12-13-1994 (WEDC) Minutes Minutes
DEVELOPMENT CORPORATION OF WYLIE, INC.
Tuesday, December 13, 1994
The Directors of the Development Corporation of Wylie, Inc. met in regular session at
4:00 PM Tuesday, December 13, 1994 in the Chamber of Commerce Board Room at
108 Marble Street, Wylie, Texas. A quorum was present and notice of the meeting had
been posted in the time and manner required by law. Present were President John
Yeager, Vice-President John Mondy, Sec-Treas. Marvin Fuller, Director Irene Messenger,
Executive Director Charlie Womack, City Manager Steve Norwood, Admin. Asst. to the
City Manager Mike Collins and Secretary Barbara LeCocq.
The meeting was called to order by President John Yeager.
ITEM NO. 1 - Administer Oath of Office to New Member. Item tabled due to absence of
new member, Bud Naish.
ITEM NO. 2 - Presentation by Bill R. Shelton, Managing Director, Cornerstone Group on a
Proposal to Conduct an Economic Assessment of the City of Wylie. Mr. Shelton stated
that his work is primarily with Texas cities, including Longview, Dennison, and Glen Rose.
They look for a long term relationship by providing an individualized view and take an
aggressive approach on a selected few opportunities. Mr. Shelton advised that it is
better for a city to determine the type of business growth they want for their city and
target only those types of businesses rather than pursue any opportunity that seems to
present itself. It provides for a planned business community that compliments the
community. His organization provides guidance for the DCW in how to market Wylie as
an attractive business location to the specific type of business that has been targeted.
ITEM NO. 3 - Presentation by Casey Cohlmia, owner of Casey Cholmia, Advertising and
Public Relations, Inc. discussing a Promotional Strategy and Checklist of Information
Needed in the Economic Assessment Study. Mr. Cohlmia stated that he was here
primarily to answer any questions. He stated the City of Garland along with 15 other
cities had formed a group to promote the area - providing mutual help to attract
whatever type of business each community had targeted. He suggested an inventory of
facilities and capabilities. He noted that the railroad can be an asset to the city
depending upon the type of business that has been targeted.
Following Mr. Cohlmia's presentation, a discussion was held on marketing strategies. Mr.
Womack was directed to talk to approximately 10 marketing professionals and out of the
10, try to get approximately 4 to attend a meeting with the directors to present their
credentials. Two at the meeting to be held on January 10th and two for the February
14th meeting.
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DEVELOPMENT CORPORATION OF WYLIE, INC.
December 13, 1994
Page 2
ITEM NO. 4 - Discuss and Consider Minutes from Regular Meeting held on Tuesday,
November 8, 1994. There being no additions or corrections, a motion was made by
Marvin Fuller to approve as submitted. Second by Irene Messenger. All in favor,
motion carried.
ITEM NO. 5 - Discuss and Consider Treasurer's Report ending November 30, 1994.
Total funds available 10/31/94 $463,058.07; Income Plus Available Funds: Money
Market Funds - $462,592.53; Sales Tax Revenue - $30,700.67; Interest earned -
$1,120.46 ; expenses - $4,435.80; Petty Cash Activities - $57.77; Total Corporate
Funds 11/30/94 - $490,385.63. Contingent Liabilities: Balance remaining on contract
to purchase real estate from James H. Hale - $319,110.00. A motion was made by
Marvin Fuller to approve the Treasurer's Report as submitted; second by Irene
Messenger. All in favor - motion carried.
ITEM NO. 6 - Report From Executive Director. AMERICAN STEAM - Dwan Diaz reported
sales for the year are excellent and project a good 1995. No expansion plans at this
time because they are very unhappy with the condition of Steel Road. Mentioned a
possible move if the road is not improved.
Z-Lan is buying a piece of equipment valued at $250,000. Will increase the tax base.
Physicians Regional Hospital continues to meet their obligations. There is a potential
buyer for the hospital.
Mr. Womack and Mike Collins continue to dialogue with the new prospect. Have visited
current plant. Prospect is currently preparing a business plan and assembling the
financial data needed to meet DCW requirements. Prospect wants a railroad spur
to/from site. A meeting has been set with railroad to discuss spur.
ITEM NO. 7 - Name Individual to Participate with Lone Star Gas in NEPCON West'95
Trade Show in Anaheim, California. Mr. Womack stated he had met with Economic
Development people in Collin County recently. They are discussing a program to go to
the northeast states in March or April with a direct selling program to companies
interested in relocating. A motion was made by Marvin Fuller to send Charlie Womack to
NEPCON in Anaheim. Irene Messenger seconded. All in favor - motion carried.
ITEM NO. 8 - Discuss and Consider Request received from Sanden International (USA),
Inc. for Financial Assistance. Charlie Womack recommended tabling this item pending
additional information. Irene Messenger made a motion to deny financial assistance to
Sanden. Motion died for lack of second. Marvin Fuller made a motion to offer Sanden
5% of annual budget for the next five years. Died for lack of second. Marvin Fuller
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DEVELOPMENT CORPORATION OF WYLIE, INC.
December 13, 1994
Page 3
made a motion to table this item. Second by Irene Messenger. All in favor - motion
carried.
ITEM NO. 9 - Discuss and Consider request received from R. L Warren for Financial
Assistance. A motion was made by Irene Messenger to deny the request for financial
assistance from R. L. Warren. Seconded by Marvin Fuller. All in favor - motion carried.
ITEM NO. 10 - Discuss and Consider Goals and Objectives. Charlie Womack presented a
proposed application for financial assistance. Under Section II of Goals & Objectives
Adopted for Year - Engage an outside consulting firm to conduct an outside objective
analysis to evaluate our competitive resources and make recommendations on how to
market these assets. ADD March 1995 as completion date. Under Section II paragraph
D add Market/Develop real estate owned by the Development Corporation.
ITEM NO. 11 - Discuss and Consider Payment of $6,390.58 for Ad Valorem Taxes due
on Seven lots located in 544 Industrial Park. A motion was made by Marvin Fuller to
pay the taxes on 1/31/95. Second by Irene Messenger. All in favor - motion carried.
ITEM NO. 12 - Discuss and Consider Purchase and Development Costs of the James H.
Hale Property. Marvin Fuller made a motion to approve purchase and development costs
of the James H. Hale property. Second by Irene Messenger - all in favor. Motion
carried.
ITEM NO, 13 - Discuss and Consider Application to the Department of Commerce for a
Texas Leverage Fund loan in the amount of $600,000.00. Motion made by Marvin
Fuller, seconded by Irene Messenger to make application for this loan. Motion carried, all
in favor.
ITEM NO. 14 - Discuss Current Status of Relocation Prospect Financial backing with
Bank One - Garland. Margaret Casey wants local financing on real estate only.
ITEM NO. 15 - CITIZEN PARTICIPATION - None
ITEM NO. 16 - ADJOURN Motion made by Marvin Fuller and seconded by Irene
Messenger to adjourn.
John each r, President
Attes
B tiara LeCocq
