U. S. Government Securities Unsecured (Schedule 1) Accounts, loans and Notes Receivable (Schedule 2) 72,840 Notes Poyoble to Relatives - __ Cosh Surrender Value Life Insurance (Schedule 3) - - Accounts and Notes Payable to Others Other Stocks and Bonds (Schedule 4) 425,000 Rents and Interest Due Real Estate (Schedule 5) 413,000 Taxes Due (Schedule 5) Automobiles—Number ( 3 ) _ 43,000 Liens on Real Estate (Schedule 5) _ __ 34�000 Other Assets (Itemize) Personal Property - 50,000 Other Liabilities (Itemize) -__Cattle. Farm Farm Equip. , Boat- 98,000 - TOTAL LIABILITIES _122,6_9 _ NET WORTH 1,009_1 TOTAL ASSETS ___ C TOTAL LIABILITIES AND NET WORTH $) .1364_ SOURCE O' INCOME CONTINGENT LIABILITIES Salary -_ — ___ $ 36,000 As Endorser or Co-Maker $ Bonus and Commissions 75,000 On leases or Contracts Dividends and Interest • legal Claims Real Estate Income 22,800 Provision for Federal Income Tax -----D-r—C_ F•ntprpri sps 8,000 Other Special Debt - TOTAL INCOME S141,800 —• INSURANCE COVERAGE COMPARISON OF MONTHLY INCOME AND EXPENSES fi-re Insurance—Buildings $ Net Monthly Income $11 ,81 Household Eflects and Autos Rent or Home Payment $ 1,800 Liability Insurance—Automobiles Food and Utilities 750 Personal Incidentals AQQ —_ __ General Public Avg. Aral. Paid on Open Accts. 1 5.0._ -.Other Insurance TOTALEXPENSES $ 100_ DlfffRENCE BETWEEN INCOME AND EXPENSES-- rs 87 (SEE OTttEe SIDE) --- -- -- SCHEDULES No. 1. Banking Relations. (A list of all my bank savings and loan accounts.)— — — — — Plow and location --_—.__________—__— Cash Boleno A'woont of Maturity of " ---- loan loon How Endorsed, Cuorantwed or S -_r_ovident-W lie 0 -s -_ d -Benchmark________________________ Senchmarlt- j�„r� __ _ Land & Building t1o. 2. Accounts, Loans and Notes Receivable. (A list of the largest amounts owing to me.) Amount Narne and Address of Debtor 0e of Debt A -'-- Owing Dwrcriolion or Nature of Debt Oes uietien of Sorority Held Dote My,.,. -._MastEr_lixake A yr. E.rscled -Accurate_Au- omaticInEmm a mp. Inv. & Stoc �7� - im..M _ -- 11 ----------- Mo. 3. Life Insurances ----- — -- Nome of Perron Insured Name of Seneftciory Neme of Inwron , Co. I . Foce Amount j_ °'' f shTtl loans-- p of Policy -cy Ywor!r 'cy -Bar bara_L ewi z- Don Lewis - �0 Policy Premium Att1."0.,r 1-s-2DD NO lo• 4. Other Stocks and Bonds. - - `ace Voluw Bonds - NO. Stack Shmws Description of Security Reentered In Nome of _ -- _ -- Cost Present tncame Rrcefred—1000 AMC fao " Market veto. If rlyd,rd Lost Yeor Slates to N'!•om _ 500 Master Bra e Ion 'ewi 1 75,000 375,00 -- -----___-- - - • 25i000 50 OU 0- - -- - i____ T. 5. Real Estate. The legal and equitable title to all the real estate listed in this statement is _ cept as follows: solely in the name of the unrtr_ '- -__ fsI�n�d, Detcr:ntion er Dimwnslons or ._____--_.__-_-_-----__-__--__- Snewt No. Irrtrrerementt oa0ef Acres Consist Cendrt of Mon Due Dotes end - , '- or lien, Amounts of Astwssed rt.swnt Unooid Tprn 111en,--TX-_ 10 0 X 100 House / Payments Valets Martet _ Valve Year Annunt 111en1-j X_ 100 X 200 House 350.00 130, —I 55 OL]U - __ — - --. •'-ke_T.exho a 100 X 50 House 55,000 --5;Z17jr-- -��--�---- '�J i e 1L 7. 250 X 230 Bldg. 111111M111.1111111111 _2U,UUU'-- -2t-qi�0--_ --- -- 1. 150_ 15R,O50 ]-CP-T.30--- -- —. __-._.— I fire undersigned certifies thai the information inserted on each side hereof has been carefully read and is true and correct. (T — Signed_._ ...!'6._, 4,kt ''' T 0 . . , ,• ..,..:-., ....,.. CI 2.-)--?! -01 i 1K--- (Name of Lender) PERSONAL FINANCIAL STATEMENT OF NOTE: Any willful misrepresentation could result in o violation of Federal Low(Sec. 18 U.S.C. 1014) tome n ' 4F-s- ( . 6 * SA/i Aged/) Statement Date �'� ,9CTz 1.ddress 7379 l—./9,779pca 4i4r f City 6/472 y]/)�Stote/Zip7��7'�.ky Social Sec. No �6.:-S-b-�.r' -? Iarne Phone Y�r-Si?ram Na. of Dependents, Bus. or Occupation/y/j P01-7l4'F cS/ `" Dcov rP Bus. Phone e{9.1. 67 0 0 "ype of Credit: , ndividuol 0 Joint, with Relationship 0 I NOTE Complete .11 of Section II BEFORE Section 1 I SECTION I ASSETS t...... ..-.... c.... LIABILITIES t.•.. � - 1 Cosh On Hand &in Ionics Sec, 11-A 1_Q0,7 21 Notes Due to Bonk) Sec- Il-A _ 2 Cosh Value of Life Insurance Sec. II-B 22 Notes Due to Relatives& Friends Sec. II-H 3 U.S.Gov.Securities Sec. 11-C 23 Notes Due to Others Sec. II-H _ 4 Other Morketoble Securities Sec, II-C 24 Accounts&Bills Payable Sec. II-H , +I _ 5 Notes 1 Accounts Receivable- Goad Sec. 11-D 25 Unpaid Income Taxes Due - 0 Federal 0 State CVO) 6 Other Assets Readily Convertible to Cosh- Itemize , 26 Other Unpaid Taxes it Interest 7 27 Loons on Life Insuronce Policies Sec. 11-B / .442 B 28 Contract Accounts Payable Sec. II-H 9 29 Cosh Rent Owed -10 TOTAL CURRENT ASSETS 30 Other Liabilities Due within 1 Yeas- itemize ..- 2 I keel Estate Owned Sec. II-E 170 c`EiO 31 — 12 Morraooes&Contracts Owned Sec. II-F 32 _ 13 Notes& Accounts Receivable- Doubtful Sec. 11-D 33 TOTAL CURRENT LIABILITIES 14 Notes Due Freers Relatives 1•Friends Sec. II-D 34 Real Estate Mortgages Payable Sec. li-E 7-" d-DO - IS Other Securities- Not Readily Marketable Sec. II-C 7/ 9c.%)1 ' 35 Liens&Assessments Payable I 16 Personal Property _ Sec. II-G D C.0Op, 36 Other Debts-Itemize y%)F,%j16 lfr s , a 'a) 17 Other Assets- Itemize 67/44 17 2 S /-4 ( c 37 - 18 ( {f,t,--.f /C. Q7)/) 38 Total Liabilities 96 6Z9.1 19 39 Net Worth(Total Assets minus Total Liabilities) 20,-.57 90-.t 20 TOTAL ASSETS ?`"42 icfn d`D 40 TOTAL LIABILITIES & NET WORTH • 37e3 kipI ANNUAL INCOME • ESTIMATE OF ANNUAL EXPENSES Salary S q O Income Tones S 3 r C.) Bonuses &Commissions S 7,l•-•-" AfX9,0 Other Taxes S _ Dividends 1 Interest S / Insurance Premiums S Renml 1 Lease Ineomri(Net) S Mortgage Payments S /.77 /le'- , en) Spouse's Income(List only if Joint Credit) S Rent Payable - S other income- itemize S Other Expenses 4_/c.//.)°G Sa 12q47-19. CO S S TOTAL •S /(, ,feje.0. TOTAL . S 77 7y5/, GENERAL INFORMATION CONTINGENT LIABILITIES Are any Assets Pledged?ELNo 0 Yes(See Sectionti II) As Endorser, Co-maker or Guarantor S Are you a Defendapt in any its at Legal Actions? io] No erYA On Leases or Contracts S (Expioin): ( /J e) .F, Legal Claims S Have you everben Bankrupt? No 0 Yes(Explain): federal- State Income Taxes S '(��osa.OP Other - S / - • SECTION II A CASH IN BANKS AND NOTES DUE TO BANKS (List .11 Real Estate Loans in Section II-El - NAME OF BANK Type of Account Type of Ownership On Deposit Notes Due Banks COLLATERAL(If Any)&Type of Ownership —PIOd,41t'-,t4 r-RA - - , 0 ter. : o : . c, f+.p�, tfty L'4,,/ 7_t A0 _ ' .Hand S S7"6171) •Complete Rest of Section 11 on Reverse Side) s....s..'t u..II flow M.I Nor lit • SECTION I I Continued ] LIFE INSURANCE .List only those s that you own' ramie of Cosh Surrender Policy Loon from er Loans BENEFICIARY • Policy Valve insuranceeCo. ►olicyosCotlo►'I • COMPANY f ge✓ rh��,f', s "/-1I< S 0 s / ()f' s /)f-1flHft J' _ 'TOTALS S S t..•.y.'TU;.tt M-..sr.I lbw in SECURITIES OWNED !Including U.S. Gov't Bonds and all other Stocks and Bonds) 'ace Value-Bonds DESCRIPTION Type of Market Value Market Value '••"tr v'• .ty Amount ie.of Shores Stock Indicate those Not Registered in Your Name Ownership COST U.S.Gov.Sec. M'ktable Sec. r..tc.re t - 42 6t:;)40'2;$ •i.- to Secu, 0. ili A-A /r• :r�& 4r — f .t • • TOTALS S S S II...I...I lw 7 tie..t...I u..u M....s.l u..III ' NOTES AND ACCOUNTS RECEIVABLE(MoneyP able or Owed to You Individually.Indicate by a so if Others have an Ownership I, MAKER/OE�10R ✓ WMn Du. Original Am't Balance Due Balance Due Bal.Due Notes SECURITY(If An, Good Accounts Doubtful Ace to Rel.E Friends S S S S . TOTALS S S S • tl..w fw.t tam if OW la I 546.1$ frog Ma I w W_ REAL REAL ESTATE OWNED ;Indiktla by a ✓jtOthers have an Ownership Interest) TITLE IN'NAME OF re Description&Location Dote Original Mount of MORTGAGE OR CONTRACT PAYABLE P Acquired Cost of Real Estate Ins. Carried Bal. Due Payment Maturity To Whom Payc cnresteod. 1 S S - \ j� 7fG,e�lr. :..-,- /-�a-77 731,E /90,4 A70XG fl f/6� (347.cc_ o • • TOTAL S TOTAL S tl-rs...rwW 5V..t..-fu..W MORTGAGES AND CONTRACTS OWNED (Indicate by a ✓ it Others have an Ownership Interest) :ant. Mtge. so PROPERTY PROPERTY COVERED Storting Payment Maturity Balance Name Address Date • . • S S —1 t 1 • TOTAL S PERSONAL PROPERTY ;Indicate by a ✓ if Others have an Ownership interest) 'i""k. DESCRIPTION ✓ Dote Cost Value LOANS ON PROPERTY 1� / �/ �/� When New When New Today Schott Drtt To W -or;�obl • .utamobiles- 'ffj} M19(.#Gi !/ , -CA".ly , 9 1 �.s7 $_j6?lG $ • 9/e t 5Cit1 7 ,r' ma % �, A .-r-s / ,-,e . TOTAL •S -�(J- Mew...tlk.ut t NOTES (Other than Bank, Merage end Insurance Conran r Loans' ACCOUNTS AND BILLS AND CONTRACTS PAYABLE PAYABLE TO Other ObligorsNotes a To NosesDue'Others' Accounts Bills Contracts - (If Anyr When Due Rel.&Friends (Not Banks) Payable Payable COLLATERAL(If A. S TOTALS $ mew to t ir.it) (.-..sw t in..Ui tt••.So.s ire Ski ik+•tra l tk.tat For the purpose of procuring credit from time to time.1/We furnish the foregoing as a true and accurate statement of my/our financial condition. Authorisation Is hereby given to the bank to verify i^any manner it deems appropriate any and all items Indicated on this statement. The under- signed also ogre*.to notify the above-named bunk i sly In writing of any significant adverse change in such financial condition. •ore Signed " ) -cl ? 19_.-••• _ afe_e-- _ gnotura • P.m Obn.s.• /A.vkd.r.i '-nVYtuCI\ I DMIVr\. GU I IV, DQIICTIU, r.V. DLIA IUV. vrruc, ICAna •.w.av TYPE TO OS CREOI' •CHECK TetE APPRt7PnIATt 80x Theme w Lame.) InQw•0,01 - II yvu Oft.C■Init no..itrovw.P14_ pl 1.d.••..14•0n MNv about YOul&IU 0 •/Pohl•w.itt Relal.w,s,np . II you ehCC\hut len.wuv,Uv 1MattClal l•tturmatpn •/ JyrNtt and Mu Viln(r.raun PERSONAL FINANCIAL STATEMENT OF (r NOTE:Arty wdlfut mtsrepret.ntanon cowls tss..lt In a v,elu.on of Ped.faf Lew ISoc. le U.S.C. 10141 • 1I�L 1 [ l�1'Y\ L. elm Name (Pi2NE TT Du. _ •�ANI 16 , 1g Statement Date Al)b 1 S lye Aod•eas_.,.��-1 N1 EED t-E� City_ -t 1..4 SS Stn./bp N. $vc.a,sox.He. 45S ?8 -68 ti• Home Phan.. 6(l 1 24t 105 to.of Depenoonts Bus.or Occupation M a2STE•I-bilfkSE•!t 45T110;NS Bus ►bens n-41�41—Olba NOTE: Complete all of Section II BEFORE Section 1 SECTION I twrnn1 ••u+. cOn* UABIL.111611 . ••vr ASSETS � s+-v, picas e••-ox Mee ot•• 1 Cash On Mend 6 in Banes Soc 11.A 1 24_ 21 Nas Oue to bones Sac II.A r 2 Casn Value of L•dt Insurance ___ Sec.a•B a Into/, 22 Notes Otis to Rol/Oyes&Friona, Sae.1144 3 U S Gov Securities Sec lI•C 23 Nets Out to Oman Soc.is-H .. 4 Other Merkstsble Seeirlties Ssc It-C 24 Accounts a.SIIts Payable Sec.II•H • ♦ , S Notes&Accounts necelvaole-Good _ Sec 11.0 • 25 Unpaid Intoma Taxes Due- 0 Sada,ltCif State 6 Other Assets Fissility Convertible to Cash-Itemize 26 Other Unas,a Texas&Interest A 7 27 Loans on Lilt insurance Potoems Set.II•S t 28 Contract Accounts Psyebla Sec,11.14 9 29 Gen Awe Ow.d 10 TOTAL CURRENT ASSETS 30 Outer Liatuntres Ota.within 1 Year•homes* _ 11 Aide Estate Owned • See:11-E (40 000 31 L 12 Moripapa&Contracts Owned Soc.ti-F •{ 32 13 Notes&Accounts Receivable•Doubtful Sac.It-D 33 TOTAL CURReNt LIABILITIES t — 14 Hetes Out From Rotative,&Friends Soc.0-0 34 Rail Estate Merta.g.a Payable tat.$1.11 40 000 _ 15 Otn.r Securd as•Not Readily Mertetaole Soc.II-C L 35 Liana I Assessments lqyabla I6 Peryonel Property - Soc.II.G 40. DAD 36 Other Debts•Romeo - _ 0 _Oth.r Ats.ts •tternue A 1JT0 MO h IL.ES (...0 ! '1j Or)1) 37 _ ) 38 Totalliatatlti.ss ' 4-o ppp • 1.y Wor th(Total Assets minus Total L►ebiwoosl - ,ZIP r 1 - 20 TOTAL ASSETS - 1250 46 I 40 TOTAL LtABtIJTtES&NIT WORTH Q '4(.I ANNUAL INCOME ' ESTIMATE OP ANNUAL E%PENS11II Salary.Bonuses&Commissions s 1.c , 000 lrteo,r.e Tics; s /000 Dividend;&lnt.(est a Out.i faaa a /),120 Rental&Lease Income(Nell a , 000 Insurance Pterttlunts . 4 ZSOO Alimony.Child avpoert,or*operas*m.anaartan.a inean.a noels not be reviewer if Mortoeee P.ymente a 4.000 - you do not wish to have it Oonsidyed as a bests ter repaying this obiigation. Omer Income—Rinite a Rent Provable a Provide the fotiowing information only if Joint GCdtt is crwc►ra above. Other Worts*, it _ Other Persons Salary.bonuses 6 Commissions . $ a Alimony.Ohtld support,or estimate mainlining.intorno need not be reveled I if Yov do not wish to hew it oon.ider$d as a basis ter tapeying this obligation. Outer Income of Other Person—h.rnitt a a TOTAL - a 4., OpO _ TOTAL a /Q f 1 pO GENERAL INFORMATION CONTINGENT LIABILITIES Are any Assets Plad4edi No Q Yes(Sea Section III As enoorssr.Co./news.,ter Otdtantor a Ara you a Ottenoant In any butts or Lee..ACuvna/ [NO Q Yes On Leas.,or Cunuaua a ~ IEr.ptalni• CD Legit Claims a rer Haws you*err bo oeelared Senstuot in Ina(ass 10 years? u N LJ o vas Feoerel•State loc:uln.Taxes a (explain' other. a SECTION II A CASH IN BANKS AND NOTES DUE TO BANKS lliat all Reel Estate Loans in Suction 11.E1 NAM!Or BANK 1 Type of Axnttnl , Tvv.et o..,..usit. On Oeoos.. I Nutu$Due Saab. COLLtreAAL ill Any,P.feve et Oemeeseep kc COMN)V14ff Nucts-TTx I C►agcir'NU 1 .1(1u.Yt l• 27Dr> is - - 1 I I i i i I -. — ,_a,,,on la..,,n f: - I ICI mO„-tr• A.-•.I n• 5r,:unn II An A,..,,.,... •.... , TAT,. c I a •1 Sr-.n I a- 1 unwe.na srS Trx.3 •wC al '.lO•nl.s...wr♦ SE C 7 1 ON I I Continued ..•• JRANCE fLlst only those Policies Ih►i you o.-nf /COM►ANT 1 Ice y�c►er►bIN. 1 " " ' ' -s 1 'b cr Ltiniusa usa Itr , 1 PrulII(Amu al Collateral l etML►IC'Arr 1 I r-.....- r • 'FOULS s s if Or Aut.1-an t1 liar 6s I tar in - C SECURITIES OWNED (including U.S. Gov't Bonds sad all outer Stocks and Bondsai rue eswa•&enec bESCutrnON vow ar *mow vs Monet valve MARatfvALUL ,I„r,. n Me at SWIM&roc► Wawa thras Nn Aapsvtaa in Your m ne OMerwer • COS! y S Gar.Coe. Met►ersee Sae iituaAI anon Ns�tMI se Socorro i • • •* a i y t Iwo- ?OT ALS i it a • Raw MO Liar I last Sac.I UM 41 -n KW WI-r17116 IN t D NOTES AND ACCOUNTS RECEIVABLE (Monsy Pays zit or Ovoid to You Individually-Indcatobva ✓ IfOthors how,an Ownership In: MAKER/01170A r/ When Dull On,inel An..1n aunn Due &sane•Dye Lai.Dw Nate+. itCURITY!r A8 rt Goon AOtsuMa Sete, Rat.a FmwMa s s $ s - - . 1 • TOTA.S $ $ $ • lbw$w I LIZ) Pam sa.I Use 121`.ut L .t Les 141 . E REAL ESTATE OWNED findicats by a ✓ if Othsrs'ire*an Ownership Ort.r.at) _ • 'Mu IN tomeOf ►/ tra►Cnotlen i LKN.en Date drat enteric vat's et MOPTOAGE OR CONTRACT PAYA1tI Aaay�N • Celt of Ra11 laver bnt. C Caa,r me/ sera Ow happen Matwlh Ta%%ea PSTs* • non.asteea 12C12.10Ei 4 5 ElASS6 tct710 $34• .4CQs -15iS'OO _• 14)04000 , . 1- tt __ISSii ,_11450 CIU00 J SQO.000 g0,000 6I5 30'ft.. . 1 TOTA1•i fop,QpO , TOTAL$.btQOO !tee hl.awn'l newiai . F MORTGAGES AND CONTRACTS OWNED flneicau by a ✓ if Othsri have an Ownership!Harr•! Cant Mr,a r0- N.w.e ►t ER •N •,ro.carr COW ASO Swim,Dote P.prnans Mar.a*r atenat Dar And $ $ - r TOtAL.S i I G PERSONAL P9PERTY (Indicate by a do if others►aye an Ownership Interest) rtrrits.Rat f/ �•rM (el vow* i LOANS ON PROAf>r'• DtiCRIPTION e/ Wmot•era wh. en New tasa, r _ ! swan.•Ow to tNrraw.rwMu _ Awaw.otwt• t ti R 0 It r I_C __SEE L.ifL 1 51(10 a 2P\i,000 1$ i?__ 1_Soc .$ IA 6 Lrt•,�� b U*LuRAtJ [ 1 it LR L 1 _� 4. flQ I 1 TOTAL a I,St1cOO limn M LW1H ' NOTES (Other than Bank.Mortpsae and Insurance Company Losns_I, ACCOUNTS AND BILLS AND CONTRACTS PAPA. PAYAALf TO 1 Omer Oeuyett 1 W.Wn D„• I f Nowt-:..it I wrva Dye•O.ners- I ANum rt e M os lat I GIraess HI Awe, .s...nos snot Wnos1 P.tiaaq. reMe,,. COLhtTfJ1A{nr wrr Au 1 ( I I I I J 1 I I I I ) 101ALS 1 ` I I 1 Item,sr ....:71 rin+r r I Ire 717 ii•II as .Iracn. Imam Oa..I LIW UI t•.•It.rt•...rw•.••..••••..•...nocr,.run•..r•..yrer.••.. • w.•..,.••ar..r..•n•roe.••v...r..•.•anea�..a.r/rtn•.....,...r.•.. .....rrfSnc.•rrn....«...a...11, MISnt.•I/.e..........5.........,...,I.,n ally w. Ott T\aPP..........•a...anti.. nt.....nu•t,..••••u u....u••••v,, Is.v ...• ,r.+^at..remits :no,...,,, . ..... i,a.v...•, i of a.....yn...cs-1••••••1.•Cb•.a•.n♦..r••,,f•n.•a•co••en.o. Form 1120 I U.S. Corporation Income Tax Return OMB No.1545-0123 Department of the Treasury For calendar year 1990 or tax year beginning 0 7—01 1990,ending 0 6—3 0 ,19 91 1 (019 0 Internal Revenue Service ►Instructions are separate.See page 1 for Paperwork Reduction Act Notice. u y� Check if a— Use Name D Employer identification number A Consolidated return ❑ IRS Master Brake Systems , Inc . 75-2285282 label. Number,street,and room or suite no.(If a P.O.box,see page 2 of Instructions.) E Date incorporated Personal holding co. ❑ Other- p g t Personal service wise, P .O. Box 29789 6/2 9/8 9 corp.(as defined in Temp.Regs.sec. p lr a" City or town,state,and ZIP code F Total assets(see Specific Instructions) 1.441-4T—see or type. Dallas , TX 75229 Instructions) ❑ G Check applicable boxes: (1)❑ Initial return (2)❑ Final return (3)❑ Change in address $ 488 , 155 la Gross receipts or sales ll ,4/5 ,4 2 91 I b Less returns and allowances) I 1 c Bal► lc 1 , 475 , 429 2 Cost of goods sold(Schedule A,line 7) 2 1 , 254, 010 3 Gross profit(line lc less line 2) 3 4 Dividends(Schedule C,line 19) 4 E5 Interest - 5 ° 6 Gross rents 6 5. 7 Gross royalties 7 8 Capital gain net income(attach Schedule D(Form 1120)) 8 9 Net gain or(loss)from Form 4797,Part II,line 18(attach Form 4797) 9 10 Other income(see Instructions—attach schedule) 10 11 Total income—Add lines 3 through 10 ► 11 221 ,4191 12 Compensation of officers(Schedule E,line 4) 12 36 , 0001 g 13a Salaries and wages I I I b Less jobs credit) 1 I c Balance► 13c . 0 14 Repairs 14 16, 246 1 15 Bad debts 15 16 Rents 16 19 , 875 17 Taxes 1 7 2 , 469 18 Interest 18 711 19 Contributions(see Instructions for 10%limitation) 19 1, 094 11 20 Depreciation(attach Form 4562) 20 13 ,4361 4 21 Less depreciation claimed on Schedule A and elsewhere on return. 21a 21b 13 ,436 F. 22 Depletion 22 1 , 127 1 23 Advertising 23 6 , 239 i 24 Pension,profit-sharing,etc.,plans 24 y 25 Employee benefit programs * 25 2 , 898 c 26 Other deductions(attach schedule) ' 26 4 5, 718 27 Total deductions—Add lines 12 through 26 ► 27 145 , 813 .0 28 Taxable income before net operating loss deduction and special deductions(line 11 less line 27) . 28 74, 916 p 29 Less:a Net operating loss deduction(see Instructions) 29a 4 b Special deductions(Schedule C,line 20) 29b 29c 30 Taxable Income—Line 28 less line 29c 30 74, 916 31 Total tax(Schedule J,line 10) 31 13 , 729 IA 32a 5 32b 1990 estimated tax payments Payments:a1989 overpayment credited to 1990. 32b i/ E c Less 1990 refund applied for on Form 4466 32c ( ) d Bel► 32d co a. e Tax deposited with Form 7004 32e c f Credit from regulated investment companies(attach Form 2439) . 32f 10 g Credit for Federal tax on fuels(attach Form 4136).See Instructions . 32g 32h x es 33 Enter any penalty for underpayment of estimated tax—Check► ❑ if Form 2220 is attached 33 34 Tax due—If the total of lines 31 and 33 is larger than line 32h,enter amount owed 34 13 , 729 35 Overpayment—If line 32h is larger than the total of lines 31 and 33,enter amount overpaid . 35 36 Enter amount of line 35 you want Credited to 1991 estimated tax► I Refunded► 36 Under penalties of perjury.I declare that I have examined this return,including accompanying schedules and statements,and to the best of my knowledge and Please belief,it is true,correct,and complete.Declaration of preparer(other than taxpayer)is based on all information of which preparer has any knowledge. - • Here 1 08/09/91 k President Signature of officer Date Title Paid Preparers Date Preparer's social security number Preparers signature self-emCheck ployed []f ,• Firm's name(or Use Only yours ifself-employed) E.I.No. ► ,• and address -- ZIP code► 12 U.S. Corporation Income Tax Return OMB No.1545.0123 Form Department of the Treasury• For calendar year 1989 or tax year beginning 0 7/0 1 1989.ending 6/3 0 1g 9 0 ^/� Internal Revenue Service I.Instructions are separate.See page 1 for Paperwork Reduction Act Notice. 0?VS vy Check if a— Use Name D Employer identification number A Consolitlateareturn ❑ IR bel.S Master Brake Systems , Inc . 75-2285282 Numoer and street(or P.O.box number if mail is not delivered to street address) E Date incorporated B Personal holding co. ❑ Other - c Personal service wise, P . 0 . B 0 X 29789 6/2 9/8 9 corp.(as defined in please Temp.Regs.sec. City or town.state,and ZIP code 1.441•4T—see print F Total assets(see Specific Instructions) ❑instructions) or type. Dallas , Texas 7 5 2 2 9—0 7 8 9 G Check aooucaole poxes: (1)tr Initial return (2)Li Final return (3)LiChange in address $ 226 , 089 la Gross receipts or salesj5 9 9 , 819 1 j b Less returns and allowances] I I c Bal► 1e 599 , 819 2 Cost of goods sold and/or operations(Schedule A,line 7) 2 513 950 3 Gross profit(line lc less line 2) 3 85 , 869 4 Dividends(Schedule C,line 19) 4 c ; 5 Interest 5 a 6 Gross rents 6 7 Gross royalties 7 8 Capital gain net income(attach Schedule D(Form 1120)) 8 9 Net gain or(loss)from Form 4797,Part II, line 18(attach Form 4797) 9 10 Other income(see instructions—attach schedule) 10 11 Total income—Add lines 3 through 10 ► 11 85 , 8691 .. 12 Compensation of officers(Schedule E,line 4) 12 9 , 000 13a Salaries and wages 1 I I b Less jobs credit( I I c Balance► 13c $ 14 Repairs 14 4 , 178 44, 15 Bad debts 15 I S 16 Rents 17 Taxes 16 I 17 , 350 17 I 9 , 879 18 Interest 18 485 19 Contributions(see instructions for 10%limitation) 19 20 Depreciation(attach Form 4562) 201 10 , 672 I 21 Less depreciation claimed on Schedule A and elsewhere on return. 21a I 21b I 10 , 672 22 Depletion 22, _" 23 Advertising 23 I 4 , 313 H 24 Pension,profit-sharing,etc.,plans 24 ti 25 Employee benefit programs 25• c 26 Other deductions(attach schedule) 26 1 , 106 .� 27 Total deductions—Add lines 12 through 26 ► 27 I 56 , 983 28 Taxable income before net operating loss deduction and special deductions(line 11 less line 27) . 28 I 28 , 886 ca 29 Less:a Net operating loss deduction(see instructions) 129a �/��A b Special deductions(Schedule C.line 20) 29b 1(29c 30 Taxable income—Line 28 less line 29c 30 24 , 3331 8 , 8861 31 Total tax(Schedule J,line 10) 31 I qn 32b 1989 estimated tax payments to 1989 32b I I � // c Less 1989 refund applied for on Form 4466 32c i( I ) d Bal►I 32d /� a e Tax deposited with Form 7004 32e f Credit from regulated investment companies(attach Form 2439) . 32f // t° g Credit for Federal tax on fuels(attach Form 4136) 32g 32h I 0 x` t`o 33 Enter any penalty for underpayment of estimated tax—Check► ❑,if Form 2220 is attached . 33 34 Tax due—If the total of lines 31 and 33 is larger than line 32h,enter amount owed 34 4 . 333 35 Overpayment—If line 32h is larger than the total of lines 31 and 33,enter amount overpaid 35 I I ► 36 Enter amount of fine 35 you want:Credited to 1990 estimated tax Under penalties of penury.I oeciare that I have examined this return.inclutlmg accompanying schedules a unded of d statements,0. a3nat i the pest of my knowledge and Please belief,it is true.correct,and complete.Declaration of preparer(other than taxpayer)is based on ail information of which preparer has any knowledge. Sign Here Signature of officer Date/ 4/9 0 ' P 7`P.. l Cf e n t Title Paid Preparer's Date Preparer's social secunty number signature Check if Iiself•emoioyedPreparers ❑ • UseOnI Firm'sname(or • , y yours if self-employed) E.l.No. Po and address • ZIP code► Summary of August Activities I returned from a short vacation on August 5 and had an early meeting with Mr. Steve Phieffer. I have had several meetings with Mr. Phieffer about a possible move of his company to Wylie. It has been difficult to obtain any definite information on him or the company he represents. He claims to own and operate a van conversion company that is looking to locate on a 10 - 12 acre site. The company is now dormant after having sold their manufacturing properties in Ft. Worth. We have made visits of several site locations in the Wylie area. The only site that has interested him is the old equestrian center located north of Hwy 544 between Wylie and Murphy. The orange metal barns are in fair condition but all would need extensive renovation before actual production could become a reality. We finally were able to reach the owner of this property by telephone. Mr. Tom Mannewitz acknowledged that he would sell the property at a price. We asked if he would give us an idea of his asking price. He agreed to think about it and promised to call us when he had made a decision. Our last conversation was August 19th and we are still waiting for his reply. Attended a meeting called by Mr. Bill Nelson, Parks Director for the City of Wylie. This meeting was a result of Mr. Norwood's desire to establish a "Meal on Wheels" program for the older citizens of Wylie. It was decided that Mr. Nelson should continue his negotiations with the Director of this program and then have an organizational meeting at a later date. The development corporation may receive a request for financial assistance should the City decide to implement this program. Completed the credit and financial files relating to the Physician Regional Hospital loan with the Provident Bank, Wylie. During the month the hospital has drawn down $90,000 of their operating Line of Credit. Their geriatric unit census continues to improve with an average daily count of nine. They were able to invoice Medicare for some service already provided and a substantial payment was received within a short period of time. This additional income has assisted them to meet current liabilities without having to draw the entire committed amount of their operating "Line of Credit". I made a trip to Michael Brown's studio in Arlington to pick up the video tapes purchased by the Corporation to promote the image of Wylie. Delivered tapes to several entities that are in a position to show the video to anyone that might have an interest in moving to Wylie. I have attended two meetings with James Blakey, Steve Norwood, and representatives from the J. D. Russell Co. This meeting was in conjunction with the purchase of the Century Redi-Mix property located on Hwy 544. J. D. Russell Company is domiciled in Arizona but has maintained a facility in Wylie for eleven years. They want to expand their Wylie operations and the redi-mix property would meet their current and future needs. Their main interest in the meeting was what financial assistance could they expect from the Development Corporation or would the City of Wylie consider offering any tax abatements should they purchase the property. No decisions or commitments were made during either of the meetings. The owner has returned to Arizona and has promised to let us know when he has made a decision. I spent some time planning and organizing the presentation of our "Cash Grant" to Holland Hitch of Texas, Inc. The presentation was made before a good audience and received excellent local press coverage. Several hours have been spent accumulating financial information and coordinating a joint effort with Provident Bank, Wylie to finalize the loan request submitted by Master Brake Service, Inc. This loan is for the purchase of the Tarrant Plumbing Building at a public auction scheduled for September 14, 1992. Should the company be a successful purchaser they plan to relocate their activities to the new location. The loan request will be discussed and a final decision made during our September board meeting. We continue to discuss a possible relocation of the Goldin Pickle Company to Wylie. I have had several telephone conversations with the President, Mr. Steve Collette. At Mr. Collette's request a letter has been written inviting him to make a tour of Wylie and of our interest in discussing a possible move of his company to this area. DEVELOPMENT COI:POI ATION OF NNW MUNICIPAL COMPLEX. 2000 fIICfWAY 78 NOI7TIi P. O. BOX 428 214-4427726 WYLIE, TX 75098 C. C. WOMACK zcvm DIDECTOO August 27, 1992 Mr. Stephen Collette, President Goldin Pickle Company, Inc. 9219 Diplomacy Row Dallas, Texas 75247 Dear Steve, We are extremely pleased that you are interested in discovering more about the business opportunities in the City of Wylie. Our business growth is a product of business and city government working together in an environment that encourages business activities. Some thirty months ago the citizens and business community united their efforts and passed a one half percent sales tax for economic development. This tax revenue is generating funds that can only be used for the creation and retention of jobs within the city limits of Wylie. A non-profit corporation was organized to administer and control all funds collected from sales tax revenue. A five member board of directors approves all expenditures and investments. Any. investment or expense exceeding $50,000 must be approved by the Wylie City Council. Our current city council has been very supportive of any expenditure or investment that has attracted a new enterprise or in supporting an existing business already domiciled in our city. The Corporation can supply a multitude of investment services for the business community. Some of these services are: make long term real estate loans, purchase real estate for rental or leasing purposes, cash grants for renovation and asset purchases, signing Letters of Guaranty for loans funded by local financial entities, limited partnerships and other related financial programs. We realize the above information is merely a starting point, but we want to convey our interest in your possible move to our city. We welcome the opportunity to tell you more about our city anck PAGE 2 of 2 - GOLDIN PICKLE AUGUST 27, 1992 how we might be able to financially assist your company in relocating here. Please let us know when a meeting or tour of our city would be most convenient for you. Sincerely, C. C. Womack Executive Director Development Corporation of Wylie, Inc • WPH YSICIANS REGIONAL HOSPITAL 801 SOUTH HWY. 78 • P.O. BOX 1500 • WYLIE, TEXAS 75098 (214) 442-5414 September 8, 1992 HAND DELIVERED Mr. Charles Womack Executive Director Development Corporation of Wylie Municipal Complex P.O. Box 428 Wylie, Texas 75098 Dear Charlie: As requested, I am enclosing the most current financial statements for Physicians Regional Hospital (PRH). As we have discussed previously, some improvement was seen in June as the new geriatric psychiatric (geropsych) unit opened in mid-month. Additionally, the census for this unit exceeded projections in August. The future of PRH looks very bright given the implementation of this geropsych unit. On July 23, 1992, HENT received formal notification from HCFA "exempting" this unit from PPS. On August 7, 1992, HENT completed its negotiations with the fiscal intermediary regarding a per diem payment rate. Efforts are presently under way to expedite the processing of all patient billings, however, consistent payments are not anticipated to be received until the latter part of September. As a result, the line of credit backed by the EDC was most necessary and has enabled PRH to bridge this difficult time. I appreciate yours efforts to ensure the viability of the hospital. Sincerely, ark W. Liston Executive Vice President & Chief Financial Officer Enclosures cc: Larry Wedekind Peggy McCollum EDC Loan File 1 r 61,t1 rnipirthi,... TEXAS INDUSTRIAL DEVELOPMENT COUNCIL, INC. 111 Congress Ave.,Suite 3000 Austin,Texas 78701 lir.717 Fax(512)472-7907 August 14, 1992 Bill Dashner City Manager City of Wylie PO Box 428 Wylie, TX 75098 Dear Mr. Dashner: I am writing on behalf of the Texas Industrial Development Council to solicit your membership in this organization. Like you, I'm also a member of the Texas City Management Association (TCMA) and I believe that both organizations have some of the best leaders that Texas has to offer. I personally know of TIDC's benefits and I'm sure that you and your city would also see the advantage in that membership. As you know, being able to contact knowledgeable, qualified peers is essential for economic development in today's competitive environment. The majority of TIDC's membership is made up of economic development professionals and utility company executives with more and more mayors and city managers joining the ranks. I've enclosed a TIDC brochure with a membership application for you to consider. The cost is very low, but the benefits are great! If you have any questions, you're encouraged to contact Nancy Windham, TIDC's Executive Director, at 512/480-8432. Sincerely, Joe D. ewman Economic Development Specialist P. S. TIDC's Annual Conference is in Fort Worth on September 9-11, 1992. Discount - on TIDC membership available with conference registration. Information enclosed. STRUCTURE Each year TIDC recognizes local volunteers whose services to a community are worthy of special TIDC is structured as a non-profit corporation. An recognition. The Volunteer Industrial Developer executive committee and a board of directors of the Year Award is presented at the annual provide management and oversight of the organiza- conference. tion. AOCAn Administrator directs the organization on a clay- MEMBERSHIP to-day basis in accordance with direction from the Any individual whose work or interests are con- Board. TIDC is based in Austin to represent the cerned with industrial or economic development in membership on legislative and regulatory issues of Texas may hold membership in TIDC. Applica- interest. tions for membership must be approved by a The Texas Industrial Development Council, majority of the TIDC Board of Directors. Incorporated is a statewide professional association ACTION opportunities to partici- There are two membership classifications: Active dedicated to the development of economic and Members have numerous o employment opportunities in Texas. and Associate. Active members generally are full- pate in TIDC activities. Various committees time economic development professionals. Associ- addressTIDCprovides information,educational and trends influencing economic development, and the administration of TIDC. Members are ate members have an interest in economic develop- legislative services to it's members in order to foster ment but are not employed full-time in the profes- the expansion of existing industry,location of new encouraged to take an active role in these sion. firms and development of strategics that promote a committees: positive business climate in Texas. Audit Active membership is$95.00 per year;associate Awards membership is$65.00 per year. SERVICES Budget Professionals from the following organizations are A quarterly newsletter sent to TIDC members Conference represented in TIDC's membership: informs the membership of legislative issues, Community Training/Education meeting announcements,activities of various state Constitution/Bylaws Economic Development Organizations agencies, job openings,personnel changes,and Forward Plannin general items of interest. g Chambers of Commerce International Business Development Industrial real estate/Land Development A membership directory is published annually and Legislative p contains: a listing of members;TIDC officers, Membership Banking/Finance board members,and committee chairpersons;and the TIDC constitution and bylaws. This is a Newsletter Utilities ---_\ _ valuable reference tool used frequently throughout Nominating • the year. Past Presidents Transportation TIDC members can attend the Basic Industrial Texas Marketing Team Government Officials at all levels Development Course which is organized by the TDOC/TIDC Joint Task Force Community Development Volunteers Texas A&M Extension Service for an intense, practical orientation of economic development. Statewide conferences are held twice a year.In University Educators/Research Specialists early September, TIDC sponsors a 2 day conference TIDC members receive discounts on hotel accom- with a mid year conference following in the spring. Bond Attorneys/Architects/Engineers modations and parking when on business in Austin. The programs focus on key issues impacting the Texas business environment and the practical Foreign Trade Zones application of development programs.