01-18-1994 (WEDC) Minutes DIRECTORS OF DEVELOPMENT CORPORATION OF WYLIE, INC.
MINUTES
JANUARY 18, 19943
The Directors of the Development Corporation of Wylie, Inc. met in
special session at 4:00 P.M. on Tuesday, January 18, 1994 in the
Municipal Complex, 2000 Hwy 78 North, Wylie, Texas. A quorum was
present and notice of the meeting had been posted in the time and
manner required by law. Those present were President Raymond
Cooper, Vice President John Tobin, Secretary/Treasurer John Yeager
and members John Mondy and Marvin Fuller. Executive Director
Charlie Womack was also present.
President Raymond Cooper called the meeting to order.
President Cooper recessed the open meeting.
CONVENE TO EXECUTIVE SESSION TO DISCUSS COUNTER PROPOSAL SUBMITTED
BY PARTY INTERESTED IN PURCHASING AND SUBSEOUENT FINANCING ON A LOT
LOCATED IN THE 544 INDUSTRIAL PARK:
Reconvene Open Meeting
ACTION FROM EXECUTIVE SESSION: A motion was made by John Yeager to
accept a proposal from Morris Cartwright D/B/A Cartwright Signs to
purchase Lot 7 Block 1 in the 544 Industrial Park, Wylie, Texas for
a total consideration price of $22 ,837.00. The Corporation would
finance the total purchase price for a period of fifteen years at
a six (6) percent interest rate. Principal and accrued interest
would be paid monthly. Purchaser would begin to construct an
industrial building on property within six (6) months after date of
purchase. Site and building plans would be submitted for approval
by Corporation prior to actual construction. Motion was seconded
by John Tobin. The motion carried with all in favor.
Citizens Participation: None
There being no other business for discussion a motion was made and
seconded that the meeting be adjourned.
R d ooper, President
PREPARED BY:
6--/-1-t7r
Anita Collins