03-11-1994 (WEDC) Minutes DIRECTORS OF DEVELOPMENT CORPORATION OF WYLIE, INC.
MINUTES
MARCH 11, 1994
The Directors of the Development Corporation of Wylie, Inc. met in
regular session at 4 :00 P.M. on Tuesday, March 11, 1994 in the
Chamber of Commerce Board Room at 108 W. Marble, 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 Vice-President
John Tobin, Secretary/Treasurer John Yeager and members John Mondy
and Marvin Fuller. Executive Director Charlie Womack, Mayor John
Akin, City Manager Steve Norwood and Administrative Assistant Mike
Collins were also present. In attendance from the City Staff was
Anita Collins.
Secretary/Treasurer John Yeager called the meeting to order.
DISCUSS AND CONSIDER APPROVAL OF MINUTES OF FEBRUARY 8, 1994
REGULAR MEETING: The board would like the minutes to reflect that
during citizen participation Marvin Fuller was representing the
Chamber of Commerce when he spoke to the board. There being no
further corrections Marvin Fuller made a motion that the minutes be
approved as corrected, seconded by John Tobin. The motion carried
with all in favor.
DISCUSS AND CONSIDER TREASURER'S REPORT ENDING 02/28/94: Total
money market funds available during February were $333,407 .92 .
Expenses for February were $6, 172.62 and revenues were $33, 398.78.
Copy of report is attached for further details. A motion was made
by Marvin Fuller to approve the report as written. The motion was
seconded by John Tobin. The motion carried with all in favor.
REPORT FROM EXECUTIVE DIRECTOR: Mr. Womack gave a report of the
February activities as outlined in the attached report.
DISCUSS AND CONSIDER APPROVAL OF LEGAL SERVICES TOTALLING $52.50
PROVIDED BY MCWILLIAMS AND HOUSER, ATTYS, IN THE CHAPTER XI
BANKRUPTCY FILED BY HEALTHCARE ENTERPRISES OF NORTH TEXAS, LTD.
D/B/A PHYSICIANS REGIONAL HOSPITAL: A budget amendment needs to be
made to increase legal expenditures so that items of this nature
would not require board approval. A motion was made by John Mondy
to pay this item, seconded by John Tobin. The motion carried with
all in favor.
DISCUSS AND CONSIDER REVOKING THE REMAINING $788.67 LIABILITY ON
JANUARY 20, 1993 COMMITMENT TO PERMATUNE ELECTRONICS, INC. FOR A
REIMBURSEMENT OF RELOCATION EXPENSES FROM ANAHEIM, CA. : Permatune
advised Mr. Womack that there should not be anymore relocation
expenses. John Mondy made a motion that we revoke the remaining
liability and that should anymore expenses be incurred they will be
considered at the time they are submitted. John Tobin seconded the
motion. The motion carried with all in favor.
DISCUSS AND CONSIDER REVOKING AUGUST 10, 1993 LOAN COMMITMENT TO
WYLIE MACHINE SHOP, INC. FOR $10,000: Wylie Machine has not
accepted the commitment made by this board thus the need to
revoke. John Mondy make a motion that we revoke the $10,000 loan
after a final contact is made with Wylie Machine Shop by Mr.
Womack. The motion was seconded by Marvin Fuller. The motion
carried with all in favor.
DISCUSS AND CONSIDER AUTHORIZING TWO OFFICERS OF THE DEVELOPMENT
CORPORATION OF WYLIE, INC. TO APPROVE AN OFF-BUDGET EXPENDITURE NOT
TO EXCEED FIVE THOUSAND DOLLARS ($5,000) FOR ECONOMIC DEVELOPMENT
PURPOSES: After a thorough discussion of this item a motion was
made by John Mondy - Authorize the Executive Director, Charlie
Womack, to spend up to $5,000 for the furtherance of economic
development without the formality of calling a meeting. No grants
fall under this authorization - the motion was seconded by Marvin
Fuller. The motion carried with all in favor.
DISCUSS PROSPECTS THAT ARE INTERESTED IN CONSIDERING RELOCATING TO
WYLIE: Prospect #1 is asking the Development Corporation to
furnish 12 acres of land. This is a viable prospect who would or
could have 125 - 150 employees.
Prospect #2 thought they had a deal with Greenville but it did not
work out. They are still considering Wylie. Across from Sanden
would be a good location for them.
Prospect #3 would move their offices from Lewisville, Garland, and
Rowlett should they choose Wylie as a site for their new office.
DISCUSS REQUEST FOR PARTIAL REIMBURSEMENT OF MOVING EXPENSES BY
COMPANY CONSIDERING LOCATING IN WYLIE: Prospect is Zlan Ltd. and
the property at 1615 W. Brown is on their final list of properties
and is their first choice. The company has to make a prompt
relocation and is asking for a loan or grant to fray renovation and
relocation expenses. Marvin Fuller made a motion that the board
make a loan up to $10,000 for renovation and relocation expenses.
The motion was seconded by John Mondy. The motion carried with all
in favor.
RECESS OPEN MEETING:
HOLD EXECUTIVE SESSION UNDER 551.072, GOVERNMENT CODE -
DELIBERATION REGARDING REAL PROPERTY - TO DISCUSS POTENTIAL
PROPERTY SITES FOR ONE OR MORE CURRENT PROSPECTS: Action taken
from executive session was as follows:
John Mondy made a motion authorizing Charlie Womack to pursue
discussion with an attorney to initiate a contract with
contingencies not to exceed $200,000 on the discussed
property. The contract should be brought back to the board
for approval. The motion was seconded by Marvin Fuller. The
motion carried with all in favor.
CITIZEN PARTICIPATION: None
There being no other business for discussion a motion was made and
seconded that the meeting be adjourned.
Minutes of the March 11, 1994, regular meeting approved by the
Board of Directors at its meeting on April 12, 1994.
/ /
oh, e.4ger, Secretary/Treasury
SUBMITTED BY:
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Anita Collins